Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'CTSH | ' |
Entity Registrant Name | 'COGNIZANT TECHNOLOGY SOLUTIONS CORP | ' |
Entity Central Index Key | '0001058290 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 302,497,091 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Income Statement [Abstract] | ' | ' | ' | ' | ||||
Revenues | $2,305,723 | [1] | $1,891,688 | [1] | $6,487,701 | [1] | $5,398,257 | [1] |
Operating expenses: | ' | ' | ' | ' | ||||
Cost of revenues (exclusive of depreciation and amortization expense shown separately below) | 1,382,336 | 1,111,898 | 3,854,314 | 3,127,307 | ||||
Selling, general and administrative expenses | 443,376 | 384,951 | 1,277,106 | 1,155,900 | ||||
Depreciation and amortization expense | 42,652 | 39,453 | 126,212 | 109,807 | ||||
Income from operations | 437,359 | 355,386 | 1,230,069 | 1,005,243 | ||||
Other income (expense), net: | ' | ' | ' | ' | ||||
Interest income | 10,696 | 12,041 | 37,023 | 33,097 | ||||
Other, net | -8,857 | -3,044 | -30,314 | -16,588 | ||||
Total other income (expense), net | 1,839 | 8,997 | 6,709 | 16,509 | ||||
Income before provision for income taxes | 439,198 | 364,383 | 1,236,778 | 1,021,752 | ||||
Provision for income taxes | 119,571 | 87,482 | 332,532 | 249,268 | ||||
Net income | $319,627 | $276,901 | $904,246 | $772,484 | ||||
Basic earnings per share | $1.06 | $0.93 | $3 | $2.56 | ||||
Diluted earnings per share | $1.05 | $0.91 | $2.97 | $2.52 | ||||
Weighted average number of common shares outstanding - Basic | 301,632 | 299,058 | 301,719 | 301,571 | ||||
Dilutive effect of shares issuable under stock-based compensation plans | 2,643 | 4,074 | 2,913 | 4,984 | ||||
Weighted average number of common shares outstanding - Diluted | 304,275 | 303,132 | 304,632 | 306,555 | ||||
[1] | Revenues are attributed to regions based upon customer location. |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Other Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $319,627 | $276,901 | $904,246 | $772,484 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Foreign currency translation adjustments | 25,346 | 6,669 | 5,183 | 8,923 |
Change in unrealized loss on cash flow hedges, net of tax | -77,067 | 198,549 | -139,156 | 124,863 |
Change in unrealized gains and losses on available-for-sale securities, net of tax | 1,234 | 1,480 | -1,433 | 1,565 |
Other comprehensive income (loss) | -50,487 | 206,698 | -135,406 | 135,351 |
Comprehensive income | $269,140 | $483,599 | $768,840 | $907,835 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements Of Financial Position (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
Assets | ' | ' | ||
Cash and cash equivalents | $2,031,119,000 | $1,570,077,000 | ||
Short-term investments | 1,329,480,000 | 1,293,681,000 | ||
Trade accounts receivable, net of allowances of $31,344 and $25,816, respectively | 1,637,126,000 | 1,345,661,000 | ||
Unbilled accounts receivable | 254,060,000 | 183,085,000 | ||
Deferred income tax assets, net | 268,635,000 | 201,894,000 | ||
Other current assets | 218,785,000 | 219,896,000 | ||
Total current assets | 5,739,205,000 | 4,814,294,000 | ||
Property and equipment, net of accumulated depreciation of $680,664 and $573,792, respectively | 1,011,803,000 | [1] | 971,486,000 | [1] |
Goodwill | 417,959,000 | 309,185,000 | ||
Intangible assets, net | 118,141,000 | 87,475,000 | ||
Deferred income tax assets, net | 160,746,000 | 178,824,000 | ||
Other noncurrent assets | 169,295,000 | 160,307,000 | ||
Total assets | 7,617,149,000 | 6,521,571,000 | ||
Liabilities and Stockholders' Equity | ' | ' | ||
Accounts payable | 114,825,000 | 108,707,000 | ||
Deferred revenue | 141,937,000 | 149,696,000 | ||
Accrued expenses and other current liabilities | 1,345,276,000 | 1,118,927,000 | ||
Total current liabilities | 1,602,038,000 | 1,377,330,000 | ||
Deferred income tax liabilities, net | 14,794,000 | 2,777,000 | ||
Other noncurrent liabilities | 352,041,000 | 287,081,000 | ||
Total liabilities | 1,968,873,000 | 1,667,188,000 | ||
Commitments and contingencies (See Note 8) | 0 | 0 | ||
Stockholders' Equity: | ' | ' | ||
Preferred stock, $.10 par value, 15,000 shares authorized, none issued | 0 | 0 | ||
Class A common stock, $.01 par value, 1,000,000 shares authorized, 302,369 and 301,680 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 3,024,000 | 3,017,000 | ||
Additional paid-in capital | 482,306,000 | 457,260,000 | ||
Retained earnings | 5,538,035,000 | 4,633,789,000 | ||
Accumulated other comprehensive income (loss) | -375,089,000 | -239,683,000 | ||
Total stockholders’ equity | 5,648,276,000 | 4,854,383,000 | ||
Total liabilities and stockholders’ equity | $7,617,149,000 | $6,521,571,000 | ||
[1] | Long-lived assets include property and equipment, net of accumulated depreciation and amortization. |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements Of Financial Position (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Trade accounts receivable, allowances | $31,344 | $25,816 |
Property and equipment, accumulated depreciation | $680,664 | $573,792 |
Preferred stock, par value | $0.10 | $0.10 |
Preferred stock, shares authorized | 15,000,000 | 15,000,000 |
Preferred stock, issued | 0 | 0 |
Class A common stock, par value | $0.01 | $0.01 |
Class A common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Class A common stock, shares issued | 302,369,000 | 301,680,000 |
Class A common stock, shares outstanding | 302,369,000 | 301,680,000 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $904,246 | $772,484 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 132,013 | 115,424 |
Provision for doubtful accounts | 5,985 | 4,348 |
Deferred income taxes | -22,844 | -61,890 |
Stock-based compensation expense | 86,353 | 79,911 |
Excess tax benefits on stock-based compensation plans | -16,450 | -24,960 |
Other | 52,171 | -4,382 |
Changes in assets and liabilities: | ' | ' |
Trade accounts receivable | -273,502 | -184,537 |
Other current assets | -56,647 | -8,069 |
Other noncurrent assets | -9,604 | -18,691 |
Accounts payable | 3,251 | 39,386 |
Other current and noncurrent liabilities | 112,931 | 101,699 |
Net cash provided by operating activities | 917,903 | 810,723 |
Cash flows from investing activities: | ' | ' |
Purchases of property and equipment | -154,346 | -208,716 |
Purchases of investments | -1,368,812 | -1,179,674 |
Proceeds from maturity or sale of investments | 1,297,258 | 1,002,952 |
Business combinations, net of cash acquired | -152,476 | -43,896 |
Net cash (used in) investing activities | -378,376 | -429,334 |
Cash flows from financing activities: | ' | ' |
Issuance of common stock under stock-based compensation plans | 76,837 | 91,883 |
Excess tax benefits on stock-based compensation plans | 16,450 | 24,960 |
Repurchases of common stock | -154,336 | -483,895 |
Net cash (used in) financing activities | -61,049 | -367,052 |
Effect of exchange rate changes on cash and cash equivalents | -17,436 | -504 |
Increase in cash and cash equivalents | 461,042 | 13,833 |
Cash and cash equivalents, beginning of year | 1,570,077 | 1,310,906 |
Cash and cash equivalents, end of period | $2,031,119 | $1,324,739 |
Interim_Condensed_Consolidated
Interim Condensed Consolidated Financial Statements | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Interim Condensed Consolidated Financial Statements | ' |
Interim Condensed Consolidated Financial Statements | |
The terms “Cognizant,” “we,” “our,” “us” and “Company” refer to Cognizant Technology Solutions Corporation unless the context indicates otherwise. We have prepared the accompanying unaudited condensed consolidated financial statements included herein in accordance with generally accepted accounting principles in the United States of America, or U.S. GAAP, and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements (and notes thereto) included in our Annual Report on Form 10-K for the year ended December 31, 2012. In our opinion, all adjustments considered necessary for a fair presentation of the accompanying unaudited condensed consolidated financial statements have been included, and all adjustments are of a normal and recurring nature. Operating results for the interim periods are not necessarily indicative of results that may be expected to occur for the entire year. | |
In May 2013, our Board of Directors approved an expansion of our stock repurchase program, increasing the Company’s stock repurchase authorization under the program from $1,000,000 to $1,500,000 and extending the term of the stock repurchase program from December 31, 2013 to December 31, 2014. | |
During the nine months ended September 30, 2013, we repurchased 2,045,592 shares of our Class A common stock for $131,561, inclusive of fees and expenses, under our existing stock repurchase program approved by our Board of Directors. |
Business_Combination
Business Combination | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Business Combinations [Abstract] | ' | |||||
Business Combination | ' | |||||
Business Combinations | ||||||
During the nine months ended September 30, 2013, we completed two business combinations for total cash consideration of approximately $146,600 (net of cash acquired). These transactions strengthen our local presence in Germany and Switzerland, and expand our expertise in enterprise application services and high-end testing services, as well as broaden our business process outsourcing capabilities within finance and accounting. As part of these business combinations, we acquired customer relationship assets, assembled workforces, a software platform and other assets. | ||||||
These acquisitions were included in our unaudited condensed consolidated financial statements as of the date on which the businesses were acquired and were not material to our operations, financial position or cash flow. We have allocated the purchase price related to these transactions to tangible and intangible assets and liabilities, including non-deductible goodwill, based on their fair values as described in the table below: | ||||||
Fair Value | Useful Life | |||||
Total consideration, net of cash acquired | $ | 146,600 | ||||
Purchase price allocated to: | ||||||
Non-deductible goodwill | 105,801 | |||||
Customer relationship intangible asset | 43,831 | 10 years | ||||
Other intangible assets | 3,067 | 2-5 years | ||||
