2015 Q4 Form 10-Q Financial Statement

#000137094615000196 Filed on October 21, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $1.297B $1.447B $1.257B
YoY Change 3.18% 5.01% -1.64%
Cost Of Revenue $1.001B $1.107B $1.014B
YoY Change -1.28% -1.77% -2.97%
Gross Profit $296.0M $340.0M $243.0M
YoY Change 21.81% 35.46% 4.29%
Gross Profit Margin 22.82% 23.5% 19.33%
Selling, General & Admin $136.0M $130.0M $115.0M
YoY Change 18.26% 18.18% -14.81%
% of Gross Profit 45.95% 38.24% 47.33%
Research & Development $20.00M $18.00M $19.00M
YoY Change 5.26% 0.0% -5.0%
% of Gross Profit 6.76% 5.29% 7.82%
Depreciation & Amortization $76.00M $73.00M $75.00M
YoY Change 1.33% -2.67% -22.68%
% of Gross Profit 25.68% 21.47% 30.86%
Operating Expenses $160.0M $144.0M $127.0M
YoY Change 25.98% 0.0% -1.55%
Operating Profit $136.0M $196.0M $116.0M
YoY Change 17.24% 83.18% 11.54%
Interest Expense $20.00M $28.00M $28.00M
YoY Change -28.57% 0.0% 12.0%
% of Operating Profit 14.71% 14.29% 24.14%
Other Income/Expense, Net
YoY Change
Pretax Income $118.0M $168.0M $30.00M
YoY Change 293.33% 112.66% -62.03%
Income Tax $8.000M $55.00M -$4.000M
% Of Pretax Income 6.78% 32.74% -13.33%
Net Earnings $109.0M $112.0M $33.00M
YoY Change 230.3% 115.38% -59.76%
Net Earnings / Revenue 8.4% 7.74% 2.63%
Basic Earnings Per Share $0.94 $0.96 $0.28
Diluted Earnings Per Share $0.92 $0.95 $0.28
COMMON SHARES
Basic Shares Outstanding 116.6M shares 117.2M shares 117.6M shares
Diluted Shares Outstanding 118.3M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.00M $62.00M $67.00M
YoY Change 43.28% 21.57% 17.54%
Cash & Equivalents $96.00M $62.00M $67.00M
Short-Term Investments
Other Short-Term Assets $47.00M $237.0M $233.0M
YoY Change -79.83% 6.28% -13.38%
Inventory $644.0M $701.0M $817.0M
Prepaid Expenses
Receivables $709.0M $861.0M $674.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.508B $1.875B $1.807B
YoY Change -16.55% -7.04% -2.22%
LONG-TERM ASSETS
Property, Plant & Equipment $2.956B $2.885B $2.899B
YoY Change 1.97% -0.24% -1.13%
Goodwill $1.167B $1.167B $1.168B
YoY Change -0.09% -0.09% 0.17%
Intangibles $999.0M $1.004B $1.017B
YoY Change -1.77% -2.05% -2.21%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change
Other Assets $204.0M $228.0M $207.0M
YoY Change -1.45% 3.17% -8.0%
Total Long-Term Assets $5.818B $5.636B $5.735B
YoY Change 1.45% -0.74% -1.1%
TOTAL ASSETS
Total Short-Term Assets $1.508B $1.875B $1.807B
Total Long-Term Assets $5.818B $5.636B $5.735B
Total Assets $7.326B $7.511B $7.542B
YoY Change -2.86% -2.39% -1.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $535.0M $958.0M $542.0M
YoY Change -1.29% 3.01% -0.91%
Accrued Expenses $371.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $6.000M $18.00M $31.00M
YoY Change -80.65% -18.18% 3000.0%
Long-Term Debt Due $163.0M $3.000M $3.000M
YoY Change 5333.33% -25.0% 0.0%
Total Short-Term Liabilities $1.063B $984.0M $983.0M
YoY Change 8.14% 2.61% -0.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.702B $1.979B $1.978B
YoY Change -13.95% -8.84% -2.27%
Other Long-Term Liabilities $137.0M $138.0M $130.0M
YoY Change 5.38% 3.76% -35.0%
Total Long-Term Liabilities $1.839B $2.117B $2.108B
YoY Change -12.76% -8.12% -5.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.063B $984.0M $983.0M
Total Long-Term Liabilities $1.839B $2.117B $2.108B
Total Liabilities $2.902B $3.101B $3.091B
YoY Change -6.11% -4.96% -3.89%
SHAREHOLDERS EQUITY
Retained Earnings $1.055B $966.0M $805.0M
YoY Change 31.06% 22.12% 22.9%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $612.0M $574.0M $518.0M
YoY Change 18.15% 9.54% 2.78%
Treasury Stock Shares 19.60M shares 18.80M shares 17.70M shares
Shareholders Equity $3.739B $3.735B $3.692B
YoY Change
Total Liabilities & Shareholders Equity $7.326B $7.511B $7.542B
YoY Change -2.86% -2.39% -1.37%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income $109.0M $112.0M $33.00M
YoY Change 230.3% 115.38% -59.76%
Depreciation, Depletion And Amortization $76.00M $73.00M $75.00M
YoY Change 1.33% -2.67% -22.68%
Cash From Operating Activities $332.0M $304.0M $390.0M
YoY Change -14.87% 69.83% 56.63%
INVESTING ACTIVITIES
Capital Expenditures -$127.0M -$90.00M -$161.0M
YoY Change -21.12% -9.09% 15.83%
Acquisitions
YoY Change
Other Investing Activities $21.00M $2.000M $26.00M
YoY Change -19.23% 0.0% -46.94%
Cash From Investing Activities -$106.0M -$88.00M -$135.0M
YoY Change -21.48% -9.28% 50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -186.0M -230.0M -237.0M
YoY Change -21.52% 107.21% 54.9%
NET CHANGE
Cash From Operating Activities 332.0M 304.0M 390.0M
Cash From Investing Activities -106.0M -88.00M -135.0M
Cash From Financing Activities -186.0M -230.0M -237.0M
Net Change In Cash 40.00M -14.00M 18.00M
YoY Change 122.22% -51.72% 200.0%
FREE CASH FLOW
Cash From Operating Activities $332.0M $304.0M $390.0M
Capital Expenditures -$127.0M -$90.00M -$161.0M
Free Cash Flow $459.0M $394.0M $551.0M
YoY Change -16.7% 41.73% 42.01%

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0 USD
CY2015Q3 us-gaap Due From Affiliate Current
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0 USD
CY2014Q4 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
0 USD
CY2015Q3 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
0 USD
CY2014Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
0 USD
CY2015Q3 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
0 USD
CY2014Q4 us-gaap Due To Affiliate Noncurrent
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0 USD
CY2015Q3 us-gaap Due To Affiliate Noncurrent
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0 USD
CY2014Q3 us-gaap Earnings Per Share Basic
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0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
CY2015Q3 us-gaap Earnings Per Share Basic
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0.96
us-gaap Earnings Per Share Basic
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1.88
CY2014Q3 us-gaap Earnings Per Share Diluted
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0.44
us-gaap Earnings Per Share Diluted
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1.63
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.87
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 Number
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 Number
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0 Number
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 Number
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0 Number
us-gaap Environmental Exit Costs Reasonably Possible Additional Losses Best Estimate
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2000000 USD
CY2014Q4 us-gaap Equity Method Investments
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0 USD
CY2015Q3 us-gaap Equity Method Investments
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0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
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0 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
