2017 Q4 Form 10-K Financial Statement

#000006299618000015 Filed on February 08, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $1.874B $1.936B $2.057B
YoY Change 6.54% 3.14% 2.8%
Cost Of Revenue $13.00M $1.288B $1.320B
YoY Change -98.9% 1.98% 1.46%
Gross Profit $604.0M $657.0M $746.0M
YoY Change 5.41% 7.0% 6.57%
Gross Profit Margin 32.23% 33.94% 36.27%
Selling, General & Admin $121.0M $348.0M $374.0M
YoY Change -63.33% 0.87% 2.47%
% of Gross Profit 20.03% 52.97% 50.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $185.0M $348.0M $374.0M
YoY Change -43.94% 0.87% 2.47%
Operating Profit $256.0M $309.0M $372.0M
YoY Change 5.35% 14.87% 11.04%
Interest Expense -$41.00M $43.00M $153.0M
YoY Change -6.82% 0.0% 75.86%
% of Operating Profit -16.02% 13.92% 41.13%
Other Income/Expense, Net -$4.000M -$45.00M -$110.0M
YoY Change -86.67% 7.14% 34.15%
Pretax Income -$18.00M $264.0M $262.0M
YoY Change -110.29% 16.3% 3.56%
Income Tax $14.00M $100.0M $86.00M
% Of Pretax Income 37.88% 32.82%
Net Earnings $80.00M $152.0M $163.0M
YoY Change -18.37% 13.43% 8.67%
Net Earnings / Revenue 4.27% 7.85% 7.92%
Basic Earnings Per Share $0.25 $0.48 $0.51
Diluted Earnings Per Share $0.25 $0.48 $0.51
COMMON SHARES
Basic Shares Outstanding 313.0M shares 315.0M shares
Diluted Shares Outstanding 316.0M shares 319.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.302B $1.218B $1.136B
YoY Change 9.32% -0.41% 4.12%
Cash & Equivalents $1.194B $1.141B $992.0M
Short-Term Investments $108.0M $77.00M $144.0M
Other Short-Term Assets $111.0M $96.00M $89.00M
YoY Change -2.63% 10.34% 1.14%
Inventory $784.0M $866.0M $850.0M
Prepaid Expenses
Receivables $1.066B $1.128B $1.231B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.263B $3.308B $3.306B
YoY Change 11.21% 5.96% 8.15%
LONG-TERM ASSETS
Property, Plant & Equipment $1.129B $1.097B $1.080B
YoY Change 6.51% 4.58% 3.95%
Goodwill $453.0M $801.0M $797.0M
YoY Change -45.55% -4.76% -5.12%
Intangibles $187.0M $156.0M $156.0M
YoY Change 21.43% 0.65% 0.0%
Long-Term Investments
YoY Change
Other Assets $114.0M $121.0M $150.0M
YoY Change -27.39% -41.26% -35.34%
Total Long-Term Assets $2.271B $2.175B $2.183B
YoY Change 1.84% -3.38% -3.71%
TOTAL ASSETS
Total Short-Term Assets $3.263B $3.308B $3.306B
Total Long-Term Assets $2.271B $2.175B $2.183B
Total Assets $5.534B $5.483B $5.489B
YoY Change 7.16% 2.05% 3.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $824.0M $916.0M $960.0M
YoY Change 3.0% 5.77% 5.15%
Accrued Expenses $727.0M $675.0M $615.0M
YoY Change 10.49% 5.14% -14.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $116.0M $117.0M $117.0M
YoY Change 5700.0% 3800.0% 3800.0%
Total Short-Term Liabilities $1.667B $1.708B $1.692B
YoY Change 14.18% 13.04% 3.68%
LONG-TERM LIABILITIES
Long-Term Debt $2.969B $2.969B $2.967B
YoY Change -0.87% -0.8% -0.87%
Other Long-Term Liabilities $715.0M $746.0M $760.0M
YoY Change -8.92% -2.61% 20.83%
Total Long-Term Liabilities $3.684B $3.715B $3.727B
YoY Change -2.54% -1.17% 2.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.667B $1.708B $1.692B
Total Long-Term Liabilities $3.684B $3.715B $3.727B
Total Liabilities $5.351B $5.423B $5.419B
YoY Change 2.12% 2.9% 3.14%
SHAREHOLDERS EQUITY
Retained Earnings -$298.0M -$343.0M -$288.0M
YoY Change -21.78% 35.57% 5.49%
Common Stock $310.0M $311.0M $315.0M
YoY Change -2.52% -4.31% -3.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$53.00M -$159.0M -$131.0M
YoY Change
Total Liabilities & Shareholders Equity $5.534B $5.483B $5.489B
YoY Change 7.73% 2.05% 3.1%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $80.00M $152.0M $163.0M
YoY Change -18.37% 13.43% 8.67%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $284.0M $312.0M $304.0M
YoY Change -7.19% 6.48% 16.92%
INVESTING ACTIVITIES
Capital Expenditures -$60.00M -$36.00M -$40.00M
YoY Change -4.76% -5.26% -4.76%
Acquisitions
YoY Change
Other Investing Activities -$122.0M $69.00M $190.0M
YoY Change 480.95% -246.81% 183.58%
Cash From Investing Activities -$182.0M $33.00M $150.0M
YoY Change 116.67% -138.82% 500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.00M -213.0M -172.0M
YoY Change -76.31% 74.59% -88.45%
NET CHANGE
Cash From Operating Activities 284.0M 312.0M 304.0M
Cash From Investing Activities -182.0M 33.00M 150.0M
Cash From Financing Activities -59.00M -213.0M -172.0M
Net Change In Cash 43.00M 132.0M 282.0M
YoY Change -259.26% 53.49% -123.42%
FREE CASH FLOW
Cash From Operating Activities $284.0M $312.0M $304.0M
Capital Expenditures -$60.00M -$36.00M -$40.00M
Free Cash Flow $344.0M $348.0M $344.0M
YoY Change -6.78% 5.14% 13.91%

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CY2017 us-gaap Cost Of Goods And Services Sold
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19000000 USD
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45000000 USD
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20000000 USD
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CY2016 us-gaap Earnings Per Share Diluted
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1.47
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0.43
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0.49
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0.46
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0.27
CY2017 us-gaap Earnings Per Share Diluted
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1.66
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0.43
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55000000 USD
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0.36
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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0.03
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.02
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0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions
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0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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0.04
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.02
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.02
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0.00
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0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.03
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0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.03
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
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11000000 USD
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2000000 USD
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16000000 USD
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10000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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6000000 USD
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5000000 USD
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5000000 USD
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5000000 USD
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5000000 USD
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26000000 USD
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CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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0 USD
