$IP
INTERNATIONAL PAPER CO /NEW/

2019 Q2 Form 10-Q Financial Statement

#000005143419000028 Filed on July 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $5.667B $5.833B
YoY Change -2.85% 8.36%
Cost Of Revenue $3.901B $3.922B
YoY Change -0.54% 4.61%
Gross Profit $1.766B $1.911B
YoY Change -7.59% 16.95%
Gross Profit Margin 31.16% 32.76%
Selling, General & Admin $402.0M $12.00M
YoY Change 3250.0% -96.95%
% of Gross Profit 22.76% 0.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $321.0M $330.0M
YoY Change -2.73% -1.2%
% of Gross Profit 18.18% 17.27%
Operating Expenses $402.0M $12.00M
YoY Change 3250.0% -96.95%
Operating Profit $629.0M $697.0M
YoY Change -9.76% 343.95%
Interest Expense $177.0M $183.0M
YoY Change -3.28% -1.61%
% of Operating Profit 28.14% 26.26%
Other Income/Expense, Net -$8.000M -$36.00M
YoY Change -77.78% -21.74%
Pretax Income $334.0M $490.0M
YoY Change -31.84% -2230.43%
Income Tax $128.0M $130.0M
% Of Pretax Income 38.32% 26.53%
Net Earnings $292.0M $405.0M
YoY Change -27.9% 406.25%
Net Earnings / Revenue 5.15% 6.94%
Basic Earnings Per Share $0.74 $0.98
Diluted Earnings Per Share $0.73 $0.97
COMMON SHARES
Basic Shares Outstanding 396.1M shares 413.2M shares
Diluted Shares Outstanding 398.2M shares 417.7M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $787.0M $1.073B
YoY Change -26.65% 3.07%
Cash & Equivalents $787.0M $1.073B
Short-Term Investments
Other Short-Term Assets $215.0M $242.0M
YoY Change -11.16% -56.16%
Inventory $2.224B $2.050B
Prepaid Expenses
Receivables $3.876B $3.907B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.388B $7.272B
YoY Change 1.6% 0.48%
LONG-TERM ASSETS
Property, Plant & Equipment $12.96B $13.19B
YoY Change -1.75% -6.03%
Goodwill $3.441B $3.378B
YoY Change 1.87% -0.91%
Intangibles
YoY Change
Long-Term Investments $8.725B $8.599B
YoY Change 1.47% 16.72%
Other Assets $1.018B $958.0M
YoY Change 6.26% -30.23%
Total Long-Term Assets $26.96B $26.52B
YoY Change 1.64% -0.44%
TOTAL ASSETS
Total Short-Term Assets $7.388B $7.272B
Total Long-Term Assets $26.96B $26.52B
Total Assets $34.35B $33.80B
YoY Change 1.63% -0.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.498B $2.478B
YoY Change 0.81% 4.91%
Accrued Expenses $535.0M $424.0M
YoY Change 26.18% 3.67%
Deferred Revenue $40.00M $32.00M
YoY Change 25.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $676.0M $684.0M
YoY Change -1.17% -16.99%
Total Short-Term Liabilities $5.049B $4.618B
YoY Change 9.33% -7.68%
LONG-TERM LIABILITIES
Long-Term Debt $10.05B $10.81B
YoY Change -6.99% 3.97%
Other Long-Term Liabilities $591.0M $557.0M
YoY Change 6.1% 21.88%
Total Long-Term Liabilities $10.64B $11.36B
YoY Change -6.35% 4.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.049B $4.618B
Total Long-Term Liabilities $10.64B $11.36B
Total Liabilities $15.69B $15.98B
YoY Change -1.81% 0.81%
SHAREHOLDERS EQUITY
Retained Earnings $8.302B $6.988B
YoY Change 18.8% 48.15%
Common Stock $6.678B $6.668B
YoY Change 0.15% 0.77%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.628B $1.931B
YoY Change 36.1% 14.87%
Treasury Stock Shares 55.00M shares 40.00M shares
Shareholders Equity $7.482B $6.844B
YoY Change
Total Liabilities & Shareholders Equity $34.35B $33.80B
YoY Change 1.63% -0.24%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $292.0M $405.0M
YoY Change -27.9% 406.25%
Depreciation, Depletion And Amortization $321.0M $330.0M
YoY Change -2.73% -1.2%
Cash From Operating Activities $1.046B $801.0M
YoY Change 30.59% 24.96%
INVESTING ACTIVITIES
Capital Expenditures -$335.0M -$440.0M
YoY Change -23.86% 51.72%
Acquisitions
YoY Change
Other Investing Activities -$86.00M -$35.00M
YoY Change 145.71% -12.5%
Cash From Investing Activities -$421.0M -$475.0M
YoY Change -11.37% 43.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -487.0M -354.0M
YoY Change 37.57% 33.08%
NET CHANGE
Cash From Operating Activities 1.046B 801.0M
Cash From Investing Activities -421.0M -475.0M
Cash From Financing Activities -487.0M -354.0M
Net Change In Cash 138.0M -28.00M
YoY Change -592.86% -162.22%
FREE CASH FLOW
Cash From Operating Activities $1.046B $801.0M
Capital Expenditures -$335.0M -$440.0M
Free Cash Flow $1.381B $1.241B
YoY Change 11.28% 33.3%

