2014 Form 10-K Financial Statement

#000007800315000014 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013
Revenue $49.61B $13.56B $51.58B
YoY Change -3.84% -2.4% -5.62%
Cost Of Revenue $9.577B $2.779B $9.586B
YoY Change -0.09% -2.39%
Gross Profit $40.03B $10.78B $42.00B
YoY Change -4.69% -6.33%
Gross Profit Margin 80.69% 79.5% 81.42%
Selling, General & Admin $14.10B $4.152B $14.36B
YoY Change -1.8% -54.45% -5.38%
% of Gross Profit 35.22% 38.52% 34.18%
Research & Development $8.393B $1.811B $6.678B
YoY Change 25.68% -10.75%
% of Gross Profit 20.97% 16.8% 15.9%
Depreciation & Amortization $5.537B $1.489B $6.306B
YoY Change -12.19% -29.33% -14.71%
% of Gross Profit 13.83% 13.81% 15.02%
Operating Expenses $22.49B $6.565B $21.03B
YoY Change 6.93% -29.06% -7.15%
Operating Profit $17.54B $4.214B $20.97B
YoY Change -16.35% -5.49%
Interest Expense $1.360B -$238.0M $1.414B
YoY Change -3.82% 27.96% -7.1%
% of Operating Profit 7.75% -5.65% 6.74%
Other Income/Expense, Net -$1.009B $532.0M
YoY Change -289.66% -113.23%
Pretax Income $12.24B $3.061B $15.72B
YoY Change -22.12% 42.57% 39.8%
Income Tax $3.120B $430.0M $4.306B
% Of Pretax Income 25.49% 14.05% 27.4%
Net Earnings $9.135B $2.569B $22.00B
YoY Change -58.48% -59.77% 51.02%
Net Earnings / Revenue 18.42% 18.95% 42.65%
Basic Earnings Per Share $1.44 $3.23
Diluted Earnings Per Share $1.42 $393.2K $3.19
COMMON SHARES
Basic Shares Outstanding 6.346B shares 6.481B shares 6.813B shares
Diluted Shares Outstanding 6.424B shares 6.895B shares

Balance Sheet

Concept 2014 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.12B $32.41B $32.41B
YoY Change 11.46% 0.03% 0.03%
Cash & Equivalents $3.343B $2.183B $2.183B
Short-Term Investments $32.78B $30.23B $30.23B
Other Short-Term Assets $5.409B $3.689B $8.313B
YoY Change -34.93% 3.42% -46.99%
Inventory $5.663B $6.166B $6.166B
Prepaid Expenses
Receivables $8.401B $9.357B $9.357B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $55.60B $56.24B $56.24B
YoY Change -1.15% -13.25% -13.25%
LONG-TERM ASSETS
Property, Plant & Equipment $11.76B $12.40B $12.40B
YoY Change -5.12% -6.18% -6.18%
Goodwill $42.52B
YoY Change -2.62%
Intangibles $39.39B
YoY Change -12.76%
Long-Term Investments $17.52B $16.41B $16.41B
YoY Change 6.78% 15.95% 15.95%
Other Assets $5.456B $3.596B $5.150B
YoY Change 5.94% 11.23% 7.34%
Total Long-Term Assets $112.0B $115.9B $115.9B
YoY Change -3.35% -4.22% -4.22%
TOTAL ASSETS
Total Short-Term Assets $55.60B $56.24B $56.24B
Total Long-Term Assets $112.0B $115.9B $115.9B
Total Assets $167.6B $172.1B $172.1B
YoY Change -2.64% -7.37% -7.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.210B $3.234B $3.234B
YoY Change -0.74% 10.72% 10.72%
Accrued Expenses $1.841B $1.792B $1.792B
YoY Change 2.73% -4.43% -4.43%
Deferred Revenue
YoY Change
Short-Term Debt $2.130B $0.00 $3.967B
YoY Change -46.31% -0.2%
Long-Term Debt Due $3.011B $2.060B $2.060B
YoY Change 46.17% -15.88% -15.88%
Total Short-Term Liabilities $21.59B $23.37B $23.37B
YoY Change -7.61% -19.94% -19.94%
LONG-TERM LIABILITIES
Long-Term Debt $31.54B $30.46B $30.46B
YoY Change 3.54% -1.85% -1.85%
Other Long-Term Liabilities $19.50B $4.767B $16.06B
YoY Change 21.39% -1.73% -29.25%
Total Long-Term Liabilities $51.04B $35.23B $46.53B
YoY Change 9.7% -1.83% -13.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.59B $23.37B $23.37B
Total Long-Term Liabilities $51.04B $35.23B $46.53B
Total Liabilities $96.27B $95.48B $95.79B
YoY Change 0.49% -8.3% -8.36%
SHAREHOLDERS EQUITY
Retained Earnings $69.73B
YoY Change 28.56%
Common Stock $453.0M
YoY Change 1.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $67.92B
YoY Change 69.29%
Treasury Stock Shares 2.652B shares
Shareholders Equity $71.30B $76.31B $76.31B
YoY Change
Total Liabilities & Shareholders Equity $167.6B $172.1B $172.1B
YoY Change -2.64% -7.37% -7.37%

