2018 Q2 Form 10-Q Financial Statement

#000146625818000196 Filed on July 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $4.358B $3.908B
YoY Change 11.5% 5.97%
Cost Of Revenue $2.964B $2.653B
YoY Change 11.72% 5.85%
Gross Profit $1.394B $1.255B
YoY Change 11.02% 6.23%
Gross Profit Margin 31.98% 32.12%
Selling, General & Admin $753.3M $697.7M
YoY Change 7.97% 4.38%
% of Gross Profit 54.05% 55.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $94.40M $87.40M
YoY Change 8.01% -0.68%
% of Gross Profit 6.77% 6.96%
Operating Expenses $753.3M $697.7M
YoY Change 7.97% 4.38%
Operating Profit $640.3M $557.6M
YoY Change 14.83% 8.63%
Interest Expense $50.30M $54.10M
YoY Change -7.02% -4.25%
% of Operating Profit 7.86% 9.7%
Other Income/Expense, Net -$3.500M -$11.50M
YoY Change -69.57% -102.91%
Pretax Income $586.5M $492.0M
YoY Change 19.21% -42.23%
Income Tax $128.0M $138.1M
% Of Pretax Income 21.82% 28.07%
Net Earnings $448.1M $358.6M
YoY Change 24.96% -52.03%
Net Earnings / Revenue 10.28% 9.18%
Basic Earnings Per Share $1.81 $1.40
Diluted Earnings Per Share $1.79 $1.38
COMMON SHARES
Basic Shares Outstanding 247.5M shares 256.4M shares
Diluted Shares Outstanding 250.1M shares 259.7M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $970.0M $1.310B
YoY Change -25.95% 41.01%
Cash & Equivalents $969.5M $1.310B
Short-Term Investments
Other Short-Term Assets $512.0M $344.0M
YoY Change 48.84% -5.73%
Inventory $1.733B $1.605B
Prepaid Expenses
Receivables $2.947B $2.597B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.162B $5.855B
YoY Change 5.24% 8.57%
LONG-TERM ASSETS
Property, Plant & Equipment $1.647B $1.510B
YoY Change 9.09% -3.28%
Goodwill $6.001B $5.779B
YoY Change 3.84% 0.27%
Intangibles $3.705B $3.751B
YoY Change -1.22% -2.99%
Long-Term Investments
YoY Change
Other Assets $863.4M $878.9M
YoY Change -1.76% 3.79%
Total Long-Term Assets $12.22B $11.92B
YoY Change 2.5% -0.99%
TOTAL ASSETS
Total Short-Term Assets $6.162B $5.855B
Total Long-Term Assets $12.22B $11.92B
Total Assets $18.38B $17.77B
YoY Change 3.4% 1.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.832B $1.599B
YoY Change 14.56% 6.61%
Accrued Expenses $1.893B $1.534B
YoY Change 23.42% 2.16%
Deferred Revenue
YoY Change
Short-Term Debt $249.0M $11.00M
YoY Change 2163.64% 10.0%
Long-Term Debt Due $351.0M $351.0M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $4.753B $3.904B
YoY Change 21.75% 3.62%
LONG-TERM LIABILITIES
Long-Term Debt $3.739B $3.705B
YoY Change 0.93% -0.54%
Other Long-Term Liabilities $1.080B $1.124B
YoY Change -3.98% -0.2%
Total Long-Term Liabilities $4.818B $4.829B
YoY Change -0.21% -0.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.753B $3.904B
Total Long-Term Liabilities $4.818B $4.829B
Total Liabilities $11.55B $10.98B
YoY Change 5.23% 0.25%
SHAREHOLDERS EQUITY
Retained Earnings $9.110B $8.303B
YoY Change 9.72% 8.8%
Common Stock $269.8M $273.6M
YoY Change -1.39% 1.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.719B $1.278B
YoY Change 34.54% 81.88%
Treasury Stock Shares
Shareholders Equity $6.787B $6.722B
YoY Change
Total Liabilities & Shareholders Equity $18.38B $17.77B
YoY Change 3.4% 1.97%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $448.1M $358.6M
YoY Change 24.96% -52.03%
Depreciation, Depletion And Amortization $94.40M $87.40M
YoY Change 8.01% -0.68%
Cash From Operating Activities $443.9M $448.9M
YoY Change -1.11% 3.03%
INVESTING ACTIVITIES
Capital Expenditures -$110.6M -$44.30M
YoY Change 149.66% 3.26%
Acquisitions
YoY Change
Other Investing Activities -$76.60M -$30.00M
YoY Change 155.33% -107.22%
Cash From Investing Activities -$187.2M -$74.30M
YoY Change 151.95% -119.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -395.0M -425.4M
YoY Change -7.15% -10.06%
NET CHANGE
Cash From Operating Activities 443.9M 448.9M
Cash From Investing Activities -187.2M -74.30M
Cash From Financing Activities -395.0M -425.4M
Net Change In Cash -138.3M -50.80M
YoY Change 172.24% -115.14%
FREE CASH FLOW
Cash From Operating Activities $443.9M $448.9M
Capital Expenditures -$110.6M -$44.30M
Free Cash Flow $554.5M $493.2M
YoY Change 12.43% 3.05%

