2018 Q2 Form 10-Q Financial Statement

#000106920218000013 Filed on July 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.175B $1.102B
YoY Change 6.65% 8.13%
Cost Of Revenue $813.8M $761.3M
YoY Change 6.9% 8.11%
Gross Profit $361.6M $340.8M
YoY Change 6.1% 8.19%
Gross Profit Margin 30.76% 30.92%
Selling, General & Admin $161.4M $168.5M
YoY Change -4.21% 5.71%
% of Gross Profit 44.63% 49.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.20M $16.30M
YoY Change -0.61% 13.99%
% of Gross Profit 4.48% 4.78%
Operating Expenses $161.4M $168.5M
YoY Change -4.21% 5.71%
Operating Profit $195.1M $175.4M
YoY Change 11.23% 9.15%
Interest Expense $9.800M $8.200M
YoY Change 19.51% 20.59%
% of Operating Profit 5.02% 4.68%
Other Income/Expense, Net -$800.0K $100.0K
YoY Change -900.0% -50.0%
Pretax Income $184.5M $167.3M
YoY Change 10.28% 8.57%
Income Tax $45.30M $50.90M
% Of Pretax Income 24.55% 30.42%
Net Earnings $137.6M $115.5M
YoY Change 19.13% 4.34%
Net Earnings / Revenue 11.71% 10.48%
Basic Earnings Per Share $3.38 $2.73
Diluted Earnings Per Share $3.35 $2.69
COMMON SHARES
Basic Shares Outstanding 40.70M shares 42.30M shares
Diluted Shares Outstanding 41.10M shares 42.90M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.40M $61.30M
YoY Change -35.73% 12.07%
Cash & Equivalents $39.40M $61.30M
Short-Term Investments
Other Short-Term Assets $53.30M $76.70M
YoY Change -30.51% 15.69%
Inventory $540.2M $538.8M
Prepaid Expenses
Receivables $741.3M $689.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.386B $1.367B
YoY Change 1.4% 7.6%
LONG-TERM ASSETS
Property, Plant & Equipment $371.0M $371.7M
YoY Change -0.19% 7.68%
Goodwill $186.8M $199.0M
YoY Change -6.13% 0.25%
Intangibles
YoY Change
Long-Term Investments $0.00 $4.500M
YoY Change -100.0% -22.41%
Other Assets $66.60M $67.10M
YoY Change -0.75% 2.76%
Total Long-Term Assets $713.6M $779.1M
YoY Change -8.41% 3.33%
TOTAL ASSETS
Total Short-Term Assets $1.386B $1.367B
Total Long-Term Assets $713.6M $779.1M
Total Assets $2.099B $2.146B
YoY Change -2.16% 6.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $437.5M $442.5M
YoY Change -1.13% 10.68%
Accrued Expenses $253.6M $257.2M
YoY Change -1.4% 0.27%
Deferred Revenue $5.000M
YoY Change
Short-Term Debt $3.800M $251.3M
YoY Change -98.49% 11.49%
Long-Term Debt Due $400.0K $600.0K
YoY Change -33.33% -40.0%
Total Short-Term Liabilities $744.1M $989.5M
YoY Change -24.8% -11.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.319B $922.6M
YoY Change 42.97% 49.05%
Other Long-Term Liabilities $127.5M $131.5M
YoY Change -3.04% 4.37%
Total Long-Term Liabilities $127.5M $131.5M
YoY Change -3.04% 4.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $744.1M $989.5M
Total Long-Term Liabilities $127.5M $131.5M
Total Liabilities $2.280B $2.135B
YoY Change 6.76% 7.15%
SHAREHOLDERS EQUITY
Retained Earnings $1.723B $1.472B
YoY Change 17.02% 17.97%
Common Stock $1.069B $1.039B
YoY Change 2.92% 6.02%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.791B $2.335B
YoY Change 19.57% 16.13%
Treasury Stock Shares 46.92M shares 44.99M shares
Shareholders Equity -$180.2M $10.20M
YoY Change
Total Liabilities & Shareholders Equity $2.099B $2.146B
YoY Change -2.16% 6.01%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $137.6M $115.5M
YoY Change 19.13% 4.34%
Depreciation, Depletion And Amortization $16.20M $16.30M
YoY Change -0.61% 13.99%
Cash From Operating Activities $48.50M $59.30M
YoY Change -18.21% -244.63%
INVESTING ACTIVITIES
Capital Expenditures -$20.70M -$18.50M
YoY Change 11.89% -144.36%
Acquisitions
YoY Change
Other Investing Activities $111.8M $100.0K
YoY Change 111700.0%
Cash From Investing Activities $91.10M -$18.40M
YoY Change -595.11% -55.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -157.9M -33.00M
YoY Change 378.48% -134.16%
NET CHANGE
Cash From Operating Activities 48.50M 59.30M
Cash From Investing Activities 91.10M -18.40M
Cash From Financing Activities -157.9M -33.00M
Net Change In Cash -18.30M 7.900M
YoY Change -331.65% -43.17%
FREE CASH FLOW
Cash From Operating Activities $48.50M $59.30M
Capital Expenditures -$20.70M -$18.50M
Free Cash Flow $69.20M $77.80M
YoY Change -11.05% -194.07%

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IncomeLossFromContinuingOperations
116400000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
159900000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
139200000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
177100000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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167300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
220600000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
184500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
228500000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.75
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.76
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.42
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.31
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.71
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.70
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.39
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.26
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-900000 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1600000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1600000 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.02
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5500000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10900000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4900000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8400000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60700000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51400000 USD
us-gaap Income Taxes Paid Net
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47800000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
45000000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
213800000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
272100000 USD
us-gaap Increase Decrease In Accounts Payable
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81300000 USD
us-gaap Increase Decrease In Accounts Payable
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109200000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
0 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
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0 USD
us-gaap Increase Decrease In Accrued Liabilities
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-9900000 USD
us-gaap Increase Decrease In Accrued Liabilities
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3200000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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16200000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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15100000 USD
us-gaap Increase Decrease In Inventories
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114100000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
115500000 USD
us-gaap Increase Decrease In Other Operating Assets
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5700000 USD
us-gaap Increase Decrease In Other Operating Assets
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2200000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-5600000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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9200000 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2017Q2 us-gaap Interest Expense
