2013 Q4 Form 10-K Financial Statement

#000031076415000022 Filed on February 12, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $2.468B $2.151B $2.212B
YoY Change 5.61% 4.82% 5.03%
Cost Of Revenue $815.0M $682.0M $730.0M
YoY Change 9.4% 4.12% 8.63%
Gross Profit $1.616B $1.469B $1.482B
YoY Change 1.44% 5.15% 3.35%
Gross Profit Margin 65.48% 68.29% 67.0%
Selling, General & Admin $780.0M $1.136B $1.015B
YoY Change -23.59% 43.62% 23.33%
% of Gross Profit 48.27% 77.33% 68.49%
Research & Development $139.0M $136.0M $132.0M
YoY Change 7.75% 19.3% 13.79%
% of Gross Profit 8.6% 9.26% 8.91%
Depreciation & Amortization $82.00M $42.00M $43.00M
YoY Change -194.25% 10.53% 13.16%
% of Gross Profit 5.07% 2.86% 2.9%
Operating Expenses $955.0M $1.319B $1.192B
YoY Change -19.12% 39.28% 20.53%
Operating Profit $661.0M $150.0M $290.0M
YoY Change 60.36% -66.67% -34.83%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.000M -$13.00M -$21.00M
YoY Change -108.33% 116.67% 110.0%
Pretax Income $431.0M $137.0M $269.0M
YoY Change 20.39% -69.14% -38.16%
Income Tax $45.00M $34.00M $56.00M
% Of Pretax Income 10.44% 24.82% 20.82%
Net Earnings $386.0M $103.0M $213.0M
YoY Change 42.96% -70.82% -34.46%
Net Earnings / Revenue 15.64% 4.79% 9.63%
Basic Earnings Per Share $1.02 $0.27 $0.56
Diluted Earnings Per Share $1.01 $0.27 $0.56
COMMON SHARES
Basic Shares Outstanding 378.3M shares 378.0M shares
Diluted Shares Outstanding 381.7M shares 381.0M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.052B $5.205B $4.714B
YoY Change -6.68% 32.78% 34.15%
Cash & Equivalents $1.339B $1.110B $971.0M
Short-Term Investments $2.713B $4.095B $3.743B
Other Short-Term Assets $1.415B $1.275B $1.279B
YoY Change 21.15% 15.28% 18.32%
Inventory $1.422B $1.404B $1.345B
Prepaid Expenses $535.0M $518.0M $498.0M
Receivables $1.518B $1.370B $1.413B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.335B $9.187B $8.689B
YoY Change 2.3% 20.25% 20.71%
LONG-TERM ASSETS
Property, Plant & Equipment $1.081B $1.036B $1.021B
YoY Change 14.03% 11.52% 13.7%
Goodwill $3.844B $2.603B $2.573B
YoY Change 79.46% 26.36% 26.87%
Intangibles $1.989B $1.539B $1.545B
YoY Change 39.68% 14.68% 14.53%
Long-Term Investments
YoY Change
Other Assets $494.0M $518.0M $554.0M
YoY Change -9.19% 206.51% 250.63%
Total Long-Term Assets $7.064B $5.696B $5.693B
YoY Change 39.66% 10.88% 12.42%
TOTAL ASSETS
Total Short-Term Assets $8.335B $9.187B $8.689B
Total Long-Term Assets $7.064B $5.696B $5.693B
Total Assets $15.40B $14.88B $14.38B
YoY Change 16.61% 16.48% 17.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $314.0M $278.0M $277.0M
YoY Change 9.03% 2.96% -6.1%
Accrued Expenses $2.069B $1.890B $1.512B
YoY Change 47.79% 64.63% 37.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $25.00M $31.00M $29.00M
YoY Change 56.25% 72.22% 81.25%
Total Short-Term Liabilities $2.657B $2.324B $1.971B
YoY Change 41.63% 47.46% 32.37%
LONG-TERM LIABILITIES
Long-Term Debt $2.739B $2.743B $2.742B
YoY Change 56.87% 56.65% 56.69%
Other Long-Term Liabilities $1.300B $1.079B $1.066B
YoY Change 31.71% -0.92% -0.47%
Total Long-Term Liabilities $4.039B $3.822B $3.808B
YoY Change 47.79% 34.58% 34.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.657B $2.324B $1.971B
Total Long-Term Liabilities $4.039B $3.822B $3.808B
Total Liabilities $6.696B $6.146B $5.779B
YoY Change 45.28% 39.18% 34.08%
SHAREHOLDERS EQUITY
Retained Earnings $7.617B $7.411B $7.410B
YoY Change 3.89% 3.48% 7.27%
Common Stock $1.160B $1.142B $1.124B
YoY Change 5.65% 5.45% 5.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.047B $8.737B $8.603B
YoY Change
Total Liabilities & Shareholders Equity $15.74B $14.88B $14.38B
YoY Change 19.21% 16.48% 17.29%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $386.0M $103.0M $213.0M
YoY Change 42.96% -70.82% -34.46%
Depreciation, Depletion And Amortization $82.00M $42.00M $43.00M
YoY Change -194.25% 10.53% 13.16%
Cash From Operating Activities $672.0M $622.0M $356.0M
YoY Change 12.75% 9.31% -22.1%
INVESTING ACTIVITIES
Capital Expenditures -$56.00M $43.00M $47.00M
YoY Change 14.29% -25.86% -7.84%
Acquisitions $24.00M $62.00M
YoY Change -35.14% 6100.0%
Other Investing Activities -$235.0M -$325.0M -$1.151B
YoY Change -54.81% -12.16% -364.6%
Cash From Investing Activities -$291.0M -$368.0M -$1.198B
YoY Change -48.86% -14.02% -411.98%
FINANCING ACTIVITIES
Cash Dividend Paid $100.0M $100.0M
YoY Change 23.46% 23.46%
Common Stock Issuance & Retirement, Net $2.000M
YoY Change -89.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -153.0M -$105.0M -$93.00M
YoY Change 142.86% -4.55% -37.16%
NET CHANGE
Cash From Operating Activities 672.0M $622.0M $356.0M
Cash From Investing Activities -291.0M -$368.0M -$1.198B
Cash From Financing Activities -153.0M -$105.0M -$93.00M
Net Change In Cash 228.0M $149.0M -$935.0M
YoY Change -733.33% 380.65% -234.92%
FREE CASH FLOW
Cash From Operating Activities $672.0M $622.0M $356.0M
Capital Expenditures -$56.00M $43.00M $47.00M
Free Cash Flow $728.0M $579.0M $309.0M
YoY Change 12.87% 13.31% -23.89%

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CY2014 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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CY2014Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2014 us-gaap Defined Benefit Plan Service Cost
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CY2014 us-gaap Defined Benefit Plan Target Plan Asset Allocations
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CY2014Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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CY2013 us-gaap Defined Contribution Plan Cost Recognized
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CY2014 us-gaap Defined Contribution Plan Cost Recognized
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CY2013 us-gaap Depreciation
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CY2014 us-gaap Depreciation
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CY2013 us-gaap Earnings Per Share Basic
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CY2014 us-gaap Earnings Per Share Basic
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CY2013 us-gaap Earnings Per Share Diluted
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CY2014 us-gaap Earnings Per Share Diluted
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CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013Q4 us-gaap Employee Related Liabilities Current
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CY2014Q4 us-gaap Employee Related Liabilities Current
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CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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64000000 USD
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P1Y6M
