2018 Q4 Form 10-K Financial Statement

#000111080319000013 Filed on February 12, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q3
Revenue $867.0M $778.0M $662.0M
YoY Change 11.44% 28.17% 10.33%
Cost Of Revenue $277.0M $232.0M $228.0M
YoY Change 19.4% 28.18% 29.55%
Gross Profit $590.0M $542.0M $434.0M
YoY Change 8.86% 27.23% 2.36%
Gross Profit Margin 68.05% 69.67% 65.56%
Selling, General & Admin $217.0M $167.0M $161.0M
YoY Change 29.94% 20.14% 8.78%
% of Gross Profit 36.78% 30.81% 37.1%
Research & Development $176.0M $134.0M $130.0M
YoY Change 31.34% 6.35% 4.0%
% of Gross Profit 29.83% 24.72% 29.95%
Depreciation & Amortization $50.00M $41.00M $38.00M
YoY Change 21.95% 13.89% 12.43%
% of Gross Profit 8.47% 7.56% 8.76%
Operating Expenses $393.0M $301.0M $291.0M
YoY Change 30.56% 13.58% 11.07%
Operating Profit $197.0M $181.0M $143.0M
YoY Change 8.84% 12.42% -11.73%
Interest Expense -$7.000M $10.00M $8.000M
YoY Change -170.0% 11.11% 0.0%
% of Operating Profit -3.55% 5.52% 5.59%
Other Income/Expense, Net $19.00M -$6.000M -$2.000M
YoY Change -416.67% -14.29% -60.0%
Pretax Income $209.0M $175.0M $141.0M
YoY Change 19.43% 13.64% -10.19%
Income Tax $12.00M $23.00M $21.00M
% Of Pretax Income 5.74% 13.14% 14.89%
Net Earnings $210.0M $68.00M $128.0M
YoY Change 208.82% -47.29% 6.67%
Net Earnings / Revenue 24.22% 8.74% 19.34%
Basic Earnings Per Share $1.43 $0.47 $0.87
Diluted Earnings Per Share $1.41 $0.46 $0.87
COMMON SHARES
Basic Shares Outstanding 147.0M shares 146.0M shares 146.0M shares
Diluted Shares Outstanding 148.0M shares 147.0M shares

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.512B $2.041B $1.893B
YoY Change 72.07% 32.85% 32.81%
Cash & Equivalents $1.144B $1.225B $1.219B
Short-Term Investments $2.368B $687.0M $674.0M
Other Short-Term Assets $78.00M $54.00M $69.00M
YoY Change 44.44% 13.21% 103.54%
Inventory $386.0M $333.0M $309.0M
Prepaid Expenses
Receivables $514.0M $411.0M $372.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.490B $2.980B $2.643B
YoY Change 50.67% 30.83% 23.33%
LONG-TERM ASSETS
Property, Plant & Equipment $1.075B $931.0M $837.0M
YoY Change 15.47% 46.88% 63.68%
Goodwill $831.0M $771.0M $771.0M
YoY Change 7.78% -0.64% -0.64%
Intangibles $185.0M $175.0M $196.0M
YoY Change 5.71% -31.52% -26.99%
Long-Term Investments $29.00M $14.00M $15.00M
YoY Change 107.14%
Other Assets $308.0M $312.0M $308.0M
YoY Change -1.28% 204.52% 208.65%
Total Long-Term Assets $2.469B $2.277B $2.215B
YoY Change 8.43% 16.77% 20.25%
TOTAL ASSETS
Total Short-Term Assets $4.490B $2.980B $2.643B
Total Long-Term Assets $2.469B $2.277B $2.215B
Total Assets $6.959B $5.257B $4.858B
YoY Change 32.38% 24.34% 21.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $184.0M $160.0M $175.0M
YoY Change 15.0% 19.32% -30.19%
Accrued Expenses $513.0M $432.0M $378.0M
YoY Change 18.75% 37.05% 14.43%
Deferred Revenue $175.0M $150.0M
YoY Change 16.67%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.107B $10.00M $5.000M
YoY Change 10970.0% 700.0% 878.47%
Total Short-Term Liabilities $1.804B $746.0M $682.0M
YoY Change 141.82% 18.63% 17.28%
LONG-TERM LIABILITIES
Long-Term Debt $890.0M $1.182B $1.169B
YoY Change -24.7% 13.57% 13.34%
Other Long-Term Liabilities $359.0M $360.0M $212.0M
YoY Change -0.28% 76.23% 6.76%
Total Long-Term Liabilities $1.249B $1.542B $1.381B
YoY Change -19.0% 23.85% 12.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.804B $746.0M $682.0M
Total Long-Term Liabilities $1.249B $1.542B $1.381B
Total Liabilities $3.053B $2.288B $2.063B
YoY Change 33.44% 22.1% 13.89%
SHAREHOLDERS EQUITY
Retained Earnings $3.083B $2.256B $2.025B
YoY Change 36.66% 65.68% 64.27%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 6.27% 6.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.616B $2.341B $2.148B
YoY Change 11.75% 25.68% 16.36%
Treasury Stock Shares 45.00M shares 44.00M shares
Shareholders Equity $3.758B $2.749B $2.715B
YoY Change
Total Liabilities & Shareholders Equity $6.959B $5.257B $4.858B
YoY Change 32.38% 24.34% 21.9%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $210.0M $68.00M $128.0M
YoY Change 208.82% -47.29% 6.67%
Depreciation, Depletion And Amortization $50.00M $41.00M $38.00M
YoY Change 21.95% 13.89% 12.43%
Cash From Operating Activities $300.0M $235.0M $178.0M
YoY Change 27.66% 33.52% -40.92%
INVESTING ACTIVITIES
Capital Expenditures -$65.00M -$84.00M -$69.00M
YoY Change -22.62% 23.53% 2.07%
Acquisitions
YoY Change
Other Investing Activities -$283.0M -$13.00M $104.0M
YoY Change 2076.92% -95.24% -6.39%
Cash From Investing Activities -$348.0M -$97.00M $35.00M
YoY Change 258.76% -71.55% -19.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -154.0M -5.000M 24.00M
YoY Change 2980.0% -155.56% -116.25%
NET CHANGE
Cash From Operating Activities 300.0M 235.0M 178.0M
Cash From Investing Activities -348.0M -97.00M 35.00M
Cash From Financing Activities -154.0M -5.000M 24.00M
Net Change In Cash -202.0M 133.0M 237.0M
YoY Change -251.88% -185.26% 20.18%
FREE CASH FLOW
Cash From Operating Activities $300.0M $235.0M $178.0M
Capital Expenditures -$65.00M -$84.00M -$69.00M
Free Cash Flow $365.0M $319.0M $247.0M
YoY Change 14.42% 30.74% -33.04%

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150000000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
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70000000 USD
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20000000 USD
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30000000 USD
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28000000 USD
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26000000 USD
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32000000 USD
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45000000 USD
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5000000 USD
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44000000 USD
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CY2018 us-gaap Earnings Per Share Diluted
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P2Y6M
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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50000000 USD
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CY2017Q4 us-gaap Gross Profit
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CY2017 us-gaap Gross Profit
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CY2018Q3 us-gaap Gross Profit
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CY2018 us-gaap Gross Profit
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1043000000 USD
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12000000 USD
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CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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196000000 USD
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365000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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188000000 USD
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3000000 USD
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CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
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9000000 USD
CY2017 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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150000000 USD
CY2018 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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11000000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