InterestExpense
8200000 USD
us-gaap Interest Expense
InterestExpense
15700000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
9800000 USD
us-gaap Interest Expense
InterestExpense
18200000 USD
us-gaap Interest Paid Net
InterestPaidNet
17100000 USD
us-gaap Interest Paid Net
InterestPaidNet
18300000 USD
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331900000 USD
CY2018Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
365300000 USD
CY2017Q4 us-gaap Inventory Gross
InventoryGross
536600000 USD
CY2018Q2 us-gaap Inventory Gross
InventoryGross
592700000 USD
CY2017Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
52400000 USD
CY2018Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
52500000 USD
CY2017Q4 us-gaap Inventory Net
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484200000 USD
CY2018Q2 us-gaap Inventory Net
InventoryNet
540200000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
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199200000 USD
CY2018Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
221000000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5500000 USD
CY2018Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
6400000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2018Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2017Q4 us-gaap Liabilities
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1841400000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
2279600000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1891500000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2099400000 USD
CY2017Q4 us-gaap Liabilities Current
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654500000 USD
CY2018Q2 us-gaap Liabilities Current
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744100000 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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0 USD
CY2018Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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7400000 USD
CY2017Q2 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
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700000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
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2400000 USD
CY2018Q2 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
-200000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
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1900000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
970500000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1319000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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32600000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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29800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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68500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2017Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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159000000 USD
CY2018Q2 us-gaap Net Income Loss
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137600000 USD
us-gaap Net Income Loss
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175500000 USD
us-gaap Number Of Reportable Segments
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3 Segment
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
175400000 USD
us-gaap Operating Income Loss
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236200000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
195100000 USD
us-gaap Operating Income Loss
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248100000 USD
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CY2018Q2 us-gaap Other Assets Current
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CY2018Q2 us-gaap Other Assets Noncurrent
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66600000 USD
CY2017Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
100000 USD
CY2018Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
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CY2017Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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600000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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7000000 USD
CY2018Q2 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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-600000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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-5000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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13300000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
29200000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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-20900000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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-12900000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
9100000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
28700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-300000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-3200000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
28600000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
300000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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3200000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
5300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
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1500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
3900000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-1900000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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-2400000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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2800000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
5900000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
2600000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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7200000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
100000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
20400000 USD
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129300000 USD
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127500000 USD
us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2017Q2 us-gaap Other Operating Income Expense Net
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2018Q2 us-gaap Other Operating Income Expense Net
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us-gaap Other Operating Income Expense Net
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CY2017Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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2600000 USD
CY2018Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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2500000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
175000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
350200000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
700000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
36900000 USD
us-gaap Payments Of Dividends Common Stock
