2014 Q4 Form 10-K Financial Statement

#000009747615000003 Filed on February 24, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 2013 Q4
Revenue $3.269B $13.05B $3.028B
YoY Change 7.96% 6.88% 1.64%
Cost Of Revenue $1.376B $5.618B $1.391B
YoY Change -1.08% -3.82% -9.26%
Gross Profit $1.895B $7.427B $1.640B
YoY Change 15.55% 16.7% 13.42%
Gross Profit Margin 57.97% 56.93% 54.16%
Selling, General & Admin $429.0M $1.843B $461.0M
YoY Change -6.94% -0.81% 6.47%
% of Gross Profit 22.64% 24.81% 28.11%
Research & Development $311.0M $1.358B $346.0M
YoY Change -10.12% -10.78% -18.59%
% of Gross Profit 16.41% 18.28% 21.1%
Depreciation & Amortization $305.0M $850.0M $378.0M
YoY Change -19.31% -3.3% 19.24%
% of Gross Profit 16.09% 11.44% 23.05%
Operating Expenses $820.0M $3.201B $886.0M
YoY Change -7.45% -5.3% 3.26%
Operating Profit $1.100B $3.947B $687.0M
YoY Change 60.12% 39.37% 16.84%
Interest Expense -$22.00M -$76.00M -$24.00M
YoY Change -8.33% -1.3% 4.35%
% of Operating Profit -2.0% -1.93% -3.49%
Other Income/Expense, Net $9.000M $21.00M $19.00M
YoY Change -52.63% 23.53% -51.28%
Pretax Income $1.087B $3.874B $682.0M
YoY Change 59.38% 40.67% 342.86%
Income Tax $262.0M $1.053B $171.0M
% Of Pretax Income 24.1% 27.18% 25.07%
Net Earnings $825.0M $2.821B $511.0M
YoY Change 61.45% 30.48% 93.56%
Net Earnings / Revenue 25.24% 21.63% 16.88%
Basic Earnings Per Share $0.78 $2.61 $0.46
Diluted Earnings Per Share $0.76 $2.57 $0.46
COMMON SHARES
Basic Shares Outstanding 1.065B shares
Diluted Shares Outstanding 1.080B shares

Balance Sheet

Concept 2014 Q4 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.541B $3.541B $3.829B
YoY Change -7.52% -7.52% -3.43%
Cash & Equivalents $1.199B $1.199B $1.627B
Short-Term Investments $2.342B $2.342B $2.202B
Other Short-Term Assets $850.0M $850.0M $1.256B
YoY Change -32.32% -32.32% -1.72%
Inventory $1.784B $1.784B $1.731B
Prepaid Expenses
Receivables $1.246B $1.246B $1.203B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.768B $7.421B $8.019B
YoY Change -3.13% -7.46% -2.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.840B $2.840B $3.399B
YoY Change -16.45% -16.45% -13.11%
Goodwill $4.362B $4.362B
YoY Change 0.0% 0.0%
Intangibles $1.902B $2.223B
YoY Change -14.44% -13.1%
Long-Term Investments $251.0M $251.0M $216.0M
YoY Change 16.2% 16.2% 0.47%
Other Assets $244.0M $513.0M $264.0M
YoY Change -7.58% -14.64% 3.94%
Total Long-Term Assets $9.954B $9.951B $10.92B
YoY Change -8.84% -8.87% -7.4%
TOTAL ASSETS
Total Short-Term Assets $7.768B $7.421B $8.019B
Total Long-Term Assets $9.954B $9.951B $10.92B
Total Assets $17.72B $17.37B $18.94B
YoY Change -6.42% -8.27% -5.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $437.0M $437.0M $422.0M
YoY Change 3.55% 3.55% -4.95%
Accrued Expenses $1.149B $1.149B $651.0M
YoY Change 76.5% 34.39% -26.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.001B $1.001B $1.000B
YoY Change 0.1% 0.1% -33.33%
Total Short-Term Liabilities $2.662B $2.658B $2.747B
YoY Change -3.09% -3.24% -19.91%
LONG-TERM LIABILITIES
Long-Term Debt $3.641B $3.630B $4.158B
YoY Change -12.43% -12.7% -0.67%
Other Long-Term Liabilities $630.0M $630.0M $678.0M
YoY Change -7.08% -7.08% -22.25%
Total Long-Term Liabilities $3.641B $4.260B $4.158B
YoY Change -12.43% -11.91% -0.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.662B $2.658B $2.747B
Total Long-Term Liabilities $3.641B $4.260B $4.158B
Total Liabilities $7.332B $6.982B $8.131B
YoY Change -9.83% -14.13% -10.25%
SHAREHOLDERS EQUITY
Retained Earnings $29.65B $28.17B
YoY Change 5.25% 3.56%
Common Stock $3.109B $2.952B
YoY Change 5.32% 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.84B $19.79B
YoY Change 10.36% 7.19%
Treasury Stock Shares $694.2M $658.0M
Shareholders Equity $10.39B $10.39B $10.81B
YoY Change
Total Liabilities & Shareholders Equity $17.72B $17.37B $18.94B
YoY Change -6.42% -8.27% -5.41%

