2016 Q1 Form 10-K Financial Statement

#000081376216000057 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 2014 Q4
Revenue $3.127B $15.27B $3.366B
YoY Change -30.68% -20.28% -30.91%
Cost Of Revenue $3.123B $12.74B $3.798B
YoY Change -0.06% -22.71% -9.66%
Gross Profit $425.0M $2.531B $184.0M
YoY Change -3.41% -5.28% -44.07%
Gross Profit Margin 13.59% 16.57% 5.47%
Selling, General & Admin $518.0M $1.908B $378.0M
YoY Change 8.6% 17.42% 3.0%
% of Gross Profit 121.88% 75.39% 205.43%
Research & Development $189.0M
YoY Change -1.56%
% of Gross Profit 7.47%
Depreciation & Amortization $230.0M $849.0M $208.0M
YoY Change 12.75% 7.74% 7.77%
% of Gross Profit 54.12% 33.54% 113.04%
Operating Expenses $518.0M $1.908B $533.0M
YoY Change 8.6% 17.42% -3.62%
Operating Profit -$93.00M $623.0M -$349.0M
YoY Change 151.35% -40.5% 55.8%
Interest Expense $241.0M $1.154B -$181.0M
YoY Change -10.74% 36.25% -15.02%
% of Operating Profit 185.23%
Other Income/Expense, Net $27.00M $35.00M $47.00M
YoY Change -200.0% -80.77% 261.54%
Pretax Income -$1.593B -$2.059B -$1.371B
YoY Change -438.22% 225.79% -2347.54%
Income Tax $16.00M $68.00M -$269.0M
% Of Pretax Income
Net Earnings -$837.0M -$1.194B -$478.0M
YoY Change -619.88% 220.11% -315.32%
Net Earnings / Revenue -26.77% -7.82% -14.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$6.129M -$9.141M -$3.794M
COMMON SHARES
Basic Shares Outstanding 131.5M shares 126.0M shares 121.5M shares
Diluted Shares Outstanding 126.0M shares

Balance Sheet

Concept 2016 Q1 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.627B $3.360B $4.347B
YoY Change -46.09% -22.71% 18.84%
Cash & Equivalents $1.876B $3.360B $2.908B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $2.896B $2.259B $1.879B
Prepaid Expenses
Receivables $1.839B $1.685B $1.691B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.362B $7.304B $7.917B
YoY Change -14.26% -7.74% 8.3%
LONG-TERM ASSETS
Property, Plant & Equipment $10.57B $9.535B $8.812B
YoY Change 14.9% 8.2% 9.1%
Goodwill $1.194B $2.000B
YoY Change -41.7% -3.57%
Intangibles $1.212B $1.088B
YoY Change 6.97% -2.25%
Long-Term Investments $10.03B $15.35B $14.48B
YoY Change -32.57% 6.02% 18.1%
Other Assets $154.0M
YoY Change
Total Long-Term Assets $24.92B $29.10B $27.87B
YoY Change -13.03% 4.41% 14.07%
TOTAL ASSETS
Total Short-Term Assets $7.362B $7.304B $7.917B
Total Long-Term Assets $24.92B $29.10B $27.87B
Total Assets $32.28B $36.41B $35.79B
YoY Change -13.32% 1.72% 12.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.523B $8.733B $6.584B
YoY Change -25.29% 32.64% 85.15%
Accrued Expenses $2.812B $1.823B $2.248B
YoY Change 51.75% -18.91% 2.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.335B $10.56B $8.832B
YoY Change -7.23% 19.52% 53.55%
LONG-TERM LIABILITIES
Long-Term Debt $12.53B $12.59B $11.59B
YoY Change 3.66% 8.68% 24.67%
Other Long-Term Liabilities $2.282B $2.023B $1.725B
YoY Change -28.08% 17.28% -13.53%
Total Long-Term Liabilities $14.81B $14.62B $13.31B
YoY Change -2.94% 9.79% 17.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.335B $10.56B $8.832B
Total Long-Term Liabilities $14.81B $14.62B $13.31B
Total Liabilities $23.77B $32.42B $23.40B
YoY Change -2.99% 6.83% 26.93%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.516B $3.987B $5.443B
YoY Change
Total Liabilities & Shareholders Equity $32.28B $36.41B $35.79B
YoY Change -13.32% 1.72% 12.74%

