2018 Q1 Form 10-Q Financial Statement

#000106039118000012 Filed on May 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $2.868B $2.882B
YoY Change -0.5% 6.22%
Cost Of Revenue $1.470B $1.484B
YoY Change -0.96% 7.43%
Gross Profit $1.398B $1.398B
YoY Change 0.0% 4.97%
Gross Profit Margin 48.75% 48.51%
Selling, General & Admin $261.2M $253.5M
YoY Change 3.04% 5.1%
% of Gross Profit 18.68% 18.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $263.1M $249.9M
YoY Change 5.28% 2.75%
% of Gross Profit 18.82% 17.87%
Operating Expenses $261.2M $253.5M
YoY Change 3.04% 5.1%
Operating Profit $404.2M $388.1M
YoY Change 4.15% 12.33%
Interest Expense $94.80M $89.40M
YoY Change 6.04% -3.56%
% of Operating Profit 23.45% 23.04%
Other Income/Expense, Net $1.000M $100.0K
YoY Change 900.0% -114.29%
Pretax Income $310.6M $296.2M
YoY Change 4.86% 17.26%
Income Tax $72.70M $108.4M
% Of Pretax Income 23.41% 36.6%
Net Earnings $237.7M $187.8M
YoY Change 26.57% 19.85%
Net Earnings / Revenue 8.29% 6.52%
Basic Earnings Per Share $0.72 $0.55
Diluted Earnings Per Share $0.72 $0.55
COMMON SHARES
Basic Shares Outstanding 330.7M shares 339.9M shares
Diluted Shares Outstanding 332.2M shares 341.9M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.00M $33.00M
YoY Change 90.91% 0.0%
Cash & Equivalents $62.60M $33.20M
Short-Term Investments
Other Short-Term Assets $239.2M $183.8M
YoY Change 30.14% -14.47%
Inventory $52.30M $45.00M
Prepaid Expenses $86.00M $74.20M
Receivables $1.052B $1.017B
Other Receivables $96.00M $60.00M
Total Short-Term Assets $1.354B $1.234B
YoY Change 9.69% 4.32%
LONG-TERM ASSETS
Property, Plant & Equipment $7.783B $7.593B
YoY Change 2.51% -0.25%
Goodwill $11.33B $11.18B
YoY Change 1.29% 0.32%
Intangibles
YoY Change
Long-Term Investments $26.00M $22.00M
YoY Change 18.18%
Other Assets $379.0M $320.5M
YoY Change 18.25% 19.59%
Total Long-Term Assets $19.75B $19.36B
YoY Change 2.03% 0.03%
TOTAL ASSETS
Total Short-Term Assets $1.354B $1.234B
Total Long-Term Assets $19.75B $19.36B
Total Assets $21.11B $20.60B
YoY Change 2.49% 0.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $572.4M $520.8M
YoY Change 9.91% -3.98%
Accrued Expenses $664.0M $617.0M
YoY Change 7.62% -5.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $707.0M $6.000M
YoY Change 11683.33% 0.0%
Total Short-Term Liabilities $2.560B $1.777B
YoY Change 44.06% -1.83%
LONG-TERM LIABILITIES
Long-Term Debt $7.500B $7.664B
YoY Change -2.14% 1.44%
Other Long-Term Liabilities $323.5M $303.6M
YoY Change 6.55% -4.17%
Total Long-Term Liabilities $323.5M $303.6M
YoY Change 6.55% -4.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.560B $1.777B
Total Long-Term Liabilities $323.5M $303.6M
Total Liabilities $2.884B $2.081B
YoY Change 38.59% -2.18%
SHAREHOLDERS EQUITY
Retained Earnings $4.186B $3.403B
YoY Change 23.02% 6.63%
Common Stock $3.500M $3.500M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.314B $524.7M
YoY Change 150.49% 415.93%
Treasury Stock Shares 22.50M shares 10.50M shares
Shareholders Equity $7.912B $7.683B
YoY Change
Total Liabilities & Shareholders Equity $21.11B $20.60B
YoY Change 2.49% 0.28%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $237.7M $187.8M
YoY Change 26.57% 19.85%
Depreciation, Depletion And Amortization $263.1M $249.9M
YoY Change 5.28% 2.75%
Cash From Operating Activities $581.4M $444.4M
YoY Change 30.83% 2.99%
INVESTING ACTIVITIES
Capital Expenditures $263.3M $223.9M
YoY Change 17.6% -17.53%
Acquisitions $19.10M $54.70M
YoY Change -65.08% 811.67%
Other Investing Activities -$800.0K -$600.0K
YoY Change 33.33% -400.0%
Cash From Investing Activities -$276.7M -$291.3M
YoY Change -5.01% 7.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $253.2M $85.40M
YoY Change 196.49% 16.99%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$349.6M -$187.0M
YoY Change 86.95% 16.66%
NET CHANGE
Cash From Operating Activities $581.4M $444.4M
Cash From Investing Activities -$276.7M -$291.3M
Cash From Financing Activities -$349.6M -$187.0M
Net Change In Cash -$44.90M -$33.90M
YoY Change 32.45% -3490.0%
FREE CASH FLOW
Cash From Operating Activities $581.4M $444.4M
Capital Expenditures $263.3M $223.9M
Free Cash Flow $318.1M $220.5M
YoY Change 44.26% 37.81%

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CY2018Q1 us-gaap Debt Instrument Face Amount
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8305200000 USD
CY2017Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
94300000 USD
CY2018Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
98500000 USD
CY2017Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
97900000 USD
CY2018Q1 us-gaap Deferred Compensation Liability Classified Noncurrent
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108100000 USD
CY2017Q4 us-gaap Deferred Compensation Plan Assets
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99900000 USD
CY2018Q1 us-gaap Deferred Compensation Plan Assets
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101100000 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
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3000000 USD
CY2018Q1 us-gaap Deferred Finance Costs Net
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2100000 USD
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
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8700000 USD
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
25300000 USD
CY2017Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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796400000 USD
CY2018Q1 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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836500000 USD
CY2018Q1 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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806800000 USD
CY2017Q4 us-gaap Deferred Revenue Current
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312100000 USD
CY2018Q1 us-gaap Deferred Revenue Current
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341500000 USD
CY2018Q1 us-gaap Deferred Tax Assets Valuation Allowance
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71600000 USD
CY2017Q1 us-gaap Depreciation Amortization And Accretion Net
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269900000 USD
CY2018Q1 us-gaap Depreciation Amortization And Accretion Net
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283500000 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
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249900000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
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263100000 USD
CY2017Q1 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
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1400000 USD
CY2018Q1 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
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900000 USD
CY2018Q1 us-gaap Dividends Common Stock Cash
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113300000 USD
CY2017Q4 us-gaap Dividends Payable Current
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114400000 USD
CY2018Q1 us-gaap Dividends Payable Current
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113300000 USD
CY2017Q1 us-gaap Earnings Per Share Basic
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0.55
CY2018Q1 us-gaap Earnings Per Share Basic
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0.72
CY2017Q1 us-gaap Earnings Per Share Diluted
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0.55
