2016 Form 10-K Financial Statement

#000031076417000034 Filed on February 09, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015 Q3
Revenue $11.33B $2.715B $2.420B
YoY Change 13.86% 3.71% 1.3%
Cost Of Revenue $3.821B $895.0M $796.0M
YoY Change 14.26% -0.44% -3.98%
Gross Profit $7.504B $1.820B $1.624B
YoY Change 13.66% 5.94% 4.1%
Gross Profit Margin 66.26% 67.03% 67.11%
Selling, General & Admin $4.137B $915.0M $887.0M
YoY Change 14.6% 7.77% 1.03%
% of Gross Profit 55.13% 50.27% 54.62%
Research & Development $715.0M $164.0M $155.0M
YoY Change 14.4% 7.19% 1.31%
% of Gross Profit 9.53% 9.01% 9.54%
Depreciation & Amortization $752.0M $108.0M $101.0M
YoY Change 27.46% 12.5% 114.89%
% of Gross Profit 10.02% 5.93% 6.22%
Operating Expenses $5.329B $1.137B $1.246B
YoY Change 12.4% 8.49% 12.25%
Operating Profit $2.175B $683.0M $378.0M
YoY Change 16.87% 1.94% -16.0%
Interest Expense -$180.0M $17.00M
YoY Change 227.27% 13.33%
% of Operating Profit -8.28% 2.49%
Other Income/Expense, Net -$254.0M -$53.00M -$33.00M
YoY Change 101.59% 140.91% 32.0%
Pretax Income $542.0M $612.0M $345.0M
YoY Change 14.11% 32.75% -18.82%
Income Tax $274.0M $90.00M $44.00M
% Of Pretax Income 50.55% 14.71% 12.75%
Net Earnings $1.647B $522.0M $301.0M
YoY Change 14.45% 100.77% 428.07%
Net Earnings / Revenue 14.54% 19.23% 12.44%
Basic Earnings Per Share $4.40 $1.39 $0.80
Diluted Earnings Per Share $4.35 $1.38 $0.79
COMMON SHARES
Basic Shares Outstanding 374.1M shares 376.3M shares
Diluted Shares Outstanding 378.5M shares 380.7M shares

Balance Sheet

Concept 2016 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.384B $4.079B $3.451B
YoY Change -17.04% -20.08% -27.41%
Cash & Equivalents $3.316B $3.379B $3.163B
Short-Term Investments $68.00M $700.0M $288.0M
Other Short-Term Assets $480.0M $563.0M $1.500B
YoY Change -14.74% 7.44% 3.16%
Inventory $2.030B $1.639B $1.665B
Prepaid Expenses $563.0M $567.0M
Receivables $1.967B $1.662B $1.496B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.861B $7.943B $8.033B
YoY Change -1.03% -8.53% -13.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.569B $1.199B $1.128B
YoY Change 30.86% 9.2% 2.17%
Goodwill $4.136B $4.160B
YoY Change -1.19% -2.28%
Intangibles $1.794B $1.861B
YoY Change -11.1% -11.72%
Long-Term Investments
YoY Change
Other Assets $1.141B $1.151B $735.0M
YoY Change -0.87% -10.98% 2.08%
Total Long-Term Assets $12.57B $8.280B $7.884B
YoY Change 51.86% -3.43% -3.72%
TOTAL ASSETS
Total Short-Term Assets $7.861B $7.943B $8.033B
Total Long-Term Assets $12.57B $8.280B $7.884B
Total Assets $20.44B $16.22B $15.92B
YoY Change 25.96% -6.0% -9.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $437.0M $410.0M $340.0M
YoY Change 6.59% 24.62% 1.49%
Accrued Expenses $2.266B $2.032B $1.942B
YoY Change 11.52% -30.6% -26.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $228.0M $768.0M $971.0M
YoY Change -70.31% 5.64% 32.83%
Total Short-Term Liabilities $3.148B $3.502B $3.553B
YoY Change -10.11% -21.5% -15.63%
LONG-TERM LIABILITIES
Long-Term Debt $6.686B $3.230B $2.511B
YoY Change 107.0% -0.49% -22.28%
Other Long-Term Liabilities $1.051B $980.0M $1.369B
YoY Change 7.24% 0.31% -5.52%
Total Long-Term Liabilities $7.737B $4.210B $3.880B
YoY Change 83.78% -0.31% -17.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.148B $3.502B $3.553B
Total Long-Term Liabilities $7.737B $4.210B $3.880B
Total Liabilities $10.89B $7.712B $7.433B
YoY Change 41.14% -11.19% -16.4%
SHAREHOLDERS EQUITY
Retained Earnings $7.792B $7.656B
YoY Change 3.08% 3.04%
Common Stock $1.321B $1.319B
YoY Change 5.51% 7.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.550B $8.511B $8.484B
YoY Change
Total Liabilities & Shareholders Equity $20.44B $16.22B $15.92B
YoY Change 25.96% -6.11% -9.12%

