2014 Q4 Form 10-K Financial Statement

#000004501216000272 Filed on February 05, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2013 2012 Q4
Revenue $8.770B $29.40B $7.290B
YoY Change 14.81% 3.15% 3.2%
Cost Of Revenue $7.400B $18.96B $6.236B
YoY Change 15.61% 2.78% 12.02%
Gross Profit $1.370B $10.44B $1.054B
YoY Change 10.66% 3.85% -29.59%
Gross Profit Margin 15.62% 35.52% 14.46%
Selling, General & Admin $71.00M $333.0M $73.00M
YoY Change -24.47% 21.09% 8.96%
% of Gross Profit 5.18% 3.19% 6.93%
Research & Development $588.0M
YoY Change 27.83%
% of Gross Profit 5.63%
Depreciation & Amortization $557.0M $1.900B $431.0M
YoY Change 12.07% 16.71% 17.12%
% of Gross Profit 40.66% 18.19% 40.89%
Operating Expenses $71.00M $588.0M $73.00M
YoY Change -24.47% 27.83% 8.96%
Operating Profit $1.299B $3.138B $981.0M
YoY Change 13.55% -24.55% -31.4%
Interest Expense -$100.0M -$331.0M -$73.00M
YoY Change 2.04% 11.07% 5.8%
% of Operating Profit -7.7% -10.55% -7.44%
Other Income/Expense, Net $41.00M -$43.00M -$9.000M
YoY Change -783.33% 10.26% 28.57%
Pretax Income $1.240B $2.764B $899.0M
YoY Change 19.23% -27.68% -33.6%
Income Tax $336.0M $648.0M $307.0M
% Of Pretax Income 27.1% 23.44% 34.15%
Net Earnings $901.0M $2.125B $669.0M
YoY Change 13.62% -19.35% -26.16%
Net Earnings / Revenue 10.27% 7.23% 9.18%
Basic Earnings Per Share $2.37
Diluted Earnings Per Share $1.061M $2.36 $719.4K
COMMON SHARES
Basic Shares Outstanding 847.5M shares 898.0M shares 928.0M shares
Diluted Shares Outstanding 902.0M shares

Balance Sheet

Concept 2014 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.291B $2.495B $2.604B
YoY Change -8.18% -4.19% -8.57%
Cash & Equivalents $2.291B $2.356B $2.484B
Short-Term Investments $139.0M $120.0M
Other Short-Term Assets $563.0M $1.723B $670.0M
YoY Change -23.61% 14.18% -25.88%
Inventory $3.571B $3.305B $3.186B
Prepaid Expenses $658.0M $608.0M
Receivables $7.564B $6.181B $5.787B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.65B $13.70B $13.09B
YoY Change 6.88% 4.72% 13.03%
LONG-TERM ASSETS
Property, Plant & Equipment $12.48B $11.32B $10.26B
YoY Change 10.18% 10.38% 20.78%
Goodwill $2.330B $2.168B
YoY Change 7.47% 22.07%
Intangibles
YoY Change
Long-Term Investments $47.00M $134.0M $128.0M
YoY Change -64.93% 4.69%
Other Assets $2.713B $1.895B $1.932B
YoY Change 33.71% 5.04% 5.46%
Total Long-Term Assets $17.52B $15.52B $14.32B
YoY Change 12.88% 8.34% 18.38%
TOTAL ASSETS
Total Short-Term Assets $14.65B $13.70B $13.09B
Total Long-Term Assets $17.52B $15.52B $14.32B
Total Assets $32.17B $29.22B $27.41B
YoY Change 10.07% 6.61% 15.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.814B $2.365B $2.041B
YoY Change 18.99% 15.87% 11.77%
Accrued Expenses $1.440B $1.386B $930.0M
YoY Change 3.9% 49.03% 7.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $14.00M
YoY Change
Total Short-Term Liabilities $5.866B $5.026B $4.752B
YoY Change 16.71% 5.77% 15.31%
LONG-TERM LIABILITIES
Long-Term Debt $7.765B $7.816B $4.820B
YoY Change -0.65% 62.16% 0.0%
Other Long-Term Liabilities $1.545B $2.766B $1.141B
YoY Change 33.19% 35.06% 15.72%
Total Long-Term Liabilities $9.310B $10.58B $5.961B
YoY Change 3.72% 54.08% 2.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.866B $5.026B $4.752B
Total Long-Term Liabilities $9.310B $10.58B $5.961B
Total Liabilities $15.87B $15.64B $11.62B
YoY Change 1.66% 34.32% 11.08%
SHAREHOLDERS EQUITY
Retained Earnings $21.81B $17.18B
YoY Change 15.75% 15.47%
Common Stock $2.988B $3.168B
YoY Change -3.46% 0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.131B $4.276B
YoY Change 1.02% -5.96%
Treasury Stock Shares 223.0M shares 144.0M shares
Shareholders Equity $16.27B $13.58B $15.77B
YoY Change
Total Liabilities & Shareholders Equity $32.17B $29.22B $27.41B
YoY Change 10.07% 6.61% 15.77%

