2015 Q4 Form 10-K Financial Statement

#000151029517000017 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $15.61B $18.72B $20.54B
YoY Change -29.86% -26.43% -23.5%
Cost Of Revenue $14.21B $16.35B $18.32B
YoY Change -31.48% -31.33% -25.88%
Gross Profit $1.469B $2.402B $2.265B
YoY Change -8.07% 44.26% 2.44%
Gross Profit Margin 9.41% 12.83% 11.03%
Selling, General & Admin $528.0M $392.0M $393.0M
YoY Change 11.63% 14.62% 24.37%
% of Gross Profit 35.94% 16.32% 17.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $269.0M $364.0M $362.0M
YoY Change -25.07% 13.04% 11.38%
% of Gross Profit 18.31% 15.15% 15.98%
Operating Expenses $941.0M $392.0M $393.0M
YoY Change 13.1% 14.62% 24.37%
Operating Profit $338.0M $1.549B $1.335B
YoY Change -73.15% 45.86% -2.48%
Interest Expense $85.00M $76.00M -$129.0M
YoY Change -79.76% -20.0% -20.37%
% of Operating Profit 25.15% 4.91% -9.66%
Other Income/Expense, Net -$4.000M -$6.000M -$5.000M
YoY Change -33.33% -88.0% -89.58%
Pretax Income $235.0M $1.479B $1.271B
YoY Change -80.2% 46.15% -3.79%
Income Tax $67.00M $521.0M $432.0M
% Of Pretax Income 28.51% 35.23% 33.99%
Net Earnings $187.0M $948.0M $826.0M
YoY Change -76.57% 41.07% -3.39%
Net Earnings / Revenue 1.2% 5.07% 4.02%
Basic Earnings Per Share $0.35 $1.77 $1.52
Diluted Earnings Per Share $0.35 $1.76 $1.51
COMMON SHARES
Basic Shares Outstanding 533.0M shares 535.0M shares 541.0M shares
Diluted Shares Outstanding 538.0M shares 544.0M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.127B $2.044B $1.881B
YoY Change -24.56% 10.25% -11.48%
Cash & Equivalents $1.127B $2.044B $1.881B
Short-Term Investments
Other Short-Term Assets $192.0M $137.0M $134.0M
YoY Change 32.41% -11.04% 7.2%
Inventory $5.225B $5.556B $5.540B
Prepaid Expenses
Receivables $2.927B $3.124B $3.876B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.471B $10.86B $11.43B
YoY Change -16.47% -15.72% -15.92%
LONG-TERM ASSETS
Property, Plant & Equipment $25.16B $16.29B $16.28B
YoY Change 54.75% 1.84% 17.57%
Goodwill $4.019B $1.565B $1.566B
YoY Change 156.64% 1.82% 67.13%
Intangibles $719.0M
YoY Change 150.52%
Long-Term Investments $3.622B $1.073B $994.0M
YoY Change 318.73% 24.48% 44.06%
Other Assets $839.0M $368.0M $379.0M
YoY Change 112.94% -12.38% 25.08%
Total Long-Term Assets $33.64B $19.30B $19.22B
YoY Change 76.28% 2.56% 21.81%
TOTAL ASSETS
Total Short-Term Assets $9.471B $10.86B $11.43B
Total Long-Term Assets $33.64B $19.30B $19.22B
Total Assets $43.12B $30.16B $30.65B
YoY Change 41.71% -4.87% 4.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.743B $4.993B $6.225B
YoY Change -28.79% -42.78% -30.32%
Accrued Expenses $963.0M $759.0M $838.0M
YoY Change 8.2% 6.9% 25.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.00M $780.0M $780.0M
YoY Change 7.41% 2900.0% 2900.0%
Total Short-Term Liabilities $6.345B $7.686B $8.725B
YoY Change -26.04% -25.9% -21.08%
LONG-TERM LIABILITIES
Long-Term Debt $11.90B $5.912B $5.918B
YoY Change 80.93% -5.23% 63.84%
Other Long-Term Liabilities $1.914B $1.696B $1.709B
YoY Change 2.52% 1.92% 13.78%
Total Long-Term Liabilities $13.81B $7.608B $7.627B
YoY Change 63.59% -3.72% 49.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.345B $7.686B $8.725B
Total Long-Term Liabilities $13.81B $7.608B $7.627B
Total Liabilities $23.44B $17.24B $18.36B
YoY Change 23.14% -15.67% 0.13%
SHAREHOLDERS EQUITY
Retained Earnings $9.752B $9.736B $8.959B
YoY Change 29.77% 42.01% 41.64%
Common Stock $11.08B $9.936B $9.919B
YoY Change 12.49% 1.01% 0.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.275B $7.083B $6.926B
YoY Change 15.49% 26.12% 30.36%
Treasury Stock Shares 198.0M shares 195.0M shares 191.0M shares
Shareholders Equity $13.24B $12.28B $11.64B
YoY Change
Total Liabilities & Shareholders Equity $43.12B $30.16B $30.65B
YoY Change 41.71% -4.87% 4.35%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $187.0M $948.0M $826.0M
YoY Change -76.57% 41.07% -3.39%
Depreciation, Depletion And Amortization $269.0M $364.0M $362.0M
YoY Change -25.07% 13.04% 11.38%
Cash From Operating Activities $808.0M $1.069B $994.0M
YoY Change 108.25% -0.83% 13.21%
INVESTING ACTIVITIES
Capital Expenditures -$721.0M -$513.0M -$375.0M
YoY Change 36.55% 33.94% 24.17%
Acquisitions
YoY Change
Other Investing Activities -$1.292B -$59.00M -$93.00M
YoY Change -14455.56% -98.01% 389.47%
Cash From Investing Activities -$2.013B -$572.0M -$468.0M
YoY Change 287.86% -82.89% 45.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $156.0M $408.0M
YoY Change -48.17% -11.11%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 288.0M -334.0M -723.0M
YoY Change -225.76% -116.75% 20.9%
NET CHANGE
Cash From Operating Activities 808.0M 1.069B 994.0M
Cash From Investing Activities -2.013B -572.0M -468.0M
Cash From Financing Activities 288.0M -334.0M -723.0M
Net Change In Cash -917.0M 163.0M -197.0M
YoY Change 154.72% -160.15% 380.49%
FREE CASH FLOW
Cash From Operating Activities $808.0M $1.069B $994.0M
Capital Expenditures -$721.0M -$513.0M -$375.0M
Free Cash Flow $1.529B $1.582B $1.369B
YoY Change 66.92% 8.28% 16.02%

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45000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
49000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
45000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
50000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
206000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
126000000 USD
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
319000000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2292000000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1494000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1127000000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
887000000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-798000000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-367000000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-240000000 USD
CY2015Q4 us-gaap Commercial Paper
CommercialPaper
0 USD
CY2016Q4 us-gaap Commercial Paper
CommercialPaper
0 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.92