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10000000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
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19000000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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13000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
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13000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
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12000000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
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23000000 USD
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60000000 USD
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149000000 USD
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99000000 USD
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10000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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45000000 USD
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26000000 USD
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105000000 USD
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81000000 USD
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30000000 USD
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33000000 USD
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53000000 USD
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7000000 USD
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5000000 USD
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160000000 USD
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2000000 shares
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185000000 USD
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117000000 USD
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188000000 USD
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10000000 USD
CY2017 us-gaap Investment Income Interest
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19000000 USD
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6959000000 USD
CY2017Q4 us-gaap Liabilities Current
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746000000 USD
CY2018Q4 us-gaap Liabilities Current
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1804000000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10000000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1107000000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1182000000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
890000000 USD
CY2017 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
-9000000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
87000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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-296000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-176000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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594000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-515000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-214000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1813000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
779000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
875000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1142000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
463000000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
367000000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
128000000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
163000000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
68000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
726000000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
208000000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
209000000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
199000000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
210000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
826000000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-35000000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-48000000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-44000000 USD
CY2017 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
449000000 USD
CY2017 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
719000000 USD
CY2018 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
816000000 USD
CY2017 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
55000000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
2000000 USD
CY2018 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5000000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-26000000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
437000000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11000000 USD
CY2018 us-gaap Number Of Reportable Segments
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2 segment
CY2017 us-gaap Operating Expenses
OperatingExpenses
1079000000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
1220000000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
1417000000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
587000000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
606000000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
883000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
745000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
59000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
61000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
61000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
61000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
64000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
439000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
68000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
11000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
11000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
12000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
11000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
11000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
12000000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
46000000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
46000000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
55000000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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55000000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
63000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
312000000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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308000000 USD
CY2018Q4 us-gaap Other Commitment
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100000000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-1000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
360000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
359000000 USD
CY2017Q4 us-gaap Other Long Term Debt
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4000000 USD
CY2018Q4 us-gaap Other Long Term Debt
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3000000 USD
CY2017 us-gaap Other Noncash Income Expense
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-2000000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1000000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
17000000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
455000000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