Cashflow Statement

Concept 2016 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $1.647B $522.0M $301.0M
YoY Change 14.45% 100.77% 428.07%
Depreciation, Depletion And Amortization $752.0M $108.0M $101.0M
YoY Change 27.46% 12.5% 114.89%
Cash From Operating Activities $1.915B $753.0M -$509.0M
YoY Change 95.21% 10.9% -195.14%
INVESTING ACTIVITIES
Capital Expenditures $490.0M -$79.00M -$77.00M
YoY Change 81.48% 29.51% -260.42%
Acquisitions $4.332B
YoY Change 2731.37%
Other Investing Activities $3.000M -$506.0M $392.0M
YoY Change 1774.07% -204.26%
Cash From Investing Activities -$4.191B -$585.0M $315.0M
YoY Change -314.26% 564.77% -174.29%
FINANCING ACTIVITIES
Cash Dividend Paid $568.0M
YoY Change 9.02%
Common Stock Issuance & Retirement, Net $13.00M
YoY Change -98.14%
Debt Paid & Issued, Net $750.0M
YoY Change
Cash From Financing Activities $2.258B 79.00M -251.0M
YoY Change -284.63% -196.34% 274.63%
NET CHANGE
Cash From Operating Activities $1.915B 753.0M -509.0M
Cash From Investing Activities -$4.191B -585.0M 315.0M
Cash From Financing Activities $2.258B 79.00M -251.0M
Net Change In Cash -$18.00M 247.0M -445.0M
YoY Change -101.05% -51.47% -1111.36%
FREE CASH FLOW
Cash From Operating Activities $1.915B $753.0M -$509.0M
Capital Expenditures $490.0M -$79.00M -$77.00M
Free Cash Flow $1.425B $832.0M -$432.0M
YoY Change 100.42% 12.43% -188.71%

