2013 Q2 Form 10-K Financial Statement

#000119312514320240 Filed on August 25, 2014

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2 2012
Revenue $1.360B $1.436B $374.3M
YoY Change -5.33% 1.66% 97.83%
Cost Of Revenue $887.8M $939.6M $3.569B
YoY Change -5.51% 4.8% 1.04%
Gross Profit $471.8M $496.6M -$3.195B
YoY Change -4.99% -3.8% -4.44%
Gross Profit Margin 34.7% 34.58% -853.59%
Selling, General & Admin $300.7M $253.2M $722.0M
YoY Change 18.76% 128.73% 10.91%
% of Gross Profit 63.73% 50.99%
Research & Development $219.0M
YoY Change -8.75%
% of Gross Profit
Depreciation & Amortization $56.30M $66.30M $260.3M
YoY Change -15.08% 26.77% 22.78%
% of Gross Profit 11.93% 13.35%
Operating Expenses $300.7M $253.2M $940.9M
YoY Change 18.76% -9.89% 5.61%
Operating Profit $171.1M $243.4M -$4.136B
YoY Change -29.7% 3.49% -2.32%
Interest Expense -$25.60M -$27.00M $113.2M
YoY Change -5.19% -199.63% 25.22%
% of Operating Profit -14.96% -11.09%
Other Income/Expense, Net -$900.0K -$300.0K $11.50M
YoY Change 200.0% 0.0% -705.26%
Pretax Income $106.4M $216.1M $841.9M
YoY Change -50.76% 3.35% -7.02%
Income Tax $35.90M $80.00M $286.0M
% Of Pretax Income 33.74% 37.02% 33.97%
Net Earnings $55.50M $129.1M $30.60M
YoY Change -57.01% -7.46% -94.8%
Net Earnings / Revenue 4.08% 8.99% 8.18%
Basic Earnings Per Share $0.26
Diluted Earnings Per Share $511.0K $1.131M $0.26
COMMON SHARES
Basic Shares Outstanding 109.6M shares 113.8M shares
Diluted Shares Outstanding 114.8M shares

Balance Sheet

Concept 2013 Q2 2012 Q2 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $321.0M $356.0M $356.0M
YoY Change -9.83% -59.77% -3.0%
Cash & Equivalents $321.0M $356.0M $356.0M
Short-Term Investments
Other Short-Term Assets $77.20M $71.20M $864.0M
YoY Change 8.43% -68.63% 267.66%
Inventory $668.7M $617.8M $618.0M
Prepaid Expenses
Receivables $682.0M $750.0M $750.0M
Other Receivables $51.00M $12.00M $12.00M
Total Short-Term Assets $1.948B $2.600B $2.600B
YoY Change -25.08% -1.24% 17.28%
LONG-TERM ASSETS
Property, Plant & Equipment $653.2M $659.4M $659.0M
YoY Change -0.94% -13.12% -24.51%
Goodwill $1.692B $1.695B
YoY Change -0.19%
Intangibles $308.1M $421.7M
YoY Change -26.94%
Long-Term Investments
YoY Change
Other Assets $132.2M $135.7M $216.0M
YoY Change -2.58% -47.4% 8.54%
Total Long-Term Assets $2.910B $2.992B $2.993B
YoY Change -2.74% -11.88% -24.34%
TOTAL ASSETS
Total Short-Term Assets $1.948B $2.600B $2.600B
Total Long-Term Assets $2.910B $2.992B $2.993B
Total Assets $4.845B $5.593B $5.593B
YoY Change -13.37% -7.24% -9.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $339.5M $381.0M $381.0M
YoY Change -10.89% -0.52% -15.52%
Accrued Expenses $490.0M $499.0M $499.0M
YoY Change -1.8% -3.48% -11.21%
Deferred Revenue
YoY Change
Short-Term Debt $144.6M $159.4M $159.0M
YoY Change -9.28% -11.44% -11.67%
Long-Term Debt Due -$13.40M -$4.800M $5.000M
YoY Change 179.17% -168.57% 0.0%
Total Short-Term Liabilities $1.297B $1.414B $1.414B
YoY Change -8.27% 7.97% -1.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.577B $1.883B $1.883B
YoY Change -16.25% -0.21% -0.21%
Other Long-Term Liabilities $325.9M $239.8M $349.0M
YoY Change 35.9% -28.63% 1.75%
Total Long-Term Liabilities $2.000B $2.232B $2.232B
YoY Change -10.42% 0.42% 0.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.297B $1.414B $1.414B
Total Long-Term Liabilities $2.000B $2.232B $2.232B
Total Liabilities $3.297B $3.647B $3.654B
YoY Change -9.58% 2.87% -0.46%
SHAREHOLDERS EQUITY
Retained Earnings $1.080B $1.417B
YoY Change -23.77%
Common Stock $540.0M $544.9M
YoY Change -0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.561B $1.939B $1.939B
YoY Change
Total Liabilities & Shareholders Equity $4.858B $5.593B $5.593B
YoY Change -13.13% -7.24% -9.4%

Cashflow Statement

Concept 2013 Q2 2012 Q2 2012
OPERATING ACTIVITIES
Net Income $55.50M $129.1M $30.60M
YoY Change -57.01% -7.46% -94.8%
Depreciation, Depletion And Amortization $56.30M $66.30M $260.3M
YoY Change -15.08% 26.77% 22.78%
Cash From Operating Activities $319.8M $369.7M $852.9M
YoY Change -13.5% 120.72% 2.38%
INVESTING ACTIVITIES
Capital Expenditures -$46.70M -$58.50M $209.9M
YoY Change -20.17% -33.52% -32.57%
Acquisitions $14.10M
YoY Change -98.7%
Other Investing Activities $0.00 -$100.0K -$15.10M
YoY Change -100.0% -99.67% -98.62%
Cash From Investing Activities -$46.70M -$58.60M -$248.9M
YoY Change -20.31% -50.51% -82.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $473.5M
YoY Change 84.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -401.4M -247.1M -$609.8M
YoY Change 62.44% -365.41% -223.74%
NET CHANGE
Cash From Operating Activities 319.8M 369.7M $852.9M
Cash From Investing Activities -46.70M -58.60M -$248.9M
Cash From Financing Activities -401.4M -247.1M -$609.8M
Net Change In Cash -128.3M 64.00M -$5.800M
YoY Change -300.47% -54.99% -93.67%
FREE CASH FLOW
Cash From Operating Activities $319.8M $369.7M $852.9M
Capital Expenditures -$46.70M -$58.50M $209.9M
Free Cash Flow $366.5M $428.2M $643.0M
YoY Change -14.41% 67.59% 23.23%

Facts In Submission

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CY2012 hrs Stock Issued During Period Value Stock Options Exercised And Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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34700000 USD
CY2012 us-gaap Stock Repurchased And Retired During Period Value
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473500000 USD
CY2012 us-gaap Dividends Common Stock Cash
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CY2012 hrs Other Activity Related To Noncontrolling Interest
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CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013 hrs Stock Issued During Period Value Stock Options Exercised And Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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97900000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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30100000 USD
