2017 Q1 Form 10-K Financial Statement

#000076418017000028 Filed on February 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2015 Q3
Revenue $6.083B $6.318B $6.699B
YoY Change 0.28% 0.96% 3.2%
Cost Of Revenue $1.813B $3.596B $1.932B
YoY Change -3.26% -0.96% -7.07%
Gross Profit $2.776B $2.722B $3.046B
YoY Change 4.52% 3.62% 13.91%
Gross Profit Margin 45.64% 43.08% 45.47%
Selling, General & Admin $532.0M $757.0M $698.0M
YoY Change -4.83% 5.43% 5.28%
% of Gross Profit 19.16% 27.81% 22.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.00M $75.00M $50.00M
YoY Change 6.12% 27.12% 2.04%
% of Gross Profit 1.87% 2.76% 1.64%
Operating Expenses $532.0M $757.0M $698.0M
YoY Change -4.83% 5.43% 5.28%
Operating Profit $2.239B $1.965B $2.307B
YoY Change 13.25% 2.93% 15.41%
Interest Expense -$149.0M $3.000M -$18.00M
YoY Change 58.51% -92.68% -115.65%
% of Operating Profit -6.65% 0.15% -0.78%
Other Income/Expense, Net $8.000M $5.000M $0.00
YoY Change
Pretax Income $2.091B $1.973B $2.289B
YoY Change 11.05% 3.35% 8.28%
Income Tax $689.0M $725.0M $761.0M
% Of Pretax Income 32.95% 36.75% 33.25%
Net Earnings $1.401B $1.247B $1.528B
YoY Change 15.12% 0.89% 9.38%
Net Earnings / Revenue 23.03% 19.74% 22.81%
Basic Earnings Per Share
Diluted Earnings Per Share $722.5K $636.9K $780.4K
COMMON SHARES
Basic Shares Outstanding 1.939B shares 1.961B shares 1.961B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.228B $2.369B $1.907B
YoY Change 37.04% -28.67% -14.9%
Cash & Equivalents $5.228B $2.369B $1.907B
Short-Term Investments
Other Short-Term Assets $141.0M $387.0M $370.0M
YoY Change -52.36% 54.8% 12.12%
Inventory $2.122B $2.031B $1.954B
Prepaid Expenses
Receivables $135.0M $124.0M $137.0M
Other Receivables $0.00 $0.00 $1.143B
Total Short-Term Assets $7.626B $4.911B $5.511B
YoY Change 1.71% -28.6% -2.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.923B $1.982B $2.016B
YoY Change -1.64% -0.05% 0.9%
Goodwill $5.307B $5.285B $5.285B
YoY Change 0.42% 0.0% 0.0%
Intangibles $12.20B $12.03B $12.03B
YoY Change 1.48% -0.17% -0.17%
Long-Term Investments $17.58B $5.483B $5.442B
YoY Change 206.09% -11.32% -18.04%
Other Assets $520.0M $531.0M $417.0M
YoY Change 31.98% 9.94% -37.76%
Total Long-Term Assets $38.55B $26.55B $26.49B
YoY Change 45.11% -3.8% -6.8%
TOTAL ASSETS
Total Short-Term Assets $7.626B $4.911B $5.511B
Total Long-Term Assets $38.55B $26.55B $26.49B
Total Assets $46.18B $31.46B $32.00B
YoY Change 35.56% -8.75% -6.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $235.0M $400.0M $307.0M
YoY Change 12.98% -3.85% -7.53%
Accrued Expenses $6.465B $5.556B $5.147B
YoY Change -3.58% 6.25% 9.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $3.000M
YoY Change -99.6% -99.77%
Total Short-Term Liabilities $8.300B $7.070B $6.567B
YoY Change -3.67% -7.86% -10.86%
LONG-TERM LIABILITIES
Long-Term Debt $13.88B $12.84B $12.92B
YoY Change 8.08% -6.21% 1.77%
Other Long-Term Liabilities $431.0M $447.0M $420.0M
YoY Change 3.36% -11.13% -16.33%
Total Long-Term Liabilities $14.32B $13.29B $13.34B
YoY Change 7.93% -6.38% 1.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.300B $7.070B $6.567B
Total Long-Term Liabilities $14.32B $13.29B $13.34B
Total Liabilities $33.87B $28.55B $29.08B
YoY Change 8.3% -9.17% -2.26%
SHAREHOLDERS EQUITY
Retained Earnings $37.12B $27.26B $27.12B
YoY Change 35.65% 3.73% 4.04%
Common Stock $6.844B $6.748B $6.735B
YoY Change 1.35% 1.17% 1.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $29.50B $27.85B $27.81B
YoY Change 5.16% 2.18% 3.09%
Treasury Stock Shares 870.8M shares 845.9M shares 845.3M shares
Shareholders Equity $12.26B $2.880B $2.887B
YoY Change
Total Liabilities & Shareholders Equity $46.18B $31.46B $32.00B
YoY Change 35.56% -8.75% -6.11%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $1.401B $1.247B $1.528B
YoY Change 15.12% 0.89% 9.38%
Depreciation, Depletion And Amortization $52.00M $75.00M $50.00M
YoY Change 6.12% 27.12% 2.04%
Cash From Operating Activities $2.675B $1.720B $2.843B
YoY Change -1.58% 7.3% 23.55%
INVESTING ACTIVITIES
Capital Expenditures $33.00M -$67.00M -$63.00M
YoY Change 26.92% 42.55% 12.5%
Acquisitions
YoY Change
Other Investing Activities $199.0M -$43.00M $71.00M
YoY Change -5075.0% -126.22% 407.14%
Cash From Investing Activities -$230.0M -$110.0M $8.000M
YoY Change -776.47% -194.02% -119.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $551.0M
YoY Change 227.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.776B -1.148B -2.067B
YoY Change 35.99% 79.38% 70.69%
NET CHANGE
Cash From Operating Activities $2.675B 1.720B 2.843B
Cash From Investing Activities -$230.0M -110.0M 8.000M
Cash From Financing Activities -$1.776B -1.148B -2.067B
Net Change In Cash $669.0M 462.0M 784.0M
YoY Change -53.73% -57.22% -25.19%
FREE CASH FLOW
Cash From Operating Activities $2.675B $1.720B $2.843B
Capital Expenditures $33.00M -$67.00M -$63.00M
Free Cash Flow $2.642B $1.787B $2.906B
YoY Change -1.86% 8.3% 23.29%

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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
65000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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447000000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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427000000 USD
CY2015Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
2245000000 USD
CY2016Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
2217000000 USD
CY2014 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0 USD
CY2015 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
132000000 USD
CY2016 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
3000000 USD
CY2014 us-gaap Payments For Proceeds From Investments
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-369000000 USD
CY2015 us-gaap Payments For Proceeds From Investments
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-354000000 USD
CY2016 us-gaap Payments For Proceeds From Investments
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-231000000 USD
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CY2015 us-gaap Payments For Proceeds From Other Investing Activities
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8000000 USD
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36000000 USD
