2015 Q4 Form 10-K Financial Statement

#000111316916000033 Filed on February 05, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $1.052B $1.049B $1.072B
YoY Change 2.91% 2.76% 8.95%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $461.8M $471.0M $453.6M
YoY Change 5.51% 8.93% 9.99%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.90M $33.10M $32.20M
YoY Change 12.72% 16.96% 15.0%
% of Gross Profit
Operating Expenses $597.2M $590.7M $564.6M
YoY Change 10.1% 11.01% 10.45%
Operating Profit $458.3M $507.8M
YoY Change -6.22% 7.33%
Interest Expense $43.40M $300.0K $31.90M
YoY Change -94.23% 22.22%
% of Operating Profit 0.07% 6.28%
Other Income/Expense, Net $300.0K $33.00M
YoY Change
Pretax Income $498.4M $458.6M $540.8M
YoY Change -3.93% -7.15% 8.33%
Income Tax $195.2M $181.5M $207.6M
% Of Pretax Income 39.17% 39.58% 38.39%
Net Earnings $303.2M $277.1M $333.2M
YoY Change -4.02% -8.73% 8.96%
Net Earnings / Revenue 28.82% 26.42% 31.07%
Basic Earnings Per Share $1.20 $1.08 $1.28
Diluted Earnings Per Share $1.17 $1.06 $1.24
COMMON SHARES
Basic Shares Outstanding 251.1M shares 252.7M shares 257.7M shares
Diluted Shares Outstanding 258.6M shares 264.6M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.172B $1.164B $1.269B
YoY Change -22.18% -29.24% -25.53%
Cash & Equivalents $1.172B $1.164B $1.269B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $446.0M $431.0M $449.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.618B $1.595B $1.718B
YoY Change -16.98% -22.91% -19.34%
LONG-TERM ASSETS
Property, Plant & Equipment $607.1M $603.0M $607.3M
YoY Change 3.53% 5.36% 5.4%
Goodwill $665.7M
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.019B $2.201B $2.271B
YoY Change -11.91% -6.54% 3.09%
Other Assets
YoY Change
Total Long-Term Assets $3.489B $3.672B $3.698B
YoY Change -5.59% -0.74% 4.48%
TOTAL ASSETS
Total Short-Term Assets $1.618B $1.595B $1.718B
Total Long-Term Assets $3.489B $3.672B $3.698B
Total Assets $5.107B $5.267B $5.416B
YoY Change -9.52% -8.69% -4.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.0M $173.0M $169.0M
YoY Change 19.58% 14.57% 39.67%
Accrued Expenses $153.0M $406.0M $268.0M
YoY Change 86.59% 10.63% 9.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $345.0M $594.0M $449.0M
YoY Change 38.55% 9.8% 13.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $345.0M $594.0M $449.0M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $344.9M $593.0M $448.4M
YoY Change 38.4% 9.71% 13.4%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $704.7M $703.5M $699.4M
YoY Change -12.86% -13.4% -30.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.762B $4.674B $4.967B
YoY Change
Total Liabilities & Shareholders Equity $5.107B $5.267B $5.416B
YoY Change -9.52% -8.69% -4.47%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $303.2M $277.1M $333.2M
YoY Change -4.02% -8.73% 8.96%
Depreciation, Depletion And Amortization $31.90M $33.10M $32.20M
YoY Change 12.72% 16.96% 15.0%
Cash From Operating Activities $136.9M $506.9M $342.9M
YoY Change 82.05% 3.34% 43.77%
INVESTING ACTIVITIES
Capital Expenditures -$36.70M -$34.70M -$38.60M
YoY Change -15.83% 51.53% 12.54%
Acquisitions
YoY Change
Other Investing Activities $194.3M $20.00M $38.80M
YoY Change 1122.01% -109.76% -131.37%
Cash From Investing Activities $157.6M -$14.70M $200.0K
YoY Change -668.95% -93.55% -100.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -286.6M -597.0M -884.3M
YoY Change 54.17% 85.17% 665.63%
NET CHANGE
Cash From Operating Activities 136.9M 506.9M 342.9M
Cash From Investing Activities 157.6M -14.70M 200.0K
Cash From Financing Activities -286.6M -597.0M -884.3M
Net Change In Cash 7.900M -104.8M -541.2M
YoY Change -105.71% 75.25% 1446.29%
FREE CASH FLOW
Cash From Operating Activities $136.9M $506.9M $342.9M
Capital Expenditures -$36.70M -$34.70M -$38.60M
Free Cash Flow $173.6M $541.6M $381.5M
YoY Change 46.13% 5.49% 39.85%

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CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.55
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.63
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.384
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.386
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.389
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 Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.003
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.004
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.040
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043
CY2014Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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82200000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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153100000 USD
CY2015Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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247500000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
45900000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
53400000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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23200000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
45500000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
52600000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
24100000 USD
CY2014Q4 us-gaap Goodwill Gross
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665700000 USD
CY2015Q4 us-gaap Goodwill Gross
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665700000 USD
CY2014Q4 us-gaap Held To Maturity Securities
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1000000 USD
CY2015Q4 us-gaap Held To Maturity Securities
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1000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1700400000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2003100000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2002400000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
652700000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
773500000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
779400000 USD
CY2013 us-gaap Income Taxes Paid Net
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532900000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
763700000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
778600000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-5100000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
36500000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
98200000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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44700000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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31500000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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3200000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
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-82200000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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41800000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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17000000 USD
CY2013 us-gaap Increase Decrease In Time Deposits
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-29700000 USD
CY2014 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
0 USD
CY2015 us-gaap Increase Decrease In Time Deposits
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0 USD
CY2013 us-gaap Interest Income Expense Net
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700000 USD
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
0 USD
CY2015 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
0 USD
CY2013 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
3022600000 USD
CY2014 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
3464500000 USD
CY2015 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
3687300000 USD
CY2013 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
63000000 USD
CY2014 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
112200000 USD
CY2015 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
103500000 USD
CY2013 us-gaap Labor And Related Expense
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1156900000 USD
CY2014 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1329600000 USD
CY2015 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1443600000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
31500000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
29300000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
31100000 USD
CY2014Q4 us-gaap Liabilities
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249200000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
344900000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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5644400000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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5106900000 USD
