2018 Q4 Form 10-K Financial Statement

#000140316119000050 Filed on November 14, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $5.506B $5.434B $4.855B
YoY Change 13.25% 11.93% 13.94%
Cost Of Revenue $980.0M $1.003B $822.0M
YoY Change 16.81% 22.02% -3.41%
Gross Profit $4.526B $4.431B $4.033B
YoY Change 12.5% 9.87% 18.27%
Gross Profit Margin 82.2% 81.54% 83.07%
Selling, General & Admin $643.0M $855.0M $672.0M
YoY Change 16.7% 27.23% 4.51%
% of Gross Profit 14.21% 19.3% 16.66%
Research & Development $173.0M
YoY Change 8.13%
% of Gross Profit 3.82%
Depreciation & Amortization $159.0M $163.0M $147.0M
YoY Change 9.66% 10.88% 4.26%
% of Gross Profit 3.51% 3.68% 3.64%
Operating Expenses $173.0M $1.018B $819.0M
YoY Change 8.13% 24.3% 4.46%
Operating Profit $3.717B $3.413B $3.214B
YoY Change 11.72% 6.19% 22.39%
Interest Expense -$145.0M -$150.0M -$148.0M
YoY Change -5.84% 1.35% 9.63%
% of Operating Profit -3.9% -4.39% -4.6%
Other Income/Expense, Net -$87.00M $282.0M $35.00M
YoY Change -1.14% 705.71% 75.0%
Pretax Income $3.630B $3.538B $3.099B
YoY Change 12.07% 14.17% 23.47%
Income Tax $653.0M $693.0M $959.0M
% Of Pretax Income 17.99% 19.59% 30.95%
Net Earnings $2.977B $2.845B $2.140B
YoY Change 18.04% 32.94% 10.82%
Net Earnings / Revenue 54.07% 52.36% 44.08%
Basic Earnings Per Share
Diluted Earnings Per Share $1.299M $1.234M $903.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.75B $11.60B $13.44B
YoY Change 1.72% -13.71% 50.35%
Cash & Equivalents $8.289B $8.162B $9.874B
Short-Term Investments $3.461B $3.434B $3.564B
Other Short-Term Assets $3.829B $3.717B $3.031B
YoY Change 34.97% 22.63% 2384.43%
Inventory
Prepaid Expenses
Receivables $1.405B $1.208B $1.132B
Other Receivables $3.123B $1.582B $1.422B
Total Short-Term Assets $20.11B $18.22B $19.02B
YoY Change 16.31% -4.24% 32.91%
LONG-TERM ASSETS
Property, Plant & Equipment $2.437B $2.472B $2.253B
YoY Change 8.89% 9.72% 4.79%
Goodwill $15.15B $15.19B $15.11B
YoY Change -0.09% 0.56% 0.29%
Intangibles $27.30B $27.56B $27.85B
YoY Change -2.87% -1.04% 2.25%
Long-Term Investments $4.132B $4.082B $1.926B
YoY Change 54.53% 111.94% -51.57%
Other Assets $1.265B $1.165B $1.226B
YoY Change 12.24% -4.98% 37.29%
Total Long-Term Assets $51.55B $51.01B $48.95B
YoY Change 3.37% 4.2% -1.54%
TOTAL ASSETS
Total Short-Term Assets $20.11B $18.22B $19.02B
Total Long-Term Assets $51.55B $51.01B $48.95B
Total Assets $71.66B $69.23B $67.98B
YoY Change 6.7% 1.84% 6.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $124.0M $183.0M $179.0M
YoY Change 14.81% 2.23% -11.82%
Accrued Expenses $1.166B $1.160B $1.129B
YoY Change -4.74% 2.75% 0.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.749B
YoY Change -100.0%
Total Short-Term Liabilities $13.39B $11.31B $9.994B
YoY Change 60.1% 13.12% 24.21%
LONG-TERM LIABILITIES
Long-Term Debt $16.63B $16.63B $16.62B
YoY Change 0.07% 0.07% 4.63%
Other Long-Term Liabilities $2.724B $2.666B $1.321B
YoY Change 16.81% 101.82% 13.68%
Total Long-Term Liabilities $19.36B $19.30B $17.94B
YoY Change 2.13% 7.56% 5.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.39B $11.31B $9.994B
Total Long-Term Liabilities $19.36B $19.30B $17.94B
Total Liabilities $37.56B $35.22B $35.22B
YoY Change 11.28% 0.01% 13.15%
SHAREHOLDERS EQUITY
Retained Earnings $11.72B $11.32B $9.508B
YoY Change 17.58% 19.04% -9.12%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares
Shareholders Equity $34.10B $34.01B $32.76B
YoY Change
Total Liabilities & Shareholders Equity $71.66B $69.23B $67.98B
YoY Change 6.7% 1.84% 6.16%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $2.977B $2.845B $2.140B
YoY Change 18.04% 32.94% 10.82%
Depreciation, Depletion And Amortization $159.0M $163.0M $147.0M
YoY Change 9.66% 10.88% 4.26%
Cash From Operating Activities $3.294B $3.476B $2.876B
YoY Change 17.1% 20.86% 17.29%
INVESTING ACTIVITIES
Capital Expenditures -$157.0M -$195.0M -$195.0M
YoY Change 11.35% 0.0% 38.3%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 -$1.584B -$657.0M
YoY Change -100.0% 141.1% 6.66%
Cash From Investing Activities -$70.00M -$1.779B -$852.0M
YoY Change -90.1% 108.8% 12.55%
FINANCING ACTIVITIES
Cash Dividend Paid $572.0M
YoY Change 24.89%
Common Stock Issuance & Retirement, Net $2.393B
YoY Change 34.59%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$3.018B -2.046B 380.0M
YoY Change -24.94% -638.42% -119.09%
NET CHANGE
Cash From Operating Activities $3.294B 3.476B 2.876B
Cash From Investing Activities -$70.00M -1.779B -852.0M
Cash From Financing Activities -$3.018B -2.046B 380.0M
Net Change In Cash $138.0M -349.0M 2.404B
YoY Change -107.52% -114.52% -912.16%
FREE CASH FLOW
Cash From Operating Activities $3.294B $3.476B $2.876B
Capital Expenditures -$157.0M -$195.0M -$195.0M
Free Cash Flow $3.451B $3.671B $3.071B
YoY Change 16.82% 19.54% 18.43%

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CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Use of estimates</span><span style="font-family:Arial;font-size:10pt;">. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Future actual results could differ materially from these estimates. The use of estimates in specific accounting policies is described further below as appropriate.</span></div>
CY2019Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
4110000000 USD