Cashflow Statement

Concept 2016 Q1 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$837.0M -$1.194B -$478.0M
YoY Change -619.88% 220.11% -315.32%
Depreciation, Depletion And Amortization $230.0M $849.0M $208.0M
YoY Change 12.75% 7.74% 7.77%
Cash From Operating Activities $610.0M $748.0M $229.0M
YoY Change -427.96% -291.79% -26.37%
INVESTING ACTIVITIES
Capital Expenditures $210.0M $1.359B -$425.0M
YoY Change -42.15% -3.69% 14.56%
Acquisitions $952.0M $855.0M
YoY Change 212.13% 53.23%
Other Investing Activities $22.00M -$84.00M $53.00M
YoY Change -6.67% -117.73%
Cash From Investing Activities -$1.178B -$2.385B -$372.0M
YoY Change 105.58% 21.87% -44.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $364.0M $826.0M -6.000M
YoY Change -48.15% -58.86% -102.23%
NET CHANGE
Cash From Operating Activities $610.0M $748.0M 229.0M
Cash From Investing Activities -$1.178B -$2.385B -372.0M
Cash From Financing Activities $364.0M $826.0M -6.000M
Net Change In Cash -$204.0M -$811.0M -149.0M
YoY Change 257.89% 139.23% 65.56%
FREE CASH FLOW
Cash From Operating Activities $610.0M $748.0M $229.0M
Capital Expenditures $210.0M $1.359B -$425.0M
Free Cash Flow $400.0M -$611.0M $654.0M
YoY Change -172.86% -66.07% -4.11%

