2014 Q4 Form 10-K Financial Statement

#000031076416000226 Filed on February 11, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $2.618B $2.389B $2.363B
YoY Change 6.08% 11.06% 6.83%
Cost Of Revenue $899.0M $829.0M $815.0M
YoY Change 10.31% 21.55% 11.64%
Gross Profit $1.718B $1.560B $1.548B
YoY Change 6.31% 6.19% 4.45%
Gross Profit Margin 65.62% 65.3% 65.51%
Selling, General & Admin $849.0M $878.0M $870.0M
YoY Change 8.85% -22.71% -14.29%
% of Gross Profit 49.42% 56.28% 56.2%
Research & Development $153.0M $153.0M $158.0M
YoY Change 10.07% 12.5% 19.7%
% of Gross Profit 8.91% 9.81% 10.21%
Depreciation & Amortization $96.00M $47.00M $47.00M
YoY Change 17.07% 11.9% 9.3%
% of Gross Profit 5.59% 3.01% 3.04%
Operating Expenses $1.048B $1.110B $1.351B
YoY Change 9.74% -15.85% 13.34%
Operating Profit $670.0M $450.0M $197.0M
YoY Change 1.36% 200.0% -32.07%
Interest Expense $15.00M
YoY Change
% of Operating Profit 2.24%
Other Income/Expense, Net -$22.00M -$25.00M -$30.00M
YoY Change -2300.0% 92.31% 42.86%
Pretax Income $461.0M $425.0M $167.0M
YoY Change 6.96% 210.22% -37.92%
Income Tax $201.0M $368.0M $39.00M
% Of Pretax Income 43.6% 86.59% 23.35%
Net Earnings $260.0M $57.00M $128.0M
YoY Change -32.64% -44.66% -39.91%
Net Earnings / Revenue 9.93% 2.39% 5.42%
Basic Earnings Per Share $0.68 $0.16 $0.34
Diluted Earnings Per Share $0.67 $0.16 $0.33
COMMON SHARES
Basic Shares Outstanding 378.4M shares 378.8M shares
Diluted Shares Outstanding 382.5M shares 382.7M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.104B $4.754B $4.822B
YoY Change 25.96% -8.66% 2.29%
Cash & Equivalents $1.795B $1.356B $1.319B
Short-Term Investments $3.309B $3.398B $3.503B
Other Short-Term Assets $524.0M $1.454B $1.546B
YoY Change -62.97% 14.04% 20.88%
Inventory $1.588B $1.666B $1.587B
Prepaid Expenses $524.0M $467.0M $605.0M
Receivables $1.572B $1.529B $1.503B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.684B $9.326B $9.381B
YoY Change 4.19% 1.51% 7.96%
LONG-TERM ASSETS
Property, Plant & Equipment $1.098B $1.104B $1.127B
YoY Change 1.57% 6.56% 10.38%
Goodwill $4.186B $4.257B $4.101B
YoY Change 8.9% 63.54% 59.39%
Intangibles $2.018B $2.108B $2.090B
YoY Change 1.46% 36.97% 35.28%
Long-Term Investments
YoY Change
Other Assets $1.293B $720.0M $530.0M
YoY Change 161.74% 39.0% -4.33%
Total Long-Term Assets $8.574B $8.189B $7.848B
YoY Change 21.38% 43.77% 37.85%
TOTAL ASSETS
Total Short-Term Assets $8.684B $9.326B $9.381B
Total Long-Term Assets $8.574B $8.189B $7.848B
Total Assets $17.26B $17.52B $17.23B
YoY Change 12.07% 17.68% 19.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $329.0M $335.0M $337.0M
YoY Change 4.78% 20.5% 21.66%
Accrued Expenses $2.928B $2.633B $2.522B
YoY Change 41.52% 39.31% 66.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $727.0M $731.0M $630.0M
YoY Change 2808.0% 2258.06% 2072.41%
Total Short-Term Liabilities $4.461B $4.211B $3.713B
YoY Change 67.9% 81.2% 88.38%
LONG-TERM LIABILITIES
Long-Term Debt $3.246B $3.231B $3.237B
YoY Change 18.51% 17.79% 18.05%
Other Long-Term Liabilities $977.0M $1.449B $1.277B
YoY Change -24.85% 34.29% 19.79%
Total Long-Term Liabilities $4.223B $4.680B $4.514B
YoY Change 4.56% 22.45% 18.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.461B $4.211B $3.713B
Total Long-Term Liabilities $4.223B $4.680B $4.514B
Total Liabilities $8.684B $8.891B $8.227B
YoY Change 29.69% 44.66% 42.36%
SHAREHOLDERS EQUITY
Retained Earnings $7.559B $7.430B $7.525B
YoY Change -0.76% 0.26% 1.55%
Common Stock $1.252B $1.230B $1.208B
YoY Change 7.93% 7.71% 7.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.595B $8.624B $9.002B
YoY Change
Total Liabilities & Shareholders Equity $17.28B $17.52B $17.23B
YoY Change 9.76% 17.68% 19.8%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $260.0M $57.00M $128.0M
YoY Change -32.64% -44.66% -39.91%
Depreciation, Depletion And Amortization $96.00M $47.00M $47.00M
YoY Change 17.07% 11.9% 9.3%
Cash From Operating Activities $679.0M $535.0M $366.0M
YoY Change 1.04% -13.99% 2.81%
INVESTING ACTIVITIES
Capital Expenditures -$61.00M $48.00M $54.00M
YoY Change 8.93% 11.63% 14.89%
Acquisitions $368.0M $185.0M
YoY Change 1433.33% 198.39%
Other Investing Activities -$27.00M -$376.0M -$961.0M
YoY Change -88.51% 15.69% -16.51%
Cash From Investing Activities -$88.00M -$424.0M -$1.015B
YoY Change -69.76% 15.22% -15.28%
FINANCING ACTIVITIES
Cash Dividend Paid $115.0M $116.0M
YoY Change 15.0% 16.0%
Common Stock Issuance & Retirement, Net $40.00M $60.00M
YoY Change 1900.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -82.00M -$67.00M $588.0M
YoY Change -46.41% -36.19% -732.26%
NET CHANGE
Cash From Operating Activities 679.0M $535.0M $366.0M
Cash From Investing Activities -88.00M -$424.0M -$1.015B
Cash From Financing Activities -82.00M -$67.00M $588.0M
Net Change In Cash 509.0M $44.00M -$61.00M
YoY Change 123.25% -70.47% -93.48%
FREE CASH FLOW
Cash From Operating Activities $679.0M $535.0M $366.0M
Capital Expenditures -$61.00M $48.00M $54.00M
Free Cash Flow $740.0M $487.0M $312.0M
YoY Change 1.65% -15.89% 0.97%

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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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CY2015Q4 us-gaap Deferred Tax Liabilities Other
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CY2015Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2014Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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CY2015Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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CY2015Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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CY2015 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2013Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Current And Noncurrent
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CY2014Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Current And Noncurrent
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CY2015Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Current And Noncurrent
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CY2014 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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CY2014 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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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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CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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CY2013Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2014Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2015Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2014 us-gaap Defined Benefit Plan Benefits Paid
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CY2015 us-gaap Defined Benefit Plan Benefits Paid
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CY2014 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Plan Assets
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CY2015 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Plan Assets
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CY2014 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
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CY2015 us-gaap Defined Benefit Plan Contributions By Employer