CY2018Q1 us-gaap Earnings Per Share Diluted
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0.72
CY2018Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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800000 USD
CY2017Q4 us-gaap Goodwill
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11315400000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.366
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.234
CY2017Q4 us-gaap Employee Related Liabilities Current
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212200000 USD
CY2018Q1 us-gaap Employee Related Liabilities Current
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143400000 USD
CY2017Q1 us-gaap Environmental Expense And Liabilities
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0 USD
CY2018Q1 us-gaap Environmental Expense And Liabilities
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1400000 USD
CY2017Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
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2900000 USD
CY2018Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
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0 USD
CY2018Q1 us-gaap Fair Value Inputs Discount Rate
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0.040
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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634300000 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
645700000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
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775400000 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Gross
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767000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
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141100000 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Net
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121300000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Purchase Accounting Adjustments
FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments
-9600000 USD
CY2017Q1 us-gaap Finitelived Intangible Assets Acquired1
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1200000 USD
CY2017Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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9000000 USD
CY2018Q1 us-gaap Goodwill
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11329100000 USD
CY2018Q1 us-gaap Goodwill Acquired During Period
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13900000 USD
CY2018Q1 us-gaap Goodwill Purchase Accounting Adjustments
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100000 USD
CY2018Q1 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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300000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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296200000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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310600000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
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108400000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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72700000 USD
CY2017Q1 us-gaap Income Taxes Paid
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1000000 USD
CY2018Q1 us-gaap Income Taxes Paid
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400000 USD
CY2017Q4 us-gaap Income Taxes Receivable
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59700000 USD
CY2018Q1 us-gaap Income Taxes Receivable
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23600000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
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-18200000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
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-3200000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
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26100000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
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-47500000 USD
CY2017Q1 us-gaap Increase Decrease In Asset Retirement Obligations
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-9700000 USD
CY2018Q1 us-gaap Increase Decrease In Asset Retirement Obligations
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-7300000 USD
CY2017Q1 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge1
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1600000 USD
CY2018Q1 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge1
IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1
6800000 USD
CY2017Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1
-1400000 USD
CY2018Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1
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-6800000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Liabilities
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-10900000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Liabilities
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-26500000 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-33100000 USD
CY2018Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2017Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2018Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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904000 shares
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CY2018Q1 us-gaap Interest Expense
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CY2017Q4 us-gaap Interest Payable Current
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74500000 USD
CY2018Q1 us-gaap Interest Payable Current
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CY2017Q4 us-gaap Interest Rate Derivative Assets At Fair Value
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27100000 USD
CY2018Q1 us-gaap Interest Rate Derivative Assets At Fair Value
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41800000 USD
CY2017Q4 us-gaap Inventory Net
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51200000 USD
CY2018Q1 us-gaap Inventory Net
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52300000 USD
CY2017Q1 us-gaap Investment Income Interest
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300000 USD
CY2018Q1 us-gaap Investment Income Interest
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200000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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21147000000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
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CY2017Q4 us-gaap Liabilities Current
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2634800000 USD
CY2018Q1 us-gaap Liabilities Current
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2560200000 USD
CY2017Q4 us-gaap Line Of Credit
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130000000 USD
CY2018Q1 us-gaap Line Of Credit
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CY2017Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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1639100000 USD
CY2018Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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1725500000 USD
CY2017Q4 us-gaap Long Term Debt
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CY2018Q1 us-gaap Long Term Debt
