2019 Q1 Form 10-K Financial Statement

#000007233319000060 Filed on March 18, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2018
Revenue $4.483B $4.702B $15.48B
YoY Change -4.66% 10.82% 4.89%
Cost Of Revenue $2.844B $2.969B $9.890B
YoY Change -4.21% 9.15% 4.77%
Gross Profit $1.540B $1.733B $5.247B
YoY Change -11.14% 13.79% 3.74%
Gross Profit Margin 34.35% 36.86% 33.9%
Selling, General & Admin $1.308B $1.382B $4.662B
YoY Change -5.35% 17.92% 8.04%
% of Gross Profit 84.94% 79.75% 88.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $171.0M $187.0M $666.0M
YoY Change -8.56% 13.33% 3.26%
% of Gross Profit 11.1% 10.79% 12.69%
Operating Expenses $1.308B $1.382B $4.662B
YoY Change -5.35% 17.92% 8.04%
Operating Profit $232.0M $351.0M $585.0M
YoY Change -33.9% 0.0% -21.27%
Interest Expense -$23.00M -$32.00M $136.0M
YoY Change -28.13% 3.23% 12.4%
% of Operating Profit -9.91% -9.12% 23.25%
Other Income/Expense, Net
YoY Change
Pretax Income $310.0M $319.0M $803.0M
YoY Change -2.82% -18.83% 16.89%
Income Tax $62.00M $126.0M $353.0M
% Of Pretax Income 20.0% 39.5% 43.96%
Net Earnings $248.0M $151.0M $437.0M
YoY Change 64.24% -24.88% 23.45%
Net Earnings / Revenue 5.53% 3.21% 2.82%
Basic Earnings Per Share $1.50 $2.62
Diluted Earnings Per Share $1.48 $892.4K $2.59
COMMON SHARES
Basic Shares Outstanding 155.0M shares 167.8M shares 166.8M shares
Diluted Shares Outstanding 168.9M shares

Balance Sheet

Concept 2019 Q1 2018 Q1 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $957.0M $1.181B $1.181B
YoY Change -18.97% 17.28% 17.28%
Cash & Equivalents $957.0M $1.181B $1.181B
Short-Term Investments
Other Short-Term Assets $291.0M $150.0M $150.0M
YoY Change 94.0% 7.14% 7.14%
Inventory $1.978B $2.027B $2.027B
Prepaid Expenses
Receivables $148.0M $145.0M $145.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.374B $3.503B $3.503B
YoY Change -3.68% 8.05% 8.05%
LONG-TERM ASSETS
Property, Plant & Equipment $3.921B $3.939B $3.939B
YoY Change -0.46% 1.08% 1.08%
Goodwill $249.0M $238.0M
YoY Change 4.62% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $342.0M $435.0M $435.0M
YoY Change -21.38% -9.56% -9.56%
Total Long-Term Assets $4.512B $4.612B $4.612B
YoY Change -2.17% -0.09% -0.09%
TOTAL ASSETS
Total Short-Term Assets $3.374B $3.503B $3.503B
Total Long-Term Assets $4.512B $4.612B $4.612B
Total Assets $7.886B $8.115B $8.115B
YoY Change -2.82% 3.27% 3.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.469B $1.409B $1.409B
YoY Change 4.26% 5.15% 5.15%
Accrued Expenses $580.0M $578.0M $578.0M
YoY Change 0.35% 27.03% 27.03%
Deferred Revenue $548.0M $548.0M
YoY Change 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000M $56.00M $56.00M
YoY Change -85.71% 409.09% 409.09%
Total Short-Term Liabilities $3.381B $3.289B $3.289B
YoY Change 2.8% 8.58% 8.58%
LONG-TERM LIABILITIES
Long-Term Debt $2.677B $2.681B $2.681B
YoY Change -0.15% -2.97% -2.97%
Other Long-Term Liabilities $498.0M $673.0M $1.168B
YoY Change -26.0% -0.3% -2.34%
Total Long-Term Liabilities $498.0M $673.0M $3.849B
YoY Change -26.0% -0.3% -2.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.381B $3.289B $3.289B
Total Long-Term Liabilities $498.0M $673.0M $3.849B
Total Liabilities $3.879B $3.962B $7.138B
YoY Change -2.09% 6.97% 2.15%
SHAREHOLDERS EQUITY
Retained Earnings -$2.138B -$1.810B
YoY Change 18.12% 0.89%
Common Stock $3.048B $2.816B
YoY Change 8.24% 4.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $873.0M $977.0M $977.0M
YoY Change
Total Liabilities & Shareholders Equity $7.886B $8.115B $8.115B
YoY Change -2.82% 3.27% 3.27%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2018
OPERATING ACTIVITIES
Net Income $248.0M $151.0M $437.0M
YoY Change 64.24% -24.88% 23.45%
Depreciation, Depletion And Amortization $171.0M $187.0M $666.0M
YoY Change -8.56% 13.33% 3.26%
Cash From Operating Activities $654.0M $803.0M $1.400B
YoY Change -18.56% 3.48% -15.56%
INVESTING ACTIVITIES
Capital Expenditures -$225.0M -$195.0M -$731.0M
YoY Change 15.38% -11.76% -13.59%
Acquisitions
YoY Change
Other Investing Activities $20.00M $18.00M -$31.00M
YoY Change 11.11% 125.0% -43.64%
Cash From Investing Activities -$205.0M -$177.0M -$684.0M
YoY Change 15.82% -16.9% -13.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $211.0M
YoY Change -23.83%
Debt Paid & Issued, Net $661.0M
YoY Change 6510.0%
Cash From Financing Activities -619.0M -117.0M -$542.0M
YoY Change 429.06% 34.48% 19.12%
NET CHANGE
Cash From Operating Activities 654.0M 803.0M $1.400B
Cash From Investing Activities -205.0M -177.0M -$684.0M
Cash From Financing Activities -619.0M -117.0M -$542.0M
Net Change In Cash -170.0M 509.0M $174.0M
YoY Change -133.4% 6.93% -57.77%
FREE CASH FLOW
Cash From Operating Activities $654.0M $803.0M $1.400B
Capital Expenditures -$225.0M -$195.0M -$731.0M
Free Cash Flow $879.0M $998.0M $2.131B
YoY Change -11.92% 0.1% -14.9%

