2015 Form 10-K Financial Statement

#000005578516000138 Filed on February 11, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014
Revenue $18.59B $4.828B $19.72B
YoY Change -5.74% 29.99% 0.83%
Cost Of Revenue $11.97B $3.275B $13.04B
YoY Change -8.24% 29.34% 0.69%
Gross Profit $6.624B $1.553B $6.683B
YoY Change -0.88% 31.39% 1.12%
Gross Profit Margin 35.63% 32.17% 33.88%
Selling, General & Admin $3.443B $971.0M $3.709B
YoY Change -7.17% 44.93% 0.27%
% of Gross Profit 51.98% 62.52% 55.5%
Research & Development $324.0M $368.0M
YoY Change -11.96% 10.51%
% of Gross Profit 4.89% 5.51%
Depreciation & Amortization $746.0M $207.0M $862.0M
YoY Change -13.46% -6.76% -0.12%
% of Gross Profit 11.26% 13.33% 12.9%
Operating Expenses $324.0M $1.395B $368.0M
YoY Change -11.96% 109.77% 10.51%
Operating Profit $1.613B $158.0M $2.521B
YoY Change -36.02% -69.44% -13.16%
Interest Expense $295.0M -$64.00M $284.0M
YoY Change 3.87% -4.48% 0.71%
% of Operating Profit 18.29% -40.51% 11.27%
Other Income/Expense, Net
YoY Change
Pretax Income $451.0M $94.00M $1.571B
YoY Change -71.29% -79.11% 0.9%
Income Tax $418.0M $175.0M $856.0M
% Of Pretax Income 92.68% 186.17% 54.49%
Net Earnings $1.013B -$83.00M $1.526B
YoY Change -33.62% -115.4% -28.76%
Net Earnings / Revenue 5.45% -1.72% 7.74%
Basic Earnings Per Share $2.78 $4.07
Diluted Earnings Per Share $2.77 -$224.3K $4.04
COMMON SHARES
Basic Shares Outstanding 363.8M shares 372.5M shares 374.5M shares
Diluted Shares Outstanding 366.3M shares 377.4M shares

Balance Sheet

Concept 2015 2014 Q4 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $619.0M $789.0M $789.0M
YoY Change -21.55% -25.14% -25.14%
Cash & Equivalents $619.0M $789.0M $789.0M
Short-Term Investments
Other Short-Term Assets $617.0M $655.0M $655.0M
YoY Change -5.8% -8.77% -8.77%
Inventory $1.909B $1.892B $1.892B
Prepaid Expenses
Receivables $1.952B $2.223B $2.013B
Other Receivables $329.0M $210.0M $210.0M
Total Short-Term Assets $5.426B $5.559B $5.559B
YoY Change -2.39% -15.13% -15.13%
LONG-TERM ASSETS
Property, Plant & Equipment $7.104B $7.359B $7.359B
YoY Change -3.47% -7.41% -7.41%
Goodwill $1.628B
YoY Change -48.82%
Intangibles $109.0M
YoY Change -55.14%
Long-Term Investments $247.0M $257.0M $257.0M
YoY Change -3.89% -32.72% -32.72%
Other Assets $525.0M $723.0M $614.0M
YoY Change -14.5% 17.56% -0.16%
Total Long-Term Assets $9.416B $9.967B $9.967B
YoY Change -5.53% -19.42% -19.42%
TOTAL ASSETS
Total Short-Term Assets $5.426B $5.559B $5.559B
Total Long-Term Assets $9.416B $9.967B $9.967B
Total Assets $14.84B $15.53B $15.53B
YoY Change -4.41% -17.93% -17.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.612B $2.616B $2.616B
YoY Change -0.15% 0.69% 0.69%
Accrued Expenses $1.421B $1.974B $1.644B
YoY Change -13.56% -4.17% -4.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.669B $549.0M $1.326B
YoY Change 25.87% 75.96% 50.51%
Total Short-Term Liabilities $6.349B $6.226B $6.226B
YoY Change 1.98% 6.46% 6.46%
LONG-TERM LIABILITIES
Long-Term Debt $6.170B $5.630B $5.702B
YoY Change 8.21% 4.53% 4.47%
Other Long-Term Liabilities $1.517B $319.0M $2.012B
YoY Change -24.6% -7.27% 21.5%
Total Long-Term Liabilities $7.687B $5.949B $7.714B
YoY Change -0.35% 3.82% 8.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.349B $6.226B $6.226B
Total Long-Term Liabilities $7.687B $5.949B $7.714B
Total Liabilities $15.02B $12.18B $14.80B
YoY Change 1.48% 5.16% 5.22%
SHAREHOLDERS EQUITY
Retained Earnings $8.470B
YoY Change -12.81%
Common Stock $536.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.597B
YoY Change 49.41%
Treasury Stock Shares 63.26M shares
Shareholders Equity -$174.0M $729.0M $729.0M
YoY Change
Total Liabilities & Shareholders Equity $14.84B $15.53B $15.53B
YoY Change -4.41% -17.93% -17.93%

