2015 Q4 Form 10-K Financial Statement

#000144214517000010 Filed on February 21, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4 2014
Revenue $477.4M $149.2M $1.431B
YoY Change 219.97% -55.13% -10.32%
Cost Of Revenue $160.7M -$7.000M $516.0M
YoY Change -2395.71% -106.55% -17.11%
Gross Profit $316.7M $156.3M $915.1M
YoY Change 102.62% -30.72% -5.97%
Gross Profit Margin 66.34% 104.76% 63.94%
Selling, General & Admin $75.60M $16.90M $187.3M
YoY Change 347.34% -65.86% -18.2%
% of Gross Profit 23.87% 10.81% 20.47%
Research & Development $25.60M
YoY Change 19.48%
% of Gross Profit 2.8%
Depreciation & Amortization $67.30M $37.30M $86.50M
YoY Change 80.43% 6.27% 23.08%
% of Gross Profit 21.25% 23.86% 9.45%
Operating Expenses $130.4M $7.300M $212.9M
YoY Change 1686.3% -90.86% -14.98%
Operating Profit $186.3M $149.0M $632.3M
YoY Change 25.03% 2.26% 2.94%
Interest Expense -$32.70M -$17.30M $70.00M
YoY Change 89.02% 0.0% -8.06%
% of Operating Profit -17.55% -11.61% 11.07%
Other Income/Expense, Net -$69.80M
YoY Change -7.58%
Pretax Income $153.6M $131.6M $557.0M
YoY Change 16.72% 2.41% 4.52%
Income Tax $45.50M $49.10M $208.5M
% Of Pretax Income 29.62% 37.31% 37.43%
Net Earnings $113.8M $97.30M $400.0M
YoY Change 16.96% 11.58% 14.82%
Net Earnings / Revenue 23.84% 65.21% 27.95%
Basic Earnings Per Share $2.41
Diluted Earnings Per Share $659.3K $582.3K $2.37
COMMON SHARES
Basic Shares Outstanding 169.4M shares 164.9M shares 165.8M shares
Diluted Shares Outstanding 169.1M shares

Balance Sheet

Concept 2015 Q4 2014 Q4 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.9M $43.20M $43.20M
YoY Change 228.47% -74.54% -74.54%
Cash & Equivalents $138.3M $39.30M $39.40M
Short-Term Investments $3.600M $3.800M $3.800M
Other Short-Term Assets $52.90M $18.88M $55.10M
YoY Change 180.26% -45.58% -30.52%
Inventory
Prepaid Expenses $34.10M $31.50M
Receivables $251.0M $220.7M $220.7M
Other Receivables $48.60M $65.50M $65.50M
Total Short-Term Assets $604.6M $384.5M $384.5M
YoY Change 57.25% -19.03% -19.02%
LONG-TERM ASSETS
Property, Plant & Equipment $350.3M $302.3M $302.3M
YoY Change 15.89% 29.52% 29.52%
Goodwill $2.753B $1.207B
YoY Change 128.07% 2.15%
Intangibles $1.245B $406.5M
YoY Change 206.32% -9.19%
Long-Term Investments
YoY Change
Other Assets $25.90M $26.36M $45.00M
YoY Change -1.76% 31.59% -73.04%
Total Long-Term Assets $4.989B $1.961B $1.961B
YoY Change 154.44% -3.39% -3.39%
TOTAL ASSETS
Total Short-Term Assets $604.6M $384.5M $384.5M
Total Long-Term Assets $4.989B $1.961B $1.961B
Total Assets $5.594B $2.345B $2.345B
YoY Change 138.5% -6.35% -6.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $222.1M $180.7M $180.7M
YoY Change 22.91% -4.04% -4.04%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $874.8M $336.1M $336.1M
YoY Change 160.31% 7455.26% 7538.64%
Total Short-Term Liabilities $1.479B $771.3M $771.3M
YoY Change 91.8% 78.87% 78.87%
LONG-TERM LIABILITIES
Long-Term Debt $2.271B $1.101B $1.101B
YoY Change 106.28% -13.41% -13.41%
Other Long-Term Liabilities $58.40M $43.39M $59.60M
YoY Change 34.6% 20.38% 7.19%
Total Long-Term Liabilities $58.40M $43.39M $1.161B
YoY Change 34.6% 20.38% -12.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.479B $771.3M $771.3M
Total Long-Term Liabilities $58.40M $43.39M $1.161B
Total Liabilities $4.222B $2.134B $2.134B
YoY Change 97.8% 9.07% 9.07%
SHAREHOLDERS EQUITY
Retained Earnings $2.162B $1.654B
YoY Change 30.68% 31.9%
Common Stock $2.024B $1.171B
YoY Change 72.75% -2.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.571B $2.534B
YoY Change 1.48% 35.86%
Treasury Stock Shares 374.6M shares 386.1M shares
Shareholders Equity $1.372B $211.0M $211.0M
YoY Change
Total Liabilities & Shareholders Equity $5.594B $2.345B $2.345B
YoY Change 138.5% -6.35% -6.36%

Cashflow Statement

Concept 2015 Q4 2014 Q4 2014
OPERATING ACTIVITIES
Net Income $113.8M $97.30M $400.0M
YoY Change 16.96% 11.58% 14.82%
Depreciation, Depletion And Amortization $67.30M $37.30M $86.50M
YoY Change 80.43% 6.27% 23.08%
Cash From Operating Activities $143.8M $110.9M $489.4M
YoY Change 29.67% -7.89% -3.46%
INVESTING ACTIVITIES
Capital Expenditures -$60.30M -$43.80M $146.8M
YoY Change 37.67% 14.96% 0.56%
Acquisitions $35.20M
YoY Change 3480.87%
Other Investing Activities -$50.80M -$31.20M $0.00
YoY Change 62.82% 15500.0% -100.0%
Cash From Investing Activities -$111.1M -$75.00M -$35.50M
YoY Change 48.13% 96.34% -75.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $778.5M
YoY Change 180.63%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -62.30M -427.5M -$579.1M
YoY Change -85.43% 344.39% 103.57%
NET CHANGE
Cash From Operating Activities 143.8M 110.9M $489.4M
Cash From Investing Activities -111.1M -75.00M -$35.50M
Cash From Financing Activities -62.30M -427.5M -$579.1M
Net Change In Cash -29.60M -391.6M -$125.2M
YoY Change -92.44% 2697.14% -262.97%
FREE CASH FLOW
Cash From Operating Activities $143.8M $110.9M $489.4M
Capital Expenditures -$60.30M -$43.80M $146.8M
Free Cash Flow $204.1M $154.7M $342.6M
YoY Change 31.93% -2.4% -5.08%

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CurrentForeignTaxExpenseBenefit
3600000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
184000000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
196000000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
199300000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
24400000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
23900000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
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24000000 USD
CY2015Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3145700000 USD
CY2016Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2387000000 USD
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CY2016Q4 us-gaap Debt Current
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2300000000 USD
CY2016Q4 us-gaap Debt Instrument Carrying Amount
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2300000000 USD
CY2016Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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800000 USD
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28700000 USD
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23400000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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29400000 USD
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22300000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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-200000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
24500000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
600000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2900000 USD
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329200000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities Net
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322200000 USD
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340900000 USD
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330800000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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1400000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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4900000 USD
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51900000 USD
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76500000 USD
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51000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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68400000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net Noncurrent
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CY2016Q4 us-gaap Deferred Tax Assets Net Noncurrent
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15600000 USD
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1900000 USD
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24300000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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4300000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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3200000 USD
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10100000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
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9100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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25700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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30100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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6500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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6300000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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900000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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8100000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
