2014 Q2 Form 10-K Financial Statement

#000009602115000057 Filed on August 25, 2015

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q4
Revenue $12.29B $11.28B $11.24B
YoY Change 5.91% 3.22% 4.08%
Cost Of Revenue $10.13B $9.283B $9.273B
YoY Change 6.32% 3.33% 4.44%
Gross Profit $2.156B $1.995B $1.965B
YoY Change 4.05% 2.72% 2.45%
Gross Profit Margin 17.55% 17.69% 17.48%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $147.0M $138.0M $137.4M
YoY Change 10.94% 5.83% 6.59%
% of Gross Profit 6.82% 6.92% 6.99%
Operating Expenses $1.731B $1.662B $1.613B
YoY Change 7.4% 3.56% 5.09%
Operating Profit $424.5M $332.6M $351.8M
YoY Change -7.71% -1.3% -8.15%
Interest Expense -$31.00M -$32.00M -$30.00M
YoY Change 0.0% -5.88% -6.25%
% of Operating Profit -7.3% -9.62% -8.53%
Other Income/Expense, Net $7.216M -$3.718M $4.211M
YoY Change -27.84% -223.93% 110.55%
Pretax Income $400.5M $296.7M $326.2M
YoY Change -8.76% -3.04% -7.33%
Income Tax $146.4M $115.7M $115.4M
% Of Pretax Income 36.54% 39.01% 35.37%
Net Earnings $254.0M $181.0M $211.0M
YoY Change -10.25% -9.95% -4.52%
Net Earnings / Revenue 2.07% 1.6% 1.88%
Basic Earnings Per Share $0.43 $0.31 $0.36
Diluted Earnings Per Share $0.43 $0.31 $0.36
COMMON SHARES
Basic Shares Outstanding 585.9M 584.3M
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $413.0M $341.0M $450.0M
YoY Change 0.24% 2.71% 40.19%
Cash & Equivalents $413.0M $341.0M $450.0M
Short-Term Investments
Other Short-Term Assets $225.0M $196.0M $194.0M
YoY Change 6.13% -2.49% 4.3%
Inventory $2.602B $2.528B $2.507B
Prepaid Expenses
Receivables $3.399B $3.511B $3.290B
Other Receivables $43.00M $64.00M $80.00M
Total Short-Term Assets $6.682B $6.639B $6.521B
YoY Change 7.39% 4.12% 5.86%
LONG-TERM ASSETS
Property, Plant & Equipment $3.986B $3.956B $3.967B
YoY Change 0.19% 0.46% 0.15%
Goodwill $1.951B
YoY Change 3.53%
Intangibles $177.2M
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.2M $424.0M $418.0M
YoY Change -48.4% 8.72% 18.75%
Total Long-Term Assets $6.459B $6.499B $6.492B
YoY Change 0.24% 3.47% 3.57%
TOTAL ASSETS
Total Short-Term Assets $6.682B $6.639B $6.521B
Total Long-Term Assets $6.459B $6.499B $6.492B
Total Assets $13.14B $13.14B $13.01B
YoY Change 3.75% 3.8% 4.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.831B $2.726B $2.444B
YoY Change 16.6% 10.63% 6.82%
Accrued Expenses $1.161B $1.142B $1.044B
YoY Change 17.85% 19.96% 15.49%
Deferred Revenue
YoY Change
Short-Term Debt $70.98M $72.00M $58.00M
YoY Change 68.99% 125.0% 34.88%
Long-Term Debt Due $305.0M $4.000M $204.0M
YoY Change 47.34% -98.09% -19.37%
Total Short-Term Liabilities $4.368B $3.944B $3.749B
YoY Change 19.24% 7.85% 7.51%
LONG-TERM LIABILITIES
Long-Term Debt $2.357B $2.986B $2.944B
YoY Change -10.72% 16.78% 4.81%
Other Long-Term Liabilities $1.028B $781.0M $785.0M
YoY Change 13.83% -33.48% -30.84%
Total Long-Term Liabilities $3.507B $3.767B $3.729B
YoY Change -1.02% 0.96% -5.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.368B $3.944B $3.749B
Total Long-Term Liabilities $3.507B $3.767B $3.729B
Total Liabilities $7.874B $7.907B $7.709B
YoY Change 5.19% 5.36% 2.43%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.904B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.766B
YoY Change
Treasury Stock Shares 179.1M shares
Shareholders Equity $5.267B $5.231B $5.304B
YoY Change
Total Liabilities & Shareholders Equity $13.14B $13.14B $13.01B
YoY Change 3.65% 3.8% 4.71%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q4
OPERATING ACTIVITIES
Net Income $254.0M $181.0M $211.0M
YoY Change -10.25% -9.95% -4.52%
Depreciation, Depletion And Amortization $147.0M $138.0M $137.4M
YoY Change 10.94% 5.83% 6.59%
Cash From Operating Activities $644.7M $389.9M $289.0M
YoY Change -14.29% 4.64% 66.47%
INVESTING ACTIVITIES
Capital Expenditures -$135.7M -$117.1M -$134.7M
YoY Change -2.3% 5.12% 27.2%
Acquisitions
YoY Change
Other Investing Activities -$24.30M -$17.80M -$8.200M
YoY Change -86.79% 154.29% -93.8%
Cash From Investing Activities -$160.0M -$134.9M -$142.9M
YoY Change -50.45% 13.94% -40.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -413.8M -362.7M -53.90M
YoY Change 20.33% 49.32% -66.91%
NET CHANGE
Cash From Operating Activities 644.7M 389.9M 289.0M
Cash From Investing Activities -160.0M -134.9M -142.9M
Cash From Financing Activities -413.8M -362.7M -53.90M
Net Change In Cash 70.90M -107.7M 92.20M
YoY Change -16.98% -1053.1% -140.53%
FREE CASH FLOW
Cash From Operating Activities $644.7M $389.9M $289.0M
Capital Expenditures -$135.7M -$117.1M -$134.7M
Free Cash Flow $780.4M $507.0M $423.7M
YoY Change -12.42% 4.75% 51.59%

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135254000 USD
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
20123000 USD
CY2015Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
47958000 USD
CY2014Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
26471000 USD
CY2015Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
29667000 USD
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
33280000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
35573000 USD
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
287046000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
264780000 USD
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
41262000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
42569000 USD
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
47688000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
38410000 USD
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
65002000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
65617000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
211434000 USD
CY2015Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
224943000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
121580000 USD
CY2015Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
81591000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
15171000 USD
CY2015Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
23449000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
416417000 USD
CY2015Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
381875000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
65300000 USD
CY2014Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
1113568000 USD
CY2015Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
1144987000 USD
CY2014Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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-1052364000 USD
CY2015Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-1094148000 USD
CY2014Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
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61204000 USD
CY2015Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
50839000 USD
CY2015 us-gaap Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year
DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear
33076000 USD
CY2015 us-gaap Defined Benefit Plan Future Amortization Of Gain Loss
DefinedBenefitPlanFutureAmortizationOfGainLoss
-21705000 USD
CY2015 us-gaap Defined Benefit Plan Future Amortization Of Prior Service Cost Credit
DefinedBenefitPlanFutureAmortizationOfPriorServiceCostCredit
11371000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
118600000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
125400000 USD
CY2013 us-gaap Depreciation
Depreciation
473500000 USD
CY2014 us-gaap Depreciation
Depreciation
493800000 USD
CY2015 us-gaap Depreciation
Depreciation
495800000 USD
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
512548000 USD
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
556062000 USD
