2015 Q2 Form 10-Q Financial Statement
#000010653515000030 Filed on July 31, 2015
Income Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
Revenue | $1.345B | $1.964B |
YoY Change | -31.52% | 4.8% |
Cost Of Revenue | $1.057B | $1.499B |
YoY Change | -29.49% | 3.17% |
Gross Profit | $288.0M | $465.0M |
YoY Change | -38.06% | 10.45% |
Gross Profit Margin | 21.41% | 23.68% |
Selling, General & Admin | $87.00M | $115.0M |
YoY Change | -24.35% | -9.45% |
% of Gross Profit | 30.21% | 24.73% |
Research & Development | $5.000M | $7.000M |
YoY Change | -28.57% | -12.5% |
% of Gross Profit | 1.74% | 1.51% |
Depreciation & Amortization | $118.0M | $126.0M |
YoY Change | -6.35% | 13.51% |
% of Gross Profit | 40.97% | 27.1% |
Operating Expenses | $92.00M | $122.0M |
YoY Change | -24.59% | -9.63% |
Operating Profit | $200.0M | $400.0M |
YoY Change | -50.0% | 36.52% |
Interest Expense | $85.00M | $83.00M |
YoY Change | 2.41% | 3.75% |
% of Operating Profit | 42.5% | 20.75% |
Other Income/Expense, Net | -$76.00M | |
YoY Change | ||
Pretax Income | $124.0M | $328.0M |
YoY Change | -62.2% | 48.42% |
Income Tax | -$1.000M | $59.00M |
% Of Pretax Income | -0.81% | 17.99% |
Net Earnings | $144.0M | $291.0M |
YoY Change | -50.52% | 46.97% |
Net Earnings / Revenue | 10.71% | 14.82% |
Basic Earnings Per Share | $0.26 | $0.48 |
Diluted Earnings Per Share | $0.26 | $0.47 |
COMMON SHARES | ||
Basic Shares Outstanding | 516.6M shares | 586.1M shares |
Diluted Shares Outstanding | 519.8M shares | 589.8M shares |
Balance Sheet
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.121B | $845.0M |
YoY Change | 32.66% | -6.94% |
Cash & Equivalents | $1.117B | $845.0M |
Short-Term Investments | ||
Other Short-Term Assets | $244.0M | $1.222B |
YoY Change | -80.03% | 409.17% |
Inventory | $603.0M | $596.0M |
Prepaid Expenses | $82.00M | $106.0M |
Receivables | $537.0M | $590.0M |
Other Receivables | $12.00M | $37.00M |
Total Short-Term Assets | $2.517B | $3.290B |
YoY Change | -23.5% | 40.54% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $2.557B | $2.599B |
YoY Change | -1.62% | -61.36% |
Goodwill | $40.00M | $40.00M |
YoY Change | 0.0% | |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $176.0M | $188.0M |
YoY Change | -6.38% | -8.74% |
Other Assets | $274.0M | $419.0M |
YoY Change | -34.61% | -90.73% |
Total Long-Term Assets | $10.37B | $12.42B |
YoY Change | -16.51% | 7.34% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.517B | $3.290B |
Total Long-Term Assets | $10.37B | $12.42B |
Total Assets | $12.88B | $15.71B |
YoY Change | -17.97% | 12.93% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $343.0M | $335.0M |
YoY Change | 2.39% | -1.76% |
Accrued Expenses | $576.0M | $597.0M |
YoY Change | -3.52% | 30.63% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $0.00 | |
YoY Change | -100.0% | |
Total Short-Term Liabilities | $919.0M | $1.069B |
YoY Change | -14.03% | -0.93% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.891B | $4.891B |
YoY Change | 0.0% | 9.52% |
Other Long-Term Liabilities | $275.0M | $334.0M |
YoY Change | -17.66% | -86.19% |
Total Long-Term Liabilities | $5.166B | $5.225B |
YoY Change | -1.13% | -24.11% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $919.0M | $1.069B |
Total Long-Term Liabilities | $5.166B | $5.225B |
Total Liabilities | $7.958B | $8.563B |
YoY Change | -7.07% | 7.01% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.428B | $495.0M |
YoY Change | 188.48% | 41.43% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.925B | $7.092B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $12.88B | $15.71B |
YoY Change | -17.97% | 12.93% |
Cashflow Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $144.0M | $291.0M |
YoY Change | -50.52% | 46.97% |
Depreciation, Depletion And Amortization | $118.0M | $126.0M |
YoY Change | -6.35% | 13.51% |
Cash From Operating Activities | $356.0M | $322.0M |
YoY Change | 10.56% | -13.9% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$108.0M | -$94.00M |
YoY Change | 14.89% | 70.91% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $16.00M | $1.000M |
YoY Change | 1500.0% | -96.15% |
Cash From Investing Activities | -$92.00M | -$93.00M |
YoY Change | -1.08% | 220.69% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -301.0M | -101.0M |
YoY Change | 198.02% | -107.33% |
NET CHANGE | ||
Cash From Operating Activities | 356.0M | 322.0M |
Cash From Investing Activities | -92.00M | -93.00M |
Cash From Financing Activities | -301.0M | -101.0M |
Net Change In Cash | -37.00M | 128.0M |
YoY Change | -128.91% | -92.57% |
FREE CASH FLOW | ||
Cash From Operating Activities | $356.0M | $322.0M |
Capital Expenditures | -$108.0M | -$94.00M |
Free Cash Flow | $464.0M | $416.0M |
YoY Change | 11.54% | -3.03% |
Facts In Submission
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Q2 | ||
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Document Fiscal Year Focus
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2015 | ||
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Document Period End Date
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2015-06-30 | ||
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10-Q | ||
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CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
328000000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
562000000 | USD | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
157000000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
277000000 | USD | |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
269000000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
453000000 | USD | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
144000000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
245000000 | USD | |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.44 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.73 | ||
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.26 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.43 | ||
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.43 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.73 | ||
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.26 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.43 | ||
CY2014Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
22000000 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
32000000 | USD | |
CY2014Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
22000000 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
32000000 | USD | |
CY2015Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD | |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
59000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
109000000 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
32000000 | USD | |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
64000000 | USD |
us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
