2013 Q4 Form 10-K Financial Statement

#000109072715000008 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $14.98B $13.52B $13.51B
YoY Change 2.78% 3.44% 1.18%
Cost Of Revenue $3.255B $2.749B $2.723B
YoY Change 0.37% 1.36% -0.87%
Gross Profit $11.72B $10.77B $10.78B
YoY Change 3.47% 3.99% 1.72%
Gross Profit Margin 78.27% 79.67% 79.84%
Selling, General & Admin $8.205B $7.497B $7.515B
YoY Change -34.32% -7.48% 3.47%
% of Gross Profit 70.0% 69.6% 69.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $467.0M $460.0M $466.0M
YoY Change -1.89% -0.86% 1.53%
% of Gross Profit 3.98% 4.27% 4.32%
Operating Expenses $9.817B $8.976B $9.045B
YoY Change -30.46% -6.43% 3.14%
Operating Profit $1.908B $1.804B $1.742B
YoY Change -168.58% 135.51% -2.68%
Interest Expense -$99.00M $92.00M $98.00M
YoY Change 0.0% -6.12% 6.52%
% of Operating Profit -5.19% 5.1% 5.63%
Other Income/Expense, Net $19.00M -$90.00M -$95.00M
YoY Change 375.0% -2.17% 10.47%
Pretax Income $1.824B $1.714B $1.647B
YoY Change -163.22% 154.3% -3.35%
Income Tax $657.0M $617.0M $576.0M
% Of Pretax Income 36.02% 36.0% 34.97%
Net Earnings $1.167B $1.097B $1.071B
YoY Change -166.76% 133.9% -4.03%
Net Earnings / Revenue 7.79% 8.11% 7.93%
Basic Earnings Per Share $1.26 $1.17 $1.14
Diluted Earnings Per Share $1.25 $1.16 $1.13
COMMON SHARES
Basic Shares Outstanding 935.0M shares 943.0M shares
Diluted Shares Outstanding 944.0M shares 952.0M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.245B $6.649B $6.192B
YoY Change -33.81% -26.25% -15.43%
Cash & Equivalents $4.665B $5.182B $4.808B
Short-Term Investments $580.0M $1.467B $1.384B
Other Short-Term Assets $956.0M $930.0M $1.032B
YoY Change -1.75% -23.39% -17.17%
Inventory $403.0M
Prepaid Expenses
Receivables $6.502B $5.592B $5.438B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.39B $13.76B $13.23B
YoY Change -14.14% -15.82% -10.04%
LONG-TERM ASSETS
Property, Plant & Equipment $17.96B $17.99B $17.88B
YoY Change 0.37% 0.91% 1.61%
Goodwill $2.190B $2.180B $2.149B
YoY Change 0.78% 0.46% 0.09%
Intangibles $775.0M $771.0M $678.0M
YoY Change 28.52% 25.57% 9.35%
Long-Term Investments $648.0M $406.0M $406.0M
YoY Change -10.87% 33.11% 33.55%
Other Assets $1.022B $1.059B $1.070B
YoY Change -5.02% -41.23% -40.79%
Total Long-Term Assets $22.17B $23.72B $23.48B
YoY Change -4.75% 4.39% 4.46%
TOTAL ASSETS
Total Short-Term Assets $13.39B $13.76B $13.23B
Total Long-Term Assets $22.17B $23.72B $23.48B
Total Assets $35.55B $37.48B $36.70B
YoY Change -8.52% -4.07% -1.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.478B $1.817B $2.008B
YoY Change 8.78% -2.47% -1.86%
Accrued Expenses $2.325B $2.035B $1.858B
YoY Change 20.65% 10.66% 4.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $48.00M $1.703B $1.086B
YoY Change -97.3% -55.87% -43.17%
Total Short-Term Liabilities $7.131B $7.821B $7.183B
YoY Change -15.01% -23.99% -14.49%
LONG-TERM LIABILITIES
Long-Term Debt $10.82B $10.90B $10.84B
YoY Change -2.39% -2.25% -2.47%
Other Long-Term Liabilities $1.415B $1.534B $1.629B
YoY Change -9.0% -3.94% 89.64%
Total Long-Term Liabilities $12.24B $12.43B $12.47B
YoY Change -3.2% -2.46% 4.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.131B $7.821B $7.183B
Total Long-Term Liabilities $12.24B $12.43B $12.47B
Total Liabilities $19.37B $20.25B $19.65B
YoY Change -7.91% -12.08% -3.54%
SHAREHOLDERS EQUITY
Retained Earnings $6.925B $7.102B $7.185B
YoY Change -13.41% -32.03% -33.64%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $69.00M $68.00M $67.00M
YoY Change -11.54% -11.69% -11.84%
Treasury Stock Shares 1.000M shares 1.000M shares 1.000M shares
Shareholders Equity $6.474B $3.642B $3.617B
YoY Change
Total Liabilities & Shareholders Equity $36.21B $37.48B $36.70B
YoY Change -6.82% -4.07% -1.27%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $1.167B $1.097B $1.071B
YoY Change -166.76% 133.9% -4.03%
Depreciation, Depletion And Amortization $467.0M $460.0M $466.0M
YoY Change -1.89% -0.86% 1.53%
Cash From Operating Activities $2.244B $1.629B $1.673B
YoY Change 6.2% 30.01% 6.56%
INVESTING ACTIVITIES
Capital Expenditures -$460.0M -$615.0M -$537.0M
YoY Change -16.36% -5.96% 3.07%
Acquisitions
YoY Change
Other Investing Activities $809.0M $5.000M -$563.0M
YoY Change 563.11% -90.74% -219.03%
Cash From Investing Activities $349.0M -$610.0M -$1.100B
YoY Change -181.54% 1.67% 2191.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.091B -675.0M -2.195B
YoY Change 7.18% -174.26% -2151.4%
NET CHANGE
Cash From Operating Activities 2.244B 1.629B 1.673B
Cash From Investing Activities 349.0M -610.0M -1.100B
Cash From Financing Activities -3.091B -675.0M -2.195B
Net Change In Cash -498.0M 344.0M -1.622B
YoY Change -58.47% -77.98% -199.57%
FREE CASH FLOW
Cash From Operating Activities $2.244B $1.629B $1.673B
Capital Expenditures -$460.0M -$615.0M -$537.0M
Free Cash Flow $2.704B $2.244B $2.210B
YoY Change 1.54% 17.67% 5.69%

