2019 Q1 Form 10-Q Financial Statement

#000151029519000051 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $28.27B $18.87B
YoY Change 49.83% 15.83%
Cost Of Revenue $25.96B $17.37B
YoY Change 49.45% 15.46%
Gross Profit $2.307B $1.496B
YoY Change 54.21% 11.31%
Gross Profit Margin 8.16% 7.93%
Selling, General & Admin $867.0M $402.0M
YoY Change 115.67% 3.08%
% of Gross Profit 37.58% 26.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $919.0M $528.0M
YoY Change 74.05% -1.49%
% of Gross Profit 39.84% 35.29%
Operating Expenses $867.0M $402.0M
YoY Change 115.67% 3.08%
Operating Profit $526.0M $440.0M
YoY Change 19.55% 51.2%
Interest Expense -$379.0M -$202.0M
YoY Change 87.62% 20.96%
% of Operating Profit -72.05% -45.91%
Other Income/Expense, Net -$7.000M -$4.000M
YoY Change 75.0% -42.86%
Pretax Income $363.0M $257.0M
YoY Change 41.25% 80.99%
Income Tax $104.0M $22.00M
% Of Pretax Income 28.65% 8.56%
Net Earnings -$7.000M $37.00M
YoY Change -118.92% 23.33%
Net Earnings / Revenue -0.02% 0.2%
Basic Earnings Per Share -$0.01 $0.08
Diluted Earnings Per Share -$0.01 $0.08
COMMON SHARES
Basic Shares Outstanding 673.0M shares 476.0M shares
Diluted Shares Outstanding 673.0M shares 480.0M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $877.0M $4.653B
YoY Change -81.15% 114.72%
Cash & Equivalents $877.0M $4.653B
Short-Term Investments
Other Short-Term Assets $548.0M $148.0M
YoY Change 270.27% -25.63%
Inventory $9.833B $5.111B
Prepaid Expenses
Receivables $6.893B $4.613B
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.15B $14.53B
YoY Change 24.96% 31.54%
LONG-TERM ASSETS
Property, Plant & Equipment $45.09B $26.62B
YoY Change 69.4% 3.7%
Goodwill $20.23B $3.586B
YoY Change 464.11% 0.0%
Intangibles
YoY Change
Long-Term Investments $6.558B $4.817B
YoY Change 36.14% 2.4%
Other Assets $3.727B $818.0M
YoY Change 355.62% -0.24%
Total Long-Term Assets $78.29B $35.84B
YoY Change 118.44% 3.05%
TOTAL ASSETS
Total Short-Term Assets $18.15B $14.53B
Total Long-Term Assets $78.29B $35.84B
Total Assets $96.44B $50.36B
YoY Change 91.48% 9.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.57B $7.066B
YoY Change 49.56% 32.25%
Accrued Expenses $1.571B $337.0M
YoY Change 366.17% -66.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $550.0M $26.00M
YoY Change 2015.38% -7.14%
Total Short-Term Liabilities $15.15B $8.372B
YoY Change 80.92% 21.93%
LONG-TERM LIABILITIES
Long-Term Debt $27.57B $17.23B
YoY Change 59.96% 37.09%
Other Long-Term Liabilities $4.851B $1.777B
YoY Change 172.99% 4.53%
Total Long-Term Liabilities $32.42B $19.01B
YoY Change 70.53% 33.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.15B $8.372B
Total Long-Term Liabilities $32.42B $19.01B
Total Liabilities $52.57B $30.50B
YoY Change 72.37% 21.89%
SHAREHOLDERS EQUITY
Retained Earnings $14.39B $12.75B
YoY Change 12.91% 26.87%
Common Stock $33.77B $13.68B
YoY Change 146.96% 22.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.06B $11.20B
YoY Change 25.56% 41.68%
Treasury Stock Shares 309.0M shares 267.0M shares
Shareholders Equity $33.95B $14.99B
YoY Change
Total Liabilities & Shareholders Equity $96.44B $50.36B
YoY Change 91.48% 9.91%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$7.000M $37.00M
YoY Change -118.92% 23.33%
Depreciation, Depletion And Amortization $919.0M $528.0M
YoY Change 74.05% -1.49%
Cash From Operating Activities $1.623B -$137.0M
YoY Change -1284.67% -112.36%
INVESTING ACTIVITIES
Capital Expenditures $1.241B $755.0M
YoY Change 64.37% 23.77%
Acquisitions -$1.000M $0.00
YoY Change -100.0%
Other Investing Activities -$20.00M -$11.00M
YoY Change 81.82% -47.62%
Cash From Investing Activities -$1.520B -$778.0M
YoY Change 95.37% -42.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $883.0M $1.315B
YoY Change -32.85% 220.73%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$920.0M $2.557B
YoY Change -135.98% 67.89%
NET CHANGE
Cash From Operating Activities $1.623B -$137.0M
Cash From Investing Activities -$1.520B -$778.0M
Cash From Financing Activities -$920.0M $2.557B
Net Change In Cash -$817.0M $1.642B
YoY Change -149.76% 28.48%
FREE CASH FLOW
Cash From Operating Activities $1.623B -$137.0M
Capital Expenditures $1.241B $755.0M
Free Cash Flow $382.0M -$892.0M
YoY Change -142.83% -279.12%

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CY2019Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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CY2018Q1 us-gaap Fair Value Of Assets Acquired
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CY2019Q1 us-gaap Fair Value Of Assets Acquired
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350000000 USD
CY2019Q1 us-gaap Finance Lease Interest Expense
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10000000 USD
CY2018Q1 us-gaap Finance Lease Interest Payment On Liability
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0 USD
CY2019Q1 us-gaap Finance Lease Interest Payment On Liability
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8000000 USD
CY2018Q4 us-gaap Finance Lease Liability
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649000000 USD
CY2019Q1 us-gaap Finance Lease Liability
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657000000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due
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950000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due
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957000000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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586000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due After Year Five
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596000000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Five
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82000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Five
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83000000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Four
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75000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Four
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76000000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Three
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66000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Three
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69000000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Due Year Two
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CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Two
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76000000 USD
CY2018Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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70000000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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57000000 USD
CY2018Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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301000000 USD
CY2019Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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300000000 USD
CY2018Q1 us-gaap Finance Lease Principal Payments
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0 USD
CY2019Q1 us-gaap Finance Lease Principal Payments
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10000000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
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14000000 USD
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0602
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P13Y1M25D
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets
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2000000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
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214000000 USD
CY2018Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2018Q4 us-gaap Goodwill
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CY2019Q1 us-gaap Goodwill
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CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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257000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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363000000 USD
CY2018Q1 us-gaap Income Loss From Equity Method Investments
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86000000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
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99000000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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22000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
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104000000 USD
CY2019Q1 us-gaap Income Tax Receivable
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76000000 USD
CY2018Q1 us-gaap Income Taxes Paid Net