CY2013 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
87000000 USD
CY2014 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
76000000 USD
CY2015 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
79700000 USD
CY2014Q4 us-gaap Money Market Funds At Carrying Value
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1345800000 USD
CY2015Q4 us-gaap Money Market Funds At Carrying Value
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997500000 USD
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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109000000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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1233200000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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1291300000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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1506400000 USD
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1047700000 USD
CY2014Q1 us-gaap Net Income Loss
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304300000 USD
CY2014Q2 us-gaap Net Income Loss
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305800000 USD
CY2014Q3 us-gaap Net Income Loss
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303600000 USD
CY2014Q4 us-gaap Net Income Loss
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315900000 USD
CY2014 us-gaap Net Income Loss
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1229600000 USD
CY2015Q1 us-gaap Net Income Loss
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309500000 USD
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333200000 USD
CY2015Q3 us-gaap Net Income Loss
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277100000 USD
CY2015Q4 us-gaap Net Income Loss
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303200000 USD
CY2015 us-gaap Net Income Loss
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1223000000 USD
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1038400000 USD
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1215400000 USD
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1206900000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
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1038400000 USD
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1215400000 USD
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1206900000 USD
CY2013 us-gaap Noninterest Expense Distribution And Servicing Fees
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117200000 USD
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143600000 USD
CY2015 us-gaap Noninterest Expense Distribution And Servicing Fees
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151500000 USD
CY2015 us-gaap Number Of Operating Segments
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1 Segment
CY2015 us-gaap Number Of Reportable Segments
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1 Segment
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1 reporting_unit
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1846800000 USD
CY2014 us-gaap Operating Expenses
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2091200000 USD
CY2015 us-gaap Operating Expenses
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2301700000 USD
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1637400000 USD
CY2014 us-gaap Operating Income Loss
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1890900000 USD
CY2015 us-gaap Operating Income Loss
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1898900000 USD
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28500000 USD
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21900000 USD
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26800000 USD
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27100000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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26500000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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118800000 USD
CY2015Q4 us-gaap Other Commitment
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48200000 USD
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117700000 USD
CY2014 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
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-82300000 USD
CY2015 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
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-77000000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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-23700000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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-1800000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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-7200000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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-23700000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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-1800000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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-13000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
94000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-84100000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-84200000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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-5800000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
56400000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-51900000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-49800000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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13500000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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49300000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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56500000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
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4800000 USD
CY2013 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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37600000 USD
CY2014 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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148100000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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259300000 USD
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286400000 USD
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341400000 USD
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135800000 USD
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408300000 USD
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406600000 USD
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13000000 USD
CY2014 us-gaap Other Noncash Income Expense
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7200000 USD
CY2015 us-gaap Other Noncash Income Expense
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CY2013 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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9300000 USD
CY2014 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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14200000 USD
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16100000 USD
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9300000 USD
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14200000 USD
CY2015 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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16100000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
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11500000 USD
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11900000 USD
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9400000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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14100000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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415500000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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987800000 USD
CY2013 us-gaap Payments Of Dividends
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396700000 USD
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462100000 USD
CY2015 us-gaap Payments Of Dividends
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1059000000 USD
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28200000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
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PaymentsToAcquireAvailableForSaleSecuritiesEquity
377700000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities Equity
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471900000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
