2017 Q4 Form 10-K Financial Statement

#000100865419000013 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $588.6M $539.5M $554.8M
YoY Change -2.05% 3.39% -1.75%
Cost Of Revenue $201.6M $182.7M $177.7M
YoY Change 2.65% 8.49% -3.37%
Gross Profit $387.0M $356.8M $377.1M
YoY Change -4.33% 0.96% -0.97%
Gross Profit Margin 65.75% 66.14% 67.97%
Selling, General & Admin $279.8M $283.5M $297.9M
YoY Change -4.44% -0.25% -0.1%
% of Gross Profit 72.3% 79.46% 79.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.20M $15.10M $14.60M
YoY Change 10.95% 11.03% -4.58%
% of Gross Profit 3.93% 4.23% 3.87%
Operating Expenses $279.8M $283.5M $297.9M
YoY Change -4.44% -0.25% -0.1%
Operating Profit $107.2M $68.40M $77.00M
YoY Change -4.03% -24.84% -5.52%
Interest Expense -$10.50M $11.50M $11.60M
YoY Change -9.48% -10.16% 3.57%
% of Operating Profit -9.79% 16.81% 15.06%
Other Income/Expense, Net $800.0K -$1.300M -$1.700M
YoY Change -112.31% -533.33% 88.89%
Pretax Income $77.20M $56.40M $64.20M
YoY Change -17.52% -28.88% -8.55%
Income Tax $28.70M $25.00M $16.80M
% Of Pretax Income 37.18% 44.33% 26.17%
Net Earnings -$326.5M $31.40M $47.40M
YoY Change -513.29% -35.66% -9.54%
Net Earnings / Revenue -55.47% 5.82% 8.54%
Basic Earnings Per Share -$6.41 $0.62 $0.94
Diluted Earnings Per Share -$6.41 $0.61 $0.93
COMMON SHARES
Basic Shares Outstanding 50.89M shares 50.90M shares 50.70M shares
Diluted Shares Outstanding 51.30M shares 51.00M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.1M $85.00M $98.40M
YoY Change 54.61% -13.71% 24.56%
Cash & Equivalents $144.1M $118.9M $98.40M
Short-Term Investments
Other Short-Term Assets $53.40M $52.60M $48.50M
YoY Change -14.7% -12.04% 3.63%
Inventory $262.2M $291.1M $268.1M
Prepaid Expenses
Receivables $144.4M $154.1M $156.9M
Other Receivables $26.40M $27.40M $30.80M
Total Short-Term Assets $630.5M $623.6M $602.7M
YoY Change 15.62% 2.87% 2.96%
LONG-TERM ASSETS
Property, Plant & Equipment $278.2M $276.0M $269.1M
YoY Change 7.08% 7.69% 5.2%
Goodwill $78.90M $80.30M $141.6M
YoY Change -40.5% -42.52% -0.84%
Intangibles $62.50M
YoY Change -7.13%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change
Other Assets $40.60M $34.30M $33.30M
YoY Change 35.79% 13.2% 12.12%
Total Long-Term Assets $757.5M $1.085B $1.075B
YoY Change -27.34% 3.42% 2.82%
TOTAL ASSETS
Total Short-Term Assets $630.5M $623.6M $602.7M
Total Long-Term Assets $757.5M $1.085B $1.075B
Total Assets $1.388B $1.709B $1.678B
YoY Change -12.58% 3.22% 2.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $124.4M $88.30M $93.00M
YoY Change 5.69% -0.23% 4.49%
Accrued Expenses $401.4M $353.7M $315.3M
YoY Change 23.89% 2.64% 3.48%
Deferred Revenue
YoY Change
Short-Term Debt $131.0M $0.00 $0.00
YoY Change 25.96%
Long-Term Debt Due $133.0M $173.2M $176.8M
YoY Change 25.59% -13.36% -22.05%
Total Short-Term Liabilities $658.8M $635.1M $585.1M
YoY Change 20.31% 0.33% -5.71%
LONG-TERM LIABILITIES
Long-Term Debt $605.1M $605.3M $605.9M
YoY Change -0.15% -0.26% -0.25%
Other Long-Term Liabilities $243.5M $231.6M $218.9M
YoY Change 9.98% 2.66% -2.62%
Total Long-Term Liabilities $243.5M $231.6M $218.9M
YoY Change 9.98% 2.66% -2.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $658.8M $635.1M $585.1M
Total Long-Term Liabilities $243.5M $231.6M $218.9M
Total Liabilities $902.3M $866.7M $804.0M
YoY Change 17.33% 0.94% -4.89%
SHAREHOLDERS EQUITY
Retained Earnings $1.043B $1.408B $1.467B
YoY Change -28.32% -0.26% 4.98%
Common Stock $600.0K $600.0K $600.0K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $851.5M $863.7M $875.1M
YoY Change -3.26% -2.48% -1.39%
Treasury Stock Shares 12.55M shares 12.73M shares 12.89M shares
Shareholders Equity -$119.4M $236.5M $267.7M
YoY Change
Total Liabilities & Shareholders Equity $1.388B $1.709B $1.678B
YoY Change -12.58% 3.22% 2.87%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income -$326.5M $31.40M $47.40M
YoY Change -513.29% -35.66% -9.54%
Depreciation, Depletion And Amortization $15.20M $15.10M $14.60M
YoY Change 10.95% 11.03% -4.58%
Cash From Operating Activities $136.2M $31.60M -$18.00M
YoY Change -6.9% -47.77% -145.8%
INVESTING ACTIVITIES
Capital Expenditures -$19.70M -$16.00M $16.00M
YoY Change -15.81% 24.03% -200.63%
Acquisitions
YoY Change
Other Investing Activities $3.000M $5.000M $300.0K
YoY Change -26.83% -83.05% -84.21%
Cash From Investing Activities -$16.70M -$11.00M -$15.70M
YoY Change -13.47% -166.27% 12.14%
FINANCING ACTIVITIES
Cash Dividend Paid $34.70M
YoY Change
Common Stock Issuance & Retirement, Net $500.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.50M -35.20M $34.10M
YoY Change -19.85% -41.33% -178.57%
NET CHANGE
Cash From Operating Activities 136.2M 31.60M -$18.00M
Cash From Investing Activities -16.70M -11.00M -$15.70M
Cash From Financing Activities -96.50M -35.20M $34.10M
Net Change In Cash 23.00M -14.60M $5.300M
YoY Change 248.48% -185.38% -129.28%
FREE CASH FLOW
Cash From Operating Activities $136.2M $31.60M -$18.00M
Capital Expenditures -$19.70M -$16.00M $16.00M
Free Cash Flow $155.9M $47.60M -$34.00M
YoY Change -8.13% -35.15% -161.59%

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CY2018 us-gaap Current Foreign Tax Expense Benefit
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CurrentIncomeTaxExpenseBenefit
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CY2018 us-gaap Current Income Tax Expense Benefit
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2100000 USD
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CY2018Q4 us-gaap Debt And Capital Lease Obligations
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CY2018Q4 us-gaap Debt Current
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CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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19100000 USD
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4700000 USD
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17800000 USD
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18600000 USD
