2015 Q3 Form 10-Q Financial Statement

#000095012315010574 Filed on October 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q4 2014 Q3
Revenue $4.184B $4.356B $4.657B
YoY Change -10.16% -9.08% -6.9%
Cost Of Revenue $3.000B $3.340B $3.516B
YoY Change -14.68% -9.29% -10.9%
Gross Profit $1.184B $1.016B $1.141B
YoY Change 3.77% -8.39% 8.05%
Gross Profit Margin 28.3% 23.32% 24.5%
Selling, General & Admin $633.0M $702.0M $653.0M
YoY Change -3.06% -4.62% -4.81%
% of Gross Profit 53.46% 69.09% 57.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $173.0M $179.0M $182.0M
YoY Change -4.95% -2.19% 0.0%
% of Gross Profit 14.61% 17.62% 15.95%
Operating Expenses $633.0M $697.0M $653.0M
YoY Change -3.06% -5.94% -4.81%
Operating Profit $602.0M $319.0M $520.0M
YoY Change 15.77% -13.32% 20.65%
Interest Expense $105.0M -$181.0M $108.0M
YoY Change -2.78% 115.48% 8.0%
% of Operating Profit 17.44% -56.74% 20.77%
Other Income/Expense, Net $5.000M -$66.00M
YoY Change -107.58%
Pretax Income $431.0M $126.0M $299.0M
YoY Change 44.15% -51.16% 20.08%
Income Tax $126.0M -$2.002B $100.0M
% Of Pretax Income 29.23% -1588.89% 33.44%
Net Earnings $271.0M $2.129B $161.0M
YoY Change 68.32% 805.96% -6.94%
Net Earnings / Revenue 6.48% 48.88% 3.46%
Basic Earnings Per Share $1.01 $0.58
Diluted Earnings Per Share $0.99 $7.714M $0.58
COMMON SHARES
Basic Shares Outstanding 269.0M shares 275.0M shares
Diluted Shares Outstanding 274.0M shares 279.0M shares

Balance Sheet

Concept 2015 Q3 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.690B $2.161B $1.744B
YoY Change -3.1% -27.87% -30.24%
Cash & Equivalents $1.690B $2.161B $1.744B
Short-Term Investments
Other Short-Term Assets $1.093B $231.0M $358.0M
YoY Change 205.31% -41.81% -3.5%
Inventory $2.544B $2.671B $2.924B
Prepaid Expenses
Receivables $2.616B $2.126B $3.021B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.922B $7.159B $8.047B
YoY Change -1.55% -17.18% -11.27%
LONG-TERM ASSETS
Property, Plant & Equipment $6.673B $7.153B $7.092B
YoY Change -5.91% -2.28% 0.38%
Goodwill $556.0M $601.0M $623.0M
YoY Change -10.75% -10.03% -5.61%
Intangibles $131.0M $138.0M $135.0M
YoY Change -2.96% 0.0% -2.17%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change
Other Assets $748.0M $740.0M $654.0M
YoY Change 14.37% 23.33% 18.91%
Total Long-Term Assets $9.593B $10.84B $8.609B
YoY Change 11.43% 23.29% 0.07%
TOTAL ASSETS
Total Short-Term Assets $7.922B $7.159B $8.047B
Total Long-Term Assets $9.593B $10.84B $8.609B
Total Assets $17.52B $18.00B $16.66B
YoY Change 5.16% 3.23% -5.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.576B $2.878B $2.827B
YoY Change -8.88% -7.07% -8.33%
Accrued Expenses $723.0M $724.0M $774.0M
YoY Change -6.59% -4.49% -2.52%
Deferred Revenue
YoY Change
Short-Term Debt $41.00M $30.00M $38.00M
YoY Change 7.89% 114.29% -13.64%
Long-Term Debt Due $368.0M $148.0M $98.00M
YoY Change 275.51% 102.74% -25.76%
Total Short-Term Liabilities $4.783B $4.730B $4.773B
YoY Change 0.21% -5.87% -7.93%
LONG-TERM LIABILITIES
Long-Term Debt $5.591B $6.216B $6.719B
YoY Change -16.79% 0.88% 5.55%
Other Long-Term Liabilities $587.0M $905.0M $916.0M
YoY Change -35.92% -6.31% -7.94%
Total Long-Term Liabilities $587.0M $905.0M $916.0M
YoY Change -35.92% -6.31% -7.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.783B $4.730B $4.773B
Total Long-Term Liabilities $587.0M $905.0M $916.0M
Total Liabilities $12.56B $13.62B $13.96B
YoY Change -9.99% -9.71% -12.37%
SHAREHOLDERS EQUITY
Retained Earnings $4.981B $4.331B $2.231B
YoY Change 123.26% 121.2% 28.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 9.000M shares 9.000M shares 3.000M shares
Shareholders Equity $4.143B $3.610B $1.862B
YoY Change
Total Liabilities & Shareholders Equity $17.52B $18.04B $16.66B
YoY Change 5.16% 2.95% -5.75%

