2016 Q4 Form 10-K Financial Statement

#000136447917000008 Filed on March 15, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $405.2M $2.413B $2.976B
YoY Change -83.21% -5.71% -4.65%
Cost Of Revenue $210.3M $230.3M $20.60M
YoY Change -8.68% -19.9%
Gross Profit $194.9M $192.1M $2.955B
YoY Change 1.46% -1.03%
Gross Profit Margin 48.1% 7.96% 99.31%
Selling, General & Admin $72.20M $74.00M $62.80M
YoY Change -2.43% -69.8% -79.27%
% of Gross Profit 37.04% 38.52% 2.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $107.3M $105.2M $108.1M
YoY Change 2.0% -1.31% -64.96%
% of Gross Profit 55.05% 54.76% 3.66%
Operating Expenses $167.6M $160.1M $62.80M
YoY Change 4.68% -34.65% -79.27%
Operating Profit $27.30M $32.00M $2.893B
YoY Change -14.69% -162.87%
Interest Expense -$34.40M $7.300M $158.0M
YoY Change -571.23% -165.77% -3.66%
% of Operating Profit -126.01% 22.81% 5.46%
Other Income/Expense, Net $200.0K $55.80M $1.200M
YoY Change -99.64% -1030.0% -140.0%
Pretax Income -$7.400M $95.10M $35.50M
YoY Change -107.78% -133.49% -82.51%
Income Tax $5.800M $16.90M $14.70M
% Of Pretax Income 17.77% 41.41%
Net Earnings -$13.20M $78.20M $20.80M
YoY Change -116.88% -133.42% -86.04%
Net Earnings / Revenue -3.26% 3.24% 0.7%
Basic Earnings Per Share -$0.47 $2.68 $0.69
Diluted Earnings Per Share -$0.47 $2.68 $0.69
COMMON SHARES
Basic Shares Outstanding 28.31M shares 444.4M shares 30.30M shares
Diluted Shares Outstanding 30.30M shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.60M $15.70M $16.70M
YoY Change -26.11% -16.93%
Cash & Equivalents $24.00M $24.70M $3.600M
Short-Term Investments
Other Short-Term Assets $35.30M $27.00M $202.0M
YoY Change 30.74% -54.31%
Inventory $24.10M $22.30M $62.00M
Prepaid Expenses
Receivables $293.3M $287.8M $294.5M
Other Receivables $7.400M $8.700M $39.10M
Total Short-Term Assets $371.7M $361.5M $578.9M
YoY Change 2.82% -24.91%
LONG-TERM ASSETS
Property, Plant & Equipment $272.0M $246.6M $1.277B
YoY Change 10.3% -81.35% 1.03%
Goodwill $91.00M $91.00M $1.358B
YoY Change 0.0% -4.31% 0.67%
Intangibles $303.9M $566.5M $3.900B
YoY Change -46.35% -85.87% -3.68%
Long-Term Investments
YoY Change
Other Assets $34.70M $14.90M $16.70M
YoY Change 132.89% 24.17%
Total Long-Term Assets $3.094B $3.036B $23.99B
YoY Change 1.94% -87.08%
TOTAL ASSETS
Total Short-Term Assets $371.7M $361.5M $578.9M
Total Long-Term Assets $3.094B $3.036B $23.99B
Total Assets $3.466B $3.397B $24.57B
YoY Change 2.03% -85.84% -3.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.0M $109.5M $158.5M
YoY Change 26.94% -36.81%
Accrued Expenses $88.20M $47.80M $49.60M
YoY Change 84.52% -23.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $73.20M $359.8M
YoY Change -100.0% -84.5%
Long-Term Debt Due $15.70M $10.20M $34.90M
YoY Change 53.92% -3.77%
Total Short-Term Liabilities $242.9M $282.3M $698.5M
YoY Change -13.96% -62.8%
LONG-TERM LIABILITIES
Long-Term Debt $2.179B $53.30M $285.0M
YoY Change 3987.43% -86.89%
Other Long-Term Liabilities $32.00M $32.10M $25.50M
YoY Change -0.31% 17.15%
Total Long-Term Liabilities $32.00M $32.10M $310.5M
YoY Change -0.31% -92.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $242.9M $282.3M $698.5M
Total Long-Term Liabilities $32.00M $32.10M $310.5M
Total Liabilities $3.148B $1.095B $22.23B
YoY Change 187.52% -94.91% -2.04%
SHAREHOLDERS EQUITY
Retained Earnings -$625.2M -$605.5M -$461.0M
YoY Change 3.25% -8.81% 6.96%
Common Stock $300.0K $3.343B $3.338B
YoY Change -99.99% 0.4% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $692.0M $692.0M $349.0M
YoY Change 0.0% 695.4% 301.15%
Treasury Stock Shares 2.700M shares 2.700M shares 19.00M shares
Shareholders Equity $317.7M $2.302B $1.957B
YoY Change
Total Liabilities & Shareholders Equity $3.466B $3.397B $24.57B
YoY Change 2.03% -85.84% -3.55%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$13.20M $78.20M $20.80M
YoY Change -116.88% -133.42% -86.04%
Depreciation, Depletion And Amortization $107.3M $105.2M $108.1M
YoY Change 2.0% -1.31% -64.96%
Cash From Operating Activities $62.50M $121.1M $128.8M
YoY Change -48.39% 0.33% -61.77%
INVESTING ACTIVITIES
Capital Expenditures -$161.2M -$72.00M -$210.9M
YoY Change 123.89% -55.25% -57.59%
Acquisitions
YoY Change
Other Investing Activities $6.700M $146.2M $27.20M
YoY Change -95.42% 191.24% -84.78%
Cash From Investing Activities -$154.5M $74.20M -$183.7M
YoY Change -308.22% -167.03% -42.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.90M -181.9M 50.00M
YoY Change -130.73% 945.4% -1100.0%
NET CHANGE
Cash From Operating Activities 62.50M 121.1M 128.8M
Cash From Investing Activities -154.5M 74.20M -183.7M
Cash From Financing Activities 55.90M -181.9M 50.00M
Net Change In Cash -36.10M 13.40M -4.900M
YoY Change -369.4% -281.08% -136.84%
FREE CASH FLOW
Cash From Operating Activities $62.50M $121.1M $128.8M
Capital Expenditures -$161.2M -$72.00M -$210.9M
Free Cash Flow $223.7M $193.1M $339.7M
YoY Change 15.85% -31.43% -59.28%

Facts In Submission

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1800000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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11100000 USD
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46500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
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137900000 USD
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42900000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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133400000 USD
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6400000 USD
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90700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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78500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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3300000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
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100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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100000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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1500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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1100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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7600000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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7100000 USD
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3600000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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4500000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
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727100000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
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692100000 USD
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96100000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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98900000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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727300000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
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692100000 USD
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673900000 USD
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721100000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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5500000 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
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100000 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
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100000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
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3900000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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7400000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
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7500000 USD
CY2014 us-gaap Depreciation Nonproduction
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36300000 USD
CY2015 us-gaap Depreciation Nonproduction
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39600000 USD
CY2016 us-gaap Depreciation Nonproduction
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39700000 USD
CY2014 us-gaap Direct Operating Costs
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716100000 USD
CY2015 us-gaap Direct Operating Costs
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711200000 USD
CY2014 us-gaap Earnings Per Share Diluted
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2.87
CY2016Q3 us-gaap Earnings Per Share Diluted
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0.11
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651400000 USD
CY2014 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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0 USD
CY2015 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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50900000 USD
CY2016 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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0 USD
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3.00
CY2015Q1 us-gaap Earnings Per Share Basic
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0.06
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0.35
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0.69
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2.68
CY2015 us-gaap Earnings Per Share Basic
