2018 Form 10-K Financial Statement

#000137094619000012 Filed on February 20, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $7.057B $1.606B $1.703B
YoY Change 10.54% 16.12% 12.19%
Cost Of Revenue $5.425B $1.204B $1.280B
YoY Change 12.67% 15.22% 11.89%
Gross Profit $1.632B $396.0M $423.0M
YoY Change 4.02% 24.14% 13.1%
Gross Profit Margin 23.13% 24.66% 24.84%
Selling, General & Admin $693.0M $160.0M $159.0M
YoY Change 12.87% 1.91% 12.77%
% of Gross Profit 42.46% 40.4% 37.59%
Research & Development $89.00M $21.00M $22.00M
YoY Change 4.71% -4.55% 10.0%
% of Gross Profit 5.45% 5.3% 5.2%
Depreciation & Amortization $433.0M $102.0M $101.0M
YoY Change 16.71% 0.99% 20.24%
% of Gross Profit 26.53% 25.76% 23.88%
Operating Expenses $825.0M $180.0M $200.0M
YoY Change 6.87% -2.17% 19.76%
Operating Profit $807.0M $216.0M $223.0M
YoY Change 1.25% 60.0% 7.73%
Interest Expense $117.0M -$24.00M $28.00M
YoY Change 9.35% -4.0% 0.0%
% of Operating Profit 14.5% -11.11% 12.56%
Other Income/Expense, Net $14.00M -$60.00M $4.000M
YoY Change -123.33%
Pretax Income $411.0M $124.0M $128.0M
YoY Change 20.18% 14.81% -28.09%
Income Tax $156.0M $127.0M $32.00M
% Of Pretax Income 37.96% 102.42% 25.0%
Net Earnings $545.0M -$4.000M $96.00M
YoY Change 88.58% -104.65% -14.29%
Net Earnings / Revenue 7.72% -0.25% 5.64%
Basic Earnings Per Share $4.94 -$0.04 $0.86
Diluted Earnings Per Share $4.89 -$0.04 $0.85
COMMON SHARES
Basic Shares Outstanding 110.4M shares 111.2M shares 111.0M shares
Diluted Shares Outstanding 111.4M shares 112.7M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.00M $246.0M $168.0M
YoY Change -68.29% 119.64% 52.73%
Cash & Equivalents $78.00M $246.0M $168.0M
Short-Term Investments
Other Short-Term Assets $76.00M $80.00M $74.00M
YoY Change -17.39% 8.11% 37.04%
Inventory $1.072B $841.0M $793.0M
Prepaid Expenses
Receivables $794.0M $806.0M $916.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.020B $1.985B $1.963B
YoY Change 1.76% 25.16% 15.33%
LONG-TERM ASSETS
Property, Plant & Equipment $3.811B $3.425B $3.314B
YoY Change 11.27% 10.06% 7.25%
Goodwill $1.507B $1.513B
YoY Change 12.8% 13.08%
Intangibles $1.360B $1.367B
YoY Change 19.51% 19.28%
Long-Term Investments
YoY Change
Other Assets $212.0M $211.0M $202.0M
YoY Change -40.28% 8.76% -12.55%
Total Long-Term Assets $7.751B $6.647B $6.693B
YoY Change 16.61% 7.99% 8.41%
TOTAL ASSETS
Total Short-Term Assets $2.020B $1.985B $1.963B
Total Long-Term Assets $7.751B $6.647B $6.693B
Total Assets $9.771B $8.632B $8.656B
YoY Change 13.2% 11.51% 9.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $842.0M $834.0M $1.179B
YoY Change 0.96% 35.61% 18.14%
Accrued Expenses $427.0M
YoY Change 8.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.000M $2.000M
YoY Change -100.0% 0.0% 100.0%
Long-Term Debt Due $4.000M $3.000M
YoY Change 33.33% 0.0%
Total Short-Term Liabilities $1.278B $1.282B $1.185B
YoY Change -0.31% 33.13% 18.15%
LONG-TERM LIABILITIES
Long-Term Debt $3.362B $2.405B $2.539B
YoY Change 39.79% 14.58% 17.55%
Other Long-Term Liabilities $666.0M $223.0M $198.0M
YoY Change -5.4% 35.98% 8.79%
Total Long-Term Liabilities $4.028B $2.628B $2.737B
YoY Change 29.56% 16.13% 16.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.278B $1.282B $1.185B
Total Long-Term Liabilities $4.028B $2.628B $2.737B
Total Liabilities $5.488B $3.910B $3.922B
YoY Change 22.77% 21.2% 17.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.575B $1.603B
YoY Change 14.38% 23.4%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $911.0M $920.0M
YoY Change 13.45% 22.99%
Treasury Stock Shares 24.00M shares 24.30M shares
Shareholders Equity $4.283B $4.162B $4.074B
YoY Change
Total Liabilities & Shareholders Equity $9.771B $8.632B $8.656B
YoY Change 13.2% 11.51% 9.9%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $545.0M -$4.000M $96.00M
YoY Change 88.58% -104.65% -14.29%
Depreciation, Depletion And Amortization $433.0M $102.0M $101.0M
YoY Change 16.71% 0.99% 20.24%
Cash From Operating Activities $803.0M $322.0M $302.0M
YoY Change -20.96% 21.97% -14.45%
INVESTING ACTIVITIES
Capital Expenditures -$537.0M -$88.00M -$79.00M
YoY Change 59.35% -4.35% -15.96%
Acquisitions $1.143B
YoY Change 100.53%
Other Investing Activities $0.00 -$3.000M -$6.000M
YoY Change -150.0%
Cash From Investing Activities -$1.589B -$91.00M -$85.00M
YoY Change 76.36% 5.81% -9.57%
FINANCING ACTIVITIES
Cash Dividend Paid $92.00M
YoY Change 3.37%
Common Stock Issuance & Retirement, Net $236.0M
YoY Change 48.43%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $647.0M -151.0M -258.0M
YoY Change 21466.67% 0.0% 19.44%
NET CHANGE
Cash From Operating Activities $803.0M 322.0M 302.0M
Cash From Investing Activities -$1.589B -91.00M -85.00M
Cash From Financing Activities $647.0M -151.0M -258.0M
Net Change In Cash -$168.0M 80.00M -41.00M
YoY Change -224.44% 196.3% -195.35%
FREE CASH FLOW
Cash From Operating Activities $803.0M $322.0M $302.0M
Capital Expenditures -$537.0M -$88.00M -$79.00M
Free Cash Flow $1.340B $410.0M $381.0M
YoY Change -0.96% 15.17% -14.77%

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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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DeferredTaxAssetsGross
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CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2017Q4 us-gaap Deferred Tax Assets Net
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CY2018Q4 us-gaap Deferred Tax Assets Net
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CY2017Q4 us-gaap Deferred Tax Assets Net Noncurrent
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CY2018Q4 us-gaap Deferred Tax Assets Net Noncurrent
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43000000 USD
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DeferredTaxAssetsOperatingLossCarryforwards
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CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
255000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
161000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
37000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
3000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
3000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
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69000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
61000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
161000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
30000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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48000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
66000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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92000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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87000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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94000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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78000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
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548000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities
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654000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense
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234000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
259000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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314000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
395000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
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37000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
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141000000 USD
CY2017Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
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256000000 USD
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
268000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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83000000 USD
CY2016 us-gaap Depreciation
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318000000 USD
CY2017 us-gaap Depreciation
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340000000 USD
CY2018 us-gaap Depreciation
