2018 Q2 Form 10-K Financial Statement

#000010604018000029 Filed on August 24, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2018
Revenue $5.117B $5.013B $20.65B
YoY Change 5.68% 7.83% 8.14%
Cost Of Revenue $3.265B $3.086B $12.94B
YoY Change 3.29% -1.28% -0.61%
Gross Profit $1.852B $1.927B $7.705B
YoY Change 10.17% 26.53% 26.89%
Gross Profit Margin 36.19% 38.44% 37.32%
Selling, General & Admin $352.0M $376.0M $1.473B
YoY Change 2.03% 8.67% 1.94%
% of Gross Profit 19.01% 19.51% 19.12%
Research & Development $577.0M $602.0M $2.400B
YoY Change -4.47% -1.79% -1.68%
% of Gross Profit 31.16% 31.24% 31.15%
Depreciation & Amortization $489.0M $499.0M $871.0M
YoY Change -10.44% -10.89% -9.27%
% of Gross Profit 26.4% 25.9% 11.3%
Operating Expenses $929.0M $1.013B $4.088B
YoY Change -2.11% 1.5% -0.73%
Operating Profit $843.0M $914.0M $3.617B
YoY Change 29.29% 74.1% 85.11%
Interest Expense -$100.0M $160.0M $676.0M
YoY Change -47.92% -21.95% -20.19%
% of Operating Profit -11.86% 17.51% 18.69%
Other Income/Expense, Net -$14.00M -$1.042B -$1.532B
YoY Change -68.89% 371.49% 29.28%
Pretax Income $729.0M -$128.0M -$313.0M
YoY Change 75.66% -142.11% -249.76%
Income Tax $49.00M -$189.0M $1.410B
% Of Pretax Income 6.72%
Net Earnings $756.0M $61.00M $675.0M
YoY Change 170.0% -75.4% 70.03%
Net Earnings / Revenue 14.77% 1.22% 3.27%
Basic Earnings Per Share $2.53 $0.20 $2.27
Diluted Earnings Per Share $2.46 $0.20 $2.20
COMMON SHARES
Basic Shares Outstanding 299.2M shares 298.0M shares 297.0M shares
Diluted Shares Outstanding 308.0M shares 307.0M shares

Balance Sheet

Concept 2018 Q2 2018 Q1 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.028B $4.983B $5.005B
YoY Change -21.17% -12.22% -21.53%
Cash & Equivalents $5.005B $4.963B $5.005B
Short-Term Investments $23.00M $20.00M
Other Short-Term Assets $492.0M $500.0M $492.0M
YoY Change 19.13% 15.21% 26.48%
Inventory $2.944B $2.670B $2.944B
Prepaid Expenses
Receivables $2.197B $2.011B $2.197B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.64B $10.16B $10.64B
YoY Change -3.78% -1.44% -3.78%
LONG-TERM ASSETS
Property, Plant & Equipment $3.095B $3.011B $3.095B
YoY Change 2.04% -2.84% 2.04%
Goodwill $10.08B $10.08B
YoY Change 0.61% 0.67%
Intangibles $2.680B $2.956B
YoY Change -29.9% -28.67%
Long-Term Investments $93.00M $93.00M $93.00M
YoY Change
Other Assets $642.0M $634.0M $549.0M
YoY Change 8.08% 7.64% -7.58%
Total Long-Term Assets $18.60B $18.84B $18.60B
YoY Change -1.1% -1.54% -1.1%
TOTAL ASSETS
Total Short-Term Assets $10.64B $10.16B $10.64B
Total Long-Term Assets $18.60B $18.84B $18.60B
Total Assets $29.24B $29.00B $29.24B
YoY Change -2.09% -1.51% -2.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.265B $2.134B $2.524B
YoY Change 5.64% -2.33% 7.4%
Accrued Expenses $1.274B $1.015B $1.753B
YoY Change 1.51% -5.41% 0.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $179.0M $124.0M $179.0M
YoY Change -23.18% -31.49% -23.18%
Total Short-Term Liabilities $4.456B $4.259B $4.456B
YoY Change 2.58% -1.16% 2.58%
LONG-TERM LIABILITIES
Long-Term Debt $10.99B $11.08B $10.99B
YoY Change -14.9% -14.19% -14.9%
Other Long-Term Liabilities $2.255B $2.369B $2.255B
YoY Change 91.1% 97.25% 91.1%
Total Long-Term Liabilities $13.25B $13.45B $13.25B
YoY Change -6.03% -4.7% -6.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.456B $4.259B $4.456B
Total Long-Term Liabilities $13.25B $13.45B $13.25B
Total Liabilities $17.70B $17.70B $17.70B
YoY Change -4.0% -3.87% -4.0%
SHAREHOLDERS EQUITY
Retained Earnings $8.757B $8.155B
YoY Change 1.44% -4.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.444B $1.181B
YoY Change -13.33% -36.51%
Treasury Stock Shares 16.00M shares 13.00M shares
Shareholders Equity $11.53B $11.30B $11.53B
YoY Change
Total Liabilities & Shareholders Equity $29.24B $29.00B $29.24B
YoY Change -2.09% -1.51% -2.09%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2018
OPERATING ACTIVITIES
Net Income $756.0M $61.00M $675.0M
YoY Change 170.0% -75.4% 70.03%
Depreciation, Depletion And Amortization $489.0M $499.0M $871.0M
YoY Change -10.44% -10.89% -9.27%
Cash From Operating Activities $863.0M $1.027B $4.205B
YoY Change -8.09% 2.91% 22.35%
INVESTING ACTIVITIES
Capital Expenditures -$192.0M -$227.0M $835.0M
YoY Change 53.6% 84.55% 44.46%
Acquisitions $100.0M
YoY Change
Other Investing Activities -$57.00M -$172.0M -$18.00M
YoY Change -12.31% 2357.14% -156.25%
Cash From Investing Activities -$249.0M -$399.0M -$1.655B
YoY Change 31.05% 206.92% 160.22%
FINANCING ACTIVITIES
Cash Dividend Paid $593.0M
YoY Change 3.31%
Common Stock Issuance & Retirement, Net $591.0M
YoY Change
Debt Paid & Issued, Net $17.07B
YoY Change 45.97%
Cash From Financing Activities -563.0M -1.946B -$3.900B
YoY Change 1048.98% 1116.25% -15.13%
NET CHANGE
Cash From Operating Activities 863.0M 1.027B $4.205B
Cash From Investing Activities -249.0M -399.0M -$1.655B
Cash From Financing Activities -563.0M -1.946B -$3.900B
Net Change In Cash 51.00M -1.318B -$1.349B
YoY Change -92.71% -286.16% -24.8%
FREE CASH FLOW
Cash From Operating Activities $863.0M $1.027B $4.205B
Capital Expenditures -$192.0M -$227.0M $835.0M
Free Cash Flow $1.055B $1.254B $3.370B
YoY Change -0.85% 11.86% 17.87%

