2015 Q3 Form 10-K Financial Statement

#000077515816000405 Filed on November 22, 2016

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2015 Q1
Revenue $1.578B $1.612B $1.554B
YoY Change -5.36% -16.56% -7.37%
Cost Of Revenue $1.329B $1.328B $1.278B
YoY Change -3.6% -16.22% -7.81%
Gross Profit $249.7M $284.0M $275.8M
YoY Change -13.75% -18.13% -5.29%
Gross Profit Margin 15.82% 17.61% 17.75%
Selling, General & Admin $149.9M $134.2M $152.8M
YoY Change -7.87% -15.44% -3.29%
% of Gross Profit 60.03% 47.25% 55.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.40M $16.10M $16.20M
YoY Change -3.8% -5.29% 4.52%
% of Gross Profit 12.17% 5.67% 5.87%
Operating Expenses $163.1M $147.4M $166.1M
YoY Change -7.54% -14.6% -3.32%
Operating Profit $86.60M $136.6M $109.7M
YoY Change -23.43% -21.63% -8.12%
Interest Expense -$9.200M -$12.80M -$22.80M
YoY Change -23.33% 0.0% -9.16%
% of Operating Profit -10.62% -9.37% -20.78%
Other Income/Expense, Net -$8.700M -$200.0K $1.300M
YoY Change 180.65% -125.0% 160.0%
Pretax Income $68.70M $123.8M $82.80M
YoY Change -29.9% -23.3% -11.35%
Income Tax $18.70M $34.80M $29.50M
% Of Pretax Income 27.22% 28.11% 35.63%
Net Earnings $50.30M $89.90M $54.60M
YoY Change -35.35% -14.46% -23.64%
Net Earnings / Revenue 3.19% 5.58% 3.51%
Basic Earnings Per Share $0.65 $1.15 $0.70
Diluted Earnings Per Share $0.64 $1.13 $0.69
COMMON SHARES
Basic Shares Outstanding 78.32M shares 78.12M shares 78.01M shares
Diluted Shares Outstanding 79.18M shares 78.99M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.90M $46.20M $53.40M
YoY Change -86.33% -91.21% -87.29%
Cash & Equivalents $42.90M $46.20M $53.40M
Short-Term Investments
Other Short-Term Assets $67.90M $43.80M $43.90M
YoY Change 48.58% 26.22% 38.92%
Inventory $1.302B $1.352B $1.197B
Prepaid Expenses
Receivables $964.6M $1.012B $993.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.377B $2.544B $2.376B
YoY Change -0.3% -2.67% -4.09%
LONG-TERM ASSETS
Property, Plant & Equipment $475.8M $455.7M $444.9M
YoY Change 17.34% 22.04% 20.44%
Goodwill $1.001B $1.002B $993.0M
YoY Change -2.38% -4.0% -4.91%
Intangibles $606.7M $619.6M $628.5M
YoY Change -7.78% -8.0% -8.57%
Long-Term Investments $16.20M $16.60M $18.20M
YoY Change -23.22% -25.23% -19.82%
Other Assets $92.00M $91.30M $94.90M
YoY Change -0.43% 7.92% 15.03%
Total Long-Term Assets $2.176B $2.185B $2.180B
YoY Change -1.22% -0.56% -1.21%
TOTAL ASSETS
Total Short-Term Assets $2.377B $2.544B $2.376B
Total Long-Term Assets $2.176B $2.185B $2.180B
Total Assets $4.553B $4.729B $4.556B
YoY Change -0.74% -1.71% -2.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $552.8M $640.5M $601.8M
YoY Change -5.78% 8.03% -1.05%
Accrued Expenses $116.6M $191.3M $201.7M
YoY Change -51.09% -17.22% -5.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $20.00M $20.00M
YoY Change 0.0% 0.0% 33.33%
Total Short-Term Liabilities $1.458B $1.465B $1.382B
YoY Change 11.17% 9.53% 5.12%
LONG-TERM LIABILITIES
Long-Term Debt $844.3M $860.0M $865.0M
YoY Change -3.51% -2.27% -2.26%
Other Long-Term Liabilities $297.1M $285.0M $291.6M
YoY Change 2.41% 6.98% 15.12%
Total Long-Term Liabilities $1.141B $1.145B $1.157B
YoY Change -2.03% -0.12% 1.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.458B $1.465B $1.382B
Total Long-Term Liabilities $1.141B $1.145B $1.157B
Total Liabilities $2.600B $2.610B $2.538B
YoY Change 4.96% 5.08% 3.49%
SHAREHOLDERS EQUITY
Retained Earnings $2.017B $1.979B $1.903B
YoY Change 9.59% 11.52% 13.09%
Common Stock $772.4M $771.7M $766.2M
YoY Change 1.78% 2.63% 3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $733.4M $622.3M $626.0M
YoY Change 34.62% 112.24% 106.26%
Treasury Stock Shares 16.65M shares 13.78M shares 13.91M shares
Shareholders Equity $1.911B $1.998B $1.898B
YoY Change
Total Liabilities & Shareholders Equity $4.553B $4.729B $4.556B
YoY Change -0.74% -1.71% -2.73%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income $50.30M $89.90M $54.60M
YoY Change -35.35% -14.46% -23.64%
Depreciation, Depletion And Amortization $30.40M $16.10M $16.20M
YoY Change -3.8% -5.29% 4.52%
Cash From Operating Activities $119.1M $34.10M -$18.40M
YoY Change 17.92% -72.43% -68.81%
INVESTING ACTIVITIES
Capital Expenditures -$38.20M -$34.50M -$33.10M
YoY Change -29.78% 49.35% 40.25%
Acquisitions
YoY Change
Other Investing Activities $1.900M $4.100M $9.900M
YoY Change -74.67% 86.36% 330.43%
Cash From Investing Activities -$36.30M -$30.40M -$23.20M
YoY Change -22.6% 45.45% 8.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -85.90M -8.000M -18.70M
YoY Change -67.89% -335.29% -67.98%
NET CHANGE
Cash From Operating Activities 119.1M 34.10M -18.40M
Cash From Investing Activities -36.30M -30.40M -23.20M
Cash From Financing Activities -85.90M -8.000M -18.70M
Net Change In Cash -3.100M -4.300M -60.30M
YoY Change -98.55% -104.05% -56.52%
FREE CASH FLOW
Cash From Operating Activities $119.1M $34.10M -$18.40M
Capital Expenditures -$38.20M -$34.50M -$33.10M
Free Cash Flow $157.3M $68.60M $14.70M
YoY Change 1.22% -53.27% -141.53%

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CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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50900000 USD
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25000000 USD
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18700000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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CY2016 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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AdvertisingExpense
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100000 USD
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3000000 USD
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55300000 USD
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53200000 USD
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52500000 USD
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CY2015 us-gaap Asset Impairment Charges
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CY2016Q3 us-gaap Assets
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20500000 USD
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CY2016Q3 us-gaap Commitments And Contingencies
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CurrentForeignTaxExpenseBenefit
14700000 USD
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1500000 USD
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2600000 USD
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CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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6300000 USD
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25100000 USD
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27000000 USD
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8600000 USD
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33500000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities
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9000000 USD
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15500000 USD
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178300000 USD
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167000000 USD
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42100000 USD
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11300000 USD
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4700000 USD
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2500000 USD
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38200000 USD
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31900000 USD
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33400000 USD
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35600000 USD
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126800000 USD