Cashflow Statement

Concept 2015 2014 Q4 2014
OPERATING ACTIVITIES
Net Income $1.013B -$83.00M $1.526B
YoY Change -33.62% -115.4% -28.76%
Depreciation, Depletion And Amortization $746.0M $207.0M $862.0M
YoY Change -13.46% -6.76% -0.12%
Cash From Operating Activities $2.306B $590.0M $2.845B
YoY Change -18.95% -37.57% -6.41%
INVESTING ACTIVITIES
Capital Expenditures -$1.056B -$309.0M -$1.039B
YoY Change 1.64% 20.7% 9.02%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $12.00M $64.00M -$54.00M
YoY Change -122.22% 3100.0% -460.0%
Cash From Investing Activities -$1.050B -$245.0M -$770.0M
YoY Change 36.36% -3.54% -8.77%
FINANCING ACTIVITIES
Cash Dividend Paid $1.272B $1.256B
YoY Change 1.27% 2.7%
Common Stock Issuance & Retirement, Net $861.0M $1.939B
YoY Change -55.6% 59.46%
Debt Paid & Issued, Net $553.0M $123.0M
YoY Change 349.59% -77.39%
Cash From Financing Activities -$1.298B -570.0M -1.893B
YoY Change -31.43% -31.49% -13.36%
NET CHANGE
Cash From Operating Activities $2.306B 590.0M 2.845B
Cash From Investing Activities -$1.050B -245.0M -770.0M
Cash From Financing Activities -$1.298B -570.0M -1.893B
Net Change In Cash -$42.00M -225.0M 182.0M
YoY Change -123.08% 59.57% 1554.55%
FREE CASH FLOW
Cash From Operating Activities $2.306B $590.0M $2.845B
Capital Expenditures -$1.056B -$309.0M -$1.039B
Free Cash Flow $3.362B $899.0M $3.884B
YoY Change -13.44% -25.15% -2.73%

