2013 Q4 Form 10-K Financial Statement

#000151029515000007 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $24.90B $26.26B $25.68B
YoY Change 20.36% 24.74% 26.84%
Cost Of Revenue $23.17B $25.12B $24.00B
YoY Change 22.88% 33.96% 31.23%
Gross Profit $1.755B $1.156B $1.701B
YoY Change -5.29% -50.28% -13.79%
Gross Profit Margin 7.05% 4.4% 6.62%
Selling, General & Admin $417.0M $305.0M $358.0M
YoY Change 9.74% 4.1% -1.92%
% of Gross Profit 23.76% 26.38% 21.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $332.0M $299.0M $302.0M
YoY Change 17.31% 21.54% 27.97%
% of Gross Profit 18.92% 25.87% 17.75%
Operating Expenses $749.0M $305.0M $358.0M
YoY Change 12.97% 4.1% -1.92%
Operating Profit $1.008B $301.0M $960.0M
YoY Change -15.22% -84.12% -26.55%
Interest Expense -$40.00M -$217.0M -$45.00M
YoY Change -11.11% 768.0% -195.74%
% of Operating Profit -3.97% -72.09% -4.69%
Other Income/Expense, Net -$47.00M -$45.00M
YoY Change 88.0% 542.86%
Pretax Income $969.0M $254.0M $915.0M
YoY Change -15.3% -86.42% -29.07%
Income Tax $338.0M $81.00M $316.0M
% Of Pretax Income 34.88% 31.89% 34.54%
Net Earnings $626.0M $168.0M $593.0M
YoY Change -17.09% -86.27% -27.15%
Net Earnings / Revenue 2.51% 0.64% 2.31%
Basic Earnings Per Share $2.09 $0.54 $1.84
Diluted Earnings Per Share $2.07 $0.54 $1.83
COMMON SHARES
Basic Shares Outstanding 301.0M shares 309.0M shares 322.0M shares
Diluted Shares Outstanding 311.0M shares 324.0M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.292B $2.018B $3.069B
YoY Change -52.84% -40.42% 61.95%
Cash & Equivalents $2.292B $2.018B $3.069B
Short-Term Investments
Other Short-Term Assets $197.0M $206.0M $190.0M
YoY Change 79.09% 48.2% 160.27%
Inventory $4.689B $5.714B $4.830B
Prepaid Expenses
Receivables $5.559B $5.593B $6.163B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $12.74B $13.53B $14.25B
YoY Change -2.24% 8.11% 33.12%
LONG-TERM ASSETS
Property, Plant & Equipment $13.92B $13.80B $13.80B
YoY Change 10.11% 10.08% 11.16%
Goodwill $938.0M $938.0M $938.0M
YoY Change 0.86% 0.86% 1.41%
Intangibles
YoY Change
Long-Term Investments $463.0M $417.0M $328.0M
YoY Change 44.24% 39.0% 8.61%
Other Assets $326.0M $322.0M $378.0M
YoY Change 8.67% 5.57% 13.17%
Total Long-Term Assets $15.65B $15.47B $15.44B
YoY Change 10.24% 9.99% 10.5%
TOTAL ASSETS
Total Short-Term Assets $12.74B $13.53B $14.25B
Total Long-Term Assets $15.65B $15.47B $15.44B
Total Assets $28.39B $29.00B $29.70B
YoY Change 4.27% 9.1% 20.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.234B $8.961B $8.601B
YoY Change 21.36% 28.92% 39.74%
Accrued Expenses $779.0M $618.0M $690.0M
YoY Change 13.06% 12.16% 17.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $23.00M $23.00M
YoY Change 21.05% 15.0% 21.05%
Total Short-Term Liabilities $9.824B $10.40B $10.24B
YoY Change 19.76% 25.19% 35.32%
LONG-TERM LIABILITIES
Long-Term Debt $3.373B $3.380B $3.387B
YoY Change 0.93% 1.53% 2.14%
Other Long-Term Liabilities $1.552B $1.730B $1.683B
YoY Change 1.9% 13.44% 2.12%
Total Long-Term Liabilities $4.925B $5.110B $5.070B
YoY Change 1.23% 5.27% 2.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.824B $10.40B $10.24B
Total Long-Term Liabilities $4.925B $5.110B $5.070B
Total Liabilities $17.05B $17.74B $17.50B
YoY Change 12.8% 17.35% 21.89%
SHAREHOLDERS EQUITY
Retained Earnings $5.507B $5.007B $4.969B
YoY Change 41.93% 54.49% 132.63%
Common Stock $9.772B $9.752B $9.741B
YoY Change 2.53% 1.93% 3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.155B $3.703B $2.672B
YoY Change 231.6% 334.62% 259.62%
Treasury Stock Shares 65.00M shares 59.00M shares 45.00M shares
Shareholders Equity $10.92B $10.85B $11.78B
YoY Change
Total Liabilities & Shareholders Equity $28.39B $29.00B $29.70B
YoY Change 4.27% 9.1% 20.32%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $626.0M $168.0M $593.0M
YoY Change -17.09% -86.27% -27.15%
Depreciation, Depletion And Amortization $332.0M $299.0M $302.0M
YoY Change 17.31% 21.54% 27.97%
Cash From Operating Activities $1.355B $407.0M -$436.0M
YoY Change -33.68% -77.8% -262.08%
INVESTING ACTIVITIES
Capital Expenditures -$473.0M -$309.0M -$229.0M
YoY Change 17.37% -6.65% -29.75%
Acquisitions
YoY Change
Other Investing Activities -$32.00M -$24.00M -$7.000M
YoY Change 100.0% -125.0% -95.65%
Cash From Investing Activities -$505.0M -$333.0M -$236.0M
YoY Change 20.53% 41.7% -51.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.028B $882.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -576.0M -1.125B -996.0M
YoY Change 281.46% 961.32% 982.61%
NET CHANGE
Cash From Operating Activities 1.355B 407.0M -436.0M
Cash From Investing Activities -505.0M -333.0M -236.0M
Cash From Financing Activities -576.0M -1.125B -996.0M
Net Change In Cash 274.0M -1.051B -1.668B
YoY Change -81.4% -170.44% 438.06%
FREE CASH FLOW
Cash From Operating Activities $1.355B $407.0M -$436.0M
Capital Expenditures -$473.0M -$309.0M -$229.0M
Free Cash Flow $1.828B $716.0M -$207.0M
YoY Change -25.27% -66.91% -134.79%

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CommonStockDividendsPerShareCashPaid
1.20
CY2013Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.35
CY2013Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.35
CY2013Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2013Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.54
CY2014Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2014Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2014Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.50
CY2014Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.50
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.84
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
362000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
363000000 shares
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
4000000 USD
CY2014Q4 us-gaap Common Stock Value
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CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3804000000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2372000000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2415000000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4000000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
21000000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
31000000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3808000000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2393000000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2446000000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
77145000000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
96829000000 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
94051000000 USD
CY2012 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
280000000 USD
CY2013 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
357000000 USD
CY2014 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
505000000 USD
CY2013Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
1797000000 USD
CY2014Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
2219000000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1185000000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
954000000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1382000000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-1000000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5000000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5000000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1353000000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1090000000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1522000000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
169000000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
131000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
135000000 USD
CY2013Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3395000000 USD
CY2014Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6657000000 USD
CY2013Q4 us-gaap Debt Current
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23000000 USD
CY2014Q4 us-gaap Debt Current
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27000000 USD
CY2013Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
10000000 USD
CY2014Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
26000000 USD
CY2013Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
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781000000 USD
CY2014Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
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768000000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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432000000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20000000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3000000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5000000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
492000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
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CY2014Q4 us-gaap Deferred Income Tax Liabilities
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
57000000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
8000000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2013Q4 us-gaap Deferred Tax Assets Gross Noncurrent
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2000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross Noncurrent
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7000000 USD
