2014 Q4 Form 10-K Financial Statement

#000004982616000151 Filed on February 12, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $3.504B $3.692B $3.719B
YoY Change -1.41% 3.48% 3.51%
Cost Of Revenue $2.114B $2.182B $2.219B
YoY Change -2.72% 1.58% 2.97%
Gross Profit $1.390B $1.510B $1.500B
YoY Change 0.65% 6.34% 4.31%
Gross Profit Margin 39.67% 40.9% 40.33%
Selling, General & Admin $644.0M $675.0M $677.0M
YoY Change -6.53% -0.15% -9.37%
% of Gross Profit 46.33% 44.7% 45.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $120.0M $128.0M $129.0M
YoY Change -10.45% -33.33% -9.79%
% of Gross Profit 8.63% 8.48% 8.6%
Operating Expenses $704.0M $735.0M $737.0M
YoY Change -6.51% -0.68% -8.79%
Operating Profit $686.0M $772.0M $763.0M
YoY Change 9.24% 13.86% 21.11%
Interest Expense -$46.00M $68.00M $64.00M
YoY Change -29.23% 13.33% 8.47%
% of Operating Profit -6.71% 8.81% 8.39%
Other Income/Expense, Net $23.00M $20.00M $7.000M
YoY Change 53.33% 100.0% -30.0%
Pretax Income $657.0M $724.0M $706.0M
YoY Change 14.66% 15.29% 21.51%
Income Tax $196.0M $217.0M $212.0M
% Of Pretax Income 29.83% 29.97% 30.03%
Net Earnings $450.0M $531.0M $1.492B
YoY Change 10.29% 17.48% 220.86%
Net Earnings / Revenue 12.84% 14.38% 40.12%
Basic Earnings Per Share $1.17 $1.35 $3.69
Diluted Earnings Per Share $1.16 $1.34 $3.66
COMMON SHARES
Basic Shares Outstanding 394.0M shares 404.7M shares
Diluted Shares Outstanding 396.8M shares 407.6M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.990B $4.820B $5.297B
YoY Change 10.28% 59.71% 91.37%
Cash & Equivalents $3.990B $4.820B $5.297B
Short-Term Investments
Other Short-Term Assets $192.0M $548.0M $591.0M
YoY Change 29.73% -80.17% -43.61%
Inventory $1.180B $1.265B $1.305B
Prepaid Expenses
Receivables $2.293B $2.519B $2.598B
Other Receivables $179.0M $0.00 $0.00
Total Short-Term Assets $7.864B $9.152B $9.791B
YoY Change -19.89% -4.49% 19.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.686B $1.693B $1.700B
YoY Change -1.35% 1.56% -12.19%
Goodwill $4.667B $4.771B $4.904B
YoY Change -4.48% -1.71% -8.49%
Intangibles $1.799B $1.825B $1.876B
YoY Change -10.01% -13.96% -12.01%
Long-Term Investments $141.0M
YoY Change -14.02%
Other Assets $1.111B $1.258B $1.297B
YoY Change -7.18% 7.16% 8.72%
Total Long-Term Assets $9.601B $9.876B $10.15B
YoY Change -1.86% -2.88% -7.66%
TOTAL ASSETS
Total Short-Term Assets $7.864B $9.152B $9.791B
Total Long-Term Assets $9.601B $9.876B $10.15B
Total Assets $17.47B $19.03B $19.94B
YoY Change -10.89% -3.66% 3.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $512.0M $594.0M $683.0M
YoY Change -19.24% -3.57% -4.74%
Accrued Expenses $1.287B $1.307B $1.278B
YoY Change 1.18% 1.95% -4.34%
Deferred Revenue
YoY Change
Short-Term Debt $1.475B $0.00 $0.00
YoY Change -14.09%
Long-Term Debt Due $1.000M $1.496B $1.070B
YoY Change -99.95% 12.65% -17.76%
Total Short-Term Liabilities $3.525B $3.874B $3.923B
YoY Change -41.58% -1.7% 5.71%
LONG-TERM LIABILITIES
Long-Term Debt $5.943B $6.034B $6.140B
YoY Change 112.78% 58.46% 62.82%
Other Long-Term Liabilities $1.002B $901.0M $918.0M
YoY Change 8.56% -16.65% -16.77%
Total Long-Term Liabilities $7.116B $7.353B $7.573B
YoY Change 68.51% 37.65% 44.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.525B $3.874B $3.923B
Total Long-Term Liabilities $7.116B $7.353B $7.573B
Total Liabilities $10.64B $11.23B $11.50B
YoY Change 3.74% 20.94% 28.19%
SHAREHOLDERS EQUITY
Retained Earnings $17.17B $16.91B $16.57B
YoY Change 14.92% 14.9% 14.65%
Common Stock $1.102B $1.082B $1.070B
YoY Change 4.75% 4.24% 4.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.80B $10.05B $9.562B
YoY Change 61.74% 79.92% 81.68%
Treasury Stock Shares
Shareholders Equity $6.819B $7.796B $8.435B
YoY Change
Total Liabilities & Shareholders Equity $17.47B $19.03B $19.94B
YoY Change -12.53% -3.66% 3.84%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $450.0M $531.0M $1.492B
YoY Change 10.29% 17.48% 220.86%
Depreciation, Depletion And Amortization $120.0M $128.0M $129.0M
YoY Change -10.45% -33.33% -9.79%
Cash From Operating Activities $458.0M $271.0M $573.0M
YoY Change -35.31% -66.58% -10.89%
INVESTING ACTIVITIES
Capital Expenditures -$89.00M -$126.0M -$78.00M
YoY Change -19.82% 59.49% -12.36%
Acquisitions
YoY Change
Other Investing Activities -$17.00M $0.00 $3.218B
YoY Change -132.69% -100.0% 6746.81%
Cash From Investing Activities -$106.0M -$126.0M $3.140B
YoY Change 79.66% -42.99% -7576.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -972.0M -255.0M -1.995B
YoY Change 2457.89% -41.78% 455.71%
NET CHANGE
Cash From Operating Activities 458.0M 271.0M 573.0M
Cash From Investing Activities -106.0M -126.0M 3.140B
Cash From Financing Activities -972.0M -255.0M -1.995B
Net Change In Cash -620.0M -110.0M 1.718B
YoY Change -201.47% -172.37% 609.92%
FREE CASH FLOW
Cash From Operating Activities $458.0M $271.0M $573.0M
Capital Expenditures -$89.00M -$126.0M -$78.00M
Free Cash Flow $547.0M $397.0M $651.0M
YoY Change -33.21% -55.39% -11.07%

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30000000 USD
CY2013 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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30000000 USD
CY2014 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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0 USD
CY2015 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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3090000000 USD
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372000000 USD
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CY2014Q4 us-gaap Cash Surrender Value Of Life Insurance
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CY2015Q4 us-gaap Cash Surrender Value Of Life Insurance
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CY2015Q4 us-gaap Commercial Paper
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CY2015Q4 us-gaap Common Stock Shares Issued
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CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Construction In Progress Gross
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CY2015Q4 us-gaap Construction In Progress Gross
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CY2014 us-gaap Cost Of Goods And Services Sold
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1970000000 USD
CY2015Q2 us-gaap Cost Of Goods And Services Sold
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CY2015 us-gaap Cost Of Goods And Services Sold
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CY2015 us-gaap Current Foreign Tax Expense Benefit
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64000000 USD
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CY2015 us-gaap Current State And Local Tax Expense Benefit
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CY2015Q4 us-gaap Deferred Tax Assets Investments
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CY2015Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2015Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
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CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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10000000 USD
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85000000 USD
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84000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
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59000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
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115000000 USD
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43000000 USD
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7000000 USD
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
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0 USD
CY2013Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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2020
CY2014Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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2022
CY2015Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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2021
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CY2014 us-gaap Defined Contribution Plan Cost Recognized
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78000000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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77000000 USD
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CY2015 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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CY2013 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2015 us-gaap Depreciation
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244000000 USD
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CY2014 us-gaap Earnings Per Share Basic
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1.24
CY2015 us-gaap Earnings Per Share Basic
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5.16
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3.74
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1.11
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3.66
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1.34
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1.16
CY2014 us-gaap Earnings Per Share Diluted
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7.28
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1.21