CY2015Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2015Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2015Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2015Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2015 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.14
CY2016Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2016Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.36
CY2016Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.36
CY2016 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.36
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
729000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
731000000 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
7000000 USD
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
7000000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2415000000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2847000000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1258000000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2446000000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2863000000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1297000000 USD
CY2014 us-gaap Contribution Of Property
ContributionOfProperty
0 USD
CY2015 us-gaap Contribution Of Property
ContributionOfProperty
0 USD
CY2016 us-gaap Contribution Of Property
ContributionOfProperty
272000000 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
94051000000 USD
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
67566000000 USD
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
60986000000 USD
CY2014 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
505000000 USD
CY2015 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
308000000 USD
CY2016 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
509000000 USD
CY2015Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
2180000000 USD
CY2016Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
2208000000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1382000000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1210000000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
189000000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5000000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-1000000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1522000000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1372000000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
215000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
135000000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
152000000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
27000000 USD
CY2015Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
12475000000 USD
CY2016Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
11069000000 USD
CY2015Q4 us-gaap Debt Current
DebtCurrent
29000000 USD
CY2016Q4 us-gaap Debt Current
DebtCurrent
28000000 USD
CY2015Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
499000000 USD
CY2016Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
453000000 USD
CY2015Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
735000000 USD
CY2016Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
604000000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-199000000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
134000000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
336000000 USD
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
51000000 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
44000000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6000000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9000000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1000000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-242000000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
134000000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
394000000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4089000000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4537000000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3285000000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3861000000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-37000000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9000000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
57000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
17000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
17000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
821000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
693000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
73000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
23000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
73000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
58000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
631000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
578000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3268000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3844000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
579000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
707000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
3285000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
3861000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
909000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
1145000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
89000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
94000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2512000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2591000000 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
29000000 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
5000000 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
33000000 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
6000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
1570000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
1659000000 USD
CY2016 us-gaap Defined Benefit Plan Investment Goals
DefinedBenefitPlanInvestmentGoals
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.