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939000000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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554000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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1030000000 USD
CY2016 us-gaap Payments For Restructuring
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73000000 USD
CY2014 us-gaap Payments Of Capital Distribution
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0 USD
CY2015 us-gaap Payments Of Capital Distribution
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0 USD
CY2016 us-gaap Payments Of Capital Distribution
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CY2014 us-gaap Payments Of Debt Extinguishment Costs
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44000000 USD
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226000000 USD
CY2016 us-gaap Payments Of Debt Extinguishment Costs
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809000000 USD
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3892000000 USD
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4179000000 USD
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102000000 USD
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CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2014 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2015 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1578000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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163000000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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229000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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189000000 USD
CY2014 us-gaap Pension Contributions
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15000000 USD
CY2015 us-gaap Pension Contributions
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28000000 USD
CY2016 us-gaap Pension Contributions
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531000000 USD
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0.65
CY2016Q4 us-gaap Percentage Of Lifo Inventory
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0.62
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500000000 USD
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0 USD
CY2015 us-gaap Proceeds From Derivative Instrument Investing Activities
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0 USD
CY2016 us-gaap Proceeds From Derivative Instrument Investing Activities
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510000000 USD
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999000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
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1976000000 USD
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7000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
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5000000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
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CY2015 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2016 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2014 us-gaap Proceeds From Sale Of Equity Method Investments
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CY2015 us-gaap Proceeds From Sale Of Equity Method Investments
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0 USD
CY2016 us-gaap Proceeds From Sale Of Equity Method Investments
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4773000000 USD
CY2014 us-gaap Profit Loss
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CY2015Q3 us-gaap Profit Loss
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CY2015Q4 us-gaap Profit Loss
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CY2015 us-gaap Profit Loss
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CY2016Q1 us-gaap Profit Loss
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CY2016Q2 us-gaap Profit Loss
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CY2016Q3 us-gaap Profit Loss
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CY2016 us-gaap Profit Loss
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CY2015Q4 us-gaap Property Plant And Equipment Gross
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CY2016Q4 us-gaap Property Plant And Equipment Gross
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4835000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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1982000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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1958000000 USD
CY2015Q4 us-gaap Receivables Net Current
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124000000 USD
CY2016Q4 us-gaap Receivables Net Current
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151000000 USD
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-213000000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-293000000 USD
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-1338000000 USD
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-132000000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-181000000 USD
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-867000000 USD
CY2014 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-81000000 USD
CY2015 us-gaap Reclassification From Aoci Current Period Tax
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-112000000 USD
CY2016 us-gaap Reclassification From Aoci Current Period Tax
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-471000000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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37000000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
38000000 USD
CY2014 us-gaap Repayments Of Long Term Debt
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825000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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1793000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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933000000 USD
CY2014 us-gaap Research And Development Expense
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167000000 USD
CY2015 us-gaap Research And Development Expense
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186000000 USD
CY2016 us-gaap Research And Development Expense
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203000000 USD
CY2016 us-gaap Restructuring And Related Cost Incurred Cost