120000000 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
13000000 | USD |
us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
32000000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-45000000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
5000000 | USD | |
CY2014Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
25000000 | USD |
CY2015Q2 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
12000000 | USD |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-97000000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-25000000 | USD | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-8000000 | USD | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
0 | USD | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-64000000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-14000000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
54000000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
15000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
20000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
16000000 | USD | |
us-gaap |
Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
-6000000 | USD | |
us-gaap |
Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
0 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
0 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
2000000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
48000000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
26000000 | USD | |
CY2014Q2 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
11000000 | USD |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
20000000 | USD | |
CY2015Q2 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
2000000 | USD |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
5000000 | USD | |
CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
83000000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
166000000 | USD | |
CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
88000000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
171000000 | USD | |
us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
10000000 | USD | |
us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
3000000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
153000000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
172000000 | USD | |
CY2014Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
105000000 | USD |
CY2015Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
103000000 | USD |
CY2014Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
120000000 | USD |
CY2015Q2 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
118000000 | USD |
CY2014Q4 | us-gaap |
Inventory Net
InventoryNet
|
595000000 | USD |
CY2015Q2 | us-gaap |
Inventory Net
InventoryNet
|
603000000 | USD |
CY2014Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
188000000 | USD |
CY2015Q2 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
176000000 | USD |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
8153000000 | USD |
CY2015Q2 | us-gaap |
Liabilities
Liabilities
|
7958000000 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
13457000000 | USD |
CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
12883000000 | USD |
CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
918000000 | USD |
wy |
Real Estate And Land
RealEstateAndLand
|
0 | USD | |
CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
919000000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4891000000 | USD |
CY2015Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
4891000000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4891000000 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
4891000000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-219000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-691000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-139000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-211000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
431000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
443000000 | USD | |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
291000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
485000000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
144000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
245000000 | USD | |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
280000000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
463000000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
133000000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
223000000 | USD | |
CY2014Q4 | us-gaap |
Non Recourse Debt
NonRecourseDebt
|
511000000 | USD |
CY2015Q2 | us-gaap |
Non Recourse Debt
NonRecourseDebt
|
511000000 | USD |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
400000000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
708000000 | USD | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
243000000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
443000000 | USD | |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
82000000 | USD |
CY2015Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
106000000 | USD |
CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
289000000 | USD |
CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
274000000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
1000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
27000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
8000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
19000000 | USD | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
21000000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1000000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
12000000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-35000000 | USD | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
38000000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
23000000 | USD | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
56000000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
70000000 | USD | |
CY2014Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
308000000 | USD |
CY2015Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
275000000 | USD |
CY2014Q2 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
-2000000 | USD |
us-gaap |
Other Operating Income
OtherOperatingIncome
|
12000000 | USD | |
CY2015Q2 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
-7000000 | USD |
us-gaap |
Other Operating Income
OtherOperatingIncome
|
-3000000 | USD | |
CY2014Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
65000000 | USD |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
140000000 | USD | |
CY2015Q2 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
15000000 | USD |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
0 | USD | |
CY2014Q2 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
1000000 | USD |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
