2013 Q4 Form 10-K Financial Statement

#000153470115000038 Filed on February 20, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012
Revenue $42.89B $43.82B $179.3B
YoY Change -2.11% -8.92% -8.49%
Cost Of Revenue $36.96B $37.50B $167.8B
YoY Change -1.44% -12.76% -2.88%
Gross Profit $5.934B $6.317B $11.51B
YoY Change -6.06% 23.35% -50.33%
Gross Profit Margin 13.83% 14.42% 6.42%
Selling, General & Admin $4.087B $3.877B $1.703B
YoY Change 5.42% 0.18% 22.17%
% of Gross Profit 68.87% 61.37% 14.8%
Research & Development $70.00M
YoY Change 1.45%
% of Gross Profit 0.61%
Depreciation & Amortization $243.0M $237.0M $906.0M
YoY Change 2.53% 0.85% 0.44%
% of Gross Profit 4.1% 3.75% 7.87%
Operating Expenses $5.536B $5.194B $1.773B
YoY Change 6.58% 1.82% 21.19%
Operating Profit $398.0M $1.123B $9.733B
YoY Change -64.56% 5515.0% -55.15%
Interest Expense $725.0M $556.0M $2.934B
YoY Change 30.4% 14.64% 1.42%
% of Operating Profit 182.16% 49.51% 30.14%
Other Income/Expense, Net $20.00M $53.00M $135.0M
YoY Change -62.26% 211.76% 200.0%
Pretax Income $1.145B $1.144B $6.556B
YoY Change 0.09% -51.34% -0.05%
Income Tax $373.0M $482.0M $2.473B
% Of Pretax Income 32.58% 42.13% 37.72%
Net Earnings $826.0M $708.0M $4.124B
YoY Change 16.67% -64.79% -13.63%
Net Earnings / Revenue 1.93% 1.62% 2.3%
Basic Earnings Per Share $6.55
Diluted Earnings Per Share $1.368M $1.084M $6.48
COMMON SHARES
Basic Shares Outstanding 628.8M shares
Diluted Shares Outstanding 636.8M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.400B $3.474B $3.474B
YoY Change 55.44%
Cash & Equivalents $5.400B $3.474B $3.474B
Short-Term Investments
Other Short-Term Assets $851.0M $655.0M $655.0M
YoY Change 29.92% 43.33% 43.33%
Inventory $3.354B $3.430B $3.430B
Prepaid Expenses
Receivables $9.632B $10.40B $10.40B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.24B $17.96B $17.96B
YoY Change 7.1% 28.78% 28.78%
LONG-TERM ASSETS
Property, Plant & Equipment $15.40B $15.41B $15.41B
YoY Change -0.06% 4.31% 4.31%
Goodwill $3.096B $3.344B
YoY Change -7.42% 0.36%
Intangibles $698.0M $724.0M
YoY Change -3.59% -1.09%
Long-Term Investments $11.08B $10.29B $10.47B
YoY Change 7.67% 0.57% 1.6%
Other Assets $149.0M $165.0M $165.0M
YoY Change -9.7% 35.25% 35.25%
Total Long-Term Assets $30.53B $30.11B $30.11B
YoY Change 1.4% 2.9% 2.9%
TOTAL ASSETS
Total Short-Term Assets $19.24B $17.96B $17.96B
Total Long-Term Assets $30.53B $30.11B $30.11B
Total Assets $49.77B $48.07B $48.07B
YoY Change 3.53% 11.25% 11.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.948B $9.731B $9.731B
YoY Change 2.23% -2.76% -2.76%
Accrued Expenses $1.817B $1.759B $1.759B
YoY Change 3.3% 12.61% 12.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.00M $13.00M $13.00M
YoY Change 84.62% -56.67% -56.67%
Total Short-Term Liabilities $12.93B $12.48B $12.48B
YoY Change 3.6% 0.79% 0.79%
LONG-TERM LIABILITIES
Long-Term Debt $6.131B $6.961B $6.961B
YoY Change -11.92% 1828.25% 1828.25%
Other Long-Term Liabilities $2.219B $2.380B $2.380B
YoY Change -6.76% 73.72% 73.72%
Total Long-Term Liabilities $8.350B $9.341B $9.341B
YoY Change -10.61% 439.63% 439.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.93B $12.48B $12.48B
Total Long-Term Liabilities $8.350B $9.341B $9.341B
Total Liabilities $27.41B $27.27B $27.30B
YoY Change 0.51% 36.9% 36.85%
SHAREHOLDERS EQUITY
Retained Earnings $5.622B $2.713B
YoY Change 107.22%
Common Stock $18.89B $18.73B
YoY Change 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.602B $356.0M
YoY Change 630.9%
Treasury Stock Shares 44.11M shares 7.604M shares
Shareholders Equity $21.95B $20.78B $20.78B
YoY Change
Total Liabilities & Shareholders Equity $49.80B $48.07B $48.07B
YoY Change 3.59% 11.25% 11.25%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012
OPERATING ACTIVITIES
Net Income $826.0M $708.0M $4.124B
YoY Change 16.67% -64.79% -13.63%
Depreciation, Depletion And Amortization $243.0M $237.0M $906.0M
YoY Change 2.53% 0.85% 0.44%
Cash From Operating Activities $897.0M $1.305B $4.296B
YoY Change -31.26% -52.22% -14.18%
INVESTING ACTIVITIES
Capital Expenditures -$623.0M -$874.0M -$1.701B
YoY Change -28.72% 140.77% 67.42%
Acquisitions
YoY Change
Other Investing Activities $126.0M $7.000M $0.00
YoY Change 1700.0% -99.74% -100.0%
Cash From Investing Activities -$497.0M -$867.0M -$1.535B
YoY Change -42.68% -137.13% -161.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $309.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -882.0M -1.381B $699.0M
YoY Change -36.13% -72.74% -109.32%
NET CHANGE
Cash From Operating Activities 897.0M 1.305B $4.296B
Cash From Investing Activities -497.0M -867.0M -$1.535B
Cash From Financing Activities -882.0M -1.381B $699.0M
Net Change In Cash -482.0M -943.0M $3.460B
YoY Change -48.89%
FREE CASH FLOW
Cash From Operating Activities $897.0M $1.305B $4.296B
Capital Expenditures -$623.0M -$874.0M -$1.701B
Free Cash Flow $1.520B $2.179B $5.997B
YoY Change -30.24% -29.57% -0.42%

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CY2014 psx Segment Reporting Information Depreciation Amortization And Impairments
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1145000000 USD
CY2012 psx Separation And Distribution Agreement Non Cash Increase Of Deferred Taxes Associated With Employee Benefit Liabilities
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461000000 USD
CY2012 psx Separation And Distribution Agreement Non Cash Transfer Of Employee Benefit Liabilities
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1234000000 USD
CY2012 psx Separation And Distribution Agreement Non Cash Transfer Of Property Plant And Equipment
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374000000 USD
CY2012Q2 psx Stockholders Equity Stock Spin Off Conversion Ratio Former Parent Entity
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2
CY2012Q2 psx Stockholders Equity Stock Spin Off Conversion Ratio Spun Off Entity
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1
CY2012 psx Taxes Other Than Income Taxes
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13740000000 USD
CY2013 psx Taxes Other Than Income Taxes
TaxesOtherThanIncomeTaxes
14119000000 USD
CY2014 psx Taxes Other Than Income Taxes
TaxesOtherThanIncomeTaxes
15040000000 USD
CY2012 psx Total Adjustments To Equity From Share Based Compensation
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168000000 USD
CY2013 psx Total Adjustments To Equity From Share Based Compensation
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154000000 USD
CY2014 psx Total Adjustments To Equity From Share Based Compensation
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140000000 USD
CY2014 psx Unamortized Balance For Net Actuarial Gains And Losses Percent Amortized
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0.10
CY2013Q4 us-gaap Accounts Payable Current
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CY2014Q4 us-gaap Accounts Payable Current
