2015 Q4 Form 10-K Financial Statement

#000137094616000272 Filed on February 10, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4 2014 Q3
Revenue $1.297B $1.257B $1.378B
YoY Change 3.18% -1.64% 4.39%
Cost Of Revenue $1.001B $1.014B $1.127B
YoY Change -1.28% -2.97% 5.62%
Gross Profit $296.0M $243.0M $251.0M
YoY Change 21.81% 4.29% -0.79%
Gross Profit Margin 22.82% 19.33% 18.21%
Selling, General & Admin $136.0M $115.0M $110.0M
YoY Change 18.26% -14.81% -14.06%
% of Gross Profit 45.95% 47.33% 43.82%
Research & Development $20.00M $19.00M $18.00M
YoY Change 5.26% -5.0% -5.26%
% of Gross Profit 6.76% 7.82% 7.17%
Depreciation & Amortization $76.00M $75.00M $75.00M
YoY Change 1.33% -22.68% -3.85%
% of Gross Profit 25.68% 30.86% 29.88%
Operating Expenses $160.0M $127.0M $144.0M
YoY Change 25.98% -1.55% -2.04%
Operating Profit $136.0M $116.0M $107.0M
YoY Change 17.24% 11.54% 0.94%
Interest Expense $20.00M $28.00M $28.00M
YoY Change -28.57% 12.0% -3.45%
% of Operating Profit 14.71% 24.14% 26.17%
Other Income/Expense, Net
YoY Change
Pretax Income $118.0M $30.00M $79.00M
YoY Change 293.33% -62.03% 2.6%
Income Tax $8.000M -$4.000M $27.00M
% Of Pretax Income 6.78% -13.33% 34.18%
Net Earnings $109.0M $33.00M $52.00M
YoY Change 230.3% -59.76% 1.96%
Net Earnings / Revenue 8.4% 2.63% 3.77%
Basic Earnings Per Share $0.94 $0.28 $0.44
Diluted Earnings Per Share $0.92 $0.28 $0.44
COMMON SHARES
Basic Shares Outstanding 116.6M shares 117.6M shares 117.4M shares
Diluted Shares Outstanding 118.1M shares

Balance Sheet

Concept 2015 Q4 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.00M $67.00M $51.00M
YoY Change 43.28% 17.54% 0.0%
Cash & Equivalents $96.00M $67.00M $51.00M
Short-Term Investments
Other Short-Term Assets $47.00M $233.0M $223.0M
YoY Change -79.83% -13.38% -17.41%
Inventory $644.0M $817.0M $823.0M
Prepaid Expenses
Receivables $709.0M $674.0M $904.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.508B $1.807B $2.017B
YoY Change -16.55% -2.22% 5.44%
LONG-TERM ASSETS
Property, Plant & Equipment $2.956B $2.899B $2.892B
YoY Change 1.97% -1.13% -0.45%
Goodwill $1.167B $1.168B $1.168B
YoY Change -0.09% 0.17%
Intangibles $999.0M $1.017B $1.025B
YoY Change -1.77% -2.21%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change
Other Assets $204.0M $207.0M $221.0M
YoY Change -1.45% -8.0% -68.29%
Total Long-Term Assets $5.818B $5.735B $5.678B
YoY Change 1.45% -1.1% -2.34%
TOTAL ASSETS
Total Short-Term Assets $1.508B $1.807B $2.017B
Total Long-Term Assets $5.818B $5.735B $5.678B
Total Assets $7.326B $7.542B $7.695B
YoY Change -2.86% -1.37% -0.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $535.0M $542.0M $930.0M
YoY Change -1.29% -0.91% -0.64%
Accrued Expenses $371.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $6.000M $31.00M $22.00M
YoY Change -80.65% 3000.0% 175.0%
Long-Term Debt Due $163.0M $3.000M $4.000M
YoY Change 5333.33% 0.0% 33.33%
Total Short-Term Liabilities $1.063B $983.0M $959.0M
YoY Change 8.14% -0.91% 1.05%
LONG-TERM LIABILITIES
Long-Term Debt $1.702B $1.978B $2.171B
YoY Change -13.95% -2.27% -0.18%
Other Long-Term Liabilities $137.0M $130.0M $133.0M
YoY Change 5.38% -35.0% -85.5%
Total Long-Term Liabilities $1.839B $2.108B $2.304B
YoY Change -12.76% -5.22% 5.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.063B $983.0M $959.0M
Total Long-Term Liabilities $1.839B $2.108B $2.304B
Total Liabilities $2.902B $3.091B $3.263B
YoY Change -6.11% -3.89% -20.65%
SHAREHOLDERS EQUITY
Retained Earnings $1.055B $805.0M $791.0M
YoY Change 31.06% 22.9%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $612.0M $518.0M $524.0M
YoY Change 18.15% 2.78%
Treasury Stock Shares 19.60M shares 17.70M shares 17.90M shares
Shareholders Equity $3.739B $3.692B $3.859B
YoY Change
Total Liabilities & Shareholders Equity $7.326B $7.542B $7.695B
YoY Change -2.86% -1.37% -0.41%