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414900000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
164700000 USD
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141200000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34700000 USD
CY2014 us-gaap Stock Repurchased And Retired During Period Value
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309400000 USD
CY2014 us-gaap Dividends Common Stock Cash
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180300000 USD
CY2014 hrs Other Activity Related To Noncontrolling Interest
OtherActivityRelatedToNoncontrollingInterest
100000 USD
CY2013 hrs Other Activity Related To Noncontrolling Interest
OtherActivityRelatedToNoncontrollingInterest
-2800000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
-3000000 USD
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2400000 USD
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:11px;">Use of Estimates</font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#8212; Our Consolidated Financial Statements have been prepared in conformity with U.S.&#160;generally accepted accounting principles </font><font style="font-family:Times New Roman;font-size:10pt;">(&#8220;GAAP&#8221;) </font><font style="font-family:Times New Roman;font-size:10pt;">and require management to make estimates and assumptions. These </font><font style="font-family:Times New Roman;font-size:10pt;">estimates and </font><font style="font-family:Times New Roman;font-size:10pt;">assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. These estimates</font><font style="font-family:Times New Roman;font-size:10pt;"> and assumptions</font><font style="font-family:Times New Roman;font-size:10pt;"> are based on experience and other information available prior to issuance of the Consolidated Financial Statements. Materially different results can occur as circumstances change and additional information becomes known.</font></p>
CY2014 us-gaap Fiscal Period
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CY2014 hrs Maturity Period Of Cash And Cash Equivalents
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three or fewer months
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CY2014Q2 hrs Threshold For Separate Line Item Reporting Of Current Assets In Consolidated Balance Sheet
ThresholdForSeparateLineItemReportingOfCurrentAssetsInConsolidatedBalanceSheet
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CY2014Q2 hrs Threshold For Separate Line Item Reporting Of Non Current Assets In Consolidated Balance
ThresholdForSeparateLineItemReportingOfNonCurrentAssetsInConsolidatedBalance
0.05 pure
CY2014Q2 hrs Threshold For Separate Line Item Reporting Of Current Liabilities In Consolidated Balance
ThresholdForSeparateLineItemReportingOfCurrentLiabilitiesInConsolidatedBalance
0.05 pure
CY2013 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
49800000 USD
CY2014 hrs Number Of Sites For Existence Of Future Environmental Liabilities
NumberOfSitesForExistenceOfFutureEnvironmentalLiabilities
14 pure
CY2014 hrs Number Of Sites Owned By Company
NumberOfSitesOwnedByCompany
1 pure
CY2014 hrs Number Of Sites Associated With Former Graphics Or Semiconductor Locations
NumberOfSitesAssociatedWithFormerGraphicsOrSemiconductorLocations
9 pure
CY2014 hrs Treatment Or Disposal Sites Not Owned By Company That Contain Hazardous Substances Allegedly Attributable To Company From Past Operations
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4 pure
CY2014Q2 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
AccrualForEnvironmentalLossContingenciesDiscountRate
0.085 pure
CY2014Q2 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
7700000 USD
CY2014Q2 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due After Fifth Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueAfterFifthYear
3600000 USD
CY2014Q2 hrs Commercial Commitments Including Debt And Performance Guarantees
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727400000 USD
CY2014 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
46600000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
47400000 USD
CY2014 us-gaap Disposal Group Including Discontinued Operation Revenue
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0 USD
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
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259700000 USD
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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CY2013Q2 hrs Charges Related To Consolidation Of Facilities
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CY2013Q2 us-gaap Restructuring Reserve
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26000000 USD
CY2014 hrs Change In Operating Income Due To Change In Accounting Estimate
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53300000 USD
CY2013 hrs Change In Operating Income Due To Change In Accounting Estimate
ChangeInOperatingIncomeDueToChangeInAccountingEstimate
47100000 USD
CY2012 hrs Change In Operating Income Due To Change In Accounting Estimate
ChangeInOperatingIncomeDueToChangeInAccountingEstimate
38400000 USD
CY2014 hrs Change In Earnings Per Share Due To Change In Accounting Estimate
ChangeInEarningsPerShareDueToChangeInAccountingEstimate
.33
CY2013 hrs Change In Earnings Per Share Due To Change In Accounting Estimate
ChangeInEarningsPerShareDueToChangeInAccountingEstimate
.29
CY2012 hrs Change In Earnings Per Share Due To Change In Accounting Estimate
ChangeInEarningsPerShareDueToChangeInAccountingEstimate
.20
CY2014Q2 hrs Accrual For Environmental Loss Contingencies Undiscounted Estimated Payments
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800000 USD
CY2014Q2 us-gaap Accrual For Environmental Loss Contingencies
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5100000 USD
CY2013Q2 us-gaap Severance Costs1
SeveranceCosts1