Cashflow Statement

Concept 2014 2013 Q4 2013
OPERATING ACTIVITIES
Net Income $9.135B $2.569B $22.00B
YoY Change -58.48% -59.77% 51.02%
Depreciation, Depletion And Amortization $5.537B $1.489B $6.306B
YoY Change -12.19% -29.33% -14.71%
Cash From Operating Activities $17.08B $5.724B $17.68B
YoY Change -3.39% 15.68% 5.6%
INVESTING ACTIVITIES
Capital Expenditures $1.199B -$499.0M $1.206B
YoY Change -0.58% -14.85% -9.12%
Acquisitions $195.0M $15.00M
YoY Change 1200.0% -98.57%
Other Investing Activities -$347.0M $641.0M -$312.0M
YoY Change 11.22% -91.36% 68.65%
Cash From Investing Activities -$5.654B $142.0M -$10.54B
YoY Change -46.38% -97.92% -271.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.000B $16.29B
YoY Change -69.31% 97.98%
Debt Paid & Issued, Net $2.110B $4.146B
YoY Change -49.11% 174.03%
Cash From Financing Activities -$10.19B -5.744B -$14.98B
YoY Change -31.97% -7.85% -6.4%
NET CHANGE
Cash From Operating Activities $17.08B 5.724B $17.68B
Cash From Investing Activities -$5.654B 142.0M -$10.54B
Cash From Financing Activities -$10.19B -5.744B -$14.98B
Net Change In Cash $1.243B 122.0M -$7.835B
YoY Change -115.86% -97.8% -213.53%
FREE CASH FLOW
Cash From Operating Activities $17.08B $5.724B $17.68B
Capital Expenditures $1.199B -$499.0M $1.206B
Free Cash Flow $15.89B $6.223B $16.48B
YoY Change -3.6% 12.45% 6.87%