173000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
190000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
22000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
22000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
22000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1190000000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1194000000 USD
CY2015Q3 us-gaap Finitelived Intangible Assets Acquired1
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4000000 USD
CY2014Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2015Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000000 USD
CY2015Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
-16000000 USD
us-gaap Increase Decrease In Postretirement Obligations
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-16000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-5000000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
1168000000 USD
CY2015Q3 us-gaap Goodwill
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1167000000 USD
CY2014Q3 us-gaap Gross Profit
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251000000 USD
us-gaap Gross Profit
GrossProfit
733000000 USD
CY2015Q3 us-gaap Gross Profit
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340000000 USD
us-gaap Gross Profit
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857000000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
20000000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
79000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
202000000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
168000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
335000000 USD
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9000000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
112000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
257000000 USD
us-gaap Increase Decrease In Operating Capital
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102000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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10000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-18000000 USD
us-gaap Increase Decrease In Pension Plan Obligations
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-51000000 USD
us-gaap Increase Decrease In Pension Plan Obligations
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-59000000 USD
CY2014Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
300000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
400000 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
400000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
400000 shares
CY2014Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
400000 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
400000 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
700000 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
500000 shares
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1017000000 USD
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1004000000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
28000000 USD
us-gaap Interest Expense
InterestExpense
86000000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
28000000 USD
us-gaap Interest Expense
InterestExpense
80000000 USD
CY2014Q4 us-gaap Inventory Finished Goods
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568000000 USD
CY2015Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
477000000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
817000000 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
249000000 USD
CY2015Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
224000000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
701000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7555000000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7511000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1000000 USD
CY2013Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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800000000 USD
CY2015Q3 us-gaap Minority Interest
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39000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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95000000 USD
CY2014Q4 us-gaap Liabilities Fair Value Disclosure
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13000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-237000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
62000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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384000000 USD
CY2014Q3 us-gaap Net Income Loss
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52000000 USD
us-gaap Net Income Loss
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193000000 USD
CY2015Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
11000000 USD
CY2015Q3 us-gaap Net Income Loss
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112000000 USD
CY2014Q4 us-gaap Liabilities Current
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983000000 USD
CY2015Q3 us-gaap Liabilities Current
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984000000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
1994000000 USD
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
1982000000 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1991000000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1979000000 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3000000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3000000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3000000 USD
CY2015Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
3000000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1991000000 USD
CY2015Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1979000000 USD
CY2014Q4 us-gaap Minority Interest
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38000000 USD
us-gaap Net Income Loss
NetIncomeLoss
221000000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
144000000 USD
us-gaap Operating Expenses
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445000000 USD
CY2015Q3 us-gaap Operating Expenses
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144000000 USD
us-gaap Operating Expenses
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447000000 USD
CY2014Q4 us-gaap Other Assets Current
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233000000 USD
CY2015Q3 us-gaap Other Assets Current
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237000000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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220000000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
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228000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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2000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1000000 USD
us-gaap Payments Of Dividends