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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2014Q4 us-gaap Compensation And Benefits Trust
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950000000 USD
CY2014 us-gaap Cost Of Other Property Operating Expense
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1044000000 USD
CY2012 us-gaap Cost Of Services Maintenance Costs
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CY2014 us-gaap Cost Of Services Maintenance Costs
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CY2013 us-gaap Cost Of Services Maintenance Costs
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1240000000 USD
CY2012 us-gaap Costs And Expenses
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CY2014 us-gaap Costs And Expenses
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CY2014 us-gaap Current Federal Tax Expense Benefit
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162000000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
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185000000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
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CY2013 us-gaap Current Income Tax Expense Benefit
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CY2012 us-gaap Current State And Local Tax Expense Benefit
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182000000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
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205000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2013Q4 us-gaap Debt Current
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CY2014Q4 us-gaap Debt Instrument Fair Value
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CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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18000000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2012 us-gaap Deferred Income Tax Expense Benefit
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CY2013 us-gaap Deferred Income Tax Expense Benefit
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385000000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
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-201000000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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590000000 USD
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70000000 USD
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2020
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CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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163000000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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110000000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.002
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2014Q4 us-gaap Earnings Per Share Diluted
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CY2014 us-gaap Earnings Per Share Diluted
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3.28
CY2014Q2 us-gaap Earnings Per Share Diluted Pro Forma Adjustment
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0.72
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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229000000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0.171
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.345
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013Q4 us-gaap Employee Related Liabilities Current
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2373000000 USD
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CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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190 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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199 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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265 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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286 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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261 USD
CY2012 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
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No countries outside of the United States, nor any individual customers, provided 10% or more of consolidated revenue.
CY2013 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
EntityWideDisclosureOnGeographicAreasDescriptionOfRevenueFromExternalCustomers
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CY2014 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
EntityWideDisclosureOnGeographicAreasDescriptionOfRevenueFromExternalCustomers
No countries outside of the United States, nor any individual customers, provided 10% or more of consolidated revenue.
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0.0865
CY2014 us-gaap Fair Value Inputs Discount Rate
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CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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0 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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0 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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64000000 USD
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76000000 USD
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140000000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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14000000 USD
CY2012 us-gaap Fuel Costs
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4090000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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CY2012Q4 us-gaap Goodwill
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2173000000 USD
CY2013Q4 us-gaap Goodwill
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2190000000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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10000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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0 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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0 USD
CY2013 us-gaap Fuel Costs
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4027000000 USD
CY2014 us-gaap Fuel Costs
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3883000000 USD
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1524000000 USD
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280000000 USD
CY2014Q4 us-gaap Goodwill
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2184000000 USD
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23000000 USD
CY2014 us-gaap Goodwill Acquired During Period
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65000000 USD
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206000000 USD
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281000000 USD
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-140000000 USD
CY2014 us-gaap Goodwill Translation Adjustments
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2137000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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2282000000 USD
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54000000 USD
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-58000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
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218000000 USD
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277000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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276000000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
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124000000 USD
CY2012 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2013 us-gaap Impairment Of Intangible Assets Finitelived
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13000000 USD
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515000000 USD
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57000000 USD
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100000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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153000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
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317000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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212000000 USD
CY2012 us-gaap Increase Decrease In Self Insurance Reserve
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156000000 USD
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P2Y10M6D
CY2012 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
7354000000 USD
CY2013 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
7486000000 USD
CY2014 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
8460000000 USD
CY2013Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000000.0 USD
CY2014Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
4152000000 USD
CY2012 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
21800000 shares
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
43200000 shares
CY2014Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3700000 shares
CY2014 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
26400000 shares
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1638000000 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3846000000 USD
CY2014Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
400000000 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2662000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
6474000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
2141000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6488000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2158000000 USD
CY2013Q1 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
1
CY2013Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2014Q4 us-gaap Trading Securities
TradingSecurities
430000000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
69000000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
59000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
224000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
185000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
166000000 USD
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
15000000 USD
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
31000000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-43000000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
969000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
948000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
924000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
957000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
937000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
913000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
960000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
940000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
916000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2000000 shares
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses and the disclosure of contingencies. Estimates have been prepared on the basis of the most current and best information, and actual results could differ materially from those estimates.</font></div></div>

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0001090727-15-000008-index-headers.html Edgar Link pending
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