16600000 USD
CY2013Q2 hrs Threshold For Separate Line Item Reporting Of Current Liabilities In Consolidated Balance
ThresholdForSeparateLineItemReportingOfCurrentLiabilitiesInConsolidatedBalance
0.05 pure
CY2013Q2 hrs Threshold For Separate Line Item Reporting Of Current Assets In Consolidated Balance Sheet
ThresholdForSeparateLineItemReportingOfCurrentAssetsInConsolidatedBalanceSheet
0.05 pure
CY2013Q2 hrs Threshold For Separate Line Item Reporting Of Non Current Assets In Consolidated Balance
ThresholdForSeparateLineItemReportingOfNonCurrentAssetsInConsolidatedBalance
0.05 pure
CY2014 hrs Period Over Which Expected Aggregate Undiscounted Amount Will Be Incurred
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P10Y
CY2013Q2 hrs Thresholdforseparatelineitemreportingofnoncurrentliabilitiesinconsolidatedbalancesheet
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0.05 pure
CY2014Q2 hrs Thresholdforseparatelineitemreportingofnoncurrentliabilitiesinconsolidatedbalancesheet
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CY2014 hrs Internal Use Software Useful Life Minimum
InternalUseSoftwareUsefulLifeMinimum
P3Y
CY2014 hrs Internal Use Software Useful Life Maximum
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P7Y
CY2014 hrs Fiscal Year Number Of Weeks
FiscalYearNumberOfWeeks
52 weeks
CY2013 hrs Fiscal Year Number Of Weeks
FiscalYearNumberOfWeeks
52 weeks
CY2012 hrs Fiscal Year Number Of Weeks
FiscalYearNumberOfWeeks
52 weeks
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Accounting Standards Issued But Not Yet Effective</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">In March 2013, the FASB issued an accounting standards update that clarifies previous U.S. GAAP regarding the release of cumulative translation adjustment (&#8220;CTA&#8221;) into earnings in certain situations. When an entity ceases to have a controlling financial interest in a subsidiary or group of assets within a consolidated foreign entity and the sale or transfer of such subsidiary or group of assets results in the complete or substantially complete liquidation of such foreign entity, any related CTA should be reclassified from AOCI and included in the calculation of the gain or loss on the sale or transfer. Upon a sale or complete or substantially complete liquidation of an investment in a consolidated foreign entity that results in either (1) a loss of a controlling financial interest in the foreign entity or (2) an acquirer obtaining control of an </font><font style="font-family:Times New Roman;font-size:10pt;">acquiree</font><font style="font-family:Times New Roman;font-size:10pt;"> in which the acquirer held an equity interest immediately before the acquisition date in a business combination achieved in stages, any related CTA should be reclassified from AOCI and included in the calculation of the gain or loss on the sale or liquidation. For a sale of part of an ownership interest in a foreign investment that is accounted for as an equity method investment, a pro rata portion of CTA attributable to that investment should be reclassified from AOCI and included in the calculation of the gain or loss on the sale. This standard is to be applied prospectively and is effective for fiscal years, and interim reporting periods within those years, beginning after December&#160;15, 2013, which for us is our fiscal 2015. The adoption of this standard will not have a material impact on our financial position, results of operations or cash flows.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">In July 2013, the FASB issued an accounting standards update that requires unrecognized tax benefits to be presented as a decrease in a net operating loss, similar tax loss or tax credit </font><font style="font-family:Times New Roman;font-size:10pt;">carryforward</font><font style="font-family:Times New Roman;font-size:10pt;"> if certain criteria are met. This standard is to be applied prospectively and is effective </font><font style="font-family:Times New Roman;font-size:10pt;">for fiscal years, and interim reporting periods within those years</font><font style="font-family:Times New Roman;font-size:10pt;">, beginning after December&#160;15, 2013, which for us is our fiscal 2015. Retrospective application is permitted. The adoption of this standard is not expected to have a material impact on our financial position, results of operations or cash flows.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">In April 2014, the FASB issued an accounting standards update that raises the threshold for disposals to qualify as discontinued operations and allows companies to have signifi</font><font style="font-family:Times New Roman;font-size:10pt;">cant continuing involvement and continuing cash flows with</font><font style="font-family:Times New Roman;font-size:10pt;"> discontinued operations. This standard also requires additional disclosures for discontinued operations and new disclosures for individually material disposal transactions that do not meet the definition of a </font><font style="font-family:Times New Roman;font-size:10pt;">discontinued operation. This standard is to be applied prospectively and is effective </font><font style="font-family:Times New Roman;font-size:10pt;">for fiscal years, and interim reporting periods within those years</font><font style="font-family:Times New Roman;font-size:10pt;">, beginning after December&#160;15, 2014, which for us is our fiscal 2016.