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384000000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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343000000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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371000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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433000000 USD
CY2017 us-gaap Derivative Nonmonetary Notional Amount Energy Measure
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5 MMBTU
CY2018 us-gaap Derivative Nonmonetary Notional Amount Energy Measure
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CY2016 us-gaap Dividends
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CY2017 us-gaap Dividends
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93000000 USD
CY2018 us-gaap Dividends
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3.44
CY2017Q1 us-gaap Earnings Per Share Basic
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0.86
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CY2017 us-gaap Earnings Per Share Basic
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2.59
CY2018Q1 us-gaap Earnings Per Share Basic
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0.83
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1.09
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1.46
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1.56
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4.94
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3.41
CY2017Q1 us-gaap Earnings Per Share Diluted
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0.89
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EarningsPerShareDiluted
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
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0.82
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EarningsPerShareDiluted
1.08
CY2018Q3 us-gaap Earnings Per Share Diluted
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1.45
CY2018Q4 us-gaap Earnings Per Share Diluted
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1.55
CY2018 us-gaap Earnings Per Share Diluted
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4.89
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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17000000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.32
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.48
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0.22
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.03
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.03
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.09
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.00
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-0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.02
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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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
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.29
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.00
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
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.49
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.02
CY2018Q4 us-gaap Environmental Exit Costs Costs Accrued To Date
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16000000 USD
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0 USD
CY2017 us-gaap Environmental Expense And Liabilities
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15000000 USD
CY2018 us-gaap Environmental Expense And Liabilities
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CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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251000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
300000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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51000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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42000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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46000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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50000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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51000000 USD
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CY2018Q4 us-gaap Finite Lived Intangible Assets Net
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CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2017Q2 us-gaap Gross Profit
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CY2018Q3 us-gaap Gross Profit
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CY2018Q4 us-gaap Gross Profit
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CY2017Q3 us-gaap Gross Profit
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423000000 USD
CY2017Q4 us-gaap Gross Profit
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CY2017 us-gaap Gross Profit
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CY2018Q1 us-gaap Gross Profit
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355000000 USD
CY2018Q2 us-gaap Gross Profit
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CY2018 us-gaap Gross Profit
GrossProfit
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281000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
342000000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
411000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
309000000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
217000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
293000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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590000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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559000000 USD
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704000000 USD
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-3000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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11000000 USD
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11000000 USD
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10000000 USD
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1000000 USD
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1000000 USD
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188000000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
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43000000 USD
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IncomeTaxExpenseBenefit
67000000 USD
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32000000 USD
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
127000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
269000000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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11000000 USD
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49000000 USD
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67000000 USD
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29000000 USD
CY2018 us-gaap Income Tax Expense Benefit
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156000000 USD
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69000000 USD
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67000000 USD
CY2018 us-gaap Income Taxes Paid
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91000000 USD
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25000000 USD
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187000000 USD
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57000000 USD
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216000000 USD
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4000000 USD
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10000000 USD
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1360000000 USD
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1779000000 USD
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108000000 USD
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107000000 USD
CY2018 us-gaap Interest Expense
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117000000 USD
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118000000 USD