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3.69
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-0.05
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-0.28
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0.11
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-0.47
CY2016 us-gaap Earnings Per Share Basic
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-0.70
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0.06
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0.35
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0.69
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2.68
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3.69
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-0.05
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-0.47
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-0.70
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-2400000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-4300000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-400000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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9100000 USD
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29200000 USD
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800000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
0 USD
CY2016 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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400000 USD
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15100000 USD
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P2Y2M12D
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500000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1100000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2100000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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200000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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0 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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0 USD
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355000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11700000 USD
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0 USD
CY2015 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
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54500000 USD
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389500000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
49600000 USD
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34500000 USD
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37900000 USD
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10300000 USD
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14400000 USD
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-21500000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
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2200000 USD
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1700000 USD
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1100000 USD
CY2014Q4 us-gaap Goodwill
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95100000 USD
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91000000 USD
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91000000 USD
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300000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
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0 USD
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770000000 USD
CY2015Q4 us-gaap Goodwill Gross
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765900000 USD
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674900000 USD
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674900000 USD
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674900000 USD
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0 USD
CY2016 us-gaap Goodwill Impairment Loss
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0 USD
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CY2016 us-gaap Goodwill Period Increase Decrease
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0 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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4400000 USD
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0 USD
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105300000 USD
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102400000 USD
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2500000 USD
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144500000 USD
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6700000 USD
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19600000 USD
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35500000 USD
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95100000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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156900000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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6700000 USD
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-4900000 USD
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39200000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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144500000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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156900000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-4900000 USD
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4700000 USD
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4100000 USD
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2300000 USD
CY2014 us-gaap Income Tax Expense Benefit
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54800000 USD
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45600000 USD
CY2016 us-gaap Income Tax Expense Benefit
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14800000 USD
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CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3800000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1300000 USD
CY2014 us-gaap Income Tax Reconciliation Disposition Of Assets
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0 USD
CY2015 us-gaap Income Tax Reconciliation Disposition Of Assets
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CY2016 us-gaap Income Tax Reconciliation Disposition Of Assets
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0 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-8800000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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700000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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50600000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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54900000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-1700000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
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900000 USD
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-300000 USD
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3200000 USD
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2800000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
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900000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
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0 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
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16500000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-100000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
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5000000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
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9500000 USD
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23600000 USD
CY2015 us-gaap Income Taxes Paid Net
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10100000 USD
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2900000 USD
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8700000 USD
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7400000 USD
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-5200000 USD
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9200000 USD
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59500000 USD
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20100000 USD
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59200000 USD
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3400000 USD
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-2400000 USD
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CY2015 us-gaap Increase Decrease In Accrued Liabilities
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-5500000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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34900000 USD
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-5000000 USD
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8200000 USD
CY2015 us-gaap Increase Decrease In Inventories And Other Operating Assets
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20700000 USD
CY2016 us-gaap Increase Decrease In Inventories And Other Operating Assets
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20300000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
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-33500000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
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-3300000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
