2016 Q2 Form 10-Q Financial Statement

#000010781516000386 Filed on August 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.602B $991.2M
YoY Change 61.62% -5.03%
Cost Of Revenue $508.3M $353.0M
YoY Change 43.99% 180.38%
Gross Profit $1.094B $638.2M
YoY Change 71.37% -30.46%
Gross Profit Margin 68.27% 64.39%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.0M $103.5M
YoY Change 83.57% 2.07%
% of Gross Profit 17.37% 16.22%
Operating Expenses $761.6M $472.4M
YoY Change 61.22% -30.23%
Operating Profit $332.1M $165.8M
YoY Change 100.3% -31.12%
Interest Expense $100.1M $61.80M
YoY Change 61.97% 4.75%
% of Operating Profit 30.14% 37.27%
Other Income/Expense, Net -$36.80M -$21.40M
YoY Change 71.96% -364.2%
Pretax Income $295.3M $144.4M
YoY Change 104.5% -30.34%
Income Tax $113.6M $63.20M
% Of Pretax Income 38.47% 43.77%
Net Earnings $181.4M $80.90M
YoY Change 124.23% -39.17%
Net Earnings / Revenue 11.32% 8.16%
Basic Earnings Per Share $0.57 $0.36
Diluted Earnings Per Share $0.57 $0.35
COMMON SHARES
Basic Shares Outstanding 315.6M shares 227.5M shares
Diluted Shares Outstanding 317.0M shares 229.1M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.00M $214.0M
YoY Change -85.05% 548.48%
Cash & Equivalents $32.10M $214.4M
Short-Term Investments
Other Short-Term Assets $89.10M $543.0M
YoY Change -83.59% 47.55%
Inventory $495.0M $563.0M
Prepaid Expenses $235.3M
Receivables $915.0M $667.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.766B $2.277B
YoY Change -22.44% 77.11%
LONG-TERM ASSETS
Property, Plant & Equipment $19.40B $18.53B
YoY Change 4.69% 68.08%
Goodwill $3.046B $3.387B
YoY Change -10.05% 666.35%
Intangibles
YoY Change
Long-Term Investments $1.425B $1.170B
YoY Change 21.79% 158.85%
Other Assets $419.9M $455.7M
YoY Change -7.86% 41.79%
Total Long-Term Assets $27.41B $26.34B
YoY Change 4.07% 97.52%
TOTAL ASSETS
Total Short-Term Assets $1.766B $2.277B
Total Long-Term Assets $27.41B $26.34B
Total Assets $29.18B $28.61B
YoY Change 1.96% 95.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $620.5M $777.1M
YoY Change -20.15% 169.36%
Accrued Expenses $135.0M $136.0M
YoY Change -0.74% 94.29%
Deferred Revenue
YoY Change
Short-Term Debt $928.0M $826.0M
YoY Change 12.35% 101.46%
Long-Term Debt Due $95.80M $608.4M
YoY Change -84.25% 1249.0%
Total Short-Term Liabilities $2.137B $2.940B
YoY Change -27.32% 199.79%
LONG-TERM LIABILITIES
Long-Term Debt $8.902B $8.548B
YoY Change 4.15% 86.32%
Other Long-Term Liabilities $1.132B $1.627B
YoY Change -30.41% 490.53%
Total Long-Term Liabilities $10.03B $10.17B
YoY Change -1.38% 109.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.137B $2.940B
Total Long-Term Liabilities $10.03B $10.17B
Total Liabilities $12.17B $13.11B
YoY Change -7.19% 124.42%
SHAREHOLDERS EQUITY
Retained Earnings $4.515B
YoY Change
Common Stock $3.200M $8.457B
YoY Change -99.96% 93.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.864B $8.538B
YoY Change
Total Liabilities & Shareholders Equity $29.18B $28.61B
YoY Change 1.96% 95.72%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $181.4M $80.90M
YoY Change 124.23% -39.17%
Depreciation, Depletion And Amortization $190.0M $103.5M
YoY Change 83.57% 2.07%
Cash From Operating Activities $528.2M $385.9M
YoY Change 36.87% 14.78%
INVESTING ACTIVITIES
Capital Expenditures $306.7M $207.0M
YoY Change 48.16% 17.41%
Acquisitions
YoY Change
Other Investing Activities $46.00M -$1.320B
YoY Change -103.49% -52884.0%
Cash From Investing Activities -$260.7M -$1.523B
YoY Change -82.88% 776.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -270.1M 1.286B
YoY Change -121.0% -921.33%
NET CHANGE
Cash From Operating Activities 528.2M 385.9M
Cash From Investing Activities -260.7M -1.523B
Cash From Financing Activities -270.1M 1.286B
Net Change In Cash -2.600M 149.2M
YoY Change -101.74% 2472.41%
FREE CASH FLOW
Cash From Operating Activities $528.2M $385.9M
Capital Expenditures $306.7M $207.0M
Free Cash Flow $221.5M $178.9M
YoY Change 23.81% 11.88%

Facts In Submission

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FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
3900000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
3900000 USD
CY2016Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
15200000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
15200000 USD
CY2015Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0 USD
CY2016Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
100000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
-200000 USD
CY2015Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
3600000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
7300000 USD
CY2016Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
2800000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
5000000 USD
CY2014Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
7000000 USD
CY2015Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3300000 USD
CY2015Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
2300000 USD
CY2015Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3600000 USD
CY2016Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
1100000 USD
CY2016Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
13400000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
3023500000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
3046200000 USD
CY2015Q2 us-gaap Goodwill Acquired During Period
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2604300000 USD
CY2016Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
22700000 USD
CY2016Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
233200000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
81200000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
277300000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
181700000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
528200000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
144400000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
462900000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
295300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
854900000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.36
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.22
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.57
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.67
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.21
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.66
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14300000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
30400000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
30900000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
69400000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
9200000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
22700000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
185600000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
113600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
326700000 USD