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20000000 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
35000000 USD
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.5
CY2017 us-gaap Depreciation
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960000000 USD
CY2016 us-gaap Depreciation
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888000000 USD
CY2018 us-gaap Depreciation
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871000000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2128000000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1154000000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2056000000 USD
CY2017Q2 us-gaap Due From Affiliate Current
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0 USD
CY2018Q2 us-gaap Due From Affiliate Current
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0 USD
CY2017Q2 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
0 USD
CY2018Q2 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
0 USD
CY2017Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
0 USD
CY2018Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
0 USD
CY2017Q2 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
0 USD
CY2018Q2 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
0 USD
CY2016Q3 us-gaap Earnings Per Share Basic
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-1.28
CY2017 us-gaap Earnings Per Share Basic
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1.38
CY2016 us-gaap Earnings Per Share Basic
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1.01
CY2016Q4 us-gaap Earnings Per Share Basic
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0.82
CY2017Q1 us-gaap Earnings Per Share Basic
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0.86
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
CY2017Q3 us-gaap Earnings Per Share Basic
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2.31
CY2017Q4 us-gaap Earnings Per Share Basic
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-2.78
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.53
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.27
CY2016Q3 us-gaap Earnings Per Share Diluted
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-1.28
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.23
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.78
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.46
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.20
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3000000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1000000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1000000 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.48
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.58
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.68
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.28
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.28
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.29
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.16
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.05
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.27
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-1.03
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.34
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.00
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.09
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.09
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.05
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.04
CY2016 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.09
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.00
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.12
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.43
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.04
CY2017Q2 us-gaap Employee Related Liabilities Current
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506000000 USD
CY2018Q2 us-gaap Employee Related Liabilities Current
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479000000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
540000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
105000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
48000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
66000000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
119000000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
7000000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
78000000 USD
CY2018Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2018Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
CY2018Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0 USD
CY2018Q2 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2033000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3218000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
968000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
144000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
230000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
503000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
755000000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5160000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5818000000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3127000000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2600000000 USD
CY2018Q2 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
2000000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-18000000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-22000000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-21000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-274000000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2016Q3 us-gaap Goodwill
Goodwill
9951000000 USD
CY2017Q2 us-gaap Goodwill
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10014000000 USD
CY2018Q2 us-gaap Goodwill
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10075000000 USD
CY2018 us-gaap Goodwill Acquired During Period
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61000000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
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3000000 USD
CY2017 us-gaap Goodwill Purchase Accounting Adjustments
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66000000 USD
CY2016Q3 us-gaap Gross Profit
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1335000000 USD
CY2017 us-gaap Gross Profit
GrossProfit
6072000000 USD
CY2016 us-gaap Gross Profit
GrossProfit
3435000000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
1533000000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
1523000000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
1681000000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
1913000000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
2013000000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
1927000000 USD
CY2018Q2 us-gaap Gross Profit
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1852000000 USD
CY2018 us-gaap Gross Profit
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7705000000 USD
CY2016Q3 us-gaap Impairment Of Intangible Assets Finitelived
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36000000 USD
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2018 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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209000000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-363000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
560000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
516000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2398000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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769000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
153000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2085000000 USD
CY2017 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2016 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2018 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
372000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-89000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1410000000 USD
CY2017 us-gaap Income Tax Holiday Aggregate Dollar Amount
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467000000 USD
CY2016 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
500000000 USD
CY2018 us-gaap Income Tax Holiday Aggregate Dollar Amount
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519000000 USD
CY2017 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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1.58
CY2016 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
2.07
CY2018 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
1.69
CY2017 us-gaap Income Taxes Paid
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184000000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
26000000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
220000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Related Parties
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38000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Related Parties
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-115000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Related Parties
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53000000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
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223000000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-299000000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
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-15000000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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487000000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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-466000000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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244000000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
