2017 Q4 Form 10-K Financial Statement

#000006375419000017 Filed on January 25, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $1.491B $1.185B $1.114B
YoY Change 21.51% 8.63% 4.8%
Cost Of Revenue $822.7M $700.8M $669.7M
YoY Change 19.75% 10.0% 6.22%
Gross Profit $668.2M $484.4M $444.6M
YoY Change 23.74% 6.72% 2.73%
Gross Profit Margin 44.82% 40.87% 39.9%
Selling, General & Admin $375.7M $286.5M $307.3M
YoY Change 19.99% 1.67% 1.12%
% of Gross Profit 56.23% 59.15% 69.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.60M $31.50M $29.80M
YoY Change 34.85% 7.51% 12.03%
% of Gross Profit 5.33% 6.5% 6.7%
Operating Expenses $375.7M $286.5M $307.3M
YoY Change 19.99% 1.67% 1.12%
Operating Profit $266.9M $168.7M $132.6M
YoY Change 21.82% 0.54% 6.08%
Interest Expense -$45.30M $21.50M $14.90M
YoY Change 216.78% 52.48% 8.76%
% of Operating Profit -16.97% 12.74% 11.24%
Other Income/Expense, Net $1.500M $1.200M $1.200M
YoY Change -31.82% 500.0% 71.43%
Pretax Income $223.1M $133.0M $118.9M
YoY Change 7.78% -13.58% 6.16%
Income Tax $57.70M $33.00M $27.30M
% Of Pretax Income 25.86% 24.81% 22.96%
Net Earnings $175.7M $108.2M $100.0M
YoY Change 11.63% -15.27% 6.61%
Net Earnings / Revenue 11.78% 9.13% 8.97%
Basic Earnings Per Share $1.34 $0.86 $0.80
Diluted Earnings Per Share $1.32 $0.85 $0.79
COMMON SHARES
Basic Shares Outstanding 126.3M shares 124.7M shares
Diluted Shares Outstanding 127.8M shares 126.4M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $187.0M $166.0M $130.0M
YoY Change 58.47% 23.88% -1.52%
Cash & Equivalents $186.8M $166.1M $130.0M
Short-Term Investments
Other Short-Term Assets $49.40M $85.00M $86.00M
YoY Change -15.27% 4.94% 4.88%
Inventory $793.3M $836.0M $780.0M
Prepaid Expenses $32.40M
Receivables $555.1M $556.2M $429.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.617B $1.643B $1.426B
YoY Change 13.73% 15.66% 5.46%
LONG-TERM ASSETS
Property, Plant & Equipment $809.1M $765.4M $703.8M
YoY Change 20.87% 19.39% 10.47%
Goodwill $4.490B $4.503B $1.895B
YoY Change 153.48% 148.35% 3.14%
Intangibles $3.071B $3.092B $489.0M
YoY Change 622.78% 612.98% 19.21%
Long-Term Investments
YoY Change
Other Assets $399.0M $379.0M $359.0M
YoY Change 393.2% 2.43% -3.23%
Total Long-Term Assets $8.769B $8.739B $3.446B
YoY Change 172.82% 168.23% 5.86%
TOTAL ASSETS
Total Short-Term Assets $1.617B $1.643B $1.426B
Total Long-Term Assets $8.769B $8.739B $3.446B
Total Assets $10.39B $10.38B $4.872B
YoY Change 124.03% 121.91% 5.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $640.0M $517.0M $453.0M
YoY Change 41.91% 43.21% 23.77%
Accrued Expenses $717.0M $534.0M $435.0M
YoY Change 25.35% 28.06% 12.11%
Deferred Revenue
YoY Change
Short-Term Debt $257.6M $349.2M $656.2M
YoY Change -34.0% -37.56% 27.89%
Long-Term Debt Due $325.6M $325.5M $250.6M
YoY Change 11127.59% 54150.0% 41666.67%
Total Short-Term Liabilities $1.947B $1.734B $1.801B
YoY Change 36.87% 29.38% 41.9%
LONG-TERM LIABILITIES
Long-Term Debt $4.444B $4.702B $804.3M
YoY Change 321.62% 345.0% -23.69%
Other Long-Term Liabilities $329.2M $305.6M $330.6M
YoY Change -25.39% -20.4% -35.25%
Total Long-Term Liabilities $4.773B $5.008B $1.135B
YoY Change 219.23% 247.63% -27.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.947B $1.734B $1.801B
Total Long-Term Liabilities $4.773B $5.008B $1.135B
Total Liabilities $7.815B $7.848B $3.063B
YoY Change 160.69% 170.29% 8.07%
SHAREHOLDERS EQUITY
Retained Earnings $1.167B $1.124B $1.074B
YoY Change 10.38% 4.58% 0.41%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.560B $2.522B $1.798B
YoY Change
Total Liabilities & Shareholders Equity $10.39B $10.38B $4.872B
YoY Change 124.03% 121.91% 5.74%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $175.7M $108.2M $100.0M
YoY Change 11.63% -15.27% 6.61%
Depreciation, Depletion And Amortization $35.60M $31.50M $29.80M
YoY Change 34.85% 7.51% 12.03%
Cash From Operating Activities $512.3M $125.8M $132.9M
YoY Change 52.61% 14.68% -1.41%
INVESTING ACTIVITIES
Capital Expenditures -$74.00M -$42.20M -$36.60M
YoY Change 12.29% 27.49% 12.96%
Acquisitions
YoY Change
Other Investing Activities $800.0K -$4.203B -$500.0K
YoY Change 33.33% -155770.37% -99.57%
Cash From Investing Activities -$73.20M -$4.245B -$37.10M
YoY Change 12.1% 13864.8% -75.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -410.7M 4.142B -85.60M
YoY Change 47.05% -5550.13% -392.15%
NET CHANGE
Cash From Operating Activities 512.3M 125.8M 132.9M
Cash From Investing Activities -73.20M -4.245B -37.10M
Cash From Financing Activities -410.7M 4.142B -85.60M
Net Change In Cash 28.40M 22.60M 10.20M
YoY Change -419.1% 584.85% -31.54%
FREE CASH FLOW
Cash From Operating Activities $512.3M $125.8M $132.9M
Capital Expenditures -$74.00M -$42.20M -$36.60M
Free Cash Flow $586.3M $168.0M $169.5M
YoY Change 45.99% 17.65% 1.38%

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6400000 USD
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20600000 USD
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500000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1100000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2018 us-gaap Business Combination Acquisition Related Costs
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22500000 USD
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7800000 USD
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5600000 USD
CY2018Q4 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
400000 USD
CY2018 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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22500000 USD
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17100000 USD
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14500000 USD
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14000000 USD
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21800000 USD
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12800000 USD
CY2018Q4 us-gaap Capitalized Computer Software Net
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13200000 USD
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186800000 USD
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96600000 USD
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5800000 USD
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68400000 USD
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CY2018Q4 us-gaap Commercial Paper
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3200000 shares
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1.72
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0.47
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0.47
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0.47
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1.88
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0.52
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0.52
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0.52
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0.52
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2.08
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1.76
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0.00
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0.47
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0.47
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0.99
CY2017 us-gaap Common Stock Dividends Per Share Declared
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1.93
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0.00
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0.52
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0.52
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1.09
CY2018 us-gaap Common Stock Dividends Per Share Declared
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2.13
CY2016 us-gaap Comprehensive Income Net Of Tax
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CY2017 us-gaap Comprehensive Income Net Of Tax
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713500000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
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874600000 USD
CY2017Q4 us-gaap Construction In Progress Gross
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99900000 USD
CY2018Q4 us-gaap Construction In Progress Gross
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114300000 USD
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0 USD
CY2017 us-gaap Conversion Of Stock Amount Issued1
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0 USD
CY2018 us-gaap Conversion Of Stock Amount Issued1
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0 USD
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2579800000 USD
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2823900000 USD
CY2018 us-gaap Cost Of Goods And Services Sold
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3037300000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
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127700000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
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67100000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
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92900000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
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50200000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
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53900000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
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78700000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