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329200000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
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306600000 USD
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380200000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
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375000000 USD
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4800000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
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19800000 USD
CY2015Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
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12900000 USD
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300000 USD
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96600000 USD
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12600000 USD
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4500000 USD
CY2015Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
32900000 USD
CY2016Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
19600000 USD
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0750
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0725
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300000 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
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0 USD
CY2016 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
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0 USD
CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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451600000 USD
CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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455600000 USD
CY2016 us-gaap Defined Benefit Plan Future Amortization Of Gain Loss
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-4400000 USD
CY2016 us-gaap Defined Benefit Plan Future Amortization Of Prior Service Cost Credit
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100000 USD
CY2016 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
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0.085
CY2014 us-gaap Depreciation And Amortization
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65400000 USD
CY2016 us-gaap Depreciation And Amortization
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119100000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86500000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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120600000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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126200000 USD
CY2015Q2 us-gaap Derivative Gain On Derivative
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85200000 USD
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DerivativeGainOnDerivative
0 USD
CY2015 us-gaap Derivative Gain On Derivative
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85200000 USD
CY2016 us-gaap Derivative Gain On Derivative
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0 USD
CY2014 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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65400000 USD
CY2015 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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0 USD
CY2016 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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265900000 USD
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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82600000 USD
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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33400000 USD
CY2016 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
253000000 USD
CY2014 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
36600000 USD
CY2015 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
13300000 USD
CY2016 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
113300000 USD
CY2014 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
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27300000 USD
CY2016 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
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111800000 USD
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381800000 USD
CY2014 us-gaap Earnings Per Share Basic
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2.41
CY2015 us-gaap Earnings Per Share Basic
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3.07
CY2016 us-gaap Earnings Per Share Basic
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3.51
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2.37
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3.01
CY2016 us-gaap Earnings Per Share Diluted
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3.45
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1300000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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600000 USD
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15900000 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.001
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.068
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.027
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90200000 USD
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-0.047
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-0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.011
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.025
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.026
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88600000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
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24600000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
38800000 USD
CY2016 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
41100000 USD
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P2Y6M34D
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.371
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.287
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.309
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Gain Loss On Investments
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15400000 USD
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29200000 USD
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23300000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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22600000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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40100000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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31400000 USD
CY2016Q4 us-gaap Employee Stock Ownership Plan Esop Debt Structure Direct Loan Amount
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0 USD
CY2016Q4 us-gaap Equity Method Investment Ownership Percentage
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0.20
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22600000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
40100000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
31400000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
22600000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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40100000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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31400000 USD
CY2016Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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142100000 USD
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329900000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
409600000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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586400000 USD
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88100000 USD
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75400000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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85700000 USD
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87200000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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88000000 USD
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1575000000 USD
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1420400000 USD
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1245100000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
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1010800000 USD