The primary items that generated the aforementioned goodwill are the value of the synergies between the acquired companies and us and the acquired assembled workforces, neither of which qualify as an amortizable intangible asset. |
Investments
Investments | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investments | ' | |||||||||||||||||||||||
Investments | ||||||||||||||||||||||||
Our investments were as follows: | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||
Available-for-sale investment securities: | ||||||||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 532,709 | $ | 551,236 | ||||||||||||||||||||
Corporate and other debt securities | 257,341 | 294,556 | ||||||||||||||||||||||
Asset-backed securities | 157,021 | 97,112 | ||||||||||||||||||||||
Municipal debt securities | 85,135 | 47,292 | ||||||||||||||||||||||
Mutual funds | 21,124 | 21,150 | ||||||||||||||||||||||
Total available-for-sale investment securities | 1,053,330 | 1,011,346 | ||||||||||||||||||||||
Time deposits | 276,150 | 282,335 | ||||||||||||||||||||||
Total investments | $ | 1,329,480 | $ | 1,293,681 | ||||||||||||||||||||
Our available-for-sale investment securities consist of U.S. dollar denominated investments primarily in U.S. Treasury notes, U.S. government agency debt securities, municipal debt securities, non-U.S. government debt securities, U.S. and international corporate bonds, certificates of deposit, commercial paper, debt securities issued by supranational institutions, mutual funds invested in fixed income securities, and asset-backed securities, including Government National Mortgage Association (GNMA) mortgage backed securities and securities backed by auto loans, credit card receivables, and other receivables. Our investment guidelines are to purchase securities which are investment grade at the time of acquisition. We monitor the credit ratings of the securities in our portfolio on an ongoing basis. The carrying value of the time deposits approximated fair value as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||
Available-for-Sale Investment Securities | ||||||||||||||||||||||||
The amortized cost, gross unrealized gains and losses and fair value of available-for-sale investment securities at September 30, 2013 were as follows: | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 531,960 | $ | 881 | $ | (132 | ) | $ | 532,709 | |||||||||||||||
Corporate and other debt securities | 256,515 | 1,026 | (200 | ) | 257,341 | |||||||||||||||||||
Asset-backed securities | 157,329 | 91 | (399 | ) | 157,021 | |||||||||||||||||||
Municipal debt securities | 84,967 | 207 | (39 | ) | 85,135 | |||||||||||||||||||
Mutual funds | 22,340 | 191 | (1,407 | ) | 21,124 | |||||||||||||||||||
Total available-for-sale investment securities | $ | 1,053,111 | $ | 2,396 | $ | (2,177 | ) | $ | 1,053,330 | |||||||||||||||
The amortized cost, gross unrealized gains and losses and fair value of available-for-sale investment securities at December 31, 2012 were as follows: | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 550,317 | $ | 972 | $ | (53 | ) | $ | 551,236 | |||||||||||||||
Corporate and other debt securities | 292,736 | 1,842 | (22 | ) | 294,556 | |||||||||||||||||||
Asset-backed securities | 97,004 | 237 | (129 | ) | 97,112 | |||||||||||||||||||
Municipal debt securities | 47,266 | 93 | (67 | ) | 47,292 | |||||||||||||||||||
Mutual funds | 21,583 | — | (433 | ) | 21,150 | |||||||||||||||||||
Total available-for-sale investment securities | $ | 1,008,906 | $ | 3,144 | $ | (704 | ) | $ | 1,011,346 | |||||||||||||||
The fair value and related unrealized losses of available-for-sale investment securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer were as follows as of September 30, 2013: | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 101,426 | $ | (132 | ) | $ | — | $ | — | $ | 101,426 | $ | (132 | ) | ||||||||||
Corporate and other debt securities | 61,887 | (200 | ) | — | — | 61,887 | (200 | ) | ||||||||||||||||
Asset-backed securities | 84,375 | (386 | ) | 4,567 | (13 | ) | 88,942 | (399 | ) | |||||||||||||||
Municipal debt securities | 13,967 | (30 | ) | 1,032 | (9 | ) | 14,999 | (39 | ) | |||||||||||||||
Mutual funds | — | — | 20,260 | (1,407 | ) | 20,260 | (1,407 | ) | ||||||||||||||||
Total | $ | 261,655 | $ | (748 | ) | $ | 25,859 | $ | (1,429 | ) | $ | 287,514 | $ | (2,177 | ) | |||||||||
The fair value and related unrealized losses of available-for-sale investment securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer were as follows as of December 31, 2012: | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 120,118 | $ | (53 | ) | $ | — | $ | — | $ | 120,118 | $ | (53 | ) | ||||||||||
Corporate and other debt securities | 25,662 | (21 | ) | 699 | (1 | ) | 26,361 | (22 | ) | |||||||||||||||
Asset-backed securities | 27,180 | (93 | ) | 1,499 | (36 | ) | 28,679 | (129 | ) | |||||||||||||||
Municipal debt securities | 7,908 | (32 | ) | 696 | (35 | ) | 8,604 | (67 | ) | |||||||||||||||
Mutual funds | 21,150 | (433 | ) | — | — | 21,150 | (433 | ) | ||||||||||||||||
Total | $ | 202,018 | $ | (632 | ) | $ | 2,894 | $ | (72 | ) | $ | 204,912 | $ | (704 | ) | |||||||||
The unrealized losses for the above securities as of September 30, 2013 and December 31, 2012 are primarily attributable to changes in interest rates. As of September 30, 2013, we do not consider any of the investments to be other-than-temporarily impaired. The gross unrealized gains and losses in the above tables were recorded, net of tax, in accumulated other comprehensive income (loss). | ||||||||||||||||||||||||
The contractual maturities of our fixed income available-for-sale investment securities as of September 30, 2013 are set forth in the following table: | ||||||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||||||
Cost | Value | |||||||||||||||||||||||
Due within one year | $ | 108,385 | $ | 108,565 | ||||||||||||||||||||
Due after one year up to two years | 402,345 | 403,330 | ||||||||||||||||||||||
Due after two years up to three years | 334,040 | 334,525 | ||||||||||||||||||||||
Due after three years up to four years | 28,672 | 28,765 | ||||||||||||||||||||||
Asset-backed securities | 157,329 | 157,021 | ||||||||||||||||||||||
Fixed income available-for-sale investment securities | $ | 1,030,771 | $ | 1,032,206 | ||||||||||||||||||||
Asset-backed securities were excluded from the maturity categories because the actual maturities may differ from the contractual maturities since the underlying receivables may be prepaid without penalties. Further, actual maturities of debt securities may differ from those presented above since certain obligations provide the issuer the right to call or prepay the obligation prior to scheduled maturity without penalty. | ||||||||||||||||||||||||
Proceeds from sales of available-for-sale investment securities and the gross gains and losses that have been included in earnings as a result of those sales were as follows: | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Proceeds from sales of available-for-sale investment securities | $ | 211,696 | $ | 207,229 | $ | 871,696 | $ | 559,095 | ||||||||||||||||
Gross gains | $ | 315 | $ | 870 | $ | 1,530 | $ | 1,857 | ||||||||||||||||
Gross losses | (166 | ) | — | (553 | ) | (335 | ) | |||||||||||||||||
Net realized gains on sales of available-for-sale investment securities | $ | 149 | $ | 870 | $ | 977 | $ | 1,522 | ||||||||||||||||
Accrued_Expenses_And_Other_Cur
Accrued Expenses And Other Current Liabilities | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accrued Expenses And Other Current Liabilities [Abstract] | ' | |||||||
Accrued Expenses And Other Current Liabilities | ' | |||||||
Accrued Expenses and Other Current Liabilities | ||||||||
Accrued expenses and other current liabilities were as follows: | ||||||||
30-Sep-13 | 31-Dec-12 | |||||||
Compensation and benefits | $ | 755,979 | $ | 661,816 | ||||
Income taxes | 34,385 | 29,570 | ||||||
Professional fees | 37,643 | 35,366 | ||||||
Travel and entertainment | 31,435 | 26,417 | ||||||
Customer volume incentives | 150,777 | 142,945 | ||||||
Derivative financial instruments | 226,117 | 130,923 | ||||||
Deferred income taxes | 83 | 454 | ||||||
Other | 108,857 | 91,436 | ||||||
Total accrued expenses and other current liabilities | $ | 1,345,276 | $ | 1,118,927 | ||||
Income_Taxes
Income Taxes | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
Our Indian subsidiaries, collectively referred to as Cognizant India, are primarily export-oriented and are eligible for certain income tax holiday benefits granted by the government of India for export activities conducted within Special Economic Zones, or SEZs, for periods of up to 15 years. Our Indian operations outside of SEZs are subject to corporate income tax at the applicable statutory rate. In addition, all Indian profits, including those generated within SEZs, are subject to the Minimum Alternative Tax, or MAT, at the current rate of 20.0%. Any MAT paid is creditable against future Indian corporate income tax, subject to limitations. | ||||||||||||
Our effective income tax rates were as follows: | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Effective income tax rate | 27.2 | % | 24 | % | 26.9 | % | 24.4 | % | ||||
For the 2013 and 2012 periods, the principal difference between our effective income tax rates and the U.S. federal statutory rate is the effect of the Indian tax holiday and earnings taxed in countries that have lower rates than the United States. In 2013, our effective income tax rates increased primarily due to a shift in the geographic mix of our current year earnings towards countries with higher statutory rates, an increase of the India statutory rate effective April 1, 2013, and a scheduled reduction of certain income tax holiday benefits in India in 2013. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Fair Value Measurements | ||||||||||||||||
We measure our cash equivalents, investments and foreign exchange forward contracts at fair value. The authoritative guidance defines fair value as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance also establishes a fair value hierarchy that is intended to increase consistency and comparability in fair value measurements and related disclosures. The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing based upon their own market assumptions. | ||||||||||||||||