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1.30
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1.39
CY2015Q4 us-gaap Earnings Per Share Diluted
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1.23
CY2015 us-gaap Earnings Per Share Diluted
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5.13
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0.306
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.301
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2015 us-gaap Gain Loss On Investments
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CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0.015
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.016
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.018
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0.016
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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206000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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148000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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59000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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10000000 USD
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12000000 USD
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12000000 USD
CY2014Q4 us-gaap Equity Method Investments
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141000000 USD
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113000000 USD
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24000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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33000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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20000000 USD
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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494000000 USD
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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534000000 USD
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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511000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1853000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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2084000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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217000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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134000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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153000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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175000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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196000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
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8000000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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5000000 USD
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CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2013 us-gaap Gain Loss On Investments
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12000000 USD
CY2014 us-gaap Gain Loss On Investments
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8000000 USD
CY2014Q4 us-gaap Goodwill
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CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2013Q4 us-gaap Goodwill
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CY2015Q4 us-gaap Goodwill
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CY2015 us-gaap Goodwill Acquired During Period
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2000000 USD
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240000000 USD
CY2013 us-gaap Goodwill Impairment Loss
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CY2014 us-gaap Goodwill Impairment Loss
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CY2015 us-gaap Goodwill Impairment Loss
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CY2015 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2013 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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3000000 USD
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1660000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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903000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1030000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1059000000 USD
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2347000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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2699000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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2719000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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1630000000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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428000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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494000000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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507000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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461000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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1890000000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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458000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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480000000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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511000000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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450000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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1899000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
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3.65
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.01
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.19
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.22
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11000000 USD
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CY2014 us-gaap Increase Decrease In Inventories
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10000000 USD
CY2015 us-gaap Increase Decrease In Inventories
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CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.31
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.40
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.24
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
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5.16
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.63
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.01
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.21
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.28
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.18
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2015Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.30
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.39
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
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49000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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45000000 USD
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24000000 USD
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CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.11
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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IncomeLossFromEquityMethodInvestments
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820000000 USD
CY2014Q4 us-gaap Income Tax Receivable
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CY2015Q4 us-gaap Income Tax Receivable
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8000000 USD
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161000000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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33000000 USD
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5000000 USD
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43000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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71000000 USD
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1000000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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98000000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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83000000 USD
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70000000 USD
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42000000 USD
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3100000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2900000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2200000 shares
