2014 Q4 Form 8-K Financial Statement

#000007736015000023 Filed on May 11, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 2013 Q4
Revenue $1.803B $4.667B $1.831B
YoY Change -1.56% -33.33% 4.57%
Cost Of Revenue -$355.1M $3.046B $1.201B
YoY Change -129.58% -34.2% -11.23%
Gross Profit $627.9M $1.621B $630.5M
YoY Change -0.41% -31.63% 58.14%
Gross Profit Margin 34.83% 34.72% 34.43%
Selling, General & Admin -$72.00M $985.6M $296.1M
YoY Change -124.32% -34.02% -46.5%
% of Gross Profit -11.47% 60.82% 46.96%
Research & Development $8.200M $96.40M $28.00M
YoY Change -70.71% -21.5% -13.04%
% of Gross Profit 1.31% 5.95% 4.44%
Depreciation & Amortization -$49.50M $79.70M $59.80M
YoY Change -182.78% -43.6% -30.3%
% of Gross Profit -7.88% 4.92% 9.48%
Operating Expenses -$77.20M $1.082B $324.1M
YoY Change -123.82% -33.07% -44.66%
Operating Profit $176.0M $538.5M $241.3M
YoY Change -27.06% -27.48% -179.35%
Interest Expense -$17.20M $70.90M -$16.80M
YoY Change 2.38% -5.84% -8.2%
% of Operating Profit -9.77% 13.17% -6.96%
Other Income/Expense, Net
YoY Change
Pretax Income -$154.6M $470.9M $228.5M
YoY Change -167.66% -32.2% -157.44%
Income Tax -$34.00M $114.3M $64.10M
% Of Pretax Income 24.27% 28.05%
Net Earnings $120.8M $214.9M $158.2M
YoY Change -23.64% -59.97% -157.93%
Net Earnings / Revenue 6.7% 4.6% 8.64%
Basic Earnings Per Share $0.66 $1.13 $0.80
Diluted Earnings Per Share $0.65 $1.11 $0.78
COMMON SHARES
Basic Shares Outstanding 182.4M shares 190.6M shares 197.4M shares
Diluted Shares Outstanding 193.7M shares

Balance Sheet

Concept 2014 Q4 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.0M $110.0M $256.0M
YoY Change -57.03% -57.03% -1.92%
Cash & Equivalents $103.6M $110.0M $256.0M
Short-Term Investments
Other Short-Term Assets $366.8M $344.0M $361.6M
YoY Change 1.44% -14.85% 8.1%
Inventory $1.130B $1.130B $1.195B
Prepaid Expenses $109.6M $97.60M
Receivables $1.309B $1.309B $1.377B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.894B $2.894B $3.232B
YoY Change -10.46% -10.46% 0.87%
LONG-TERM ASSETS
Property, Plant & Equipment $509.7M $950.0M $1.044B
YoY Change -51.19% -9.0% -12.11%
Goodwill $3.230B $4.861B
YoY Change -33.54% 0.48%
Intangibles $1.608B $1.750B
YoY Change -8.1% -9.19%
Long-Term Investments $12.90M $12.20M
YoY Change 5.74% 18.45%
Other Assets $436.2M $461.0M $390.0M
YoY Change 11.85% -46.14% -13.77%
Total Long-Term Assets $7.750B $7.761B $8.511B
YoY Change -8.95% -8.81% -1.93%
TOTAL ASSETS
Total Short-Term Assets $2.894B $2.894B $3.232B
Total Long-Term Assets $7.750B $7.761B $8.511B
Total Assets $10.64B $10.66B $11.74B
YoY Change -9.36% -9.27% -1.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $583.1M $583.0M $576.9M
YoY Change 1.07% 1.04% 1.75%
Accrued Expenses $372.0M $372.0M $368.0M
YoY Change 1.09% 1.09% 4.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.700M $7.000M $2.500M
YoY Change 168.0% 133.33% -19.35%
Total Short-Term Liabilities $1.640B $1.640B $1.610B
YoY Change 1.82% 1.86% -2.12%
LONG-TERM LIABILITIES
Long-Term Debt $2.997B $2.997B $2.548B
YoY Change 17.64% 17.62% 3.81%
Other Long-Term Liabilities $497.7M $826.0M $456.4M
YoY Change 9.05% 1.85% -7.82%
Total Long-Term Liabilities $3.495B $3.823B $3.004B
YoY Change 16.34% 13.81% 1.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.640B $1.640B $1.610B
Total Long-Term Liabilities $3.495B $3.823B $3.004B
Total Liabilities $5.991B $5.991B $5.526B
YoY Change 8.43% 6.07% 2.42%
SHAREHOLDERS EQUITY
Retained Earnings $2.044B $1.829B
YoY Change 11.75% 41.54%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.252B $875.1M
YoY Change 43.06% 177.37%
Treasury Stock Shares 19.90M shares 15.60M shares
Shareholders Equity $4.664B $4.664B $6.095B
YoY Change
Total Liabilities & Shareholders Equity $10.66B $10.66B $11.74B
YoY Change -9.27% -9.27% -1.17%

Cashflow Statement

Concept 2014 Q4 2014 2013 Q4
OPERATING ACTIVITIES
Net Income $120.8M $214.9M $158.2M
YoY Change -23.64% -59.97% -157.93%
Depreciation, Depletion And Amortization -$49.50M $79.70M $59.80M
YoY Change -182.78% -43.6% -30.3%
Cash From Operating Activities $325.0M $1.008B $293.9M
YoY Change 10.58% 8.68% -263.82%
INVESTING ACTIVITIES
Capital Expenditures $8.800M $83.70M -$43.70M
YoY Change -120.14% -50.76% -2.02%
Acquisitions $12.30M
YoY Change -86.69%
Other Investing Activities -$49.60M -$200.0K $9.400M
YoY Change -627.66% -88.24% -104.61%
Cash From Investing Activities -$40.80M -$128.3M -$34.30M
YoY Change 18.95% -39.25% -86.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.150B
YoY Change 60.66%
Debt Paid & Issued, Net $16.80M
YoY Change 127.03%
Cash From Financing Activities -307.8M -$995.1M -226.0M
YoY Change 36.19% 38.38% -678.01%
NET CHANGE
Cash From Operating Activities 325.0M $1.008B 293.9M
Cash From Investing Activities -40.80M -$128.3M -34.30M
Cash From Financing Activities -307.8M -$995.1M -226.0M
Net Change In Cash -23.60M -$115.0M 33.60M
YoY Change -170.24% 4691.67% -108.65%
FREE CASH FLOW
Cash From Operating Activities $325.0M $1.008B $293.9M
Capital Expenditures $8.800M $83.70M -$43.70M
Free Cash Flow $316.2M $924.7M $337.6M
YoY Change -6.34% 22.01% -350.45%

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2027
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CY2013 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
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CY2014Q4 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
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CY2013 us-gaap Earnings Per Share Basic
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CY2014 us-gaap Earnings Per Share Basic
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0.75
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0.85
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0.78
CY2013 us-gaap Earnings Per Share Diluted
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2.62
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0.59
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0.82
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CY2014Q4 us-gaap Earnings Per Share Diluted
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0.65
CY2014 us-gaap Earnings Per Share Diluted
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1.11
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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300000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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21000000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.255
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.226
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.078
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.078
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.057
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.034
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.235
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.104
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.049
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.059
CY2013Q4 us-gaap Employee Related Liabilities Current
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312400000 USD
CY2014Q4 us-gaap Employee Related Liabilities Current
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305500000 USD
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17200000 USD
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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5500000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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12200000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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23500000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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8300000 USD
CY2013Q4 us-gaap Equity Method Investments
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12200000 USD
CY2014Q4 us-gaap Equity Method Investments
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12900000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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5000000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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16800000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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12600000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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5000000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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16800000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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12600000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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324000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
