2018 Q3 Form 10-K Financial Statement

#000000412718000046 Filed on November 15, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 2017 Q3
Revenue $1.008B $3.868B $984.6M
YoY Change 2.42% 5.93% 17.86%
Cost Of Revenue $504.8M $1.917B $485.7M
YoY Change 3.93% 5.95% 30.07%
Gross Profit $503.6M $1.951B $498.9M
YoY Change 0.94% 5.91% 17.55%
Gross Profit Margin 49.94% 50.43% 50.67%
Selling, General & Admin $54.40M $207.8M $56.40M
YoY Change -3.55% 1.56% 20.26%
% of Gross Profit 10.8% 10.65% 11.3%
Research & Development $103.0M $404.5M $91.80M
YoY Change 12.2% 13.88% 17.84%
% of Gross Profit 20.45% 20.74% 18.4%
Depreciation & Amortization $83.80M $272.5M $65.40M
YoY Change 28.13% 19.94% 1.24%
% of Gross Profit 16.64% 13.97% 13.11%
Operating Expenses $163.7M $631.4M $153.2M
YoY Change 6.85% 7.38% 9.66%
Operating Profit $339.9M $1.319B $345.7M
YoY Change -1.68% 5.22% 44.89%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $3.300M $12.80M $1.800M
YoY Change 83.33% 300.0% -175.0%
Pretax Income $343.4M $712.2M $347.7M
YoY Change -1.24% 4.55% 47.21%
Income Tax $71.50M $413.7M $66.40M
% Of Pretax Income 20.82% 58.09% 19.1%
Net Earnings $285.5M $918.4M $281.3M
YoY Change 1.49% -9.09% 13.98%
Net Earnings / Revenue 28.31% 23.74% 28.57%
Basic Earnings Per Share $1.60 $5.06 $1.53
Diluted Earnings Per Share $1.58 $5.01 $1.51
COMMON SHARES
Basic Shares Outstanding 179.0M shares 181.3M shares 183.7M shares
Diluted Shares Outstanding 183.2M shares

Balance Sheet

Concept 2018 Q3 2018 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.027B $1.027B $1.617B
YoY Change -36.45% -36.45% 66.05%
Cash & Equivalents $733.3M $733.3M $1.617B
Short-Term Investments $294.1M $294.1M
Other Short-Term Assets $88.80M $88.80M $68.70M
YoY Change 29.26% 29.26% -11.58%
Inventory $490.2M $490.2M $493.5M
Prepaid Expenses
Receivables $655.8M $655.8M $454.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.262B $2.262B $2.634B
YoY Change -14.11% -14.11% 31.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.141B $1.141B $882.3M
YoY Change 29.31% 29.31% 9.43%
Goodwill $1.190B $883.0M
YoY Change 34.75% 1.11%
Intangibles $143.7M $67.80M
YoY Change 111.95% 1.19%
Long-Term Investments $22.80M $22.80M
YoY Change
Other Assets $33.00M $69.50M $40.30M
YoY Change -18.11% -34.93% -23.38%
Total Long-Term Assets $2.567B $2.567B $1.940B
YoY Change 32.31% 32.31% 4.67%
TOTAL ASSETS
Total Short-Term Assets $2.262B $2.262B $2.634B
Total Long-Term Assets $2.567B $2.567B $1.940B
Total Assets $4.829B $4.829B $4.574B
YoY Change 5.58% 5.58% 18.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $229.9M $229.9M $258.4M
YoY Change -11.03% -11.03% 134.06%
Accrued Expenses $85.20M $85.20M $68.10M
YoY Change 25.11% 25.11% 14.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $389.7M $389.7M $387.9M
YoY Change 0.46% 0.46% 84.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $31.70M $342.2M $27.10M
YoY Change 16.97% 185.17% -15.31%
Total Long-Term Liabilities $31.70M $342.2M $27.10M
YoY Change 16.97% 185.17% -15.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $389.7M $389.7M $387.9M
Total Long-Term Liabilities $31.70M $342.2M $27.10M
Total Liabilities $731.9M $731.9M $507.9M
YoY Change 44.1% 44.1% 61.75%
SHAREHOLDERS EQUITY
Retained Earnings $3.733B $3.060B
YoY Change 22.01% 35.17%
Common Stock $3.105B $2.940B
YoY Change 5.64% 7.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.733B $1.925B
YoY Change 41.95% 33.36%
Treasury Stock Shares
Shareholders Equity $4.097B $4.097B $4.066B
YoY Change
Total Liabilities & Shareholders Equity $4.829B $4.829B $4.574B
YoY Change 5.58% 5.58% 18.63%