us-gaap Income Taxes Paid Net
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3000000 USD
us-gaap Income Taxes Paid Net
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-7400000 USD
us-gaap Increase Decrease In Accounts Payable
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27400000 USD
us-gaap Increase Decrease In Accounts Payable
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-112400000 USD
us-gaap Increase Decrease In Accounts Receivable
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-134500000 USD
us-gaap Increase Decrease In Accounts Receivable
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-130100000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
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10500000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-51300000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-72200000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-193500000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-16700000 USD
us-gaap Increase Decrease In Other Current Assets
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-66700000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1200000 USD
us-gaap Increase Decrease In Other Current Liabilities
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-87700000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
61800000 USD
us-gaap Interest Expense
InterestExpense
121200000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
100100000 USD
us-gaap Interest Expense
InterestExpense
201000000 USD
us-gaap Interest Paid Net
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116300000 USD
us-gaap Interest Paid Net
InterestPaidNet
209200000 USD
CY2015Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
219200000 USD
CY2016Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
217300000 USD
CY2016Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
26000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29355200000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29175300000 USD
CY2015Q4 us-gaap Liabilities Current
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2709000000 USD
CY2016Q2 us-gaap Liabilities Current
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2137100000 USD
CY2016Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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2500000000 USD
CY2016Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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1546200000 USD
CY2015Q4 us-gaap Long Term Debt Current
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157700000 USD
CY2016Q2 us-gaap Long Term Debt Current
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95800000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
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9124100000 USD
CY2016Q2 us-gaap Long Term Debt Noncurrent
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8902100000 USD
CY2015Q4 us-gaap Long Term Investments
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1466700000 USD
CY2016Q2 us-gaap Long Term Investments
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1513000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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1115200000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-792700000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-1679200000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-449100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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716500000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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1224100000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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80900000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
276700000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
181400000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
527600000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
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-21400000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-61700000 USD
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-36800000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-66500000 USD
us-gaap Number Of Reportable Segments
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6 segment
CY2015Q2 us-gaap Operating Income Loss
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165800000 USD
us-gaap Operating Income Loss
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524600000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
332100000 USD
us-gaap Operating Income Loss
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921400000 USD
CY2015Q4 us-gaap Other Assets Current
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58800000 USD
CY2016Q2 us-gaap Other Assets Current
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89100000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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403900000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
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419900000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
400000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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11300000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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11300000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-300000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-600000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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11300000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11300000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-200000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
100000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
300000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
600000 USD
CY2015Q2 us-gaap Other Cost And Expense Operating
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337000000 USD
us-gaap Other Cost And Expense Operating
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617700000 USD
CY2016Q2 us-gaap Other Cost And Expense Operating
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522000000 USD
us-gaap Other Cost And Expense Operating
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1053500000 USD
CY2015Q4 us-gaap Other Liabilities Current
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471200000 USD
CY2016Q2 us-gaap Other Liabilities Current
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358500000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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1071700000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
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1132100000 USD
CY2015Q4 us-gaap Other Long Term Investments