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1129100000 USD
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300000 USD
CY2016 us-gaap Gain Loss On Investments
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1500000 USD
CY2014 us-gaap Gain Loss On Sale Of Investments
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0 USD
CY2015 us-gaap Gain Loss On Sale Of Investments
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0 USD
CY2016 us-gaap Gain Loss On Sale Of Investments
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1500000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-1000000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-400000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-1000000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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-500000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2014Q4 us-gaap Goodwill
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1207100000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
2753000000 USD
CY2016Q4 us-gaap Goodwill
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2578100000 USD
CY2015 us-gaap Goodwill Acquired During Period
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2030300000 USD
CY2016 us-gaap Goodwill Acquired During Period
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60000000 USD
CY2016 us-gaap Goodwill And Intangible Asset Impairment
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0 USD
CY2015 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-104200000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-247700000 USD
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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3200000 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Goodwill Purchase Accounting Adjustments
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1600000 USD
CY2016 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
12800000 USD
CY2014 us-gaap Income Loss From Continuing Operations
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354000000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
487500000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
451500000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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557000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
573300000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
626600000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5500000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
110800000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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27100000 USD
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562500000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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684100000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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653700000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.14
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.95
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.68
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.10
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.89
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.64
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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46000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
20100000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
139700000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.27
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.12
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.83
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.27
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.12
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.81
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
208500000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
196600000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
202200000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
205500000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
158500000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
289200000 USD
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
48600000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
49300000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12700000 USD
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0 USD
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CY2015 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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200000 USD
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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300000 USD
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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200000 USD
CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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200000 USD
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56600000 USD
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18100000 USD
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35000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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57800000 USD
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CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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21600000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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300000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
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0 USD
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200000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Tax
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100000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Tax
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0 USD
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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1000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Tax
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0 USD
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200000 USD
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500000 USD
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0 USD
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100000 USD
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300000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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100000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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200000 USD
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58400000 USD
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60500000 USD
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0 USD
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83400000 USD
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6400000 USD
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2000000 USD
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1700000 USD
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CY2015 us-gaap Other Tax Expense Benefit
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CY2016 us-gaap Other Tax Expense Benefit
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0 USD
CY2015 us-gaap Payments For Proceeds From Investments
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0 USD
CY2016 us-gaap Payments For Proceeds From Investments
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9100000 USD
CY2015 us-gaap Payments For Proceeds From Tenant Allowance
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1600000 USD
CY2016 us-gaap Payments For Proceeds From Tenant Allowance
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100000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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778500000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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20400000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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326800000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
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500000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
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23900000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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500000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1600000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2400000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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3100000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities