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CY2014 us-gaap Defined Benefit Plan Contributions By Plan Participants
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CY2015 us-gaap Defined Benefit Plan Contributions By Plan Participants
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CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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CY2015Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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CY2013 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2014 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2015 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2014Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2014 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Plan Assets
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CY2015 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Plan Assets
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CY2014Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2015Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2013 us-gaap Defined Benefit Plan Interest Cost
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CY2014 us-gaap Defined Benefit Plan Interest Cost
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CY2015 us-gaap Defined Benefit Plan Interest Cost
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CY2013 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2015 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2014 us-gaap Defined Benefit Plan Plan Amendments
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CY2015 us-gaap Defined Benefit Plan Plan Amendments
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CY2013 us-gaap Defined Benefit Plan Service Cost
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CY2014 us-gaap Defined Benefit Plan Service Cost
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CY2015 us-gaap Defined Benefit Plan Service Cost
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CY2015 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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CY2015Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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CY2015 us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Next Fiscal Year
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CY2014 us-gaap Defined Contribution Plan Cost Recognized
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132000000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
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148000000 USD
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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18000000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2013 us-gaap Depreciation
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CY2014 us-gaap Depreciation
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CY2015 us-gaap Depreciation
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CY2014 us-gaap Depreciation Depletion And Amortization
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CY2015 us-gaap Depreciation Depletion And Amortization
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CY2013 us-gaap Dividends Cash
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CY2014 us-gaap Dividends Cash
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CY2015 us-gaap Dividends Cash
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CY2014Q4 us-gaap Dividends Payable Current
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CY2015Q4 us-gaap Dividends Payable Current
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CY2014Q1 us-gaap Earnings Per Share Basic
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CY2014 us-gaap Earnings Per Share Basic
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CY2015Q1 us-gaap Earnings Per Share Basic
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CY2015 us-gaap Earnings Per Share Basic
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CY2013 us-gaap Earnings Per Share Diluted
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CY2014Q1 us-gaap Earnings Per Share Diluted
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CY2014Q2 us-gaap Earnings Per Share Diluted
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0.33
CY2014Q3 us-gaap Earnings Per Share Diluted
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0.16
CY2014Q4 us-gaap Earnings Per Share Diluted
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0.67
CY2014 us-gaap Earnings Per Share Diluted
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1.34
CY2015Q1 us-gaap Earnings Per Share Diluted
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0.58
CY2015Q2 us-gaap Earnings Per Share Diluted
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CY2015Q3 us-gaap Earnings Per Share Diluted
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CY2015Q4 us-gaap Earnings Per Share Diluted
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CY2015 us-gaap Earnings Per Share Diluted
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CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2015 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 Foreign Income Tax Rate Differential
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.015
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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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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0.022
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.021
CY2014Q4 us-gaap Employee Related Liabilities Current
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597000000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current
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637000000 USD
CY2015Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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79000000 USD
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P1Y7M
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1142000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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202000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
148000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
165000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2014 us-gaap Gross Profit
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345000000 USD
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425000000 USD
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612000000 USD
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55000000 USD
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140000000 USD
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152000000 USD
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1250000000 USD
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20000000 USD
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35000000 USD
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38000000 USD
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28000000 USD
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55000000 USD
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8000000 USD
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7000000 USD
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13000000 USD