CY2017 us-gaap Interest Paid
InterestPaid
106000000 USD
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-18000000 USD
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-18000000 USD
CY2018 us-gaap Increase Decrease In Postretirement Obligations
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-19000000 USD
CY2016 us-gaap Increase Decrease In Receivables
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-55000000 USD
CY2017 us-gaap Increase Decrease In Receivables
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66000000 USD
CY2018 us-gaap Increase Decrease In Receivables
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CY2016 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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200000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
200000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
200000 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
CY2018 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
800000 shares
CY2018 us-gaap Interest Paid
InterestPaid
158000000 USD
CY2017Q4 us-gaap Inventory Finished Goods
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562000000 USD
CY2018Q4 us-gaap Inventory Finished Goods
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730000000 USD
CY2017Q4 us-gaap Inventory Net
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841000000 USD
CY2018Q4 us-gaap Inventory Net
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1072000000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
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279000000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
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342000000 USD
CY2016 us-gaap Inventory Write Down
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10000000 USD
CY2017 us-gaap Inventory Write Down
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5000000 USD
CY2018 us-gaap Inventory Write Down
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2000000 USD
CY2017Q4 us-gaap Investments In And Advances To Affiliates Balance Principal Amount
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52000000 USD
CY2018Q4 us-gaap Investments In And Advances To Affiliates Balance Principal Amount
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51000000 USD
CY2016 us-gaap Lease And Rental Expense
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79000000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
87000000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
106000000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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8632000000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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9771000000 USD
CY2017Q4 us-gaap Liabilities Current
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1282000000 USD
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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800000000 USD
CY2017Q4 us-gaap Long Term Debt
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2409000000 USD
CY2018Q4 us-gaap Long Term Debt
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3371000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
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2405000000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
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3362000000 USD
CY2017Q4 us-gaap Long Term Debt Current
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4000000 USD
CY2018Q4 us-gaap Long Term Debt Current
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9000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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2217000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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11000000 USD
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441000000 USD
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142000000 USD
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108000000 USD
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120000000 USD
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211000000 USD
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697000000 USD
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83000000 USD
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18000000 USD
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31000000 USD
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47000000 USD
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64000000 USD
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27000000 USD
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179000000 USD
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227000000 USD
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80000000 USD
CY2018Q4 us-gaap Other Assets Current
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73000000 USD
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169000000 USD
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10000000 USD
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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19000000 USD
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7000000 USD
CY2017 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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105000000 USD
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7000000 USD
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2000000 USD
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101000000 USD
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CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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15000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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15000000 USD
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6000000 USD
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10000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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19000000 USD
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4000000 USD
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190000000 USD
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18000000 USD
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225000000 USD
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0 USD
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236000000 USD
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203000000 USD
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18000000 USD
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81000000 USD
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89000000 USD
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92000000 USD
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452000000 USD
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570000000 USD
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373000000 USD
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337000000 USD
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537000000 USD
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60000000 USD
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64000000 USD
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0.01
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10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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0 USD
CY2018Q4 us-gaap Preferred Stock Value
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4000000 USD
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3000000 USD
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64000000 USD
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395000000 USD
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588000000 USD
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389000000 USD
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300000000 USD
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600000000 USD
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669000000 USD
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1133000000 USD
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1954000000 USD
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14000000 USD