CY2019 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<span style="font-family:Arial;font-size:10pt;font-style:italic;">Guarantees and indemnifications</span>. The Company recognizes an obligation at inception for guarantees and indemnifications that qualify for recognition, regardless of the probability of occurrence. The Company indemnifies its financial institution clients for settlement losses suffered due to the failure of any other client to fund its settlement obligations in accordance with the Visa operating rules. The estimated fair value of the liability for settlement indemnification is included in accrued liabilities on the consolidated balance sheets
CY2019Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Profit Loss
ProfitLoss
12080000000 USD
CY2019Q3 v Client Incentives Assets Current
ClientIncentivesAssetsCurrent
741000000 USD
CY2019Q3 v Client Incentives Assets Noncurrent
ClientIncentivesAssetsNoncurrent
2084000000 USD
CY2018Q4 v Client Incentives Assets Current
ClientIncentivesAssetsCurrent
539000000 USD
CY2018Q4 v Client Incentives Assets Noncurrent
ClientIncentivesAssetsNoncurrent
1152000000 USD
CY2018Q4 v Client Incentives Liabilities Current
ClientIncentivesLiabilitiesCurrent
3075000000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1166000000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4726000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2724000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11718000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
2157000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14884000000 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2939000000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13502000000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1491000000 USD
CY2019 us-gaap Revenues
Revenues
22977000000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1105000000 USD
CY2019 us-gaap Professional Fees
ProfessionalFees
454000000 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1196000000 USD
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
7976000000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
15001000000 USD
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
156000000 USD
CY2019Q3 v Client Incentives Liabilities Current
ClientIncentivesLiabilitiesCurrent
3997000000 USD
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1625000000 USD
CY2019Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4807000000 USD
CY2018 us-gaap Revenues
Revenues
20609000000 USD
CY2017 us-gaap Revenues
Revenues
18358000000 USD
CY2019 us-gaap Revenues
Revenues
22977000000 USD
CY2018 us-gaap Revenues
Revenues
20609000000 USD
CY2017 us-gaap Revenues
Revenues
18358000000 USD
CY2019Q3 v Omnibus Loss Sharing Agreement Percentage
OmnibusLossSharingAgreementPercentage
0.666667
CY2019Q3 v Omnibus Loss Sharing Agreement Percentage
OmnibusLossSharingAgreementPercentage
0.666667
CY2018Q3 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
0 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
6267000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
6267000000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5697000000 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12011000000 USD
CY2019Q3 v Omnibus Loss Sharing Agreement Percentage
OmnibusLossSharingAgreementPercentage
0.666667
CY2016Q2 v Loss Contingency Litigation Loss Sharing Agreement Obligation Threshold
LossContingencyLitigationLossSharingAgreementObligationThreshold
1000000000.0 EUR
CY2016Q2 v Limit Of Protection From Ve Territory Covered Losses
LimitOfProtectionFromVETerritoryCoveredLosses
0.70
CY2019 v Ve Covered Loss Maximum Amountof Lossto Allow Adjustmentof Conversion Rateduring Sixmonth Period
VECoveredLossMaximumAmountofLosstoAllowAdjustmentofConversionRateduringSixmonthPeriod
20000000 EUR
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7838000000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8162000000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9874000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10832000000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10977000000 USD
CY2018Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
7532000000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1491000000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1031000000 USD
CY2019 v Deposits To Litigation Escrow Account
DepositsToLitigationEscrowAccount
300000000 USD
CY2018 v Deposits To Litigation Escrow Account
DepositsToLitigationEscrowAccount
600000000 USD
CY2019 v Paymentfrom Returnto Litigation Escrow Account Retrospective Responsibility Plan
PaymentfromReturntoLitigationEscrowAccountRetrospectiveResponsibilityPlan
600000000 USD
CY2018 v Paymentfrom Returnto Litigation Escrow Account Retrospective Responsibility Plan
PaymentfromReturntoLitigationEscrowAccountRetrospectiveResponsibilityPlan
0 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1205000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
PreferredStockAvailabletoRecoverCoveredLossesValueNet
5463000000 USD
CY2019Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
6262000000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
7000000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000000 USD
CY2019Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted
PreferredStockAvailabletoRecoverCoveredLossesValueAsconverted
13058000000 USD
CY2019Q3 v Preferred Stock Availableto Recover Covered Losses Value
PreferredStockAvailabletoRecoverCoveredLossesValue
5462000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted
PreferredStockAvailabletoRecoverCoveredLossesValueAsconverted
11403000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value
PreferredStockAvailabletoRecoverCoveredLossesValue
5470000000 USD
CY2019Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
171000000 USD
CY2019Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
171000000 USD
CY2018Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
7000000 USD
CY2018Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
7000000 USD
CY2019Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted Net
PreferredStockAvailabletoRecoverCoveredLossesValueAsconvertedNet
12887000000 USD
CY2019Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
PreferredStockAvailabletoRecoverCoveredLossesValueNet
5291000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted Net
PreferredStockAvailabletoRecoverCoveredLossesValueAsconvertedNet
11396000000 USD
CY2018Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
16000000 USD
CY2018Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
7516000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
4110000000 USD
CY2018Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
3434000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
2157000000 USD
CY2018Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
4082000000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
2200000000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3875000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
56000000 USD
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3225000000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2695000000 USD
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2472000000 USD
CY2019Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
2300000000 USD
CY2018Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1900000000 USD
CY2018Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
137000000 USD
CY2019 v Equity Securities Without Readily Determinable Fair Value Additions Reductions Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAdditionsReductionsAnnualAmount
475000000 USD
CY2019 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
110000000 USD
CY2019 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
4000000 USD
CY2019Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
718000000 USD
CY2019Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2019 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
247000000 USD
CY2018 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
173000000 USD
CY2017 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
92000000 USD
CY2019 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
1000000 USD
CY2018 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2017 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-1000000 USD
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
117000000 USD
CY2018 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
2000000 USD
CY2017 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
6000000 USD
CY2019 us-gaap Investment Income Net
InvestmentIncomeNet
383000000 USD
CY2018 us-gaap Investment Income Net
InvestmentIncomeNet
470000000 USD
CY2017 us-gaap Investment Income Net
InvestmentIncomeNet
105000000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6570000000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26780000000 USD
CY2019Q3 v Future Amortization Expense
FutureAmortizationExpense
477000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1012000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
533000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
479000000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
763000000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
473000000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
290000000 USD
CY2019Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
26301000000 USD
CY2019Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
26301000000 USD
CY2018Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27268000000 USD
CY2018Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27268000000 USD
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
27313000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
533000000 USD
CY2018Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
28031000000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
473000000 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
27558000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
79000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
79000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
73000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
51000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
49000000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
146000000 USD
CY2018Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
120000000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
16729000000 USD
CY2019Q3 us-gaap Hedged Liability Fair Value Hedge Cumulative Increase Decrease
HedgedLiabilityFairValueHedgeCumulativeIncreaseDecrease