Cashflow Statement

Concept 2018 Q3 2018 2017 Q3
OPERATING ACTIVITIES
Net Income $285.5M $918.4M $281.3M
YoY Change 1.49% -9.09% 13.98%
Depreciation, Depletion And Amortization $83.80M $272.5M $65.40M
YoY Change 28.13% 19.94% 1.24%
Cash From Operating Activities $207.6M $1.261B $410.4M
YoY Change -49.42% -13.44% 191.27%
INVESTING ACTIVITIES
Capital Expenditures -$112.3M $422.3M -$97.40M
YoY Change 15.3% -233.89% 70.28%
Acquisitions $404.0M
YoY Change 2848.91%
Other Investing Activities -$228.9M -$719.5M $0.00
YoY Change 6752.38% -100.0%
Cash From Investing Activities -$341.2M -$1.150B -$97.40M
YoY Change 250.31% 252.99% -13.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $741.3M
YoY Change 77.64%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -291.2M -$993.7M -140.2M
YoY Change 107.7% 66.34% -39.7%
NET CHANGE
Cash From Operating Activities 207.6M $1.261B 410.4M
Cash From Investing Activities -341.2M -$1.150B -97.40M
Cash From Financing Activities -291.2M -$993.7M -140.2M
Net Change In Cash -424.8M -$883.5M 172.8M
YoY Change -345.83% -265.76% -184.79%
FREE CASH FLOW
Cash From Operating Activities $207.6M $1.261B $410.4M
Capital Expenditures -$112.3M $422.3M -$97.40M
Free Cash Flow $319.9M $838.3M $507.8M
YoY Change -37.0% -52.68% 156.34%