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13000000 USD
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1000000 USD
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15000000 USD
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18000000 USD
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20000000 USD
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399000000 USD
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290000000 USD
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547000000 USD
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414000000 USD
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402000000 USD
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542000000 USD
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16000000 USD
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52000000 USD
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55000000 USD
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60000000 USD
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15000000 USD
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3425000000 USD
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3811000000 USD
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806000000 USD
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794000000 USD
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163000000 USD
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351000000 USD
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0 USD
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669000000 USD
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1133000000 USD
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1879000000 USD
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300000000 USD
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0 USD
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100000000 USD
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82000000 USD
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85000000 USD
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89000000 USD
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68000000 USD
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28000000 USD
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48000000 USD
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22000000 USD
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22000000 USD
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20000000 USD
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17000000 USD
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7000000 USD
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1575000000 USD
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2013000000 USD
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5677000000 USD
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1478000000 USD
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7057000000 USD
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2000000 USD
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0 shares
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975400 shares
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518725 shares
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5677000000 USD
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478875 shares
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31.09
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1597000000 USD
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1703000000 USD
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1606000000 USD
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6384000000 USD
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1691000000 USD
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1824000000 USD
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1818000000 USD
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1724000000 USD
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6384000000 USD
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7057000000 USD
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41000000 USD
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44000000 USD
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47000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
6000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11350 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3250 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
750 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
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
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.18
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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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
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
37.05
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
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
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
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
37.65
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
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
478875 shares
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
478875 shares
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
37.18
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
248000000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
156000000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
236000000 USD
CY2018Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1400000000 USD
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
453425 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
39100 shares
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
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
14000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
4162000000 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
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
84000000 USD
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
37.18
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1000000 USD
CY2017Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.067
CY2018Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.030
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
960570 shares
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
4283000000 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
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4324000000 USD
CY2017 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
1000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
24000000 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
26000000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
911000000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1103000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
2000000 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
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
37000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
32000000 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
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
5000000 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
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6000000 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
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
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
36000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
65000000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
115400000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
113200000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115400000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113200000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111400000 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
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110400000 shares
CY2018 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;">2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</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;">2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2018 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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