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1669000000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
85000000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
67000000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-180000000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
52000000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
20000000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
151000000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
63000000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-255000000 USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1984000000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1839000000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
14000000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-16000000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-74000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2088000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1724000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1873000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1450000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
667000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
599000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
538000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
443000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
883000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
682000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
215000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
274000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
111000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
389000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
587000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
766000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
339000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
281000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1162000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1118000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
223000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
186000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
6696000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
3847000000 USD
CY2015 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-1061000000 USD
CY2015 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-46000000 USD
CY2015 us-gaap Defined Benefit Plan Future Amortization Of Gain Loss
DefinedBenefitPlanFutureAmortizationOfGainLoss
-52000000 USD
CY2015 us-gaap Defined Benefit Plan Future Amortization Of Prior Service Cost Credit
DefinedBenefitPlanFutureAmortizationOfPriorServiceCostCredit
-10000000 USD
CY2015 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.058
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
4111000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1696000000 USD
CY2015 us-gaap Defined Benefit Plan Significant Concentrations Of Risk
DefinedBenefitPlanSignificantConcentrationsOfRisk
there were no significant concentrations of equity or debt securities in any single issuer or industry.
CY2015 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.046
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
117000000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
121000000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
107000000 USD
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
863000000 USD
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
862000000 USD
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
746000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
54000000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
56000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
112000000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
42000000 USD
CY2014Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
113000000 USD
CY2015Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
36000000 USD
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.53
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.13
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.52
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.13
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2014Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
310000000 USD
CY2015Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
318000000 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.58
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.07
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.78
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.53
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.04
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.77
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-63000000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-447000000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-128000000 USD
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.314
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.380
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.313
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.018
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.009
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
35000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
29000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
1197000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
1016000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
1103000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
847000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
690000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
508000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
629000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
403000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
520000000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
950000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
781000000 USD
CY2015 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
773000000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
426000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
304000000 USD
CY2015 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
308000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
1124000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
1040000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
993000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
845000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
963000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
1068000000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2638000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2452000000 USD
CY2015 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2255000000 USD
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
257000000 USD
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
247000000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
50000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
37000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
37000000 USD
CY2015 us-gaap Fair Value Hedge Ineffectiveness Is Immaterial Assertion
FairValueHedgeIneffectivenessIsImmaterialAssertion
Fair value hedges resulted in no significant ineffectiveness in each of the three years ended December 31, 2015
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
121000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
122000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
216000000 USD
CY2015 us-gaap Gain From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
GainFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
0 USD
CY2015 us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2013 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-74000000 USD
CY2014 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-192000000 USD
CY2015 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-188000000 USD
CY2013 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-11000000 USD
CY2014 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-21000000 USD
CY2015 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-17000000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
3181000000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
1628000000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
1446000000 USD
CY2014 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-124000000 USD
CY2015 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-182000000 USD
CY2013 us-gaap Gross Profit
GrossProfit
6609000000 USD
CY2014 us-gaap Gross Profit
GrossProfit
6683000000 USD
CY2015 us-gaap Gross Profit
GrossProfit
6624000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1557000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1571000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
451000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1084000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
684000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
884000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2641000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2255000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1335000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2018000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1545000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1066000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.05
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.94
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.78
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.01
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.91
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.77
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
203000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
50000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
205000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
146000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
149000000 USD
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
36000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-28000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10000000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
828000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
856000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
418000000 USD
CY2013 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
151000000 USD
CY2014 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
71000000 USD
CY2015 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-255000000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
776000000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
926000000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
695000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
128000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-30000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
44000000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-267000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-60000000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-177000000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-120000000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-110000000 USD
CY2013 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-90000000 USD
CY2014 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-159000000 USD
CY2015 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-81000000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-100000000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-12000000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28000000 USD
CY2013 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
158000000 USD
CY2014 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
176000000 USD
CY2015 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
445000000 USD
CY2013 us-gaap Increase Decrease In Risk Management Assets And Liabilities
IncreaseDecreaseInRiskManagementAssetsAndLiabilities
-5000000 USD
CY2014 us-gaap Increase Decrease In Risk Management Assets And Liabilities
IncreaseDecreaseInRiskManagementAssetsAndLiabilities
-103000000 USD
CY2015 us-gaap Increase Decrease In Risk Management Assets And Liabilities
IncreaseDecreaseInRiskManagementAssetsAndLiabilities
63000000 USD
CY2013 us-gaap Interest Expense
InterestExpense
282000000 USD
CY2014 us-gaap Interest Expense
InterestExpense
284000000 USD
CY2015 us-gaap Interest Expense
InterestExpense
295000000 USD
CY2013 us-gaap Interest Paid
InterestPaid
307000000 USD
CY2014 us-gaap Interest Paid
InterestPaid
300000000 USD
CY2015 us-gaap Interest Paid
InterestPaid
308000000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1183000000 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1214000000 USD
CY2014Q4 us-gaap Inventory Gross
InventoryGross
2112000000 USD
CY2015Q4 us-gaap Inventory Gross
InventoryGross
2092000000 USD
CY2014Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
220000000 USD
CY2015Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
183000000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
1892000000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
1909000000 USD
CY2014Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
426000000 USD
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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170000000 USD
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CY2014Q4 us-gaap Treasury Stock Shares
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CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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63000000 USD
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28000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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40000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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37000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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87000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
59000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
73000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
36000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
80000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
156000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
698000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
144000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
170000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
139000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387300000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
377400000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
366300000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
384000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
374500000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
363800000 shares
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of Estimates </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Actual results could differ from these estimates, and changes in these estimates are recorded when known. Estimates are used in accounting for, among other things, sales incentives and trade promotion allowances, employee postretirement benefits, and deferred income taxes and potential assessments.</font></div></div>

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0000055785-16-000138.txt Edgar Link pending
0000055785-16-000138-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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kmb-20151231.xml Edgar Link completed
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kmb-20151231_cal.xml Edgar Link unprocessable
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