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3400000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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1300000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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655500000 USD
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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315600000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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300500000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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303900000 USD
CY2014 us-gaap Interest Income Expense Net
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-32900000 USD
CY2016 us-gaap Interest Income Expense Net
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-84200000 USD
CY2014 us-gaap Interest On Convertible Debt Net Of Tax
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1100000 USD
CY2015 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2016 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
36100000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
27700000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
70700000 USD
CY2015Q4 us-gaap Interest Payable Current
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300000 USD
CY2016Q4 us-gaap Interest Payable Current
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9100000 USD
CY2015Q4 us-gaap Inventory Net
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22300000 USD
CY2016Q4 us-gaap Inventory Net
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24100000 USD
CY2014 us-gaap Inventory Write Down
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7800000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
7900000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
4200000 USD
CY2016 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P15Y
CY2015Q4 us-gaap Liabilities
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1095000000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
3145600000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3397000000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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3463300000 USD
CY2015Q4 us-gaap Liabilities Current
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282300000 USD
CY2016Q4 us-gaap Liabilities Current
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242900000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
53300000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2178600000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
10200000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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15700000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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63500000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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2194300000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
1235000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
910000000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
11500000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
22500000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
20600000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
15700000 USD
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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CY2016 us-gaap Net Income Loss
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10200000 USD
CY2016Q4 us-gaap Long Term Debt Current
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15700000 USD
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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469200000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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496300000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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433400000 USD
CY2014 us-gaap Net Income Loss
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89700000 USD
CY2015Q1 us-gaap Net Income Loss
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CY2015Q2 us-gaap Net Income Loss
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CY2015Q3 us-gaap Net Income Loss
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CY2015Q4 us-gaap Net Income Loss
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78200000 USD
CY2015 us-gaap Net Income Loss
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CY2016Q1 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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89700000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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111300000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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-19700000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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90800000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
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111300000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2015Q4 us-gaap Notes Payable Related Parties Classified Current
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73200000 USD
CY2016Q4 us-gaap Notes Payable Related Parties Classified Current
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0 USD
CY2016 us-gaap Number Of Reportable Segments
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1 segment
CY2016 us-gaap Number Of Reporting Units
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1 reporting_unit
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136400000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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29300000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
2000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
9300000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
14300000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
20800000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
26700000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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36000000 USD
CY2014 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
340000000 USD
CY2015 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
343700000 USD
CY2016 us-gaap Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
350500000 USD
CY2014 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
1455800000 USD
CY2015 us-gaap Operating Leases Income Statement Lease Revenue
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1411700000 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
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1352700000 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
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34200000 USD
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
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33200000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
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33000000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
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33500000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
32700000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
32500000 USD
CY2014 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
700000 USD
CY2015 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
500000 USD
CY2016 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
500000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
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15300000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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16600000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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14900000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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34700000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
2700000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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15800000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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-2300000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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500000 USD
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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1400000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
41600000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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600000 USD
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
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16700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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1600000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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2900000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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-600000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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1400000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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8100000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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-100000 USD