Cashflow Statement

Concept 2014 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $901.0M $2.125B $669.0M
YoY Change 13.62% -19.35% -26.16%
Depreciation, Depletion And Amortization $557.0M $1.900B $431.0M
YoY Change 12.07% 16.71% 17.12%
Cash From Operating Activities $1.149B $4.447B $1.741B
YoY Change -39.46% 21.7% 32.09%
INVESTING ACTIVITIES
Capital Expenditures -$999.0M -$2.934B -$1.047B
YoY Change 16.3% -17.72% 32.7%
Acquisitions $94.00M
YoY Change -56.07%
Other Investing Activities $193.0M $110.0M -$183.0M
YoY Change -234.03% 100.0% -65.01%
Cash From Investing Activities -$806.0M -$2.870B -$1.230B
YoY Change -19.64% -22.18% -6.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.356B
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.0M -$1.754B -54.00M
YoY Change 83.91% 919.77% -105.86%
NET CHANGE
Cash From Operating Activities 1.149B $4.447B 1.741B
Cash From Investing Activities -806.0M -$2.870B -1.230B
Cash From Financing Activities -160.0M -$1.754B -54.00M
Net Change In Cash 183.0M -$177.0M 457.0M
YoY Change -77.35% -14.08% -50.7%
FREE CASH FLOW
Cash From Operating Activities $1.149B $4.447B $1.741B
Capital Expenditures -$999.0M -$2.934B -$1.047B
Free Cash Flow $2.148B $7.381B $2.788B
YoY Change -22.09% 2.23% 32.32%

