2017 Q3 Form 10-Q Financial Statement
#000081376217000026 Filed on August 08, 2017
Income Statement
Concept | 2017 Q3 | 2017 Q2 | 2016 Q2 |
---|---|---|---|
Revenue | $3.406B | $4.353B | $4.350B |
YoY Change | -30.48% | 0.07% | -12.72% |
Cost Of Revenue | $2.054B | $2.068B | $3.448B |
YoY Change | -39.19% | -40.02% | 3.73% |
Gross Profit | $328.0M | $259.0M | $646.0M |
YoY Change | -37.64% | -59.91% | -1.37% |
Gross Profit Margin | 9.63% | 5.95% | 14.85% |
Selling, General & Admin | $323.0M | $307.0M | $615.0M |
YoY Change | -46.43% | -50.08% | 16.48% |
% of Gross Profit | 98.48% | 118.53% | 95.2% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $130.0M | $136.0M | $251.0M |
YoY Change | -49.61% | -45.82% | 20.1% |
% of Gross Profit | 39.63% | 52.51% | 38.85% |
Operating Expenses | $323.0M | $307.0M | $615.0M |
YoY Change | -46.43% | -50.08% | 16.48% |
Operating Profit | $5.000M | -$48.00M | $31.00M |
YoY Change | -106.49% | -254.84% | -75.59% |
Interest Expense | $164.0M | $177.0M | $202.0M |
YoY Change | -26.13% | -12.38% | -29.62% |
% of Operating Profit | 3280.0% | 651.61% | |
Other Income/Expense, Net | $19.00M | -$1.000M | $12.00M |
YoY Change | 35.71% | -108.33% | -36.84% |
Pretax Income | $818.0M | $1.670B | -$235.0M |
YoY Change | 223.32% | -810.64% | -135.93% |
Income Tax | $18.00M | $3.000M | $50.00M |
% Of Pretax Income | 2.2% | 0.18% | |
Net Earnings | $597.0M | $1.553B | -$69.00M |
YoY Change | -3831.25% | -2350.72% | -132.55% |
Net Earnings / Revenue | 17.53% | 35.68% | -1.59% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $3.530M | $9.513M | -$497.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 164.8M shares | 160.2M shares | 135.0M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q3 | 2017 Q2 | 2016 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.037B | $3.408B | $2.614B |
YoY Change | 12.73% | 30.37% | -33.38% |
Cash & Equivalents | $2.038B | $2.389B | $1.920B |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $3.256B | $3.142B | $2.861B |
Prepaid Expenses | |||
Receivables | $1.853B | $1.757B | $1.796B |
Other Receivables | $1.006B | $1.391B | $0.00 |
Total Short-Term Assets | $9.152B | $9.698B | $7.271B |
YoY Change | 24.08% | 33.38% | -12.29% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.631B | $9.610B | $11.44B |
YoY Change | -15.86% | -16.01% | 18.37% |
Goodwill | $1.199B | $1.168B | $1.188B |
YoY Change | 5.08% | -1.68% | -43.02% |
Intangibles | $1.072B | $1.063B | $1.138B |
YoY Change | -3.16% | -6.59% | -0.18% |
Long-Term Investments | $9.748B | $9.302B | $9.875B |
YoY Change | -2.39% | -5.8% | -31.74% |
Other Assets | $410.0M | $549.0M | |
YoY Change | |||
Total Long-Term Assets | $23.67B | $22.86B | $25.28B |
YoY Change | -7.95% | -9.57% | -12.79% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.152B | $9.698B | $7.271B |
Total Long-Term Assets | $23.67B | $22.86B | $25.28B |
Total Assets | $32.82B | $32.56B | $32.55B |
YoY Change | -0.81% | 0.02% | -12.68% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.696B | $2.693B | $4.210B |
YoY Change | -43.21% | -36.03% | -23.05% |
Accrued Expenses | $3.566B | $3.440B | $2.578B |
YoY Change | 44.08% | 33.44% | 0.08% |
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 | $6.262B | $6.133B | $6.788B |
YoY Change | -13.29% | -9.65% | -15.65% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $11.20B | $11.29B | $12.97B |
YoY Change | -13.67% | -12.98% | 7.0% |
Other Long-Term Liabilities | $2.481B | $2.951B | $2.518B |
YoY Change | 2.78% | 17.2% | 7.51% |
Total Long-Term Liabilities | $13.68B | $14.24B | $15.49B |
YoY Change | -11.09% | -8.08% | 7.09% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.262B | $6.133B | $6.788B |
Total Long-Term Liabilities | $13.68B | $14.24B | $15.49B |
Total Liabilities | $21.62B | $22.03B | $23.95B |
YoY Change | -10.99% | -8.04% | 0.49% |
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 | $4.784B | $4.231B | $2.526B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $32.82B | $32.56B | $32.55B |
YoY Change | -0.81% | 0.02% | -12.68% |
Cashflow Statement
Concept | 2017 Q3 | 2017 Q2 | 2016 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $597.0M | $1.553B | -$69.00M |
YoY Change | -3831.25% | -2350.72% | -132.55% |
Depreciation, Depletion And Amortization | $130.0M | $136.0M | $251.0M |
YoY Change | -49.61% | -45.82% | 20.1% |
Cash From Operating Activities | $195.0M | -$486.0M | $382.0M |
YoY Change | -40.91% | -227.23% | 12.68% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $102.0M | $124.0M | $211.0M |
YoY Change | -47.42% | -41.23% | -42.35% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$80.00M | $989.0M | -$93.00M |
YoY Change | -988.89% | -1163.44% | -83.21% |
Cash From Investing Activities | -$181.0M | $988.0M | -$304.0M |
YoY Change | -2.16% | -425.0% | -66.96% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -215.0M | -170.0M | -26.00M |
YoY Change | 264.41% | 553.85% | -80.74% |
NET CHANGE | |||
Cash From Operating Activities | 195.0M | -486.0M | 382.0M |
Cash From Investing Activities | -181.0M | 988.0M | -304.0M |
Cash From Financing Activities | -215.0M | -170.0M | -26.00M |
Net Change In Cash | -201.0M | 332.0M | 52.00M |
YoY Change | -333.72% | 538.46% | -107.26% |
FREE CASH FLOW | |||
Cash From Operating Activities | $195.0M | -$486.0M | $382.0M |
Capital Expenditures | $102.0M | $124.0M | $211.0M |
Free Cash Flow | $93.00M | -$610.0M | $171.0M |
YoY Change | -31.62% | -456.73% | -733.33% |
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|
251000000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
481000000 | USD | |
CY2017Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
252000000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
495000000 | USD | |
us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
3000000 | USD | |
CY2017Q2 | us-gaap |
Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion
|
60000000 | USD |
us-gaap |
Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion
|
46000000 | USD | |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
54000000 | USD | |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