The fair value hierarchy consists of the following three levels: | ||||||||||||||||
• | Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities. | |||||||||||||||
• | Level 2 – Inputs are quoted prices for similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market-corroborated inputs which are derived principally from or corroborated by observable market data. | |||||||||||||||
• | Level 3 – Inputs are derived from valuation techniques in which one or more significant inputs or value drivers are unobservable. | |||||||||||||||
The following table summarizes our financial assets and (liabilities) measured at fair value on a recurring basis as of September 30, 2013: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash equivalents: | ||||||||||||||||
Money market funds | $ | 628,749 | $ | — | $ | — | $ | 628,749 | ||||||||
Total cash equivalents | 628,749 | — | — | 628,749 | ||||||||||||
Investments: | ||||||||||||||||
Time deposits | — | 276,150 | — | 276,150 | ||||||||||||
Available-for-sale investment securities: | ||||||||||||||||
U.S. Treasury and agency debt securities | 415,911 | 116,798 | — | 532,709 | ||||||||||||
Corporate and other debt securities | — | 257,341 | — | 257,341 | ||||||||||||
Asset-backed securities | — | 157,021 | — | 157,021 | ||||||||||||
Municipal debt securities | — | 85,135 | — | 85,135 | ||||||||||||
Mutual funds | — | 21,124 | — | 21,124 | ||||||||||||
Total available-for-sale investment securities | 415,911 | 637,419 | — | 1,053,330 | ||||||||||||
Total investments | 415,911 | 913,569 | — | 1,329,480 | ||||||||||||
Derivative financial instruments - foreign exchange forward contracts: | ||||||||||||||||
Other current assets | — | 17,425 | — | 17,425 | ||||||||||||
Accrued expenses and other current liabilities | — | (226,117 | ) | — | (226,117 | ) | ||||||||||
Other noncurrent liabilities | — | (237,627 | ) | — | (237,627 | ) | ||||||||||
Total | $ | 1,044,660 | $ | 467,250 | $ | — | $ | 1,511,910 | ||||||||
The following table summarizes our financial assets and (liabilities) measured at fair value on a recurring basis as of December 31, 2012: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash equivalents: | ||||||||||||||||
Money market funds | $ | 411,512 | $ | — | $ | — | $ | 411,512 | ||||||||
Time deposits | — | 300,770 | — | 300,770 | ||||||||||||
Commercial paper | — | 7,918 | — | 7,918 | ||||||||||||
Total cash equivalents | 411,512 | 308,688 | — | 720,200 | ||||||||||||
Investments: | ||||||||||||||||
Time deposits | — | 282,335 | — | 282,335 | ||||||||||||
Available-for-sale investment securities: | ||||||||||||||||
U.S. Treasury and agency debt securities | 392,067 | 159,169 | — | 551,236 | ||||||||||||
Corporate and other debt securities | — | 294,556 | — | 294,556 | ||||||||||||
Asset-backed securities | — | 97,112 | — | 97,112 | ||||||||||||
Municipal debt securities | — | 47,292 | — | 47,292 | ||||||||||||
Mutual funds | — | 21,150 | — | 21,150 | ||||||||||||
Total available-for-sale investment securities | 392,067 | 619,279 | — | 1,011,346 | ||||||||||||
Total investments | 392,067 | 901,614 | — | 1,293,681 | ||||||||||||
Derivative financial instruments - foreign exchange forward contracts: | ||||||||||||||||
Other current assets | — | 1,344 | — | 1,344 | ||||||||||||
Accrued expenses and other current liabilities | — | (130,923 | ) | — | (130,923 | ) | ||||||||||
Other noncurrent assets | — | 3,436 | — | 3,436 | ||||||||||||
Other noncurrent liabilities | — | (175,628 | ) | — | (175,628 | ) | ||||||||||
Total | $ | 803,579 | $ | 908,531 | $ | — | $ | 1,712,110 | ||||||||
We measure the fair value of money market funds and U.S. Treasury securities based on quoted prices in active markets for identical assets. The fair value of commercial paper, certificates of deposit, U.S. government agency securities, municipal debt securities, U.S. and international corporate bonds and foreign government debt securities is measured based on relevant trade data, dealer quotes, or model driven valuations using significant inputs derived from or corroborated by observable market data, such as yield curves and credit spreads. We measure the fair value of our asset-backed securities using model driven valuations based on significant inputs derived from or corroborated by observable market data such as dealer quotes, available trade information, spread data, current market assumptions on prepayment speeds and defaults and historical data on deal collateral performance. The value of the mutual funds invested in fixed income securities is based on the net asset value, or NAV, of the fund, with appropriate consideration of the liquidity and any restrictions on disposition of our investment in the fund. | ||||||||||||||||
We estimate the fair value of each foreign exchange forward contract by using a present value of expected cash flows model. This model calculates the difference between the current market forward price and the contracted forward price for each foreign exchange contract and applies the difference in the rates to each outstanding contract. The market forward rates include a discount and credit risk factor. The amounts are aggregated by type of contract and maturity. | ||||||||||||||||
During the nine months ended September 30, 2013 and the year ended December 31, 2012, there were no transfers among Level 1, Level 2, or Level 3 financial assets and liabilities. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||
In the normal course of business, we use foreign exchange forward contracts to manage foreign currency exchange rate risk. The estimated fair value of the foreign exchange forward contracts considers the following items: discount rate, timing and amount of cash flow and counterparty credit risk. Derivatives may give rise to credit risks from the possible non-performance by counterparties. Credit risk is generally limited to the fair value of those contracts that are favorable to us. We have limited our credit risk by entering into derivative transactions only with highly-rated global financial institutions, limiting the amount of credit exposure with any one financial institution and conducting ongoing evaluation of the creditworthiness of the financial institutions with which we do business. In addition, all the assets and liabilities related to our foreign exchange forward contracts set forth in the below table are subject to International Swaps and Derivatives Association, or ISDA, master netting arrangements or other similar agreements with each individual counterparty. These master netting arrangements generally provide for net settlement of all outstanding contracts with the counterparty in the case of an event of default or a termination event. We have presented all the assets and liabilities related to our foreign exchange forward contracts on a gross basis, with no offsets, in our accompanying unaudited condensed consolidated statements of financial position. There is no financial collateral (including cash collateral) posted or received by us related to our foreign exchange forward contracts. | ||||||||||||||||||
The following table provides information on the location and fair values of derivative financial instruments included in our unaudited condensed consolidated statement of financial position as of: | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Designation of Derivatives | Location on Statement of | Assets | Liabilities | Assets | Liabilities | |||||||||||||
Financial Position | ||||||||||||||||||
Cash Flow Hedges – Designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | Other current assets | $ | — | $ | — | $ | 1,230 | $ | — | |||||||||
Other noncurrent assets | — | — | 3,436 | — | ||||||||||||||
Accrued expenses and other current liabilities | — | 226,048 | — | 125,633 | ||||||||||||||
Other noncurrent liabilities | — | 237,627 | — | 175,628 | ||||||||||||||
Total | — | 463,675 | 4,666 | 301,261 | ||||||||||||||
Other Derivatives – Not designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | Other current assets | 17,425 | — | 114 | — | |||||||||||||
Accrued expenses and other current liabilities | — | 69 | — | 5,290 | ||||||||||||||
Total | 17,425 | 69 | 114 | 5,290 | ||||||||||||||
Total | $ | 17,425 | $ | 463,744 | $ | 4,780 | $ | 306,551 | ||||||||||
Cash Flow Hedges | ||||||||||||||||||
We have entered into a series of foreign exchange forward contracts that are designated as cash flow hedges of Indian rupee denominated payments in India. These contracts are intended to partially offset the impact of movement of exchange rates on future operating costs and are scheduled to mature each month during 2013, 2014, 2015 and 2016. Under these contracts, we purchase Indian rupees and sell U.S. dollars. The changes in fair value of these contracts are initially reported in the caption “accumulated other comprehensive income (loss)” in our consolidated statements of financial position and are subsequently reclassified to earnings in the same period the hedge contract matures. As of September 30, 2013, we estimate that $191,089, net of tax, of the net losses related to derivatives designated as cash flow hedges recorded in accumulated other comprehensive income (loss) is expected to be reclassified into earnings within the next 12 months. | ||||||||||||||||||
The notional value of our outstanding contracts by year of maturity and the net unrealized (loss) included in accumulated other comprehensive income (loss) for such contracts were as follows as of: | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
2013 | $ | 315,000 | $ | 1,253,000 | ||||||||||||||
2014 | 1,200,000 | 1,200,000 | ||||||||||||||||
2015 | 900,000 | 780,000 | ||||||||||||||||
2016 | 240,000 | 120,000 | ||||||||||||||||
Total notional value of contracts outstanding | $ | 2,655,000 | $ | 3,353,000 | ||||||||||||||
Net unrealized (loss) included in accumulated other comprehensive income (loss), net of taxes | $ | (391,966 | ) | $ | (252,810 | ) | ||||||||||||
Upon settlement or maturity of the cash flow hedge contracts, we record the related gain or loss, based on our designation at the commencement of the contract, with the hedged Indian rupee denominated expense reported within cost of revenues and selling, general and administrative expenses. Hedge ineffectiveness was immaterial for all periods presented. | ||||||||||||||||||