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5700000 USD
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57300000 USD
CY2018Q3 us-gaap Deferred Tax Assets Liabilities Net
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21600000 USD
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66500000 USD
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36500000 USD
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89200000 USD
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69100000 USD
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7700000 USD
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15500000 USD
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2700000 USD
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3300000 USD
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7900000 USD
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9100000 USD
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71000000 USD
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97000000 USD
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20100000 USD
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20300000 USD
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7100000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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4900000 USD
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40200000 USD
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0.38
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1.50
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1200000 USD
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100000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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0 USD
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5200000 USD
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4600000 USD
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90900000 USD
CY2018Q3 us-gaap Deferred Tax Assets Valuation Allowance
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118600000 USD
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31900000 USD
CY2018Q3 us-gaap Deferred Tax Liabilities
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47500000 USD
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6200000 USD
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19300000 USD
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0 USD
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2000000 USD
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900000 USD
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24800000 USD
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25600000 USD
CY2017Q3 us-gaap Defined Benefit Plan Benefit Obligation
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17000000 USD
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16100000 USD
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11500000 USD
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11300000 USD
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CY2018Q3 us-gaap Defined Benefit Plan Funded Status Of Plan
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227200000 USD
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272500000 USD
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200800000 USD
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214200000 USD
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243200000 USD
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1.38
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1.20
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1.32
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1.57
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1.58
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5.01
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68100000 USD
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85200000 USD
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3700000 USD
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4000000 USD
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2900000 USD
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22500000 USD
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25100000 USD
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25600000 USD
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40800000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
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43700000 USD
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40800000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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0 USD
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0 USD
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0 USD
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0 USD
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0 USD
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0 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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0 USD
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4700000 USD
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47400000 USD
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1100000 USD
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1100000 USD
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9100000 USD
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34300000 USD
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P364D
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P364D
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88500000 USD
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0 USD
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9700000 USD
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306800000 USD
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1200600000 USD
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1257000000 USD
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1332100000 USD
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18900000 USD
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205400000 USD
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246800000 USD
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37400000 USD
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38400000 USD
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2020-09-30
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0 USD
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18300000 USD
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19100000 USD
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19800000 USD
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13900000 USD
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420200000 USD
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439900000 USD
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327400000 USD
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0 USD
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0 USD
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1300000 USD
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5000000 USD
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8000000 USD
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0 USD
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0 USD
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224600000 USD
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12600000 USD
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6700000 USD
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33700000 USD
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16300000 USD
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19900000 USD
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165900000 USD
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163200000 USD
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135900000 USD
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147800000 USD
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147300000 USD
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69200000 USD
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20400000 USD
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12200000 USD
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27900000 USD
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97600000 USD
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240600000 USD
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37100000 USD
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193800000 USD
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3400000 shares
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2400000 shares
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1900000 shares
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187200000 USD
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67800000 USD
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143700000 USD
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124800000 USD
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493500000 USD
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490200000 USD
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24600000 USD
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20200000 USD
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330600000 USD
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340700000 USD
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19500000 USD
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20600000 USD
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20500000 USD
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507900000 USD
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731900000 USD
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4573600000 USD
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4828900000 USD
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387900000 USD
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389700000 USD
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92900000 USD
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310500000 USD
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294100000 USD
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0 USD
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22800000 USD
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1077700000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1456300000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1260600000 USD
CY2016 us-gaap Net Income Loss
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CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
257800000 USD
CY2017Q1 us-gaap Net Income Loss
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224900000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
281300000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
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CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q1 us-gaap Net Income Loss
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276000000 USD
CY2018Q2 us-gaap Net Income Loss
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286500000 USD
CY2018Q3 us-gaap Net Income Loss
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285500000 USD
CY2018 us-gaap Net Income Loss
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918400000 USD
CY2016 us-gaap Operating Expenses
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546500000 USD
CY2017 us-gaap Operating Expenses
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588000000 USD
CY2018 us-gaap Operating Expenses
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631400000 USD
CY2016 us-gaap Operating Income Loss
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1118700000 USD
CY2017 us-gaap Operating Income Loss
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1253800000 USD
CY2018 us-gaap Operating Income Loss
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1319300000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
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86800000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due Current
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21600000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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5300000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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12200000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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14200000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
18300000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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15200000 USD
CY2018Q3 us-gaap Operating Loss Carryforwards
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41000000 USD
CY2018 us-gaap Operating Loss Carryforwards Expiration Date
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2035-12-31
CY2017Q3 us-gaap Other Assets Current
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68700000 USD
CY2018Q3 us-gaap Other Assets Current
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88800000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
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40300000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
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33000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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900000 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-100000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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900000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-800000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
200000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2700000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2400000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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300000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
1800000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-700000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2016 us-gaap Other Depreciation And Amortization
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33400000 USD
CY2017 us-gaap Other Depreciation And Amortization
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27600000 USD
CY2018 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
26700000 USD
CY2017Q3 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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15300000 USD
CY2018Q3 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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4500000 USD
CY2017Q3 us-gaap Other Liabilities Current
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61400000 USD
