2013 Q4 Form 10-K Financial Statement

#000110465914009908 Filed on February 14, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $3.506B $2.904B $2.839B
YoY Change 4.28% -3.2% -5.96%
Cost Of Revenue $2.938B $2.473B $2.338B
YoY Change 5.04% -0.08% -3.98%
Gross Profit $568.0M $431.0M $501.0M
YoY Change 0.53% -17.9% -14.21%
Gross Profit Margin 16.2% 14.84% 17.65%
Selling, General & Admin $306.0M $245.0M $296.0M
YoY Change -2.24% -7.2% 7.25%
% of Gross Profit 53.87% 56.84% 59.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $104.0M $93.00M $95.00M
YoY Change -1.89% -1.06% 3.26%
% of Gross Profit 18.31% 21.58% 18.96%
Operating Expenses $306.0M $245.0M $296.0M
YoY Change -2.24% -7.2% 7.25%
Operating Profit $262.0M $186.0M $205.0M
YoY Change 3.97% -28.74% -33.44%
Interest Expense -$39.00M $41.00M $42.00M
YoY Change -25.0% -21.15% -20.75%
% of Operating Profit -14.89% 22.04% 20.49%
Other Income/Expense, Net
YoY Change
Pretax Income $223.0M $145.0M $163.0M
YoY Change 11.5% -30.62% -36.08%
Income Tax $52.00M $47.00M $49.00M
% Of Pretax Income 23.32% 32.41% 30.06%
Net Earnings $167.0M $99.00M $113.0M
YoY Change 12.84% -34.44% -34.3%
Net Earnings / Revenue 4.76% 3.41% 3.98%
Basic Earnings Per Share $0.59 $0.35 $0.40
Diluted Earnings Per Share $0.59 $0.35 $0.40
COMMON SHARES
Basic Shares Outstanding 282.3M shares 281.5M shares 280.2M shares
Diluted Shares Outstanding 281.7M shares 283.8M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.211B $637.0M $459.0M
YoY Change -12.12% -48.3% -48.89%
Cash & Equivalents $1.211B $637.0M $571.0M
Short-Term Investments
Other Short-Term Assets $467.0M $501.0M $489.0M
YoY Change -0.64% -8.74% -30.54%
Inventory $2.963B $3.220B $3.203B
Prepaid Expenses
Receivables $979.0M $1.115B $1.007B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.620B $5.473B $5.158B
YoY Change 4.29% -0.96% -2.27%
LONG-TERM ASSETS
Property, Plant & Equipment $2.215B $2.163B $2.141B
YoY Change 3.07% 4.09% 5.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.605B $1.710B $1.743B
YoY Change -11.86% -2.68% -6.79%
Total Long-Term Assets $7.324B $6.984B $7.282B
YoY Change -4.19% -7.36% -6.52%
TOTAL ASSETS
Total Short-Term Assets $5.620B $5.473B $5.158B
Total Long-Term Assets $7.324B $6.984B $7.282B
Total Assets $12.94B $12.46B $12.44B
YoY Change -0.68% -4.65% -4.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.107B $1.004B $966.0M
YoY Change 8.42% 6.47% 9.03%
Accrued Expenses $1.888B $1.768B $1.649B
YoY Change -3.48% 0.97% -10.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000M $104.0M $374.0M
YoY Change -98.5% -80.04% -26.23%
Total Short-Term Liabilities $3.003B $2.883B $2.989B
YoY Change -14.49% -10.33% -7.46%
LONG-TERM LIABILITIES
Long-Term Debt $3.179B $3.194B $3.235B
YoY Change -7.91% -10.08% -10.61%
Other Long-Term Liabilities $2.378B $2.800B $2.836B
YoY Change -22.74% -6.35% -9.02%
Total Long-Term Liabilities $5.557B $5.994B $6.071B
YoY Change -14.9% -8.38% -9.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.003B $2.883B $2.989B
Total Long-Term Liabilities $5.557B $5.994B $6.071B
Total Liabilities $8.560B $8.877B $9.060B
YoY Change -14.76% -9.02% -9.09%
SHAREHOLDERS EQUITY
Retained Earnings $4.045B $4.138B $4.044B
YoY Change 5.78% 12.42%
Common Stock $35.00M $37.00M $37.00M
YoY Change 0.0% 5.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $316.0M $316.0M
YoY Change 10433.33%
Treasury Stock Shares
Shareholders Equity $4.384B $3.580B $3.380B
YoY Change
Total Liabilities & Shareholders Equity $12.94B $12.46B $12.44B
YoY Change -0.68% -4.65% -4.81%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $167.0M $99.00M $113.0M
YoY Change 12.84% -34.44% -34.3%
Depreciation, Depletion And Amortization $104.0M $93.00M $95.00M
YoY Change -1.89% -1.06% 3.26%
Cash From Operating Activities $918.0M $358.0M -$67.00M
YoY Change 73.21% -4.53% -124.28%
INVESTING ACTIVITIES
Capital Expenditures $144.0M $110.0M $113.0M
YoY Change -13.25% -29.49% 32.94%
Acquisitions
YoY Change
Other Investing Activities -$89.00M $147.0M $29.00M
YoY Change -143.41% -22.22% -89.18%
Cash From Investing Activities -$233.0M $37.00M -$84.00M
YoY Change -697.44% 12.12% -145.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -113.0M -334.0M -65.00M
YoY Change -71.25% 297.62% -66.15%
NET CHANGE
Cash From Operating Activities 918.0M 358.0M -67.00M
Cash From Investing Activities -233.0M 37.00M -84.00M
Cash From Financing Activities -113.0M -334.0M -65.00M
Net Change In Cash 572.0M 61.00M -216.0M
YoY Change 225.0% -81.17% -180.9%
FREE CASH FLOW
Cash From Operating Activities $918.0M $358.0M -$67.00M
Capital Expenditures $144.0M $110.0M $113.0M
Free Cash Flow $774.0M $248.0M -$180.0M
YoY Change 112.64% 13.24% -194.24%

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CY2013 us-gaap Use Of Estimates