The following table provides information on the location and amounts of pre-tax (losses) on our cash flow hedges for the three months ended September 30: | ||||||||||||||||||
(Increase) Decrease in | Location of Net Derivative | Net (Loss) Reclassified | ||||||||||||||||
Derivative | (Losses) Reclassified | from Accumulated Other | ||||||||||||||||
Losses Recognized | from Accumulated Other | Comprehensive Income (Loss) | ||||||||||||||||
in Accumulated Other | Comprehensive Income (Loss) | into Income | ||||||||||||||||
Comprehensive Income (Loss) | into Income | (effective portion) | ||||||||||||||||
(effective portion) | (effective portion) | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash Flow Hedges – Designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | $ | (149,916 | ) | $ | 206,693 | Cost of revenues | $ | (48,755 | ) | $ | (25,124 | ) | ||||||
Selling, general and administrative expenses | (9,995 | ) | (5,493 | ) | ||||||||||||||
Total | $ | (58,750 | ) | $ | (30,617 | ) | ||||||||||||
The following table provides information on the location and amounts of pre-tax (losses) on our cash flow hedges for the nine months ended September 30: | ||||||||||||||||||
(Increase) Decrease in | Location of Net Derivative | Net (Loss) Reclassified | ||||||||||||||||
Derivative | (Losses) Reclassified | from Accumulated Other | ||||||||||||||||
Losses Recognized | from Accumulated Other | Comprehensive Income (Loss) | ||||||||||||||||
in Accumulated Other | Comprehensive Income (Loss) | into Income | ||||||||||||||||
Comprehensive Income (Loss) | into Income | (effective portion) | ||||||||||||||||
(effective portion) | (effective portion) | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash Flow Hedges – Designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | $ | (278,285 | ) | $ | 80,020 | Cost of revenues | $ | (91,848 | ) | $ | (56,621 | ) | ||||||
Selling, general and administrative expenses | (19,357 | ) | (12,134 | ) | ||||||||||||||
Total | $ | (111,205 | ) | $ | (68,755 | ) | ||||||||||||
The activity related to the change in net unrealized (losses) on our cash flow hedges included in accumulated other comprehensive income (loss) is presented in Note 9. | ||||||||||||||||||
Other Derivatives | ||||||||||||||||||
We use foreign exchange forward contracts, which have not been designated as hedges, to hedge balance sheet exposure to certain monetary assets and liabilities denominated in currencies other than the functional currency of our foreign subsidiaries. We entered into a series of foreign exchange forward contracts scheduled to mature in 2013 and 2014 which are primarily to purchase U.S. dollars and sell Indian rupees. Realized gains or losses and changes in the estimated fair value of these derivative financial instruments are recorded in Other, net in our consolidated statements of operations. | ||||||||||||||||||
Additional information related to our outstanding contracts is as follows: | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Notional value of contracts outstanding | $ | 227,528 | $ | 208,571 | ||||||||||||||
The following table provides information on the location and amounts of realized and unrealized pre-tax gains and losses on our other derivative financial instruments for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||
Location of Net Gains (Losses) on | Amount of Net Gains (Losses) on Derivative Instruments | |||||||||||||||||
Derivative Instruments | ||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Other Derivatives – Not designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | Other, net | $ | 7,126 | $ | (12,535 | ) | $ | 22,096 | $ | (12,271 | ) | |||||||
The related cash flow impacts of all of our derivative activities are reflected as cash flows from operating activities. |
Commitments_And_Contingencies
Commitments And Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments And Contingencies | ' |
Commitments and Contingencies | |
Our current India real estate development program includes planned construction of 10.5 million square feet of new space between 2011 and the end of 2015. This program includes the expected expenditure of over $700,000 during this period on land acquisition, facilities construction and furnishings to build new company-owned state-of-the-art IT development and delivery centers in regions primarily designated as SEZs located in India. As of September 30, 2013, we had outstanding fixed capital commitments of approximately $93,111 related to our India development center expansion program. | |
We are involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the outcome of such claims and legal actions, if decided adversely, is not expected to have a material adverse effect on our business, financial condition, results of operations and cash flows. Additionally, many of our engagements involve projects that are critical to the operations of our customers’ business and provide benefits that are difficult to quantify. Any failure in a customer’s systems or our failure to meet our contractual obligations to our clients, including any breach involving a customer’s confidential information or sensitive data, or our obligations under applicable laws or regulations could result in a claim for substantial damages against us, regardless of our responsibility for such failure. Although we attempt to contractually limit our liability for damages arising from negligent acts, errors, mistakes, or omissions in rendering our services, there can be no assurance that the limitations of liability set forth in our contracts will be enforceable in all instances or will otherwise protect us from liability for damages. Although we have general liability insurance coverage, including coverage for errors or omissions, there can be no assurance that such coverage will cover all types of claims, continue to be available on reasonable terms or will be available in sufficient amounts to cover one or more large claims, or that the insurer will not disclaim coverage as to any future claim. The successful assertion of one or more large claims against us that exceed or are not covered by our insurance coverage or changes in our insurance policies, including premium increases or the imposition of large deductible or co-insurance requirements, could have a material adverse effect on our business, results of operations, financial condition and cash flows. | |
In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients or other parties with whom we conduct business with respect to certain matters. These arrangements can include provisions whereby we agree to hold the indemnified party and certain of their affiliated entities harmless with respect to third-party claims related to such matters as our breach of certain representations or covenants, or out of our intellectual property infringement, our gross negligence or willful misconduct or certain other claims made against certain parties. Payments by us under any of these arrangements are generally conditioned on the client making a claim and providing us with full control over the defense and settlement of such claim. It is not possible to determine the maximum potential amount under these indemnification agreements due to the unique facts and circumstances involved in each particular agreement. Historically, we have not made payments under these indemnification agreements and therefore they have not had any impact on our operating results, financial position, or cash flows. However, if events arise requiring us to make payment for indemnification claims under our indemnification obligations in contracts we have entered, such payments could have material impact on our business, results of operations, financial condition and cash flows. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||||||||||
Changes in accumulated other comprehensive income (loss) by component were as follows for the three and nine months ended September 30, 2013: | ||||||||||||||||||||||||
Three Months | Nine Months | |||||||||||||||||||||||
Before Tax | Tax | Net of Tax | Before Tax | Tax | Net of Tax | |||||||||||||||||||
Amount | Effect | Amount | Amount | Effect | Amount | |||||||||||||||||||
Foreign currency translation adjustments | ||||||||||||||||||||||||
Beginning balance | $ | (8,591 | ) | $ | — | $ | (8,591 | ) | $ | 11,572 | $ | — | $ | 11,572 | ||||||||||
Change in foreign currency translation adjustments | 25,346 | — | 25,346 | 5,183 | — | 5,183 | ||||||||||||||||||
Ending balance | $ | 16,755 | $ | — | $ | 16,755 | $ | 16,755 | $ | — | $ | 16,755 | ||||||||||||
Unrealized gains (losses) on available-for-sale investment securities: | ||||||||||||||||||||||||
Beginning balance | $ | (1,717 | ) | $ | 605 | $ | (1,112 | ) | $ | 2,440 | $ | (885 | ) | $ | 1,555 | |||||||||
Unrealized gains (losses) arising during the period | 2,080 | (757 | ) | 1,323 | (1,396 | ) | 488 | (908 | ) | |||||||||||||||
Reclassification of (gains) to Other, net | (144 | ) | 55 | (89 | ) | (825 | ) | 300 | (525 | ) | ||||||||||||||
Net change | 1,936 | (702 | ) | 1,234 | (2,221 | ) | 788 | (1,433 | ) | |||||||||||||||
Ending balance | $ | 219 | $ | (97 | ) | $ | 122 | $ | 219 | $ | (97 | ) | $ | 122 | ||||||||||
Unrealized (losses) on cash flow hedges: | ||||||||||||||||||||||||
Beginning balance | $ | (372,509 | ) | $ | 57,610 | $ | (314,899 | ) | $ | (296,595 | ) | $ | 43,785 | $ | (252,810 | ) | ||||||||
Unrealized (losses) arising during the period | (149,916 | ) | 23,185 | (126,731 | ) | (278,285 | ) | 45,064 | (233,221 | ) | ||||||||||||||
Reclassifications of losses to: | ||||||||||||||||||||||||
Cost of revenues | 48,755 | (7,540 | ) | 41,215 | 91,848 | (14,158 | ) | 77,690 | ||||||||||||||||
Selling, general and administrative expenses | 9,995 | (1,546 | ) | 8,449 | 19,357 | (2,982 | ) | 16,375 | ||||||||||||||||
Net change | (91,166 | ) | 14,099 | (77,067 | ) | (167,080 | ) | 27,924 | (139,156 | ) | ||||||||||||||
Ending balance | $ | (463,675 | ) | $ | 71,709 | $ | (391,966 | ) | $ | (463,675 | ) | $ | 71,709 | $ | (391,966 | ) | ||||||||
Accumulated other comprehensive income (loss): | ||||||||||||||||||||||||
Beginning balance | $ | (382,817 | ) | $ | 58,215 | $ | (324,602 | ) | $ | (282,583 | ) | $ | 42,900 | $ | (239,683 | ) | ||||||||
