2015 Q4 Form 10-K Financial Statement

#000092014816000162 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4 2014 Q3
Revenue $2.245B $1.513B $1.552B
YoY Change 48.4% 5.27% 6.13%
Cost Of Revenue $1.560B $966.2M $980.6M
YoY Change 61.45% 6.07% 7.22%
Gross Profit $740.7M $546.5M $571.2M
YoY Change 35.54% 3.88% 4.31%
Gross Profit Margin 33.0% 36.13% 36.81%
Selling, General & Admin $406.2M $315.8M $305.7M
YoY Change 28.63% 10.54% 9.57%
% of Gross Profit 54.84% 57.79% 53.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $113.3M $63.50M $58.50M
YoY Change 78.43% 6.19% 1.04%
% of Gross Profit 15.3% 11.62% 10.24%
Operating Expenses $450.1M $331.2M $305.7M
YoY Change 35.9% 7.85% 9.57%
Operating Profit $290.6M $215.3M $241.4M
YoY Change 34.97% -1.69% -1.31%
Interest Expense -$53.90M -$28.00M $25.90M
YoY Change 92.5% 42.86% 4.86%
% of Operating Profit -18.55% -13.01% 10.73%
Other Income/Expense, Net -$3.400M -$3.500M -$22.40M
YoY Change -2.86% 191.67% 53.42%
Pretax Income $179.2M $181.4M $219.0M
YoY Change -1.21% -6.59% -4.78%
Income Tax $69.00M $61.50M $81.50M
% Of Pretax Income 38.5% 33.9% 37.21%
Net Earnings $110.0M $119.6M $137.2M
YoY Change -8.03% -5.38% -7.48%
Net Earnings / Revenue 4.9% 7.91% 8.84%
Basic Earnings Per Share $1.09 $1.41 $1.62
Diluted Earnings Per Share $1.07 $1.37 $1.59
COMMON SHARES
Basic Shares Outstanding 101.2M shares 84.50M shares 84.90M shares
Diluted Shares Outstanding 86.50M shares

Balance Sheet

Concept 2015 Q4 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $716.0M $580.0M $576.0M
YoY Change 23.45% 43.56% 231.03%
Cash & Equivalents $716.4M $580.0M $575.7M
Short-Term Investments
Other Short-Term Assets $339.0M $158.0M $131.0M
YoY Change 114.56% 47.66% 32.32%
Inventory $191.0M $139.5M $138.8M
Prepaid Expenses $339.3M $157.5M $126.3M
Receivables $1.218B $815.7M $841.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.621B $1.693B $1.688B
YoY Change 54.85% 18.2% 39.15%
LONG-TERM ASSETS
Property, Plant & Equipment $1.747B $786.5M $754.7M
YoY Change 122.17% 11.18% 12.21%
Goodwill $6.424B $6.202B $3.066B
YoY Change 3.58% 105.18% 2.52%
Intangibles $3.324B $1.476B $1.489B
YoY Change 125.2% -6.12% -6.99%
Long-Term Investments $58.00M $93.00M $95.00M
YoY Change -37.63% 4.49% 9.2%
Other Assets $150.0M $154.8M $138.8M
YoY Change -3.1% 8.18% 13.68%
Total Long-Term Assets $11.48B $5.609B $5.544B
YoY Change 104.73% 1.36% 1.28%
TOTAL ASSETS
Total Short-Term Assets $2.621B $1.693B $1.688B
Total Long-Term Assets $11.48B $5.609B $5.544B
Total Assets $14.10B $7.302B $7.232B
YoY Change 93.17% 4.82% 8.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $497.4M $282.3M $286.2M
YoY Change 76.2% -7.29% 9.24%
Accrued Expenses $633.1M $341.4M $365.2M
YoY Change 85.44% 10.13% 18.49%
Deferred Revenue
YoY Change
Short-Term Debt $95.00M $0.00 $0.00
YoY Change
Long-Term Debt Due $419.5M $343.9M $98.00M
YoY Change 21.98% 210.38% -10.91%
Total Short-Term Liabilities $1.701B $976.3M $749.0M
YoY Change 74.18% 32.7% 10.05%
LONG-TERM LIABILITIES
Long-Term Debt $5.940B $2.683B $2.917B
YoY Change 121.43% -7.14% 14.24%
Other Long-Term Liabilities $323.1M $274.2M $223.9M
YoY Change 17.83% 2.89% -26.28%
Total Long-Term Liabilities $6.263B $2.957B $3.141B
YoY Change 111.82% -6.3% 9.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.701B $976.3M $749.0M
Total Long-Term Liabilities $6.263B $2.957B $3.141B
Total Liabilities $9.145B $4.464B $4.443B
YoY Change 104.87% 0.19% 8.33%
SHAREHOLDERS EQUITY
Retained Earnings $4.224B $3.786B $3.686B
YoY Change 11.56% 12.23% 6.47%
Common Stock $1.987B $10.40M $10.40M
YoY Change 19000.96% -0.95% -2.8%
Preferred Stock
YoY Change
Treasury Stock (at cost) $978.1M $965.5M $965.5M
YoY Change 1.31% 0.69% 0.69%
Treasury Stock Shares 22.60M shares 22.50M shares
Shareholders Equity $4.945B $2.821B $2.771B
YoY Change
Total Liabilities & Shareholders Equity $14.10B $7.302B $7.232B
YoY Change 93.17% 4.82% 8.15%