CY2015 us-gaap Gain Loss On Sale Of Business
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CY2016 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2017 us-gaap Gain Loss On Sale Of Business
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7000000 USD
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4000000 USD
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4000000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
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38000000 USD
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2047000000 USD
CY2016Q4 us-gaap Goodwill Gross
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2040000000 USD
CY2017Q4 us-gaap Goodwill Gross
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1767000000 USD
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1208000000 USD
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1208000000 USD
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926000000 USD
CY2015 us-gaap Goodwill Impairment Loss
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0 USD
CY2016 us-gaap Goodwill Impairment Loss
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0 USD
CY2017 us-gaap Goodwill Impairment Loss
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7000000 USD
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47000000 USD
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2253000000 USD
CY2016Q1 us-gaap Gross Profit
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569000000 USD
CY2016Q2 us-gaap Gross Profit
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700000000 USD
CY2016Q3 us-gaap Gross Profit
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614000000 USD
CY2016Q4 us-gaap Gross Profit
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573000000 USD
CY2016 us-gaap Gross Profit
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2456000000 USD
CY2017Q1 us-gaap Gross Profit
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608000000 USD
CY2017Q2 us-gaap Gross Profit
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737000000 USD
CY2017Q3 us-gaap Gross Profit
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650000000 USD
CY2017Q4 us-gaap Gross Profit
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616000000 USD
CY2017 us-gaap Gross Profit
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2611000000 USD
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0 USD
CY2016 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2017 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2015 us-gaap Income Loss From Continuing Operations
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357000000 USD
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614000000 USD
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731000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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689000000 USD
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830000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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885000000 USD
CY2016 us-gaap Income Loss From Continuing Operations
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491000000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
533000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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496000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
193000000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
216000000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
154000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
396000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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534000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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580000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.04
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.49
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.68
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.03
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.47
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.66
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-2000000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2017 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 Diluted Share
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-0.01
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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1000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
293000000 USD
CY2016 us-gaap Income Tax Expense Benefit
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18000000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2017 us-gaap Proceeds From Sale Of Short Term Investments
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CY2016 us-gaap Profit Loss
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CY2017 us-gaap Profit Loss
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580000000 USD
CY2015 us-gaap Property Plant And Equipment Additions
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180000000 USD
CY2017 us-gaap Property Plant And Equipment Additions
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173000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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2618000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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CY2017Q4 us-gaap Receivables Net Current
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1021000000 USD
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CY2017 us-gaap Stock Repurchased And Retired During Period Shares
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CY2015 us-gaap Repayments Of Long Term Debt
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CY2016 us-gaap Repayments Of Long Term Debt
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4000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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5000000 USD
CY2015 us-gaap Repayments Of Notes Payable
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500000000 USD
CY2016 us-gaap Repayments Of Notes Payable
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1300000000 USD
CY2017 us-gaap Repayments Of Notes Payable
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535000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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-381000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2015 us-gaap Sales Revenue Net
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7142000000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1720000000 USD
CY2016Q2 us-gaap Sales Revenue Net
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CY2016Q3 us-gaap Sales Revenue Net
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CY2016Q4 us-gaap Sales Revenue Net
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CY2016 us-gaap Sales Revenue Net
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SalesRevenueNet
