2017 Q4 Form 10-K Financial Statement

#000005143418000008 Filed on February 22, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017
Revenue $5.711B $5.517B $21.74B
YoY Change 14.22% 13.43% 11.53%
Cost Of Revenue $3.702B $4.024B $14.80B
YoY Change 36.5% 11.1% 5.3%
Gross Profit $2.009B $1.493B $6.941B
YoY Change 85.16% 20.21% 27.64%
Gross Profit Margin 35.18% 27.06% 31.92%
Selling, General & Admin $852.0M $401.0M $1.621B
YoY Change 42.47% 5.53% 11.18%
% of Gross Profit 42.41% 26.86% 23.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $348.0M $350.0M $1.343B
YoY Change 6.1% 11.46% 19.48%
% of Gross Profit 17.32% 23.44% 19.35%
Operating Expenses $1.191B $401.0M $1.621B
YoY Change 44.71% 5.53% 11.18%
Operating Profit $818.0M $674.0M $5.320B
YoY Change 212.21% 9.95% 33.67%
Interest Expense -$140.0M $198.0M $758.0M
YoY Change 2.94% 9.39% 9.06%
% of Operating Profit -17.11% 29.38% 14.25%
Other Income/Expense, Net -$398.0M -$49.00M -$531.0M
YoY Change 2350.0% 10520.0%
Pretax Income $197.0M $457.0M $297.0M
YoY Change -19.26% 42.81% -27.74%
Income Tax $13.00M $136.0M -$1.085B
% Of Pretax Income 6.6% 29.76% -365.32%
Net Earnings $1.460B $395.0M $2.144B
YoY Change 569.72% 26.6% 137.17%
Net Earnings / Revenue 25.56% 7.16% 9.86%
Basic Earnings Per Share $3.54 $0.96 $5.19
Diluted Earnings Per Share $3.50 $0.95 $5.13
COMMON SHARES
Basic Shares Outstanding 412.9M shares 412.9M shares 412.7M shares
Diluted Shares Outstanding 417.4M shares 417.7M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.018B $998.0M $1.018B
YoY Change -1.45% -61.05% -1.45%
Cash & Equivalents $1.018B $998.0M $1.018B
Short-Term Investments $0.00
Other Short-Term Assets $282.0M $405.0M $1.659B
YoY Change 47.64% 80.0% 200.54%
Inventory $2.313B $2.465B $2.313B
Prepaid Expenses
Receivables $3.287B $3.343B $3.287B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.277B $7.211B $8.277B
YoY Change 24.09% -11.01% 24.09%
LONG-TERM ASSETS
Property, Plant & Equipment $13.27B $14.07B $13.71B
YoY Change 2.01% 15.24% 1.89%
Goodwill $3.411B $3.420B
YoY Change 1.4% 1.73%
Intangibles
YoY Change
Long-Term Investments $7.441B $7.383B $7.441B
YoY Change 0.65% 0.41% 0.65%
Other Assets $1.061B $1.266B $1.061B
YoY Change -10.77% 11.94% -51.93%
Total Long-Term Assets $13.71B $26.60B $25.63B
YoY Change 1.89% 8.59% -3.02%
TOTAL ASSETS
Total Short-Term Assets $8.277B $7.211B $8.277B
Total Long-Term Assets $13.71B $26.60B $25.63B
Total Assets $33.90B $33.81B $33.90B
YoY Change 2.45% 3.72% 2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.458B $2.408B $2.458B
YoY Change 11.78% 18.56% 11.78%
Accrued Expenses $485.0M $447.0M $485.0M
YoY Change 20.95% 13.45% 20.95%
Deferred Revenue $53.00M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $311.0M $958.0M $311.0M
YoY Change 30.13% 1128.21% 30.13%
Total Short-Term Liabilities $5.102B $4.869B $5.102B
YoY Change 25.39% 37.5% 25.39%
LONG-TERM LIABILITIES
Long-Term Debt $10.85B $11.37B $10.85B
YoY Change -2.07% 5.08% -2.07%
Other Long-Term Liabilities $567.0M $460.0M $9.123B
YoY Change 28.57% 8.49% -12.81%
Total Long-Term Liabilities $11.41B $11.83B $19.97B
YoY Change -0.89% 5.21% -7.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.102B $4.869B $5.102B
Total Long-Term Liabilities $11.41B $11.83B $19.97B
Total Liabilities $16.52B $16.70B $27.38B
YoY Change 5.97% 12.94% -4.77%
SHAREHOLDERS EQUITY
Retained Earnings $6.180B $4.918B
YoY Change 28.27% 2.61%
Common Stock $6.655B $6.625B
YoY Change 0.26% -0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.680B $1.680B
YoY Change -4.16% -4.27%
Treasury Stock Shares 35.98M shares
Shareholders Equity $6.522B $4.914B $6.522B
YoY Change
Total Liabilities & Shareholders Equity $33.90B $33.81B $33.90B
YoY Change 2.45% 3.72% 2.45%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017
OPERATING ACTIVITIES
Net Income $1.460B $395.0M $2.144B
YoY Change 569.72% 26.6% 137.17%
Depreciation, Depletion And Amortization $348.0M $350.0M $1.343B
YoY Change 6.1% 11.46% 19.48%
Cash From Operating Activities $1.188B -$705.0M $1.757B
YoY Change 30.26% -306.74% -29.1%
INVESTING ACTIVITIES
Capital Expenditures -$456.0M -$271.0M -$1.391B
YoY Change 2.47% 1.88% 3.19%
Acquisitions $45.00M
YoY Change -97.98%
Other Investing Activities $73.00M -$7.000M -$15.00M
YoY Change -103.51% -46.15% -130.61%
Cash From Investing Activities -$383.0M -$278.0M -$1.391B
YoY Change -84.84% -0.36% -60.23%
FINANCING ACTIVITIES
Cash Dividend Paid $769.0M
YoY Change 4.91%
Common Stock Issuance & Retirement, Net $47.00M
YoY Change -64.39%
Debt Paid & Issued, Net $1.424B
YoY Change -26.52%
Cash From Financing Activities -779.0M 930.0M -$399.0M
YoY Change -849.04% -24.51% -140.63%
NET CHANGE
Cash From Operating Activities 1.188B -705.0M $1.757B
Cash From Investing Activities -383.0M -278.0M -$1.391B
Cash From Financing Activities -779.0M 930.0M -$399.0M
Net Change In Cash 26.00M -53.00M -$33.00M
YoY Change -101.72% -104.1% -13.16%
FREE CASH FLOW
Cash From Operating Activities $1.188B -$705.0M $1.757B
Capital Expenditures -$456.0M -$271.0M -$1.391B
Free Cash Flow $1.644B -$434.0M $3.148B
YoY Change 21.15% -171.5% -17.72%

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CY2017 us-gaap Comprehensive Income Net Of Tax
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CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2017 us-gaap Cost Of Goods Sold
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CY2017 us-gaap Current Federal Tax Expense Benefit
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CY2015 us-gaap Current Foreign Tax Expense Benefit
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CY2016 us-gaap Current Foreign Tax Expense Benefit
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CY2017 us-gaap Current Foreign Tax Expense Benefit
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CY2015 us-gaap Current Income Tax Expense Benefit
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CY2016 us-gaap Current Income Tax Expense Benefit
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CY2017 us-gaap Current Income Tax Expense Benefit
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CY2015 us-gaap Current State And Local Tax Expense Benefit
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CY2016 us-gaap Current State And Local Tax Expense Benefit
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CY2017 us-gaap Current State And Local Tax Expense Benefit
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CY2017Q4 us-gaap Debt Current
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CY2017Q4 us-gaap Debt Instrument Fair Value
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CY2015 us-gaap Debt Instrument Maturity Date Range End1
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CY2016 us-gaap Debt Instrument Maturity Date Range End1
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2030-12-01
CY2017 us-gaap Debt Instrument Maturity Date Range End1
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2030-12-01
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CY2017 us-gaap Debt Instrument Maturity Date Range Start1
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CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2015 us-gaap Deferred Income Tax Expense Benefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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231000000 USD
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CY2016 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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CY2017 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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CY2016Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2017 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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2.23
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0.81
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0.75
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2.18