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45500000 USD
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3400000 USD
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33500000 USD
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20300000 USD
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17400000 USD
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84700000 USD
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104200000 USD
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6100000 USD
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6500000 USD
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6500000 USD
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57500000 USD
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CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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200000 USD
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9100000 USD
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18700000 USD
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25800000 USD
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8700000 USD
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18800000 USD
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2600000 USD
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62900000 USD
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9200000 USD
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167600000 USD
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CY2017Q3 us-gaap Gross Profit
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CY2017 us-gaap Gross Profit
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330300000 USD
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1377500000 USD
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301300000 USD
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185100000 USD
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276200000 USD
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346100000 USD
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261300000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
330400000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2016 us-gaap Income Tax Expense Benefit
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77700000 USD
CY2017 us-gaap Income Tax Expense Benefit
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450500000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
120300000 USD
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1300000 USD
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700000 USD
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300000 USD
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-100000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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5300000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
36200000 USD
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CY2017 us-gaap Proceeds From Repayments Of Notes Payable
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0 USD
CY2018 us-gaap Proceeds From Repayments Of Notes Payable
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15600000 USD
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35900000 USD
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14700000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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40700000 USD
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11100000 USD
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ProvisionForDoubtfulAccounts
16800000 USD
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20400000 USD
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ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
4500000 USD
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RepaymentsOfLongTermDebtAndCapitalSecurities
2200000 USD
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RepaymentsOfLongTermDebtAndCapitalSecurities
2000000 USD
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RepaymentsOfLongTermDebtAndCapitalSecurities
1900000 USD
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18300000 USD
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ResearchAndDevelopmentExpense
16700000 USD
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15000000 USD
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RestructuringCharges
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0 USD
CY2017 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0 USD
CY2018 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
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RestructuringReserveSettledWithoutCash2
400000 USD
CY2018 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
2000000 USD
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RestructuringReserveTranslationAdjustment
0 USD
CY2017 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
0 USD
CY2018 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
1100000 USD
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RestructuringSettlementAndImpairmentProvisions
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RestructuringSettlementAndImpairmentProvisions
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RestructuringSettlementAndImpairmentProvisions
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RetainedEarningsAccumulatedDeficit
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2069700000 USD
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RevenueFromRelatedParties
0 USD
CY2017 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2018 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2007Q4 us-gaap Sale Leaseback Transaction Historical Cost
SaleLeasebackTransactionHistoricalCost
24000000 USD
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SellingGeneralAndAdministrativeExpense
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SellingGeneralAndAdministrativeExpense