423000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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111500000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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99400000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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106500000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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109000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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110600000 USD
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CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
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1505500000 USD
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CY2014Q4 us-gaap Finite Lived Intangible Assets Net
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CY2012 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
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5300000 USD
CY2012 us-gaap Gain Loss On Investments
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0 USD
CY2013 us-gaap Gain Loss On Investments
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0 USD
CY2014 us-gaap Gain Loss On Investments
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0 USD
CY2012 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2013 us-gaap Gain Loss On Sale Of Business
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20800000 USD
CY2014 us-gaap Gain Loss On Sale Of Business
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-200000 USD
CY2012 us-gaap Gain Loss On Sale Of Other Assets
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2400000 USD
CY2013 us-gaap Gain Loss On Sale Of Other Assets
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-3900000 USD
CY2014 us-gaap Gain Loss On Sale Of Other Assets
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1500000 USD
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
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-75400000 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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771000000 USD
CY2013 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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11000000 USD
CY2014 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 USD
CY2013 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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11000000 USD
CY2013 us-gaap Impairment Of Long Lived Assets Held For Use
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16600000 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
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20900000 USD
CY2012 us-gaap Income Loss From Continuing Operations
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CY2013Q1 us-gaap Income Loss From Continuing Operations
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CY2013Q2 us-gaap Income Loss From Continuing Operations
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CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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517500000 USD
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CY2013Q4 us-gaap Goodwill
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CY2014Q4 us-gaap Goodwill
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4741900000 USD
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CY2014 us-gaap Goodwill Acquired During Period
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6800000 USD
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200500000 USD
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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200500000 USD
CY2013 us-gaap Goodwill Other Changes
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26600000 USD
CY2014 us-gaap Goodwill Other Changes
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CY2012 us-gaap Gross Profit
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CY2013Q1 us-gaap Gross Profit
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497500000 USD
CY2013Q2 us-gaap Gross Profit
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627400000 USD
CY2013Q3 us-gaap Gross Profit
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614700000 USD
CY2013Q4 us-gaap Gross Profit
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630500000 USD
CY2013 us-gaap Gross Profit
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2370100000 USD
CY2014Q1 us-gaap Gross Profit
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564100000 USD
CY2014Q2 us-gaap Gross Profit
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646300000 USD
CY2014Q3 us-gaap Gross Profit
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624700000 USD
CY2014Q4 us-gaap Gross Profit
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CY2014 us-gaap Gross Profit
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2463000000 USD
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60700000 USD
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11000000 USD
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165000000 USD
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162900000 USD
CY2013 us-gaap Income Loss From Continuing Operations
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511700000 USD
CY2014 us-gaap Income Loss From Continuing Operations
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607000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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39500000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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328700000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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13300000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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694500000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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784300000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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365800000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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607000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.64
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.22
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0.69
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.83
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.82
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.54
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.64
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.82
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.01
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.71
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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3.19
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.22
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.67
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.81
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.81
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.50
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.63
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.81
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.00
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.70
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.14
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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25900000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.07
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.04
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.13
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.02
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.03
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.08
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.04
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.12
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.01
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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3700000 USD
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200000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2012 us-gaap Income Loss From Equity Method Investments
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2300000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
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2000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
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1200000 USD