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200000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
200000 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
300000 USD
CY2015 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
2940500000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
35200000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2858200000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
67700000 USD
CY2014 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
5000000 USD
CY2015 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
100000 USD
CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
146800000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
166100000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
156500000 USD
CY2015Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
1800000 USD
CY2016Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
900000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
80000000 shares
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
34100000 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
28900000 USD
CY2014 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
PrescriptionDrugBenefitEffectOfSubsidyOnNetPeriodicPostretirementBenefitCost1
10000 USD
CY2015 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
PrescriptionDrugBenefitEffectOfSubsidyOnNetPeriodicPostretirementBenefitCost1
7000 USD
CY2016 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
PrescriptionDrugBenefitEffectOfSubsidyOnNetPeriodicPostretirementBenefitCost1
54000 USD
CY2015Q4 us-gaap Prescription Drug Benefit Reduction In Accumulated Postretirement Benefit Obligation For Subsidy
PrescriptionDrugBenefitReductionInAccumulatedPostretirementBenefitObligationForSubsidy
2500000 USD
CY2016Q4 us-gaap Prescription Drug Benefit Reduction In Accumulated Postretirement Benefit Obligation For Subsidy
PrescriptionDrugBenefitReductionInAccumulatedPostretirementBenefitObligationForSubsidy
2100000 USD
CY2014 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2015 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
400000 USD
CY2016 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2014 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0 USD
CY2015 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
85200000 USD
CY2016 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
720800000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1244000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5700000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4900000 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
160000000 USD
CY2015 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-105000000 USD
CY2016 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-770000000 USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
500000 USD
CY2015 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
400000 USD
CY2016 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
500000 USD
CY2014 us-gaap Proceeds From Short Term Debt Maturing In Three Months Or Less
ProceedsFromShortTermDebtMaturingInThreeMonthsOrLess
0 USD
CY2015 us-gaap Proceeds From Short Term Debt Maturing In Three Months Or Less
ProceedsFromShortTermDebtMaturingInThreeMonthsOrLess
830000000 USD
CY2016 us-gaap Proceeds From Short Term Debt Maturing In Three Months Or Less
ProceedsFromShortTermDebtMaturingInThreeMonthsOrLess
0 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
24600000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
38800000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41100000 USD
CY2014 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2015 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
15600000 USD
CY2016 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
752300000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
865600000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
350300000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
380300000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1800000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1300000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2400000 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
50000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2014 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
0 USD
CY2015 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
170000000 USD
CY2016 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
0 USD
CY2014 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
0 USD
CY2015 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
15000000 USD
CY2016 us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
0 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25600000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20600000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27400000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2161700000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2752900000 USD
CY2014 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2015 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2016 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2014 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1431100000 USD
CY2015 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1760700000 USD
CY2016 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1995200000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
187300000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
278300000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
301600000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
20300000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
30500000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
30000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.05
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
9800000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16300000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
14400000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.2000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6541229 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6148349 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
29.81
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
35.35
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
43900000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
87000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
69300000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
180312 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
232372 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
301929 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
55.23
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
64.05
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
73.01
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1242428 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1884262 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1364916 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
360600000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
303300000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
334700000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
302600000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9235320 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9205690 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9117733 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8770917 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.67
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.11
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
40.17
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.67
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2167870 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.29
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.71
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
31.47
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
307900000 USD
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
281700000 USD
CY2013Q4 us-gaap Shares Issued
SharesIssued
544003038 shares
CY2014Q4 us-gaap Shares Issued
SharesIssued
544003038 shares
CY2015Q4 us-gaap Shares Issued
SharesIssued
544003038 shares
CY2016Q4 us-gaap Shares Issued
SharesIssued
544003038 shares
CY2014 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
0 shares
CY2015 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
10604000 shares
CY2016 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
0 shares
CY2014 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3975 shares
CY2015 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5844 shares