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CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
636000000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
779000000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1729000000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-50000000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
49000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
36000000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2015 us-gaap Debt Instrument Call Feature
DebtInstrumentCallFeature
We may redeem all of our senior notes from time to time or all of the notes of each series at any time at the applicable redemption prices, plus accrued and unpaid interest.
CY2015 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
LIBOR-based
CY2014Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
-92000000 USD
CY2015Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
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CY2014Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
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CY2015Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
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CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
18000000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-357000000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-262000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-132000000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014Q4 us-gaap Deferred Revenue Current
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CY2015Q4 us-gaap Deferred Revenue Current
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CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
20000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
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CY2015Q4 us-gaap Deferred Tax Assets Gross
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CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
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398000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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540000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
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236000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
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354000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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79000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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365000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
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CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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494000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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392000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
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CY2015Q4 us-gaap Deferred Tax Liabilities
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CY2014Q4 us-gaap Deferred Tax Liabilities Other
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111000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
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109000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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1005000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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1334000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
1200000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
990000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
1200000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2015 us-gaap Defined Benefit Plan Description Of Settlements And Curtailments
DefinedBenefitPlanDescriptionOfSettlementsAndCurtailments
9
CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
280000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
51000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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44000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
44000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
39000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
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CY2014Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2014Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2015Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2013 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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32000000 USD
CY2014 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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36000000 USD
CY2015 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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42000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
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1120000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
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964000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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860000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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846000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation
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1232000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation
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1042000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
884000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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867000000 USD
CY2015 us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Next Fiscal Year
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14000000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
313000000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
347000000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
288000000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1900000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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2126000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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1835000000 USD
CY2015Q4 us-gaap Derivative Variable Interest Rate
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CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2014 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2015 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2015 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
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244000000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill Current
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276000000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Current
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57000000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Inventory Current
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576000000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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103000000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Postretirement Plan Benefit Obligation Current
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46000000 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
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1206000000 USD
CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
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3600000000 USD
CY2014 us-gaap Disposal Group Including Discontinued Operation Revenue
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3600000000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Revenue
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2600000000 USD
CY2013 us-gaap Dividends
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465000000 USD
CY2014 us-gaap Dividends
Dividends
533000000 USD
CY2015 us-gaap Dividends
Dividends
614000000 USD
CY2013 us-gaap Earnings Per Share Basic
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2.37
CY2014 us-gaap Earnings Per Share Basic
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4.13
CY2015 us-gaap Earnings Per Share Basic
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-0.79
CY2013 us-gaap Earnings Per Share Diluted
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2.36
CY2014 us-gaap Earnings Per Share Diluted
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4.11
CY2015 us-gaap Earnings Per Share Diluted
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CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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49000000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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41000000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-9000000 USD
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.235
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.271
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.293
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.001
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.036
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.035
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.020
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.019
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.093
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.057
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.156
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.030
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.005
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.023
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.034
CY2013 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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-0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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-0.007
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.017
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003
CY2014Q4 us-gaap Employee Related Liabilities Current
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1033000000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current
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838000000 USD
CY2013 us-gaap Environmental Expense And Liabilities
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1000000000 USD
CY2014 us-gaap Environmental Expense And Liabilities
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CY2015 us-gaap Environmental Expense And Liabilities
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CY2015Q1 us-gaap Foreign Currency Exchange Rate Remeasurement1
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192
CY2015Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
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199000000 USD
CY2013 us-gaap General And Administrative Expense
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333000000 USD
CY2014 us-gaap General And Administrative Expense
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292000000 USD
CY2015 us-gaap General And Administrative Expense
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200000000 USD
CY2012Q4 us-gaap Goodwill
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CY2014Q4 us-gaap Goodwill
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2330000000 USD
CY2015Q4 us-gaap Goodwill
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2109000000 USD
CY2014 us-gaap Goodwill Acquired During Period
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156000000 USD
CY2015 us-gaap Goodwill Acquired During Period
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53000000 USD
CY2013 us-gaap Goodwill Impairment Loss
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0 USD
CY2014 us-gaap Goodwill Impairment Loss
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0 USD
CY2015 us-gaap Goodwill Impairment Loss
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0 USD
CY2014 us-gaap Goodwill Purchase Accounting Adjustments
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6000000 USD
CY2015 us-gaap Goodwill Purchase Accounting Adjustments
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2000000 USD
CY2014 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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10000000 USD
CY2015 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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212000000 USD
CY2013 us-gaap Income Loss From Continuing Operations
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2106000000 USD
CY2014 us-gaap Income Loss From Continuing Operations
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3436000000 USD
CY2015 us-gaap Income Loss From Continuing Operations
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1070000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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3020000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2764000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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4712000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1694000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1692000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
624000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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2116000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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3437000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-662000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.35
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.05
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.78
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.33
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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4.03
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
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19000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
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64000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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19000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
64000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.02
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.08
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.01
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.03
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.08
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.01
CY2013 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
422000000 USD
CY2014 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
391000000 USD
CY2015 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
460000000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
648000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1275000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-274000000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
913000000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1269000000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
370000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
327000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
489000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
449000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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176000000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-201000000 USD
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
92000000 USD
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
117000000 USD
CY2014Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
137000000 USD
CY2015Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
145000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
39000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
26000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
44000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
14000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
6000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
36000000 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
902000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
852000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
853000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
898000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
848000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
853000000 shares
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;padding-bottom:4px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our financial statements are prepared in conformity with United States generally accepted accounting principles, requiring us to make estimates and assumptions that affect:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">-</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">-</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the reported amounts of revenue and expenses during the reporting period.</font></div></td></tr></table><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe the most significant estimates and assumptions are associated with the forecasting of our effective income tax rate and the valuation of deferred taxes, legal and environmental reserves, long-lived asset valuations, purchase price allocations, pensions, allowance for bad debts, and percentage-of-completion accounting for long-term contracts. Ultimate results could differ from our estimates.</font></div></div>

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