CY2012 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Tax Expense Benefit
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177000000 USD
CY2014 us-gaap Income Tax Expense Benefit
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177300000 USD
CY2012 us-gaap Income Taxes Paid
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82000000 USD
CY2013 us-gaap Income Taxes Paid
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91200000 USD
CY2014 us-gaap Income Taxes Paid
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134200000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
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CY2013 us-gaap Increase Decrease In Accounts Payable
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41100000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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34500000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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106300000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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5700000 USD
CY2014 us-gaap Increase Decrease In Other Current Assets
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22000000 USD
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69200000 USD
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41200000 USD
CY2014 us-gaap Increase Decrease In Other Current Liabilities
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58500000 USD
CY2012 us-gaap Increase Decrease In Other Employee Related Liabilities
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CY2013 us-gaap Increase Decrease In Other Employee Related Liabilities
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66300000 USD
CY2014 us-gaap Increase Decrease In Other Employee Related Liabilities
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13200000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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30900000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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CY2014 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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13200000 USD
CY2012 us-gaap Increase Decrease In Pension And Postretirement Obligations
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141700000 USD
CY2013Q4 us-gaap Increase Decrease In Pension And Postretirement Obligations
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63200000 USD
CY2013 us-gaap Increase Decrease In Pension And Postretirement Obligations
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CY2014Q4 us-gaap Increase Decrease In Pension And Postretirement Obligations
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49900000 USD
CY2014 us-gaap Increase Decrease In Pension And Postretirement Obligations
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49900000 USD
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
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3500000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3100000 shares
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CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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525600000 USD
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CY2014Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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2031100000 USD
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CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1608100000 USD
CY2012 us-gaap Interest Expense
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70200000 USD
CY2013 us-gaap Interest Expense
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75300000 USD
CY2013Q4 us-gaap Letters Of Credit Outstanding Amount
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484000000 USD
CY2014Q4 us-gaap Letters Of Credit Outstanding Amount
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370100000 USD
CY2013Q4 us-gaap Liabilities
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5525600000 USD
CY2014Q4 us-gaap Liabilities
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72300000 USD
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3700000 USD
CY2012 us-gaap Interest Paid
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66700000 USD
CY2013 us-gaap Interest Paid
InterestPaid
69400000 USD
CY2014 us-gaap Interest Paid
InterestPaid
67500000 USD
CY2013Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
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0 USD
CY2014Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
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0 USD
CY2013Q4 us-gaap Inventory Finished Goods
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480900000 USD
CY2014Q4 us-gaap Inventory Finished Goods
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441300000 USD
CY2013Q4 us-gaap Inventory Net
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1195100000 USD
CY2014Q4 us-gaap Inventory Net
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1130400000 USD
CY2013Q4 us-gaap Inventory Raw Materials And Supplies
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549800000 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
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460100000 USD
CY2013Q4 us-gaap Inventory Work In Process
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164400000 USD
CY2014Q4 us-gaap Inventory Work In Process
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229000000 USD
CY2012 us-gaap Investment Income Interest
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2000000 USD
CY2013 us-gaap Investment Income Interest
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4400000 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
3700000 USD
CY2013Q4 us-gaap Investments In And Advances To Affiliates Amount Of Equity
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0 USD
CY2014Q4 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
0 USD
CY2013Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
186400000 USD
CY2014Q4 us-gaap Land And Land Improvements
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165100000 USD
CY2012 us-gaap Lease And Rental Expense
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44600000 USD
CY2013 us-gaap Lease And Rental Expense
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76000000 USD
CY2014 us-gaap Lease And Rental Expense
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68700000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
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10655200000 USD
CY2013Q4 us-gaap Liabilities Current
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1610200000 USD
CY2014Q4 us-gaap Liabilities Current
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1639500000 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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72500000 USD
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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35100000 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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33900000 USD
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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6500000 USD
CY2013Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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51100000 USD
CY2014Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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58100000 USD
CY2013Q4 us-gaap Long Term Debt Current
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2500000 USD
CY2014Q4 us-gaap Long Term Debt Current
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6700000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1050000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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6700000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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1597400000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
350000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2547900000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2997400000 USD
CY2014Q4 us-gaap Loss Contingency Pending Claims Number
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3400 LegalMatter
CY2013Q4 us-gaap Machinery And Equipment Gross
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CY2014Q4 us-gaap Machinery And Equipment Gross
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1169100000 USD
CY2013Q4 us-gaap Minority Interest
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122400000 USD