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1560000000 USD
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200000000 USD
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250000000 USD
CY2015 us-gaap Interest Expense
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240000000 USD
CY2014 us-gaap Interest Paid Net
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236000000 USD
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200000000 USD
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88000000 USD
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81000000 USD
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CY2015Q4 us-gaap Inventory Net
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133000000 USD
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130000000 USD
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50000000 USD
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138000000 USD
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130000000 USD
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117000000 USD
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CY2015Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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296000000 USD
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CY2015Q4 us-gaap Long Term Debt Current
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CY2014Q4 us-gaap Long Term Debt Fair Value
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4897000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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1000000 USD
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CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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649000000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
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CY2015Q4 us-gaap Long Term Debt Noncurrent
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CY2014Q4 us-gaap Machinery And Equipment Gross
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CY2015Q4 us-gaap Machinery And Equipment Gross
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CY2014Q4 us-gaap Minority Interest
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CY2015Q4 us-gaap Minority Interest
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CY2015 us-gaap Number Of Reportable Segments
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CY2013 us-gaap Operating Income Loss
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CY2014Q1 us-gaap Operating Income Loss
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CY2014Q2 us-gaap Operating Income Loss
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CY2014Q3 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Income Loss
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CY2014 us-gaap Operating Income Loss
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CY2015Q1 us-gaap Operating Income Loss
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CY2015Q2 us-gaap Operating Income Loss
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CY2015Q3 us-gaap Operating Income Loss
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CY2015Q4 us-gaap Operating Income Loss
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CY2015 us-gaap Operating Income Loss
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CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2015Q4 us-gaap Operating Loss Carryforwards
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CY2015Q4 us-gaap Other Assets Current
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
103000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-14000000 USD
CY2014Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
441000000 USD
CY2015Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
363000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1002000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
981000000 USD
CY2013 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
72000000 USD
CY2014 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
61000000 USD
CY2015 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
78000000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
20000000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
11000000 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
12000000 USD
CY2014Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
220000000 USD
CY2015Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
211000000 USD
CY2014Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
0 USD
CY2015Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
2000000 USD
CY2014Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
525000000 USD
CY2014 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
-3191000000 USD
CY2015 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
CY2015Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
519000000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
CY2013 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
-206000000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
17000000 USD
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1000000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2106000000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4346000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2002000000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
528000000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
711000000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
742000000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
369000000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
45000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6000000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
368000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
361000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
284000000 USD
CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
14000000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
15000000 USD
CY2014Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.22
CY2015Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.22
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
300000 shares
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
401000000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
341000000 USD
CY2014Q4 us-gaap Prepaid Pension Costs
PrepaidPensionCosts
165000000 USD
CY2015Q4 us-gaap Prepaid Pension Costs
PrepaidPensionCosts
191000000 USD
CY2014Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
96000000 USD
CY2015Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
88000000 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
2000000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
18000000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
29000000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
206000000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
148000000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
59000000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-14000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-12000000 USD
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
1267000000 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-239000000 USD
CY2015 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-946000000 USD
CY2013 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
40000000 USD
CY2014 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
28000000 USD
CY2015 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
22000000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
38000000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28000000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30000000 USD
CY2013 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
3000000 USD
CY2014 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
3329000000 USD
CY2015 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
1099000000 USD
CY2012Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
51000000 USD
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
50000000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
49000000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
46000000 USD
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
49000000 USD
CY2014 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-3000000 USD
CY2015Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
46000000 USD
CY2013 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
1000000 USD
CY2015 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-2000000 USD
CY2013 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
44000000 USD
CY2014 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
41000000 USD
CY2015 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
37000000 USD
CY2013 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
43000000 USD
CY2014 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
43000000 USD
CY2015 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
36000000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
1679000000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
473000000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
1492000000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
531000000 USD