Facts In Submission

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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2017Q4 us-gaap Goodwill
Goodwill
5935700000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
6001100000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
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-56800000 USD
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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2496000000 USD
CY2018Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2496000000 USD
us-gaap Goodwill Period Increase Decrease
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122200000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
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473900000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
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454000000 USD
us-gaap Income Loss From Continuing Operations
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583800000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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492000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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648300000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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586500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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753000000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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353900000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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481500000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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458500000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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592000000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.37
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.84
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.83
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.35
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.35
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.82
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.82
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.32
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
8300000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1800000 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-15300000 USD
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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8300000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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1800000 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-5900000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.06
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
138100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166800000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
128000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
161000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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323300000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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466400000 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3200000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2700000 shares
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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3742900000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
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3704900000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
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9678600000 USD
CY2018Q2 us-gaap Intangible Assets Net Including Goodwill
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9706000000 USD
CY2017Q2 us-gaap Interest Expense
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54100000 USD
us-gaap Interest Expense
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108100000 USD
CY2018Q2 us-gaap Interest Expense
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50300000 USD
us-gaap Interest Expense
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123200000 USD
CY2018Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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700000 USD
CY2017Q4 us-gaap Inventory Finished Goods
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941000000 USD
CY2018Q2 us-gaap Inventory Finished Goods
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1056600000 USD
CY2017Q4 us-gaap Inventory Gross
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1624300000 USD
CY2018Q2 us-gaap Inventory Gross
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1802500000 USD
CY2017Q4 us-gaap Inventory Lifo Reserve
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68900000 USD
CY2018Q2 us-gaap Inventory Lifo Reserve
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69200000 USD
CY2017Q4 us-gaap Inventory Net
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1555400000 USD
CY2018Q2 us-gaap Inventory Net
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1733300000 USD
CY2017Q4 us-gaap Inventory Raw Materials
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502800000 USD
CY2018Q2 us-gaap Inventory Raw Materials
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532800000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
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120300000 USD
CY2018Q2 us-gaap Inventory Valuation Reserves
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116900000 USD
CY2017Q4 us-gaap Inventory Work In Process
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180500000 USD
CY2018Q2 us-gaap Inventory Work In Process
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213100000 USD
CY2017Q2 us-gaap Investment Income Interest
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1300000 USD
us-gaap Investment Income Interest
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4400000 USD
CY2018Q2 us-gaap Investment Income Interest
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2600000 USD
us-gaap Investment Income Interest
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6200000 USD
CY2017Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
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0 USD
CY2018Q2 us-gaap Investments In And Advances To Affiliates At Fair Value
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0 USD
CY2017Q4 us-gaap Liabilities
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CY2018Q2 us-gaap Liabilities
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11554200000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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18173300000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
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CY2018Q2 us-gaap Liabilities Current
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CY2018Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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3062600000 USD
CY2018Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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2000000000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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CY2018Q2 us-gaap Long Term Debt Noncurrent
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CY2017Q4 us-gaap Minority Interest
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CY2018Q2 us-gaap Minority Interest
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36600000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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7000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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35500000 USD
us-gaap Minority Interest Period Increase Decrease
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities
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405500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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377700000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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422300000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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414500000 USD
CY2017Q2 us-gaap Net Income Loss
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358600000 USD
us-gaap Net Income Loss
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475700000 USD
CY2018Q2 us-gaap Net Income Loss
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448100000 USD
us-gaap Net Income Loss
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568500000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3600000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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7600000 USD
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us-gaap Operating Income Loss
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CY2018Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2018Q2 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
0 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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288100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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296800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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176200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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296800000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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600000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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1000000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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8500000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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6800000 USD
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us-gaap Other Noncash Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2018Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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500100000 USD
us-gaap Payments For Restructuring
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us-gaap Payments Of Debt Issuance Costs
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200000 USD
us-gaap Payments Of Debt Issuance Costs
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11600000 USD
us-gaap Payments Of Dividends Common Stock
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204800000 USD
us-gaap Payments Of Dividends Common Stock
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221800000 USD
us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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39900000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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281500000 USD
us-gaap Payments To Acquire Productive Assets
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79500000 USD
us-gaap Payments To Acquire Productive Assets
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163400000 USD
us-gaap Payments To Minority Shareholders
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6800000 USD
us-gaap Payments To Minority Shareholders
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0 USD
CY2017Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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1247700000 USD
us-gaap Pension Contributions
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us-gaap Pension Contributions
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30000000 USD
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
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us-gaap Proceeds From Repayments Of Short Term Debt
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0 USD
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2017Q2 us-gaap Profit Loss
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362200000 USD
us-gaap Profit Loss
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483300000 USD
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452600000 USD
us-gaap Profit Loss
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38200000 USD
us-gaap Restructuring And Related Cost Incurred Cost
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51500000 USD
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CY2018Q2 us-gaap Restructuring Reserve Current
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42100000 USD
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CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Revenue Initial Application Period Cumulative Effect Transition Description
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2.4
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us-gaap Sales Revenue Net
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us-gaap Sales Revenue Net
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us-gaap Selling General And Administrative Expense
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CY2018Q2 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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P4Y9M20D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y9M18D
CY2016Q4 us-gaap Standard Product Warranty Accrual
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CY2017Q2 us-gaap Standard Product Warranty Accrual
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265900000 USD
CY2017Q4 us-gaap Standard Product Warranty Accrual
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270500000 USD
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CY2018Q2 us-gaap Standard Product Warranty Accrual Current
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147500000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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3400000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
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us-gaap Standard Product Warranty Accrual Payments
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65800000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
74000000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
2400000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4500000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
64300000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
75100000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
35000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13800000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
7140300000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
6787100000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6718300000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6794000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7206900000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6823700000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1719400000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1719300000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
575200000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500100000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
120500000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
120700000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
259700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
261100000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
250100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
251600000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
256400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
257900000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
247500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
248900000 shares
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;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2018</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, 2017</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;">274.0</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;">24.5</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;">1.4</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;">(5.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</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;">&#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></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;">June&#160;30, 2018</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;">269.8</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><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;">24.5</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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