CY2014Q4 us-gaap Minority Interest
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0 USD
CY2012 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1600000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2000000 USD
CY2014 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
134700000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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375600000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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43700000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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927900000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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1008400000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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65900000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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931300000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1005000000 USD
CY2012 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Income Loss
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51700000 USD
CY2013Q2 us-gaap Net Income Loss
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CY2013Q3 us-gaap Net Income Loss
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CY2013Q4 us-gaap Net Income Loss
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CY2013 us-gaap Net Income Loss
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CY2014Q1 us-gaap Net Income Loss
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CY2014Q2 us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
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214900000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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2600000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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5800000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2012 us-gaap Operating Income Loss
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CY2013Q1 us-gaap Operating Income Loss
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66400000 USD
CY2013Q2 us-gaap Operating Income Loss
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204900000 USD
CY2013Q3 us-gaap Operating Income Loss
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230000000 USD
CY2013Q4 us-gaap Operating Income Loss
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241300000 USD
CY2013 us-gaap Operating Income Loss
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742600000 USD
CY2014Q1 us-gaap Operating Income Loss
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CY2014Q2 us-gaap Operating Income Loss
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226400000 USD
CY2014Q3 us-gaap Operating Income Loss
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267400000 USD
CY2014Q4 us-gaap Operating Income Loss
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176000000 USD
CY2014 us-gaap Operating Income Loss
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176100000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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51900000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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15300000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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19300000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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30800000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
39700000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
19100000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
44100000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
75100000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
67400000 USD
CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
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500000 USD
CY2013 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
900000 USD
CY2014 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
1300000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
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645900000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
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709100000 USD
CY2013Q4 us-gaap Other Assets Current
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361600000 USD
CY2014Q4 us-gaap Other Assets Current
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366800000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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390000000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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436200000 USD
CY2012 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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-300000 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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-400000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-3600000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-300000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-400000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
3700000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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1100000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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31400000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-29100000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
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27500000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Net Of 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
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200000 USD
CY2013 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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200000 USD
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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0 USD
CY2013Q4 us-gaap Other Deferred Compensation Arrangements Liability Current
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53300000 USD
CY2014Q4 us-gaap Other Deferred Compensation Arrangements Liability Current
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70200000 USD
CY2013Q4 us-gaap Other Liabilities Current
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365000000 USD
CY2014Q4 us-gaap Other Liabilities Current
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371800000 USD
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456400000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
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497700000 USD
CY2012 us-gaap Payments For Merger Related Costs
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82800000 USD
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5900000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
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CY2014 us-gaap Payments For Proceeds From Other Investing Activities
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CY2012 us-gaap Payments For Repurchase Of Common Stock
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334200000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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715800000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1150000000 USD
CY2013 us-gaap Payments For Restructuring
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53300000 USD
CY2014 us-gaap Payments For Restructuring
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54100000 USD
CY2012 us-gaap Payments Of Debt Extinguishment Costs
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74800000 USD
CY2013 us-gaap Payments Of Debt Extinguishment Costs
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0 USD
CY2014 us-gaap Payments Of Debt Extinguishment Costs
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0 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
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9700000 USD
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1400000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
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3100000 USD
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112400000 USD
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194200000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
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211400000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
92400000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12300000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