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124500000 USD
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128800000 USD
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3300000 USD
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13000000 USD
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50700000 USD
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53100000 USD
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55900000 USD
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1.15
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0.20
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1.15
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0.83
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2.94
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3.61
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0.43
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0.69
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1.13
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0.64
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2.90
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0.76
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1.13
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0.19
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0.82
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2.91
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700000 USD
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6300000 USD
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0.290
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0.304
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0.301
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35000000000000003
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
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-0.024
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.004
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-0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.022
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.028
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.030
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.014
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.024
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.017
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.006
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.016
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.005
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.025
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.013
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.013
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.015
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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-0.023
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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-0.026
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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0.001
CY2015Q3 us-gaap Employee Related Liabilities Current
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116600000 USD
CY2016Q3 us-gaap Employee Related Liabilities Current
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147900000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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10000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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7900000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8400000 USD
CY2015Q3 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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78200000 USD
CY2016Q3 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
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78300000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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6200000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4000000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2000000 USD
CY2015Q3 us-gaap Extended Product Warranty Accrual
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15200000 USD
CY2016Q3 us-gaap Extended Product Warranty Accrual
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30400000 USD
CY2015 us-gaap Extended Product Warranty Accrual Warranties Issued
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13000000 USD
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ExtendedProductWarrantyAccrualWarrantiesIssued
14800000 USD
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1392800000 USD
CY2016Q3 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
1075900000 USD
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FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareInvestmentRedemptionFrequency
N/A
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FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareInvestmentRedemptionNoticePeriod1
P0Y0M15D
CY2016Q3 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
0 USD
CY2015 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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2200000 USD
CY2016 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1900000 USD
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564500000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
618000000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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45800000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5300000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11000000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
36900000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
38300000 USD
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783400000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
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783800000 USD
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218900000 USD
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165800000 USD
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-4500000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-1200000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
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3500000 USD
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9300000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
19100000 USD
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CY2015Q3 us-gaap Goodwill
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1001100000 USD
CY2016Q3 us-gaap Goodwill
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1003500000 USD
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-27400000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
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2400000 USD
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2111100000 USD
CY2016Q3 us-gaap Goodwill Gross
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2113500000 USD
CY2015Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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1110000000 USD
CY2016Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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1110000000 USD
CY2015 us-gaap Goodwill Other Increase Decrease
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3000000 USD
CY2015Q3 us-gaap Government Contract Receivable
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129900000 USD
CY2016Q3 us-gaap Government Contract Receivable
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104300000 USD
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66800000 USD
CY2016Q3 us-gaap Government Contract Receivable Unbilled Amounts