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CY2015 us-gaap Current Foreign Tax Expense Benefit
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CY2016 us-gaap Current Foreign Tax Expense Benefit
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CurrentIncomeTaxExpenseBenefit
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CY2015 us-gaap Current Income Tax Expense Benefit
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CY2016 us-gaap Current Income Tax Expense Benefit
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CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2015 us-gaap Current State And Local Tax Expense Benefit
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CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2015Q4 us-gaap Debt Current
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CY2016Q4 us-gaap Debt Current
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CY2016Q4 us-gaap Debt Instrument Fair Value
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CY2016Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred Income Tax Expense Benefit
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CY2015 us-gaap Deferred Income Taxes And Tax Credits
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CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2016Q4 us-gaap Deferred Tax Assets Inventory
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CY2015Q4 us-gaap Deferred Tax Assets Net
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CY2016Q4 us-gaap Deferred Tax Assets Net
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CY2016Q4 us-gaap Deferred Tax Assets Net Noncurrent
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47000000 USD
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0.023
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CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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47000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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51000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2015Q4 us-gaap Deferred Tax Assets Other
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143000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
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117000000 USD
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43000000 USD
CY2016Q4 us-gaap Deferred Tax Assets State Taxes
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CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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79000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
80000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
206000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
248000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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116000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
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55000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
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26000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
50000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
50000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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50000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
505000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
560000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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-142000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
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CY2015 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2016 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
20000000 USD
CY2015 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2016 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
40000000 USD
CY2014 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2015 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-13000000 USD
CY2016 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2014 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
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CY2015 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2016 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
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CY2016 us-gaap Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year
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8000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Current And Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsCurrentAndNoncurrent
310000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Current And Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsCurrentAndNoncurrent
289000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Current And Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsCurrentAndNoncurrent
308000000 USD
CY2014 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.032
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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CY2016 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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0.037
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.040
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.036
CY2014 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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0.029
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.029
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2014Q4 us-gaap Defined Benefit Plan Benefit Obligation
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570000000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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20000000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
22000000 USD
CY2015 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
16000000 USD
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
18000000 USD
CY2015 us-gaap Defined Benefit Plan Contributions By Plan Participants
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6000000 USD
CY2016 us-gaap Defined Benefit Plan Contributions By Plan Participants
DefinedBenefitPlanContributionsByPlanParticipants
6000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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80000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Benefit Obligation
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529000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
588000000 USD
CY2015 us-gaap Defined Benefit Plan Benefits Paid
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29000000 USD
CY2016 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
20000000 USD
CY2015 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
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CY2016 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
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7000000 USD
CY2015 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Plan Assets
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CY2016 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Plan Assets
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CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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16000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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14000000 USD
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14000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
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14000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
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14000000 USD
CY2014 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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10000000 USD
CY2015 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
11000000 USD
CY2016 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
10000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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308000000 USD
CY2015 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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CY2016 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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CY2015 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Plan Assets
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CY2016 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Plan Assets
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CY2015Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2016Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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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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10000000 USD
CY2016 us-gaap Defined Benefit Plan Interest Cost
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11000000 USD
CY2014 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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35000000 USD
CY2015 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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47000000 USD
CY2016 us-gaap Defined Benefit Plan Net Periodic Benefit 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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36000000 USD
CY2016 us-gaap Defined Benefit Plan Service Cost
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33000000 USD
CY2016 us-gaap Defined Benefit Plan Target Plan Asset Allocations
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1
CY2015Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1
CY2016Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1
CY2016 us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Next Fiscal Year
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20000000 USD
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
CY2016 us-gaap Defined Contribution Plan Cost Recognized
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166000000 USD
CY2014 us-gaap Depreciation
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190000000 USD
CY2015 us-gaap Depreciation
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CY2016 us-gaap Depreciation
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CY2014 us-gaap Depreciation Depletion And Amortization
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586000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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590000000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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752000000 USD
CY2014 us-gaap Dividends Cash
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CY2015 us-gaap Dividends Cash
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532000000 USD
CY2016 us-gaap Dividends Cash
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585000000 USD
CY2015Q4 us-gaap Dividends Payable Current
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142000000 USD
CY2016Q4 us-gaap Dividends Payable Current
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159000000 USD
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CY2015Q1 us-gaap Earnings Per Share Basic
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1.04
CY2015Q3 us-gaap Earnings Per Share Basic
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1.39
CY2015 us-gaap Earnings Per Share Basic
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3.82
CY2016Q1 us-gaap Earnings Per Share Basic
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1.08
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1.02
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0.95
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1.36
CY2016 us-gaap Earnings Per Share Basic
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4.40
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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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1.03
CY2015Q3 us-gaap Earnings Per Share Diluted
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0.79
CY2015Q4 us-gaap Earnings Per Share Diluted
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1.38
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.78
CY2016Q1 us-gaap Earnings Per Share Diluted
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1.07
CY2016Q2 us-gaap Earnings Per Share Diluted
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1.00
CY2016Q3 us-gaap Earnings Per Share Diluted
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0.94
CY2016Q4 us-gaap Earnings Per Share Diluted
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1.34
CY2016 us-gaap Earnings Per Share Diluted
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4.35
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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CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.556
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.171
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.143
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.049
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.176
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.222
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.034
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.015
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.001
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.101
CY2015 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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-0.039
CY2016 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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-0.003
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
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.017
CY2015Q4 us-gaap Employee Related Liabilities Current
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637000000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
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767000000 USD
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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84000000 USD
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P1Y7M
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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21000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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26000000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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36000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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21000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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26000000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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36000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1142000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1442000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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345000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
298000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
312000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
329000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
342000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
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2936000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4950000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
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CY2016Q4 us-gaap Finite Lived Intangible Assets Net
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13000000 USD
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0.263
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CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.021
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.018
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.013
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113000000 USD
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98000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
128000000 USD
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500000 shares
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15.80
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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22.55
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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17.73
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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696000000 USD
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14900000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14900000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
65.85
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
73.14
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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215100000 USD
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6500000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
86.75
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2016 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
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CY2016 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
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115.35
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P7Y1M
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P7Y3M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y1M
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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464400000 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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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
CY2016 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2600000 shares
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
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19000000 USD
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1300000 shares
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7400000 shares
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135000 shares
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CY2014Q4 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q4 us-gaap Stockholders Equity
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9550000000 USD
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24000000 USD
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315000000 USD
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313000000 USD
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287000000 USD
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11000000 USD
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4000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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9000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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82000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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-8000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
4000000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
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21000000 USD
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47000000 USD
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3000000 USD
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22000000 USD
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304000000 USD
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281000000 USD
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6000000 USD
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9000000 USD
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4300000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4300000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4400000 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
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
378500000 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
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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374100000 shares
CY2016 us-gaap Nature Of Operations
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<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, emergency medical equipment and intensive care disposable products; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.</font></div></div>
CY2016 us-gaap Use Of Estimates
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<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 net sales and expenses in the reporting period. Actual results could differ from those estimates.</font></div></div>

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