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Early adoption is permitted, but only for disposals </font><font style="font-family:Times New Roman;font-size:10pt;">(or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The</font><font style="font-family:Times New Roman;font-size:10pt;"> adoption of this standard is not expected to have a material impact on our financial position, results of operations or cash flows</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:14.4px;">In </font><font style="font-family:Times New Roman;font-size:10pt;">May</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2014, the FASB</font><font style="font-family:Times New Roman;font-size:10pt;"> issued</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;"> comprehensive new </font><font style="font-family:Times New Roman;font-size:10pt;">revenue </font><font style="font-family:Times New Roman;font-size:10pt;">recognition standard that supersedes nearly all revenue recognition</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">guidance under U.S. GAAP and International Financial Reporting Standards</font><font style="font-family:Times New Roman;font-size:10pt;"> and supersedes some cost guidance for construction-type and production-type contracts</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The guidance in this standard is principles-based, and accordingly, </font><font style="font-family:Times New Roman;font-size:10pt;">entities will be required to use more judgment a</font><font style="font-family:Times New Roman;font-size:10pt;">nd make more estimates than</font><font style="font-family:Times New Roman;font-size:10pt;"> under prior guidance, including identifying contract performance obligations, estimating variable consideration to include in the contract price and allocating the transaction price to separate performance obligations. The guidance in this standard </font><font style="font-family:Times New Roman;font-size:10pt;">is applicable</font><font style="font-family:Times New Roman;font-size:10pt;"> to all contracts with customers</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> regardless of industry-specific or transaction-specific fact patterns. Additionally, t</font><font style="font-family:Times New Roman;font-size:10pt;">h</font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> standard provides guidance for transactions that were not previously addressed comprehensively </font><font style="font-family:Times New Roman;font-size:10pt;">(e.g., service revenue, contract modifications, </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">licenses of intellectual property) </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">modifies</font><font style="font-family:Times New Roman;font-size:10pt;"> guidance for multiple-element arrangements.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he core principle of th</font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> standard is </font><font style="font-family:Times New Roman;font-size:10pt;">that entities should</font><font style="font-family:Times New Roman;font-size:10pt;"> recognize revenue to depict the transfer of </font><font style="font-family:Times New Roman;font-size:10pt;">promised </font><font style="font-family:Times New Roman;font-size:10pt;">goods or services to customers in </font><font style="font-family:Times New Roman;font-size:10pt;">an </font><font style="font-family:Times New Roman;font-size:10pt;">amount that reflect</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> the consideration to which the </font><font style="font-family:Times New Roman;font-size:10pt;">entity </font><font style="font-family:Times New Roman;font-size:10pt;">expects to be entitled in exchan</font><font style="font-family:Times New Roman;font-size:10pt;">ge for those goods and services. </font><font style="font-family:Times New Roman;font-size:10pt;">To help </font><font style="font-family:Times New Roman;font-size:10pt;">financial statement users better understand the nature, amount, timing and potential uncertainty of the revenue</font><font style="font-family:Times New Roman;font-size:10pt;"> that is recognized, this</font><font style="font-family:Times New Roman;font-size:10pt;"> standard require</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">significantly more interim and annual</font><font style="font-family:Times New Roman;font-size:10pt;"> disclosures</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">This standard </font><font style="font-family:Times New Roman;font-size:10pt;">allows for either &#8220;full retrospective&#8221; adoption (application to all periods presented) or &#8220;modified retrospective&#8221; adoption (application to only the most current period presented in the financial statements</font><font style="font-family:Times New Roman;font-size:10pt;">, as well as certain additional required footnote disclosures). This standard is</font><font style="font-family:Times New Roman;font-size:10pt;"> effective </font><font style="font-family:Times New Roman;font-size:10pt;">for fiscal years, and interim reporting periods within those years</font><font style="font-family:Times New Roman;font-size:10pt;">, beginning after December&#160;15, 2016, which </font><font style="font-family:Times New Roman;font-size:10pt;">for us is our </font><font style="font-family:Times New Roman;font-size:10pt;">fiscal 2018. </font><font style="font-family:Times New Roman;font-size:10pt;">We are </font><font style="font-family:Times New Roman;font-size:10pt;">currently evaluating the impact</font><font style="font-family:Times New Roman;font-size:10pt;"> this standard will have</font><font style="font-family:Times New Roman;font-size:10pt;"> on our financial po</font><font style="font-family:Times New Roman;font-size:10pt;">sition, results of operations and</font><font style="font-family:Times New Roman;font-size:10pt;"> cash flows</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p>
CY2014 us-gaap Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal
9900000 USD
CY2014Q1 us-gaap Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal
4800000 USD
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
-627200000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
512700000 USD