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
580964000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
654871000 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
673568000 USD
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
705539000 USD
CY2013Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
165800000 USD
CY2014Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
171600000 USD
CY2015Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
178300000 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.68
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.59
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
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EarningsPerShareDiluted
1.67
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-2086000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
642000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-81702000 USD
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3587
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3687
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3188
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0122
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0166
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0284
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0050
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0071
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0119
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0259
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0282
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0091
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
628700000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
255600000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
240200000 USD
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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69400000 USD
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y5M1D
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
29900000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
28100000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
27400000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
24000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
16600000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
20700000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4556000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
8480000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
15454000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
4556000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
8480000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
15454000 USD
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
439667000 USD
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
433795000 USD
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
285807000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
140122000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
154019000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
33570000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12215000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16245000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
26162000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
29264000 USD
CY2014 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2015 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2013 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
45602000 USD
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
54560000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
304744000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
294557000 USD
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FiniteLivedIntangibleAssetsNet
164622000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
140538000 USD
CY2015 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
27700000 USD
CY2013 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
38304000 USD
CY2013Q2 us-gaap Goodwill
Goodwill
1884235000 USD
CY2014Q2 us-gaap Goodwill
Goodwill
1950672000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
1959817000 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
62833000 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
88210000 USD
CY2013 us-gaap Gross Profit
GrossProfit
7996607000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
2065487000 USD
CY2013Q4 us-gaap Gross Profit
GrossProfit
1964951000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
1994741000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
2155856000 USD
CY2014 us-gaap Gross Profit
GrossProfit
8181035000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
2188717000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
2085137000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
2057498000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
2220164000 USD
CY2015 us-gaap Gross Profit
GrossProfit
8551516000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1351947000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1287371000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
818244000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1547455000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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452204000 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
326204000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
296683000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
400533000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1475624000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
436867000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
236197000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
266335000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
68748000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1008147000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
195508000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
188253000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
189903000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
555028000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166614000 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115369000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115746000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
146362000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
544091000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
158054000 USD
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78218000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89380000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4278000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
321374000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
5200000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
620132000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
591334000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
376508000 USD
CY2013 us-gaap Increase Decrease In Accounts And Notes Receivable
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193755000 USD
CY2014 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
236320000 USD
CY2015 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
11741000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
204861000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
392720000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
