2017 Q2 Form 8-K Financial Statement

#000020205818000147 Filed on December 13, 2018

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q3
Revenue $1.539B $1.420B
YoY Change -0.71% 321.74%
Cost Of Revenue $1.062B $897.0M
YoY Change 5.25% 1841.56%
Gross Profit $477.0M $523.0M
YoY Change -11.83% 80.03%
Gross Profit Margin 30.99% 36.83%
Selling, General & Admin $382.0M $278.0M
YoY Change 39.93% -0.54%
% of Gross Profit 80.08% 53.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.00M $99.00M
YoY Change -12.2% 23.6%
% of Gross Profit 15.09% 18.93%
Operating Expenses $382.0M $277.0M
YoY Change 39.93% -0.89%
Operating Profit $95.00M $246.0M
YoY Change -64.55% 2136.36%
Interest Expense -$41.00M $44.00M
YoY Change -189.13% -187.65%
% of Operating Profit -43.16% 17.89%
Other Income/Expense, Net $164.0M $1.000M
YoY Change -16500.0% -100.92%
Pretax Income $218.0M $203.0M
YoY Change -1.36% -237.44%
Income Tax $62.00M $58.00M
% Of Pretax Income 28.44% 28.57%
Net Earnings $121.0M $160.0M
YoY Change -27.98% -384.19%
Net Earnings / Revenue 7.86% 11.27%
Basic Earnings Per Share $1.29
Diluted Earnings Per Share $990.2K $1.27
COMMON SHARES
Basic Shares Outstanding 121.9M shares 123.9M shares
Diluted Shares Outstanding 125.5M shares

Balance Sheet

Concept 2017 Q2 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $484.0M $487.0M
YoY Change 60.26% 1.25%
Cash & Equivalents $484.0M $487.0M
Short-Term Investments
Other Short-Term Assets $101.0M $124.0M
YoY Change -27.34% -24.85%
Inventory $392.0M $867.0M
Prepaid Expenses
Receivables $623.0M $674.0M
Other Receivables $24.00M $75.00M
Total Short-Term Assets $2.072B $2.624B
YoY Change -27.7% -17.56%
LONG-TERM ASSETS
Property, Plant & Equipment $904.0M $924.0M
YoY Change -10.23% -20.69%
Goodwill $5.366B $5.352B
YoY Change -9.66% -0.98%
Intangibles $1.104B $1.231B
YoY Change -29.95% -30.65%
Long-Term Investments
YoY Change
Other Assets $242.0M $252.0M
YoY Change 62.42% 63.64%
Total Long-Term Assets $8.040B $9.385B
YoY Change -11.0% -5.62%
TOTAL ASSETS
Total Short-Term Assets $2.072B $2.624B
Total Long-Term Assets $8.040B $9.385B
Total Assets $10.11B $12.01B
YoY Change -15.03% -8.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $540.0M $494.0M
YoY Change 2.08% -14.97%
Accrued Expenses $457.0M $544.0M
YoY Change -20.38% -26.98%
Deferred Revenue $291.0M
YoY Change
Short-Term Debt $80.00M $15.00M
YoY Change -12.09% -54.55%
Long-Term Debt Due $554.0M $382.0M
YoY Change 44.65% 193.85%
Total Short-Term Liabilities $1.967B $1.981B
YoY Change -2.24% -12.88%
LONG-TERM LIABILITIES
Long-Term Debt $3.396B $4.120B
YoY Change -21.37% -18.46%
Other Long-Term Liabilities $534.0M $506.0M
YoY Change 11.72% 14.22%
Total Long-Term Liabilities $5.242B $6.971B
YoY Change -19.61% -6.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.967B $1.981B
Total Long-Term Liabilities $5.242B $6.971B
Total Liabilities $7.209B $8.952B
YoY Change -15.52% -7.95%
SHAREHOLDERS EQUITY
Retained Earnings $1.318B $1.330B
YoY Change 6.98% 5.72%
Common Stock $1.861B $2.221B
YoY Change -15.56% 3.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.903B $3.056B
YoY Change
Total Liabilities & Shareholders Equity $10.11B $12.01B
YoY Change -15.03% -8.52%

Cashflow Statement

Concept 2017 Q2 2016 Q3
OPERATING ACTIVITIES
Net Income $121.0M $160.0M
YoY Change -27.98% -384.19%
Depreciation, Depletion And Amortization $72.00M $99.00M
YoY Change -12.2% 23.6%
Cash From Operating Activities $80.00M $43.00M
YoY Change -33.33% -90.63%
INVESTING ACTIVITIES
Capital Expenditures -$40.00M $21.00M
YoY Change 21.21% -145.95%
Acquisitions
YoY Change
Other Investing Activities $639.0M $179.0M
YoY Change -2230.0% -105.7%
Cash From Investing Activities $599.0M -$46.00M
YoY Change -1050.79% -98.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -496.0M -$201.0M
YoY Change 87.17% -107.42%
NET CHANGE
Cash From Operating Activities 80.00M $43.00M
Cash From Investing Activities 599.0M -$46.00M
Cash From Financing Activities -496.0M -$201.0M
Net Change In Cash 183.0M -$204.0M
YoY Change -187.98% 871.43%
FREE CASH FLOW
Cash From Operating Activities $80.00M $43.00M
Capital Expenditures -$40.00M $21.00M
Free Cash Flow $120.0M $22.00M
YoY Change -21.57% -95.64%

