2014 Q1 Form 10-K Financial Statement

#000162828015004098 Filed on May 12, 2015

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $37.83B $34.34B $32.99B
YoY Change 23.97% 10.41% 10.86%
Cost Of Revenue $35.28B $32.49B $30.96B
YoY Change 23.55% 10.29% 10.3%
Gross Profit $2.551B $1.850B $2.021B
YoY Change 30.22% 12.46% 20.08%
Gross Profit Margin 6.74% 5.39% 6.13%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $229.0M $143.0M $178.0M
YoY Change 55.78% 9.16% 40.16%
% of Gross Profit 8.98% 7.73% 8.81%
Operating Expenses $1.946B $1.357B $1.335B
YoY Change 49.46% 18.31% 23.96%
Operating Profit $605.0M $493.0M $686.0M
YoY Change -7.91% -1.0% 13.2%
Interest Expense -$113.0M -$69.00M -$59.00M
YoY Change 61.43% 16.95% 7.27%
% of Operating Profit -18.68% -14.0% -8.6%
Other Income/Expense, Net $23.00M -$6.000M $9.000M
YoY Change 283.33% -160.0% -10.0%
Pretax Income $515.0M $418.0M $636.0M
YoY Change 32.05% -6.9% 13.37%
Income Tax $116.0M $254.0M $213.0M
% Of Pretax Income 22.52% 60.77% 33.49%
Net Earnings $370.0M $65.00M $404.0M
YoY Change 42.86% -78.19% 0.75%
Net Earnings / Revenue 0.98% 0.19% 1.22%
Basic Earnings Per Share $1.61 $0.28 $1.76
Diluted Earnings Per Share $1.58 $0.28 $1.74
COMMON SHARES
Basic Shares Outstanding 230.0M shares 229.0M shares
Diluted Shares Outstanding 234.0M shares 233.0M shares

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.193B $2.431B $2.960B
YoY Change 70.72% -10.82% 4.56%
Cash & Equivalents $4.193B $2.431B $2.960B
Short-Term Investments
Other Short-Term Assets $1.877B $591.0M $780.0M
YoY Change 364.6% 63.71% 112.53%
Inventory $12.99B $11.46B $10.48B
Prepaid Expenses
Receivables $13.78B $10.75B $10.32B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $32.84B $25.23B $24.55B
YoY Change 41.72% 7.66% 6.3%
LONG-TERM ASSETS
Property, Plant & Equipment $2.196B $1.359B $1.348B
YoY Change 66.24% 8.98% 10.22%
Goodwill $9.927B $6.300B $6.323B
YoY Change 54.99% 18.64% 23.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.929B $1.520B $1.581B
YoY Change 19.07% -7.2% -13.46%
Total Long-Term Assets $18.92B $11.25B $11.40B
YoY Change 62.9% 12.52% 15.44%
TOTAL ASSETS
Total Short-Term Assets $32.84B $25.23B $24.55B
Total Long-Term Assets $18.92B $11.25B $11.40B
Total Assets $51.76B $36.48B $35.95B
YoY Change 48.79% 9.11% 9.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.13B $16.64B $16.44B
YoY Change 31.16% 10.57% 6.03%
Accrued Expenses $3.998B $2.108B $2.006B
YoY Change 109.1% 23.64% 33.47%
Deferred Revenue
YoY Change
Short-Term Debt $248.0M $0.00 $0.00
YoY Change
Long-Term Debt Due $1.424B $353.0M $353.0M
YoY Change 304.55% -30.24% -30.51%
Total Short-Term Liabilities $29.62B $21.90B $21.38B
YoY Change 38.67% 8.39% 3.03%
LONG-TERM LIABILITIES
Long-Term Debt $8.949B $4.521B $4.521B
YoY Change 97.94% 13.79% 47.12%
Other Long-Term Liabilities $2.897B $2.027B $2.058B
YoY Change 57.62% 26.45% 43.92%
Total Long-Term Liabilities $11.85B $2.027B $2.058B
YoY Change 544.5% 26.45% 43.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.62B $21.90B $21.38B
Total Long-Term Liabilities $11.85B $2.027B $2.058B
Total Liabilities $41.46B $23.93B $23.44B
YoY Change 78.75% 9.72% 5.67%
SHAREHOLDERS EQUITY
Retained Earnings $11.45B $11.14B $11.13B
YoY Change 10.1% 7.26% 9.82%
Common Stock $4.000M $4.000M $4.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.507B $9.505B $9.505B
YoY Change 1.54% 8.1% 12.71%
Treasury Stock Shares 150.0M shares 150.0M shares 150.0M shares
Shareholders Equity $8.522B $8.027B $7.989B
YoY Change
Total Liabilities & Shareholders Equity $51.76B $36.48B $35.95B
YoY Change 48.79% 9.11% 9.04%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $370.0M $65.00M $404.0M
YoY Change 42.86% -78.19% 0.75%
Depreciation, Depletion And Amortization $229.0M $143.0M $178.0M
YoY Change 55.78% 9.16% 40.16%
Cash From Operating Activities $2.664B -$341.0M $97.00M
YoY Change 20.71% 86.34% -90.41%
INVESTING ACTIVITIES
Capital Expenditures -$119.0M -$97.00M -$99.00M
YoY Change -7.75% -1.02% 23.75%
Acquisitions
YoY Change
Other Investing Activities -$4.505B -$51.00M $9.000M
YoY Change 247.61% -84.78% -107.44%
Cash From Investing Activities -$4.624B -$148.0M -$90.00M
YoY Change 224.49% -65.82% -55.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.692B -36.00M 36.00M
YoY Change -455.68% -106.99% -550.0%
NET CHANGE
Cash From Operating Activities 2.664B -341.0M 97.00M
Cash From Investing Activities -4.624B -148.0M -90.00M
Cash From Financing Activities 3.692B -36.00M 36.00M
Net Change In Cash 1.732B -525.0M 43.00M
YoY Change -776.56% 419.8% -94.64%
FREE CASH FLOW
Cash From Operating Activities $2.664B -$341.0M $97.00M
Capital Expenditures -$119.0M -$97.00M -$99.00M
Free Cash Flow $2.783B -$244.0M $196.0M
YoY Change 19.14% 187.06% -82.03%

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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
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CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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1000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2014Q1 us-gaap Other Liabilities Noncurrent
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CY2015Q1 us-gaap Other Liabilities Noncurrent
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CY2014 us-gaap Other Noncash Income Expense
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CY2015 us-gaap Other Noncash Income Expense
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CY2013 us-gaap Other Nonoperating Income Expense
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CY2014 us-gaap Other Nonoperating Income Expense
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CY2015 us-gaap Other Nonoperating Income Expense
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CY2014Q1 us-gaap Other Receivables Gross Current
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CY2015Q1 us-gaap Other Receivables Gross Current
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CY2013 us-gaap Payments For Legal Settlements