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55300000 USD
CY2014 us-gaap Gross Profit
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1182700000 USD
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229700000 USD
CY2015Q1 us-gaap Gross Profit
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275800000 USD
CY2015Q2 us-gaap Gross Profit
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284000000 USD
CY2015Q3 us-gaap Gross Profit
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249700000 USD
CY2015 us-gaap Gross Profit
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1039200000 USD
CY2015Q4 us-gaap Gross Profit
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182800000 USD
CY2016 us-gaap Gross Profit
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1055800000 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
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1600000 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
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26900000 USD
CY2016Q1 us-gaap Gross Profit
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259300000 USD
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314600000 USD
CY2016Q3 us-gaap Gross Profit
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299100000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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373100000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
316400000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
277100000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
58800000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
9700000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
29900000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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431900000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
326100000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
307000000 USD
CY2014 us-gaap Income Tax Expense Benefit
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125000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
99200000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
92400000 USD
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61900000 USD
CY2015 us-gaap Income Taxes Paid Net
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89900000 USD
CY2016 us-gaap Income Taxes Paid Net
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116800000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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62400000 USD
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-28700000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
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-87600000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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74300000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
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17600000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-14000000 USD
CY2014 us-gaap Increase Decrease In Customer Advances
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15800000 USD
CY2015 us-gaap Increase Decrease In Customer Advances
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130100000 USD
CY2016 us-gaap Increase Decrease In Customer Advances
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31600000 USD
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
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-4800000 USD
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
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CY2016 us-gaap Increase Decrease In Employee Related Liabilities
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25000000 USD
CY2014 us-gaap Increase Decrease In Inventories
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153400000 USD
CY2015 us-gaap Increase Decrease In Inventories
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378800000 USD
CY2016 us-gaap Increase Decrease In Inventories
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CY2014 us-gaap Increase Decrease In Operating Capital
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272900000 USD
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295900000 USD
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6800000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
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1700000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
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19000000 USD
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10600000 USD
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10800000 USD
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195600000 USD
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13900000 USD
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39600000 USD
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206601 shares
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110317 shares
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IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
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1540287 shares
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1101303 shares
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862898 shares
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387800000 USD
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387700000 USD
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1171200000 USD
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1171500000 USD
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553500000 USD
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71400000 USD
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70100000 USD
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60400000 USD
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56000000 USD
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51000000 USD
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54700000 USD
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594400000 USD
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286900000 USD
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1301700000 USD
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532100000 USD
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481200000 USD
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266300000 USD
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307800000 USD
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2000000 USD
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2500000 USD
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2100000 USD
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16200000 USD
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14900000 USD
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4552700000 USD
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4513800000 USD
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1458100000 USD
CY2016Q3 us-gaap Liabilities Current
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1367600000 USD
CY2015Q3 us-gaap Line Of Credit
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63500000 USD
CY2016Q3 us-gaap Line Of Credit
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0 USD
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22000000 USD
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25300000 USD
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864300000 USD
CY2016Q3 us-gaap Long Term Debt
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20000000 USD
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20000000 USD
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1200000 USD
