2016 Q4 Form 10-K Financial Statement

#000005578517000017 Filed on February 08, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2014 Q4
Revenue $4.629B $4.539B $4.828B
YoY Change 1.98% -5.99% 29.99%
Cost Of Revenue $2.911B $2.913B $3.275B
YoY Change -0.07% -11.05% 29.34%
Gross Profit $1.718B $1.626B $1.553B
YoY Change 5.66% 4.7% 31.39%
Gross Profit Margin 37.11% 35.82% 32.17%
Selling, General & Admin $795.0M $857.0M $971.0M
YoY Change -7.23% -11.74% 44.93%
% of Gross Profit 46.27% 52.71% 62.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $177.0M $181.0M $207.0M
YoY Change -2.21% -12.56% -6.76%
% of Gross Profit 10.3% 11.13% 13.33%
Operating Expenses $813.0M $996.0M $1.395B
YoY Change -18.37% -28.6% 109.77%
Operating Profit $905.0M $630.0M $158.0M
YoY Change 43.65% 298.73% -69.44%
Interest Expense -$79.00M -$71.00M -$64.00M
YoY Change 11.27% 10.94% -4.48%
% of Operating Profit -8.73% -11.27% -40.51%
Other Income/Expense, Net -$66.00M
YoY Change
Pretax Income $760.0M $559.0M $94.00M
YoY Change 35.96% 494.68% -79.11%
Income Tax $271.0M $252.0M $175.0M
% Of Pretax Income 35.66% 45.08% 186.17%
Net Earnings $505.0M $333.0M -$83.00M
YoY Change 51.65% -501.2% -115.4%
Net Earnings / Revenue 10.91% 7.34% -1.72%
Basic Earnings Per Share
Diluted Earnings Per Share $1.404M $913.6K -$224.3K
COMMON SHARES
Basic Shares Outstanding 358.2M shares 363.0M shares 372.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $923.0M $619.0M $789.0M
YoY Change 49.11% -21.55% -25.14%
Cash & Equivalents $923.0M $619.0M $789.0M
Short-Term Investments
Other Short-Term Assets $337.0M $617.0M $655.0M
YoY Change -45.38% -5.8% -8.77%
Inventory $1.679B $1.909B $1.892B
Prepaid Expenses
Receivables $2.176B $2.281B $2.223B
Other Receivables $0.00 $329.0M $210.0M
Total Short-Term Assets $5.115B $5.426B $5.559B
YoY Change -5.73% -2.39% -15.13%
LONG-TERM ASSETS
Property, Plant & Equipment $7.169B $7.104B $7.359B
YoY Change 0.91% -3.47% -7.41%
Goodwill $1.480B $1.446B $1.628B
YoY Change 2.35% -11.18% -48.82%
Intangibles $109.0M
YoY Change -55.14%
Long-Term Investments $257.0M $247.0M $257.0M
YoY Change 4.05% -3.89% -32.72%
Other Assets $581.0M $619.0M $723.0M
YoY Change -6.14% -14.38% 17.56%
Total Long-Term Assets $9.487B $9.416B $9.967B
YoY Change 0.75% -5.53% -19.42%
TOTAL ASSETS
Total Short-Term Assets $5.115B $5.426B $5.559B
Total Long-Term Assets $9.487B $9.416B $9.967B
Total Assets $14.60B $14.84B $15.53B
YoY Change -1.62% -4.41% -17.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.609B $2.612B $2.616B
YoY Change -0.11% -0.15% 0.69%
Accrued Expenses $1.775B $1.750B $1.974B
YoY Change 1.43% -11.35% -4.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $963.0M $598.0M $549.0M
YoY Change 61.04% 8.93% 75.96%
Total Short-Term Liabilities $5.846B $6.349B $6.226B
YoY Change -7.92% 1.98% 6.46%
LONG-TERM LIABILITIES
Long-Term Debt $6.439B $6.106B $5.630B
YoY Change 5.45% 8.45% 4.53%
Other Long-Term Liabilities $309.0M $380.0M $319.0M
YoY Change -18.68% 19.12% -7.27%
Total Long-Term Liabilities $6.748B $6.486B $5.949B
YoY Change 4.04% 9.03% 3.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.846B $6.349B $6.226B
Total Long-Term Liabilities $6.748B $6.486B $5.949B
Total Liabilities $12.59B $12.84B $12.18B
YoY Change -1.88% 5.42% 5.16%
SHAREHOLDERS EQUITY
Retained Earnings $5.831B $4.994B $8.470B
YoY Change 16.76% -41.04% -12.81%
Common Stock $473.0M $473.0M $536.0M
YoY Change 0.0% -11.75% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.629B $2.972B $5.597B
YoY Change 22.11% -46.9% 49.41%
Treasury Stock Shares 22.03M shares 17.74M shares 63.26M shares
Shareholders Equity -$102.0M -$174.0M $729.0M
YoY Change
Total Liabilities & Shareholders Equity $14.60B $14.84B $15.53B
YoY Change -1.62% -4.41% -17.93%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $505.0M $333.0M -$83.00M
YoY Change 51.65% -501.2% -115.4%
Depreciation, Depletion And Amortization $177.0M $181.0M $207.0M
YoY Change -2.21% -12.56% -6.76%
Cash From Operating Activities $871.0M $665.0M $590.0M
YoY Change 30.98% 12.71% -37.57%
INVESTING ACTIVITIES
Capital Expenditures -$189.0M -$258.0M -$309.0M
YoY Change -26.74% -16.5% 20.7%
Acquisitions
YoY Change
Other Investing Activities $33.00M $31.00M $64.00M
YoY Change 6.45% -51.56% 3100.0%
Cash From Investing Activities -$156.0M -$227.0M -$245.0M
YoY Change -31.28% -7.35% -3.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -648.0M -439.0M -570.0M
YoY Change 47.61% -22.98% -31.49%
NET CHANGE
Cash From Operating Activities 871.0M 665.0M 590.0M
Cash From Investing Activities -156.0M -227.0M -245.0M
Cash From Financing Activities -648.0M -439.0M -570.0M
Net Change In Cash 67.00M -1.000M -225.0M
YoY Change -6800.0% -99.56% 59.57%
FREE CASH FLOW
Cash From Operating Activities $871.0M $665.0M $590.0M
Capital Expenditures -$189.0M -$258.0M -$309.0M
Free Cash Flow $1.060B $923.0M $899.0M
YoY Change 14.84% 2.67% -25.15%

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CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1547000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
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1450000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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1322000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
517000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
512000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
443000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
450000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
682000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
499000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
82000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
86000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
274000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
225000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
389000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
298000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
64000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
83000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
766000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
532000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
217000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
253000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1118000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1079000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
186000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
190000000 USD
CY2016 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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-1162000000 USD
CY2016 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-34000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
2096000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
3736000000 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
CY2016Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
3243000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
2115000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
3807000000 USD
CY2016 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.