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21000000 USD
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CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.2427672956
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CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2016Q4 us-gaap Employee Related Liabilities Current
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485000000 USD
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86000000 USD
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P1Y9M1D
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45000000 USD
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
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290000000 USD
CY2017Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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293000000 USD
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266000000 USD
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993000000 USD
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450000000 USD
CY2017Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
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383000000 USD
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379000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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442000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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217000000 USD
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55000000 USD
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49000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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51000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
51000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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52000000 USD
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CY2017Q4 us-gaap Finite Lived Intangible Assets Net
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482000000 USD
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31000000 USD
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CY2017 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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207000000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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29000000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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83000000 USD
CY2015Q4 us-gaap Goodwill
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CY2016Q4 us-gaap Goodwill
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3364000000 USD
CY2017Q4 us-gaap Goodwill
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137000000 USD
CY2016 us-gaap Goodwill And Intangible Asset Impairment
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CY2017 us-gaap Goodwill And Intangible Asset Impairment
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CY2015Q4 us-gaap Goodwill Gross
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5508000000 USD
CY2016Q4 us-gaap Goodwill Gross
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5537000000 USD
CY2017Q4 us-gaap Goodwill Gross
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5584000000 USD
CY2015Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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2173000000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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2173000000 USD
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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2173000000 USD
CY2016 us-gaap Goodwill Impairment Loss
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0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Other Increase Decrease
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29000000 USD
CY2017 us-gaap Goodwill Other Increase Decrease
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11000000 USD
CY2016 us-gaap Goodwill Period Increase Decrease
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CY2017 us-gaap Goodwill Period Increase Decrease
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IncomeLossFromContinuingOperations
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CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2110000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
297000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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307000000 USD
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320000000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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244000000 USD
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217000000 USD
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457000000 USD
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197000000 USD
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832000000 USD
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800000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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2110000000 USD
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85000000 USD
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4000000 USD
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40000000 USD
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34000000 USD
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24000000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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17000000 USD
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29000000 USD
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CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.20
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CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.04
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2015 us-gaap Income Loss From Equity Method Investments
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12000000 USD
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10000000 USD
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12000000 USD
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396000000 USD
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278000000 USD
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297000000 USD
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109000000 USD
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0 USD
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4000000 USD
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20000000 USD
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90000000 USD
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370000000 USD
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98000000 USD
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60000000 USD
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390000000 USD
CY2017 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
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2580000000 USD
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CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
334000000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
40000000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
312000000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
218000000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
904000000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
209000000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
80000000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
395000000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
1460000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
2144000000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-21000000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2016Q3 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
8000000 USD