CY2014 hrs Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation Excluding Tax On Disposal During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationExcludingTaxOnDisposalDuringPhaseOutPeriod
0 USD
CY2013 hrs Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation Excluding Tax On Disposal During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationExcludingTaxOnDisposalDuringPhaseOutPeriod
-20900000 USD
CY2012 hrs Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation Excluding Tax On Disposal During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationExcludingTaxOnDisposalDuringPhaseOutPeriod
-99100000 USD
CY2014 us-gaap Discontinued Operation Amount Of Adjustment To Prior Period Gain Loss On Disposal Before Income Tax
DiscontinuedOperationAmountOfAdjustmentToPriorPeriodGainLossOnDisposalBeforeIncomeTax
0 USD
CY2013 us-gaap Discontinued Operation Amount Of Adjustment To Prior Period Gain Loss On Disposal Before Income Tax
DiscontinuedOperationAmountOfAdjustmentToPriorPeriodGainLossOnDisposalBeforeIncomeTax
-321200000 USD
CY2012 us-gaap Discontinued Operation Amount Of Adjustment To Prior Period Gain Loss On Disposal Before Income Tax
DiscontinuedOperationAmountOfAdjustmentToPriorPeriodGainLossOnDisposalBeforeIncomeTax
-528100000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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6600000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
200000 USD
CY2014Q2 hrs Unamortized Loss On Treasury Lock Net Of Income Taxes
UnamortizedLossOnTreasuryLockNetOfIncomeTaxes
-1900000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
19800000 USD
CY2013Q2 hrs Unamortized Loss On Treasury Lock Net Of Income Taxes
UnamortizedLossOnTreasuryLockNetOfIncomeTaxes
-2400000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
29800000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
800000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-27200000 USD
CY2014Q2 hrs Incometaxes On Unrecognized Tax Benefits1
IncometaxesOnUnrecognizedTaxBenefits1
9500000 USD
CY2013Q2 hrs Incometaxes On Unrecognized Tax Benefits1
IncometaxesOnUnrecognizedTaxBenefits1
15800000 USD
CY2014Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
457900000 USD
CY2014Q2 hrs Unbilled Costs And Accrued Earnings On Cost Plus Contracts
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115500000 USD
CY2014Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
0 USD
CY2014Q2 hrs Accounts Notes And Loans Receivable Gross Current
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573400000 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7300000 USD
CY2013Q2 hrs Accounts Notes And Loans Receivable Gross Current
AccountsNotesAndLoansReceivableGrossCurrent
705300000 USD
CY2013Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
15200000 USD
CY2013Q2 hrs Unbilled Costs And Accrued Earnings On Cost Plus Contracts
UnbilledCostsAndAccruedEarningsOnCostPlusContracts
120800000 USD
CY2014Q2 hrs Unbilled Costs And Accrued Earnings On Fixed Price Contracts
UnbilledCostsAndAccruedEarningsOnFixedPriceContracts
347200000 USD
CY2014Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
104800000 USD
CY2014Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
35700000 USD
CY2014Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
131000000 USD
CY2013Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
123900000 USD
CY2013Q2 hrs Unbilled Costs And Accrued Earnings On Fixed Price Contracts
UnbilledCostsAndAccruedEarningsOnFixedPriceContracts
386300000 USD
CY2013Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
123500000 USD
CY2013Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
35000000 USD
CY2014Q2 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
100700000 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
59300000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
74500000 USD
CY2014Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
542600000 USD
CY2013Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
575600000 USD
CY2014Q2 us-gaap Land
Land
12700000 USD
CY2014Q2 hrs Capitalized Software For Internal Use Gross
CapitalizedSoftwareForInternalUseGross
135500000 USD
CY2014Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
492400000 USD
CY2014Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1103600000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1744200000 USD
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1016100000 USD
CY2013Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1022000000 USD
CY2013Q2 us-gaap Land
Land
13000000 USD
CY2013Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
912700000 USD
CY2013Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1565900000 USD
CY2013Q2 hrs Capitalized Software For Internal Use Gross
CapitalizedSoftwareForInternalUseGross
110500000 USD
CY2013Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
420400000 USD
CY2014 us-gaap Depreciation Nonproduction
DepreciationNonproduction
142100000 USD
CY2012Q2 us-gaap Goodwill
Goodwill
1695300000 USD
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-3300000 USD
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
19200000 USD
CY2013 us-gaap Goodwill Other Changes
GoodwillOtherChanges
0 USD
CY2013 hrs Goodwill Reclassified To Discontinued Operations
GoodwillReclassifiedToDiscontinuedOperations
0 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
285100000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
267500000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
257500000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
308100000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
78600000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
58200000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
45500000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
42200000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
27800000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
25300000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