Facts In Submission

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369000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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470000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
468000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
115000000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Asset
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76000000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
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CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
102000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
102000000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1473000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1459000000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1104000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
989000000 USD
CY2017 us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Foreign Currency Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsForeignCurrencyFairValueHedgeNet
0 USD
CY2018 us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Foreign Currency Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsForeignCurrencyFairValueHedgeNet
0 USD
CY2017 us-gaap Gain Loss On Sale Of Business
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-14000000 USD
CY2018 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2016Q3 us-gaap Goodwill
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CY2017Q2 us-gaap Goodwill
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CY2018Q2 us-gaap Goodwill
Goodwill
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CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-3000000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
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6000000 USD
CY2017 us-gaap Goodwill Other Increase Decrease
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17000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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42000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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43000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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889000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
908000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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628000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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702000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
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5.11
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.90
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
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5.04
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.78
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.69
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.02
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.68
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2017 us-gaap Income Tax Expense Benefit
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261000000 USD
CY2018 us-gaap Income Tax Expense Benefit
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206000000 USD
CY2017 us-gaap Income Taxes Paid
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51000000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
8000000 USD
CY2017Q2 us-gaap Income Taxes Receivable
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24000000 USD
CY2018Q2 us-gaap Income Taxes Receivable
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174000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
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18000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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82000000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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CY2018 us-gaap Increase Decrease In Accounts Receivable
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101000000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Asset
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-156000000 USD
CY2018 us-gaap Increase Decrease In Customer Advances
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0 USD
CY2017 us-gaap Increase Decrease In Customer Advances
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0 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
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81000000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
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989000000 USD
CY2017 us-gaap Interest Expense
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172000000 USD
CY2018 us-gaap Interest Expense
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170000000 USD
CY2017 us-gaap Interest Income Expense Net
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CY2018 us-gaap Interest Income Expense Net
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CY2017 us-gaap Increase Decrease In Income Taxes
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111000000 USD
CY2018 us-gaap Increase Decrease In Income Taxes
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202000000 USD
CY2017 us-gaap Increase Decrease In Inventories
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32000000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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141000000 USD
CY2018 us-gaap Increase Decrease In Inventories
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19000000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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46000000 USD
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CY2018 us-gaap Interest Paid
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175000000 USD
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CY2018Q2 us-gaap Inventory Net
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411000000 USD
CY2017Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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195000000 USD
CY2018Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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199000000 USD
CY2017Q2 us-gaap Inventory Finished Goods Net Of Reserves
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96000000 USD
CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
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91000000 USD
CY2017Q2 us-gaap Inventory Work In Process Net Of Reserves
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101000000 USD
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
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121000000 USD
CY2017 us-gaap Investment Income Interest
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CY2018 us-gaap Investment Income Interest
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2000000 USD
CY2017Q2 us-gaap Land
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43000000 USD
CY2018Q2 us-gaap Land
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43000000 USD
CY2017 us-gaap Lease And Rental Expense
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65000000 USD
CY2018 us-gaap Lease And Rental Expense
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61000000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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10112000000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
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9851000000 USD
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1967000000 USD
CY2018Q2 us-gaap Liabilities Current
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1850000000 USD
CY2017Q2 us-gaap Liabilities Noncurrent
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5242000000 USD
CY2018Q2 us-gaap Liabilities Noncurrent
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4723000000 USD
CY2017Q2 us-gaap Long Term Debt
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3950000000 USD
CY2018Q2 us-gaap Long Term Debt
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CY2017Q2 us-gaap Long Term Debt And Capital Lease Obligations
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3396000000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations
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3408000000 USD
CY2017Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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554000000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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304000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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2776000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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305000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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0 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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4000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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654000000 USD
CY2017Q2 us-gaap Long Term Debt Noncurrent
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CY2018Q2 us-gaap Long Term Debt Noncurrent
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3408000000 USD
CY2017Q2 us-gaap Machinery And Equipment Gross
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CY2018Q2 us-gaap Machinery And Equipment Gross
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1349000000 USD
CY2017 us-gaap Minority Interest Decrease From Redemptions
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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870000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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569000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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751000000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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627000000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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700000000 USD
CY2017 us-gaap Nonoperating Income Expense
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166000000 USD
CY2018 us-gaap Nonoperating Income Expense
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156000000 USD
CY2018Q2 us-gaap Number Of Countries In Which Entity Operates
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100 country
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3 segment
CY2018 us-gaap Number Of Reportable Segments
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280000000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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28000000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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58000000 USD
CY2017 us-gaap Operating Expenses
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1150000000 USD
CY2018 us-gaap Operating Expenses
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1182000000 USD
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40000000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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47000000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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53000000 USD
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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54000000 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current
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332000000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Current
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317000000 USD
CY2017Q2 us-gaap Other Assets Current
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101000000 USD
CY2018Q2 us-gaap Other Assets Current
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103000000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
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242000000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