40000000 | USD | |
CY2017Q1 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
1.50 | |
CY2017Q2 | us-gaap |
Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
|
1.50 | |
CY2017Q2 | us-gaap |
Distribution Made To Limited Partner Unit Distribution
DistributionMadeToLimitedPartnerUnitDistribution
|
4335685 | shares |
CY2017Q2 | us-gaap |
Distribution Made To Limited Partner Unit Distribution
DistributionMadeToLimitedPartnerUnitDistribution
|
4556977 | shares |
CY2016Q2 | us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
1.50 | |
us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
3.00 | ||
CY2017Q2 | us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
1.50 | |
us-gaap |
Distributions Per Limited Partnership Unit Outstanding
DistributionsPerLimitedPartnershipUnitOutstanding
|
3.00 | ||
CY2016Q4 | us-gaap |
Due From Correspondent Brokers
DueFromCorrespondentBrokers
|
1482000000 | USD |
CY2017Q2 | us-gaap |
Due From Correspondent Brokers
DueFromCorrespondentBrokers
|
1391000000 | USD |
CY2016Q4 | us-gaap |
Due To Correspondent Brokers
DueToCorrespondentBrokers
|
3725000000 | USD |
CY2017Q2 | us-gaap |
Due To Correspondent Brokers
DueToCorrespondentBrokers
|
676000000 | USD |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-18000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
7000000 | USD | |
CY2016Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.213 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.036 | ||
CY2017Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.009 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.026 | ||
CY2016Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | ||
CY2017Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | ||
CY2016Q4 | us-gaap |
Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
|
1139000000 | USD |
CY2017Q2 | us-gaap |
Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
|
1729000000 | USD |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
691000000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
738000000 | USD |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1429000000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1459000000 | USD |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
738000000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
721000000 | USD |
CY2016Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1000000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
11000000 | USD | |
CY2017Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1525000000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1520000000 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-627000000 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
1064000000 | USD | |
CY2016Q2 | us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
-308000000 | USD |
us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
-1244000000 | USD | |
CY2017Q2 | us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
314000000 | USD |
us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
184000000 | USD | |
CY2016Q4 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
-294000000 | USD |
CY2017Q2 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
-253000000 | USD |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
1136000000 | USD |
CY2017Q2 | us-gaap |
Goodwill
Goodwill
|
1168000000 | USD |
CY2016Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
1673000000 | USD |
CY2017Q2 | us-gaap |
Goodwill Gross
GoodwillGross
|
1705000000 | USD |
CY2016Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
537000000 | USD |
CY2017Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
537000000 | USD |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-235000000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1828000000 | USD | |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1741000000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1607000000 | USD | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
50000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
66000000 | USD | |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
42000000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
52000000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
65000000 | USD | |
us-gaap |
Increase Decrease In Broker Dealer Related Receivables Payables Net
IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
|
5046000000 | USD | |
us-gaap |
Increase Decrease In Broker Dealer Related Receivables Payables Net
IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
|
2904000000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-4000000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
9000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-517000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-160000000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-589000000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
217000000 | USD | |
CY2016Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
342000000 | USD |
CY2017Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
342000000 | USD |
CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1080000000 | USD |
CY2017Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1063000000 | USD |
CY2016Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
2216000000 | USD |
CY2017Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
2231000000 | USD |
CY2016Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
28000000 | USD |
CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
202000000 | USD |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
70000000 | USD | |
CY2017Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
33000000 | USD |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
62000000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
443000000 | USD | |
CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
|
218000000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
441000000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
318000000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
