2013 Form 10-K Financial Statement

#000075000416000023 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2013
Revenue $1.091B
YoY Change 17.48%
Cost Of Revenue $591.7M
YoY Change 14.16%
Gross Profit $499.2M
YoY Change 21.67%
Gross Profit Margin 45.76%
Selling, General & Admin $266.4M
YoY Change 48.49%
% of Gross Profit 53.37%
Research & Development $26.00M
YoY Change 293.94%
% of Gross Profit 5.21%
Depreciation & Amortization $202.4M
YoY Change 34.22%
% of Gross Profit 40.54%
Operating Expenses $292.4M
YoY Change 57.2%
Operating Profit -$18.30M
YoY Change -129.09%
Interest Expense $119.5M
YoY Change 19.5%
% of Operating Profit
Other Income/Expense, Net -$1.100M
YoY Change -184.62%
Pretax Income -$143.3M
YoY Change 517.67%
Income Tax -$117.7M
% Of Pretax Income
Net Earnings -$30.20M
YoY Change -51.76%
Net Earnings / Revenue -2.77%
Basic Earnings Per Share -$0.36
Diluted Earnings Per Share -$0.36
COMMON SHARES
Basic Shares Outstanding 85.00M shares
Diluted Shares Outstanding 85.00M shares

Balance Sheet

Concept 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $153.7M
YoY Change 41.01%
Cash & Equivalents $153.7M
Short-Term Investments
Other Short-Term Assets $161.2M
YoY Change 91.68%
Inventory $137.8M
Prepaid Expenses
Receivables $346.0M
Other Receivables $158.7M
Total Short-Term Assets $957.4M
YoY Change 97.57%
LONG-TERM ASSETS
Property, Plant & Equipment $773.1M
YoY Change 105.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $367.2M
YoY Change 16.13%
Other Assets $128.4M
YoY Change 253.72%
Total Long-Term Assets $3.279B
YoY Change 92.62%
TOTAL ASSETS
Total Short-Term Assets $957.4M
Total Long-Term Assets $3.279B
Total Assets $4.236B
YoY Change 93.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.9M
YoY Change 74.38%
Accrued Expenses $280.3M
YoY Change 114.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $30.40M
YoY Change 84.24%
Total Short-Term Liabilities $451.6M
YoY Change 76.2%
LONG-TERM LIABILITIES
Long-Term Debt $3.162B
YoY Change 117.83%
Other Long-Term Liabilities $109.6M
YoY Change 111.58%
Total Long-Term Liabilities $3.272B
YoY Change 117.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $451.6M
Total Long-Term Liabilities $3.272B
Total Liabilities $3.861B
YoY Change 111.92%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $375.0M
YoY Change
Total Liabilities & Shareholders Equity $4.236B
YoY Change 93.72%

Cashflow Statement

Concept 2013
OPERATING ACTIVITIES
Net Income -$30.20M
YoY Change -51.76%
Depreciation, Depletion And Amortization $202.4M
YoY Change 34.22%
Cash From Operating Activities $171.2M
YoY Change 9.18%
INVESTING ACTIVITIES
Capital Expenditures $84.30M
YoY Change 88.17%
Acquisitions $1.473B
YoY Change 5839.11%
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$1.665B
YoY Change 1073.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $800.0K
YoY Change -98.83%
Debt Paid & Issued, Net $670.4M
YoY Change 184.31%
Cash From Financing Activities $1.539B
YoY Change -15334.65%
NET CHANGE
Cash From Operating Activities $171.2M
Cash From Investing Activities -$1.665B
Cash From Financing Activities $1.539B
Net Change In Cash $45.20M
YoY Change 841.67%
FREE CASH FLOW
Cash From Operating Activities $171.2M
Capital Expenditures $84.30M
Free Cash Flow $86.90M
YoY Change -22.41%