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231000000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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102000000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
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-17000000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
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115000000 USD
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
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-94000000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
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-26000000 USD
CY2017 us-gaap Increase Decrease In Inventories
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204000000 USD
CY2016 us-gaap Increase Decrease In Inventories
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-306000000 USD
CY2018 us-gaap Increase Decrease In Inventories
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598000000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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-175000000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
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-8000000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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-1333000000 USD
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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8000000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10000000 shares
CY2017Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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5856000000 USD
CY2018Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5898000000 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
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3823000000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
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2680000000 USD
CY2017 us-gaap Interest Expense
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847000000 USD
CY2016 us-gaap Interest Expense
InterestExpense
266000000 USD
CY2018 us-gaap Interest Expense
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676000000 USD
CY2017 us-gaap Interest Paid
InterestPaid
777000000 USD
CY2016 us-gaap Interest Paid
InterestPaid
113000000 USD
CY2018 us-gaap Interest Paid
InterestPaid
708000000 USD
CY2017Q2 us-gaap Inventory Finished Goods Net Of Reserves
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1063000000 USD
CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
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1018000000 USD
CY2017Q2 us-gaap Inventory Net
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2341000000 USD
CY2018Q2 us-gaap Inventory Net
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2944000000 USD
CY2017Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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646000000 USD
CY2018Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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1048000000 USD
CY2017Q2 us-gaap Inventory Work In Process Net Of Reserves
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632000000 USD
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
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878000000 USD
CY2017 us-gaap Investment Income Interest
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26000000 USD
CY2016 us-gaap Investment Income Interest
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26000000 USD
CY2018 us-gaap Investment Income Interest
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60000000 USD
CY2017Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2018Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2017 us-gaap Investments In And Advances To Affiliates At Fair Value Gross Additions
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0 USD
CY2016 us-gaap Investments In And Advances To Affiliates At Fair Value Gross Additions
InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions
0 USD
CY2018 us-gaap Investments In And Advances To Affiliates At Fair Value Gross Additions
InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions
0 USD
CY2017Q2 us-gaap Liabilities
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18442000000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
17704000000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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29860000000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
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29235000000 USD
CY2017Q2 us-gaap Liabilities Current
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4344000000 USD
CY2018Q2 us-gaap Liabilities Current
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4456000000 USD
CY2017Q2 us-gaap Long Term Debt
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13151000000 USD
CY2018Q2 us-gaap Long Term Debt
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11172000000 USD
CY2017Q2 us-gaap Long Term Debt Current
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233000000 USD
CY2018Q2 us-gaap Long Term Debt Current
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179000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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3400000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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179000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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6931000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
276000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
311000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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278000000 USD
CY2017Q2 us-gaap Long Term Debt Noncurrent
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12918000000 USD
CY2018Q2 us-gaap Long Term Debt Noncurrent
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10993000000 USD
CY2015Q1 us-gaap Loss Contingency New Claims Filed Number
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3 claim
CY2015Q1 us-gaap Loss Contingency Number Of Plaintiffs
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2 plaintiff
CY2015Q1 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
2 claim
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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10751000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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-3900000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-636000000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Restructuring Costs And Asset Impairment Charges
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
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11000000 USD
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1000000 USD
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41000000 shares
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3000000 shares
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70.70
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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120000000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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57000000 USD
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99000000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
900000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
700000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
400000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
71.31
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
66.03
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
60.85
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2800000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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73000000 USD
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1570000000 USD
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50000000 USD
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171000000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year ends on the Friday nearest to June 30 and typically consists of 52 weeks. Approximately every six years, the Company reports a 53-week fiscal year to align the fiscal year with the foregoing policy. Fiscal years </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, which ended on </font><font style="font-family:inherit;font-size:10pt;">June&#160;29, 2018</font><font style="font-family:inherit;font-size:10pt;">; </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, which ended on </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">; and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, which ended on </font><font style="font-family:inherit;font-size:10pt;">July&#160;1, 2016</font><font style="font-family:inherit;font-size:10pt;">, were each comprised of </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> weeks, with all quarters presented consisting of </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;"> weeks.</font></div></div>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified in the</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">consolidated balance sheets to conform to the current year presentation.</font></div></div>
CY2018 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management has made estimates and assumptions relating to the reporting of certain assets and liabilities in conformity with U.S. GAAP. These estimates and assumptions have been applied using methodologies that are consistent throughout the periods presented. However, actual results could differ materially from these estimates.</font></div></div>

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