326000000 | USD | |
CY2016Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2201000000 | USD |
CY2017Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2441000000 | USD |
CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
2983000000 | USD |
CY2017Q2 | us-gaap |
Inventory Net
InventoryNet
|
3142000000 | USD |
CY2016Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
483000000 | USD |
CY2017Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
361000000 | USD |
CY2016Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
299000000 | USD |
CY2017Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
340000000 | USD |
us-gaap |
Investment Sold Not Yet Purchased Sale Proceeds
InvestmentSoldNotYetPurchasedSaleProceeds
|
475000000 | USD | |
us-gaap |
Investment Sold Not Yet Purchased Sale Proceeds
InvestmentSoldNotYetPurchasedSaleProceeds
|
1222000000 | USD | |
CY2016Q4 | us-gaap |
Investments
Investments
|
9881000000 | USD |
CY2017Q2 | us-gaap |
Investments
Investments
|
9302000000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
25318000000 | USD |
CY2017Q2 | us-gaap |
Liabilities
Liabilities
|
22027000000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
33335000000 | USD |
CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
32557000000 | USD |
CY2016Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
1779000000 | USD |
CY2017Q2 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
12000000 | USD |
CY2016Q4 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
2448000000 | USD |
CY2017Q2 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
4484000000 | USD |
CY2016Q4 | us-gaap |
Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
|
144741149 | shares |
CY2017Q2 | us-gaap |
Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
|
164807945 | shares |
CY2016Q4 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
144741149 | shares |
CY2017Q2 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
164807945 | shares |
CY2016Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
11200000000 | USD |
CY2017Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
11500000000 | USD |
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
5863000000 | USD |
CY2017Q2 | us-gaap |
Minority Interest
MinorityInterest
|
6299000000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
338000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1073000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1482000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
515000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
992000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1152000000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-69000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-906000000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1553000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1535000000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
-1000000 | USD |
us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
-18000000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
31000000 | USD |
us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
31000000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
-68000000 | USD |
us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
-888000000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
1522000000 | USD |
us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
1504000000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-216000000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-988000000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
172000000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
30000000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
-0.50 | |
us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
-6.68 | ||
CY2017Q2 | us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
9.51 | |
us-gaap |
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
|
9.77 | ||
CY2016Q2 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
-0.50 | |
us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
-6.68 | ||
CY2017Q2 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
9.51 | |
us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
|
9.77 | ||
us-gaap |
Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
|
0 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
|
51000000 | USD | |
CY2016Q4 | us-gaap |
Other Assets
OtherAssets
|
1039000000 | USD |
CY2017Q2 | us-gaap |
Other Assets
OtherAssets
|
1167000000 | USD |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
1000000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
1000000 | USD | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
3000000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
3000000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-55000000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2000000 | USD | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
21000000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
121000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
9000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
0 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-4000000 | USD |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-10000000 | USD | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-5000000 | USD |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-10000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
-10000000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
0 | USD | |
CY2016Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
314000000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
560000000 | USD | |
CY2017Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
278000000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
532000000 | USD | |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
12000000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
29000000 | USD | |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
13000000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000000 | USD | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