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58000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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-1000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-64000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-38000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-81000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-4000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-12000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
130000000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
138000000 USD
us-gaap Other Noncash Income
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28000000 USD
us-gaap Other Noncash Income
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6000000 USD
CY2014Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
252000000 USD
CY2015Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
243000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
86000000 USD
CY2015Q3 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
89000000 USD
us-gaap Payments For Restructuring
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17000000 USD
us-gaap Payments Of Dividends
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37000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
216000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
240000000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1068000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1079000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
7000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
18000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
21000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-10000000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
40000000 USD
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
42000000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
11000000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
13000000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
52000000 USD
us-gaap Profit Loss
ProfitLoss
194000000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
113000000 USD
us-gaap Profit Loss
ProfitLoss
224000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4623000000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4702000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2899000000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2885000000 USD
CY2014Q4 us-gaap Receivables Net Current
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674000000 USD
CY2015Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
861000000 USD
us-gaap Repayments Of Long Term Debt
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1000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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919000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1082000000 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
57000000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
53000000 USD
CY2015Q3 us-gaap Restatement Of Prior Year Income Tax Effects
RestatementOfPriorYearIncomeTaxEffects
4000000 USD
us-gaap Restatement Of Prior Year Income Tax Effects
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8000000 USD
CY2015Q3 us-gaap Restructuring And Related Cost Cost Incurred To Date1
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34000000 USD
CY2014Q3 us-gaap Restructuring Charges
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19000000 USD
us-gaap Restructuring Charges
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31000000 USD
CY2015Q3 us-gaap Restructuring Charges
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-5000000 USD
us-gaap Restructuring Charges
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-5000000 USD
CY2014Q4 us-gaap Restructuring Reserve
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34000000 USD
CY2015Q3 us-gaap Restructuring Reserve
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14000000 USD
us-gaap Restructuring Reserve Settled Without Cash1
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3000000 USD
us-gaap Restructuring Reserve Translation And Other Adjustment
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
805000000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
966000000 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1382000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4015000000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1461000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4082000000 USD
us-gaap Severance Costs1
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3000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
80650 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
251600 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
43.88
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.292 Number
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.011 Number
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.85 Number
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2000000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
-5100 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
105100 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2754895 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2064895 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.04
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.86
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
30.31
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
41.89
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
38.09
us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term1
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1
P2Y10M25D
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
31000000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
18000000 USD
CY2014Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0 Number
CY2015Q3 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0 Number
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
579800 shares
CY2015Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
5600000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2100000 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
3692000000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
3735000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3730000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3774000000 USD
CY2015Q3 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
78000000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
17700000 shares
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
18800000 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
518000000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
574000000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118300000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118400000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117500000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117500000 shares

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