2014 Q4 Form 10-K Financial Statement

#000031480815000018 Filed on March 02, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit -$3.037B $536.7M -$277.8M
YoY Change -739.52% 17.03% -166.21%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$49.60M -$38.40M -$30.80M
YoY Change 71.63% 2300.0% -22.61%
Pretax Income -$3.087B $498.3M -$308.6M
YoY Change -792.09% 9.04% -181.25%
Income Tax -$26.20M $74.60M $42.60M
% Of Pretax Income 14.97%
Net Earnings -$3.452B $429.4M -$1.173B
YoY Change -1055.12% 13.36% -424.94%
Net Earnings / Revenue
Basic Earnings Per Share -$14.89 $1.83 -$5.07
Diluted Earnings Per Share -$14.89 $1.83 -$5.07
COMMON SHARES
Basic Shares Outstanding 234.3M shares 231.8M shares 231.5M shares
Diluted Shares Outstanding 232.0M shares 231.5M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $664.8M $1.174B $145.0M
Short-Term Investments
Other Short-Term Assets $585.6M $986.9M $787.2M
YoY Change 26.23% 137.12% 101.02%
Inventory $240.3M
Prepaid Expenses $33.80M
Receivables
Other Receivables
Total Short-Term Assets $2.891B $3.030B $1.776B
YoY Change 88.31% 99.75% -0.43%
LONG-TERM ASSETS
Property, Plant & Equipment $12.53B $13.13B $12.88B
YoY Change -12.41% -6.21% -3.8%
Goodwill $276.1M $3.274B $3.274B
YoY Change -91.57% 0.0% 0.0%
Intangibles $45.70M
YoY Change -41.71%
Long-Term Investments
YoY Change
Other Assets $338.9M $340.5M $340.2M
YoY Change -3.91% -3.92% -5.13%
Total Long-Term Assets $13.15B $16.74B $16.50B
YoY Change -26.69% -5.01% -3.1%
TOTAL ASSETS
Total Short-Term Assets $2.891B $3.030B $1.776B
Total Long-Term Assets $13.15B $16.74B $16.50B
Total Assets $16.04B $19.77B $18.27B
YoY Change -17.63% 3.29% -2.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $373.2M $423.8M $494.3M
YoY Change 9.41% 13.13% 64.27%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $34.80M $53.80M $47.50M
YoY Change -26.74% 13.26% 0.0%
Total Short-Term Liabilities $1.102B $1.132B $1.090B
YoY Change 5.23% 20.31% 26.55%
LONG-TERM LIABILITIES
Long-Term Debt $5.886B $5.904B $4.679B
YoY Change 24.72% 24.46% -1.67%
Other Long-Term Liabilities $667.3M $629.5M $592.3M
YoY Change 22.28% 22.14% 11.69%
Total Long-Term Liabilities $6.553B $6.533B $5.271B
YoY Change 24.47% 24.23% -0.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.102B $1.132B $1.090B
Total Long-Term Liabilities $6.553B $6.533B $5.271B
Total Liabilities $7.655B $7.665B $6.361B
YoY Change 21.28% 23.64% 3.43%
SHAREHOLDERS EQUITY
Retained Earnings $2.720B $6.348B $6.095B
YoY Change -62.87% -11.1% -11.4%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $59.00M $58.20M $57.00M
YoY Change 30.53% 30.2% 31.94%
Treasury Stock Shares 6.500M shares 6.400M shares 6.300M shares
Shareholders Equity $8.215B $11.84B $11.58B
YoY Change
Total Liabilities & Shareholders Equity $16.04B $19.77B $18.27B
YoY Change -17.63% 3.29% -2.85%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income -$3.452B $429.4M -$1.173B
YoY Change -1055.12% 13.36% -424.94%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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600000 USD
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CY2013Q1 us-gaap General And Administrative Expense
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37800000 USD
CY2013Q2 us-gaap General And Administrative Expense
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36400000 USD
CY2013Q3 us-gaap General And Administrative Expense
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37400000 USD
CY2013Q4 us-gaap General And Administrative Expense
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35200000 USD
CY2013 us-gaap General And Administrative Expense
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146800000 USD
CY2014Q1 us-gaap General And Administrative Expense
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38100000 USD
CY2014Q2 us-gaap General And Administrative Expense
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36200000 USD
CY2014Q3 us-gaap General And Administrative Expense
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29300000 USD
CY2014Q4 us-gaap General And Administrative Expense
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28300000 USD
CY2014 us-gaap General And Administrative Expense
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131900000 USD
CY2013Q4 us-gaap Goodwill
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3274000000 USD
CY2014Q4 us-gaap Goodwill
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276100000 USD
CY2014Q2 us-gaap Goodwill Gross
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3100000000 USD
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517300000 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
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1220800000 USD
CY2014 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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1242300000 USD
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CY2013 us-gaap Income Loss From Continuing Operations
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CY2014 us-gaap Income Loss From Continuing Operations
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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101100000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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173400000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1203600000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1500000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1304700000 USD
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350400000 USD
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379800000 USD
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457000000 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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446000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1633200000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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348200000 USD
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498300000 USD
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CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1076100000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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302600000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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336600000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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389500000 USD
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401400000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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1430100000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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298700000 USD
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423700000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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500000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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1200000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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300000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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100100000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.04
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2012 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2013 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
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IncomeTaxExpenseBenefit
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CY2013 us-gaap Income Tax Expense Benefit
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CY2014 us-gaap Income Tax Expense Benefit
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CY2014 us-gaap Income Taxes Paid
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46700000 USD
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94100000 USD
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151100000 USD
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312300000 USD
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208200000 USD
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CY2014 us-gaap Interest Paid Net
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0 USD
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0 USD
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49100000 USD
CY2014 us-gaap Lease And Rental Expense
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54400000 USD
CY2014 us-gaap Legal Fees
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CY2014Q4 us-gaap Liabilities Current
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us-gaap Net Cash Provided By Used In Discontinued Operations
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1954600000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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1811200000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2012 us-gaap Net Income Loss
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CY2013Q4 us-gaap Net Income Loss
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CY2013 us-gaap Net Income Loss
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CY2014Q1 us-gaap Net Income Loss
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CY2014Q2 us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss
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CY2014Q4 us-gaap Net Income Loss
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CY2014 us-gaap Net Income Loss
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CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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2600000 USD
CY2013Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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2600000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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9700000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3500000 USD
CY2014Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3300000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2013Q1 us-gaap Nonoperating Income Expense
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CY2013Q3 us-gaap Nonoperating Income Expense
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CY2013Q4 us-gaap Nonoperating Income Expense
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CY2013 us-gaap Nonoperating Income Expense
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CY2014Q1 us-gaap Nonoperating Income Expense
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CY2014Q2 us-gaap Nonoperating Income Expense
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CY2014Q4 us-gaap Nonoperating Income Expense
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CY2014 us-gaap Nonoperating Income Expense
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CY2013Q3 us-gaap Operating Income Loss
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CY2013Q4 us-gaap Operating Income Loss
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CY2013 us-gaap Operating Income Loss
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CY2014 us-gaap Operating Income Loss
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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10200000 USD
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10600000 USD
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16200000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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31800000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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55000000 USD
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33300000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Noncurrent
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CY2013 us-gaap Other Amortization Of Deferred Charges
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CY2014 us-gaap Other Amortization Of Deferred Charges
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CY2014Q4 us-gaap Other Assets Current
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CY2013Q4 us-gaap Other Assets Noncurrent
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CY2014Q4 us-gaap Other Assets Noncurrent
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
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11500000 USD
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CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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545700000 USD
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CY2013 us-gaap Other Noncash Income Expense
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CY2014 us-gaap Other Noncash Income Expense
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CY2013 us-gaap Other Nonoperating Income Expense
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42100000 USD
CY2014 us-gaap Other Nonoperating Income Expense
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500000 USD
CY2012 us-gaap Other Preferred Stock Dividends And Adjustments
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11200000 USD
CY2013 us-gaap Other Preferred Stock Dividends And Adjustments
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15100000 USD
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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900000 USD
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8700000 USD
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47400000 USD
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37200000 USD
CY2014Q4 us-gaap Other Employee Related Liabilities Current And Noncurrent
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22800000 USD
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16600000 USD
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13000000 USD
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18500000 USD
CY2014Q4 us-gaap Other Prepaid Expense Current
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33800000 USD
CY2012 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
CY2013 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
CY2014 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
CY2012 us-gaap Payments For Proceeds From Short Term Investments
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90000000 USD
CY2013 us-gaap Payments For Proceeds From Short Term Investments
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50000000 USD
CY2014 us-gaap Payments For Proceeds From Short Term Investments
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790600000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
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0 USD
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4600000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
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348100000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
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CY2014 us-gaap Payments Of Dividends Common Stock
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703000000 USD
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CY2013 us-gaap Payments Of Stock Issuance Costs
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0 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
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0 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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1713200000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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1763500000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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1568800000 USD
CY2013Q4 us-gaap Prepaid Expense Other Noncurrent
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50200000 USD
CY2014Q4 us-gaap Prepaid Expense Other Noncurrent
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39700000 USD
CY2013Q4 us-gaap Prepaid Taxes
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88100000 USD
CY2014Q4 us-gaap Prepaid Taxes
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90600000 USD
CY2012 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2013 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2014 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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1246400000 USD
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CY2013 us-gaap Proceeds From Payments For Other Financing Activities
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CY2014 us-gaap Proceeds From Payments For Other Financing Activities
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CY2012 us-gaap Proceeds From Repayments Of Commercial Paper
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CY2013 us-gaap Proceeds From Repayments Of Commercial Paper
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0 USD
CY2014 us-gaap Proceeds From Repayments Of Commercial Paper
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0 USD
CY2012 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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44500000 USD
CY2013 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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50000000 USD
CY2014 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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83300000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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3200000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
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6000000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
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169200000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
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35800000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
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22300000 USD
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2600000 USD
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CY2013Q3 us-gaap Profit Loss
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CY2013Q4 us-gaap Profit Loss
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CY2013 us-gaap Profit Loss
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CY2014Q1 us-gaap Profit Loss
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CY2014Q3 us-gaap Profit Loss
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CY2014Q4 us-gaap Profit Loss
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CY2014 us-gaap Profit Loss
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CY2013Q4 us-gaap Property Plant And Equipment Net