72516000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-38017000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-18672000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-32843000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
67015000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
55838000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
464403000 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
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28129000 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
30665000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4705000 USD
CY2013 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
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180277000 USD
CY2014 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
195845000 USD
CY2015 us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
125232000 USD
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-182000 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Assets
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-23552000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
10745000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
49716000 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-63753000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-105501000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-21704000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
24787000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10508000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
18100000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
84000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
20126000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3277303 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4228136 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4776726 shares
CY2014Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
12605000 USD
CY2015Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
14271000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
177227000 USD
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
154809000 USD
CY2013 us-gaap Interest Costs Capitalized
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CY2014 us-gaap Interest Costs Capitalized
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CY2014 us-gaap Interest Paid Net
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CY2015 us-gaap Interest Paid Net
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CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
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45700000 USD
CY2015Q2 us-gaap Letters Of Credit Outstanding Amount
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101000000 USD
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13141113000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
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17989281000 USD
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CY2015Q2 us-gaap Liabilities Current
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3288138000 USD
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1149458000 USD
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2357330000 USD
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2271825000 USD
CY2014Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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304777000 USD
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4979301000 USD
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3387000 USD
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269532000 USD
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506694000 USD
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29140000 USD
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180937000 USD
CY2015Q2 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
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5007943000 USD
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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285590000 USD
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210835000 USD
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278813000 USD
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176955000 USD
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CY2014 us-gaap Nonoperating Income Expense
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2188000 USD
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8577000 USD
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25034000 USD
CY2015 us-gaap Nonoperating Income Expense
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33592000 USD
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6338129000 USD
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1587289000 USD
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1769691000 USD
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1730190000 USD
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2099169000 USD
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332625000 USD
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424522000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
1587122000 USD
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327308000 USD
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16661000 USD
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33203000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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563000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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225929000 USD
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CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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-37712000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-33191000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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-3106000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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11310000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
6970000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
6949000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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371224000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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215929000 USD
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CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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127728000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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38275000 USD
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-44610000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-9968000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationNetOfTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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56008000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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16938000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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18921000 USD
CY2013 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2015 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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319401000 USD
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0 USD
CY2014 us-gaap Payments For Proceeds From Hedge Financing Activities
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0 USD
CY2015 us-gaap Payments For Proceeds From Hedge Financing Activities