58500000 USD
CY2014 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
15000000 USD
CY2014 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
16000000 USD
CY2014 hrs Other Adjustments To Warranty Liability Including Those For Acquisitions And Foreign Currency Translation During Year
OtherAdjustmentsToWarrantyLiabilityIncludingThoseForAcquisitionsAndForeignCurrencyTranslationDuringYear
-5600000 USD
CY2013 hrs Other Adjustments To Warranty Liability Including Those For Acquisitions And Foreign Currency Translation During Year
OtherAdjustmentsToWarrantyLiabilityIncludingThoseForAcquisitionsAndForeignCurrencyTranslationDuringYear
-1900000 USD
CY2013 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
16000000 USD
CY2013 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
17400000 USD
CY2013Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
39900000 USD
CY2012Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
40400000 USD
CY2014Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
33300000 USD
CY2014Q2 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
38900000 USD
CY2013Q2 us-gaap Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
34600000 USD
CY2014Q2 hrs Sub Limit For Letters Of Credit
SubLimitForLettersOfCredit
175000000 USD
CY2014Q2 hrs Sub Limit For Swing Line Loans
SubLimitForSwingLineLoans
70000000 USD
CY2014Q2 hrs Term Of Senior Unsecured Revolving Credit Agreement
TermOfSeniorUnsecuredRevolvingCreditAgreement
5 pure
CY2014 hrs Principal Amount Of Other Indebtedness Which Could Trigger Event Of Default
PrincipalAmountOfOtherIndebtednessWhichCouldTriggerEventOfDefault
In excess of $100 million
CY2014 hrs Base Rate Alternative1
BaseRateAlternative1
Federal funds rate plus 0.50 percent
CY2014 hrs Base Rate Alternative3
BaseRateAlternative3
eurocurrency plus 1.00 Percent
CY2013Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.008 pure
CY2014Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.028 pure
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
350000000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
825800000 USD
CY2014Q2 hrs Maximum Allowable Percentage Of Consolidated Indebtedness To Capital
MaximumAllowablePercentageOfConsolidatedIndebtednessToCapital
0.60 pure
CY2014Q2 hrs Minimum Alternate Interest Rate Margin Over Base Rate
MinimumAlternateInterestRateMarginOverBaseRate
0.000 pure
CY2014 hrs Beneficial Owner Percentage Of Voting Stock Considered Event Of Default
BeneficialOwnerPercentageOfVotingStockConsideredEventOfDefault
25 percent or more
CY2014 hrs Amount Of Unsatisfied Final Judgments Or Orders Considered Event Of Default
AmountOfUnsatisfiedFinalJudgmentsOrOrdersConsideredEventOfDefault
In excess of $100 million
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2014Q2 hrs Current Interest Rate Margin Over Base Rate
CurrentInterestRateMarginOverBaseRate
0.00125 pure
CY2014 hrs Amount Of Certain Erisa Liability Incurrence Considered Event Of Default
AmountOfCertainErisaLiabilityIncurrenceConsideredEventOfDefault
In excess of $100 million
CY2014Q2 hrs Maximum Alternate Interest Rate Margin Over Base Rate
MaximumAlternateInterestRateMarginOverBaseRate
0.00500 pure
CY2014Q2 hrs Maximum Alternate Interest Rate Margin Over Libor
MaximumAlternateInterestRateMarginOverLibor
0.01500 pure
CY2014Q2 hrs Minimum Alternate Interest Rate Margin Over Libor
MinimumAlternateInterestRateMarginOverLibor
0.00875 pure
CY2014Q2 hrs Initial Interest Rate Margin Over Libor
InitialInterestRateMarginOverLibor
0.01125 pure
CY2014Q2 hrs Provision For Maximum Amount Of Commitments Increase Under2012 Credit Agreement
ProvisionForMaximumAmountOfCommitmentsIncreaseUnder2012CreditAgreement
500000000 USD
CY2014Q2 hrs Maximum Amount Of Credit Extensions Available Under2012 Credit Agreement
MaximumAmountOfCreditExtensionsAvailableUnder2012CreditAgreement
1500000000 USD
CY2014Q2 hrs Borrowings In Non Us Currency Sub Limit Under2012 Credit Agreement
BorrowingsInNonUSCurrencySubLimitUnder2012CreditAgreement
200000000 USD
CY2012Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
250000000 USD
CY2012Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
750000000 USD
CY2014 hrs Libor Divisor
LiborDivisor
1.00 percent minus daily average eurocurrency reserve rate
CY2014 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.00125 pure
CY2014 hrs Line Of Credit Facility Commitment Fee Percentage Minimum
LineOfCreditFacilityCommitmentFeePercentageMinimum
0.00080 pure
CY2014 hrs Line Of Credit Facility Commitment Fee Percentage Maximum
LineOfCreditFacilityCommitmentFeePercentageMaximum
0.00200 pure
CY2014 us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2012-09-28
CY2014 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-09-28
CY2014Q2 us-gaap Commercial Paper
CommercialPaper
30000000 USD
CY2014Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
1400000 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
1577200000 USD
CY2014Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
-1400000 USD
CY2013Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
-13400000 USD
CY2013Q2 us-gaap Long Term Debt
LongTermDebt
1590500000 USD
CY2013Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
14700000 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1575800000 USD
CY2013Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1577100000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1400000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
400000000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
44.00
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
47.13
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
49.04
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
41.42
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
111760000 USD
CY2014Q2 hrs Share Based Compensation Arrangements By Share Based Payment Award Options Exercisable Intrinsic Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisableIntrinsicValue
50300000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5787394 shares
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11400000 USD
CY2014 hrs Share Based Compensation Expense After Tax
ShareBasedCompensationExpenseAfterTax
24000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10000000 USD
CY2013 hrs Share Based Compensation Expense After Tax
ShareBasedCompensationExpenseAfterTax
22900000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11800000 USD
CY2012 hrs Share Based Compensation Expense After Tax
ShareBasedCompensationExpenseAfterTax
22900000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35400000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32900000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34700000 USD
CY2014Q2 hrs Options Exercisable With In One Year From Grant Date
OptionsExercisableWithInOneYearFromGrantDate
0.333 pure
CY2014Q2 hrs Options Exercisable With In Two Year From Grant Date
OptionsExercisableWithInTwoYearFromGrantDate
0.333 pure
CY2014Q2 hrs Options Exercisable With In Three Year From Grant Date
OptionsExercisableWithInThreeYearFromGrantDate
0.333 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10474951 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
3144685 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
-380202 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1398050 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1455342 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3873644 shares
CY2012 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
37.67
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
27200000 USD
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-2931598 shares
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M28D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M9D
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
45.45
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
57.07
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
51000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
28900000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
16200000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.40
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.32
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.44
CY2014 hrs Stock Options Vested Shares
StockOptionsVestedShares
-1532536 shares
CY2013Q2 hrs Nonvested Stock Options Weighted Average Grant Date Fair Value Per Share
NonvestedStockOptionsWeightedAverageGrantDateFairValuePerShare
10.19
CY2013Q2 hrs Nonvested Stock Options Shares
NonvestedStockOptionsShares
2552788 shares
CY2014Q2 hrs Nonvested Stock Options Shares
NonvestedStockOptionsShares
2418302 shares
CY2014 hrs Stock Options Vested Weighted Average Grant Date Fair Value Per Share
StockOptionsVestedWeightedAverageGrantDateFairValuePerShare
10.52
CY2014Q2 hrs Nonvested Stock Options Weighted Average Grant Date Fair Value Per Share
NonvestedStockOptionsWeightedAverageGrantDateFairValuePerShare
11.25
CY2014 hrs Fair Value Of Vested Stock Options
FairValueOfVestedStockOptions
16100000 USD
CY2013 hrs Fair Value Of Vested Stock Options
FairValueOfVestedStockOptions
22700000 USD
CY2012 hrs Fair Value Of Vested Stock Options
FairValueOfVestedStockOptions
17800000 USD
CY2014Q2 hrs Unrecognized Compensation Cost Related To Restricted Stock And Restricted Stock Unit Awards
UnrecognizedCompensationCostRelatedToRestrictedStockAndRestrictedStockUnitAwards
16200000 USD
CY2014 hrs Fair Value Of Vested Restricted Stock And Restricted Stock Units
FairValueOfVestedRestrictedStockAndRestrictedStockUnits
12300000 USD
CY2013 hrs Fair Value Of Vested Restricted Stock And Restricted Stock Units
FairValueOfVestedRestrictedStockAndRestrictedStockUnits
11400000 USD
CY2012 hrs Fair Value Of Vested Restricted Stock And Restricted Stock Units
FairValueOfVestedRestrictedStockAndRestrictedStockUnits
6000000 USD
CY2014 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
61.39
CY2013 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
46.54
CY2014 hrs Weighted Average Period Of Unrecognized Compensation Cost Related To Restricted Stock And Restricted Stock Unit Awards
WeightedAveragePeriodOfUnrecognizedCompensationCostRelatedToRestrictedStockAndRestrictedStockUnitAwards
P1Y3M7D
CY2014 hrs Weighted Average Period Unrecognized Compensation Cost Related To Performance Share And Performance Share Unit Awards
WeightedAveragePeriodUnrecognizedCompensationCostRelatedToPerformanceShareAndPerformanceShareUnitAwards
P1Y2M27D
CY2014 hrs Fair Value Of Vested Performance Share And Performance Share Units
FairValueOfVestedPerformanceShareAndPerformanceShareUnits
3500000 USD
CY2013 hrs Fair Value Of Vested Performance Share And Performance Share Units
FairValueOfVestedPerformanceShareAndPerformanceShareUnits
17900000 USD
CY2012 hrs Fair Value Of Vested Performance Share And Performance Share Units
FairValueOfVestedPerformanceShareAndPerformanceShareUnits
17200000 USD
CY2014 hrs Performance Shares And Performance Share Units Granted Weighted Average Grant Price Per Share
PerformanceSharesAndPerformanceShareUnitsGrantedWeightedAverageGrantPricePerShare
59.17
CY2013 hrs Performance Shares And Performance Share Units Granted Weighted Average Grant Price Per Share
PerformanceSharesAndPerformanceShareUnitsGrantedWeightedAverageGrantPricePerShare
45.92
CY2012 hrs Performance Shares And Performance Share Units Granted Weighted Average Grant Price Per Share
PerformanceSharesAndPerformanceShareUnitsGrantedWeightedAverageGrantPricePerShare
37.56
CY2014Q2 hrs Unrecognized Compensation Cost Related To Performance Share And Performance Share Unit Awards
UnrecognizedCompensationCostRelatedToPerformanceShareAndPerformanceShareUnitAwards
17100000 USD
CY2014 hrs Period Range Of Options Exercised Maximum
PeriodRangeOfOptionsExercisedMaximum
P10Y
CY2014 hrs Period Range Of Options Exercised Minimum