Facts In Submission

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CY2019Q2 us-gaap Depreciation
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CY2018Q2 us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Depreciation
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615000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
101000000 USD
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CapitalExpendituresIncurredButNotYetPaid
135000000 USD
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us-gaap Interest Paid
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375000000 USD
us-gaap Interest Paid
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CY2019Q2 us-gaap Interest Expense
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177000000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
361000000 USD
us-gaap Interest Expense
InterestExpense
363000000 USD
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
55000000 USD
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
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us-gaap Investment Income Interest
InvestmentIncomeInterest
106000000 USD
us-gaap Investment Income Interest
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CY2019Q2 us-gaap Interest Costs Capitalized
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CY2018Q2 us-gaap Interest Costs Capitalized
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9000000 USD
us-gaap Interest Costs Capitalized
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14000000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
17000000 USD
CY2019Q2 us-gaap Asset Retirement Obligation
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86000000 USD
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us-gaap Operating Lease Cost
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us-gaap Variable Lease Cost
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ShortTermLeaseCost
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us-gaap Short Term Lease Cost
ShortTermLeaseCost
18000000 USD
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FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseInterestExpense
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us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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LeaseCost
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us-gaap Lease Cost
LeaseCost
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OperatingLeaseRightOfUseAsset
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CY2019Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
103000000 USD
CY2019Q2 ip Leasedassetstotal
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OperatingLeaseLiabilityCurrent
131000000 USD
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FinanceLeaseLiabilityCurrent
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OperatingLeaseLiabilityNoncurrent
281000000 USD
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
88000000 USD
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LeaseLiabilityTotal
511000000 USD
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Financeleaserightofuseassetaccumulatedamortization
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OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M17D
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FinanceLeaseWeightedAverageRemainingLeaseTerm1
P11Y9M10D
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OperatingLeaseWeightedAverageDiscountRatePercent
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CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
76000000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
7000000 USD
CY2019Q2 ip Lease Liability Payments Due Remainderof Fiscal Year
LeaseLiabilityPaymentsDueRemainderofFiscalYear
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2019Q2 ip Lease Liability Payments Due Year2
LeaseLiabilityPaymentsDueYear2
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2019Q2 ip Leaseliability Payments Due Year3
LeaseliabilityPaymentsDueYear3
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
52000000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2019Q2 ip Lease Liability Payments Due Year4
LeaseLiabilityPaymentsDueYear4
63000000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearFive
28000000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
10000000 USD
CY2019Q2 ip Lease Liability Payments Due Year5
LeaseLiabilityPaymentsDueYear5
38000000 USD
CY2019Q2 ip Lease Operating Lease Liability Payments Due Year6
LeaseOperatingLeaseLiabilityPaymentsDueYear6
13000000 USD
CY2019Q2 ip Lease Finance Lease Liability Payments Due Year6
LeaseFinanceLeaseLiabilityPaymentsDueYear6
10000000 USD
CY2019Q2 ip Lease Liability Payments Due Year6
LeaseLiabilityPaymentsDueYear6
23000000 USD
CY2019Q2 ip Lesseeoperatingleaseliabilitypaymentsdueafteryearsix
Lesseeoperatingleaseliabilitypaymentsdueafteryearsix
98000000 USD
CY2019Q2 ip Financeleaseliabilitypaymentsdueafteryearsix
Financeleaseliabilitypaymentsdueafteryearsix
67000000 USD
CY2019Q2 ip Leaseliabilitypaymentsdueafteryearsix
Leaseliabilitypaymentsdueafteryearsix
165000000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
472000000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
132000000 USD
CY2019Q2 ip Lease Liability Payments Total
LeaseLiabilityPaymentsTotal
604000000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
60000000 USD
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
33000000 USD
CY2019Q2 ip Leaseliabilityundiscountedexcessamount
Leaseliabilityundiscountedexcessamount
93000000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
412000000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
99000000 USD
CY2019Q2 ip Lease Liability Total
LeaseLiabilityTotal
511000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
