2014 Q4 Form 10-K Financial Statement

#000070216516000162 Filed on February 08, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $2.870B $3.023B $3.042B
YoY Change -0.38% 7.05% 8.57%
Cost Of Revenue $1.739B $1.789B $1.785B
YoY Change -1.58% 2.52% 2.59%
Gross Profit $1.131B $1.234B $1.257B
YoY Change 1.53% 14.37% 18.36%
Gross Profit Margin 39.41% 40.82% 41.32%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $241.0M $237.0M $240.0M
YoY Change 2.55% 2.6% 5.26%
% of Gross Profit 21.31% 19.21% 19.09%
Operating Expenses $240.0M $2.025B $2.023B
YoY Change 3.0% 2.53% 795.13%
Operating Profit $891.0M $998.0M $1.019B
YoY Change 1.14% 17.55% 21.89%
Interest Expense -$129.0M $138.0M $139.0M
YoY Change -5.84% 5.34% -208.59%
% of Operating Profit -14.48% 13.83% 13.64%
Other Income/Expense, Net $28.00M $32.00M $18.00M
YoY Change -28.21% 6.67% -37.93%
Pretax Income $790.0M $892.0M $898.0M
YoY Change 0.89% 19.25% 21.85%
Income Tax $279.0M $333.0M $336.0M
% Of Pretax Income 35.32% 37.33% 37.42%
Net Earnings $511.0M $559.0M $562.0M
YoY Change -0.39% 15.98% 20.86%
Net Earnings / Revenue 17.8% 18.49% 18.47%
Basic Earnings Per Share $1.65 $1.80 $1.81
Diluted Earnings Per Share $1.64 $1.79 $1.79
COMMON SHARES
Basic Shares Outstanding 309.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $973.0M $1.432B $1.667B
YoY Change -37.67% 42.63% 183.99%
Cash & Equivalents $973.0M $1.432B $1.667B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $347.0M $50.00M $226.0M
YoY Change 298.85% -72.68% 18.32%
Inventory $236.0M $249.0M $251.0M
Prepaid Expenses
Receivables $1.055B $1.103B $1.122B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.778B $3.012B $3.266B
YoY Change -9.66% 20.77% 57.17%
LONG-TERM ASSETS
Property, Plant & Equipment $27.69B $27.23B $26.93B
YoY Change 3.94% 3.09% 3.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.047B $2.610B $2.505B
YoY Change 2.25% 8.98% 5.87%
Other Assets $49.00M $354.0M $342.0M
YoY Change -84.88% 461.9% 442.86%
Total Long-Term Assets $30.42B $30.19B $29.77B
YoY Change 3.45% 4.58% 4.37%
TOTAL ASSETS
Total Short-Term Assets $2.778B $3.012B $3.266B
Total Long-Term Assets $30.42B $30.19B $29.77B
Total Assets $33.20B $33.21B $33.04B
YoY Change 2.21% 5.87% 7.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.233B $1.387B $1.245B
YoY Change -2.53% 9.47% 5.51%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0M $0.00 $0.00
YoY Change 0.0%
Long-Term Debt Due $2.000M $2.000M $433.0M
YoY Change -99.55% -99.55% 821.28%
Total Short-Term Liabilities $1.780B $2.082B $2.368B
YoY Change -22.78% -10.72% 30.47%
LONG-TERM LIABILITIES
Long-Term Debt $8.883B $8.919B $8.814B
YoY Change -0.22% 4.94% 4.56%
Other Long-Term Liabilities $1.312B $1.084B $1.122B
YoY Change -9.14% -49.95% -48.95%
Total Long-Term Liabilities $1.312B $1.084B $9.936B
YoY Change -9.14% -89.84% -6.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.780B $2.082B $2.368B
Total Long-Term Liabilities $1.312B $1.084B $9.936B
Total Liabilities $20.79B $20.77B $20.96B
YoY Change -1.9% -1.44% 2.67%
SHAREHOLDERS EQUITY
Retained Earnings $10.35B $10.16B
YoY Change 10.8%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.00M $19.00M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $12.41B $12.44B $12.08B
YoY Change
Total Liabilities & Shareholders Equity $33.20B $33.21B $33.04B
YoY Change 2.21% 5.87% 7.96%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $511.0M $559.0M $562.0M
YoY Change -0.39% 15.98% 20.86%
Depreciation, Depletion And Amortization $241.0M $237.0M $240.0M
YoY Change 2.55% 2.6% 5.26%
Cash From Operating Activities $569.0M $909.0M $849.0M
YoY Change -15.58% 1.22% 8.43%
INVESTING ACTIVITIES
Capital Expenditures -$739.0M -$570.0M -$428.0M
YoY Change 47.5% -2.73% -15.25%
Acquisitions
YoY Change
Other Investing Activities -$9.000M -$37.00M $35.00M
YoY Change -62.5% -254.17% -45.31%
Cash From Investing Activities -$748.0M -$607.0M -$393.0M
YoY Change 42.48% 8.01% -10.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -280.0M -537.0M -311.0M
YoY Change -190.32% -980.33% -27.17%
NET CHANGE
Cash From Operating Activities 569.0M 909.0M 849.0M
Cash From Investing Activities -748.0M -607.0M -393.0M
Cash From Financing Activities -280.0M -537.0M -311.0M
Net Change In Cash -459.0M -235.0M 145.0M
YoY Change -200.0% -159.19% -270.59%
FREE CASH FLOW
Cash From Operating Activities $569.0M $909.0M $849.0M
Capital Expenditures -$739.0M -$570.0M -$428.0M
Free Cash Flow $1.308B $1.479B $1.277B
YoY Change 11.32% -0.34% -0.85%