Cashflow Statement

Concept 2015 Q3 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $271.0M $2.129B $161.0M
YoY Change 68.32% 805.96% -6.94%
Depreciation, Depletion And Amortization $173.0M $179.0M $182.0M
YoY Change -4.95% -2.19% 0.0%
Cash From Operating Activities $337.0M $1.279B $195.0M
YoY Change 72.82% 3.48% 18.9%
INVESTING ACTIVITIES
Capital Expenditures -$208.0M -$289.0M -$193.0M
YoY Change 7.77% -33.41% -19.92%
Acquisitions
YoY Change
Other Investing Activities $3.000M $43.00M $9.000M
YoY Change -66.67% 86.96% -50.0%
Cash From Investing Activities -$205.0M -$246.0M -$184.0M
YoY Change 11.41% -40.15% -17.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.00M -574.0M 187.0M
YoY Change -120.86% 80.5% -1035.0%
NET CHANGE
Cash From Operating Activities 337.0M 1.279B 195.0M
Cash From Investing Activities -205.0M -246.0M -184.0M
Cash From Financing Activities -39.00M -574.0M 187.0M
Net Change In Cash 93.00M 459.0M 198.0M
YoY Change -53.03% -9.47% -350.63%
FREE CASH FLOW
Cash From Operating Activities $337.0M $1.279B $195.0M
Capital Expenditures -$208.0M -$289.0M -$193.0M
Free Cash Flow $545.0M $1.568B $388.0M
YoY Change 40.46% -6.11% -4.2%

Facts In Submission

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us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
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us-gaap Guarantee Obligations Term
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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8000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
21000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-2000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-25000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-82000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-19000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-56000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-5000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-9000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-27000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
11000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
10000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
6000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
16000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
3000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-4000000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1000000 USD
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
956000000 USD
CY2015Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
871000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
873000000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
587000000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-66000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-242000000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
113000000 USD
CY2014Q3 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
4000000 USD
us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
11000000 USD
CY2015Q3 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
5000000 USD
us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
15000000 USD
us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
20000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-7000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
97000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
82000000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
169000000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
105000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
43000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
15000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
634000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
656000000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
72000000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
50000000 USD
us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
0 USD
CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1676000000 USD
CY2015Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1426000000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
196000000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
255000000 USD
CY2015Q3 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
452000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1739000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1265000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
41000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
33000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-12000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
82000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
25000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
52000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
72000000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
199000000 USD
us-gaap Profit Loss
ProfitLoss
393000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
305000000 USD
us-gaap Profit Loss
ProfitLoss
749000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7153000000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6673000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-121000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-40000000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
0 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
155000000 USD
CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
582000000 USD
CY2015Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
590000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1054000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1469000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
24000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
59000000 USD
us-gaap Restriction To Transfer Funds
RestrictionToTransferFunds
Certain non-guarantor subsidiaries of the Parent Company are limited in their ability to remit funds to it by means of dividends, advances or loans due to required foreign government and/or currency exchange board approvals or limitations in credit agreements or other debt instruments of those subsidiaries.
us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
800 Employees
CY2014Q3 us-gaap Restructuring Charges
RestructuringCharges
15000000 USD
us-gaap Restructuring Charges
RestructuringCharges
80000000 USD
CY2015Q3 us-gaap Restructuring Charges
RestructuringCharges
20000000 USD
us-gaap Restructuring Charges
RestructuringCharges
82000000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
119000000 USD
CY2015Q3 us-gaap Restructuring Reserve
RestructuringReserve
105000000 USD
CY2014Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
0 USD
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
3000000 USD
CY2015Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
3000000 USD
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
5000000 USD
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
83000000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4343000000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4981000000 USD
CY2014Q3 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
9000000 USD
us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
27000000 USD
CY2015Q3 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
12000000 USD
us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
187000000 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4657000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
13782000000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4184000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
12380000000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
653000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2018000000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
633000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1889000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0088
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4200
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0183
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y4M
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
30000000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
41000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
3610000000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
4143000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3845000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4362000000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
9000000 shares
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
9000000 shares
CY2014Q3 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
12000000 USD
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
10000000 USD
CY2015Q3 us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
7000000 USD
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
19000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
81000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
15000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
65000000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
279000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
280000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
274000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
274000000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
275000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
266000000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
269000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
270000000 shares
CY2014Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
71000000 USD
CY2015Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
62000000 USD
CY2014Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
306000000 USD
CY2015Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
308000000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Reclassifications and Adjustments</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation.</font></div></div>

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