160000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
125000000 USD
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OperatingLeasesFutureMinimumPaymentsDueInThreeYears
77000000 USD
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OperatingLeasesFutureMinimumPaymentsDueInFourYears
49000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
28000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
118000000 USD
CY2018Q4 us-gaap Goodwill Gross
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CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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CY2018Q4 us-gaap Goodwill
Goodwill
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GoodwillPeriodIncreaseDecrease
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ip Accumulatedimpairmentlossotherincreasesdecreases
Accumulatedimpairmentlossotherincreasesdecreases
112000000 USD
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GoodwillGross
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GoodwillImpairedAccumulatedImpairmentLoss
2061000000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
3441000000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
808000000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
434000000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
374000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
847000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
454000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
393000000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13000000 USD
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-97000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-112000000 USD
CY2019Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
35000000 USD
us-gaap Investment Tax Credit
InvestmentTaxCredit
6000000 USD
CY2019Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
132000000 USD
CY2019Q2 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
142000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
200000000 USD
CY2019Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0355
CY2019Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
10700000000 USD
CY2019Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
11400000000 USD
us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P2Y
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
2000000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
57000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
19000000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
8000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
15000000 USD
ip Agetoparticipateinthepensionplan
Agetoparticipateinthepensionplan
21
ip Yearsofeligibilitytoparticipateinpensionplan
Yearsofeligibilitytoparticipateinpensionplan
1
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-1000000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
33000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
22000000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
159000000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2400000 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
43.49
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5667000000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5833000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11310000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11454000000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
472000000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
697000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1051000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1209000000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
334000000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
490000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
752000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
846000000 USD
CY2019Q2 ip Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
IncomeFromEquityMethodInvestmentAndIncomeAttributableToNoncontrollingInterests
5000000 USD
CY2018Q2 ip Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
IncomeFromEquityMethodInvestmentAndIncomeAttributableToNoncontrollingInterests
-4000000 USD
ip Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
IncomeFromEquityMethodInvestmentAndIncomeAttributableToNoncontrollingInterests
2000000 USD
ip Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
IncomeFromEquityMethodInvestmentAndIncomeAttributableToNoncontrollingInterests
-5000000 USD
CY2019Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
3000000 USD
CY2018Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
30000000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
24000000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
39000000 USD
CY2019Q2 ip Segment Reporting Information Restructuring And Other Charges
SegmentReportingInformationRestructuringAndOtherCharges
0 USD
CY2018Q2 ip Segment Reporting Information Restructuring And Other Charges
SegmentReportingInformationRestructuringAndOtherCharges
-12000000 USD
ip Segment Reporting Information Restructuring And Other Charges
SegmentReportingInformationRestructuringAndOtherCharges
0 USD
ip Segment Reporting Information Restructuring And Other Charges
SegmentReportingInformationRestructuringAndOtherCharges
-21000000 USD
CY2019Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
8000000 USD
CY2018Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
36000000 USD
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
18000000 USD
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
40000000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
472000000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
697000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1051000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1209000000 USD

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