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42400000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14100000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18600000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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43400000 USD
us-gaap Pension Contributions
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400000 USD
us-gaap Pension Contributions
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2200000 USD
us-gaap Pension Expense
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2400000 USD
us-gaap Pension Expense
PensionExpense
4200000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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0 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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111800000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1500000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1200000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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1352500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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1391000000 USD
us-gaap Proceeds From Other Debt
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200000000 USD
us-gaap Proceeds From Other Debt
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65000000 USD
us-gaap Sales Revenue Net
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2010200000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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us-gaap Proceeds From Repayments Of Short Term Debt
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2900000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
100000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
109900000 USD
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
110400000 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
34800000 USD
CY2018Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
35000000 USD
CY2017Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
75100000 USD
CY2018Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
75400000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
21700000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-3300000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
24200000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
397800000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
371000000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2700000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3300000 USD
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
506500000 USD
CY2018Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
741300000 USD
CY2018Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
514800000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-20800000 USD
CY2017Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0 USD
CY2018Q2 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
200500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
17800000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1031000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1042000000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
51000000 USD
CY2018Q2 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
20100000 USD
CY2018Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
21400000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
1300000 USD
CY2017Q2 us-gaap Restructuring Charges
RestructuringCharges
100000 USD
us-gaap Restructuring Charges
RestructuringCharges
200000 USD
CY2018Q2 us-gaap Restructuring Charges
RestructuringCharges
500000 USD
us-gaap Restructuring Charges
RestructuringCharges
1300000 USD
us-gaap Restructuring Costs
RestructuringCosts
0 USD
us-gaap Restructuring Costs
RestructuringCosts
600000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
200000 USD
CY2018Q2 us-gaap Restructuring Reserve
RestructuringReserve
600000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
200000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1575900000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1722800000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1574900000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1102100000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1895600000 USD
CY2018Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1175400000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
168500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
320900000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
161400000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
316600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13600000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
100000 shares
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
900000 USD
CY2018Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
3800000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
2700000 USD
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2500000000.0 USD
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2018Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
546000000 USD
CY2018Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1000000 shares
CY2018Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
200200000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50100000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-180200000 USD
us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Ownership Interest
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest
1
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
45361145 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
46920057 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2430800000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2791300000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1300000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43200000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41600000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42600000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41100000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts have been reclassified from the prior year presentation to conform to the current year presentation.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements requires us to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible assets and other long-lived assets, contingencies, guarantee obligations, indemnifications, and assumptions used in the calculation of income taxes, pension and post-retirement medical benefits, and stock-based compensation, among others. These estimates and assumptions are based on our best estimates and judgment. </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We evaluate these estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates and assumptions to be reasonable under the circumstances and will adjust such estimates and assumptions when facts and circumstances dictate. Volatile equity, foreign currency and commodity markets combine to increase the uncertainty inherent in such estimates and assumptions. Future events and their effects cannot be determined with precision and actual results could differ significantly from these estimates. Changes in these estimates will be reflected in the financial statements in future periods.</font></div></div>

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