24000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
249000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
251000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
201000000 USD
CY2017 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
29000000 USD
CY2017 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
3000000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
100000000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
68000000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
74000000 USD
CY2018 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
100000000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
895000000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
742000000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2859000000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18000000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
100000000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
11000000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
260000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
310000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
296000000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
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91000000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
78000000 USD
CY2017 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
278000000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
47000000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
71000000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
46000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
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735000000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
140000000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
321000000 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
860000000 USD
CY2017 us-gaap Proceeds From Minority Shareholders
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89000000 USD
CY2017 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
79000000 USD
CY2018 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
92000000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
543000000 USD
CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
322000000 USD
CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
597000000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7000000 USD
CY2016Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
17000000 USD
CY2017Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13000000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
17000000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
19000000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
25000000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
21000000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
25000000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
22000000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
26000000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
27000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
428000000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
348000000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
120000000 USD
CY2017Q4 us-gaap Profit Loss
ProfitLoss
152000000 USD
CY2017Q4 us-gaap Profit Loss
ProfitLoss
58000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
678000000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
197000000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
200000000 USD
CY2018Q3 us-gaap Profit Loss
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188000000 USD
CY2018Q4 us-gaap Profit Loss
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198000000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
782000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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1347000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1596000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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931000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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1075000000 USD
CY2017 us-gaap Reclassifications Of Temporary To Permanent Equity
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-2000000 USD
CY2017 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
-13000000 USD
CY2018 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
-2000000 USD
CY2017 us-gaap Repayments Of Debt And Capital Lease Obligations
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66000000 USD
CY2017 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
9000000 USD
CY2018 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
4000000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
504000000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
546000000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
623000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2256000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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3083000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2398000000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
598000000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
662000000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
714000000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
778000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2752000000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
782000000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
830000000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
853000000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
867000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3333000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
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909000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P1Y
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Percentage
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0.80
CY2017 us-gaap Share Based Compensation
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164000000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
193000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
192000 shares
CY2017 us-gaap Selling General And Administrative Expense
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584000000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
674000000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
794000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
129000000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
54.52
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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71000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
101000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
33000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
47000000 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1599000 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1045000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
322000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
192000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
41.95
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
48.56
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.93
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.52
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
29.41