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6000000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
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42000000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
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1037000000 USD
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CY2019Q1 us-gaap Increase Decrease In Inventories
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4000000 USD
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CY2018Q1 us-gaap Interest And Debt Expense
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CY2019Q1 us-gaap Interest And Debt Expense
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CY2018Q1 us-gaap Interest Costs Capitalized Adjustment
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18000000 USD
CY2019Q1 us-gaap Interest Costs Capitalized Adjustment
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32000000 USD
CY2018Q1 us-gaap Interest Expense Debt
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CY2019Q1 us-gaap Interest Expense Debt
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340000000 USD
CY2018Q1 us-gaap Interest Expense Other
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CY2019Q1 us-gaap Interest Expense Other
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CY2018Q1 us-gaap Interest Paid Net
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CY2019Q1 us-gaap Interest Paid Net
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CY2018Q4 us-gaap Inventory Net
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CY2019Q1 us-gaap Inventory Net
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CY2018Q1 us-gaap Investment Income Interest
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CY2019Q1 us-gaap Investment Income Interest
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CY2019Q1 us-gaap Lease Cost
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
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858000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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295000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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262000000 USD
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389000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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370000000 USD
CY2018Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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553000000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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545000000 USD
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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629000000 USD
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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554000000 USD
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426000000 USD
CY2019Q1 us-gaap Letters Of Credit Outstanding Amount
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CY2019Q1 us-gaap Liabilities
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CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations
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CY2018Q4 us-gaap Minority Interest
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CY2019Q1 us-gaap Minority Interest
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179000000 USD
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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305000000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2018Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Net Income Loss
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CY2018Q1 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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CY2019Q1 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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246000000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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16000000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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20000000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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37000000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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37000000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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219000000 USD
CY2019Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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239000000 USD
CY2018Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2019Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2019Q1 us-gaap Number Of Reportable Segments
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CY2018Q1 us-gaap Operating Income Loss
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440000000 USD
CY2019Q1 us-gaap Operating Income Loss
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CY2019Q1 us-gaap Operating Lease Cost
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CY2019Q1 us-gaap Operating Lease Liability
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CY2019Q1 us-gaap Operating Lease Liability Current
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CY2019Q1 us-gaap Operating Lease Liability Noncurrent
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CY2019Q1 us-gaap Operating Lease Payments
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CY2018Q4 us-gaap Operating Lease Right Of Use Asset
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CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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2680000000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0413
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y6M11D
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CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable Current
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CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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154000000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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160000000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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162000000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
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168000000 USD
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CY2019Q1 us-gaap Other Assets Current
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CY2018Q4 us-gaap Other Assets Noncurrent
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CY2018Q1 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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CY2019Q1 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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CY2019Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018Q1 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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CY2019Q1 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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CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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1000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2019Q1 us-gaap Other Comprehensive Income Other Net Of Tax
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CY2018Q4 us-gaap Other Inventory Supplies
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CY2019Q1 us-gaap Other Inventory Supplies
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CY2019Q1 us-gaap Other Liabilities Current
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CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2019Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2019Q1 us-gaap Other Operating Income
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CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2018Q1 us-gaap Payments Of Debt Issuance Costs
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53000000 USD
CY2019Q1 us-gaap Payments Of Debt Issuance Costs
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CY2018Q1 us-gaap Payments Of Dividends Common Stock
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219000000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
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354000000 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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755000000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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1241000000 USD
CY2018Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
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41000000 USD