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CY2014Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
24000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
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CY2014Q4 us-gaap Deferred Tax Assets Net
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764000000 USD
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49000000 USD
CY2013 us-gaap Dividends Common Stock Cash
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485000000 USD
CY2014 us-gaap Dividends Common Stock Cash
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525000000 USD
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2000000 USD
CY2014Q4 us-gaap Due From Related Parties Current
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CY2013Q4 us-gaap Due To Related Parties Current
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16000000 USD
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70000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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483000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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616000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2013Q4 us-gaap Deferred Tax Liabilities
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CY2014Q4 us-gaap Deferred Tax Liabilities
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614000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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614000000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Gross Current
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370000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Gross Current
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CY2013Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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267000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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70000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
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CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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2290000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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2411000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
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CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
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CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
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CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
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45000000 USD
CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
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5000000 USD
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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1800000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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1744000000 USD
CY2013Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
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1912000000 USD
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2009000000 USD
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1800000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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1744000000 USD
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1927000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
2075000000 USD
CY2012 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
60000000 USD
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
76000000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
86000000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
995000000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1220000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1326000000 USD
CY2014Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
78000000 USD
CY2013Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
32000000 USD
CY2012 us-gaap Dividends Common Stock Cash
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407000000 USD
CY2014Q4 us-gaap Due To Related Parties Current
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18000000 USD
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EarningsPerShareDiluted
2.17
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.95
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.19
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.84
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.07
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.64
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.95
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.36
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.89
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.86
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.78
CY2012 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2013 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2014 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.33
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.69
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.97
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.38
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.88
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.01
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.02
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.02
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.02
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.02
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
406000000 USD
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
427000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
108000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
48000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
26000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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13000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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15000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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15000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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16000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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18000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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19000000 USD
CY2014Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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110000000 USD
CY2012 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
37000000 USD
CY2013 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
18000000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
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170000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
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339000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
990000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
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145000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
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280000000 USD
CY2012 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
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73000000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
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87000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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0 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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600000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
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379000000 USD
CY2012 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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47000000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
63000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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316000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
1238000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
2166000000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
618000000 USD
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
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957000000 USD
CY2012 us-gaap Equity Method Investment Summarized Financial Information Revenue
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1025000000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1067000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1430000000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
463000000 USD
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
865000000 USD
CY2013Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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4084000000 USD
CY2014Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
684000000 USD
CY2012 us-gaap Excise And Sales Taxes
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5709000000 USD
