2017 Q1 Form 10-Q Financial Statement

#000146625817000123 Filed on April 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $3.001B $2.894B
YoY Change 3.68% 0.22%
Cost Of Revenue $2.126B $2.041B
YoY Change 4.16% -2.18%
Gross Profit $874.5M $852.9M
YoY Change 2.53% 6.47%
Gross Profit Margin 29.14% 29.47%
Selling, General & Admin $659.5M $627.5M
YoY Change 5.1% -0.4%
% of Gross Profit 75.41% 73.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $86.70M $88.00M
YoY Change -1.48% 0.11%
% of Gross Profit 9.91% 10.32%
Operating Expenses $659.5M $627.5M
YoY Change 5.1% -0.4%
Operating Profit $215.0M $225.4M
YoY Change -4.61% 31.74%
Interest Expense $54.00M $56.70M
YoY Change -4.76% 2.9%
% of Operating Profit 25.12% 25.16%
Other Income/Expense, Net -$4.700M $1.900M
YoY Change -347.37% -107.2%
Pretax Income $156.3M $170.6M
YoY Change -8.38% 90.4%
Income Tax $28.70M $41.90M
% Of Pretax Income 18.36% 24.56%
Net Earnings $117.1M $152.4M
YoY Change -23.16% 197.08%
Net Earnings / Revenue 3.9% 5.27%
Basic Earnings Per Share $0.45 $0.58
Diluted Earnings Per Share $0.45 $0.58
COMMON SHARES
Basic Shares Outstanding 259.4M shares 259.4M shares
Diluted Shares Outstanding 262.6M shares 261.3M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.323B $613.0M
YoY Change 115.82% -16.49%
Cash & Equivalents $1.323B $612.9M
Short-Term Investments
Other Short-Term Assets $292.0M $432.2M
YoY Change -32.44% 59.42%
Inventory $1.600B $1.613B
Prepaid Expenses
Receivables $2.199B $2.155B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.414B $4.813B
YoY Change 12.49% -5.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.498B $1.582B
YoY Change -5.34% 1.16%
Goodwill $5.694B $5.784B
YoY Change -1.56% 1234.35%
Intangibles $3.758B $3.903B
YoY Change -3.72% -4.14%
Long-Term Investments
YoY Change
Other Assets $895.7M $869.9M
YoY Change 2.97% -10.68%
Total Long-Term Assets $11.85B $12.14B
YoY Change -2.42% -1.34%
TOTAL ASSETS
Total Short-Term Assets $5.414B $4.813B
Total Long-Term Assets $11.85B $12.14B
Total Assets $17.26B $16.95B
YoY Change 1.81% -2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.379B $1.346B
YoY Change 2.43% -0.76%
Accrued Expenses $1.456B $1.476B
YoY Change -1.35% 0.46%
Deferred Revenue
YoY Change
Short-Term Debt $11.00M $407.0M
YoY Change -97.3% -9.96%
Long-Term Debt Due $351.0M $351.0M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $3.534B $3.930B
YoY Change -10.08% -1.19%
LONG-TERM LIABILITIES
Long-Term Debt $3.711B $3.715B
YoY Change -0.09% -0.72%
Other Long-Term Liabilities $1.129B $1.143B
YoY Change -1.17% -8.05%
Total Long-Term Liabilities $4.841B $4.857B
YoY Change -0.35% -2.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.534B $3.930B
Total Long-Term Liabilities $4.841B $4.857B
Total Liabilities $10.61B $11.10B
YoY Change -4.45% -4.5%
SHAREHOLDERS EQUITY
Retained Earnings $8.048B $6.967B
YoY Change 15.5% 6.93%
Common Stock $273.2M $270.0M
YoY Change 1.19% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $952.5M $702.7M
YoY Change 35.55% 247.01%
Treasury Stock Shares
Shareholders Equity $6.584B $5.793B
YoY Change
Total Liabilities & Shareholders Equity $17.26B $16.95B
YoY Change 1.81% -2.62%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $117.1M $152.4M
YoY Change -23.16% 197.08%
Depreciation, Depletion And Amortization $86.70M $88.00M
YoY Change -1.48% 0.11%
Cash From Operating Activities -$43.40M -$7.600M
YoY Change 471.05% -93.93%
INVESTING ACTIVITIES
Capital Expenditures -$35.20M -$40.10M
YoY Change -12.22% -28.01%
Acquisitions $9.800M $0.00
YoY Change -100.0%
Other Investing Activities -$9.400M $0.00
YoY Change -100.0%
Cash From Investing Activities -$44.60M -$40.10M
YoY Change 11.22% -95.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $250.1M $250.1M
YoY Change 0.0%
Debt Paid & Issued, Net $0.00 $0.00
YoY Change -100.0%
Cash From Financing Activities -341.5M -98.20M
YoY Change 247.76% -138.24%
NET CHANGE
Cash From Operating Activities -$43.40M -$7.600M
Cash From Investing Activities -44.60M -40.10M
Cash From Financing Activities -341.5M -98.20M
Net Change In Cash -$43.40M -$7.600M
YoY Change 471.05% -93.93%
FREE CASH FLOW
Cash From Operating Activities -$43.40M -$7.600M
Capital Expenditures -$35.20M -$40.10M
Free Cash Flow -$8.200M $32.50M
YoY Change -125.23% -146.76%