Cashflow Statement

Concept 2014 Q4 2014 2013 Q4
OPERATING ACTIVITIES
Net Income $825.0M $2.821B $511.0M
YoY Change 61.45% 30.48% 93.56%
Depreciation, Depletion And Amortization $305.0M $850.0M $378.0M
YoY Change -19.31% -3.3% 19.24%
Cash From Operating Activities $1.434B $4.054B $1.199B
YoY Change 19.6% 19.8% 10.51%
INVESTING ACTIVITIES
Capital Expenditures -$125.0M $385.0M -$107.0M
YoY Change 16.82% -6.55% 11.46%
Acquisitions
YoY Change
Other Investing Activities -$366.0M -$7.000M -$16.00M
YoY Change 2187.5% -84.78% -82.8%
Cash From Investing Activities -$491.0M -$377.0M -$123.0M
YoY Change 299.19% 12466.67% -34.92%
FINANCING ACTIVITIES
Cash Dividend Paid $1.323B
YoY Change 12.6%
Common Stock Issuance & Retirement, Net $2.831B
YoY Change -1.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.050B -4.105B -884.0M
YoY Change 18.78% 29.5% 28.12%
NET CHANGE
Cash From Operating Activities 1.434B 4.054B 1.199B
Cash From Investing Activities -491.0M -377.0M -123.0M
Cash From Financing Activities -1.050B -4.105B -884.0M
Net Change In Cash -107.0M -428.0M 192.0M
YoY Change -155.73% -302.84% -6.8%
FREE CASH FLOW
Cash From Operating Activities $1.434B $4.054B $1.199B
Capital Expenditures -$125.0M $385.0M -$107.0M
Free Cash Flow $1.559B $3.669B $1.306B
YoY Change 19.37% 23.45% 10.58%