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1200000 USD
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1200000 USD
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170400000 USD
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82500000 USD
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577700000 USD
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308100000 USD
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34600000 USD
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54500000 USD
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89700000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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50200000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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229000000 USD
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216400000 USD
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29600000 USD
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36100000 USD
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7400000 USD
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7600000 USD
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4
CY2016 us-gaap Number Of Reportable Segments
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4 segment
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679400000 USD
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640600000 USD
CY2016 us-gaap Operating Expenses
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691800000 USD
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503300000 USD
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65700000 USD
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109700000 USD
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136600000 USD
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86600000 USD
CY2015 us-gaap Operating Income Loss
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398600000 USD
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30300000 USD
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91400000 USD
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146800000 USD
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95500000 USD
CY2016 us-gaap Operating Income Loss
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364000000 USD
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26600000 USD
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6800000 USD
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9000000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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12700000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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19500000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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4300000 USD
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44800000 USD
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45100000 USD
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45000000 USD
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31600000 USD
CY2016Q3 us-gaap Other Assets Miscellaneous Noncurrent
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24400000 USD
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92000000 USD
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87200000 USD
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12400000 USD
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1200000 USD
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14200000 USD
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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100000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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21200000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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2200000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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27500000 USD
CY2015Q3 us-gaap Other Liabilities Current
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265000000 USD
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261800000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
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297100000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
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332200000 USD
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CY2015 us-gaap Other Nonoperating Income Expense
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CY2016 us-gaap Other Nonoperating Income Expense
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1300000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
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7800000 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
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14100000 USD
CY2016 us-gaap Other Operating Activities Cash Flow Statement
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300000 USD
CY2015Q3 us-gaap Other Receivables
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57700000 USD
CY2016Q3 us-gaap Other Receivables
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38600000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
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2700000 USD
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CY2016 us-gaap Payments For Proceeds From Other Investing Activities
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2100000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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403300000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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200400000 USD
CY2016 us-gaap Payments For Restructuring
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19100000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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100100000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
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15500000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2014 us-gaap Payments Of Dividends
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50700000 USD
CY2015 us-gaap Payments Of Dividends
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53100000 USD
CY2016 us-gaap Payments Of Dividends
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55900000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10000000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
32700000 USD
CY2015 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
26300000 USD
CY2016 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
34800000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
124900000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
158000000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
127300000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92200000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
131700000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
92500000 USD
CY2015Q3 us-gaap Percentage Of Lifo Inventory
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0.797
CY2016Q3 us-gaap Percentage Of Lifo Inventory
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0.816
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Preferred Stock Shares Authorized
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2000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
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2000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015Q3 us-gaap Preferred Stock Value
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0 USD