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CY2015Q3 us-gaap Cost Of Goods And Services Sold
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CY2014 us-gaap Cost Of Goods Sold
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CY2015 us-gaap Cost Of Goods Sold
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CY2015 us-gaap Current Federal Tax Expense Benefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
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CY2015 us-gaap Current Foreign Tax Expense Benefit
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2014 us-gaap Current Income Tax Expense Benefit
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CY2015 us-gaap Current Income Tax Expense Benefit
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CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2015 us-gaap Current State And Local Tax Expense Benefit
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CY2014Q4 us-gaap Customer Advances Current
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CY2015Q4 us-gaap Customer Advances Current
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CY2014 us-gaap Deferred Income Tax Expense Benefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2015 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2013 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.132
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.007
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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300000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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199400000 USD
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229900000 USD
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2956100000 USD
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0 USD
CY2014 us-gaap Goodwill Impairment Loss
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0 USD
CY2015Q1 us-gaap Goodwill Impairment Loss
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CY2015Q3 us-gaap Goodwill Impairment Loss
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935000000 USD
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27000000 USD
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100200000 USD
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CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Goodwill Impairment Loss
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CY2015Q4 us-gaap Goodwill Impairment Loss
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67600000 USD
CY2015 us-gaap Goodwill Impairment Loss
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1002600000 USD
CY2014 us-gaap Goodwill Translation Adjustments
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-30900000 USD
CY2015 us-gaap Goodwill Translation Adjustments
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-92000000 USD
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0 USD
CY2014 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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6000000 USD
CY2015 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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128600000 USD
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CY2013 us-gaap Income Loss From Continuing Operations
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CY2014 us-gaap Income Loss From Continuing Operations
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-143300000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-494900000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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-2.77
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
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-16.23
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-4600000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
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-0.06
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2013 us-gaap Income Loss From Equity Method Investments
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1500000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
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CY2015 us-gaap Income Loss From Equity Method Investments
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16900000 USD
CY2013 us-gaap Income Tax Expense Benefit
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CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015 us-gaap Income Tax Expense Benefit
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14900000 USD
CY2014 us-gaap Income Taxes Paid Net
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CY2015 us-gaap Income Taxes Paid Net
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89200000 USD
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27500000 USD
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7800000 USD
CY2014 us-gaap Increase Decrease In Accounts And Notes Receivable
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-97100000 USD
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-5100000 USD
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4500000 USD
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52600000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
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47000000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
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100000 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
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107800000 USD
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264300000 USD
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330600000 USD
CY2013 us-gaap Increase Decrease In Inventories
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9100000 USD
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400000 USD
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2251600000 USD
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1920000000 USD
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119500000 USD
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307200000 USD
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664900000 USD
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185300000 USD
CY2015 us-gaap Interest Paid
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97400000 USD
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130200000 USD
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265600000 USD
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248500000 USD
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105700000 USD
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118300000 USD
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5900000 USD
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653900000 USD
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500000 USD
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CY2015Q4 us-gaap Liabilities
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9721100000 USD
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8215100000 USD
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655800000 USD
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171200000 USD
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203500000 USD
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414200000 USD
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50600000 USD
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50300000 USD
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8207000000 USD
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5380000000 USD
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2482000000 USD
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45800000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
396000000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
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50600000 USD
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50300000 USD
CY2014Q4 us-gaap Loss Contingency Accrual At Carrying Value
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47300000 USD
CY2015Q4 us-gaap Loss Contingency Accrual At Carrying Value
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16400000 USD
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13200000 USD
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1538700000 USD
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3157400000 USD
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CY2014Q4 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
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CY2015Q1 us-gaap Net Income Loss
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us-gaap Net Income Loss
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194600000 USD
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180400000 USD
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87500000 USD
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51300000 USD
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CY2015Q4 us-gaap Notes Receivable Net
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706100000 USD
CY2015 us-gaap Number Of Operating Segments
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3 Segment
CY2015 us-gaap Number Of Reportable Segments
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3 Segment
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8 Reporting_Unit
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3600000 USD
CY2014Q3 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Income Loss
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CY2014 us-gaap Operating Income Loss
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CY2015Q2 us-gaap Operating Income Loss
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CY2015Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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27100000 USD
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7800000 USD
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9200000 USD
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14000000 USD
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20000000 USD
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13100000 USD
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23700000 USD
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44500000 USD
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47000000 USD
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20800000 USD
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5300000 USD
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7000000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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18200000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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21600000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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800000 USD
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29500000 USD
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CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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21300000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-112700000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1400000 USD
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188900000 USD
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2900000 USD
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CY2015 us-gaap Other Noncash Income Expense
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2100000 USD
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4000000 USD
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CY2013 us-gaap Paid In Kind Interest
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8700000 USD
CY2014 us-gaap Paid In Kind Interest
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19400000 USD