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
1918000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
1914000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1570000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1659000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
1997000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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2024000000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
86000000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
94000000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
113000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1326000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1502000000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2001000000 USD
CY2015Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
23000000 USD
CY2016Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
24000000 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
525000000 USD
CY2015 us-gaap Dividends Common Stock Cash
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615000000 USD
CY2016 us-gaap Dividends Common Stock Cash
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720000000 USD
CY2015Q4 us-gaap Due From Related Parties Current
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13000000 USD
CY2016Q4 us-gaap Due From Related Parties Current
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45000000 USD
CY2015Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
1000000 USD
CY2016Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
1000000 USD
CY2015Q4 us-gaap Due To Related Parties Current
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42000000 USD
CY2016Q4 us-gaap Due To Related Parties Current
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53000000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.42
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.63
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.77
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.29
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.003
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.22
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.39
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.26
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.003
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.21
CY2014 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2015 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
78000000 USD
CY2016Q2 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
54000000 USD
CY2016Q4 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
-54000000 USD
CY2016 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.33
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.33
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.02
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.01
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.01
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.02
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.02
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.01
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
503000000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
530000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
26000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
33000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
10000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
15000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
17000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
19000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
26000000 USD
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
113000000 USD
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
291000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
468000000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
884000000 USD
CY2016Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
1210000000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
170000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
906000000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
711000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
4000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
379000000 USD
CY2015 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
332000000 USD
CY2016 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
-116000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
316000000 USD
CY2015 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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239000000 USD
CY2016 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
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EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
6418000000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
8170000000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
1130000000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
1462000000 USD
CY2014 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1430000000 USD
CY2015 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1390000000 USD
CY2016 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2421000000 USD
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
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CY2016Q4 us-gaap Equity Method Investments
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CY2016Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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308000000 USD
CY2014 us-gaap Excise And Sales Taxes
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6685000000 USD
CY2015 us-gaap Excise And Sales Taxes
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CY2016 us-gaap Excise And Sales Taxes
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CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
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CY2016 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
180000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
189000000 USD
CY2016 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
200000000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
625000000 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
478000000 USD
CY2015Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
342000000 USD
CY2016Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
190000000 USD
CY2014 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
0 USD
CY2015 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
2000000 USD
CY2016 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-7000000 USD
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
1183000000 USD
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
1344000000 USD
CY2016 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
525000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
856000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
924000000 USD
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
137000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
199000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
49000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
46000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
48000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
49000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
49000000 USD
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1000000 USD
CY2016 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2014 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
21000000 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
7000000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
32000000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2014Q4 us-gaap Goodwill
Goodwill
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CY2015Q4 us-gaap Goodwill
Goodwill
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CY2016Q4 us-gaap Goodwill
Goodwill
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GoodwillAcquiredDuringPeriod
2454000000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
130000000 USD
CY2016 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
241000000 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1000000 USD
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
61000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3835000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4374000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1822000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
153000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
88000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1280000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1506000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
609000000 USD
CY2014 us-gaap Income Taxes Paid Net
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1362000000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1605000000 USD
CY2016 us-gaap Income Taxes Paid Net
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140000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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985000000 USD
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674000000 USD
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786000000 USD
CY2015 us-gaap Increase Decrease In Inventories
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-80000000 USD
CY2016 us-gaap Increase Decrease In Inventories
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70000000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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719000000 USD
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725000000 USD
CY2014 us-gaap Interest And Debt Expense
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216000000 USD
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318000000 USD
CY2016 us-gaap Interest And Debt Expense
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556000000 USD
CY2014 us-gaap Interest Costs Capitalized Adjustment
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27000000 USD
CY2015 us-gaap Interest Costs Capitalized Adjustment