74000000 | USD | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
62000000 | USD | |
CY2016Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
523000000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
969000000 | USD | |
CY2017Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
487000000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
962000000 | USD | |
us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
1000000 | USD | |
us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
612000000 | USD | |
us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
54000000 | USD | |
us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
40000000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
30000000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-6000000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1042000000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
303000000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
1211000000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
613000000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
421000000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
470000000 | USD | |
CY2016Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
211000000 | USD |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
421000000 | USD | |
CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
239000000 | USD |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
470000000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
51000000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
24000000 | USD | |
CY2016Q4 | us-gaap |
Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
|
1180000000 | USD |
CY2017Q2 | us-gaap |
Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
|
1210000000 | USD |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
1190000000 | USD | |
us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
1368000000 | USD | |
us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
1941000000 | USD | |
us-gaap |
Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
|
1000000 | USD | |
us-gaap |
Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
|
612000000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-17000000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
6000000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
5880000000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
1841000000 | USD | |
us-gaap |
Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
|
11000000 | USD | |
us-gaap |
Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
|
1282000000 | USD | |
CY2016Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-285000000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
-1894000000 | USD | |
CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1725000000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
1565000000 | USD | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10122000000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9610000000 | USD |
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
1399000000 | USD | |
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
2037000000 | USD | |
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
0 | USD | |
us-gaap |
Restructuring Charges
RestructuringCharges
|
21000000 | USD | |
CY2017Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2000000 | USD |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
4350000000 | USD |
us-gaap |
Revenues
Revenues
|
7477000000 | USD | |
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
1175000000 | USD | |
CY2016Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
804000000 | USD |
CY2017Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1019000000 | USD |
CY2016Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
6000000 | USD |
CY2017Q2 | us-gaap |
Revenues
Revenues
|
6654000000 | USD |
us-gaap |
Revenues
Revenues
|
11331000000 | USD | |
CY2016Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
4094000000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
7642000000 | USD | |
CY2017Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
4282000000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
8601000000 | USD | |
CY2016Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
615000000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1133000000 | USD | |
CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
623000000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1250000000 | USD | |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
2358 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
3030 | shares | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
11171104 | shares | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
35000000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
600000000 | USD | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2154000000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4231000000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10033000000 | USD |
CY2016Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8598000000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
8017000000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10530000000 | USD |
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
40000000 | USD | |
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-274000000 | USD | |
CY2016Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
135000000 | shares |
us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
133000000 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
160000000 | shares |
us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
154000000 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
135000000 | shares |
us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
133000000 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
160000000 | shares |
us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
154000000 | shares | |