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CY2013 us-gaap Payments To Acquire Marketable Securities
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233000000 USD
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270000000 USD
CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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259000000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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239000000 USD
CY2015Q4 us-gaap Preferred Stock Capital Shares Reserved For Future Issuance
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CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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1
CY2014Q4 us-gaap Prepaid Expense Current
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32000000 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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3636000000 USD
CY2015 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2013 us-gaap Proceeds From Short Term Debt
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369000000 USD
CY2014 us-gaap Proceeds From Short Term Debt
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1601000000 USD
CY2015 us-gaap Proceeds From Short Term Debt
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1576000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
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CY2015 us-gaap Research And Development Expense
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CY2014 us-gaap Sales Revenue Net
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2420000000 USD
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CY2015 us-gaap Sales Revenue Net
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3467000000 USD
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CY2015 us-gaap Selling General And Administrative Expense
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3610000000 USD
CY2013 us-gaap Share Based Compensation
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CY2015 us-gaap Share Based Compensation
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.019
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.018
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.016
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.279
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.202
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.255
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
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8300000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
56.67
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
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
98000000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
300000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2400000 shares
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
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.55
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
402900000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15200000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14900000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
59.97
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
65.85
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
95900000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
6000000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
77.02
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
53.31
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
73.56
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
93.06
CY2015 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
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38.71
CY2015 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
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102.27
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
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y3M
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
302200000 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y10M21D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M21D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y10M21D
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
CY2015 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1800000 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2400000 shares
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
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8000000 USD
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1883000000 USD
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StockRepurchasedAndRetiredDuringPeriodShares
4800000 shares
CY2014 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1300000 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
7400000 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Value
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317000000 USD
CY2014 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
100000000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Value
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700000000 USD
CY2012Q4 us-gaap Stockholders Equity
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8597000000 USD
CY2013Q4 us-gaap Stockholders Equity
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9047000000 USD
CY2014Q4 us-gaap Stockholders Equity
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8595000000 USD
CY2015Q4 us-gaap Stockholders Equity
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8511000000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
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24000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
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204000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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315000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
313000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
6000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
11000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
33000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
9000000 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
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-4000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
133000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
21000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
23000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
307000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
304000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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6000000 USD
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
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4300000 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
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
380900000 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
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
376600000 shares
CY2015 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 a global leader in medical technology. 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>
CY2015 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;">The 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates</font></div></div>

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