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CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2018Q1 us-gaap Long Term Debt And Capital Lease Obligations
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7499700000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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706700000 USD
CY2018Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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707000000 USD
CY2018Q1 us-gaap Loss Contingency Accrual At Carrying Value
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47000000 USD
CY2018Q1 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
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49000000 USD
CY2016Q4 us-gaap Marketable Securities Restricted Noncurrent
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CY2017Q1 us-gaap Marketable Securities Restricted Noncurrent
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44900000 USD
CY2017Q4 us-gaap Marketable Securities Restricted Noncurrent
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45300000 USD
CY2018Q1 us-gaap Marketable Securities Restricted Noncurrent
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44700000 USD
CY2017Q4 us-gaap Minority Interest
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2300000 USD
CY2018Q1 us-gaap Minority Interest
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2500000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
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444400000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2017Q1 us-gaap Net Income Loss
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CY2017Q1 us-gaap Net Income Loss
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187800000 USD
CY2018Q1 us-gaap Net Income Loss
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CY2018Q1 us-gaap Net Income Loss
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237700000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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200000 USD
CY2017Q4 us-gaap Nontrade Receivables Current
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28600000 USD
CY2018Q1 us-gaap Nontrade Receivables Current
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47300000 USD
CY2016Q1 us-gaap Number Of Reportable Segments
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2 Segment
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CY2018Q1 us-gaap Number Of Reportable Segments
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CY2018Q1 us-gaap Operating Income Loss
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CY2018Q1 us-gaap Other Accrued Liabilities Current
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CY2017Q4 us-gaap Other Assets Current
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CY2018Q1 us-gaap Other Assets Current
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CY2017Q4 us-gaap Other Assets Noncurrent
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CY2018Q1 us-gaap Other Assets Noncurrent
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404900000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
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379000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2018Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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600000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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19300000 USD
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CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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19100000 USD
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200000 USD
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18700000 USD
CY2017Q4 us-gaap Other Investments
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CY2018Q1 us-gaap Other Investments
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25900000 USD
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CY2018Q1 us-gaap Other Liabilities Noncurrent
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323500000 USD
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CY2018Q1 us-gaap Other Noncash Income Expense
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CY2018Q1 us-gaap Other Nonoperating Income Expense
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CY2018Q1 us-gaap Other Receivables
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30300000 USD
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2500000 USD
CY2018Q1 us-gaap Other Restricted Assets Noncurrent
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CY2018Q1 us-gaap Other Sundry Liabilities Current
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98800000 USD
CY2017Q1 us-gaap Payments For Environmental Liabilities
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11300000 USD
CY2018Q1 us-gaap Payments For Environmental Liabilities
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11200000 USD
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CY2018Q1 us-gaap Payments Of Dividends Common Stock
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54700000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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1085300000 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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19100000 USD
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1093900000 USD
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CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
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98900000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
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254500000 USD
CY2017Q1 us-gaap Payments For Restructuring
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5500000 USD
CY2018Q1 us-gaap Payments For Restructuring
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8400000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
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108600000 USD
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2900000 USD
CY2018Q1 us-gaap Payments To Acquire Marketable Securities
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30200000 USD
CY2017Q1 us-gaap Payments To Acquire Productive Assets
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223900000 USD
CY2018Q1 us-gaap Payments To Acquire Productive Assets
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263300000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
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223900000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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263300000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Benefit Expense
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1100000 USD
CY2018Q1 us-gaap Pension And Other Postretirement Benefit Expense
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7000000 USD
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7200000 USD
CY2017Q1 us-gaap Pension Expense
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1100000 USD
CY2018Q1 us-gaap Pension Expense
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50000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Authorized
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50000000 shares