94500000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
170000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
129600000 USD
CY2012 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1600000 USD
CY2013 us-gaap Payments To Minority Shareholders
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2000000 USD
CY2014 us-gaap Payments To Minority Shareholders
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134700000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Contributions
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238000000 USD
CY2013 us-gaap Pension And Other Postretirement Benefit Contributions
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34000000 USD
CY2014 us-gaap Pension And Other Postretirement Benefit Contributions
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27700000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
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167500000 USD
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CY2014 us-gaap Pension And Other Postretirement Benefit Expense
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76200000 USD
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320200000 USD
CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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322000000 USD
CY2013 us-gaap Pension Contributions
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30800000 USD
CY2014 us-gaap Pension Contributions
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24600000 USD
CY2013Q4 us-gaap Prepaid Expense Current
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97600000 USD
CY2014Q4 us-gaap Prepaid Expense Current
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109600000 USD
CY2012 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
43500000 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
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300000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
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594300000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
700000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2200000 USD
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
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253800000 USD
CY2013 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
104200000 USD
CY2014 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
468600000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
500000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5500000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13100000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
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91600000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
102300000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
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46600000 USD
CY2012Q4 us-gaap Product Warranty Accrual
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52500000 USD
CY2013Q4 us-gaap Product Warranty Accrual
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56000000 USD
CY2014Q4 us-gaap Product Warranty Accrual
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66400000 USD
CY2013Q4 us-gaap Product Warranty Accrual Classified Current
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56000000 USD
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
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66400000 USD
CY2013 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
200000 USD
CY2014 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
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CY2013 us-gaap Product Warranty Accrual Payments
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60800000 USD
CY2014 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
62100000 USD
CY2014 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
13000000 USD
CY2013 us-gaap Product Warranty Expense
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64100000 USD
CY2014 us-gaap Product Warranty Expense
ProductWarrantyExpense
75300000 USD
CY2012 us-gaap Profit Loss
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CY2013Q1 us-gaap Profit Loss
ProfitLoss
46800000 USD
CY2013Q2 us-gaap Profit Loss
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CY2013Q3 us-gaap Profit Loss
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166400000 USD
CY2013Q4 us-gaap Profit Loss
ProfitLoss
164400000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
542600000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
125500000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
159200000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
192500000 USD
CY2014Q4 us-gaap Profit Loss
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129800000 USD
CY2014 us-gaap Profit Loss
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214900000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
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1915000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
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1898700000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
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1044300000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
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950000000 USD
CY2012 us-gaap Repayments Of Long Term Debt
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617200000 USD
CY2013 us-gaap Repayments Of Long Term Debt
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7400000 USD
CY2014 us-gaap Repayments Of Long Term Debt
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16800000 USD
CY2012 us-gaap Research And Development Expense
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92300000 USD
CY2013 us-gaap Research And Development Expense
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122800000 USD
CY2014 us-gaap Research And Development Expense
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117300000 USD
CY2013 us-gaap Restructuring And Related Cost Incurred Cost
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81500000 USD
CY2014 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
58900000 USD
CY2012 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
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800 Person
CY2013 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
1100 Person
CY2014 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
1150 Person
CY2014 us-gaap Share Based Compensation
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33600000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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58000000 USD
CY2012 us-gaap Restructuring Charges
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48700000 USD
CY2013 us-gaap Restructuring Charges
RestructuringCharges
103200000 USD
CY2014 us-gaap Restructuring Charges
RestructuringCharges
88300000 USD
CY2013Q1 us-gaap Restructuring Costs
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26600000 USD
CY2013Q4 us-gaap Restructuring Costs
RestructuringCosts
54100000 USD
CY2014Q1 us-gaap Restructuring Costs
RestructuringCosts
17400000 USD
CY2014Q2 us-gaap Restructuring Costs
RestructuringCosts
35400000 USD
CY2014Q4 us-gaap Restructuring Costs
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35500000 USD
CY2012Q4 us-gaap Restructuring Reserve
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40400000 USD
CY2013Q4 us-gaap Restructuring Reserve
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68600000 USD
CY2014Q4 us-gaap Restructuring Reserve
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73400000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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1829100000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2044000000 USD
CY2012 us-gaap Sales Revenue Net
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4306800000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1663700000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1791700000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1713300000 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
1831000000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
6999700000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1644000000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1834100000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1758400000 USD
CY2014Q4 us-gaap Sales Revenue Net
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1802500000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
7039000000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1117700000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1493700000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1493800000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