CY2018Q3 us-gaap Other Liabilities Current
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74600000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
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27100000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
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31700000 USD
CY2016 us-gaap Other Noncash Income Expense
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-300000 USD
CY2017 us-gaap Other Noncash Income Expense
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-300000 USD
CY2018 us-gaap Other Noncash Income Expense
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700000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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-6600000 USD
CY2017 us-gaap Other Nonoperating Income Expense
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3200000 USD
CY2018 us-gaap Other Nonoperating Income Expense
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12800000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
525600000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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432300000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
759500000 USD
CY2016Q4 us-gaap Payments Of Dividends Common Stock
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51800000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
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51800000 USD
CY2017Q2 us-gaap Payments Of Dividends Common Stock
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51700000 USD
CY2017Q3 us-gaap Payments Of Dividends Common Stock
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58900000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
214200000 USD
CY2017Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58800000 USD
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58500000 USD
CY2018Q2 us-gaap Payments Of Dividends Common Stock
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57800000 USD
CY2018Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
68100000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
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243200000 USD
CY2016 us-gaap Payments Of Ordinary Dividends
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201000000 USD
CY2017 us-gaap Payments Of Ordinary Dividends
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214600000 USD
CY2018 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
243200000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
73300000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
49200000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
48000000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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55600000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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13700000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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404000000 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
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6000000 USD
CY2017 us-gaap Payments To Acquire Intangible Assets
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12100000 USD
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
8600000 USD
CY2016 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
683700000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
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189300000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
303300000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
422300000 USD
CY2017Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2018Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Other Investments
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0 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
3200000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
368200000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
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28100000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
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53800000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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38800000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
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2059000000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
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2549700000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
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882300000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1140900000 USD
CY2017Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
454700000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
655800000 USD
CY2016 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
CY2017 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
5500000 USD
CY2018 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
312400000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
355200000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
404500000 USD
CY2016 us-gaap Restructuring Charges
RestructuringCharges
4800000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
600000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
800000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
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3059600000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
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3732900000 USD
CY2016 us-gaap Sales Revenue Net
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3289000000 USD
CY2016Q4 us-gaap Sales Revenue Net
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914300000 USD
CY2017Q1 us-gaap Sales Revenue Net
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851700000 USD
CY2017Q2 us-gaap Sales Revenue Net
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900800000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
984600000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
3651400000 USD
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
1051900000 USD
CY2018Q1 us-gaap Sales Revenue Net
SalesRevenueNet
913400000 USD
CY2018Q2 us-gaap Sales Revenue Net
SalesRevenueNet
894300000 USD
CY2018Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1008400000 USD
CY2018 us-gaap Sales Revenue Net
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3868000000 USD
CY2016 us-gaap Selling General And Administrative Expense
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195900000 USD
CY2017 us-gaap Selling General And Administrative Expense
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204600000 USD
CY2018 us-gaap Selling General And Administrative Expense
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207800000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
78000000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
88500000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
107800000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
300000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
86.64
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1300000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
62.02
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
72.84
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
108.86
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2900000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2700000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
75.49
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
92.37
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1200000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
69.55
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
85300000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
13800000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1200000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
50.15
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
72.42
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
100000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
100000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
26.30
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.25
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
68.32
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
64300000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3000000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1900000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
50.36
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
57.12
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.01
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
35.92
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.66
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
50800000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y3M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y0M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
21900000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
19300000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
22600000 USD
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1100000 shares
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
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1000000000 USD
CY2018Q1 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2020-01-31
CY2018Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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413000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3159200000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
3541400000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
4065700000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
4097000000 USD
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
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92.97
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
98.84
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4700000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7700000 shares
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1925000000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
2732500000 USD
CY2016 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
525600000 USD
CY2017 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
432300000 USD
CY2018 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
759500000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90400000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
93400000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
4100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
13500000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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10500000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
77700000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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192100000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
186700000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183200000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188700000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184300000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181300000 shares
CY2018 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FISCAL YEAR</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year ends on the Friday closest to September 30. Fiscal 2018, 2017, and 2016 each consisted of </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> weeks and ended on September 28, 2018, September 29, 2017, and September 30, 2016, respectively. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2018 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONTINGENCIES</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Legal Matters</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, various lawsuits, claims and proceedings have been, and may in the future be, instituted or asserted against the Company, including those pertaining to patent infringement, intellectual property, environmental hazards, product liability and warranty, safety and health, employment and contractual matters.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The semiconductor industry is characterized by vigorous protection and pursuit of intellectual property rights. From time to time, third parties have asserted and may in the future assert patent, copyright, trademark and other intellectual property rights to technologies that are important to the Company&#8217;s business and have demanded and may in the future demand that the Company license their technology. The outcome of any such litigation cannot be predicted with certainty and some such lawsuits, claims or proceedings may be disposed of unfavorably to the Company. Generally speaking, intellectual property disputes often have a risk of injunctive relief, which, if imposed against the Company, could materially and adversely affect the Company&#8217;s financial condition, or results of operations. From time to time the Company may also be involved in legal proceedings in the ordinary course of business.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company monitors the status of legal proceedings and other contingencies on an ongoing basis to ensure loss contingencies are recognized and/or disclosed in its financial statements and footnotes. The Company does not believe there are any pending legal proceedings that are reasonably possible to result in a material loss. The Company is engaged in various legal actions in the normal course of business and, while there can be no assurances, the Company believes the outcome of all pending litigation involving the Company will not have, individually or in the aggregate, a material adverse effect on its business or financial statements.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">USE OF ESTIMATES</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, revenue, expenses, comprehensive income and accumulated other comprehensive loss during the reporting period. The Company evaluates its estimates on an ongoing basis using historical experience and other factors, including the current economic environment. Significant judgment is required in determining the reserves for and fair value of items such as overall fair value assessments of assets and liabilities, inventory, intangible assets associated with business combinations, share-based compensation, loss contingencies, and income taxes. In addition, significant judgment is required in determining whether a potential indicator of impairment of long-lived assets exists and in estimating future cash flows for any necessary impairment testing. Actual results could differ significantly from these estimates.</font></div></div>

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