2017 Q4 Form 10-K Financial Statement

#000137094618000010 Filed on February 21, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 2016 Q4
Revenue $1.606B $6.384B $1.383B
YoY Change 16.12% 12.45% 6.63%
Cost Of Revenue $1.204B $4.815B $1.045B
YoY Change 15.22% 11.98% 4.4%
Gross Profit $396.0M $1.569B $319.0M
YoY Change 24.14% 13.94% 7.77%
Gross Profit Margin 24.66% 24.58% 23.07%
Selling, General & Admin $160.0M $614.0M $157.0M
YoY Change 1.91% 6.23% 15.44%
% of Gross Profit 40.4% 39.13% 49.22%
Research & Development $21.00M $85.00M $22.00M
YoY Change -4.55% 3.66% 10.0%
% of Gross Profit 5.3% 5.42% 6.9%
Depreciation & Amortization $102.0M $371.0M $101.0M
YoY Change 0.99% 8.16% 32.89%
% of Gross Profit 25.76% 23.65% 31.66%
Operating Expenses $180.0M $772.0M $184.0M
YoY Change -2.17% 13.53% 15.0%
Operating Profit $216.0M $797.0M $135.0M
YoY Change 60.0% 14.35% -0.74%
Interest Expense -$24.00M $107.0M -$25.00M
YoY Change -4.0% -0.93% -225.0%
% of Operating Profit -11.11% 13.43% -18.52%
Other Income/Expense, Net -$60.00M -$60.00M
YoY Change
Pretax Income $124.0M $342.0M $108.0M
YoY Change 14.81% 21.71% -8.47%
Income Tax $127.0M $269.0M $16.00M
% Of Pretax Income 102.42% 78.65% 14.81%
Net Earnings -$4.000M $289.0M $86.00M
YoY Change -104.65% -26.46% -21.1%
Net Earnings / Revenue -0.25% 4.53% 6.22%
Basic Earnings Per Share -$0.04 $2.59 $0.77
Diluted Earnings Per Share -$0.04 $2.55 $0.76
COMMON SHARES
Basic Shares Outstanding 111.2M shares 111.5M shares 113.3M shares
Diluted Shares Outstanding 113.2M shares

Balance Sheet

Concept 2017 Q4 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $246.0M $246.0M $112.0M
YoY Change 119.64% 119.64% 16.67%
Cash & Equivalents $246.0M $246.0M $112.0M
Short-Term Investments
Other Short-Term Assets $80.00M $92.00M $74.00M
YoY Change 8.11% 6.98% 57.45%
Inventory $841.0M $841.0M $710.0M
Prepaid Expenses
Receivables $806.0M $806.0M $678.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.985B $1.985B $1.586B
YoY Change 25.16% 25.16% 5.17%
LONG-TERM ASSETS
Property, Plant & Equipment $3.425B $3.425B $3.112B
YoY Change 10.06% 10.06% 5.28%
Goodwill $1.507B $1.336B
YoY Change 12.8% 14.48%
Intangibles $1.360B $1.138B
YoY Change 19.51% 13.91%
Long-Term Investments $0.00
YoY Change
Other Assets $211.0M $355.0M $194.0M
YoY Change 8.76% -37.61% -4.9%
Total Long-Term Assets $6.647B $6.647B $6.155B
YoY Change 7.99% 7.99% 5.79%
TOTAL ASSETS
Total Short-Term Assets $1.985B $1.985B $1.586B
Total Long-Term Assets $6.647B $6.647B $6.155B
Total Assets $8.632B $8.632B $7.741B
YoY Change 11.51% 11.51% 5.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $834.0M $834.0M $615.0M
YoY Change 35.61% 35.61% 14.95%
Accrued Expenses $394.0M $298.0M
YoY Change 32.21%
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $1.000M $1.000M
YoY Change 0.0% -83.33%
Long-Term Debt Due $4.000M $4.000M $3.000M
YoY Change 33.33% 33.33% -98.16%
Total Short-Term Liabilities $1.282B $1.282B $963.0M
YoY Change 33.13% 33.13% -9.41%
LONG-TERM LIABILITIES
Long-Term Debt $2.405B $2.405B $2.099B
YoY Change 14.58% 14.47% 23.33%
Other Long-Term Liabilities $223.0M $704.0M $164.0M
YoY Change 35.98% -6.38% 19.71%
Total Long-Term Liabilities $2.628B $3.109B $2.263B
YoY Change 16.13% 8.97% 23.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.282B $1.282B $963.0M
Total Long-Term Liabilities $2.628B $3.109B $2.263B
Total Liabilities $3.910B $4.470B $3.226B
YoY Change 21.2% 14.85% 11.16%
SHAREHOLDERS EQUITY
Retained Earnings $1.575B $1.377B
YoY Change 14.38% 30.52%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $911.0M $803.0M
YoY Change 13.45% 31.21%
Treasury Stock Shares 24.00M shares 22.80M shares
Shareholders Equity $4.162B $4.162B $3.849B
YoY Change
Total Liabilities & Shareholders Equity $8.632B $8.632B $7.741B
YoY Change 11.51% 11.51% 5.66%