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12741000000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
39000000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
80000000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
72000000 USD
CY2014Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
11588000000 USD
CY2015Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
12633000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-157000000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-183000000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2078000000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2213000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
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2271000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
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2755000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
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389000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
295000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1212000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
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1311000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1348000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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1511000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
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231000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
418000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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144000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
341000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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388000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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347000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2014Q4 us-gaap Deferred Tax Liabilities
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1255000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1197000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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177000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
163000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
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6000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
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13000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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239000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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354000000 USD
CY2013 us-gaap Depreciation
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622000000 USD
CY2014 us-gaap Depreciation
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701000000 USD
CY2015 us-gaap Depreciation
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CY2013 us-gaap Depreciation Depletion And Amortization
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708000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
788000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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CY2015 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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5000000 USD
CY2013 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
51000000 USD
CY2014 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
125000000 USD
CY2015 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
116000000 USD
CY2013 us-gaap Distributions Per Limited Partnership Unit Outstanding
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4.50
CY2014 us-gaap Distributions Per Limited Partnership Unit Outstanding
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6.00
CY2015 us-gaap Distributions Per Limited Partnership Unit Outstanding
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6.00
CY2014Q4 us-gaap Due To Correspondent Brokers
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5197000000 USD
CY2015Q4 us-gaap Due To Correspondent Brokers
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7317000000 USD
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-14000000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-10000000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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-0.051
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.163
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.154
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.215
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.055
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.013
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.067
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.014
CY2013 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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-0.023
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.075
CY2015 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.020
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.015
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.064
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.015
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.254
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.472
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.254
CY2014 us-gaap Equity Method Investment Other Than Temporary Impairment
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5000000 USD
CY2015 us-gaap Equity Method Investment Other Than Temporary Impairment
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0 USD
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FinancialInstrumentsSoldNotYetPurchasedAtFairValue
334000000 USD
CY2015Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
794000000 USD
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FiniteLivedIntangibleAssetsAccumulatedAmortization
512000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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604000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
391000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
91000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
78000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
79000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
81000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
90000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1305000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1414000000 USD
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793000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
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810000000 USD
CY2013 us-gaap Gain Loss On Investments
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1694000000 USD
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CY2015 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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CY2013 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
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CY2014Q4 us-gaap General Partners Capital Account
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CY2015Q4 us-gaap General Partners Capital Account
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CY2014Q4 us-gaap Goodwill
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32000000 USD
CY2015 us-gaap Goodwill Acquired During Period
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81000000 USD
CY2013Q4 us-gaap Goodwill Gross
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2300000000 USD
CY2014Q4 us-gaap Goodwill Gross
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2329000000 USD
CY2015Q4 us-gaap Goodwill Gross
GoodwillGross
2404000000 USD
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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226000000 USD
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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329000000 USD
CY2015Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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900000000 USD
CY2014 us-gaap Goodwill Impairment Loss
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103000000 USD
CY2015 us-gaap Goodwill Impairment Loss
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571000000 USD
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CY2015 us-gaap Goodwill Translation Adjustments
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CY2014Q1 us-gaap Gross Profit
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CY2014Q3 us-gaap Gross Profit
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CY2014Q4 us-gaap Gross Profit
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184000000 USD
CY2015Q1 us-gaap Gross Profit
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440000000 USD
CY2015Q2 us-gaap Gross Profit
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655000000 USD
CY2015Q3 us-gaap Gross Profit
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496000000 USD
CY2015Q4 us-gaap Gross Profit
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272000000 USD
CY2014 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 USD
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2000000 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
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27000000 USD
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201000000 USD
CY2014 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 USD
CY2015 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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14000000 USD
CY2013 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
1419000000 USD
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CY2015 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
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CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1025000000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2326000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
68000000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
126000000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
115000000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2013 us-gaap Increase Decrease In Accounts Payable
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31000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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CY2015 us-gaap Increase Decrease In Accounts Payable
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CY2013 us-gaap Increase Decrease In Accounts Receivable
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CY2014 us-gaap Increase Decrease In Accounts Receivable
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CY2015 us-gaap Increase Decrease In Accounts Receivable
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CY2013 us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
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CY2014 us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
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CY2015 us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
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CY2013 us-gaap Increase Decrease In Deferred Income Taxes
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157000000 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
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191000000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
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30000000 USD
CY2013 us-gaap Increase Decrease In Inventories
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CY2014 us-gaap Increase Decrease In Inventories
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CY2015 us-gaap Increase Decrease In Inventories
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74000000 USD
CY2013 us-gaap Increase Decrease In Other Accrued Liabilities
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547000000 USD
CY2014 us-gaap Increase Decrease In Other Accrued Liabilities
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51000000 USD
CY2015 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2013 us-gaap Increase Decrease In Other Operating Assets
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154000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
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136000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
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234000000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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1045000000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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1000000 shares
CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2015Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
298000000 USD
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1088000000 USD
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1108000000 USD
CY2014Q4 us-gaap Intangible Assets Net Including Goodwill
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3088000000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
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2612000000 USD
CY2013 us-gaap Interest And Dividend Income Operating
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194000000 USD
CY2014 us-gaap Interest And Dividend Income Operating
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217000000 USD
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194000000 USD
CY2013 us-gaap Interest Expense
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560000000 USD
CY2014 us-gaap Interest Expense
InterestExpense
847000000 USD
CY2015 us-gaap Interest Expense
InterestExpense
1154000000 USD
CY2013 us-gaap Interest Paid Net
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482000000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
607000000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