CY2016Q3 us-gaap Preferred Stock Value
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0 USD
CY2014 us-gaap Proceeds From Debt Maturing In More Than Three Months
ProceedsFromDebtMaturingInMoreThanThreeMonths
650000000 USD
CY2015 us-gaap Proceeds From Debt Maturing In More Than Three Months
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375000000 USD
CY2016 us-gaap Proceeds From Debt Maturing In More Than Three Months
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323500000 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
0 USD
CY2015 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
33500000 USD
CY2016 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-33500000 USD
CY2014 us-gaap Proceeds From Sale Of Other Productive Assets
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12800000 USD
CY2015 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
26800000 USD
CY2016 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
40200000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
50900000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8600000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21700000 USD
CY2015 us-gaap Product Warranty Accrual Payments
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9300000 USD
CY2016 us-gaap Product Warranty Accrual Payments
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11300000 USD
CY2014 us-gaap Product Warranty Expense
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42800000 USD
CY2015 us-gaap Product Warranty Expense
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42300000 USD
CY2016 us-gaap Product Warranty Expense
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46800000 USD
CY2014 us-gaap Profit Loss
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309300000 USD
CY2014Q4 us-gaap Profit Loss
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34700000 USD
CY2015Q1 us-gaap Profit Loss
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54600000 USD
CY2016Q2 us-gaap Profit Loss
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84200000 USD
CY2016Q3 us-gaap Profit Loss
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61500000 USD
CY2016 us-gaap Profit Loss
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216400000 USD
CY2015Q3 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
12900000 USD
CY2016Q3 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
17800000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
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1093700000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
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1110600000 USD
CY2015Q2 us-gaap Profit Loss
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89900000 USD
CY2015Q3 us-gaap Profit Loss
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50300000 USD
CY2015 us-gaap Profit Loss
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229500000 USD
CY2015Q4 us-gaap Profit Loss
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14600000 USD
CY2016Q1 us-gaap Profit Loss
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56100000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
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475800000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
452100000 USD
CY2015Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
964600000 USD
CY2016Q3 us-gaap Receivables Net Current
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1021900000 USD
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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400000 USD
CY2015 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1300000 USD
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2100000 USD
CY2014 us-gaap Repayments Of Debt Maturing In More Than Three Months
RepaymentsOfDebtMaturingInMoreThanThreeMonths
710000000 USD
CY2015 us-gaap Repayments Of Debt Maturing In More Than Three Months
RepaymentsOfDebtMaturingInMoreThanThreeMonths
365000000 USD
CY2016 us-gaap Repayments Of Debt Maturing In More Than Three Months
RepaymentsOfDebtMaturingInMoreThanThreeMonths
373500000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
142000000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
147900000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
103100000 USD
CY2016Q3 us-gaap Restructuring And Related Cost Expected Cost1
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3000000 USD
CY2015Q3 us-gaap Restructuring Charges
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2900000 USD
CY2016Q3 us-gaap Restructuring Charges
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27800000 USD
CY2016 us-gaap Restructuring Charges
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27800000 USD
CY2015Q3 us-gaap Restructuring Reserve
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0 USD
CY2016Q3 us-gaap Restructuring Reserve
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900000 USD
CY2016 us-gaap Restructuring Reserve Settled Without Cash2
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26900000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2016500000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
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2177000000 USD
CY2014 us-gaap Sales Revenue Net
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6808200000 USD
CY2014Q4 us-gaap Sales Revenue Net
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1353300000 USD
CY2015Q1 us-gaap Sales Revenue Net
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1554200000 USD
CY2015Q2 us-gaap Sales Revenue Net
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1612300000 USD
CY2015Q3 us-gaap Sales Revenue Net
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1578300000 USD
CY2015 us-gaap Sales Revenue Net
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6098100000 USD
CY2015Q4 us-gaap Sales Revenue Net
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1252000000 USD
CY2016Q1 us-gaap Sales Revenue Net
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1524300000 USD
CY2016Q2 us-gaap Sales Revenue Net
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1747500000 USD
CY2016Q3 us-gaap Sales Revenue Net
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1755400000 USD
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
6279200000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
624100000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
587400000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
612400000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
25000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
21400000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
18700000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5320189 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.55
CY2016Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
2400000 USD
CY2014Q3 us-gaap Standard Product Warranty Accrual
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101900000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
92100000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
89600000 USD
CY2015 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-2000000 USD
CY2016 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-300000 USD
CY2015 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
53800000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
52500000 USD
CY2015 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-2300000 USD
CY2016 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
900000 USD
CY2015 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
44600000 USD
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
45900000 USD
CY2015Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