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CY2013Q4 us-gaap Accounts Payable Related Parties Current
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1142000000 USD
CY2014Q4 us-gaap Accounts Payable Related Parties Current
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576000000 USD
CY2013Q4 us-gaap Accounts Receivable Net Noncurrent
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74000000 USD
CY2014Q4 us-gaap Accounts Receivable Net Noncurrent
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76000000 USD
CY2012 us-gaap Accretion Expense Including Asset Retirement Obligations
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25000000 USD
CY2013 us-gaap Accretion Expense Including Asset Retirement Obligations
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24000000 USD
CY2014 us-gaap Accretion Expense Including Asset Retirement Obligations
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24000000 USD
CY2013Q4 us-gaap Accrual For Environmental Loss Contingencies
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492000000 USD
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies
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496000000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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9028000000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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37000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2014Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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471000000 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
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CY2014Q4 us-gaap Additional Paid In Capital Common Stock
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CY2012 us-gaap Advertising Expense
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57000000 USD
CY2013 us-gaap Advertising Expense
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68000000 USD
CY2014 us-gaap Advertising Expense
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70000000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
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CY2013 us-gaap Allocated Share Based Compensation Expense
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CY2014 us-gaap Allocated Share Based Compensation Expense
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134000000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2012 us-gaap Asset Impairment Charges
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CY2013 us-gaap Asset Impairment Charges
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29000000 USD
CY2014 us-gaap Asset Impairment Charges
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150000000 USD
CY2012Q4 us-gaap Asset Retirement Obligation
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CY2013Q4 us-gaap Asset Retirement Obligation
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309000000 USD
CY2014Q4 us-gaap Asset Retirement Obligation
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279000000 USD
CY2013 us-gaap Asset Retirement Obligation Accretion Expense
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11000000 USD
CY2014 us-gaap Asset Retirement Obligation Accretion Expense
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11000000 USD
CY2013 us-gaap Asset Retirement Obligation Cash Paid To Settle
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13000000 USD
CY2014 us-gaap Asset Retirement Obligation Cash Paid To Settle
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17000000 USD
CY2013 us-gaap Asset Retirement Obligation Foreign Currency Translation
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2000000 USD
CY2014 us-gaap Asset Retirement Obligation Foreign Currency Translation
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CY2013 us-gaap Asset Retirement Obligation Liabilities Incurred
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3000000 USD
CY2014 us-gaap Asset Retirement Obligation Liabilities Incurred
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2000000 USD
CY2013 us-gaap Asset Retirement Obligation Liabilities Settled
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20000000 USD
CY2014 us-gaap Asset Retirement Obligation Liabilities Settled
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CY2013 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2014 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2014Q4 us-gaap Assets
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CY2013Q4 us-gaap Assets Fair Value Disclosure
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CY2014Q4 us-gaap Assets Fair Value Disclosure
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196000000 USD
CY2014Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
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109000000 USD
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CY2014Q4 us-gaap Capital Lease Obligations
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CY2013 us-gaap Capital Lease Obligations Incurred
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CY2014 us-gaap Capital Lease Obligations Incurred
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CY2013Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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CY2014Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2012 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2013 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2014 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2012 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2013 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2014 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2012 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2013 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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85000000 USD
CY2014 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2014Q4 us-gaap Commercial Paper
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CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2013Q4 us-gaap Common Stock Shares Authorized
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2500000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
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2500000000 shares
CY2012Q4 us-gaap Common Stock Shares Issued
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CY2013Q4 us-gaap Common Stock Shares Issued
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CY2014Q4 us-gaap Common Stock Shares Issued
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CY2014Q4 us-gaap Common Stock Value
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CY2012 us-gaap Comprehensive Income Net Of Tax
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CY2013 us-gaap Comprehensive Income Net Of Tax