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CY2014 us-gaap Payments For Legal Settlements
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105000000 USD
CY2015 us-gaap Payments For Legal Settlements
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CY2015 us-gaap Payments For Proceeds From Other Investing Activities
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CY2013 us-gaap Payments For Repurchase Of Common Stock
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130000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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450000000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
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227000000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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170000000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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241000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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278000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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376000000 USD
CY2013 us-gaap Payments To Acquire Software
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159000000 USD
CY2014 us-gaap Payments To Acquire Software
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141000000 USD
CY2015 us-gaap Payments To Acquire Software
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169000000 USD
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0.67
CY2015Q1 us-gaap Percentage Of Lifo Inventory
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0.73
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2014Q1 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2015Q1 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
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0 shares
CY2015Q1 us-gaap Preferred Stock Shares Issued
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CY2014Q1 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015Q1 us-gaap Preferred Stock Shares Outstanding
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CY2014Q1 us-gaap Preferred Stock Value
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CY2015Q1 us-gaap Preferred Stock Value
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CY2014 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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97000000 USD
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15000000 USD
CY2013 us-gaap Proceeds From Issuance Of Commercial Paper
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CY2014 us-gaap Proceeds From Issuance Of Commercial Paper
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0 USD
CY2015 us-gaap Proceeds From Issuance Of Commercial Paper
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CY2012Q4 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2013 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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177000000 USD
CY2015 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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152000000 USD
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CY2014 us-gaap Proceeds From Payments For Other Financing Activities
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CY2013 us-gaap Proceeds From Short Term Debt
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CY2015 us-gaap Proceeds From Short Term Debt
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CY2013Q4 us-gaap Profit Loss
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CY2014Q1 us-gaap Profit Loss
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CY2014 us-gaap Profit Loss
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CY2014Q3 us-gaap Profit Loss
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CY2014Q4 us-gaap Profit Loss
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CY2015Q1 us-gaap Profit Loss
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CY2015 us-gaap Profit Loss
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CY2015Q1 us-gaap Property Plant And Equipment Other
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CY2013 us-gaap Repayments Of Long Term Debt
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CY2014 us-gaap Repayments Of Long Term Debt
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CY2015 us-gaap Repayments Of Short Term Debt
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CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2013 us-gaap Royalty Expense
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CY2014 us-gaap Royalty Expense
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CY2013 us-gaap Sales Returns Goods
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CY2014 us-gaap Sales Returns Goods
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CY2014 us-gaap Sales Revenue Net
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CY2014Q3 us-gaap Sales Revenue Net
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CY2014Q4 us-gaap Sales Revenue Net
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CY2015 us-gaap Sales Revenue Net
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4110000000 USD
CY2014 us-gaap Selling General And Administrative Expense
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CY2015 us-gaap Selling General And Administrative Expense
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CY2013 us-gaap Share Based Compensation
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CY2014 us-gaap Share Based Compensation
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160000000 USD
CY2015 us-gaap Share Based Compensation
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.009
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.007
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.006
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.27
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.22