Other comprehensive income (loss) | (63,884 | ) | 13,397 | (50,487 | ) | (164,118 | ) | 28,712 | (135,406 | ) | ||||||||||||||
Ending balance | $ | (446,701 | ) | $ | 71,612 | $ | (375,089 | ) | $ | (446,701 | ) | $ | 71,612 | $ | (375,089 | ) | ||||||||
Changes in accumulated other comprehensive income (loss) by component were as follows for the three and nine months ended September 30, 2012: | ||||||||||||||||||||||||
Three Months | Nine Months | |||||||||||||||||||||||
Before Tax | Tax | Net of Tax | Before Tax | Tax | Net of Tax | |||||||||||||||||||
Amount | Effect | Amount | Amount | Effect | Amount | |||||||||||||||||||
Foreign currency translation adjustments | ||||||||||||||||||||||||
Beginning balance | $ | (1,307 | ) | $ | — | $ | (1,307 | ) | $ | (3,561 | ) | $ | — | $ | (3,561 | ) | ||||||||
Change in foreign currency translation adjustments | 6,669 | — | 6,669 | 8,923 | — | 8,923 | ||||||||||||||||||
Ending balance | $ | 5,362 | $ | — | $ | 5,362 | $ | 5,362 | $ | — | $ | 5,362 | ||||||||||||
Unrealized gains (losses) on available-for-sale investment securities: | ||||||||||||||||||||||||
Beginning balance | $ | 2,118 | $ | (827 | ) | $ | 1,291 | $ | 1,986 | $ | (780 | ) | $ | 1,206 | ||||||||||
Unrealized gains arising during the period | 2,432 | (558 | ) | 1,874 | 3,047 | (789 | ) | 2,258 | ||||||||||||||||
Reclassification of (gains) to Other, net | (698 | ) | 304 | (394 | ) | (1,181 | ) | 488 | (693 | ) | ||||||||||||||
Net change | 1,734 | (254 | ) | 1,480 | 1,866 | (301 | ) | 1,565 | ||||||||||||||||
Ending balance | $ | 3,852 | $ | (1,081 | ) | $ | 2,771 | $ | 3,852 | $ | (1,081 | ) | $ | 2,771 | ||||||||||
Unrealized (losses) on cash flow hedges: | ||||||||||||||||||||||||
Beginning balance | $ | (474,175 | ) | $ | 77,450 | $ | (396,725 | ) | $ | (385,640 | ) | $ | 62,601 | $ | (323,039 | ) | ||||||||
Unrealized gains arising during the period | 206,693 | (33,760 | ) | 172,933 | 80,020 | (12,682 | ) | 67,338 | ||||||||||||||||
Reclassifications of losses to: | ||||||||||||||||||||||||
Cost of revenues | 25,124 | (4,104 | ) | 21,020 | 56,621 | (9,248 | ) | 47,373 | ||||||||||||||||
Selling, general and administrative expenses | 5,493 | (897 | ) | 4,596 | 12,134 | (1,982 | ) | 10,152 | ||||||||||||||||
Net change | 237,310 | (38,761 | ) | 198,549 | 148,775 | (23,912 | ) | 124,863 | ||||||||||||||||
Ending balance | $ | (236,865 | ) | $ | 38,689 | $ | (198,176 | ) | $ | (236,865 | ) | $ | 38,689 | $ | (198,176 | ) | ||||||||
Accumulated other comprehensive income (loss): | ||||||||||||||||||||||||
Beginning balance | $ | (473,364 | ) | $ | 76,623 | $ | (396,741 | ) | $ | (387,215 | ) | $ | 61,821 | $ | (325,394 | ) | ||||||||
Other comprehensive income (loss) | 245,713 | (39,015 | ) | 206,698 | 159,564 | (24,213 | ) | 135,351 | ||||||||||||||||
Ending balance | $ | (227,651 | ) | $ | 37,608 | $ | (190,043 | ) | $ | (227,651 | ) | $ | 37,608 | $ | (190,043 | ) | ||||||||
Segment_Information
Segment Information | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Segment Reporting Information, Revenue for Reportable Segment [Abstract] | ' | |||||||||||||||
Segment Information | ' | |||||||||||||||
Segment Information | ||||||||||||||||
Our reportable segments are: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers as well as life sciences customers; Manufacturing/Retail/Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services; and Other, which is an aggregation of industry segments each of which, individually, represents less than 10% of consolidated revenues and segment operating profit. The Other reportable segment includes our information, media and entertainment services, communications and high technology operating segments. Our sales managers, account executives, account managers and project teams are aligned in accordance with the specific industries they serve. | ||||||||||||||||
Our chief operating decision maker evaluates the Company’s performance and allocates resources based on segment revenues and operating profit. Segment operating profit is defined as income from operations before unallocated costs. Generally, operating expenses for each operating segment have similar characteristics and are subject to the same factors, pressures and challenges. However, the economic environment and its effects on industries served by our operating segments may affect revenue and operating expenses to differing degrees. Expenses included in segment operating profit consist principally of direct selling and delivery costs as well as a per seat charge for use of the development and delivery centers. Certain selling, general and administrative expenses, excess or shortfall of incentive compensation for delivery personnel as compared to target, stock-based compensation expense, a portion of depreciation and amortization and the impact of the settlements of our cash flow hedges are not allocated to individual segments in internal management reports used by the chief operating decision maker. Accordingly, such expenses are excluded from segment operating profit and are separately disclosed as “unallocated” and adjusted only against our total income from operations. Additionally, management has determined that it is not practical to allocate identifiable assets by segment, since such assets are used interchangeably among the segments. | ||||||||||||||||
Revenues from external customers and segment operating profit, before unallocated expenses, for the Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other reportable segments were as follows: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Revenues: | ||||||||||||||||
Financial Services | $ | 954,379 | $ | 788,439 | $ | 2,720,427 | $ | 2,220,048 | ||||||||
Healthcare | 599,947 | 483,109 | 1,651,540 | 1,434,808 | ||||||||||||
Manufacturing/Retail/Logistics | 490,622 | 396,557 | 1,378,062 | 1,089,962 | ||||||||||||
Other | 260,775 | 223,583 | 737,672 | 653,439 | ||||||||||||
Total revenue | $ | 2,305,723 | $ | 1,891,688 | $ | 6,487,701 | $ | 5,398,257 | ||||||||
Segment Operating Profit: | ||||||||||||||||
Financial Services | $ | 324,450 | $ | 263,866 | $ | 895,079 | $ | 752,550 | ||||||||
Healthcare | 230,145 | 171,365 | 612,210 | 543,215 | ||||||||||||
Manufacturing/Retail/Logistics | 177,075 | 140,142 | 466,485 | 394,053 | ||||||||||||
Other | 86,959 | 77,156 | 238,611 | 219,036 | ||||||||||||
Total segment operating profit | 818,629 | 652,529 | 2,212,385 | 1,908,854 | ||||||||||||
Less: unallocated costs(1) | 381,270 | 297,143 | 982,316 | 903,611 | ||||||||||||
Income from operations | $ | 437,359 | $ | 355,386 | $ | 1,230,069 | $ | 1,005,243 | ||||||||
_____________________ | ||||||||||||||||
-1 | Includes $27,023 and $86,353 of stock-based compensation expense for the three and nine months ended September 30, 2013, respectively, and $22,261 and $79,911 of stock-based compensation expense for the three and nine months ended September 30, 2012, respectively. | |||||||||||||||
Geographic Area Information | ||||||||||||||||
Revenue and long-lived assets, by geographic area, are as follows: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Revenues: (1) | ||||||||||||||||
North America(2) | $ | 1,783,081 | $ | 1,504,706 | $ | 5,042,666 | $ | 4,300,399 | ||||||||
Europe(3) | 414,656 | 302,648 | 1,150,140 | 869,254 | ||||||||||||
Other(4) | 107,986 | 84,334 | 294,895 | 228,604 | ||||||||||||
Total | $ | 2,305,723 | $ | 1,891,688 | $ | 6,487,701 | $ | 5,398,257 | ||||||||
As of | ||||||||||||||||
September 30, | December 31, | |||||||||||||||
2013 | 2012 | |||||||||||||||
Long-lived Assets: (5) | ||||||||||||||||
North America(2) | $ | 53,402 | $ | 52,149 | ||||||||||||
Europe | 15,826 | 8,696 | ||||||||||||||
Other(4)(6) | 942,575 | 910,641 | ||||||||||||||
Total | $ | 1,011,803 | $ | 971,486 | ||||||||||||
_____________________ | ||||||||||||||||
(1) Revenues are attributed to regions based upon customer location. | ||||||||||||||||
(2) Substantially all relates to operations in the United States. | ||||||||||||||||
-3 | Includes revenue from operations in the United Kingdom of $246,397 and $195,538 for the three months and $696,650 and $558,854 for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||
(4) Includes our operations in Asia Pacific, the Middle East and Latin America. | ||||||||||||||||
(5) Long-lived assets include property and equipment, net of accumulated depreciation and amortization. | ||||||||||||||||
(6) Substantially all of these long-lived assets relate to our operations in India. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board, or FASB, issued new guidance which requires the netting of any unrecognized tax benefits against all available same-jurisdiction deferred tax carryforward assets that would apply if the uncertain tax positions were settled. This standard will be effective for periods beginning on or after January 1, 2014. The adoption of this standard affects financial statement presentation only and will have no effect on our financial condition or consolidated results of operations. | |
In February 2013, the FASB issued additional guidance related to accumulated other comprehensive income, requiring the presentation of significant amounts reclassified out of accumulated other comprehensive income to the respective line items in the statement of operations. For those amounts required by U.S. GAAP to be reclassified to earnings in their entirety in the same reporting period, this presentation is required either on the statement of operations or in a single footnote. For items that are not required to be reclassified in their entirety to earnings, the presentation requirement can be met by cross-referencing disclosures elsewhere in the footnotes. We adopted this standard on January 1, 2013. The adoption of this standard affects financial statement presentation only and has no effect on our financial condition or consolidated results of operations. | |
In December 2011, the FASB issued guidance requiring enhanced disclosures related to the nature of an entity’s rights to offset and any related arrangements associated with its financial instruments and derivative instruments. The new guidance requires the disclosure of the gross amounts subject to rights of set-off, amounts offset in accordance with the accounting standards followed and the related net exposure. In January 2013, the FASB issued an additional update clarifying the scope of this guidance. We adopted this standard on January 1, 2013. The adoption of this standard affects financial statement disclosures only and has no effect on our financial condition or consolidated results of operations. |