Facts In Submission

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CY2019Q1 us-gaap Common Stock Value
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CY2018 us-gaap Comprehensive Income Net Of Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax
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CY2018Q1 us-gaap Contract With Customer Liability Current
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CY2019Q1 us-gaap Contract With Customer Liability Current
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CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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CY2017 us-gaap Current Federal Tax Expense Benefit
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CY2018 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2017 us-gaap Current Foreign Tax Expense Benefit
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CY2018 us-gaap Current Foreign Tax Expense Benefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
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CY2017 us-gaap Current Income Tax Expense Benefit
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CY2018 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2017 us-gaap Current State And Local Tax Expense Benefit
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CY2018 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019Q1 us-gaap Deferred Income Tax Assets Net
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2019Q1 us-gaap Deferred Income Tax Liabilities Net
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019Q1 us-gaap Deferred Tax Assets Inventory
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CY2019Q1 us-gaap Deferred Tax Assets Net
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CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
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CY2018Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
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CY2019Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
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CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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CY2019Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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CY2017 us-gaap Dividends Cash
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us-gaap Earnings Per Share Basic
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2018Q1 us-gaap Employee Related Liabilities Current
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CY2019Q1 us-gaap Goodwill
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CY2019 us-gaap Goodwill Acquired During Period
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CY2019 us-gaap Goodwill Impairment Loss
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us-gaap Gross Profit
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CY2019 us-gaap Gross Profit
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CY2019 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2019 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Income Taxes Paid Net
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363000000 USD
CY2019 us-gaap Income Taxes Paid Net
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280000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
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77000000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2017 us-gaap Increase Decrease In Employee Related Liabilities
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38000000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
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121000000 USD
CY2019 us-gaap Increase Decrease In Employee Related Liabilities
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1000000 USD
CY2017 us-gaap Increase Decrease In Inventories
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CY2018 us-gaap Increase Decrease In Inventories
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62000000 USD
CY2019 us-gaap Increase Decrease In Inventories
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CY2018 us-gaap Increase Decrease In Other Current Liabilities
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48000000 USD
CY2019 us-gaap Increase Decrease In Other Current Liabilities
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15000000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Liabilities
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34000000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
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24000000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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21000000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2017 us-gaap Increase Decrease In Receivables
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CY2019 us-gaap Increase Decrease In Receivables
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4000000 USD
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2400000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2100000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2700000 shares
CY2017 us-gaap Interest Costs Capitalized
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25000000 USD
CY2018 us-gaap Interest Costs Capitalized
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27000000 USD
CY2019 us-gaap Interest Costs Capitalized
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27000000 USD
CY2017 us-gaap Interest Costs Incurred
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147000000 USD
CY2018 us-gaap Interest Costs Incurred
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168000000 USD
CY2019 us-gaap Interest Costs Incurred
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146000000 USD
CY2017 us-gaap Interest Expense
InterestExpense
121000000 USD
CY2018 us-gaap Interest Expense
InterestExpense
136000000 USD
CY2019 us-gaap Interest Expense
InterestExpense
104000000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
134000000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
143000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
118000000 USD
CY2018Q1 us-gaap Inventory Net
InventoryNet
2027000000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
1978000000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000000 USD
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
5000000 USD
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
202000000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
250000000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
251000000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8115000000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7886000000 USD
CY2018Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3289000000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3381000000 USD
CY2018Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2681000000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2677000000 USD
CY2018Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
56000000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8000000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1764000000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8000000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
500000000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
502000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-455000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-542000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-867000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-791000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-684000000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-653000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1658000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1400000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1296000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
354000000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
63000000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
110000000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
114000000 USD
us-gaap Net Income Loss
NetIncomeLoss
151000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
437000000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
87000000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
162000000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
67000000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
248000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
564000000 USD
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
40 state
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2609000000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
322000000 USD
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
12000000 USD
CY2018 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
11000000 USD
CY2019 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
9000000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