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32100000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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32000000 USD
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4200000 USD
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56100000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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2400000 USD
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3100000 USD
CY2016 us-gaap Other Operating Activities Cash Flow Statement
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5500000 USD
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0 USD
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500000 USD
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0 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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604500000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2015 us-gaap Payments For Restructuring
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5200000 USD
CY2016 us-gaap Payments For Restructuring
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5600000 USD
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0 USD
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0 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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41500000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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16500000 USD
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5000000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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500000 USD
CY2014 us-gaap Payments To Acquire Equipment On Lease
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614500000 USD
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600000000 USD
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468300000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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43700000 USD
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76900000 USD
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47800000 USD
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0.01
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13300000 shares
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13300000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
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13300000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015Q4 us-gaap Preferred Stock Value
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0 USD
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
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11000000 USD
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15900000 USD
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28800000 USD
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198800000 USD
CY2016 us-gaap Proceeds From Contributions From Affiliates
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0 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
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126400000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2014 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
CY2015 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
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2480000000 USD
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1865000000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
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1791000000 USD
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15800000 USD
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6000000 USD
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5700000 USD
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18000000 USD
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5100000 USD
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0 USD
CY2016 us-gaap Proceeds From Stock Plans
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442400000 USD
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492900000 USD
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246600000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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272000000 USD
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1143700000 USD
CY2016Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
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1305500000 USD
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CY2016Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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2382500000 USD
CY2016Q4 us-gaap Property Subject To Or Available For Operating Lease Net
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2390000000 USD
CY2014 us-gaap Provision For Doubtful Accounts
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37400000 USD
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10000000 USD
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3400000 USD
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42800000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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44400000 USD
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2425300000 USD
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2208600000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
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881000000 USD
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
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9600000 USD
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
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10000000 USD
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
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12400000 USD
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16000000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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19400000 USD
CY2014 us-gaap Restructuring Charges
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5700000 USD
CY2015 us-gaap Restructuring Charges
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4300000 USD
CY2016 us-gaap Restructuring Charges
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4000000 USD
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3400000 USD
CY2015Q4 us-gaap Restructuring Reserve
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2500000 USD
CY2016Q4 us-gaap Restructuring Reserve
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900000 USD
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95400000 USD
CY2015 us-gaap Sales Revenue Goods Net
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92100000 USD
CY2016 us-gaap Sales Revenue Goods Net
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68200000 USD
CY2014 us-gaap Sales Revenue Net
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1770400000 USD
CY2015Q1 us-gaap Sales Revenue Net
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401300000 USD
CY2015Q2 us-gaap Sales Revenue Net
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422700000 USD
CY2015Q3 us-gaap Sales Revenue Net
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431800000 USD
CY2015Q4 us-gaap Sales Revenue Net
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422400000 USD
CY2015 us-gaap Sales Revenue Net
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1678200000 USD
CY2016Q1 us-gaap Sales Revenue Net
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365600000 USD
CY2016Q2 us-gaap Sales Revenue Net
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380400000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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134200 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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529675 shares
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403600000 USD
CY2016Q4 us-gaap Sales Revenue Net
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405200000 USD
CY2016 us-gaap Sales Revenue Net
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1554800000 USD
CY2014 us-gaap Sales Revenue Services Net
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20500000 USD
CY2015 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
13200000 USD
CY2016 us-gaap Sales Revenue Services Net
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11400000 USD
CY2014 us-gaap Selling General And Administrative Expense
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251400000 USD
CY2015 us-gaap Selling General And Administrative Expense
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265500000 USD
CY2016 us-gaap Selling General And Administrative Expense
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275000000 USD
CY2014 us-gaap Share Based Compensation
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1400000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
2700000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
5500000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2200000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
750000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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49543 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
53.54
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
500000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
17362 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
49.18
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
429539 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.06