35800000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
31100000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
23400000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
26300000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0248
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0201
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0146
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.365
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.360
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.353
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0096
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0069
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0144
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4500000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
33.53
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
41600000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
68900000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
34800000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
100000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
500000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.63
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.96
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
96200000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
46500000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
4663800000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2047400000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6487500000 USD
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
334200000 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
715800000 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1150000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
6095300000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.23
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
157800000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6200000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5700000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.53
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.08
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
13800000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1200000 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
59.46
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
35.53
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
49.29
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
77.93
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M6D
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
144000000 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y2M12D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M6D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y2M12D
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
900000 shares
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
19000000 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
90200000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6217700000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4663800000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
15600000 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
19900000 shares
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16400000 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
875100000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1251900000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1200000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26500000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
53400000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
60800000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
62100000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
60700000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
200000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193700000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127400000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201100000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127400000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
204600000 shares
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
1000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
600000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
600000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
500000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
13200000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
5100000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
100000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
900000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
1200000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
25300000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
13600000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2700000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1800000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2200000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
12200000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2300000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
8900000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
9800000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
400000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1800000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1200000 USD
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190600000 shares
CY2014 pnr Employee Vesting Period
EmployeeVestingPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">after </font><font style="font-family:inherit;font-size:10pt;">3</font><font style="font-family:inherit;font-size:10pt;"> years of service.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div></div>
CY2014 pnr Tax Sharing Description
TaxSharingDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs and expenses associated with the management of Shared Tax Liabilities, Distribution Taxes and BHS Tax Liabilities will generally be shared </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;"> by us, </font><font style="font-family:inherit;font-size:10pt;">27.5%</font><font style="font-family:inherit;font-size:10pt;"> by ADT and </font><font style="font-family:inherit;font-size:10pt;">52.5%</font><font style="font-family:inherit;font-size:10pt;"> by Tyco</font></div></div>
CY2014 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">we were in compliance with all financial covenants in our debt agreements.</font></div></div>
CY2014 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the 401(k) plan, eligible U.S.&#160;employees may voluntarily contribute a percentage of their eligible compensation. We match contributions made by employees who meet certain eligibility and service requirements. Our matching contribution is </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of eligible employee contributions for the first </font><font style="font-family:inherit;font-size:10pt;">1%</font><font style="font-family:inherit;font-size:10pt;"> of eligible compensation and </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> of the next </font><font style="font-family:inherit;font-size:10pt;">5%</font><font style="font-family:inherit;font-size:10pt;"> of eligible compensation.</font></div></div>
CY2014 us-gaap Description Of Location Of Interest Rate Cash Flow Hedge Derivative On Balance Sheet
DescriptionOfLocationOfInterestRateCashFlowHedgeDerivativeOnBalanceSheet
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivative gains and losses on interest rate swaps included in AOCI</font></div></div>
CY2014 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal year</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our fiscal year ends on December&#160;31.&#160;We report our interim quarterly periods on a 13-week basis ending on a Saturday.</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%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes, disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates include our accounting for valuation of goodwill and indefinite lived intangible assets, estimated losses on accounts receivable, estimated realizable value on excess and obsolete inventory, percentage of completion revenue recognition, assets acquired and liabilities assumed in acquisitions, estimated selling proceeds from assets held for sale, contingent liabilities, income taxes and pension and other post-retirement benefits. Actual results could differ from our estimates.</font></div></div>

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