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CY2013 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
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CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
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22003000000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2013 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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145000000 USD
CY2013 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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2479000000 USD
CY2014 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2014 us-gaap Operating Leases Rent Expense Net
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CY2013Q4 us-gaap Other Assets Noncurrent
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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1422000000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
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7000000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
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62000000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
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CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
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CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2012 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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-69000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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-73000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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-23000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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430000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
62000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2012 us-gaap Other Comprehensive Income Loss Before Tax
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CY2013 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
4521000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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249112000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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24.33
CY2014 us-gaap Other Comprehensive Income Loss Before Tax
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OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
129000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
394000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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501000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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107000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
154000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
63000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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207000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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62000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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110000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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111000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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42000000 USD
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CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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74000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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3714000000 USD
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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237000000 USD
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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57000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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616000000 USD
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94000000 USD
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144000000 USD
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63000000 USD
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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1928000000 USD
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745000000 USD
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488000000 USD
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24000000 USD
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251000000 USD
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217000000 USD
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74000000 USD
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151000000 USD
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15000000 USD
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57000000 USD
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130000000 USD
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182000000 USD
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430000000 USD
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CY2012 us-gaap Payments For Repurchase Of Common Stock
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16290000000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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5000000000 USD
CY2012 us-gaap Payments Of Ordinary Dividends
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6580000000 USD
CY2014 us-gaap Payments Of Ordinary Dividends
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CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1050000000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15000000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
195000000 USD
CY2012 us-gaap Payments To Acquire Intangible Assets
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92000000 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
259000000 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
384000000 USD
CY2012 us-gaap Payments To Acquire Marketable Securities
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11145000000 USD
CY2013 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
11020000000 USD
CY2014 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
10718000000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1327000000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1206000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1199000000 USD
CY2012 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
24018000000 USD
CY2013 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
42761000000 USD
CY2014 us-gaap Payments To Acquire Short Term Investments
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2000000 USD
CY2013 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2000000 USD
CY2014 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2013Q4 us-gaap Preferred Stock Shares Authorized
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27000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
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27000000 shares
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PreferredStockSharesIssued
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CY2014Q4 us-gaap Preferred Stock Shares Issued
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717 shares
CY2013Q4 us-gaap Preferred Stock Value
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33000000 USD
CY2014Q4 us-gaap Preferred Stock Value
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29000000 USD
CY2012 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
11850000000 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
6618000000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4491000000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
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CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
109000000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
72000000 USD
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
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CY2013 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
3475000000 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
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CY2012 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
4990000000 USD
CY2013 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
7555000000 USD
CY2014 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
6145000000 USD
CY2012 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
25302000000 USD
CY2013 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
41127000000 USD
CY2014 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
47374000000 USD
CY2012 us-gaap Proceeds From Short Term Debt
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7995000000 USD
CY2013 us-gaap Proceeds From Short Term Debt
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4323000000 USD
CY2014 us-gaap Proceeds From Short Term Debt
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CY2013 us-gaap Proceeds From Stock Options Exercised
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CY2014 us-gaap Proceeds From Stock Options Exercised
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CY2014 us-gaap Profit Loss
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10000000 USD
CY2012 us-gaap Research And Development Expense Excluding Acquired In Process Cost
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ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
6678000000 USD
CY2014 us-gaap Research And Development Expense Excluding Acquired In Process Cost
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8393000000 USD
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2900000000 USD
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1700 Employee
CY2012 us-gaap Restructuring Charges
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CY2013 us-gaap Restructuring Charges
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1038000000 USD
CY2014 us-gaap Restructuring Charges
RestructuringCharges
170000000 USD
CY2012Q4 us-gaap Restructuring Reserve
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1886000000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
1779000000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
1166000000 USD
CY2012 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