CY2013 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
6263000000 USD
CY2014 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
6685000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-2000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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-25000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-33000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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0 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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us-gaap Payments For Repurchase Of Common Stock
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26000000 USD
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0 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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CY2014 us-gaap Sales Revenue Net
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1223000000 USD
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1375000000 USD
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35000000 USD
CY2013 us-gaap Share Based Compensation
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42000000 USD
CY2014 us-gaap Share Based Compensation
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40000000 USD
CY2014Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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4000000 USD
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226000000 USD
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StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
139000000 USD
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
98000000 USD
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105000000 USD
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StockIssuedDuringPeriodValueShareBasedCompensation
13000000 USD
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9000000 USD
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3000000 USD
CY2014Q4 us-gaap Tax Credit Carryforward Valuation Allowance
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3000000 USD
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270000000 USD
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38000000 USD
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8000000000 USD
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1730000000 USD
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10920000000 USD
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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11332000000 USD
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340000000 USD
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390000000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
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70.35
CY2012 us-gaap Treasury Stock Acquired Average Cost Per Share
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46.73
CY2013 us-gaap Treasury Stock Acquired Average Cost Per Share
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76.14
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
88.63
CY2013Q4 us-gaap Treasury Stock Shares
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65000000 shares
CY2014Q4 us-gaap Treasury Stock Shares
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89000000 shares
us-gaap Treasury Stock Shares Acquired
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89000000 shares
CY2012 us-gaap Treasury Stock Shares Acquired
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28000000 shares
CY2013 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
37000000 shares
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
24000000 shares
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4155000000 USD
CY2014Q4 us-gaap Treasury Stock Value
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1350000000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
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2793000000 USD
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TreasuryStockValueAcquiredCostMethod
2131000000 USD
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6000000 USD
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4000000 USD
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4000000 USD
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4000000 USD
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UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
4000000 USD
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-59000000 USD
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21000000 USD
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3000000 USD
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20000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
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40000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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13000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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12000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
30000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
10000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
6000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
25000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
-2000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
15000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
14000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
32000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
30000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
7000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-21000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 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
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5000000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
342000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
287000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
340000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285000000 shares
CY2014 us-gaap Defined Benefit Plan Diversification
DefinedBenefitPlanDiversification
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The asset allocation strategy will change over time in response to changes primarily in funded status, which is dictated by current and anticipated market conditions, the independent actions of our investment committee, required cash flows to and from the plans and other factors deemed appropriate. Such changes in asset allocation are intended to allocate additional assets to the fixed income asset class should the funded status improve. The fixed income asset class shall be invested in such a manner that its interest rate sensitivity correlates highly with that of the plans&#8217; liabilities. Other asset classes are intended to provide additional return with associated higher levels of risk.</font></div></div>
CY2014 us-gaap Defined Benefit Plan Investment Goals
DefinedBenefitPlanInvestmentGoals
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The overall expected long-term return on plan assets assumption is determined based on an asset rate-of-return modeling tool developed by a third-party investment group. The tool utilizes underlying assumptions based on actual returns by asset category and inflation and takes into account our asset allocation to derive an expected long-term rate of return on those assets. Capital market assumptions reflect the long-term capital market outlook. The assumptions for equity and fixed income investments are developed using a building-block approach, reflecting observable inflation information and interest rate information available in the fixed income markets. Long-term assumptions for other asset categories are based on historical results, current market characteristics and the professional judgment of our internal and external investment teams.</font></div></div>
CY2014 us-gaap Defined Benefit Plan Risk Management Practices
DefinedBenefitPlanRiskManagementPractices
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies.</font></div></div>
CY2014 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue recognition</font><font style="font-family:inherit;font-size:10pt;"> &#8211; Revenues are recognized when products are shipped or services are provided to customers, title is transferred, the sales price is fixed or determinable and collectability is reasonably assured.&#160;Costs associated with revenues are recorded in cost of revenues.&#160;Shipping and other transportation costs billed to our customers are presented on a gross basis in revenues and cost of revenues.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rebates from vendors are recognized as a reduction of cost of revenues when the initiating transaction occurs.&#160;Incentives that are derived from contractual provisions are accrued based on past experience and recognized in cost of revenues. Rebates to customers are reflected as a reduction of revenue and are accrued for in accounts payable on the consolidated balance sheets.</font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font><font style="font-family:inherit;font-size:10pt;"> &#8211; The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods.</font></div></div>

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