CY2016 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
26106 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1091746 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1739847 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1409803 shares
CY2014 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
1091746 shares
CY2015 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
1739847 shares
CY2016 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
1409803 shares
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1500000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1800000 USD
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2300000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
720900000 USD
CY2014 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
300000 USD
CY2015 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
400000 USD
CY2016 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
100000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
39800000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
69200000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
66400000 USD
CY2016Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2800000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
547600000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
211000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1372000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1332400000 USD
CY2015Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
374578057 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
377087266 shares
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
279453 shares
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4325548 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2571200000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2891400000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
775400000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20500000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
333300000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9500000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
10600000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14500000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16800000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2600000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
5300000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2800000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2800000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
6400000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2700000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
7100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2500000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1600000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
300000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
900000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5800000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11400000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
13800000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169132423 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168451343 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171171572 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165823803 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165090380 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168248304 shares
CY2014 vrsk Amortizationof Intangible Assets Including Discontinued Operations
AmortizationofIntangibleAssetsIncludingDiscontinuedOperations
57000000 USD
CY2015 vrsk Amortizationof Intangible Assets Including Discontinued Operations
AmortizationofIntangibleAssetsIncludingDiscontinuedOperations
94800000 USD
CY2016 vrsk Amortizationof Intangible Assets Including Discontinued Operations
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DeferredTaxLiabilitiesDepreciationAndAmortization
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DeferredTaxLiabilityEstablishedOnDateOfAcquisition
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81700000 USD
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EarningsBeforeInterestProvisionforIncomeTaxDepreciationandAmortizationfromDiscontinuedOperations
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0.000
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38700000 USD
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4100000 USD
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38600000 USD
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38000000 USD
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14100000 USD
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P3Y
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P10Y
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6 Bank
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4 Bank
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0 Customer
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0 Customer
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27159 shares
CY2015 vrsk Numberof Stock Issued During Period Shares Stock Options Exercised Net Of Taxes
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32882 shares
CY2016 vrsk Numberof Stock Issued During Period Shares Stock Options Exercised Net Of Taxes
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38250 shares
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2 claim
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4 fiscal_quarter
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0 relatedparty
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Numberofrelatedparties
0 relatedparty
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PT1000H
CY2014 vrsk Other Than Temporary Impairment Of Registered Investment Securities
OtherThanTemporaryImpairmentOfRegisteredInvestmentSecurities
0 USD
CY2015 vrsk Other Than Temporary Impairment Of Registered Investment Securities
OtherThanTemporaryImpairmentOfRegisteredInvestmentSecurities
300000 USD
CY2016 vrsk Other Than Temporary Impairment Of Registered Investment Securities
OtherThanTemporaryImpairmentOfRegisteredInvestmentSecurities
400000 USD
CY2015Q4 vrsk Percentage Of Ownership On Outstanding Common Stock Required To Become Related Party
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0.05
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0.05
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0.1
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PercentageofrevenueoutsideofUS
0.1
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PercentageofrevenueoutsideofUS
0.1
CY2014 vrsk Proceeds From Other Investing Activities
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0 USD
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ProceedsFromOtherInvestingActivities
100000 USD
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ProceedsFromOtherInvestingActivities
500000 USD
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Profitsharingcontributions
0 USD
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Profitsharingcontributions
0 USD
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Profitsharingcontributions
0 USD
CY2014 vrsk Restricted Stock Lapses
RestrictedStockLapses
500000 USD
CY2015 vrsk Restricted Stock Lapses
RestrictedStockLapses
1300000 USD
CY2016 vrsk Restricted Stock Lapses
RestrictedStockLapses
1200000 USD
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RevenueoutsideofUS
0.112
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RevenueoutsideofUS
0.182
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RevenueoutsideofUS
0.226
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2622568 shares
CY2014 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Aggregate Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageAggregateFairValue
12800000 USD
CY2015 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Aggregate Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageAggregateFairValue
16800000 USD
CY2016 vrsk Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Aggregate Fair Value
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14200000 USD
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25000 USD
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0.5000
CY2016 vrsk Ts Aserviceterm
TSAserviceterm
P12M
CY2016Q4 vrsk Treasury Stock Cumulative Value Acquired Cost Method
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2164000000 USD
CY2016Q4 vrsk Unrecognized Compensation Cost Related To Nonvested Share Based Compensation Arrangements
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61000000 USD
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UnremittedForeignEarnings
22500000 USD