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85800000 USD
CY2016Q2 us-gaap Other Long Term Investments
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88000000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
26100000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
29100000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
32400000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
65100000 USD
us-gaap Other Operating Activities Cash Flow Statement
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-42400000 USD
us-gaap Other Operating Activities Cash Flow Statement
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-93900000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
400000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
32000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
94200000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
190500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
312400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1329400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
2600000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
12100000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
368000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
618700000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
106100000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
19500000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
543100000 USD
CY2016Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
541900000 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
30400000 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
30400000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
285800000 USD
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
235300000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1450000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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-12100000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
21200000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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161000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12200000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
35000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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19189700000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19398900000 USD
CY2015Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
26249500000 USD
CY2016Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
26690700000 USD
CY2015Q4 us-gaap Public Utilities Property Plant And Equipment Net
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18330400000 USD
CY2016Q2 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
18641600000 USD
CY2016Q2 us-gaap Purchase Obligation
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12345800000 USD
CY2015Q4 us-gaap Regulatory Assets Noncurrent
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3064600000 USD
CY2016Q2 us-gaap Regulatory Assets Noncurrent
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3031400000 USD
CY2015Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
1392200000 USD
CY2016Q2 us-gaap Regulatory Liability Noncurrent
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1469700000 USD
us-gaap Repayments Of Long Term Debt
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11600000 USD
us-gaap Repayments Of Long Term Debt
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241800000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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118400000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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94400000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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4299800000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4515000000 USD
CY2015Q2 us-gaap Revenues
Revenues
991200000 USD
us-gaap Revenues
Revenues
2379100000 USD
CY2016Q2 us-gaap Revenues
Revenues
1602000000 USD
us-gaap Revenues
Revenues
3796800000 USD
CY2015Q2 us-gaap Taxes Other
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31900000 USD
us-gaap Taxes Other
TaxesOther
63800000 USD
CY2016Q2 us-gaap Taxes Other
TaxesOther
49600000 USD
us-gaap Taxes Other
TaxesOther
96800000 USD
CY2015Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
825400000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
1854500000 USD
CY2016Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
1269900000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
2875400000 USD
CY2015Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
337000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
617700000 USD
CY2016Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
522000000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
1053500000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
229100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228200000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
227500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226500000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315600000 shares
CY2015Q2 wec Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Investments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedInvestments
1072000000 USD
CY2015Q2 wec Deferredtaxesrelatedtogoodwill
Deferredtaxesrelatedtogoodwill
0 USD
wec Depreciation Depletionand Amortization Including Discontinued Operations
DepreciationDepletionandAmortizationIncludingDiscontinuedOperations
215100000 USD
wec Depreciation Depletionand Amortization Including Discontinued Operations
DepreciationDepletionandAmortizationIncludingDiscontinuedOperations
386000000 USD
CY2015Q4 wec Derivative Instruments And Hedges Liabilities Gross Current
DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent
49000000 USD
CY2016Q2 wec Derivative Instruments And Hedges Liabilities Gross Current
DerivativeInstrumentsAndHedgesLiabilitiesGrossCurrent
17100000 USD
CY2015Q2 wec Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assetand Liability Acquisitionof Integrys
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetandLiabilityAcquisitionofIntegrys
-1300000 USD
wec Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assetand Liability Acquisitionof Integrys
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetandLiabilityAcquisitionofIntegrys
-1300000 USD
CY2016Q2 wec Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assetand Liability Acquisitionof Integrys
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetandLiabilityAcquisitionofIntegrys
0 USD
wec Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assetand Liability Acquisitionof Integrys
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetandLiabilityAcquisitionofIntegrys
0 USD
CY2016Q2 wec Guarantee Obligations Maximum Exposure Expire Less Than One Year
GuaranteeObligationsMaximumExposureExpireLessThanOneYear
