2017 Form 10-K Financial Statement

#000123252418000018 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016 Q3
Revenue $1.619B $396.6M $374.2M
YoY Change 8.79% 16.35% 9.77%
Cost Of Revenue $110.2M $33.70M $24.30M
YoY Change 4.55% 40.42% -14.44%
Gross Profit $1.509B $359.0M $347.3M
YoY Change 9.11% 13.99% 11.9%
Gross Profit Margin 93.19% 90.5% 92.82%
Selling, General & Admin $544.2M $125.6M $124.4M
YoY Change 8.21% 1.05% 19.53%
% of Gross Profit 36.07% 34.99% 35.81%
Research & Development $198.4M $44.20M $47.80M
YoY Change 22.27% 49.83% -5.88%
% of Gross Profit 13.15% 12.31% 13.76%
Depreciation & Amortization $13.10M $29.80M $29.60M
YoY Change 11.02% 12.45% 3.14%
% of Gross Profit 0.87% 8.3% 8.52%
Operating Expenses $1.090B $195.9M $237.9M
YoY Change 21.59% 10.37% 13.66%
Operating Profit $528.8M $163.1M $136.3M
YoY Change -10.62% 18.68% 3.59%
Interest Expense -$77.76M -$14.50M -$18.50M
YoY Change 25.53% 43.56% 46.23%
% of Operating Profit -14.7% -8.89% -13.58%
Other Income/Expense, Net -$749.0K
YoY Change -23.34%
Pretax Income $77.48M $151.0M $116.4M
YoY Change -56.85% 56.48% -1.3%
Income Tax -$47.70M $26.80M $26.44M
% Of Pretax Income -61.57% 17.75% 22.72%
Net Earnings $487.8M $116.7M $89.83M
YoY Change 22.94% 41.0% 2.12%
Net Earnings / Revenue 30.14% 29.42% 24.01%
Basic Earnings Per Share $8.13 $1.95 $1.49
Diluted Earnings Per Share $7.96 $1.91 $1.45
COMMON SHARES
Basic Shares Outstanding 60.02M shares 59.89M shares 60.44M shares
Diluted Shares Outstanding 61.32M shares 61.80M shares

Balance Sheet

Concept 2017 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $601.0M $426.0M $426.0M
YoY Change 41.08% -56.92% -57.35%
Cash & Equivalents $386.0M $366.0M $366.6M
Short-Term Investments $215.0M $60.00M $59.40M
Other Short-Term Assets $99.90M $29.31M $24.52M
YoY Change 85.69% 53.88% 29.25%
Inventory $43.20M $34.05M $32.35M
Prepaid Expenses $24.50M $23.30M
Receivables $224.1M $234.2M $238.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $968.3M $748.1M $744.2M
YoY Change 29.43% -40.52% -43.4%
LONG-TERM ASSETS
Property, Plant & Equipment $170.1M $107.5M $99.90M
YoY Change 58.23% 25.61% 19.71%
Goodwill $893.8M $928.0M
YoY Change 36.02% 38.71%
Intangibles $3.012B $3.110B
YoY Change 154.05% 144.77%
Long-Term Investments
YoY Change
Other Assets $58.70M $14.06M $37.76M
YoY Change 50.9% 51.66% 48.72%
Total Long-Term Assets $4.155B $4.052B $4.186B
YoY Change 2.55% 95.29% 94.77%
TOTAL ASSETS
Total Short-Term Assets $968.3M $748.1M $744.2M
Total Long-Term Assets $4.155B $4.052B $4.186B
Total Assets $5.124B $4.800B $4.931B
YoY Change 6.74% 44.04% 42.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.40M $22.42M $17.63M
YoY Change 8.93% 2.79% -39.48%
Accrued Expenses $198.8M $193.3M $172.4M
YoY Change 2.85% 17.8% 3.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $40.60M $36.09M $36.09M
YoY Change 12.47% -3.97% -69.3%
Total Short-Term Liabilities $293.9M $257.4M $232.9M
YoY Change 14.18% 13.57% -31.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.540B $1.994B $2.147B
YoY Change -22.73% 73.22% 83.21%
Other Long-Term Liabilities $192.7M $112.6M $106.1M
YoY Change 67.27% 62.62% 77.82%
Total Long-Term Liabilities $1.733B $2.106B $2.253B
YoY Change -17.81% 72.62% 82.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $293.9M $257.4M $232.9M
Total Long-Term Liabilities $1.733B $2.106B $2.253B
Total Liabilities $2.411B $2.364B $2.486B
YoY Change -17.53% 63.37% 58.17%
SHAREHOLDERS EQUITY
Retained Earnings $528.9M $315.4M
YoY Change 74.74% 21.23%
Common Stock $1.665B $1.635B
YoY Change 6.55% 6.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.713B $1.877B $1.831B
YoY Change
Total Liabilities & Shareholders Equity $5.124B $4.800B $4.931B
YoY Change 6.74% 44.04% 42.33%