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247000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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1000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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15000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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-52000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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167000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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109000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-200000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-93000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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-89000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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-30000000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-11000000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2017Q2 us-gaap Other Liabilities Noncurrent
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534000000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
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522000000 USD
CY2017 us-gaap Other Nonoperating Income Expense
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0 USD
CY2018 us-gaap Other Nonoperating Income Expense
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CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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CY2018 us-gaap Payments For Proceeds From Other Investing Activities
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3000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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710000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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272000000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
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262000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
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272000000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
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119000000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
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136000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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119000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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136000000 USD
CY2017Q2 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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1278000000 USD
CY2018Q2 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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714000000 USD
CY2017 us-gaap Pension Contributions
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589000000 USD
CY2018 us-gaap Pension Contributions
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301000000 USD
CY2017 us-gaap Pension Expense
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CY2018 us-gaap Pension Expense
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CY2017 us-gaap Pension Expense Reversal Of Expense Noncash
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-97000000 USD
CY2018 us-gaap Pension Expense Reversal Of Expense Noncash
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CY2017Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2018Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2017Q2 us-gaap Preferred Stock Shares Authorized
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1000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Value
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0 USD
CY2018Q2 us-gaap Preferred Stock Value
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0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
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1014000000 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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CY2017 us-gaap Proceeds From Stock Options Exercised
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54000000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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34000000 USD
CY2016Q3 us-gaap Product Warranty Accrual
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32000000 USD
CY2017Q2 us-gaap Product Warranty Accrual
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26000000 USD
CY2018Q2 us-gaap Product Warranty Accrual
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24000000 USD
CY2017 us-gaap Product Warranty Accrual Payments
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16000000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
14000000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
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14000000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
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13000000 USD
CY2017 us-gaap Profit Loss
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543000000 USD
CY2018 us-gaap Profit Loss
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699000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
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2071000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
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2183000000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
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904000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
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900000000 USD
CY2017Q2 us-gaap Receivables Net Current
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365000000 USD
CY2018Q2 us-gaap Receivables Net Current
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466000000 USD
CY2017 us-gaap Repayments Of Unsecured Debt
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584000000 USD
CY2018 us-gaap Repayments Of Unsecured Debt
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1658000000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
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1318000000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
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1648000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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5897000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6168000000 USD
CY2018 us-gaap Revenue Performance Obligation Description Of Timing
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greater than one year
CY2017 us-gaap Share Based Compensation
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42000000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
82000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
94.60
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
141.46
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.024
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.018
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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64.34
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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47000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.218
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.193
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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3084969 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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39000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
98532 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
88.51
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
412285 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.82
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.60
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
329050000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4910142 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4698370 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
69.89
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
74.50
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
709367 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
64.25
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
119.70
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y11D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y8M16D
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
2596282 shares
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1613401 shares
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
13.23
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
14.66
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M11D
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
80000000 USD
CY2018Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
78000000 USD
CY2017 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-4000000 USD
CY2018 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1000000 USD
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
525525 shares
CY2018 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
31000000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
694000000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
312000000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
2903000000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
3278000000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3057000000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2903000000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3278000000 USD
CY2017Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
796000000 USD
CY2018Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
881000000 USD
CY2017 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
1000000 USD
CY2018 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
2000000 USD
CY2018Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
55000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
63000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5000000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
4000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
25000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
28000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90000000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
102000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
52000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
17000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
23000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
74000000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
92000000 USD
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1700000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2500000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124300000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121100000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122600000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118600000 shares
CY2018 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fiscal Year</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; Our fiscal year ends on the Friday nearest June&#160;30. Each of our fiscal years </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> included </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> weeks.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> &#8212; The classification of certain prior-year amounts have been adjusted in our Consolidated Financial Statements to conform to current-year classifications. </font><font style="font-family:inherit;font-size:10pt;">Reclassifications include certain human resources, information technology (&#8220;IT&#8221;), direct selling and bid and proposal costs that were previously included as &#8220;Cost of product sales and services&#8221; line items and are now reflected in the &#8220;Engineering, selling and administrative expenses&#8221; line item in our Consolidated Statement of Income</font><font style="font-family:inherit;font-size:10pt;"> and in these Notes.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; The preparation of financial statements in accordance with U.S.&#160;generally accepted accounting principles (&#8220;GAAP&#8221;) requires us to make estimates and assumptions that affect the amounts reported in the accompanying Consolidated Financial Statements and these Notes and related disclosures. These estimates and assumptions are based on experience and other information available prior to issuance of the accompanying Consolidated Financial Statements and these Notes. Materially different results can occur as circumstances change and additional information becomes known.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></div>

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