CY2019Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
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325000000 USD
CY2018Q1 us-gaap Payments To Minority Shareholders
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195000000 USD
CY2019Q1 us-gaap Payments To Minority Shareholders
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325000000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Benefit Expense
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CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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1567000000 USD
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2019Q1 us-gaap Preferred Stock Shares Authorized
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CY2018Q4 us-gaap Preferred Stock Shares Issued
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CY2019Q1 us-gaap Preferred Stock Shares Issued
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
CY2019Q1 us-gaap Preferred Stock Value
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CY2018Q1 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
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0 USD
CY2019Q1 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
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2000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
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12000000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
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2000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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9610000000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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2604000000 USD
CY2018Q1 us-gaap Proceeds From Minority Shareholders
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1000000 USD
CY2019Q1 us-gaap Proceeds From Minority Shareholders
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95000000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018Q1 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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7000000 USD
CY2019Q1 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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24000000 USD
CY2018Q1 us-gaap Profit Loss
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235000000 USD
CY2019Q1 us-gaap Profit Loss
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259000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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61213000000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
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45058000000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
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45091000000 USD
CY2019Q1 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
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261000000 USD
CY2019Q1 us-gaap Property Subject To Or Available For Operating Lease Gross
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1831000000 USD
CY2019Q1 us-gaap Property Subject To Or Available For Operating Lease Net
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1570000000 USD
CY2018Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
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35000000 USD
CY2019Q1 us-gaap Recorded Third Party Environmental Recoveries Receivable
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33000000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2018Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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1000000000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1004000000 USD
CY2019Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
1004000000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
5264000000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
2031000000 USD
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
38000000 USD
CY2019Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
31000000 USD
CY2018Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
228000000 USD
CY2019Q1 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
214000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14755000000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14391000000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18694000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28081000000 USD
CY2018Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
172000000 USD
CY2019Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
186000000 USD
CY2018Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
15000000 USD
CY2018Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31000000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
402000000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
881000000 USD
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
152000000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
24000000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
28000000 USD
CY2019Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
4020000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
35175000000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
33951000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20828000000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18863000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44049000000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42858000000 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-1000000 USD
CY2018Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
103000000 USD
CY2019Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
186000000 USD
CY2018Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
16000000 USD
CY2019Q1 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
20000000 USD
CY2018Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
68.74
CY2019Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
62.98
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
295000000 shares
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
309000000 shares
CY2018Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
19000000 shares
CY2019Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
14000000 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
13175000000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
14063000000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1327000000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
885000000 USD
CY2018Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2018Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
CY2018Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
14000000 USD
CY2019Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-29000000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
231000000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
15000000 USD
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
480000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
673000000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
476000000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
673000000 shares
CY2019Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<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-weight:bold;">Not Yet Adopted</font></div><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;">ASU 2017-04, Intangibles - Goodwill and Other - Simplifying the Test for Goodwill Impairment</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 ASU 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, which could be different from the amount calculated under the current method using the implied fair value of the goodwill; 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. </font></div><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;">ASU 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments</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 June 2016, the FASB issued an ASU 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 ASU to have a material impact on our consolidated financial statements.</font></div></div>
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These interim consolidated financial statements are unaudited; however, in the opinion of our management, these statements reflect all adjustments necessary for a fair statement of the results for the periods reported. All such adjustments are of a normal, recurring nature unless otherwise disclosed. These interim consolidated financial statements, including the notes, have been prepared in accordance with the rules of the SEC applicable to interim period financial statements and do not include all of the information and disclosures required by GAAP for complete financial statements.</font></div></div>

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