Cashflow Statement

Concept 2017 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $487.8M $116.7M $89.83M
YoY Change 22.94% 41.0% 2.12%
Depreciation, Depletion And Amortization $13.10M $29.80M $29.60M
YoY Change 11.02% 12.45% 3.14%
Cash From Operating Activities $693.1M $180.7M $133.0M
YoY Change 17.0% 50.96% -24.04%
INVESTING ACTIVITIES
Capital Expenditures -$114.0M -$1.200M -$17.40M
YoY Change -37.84% -64.71% 234.62%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$155.0M -$600.0K -$1.514B
YoY Change -90.11%
Cash From Investing Activities -$269.0M -$1.900M -$1.531B
YoY Change -84.64% -44.12% 29342.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $98.80M
YoY Change -64.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$409.1M -172.0M 895.2M
YoY Change -175.62% 38.93% -1047.3%
NET CHANGE
Cash From Operating Activities $693.1M 180.7M 133.0M
Cash From Investing Activities -$269.0M -1.900M -1.531B
Cash From Financing Activities -$409.1M -172.0M 895.2M
Net Change In Cash $20.07M 6.800M -502.8M
YoY Change -103.25% -190.67% -766.84%
FREE CASH FLOW
Cash From Operating Activities $693.1M $180.7M $133.0M
Capital Expenditures -$114.0M -$1.200M -$17.40M
Free Cash Flow $807.1M $181.9M $150.4M
YoY Change 4.03% 47.77% -16.58%