CY2014 vrsk Weighted Average Exercise Price Per Share Granted
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59.83
CY2015 vrsk Weighted Average Exercise Price Per Share Granted
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72.20
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CY2016 us-gaap Revenue Recognition Software
RevenueRecognitionSoftware
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following describes the Company&#8217;s primary types of revenues and the applicable revenue recognition policies. The Company&#8217;s revenues are primarily derived from the sales of services and revenue is recognized as services are performed and information is delivered to customers. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, fees and/or price is fixed or determinable, and collectability is reasonably assured. Revenue is recognized net of applicable sales tax withholdings.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Industry-Standard Insurance Programs</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Industry-standard insurance programs, statistical agent and data services and actuarial services are sold to participating insurance company customers under annual agreements covering a calendar year where the price is determined at the inception of the agreement. In accordance with Accounting Standards Codification (&#8220;ASC&#8221;) 605, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition,</font><font style="font-family:inherit;font-size:10pt;"> the Company recognizes revenue ratably over the term of these annual agreements, as services are performed and continuous access to information is provided over the entire term of the agreements.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property-Specific Rating and Underwriting Information</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company provides property-specific rating information through reports issued for specific commercial properties, for which revenue is recognized when the report is delivered to the customer, provided that all other revenue recognition criteria are met.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the Company provides hosting or software solutions that provide continuous access to information about the properties being insured and underwriting information in the form of standard policy forms to be used by customers. As the customer has a contractual right to take possession of the software without significant penalty, revenues from these arrangements are recognized ratably over the contract period from the time when the customer had access to the solution in accordance with ASC 985-605, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Software Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;ASC 985-605&#8221;). The Company recognizes software license revenue when the arrangement does not require significant production, customization or modification of the software and the following criteria are met: persuasive evidence of an agreement exists, delivery has occurred, fees are fixed or determinable, and collections are probable. These software arrangements include post-contract customer support (&#8220;PCS&#8221;). The Company recognizes software license revenue ratably over the duration of the annual license term as vendor specific objective evidence (&#8220;VSOE&#8221;) of PCS, the only remaining undelivered element, cannot be established in accordance with ASC 985-605. The PCS associated with these arrangements is coterminous with the duration of the license term.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Insurance</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Insurance services primarily consist of term-based software licenses. These software arrangements include PCS, which includes unspecified upgrades on a when-and-if available basis. The Company recognizes software license revenue ratably over the duration of the annual license term as VSOE of PCS, the only remaining undelivered element, cannot be established in accordance with ASC 985-605. The PCS associated with these arrangements is coterminous with the duration of the license term. In certain instances, the customers are billed for access on a monthly basis for the term-based software licenses and the Company recognizes revenue accordingly.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There are also services within insurance, which are comprised of transaction-based fees recognized as information is delivered to customers, provided that all other revenue recognition criteria have been met.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Services</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial services include various types of services to customers. The Company primarily recognizes revenue ratably for these services over the term of the agreements, as services are performed and continuous service is provided over the entire term of the agreements. In addition, there are certain services which are comprised of transaction-based fees; in these instances, revenue is recognized as information is delivered to customers, provided that all other revenue recognition criteria have been met.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy and Specialized Markets</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company provides hosting solutions that give continuous access to research information such as data analytics and commercial intelligence for the energy, chemicals, metals and mining verticals. For the hosting arrangements, whereby the customer does not have the right to take possession of the software, which include PCS throughout the hosting term, revenues from these multiple element arrangements are recognized in accordance with ASC 605-25, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue recognition &#8212; Multiple element arrangements</font><font style="font-family:inherit;font-size:10pt;"> ("ASC 605-25"). The Company recognizes revenue ratably over the duration of the license term, since the contractual elements do not have stand alone value. Specialized markets consist of term-based software licenses. These software arrangements include PCS, which includes unspecified upgrades on a when-and-if available basis. The Company recognizes software license revenue ratably over the duration of the annual license term as VSOE of PCS, the only remaining undelivered element, cannot be established in accordance with ASC 985-605. The PCS associated with these arrangements is coterminous with the duration of the license term. In certain instances, the customers are billed for access on a monthly basis for the term-based software licenses and the Company recognizes revenue accordingly. In addition, specialized markets are comprised of transaction-based fees recognized as information is delivered to customers, provided that all other revenue recognition criteria have been met.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company services long-term contract arrangements with certain customers. For these arrangements, revenue is recognized in accordance with ASC 605-35, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition &#8212; Construction-Type and Production-Type Contracts</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;ASC 605-35&#8221;), using the percentage-of-completion method, which requires the use of estimates. In such instances, management is required to estimate the input measures, based on hours incurred to date compared to total estimated hours of the project, with consideration also given to output measures, such as contract milestones, when applicable. Adjustments to estimates are made in the period in which the facts requiring such revisions become known. Accordingly, recognized revenues and profits are subject to revisions as the contract progresses to completion. The Company considers the contract substantially complete when there is compliance with all performance specifications and there are no remaining costs or potential risk.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There are also services within energy and specialized markets, which are comprised of transaction-based fees recognized as information is delivered to customers, provided that all other revenue recognition criteria have been met.</font></div></div>
CY2016 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company invoices its customers in annual, quarterly, monthly, or milestone installments. Amounts billed and collected in advance of earnings are recorded as &#8220;Deferred revenues&#8221; in the accompanying consolidated balance sheets and are recognized as the services are performed and the applicable revenue recognition criteria are met.</font></div></div>

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