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.22
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.008
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.007
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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2000000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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69.27
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1000000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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473000000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
539000000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6000000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5000000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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78.07
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
95.01
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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363000000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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538000000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
5000000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
95.01
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
67.64
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
184.84
CY2015Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2000000 shares
CY2015Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
5000000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y
CY2014Q1 us-gaap Short Term Borrowings
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248000000 USD
CY2015Q1 us-gaap Short Term Borrowings
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135000000 USD
CY2015Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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137000000 USD
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2000000 shares
CY2013 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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111000000 USD
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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47000000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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43000000 USD
CY2012Q2 us-gaap Stock Repurchase Program Authorized Amount1
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700000000 USD
CY2013Q1 us-gaap Stock Repurchase Program Authorized Amount1
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500000000 USD
CY2015Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2012Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
299000000 USD
CY2013Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
340000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
340000000 USD
CY2015Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
0 USD
CY2014 us-gaap Stockholders Equity Other
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CY2013 us-gaap Treasury Stock Value Acquired Par Value Method
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217000000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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179000000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
8522000000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
8001000000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6831000000 USD
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7070000000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10318000000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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8085000000 USD
CY2013 us-gaap Stockholders Equity Other
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-10000000 USD
CY2015 us-gaap Stockholders Equity Other
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15000000 USD
CY2013 us-gaap Treasury Stock Acquired Average Cost Per Share
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100.82
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.00
CY2015 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
226.55
CY2013 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
195000000 USD
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
150000000 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
152000000 shares
CY2013 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
13000000 shares
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1500000 shares
CY2013 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
2000000 shares
CY2014Q1 us-gaap Treasury Stock Value
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9507000000 USD
CY2015Q1 us-gaap Treasury Stock Value
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9956000000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1159000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
340000000 USD
CY2015Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
4916000000 USD
CY2012Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
595000000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
560000000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
647000000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
616000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
2000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
8000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
25000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
106000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
23000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
18000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
4000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
65000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
31000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
23000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
27000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
46000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