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
49.31
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
35.68
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
46.35
CY2018Q4 us-gaap Share Price
SharePrice
298.23
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
47000000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y5M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y5M
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
920000000 USD
CY2018Q4 us-gaap Short Term Investments
ShortTermInvestments
2368000000 USD
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
552000 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
723000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
130000 shares
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7000000 USD
CY2017 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
3000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2749000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
3758000000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1849000000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2270000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2749000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3845000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
50000000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
82000000 USD
CY2017 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
21000000 USD
CY2017 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
136000000 USD
CY2016Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
33000000 USD
CY2017Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
44000000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
220000000 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
61000000 USD
CY2017 us-gaap Temporary Equity Issue Period Increase Or Decrease
TemporaryEquityIssuePeriodIncreaseOrDecrease
79000000 USD
CY2017 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-21000000 USD
CY2017 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-41000000 USD
CY2018 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-34000000 USD
CY2017 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
9000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
44000000 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
45000000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2341000000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2616000000 USD
CY2018Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
973000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
56000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
65000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
79000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
88000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
11000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
3000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
13000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
14000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
12000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
70000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
78000000 USD
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
93000000 USD
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
20000000 USD
CY2018Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
113000000 USD
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147000000 shares
CY2018 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the current period presentation.</font></div></div>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International sales entail a variety of risks, including currency exchange fluctuations, longer payment cycles, and greater difficulty in accounts receivable collection. We are also subject to general geopolitical risks, such as political, social and economic instability, and changes in diplomatic and trade relations. The risks of international sales are mitigated in part by the extent to which sales are geographically distributed. </font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Historically, we have not experienced significant credit losses from investments and accounts receivable. </font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We operate in markets that are highly competitive and rapidly changing. Significant technological changes, shifting customer needs, the emergence of competitive products or services with new capabilities, and other factors could negatively impact our operating results. A portion of our customers consist of university and research institutions that management believes are, to some degree, directly or indirectly supported by the United States Government. A significant change in current research funding, particularly with respect to the U.S. National Institutes of Health, could have an adverse impact on future revenues and results of operations. </font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are also subject to risks related to our financial instruments, including cash and cash equivalents, investments, and accounts receivable. Most of our cash and cash equivalents as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;30, 2018</font><font style="font-family:inherit;font-size:10pt;"> were deposited with U.S. financial institutions, either domestically or with their foreign branches. Our investment policy restricts the amount of credit exposure to any one issuer to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">5%</font><font style="font-family:inherit;font-size:10pt;"> of the portfolio or </font><font style="font-family:inherit;font-size:10pt;">5%</font><font style="font-family:inherit;font-size:10pt;"> of the total issue size outstanding at the time of purchase and to any one industry sector, as defined by Clearwater Analytics (Industry Sector Report), to </font><font style="font-family:inherit;font-size:10pt;">30%</font><font style="font-family:inherit;font-size:10pt;"> of the portfolio at the time of purchase. There is no limit to the percentage of the portfolio that may be maintained in debt securities, U.S.&#160;government-sponsored entities, U.S.&#160;Treasury securities, and money market funds. </font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We require customized products and components that currently are available from a limited number of sources. We source certain key products and components included in our products from single vendors. </font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We perform regular reviews of customer activity and associated credit risks and do not require collateral or enter into netting arrangements.</font></div></div>
CY2018 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our fiscal year is the 52 or 53&#160;weeks ending the Sunday closest to December&#160;31, with quarters of 13 or 14&#160;weeks ending the Sunday closest to March&#160;31, June&#160;30, September&#160;30, and December&#160;31. The years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;30, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">January&#160;1, 2017</font><font style="font-family:inherit;font-size:10pt;"> were all 52 weeks. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements requires that management make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures of contingent assets and liabilities. Actual results could differ from those estimates.</font></div></div>

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