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CY2014 us-gaap Comprehensive Income Net Of Tax
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CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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7000000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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17000000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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35000000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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4229000000 USD
CY2013Q4 us-gaap Cost Method Investments
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66000000 USD
CY2014Q4 us-gaap Cost Method Investments
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78000000 USD
CY2012 us-gaap Cost Of Purchased Oil And Gas
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CY2013 us-gaap Cost Of Purchased Oil And Gas
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CY2014 us-gaap Cost Of Purchased Oil And Gas
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CY2012 us-gaap Current Federal Tax Expense Benefit
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CY2013 us-gaap Current Federal Tax Expense Benefit
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CY2014 us-gaap Current Federal Tax Expense Benefit
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CY2012 us-gaap Current Foreign Tax Expense Benefit
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160000000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
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98000000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
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22000000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
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253000000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
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CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2013Q4 us-gaap Debt And Capital Lease Obligations
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CY2014Q4 us-gaap Debt And Capital Lease Obligations
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CY2013Q4 us-gaap Debt Current
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CY2014Q4 us-gaap Debt Current
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CY2014Q4 us-gaap Debt Instrument Face Amount
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8300000000 USD
CY2014Q4 us-gaap Debt Instrument Face Amount
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2500000000 USD
CY2013Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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5000000 USD
CY2014Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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45000000 USD
CY2014Q4 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
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CY2013Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
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CY2014Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
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289000000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2012 us-gaap Deferred Income Tax Expense Benefit
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CY2013 us-gaap Deferred Income Tax Expense Benefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
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CY2013Q4 us-gaap Deferred Income Tax Liabilities
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CY2014Q4 us-gaap Deferred Income Tax Liabilities
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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68000000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2013Q4 us-gaap Deferred Tax Assets Inventory
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CY2013Q4 us-gaap Deferred Tax Assets Net
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1010000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
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CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2013Q4 us-gaap Deferred Tax Liabilities
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CY2014Q4 us-gaap Deferred Tax Liabilities
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CY2014Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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152000000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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CY2014Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2014Q4 us-gaap Deferred Tax Liabilities Other
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CY2013Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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401000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2014 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
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CY2014Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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2023
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111000000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
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112000000 USD
CY2012 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.0125
CY2014 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.05
CY2014 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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CY2012 us-gaap Depreciation And Amortization
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CY2014 us-gaap Depreciation And Amortization
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995000000 USD
CY2013Q4 us-gaap Derivative Asset Fair Value Gross Liability
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CY2014Q4 us-gaap Derivative Asset Fair Value Gross Liability
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CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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225000000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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41000000 USD
CY2013Q4 us-gaap Derivative Liability Fair Value Gross Asset
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CY2014Q4 us-gaap Derivative Liability Fair Value Gross Asset
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CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2014 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2012 us-gaap Dividends Common Stock Cash
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CY2014Q4 us-gaap Due From Related Parties Current
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949000000 USD