CY2014Q4 us-gaap Profit Loss
ProfitLoss
450000000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
2946000000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
458000000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
480000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
511000000 USD
CY2015Q4 us-gaap Profit Loss
ProfitLoss
450000000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
1899000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4799000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4655000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1686000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1577000000 USD
CY2014Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
158000000 USD
CY2015Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
156000000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3000000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7000000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7000000 USD
CY2014Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
2293000000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
2203000000 USD
CY2013 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
6000000 USD
CY2014 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
1751000000 USD
CY2015 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
2000000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
240000000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
227000000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
218000000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13973000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14943000000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
17173000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
18316000000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
14135000000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
3569000000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
3719000000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
3692000000 USD
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
3504000000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
14484000000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
3342000000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
3434000000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
3354000000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
3275000000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
13405000000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
37000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
39000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
41000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
100000 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
70.96
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
300000 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
92.44
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1000000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
800000 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
60.68
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
73.58
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
400000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
23000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
27000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
20000000 USD
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
52.11
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0272
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0246
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0211
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.211
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.229
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.230
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.029
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0283
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0225
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.002
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0016
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0023
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4500000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
108000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
115000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
55000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
100000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
71.41
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
600000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.06
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.14
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.58
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7100000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6400000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
56.25
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
61.44
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
-1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
8000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
5000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
21000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
59000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
18000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
41000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
27000000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
175000000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
54.19
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
201000000 USD
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
49.41
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
98.26
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
48000000 USD
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
59000000 USD
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
58000000 USD
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1200000 shares
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6824000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5228000000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
10798000000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
12729000000 USD
CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
7100000000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
8700000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
249000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
268000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
218000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
259000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
26000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
23000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
39000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
40000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
12000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
54000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
227000000 USD
CY2014Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
50000000 USD
CY2015Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
48000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
449300000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
404600000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
370100000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
446200000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
401700000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
367900000 shares
CY2015 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Notes to Financial Statements</font><font style="font-family:inherit;font-size:10pt;"> furnish additional information on items in the financial statements. The notes have been arranged in the same order as the related items appear in the statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Illinois Tool Works Inc. (the "Company" or "ITW") is a global manufacturer of a diversified range of industrial products and equipment with approximately </font><font style="font-family:inherit;font-size:10pt;">84</font><font style="font-family:inherit;font-size:10pt;"> divisions in </font><font style="font-family:inherit;font-size:10pt;">57</font><font style="font-family:inherit;font-size:10pt;"> countries.</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">The Company primarily serves the automotive OEM/tiers, automotive aftermarket, general industrial, commercial food equipment, and construction end markets.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant accounting principles and policies of the Company are in italics. Certain reclassifications of prior year data have been made to conform to current year reporting.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Company&#8217;s financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the notes to financial statements. Actual results could differ from those estimates. The significant estimates included in the preparation of the financial statements are related to inventories, trade receivables, plant and equipment, income taxes, goodwill and intangible assets, product liability matters, litigation, product warranties, pensions, other postretirement benefits, environmental matters and stock-based compensation.</font></div></div>

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