Business_Combination_Tables
Business Combination (Tables) | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Business Combinations [Abstract] | ' | |||||
Schedule Of Purchase Price Allocation | ' | |||||
We have allocated the purchase price related to these transactions to tangible and intangible assets and liabilities, including non-deductible goodwill, based on their fair values as described in the table below: | ||||||
Fair Value | Useful Life | |||||
Total consideration, net of cash acquired | $ | 146,600 | ||||
Purchase price allocated to: | ||||||
Non-deductible goodwill | 105,801 | |||||
Customer relationship intangible asset | 43,831 | 10 years | ||||
Other intangible assets | 3,067 | 2-5 years | ||||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investments | ' | |||||||||||||||||||||||
Our investments were as follows: | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||
Available-for-sale investment securities: | ||||||||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 532,709 | $ | 551,236 | ||||||||||||||||||||
Corporate and other debt securities | 257,341 | 294,556 | ||||||||||||||||||||||
Asset-backed securities | 157,021 | 97,112 | ||||||||||||||||||||||
Municipal debt securities | 85,135 | 47,292 | ||||||||||||||||||||||
Mutual funds | 21,124 | 21,150 | ||||||||||||||||||||||
Total available-for-sale investment securities | 1,053,330 | 1,011,346 | ||||||||||||||||||||||
Time deposits | 276,150 | 282,335 | ||||||||||||||||||||||
Total investments | $ | 1,329,480 | $ | 1,293,681 | ||||||||||||||||||||
Amortized Cost, Gross Unrealized Gains And Losses And Fair Value Of Investment Securities Available-For-Sale | ' | |||||||||||||||||||||||
The amortized cost, gross unrealized gains and losses and fair value of available-for-sale investment securities at September 30, 2013 were as follows: | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 531,960 | $ | 881 | $ | (132 | ) | $ | 532,709 | |||||||||||||||
Corporate and other debt securities | 256,515 | 1,026 | (200 | ) | 257,341 | |||||||||||||||||||
Asset-backed securities | 157,329 | 91 | (399 | ) | 157,021 | |||||||||||||||||||
Municipal debt securities | 84,967 | 207 | (39 | ) | 85,135 | |||||||||||||||||||
Mutual funds | 22,340 | 191 | (1,407 | ) | 21,124 | |||||||||||||||||||
Total available-for-sale investment securities | $ | 1,053,111 | $ | 2,396 | $ | (2,177 | ) | $ | 1,053,330 | |||||||||||||||
The amortized cost, gross unrealized gains and losses and fair value of available-for-sale investment securities at December 31, 2012 were as follows: | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 550,317 | $ | 972 | $ | (53 | ) | $ | 551,236 | |||||||||||||||
Corporate and other debt securities | 292,736 | 1,842 | (22 | ) | 294,556 | |||||||||||||||||||
Asset-backed securities | 97,004 | 237 | (129 | ) | 97,112 | |||||||||||||||||||
Municipal debt securities | 47,266 | 93 | (67 | ) | 47,292 | |||||||||||||||||||
Mutual funds | 21,583 | — | (433 | ) | 21,150 | |||||||||||||||||||
Total available-for-sale investment securities | $ | 1,008,906 | $ | 3,144 | $ | (704 | ) | $ | 1,011,346 | |||||||||||||||
Available-For-Sale Securities In A Continuous Unrealized Loss Position | ' | |||||||||||||||||||||||
The fair value and related unrealized losses of available-for-sale investment securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer were as follows as of September 30, 2013: | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 101,426 | $ | (132 | ) | $ | — | $ | — | $ | 101,426 | $ | (132 | ) | ||||||||||
Corporate and other debt securities | 61,887 | (200 | ) | — | — | 61,887 | (200 | ) | ||||||||||||||||
Asset-backed securities | 84,375 | (386 | ) | 4,567 | (13 | ) | 88,942 | (399 | ) | |||||||||||||||
Municipal debt securities | 13,967 | (30 | ) | 1,032 | (9 | ) | 14,999 | (39 | ) | |||||||||||||||
Mutual funds | — | — | 20,260 | (1,407 | ) | 20,260 | (1,407 | ) | ||||||||||||||||
Total | $ | 261,655 | $ | (748 | ) | $ | 25,859 | $ | (1,429 | ) | $ | 287,514 | $ | (2,177 | ) | |||||||||
The fair value and related unrealized losses of available-for-sale investment securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer were as follows as of December 31, 2012: | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
U.S. Treasury and agency debt securities | $ | 120,118 | $ | (53 | ) | $ | — | $ | — | $ | 120,118 | $ | (53 | ) | ||||||||||
Corporate and other debt securities | 25,662 | (21 | ) | 699 | (1 | ) | 26,361 | (22 | ) | |||||||||||||||
Asset-backed securities | 27,180 | (93 | ) | 1,499 | (36 | ) | 28,679 | (129 | ) | |||||||||||||||
Municipal debt securities | 7,908 | (32 | ) | 696 | (35 | ) | 8,604 | (67 | ) | |||||||||||||||
Mutual funds | 21,150 | (433 | ) | — | — | 21,150 | (433 | ) | ||||||||||||||||
Total | $ | 202,018 | $ | (632 | ) | $ | 2,894 | $ | (72 | ) | $ | 204,912 | $ | (704 | ) | |||||||||
Contractual Maturities Of Investments In Debt Securities Available-For-Sale | ' | |||||||||||||||||||||||
The contractual maturities of our fixed income available-for-sale investment securities as of September 30, 2013 are set forth in the following table: | ||||||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||||||
Cost | Value | |||||||||||||||||||||||
Due within one year | $ | 108,385 | $ | 108,565 | ||||||||||||||||||||
Due after one year up to two years | 402,345 | 403,330 | ||||||||||||||||||||||
Due after two years up to three years | 334,040 | 334,525 | ||||||||||||||||||||||
Due after three years up to four years | 28,672 | 28,765 | ||||||||||||||||||||||
Asset-backed securities | 157,329 | 157,021 | ||||||||||||||||||||||
Fixed income available-for-sale investment securities | $ | 1,030,771 | $ | 1,032,206 | ||||||||||||||||||||
Gross Gains (Losses) Realized On Sales, Maturities And Other Securities Transactions Related To Investment Securities | ' | |||||||||||||||||||||||
Proceeds from sales of available-for-sale investment securities and the gross gains and losses that have been included in earnings as a result of those sales were as follows: | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Proceeds from sales of available-for-sale investment securities | $ | 211,696 | $ | 207,229 | $ | 871,696 | $ | 559,095 | ||||||||||||||||
Gross gains | $ | 315 | $ | 870 | $ | 1,530 | $ | 1,857 | ||||||||||||||||
Gross losses | (166 | ) | — | (553 | ) | (335 | ) | |||||||||||||||||
Net realized gains on sales of available-for-sale investment securities | $ | 149 | $ | 870 | $ | 977 | $ | 1,522 | ||||||||||||||||
Accrued_Expenses_And_Other_Cur1
Accrued Expenses And Other Current Liabilities (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accrued Expenses And Other Current Liabilities [Abstract] | ' | |||||||
Accrued Expenses And Other Current Liabilities | ' | |||||||
Accrued expenses and other current liabilities were as follows: | ||||||||
30-Sep-13 | 31-Dec-12 | |||||||
Compensation and benefits | $ | 755,979 | $ | 661,816 | ||||
Income taxes | 34,385 | 29,570 | ||||||
Professional fees | 37,643 | 35,366 | ||||||
Travel and entertainment | 31,435 | 26,417 | ||||||
Customer volume incentives | 150,777 | 142,945 | ||||||
Derivative financial instruments | 226,117 | 130,923 | ||||||
Deferred income taxes | 83 | 454 | ||||||
Other | 108,857 | 91,436 | ||||||
Total accrued expenses and other current liabilities | $ | 1,345,276 | $ | 1,118,927 | ||||
Income_Taxes_Tables
Income Taxes (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Schedule Of Effective Income Tax Rates | ' | |||||||||||
Our effective income tax rates were as follows: | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Effective income tax rate | 27.2 | % | 24 | % | 26.9 | % | 24.4 | % |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Financial Assets And (Liabilities) Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||
The following table summarizes our financial assets and (liabilities) measured at fair value on a recurring basis as of September 30, 2013: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash equivalents: | ||||||||||||||||
Money market funds | $ | 628,749 | $ | — | $ | — | $ | 628,749 | ||||||||
Total cash equivalents | 628,749 | — | — | 628,749 | ||||||||||||
Investments: | ||||||||||||||||
Time deposits | — | 276,150 | — | 276,150 | ||||||||||||
Available-for-sale investment securities: | ||||||||||||||||
U.S. Treasury and agency debt securities | 415,911 | 116,798 | — | 532,709 | ||||||||||||
Corporate and other debt securities | — | 257,341 | — | 257,341 | ||||||||||||
Asset-backed securities | — | 157,021 | — | 157,021 | ||||||||||||
Municipal debt securities | — | 85,135 | — | 85,135 | ||||||||||||
Mutual funds | — | 21,124 | — | 21,124 | ||||||||||||
Total available-for-sale investment securities | 415,911 | 637,419 | — | 1,053,330 | ||||||||||||
Total investments | 415,911 | 913,569 | — | 1,329,480 | ||||||||||||
Derivative financial instruments - foreign exchange forward contracts: | ||||||||||||||||
Other current assets | — | 17,425 | — | 17,425 | ||||||||||||
Accrued expenses and other current liabilities | — | (226,117 | ) | — | (226,117 | ) | ||||||||||
Other noncurrent liabilities | — | (237,627 | ) | — | (237,627 | ) | ||||||||||
Total | $ | 1,044,660 | $ | 467,250 | $ | — | $ | 1,511,910 | ||||||||
The following table summarizes our financial assets and (liabilities) measured at fair value on a recurring basis as of December 31, 2012: | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Cash equivalents: | ||||||||||||||||
Money market funds | $ | 411,512 | $ | — | $ | — | $ | 411,512 | ||||||||
Time deposits | — | 300,770 | — | 300,770 | ||||||||||||
Commercial paper | — | 7,918 | — | 7,918 | ||||||||||||
Total cash equivalents | 411,512 | 308,688 | — | 720,200 | ||||||||||||
Investments: | ||||||||||||||||
Time deposits | — | 282,335 | — | 282,335 | ||||||||||||
Available-for-sale investment securities: | ||||||||||||||||
U.S. Treasury and agency debt securities | 392,067 | 159,169 | — | 551,236 | ||||||||||||