CY2015 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
96000000 USD
CY2016 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
3000000 USD
CY2016Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
2200000000 USD
CY2017Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
2300000000 USD
CY2016Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
7033000000 USD
CY2017Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
7051000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
130000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
37000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
53000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
77000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
102000000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
141000000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1069000000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1043000000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
191000000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
282000000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1189000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1061000000 USD
CY2016Q4 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
757000000 USD
CY2017Q4 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
661000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
186000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
343000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
280000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-3000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-6000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
15000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
3000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
3000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-4000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1042000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
260000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
177000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1068000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
344000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
730000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-6000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-2000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-12000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
7000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
7000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
8000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-3000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-2000000 USD
CY2016Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
100000000 USD
CY2017Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
87000000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
441000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
567000000 USD
CY2016Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
6284000000 USD
CY2017Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
6291000000 USD
CY2015 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-118000000 USD
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-99000000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-212000000 USD
CY2015 us-gaap Other Noninterest Expense
OtherNoninterestExpense
96000000 USD
CY2016 us-gaap Other Noninterest Expense
OtherNoninterestExpense
121000000 USD
CY2017 us-gaap Other Noninterest Expense
OtherNoninterestExpense
91000000 USD
CY2016Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
330000000 USD
CY2017Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
326000000 USD
CY2016Q1 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-74000000 USD
CY2016Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
7000000 USD
CY2016Q3 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-24000000 USD
CY2016Q4 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
17000000 USD
CY2017Q1 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
7000000 USD
CY2017Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-184000000 USD
CY2017Q3 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
11000000 USD
CY2017Q4 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-1282000000 USD
CY2016Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
8000000 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
114000000 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
49000000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-15000000 USD
CY2017Q1 us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
2000000 USD
CY2017Q2 us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
5000000 USD
CY2017Q3 us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
7000000 USD
CY2017Q4 us-gaap Payments For Removal Costs
PaymentsForRemovalCosts
6000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
605000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
132000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
47000000 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
685000000 USD
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
733000000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
769000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2228000000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
45000000 USD
CY2015 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
198000000 USD
CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1310000000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1241000000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1280000000 USD
CY2015 us-gaap Pension Contributions
PensionContributions
750000000 USD
CY2016 us-gaap Pension Contributions
PensionContributions
750000000 USD
CY2017 us-gaap Pension Contributions
PensionContributions
1250000000 USD
CY2017 us-gaap Pension Contributions
PensionContributions
1250000000 USD
CY2015 us-gaap Pension Expense
PensionExpense
461000000 USD
CY2016 us-gaap Pension Expense
PensionExpense
809000000 USD
CY2017 us-gaap Pension Expense
PensionExpense
717000000 USD
CY2017Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.71
CY2015 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
23000000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
108000000 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
4000000 USD
CY2017Q2 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
85000000 USD
CY2017Q4 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
28000000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
6873000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3830000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1907000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-14000000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-14000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-8000000 USD
CY2015 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-14000000 USD
CY2016 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
0 USD
CY2017 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
26000000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
37000000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19000000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
26000000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
917000000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
902000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
2144000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32251000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33814000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13003000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13265000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6947000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1938000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1424000000 USD
CY2015 us-gaap Restructuring Charges
RestructuringCharges
252000000 USD
CY2016 us-gaap Restructuring Charges
RestructuringCharges