602000000 USD
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
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1185000000 USD
CY2015Q4 us-gaap Inventory Finished Goods Net Of Reserves
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1510000000 USD
CY2014Q4 us-gaap Inventory Net
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CY2015Q4 us-gaap Inventory Net
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2259000000 USD
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
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450000000 USD
CY2015Q4 us-gaap Inventory Raw Materials Net Of Reserves
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457000000 USD
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
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244000000 USD
CY2015Q4 us-gaap Inventory Work In Process Net Of Reserves
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292000000 USD
CY2013 us-gaap Investment Sold Not Yet Purchased Sale Proceeds
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365000000 USD
CY2014 us-gaap Investment Sold Not Yet Purchased Sale Proceeds
InvestmentSoldNotYetPurchasedSaleProceeds
342000000 USD
CY2015 us-gaap Investment Sold Not Yet Purchased Sale Proceeds
InvestmentSoldNotYetPurchasedSaleProceeds
952000000 USD
CY2014Q4 us-gaap Investments
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14480000000 USD
CY2015Q4 us-gaap Investments
Investments
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23400000000 USD
CY2015Q4 us-gaap Liabilities
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
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35790000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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36442000000 USD
CY2014Q4 us-gaap Limited Partners Capital Account
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CY2015Q4 us-gaap Limited Partners Capital Account
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CY2015Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
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CY2014Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
123103414 shares
CY2015Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
131481059 shares
CY2014Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
11600000000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
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12200000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
5378000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
779000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2050000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1619000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1189000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1563000000 USD
CY2014Q4 us-gaap Minority Interest
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6947000000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
6046000000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
379000000 USD
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
642000000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
252000000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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908000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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2008000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
826000000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
717000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q3 us-gaap Net Income Loss
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CY2015Q2 us-gaap Net Income Loss
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CY2015Q4 us-gaap Net Income Loss
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CY2015 us-gaap Net Income Loss
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CY2015 us-gaap Net Income Loss Allocated To General Partners
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CY2013 us-gaap Net Income Loss Allocated To Limited Partners
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CY2015 us-gaap Net Income Loss Allocated To Limited Partners
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CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2014Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
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CY2015Q4 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
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CY2015 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
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CY2015 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
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CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
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CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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1161000000 USD
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1411000000 USD
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-21000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
54000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
76000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
68000000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
157000000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
385000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126000000 shares
CY2015 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU No.&#160;2014-09, creating a new topic, FASB ASC Topic 606, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;">, superseding revenue recognition requirements in FASB ASC Topic 605, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. In addition, an entity is required to disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. This ASU was amended by ASU No. 2015-14, issued in August 2015, which deferred the original effective date by one year; the effective date of this ASU is for fiscal years, and interim reporting periods within those years, beginning after December 15, 2017, using one of two retrospective application methods. Early adoption is permitted only as of the annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. We are currently evaluating the impact of this guidance on our consolidated financial position, results of operations, comprehensive income, cash flows and disclosures.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2014, the FASB issued ASU No.&#160;2014-12, which amends FASB ASC Topic 718, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation-Stock Compensation. </font><font style="font-family:inherit;font-size:10pt;">This ASU requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in FASB ASC Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. This ASU is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. We believe that the adoption of this guidance will not have a material impact on our consolidated financial position, results of operations, comprehensive income, cash flows and disclosures.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, the FASB issued ASU No. 2015-02, which amends FASB ASC Topic 810, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidations</font><font style="font-family:inherit;font-size:10pt;">. This ASU amends the current consolidation guidance, including introducing a separate consolidation analysis specific to limited partnerships and other similar entities.&#160;This ASU requires that limited partnerships and similar legal entities provide partners with either substantive kick-out rights or substantive participating rights over the general partner in order to be considered a voting interest entity.&#160;The specialized consolidation model and guidance for limited partnerships and similar legal entities have been eliminated. There is no longer a presumption that a general partner should consolidate a limited partnership. For limited partnerships and similar legal entities that qualify as voting interest entities, a limited partner with a controlling financial interest should consolidate a limited partnership. A controlling financial interest may be achieved through holding a limited partner interest that provides substantive kick-out rights. The standard is effective for annual periods beginning after December 15, 2015. We believe that the adoption of this guidance will not have a material effect on our consolidated financial position, results of operations, comprehensive income, cash flows and disclosures.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Presentation of Debt Issuance Costs, </font><font style="font-family:inherit;font-size:10pt;">which amends FASB ASC Subtopic 835-30, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest - Imputation of Interest. </font><font style="font-family:inherit;font-size:10pt;">The new standard requires that all costs incurred to issue debt be presented in the balance sheet as a direct deduction from the carrying value of the debt. Given the absence of authoritative guidance within this ASU regarding debt issuance costs related to line-of-credit, the SEC staff has stated that it would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred issuance costs ratably over the term of the line-of-credit arrangement. The standard is effective for interim and annual periods beginning after December 15, 2015 and is required to be applied on a retrospective basis. Early adoption is permitted. We expect that the adoption of this new guidance will generally result in a reclassification of debt issuance costs on our consolidated balance sheets.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU No. 2015-06, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 260, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Earnings Per Share</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires that for purposes of calculating earnings per share under the two-class method, the earnings or losses of a transferred business before the date of a dropdown transaction should be allocated entirely to the general partner. In that circumstance, the previously reported earnings per unit of the limited partners would not change as a result of the drop down transaction. The guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Earlier application is permitted. The adoption of this guidance will have no impact on our consolidated financial statements and footnote disclosures as we have historically allocated earnings or losses of a transferred business before the date of applicable dropdown transactions to the general partner for purposes of calculating earnings per share.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU No.&#160;2015-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Measurement of Inventory</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 330, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Inventory</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires entities to measure inventory at the lower of cost or net realizable value and eliminates the option that currently exists for measuring inventory at market value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. This ASU should be applied prospectively with earlier application permitted as of the beginning of an interim period or annual reporting period. We anticipate that the adoption of this guidance will have minimal impact on our consolidated financial position, results of operations, comprehensive income, cash flows and disclosures.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU No. 2015-16, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Accounting for Measurement-Period Adjustments</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 805, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations</font><font style="font-family:inherit;font-size:10pt;">. This ASU eliminates the requirement to retrospectively adjust provisional amounts recognized at the acquisition dates of business combinations. Rather, this ASU requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This ASU is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments in this ASU should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. We anticipate that the adoption of this guidance will have minimal impact on our consolidated financial position, results of operations, comprehensive income, cash flows and disclosures.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2015, the FASB issued ASU No. 2015-17, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Balance Sheet Classification of Deferred Taxes</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 740, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;">. Current GAAP requires an entity to separate income tax liabilities and assets into current and noncurrent amounts in a classified statement of financial position. This ASU requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted as of the beginning of an interim or annual reporting period. We have elected to early adopt this ASU for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> on a prospective basis. As we do not present a classified statement of position, this ASU will not have an impact on our consolidated financial position, results of operations, comprehensive income, cash flows and disclosures. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications from the prior year presentation have been made to conform to the current year presentation.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in Preparation of Financial Statements</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. The more significant estimates include: (1) the valuation allowances of accounts receivable and inventory; (2) the valuation of goodwill, indefinite-lived intangible assets and long-lived assets; (3) deferred tax assets; (4) environmental liabilities; (5) fair value of investments and derivatives; and (6) post-employment benefit liabilities. Actual results may differ from the estimates and assumptions used in preparing the consolidated financial statements.</font></div></div>

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