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0 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
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CY2017Q4 us-gaap Preferred Stock Value
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CY2018Q1 us-gaap Preferred Stock Value
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86000000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
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1300000 USD
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CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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2800000 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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30400000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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1300000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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3600000 USD
CY2017Q1 us-gaap Profit Loss
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187800000 USD
CY2018Q1 us-gaap Profit Loss
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237900000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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7777400000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
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7783100000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
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5400000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
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6800000 USD
CY2017Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2018Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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200000 USD
CY2017Q4 us-gaap Reinsurance Recoverables
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65900000 USD
CY2018Q1 us-gaap Reinsurance Recoverables
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69200000 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
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1076200000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
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1073400000 USD
CY2016Q4 us-gaap Restricted Cash And Investments Noncurrent
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CY2017Q1 us-gaap Restricted Cash And Investments Noncurrent
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90800000 USD
CY2017Q4 us-gaap Restricted Cash And Investments Noncurrent
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141100000 USD
CY2018Q1 us-gaap Restricted Cash And Investments Noncurrent
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CY2017Q1 us-gaap Restructuring Charges
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4400000 USD
CY2018Q1 us-gaap Restructuring Charges
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9500000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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4152500000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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4309300000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4185900000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2427500000 USD
CY2017Q1 us-gaap Revenues
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2882300000 USD
CY2018Q1 us-gaap Revenues
Revenues
2868000000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
2392800000 USD
CY2018Q1 us-gaap Sales Revenue Net
SalesRevenueNet
2427500000 USD
CY2017Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
420200000 USD
CY2018Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
423900000 USD
CY2017Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
144800000 USD
CY2018Q1 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
149800000 USD
CY2017Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
275400000 USD
CY2018Q1 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
274100000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
253500000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
261200000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9600000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
11100000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
13400000 shares
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1300000 USD
CY2017Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
98400000 USD
CY2018Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1600000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
7958800000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
7911800000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7961100000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7914300000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
129700000 USD
CY2018Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
123200000 USD
CY2017Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
60.46
CY2018Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
66.69
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
18400000 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
22500000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1059400000 USD
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1314300000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
235600000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
500000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
13300000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
341900000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
341876000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
332200000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
332208000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
339868000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
330655000 shares
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Management&#8217;s Estimates and Assumptions</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing our financial statements, we make numerous estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. We must make these estimates and assumptions because certain information we use is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated based on generally accepted methodologies. In preparing our financial statements, the more critical and subjective areas that deal with the greatest amount of uncertainty relate to our accounting for our long-lived assets, including recoverability, landfill development costs, and final capping, closure and post-closure costs; our valuation allowances for accounts receivable and deferred tax assets; our liabilities for potential litigation, claims and assessments; our liabilities for environmental remediation, multiemployer pension funds, employee benefit plans, deferred taxes, uncertain tax positions, and insurance reserves; and our estimates of the fair values of assets acquired and liabilities assumed in any acquisition. Each of these items is discussed in more detail in our description of our significant accounting policies in Note 2, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Summary of Significant Accounting Policies</font><font style="font-family:inherit;font-size:10pt;">, of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">. Our actual results may differ significantly from our estimates.</font></div></div>

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