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Both defined contribution plans offer an employer-matching savings option that allows employees to make pre-tax contributions to various investment choices, including a TI common stock fund. Employees who elected to continue accruing a benefit in the qualified defined benefit pension plans may also participate in the defined contribution plan, where employer-matching contributions are provided for up to 2 percent of the employee’s annual eligible earnings. Employees who elected not to continue accruing a benefit in the defined benefit pension plans, and employees hired after November 1997 and through December 31, 2003, may participate in the enhanced defined contribution plan. This plan provides for a fixed employer contribution of 2 percent of the employee’s annual eligible earnings, plus an employer-matching contribution of up to 4 percent of the employee’s annual eligible earnings. Employees hired after December 31, 2003, do not receive the fixed employer contribution of 2 percent of the employee’s annual eligible earnings.
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CY2013 us-gaap Earnings Per Share Basic
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CY2014 us-gaap Earnings Per Share Diluted
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319000000 USD
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CY2013 us-gaap Gain Loss On Sale Of Other Assets
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CY2014 us-gaap Goodwill Impairment Loss
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1935000000 USD
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3874000000 USD
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1190000000 USD
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1935000000 USD
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2754000000 USD
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3874000000 USD
CY2012 us-gaap Income Tax Expense Benefit
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CY2014 us-gaap Income Tax Expense Benefit
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CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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677000000 USD
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CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2012 us-gaap Payments For Repurchase Of Common Stock
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CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2012 us-gaap Investment Income Interest
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CY2014 us-gaap Investment Income Interest
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10000000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2014 us-gaap Income Tax Reconciliation Tax Contingencies
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3000000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
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129000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
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59000000 USD
CY2012 us-gaap Income Taxes Paid Net
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171000000 USD
CY2013 us-gaap Income Taxes Paid Net
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569000000 USD
CY2014 us-gaap Income Taxes Paid Net
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1104000000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
99000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-284000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-194000000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-311000000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-16000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49000000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-229000000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
78000000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-81000000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5000000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-26000000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
53000000 USD
CY2012 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-82000000 USD
CY2013 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
18000000 USD
CY2014 us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
89000000 USD
CY2012 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
63000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
152000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
21000000 USD
CY2012 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
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CY2013 us-gaap Increase Decrease In Pension And Postretirement Obligations
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28000000 USD
CY2014 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-58000000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-162000000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
136000000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-65000000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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1902000000 USD
CY2012 us-gaap Interest And Debt Expense
InterestAndDebtExpense
85000000 USD
CY2013 us-gaap Interest And Debt Expense
InterestAndDebtExpense
95000000 USD
CY2014 us-gaap Interest And Debt Expense
InterestAndDebtExpense
94000000 USD
CY2012 us-gaap Interest Paid
InterestPaid
97000000 USD
CY2013 us-gaap Interest Paid
InterestPaid
102000000 USD
CY2014 us-gaap Interest Paid
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102000000 USD
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
710000000 USD
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
124000000 USD
CY2013Q4 us-gaap Inventory Net
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1731000000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
1784000000 USD
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
102000000 USD
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
101000000 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
919000000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
120000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
113000000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
8131000000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
7332000000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18938000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
17722000000 USD
CY2013Q4 us-gaap Liabilities Current
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2747000000 USD
CY2014Q4 us-gaap Liabilities Current
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2662000000 USD
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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2000000000 USD
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1000000000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1001000000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2014Q4 us-gaap Long Term Debt Noncurrent
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CY2013Q4 us-gaap Long Term Investments
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216000000 USD
CY2014Q4 us-gaap Long Term Investments
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224000000 USD
CY2012 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
7000000 USD
CY2013 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
5000000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1951000000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3170000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3943000000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3000000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3414000000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3384000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3892000000 USD
CY2012 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Income Loss
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CY2013Q2 us-gaap Net Income Loss
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660000000 USD
CY2013Q3 us-gaap Net Income Loss
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CY2013Q4 us-gaap Net Income Loss
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CY2013 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q1 us-gaap Net Income Loss
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CY2014Q2 us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
NetIncomeLoss
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
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1728000000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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2125000000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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2777000000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
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2126000000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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2778000000 USD
CY2014 us-gaap Number Of Reportable Segments
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2 Reportable_Segments
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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105000000 USD
CY2012 us-gaap Operating Income Loss
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CY2013Q1 us-gaap Operating Income Loss
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CY2013Q2 us-gaap Operating Income Loss
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CY2013Q3 us-gaap Operating Income Loss
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CY2013Q4 us-gaap Operating Income Loss
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CY2013 us-gaap Operating Income Loss
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CY2014Q2 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Income Loss
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CY2014 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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CY2014Q4 us-gaap Other Accrued Liabilities Current
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CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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CY2012 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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1000000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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60000000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2014 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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0 USD
CY2012 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
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CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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0 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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1000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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0 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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3000000 USD