193000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
127200000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
182600000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
15100000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6200000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
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11000000 USD
CY2017Q4 us-gaap Debt Instrument Unamortized Discount
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36400000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
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35400000 USD
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23800000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-340300000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-8000000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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-600000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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-1100000 USD
CY2017Q4 us-gaap Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedge
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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24100000 USD
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CY2018Q4 us-gaap Deferred Income Tax Liabilities
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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900000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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1500000 USD
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28200000 USD
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12400000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
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8000000 USD
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253800000 USD
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199200000 USD
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195900000 USD
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18700000 USD
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44200000 USD
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50200000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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57200000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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146800000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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82700000 USD
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51700000 USD
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40000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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26000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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32900000 USD
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1050600000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities
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666700000 USD
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1246000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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782800000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
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6100000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Other
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5300000 USD
CY2017Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
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CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
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123100000 USD
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77700000 USD
CY2018 us-gaap Defined Benefit Plan Accumulated Benefit Obligation Increase Decrease For Settlement And Curtailment
DefinedBenefitPlanAccumulatedBenefitObligationIncreaseDecreaseForSettlementAndCurtailment
17500000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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153100000 USD
CY2017Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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76700000 USD
CY2018Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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18000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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160500000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
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7400000 USD
CY2018 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
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2400000 USD
CY2018Q4 us-gaap Defined Benefit Plan Expected Amortization Next Fiscal Year
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3900000 USD
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CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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0 USD
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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0 USD
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
0 USD
CY2017Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.080
CY2018Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.073
CY2017 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
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3200000 USD
CY2018 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant
400000 USD
CY2017Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.045
CY2018Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.045
CY2017 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
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2027
CY2018 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
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2028
CY2016 us-gaap Depreciation
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71200000 USD
CY2017 us-gaap Depreciation
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85200000 USD
CY2018 us-gaap Depreciation
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104800000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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108700000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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125200000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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150700000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
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12700000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
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4400000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
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7200000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
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12800000 USD
CY2016 us-gaap Dividends
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222000000 USD
CY2017 us-gaap Dividends
Dividends
247000000 USD
CY2018 us-gaap Dividends
Dividends
280500000 USD
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3.73
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0.75
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0.80
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0.86
CY2017Q4 us-gaap Earnings Per Share Basic
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1.34
CY2017 us-gaap Earnings Per Share Basic
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3.77
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3.22
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0.94
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1.32
CY2018Q4 us-gaap Earnings Per Share Basic
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1.62
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.10
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3.69
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0.74
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EarningsPerShareDiluted
0.79
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0.85
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EarningsPerShareDiluted
1.32
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.72
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.18
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0.93
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1.30
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.60
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.00
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-13700000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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5400000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1800000 USD
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.260
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0.254
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.212
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.222
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.407
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.022
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.018
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.008
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.067
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.048
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.004
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.016