Cashflow Statement

Concept 2015 Q4 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $109.0M $33.00M $52.00M
YoY Change 230.3% -59.76% 1.96%
Depreciation, Depletion And Amortization $76.00M $75.00M $75.00M
YoY Change 1.33% -22.68% -3.85%
Cash From Operating Activities $332.0M $390.0M $179.0M
YoY Change -14.87% 56.63% 3.47%
INVESTING ACTIVITIES
Capital Expenditures -$127.0M -$161.0M -$99.00M
YoY Change -21.12% 15.83% 11.24%
Acquisitions
YoY Change
Other Investing Activities $21.00M $26.00M $2.000M
YoY Change -19.23% -46.94% -94.12%
Cash From Investing Activities -$106.0M -$135.0M -$97.00M
YoY Change -21.48% 50.0% 76.36%
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 -237.0M -111.0M
YoY Change -21.52% 54.9% -20.71%
NET CHANGE
Cash From Operating Activities 332.0M 390.0M 179.0M
Cash From Investing Activities -106.0M -135.0M -97.00M
Cash From Financing Activities -186.0M -237.0M -111.0M
Net Change In Cash 40.00M 18.00M -29.00M
YoY Change 122.22% 200.0% 31.82%
FREE CASH FLOW
Cash From Operating Activities $332.0M $390.0M $179.0M
Capital Expenditures -$127.0M -$161.0M -$99.00M
Free Cash Flow $459.0M $551.0M $278.0M
YoY Change -16.7% 42.01% 6.11%