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of Estimates</font></b></p> <p style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements.&#160; Actual results could differ from those estimates.&#160; Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.</font></p> <p style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">During 2013, 2012 and 2011, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting. These changes in estimates increased income from continuing operations before income taxes in 2013, 2012 and 2011 by $29 million, $15 million and $54 million, respectively, ($18 million, $9 million and $34 million after tax, or $0.06, $0.03 and $0.11 per diluted share, respectively).&#160; For 2013, 2012 and 2011, the gross favorable program profit adjustments totaled $51 million, $88 million and $83 million, respectively. For 2013, 2012 and 2011, the gross unfavorable program profit adjustments totaled $22 million, $73 million and $29 million, respectively.</font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> </div>
CY2013 txt Number Of Borrowing Groups
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2 item
CY2012 txt Gross Favorable Program Profit Adjustments
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88000000 USD
CY2011 txt Gross Favorable Program Profit Adjustments
GrossFavorableProgramProfitAdjustments
83000000 USD
CY2013 txt Gross Favorable Program Profit Adjustments
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51000000 USD
CY2012 txt Gross Unfavorable Program Profit Adjustments
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73000000 USD
CY2011 txt Gross Unfavorable Program Profit Adjustments
GrossUnfavorableProgramProfitAdjustments
29000000 USD
CY2013 txt Gross Unfavorable Program Profit Adjustments
GrossUnfavorableProgramProfitAdjustments
22000000 USD
CY2013 txt Period Of Customization Services
PeriodOfCustomizationServices
P6M
CY2013 txt Collaborative Arrangement Contract Profit Sharing Percentage Allocated
CollaborativeArrangementContractProfitSharingPercentageAllocated
0.50 pure
CY2013 txt Collaborative Arrangement Contract Profit Sharing Percentage Allocated To Party
CollaborativeArrangementContractProfitSharingPercentageAllocatedToParty
0.50 pure
CY2013 txt Percentage Of Gross Intangible Assets Amortized Using Cash Flow Streams Used To Value The Assets
PercentageOfGrossIntangibleAssetsAmortizedUsingCashFlowStreamsUsedToValueTheAssets
0.64 pure
CY2013 txt Period For Warranty And Product Maintenance Programs Minimum
PeriodForWarrantyAndProductMaintenanceProgramsMinimum
P1Y
CY2013 txt Period For Warranty And Product Maintenance Programs Maximum
PeriodForWarrantyAndProductMaintenanceProgramsMaximum
P5Y
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
584000000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
525000000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
651000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
470000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
232000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
238000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
545000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
269000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
276000000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
40000000 USD
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51000000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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43000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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42000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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36000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
32000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2012Q4 us-gaap Unbilled Contracts Receivable
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149000000 USD
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CY2012Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2012Q4 txt Finance Receivables Held For Investment Net
FinanceReceivablesHeldForInvestmentNet
1850000000 USD
CY2013Q4 txt Finance Receivables Held For Investment Net
FinanceReceivablesHeldForInvestmentNet
1428000000 USD
CY2012Q4 txt Finance Receivables Held For Sale
FinanceReceivablesHeldForSale
140000000 USD
CY2013Q4 txt Finance Receivables Held For Sale
FinanceReceivablesHeldForSale
65000000 USD
CY2012Q4 txt Financing Receivables
FinancingReceivables
1990000000 USD
CY2013Q4 txt Financing Receivables
FinancingReceivables
1493000000 USD
CY2013Q4 txt Average Balance Of Finance Receivables
AverageBalanceOfFinanceReceivables
1000000 USD
CY2012 txt Proceeds From Collection Of Finance Receivables Held For Sale
ProceedsFromCollectionOfFinanceReceivablesHeldForSale
207000000 USD
CY2012 txt Proceeds From Sale Of Finance Receivables Held For Sale
ProceedsFromSaleOfFinanceReceivablesHeldForSale
109000000 USD
CY2013 txt Proceeds From Sale Of Finance Receivables Held For Sale
ProceedsFromSaleOfFinanceReceivablesHeldForSale
64000000 USD
CY2013 txt Proceeds From Collection Of Finance Receivables Held For Sale
ProceedsFromCollectionOfFinanceReceivablesHeldForSale
76000000 USD
CY2012Q4 txt Percentage Of Domestic Based Finance Receivables
PercentageOfDomesticBasedFinanceReceivables
0.45 pure
CY2012Q4 txt Finance Receivables Sold To Special Purpose Entities Which Are Consolidated Subsidiaries
FinanceReceivablesSoldToSpecialPurposeEntitiesWhichAreConsolidatedSubsidiaries
341000000 USD