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CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
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CY2014Q4 us-gaap Deferred Tax Assets Net Current
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CY2015Q4 us-gaap Deferred Tax Assets Net Current
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121000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
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CY2015Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
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45000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
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65000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
454000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
430000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
107000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
108000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
9510000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
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CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
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CY2014Q4 us-gaap Deferred Tax Liabilities Other
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455000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
438000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2014Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
2200000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
2200000000 USD
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
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10000000 USD
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
1000000 USD
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
11000000 USD
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
1000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
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CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
2040000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
244000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
252000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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274000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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274000000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
20000000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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CY2013 us-gaap Depreciation
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CY2014 us-gaap Depreciation
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CY2015 us-gaap Depreciation
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CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
637000000 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
687000000 USD
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
713000000 USD
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EarningsPerShareBasic
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CY2014Q1 us-gaap Earnings Per Share Basic
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EarningsPerShareDiluted
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CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.80
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.44
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.43
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.50
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.13
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6.04
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.64
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.39
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
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EarningsPerShareDiluted
1.41
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.49
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.10
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EffectiveIncomeTaxRateContinuingOperations
0.36
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.36
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.36
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
0.00
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
-0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
-0.01
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
93000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
93000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
29000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
18000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
31000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
26000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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7000000 USD
CY2015Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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2047000000 USD
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38000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
37000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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14000000 USD
CY2013 us-gaap Fuel Costs
FuelCosts
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FuelCosts
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101000000 USD
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13000000 USD
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55000000 USD
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104000000 USD
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13000000 USD
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30000000 USD
CY2015Q4 us-gaap Guarantee Obligations Maximum Exposure
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2442000000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
42000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2015 us-gaap Income Loss From Equity Method Investments
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CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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1038000000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2013 us-gaap Income Tax Reconciliation Tax Settlements State And Local
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CY2014 us-gaap Income Tax Reconciliation Tax Settlements State And Local
IncomeTaxReconciliationTaxSettlementsStateAndLocal
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CY2015 us-gaap Income Tax Reconciliation Tax Settlements State And Local
IncomeTaxReconciliationTaxSettlementsStateAndLocal
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CY2013 us-gaap Income Taxes Paid Net
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31000000 USD
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7000000 USD
CY2014 us-gaap Increase Decrease In Materials And Supplies
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13000000 USD
CY2015 us-gaap Increase Decrease In Materials And Supplies
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35000000 USD
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5000000 USD
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260000000 USD
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5000000 USD
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53000000 USD
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19000000 USD
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21000000 USD
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543000000 USD
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564000000 USD
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566000000 USD
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InterestExpense
545000000 USD
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InterestExpense
545000000 USD
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12000000 USD
CY2014 us-gaap Interest Expense Other
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12000000 USD
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CY2014 us-gaap Investment Income Interest
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9000000 USD
CY2015 us-gaap Investment Income Interest
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CY2013 us-gaap Labor And Related Expense
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3002000000 USD
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CY2015 us-gaap Labor And Related Expense
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CY2013 us-gaap Lease And Rental Expense
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203000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
201000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
195000000 USD
CY2014Q4 us-gaap Liabilities
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CY2015Q4 us-gaap Liabilities
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22072000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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33200000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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34260000000 USD
CY2014Q4 us-gaap Liabilities Current
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1780000000 USD
CY2015Q4 us-gaap Liabilities Current
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2231000000 USD
CY2013 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
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25000000 USD
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24000000 USD
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CY2014Q4 us-gaap Long Term Debt
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51000000 USD
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500000000 USD
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314000000 USD
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585000000 USD
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600000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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550000000 USD
CY2014Q4 us-gaap Long Term Investments
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2679000000 USD
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909000000 USD
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187000000 USD
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CY2014Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
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199000000 USD
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191000000 USD
CY2014Q4 us-gaap Materials Supplies And Other
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236000000 USD
CY2015Q4 us-gaap Materials Supplies And Other
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271000000 USD
CY2013 us-gaap Multiemployer Plan Period Contributions
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CY2014 us-gaap Multiemployer Plan Period Contributions
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36000000 USD
CY2015 us-gaap Multiemployer Plan Period Contributions
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32000000 USD
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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3078000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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2852000000 USD
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2877000000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
7988000000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
8049000000 USD
CY2015 us-gaap Operating Expenses
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7627000000 USD
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CY2014Q1 us-gaap Operating Income Loss
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CY2014Q2 us-gaap Operating Income Loss
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CY2014Q3 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Income Loss
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CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q1 us-gaap Operating Income Loss
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CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q3 us-gaap Operating Income Loss
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CY2015Q4 us-gaap Operating Income Loss
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642000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
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664000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
77000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;We periodically review our estimates, including those related to the recoverability and useful lives of assets, as well as liabilities for litigation, environmental remediation, casualty claims, income taxes and pension and other postretirement benefits.&#160; Changes in facts and circumstances may result in revised estimates.</font></div></div>

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0000702165-16-000162.txt Edgar Link pending
0000702165-16-000162-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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