Cashflow Statement

Concept 2017 Q4 2017 2016 Q4
OPERATING ACTIVITIES
Net Income -$4.000M $289.0M $86.00M
YoY Change -104.65% -26.46% -21.1%
Depreciation, Depletion And Amortization $102.0M $371.0M $101.0M
YoY Change 0.99% 8.16% 32.89%
Cash From Operating Activities $322.0M $1.016B $264.0M
YoY Change 21.97% 7.74% -20.48%
INVESTING ACTIVITIES
Capital Expenditures -$88.00M -$337.0M -$92.00M
YoY Change -4.35% -9.65% -27.56%
Acquisitions $570.0M
YoY Change 26.11%
Other Investing Activities -$3.000M $0.00 $6.000M
YoY Change -150.0% -100.0% -71.43%
Cash From Investing Activities -$91.00M -$901.0M -$86.00M
YoY Change 5.81% 10.55% -18.87%
FINANCING ACTIVITIES
Cash Dividend Paid $89.00M
YoY Change 9.88%
Common Stock Issuance & Retirement, Net $159.0M
YoY Change -35.63%
Debt Paid & Issued, Net $351.0M
YoY Change 115.34%
Cash From Financing Activities -151.0M $3.000M -151.0M
YoY Change 0.0% -103.41% -18.82%
NET CHANGE
Cash From Operating Activities 322.0M $1.016B 264.0M
Cash From Investing Activities -91.00M -$901.0M -86.00M
Cash From Financing Activities -151.0M $3.000M -151.0M
Net Change In Cash 80.00M $135.0M 27.00M
YoY Change 196.3% 513.64% -32.5%
FREE CASH FLOW
Cash From Operating Activities $322.0M $1.016B $264.0M
Capital Expenditures -$88.00M -$337.0M -$92.00M
Free Cash Flow $410.0M $1.353B $356.0M
YoY Change 15.17% 2.81% -22.44%

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CY2017Q4 us-gaap Deferred Revenue
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48000000 USD
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CY2017Q4 us-gaap Deferred Tax Liabilities
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330000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense
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340000000 USD
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300000000 USD
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23000000 USD
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0.90
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0.49
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1.19
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0.97
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0.76
CY2016 us-gaap Earnings Per Share Diluted
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3.41
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0.89
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0.85
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0.85
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CY2017 us-gaap Earnings Per Share Diluted
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2.55
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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17000000 USD
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0.27
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0.32
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0.48
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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-0.16
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-0.03
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0.03
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0.01
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-0.09
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0.02
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-0.04
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.05
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0.00
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-0.02
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0.01
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.02
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.00
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0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.29
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
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0.04
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
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0.02
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
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CY2017Q4 us-gaap Environmental Exit Costs Costs Accrued To Date
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17000000 USD
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220000000 USD
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453000000 USD
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590000000 USD
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559000000 USD
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251000000 USD
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35000000 USD
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35000000 USD
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214000000 USD
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309000000 USD
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11000000 USD
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11000000 USD
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3000000 USD
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1000000 USD
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120000000 USD
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73000000 USD
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65000000 USD
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16000000 USD
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188000000 USD
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43000000 USD
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67000000 USD
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32000000 USD
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127000000 USD
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269000000 USD
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33000000 USD
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69000000 USD
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28000000 USD
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25000000 USD
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57000000 USD
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19000000 USD
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4000000 USD
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10000000 USD
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71000000 USD
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66000000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
400000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
200000 shares
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106000000 USD
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52000000 USD
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88000000 USD
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IncrementalCommonSharesAttributableToCallOptionsAndWarrants
200000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
600000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
800000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
1500000 shares
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1138000000 USD
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1360000000 USD
CY2015 us-gaap Interest Expense
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100000000 USD
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108000000 USD
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107000000 USD
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113000000 USD
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118000000 USD
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11000000 USD
CY2017Q4 us-gaap Interest Payable Current
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22000000 USD
CY2016Q4 us-gaap Inventory Finished Goods
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482000000 USD
CY2017Q4 us-gaap Inventory Finished Goods
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562000000 USD
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710000000 USD
CY2017Q4 us-gaap Inventory Net
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6000 shares
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105100 shares
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11350 shares
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3250 shares
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31.04
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.09
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.14
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.17
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
29.75
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.90
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
32.79
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
41.89
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
30.00
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
38.09
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
38.50
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
452150 shares
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
518725 shares
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
37.10
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y09M3D
CY2017Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
37.17
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y11M5D
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1000000 USD
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1000000 USD
CY2016Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.054
CY2017Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.067
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
691375 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
960570 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
453425 shares
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27000000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
37000000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
29000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3849000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
4162000000 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
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3889000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4204000000 USD
CY2016 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
2000000 USD
CY2017 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
1000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
22800000 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
24000000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
803000000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
911000000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
140000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
248000000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
156000000 USD
CY2017Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
2100000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
106000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
84000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
98000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
18000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
5000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
11000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
7000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
12000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
19000000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
13000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-24000000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
118200000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118200000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115400000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
115400000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113200000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117200000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114400000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111500000 shares
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> Consolidated Financial Statements and Notes to the Consolidated Financial Statements to conform to the classifications used in </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2017 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;text-align:justify;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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