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CY2017 us-gaap Asset Impairment Charges
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0 USD
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0 USD
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0 USD
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0 USD
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601035000 USD
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2200000 USD
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CY2016Q4 us-gaap Business Combination Acquisition Related Costs
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17041000 shares
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0.0001
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0.0001
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300000000 shares
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300000000 shares
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6000 USD
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6000 USD
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346970000 USD
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0 USD
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0 USD
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346970000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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4351000 USD
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332000 USD
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23536000 USD
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910460000 USD
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655347000 USD
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44392000 USD
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82890000 USD
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2200000 USD
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3400000 USD
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5500000 USD
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9900000 USD
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11800000 USD
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13100000 USD
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17633000 USD
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0 USD
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5409000 USD
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5409000 USD
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1.49
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CY2016 us-gaap Earnings Per Share Basic
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1.44
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1.06
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3.87
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8.13
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5.23
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1.21
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1.85
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1.45
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1.91
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6.41
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1.41
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1.72
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1.03
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3.79
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7.96
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5046000 USD
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0.244
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0.254
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-0.108
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0.125
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0.125
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.125
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-0.006
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.028
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.045
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.018
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.191
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.167
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.203
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.019
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.018
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.026
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0.003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.005
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.036
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.033
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.028
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.038
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.028
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.026
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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20071000 USD
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30022000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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21792000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
8900000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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400000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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8300000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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421687000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
578017000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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1793680000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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209912000 USD
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204922000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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205655000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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206706000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
209674000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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1491768000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
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3408566000 USD
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1070081000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
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2830549000 USD
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1445000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3372000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-9969000 USD
CY2017 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
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100000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-172000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-47000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-473000 USD
CY2016Q4 us-gaap Goodwill
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893810000 USD
CY2017Q4 us-gaap Goodwill
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947537000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
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53727000 USD
CY2016Q1 us-gaap Gross Profit
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310477000 USD
CY2016Q2 us-gaap Gross Profit
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355130000 USD
CY2016Q3 us-gaap Gross Profit
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347310000 USD
CY2016Q4 us-gaap Gross Profit
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358958000 USD
CY2017Q1 us-gaap Gross Profit
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348613000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
360983000 USD
CY2017Q3 us-gaap Gross Profit
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376768000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
404847000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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233785000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
179570000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
77476000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
285420000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
312904000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
271440000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
435933000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
532446000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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441117000 USD
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CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxesPaid
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CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
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IncreaseDecreaseInAccountsPayable
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361000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
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214000 USD
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24841000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
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2986000 USD
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11989000 USD
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21009000 USD
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17024000 USD
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26562000 USD
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15700000 USD
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1804000 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1370000 shares
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1299000 shares
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InterestExpenseDebt
26500000 USD
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27500000 USD
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11600000 USD
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14982000 USD
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575000000 USD
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40605000 USD
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76700000 USD
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0 USD
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0 USD
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1 Segment
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174760000 USD
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OperatingIncomeLoss
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OperatingIncomeLoss
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OperatingIncomeLoss
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6111000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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14060000 USD
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0 USD
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CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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0 USD
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212000 USD
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176455000 USD
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0 USD
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1502443000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
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150000000 USD
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385000000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
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0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
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40523000 USD
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24174000 USD
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31824000 USD
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0 USD
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230000000 USD
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487848000 USD
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139632000 USD
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170080000 USD
CY2017 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2015 us-gaap Repayments Of Lines Of Credit
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160000000 USD
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150000000 USD
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850000000 USD
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28304000 USD
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36094000 USD
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0 USD
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23750000 USD
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85000000 USD
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162297000 USD
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198442000 USD
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CY2015 us-gaap Revenues
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Revenues
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Revenues
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374181000 USD
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396621000 USD
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CY2017Q2 us-gaap Revenues
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411855000 USD
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436399000 USD
CY2017 us-gaap Revenues
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1618693000 USD
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1316819000 USD
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1477261000 USD
CY2017 us-gaap Sales Revenue Goods Net
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1601399000 USD
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449119000 USD
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SellingGeneralAndAdministrativeExpense
502892000 USD
CY2017 us-gaap Selling General And Administrative Expense
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544156000 USD
CY2015 us-gaap Share Based Compensation
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91550000 USD
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ShareBasedCompensation
98771000 USD
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ShareBasedCompensation
106900000 USD
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2976000 shares
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108.45
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93300000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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36100000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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38900000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
101000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
241000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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1402000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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124032000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4513000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5145000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
111.52
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
121.06
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
123206000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4896000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
120.27
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
53.03
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
165.49
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
140.04
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
137.46
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
116822000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M2D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y8M20D
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
428000 shares
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7541000 USD
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
7294000 USD
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
9141000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
32982000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
16880000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22683000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
61553000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
278296000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
98799000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1877339000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4300000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
19200000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2713097000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1371208000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1598646000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1877339000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2713097000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4506000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
21577000 USD
CY2016Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1200000000 USD
CY2017Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1700000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
40802000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
66385000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90910000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106162000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
646000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
255000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1075000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
23664000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
26873000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
27875000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2833000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1191000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1620000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
268000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3284000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
13168000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
61000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
73500000 USD
CY2017Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
46300000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63036000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61870000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61317000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61232000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60500000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60018000 shares
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures in the consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on assumptions believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.</font></div></div>

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