87000000 USD
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
16630000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
6699000000 USD
CY2018Q3 us-gaap Goodwill
Goodwill
15194000000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
15110000000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
643000000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
130000000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-181000000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-46000000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
15656000000 USD
CY2018Q3 us-gaap Goodwill
Goodwill
15194000000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
108000000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3000000000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1000000000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2250000000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
10500000000 USD
CY2019Q3 v Total Debt Long Termand Short Term Gross
TotalDebtLongTermandShortTermGross
16750000000 USD
CY2019 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
22000000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2695000000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2472000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
121000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
93000000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
58000000 USD
CY2019 v Maximum Settlement Exposure
MaximumSettlementExposure
92000000000.0 USD
CY2019 v Average Daily Settlement Exposure
AverageDailySettlementExposure
57100000000 USD
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2019Q3 v Cash Collateral Received
CashCollateralReceived
1648000000 USD
CY2018Q3 v Cash Collateral Received
CashCollateralReceived
1708000000 USD
CY2019Q3 v Pledged Securities At Market Value Collateral
PledgedSecuritiesAtMarketValueCollateral
259000000 USD
CY2018Q3 v Pledged Securities At Market Value Collateral
PledgedSecuritiesAtMarketValueCollateral
192000000 USD
CY2019Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1293000000 USD
CY2018Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1382000000 USD
CY2019Q3 v Guarantees Collateral
GuaranteesCollateral
477000000 USD
CY2018Q3 v Guarantees Collateral
GuaranteesCollateral
860000000 USD
CY2019Q3 v Total Collateral
TotalCollateral
3677000000 USD
CY2018Q3 v Total Collateral
TotalCollateral
4142000000 USD
CY2019 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
12000000 USD
CY2018 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
9000000 USD
CY2017 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
18000000 USD
CY2019Q3 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
89000000 USD
CY2019Q3 us-gaap Fair Value Hedge Liabilities At Fair Value
FairValueHedgeLiabilitiesAtFairValue
2000000 USD
CY2019 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
95000000 USD
CY2019Q3 v Shares Outstanding As Converted Basis
SharesOutstandingAsConvertedBasis
2237000000 shares
CY2018Q3 v Shares Outstanding As Converted Basis
SharesOutstandingAsConvertedBasis
2291000000 shares
CY2019 v Reduction In As Converted Stock Shares
ReductionInAsConvertedStockShares
58000000 shares
CY2019 v Reductionin As Converted Stock Average Price Per Share
ReductioninAsConvertedStockAveragePricePerShare
154.62
CY2019 v Reduction In As Converted Stock Shares
ReductionInAsConvertedStockShares
58000000 shares
CY2019 v Deposits To Litigation Escrow Account
DepositsToLitigationEscrowAccount
300000000 USD
CY2019 v Recovery Through Conversion Rate Adjustment
RecoveryThroughConversionRateAdjustment
8000000 USD
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
8500000000 USD
CY2019Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
4100000000 USD
CY2019 v Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
2000000 shares
CY2018 v Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
5000000 shares
CY2019 v Share Reduction Price Paid Per Share Escrow Funding
ShareReductionPricePaidPerShareEscrowFunding
174.73
CY2018 v Share Reduction Price Paid Per Share Escrow Funding
ShareReductionPricePaidPerShareEscrowFunding
132.32
CY2019 v Deposits To Litigation Escrow Account
DepositsToLitigationEscrowAccount
300000000 USD
CY2018 v Deposits To Litigation Escrow Account
DepositsToLitigationEscrowAccount
600000000 USD
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2300000000 USD
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2019 us-gaap Net Income Loss
NetIncomeLoss
12080000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
10301000000 USD
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000000 shares
CY2019Q3 us-gaap Share Price
SharePrice
172.01
CY2019Q3 us-gaap Share Price
SharePrice
172.01
CY2019Q3 us-gaap Share Price
SharePrice
172.01
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
286000000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
224000000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
159000000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
143000000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
121000000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
106000000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
96000000 USD
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