Cashflow Statement

Concept 2015 Q4 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $110.0M $119.6M $137.2M
YoY Change -8.03% -5.38% -7.48%
Depreciation, Depletion And Amortization $113.3M $63.50M $58.50M
YoY Change 78.43% 6.19% 1.04%
Cash From Operating Activities $384.6M $213.7M $175.6M
YoY Change 79.97% -14.07% -25.02%
INVESTING ACTIVITIES
Capital Expenditures -$85.10M -$46.30M -$52.60M
YoY Change 83.8% -22.32% 0.96%
Acquisitions
YoY Change
Other Investing Activities -$43.50M -$101.0M -$3.000M
YoY Change -56.93% 89.85% -161.22%
Cash From Investing Activities -$128.6M -$147.3M -$55.60M
YoY Change -12.7% 30.59% 17.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -239.6M -58.80M -18.40M
YoY Change 307.48% -161.64% -85.49%
NET CHANGE
Cash From Operating Activities 384.6M 213.7M 175.6M
Cash From Investing Activities -128.6M -147.3M -55.60M
Cash From Financing Activities -239.6M -58.80M -18.40M
Net Change In Cash 16.40M 7.600M 101.6M
YoY Change 115.79% -96.71% 68.77%
FREE CASH FLOW
Cash From Operating Activities $384.6M $213.7M $175.6M
Capital Expenditures -$85.10M -$46.30M -$52.60M
Free Cash Flow $469.7M $260.0M $228.2M
YoY Change 80.65% -15.67% -20.29%