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.029
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.007
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.155
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.014
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.015
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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P1Y7M
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741300000 USD
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380000000 USD
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32900000 USD
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300000 USD
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4100000 USD
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28500000 USD
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2800000 USD
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2200000 USD
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900000 USD
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200000 USD
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17000000 USD
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8100000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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4100000 USD
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16700000 USD
CY2017 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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9700000 USD
CY2018 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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12600000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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11200000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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5300000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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3100000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2017 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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30800000 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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17200000 USD
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329200000 USD
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313100000 USD
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4200000 USD
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0 USD
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1400000 USD
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400000 USD
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2500000 USD
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1700000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1100000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12300000 USD
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36800000 USD
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2400000 USD
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300000 USD
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10000000 USD
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272700000 USD
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61000000 USD
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ResearchAndDevelopmentExpense
66100000 USD
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ResearchAndDevelopmentExpense
69400000 USD
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1166500000 USD
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1760200000 USD
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CY2018 us-gaap Revenues
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1244800000 USD
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25600000 USD
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ShareBasedCompensation
23900000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
25600000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.017
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.020
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0.187
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.187
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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0.184
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CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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0.184
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.019
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.024
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.029
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.005
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.009
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.017
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther
-41000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther
-16000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther
-26000 shares
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25400000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
31400000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
108000000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
244400000 USD
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
69.04
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
74.02
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
86.40
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2800000 shares
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
3600000 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y7M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P7Y7M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P7Y7M
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202200000 USD
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76.54
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y7M
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
82.60
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y7M
CY2017Q4 us-gaap Short Term Borrowings
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257600000 USD
CY2018Q4 us-gaap Short Term Borrowings
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560000000 USD
CY2017Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.023
CY2018Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.029
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
250100000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
145100000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
84500000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1686900000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1638100000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2570900000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3182200000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
56500000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
58300000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
39100000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
27900000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
8400000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
6900000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
18100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1200000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
400000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10300000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7300000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6500000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
9100000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
27500000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
6900000 USD
CY2015Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
22600000 USD
CY2016Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
14700000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
32600000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
39300000 USD
CY2016 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
4200000 USD
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
17700000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
12200000 USD
CY2016 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2017 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
2100000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
-2800000 USD
CY2016 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
12100000 USD
CY2017 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
1900000 USD
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2700000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1400000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1600000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1700000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128400000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133200000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126600000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126800000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
131500000 shares
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#00539b;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Preparation of financial statements that follow accounting principles generally accepted in the U.S. requires us to make estimates and assumptions that affect the amounts reported in the financial statements and notes. Actual amounts could differ from these estimates.</font></div></div>

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