435000000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
342000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
14000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
20000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-17000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
15000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
6000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-14000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
2000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-5000000 USD
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1246000000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1324000000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
673000000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
498000000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-55000000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-31000000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
277000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
211000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
678000000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
256000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
247000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
250000000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5000000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7000000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
20000000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
846000000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
731000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
654000000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
9000000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
10000000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
200000000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
190000000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
191000000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
180000000 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
150000000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
291000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
635000000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
83000000 USD
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
39000000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
163000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
6000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-35000000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-26000000 USD
CY2017 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
4000000 USD
CY2018 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-55000000 USD
CY2019 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
0 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10044000000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10568000000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3939000000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3921000000 USD
CY2018Q4 us-gaap Quantifying Misstatement In Current Year Financial Statements Amount
QuantifyingMisstatementInCurrentYearFinancialStatementsAmount
16000000 USD
CY2018Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
145000000 USD
CY2019Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
148000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
661000000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
56000000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1810000000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2138000000 USD
CY2017 us-gaap Revenues
Revenues
14757000000 USD
CY2018 us-gaap Revenues
Revenues
15478000000 USD
CY2019 us-gaap Revenues
Revenues
15860000000 USD
CY2018Q1 us-gaap Secured Debt
SecuredDebt
18000000 USD
CY2019Q1 us-gaap Secured Debt
SecuredDebt
10000000 USD
CY2018Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
115000000 USD
CY2019Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
117000000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4315000000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1048000000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1125000000 USD
CY2017Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1106000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1383000000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4662000000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1120000000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1232000000 USD
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1208000000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1308000000 USD
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4868000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
91000000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
77000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
90000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
400000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
46
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2200000 shares
CY2019 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
49
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3300000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3900000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
45
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
47
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1200000 shares
CY2019 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
46
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.022
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.024
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.368
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.401
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y11M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y1M
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
83000000 USD
CY2016Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
811000000 USD
CY2017Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
529000000 USD
CY2018Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
414000000 USD
CY2019Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
893000000 USD
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5900000 shares
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4600000 shares
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
39000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
163000000 USD
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
14300000 shares
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
282000000 USD
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
206000000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
702000000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
871000000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
870000000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
977000000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
873000000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32000000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
31000000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
30000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
14000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
16000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
9000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
18000000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
26000000 USD
CY2019Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
1865000000 USD
CY2018Q1 us-gaap Unsecured Debt
UnsecuredDebt
2719000000 USD
CY2019Q1 us-gaap Unsecured Debt
UnsecuredDebt
2675000000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
9000000 USD
CY2018Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
51000000 USD
CY2019Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
43000000 USD
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175600000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168900000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
173200000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166800000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167300000 shares
CY2019 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">Fiscal Year</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">We operate on a 52/53-week fiscal year ending on the Saturday closest to January&#160;31st.</font><font style="font-family:Arial Narrow;font-size:10pt;"> References to 2018 and all years except 2017 within this document are based on a 52-week fiscal year, while 2017 is based on a 53-week fiscal year.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities during the reporting period. Uncertainties regarding such estimates and assumptions are inherent in the preparation of financial statements and actual results may differ from these estimates and assumptions. Our most significant accounting judgments and estimates include revenue recognition, inventory valuation, long-lived asset recoverability and income taxes.</font></div></div>

Files In Submission

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