PeriodRangeOfOptionsExercisedMinimum
P7Y
CY2014 hrs Tenure Of Historical Volatility Of Stock Price Considered To Get Expected Volatility
TenureOfHistoricalVolatilityOfStockPriceConsideredToGetExpectedVolatility
P10Y
CY2014 hrs Tenure Considered To Observe Companys Historical Trend Of Stock
TenureConsideredToObserveCompanysHistoricalTrendOfStock
P10Y
CY2014 hrs Plan Period Considered For Performance Share And Performance Share Unit Awards
PlanPeriodConsideredForPerformanceShareAndPerformanceShareUnitAwards
P3Y
CY2014 hrs Vesting Period For Performance Share And Performance Share Unit Awards
VestingPeriodForPerformanceShareAndPerformanceShareUnitAwards
P3Y
CY2014Q2 hrs Number Of Shareholder Approved Employee Stock Incentive Plans
NumberOfShareholderApprovedEmployeeStockIncentivePlans
2 pure
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M15D
CY2014 hrs Adjustments For Participating Securities Outstanding
AdjustmentsForParticipatingSecuritiesOutstanding
-3800000 USD
CY2014 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
106100000 shares
CY2014 hrs Impact Of Dilutive Stock Options
ImpactOfDilutiveStockOptions
1200000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107300000 shares
CY2013 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
110500000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111200000 shares
CY2013 hrs Adjustments For Participating Securities Outstanding
AdjustmentsForParticipatingSecuritiesOutstanding
-3500000 USD
CY2013 hrs Impact Of Dilutive Stock Options
ImpactOfDilutiveStockOptions
700000 shares
CY2012 hrs Impact Of Dilutive Stock Options
ImpactOfDilutiveStockOptions
600000 shares
CY2012 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
114200000 shares
CY2012 hrs Adjustments For Participating Securities Outstanding
AdjustmentsForParticipatingSecuritiesOutstanding
-7300000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114800000 shares
CY2014Q2 hrs Income From Continuing Operations Available To Common Stockholders Basic And Diluted
IncomeFromContinuingOperationsAvailableToCommonStockholdersBasicAndDiluted
536000000 USD
CY2013Q2 hrs Income From Continuing Operations Available To Common Stockholders Basic And Diluted
IncomeFromContinuingOperationsAvailableToCommonStockholdersBasicAndDiluted
462900000 USD
CY2012Q2 hrs Income From Continuing Operations Available To Common Stockholders Basic And Diluted
IncomeFromContinuingOperationsAvailableToCommonStockholdersBasicAndDiluted
551400000 USD
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
651904 shares
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
45400000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
37800000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
31600000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
21100000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
16700000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
68400000 USD
CY2014Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
155700000 USD
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3164450 shares
CY2013Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
58500000 USD
CY2014 us-gaap Average Remaining Maturity Of Foreign Currency Derivatives1
AverageRemainingMaturityOfForeignCurrencyDerivatives1
P2M
CY2014 us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P12M
CY2014 us-gaap Derivative Lower Remaining Maturity Range1
DerivativeLowerRemainingMaturityRange1
P1M
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
48300000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
48200000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
47900000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
221000000 USD
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5151746 shares
CY2014 hrs Research And Development Expense Excluding Acquired In Process Cost And Including Software
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCostAndIncludingSoftware
264100000 USD
CY2013 hrs Research And Development Expense Excluding Acquired In Process Cost And Including Software
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCostAndIncludingSoftware
254100000 USD
CY2012 hrs Research And Development Expense Excluding Acquired In Process Cost And Including Software
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCostAndIncludingSoftware
218900000 USD
CY2014 us-gaap Interest Paid
InterestPaid
92600000 USD
CY2013 us-gaap Interest Paid
InterestPaid
109900000 USD
CY2012 us-gaap Interest Paid
InterestPaid
109600000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1000000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6200000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-19500000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-17000000 USD
CY2014 hrs Net Royalty Income Expense
NetRoyaltyIncomeExpense
4300000 USD
CY2013 hrs Net Royalty Income Expense
NetRoyaltyIncomeExpense
600000 USD
CY2012 hrs Net Royalty Income Expense
NetRoyaltyIncomeExpense
11100000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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3 pure
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not exceeded 3 percent of total revenue
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220600000 USD
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164800000 USD
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209900000 USD
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62200000 USD
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77800000 USD
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1059400000 USD
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60200000 USD
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81800000 USD
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110700000 USD
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366900000 USD

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