3000000 | USD | |
CY2015Q2 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
0 | USD |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
1000000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
25000000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
27000000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-12000000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
407000000 | USD | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
7000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
257000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
301000000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
11000000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
11000000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
134000000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
170000000 | USD | |
us-gaap |
Payments To Acquire Timberlands
PaymentsToAcquireTimberlands
|
0 | USD | |
us-gaap |
Payments To Acquire Timberlands
PaymentsToAcquireTimberlands
|
32000000 | USD | |
CY2014Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
1319000000 | USD |
CY2015Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
1166000000 | USD |
us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
63000000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
39000000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
-91000000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
21000000 | USD | |
CY2014Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
47000000 | USD |
CY2015Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
47000000 | USD |
CY2014Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
11000000 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
22000000 | USD | |
CY2015Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
11000000 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
22000000 | USD | |
CY2014Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
14000000 | USD |
CY2015Q2 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
14000000 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
80000000 | USD |
CY2015Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
82000000 | USD |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
887000000 | USD | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-887000000 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
20000000 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
6000000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
54000000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
25000000 | USD | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2623000000 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2557000000 | USD |
CY2014Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
525000000 | USD |
CY2015Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
537000000 | USD |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-94000000 | USD | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-62000000 | USD | |
us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
-32000000 | USD | |
CY2014Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
7000000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
14000000 | USD | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6000000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
11000000 | USD | |
CY2014Q4 | us-gaap |
Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
|
615000000 | USD |
CY2015Q2 | us-gaap |
Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
|
615000000 | USD |
CY2014Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
7000000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
26000000 | USD | |
CY2015Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
1000000 | USD | |
CY2014Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
10000000 | USD |
CY2015Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
3000000 | USD |
CY2014Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
8000000 | USD |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
27000000 | USD | |
CY2015Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
0 | USD |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
14000000 | USD | |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1508000000 | USD |
CY2015Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1428000000 | USD |
CY2014Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1964000000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
3700000000 | USD | |
CY2015Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1807000000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
3528000000 | USD | |
CY2014Q2 | us-gaap |
Selling Expense
SellingExpense
|
27000000 | USD |
us-gaap |
Selling Expense
SellingExpense
|
55000000 | USD | |
CY2015Q2 | us-gaap |
Selling Expense
SellingExpense
|
28000000 | USD |
us-gaap |
Selling Expense
SellingExpense
|
56000000 | USD | |
CY2014Q2 | us-gaap |
Severance Costs1
SeveranceCosts1
|
6000000 | USD |
us-gaap |
Severance Costs1
SeveranceCosts1
|
23000000 | USD | |
CY2015Q2 | us-gaap |
Severance Costs1
SeveranceCosts1
|
0 | USD |
us-gaap |
Severance Costs1
SeveranceCosts1
|
0 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
20000000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
16000000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
1626146 | shares | |
CY2015Q2 | wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
|
44000000 | USD |
wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
|
106000000 | USD | |
CY2015Q2 | wy |
Pension Plan Adjustment For Net Funded Status
PensionPlanAdjustmentForNetFundedStatus
|
32000000 | USD |
CY2014Q3 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
59000000 | shares |
CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5304000000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4925000000 | USD |
CY2014Q4 | us-gaap |
Timber And Timberlands
TimberAndTimberlands
|
6530000000 | USD |
CY2015Q2 | us-gaap |
Timber And Timberlands
TimberAndTimberlands
|
6531000000 | USD |
CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
589766000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
589542000 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
519804000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
523595000 | shares | |
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
586061000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
585491000 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
516626000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
520008000 | shares | |
CY2014Q2 | wy |
Changes In Unamortized Net Pension And Other Postretirement Benefit Loss Tax Expense Benefit
ChangesInUnamortizedNetPensionAndOtherPostretirementBenefitLossTaxExpenseBenefit
|
18000000 | USD |
wy |
Changes In Unamortized Net Pension And Other Postretirement Benefit Loss Tax Expense Benefit
ChangesInUnamortizedNetPensionAndOtherPostretirementBenefitLossTaxExpenseBenefit