CY2012 us-gaap Earnings Per Share Basic
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6.55
CY2013 us-gaap Earnings Per Share Basic
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6.07
CY2014 us-gaap Earnings Per Share Basic
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8.40
CY2012 us-gaap Earnings Per Share Diluted
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6.48
CY2013 us-gaap Earnings Per Share Diluted
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6.02
CY2014 us-gaap Earnings Per Share Diluted
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8.33
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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14000000 USD
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22000000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2012 us-gaap Effect Of Lifo Inventory Liquidation On Income
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162000000 USD
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109000000 USD
CY2014 us-gaap Effect Of Lifo Inventory Liquidation On Income
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.377
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.334
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.288
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2013 us-gaap Nonoperating Income Expense
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CY2014 us-gaap Nonoperating Income Expense
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120000000 USD
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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160000000 USD
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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387000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
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8000000 USD
CY2013 us-gaap Operating Leases Rent Expense Contingent Rentals
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7000000 USD
CY2014 us-gaap Operating Leases Rent Expense Contingent Rentals
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8000000 USD
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
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554000000 USD
CY2013 us-gaap Operating Leases Rent Expense Minimum Rentals
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572000000 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
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570000000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
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CY2013 us-gaap Operating Leases Rent Expense Net
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CY2014 us-gaap Operating Leases Rent Expense Net
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443000000 USD
CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
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93000000 USD
CY2013 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
133000000 USD
CY2014 us-gaap Operating Leases Rent Expense Sublease Rentals1
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135000000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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CY2014Q4 us-gaap Other Assets Noncurrent
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CY2012 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before 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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1000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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268000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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1000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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1000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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148000000 USD
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 Adjustment Net Of Tax
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196000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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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 Foreign Currency Translation Adjustment Tax
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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351000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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104000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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93000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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292000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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401000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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18000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
169000000 USD
CY2012 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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-55000000 USD
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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-96000000 USD
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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CY2014 us-gaap Other Cost And Expense Operating
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CY2013Q4 us-gaap Other Inventory Supplies
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261000000 USD
CY2014Q4 us-gaap Other Inventory Supplies
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256000000 USD
CY2013Q4 us-gaap Other Liabilities Current
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469000000 USD
CY2014Q4 us-gaap Other Liabilities Current
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CY2012 us-gaap Other Noncash Income Expense
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CY2013 us-gaap Other Noncash Income Expense
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CY2014 us-gaap Other Noncash Income Expense
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127000000 USD
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135000000 USD
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120000000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
117000000 USD
CY2013 us-gaap Other Nonoperating Income Expense
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65000000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2013 us-gaap Partners Capital Account Sale Of Units
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404000000 USD
CY2012 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
100000000 USD
CY2013 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
65000000 USD
CY2014 us-gaap Payments For Advance To Affiliate