54000000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
67000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4818000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6180000000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
20675000000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
4717000000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
4914000000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
4864000000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
5000000000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
19495000000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
5132000000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
5383000000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
5517000000 USD
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
5711000000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
21743000000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1539000000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1484000000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1653000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
322664 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
209500 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
438024 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
53.97
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
43.61
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
45.96
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1863623 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2617982 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2163912 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
53.25
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
37.26
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
51.78
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
7275934 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5857733 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5950130 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
5799884 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
34.98
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
38.69
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
35.89
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
36.17
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
2959160 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
2316085 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1876134 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
37.09
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
43.82
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
51.00
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.2339
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.2275
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0147
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0110
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1248000000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1237000000 USD
CY2017 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1434000000 USD
CY2017Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
5000000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
233000000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
122000000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
162000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
4341000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
6522000000 USD
CY2016Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
6094000000 USD
CY2017Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
8202000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5263000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3909000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4359000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6541000000 USD
CY2017Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
9000000 USD
CY2015 us-gaap Taxes Other
TaxesOther
158000000 USD
CY2016 us-gaap Taxes Other
TaxesOther
154000000 USD
CY2017 us-gaap Taxes Other
TaxesOther
169000000 USD
CY2016Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
456000000 USD
CY2017Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
448000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
37671000 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
35975000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1753000000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1680000000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
605000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
132000000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
47000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
158000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
150000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
98000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
188000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
-7000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
-2000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
7000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
33000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
19000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
22000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
17000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
54000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
6000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
40000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-27000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
26000000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
420600000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
415600000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
417700000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
417400000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
411100000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
412700000 shares
CY2017 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">FINANCIAL STATEMENTS</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States that require the use of management&#8217;s estimates. Actual results could differ from management&#8217;s estimates. Prior-period amounts have been adjusted to conform with current year presentation.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On January 1, 2018, the Company completed the previously announced transfer of its North American Consumer Packaging business, which includes its North American Coated Paperboard and Foodservice businesses, to a subsidiary of Graphic Packaging Holding Company. The Company received a </font><font style="font-family:Arial;font-size:10pt;">20.5%</font><font style="font-family:Arial;font-size:10pt;"> ownership interest in a subsidiary of Graphic Packaging Holding Company that holds the assets of the combined business. As a result of this transfer, all current and prior year amounts have been adjusted to reflect the North American Consumer Packaging business as a discontinued operation. See </font><a style="font-family:Arial;font-size:10pt;" href="#sDBCEBCF0A3D10FACFD43149D4F160DE8"><font style="font-family:Arial;font-size:10pt;">Note 7</font></a><font style="font-family:Arial;font-size:10pt;"> for further discussion.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;"></font></div></div>
CY2017 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">NATURE OF BUSINESS</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">International Paper (the Company) is a global paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, North Africa, India and Russia. Substantially all of our businesses have experienced, and are likely to continue to experience, cycles relating to available industry capacity and general economic conditions.</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br clear="none"/></font></div></div>

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