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188840000 USD
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721616000 USD
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332381000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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0 USD
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0 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
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22175000 USD
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30980000 USD
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648253000 USD
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CY2015 us-gaap Payments Of Dividends Common Stock
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CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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397447000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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79338000 USD
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PaymentsToAcquireBusinessesNetOfCashAcquired
115862000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
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511862000 USD
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523206000 USD
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542830000 USD
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1
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1500000 shares
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0 shares
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0 shares
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0 USD
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0 USD
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43225000 USD
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90763000 USD
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61467000 USD
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36830000 USD
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5041032000 USD
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
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95500000 USD
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34499000 USD
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CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
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15527000 USD
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ProceedsFromSaleOfPropertyPlantAndEquipment
25790000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
24472000 USD
CY2013 us-gaap Proceeds From Stock Plans
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628652000 USD
CY2014 us-gaap Proceeds From Stock Plans
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255613000 USD
CY2015 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
240176000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
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8083875000 USD
CY2015Q2 us-gaap Property Plant And Equipment Gross
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8390448000 USD
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3978071000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3985618000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
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3982143000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
35243000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
34429000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17996000 USD
CY2014Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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0 USD
CY2015Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
41304000 USD
CY2013 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
294514000 USD
CY2014 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
229507000 USD
CY2015 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
354007000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NEW ACCOUNTING STANDARDS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2014, the FASB issued ASU 2014-08, &#8220;Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.&#8221;&#160;This update amends ASC 205, &#8220;Presentation of Financial Statements,&#8221; and ASC 360, &#8220;Property, Plant, and Equipment,&#8221; primarily to change the criteria for when a disposal is required to be reported as a discontinued operation.&#160;A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has or will have a major effect on the entity&#8217;s operations or financial results.&#160;The amendments in this update specify presentation and disclosure requirements for discontinued operations as well as disclosure requirements for other disposals that do not qualify as discontinued operations.&#160;The amendments in this update are effective for all disposals or classifications as held for sale, including upon acquisition, of a component of an entity that occur within annual periods beginning on or after December 15, 2014 and interim periods within those years, which is fiscal 2016 for Sysco.&#160;Early adoption is permitted.&#160;Sysco will implement on any related transactions, prospectively.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, &#8220;Revenue from Contracts with Customers.&#8221;&#160;This update creates ASC 606, &#8220;Revenue from Contracts with Customers,&#8221; and supersedes the revenue recognition requirements in ASC 605, &#8220;Revenue Recognition.&#8221; Additionally, other sections of the ASC were amended to be consistent with the guidance in this update.&#160;The core principle of ASC 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services.&#160;A five-step revenue recognition model is to be applied to achieve this core principle.&#160;ASC 606 also specifies comprehensive disclosures to help users of financial statements understand the nature, amount, timing and uncertainty of revenue that is recognized.&#160;The amendments in this update are effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period, which is fiscal 2019 for Sysco.&#160;Early adoption is not permitted.&#160;Sysco is currently evaluating the impact this update will have on its financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Disclosure of Uncertainties About an Entity&#8217;s Ability to Continue as a Going Concern</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU No. 2014-15,&#160;"Disclosure of Uncertainties About an Entity&#8217;s Ability to Continue as a Going Concern." 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CY2015 us-gaap Revenue Recognition Sales Of Goods
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The company recognizes revenue from the sale of a product when it is considered to be realized or realizable and earned.&#160;&#160;The company determines these requirements to be met at the point at which the product is delivered to the customer.&#160;&#160;The company grants certain customers sales incentives such as rebates or discounts and treats these as a reduction of sales at the time the sale is recognized.&#160;&#160;Sales tax collected from customers is not included in revenue but rather recorded as a liability due to the respective taxing authorities.&#160;&#160;Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another are considered to be a single nonmonetary transaction.&#160;&#160;As such, the company records the net effect of such transactions in the consolidated results of operations within sales.</font></div></div>

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