106000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
62000000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
122000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
7000000 USD
CY2014Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
75000000 USD
CY2015Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
51000000 USD
CY2014Q1 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
1200000000 USD
CY2015Q1 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
1200000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
233000000 shares
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
12000000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
457000000 USD
CY2012Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
125000000 USD
CY2013Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
136000000 USD
CY2014Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
134000000 USD
CY2015Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
174000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
32000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
36000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
75000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
17000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
-1000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
38000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
37000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
35000000 USD
CY2014Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
160000000 USD
CY2015Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
144000000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
235000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
235000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
232000000 shares
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentrations of Credit Risk and Receivables: </font><font style="font-family:inherit;font-size:10pt;">Our trade receivables are subject to a concentration of credit risk with customers primarily in our Distribution Solutions segment. During </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, sales to our ten largest customers accounted for approximately </font><font style="font-family:inherit;font-size:10pt;">44%</font><font style="font-family:inherit;font-size:10pt;"> of our total consolidated revenues. Sales to our largest customer, </font><font style="font-family:inherit;font-size:10pt;">CVS Caremark Corporation (&#8220;CVS&#8221;)</font><font style="font-family:inherit;font-size:10pt;">, accounted for approximately </font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;"> of our total consolidated revenues. At March&#160;31, </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, trade accounts receivable from our ten largest customers were approximately </font><font style="font-family:inherit;font-size:10pt;">36%</font><font style="font-family:inherit;font-size:10pt;"> of total trade accounts receivable. Accounts receivable from </font><font style="font-family:inherit;font-size:10pt;">CVS</font><font style="font-family:inherit;font-size:10pt;"> were approximately </font><font style="font-family:inherit;font-size:10pt;">14%</font><font style="font-family:inherit;font-size:10pt;"> of total trade accounts receivable. As a result, our sales and credit concentration is significant. We also have agreements with group purchasing organizations (&#8220;GPOs&#8221;), each of which functions as a purchasing agent on behalf of member hospitals, pharmacies and other healthcare providers. The accounts receivables balances are with individual members of the GPOs. A default in payment, a material reduction in purchases from these or any other large customers, or the loss of a large customer or customer groups could have a material adverse impact on our financial condition, results of operations and liquidity. In addition, trade receivables are subject to a concentration of credit risk with customers in the institutional, retail and healthcare provider sectors, which can be affected by a downturn in the economy and changes in reimbursement policies. This credit risk is mitigated by the size and diversity of the customer base as well as its geographic dispersion. We estimate the receivables for which we do not expect full collection based on historical collection rates and ongoing evaluations of the creditworthiness of our customers. An allowance is recorded in our consolidated financial statements for these amounts.</font></div></div>
CY2015 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fiscal Period: </font><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year begins on April 1 and ends on March 31. Unless otherwise noted, all references to a particular year shall mean the Company&#8217;s fiscal year.</font></div></div>
CY2015 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Nature of Operations</font><font style="font-family:inherit;font-size:10pt;">: McKesson Corporation (&#8220;McKesson,&#8221; the &#8220;Company,&#8221; the &#8220;Registrant&#8221; or &#8220;we&#8221; and other similar pronouns) delivers pharmaceuticals, medical supplies and healthcare information technology that make healthcare safer while reducing costs. We conduct our business through two operating segments, McKesson Distribution Solutions and McKesson Technology Solutions, as further described in Financial Note 26, &#8220;Segments of Business.&#8221;</font></div></div>
CY2015 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:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;">: Certain prior year amounts have been reclassified to conform to the current year presentation.</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:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">: The preparation of financial statements in conformity with U.S. GAAP requires that we make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual amounts could differ from those estimated amounts.</font></div></div>

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