164800000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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105800000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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126200000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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151300000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.2
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0.2
CY2014Q4 us-gaap Preferred Stock Shares Authorized
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20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
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0 USD
CY2014Q4 us-gaap Preferred Stock Value
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0 USD
CY2015Q4 us-gaap Preferred Stock Value
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0 USD
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151100000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
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196900000 USD
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48500000 USD
CY2014 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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0 USD
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CY2015 us-gaap Proceeds From Payments For Trading Securities
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-15100000 USD
CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
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37200000 USD
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
166600000 USD
CY2015 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
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434500000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
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1177400000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
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1313500000 USD
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586400000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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607100000 USD
CY2013 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2014 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2015 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2014Q4 us-gaap Retained Earnings Unappropriated
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4450100000 USD
CY2015Q4 us-gaap Retained Earnings Unappropriated
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3970700000 USD
CY2013 us-gaap Revenues Net Of Interest Expense
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3484200000 USD
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954600000 USD
CY2014Q2 us-gaap Revenues Net Of Interest Expense
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984300000 USD
CY2014Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1020800000 USD
CY2014Q4 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1022400000 USD
CY2014 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3982100000 USD
CY2015Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1027000000 USD
CY2015Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1072400000 USD
CY2015Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1049000000 USD
CY2015Q4 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1052200000 USD
CY2015 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
4200600000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
73.46
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
72.79
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
74.66
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
60100000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
70.71
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
19852243 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
52.23
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
182600000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
196500000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
108100000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
3140 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
479153 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.56
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.12
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.35
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
419400000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30463211 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30818229 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
55.63
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
59.24
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
As a result of the special cash dividend declared by the Board of Directors in February 2015, the anti-dilution provisions of our employee long-term incentive plans and non-employee director plans (collectively, the LTI Plans) require an automatic adjustment to neutralize the effect of the special dividend. On the special dividend's ex-dividend date (April 7, 2015), the number of shares authorized and the number of stock options outstanding and their exercise price were adjusted resulting in an increase of 749,578 stock options outstanding on the ex-dividend date and no incremental compensation expense.
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
0 USD
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
44.15
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
63.33
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
68.77
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
387200000 USD
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y4M
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3173793 shares
CY2013 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
-3300000 USD
CY2014 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
-4700000 USD
CY2015 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
-2000000 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2015Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
19791431 shares
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
14100000 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
415500000 USD
CY2015 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
987800000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
3846100000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
4818100000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
5395200000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
4762000000 USD
CY2015Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
345000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
200000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
700000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
700000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1800000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1300000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
900000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
800000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5600000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2300000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4900000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4800000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5800000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
266300000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
267400000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
260900000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
258300000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
259600000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
254600000 shares
CY2015 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs of advertising are expensed the first time that the advertising takes place.</font></div></div>
CY2015 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">T. Rowe Price Group derives its consolidated revenues and net income primarily from investment advisory services that its subsidiaries provide to individual and institutional investors in the sponsored T. Rowe Price U.S. mutual funds and other investment portfolios. We also provide our investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage, and trust services.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment advisory revenues depend largely on the total value and composition of assets under our management. Accordingly, fluctuations in financial markets and in the composition of assets under management impact our revenues and results of operations.</font></div></div>
CY2015 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxes billed to our clients based on our fees for services rendered are not included in revenues.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These principles require that we make certain estimates and assumptions. Actual results may vary from our estimates.</font></div></div>

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