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CY2014Q4 us-gaap Property Plant And Equipment Net
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12534800000 USD
CY2013Q4 us-gaap Receivables Net Current
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CY2014Q4 us-gaap Receivables Net Current
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CY2012 us-gaap Repayments Of Long Term Debt
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47500000 USD
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47500000 USD
CY2014 us-gaap Repayments Of Long Term Debt
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60100000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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52.95
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2012 us-gaap Revenue Oil And Gas Services
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CY2013Q1 us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
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CY2013Q2 us-gaap Revenue Oil And Gas Services
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1076100000 USD
CY2013Q3 us-gaap Revenue Oil And Gas Services
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1119900000 USD
CY2013Q4 us-gaap Revenue Oil And Gas Services
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CY2013 us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
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CY2014Q1 us-gaap Revenue Oil And Gas Services
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CY2014Q2 us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
1136600000 USD
CY2014Q3 us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
1201400000 USD
CY2014Q4 us-gaap Revenue Oil And Gas Services
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1159800000 USD
CY2014 us-gaap Revenue Oil And Gas Services
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4564500000 USD
CY2014Q4 us-gaap Senior Notes
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CY2012 us-gaap Share Based Compensation
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53200000 USD
CY2013 us-gaap Share Based Compensation
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50300000 USD
CY2014 us-gaap Share Based Compensation
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
53.80
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
48.32
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
59.79
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
51.22
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2641000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
52.86
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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898000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
42500000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
49600000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
46200000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
51.07
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
41.09
CY2014Q4 us-gaap Share Price
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CY2013Q4 us-gaap Short Term Investments
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CY2014Q4 us-gaap Short Term Investments
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CY2014Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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9600000 USD
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
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2000000000.0 USD
CY2014Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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CY2014 us-gaap Stock Repurchased During Period Shares
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CY2013Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Taxes Payable Current
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CY2014Q4 us-gaap Taxes Payable Current
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97000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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26500000 USD
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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2800000 USD
CY2013 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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1600000 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2013Q4 us-gaap Treasury Stock Shares
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CY2014Q4 us-gaap Treasury Stock Shares
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6500000 shares
CY2013Q4 us-gaap Treasury Stock Value
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45200000 USD
CY2014Q4 us-gaap Treasury Stock Value
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CY2013Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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2100000000 USD
CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2012Q4 us-gaap Unrecognized Tax Benefits
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CY2013Q4 us-gaap Unrecognized Tax Benefits
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151700000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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134400000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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3700000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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15500000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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148000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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142400000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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10000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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5500000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
35800000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
16300000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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17300000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1100000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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700000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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110400000 USD
CY2013Q4 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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7000000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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41400000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
229700000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231100000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231600000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229400000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
230900000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231600000 shares
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Business</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">We are one of the leading providers of offshore contract drilling services to the international oil and gas industry. We own an offshore drilling rig fleet of </font><font style="font-family:inherit;font-size:11pt;">70</font><font style="font-family:inherit;font-size:11pt;"> rigs, including </font><font style="font-family:inherit;font-size:11pt;">seven</font><font style="font-family:inherit;font-size:11pt;"> rigs under construction, spanning most&#160;of the strategic markets around the globe.&#160;Our&#160;rig fleet includes </font><font style="font-family:inherit;font-size:11pt;">ten</font><font style="font-family:inherit;font-size:11pt;">&#160;drillships, </font><font style="font-family:inherit;font-size:11pt;">13</font><font style="font-family:inherit;font-size:11pt;"> dynamically positioned semisubmersible rigs, </font><font style="font-family:inherit;font-size:11pt;">five</font><font style="font-family:inherit;font-size:11pt;"> moored semisubmersible rigs and </font><font style="font-family:inherit;font-size:11pt;">42</font><font style="font-family:inherit;font-size:11pt;"> jackup rigs.&#160; Our fleet is the world's second largest amongst competitive rigs,&#160;our ultra-deepwater fleet is one of the newest in the industry, and our premium jackup fleet is the largest of any offshore drilling company.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Our customers include many of the leading national and international oil companies, in addition to many independent operators. We are among the most geographically diverse offshore drilling companies, with current operations and drilling contracts spanning approximately </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">20</font><font style="font-family:inherit;font-size:11pt;">&#160;countries on </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:11pt;"> continents in nearly every major offshore basin around the world. The markets in which we operate include the U.S. Gulf of Mexico, Mexico, Brazil, the Mediterranean, the North Sea, the&#160;Middle East, West Africa, Australia and Southeast Asia.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font></div></div>

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