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. 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. In addition, the FASB issued other amendments during 2016 to FASB ASC Topic 606 that include implementation guidance to principal versus agent considerations, guidance to identifying performance obligations and licensing guidance and other narrow scope improvements. We have developed an implementation plan to adopt this new ASU. As part of this plan, we are continuing to assess the impact of this new standard on our business processes, business and accounting systems, and consolidated financial statements and related disclosures. We expect to complete our assessment within the next several months after which we will initiate the design and implementation phases of the plan, including implementing any changes to existing business processes and systems to accommodate these new standards, during 2017. We will adopt these new standards on January 1, 2018 using the modified retrospective application method. To date, we have not identified any material differences in our existing revenue recognition methods that would require modification under the new 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 January 2016, the FASB issued ASU No. 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Overall</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 825, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires that equity investments (except those accounted for under the equity method of accounting or those that result in the consolidation of the investee) to be measured at fair value with changes recognized in earnings. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment. In addition, there were other amendments to certain disclosure and presentation matters pertaining to financial instruments, including the requirement of an entity to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. This ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The amendments in this ASU should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values should be applied prospectively to equity investments that exist as of the date of adoption. Early application is permitted for certain matters only. We are currently evaluating the impact of this guidance on our consolidated 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;">In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842)</font><font style="font-family:inherit;font-size:10pt;">, which supersedes FASB ASC Topic 840, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous guidance. In addition, among other changes to the accounting for leases, this ASU retains the distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous guidance. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The amendments in this ASU should be applied using a modified retrospective approach. Early application is permitted. We anticipate our assessment and implementation plan to be ongoing during the remainder of 2017 and into 2018 and are currently unable to reasonably estimate the impact of this guidance on our consolidated 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;">In June 2016, the FASB issued ASU No. 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 326, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses. </font><font style="font-family:inherit;font-size:10pt;">This ASU requires financial assets measured at amortized cost to be presented at the net amount to be collected and broadens the information, including forecasted information incorporating more timely information, that an entity must consider in developing its expected credit loss estimate for assets measured. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early application is permitted for fiscal years beginning after December 15, 2018. We are currently evaluating the impact of this guidance on our consolidated 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;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Classification of Certain Cash Receipts and Cash Payment</font><font style="font-family:inherit;font-size:10pt;">s, which amends FASB ASC Topic 230, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows. </font><font style="font-family:inherit;font-size:10pt;">This ASU seeks to reduce the diversity currently in practice by providing guidance on the presentation of eight specific cash flow issues in the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. We are currently evaluating the impact of this guidance on our consolidated statements of cash flows.</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 2016, the FASB issued ASU No. 2016-18, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted Cash</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 230, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires that the statement of cash flows explain the change during the period total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of this guidance on our consolidated 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;">In March 2017, the FASB issued ASU No. 2017-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost</font><font style="font-family:inherit;font-size:10pt;">, which amends FASB ASC Topic 715, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Retirement Benefits</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires entities to present the service cost component of net periodic benefit cost in the same line item or items in the financial statements as other compensation costs arising from services rendered by the pertinent employees during the period. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of this guidance on our consolidated 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;">In May 2017, the FASB issued ASU No. 2017-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Scope of Modification Accounting</font><font style="font-family:inherit;font-size:10pt;">, 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 provides updated guidance about which changes to the terms and conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of this guidance on our consolidated financial statements.</font></div></div> |