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CY2014Q3 us-gaap Interest Expense
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28000000 USD
CY2013 us-gaap Increase Decrease In Other Current Assets
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CY2014 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3000000 USD
CY2015 us-gaap Increase Decrease In Other Current Assets
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19000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
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38000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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-20000000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
400000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
400000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
600000 shares
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2013 us-gaap Interest Expense
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CY2014Q1 us-gaap Interest Expense
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CY2014Q2 us-gaap Interest Expense
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CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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CY2013 us-gaap Increase Decrease In Pension Plan Obligations
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CY2014 us-gaap Increase Decrease In Pension Plan Obligations
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CY2015 us-gaap Increase Decrease In Pension Plan Obligations
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CY2013 us-gaap Increase Decrease In Postretirement Obligations
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CY2014 us-gaap Increase Decrease In Postretirement Obligations
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CY2015 us-gaap Increase Decrease In Postretirement Obligations
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CY2013 us-gaap Increase Decrease In Receivables
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77000000 USD
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10000000 USD
CY2015 us-gaap Increase Decrease In Receivables
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71000000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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500000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
400000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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400000 shares
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CY2014 us-gaap Interest Expense
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CY2015Q1 us-gaap Interest Expense
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26000000 USD
CY2015Q2 us-gaap Interest Expense
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26000000 USD
CY2015Q3 us-gaap Interest Expense
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28000000 USD
CY2015Q4 us-gaap Interest Expense
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20000000 USD
CY2015 us-gaap Interest Expense
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100000000 USD
CY2013 us-gaap Interest Paid
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CY2014 us-gaap Interest Paid
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122000000 USD
CY2015 us-gaap Interest Paid
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CY2015Q4 us-gaap Interest Payable Current
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CY2015Q4 us-gaap Inventory Finished Goods
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CY2015Q4 us-gaap Inventory Net
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CY2014Q4 us-gaap Inventory Raw Materials And Supplies
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249000000 USD
CY2015Q4 us-gaap Inventory Raw Materials And Supplies
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208000000 USD
CY2014Q4 us-gaap Investments In And Advances To Affiliates Balance Principal Amount
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53000000 USD
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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3000000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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163000000 USD
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54000000 USD
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83000000 USD
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13000000 USD
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3000000 USD
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CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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164000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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6000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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150000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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6000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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6000000 USD
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CY2013 us-gaap Marketing And Advertising Expense
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100000000 USD
CY2015 us-gaap Marketing And Advertising Expense
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98000000 USD
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383000000 USD
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452000000 USD
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742000000 USD
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21000000 USD
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CY2014 us-gaap Net Income Loss
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CY2015 us-gaap Net Income Loss
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330000000 USD
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CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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113000000 USD
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6000000 USD
CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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1000000 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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1000000 USD
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3000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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67000000 USD
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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113000000 USD
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6000000 USD
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38000000 USD
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130000000 USD
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252000000 USD
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12000000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2013 us-gaap Payments To Acquire Productive Assets
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353000000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
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391000000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
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411000000 USD
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0.01
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10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
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0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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CY2015Q4 us-gaap Preferred Stock Value
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58000000 USD
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0 USD
CY2015 us-gaap Proceeds From Insurance Settlement Investing Activities
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0 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
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390000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2013 us-gaap Proceeds From Long Term Lines Of Credit
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1063000000 USD
CY2014 us-gaap Proceeds From Long Term Lines Of Credit
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1276000000 USD
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1546000000 USD
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13000000 USD
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8000000 USD
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3000000 USD
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5000000 USD
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4000000 USD
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4000000 USD
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4000000 USD
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11000000 USD
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14000000 USD
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30000000 USD
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34000000 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
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0 USD
CY2015 us-gaap Proceeds From Sale Of Productive Assets
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CY2014Q4 us-gaap Product Warranty Accrual
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40000000 USD
CY2015Q4 us-gaap Product Warranty Accrual
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43000000 USD
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17000000 USD
CY2015Q4 us-gaap Product Warranty Accrual Classified Current
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14000000 USD
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26000000 USD
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12000000 USD
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25000000 USD
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15000000 USD
CY2013 us-gaap Profit Loss
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CY2014 us-gaap Profit Loss
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228000000 USD
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CY2015Q4 us-gaap Property Plant And Equipment Gross
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CY2015Q4 us-gaap Property Plant And Equipment Net
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CY2013 us-gaap Repayments Of Long Term Debt
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402000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
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8000000 USD
CY2013 us-gaap Repayments Of Long Term Lines Of Credit
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1103000000 USD
CY2014 us-gaap Repayments Of Long Term Lines Of Credit
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1344000000 USD
CY2015 us-gaap Repayments Of Long Term Lines Of Credit
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1652000000 USD
CY2013 us-gaap Research And Development Expense
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77000000 USD
CY2014 us-gaap Research And Development Expense
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76000000 USD
CY2015 us-gaap Research And Development Expense
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73000000 USD
CY2013 us-gaap Restructuring Charges
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8000000 USD
CY2014 us-gaap Restructuring Charges
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37000000 USD
CY2015 us-gaap Restructuring Charges
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9000000 USD
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1000000 USD
CY2015 us-gaap Restructuring Reserve Accelerated Depreciation
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3000000 USD
CY2014 us-gaap Sales Revenue Goods Net
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5260000000 USD
CY2015Q1 us-gaap Sales Revenue Goods Net
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1203000000 USD
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1403000000 USD
CY2015 us-gaap Restructuring Reserve Settled Without Cash1
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3000000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
805000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1055000000 USD
CY2013 us-gaap Revenues
Revenues
5295000000 USD
CY2014 us-gaap Revenues
Revenues
5260000000 USD
CY2015 us-gaap Revenues
Revenues
5350000000 USD
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5295000000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1275000000 USD
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1350000000 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1378000000 USD
CY2014Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1257000000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1447000000 USD
CY2015Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1297000000 USD
CY2015 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5350000000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
28000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
29000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
30000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
4050 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
5100 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
56500 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
35400 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
105100 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
329800 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
374500 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3025220 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2748720 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2754895 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1953320 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.78
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.55
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.04
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.09
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.88
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.23
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
29.75
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
34.50
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
41.89
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
34.58
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
38.09
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
38.09
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
42.16
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
37.65
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2014Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
31000000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
6000000 USD
CY2014Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.072
CY2015Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.045
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
549800 shares
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
37000000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
16000000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8000000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
20000000 USD
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
328875 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
691375 shares
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
31000000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
38000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
3692000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3739000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3575000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3830000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3730000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3779000000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
17700000 shares
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
19600000 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
518000000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
612000000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
63000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
44000000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
140000000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1600000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
161000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
155000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
84000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
57000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
18000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
7000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
10000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
8000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
119100000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
118300000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
118200000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119100000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118300000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118200000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118200000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117500000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117200000 shares
CY2015 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;font-weight:bold;text-decoration:underline;">Use of Estimates and Assumptions</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ materially from those estimates.</font></div></div>

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