CY2013Q4 txt Percentage Of Domestic Based Finance Receivables
PercentageOfDomesticBasedFinanceReceivables
0.41 pure
CY2013 txt Number Of Loan Categories Based On Key Credit Quality Indicators For Individual Loan
NumberOfLoanCategoriesBasedOnKeyCreditQualityIndicatorsForIndividualLoan
3 item
CY2013Q4 txt Finance Receivables Sold To Special Purpose Entities Which Are Consolidated Subsidiaries
FinanceReceivablesSoldToSpecialPurposeEntitiesWhichAreConsolidatedSubsidiaries
200000000 USD
CY2012Q4 txt Finance Receivables Held For Investment
FinanceReceivablesHeldForInvestment
1934000000 USD
CY2013Q4 txt Finance Receivables Held For Investment
FinanceReceivablesHeldForInvestment
1483000000 USD
CY2013Q4 txt Financing Receivable Held For Investment Recorded Investment Zero To Thirty Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentZeroToThirtyDaysPastDue
1295000000 USD
CY2013Q4 txt Financing Receivable Held For Investment Recorded Investment Thirty One To Sixty Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentThirtyOneToSixtyDaysPastDue
108000000 USD
CY2013Q4 txt Financing Receivable Held For Investment Recorded Investment Sixty One To Ninety Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentSixtyOneToNinetyDaysPastDue
37000000 USD
CY2013Q4 txt Financing Receivable Held For Investment Recorded Investment Greater Than Ninety Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentGreaterThanNinetyDaysPastDue
43000000 USD
CY2012Q4 txt Financing Receivable Held For Investment Recorded Investment Zero To Thirty Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentZeroToThirtyDaysPastDue
1757000000 USD
CY2012Q4 txt Financing Receivable Held For Investment Recorded Investment Thirty One To Sixty Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentThirtyOneToSixtyDaysPastDue
87000000 USD
CY2012Q4 txt Financing Receivable Held For Investment Recorded Investment Sixty One To Ninety Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentSixtyOneToNinetyDaysPastDue
56000000 USD
CY2012Q4 txt Financing Receivable Held For Investment Recorded Investment Greater Than Ninety Days Past Due
FinancingReceivableHeldForInvestmentRecordedInvestmentGreaterThanNinetyDaysPastDue
34000000 USD
CY2013Q4 txt Financing Receivable Accrual Status Loans Recorded Investment Greater Than Ninety Days Past Due
FinancingReceivableAccrualStatusLoansRecordedInvestmentGreaterThanNinetyDaysPastDue
5000000 USD
CY2012Q4 txt Financing Receivable Accrual Status Loans Recorded Investment Greater Than Ninety Days Past Due
FinancingReceivableAccrualStatusLoansRecordedInvestmentGreaterThanNinetyDaysPastDue
0 USD
CY2013Q4 txt Contractual Delinquency Of Sixty Plus Days As Percentage Of Finance Receivables Held For Investment
ContractualDelinquencyOfSixtyPlusDaysAsPercentageOfFinanceReceivablesHeldForInvestment
0.0539 pure
CY2012Q4 txt Contractual Delinquency Of Sixty Plus Days As Percentage Of Finance Receivables Held For Investment
ContractualDelinquencyOfSixtyPlusDaysAsPercentageOfFinanceReceivablesHeldForInvestment
0.0465 pure
CY2012Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
72000000 USD
CY2013 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
155000000 USD
CY2012 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
270000000 USD
CY2013Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
78000000 USD
CY2013Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
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CY2013Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
137000000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
141000000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
14000000 USD
CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
99000000 USD
CY2012Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
171000000 USD
CY2012Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
187000000 USD
CY2012Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
27000000 USD
CY2013Q4 us-gaap Leveraged Leases Balance Sheet Investment In Leveraged Leases Net
LeveragedLeasesBalanceSheetInvestmentInLeveragedLeasesNet
120000000 USD
CY2012Q4 us-gaap Leveraged Leases Balance Sheet Investment In Leveraged Leases Net
LeveragedLeasesBalanceSheetInvestmentInLeveragedLeasesNet
122000000 USD
CY2013Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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1226000000 USD
CY2013Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
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137000000 USD
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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41000000 USD
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
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14000000 USD
CY2012Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2012Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
171000000 USD
CY2012Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
57000000 USD
CY2012Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
27000000 USD
CY2011Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
156000000 USD
CY2013 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
23000000 USD