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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59000000 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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48000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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196000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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164000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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166000000 USD
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CY2013Q3 us-gaap Gross Profit
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CY2013Q4 us-gaap Gross Profit
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CY2013 us-gaap Gross Profit
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CY2014Q1 us-gaap Gross Profit
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CY2014Q2 us-gaap Gross Profit
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CY2014Q3 us-gaap Gross Profit
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CY2014Q4 us-gaap Gross Profit
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CY2014 us-gaap Gross Profit
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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137000000 USD
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431000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1212000000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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107000000 USD
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167000000 USD
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425000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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461000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1160000000 USD
CY2012 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Tax Expense Benefit
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206000000 USD
CY2014 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Taxes Paid Net
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321000000 USD
CY2014 us-gaap Income Taxes Paid Net
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437000000 USD
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20000000 USD
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89000000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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133000000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
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9000000 USD
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41000000 USD
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77000000 USD
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173000000 USD
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227000000 USD
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248000000 USD
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CY2014 us-gaap Investment Income Nonoperating
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98000000 USD
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100000000 USD
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CY2013Q4 us-gaap Liabilities And Stockholders Equity
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CY2014Q4 us-gaap Liabilities Current
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133000000 USD
CY2014Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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140000000 USD
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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1250000000 USD
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CY2014 us-gaap Net Income Loss
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CY2014 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014Q4 us-gaap Other Liabilities Noncurrent
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CY2012 us-gaap Payments For Repurchase Of Common Stock
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CY2012 us-gaap Payments Of Dividends
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CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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2320000000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2012 us-gaap Payments To Acquire Marketable Securities
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CY2013 us-gaap Payments To Acquire Marketable Securities
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CY2014 us-gaap Payments To Acquire Marketable Securities
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CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2012 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2012 us-gaap Proceeds From Short Term Debt
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369000000 USD
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2597000000 USD
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CY2014Q4 us-gaap Property Plant And Equipment Net
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CY2014Q4 us-gaap Recorded Unconditional Purchase Obligation Due After Fifth Year
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56000000 USD
CY2014Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fifth Year
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CY2014Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fourth Year
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CY2014Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Second Year
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CY2014Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Third Year
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121000000 USD
CY2014Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
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710000000 USD
CY2012 us-gaap Repayments Of Short Term Debt
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CY2013 us-gaap Repayments Of Short Term Debt
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355000000 USD
CY2014 us-gaap Repayments Of Short Term Debt
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1428000000 USD
CY2012 us-gaap Research And Development Expense
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CY2013 us-gaap Research And Development Expense
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536000000 USD
CY2014 us-gaap Research And Development Expense
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614000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2013 us-gaap Sales Revenue Net
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CY2014 us-gaap Sales Revenue Net