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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1000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
CY2013Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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CY2014Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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CY2012 us-gaap Other Labor Related Expenses
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CY2014Q4 us-gaap Other Liabilities Current
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CY2012 us-gaap Other Nonoperating Income Expense
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CY2012 us-gaap Other Nonrecurring Income Expense
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8000000 USD
CY2013 us-gaap Other Nonrecurring Income Expense
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CY2014 us-gaap Other Nonrecurring Income Expense
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124000000 USD
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1323000000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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412000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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385000000 USD
CY2012 us-gaap Payments To Acquire Short Term Investments
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2802000000 USD
CY2013 us-gaap Payments To Acquire Short Term Investments
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3907000000 USD
CY2014 us-gaap Payments To Acquire Short Term Investments
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216000000 USD
CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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225000000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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25
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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25
CY2013Q4 us-gaap Preferred Stock Shares Authorized
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2013Q4 us-gaap Preferred Stock Value
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0 USD
CY2014Q4 us-gaap Preferred Stock Value
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0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
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850000000 USD
CY2014Q4 us-gaap Prescription Drug Subsidy Receipts After Year Five
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ProceedsFromIssuanceOfLongTermDebt
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CY2014 us-gaap Restructuring Charges
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CY2014Q4 us-gaap Restructuring Reserve
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18000000 USD
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18000000 USD
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5000000 USD
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2000000 USD
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52000000 USD
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RecordedUnconditionalPurchaseObligationDueInThirdYear
35000000 USD
CY2014Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
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1500000000 USD
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1000000000 USD
CY2012 us-gaap Research And Development Expense
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CY2013 us-gaap Research And Development Expense
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ResearchAndDevelopmentExpense
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CY2013 us-gaap Restructuring Reserve Settled Without Cash1
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22000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2013 us-gaap Sales Revenue Net
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CY2014Q1 us-gaap Sales Revenue Net
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3292000000 USD
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CY2014 us-gaap Sales Revenue Net
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CY2012 us-gaap Stock Issued During Period Shares Share Based Compensation
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28245849 shares
CY2013 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2014 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
25481874 shares
CY2014Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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3170000000 USD
CY2012 us-gaap Selling General And Administrative Expense
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SellingGeneralAndAdministrativeExpense
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CY2012 us-gaap Share Based Compensation
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263000000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
287000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0210
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0256
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0272
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.30
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.26
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.22
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Black-Scholes-Merton option-pricing model
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0140
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0143
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0245
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.31
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.78
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.13
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CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P7Y3M18D
CY2013Q4 us-gaap Short Term Investments
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CY2014Q4 us-gaap Short Term Investments
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2342000000 USD
CY2014 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
three years of coverage; an obligation to repair, replace or refund; and a maximum payment obligation tied to the price paid for our products
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
10807000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
10390000000 USD
CY2014Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
108000000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
601131631 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
632636970 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
658012970 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2013 us-gaap Treasury Stock Shares Acquired
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CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2013Q4 us-gaap Treasury Stock Value
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19790000000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
21840000000 USD
CY2012 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
31000000 USD
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UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
37000000 USD
CY2014 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
44000000 USD
CY2012 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
31000000 USD
CY2013 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
36000000 USD
CY2014 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
43000000 USD
CY2014 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Indemnification guarantees</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We routinely sell products with an intellectual property indemnification included in the terms of sale. Historically, we have had only minimal, infrequent losses associated with these indemnities. Consequently, we cannot reasonably estimate any future liabilities that may result.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Warranty costs/product liabilities</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We accrue for known product-related claims if a loss is probable and can be reasonably estimated. During the periods presented, there have been no material accruals or payments regarding product warranty or product liability. Historically, we have experienced a low rate of payments on product claims. Although we cannot predict the likelihood or amount of any future claims, we do not believe they will have a material adverse effect on our financial condition, results of operations or liquidity. Consistent with general industry practice, we enter into formal contracts with certain customers that include negotiated warranty remedies. Typically, under these agreements our warranty for semiconductor products includes </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three years of coverage; an obligation to repair, replace or refund; and a maximum payment obligation tied to the price paid for our products</font><font style="font-family:inherit;font-size:10pt;">. In some cases, product claims may exceed the price of our products.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
7670000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
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210000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
184000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
91000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
108000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
92000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
10000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
9000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
-39000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
96000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
36000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
12000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
45000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
19000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
52000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
8000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
-5000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-32000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
10000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-6000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
30000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
13000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-24000000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14000000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
15000000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
15000000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1146000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1113000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1080000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1132000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1098000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1065000000 shares

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