CY2012 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3000000 USD
CY2013 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
17000000 USD
CY2012 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
84000000 USD
CY2013 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
12000000 USD
CY2012 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
15000000 USD
CY2013 txt Financing Receivable Allowance For Credit Losses Transfers
FinancingReceivableAllowanceForCreditLossesTransfers
1000000 USD
CY2013Q4 txt Captive Finance Receivables
CaptiveFinanceReceivables
1201000000 USD
CY2012Q4 txt Captive Finance Receivables
CaptiveFinanceReceivables
1496000000 USD
CY2013Q4 us-gaap Inventory Finished Goods
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1276000000 USD
CY2013Q4 us-gaap Inventory Work In Process
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CY2013Q4 us-gaap Inventory Raw Materials
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407000000 USD
CY2013Q4 us-gaap Inventory Gross
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4160000000 USD
CY2013Q4 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
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1197000000 USD
CY2013Q4 us-gaap Inventory Net
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CY2012Q4 us-gaap Lifo Inventory Amount
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382000000 USD
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CY2011Q1 us-gaap Product Warranty Accrual
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CY2013 us-gaap Product Warranty Accrual Warranties Issued
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299000000 USD
CY2013Q4 us-gaap Capital Leased Assets Gross
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CY2013Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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56000000 USD
CY2012Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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51000000 USD
CY2012Q4 us-gaap Customer Deposits Current
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725000000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
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282000000 USD
CY2012Q4 us-gaap Product Warranty Accrual Classified Current
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180000000 USD
CY2012Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
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80000000 USD
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CY2012Q4 us-gaap Accrued Liabilities Current
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1956000000 USD
CY2013Q4 us-gaap Customer Deposits Current
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CY2013Q4 us-gaap Product Warranty Accrual Classified Current
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CY2013Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
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538000000 USD
CY2013Q4 us-gaap Accrued Liabilities Current
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CY2012Q4 us-gaap Product Warranty Accrual
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CY2012 us-gaap Product Warranty Accrual Payments
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250000000 USD
CY2011 us-gaap Product Warranty Accrual Payments
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223000000 USD
CY2013 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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CY2012 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
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CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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230000000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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710000000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
450000000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
74000000 USD
CY2011Q4 txt Common Shares Covered Under Capped Call
CommonSharesCoveredUnderCappedCall
28700000 shares
CY2013Q2 txt Amount Received From Counterparties Upon Expiration Of Capped Calls
AmountReceivedFromCounterpartiesUponExpirationOfCappedCalls
75000000 USD
CY2013 txt Minimum Fixed Charge Coverage Required To Be Maintained By Subsidiary
MinimumFixedChargeCoverageRequiredToBeMaintainedBySubsidiary
1.25 pure
CY2013 txt Minimum Shareholders Equity Required To Be Maintain By Subsidiary
MinimumShareholdersEquityRequiredToBeMaintainBySubsidiary
200000000 USD
CY2011 us-gaap Proceeds From Contributions From Parent
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CY2012 us-gaap Proceeds From Contributions From Parent
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240000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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15000000 USD
CY2013Q4 us-gaap Preferred Stock Shares Authorized
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CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2013Q4 us-gaap Common Stock Shares Authorized