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SellingGeneralAndAdministrativeExpense
3575000000 USD
CY2012 us-gaap Share Based Compensation
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75000000 USD
CY2013 us-gaap Share Based Compensation
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76000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
77000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.015
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.019
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.018
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.276
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.279
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.202
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.021
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8700000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
54.34
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
52000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
97000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
113000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
600000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2500000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.36
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.24
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.80
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
524200000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
17000000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15200000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
55.35
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
59.97
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
163200000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
6000000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
67.17
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
52.20
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
65.23
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
81.13
CY2014 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
38.71
CY2014 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
81.14
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y1M
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y1M
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y1M
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
349700000 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M18D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M6D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y
CY2012 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1500000 shares
CY2013 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2100000 shares
CY2014 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2200000 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3700000 shares
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7000000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1000000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
19000000 USD
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
15000000 USD
CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
16000000 USD
CY2014 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
18000000 USD
CY2014Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
583000000 USD
CY2012 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2100000 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
4800000 shares
CY2014 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1300000 shares
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
108000000 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
317000000 USD
CY2014 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
100000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
7683000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
8597000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
9047000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
8595000000 USD
CY2014Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
21000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
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227000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
204000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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315000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
6000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
37000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
33000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
34000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
26000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-4000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
12000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
8000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
22000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
133000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
56000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
23000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
307000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
64000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2400000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3500000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4300000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
383000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
382100000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
382800000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
380600000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378600000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378500000 shares
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:9pt;">Stryker Corporation (the "Company," "we," "us," or "our") is one of the world's leading medical technology companies. Our products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.</font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:9pt;">Preparation of financial statements in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying disclosures. These estimates are based on management's best knowledge of current events and actions we may undertake in the future. Estimates are used in accounting for, among other items, pensions, stock options, valuation of acquired intangible assets, useful lives for depreciation and amortization of long-lived assets, future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets, excess and obsolete inventory, deferred tax assets and liabilities, uncertain income tax positions and contingencies. Actual results may ultimately differ from estimates. </font></div></div>

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