|
33000000 | USD | |
CY2015Q2 | wy |
Changes In Unamortized Net Pension And Other Postretirement Benefit Loss Tax Expense Benefit
ChangesInUnamortizedNetPensionAndOtherPostretirementBenefitLossTaxExpenseBenefit
|
24000000 | USD |
wy |
Changes In Unamortized Net Pension And Other Postretirement Benefit Loss Tax Expense Benefit
ChangesInUnamortizedNetPensionAndOtherPostretirementBenefitLossTaxExpenseBenefit
|
50000000 | USD | |
CY2014Q2 | wy |
Changes In Unamortized Prior Service Credit Tax Expense Benefit
ChangesInUnamortizedPriorServiceCreditTaxExpenseBenefit
|
-13000000 | USD |
wy |
Changes In Unamortized Prior Service Credit Tax Expense Benefit
ChangesInUnamortizedPriorServiceCreditTaxExpenseBenefit
|
-30000000 | USD | |
CY2015Q2 | wy |
Changes In Unamortized Prior Service Credit Tax Expense Benefit
ChangesInUnamortizedPriorServiceCreditTaxExpenseBenefit
|
1000000 | USD |
wy |
Changes In Unamortized Prior Service Credit Tax Expense Benefit
ChangesInUnamortizedPriorServiceCreditTaxExpenseBenefit
|
1000000 | USD | |
CY2015Q2 | wy |
Defined Benefit Plan Benefit Obligation Percentage Period Increase Decrease
DefinedBenefitPlanBenefitObligationPercentagePeriodIncreaseDecrease
|
0.01 | Rate |
CY2015Q2 | wy |
Definedbenefitplanfairvalueofplanasetspercentageperiodincreasedecrease
Definedbenefitplanfairvalueofplanasetspercentageperiodincreasedecrease
|
0.01 | Rate |
CY2014Q2 | wy |
Income Loss Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
355000000 | USD |
wy |
Income Loss Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
605000000 | USD | |
CY2015Q2 | wy |
Income Loss Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
157000000 | USD |
wy |
Income Loss Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
277000000 | USD | |
CY2014Q2 | wy |
Interest Expense Including Continuingand Discontinued Operations
InterestExpenseIncludingContinuingandDiscontinuedOperations
|
85000000 | USD |
wy |
Interest Expense Including Continuingand Discontinued Operations
InterestExpenseIncludingContinuingandDiscontinuedOperations
|
168000000 | USD | |
CY2015Q2 | wy |
Interest Expense Including Continuingand Discontinued Operations
InterestExpenseIncludingContinuingandDiscontinuedOperations
|
88000000 | USD |
wy |
Interest Expense Including Continuingand Discontinued Operations
InterestExpenseIncludingContinuingandDiscontinuedOperations
|
171000000 | USD | |
CY2014Q2 | wy |
Land Management Income
LandManagementIncome
|
9000000 | USD |
wy |
Land Management Income
LandManagementIncome
|
16000000 | USD | |
CY2015Q2 | wy |
Land Management Income
LandManagementIncome
|
10000000 | USD |
wy |
Land Management Income
LandManagementIncome
|
18000000 | USD | |
CY2014Q2 | wy |
Net Contribution To Earnings
NetContributionToEarnings
|
440000000 | USD |
wy |
Net Contribution To Earnings
NetContributionToEarnings
|
773000000 | USD | |
CY2015Q2 | wy |
Net Contribution To Earnings
NetContributionToEarnings
|
245000000 | USD |
wy |
Net Contribution To Earnings
NetContributionToEarnings
|
448000000 | USD | |
CY2014Q2 | wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
|
-14000000 | USD |
wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
|
-43000000 | USD | |
CY2015Q2 | wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
|
0 | USD |
wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetpriorservicecreditcostarisingduringperiodandamortizationofnetpriorservicecostrecognizedinnetperiodicpensioncostnetoftax
|
-2000000 | USD | |
CY2014Q2 | wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
|
31000000 | USD |
wy |
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
Othercomprehensiveincomelosspensionandotherpostretirementbenefitplansnetunamortizedgainlossarisingduringperiodandreclassificationofnetgainlossrecognizedinnetperiodperiodicbenefitcostnetoftax
|
67000000 | USD | |
wy |
Real Estate And Land
RealEstateAndLand
|
107000000 | USD | |
wy |
Weighted Average Assumptions Used In Estimating Value Of Performance Share Units Granted
WeightedAverageAssumptionsUsedInEstimatingValueOfPerformanceShareUnitsGranted
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:4px;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Weighted Average Assumptions Used in Estimating the Value of Performance Share Units Granted in </font><font style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">2015</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="79%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="3%" rowspan="1" colspan="1"></td><td width="7%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"> </font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Performance Share Units</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Performance period</font></div></td><td colspan="5" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1/1/2015 – 12/31/2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Valuation date closing stock price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">35.41</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected dividends</font></div></td><td colspan="5" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3.26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-bottom:2px;padding-top:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Risk-free rate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">–</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1.07</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected volatility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">16.04</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">–</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">20.89</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr></table></div></div></div> | ||
wy |
Weighted Average Assumptions Used To Remeasure Value Of Stock Appreciation Rights
WeightedAverageAssumptionsUsedToRemeasureValueOfStockAppreciationRights
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Weighted Average Assumptions Used to Remeasure the Value of Stock Appreciation Rights as of </font><font style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">June 30, 2015</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="84%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">JUNE 30, <br clear="none"/>2015</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected volatility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">19.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected dividends</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3.56</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected term (in years)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1.97</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Risk-free rate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.64</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Weighted average fair value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> |