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CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2011Q1 us-gaap Common Stock Shares Outstanding
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CY2011Q4 us-gaap Common Stock Shares Outstanding
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2011 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
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CY2012 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
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CY2013 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
1921000 shares
CY2012 us-gaap Stock Repurchased During Period Shares
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CY2011 us-gaap Stock Issued During Period Shares Other
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271000 shares
CY2012 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
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CY2013 us-gaap Stock Issued During Period Shares Other
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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CY2013 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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-124000000 USD
CY2012 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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5000000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
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286000000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
14000000 USD
CY2012 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
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CY2012 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 txt Number Of Months In Which Certain Audit Cycles For Domestic And Foreign Jurisdictions Could Be Completed
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CY2013 txt Minimum Likelihood Realization To Record Largest Amount Of Tax Benefit For Tax Position Upon Settlement With Tax Authority
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CY2012 txt Cash Paid For Interest By Finance Group To Manufacturing Group
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CY2012 txt Taxes Paid Net Of Refunds Received For Finance Groups Settlement Of Tax Deductions Primarily Taken For Leveraged Lease Transactions
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CY2013Q1 txt Operating Profit Margin
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CY2013Q2 txt Operating Profit Margin
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CY2013Q3 txt Operating Profit Margin
OperatingProfitMargin
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CY2013Q4 txt Operating Profit Margin
OperatingProfitMargin
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CY2012Q2 txt Operating Profit Margin
OperatingProfitMargin
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CY2012Q3 txt Operating Profit Margin
OperatingProfitMargin
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CY2012Q4 txt Operating Profit Margin
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CY2012Q1 txt Corporate Expenses And Other Net
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CY2012Q1 us-gaap Income Tax Expense Benefit
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CY2012Q1 txt Common Stock Price Range High
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CY2012Q4 txt Common Stock Price Range High
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CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q1 txt Common Stock Price Range High
CommonStockPriceRangeHigh
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CY2013Q2 txt Common Stock Price Range High
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CY2013Q3 txt Common Stock Price Range High
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CY2013Q1 txt Common Stock Price Range Low
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23.94
CY2013Q2 txt Common Stock Price Range Low
CommonStockPriceRangeLow
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CY2013Q3 txt Common Stock Price Range Low
CommonStockPriceRangeLow
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CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2013Q4 txt Common Stock Price Range High
CommonStockPriceRangeHigh
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CY2013Q4 txt Common Stock Price Range Low
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CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2013 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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CY2013 us-gaap Number Of Reportable Segments
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CY2012Q4 txt Consolidated Property Plant Equipment Net
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2150000000 USD
CY2013Q4 txt Consolidated Property Plant Equipment Net
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2215000000 USD
CY2012 txt Corporate Expenses And Other Net
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148000000 USD
CY2011 txt Corporate Expenses And Other Net
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114000000 USD
