XML 104 R90.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUPPLEMENTAL GUARANTOR AND NON-GUARANTOR CONSOLIDATED FINANCIAL STATEMENTS - Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jul. 01, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 25, 2015
Jun. 26, 2015
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Condensed consolidating statements of operations                      
Net sales $ 5,862,597 $ 6,114,999 $ 6,008,525 $ 5,876,813 $ 5,772,698 $ 6,763,177 $ 6,316,762 $ 5,566,248 $ 23,862,934 $ 24,418,885 $ 26,147,916
Cost of sales                 22,303,231 22,810,824 24,602,576
Restructuring charges                 38,758 0 0
Gross profit $ 384,804 $ 416,455 $ 313,691 $ 405,995 $ 406,337 $ 452,467 $ 396,916 $ 352,341 1,520,945 1,608,061 1,545,340
Selling, general and administrative expenses                 937,339 954,890 844,473
Intangible amortization                 81,396 65,965 32,035
Restructuring charges                 10,637 0 0
Interest and other, net                 120,725 132,531 (1,823)
Income before income taxes                 370,848 454,675 670,655
Provision for income taxes                 51,284 10,594 69,854
Net Income                 319,564 444,081 600,801
Income from continuing operations                     600,801
Eliminations                      
Condensed consolidating statements of operations                      
Net sales                 (9,887,106) (11,708,741) (12,411,997)
Cost of sales                 (9,887,106) (11,708,741) (12,411,997)
Restructuring charges                 0    
Equity in earnings in subsidiaries                 (112,531) (476,533) (1,646,867)
Net Income                 (112,531) (476,533) (1,646,867)
Income from continuing operations                     (1,646,867)
Parent | Reportable legal entities                      
Condensed consolidating statements of operations                      
Intangible amortization                 175 300 300
Interest and other, net                 (195,848) (191,859) 10,086
Income before income taxes                 195,673 191,559 (10,386)
Provision for income taxes                 11 26 0
Equity in earnings in subsidiaries                 123,902 252,548 611,187
Net Income                 319,564 444,081 600,801
Income from continuing operations                     600,801
Guarantor Subsidiaries | Reportable legal entities                      
Condensed consolidating statements of operations                      
Net sales                 15,909,037 16,841,405 19,016,750
Cost of sales                 14,375,249 15,278,265 17,502,863
Restructuring charges                 16,908    
Gross profit                 1,516,880 1,563,140 1,513,887
Selling, general and administrative expenses                 282,821 330,194 258,212
Intangible amortization                 5,967 3,598 3,808
Restructuring charges                 8,716    
Interest and other, net                 1,102,341 1,016,302 901,059
Income before income taxes                 117,035 213,046 350,808
Provision for income taxes                 23,629 (41,584) 14,143
Equity in earnings in subsidiaries                 (244,696) (173,846) 564,105
Net Income                 (151,290) 80,784 900,770
Income from continuing operations                     900,770
Non-Guarantor Subsidiaries | Reportable legal entities                      
Condensed consolidating statements of operations                      
Net sales                 17,841,003 19,286,221 19,543,163
Cost of sales                 17,815,088 19,241,300 19,511,710
Restructuring charges                 21,850    
Gross profit                 4,065 44,921 31,453
Selling, general and administrative expenses                 654,518 624,696 586,261
Intangible amortization                 75,254 62,067 27,927
Restructuring charges                 1,921    
Interest and other, net                 (785,768) (691,912) (912,968)
Income before income taxes                 58,140 50,070 330,233
Provision for income taxes                 27,644 52,152 55,711
Equity in earnings in subsidiaries                 233,325 397,831 471,575
Net Income                 $ 263,821 $ 395,749 746,097
Income from continuing operations                     $ 746,097