Corporate and other debt securities | — | 294,556 | — | 294,556 | ||||||||||||
Asset-backed securities | — | 97,112 | — | 97,112 | ||||||||||||
Municipal debt securities | — | 47,292 | — | 47,292 | ||||||||||||
Mutual funds | — | 21,150 | — | 21,150 | ||||||||||||
Total available-for-sale investment securities | 392,067 | 619,279 | — | 1,011,346 | ||||||||||||
Total investments | 392,067 | 901,614 | — | 1,293,681 | ||||||||||||
Derivative financial instruments - foreign exchange forward contracts: | ||||||||||||||||
Other current assets | — | 1,344 | — | 1,344 | ||||||||||||
Accrued expenses and other current liabilities | — | (130,923 | ) | — | (130,923 | ) | ||||||||||
Other noncurrent assets | — | 3,436 | — | 3,436 | ||||||||||||
Other noncurrent liabilities | — | (175,628 | ) | — | (175,628 | ) | ||||||||||
Total | $ | 803,579 | $ | 908,531 | $ | — | $ | 1,712,110 | ||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
Location And Fair Values Of Derivative Financial Instruments In Our Condensed Consolidated Statements Of Financial Position | ' | |||||||||||||||||
The following table provides information on the location and fair values of derivative financial instruments included in our unaudited condensed consolidated statement of financial position as of: | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Designation of Derivatives | Location on Statement of | Assets | Liabilities | Assets | Liabilities | |||||||||||||
Financial Position | ||||||||||||||||||
Cash Flow Hedges – Designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | Other current assets | $ | — | $ | — | $ | 1,230 | $ | — | |||||||||
Other noncurrent assets | — | — | 3,436 | — | ||||||||||||||
Accrued expenses and other current liabilities | — | 226,048 | — | 125,633 | ||||||||||||||
Other noncurrent liabilities | — | 237,627 | — | 175,628 | ||||||||||||||
Total | — | 463,675 | 4,666 | 301,261 | ||||||||||||||
Other Derivatives – Not designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | Other current assets | 17,425 | — | 114 | — | |||||||||||||
Accrued expenses and other current liabilities | — | 69 | — | 5,290 | ||||||||||||||
Total | 17,425 | 69 | 114 | 5,290 | ||||||||||||||
Total | $ | 17,425 | $ | 463,744 | $ | 4,780 | $ | 306,551 | ||||||||||
Notional Value Of Outstanding Cash Flow Hedge Contracts By Year Of Maturity And Net Unrealized (Loss) Gain Included In Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||||
The notional value of our outstanding contracts by year of maturity and the net unrealized (loss) included in accumulated other comprehensive income (loss) for such contracts were as follows as of: | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
2013 | $ | 315,000 | $ | 1,253,000 | ||||||||||||||
2014 | 1,200,000 | 1,200,000 | ||||||||||||||||
2015 | 900,000 | 780,000 | ||||||||||||||||
2016 | 240,000 | 120,000 | ||||||||||||||||
Total notional value of contracts outstanding | $ | 2,655,000 | $ | 3,353,000 | ||||||||||||||
Net unrealized (loss) included in accumulated other comprehensive income (loss), net of taxes | $ | (391,966 | ) | $ | (252,810 | ) | ||||||||||||
Location And Amounts Of Pre-Tax Gains (Losses) On Cash Flow Hedge Derivative Financial Instruments | ' | |||||||||||||||||
The following table provides information on the location and amounts of pre-tax (losses) on our cash flow hedges for the three months ended September 30: | ||||||||||||||||||
(Increase) Decrease in | Location of Net Derivative | Net (Loss) Reclassified | ||||||||||||||||
Derivative | (Losses) Reclassified | from Accumulated Other | ||||||||||||||||
Losses Recognized | from Accumulated Other | Comprehensive Income (Loss) | ||||||||||||||||
in Accumulated Other | Comprehensive Income (Loss) | into Income | ||||||||||||||||
Comprehensive Income (Loss) | into Income | (effective portion) | ||||||||||||||||
(effective portion) | (effective portion) | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash Flow Hedges – Designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | $ | (149,916 | ) | $ | 206,693 | Cost of revenues | $ | (48,755 | ) | $ | (25,124 | ) | ||||||
Selling, general and administrative expenses | (9,995 | ) | (5,493 | ) | ||||||||||||||
Total | $ | (58,750 | ) | $ | (30,617 | ) | ||||||||||||
The following table provides information on the location and amounts of pre-tax (losses) on our cash flow hedges for the nine months ended September 30: | ||||||||||||||||||
(Increase) Decrease in | Location of Net Derivative | Net (Loss) Reclassified | ||||||||||||||||
Derivative | (Losses) Reclassified | from Accumulated Other | ||||||||||||||||
Losses Recognized | from Accumulated Other | Comprehensive Income (Loss) | ||||||||||||||||
in Accumulated Other | Comprehensive Income (Loss) | into Income | ||||||||||||||||
Comprehensive Income (Loss) | into Income | (effective portion) | ||||||||||||||||
(effective portion) | (effective portion) | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash Flow Hedges – Designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | $ | (278,285 | ) | $ | 80,020 | Cost of revenues | $ | (91,848 | ) | $ | (56,621 | ) | ||||||
Selling, general and administrative expenses | (19,357 | ) | (12,134 | ) | ||||||||||||||
Total | $ | (111,205 | ) | $ | (68,755 | ) | ||||||||||||
Additional Information Related To Outstanding Contracts Not Designated As Hedging Instruments | ' | |||||||||||||||||
Additional information related to our outstanding contracts is as follows: | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Notional value of contracts outstanding | $ | 227,528 | $ | 208,571 | ||||||||||||||
Location And Amounts Of Pre-Tax Gains (Losses) On Derivative Financial Instruments Not Designated As Hedges | ' | |||||||||||||||||
The following table provides information on the location and amounts of realized and unrealized pre-tax gains and losses on our other derivative financial instruments for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||
Location of Net Gains (Losses) on | Amount of Net Gains (Losses) on Derivative Instruments | |||||||||||||||||
Derivative Instruments | ||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Other Derivatives – Not designated as hedging instruments | ||||||||||||||||||
Foreign exchange forward contracts | Other, net | $ | 7,126 | $ | (12,535 | ) | $ | 22,096 | $ | (12,271 | ) | |||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||||||||||
Schedule Of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
Changes in accumulated other comprehensive income (loss) by component were as follows for the three and nine months ended September 30, 2013: | ||||||||||||||||||||||||
Three Months | Nine Months | |||||||||||||||||||||||
Before Tax | Tax | Net of Tax | Before Tax | Tax | Net of Tax | |||||||||||||||||||
Amount | Effect | Amount | Amount | Effect | Amount | |||||||||||||||||||
Foreign currency translation adjustments | ||||||||||||||||||||||||
Beginning balance | $ | (8,591 | ) | $ | — | $ | (8,591 | ) | $ | 11,572 | $ | — | $ | 11,572 | ||||||||||
Change in foreign currency translation adjustments | 25,346 | — | 25,346 | 5,183 | — | 5,183 | ||||||||||||||||||
Ending balance | $ | 16,755 | $ | — | $ | 16,755 | $ | 16,755 | $ | — | $ | 16,755 | ||||||||||||
Unrealized gains (losses) on available-for-sale investment securities: | ||||||||||||||||||||||||
Beginning balance | $ | (1,717 | ) | $ | 605 | $ | (1,112 | ) | $ | 2,440 | $ | (885 | ) | $ | 1,555 | |||||||||
Unrealized gains (losses) arising during the period | 2,080 | (757 | ) | 1,323 | (1,396 | ) | 488 | (908 | ) | |||||||||||||||
Reclassification of (gains) to Other, net | (144 | ) | 55 | (89 | ) | (825 | ) | 300 | (525 | ) | ||||||||||||||
Net change | 1,936 | (702 | ) | 1,234 | (2,221 | ) | 788 | (1,433 | ) | |||||||||||||||
Ending balance | $ | 219 | $ | (97 | ) | $ | 122 | $ | 219 | $ | (97 | ) | $ | 122 | ||||||||||
Unrealized (losses) on cash flow hedges: | ||||||||||||||||||||||||
Beginning balance | $ | (372,509 | ) | $ | 57,610 | $ | (314,899 | ) | $ | (296,595 | ) | $ | 43,785 | $ | (252,810 | ) | ||||||||
Unrealized (losses) arising during the period | (149,916 | ) | 23,185 | (126,731 | ) | (278,285 | ) | 45,064 | (233,221 | ) | ||||||||||||||
Reclassifications of losses to: | ||||||||||||||||||||||||
Cost of revenues | 48,755 | (7,540 | ) | 41,215 | 91,848 | (14,158 | ) | 77,690 | ||||||||||||||||
Selling, general and administrative expenses | 9,995 | (1,546 | ) | 8,449 | 19,357 | (2,982 | ) | 16,375 | ||||||||||||||||
Net change | (91,166 | ) | 14,099 | (77,067 | ) | (167,080 | ) | 27,924 | (139,156 | ) | ||||||||||||||
Ending balance | $ | (463,675 | ) | $ | 71,709 | $ | (391,966 | ) | $ | (463,675 | ) | $ | 71,709 | $ | (391,966 | ) | ||||||||
Accumulated other comprehensive income (loss): | ||||||||||||||||||||||||
Beginning balance | $ | (382,817 | ) | $ | 58,215 | $ | (324,602 | ) | $ | (282,583 | ) | $ | 42,900 | $ | (239,683 | ) | ||||||||
Other comprehensive income (loss) | (63,884 | ) | 13,397 | (50,487 | ) | (164,118 | ) | 28,712 | (135,406 | ) | ||||||||||||||
Ending balance | $ | (446,701 | ) | $ | 71,612 | $ | (375,089 | ) | $ | (446,701 | ) | $ | 71,612 | $ | (375,089 | ) | ||||||||
Changes in accumulated other comprehensive income (loss) by component were as follows for the three and nine months ended September 30, 2012: | ||||||||||||||||||||||||
Three Months | Nine Months | |||||||||||||||||||||||
Before Tax | Tax | Net of Tax | Before Tax | Tax | Net of Tax | |||||||||||||||||||
Amount | Effect | Amount | Amount | Effect | Amount | |||||||||||||||||||
Foreign currency translation adjustments | ||||||||||||||||||||||||
Beginning balance | $ | (1,307 | ) | $ | — | $ | (1,307 | ) | $ | (3,561 | ) | $ | — | $ | (3,561 | ) | ||||||||
Change in foreign currency translation adjustments | 6,669 | — | 6,669 | 8,923 | — | 8,923 | ||||||||||||||||||
Ending balance | $ | 5,362 | $ | — | $ | 5,362 | $ | 5,362 | $ | — | $ | 5,362 | ||||||||||||
Unrealized gains (losses) on available-for-sale investment securities: | ||||||||||||||||||||||||
Beginning balance | $ | 2,118 | $ | (827 | ) | $ | 1,291 | $ | 1,986 | $ | (780 | ) | $ | 1,206 | ||||||||||
Unrealized gains arising during the period | 2,432 | (558 | ) | 1,874 | 3,047 | (789 | ) | 2,258 | ||||||||||||||||
Reclassification of (gains) to Other, net | (698 | ) | 304 | (394 | ) | (1,181 | ) | 488 | (693 | ) | ||||||||||||||