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3000000 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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CY2012 us-gaap Payments Of Dividends Common Stock
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CY2014 us-gaap Payments Of Dividends Common Stock
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5000000 USD
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10000000 USD
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30000000 USD
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CY2012 us-gaap Preferred Stock Dividends And Other Adjustments
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PreferredStockDividendsAndOtherAdjustments
5000000 USD
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PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
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CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2012 us-gaap Proceeds From Issuance Of Debt
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CY2013 us-gaap Proceeds From Payments For Other Financing Activities
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CY2014 us-gaap Proceeds From Payments For Other Financing Activities
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23000000 USD
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CY2013 us-gaap Profit Loss
ProfitLoss
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CY2014 us-gaap Profit Loss
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CY2014Q4 us-gaap Property Plant And Equipment Gross
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CY2014Q4 us-gaap Property Plant And Equipment Net
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CY2014Q4 us-gaap Receivables Net Current
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CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2012 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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208000000 USD
CY2013 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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109000000 USD
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133000000 USD
CY2012 us-gaap Repayments Of Debt
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CY2013 us-gaap Repayments Of Debt
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1020000000 USD
CY2014 us-gaap Repayments Of Debt
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49000000 USD
CY2012 us-gaap Repayments Of Debt And Capital Lease Obligations
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1210000000 USD
CY2013 us-gaap Repayments Of Debt And Capital Lease Obligations
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1020000000 USD
CY2014 us-gaap Repayments Of Debt And Capital Lease Obligations
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CY2012 us-gaap Research And Development Expense
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CY2014 us-gaap Research And Development Expense
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014 us-gaap Selling General And Administrative Expense
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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81000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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89000000 USD
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13967 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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570100 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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16.77
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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18.95
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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30.38
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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35.26
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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195000000 USD
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
28.8
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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212000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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33.78
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
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9000000 USD
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
27.15
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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14.62
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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69.46
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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72.26
CY2014Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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44000000 USD
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CY2012 us-gaap Stock Issued During Period Shares New Issues
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CY2012 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2013 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
3136000 shares
CY2014 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2746000 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2013Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Taxes Payable Current
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CY2014Q4 us-gaap Taxes Payable Current
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CY2012Q4 us-gaap Treasury Stock Shares
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CY2013Q4 us-gaap Treasury Stock Shares
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CY2014Q4 us-gaap Treasury Stock Shares
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CY2012 us-gaap Treasury Stock Shares Acquired
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CY2013 us-gaap Treasury Stock Shares Acquired
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CY2014Q4 us-gaap Treasury Stock Value
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CY2013 us-gaap Treasury Stock Value Acquired Cost Method
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CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2011Q4 us-gaap Unrecognized Tax Benefits
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CY2012Q4 us-gaap Unrecognized Tax Benefits
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CY2013Q4 us-gaap Unrecognized Tax Benefits