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5 Y
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0.0005
lh Reductionfor Plaintiff Negligence
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0.250
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7100000 USD
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6600000 USD
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12600000 USD
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34800000 USD
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83800000 USD
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55700000 USD
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250000000 USD
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39300000 USD
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38500000 USD
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5400000 USD
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300000 USD
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2900000 USD
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3300000 USD
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2200000 USD
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0 USD
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0 USD
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8500000 USD
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155600000 USD
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177100000 USD
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341400000 USD
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633100000 USD
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8200000 USD
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7200000 USD
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1123900000 USD
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0 USD
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10100000 USD
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100000 USD
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67100000 USD
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76700000 USD
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100000 shares
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72400000 USD
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4220000
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5040000
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5800000 USD
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10400000 USD
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1700000 USD
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34400000 USD
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51900000 USD
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8400000 USD
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55800000 USD
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11200000 USD
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11700000 USD
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11900000 USD
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47200000 USD
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22700000 USD
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284000000 USD
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29900000 USD
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30100000 USD
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20100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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24500000 USD
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27600000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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17100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15100000 USD
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511200000 USD
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1204900000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Current
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5500000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Current
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0 USD
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496300000 USD
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979200000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
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48700000 USD
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47300000 USD
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93500000 USD
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211900000 USD
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15800000 USD
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189500000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Zero Coupon Notes
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92800000 USD
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87400000 USD
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117900000 USD
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165800000 USD
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0 USD
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269100000 USD
CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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245800000 USD
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119600000 USD
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0.070 Rate
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49400000 USD
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51600000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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43300000 USD
CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.045
CY2013 us-gaap Depreciation Depletion And Amortization
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230100000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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245500000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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457800000 USD
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6.36
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1.62
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CY2014 us-gaap Earnings Per Share Basic
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6.03
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0.02
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1.67
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1.51
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1.13
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4.42
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6.25
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1.31
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1.64
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1.59
CY2014Q4 us-gaap Earnings Per Share Diluted
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1.37
CY2014 us-gaap Earnings Per Share Diluted
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5.91
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0.02
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1.64
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1.49
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1.11
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4.34
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-3600000 USD
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0.372
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0.380
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0.402
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0.350
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0.350
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0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.018
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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0.000
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0.027
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-0.004
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0.003
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0.011
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0.026
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.027
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.032
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283000000 USD
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158000000 USD
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98500000 USD
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82600000 USD
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95600000 USD
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P1Y10M25D
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21300000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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12300000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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16200000 USD
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109300000 USD
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41800000 USD
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66000000 USD
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22600000 USD
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28200000 USD
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17300000 USD
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79700000 USD
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23200000 USD
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84100000 USD
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81300000 USD
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54300000 USD
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18600000 USD
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109300000 USD
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41800000 USD
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37700000 USD
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31000000 USD
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20100000 USD
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43300000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
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19200000 USD
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1400000 USD
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1300000 USD
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255200000 USD
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5900000 USD
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13100000 USD
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29000000 USD
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22600000 USD
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1024200000 USD
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174400000 USD
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142400000 USD
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149200000 USD
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156000000 USD
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167200000 USD
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3900000 USD
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12500000 USD
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34500000 USD
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3141100000 USD
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0 USD
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39700000 USD
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758600000 USD
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71400000 USD
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68100000 USD
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132500000 USD
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16900000 USD
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14300000 USD
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10000000 USD
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4200000 USD
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5800000 USD
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CY2013 us-gaap Income Tax Expense Benefit
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314100000 USD
CY2015 us-gaap Income Tax Expense Benefit
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294100000 USD
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301500000 USD
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284100000 USD
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249400000 USD
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60800000 USD
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30700000 USD
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67500000 USD
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31100000 USD
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71800000 USD
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0 USD
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0 USD
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5400000 USD
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15300000 USD
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300000 USD
CY2015 us-gaap Increase Decrease In Inventories
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200000 USD
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32300000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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12900000 USD
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CY2013 us-gaap Increase Decrease In Unbilled Receivables
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0 USD
CY2014 us-gaap Increase Decrease In Unbilled Receivables
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0 USD
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16900000 USD
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500000 shares
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500000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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600000 shares
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3323500000 USD
CY2013 us-gaap Interest Expense
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96500000 USD
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109500000 USD
CY2015 us-gaap Interest Expense
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274900000 USD
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19700000 USD
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63800000 USD
CY2014Q4 us-gaap Inventory Finished Goods
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CY2015Q4 us-gaap Inventory Finished Goods
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33300000 USD
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139500000 USD
CY2015Q4 us-gaap Inventory Net
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191000000 USD
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2200000 USD
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1100000 USD
CY2015 us-gaap Investment Income Net
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1900000 USD
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1000000 USD
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0 USD
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92600000 USD
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58200000 USD
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226000000 USD
CY2014 us-gaap Lease And Rental Expense
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235700000 USD
CY2015 us-gaap Lease And Rental Expense
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287100000 USD
CY2014Q4 us-gaap Liabilities
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4463600000 USD
CY2015Q4 us-gaap Liabilities
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9262400000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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7301800000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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14221700000 USD
CY2014Q4 us-gaap Liabilities Current
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976300000 USD
CY2015Q4 us-gaap Liabilities Current
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1701500000 USD
CY2014Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
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10500000 USD
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2000000 USD
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0 USD
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31600000 USD
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0 USD
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1400000 USD
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60000000 USD
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350000000 USD
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500000000 USD
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1100000 USD
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7800000 USD
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20600000 USD
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CY2014 us-gaap Sales Revenue Net
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CY2015 us-gaap Sales Revenue Net
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CY2015Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
10000000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1128800000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1198200000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1622000000 USD
CY2015Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
2900000000 USD
CY2013Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
700000000 USD
CY2015Q1 us-gaap Senior Long Term Notes
SeniorLongTermNotes
2900000000 USD
CY2012 us-gaap Severance Costs1
SeveranceCosts1
15400000 USD
CY2013 us-gaap Severance Costs1
SeveranceCosts1
10500000 USD
CY2014 us-gaap Severance Costs1
SeveranceCosts1
59200000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
37300000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
45700000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
102100000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
one third increments beginning on the first anniversary of the grant
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10200000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5300000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
55400000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
32100000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
42200000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
95900000 USD
CY2015Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2300000 shares
CY2015Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2300000 shares
CY2015Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
81.14
CY2015Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
81.14
CY2015 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y
CY2015 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
15300000 shares
CY2013 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
100000 shares
CY2014 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
100000 shares
CY2015 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
0 shares
CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
100000 shares
CY2014 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
100000 shares
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
100000 shares
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
7100000 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
6600000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
12600000 USD
CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
14500000 USD
CY2014 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
6900000 USD
CY2015 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2200000 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
10400000 shares
CY2014 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2700000 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1015600000 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
269000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2717400000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2491300000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
2820500000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
4944400000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
32000000 USD
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
83800000 USD
CY2012Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
22300000 shares
CY2013Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
22400000 shares
CY2014Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
22500000 shares
CY2015Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
22600000 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
951800000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
965500000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
978100000 USD
CY2014Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
0 USD
CY2015Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
156600000 USD
CY2015Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
92500000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
662000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
36400000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
25600000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16700000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24200000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
4400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8200000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
12700000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2200000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1800000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1900000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4100000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
8300000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
8900000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5100000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
16700000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
24200000 USD
CY2015 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
3900000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91800000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86400000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100600000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90200000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84800000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98800000 shares
CY2014Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
23100000 USD
CY2015Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
28600000 USD
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Significant estimates include the allowances for doubtful accounts, deferred tax assets, fair values and amortization lives for intangible assets, and accruals for self-insurance reserves and pensions. The allowance for doubtful accounts is determined based on historical collections trends, the aging of accounts, current economic conditions and regulatory changes. Actual results could differ from those estimates.</font></div></div>

Files In Submission

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0000920148-16-000162-index.html Edgar Link pending
0000920148-16-000162.txt Edgar Link pending
0000920148-16-000162-xbrl.zip Edgar Link pending
exhibit1212015.htm Edgar Link pending
exhibit212015.htm Edgar Link pending
exhibit2312015.htm Edgar Link pending
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exhibit2432015.htm Edgar Link pending
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lh-20151231_cal.xml Edgar Link unprocessable
lh-20151231_def.xml Edgar Link unprocessable
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