CY2016Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
7512574 shares
CY2015Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
10299198 shares
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
1911100000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1976500000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2107800000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1985000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1911100000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1976500000 USD
CY2014 us-gaap Stockholders Equity Other
StockholdersEquityOther
-400000 USD
CY2015 us-gaap Stockholders Equity Other
StockholdersEquityOther
-400000 USD
CY2016 us-gaap Stockholders Equity Other
StockholdersEquityOther
-300000 USD
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
16647031 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
18175669 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2786624 shares
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8300000.0 shares
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4900000.0 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2500000.0 shares
CY2015Q3 us-gaap Treasury Stock Value
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733400000 USD
CY2016Q3 us-gaap Treasury Stock Value
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808700000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
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403300000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
200400000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100100000 USD
CY2014 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1200000 USD
CY2014Q4 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
100000 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
200000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
100000 USD
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
500000 USD
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
37000000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
33500000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
27000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
37400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2600000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1100000 USD
CY2015Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
100000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
10100000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
8600000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3000000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
12000000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
10000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1500000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-3000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-1200000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4600000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7600000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5200000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
8400000 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
4500000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1500000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1200000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85457635 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78981418 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74432918 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84123949 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77990432 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73570020 shares
CY2016 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advertising</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Advertising costs are included in selling, general and administrative expense and are expensed as incurred. These expenses totaled </font><font style="font-family:inherit;font-size:10pt;">$21.6&#160;million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$22.1&#160;million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$20.4&#160;million</font><font style="font-family:inherit;font-size:10pt;"> in fiscal&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Operations</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Oshkosh Corporation and its subsidiaries (the &#8220;Company&#8221;) are leading manufacturers of a wide variety of specialty vehicles and vehicle bodies for the Americas and global markets. &#8220;Oshkosh&#8221; refers to Oshkosh Corporation, not including its subsidiaries. The Company sells its products into </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">four</font><font style="font-family:inherit;font-size:10pt;"> principal vehicle markets &#8212; access equipment, defense, fire&#160;&amp; emergency and commercial. The access equipment business is conducted through its wholly-owned subsidiary, JLG Industries,&#160;Inc. and its wholly-owned subsidiaries (JLG) and JerrDan Corporation (JerrDan). JLG holds, along with an unaffiliated third-party, a </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> interest in a joint venture in The Netherlands, RiRent Europe, B.V. (RiRent). The Company's defense business is conducted principally through its wholly-owned subsidiary, Oshkosh Defense, LLC and its wholly-owned subsidiary (Oshkosh Defense). The Company&#8217;s fire&#160;&amp; emergency business is principally conducted through its wholly-owned subsidiaries Pierce Manufacturing Inc. (Pierce), Oshkosh Airport Products, LLC (Airport Products) and Kewaunee Fabrications LLC (Kewaunee). The Company&#8217;s commercial business is principally conducted through its wholly-owned subsidiaries, McNeilus Companies,&#160;Inc. (McNeilus), Concrete Equipment Company,&#160;Inc. and its wholly-owned subsidiary (CON-E-CO), London Machinery Inc. and its wholly-owned subsidiary (London),&#160;Iowa Mold Tooling Co.,&#160;Inc. (IMT) and Oshkosh Commercial Products, LLC (Oshkosh Commercial). McNeilus owns a </font><font style="font-family:inherit;font-size:10pt;">49%</font><font style="font-family:inherit;font-size:10pt;"> interest in Mezcladoras Trailers de Mexico, S.A. de C.V. (Mezcladoras), which manufactures and markets concrete mixers, concrete batch plants and refuse collection vehicles in Mexico.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Certain reclassifications have been made to the fiscal 2015 and 2014 financial statements to conform to the fiscal 2016 presentation. &#8220;Prepaid income taxes,&#8221; which was previously presented as a separate line in the Consolidated Balance Sheets, is now reported in &#8220;Other current assets.&#8221; &#8220;Investments in unconsolidated affiliates,&#8221; which was previously presented as a separate line in the Consolidated Balance Sheets, is now reported in &#8220;Other long-term assets.&#8221; &#8220;Accrued warranty,&#8221; which was previously presented as a separate line in the Consolidated Balance Sheets, is now reported in &#8220;Other current liabilities.&#8221; &#8220;Gain on sale of assets,&#8221; which was previously included in other non-cash adjustments within the Consolidated Statements of Cash Flows, is now reported as a separate line in the Consolidated Statements of Cash Flows. &#8220;Contributions to rabbi trust,&#8221; which was previously presented as a separate line in the Consolidated Statements of Cash Flows, is now reported in &#8220;Other investing activities.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;"> &#8212; The preparation of financial statements in conformity with U.S. GAAP 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 from those estimates.</font></div></div>

Files In Submission

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