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IncomeTaxExpenseBenefit
28700000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
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241400000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Capital Net
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293000000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900000 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3200000 shares
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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3785100000 USD
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3758000000 USD
CY2016Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
9443500000 USD
CY2017Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
9452100000 USD
CY2016Q1 us-gaap Interest Expense
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56700000 USD
CY2017Q1 us-gaap Interest Expense
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54000000 USD
CY2017Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
500000 USD
CY2016Q4 us-gaap Inventory Finished Goods
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845600000 USD
CY2017Q1 us-gaap Inventory Finished Goods
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1017500000 USD
CY2016Q4 us-gaap Inventory Gross
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1448100000 USD
CY2017Q1 us-gaap Inventory Gross
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1661500000 USD
CY2016Q4 us-gaap Inventory Lifo Reserve
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62300000 USD
CY2017Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
61800000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
1385800000 USD
CY2017Q1 us-gaap Inventory Net
InventoryNet
1599700000 USD
CY2016Q4 us-gaap Inventory Raw Materials
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448500000 USD
CY2017Q1 us-gaap Inventory Raw Materials
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469500000 USD
CY2016Q4 us-gaap Inventory Valuation Reserves
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111700000 USD
CY2017Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
116600000 USD
CY2016Q4 us-gaap Inventory Work In Process
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154000000 USD
CY2017Q1 us-gaap Inventory Work In Process
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174500000 USD
CY2016Q1 us-gaap Investment Income Interest
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2000000 USD
CY2017Q1 us-gaap Investment Income Interest
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3100000 USD
CY2016Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
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0 USD
CY2017Q1 us-gaap Investments In And Advances To Affiliates At Fair Value
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0 USD
CY2016Q4 us-gaap Liabilities
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10679100000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
10605600000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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17397400000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
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17259500000 USD
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3590300000 USD
CY2017Q1 us-gaap Liabilities Current
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3534100000 USD
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3379400000 USD
CY2017Q1 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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3360400000 USD
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2000000000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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3709400000 USD
CY2017Q1 us-gaap Long Term Debt Noncurrent
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3711100000 USD
CY2016Q4 us-gaap Minority Interest
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74500000 USD
CY2017Q1 us-gaap Minority Interest
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70100000 USD
CY2016Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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6700000 USD
CY2017Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6900000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-98200000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-341500000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-40100000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-44600000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
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-7600000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
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-43400000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-900000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-33300000 USD
CY2016Q1 us-gaap Net Income Loss
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152400000 USD
CY2017Q1 us-gaap Net Income Loss
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117100000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3200000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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4000000 USD
CY2016Q1 us-gaap Operating Income Loss
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225400000 USD
CY2017Q1 us-gaap Operating Income Loss
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215000000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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863600000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
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895700000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-1000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-1200000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
131400000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
110900000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
142000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
120600000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
142000000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
120600000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-10400000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6600000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-600000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
15200000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
13600000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
4800000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
5000000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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1138000000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
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1129400000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
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-23800000 USD
CY2017Q1 us-gaap Other Noncash Income Expense
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-37000000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
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1900000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4700000 USD
CY2016Q1 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
CY2017Q1 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
250100000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
250100000 USD
CY2017Q1 us-gaap Payments For Restructuring
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5100000 USD
CY2016Q1 us-gaap Payments Of Debt Issuance Costs
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2100000 USD
CY2017Q1 us-gaap Payments Of Debt Issuance Costs
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200000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
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82200000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
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102700000 USD
CY2016Q1 us-gaap Payments Of Dividends Minority Interest
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6700000 USD
CY2017Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6900000 USD
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
9800000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
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40100000 USD
CY2017Q1 us-gaap Payments To Acquire Productive Assets
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35200000 USD
CY2016Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
1356500000 USD
CY2017Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
1356500000 USD
CY2016Q1 us-gaap Pension Contributions
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5500000 USD
CY2017Q1 us-gaap Pension Contributions
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5600000 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
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-11100000 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
18400000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
254000000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
254000000 USD
CY2017Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
CY2016Q2 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
423000000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
400000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
155600000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
121100000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1511000000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1497700000 USD
CY2016Q4 us-gaap Receivables Net Current
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2223000000 USD
CY2017Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
2199400000 USD
CY2016Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
8400000 USD
CY2017Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
32700000 USD
CY2016Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
8300000 USD
CY2017Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
20300000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8018800000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8047500000 USD
CY2016Q1 us-gaap Sales Revenue Net
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2894100000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
3000600000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
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627500000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
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659500000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
93.15
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0255
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0200
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2860
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2246
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0112
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0180
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M20D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M20D
CY2015Q4 us-gaap Standard Product Warranty Accrual
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262000000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
266100000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
261600000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
258200000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
148700000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
148500000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1800000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1200000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
23400000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
31100000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
600000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1800000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
25100000 USD
CY2017Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
28300000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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-6700000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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-16800000 USD
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount1
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1500000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
6643800000 USD
CY2017Q1 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5879200000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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5852700000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6718300000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6653900000 USD
CY2016Q1 us-gaap Stockholders Equity Other
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1200000 USD
CY2017Q1 us-gaap Treasury Stock Shares Acquired
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3100000 shares
CY2016Q4 us-gaap Treasury Stock Value
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702700000 USD
CY2017Q1 us-gaap Treasury Stock Value
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952500000 USD
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250100000 USD
CY2017Q1 us-gaap Treasury Stock Value Acquired Cost Method
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250100000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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107100000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
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CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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261300000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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262600000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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259400000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
259400000 shares
CY2017Q1 ir Reconciliation Of Ordinary Shares
ReconciliationOfOrdinaryShares
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in ordinary shares and treasury shares for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td style="width:71%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">In millions</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ordinary shares issued</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ordinary shares held in treasury</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">271.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shares issued under incentive plans, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Repurchase of ordinary shares</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">273.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

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