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37000000 USD
CY2016 us-gaap Interest Costs Capitalized Adjustment
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64000000 USD
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229000000 USD
CY2015 us-gaap Interest Expense Debt
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325000000 USD
CY2016 us-gaap Interest Expense Debt
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602000000 USD
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166000000 USD
CY2015 us-gaap Interest Paid Net
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272000000 USD
CY2016 us-gaap Interest Paid Net
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478000000 USD
CY2014 us-gaap Inventory Lifo Reserve Period Charge
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CY2015 us-gaap Inventory Lifo Reserve Period Charge
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370000000 USD
CY2016 us-gaap Inventory Lifo Reserve Period Charge
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CY2015Q4 us-gaap Inventory Net
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5225000000 USD
CY2016Q4 us-gaap Inventory Net
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370000000 USD
CY2016Q4 us-gaap Inventory Valuation Reserves
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0 USD
CY2014 us-gaap Investment Income Interest
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7000000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
6000000 USD
CY2016 us-gaap Investment Income Interest
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6000000 USD
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23440000000 USD
CY2016Q4 us-gaap Liabilities
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23210000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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43115000000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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6345000000 USD
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CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
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11896000000 USD
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10544000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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28000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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1031000000 USD
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683000000 USD
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477000000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
630000000 USD
CY2015 us-gaap Long Term Purchase Commitment Amount
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1600000000 USD
CY2016 us-gaap Long Term Purchase Commitment Amount
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899000000 USD
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27000000 USD
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MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
40000000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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517000000 USD
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635000000 USD
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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3110000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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4061000000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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3986000000 USD
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2524000000 USD
CY2015Q1 us-gaap Net Income Loss
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948000000 USD
CY2015Q4 us-gaap Net Income Loss
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187000000 USD
CY2015 us-gaap Net Income Loss
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801000000 USD
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145000000 USD
CY2016Q4 us-gaap Net Income Loss
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227000000 USD
CY2016 us-gaap Net Income Loss
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31000000 USD
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16000000 USD
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CY2014 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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0 USD
CY2015 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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0 USD
CY2016 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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41000000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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2520000000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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2848000000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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1173000000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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2520000000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
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2848000000 USD
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1173000000 USD
CY2014 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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2555000000 USD
CY2015 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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2868000000 USD
CY2016 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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1172000000 USD
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13000000 USD
CY2016 us-gaap Number Of Reportable Segments
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3 Segment
CY2016 us-gaap Number Of Reporting Units
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3 reporting_unit
CY2014 us-gaap Operating Income Loss
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4051000000 USD
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1470000000 USD
CY2015Q2 us-gaap Operating Income Loss
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1335000000 USD
CY2015Q3 us-gaap Operating Income Loss
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1549000000 USD
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338000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
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75000000 USD
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435000000 USD
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553000000 USD
CY2016 us-gaap Operating Income Loss
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2378000000 USD
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1590000000 USD
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254000000 USD
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170000000 USD
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188000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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198000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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211000000 USD
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569000000 USD
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197000000 USD
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185000000 USD
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201000000 USD
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202000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
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200000000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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460000000 USD
CY2014 us-gaap Operating Leases Income Statement Lease Revenue
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OperatingLeasesIncomeStatementLeaseRevenue
16000000 USD
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246000000 USD
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256000000 USD
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331000000 USD
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327000000 USD
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192000000 USD
CY2016Q4 us-gaap Other Assets Current
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241000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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839000000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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833000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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-50000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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-49000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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86000000 USD
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OtherComprehensiveIncomeLossNetOfTax
-109000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
84000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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-59000000 USD
CY2016 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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-40000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
4000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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-1000000 USD
CY2014 us-gaap Other Financial Services Costs
OtherFinancialServicesCosts
21000000 USD
CY2015 us-gaap Other Financial Services Costs
OtherFinancialServicesCosts
31000000 USD
CY2016 us-gaap Other Financial Services Costs
OtherFinancialServicesCosts
24000000 USD
CY2015Q4 us-gaap Other Inventory Supplies
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438000000 USD
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
9000000 USD
CY2015 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
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41.84