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SalesRevenueNet
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CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2017Q4 us-gaap Sales Revenue Net
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1874000000 USD
CY2017 us-gaap Sales Revenue Net
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7644000000 USD
CY2015 us-gaap Selling General And Administrative Expense
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1339000000 USD
CY2016 us-gaap Selling General And Administrative Expense
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1403000000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1442000000 USD
CY2015 us-gaap Share Based Compensation
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41000000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
29000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
38000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue
34
CY2017 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
7
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
4000000 shares
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
5000000 shares
CY2017 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
34
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
13
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
16
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
201000000 USD
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
108000000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
152000000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
192000000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
205000000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual Current
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56000000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
59000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
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56000000 USD
CY2017 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
59000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
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33000000 USD
CY2017 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
9000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2017Q2 us-gaap Stock Repurchase Program Authorized Amount1
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1500000000 USD
CY2017 us-gaap Standard Product Warranty Accrual Warranties Issued
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63000000 USD
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CY2016 us-gaap Stock Issued During Period Value New Issues
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CY2017 us-gaap Stock Issued During Period Value New Issues
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-19000000 USD
CY2017Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1300000000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
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17200000 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Value
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456000000 USD
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
459000000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
331000000 USD
CY2016Q4 us-gaap Stockholders Equity
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-298000000 USD
CY2017Q4 us-gaap Stockholders Equity
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-60000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1128000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
58000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-103000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
176000000 USD
CY2015 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
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CY2016Q4 us-gaap Taxes Payable Current
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19000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
27000000 USD
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5000000 USD
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
6000000 USD
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
43000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
46000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
54000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
10000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
9000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
8000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
11000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
13000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
7000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
30000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
43000000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
341000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
330000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
318000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
338000000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
314000000 shares
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;">Reclassifications.</font><font style="font-family:Arial;font-size:10pt;color:#000000;">&#160;&#160;&#160;&#160;Certain prior year amounts have been reclassified to conform to the </font><font style="font-family:Arial;font-size:10pt;color:#000000;">2017</font><font style="font-family:Arial;font-size:10pt;color:#000000;"> presentation in the consolidated financial statements. In our consolidated statements of cash flows, the cash flows from discontinued operations are not separately classified</font><font style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;">.</font></div></div>
CY2017 us-gaap Revenue Recognition Incentives
RevenueRecognitionIncentives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;">Customer Promotion Costs.</font><font style="font-family:Arial;font-size:10pt;color:#000000;">&#160;&#160;&#160;&#160;We record estimated reductions to revenue for customer programs and incentive offerings, including special pricing and certain co-operative advertising arrangements, promotions and other volume-based incentives. In-store displays that are owned by us and used to market our products are included in other assets in the consolidated balance sheets and are amortized using the straight-line method over the expected useful life of </font><font style="font-family:Arial;font-size:10pt;color:#000000;">three</font><font style="font-family:Arial;font-size:10pt;color:#000000;"> to </font><font style="font-family:Arial;font-size:10pt;color:#000000;">five</font><font style="font-family:Arial;font-size:10pt;color:#000000;"> years; related amortization expense is classified as a selling expense in the consolidated statement of operations.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;">Use of Estimates and Assumptions in the Preparation of Financial Statements.</font><font style="font-family:Arial;font-size:10pt;color:#000000;">&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of any contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates and assumptions.</font></div></div>

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