116000000 USD
CY2016Q2 wec Guarantee Obligations Maximum Exposure Expire Over Three Years
GuaranteeObligationsMaximumExposureExpireOverThreeYears
105200000 USD
CY2016Q2 wec Guarantee Obligations Maximum Exposure Expire Within One To Three Years
GuaranteeObligationsMaximumExposureExpireWithinOneToThreeYears
12000000 USD
CY2015Q2 wec Other Comprehensive Income Realized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeRealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
11400000 USD
wec Other Comprehensive Income Realized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeRealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
11400000 USD
CY2016Q2 wec Other Comprehensive Income Realized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeRealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
wec Other Comprehensive Income Realized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeRealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2015Q2 wec Other Comprehensive Income Realized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeRealizedGainLossOnDerivativesArisingDuringPeriodTax
7600000 USD
wec Other Comprehensive Income Realized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeRealizedGainLossOnDerivativesArisingDuringPeriodTax
7600000 USD
CY2015Q2 wec Percentageof Integryscommonsharesacquired
PercentageofIntegryscommonsharesacquired
1.00
CY2016Q2 wec Temporary Lif Oliquidationdebit
TemporaryLIFOliquidationdebit
28800000 USD
CY2015Q4 wec Total Deferred Charges And Other Assets
TotalDeferredChargesAndOtherAssets
6492000000 USD
CY2016Q2 wec Total Deferred Charges And Other Assets
TotalDeferredChargesAndOtherAssets
6497500000 USD
CY2015Q4 wec Total Deferred Credits And Other Liabilities
TotalDeferredCreditsAndOtherLiabilities
8836900000 USD
CY2016Q2 wec Total Deferred Credits And Other Liabilities
TotalDeferredCreditsAndOtherLiabilities
9272200000 USD
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">NEW ACCOUNTING PRONOUNCEMENTS</font><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In May 2014, the FASB and the International Accounting Standards Board issued their joint revenue recognition standard, ASU&#160;2014-09, Revenue from Contracts with Customers. This guidance is effective for fiscal years and interim periods beginning after December 15, 2017, and can either be applied retrospectively or as a cumulative-effect adjustment as of the date of adoption. We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Classification and Measurement of Financial Instruments</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, Classification and Measurement of Financial Assets and Liabilities. This guidance is effective for fiscal years and interim periods beginning after December 15, 2017, and will be recorded with a cumulative-effect adjustment to beginning retained earnings as of the beginning of the fiscal year in which the guidance is effective. We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Leases</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, Leases. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and will be applied using a modified retrospective approach. We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Stock-Based Compensation</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. We are currently assessing the effects this guidance may have on our financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Financial Instruments Credit Losses</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. We are currently assessing the effects this guidance may have on our financial statements.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Calibri,sans-serif;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">On the income statements for the </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">three and six months ended June 30</font><font style="font-family:Calibri,sans-serif;font-size:10pt;">, </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">2015</font><font style="font-family:Calibri,sans-serif;font-size:10pt;">, we reclassified </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">$2.2 million</font><font style="font-family:Calibri,sans-serif;font-size:10pt;"> and </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">$4.7 million</font><font style="font-family:Calibri,sans-serif;font-size:10pt;">, respectively, from treasury grant to depreciation and amortization. We also reclassified an insignificant amount from interest expense to preferred stock dividends of subsidiary on the income statements for the </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">three and six months ended June 30</font><font style="font-family:Calibri,sans-serif;font-size:10pt;">, </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">2015</font><font style="font-family:Calibri,sans-serif;font-size:10pt;">. These reclassifications were made to be consistent with the current period presentation.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">On the statement of cash flows for the </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">six months ended June 30, 2015</font><font style="font-family:Calibri,sans-serif;font-size:10pt;">, we reclassified </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">$1.7 million</font><font style="font-family:Calibri,sans-serif;font-size:10pt;"> from depreciation and amortization to other operating activities. In addition, we reclassified </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">$6.1 million</font><font style="font-family:Calibri,sans-serif;font-size:10pt;"> of non-qualified pension and OPEB contributions from other operating activities to contributions and payments related to pension and OPEB plans. We also reclassified </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">$11.5 million</font><font style="font-family:Calibri,sans-serif;font-size:10pt;"> from other investing activities to capital expenditures on the statement of cash flows for the </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">six months ended June 30, 2015</font><font style="font-family:Calibri,sans-serif;font-size:10pt;">. An insignificant amount of preferred stock dividends of subsidiary was also reclassified from other financing activities to net income. These reclassifications were made to be consistent with the current period presentation.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Calibri,sans-serif;font-size:10pt;">During the third quarter of 2015, following the acquisition of Integrys, we reorganized our business segments. All prior period amounts impacted by this change were reclassified to conform to the new presentation. </font><font style="font-family:Calibri,sans-serif;font-size:10pt;">See Note&#160;14, Segment Information, for more information</font><font style="font-family:Calibri,sans-serif;font-size:10pt;"> on our business segments.</font></div></div>

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