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10000000 USD
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4000000 shares
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4000000 shares
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2000000 shares
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574000000 shares
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542000000 shares
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530000000 shares
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570000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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538000000 shares
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528000000 shares
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<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>
CY2016 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>
CY2016 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<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:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Not Yet Adopted</font></div><div style="line-height:120%;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued an accounting standard update which simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the new guidance, the recognition of an impairment charge is calculated based on the amount by which the carrying amount exceeds the reporting unit&#8217;s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The guidance should be applied on a prospective basis, and is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued an accounting standard update to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard is intended to narrow the definition of a business by specifying the minimum inputs and processes and by narrowing the definition of outputs. The change is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The guidance will be applied prospectively and early adoption is permitted for certain transactions. We are in the process of determining the impact of the accounting standard update on the consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued an accounting standard update requiring that the statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The change is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. Retrospective application is required. The application of this accounting standard update will not have a material impact on our statements of cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued an accounting standard update to amend the consolidation guidance issued in February 2015 to require that a decision maker consider, in the determination of the primary beneficiary, its indirect interest in a VIE held by a related party that is under common control on a proportionate basis only. The change is effective for our financial statements for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, with early adoption permitted. We are required to apply the standard retrospective to January 1, 2016, the date on which we adopted the consolidation guidance issued in February 2015. We have analyzed this accounting standard update and do not expect there to be an impact on our consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued an accounting standard update that requires recognition of the income tax consequences of intra-entity transfers of assets other than inventory when the transfer occurs. The change is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. The amendments in this accounting standard update should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We do not expect application of this accounting standard update to have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued an accounting standard update related to the classification of certain cash flows. The accounting standard update provides specific guidance on eight cash flow classification issues, including debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination and distributions received from equity method investees, to reduce diversity in practice. The change is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. We do not expect application of this accounting standard update to have a material impact on our statements of cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued an accounting standard update related to the accounting for credit losses on certain financial instruments.&#160;The guidance requires that for most financial assets, losses be based on an expected loss approach which includes estimates of losses over the life of exposure that considers historical, current and forecasted information.&#160;Expanded disclosures related to the methods used to estimate the losses as well as a specific disaggregation of balances for financial assets are also required.&#160;The change is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. We do not expect application of this accounting standard update to have a material impact on our consolidated financial statements. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued an accounting standard update to simplify some provisions in stock compensation accounting. The areas for simplification involve the accounting for share-based payment transactions, including income tax consequences, classifications of awards as either equity or liabilities and classification within the statement of cash flows. The changes are effective for fiscal years beginning after December 15, 2016, and interim periods within those years, and early adoption is permitted. Adoption of this accounting standard update in the first quarter of 2017 will not have a material impact on our consolidated financial statements. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued an accounting standard update eliminating the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. This change will be effective for fiscal years beginning after December 15, 2016, and interim periods within those years. The guidance will be applied prospectively and early adoption is permitted. We do not expect application of this accounting standard update to have a material impact on our consolidated financial statements. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued an accounting standard update requiring lessees to record virtually all leases on their balance sheets. The accounting standard update also requires expanded disclosures to help financial statement users better understand the amount, timing and uncertainty of cash flows arising from leases. For lessors, this amended guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The change will be effective on a modified retrospective basis for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. We are currently evaluating the impact of this standard on our financial statements and disclosures, internal controls and accounting policies. This evaluation process includes reviewing all forms of leases, performing a completeness assessment over lease population and analyzing the practical expedients in order to determine the best path of implementation. We expect to recognize an asset and obligation related to leases previously accounted for as operating leases.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued an accounting standard update requiring unconsolidated equity investments, not accounted for under the equity method, to be measured at fair value with changes in fair value recognized in net income. The accounting standard update also requires the use of the exit price notion when measuring the fair value of financial instruments for disclosure purposes and the separate presentation of financial assets and liabilities by measurement category and form on the balance sheet and accompanying notes. The accounting standard update eliminates the requirement to disclose the methods and assumptions used in estimating the fair value of financial instruments measured at amortized cost. Lastly, the accounting standard update requires separate presentation in other comprehensive income of the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when electing to measure the liability at fair value in accordance with the fair value option for financial instruments. The changes are effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2017. Early adoption is permitted only for the guidance regarding presentation of a liability&#8217;s credit risk. We do not expect application of this accounting standard update to have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued an accounting standard update for revenue recognition for contracts with customers. The guidance in the accounting standard update states that revenue is recognized when a customer obtains control of a good or service. Recognition of the revenue will involve a multiple step approach including identifying the contract, identifying the separate performance obligations, determining the transaction price, allocating the price to the performance obligations and then recognizing the revenue as the obligations are satisfied. Additional disclosures will be required to provide adequate information to understand the nature, amount, timing and uncertainty of reported revenues and revenues expected to be recognized. The change will be effective on a retrospective or modified retrospective basis for fiscal years beginning after December 15, 2017, and interim periods within those years, with early adoption permitted, no earlier than January 1, 2017. We are currently evaluating the impact of this standard on our financial statements and disclosures, internal controls and accounting policies. This evaluation process is primarily focused on reviewing service contracts and transaction types across our Midstream segment. We are also evaluating the election allowing for net reporting included in the accounting standard update for consumer excise taxes. In addition, we are currently evaluating the methods of adoption.</font></div></div>
CY2016 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 &#8220;Accounts payable&#8221; on the consolidated balance sheets.</font></div></div>
CY2016 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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