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152000000 USD
CY2016 us-gaap Restructuring Charges
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203000000 USD
CY2014 us-gaap Restructuring Costs
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-9000000 USD
CY2015 us-gaap Restructuring Costs
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1000000 USD
CY2016 us-gaap Restructuring Costs
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106000000 USD
CY2016Q4 us-gaap Restructuring Reserve
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79000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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27257000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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36906000000 USD
CY2014 us-gaap Sales Revenue Net
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24522000000 USD
CY2015Q1 us-gaap Sales Revenue Net
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5804000000 USD
CY2015Q2 us-gaap Sales Revenue Net
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6613000000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
25434000000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
6066000000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
6521000000 USD
CY2016Q3 us-gaap Sales Revenue Net
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6905000000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
6252000000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
25744000000 USD
CY2015Q4 us-gaap Short Term Borrowings
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0 USD
CY2016Q4 us-gaap Short Term Borrowings
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0 USD
CY2015Q4 us-gaap Stockholders Equity
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2880000000 USD
CY2016Q4 us-gaap Stockholders Equity
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12770000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4118000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3010000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2873000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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12773000000 USD
CY2016 us-gaap Stockholders Equity Other
StockholdersEquityOther
0 USD
CY2014 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-14000000 USD
CY2015Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
24000000 USD
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
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41.79
CY2015 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
51.83
CY2016 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
63.48
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
812482035 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
834486794 shares
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
845901836 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
862689093 shares
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
22500000 shares
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
22452599 shares
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
10682419 shares
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
10700000 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16221001 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16200000 shares
CY2015Q4 us-gaap Treasury Stock Value
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27845000000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
28912000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
939000000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
554000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1030000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
227000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
258000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
158000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
169000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
86000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
28000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
11000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
82000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
14000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
23000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
14000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-36000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
9000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
15000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
15000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
15000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
29000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
57000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
29000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
76000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
67000000 USD
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1978000000 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1961000000 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1952000000 shares
CY2016 mo Scheduleof Rents Receivablein Excessof Debt Service Requirements
ScheduleofRentsReceivableinExcessofDebtServiceRequirements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rents receivable in excess of debt service requirements on third-party nonrecourse debt at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.81167608286252%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:75%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(in millions)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2018</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">129</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">186</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">229</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">805</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2016 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:0px;padding-top:6px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantees:</font><font style="font-family:inherit;font-size:10pt;"> Altria Group, Inc. recognizes a liability for the fair value of the obligation of qualifying guarantee activities. </font></div></div>

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