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
121000000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
107000000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
126000000 USD
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
862000000 USD
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
746000000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
705000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
862000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
746000000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
705000000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
56000000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
43000000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
42000000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
46000000 USD
CY2015Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
36000000 USD
CY2016Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
44000000 USD
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
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0
CY2016 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.13
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
CY2016 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2015Q4 us-gaap Dividends Payable Current
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318000000 USD
CY2016Q4 us-gaap Dividends Payable Current
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329000000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.07
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.78
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.03
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.04
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.77
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.99
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
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-11000000 USD
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.380
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.313
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.306
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
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
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
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.005
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
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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19000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
29000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
28000000 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
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
963000000 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
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
531000000 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
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
554000000 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
CY2016 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
720000000 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
CY2016 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
276000000 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
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
1168000000 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
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
1046000000 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
CY2016 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2138000000 USD
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
247000000 USD
CY2016Q4 us-gaap Equity Method Investments
EquityMethodInvestments
257000000 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
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
19000000 USD
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, 2016
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
122000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
130000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
216000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
213000000 USD
us-gaap Gain From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
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0 USD
us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 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
CY2016 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-30000000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
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CY2015Q4 us-gaap Goodwill
Goodwill
1446000000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
1480000000 USD
CY2015 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-182000000 USD
CY2016 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
34000000 USD
CY2014 us-gaap Gross Profit
GrossProfit
6683000000 USD
CY2015 us-gaap Gross Profit
GrossProfit
6624000000 USD
CY2016 us-gaap Gross Profit
GrossProfit
6651000000 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
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2088000000 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
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3009000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1545000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
921000000 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
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1066000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2219000000 USD
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
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.03
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
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.99
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
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 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
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
132000000 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
CY2016 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
4000000 USD
CY2004 us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2004
CY2005 us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2005
CY2007 us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2007
CY2014 us-gaap Income Tax Expense Benefit
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856000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
418000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
922000000 USD
CY2014 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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71000000 USD
CY2015 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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-255000000 USD
CY2016 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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-15000000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
926000000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
695000000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
744000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
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-30000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
44000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-61000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-267000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-60000000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23000000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
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-120000000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
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-110000000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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26000000 USD
CY2014 us-gaap Increase Decrease In Accrued Taxes Payable
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-159000000 USD
CY2015 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2016 us-gaap Increase Decrease In Accrued Taxes Payable
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121000000 USD
CY2014 us-gaap Increase Decrease In Inventories
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-12000000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28000000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-230000000 USD
CY2014 us-gaap Increase Decrease In Operating Capital
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176000000 USD
CY2015 us-gaap Increase Decrease In Operating Capital
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445000000 USD
CY2016 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-334000000 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
CY2016 us-gaap Increase Decrease In Risk Management Assets And Liabilities
IncreaseDecreaseInRiskManagementAssetsAndLiabilities
-43000000 USD
CY2014 us-gaap Interest Expense
InterestExpense
284000000 USD
CY2015 us-gaap Interest Expense
InterestExpense
295000000 USD
CY2016 us-gaap Interest Expense
InterestExpense
319000000 USD
CY2014 us-gaap Interest Paid
InterestPaid
300000000 USD
CY2015 us-gaap Interest Paid
InterestPaid
308000000 USD
CY2016 us-gaap Interest Paid
InterestPaid
315000000 USD
CY2015Q4 us-gaap Interest Payable Current
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82000000 USD
CY2016Q4 us-gaap Interest Payable Current
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96000000 USD
CY2015Q4 us-gaap Inventory Finished Goods
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1214000000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1030000000 USD
CY2015Q4 us-gaap Inventory Gross
InventoryGross
2092000000 USD
CY2016Q4 us-gaap Inventory Gross
InventoryGross
1842000000 USD
CY2015Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
183000000 USD
CY2016Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
163000000 USD
CY2015Q4 us-gaap Inventory Net
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1909000000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
1679000000 USD
CY2015Q4 us-gaap Inventory Raw Materials
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397000000 USD
CY2016Q4 us-gaap Inventory Raw Materials
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329000000 USD
CY2015Q4 us-gaap Inventory Work In Process
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203000000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
203000000 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
18000000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
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0.134
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0.134
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0.160
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0.017
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0.015
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<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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0000055785-17-000017.txt Edgar Link pending
0000055785-17-000017-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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