573000000 USD
CY2013 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
291000000 USD
CY2014 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
261000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
69732000000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2012 us-gaap Royalty Revenue
RoyaltyRevenue
451000000 USD
CY2013 us-gaap Royalty Revenue
RoyaltyRevenue
523000000 USD
CY2014 us-gaap Royalty Revenue
RoyaltyRevenue
1002000000 USD
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
54657000000 USD
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
51584000000 USD
CY2014 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
49605000000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14097000000 USD
CY2012 us-gaap Severance Costs1
SeveranceCosts1
953000000 USD
CY2013 us-gaap Severance Costs1
SeveranceCosts1
805000000 USD
CY2014 us-gaap Severance Costs1
SeveranceCosts1
68000000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
481000000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
523000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
586000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
595000000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
263000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
578000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
458000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
43784000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4396000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
44599000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.79
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.13
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
122618000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.40
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1815000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.05
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1222000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
21.19
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1805000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
243297000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
23.91
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
21.44
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
36.85
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
26.36
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
32.23
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y7M6D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y10M24D
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
30225000000 USD
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
32779000000 USD
CY2013Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
-100000000 USD
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
46960000 shares
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1056000000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2296000000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1597000000 USD
CY2011Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000000 USD
CY2012Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000000 USD
CY2013Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000000 USD
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
11000000000 USD
CY2014Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
11500000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
76307000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
71301000000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
82621000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
81678000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76620000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
71622000000 USD
CY2012 us-gaap Stockholders Equity Other
StockholdersEquityOther
-19000000 USD
CY2013 us-gaap Stockholders Equity Other
StockholdersEquityOther
12000000 USD
CY2014 us-gaap Stockholders Equity Other
StockholdersEquityOther
17000000 USD
CY2013Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
678000000 USD
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
531000000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2652000000 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2819000000 shares
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
349000000 shares
CY2013 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
563000000 shares
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
165000000 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
67923000000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
73021000000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8228000000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
16290000000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5000000000 USD
CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
74000000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7309000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6315000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6087000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6182000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1442000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
876000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
473000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
647000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
571000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
70000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1125000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1178000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
795000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
139000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
205000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
110000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
621000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
643000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-120000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-16000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-40000000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
66000000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
82000000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
78000000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7508000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6895000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6424000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7442000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6813000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6346000000 shares
CY2014 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Cash flows associated with financial instruments designated as fair value or cash flow hedges may be included in operating, investing or financing activities, depending on the classification of the items being hedged. Cash flows associated with financial instruments designated as net investment hedges are classified according to the nature of the hedge instrument. Cash flows associated with financial instruments that do not qualify for hedge accounting treatment are classified according to their purpose and accounting nature.</font></div></div>
CY2014 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">We review all of our long-lived assets for impairment indicators throughout the year. We perform impairment testing for indefinite-lived intangible assets and goodwill at least annually and for all other long-lived assets whenever impairment indicators are present. When necessary, we record charges for impairments of long-lived assets for the amount by which the fair value is less than the carrying value of these assets.</font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">In preparing the consolidated financial statements, we use certain estimates and assumptions that affect reported amounts and disclosures, including amounts recorded and disclosed in connection with acquisitions. These estimates and underlying assumptions can impact all elements of our financial statements. For example, in the consolidated statements of income, estimates are used when accounting for deductions from revenues (such as rebates, chargebacks, sales allowances and sales returns), determining the cost of inventory that is sold, allocating cost in the form of depreciation and amortization, and estimating restructuring charges and the impact of contingencies. On the consolidated balance sheets, estimates are used in determining the valuation and recoverability of assets, such as accounts receivable, investments, inventories, deferred tax assets, fixed assets and intangible assets (including acquired in-process research &amp; development (IPR&amp;D) assets), and estimates are used in determining the reported amounts of liabilities, such as taxes payable, benefit obligations, accruals for contingencies, rebates, chargebacks, sales allowances and sales returns, and restructuring reserves, all of which also impact the consolidated statements of income.</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our estimates are often based on complex judgments and assumptions that we believe to be reasonable, but that can be inherently uncertain and unpredictable. If our estimates and assumptions are not representative of actual outcomes, our results could be materially impacted.</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">As future events and their effects cannot be determined with precision, our estimates and assumptions may prove to be incomplete or inaccurate, or unanticipated events and circumstances may occur that might cause us to change those estimates and assumptions. We are subject to risks and uncertainties that may cause actual results to differ from estimated amounts, such as changes in the healthcare environment, competition, litigation, legislation and regulations. We regularly evaluate our estimates and assumptions using historical experience and expectations about the future. We adjust our estimates and assumptions when facts and circumstances indicate the need for change. Those changes generally will be reflected in our financial statements on a prospective basis, unless they are required to be treated retrospectively under relevant accounting standards. It is possible that others, applying reasonable judgment to the same facts and circumstances, could develop and support a range of alternative estimated amounts.</font></div></div>

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