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202000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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142000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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47000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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8000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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68000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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2000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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3000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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19000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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15000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
18000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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16000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
6000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
3000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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3000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
30000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
13000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
35000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
25000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
14000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
125000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
161000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
98000000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
333000000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
333000000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
333000000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
333000000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
333000000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
3700000000 USD
CY2012 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
343000000 USD
CY2013 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
342000000 USD
CY2014 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
328000000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
20000000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
636764000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
618989000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
571504000 shares
CY2012 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
3316000 shares
CY2013 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
3935000 shares
CY2014 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
4043000 shares
CY2012 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
625519000 shares
CY2013 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
608983000 shares
CY2014 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
561859000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
628835000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
612918000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
565902000 shares
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">In May 2014, the FASB issued ASU No. 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606).&#8221; The new standard converged guidance on recognizing revenues in contracts with customers under accounting principles generally accepted in the United States and International Financial Reporting Standards. This ASU is intended to improve comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. ASU 2014-09 is effective for annual and quarterly reporting periods of public entities beginning after December 15, 2016. Early application for public entities is not permitted. We are currently evaluating the provisions of ASU 2014-09 and assessing the impact, if any, it may have on our financial position and results of operations.</font></div></div>
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">Recasted Financial Information</font><font style="font-family:inherit;font-size:10.5pt;">&#8212;Certain prior period financial information has been recasted to reflect the current year&#8217;s presentation, including realignment of our operating segments.</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:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">Impairment of Properties, Plants and Equipment</font><font style="font-family:inherit;font-size:10.5pt;">&#8212;Properties, plants and equipment (PP&amp;E) used in operations are assessed for impairment whenever changes in facts and circumstances indicate a possible significant deterioration in the future cash flows expected to be generated by an asset group. If indicators of potential impairment exist, an undiscounted cash flow test is performed. If the sum of the undiscounted pre-tax cash flows is less than the carrying value of the asset group, including applicable liabilities, the carrying value of the PP&amp;E included in the asset group is written down to estimated fair value through additional amortization or depreciation provisions and reported in the &#8220;Impairment&#8221; line of our consolidated statement of income in the period in which the determination of the impairment is made. Individual assets are grouped for impairment purposes at the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets (for example, at a refinery complex level). Because there usually is a lack of quoted market prices for long-lived assets, the fair value of impaired assets is typically determined using </font><font style="font-family:inherit;font-size:10.5pt;">one</font><font style="font-family:inherit;font-size:10.5pt;"> or more of the following methods: the present values of expected future cash flows using discount rates and other assumptions believed to be consistent with those used by principal market participants; a market multiple of earnings for similar assets; or historical market transactions of similar assets, adjusted using principal market participant assumptions when necessary. Long-lived assets held for sale are accounted for at the lower of amortized cost or fair value, less cost to sell, with fair value determined using a binding negotiated price, if available, or present value of expected future cash flows as previously described.</font></div><div style="line-height:120%;padding-left:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">The expected future cash flows used for impairment reviews and related fair value calculations are based on estimated future volumes, prices, costs, margins, and capital project decisions, considering all available evidence at the date of review.</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:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10.5pt;">&#8212;The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of contingent assets and liabilities. Actual results could differ from these estimates.</font></div></div>

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