CY2013 txt Corporate Expenses And Other Net
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166000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
12000000 USD
CY2013Q2 txt Cap Price Of Capped Calls
CapPriceOfCappedCalls
15.75
CY2013Q2 txt Minimum Stock Price
MinimumStockPrice
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CY2013Q2 txt Maximum Stock Price
MaximumStockPrice
15.75
CY2013 us-gaap Payments To Acquire Productive Assets
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CY2013Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
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CY2012Q4 txt Finance Receivables Held For Investment Gross
FinanceReceivablesHeldForInvestmentGross
1934000000 USD
CY2013Q4 txt Finance Receivables Held For Investment Gross
FinanceReceivablesHeldForInvestmentGross
1483000000 USD
CY2013 txt Collaborative Arrangement Number Of Employees
CollaborativeArrangementNumberOfEmployees
0 item
CY2013Q4 txt Collaborative Arrangement Assets
CollaborativeArrangementAssets
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CY2013Q4 us-gaap Asset Retirement Obligation
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CY2013 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
29000000 USD
CY2012 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
2000000 USD
CY2011 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
15000000 USD
CY2013 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
12000000 USD
CY2012 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
1000000 USD
CY2011 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
5000000 USD
CY2013 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
17000000 USD
CY2012 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
1000000 USD
CY2011 txt Other Comprehensive Income Loss Recognition Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossRecognitionAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
10000000 USD
CY2013 us-gaap Dividends Cash
DividendsCash
22000000 USD
CY2013 txt Share Based Compensation Activity
ShareBasedCompensationActivity
99000000 USD
CY2013 txt Portfolio Losses On Finance Assets
PortfolioLossesOnFinanceAssets
29000000 USD
CY2013 txt Settlement Of Capped Call
SettlementOfCappedCall
75000000 USD
CY2013 txt Valuation Allowance On Finance Receivables Held For Sale
ValuationAllowanceOnFinanceReceivablesHeldForSale
-31000000 USD
CY2013Q2 txt Strike Price Of Capped Calls
StrikePriceOfCappedCalls
13.125
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
11972000000 USD
CY2013 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
10131000000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
35000000 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1331000000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1126000000 USD
CY2013 us-gaap Interest Expense
InterestExpense
173000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4045000000 USD
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-63000000 USD
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
118000000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
118000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
42000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
65000000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-182000000 USD
CY2013 txt Net Increase Decrease In Income Taxes
NetIncreaseDecreaseInIncomeTaxes
-84000000 USD
CY2013 txt Net Increase Decrease In Pension
NetIncreaseDecreaseInPension
17000000 USD
CY2013 txt Captive Finance Receivables Net
CaptiveFinanceReceivablesNet
-237000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-4000000 USD
CY2013 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-3000000 USD
CY2013 txt Finance Receivables Repaid
FinanceReceivablesRepaid
190000000 USD
CY2013 txt Proceeds From Sale Of Receivables And Other Finance Assets
ProceedsFromSaleOfReceivablesAndOtherFinanceAssets
178000000 USD
CY2013 txt Finance Receivables Originated Or Purchased
FinanceReceivablesOriginatedOrPurchased
10000000 USD
CY2013 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
196000000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-18000000 USD
CY2013 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
1056000000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
448000000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6000000 USD
CY2013 txt Stock Issued During Period Shares Exercise Of Warrants
StockIssuedDuringPeriodSharesExerciseOfWarrants
7435000 shares
CY2013Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound
213000000 USD
CY2013Q4 txt Deferred Tax Liabilities Prepaid Pension Costs And Post Retirements Benefits
DeferredTaxLiabilitiesPrepaidPensionCostsAndPostRetirementsBenefits
143000000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
31000000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
19000000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3000000 USD
CY2013 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
86000000 USD
CY2013 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
-215000000 USD
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY

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