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CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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SeveranceCosts1
5400000 USD
CY2017 us-gaap Severance Costs1
SeveranceCosts1
48100000 USD
CY2018 us-gaap Severance Costs1
SeveranceCosts1
3600000 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
14940286 shares
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
20000000 USD
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ShareBasedCompensation
22600000 USD
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ShareBasedCompensation
14500000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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59.37
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1200000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6200000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
400000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
6594 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
58.12
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
611009 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.67
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.48
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.01
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3045316 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3630684 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
58.96
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
55.66
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.46
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
38.29
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y5M1D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y8M12D
CY2016 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
30703 shares
CY2017 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
40777 shares
CY2018 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
32445 shares
CY2017Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
131000000 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
283900000 USD
CY2017Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.019
CY2018Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.023
CY2017 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
322300000 USD
CY2018 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
364600000 USD
CY2017 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
389200000 USD
CY2018 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
509900000 USD
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
19047 shares
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
18500000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
31300000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
13100000 USD
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
161000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
212800000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-119400000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-235200000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
12549392 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
23800000 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2600000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
851500000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
939800000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1390000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100200000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
21800000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20700000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19800000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
700000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
400000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1200000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3400000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7300000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5500000 USD
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1100000 USD
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1800000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2700000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3600000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2200000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
1200000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1200000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
500000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3100000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3700000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
14800000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50700000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50800000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50200000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50500000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50800000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49900000 shares
CY2018 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications. </font><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified in the Consolidated Financial Statements to conform to current year presentation. This includes changes to the presentation of pension costs in other expense in the Company's Consolidated Statements of Income under ASU 2017-07, Improving the Presentation of Net Periodic Pension Costs and Net Periodic Post-Retirement Benefit Costs. For applying the retrospective presentation requirements under this standard, the Company used the practical expedient that allows for the use of amounts disclosed in its retirement benefit plans note for the year ended December 30, 2017 and December 31, 2016 as the estimation basis.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates.</font></div></div>

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