CY2015 us-gaap Paid In Kind Interest
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40200000 USD
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CY2014 us-gaap Payments Of Financing Costs
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163100000 USD
CY2015 us-gaap Payments Of Financing Costs
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1472900000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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3140600000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2013 us-gaap Payments To Acquire Equity Method Investments
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86100000 USD
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48200000 USD
CY2015 us-gaap Payments To Acquire Equity Method Investments
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2700000 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
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52100000 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
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89100000 USD
CY2015 us-gaap Payments To Acquire Intangible Assets
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104400000 USD
CY2013 us-gaap Payments To Acquire Other Productive Assets
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29400000 USD
CY2014 us-gaap Payments To Acquire Other Productive Assets
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41700000 USD
CY2015 us-gaap Payments To Acquire Other Productive Assets
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18800000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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84300000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
107500000 USD
CY2013 us-gaap Proceeds From Lines Of Credit
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CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
220000000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
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170000000 USD
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900000 USD
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500000 USD
CY2015 us-gaap Proceeds From Sale Of Productive Assets
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6700000 USD
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CY2015 us-gaap Proceeds From Stock Plans
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CY2014Q4 us-gaap Property Plant And Equipment Net
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1012800000 USD
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794000000 USD
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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200000 USD
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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200000 USD
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CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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200400000 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses
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10000000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
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44900000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2013 us-gaap Proceeds From Issuance Of Other Long Term Debt
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2293700000 USD
CY2014 us-gaap Proceeds From Issuance Of Other Long Term Debt
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5477300000 USD
CY2015 us-gaap Proceeds From Issuance Of Other Long Term Debt
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0 USD
CY2013 us-gaap Repayments Of Debt
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0 USD
CY2014 us-gaap Repayments Of Debt
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35000000 USD
CY2015 us-gaap Repayments Of Debt
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260000000 USD
CY2013 us-gaap Repayments Of Long Term Debt
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670400000 USD
CY2014 us-gaap Repayments Of Long Term Debt
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2267100000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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51300000 USD
CY2013 us-gaap Research And Development Expense
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CY2015 us-gaap Sales Revenue Goods Net
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863000000 USD
CY2013 us-gaap Sales Revenue Services Net
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415000000 USD
CY2014 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
788500000 USD
CY2015 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1351800000 USD
CY2013 us-gaap Selling General And Administrative Expense
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266400000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
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95600000 USD
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SellingGeneralAndAdministrativeExpense
225100000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
507700000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
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145900000 USD
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140900000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10700000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-71400000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
136800000 USD
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
567700000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
22300000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
24100000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
25400000 USD
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2014Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
75000000 USD
CY2014Q1 us-gaap Stock Repurchased During Period Shares
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2000000 shares
CY2014Q1 us-gaap Stock Repurchased During Period Value
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29500000 USD
CY2013Q4 us-gaap Stockholders Equity
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375000000 USD
CY2014Q4 us-gaap Stockholders Equity
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CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
-1380800000 USD
CY2015Q4 us-gaap Stockholders Equity
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-1495500000 USD
CY2014Q4 us-gaap Treasury Stock Shares
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17200000 shares
CY2015Q4 us-gaap Treasury Stock Shares
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17200000 shares
CY2014Q4 us-gaap Treasury Stock Value
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175200000 USD
CY2015Q4 us-gaap Treasury Stock Value
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175200000 USD
CY2014Q4 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within One Year
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65200000 USD
CY2015Q4 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected Within One Year
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62300000 USD
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1800000 USD
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8100000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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13900000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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10800000 USD
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800000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3500000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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1000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
800000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
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UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
9800000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
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CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
7200000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
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CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
100000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
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100000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-11700000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84300000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84700000 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84900000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84600000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85300000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85900000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
86100000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
86300000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85900000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85000000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
84700000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
84900000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84600000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85300000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85900000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86100000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86300000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85900000 shares
CY2015 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:174%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred Revenue and Deferred Cost of Revenue</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred revenue arises from the timing differences between the shipment or installation of gaming equipment and systems products and the satisfaction of all revenue recognition criteria consistent with the Company's revenue recognition policy, as well as prepayment of contracts which are recognized ratably over a service period, such as maintenance or licensing revenue. Deferred cost of revenue consists of the direct costs associated with the manufacture of gaming equipment and systems products for which revenue has been deferred. Deferred revenue and deferred cost of revenue expected to be realized within one year are classified as current liabilities and current assets, respectively.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the significant estimates involve revenue recognition estimates for contracted lottery systems projects, contracts involving software and non-software elements, and multi-deliverable contract arrangements. Other areas involving significant estimates include the allowance for doubtful accounts related to notes receivable; valuation of equity method investments, long-lived assets, intangible assets, and goodwill; income tax benefit (expense) and deferred income taxes; allocation of the purchase price to assets acquired and liabilities assumed in business combinations; and assessment of legal and other contingencies. Various assumptions and other factors underlie the determination of these significant estimates. The process of determining significant estimates is fact specific and takes into account factors such as historical experience, current and expected economic conditions, and product mix. We may engage third party valuation specialists to assist in the valuation of long-lived assets, intangible assets, and goodwill and in the allocation of purchase price to assets acquired and liabilities assumed in business combinations. We regularly evaluate these significant factors and make adjustments when facts and circumstances dictate. Actual results may differ from our estimates and these differences could be material.</font></div></div>

Files In Submission

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