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.28
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.11
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.90
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
418974 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
2500000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
36.54
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
21.40
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
33.28
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49543 shares
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529675 shares
CY2016Q4 us-gaap Share Price
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40.16
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100000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y2M
CY2016Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
53.54
CY2016Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
37.90
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
16702 shares
CY2014 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
84400000 USD
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3900000 USD
CY2014 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
600000 USD
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-16500000 USD
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StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-5000000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-500000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18000000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5100000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10000000 USD
CY2016Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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395900000 USD
CY2015Q4 us-gaap Treasury Stock Value
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692000000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
692000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount1
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1000000000.0 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
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604500000 USD
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200000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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31600000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30200000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28300000 shares
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1877400000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1693700000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2302000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
317700000 USD
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StockholdersEquityNoteSpinoffTransaction
-394600000 USD
CY2015 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
1003000000 USD
CY2016 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
-1996300000 USD
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0.0667
CY2015Q4 us-gaap Taxes Payable Current
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41600000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
10000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
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2700000 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2700000 shares
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2500000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30300000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30200000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28300000 shares
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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-style:italic;font-weight:bold;">Concentration of Credit Risk </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's cash and cash equivalents are held in checking accounts, various investment grade institutional money market accounts or bank term deposits. Deposits held at banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company seeks to mitigate such risks by spreading the risk across multiple counterparties and monitoring the risk profiles of these counterparties. In addition, the Company has credit risk from financial instruments used in hedging activities. The Company limits its exposure relating to financial instruments by diversifying the financial instruments among various counterparties, which consist of major financial institutions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No single customer accounted for more than </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s rental revenues during the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016, 2015 and 2014</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016 and 2015</font><font style="font-family:inherit;font-size:10pt;">, no single customer accounted for more than </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> of accounts receivable.</font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<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;font-weight:bold;">Background</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Herc Holdings Inc. ("Herc Holdings" or the "Company") is one of the leading equipment rental suppliers with approximately </font><font style="font-family:inherit;font-size:10pt;">270</font><font style="font-family:inherit;font-size:10pt;"> company-owned locations at December 31, 2016, principally in North America. It conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). Operations are conducted under the Herc Rentals brand in the United States and under the Hertz Equipment Rental brand in Canada and other international locations. The Company has been in the equipment rental business since </font><font style="font-family:inherit;font-size:10pt;">1965</font><font style="font-family:inherit;font-size:10pt;"> and is a full-line equipment rental supplier in key markets, including commercial and residential construction, industrial and manufacturing, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture, as well as refineries and petrochemicals.&#160;The equipment rental business is supported by ProSolutions</font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">TM</sup></font><font style="font-family:inherit;font-size:10pt;">, the Company's industry-specific solutions-based services, and its professional grade tools, commercial vehicles, and pump, power and climate control product offerings. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company, in its previous form as the holding company of both the existing equipment rental operations as well as the former vehicle rental operations (in its form prior to the Spin-Off, "Hertz Holdings"), completed a spin-off (the "Spin-Off") of its global vehicle rental business through a dividend to stockholders of all of the issued and outstanding common stock of Hertz Rental Car Holding Company, Inc., which was re-named Hertz Global Holdings, Inc. ("New Hertz") on a </font><font style="font-family:inherit;font-size:10pt;">one-for-five</font><font style="font-family:inherit;font-size:10pt;"> basis. New Hertz is now an independent public company and trades on the New York Stock Exchange under the symbol "HTZ." New Hertz continues to operate its global vehicle rental business through its operating subsidiaries including The Hertz Corporation ("THC"). The Company changed its name to Herc Holdings Inc. on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and trades on the New York Stock Exchange under the symbol "HRI." Following the Spin-Off, the Company continues to operate its global equipment rental business through its operating subsidiaries, including Herc. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For accounting purposes, due to the relative significance of New Hertz to Hertz Holdings, New Hertz was considered the spinnor or divesting entity in the Spin-Off and Herc Holdings was considered the spinnee or divested entity. As a result, despite the legal form of the transaction, New Hertz was the "accounting successor" to Hertz Holdings. Under the accounting rules, the historical financial information of New Hertz is required to reflect the financial information of Hertz Holdings, as if New Hertz spun off Herc Holdings in the Spin-Off. In contrast, the historical financial information of Herc Holdings, including certain information presented in these consolidated financial statements, reflects the financial information of the equipment rental business and certain parent legal entities of Herc historically operated as part of Hertz Holdings, as if Herc Holdings was a stand-alone company for all periods presented. The historical financial information of Herc Holdings presented in these consolidated financial statements is not necessarily indicative of what Herc Holdings&#8217; financial position or results of operations actually would have been had Herc Holdings operated as a separate, independent company for the periods presented. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These consolidated financial statements consist of Herc Holdings, the top level holding company of Hertz Holdings&#8217; equipment rental business following the Spin-Off with no material assets or stand-alone operations, and Herc and its consolidated subsidiaries.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification of Prior Period Presentation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported consolidated balance sheets, results of operations, equity or cash flows for any period presented.</font></div></div>

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