Net change | 1,734 | (254 | ) | 1,480 | 1,866 | (301 | ) | 1,565 | ||||||||||||||||
Ending balance | $ | 3,852 | $ | (1,081 | ) | $ | 2,771 | $ | 3,852 | $ | (1,081 | ) | $ | 2,771 | ||||||||||
Unrealized (losses) on cash flow hedges: | ||||||||||||||||||||||||
Beginning balance | $ | (474,175 | ) | $ | 77,450 | $ | (396,725 | ) | $ | (385,640 | ) | $ | 62,601 | $ | (323,039 | ) | ||||||||
Unrealized gains arising during the period | 206,693 | (33,760 | ) | 172,933 | 80,020 | (12,682 | ) | 67,338 | ||||||||||||||||
Reclassifications of losses to: | ||||||||||||||||||||||||
Cost of revenues | 25,124 | (4,104 | ) | 21,020 | 56,621 | (9,248 | ) | 47,373 | ||||||||||||||||
Selling, general and administrative expenses | 5,493 | (897 | ) | 4,596 | 12,134 | (1,982 | ) | 10,152 | ||||||||||||||||
Net change | 237,310 | (38,761 | ) | 198,549 | 148,775 | (23,912 | ) | 124,863 | ||||||||||||||||
Ending balance | $ | (236,865 | ) | $ | 38,689 | $ | (198,176 | ) | $ | (236,865 | ) | $ | 38,689 | $ | (198,176 | ) | ||||||||
Accumulated other comprehensive income (loss): | ||||||||||||||||||||||||
Beginning balance | $ | (473,364 | ) | $ | 76,623 | $ | (396,741 | ) | $ | (387,215 | ) | $ | 61,821 | $ | (325,394 | ) | ||||||||
Other comprehensive income (loss) | 245,713 | (39,015 | ) | 206,698 | 159,564 | (24,213 | ) | 135,351 | ||||||||||||||||
Ending balance | $ | (227,651 | ) | $ | 37,608 | $ | (190,043 | ) | $ | (227,651 | ) | $ | 37,608 | $ | (190,043 | ) | ||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Segment Reporting Information, Revenue for Reportable Segment [Abstract] | ' | |||||||||||||||
Revenues From External Customers And Segment Operating Profit | ' | |||||||||||||||
Revenues from external customers and segment operating profit, before unallocated expenses, for the Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other reportable segments were as follows: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Revenues: | ||||||||||||||||
Financial Services | $ | 954,379 | $ | 788,439 | $ | 2,720,427 | $ | 2,220,048 | ||||||||
Healthcare | 599,947 | 483,109 | 1,651,540 | 1,434,808 | ||||||||||||
Manufacturing/Retail/Logistics | 490,622 | 396,557 | 1,378,062 | 1,089,962 | ||||||||||||
Other | 260,775 | 223,583 | 737,672 | 653,439 | ||||||||||||
Total revenue | $ | 2,305,723 | $ | 1,891,688 | $ | 6,487,701 | $ | 5,398,257 | ||||||||
Segment Operating Profit: | ||||||||||||||||
Financial Services | $ | 324,450 | $ | 263,866 | $ | 895,079 | $ | 752,550 | ||||||||
Healthcare | 230,145 | 171,365 | 612,210 | 543,215 | ||||||||||||
Manufacturing/Retail/Logistics | 177,075 | 140,142 | 466,485 | 394,053 | ||||||||||||
Other | 86,959 | 77,156 | 238,611 | 219,036 | ||||||||||||
Total segment operating profit | 818,629 | 652,529 | 2,212,385 | 1,908,854 | ||||||||||||
Less: unallocated costs(1) | 381,270 | 297,143 | 982,316 | 903,611 | ||||||||||||
Income from operations | $ | 437,359 | $ | 355,386 | $ | 1,230,069 | $ | 1,005,243 | ||||||||
_____________________ | ||||||||||||||||
-1 | Includes $27,023 and $86,353 of stock-based compensation expense for the three and nine months ended September 30, 2013, respectively, and $22,261 and $79,911 of stock-based compensation expense for the three and nine months ended September 30, 2012, respectively. | |||||||||||||||
Revenues And Long-Lived Assets By Geographic Area | ' | |||||||||||||||
Revenue and long-lived assets, by geographic area, are as follows: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Revenues: (1) | ||||||||||||||||
North America(2) | $ | 1,783,081 | $ | 1,504,706 | $ | 5,042,666 | $ | 4,300,399 | ||||||||
Europe(3) | 414,656 | 302,648 | 1,150,140 | 869,254 | ||||||||||||
Other(4) | 107,986 | 84,334 | 294,895 | 228,604 | ||||||||||||
Total | $ | 2,305,723 | $ | 1,891,688 | $ | 6,487,701 | $ | 5,398,257 | ||||||||
As of | ||||||||||||||||
September 30, | December 31, | |||||||||||||||
2013 | 2012 | |||||||||||||||
Long-lived Assets: (5) | ||||||||||||||||
North America(2) | $ | 53,402 | $ | 52,149 | ||||||||||||
Europe | 15,826 | 8,696 | ||||||||||||||
Other(4)(6) | 942,575 | 910,641 | ||||||||||||||
Total | $ | 1,011,803 | $ | 971,486 | ||||||||||||
_____________________ | ||||||||||||||||
(1) Revenues are attributed to regions based upon customer location. | ||||||||||||||||
(2) Substantially all relates to operations in the United States. | ||||||||||||||||
-3 | Includes revenue from operations in the United Kingdom of $246,397 and $195,538 for the three months and $696,650 and $558,854 for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||
(4) Includes our operations in Asia Pacific, the Middle East and Latin America. | ||||||||||||||||
(5) Long-lived assets include property and equipment, net of accumulated depreciation and amortization. | ||||||||||||||||
(6) Substantially all of these long-lived assets relate to our operations in India. |
Interim_Condensed_Consolidated1
Interim Condensed Consolidated Financial Statements (Details) (USD $) | 9 Months Ended | 1 Months Ended | |
Sep. 30, 2013 | 30-May-13 | 30-May-13 | |
Common Class A [Member] | Existing Repurchase Program [Member] | Amended Repurchase Program [Member] | |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' |
Stock repurcahse program, authorized amount | ' | $1,000,000 | $1,500,000 |
Stock repurchased during period, shares | 2,045,592 | ' | ' |
Stock repurchased during period, value | $131,561,000 | ' | ' |
Business_Combination_Narrative
Business Combination (Narrative) (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
entity | |
Business Combinations [Abstract] | ' |
Number of business combinations | 2 |
Total consideration, net of cash acquired | $146,600 |
Business_Combination_Schedule_
Business Combination (Schedule Of Purchase Price Allocation) (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Business Acquisition [Line Items] | ' |
Total consideration, net of cash acquired | $146,600 |
Non-deductible goodwill | 105,801 |
Customer Relationships [Member] | ' |
Business Acquisition [Line Items] | ' |
Intangible assets | 43,831 |
Useful Life | '10 years |
Other Intangible Assets [Member] | ' |
Business Acquisition [Line Items] | ' |
Intangible assets | $3,067 |
Minimum [Member] | Other Intangible Assets [Member] | ' |
Business Acquisition [Line Items] | ' |
Useful Life | '2 years |
Maximum [Member] | Other Intangible Assets [Member] | ' |
Business Acquisition [Line Items] | ' |
Useful Life | '5 years |
Investments_Investments_Detail
Investments (Investments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale investment securities | $1,053,330 | $1,011,346 |
Time deposits | 276,150 | 282,335 |
Short-term Investments, Total | 1,329,480 | 1,293,681 |
U.S. Treasury And Agency Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale investment securities | 532,709 | 551,236 |
Corporate And Other Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale investment securities | 257,341 | 294,556 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale investment securities | 157,021 | 97,112 |
Municipal Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale investment securities | 85,135 | 47,292 |
Mutual Funds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale investment securities | $21,124 | $21,150 |
Investments_Amortized_Cost_Gro
Investments (Amortized Cost, Gross Unrealized Gains And Losses And Fair Value Of Investment Securities Available-For-Sale) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $1,053,111 | $1,008,906 |
Unrealized Gains | 2,396 | 3,144 |
Unrealized Losses | -2,177 | -704 |
Fair Value | 1,053,330 | 1,011,346 |
U.S. Treasury And Agency Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 531,960 | 550,317 |
Unrealized Gains | 881 | 972 |
Unrealized Losses | -132 | -53 |
Fair Value | 532,709 | 551,236 |
Corporate And Other Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 256,515 | 292,736 |
Unrealized Gains | 1,026 | 1,842 |
Unrealized Losses | -200 | -22 |
Fair Value | 257,341 | 294,556 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 157,329 | 97,004 |
Unrealized Gains | 91 | 237 |
Unrealized Losses | -399 | -129 |
Fair Value | 157,021 | 97,112 |
Municipal Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 84,967 | 47,266 |
Unrealized Gains | 207 | 93 |
Unrealized Losses | -39 | -67 |
Fair Value | 85,135 | 47,292 |
Mutual Funds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 22,340 | 21,583 |
Unrealized Gains | 191 | 0 |
Unrealized Losses | -1,407 | -433 |
Fair Value | $21,124 | $21,150 |
Investments_AvailableForSale_S
Investments (Available-For-Sale Securities In A Continuous Unrealized Loss Position) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value available-for-sale securities Less than 12 Months | $261,655 | $202,018 |
Unrealized Losses available-for-sale securities Less than 12 Months | -748 | -632 |
Fair value available-for-sale securities 12 Months or More | 25,859 | 2,894 |
Unrealized Losses available-for-sale securities 12 Months or More | -1,429 | -72 |
Total Fair Value available-for-sale securities | 287,514 | 204,912 |
Total Unrealized Losses of available-for-sale securities | -2,177 | -704 |
U.S. Treasury And Agency Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value available-for-sale securities Less than 12 Months | 101,426 | 120,118 |
Unrealized Losses available-for-sale securities Less than 12 Months | -132 | -53 |
Fair value available-for-sale securities 12 Months or More | 0 | 0 |
Unrealized Losses available-for-sale securities 12 Months or More | 0 | 0 |
Total Fair Value available-for-sale securities | 101,426 | 120,118 |
Total Unrealized Losses of available-for-sale securities | -132 | -53 |
Corporate And Other Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value available-for-sale securities Less than 12 Months | 61,887 | 25,662 |
Unrealized Losses available-for-sale securities Less than 12 Months | -200 | -21 |
Fair value available-for-sale securities 12 Months or More | 0 | 699 |
Unrealized Losses available-for-sale securities 12 Months or More | 0 | -1 |
Total Fair Value available-for-sale securities | 61,887 | 26,361 |
Total Unrealized Losses of available-for-sale securities | -200 | -22 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value available-for-sale securities Less than 12 Months | 84,375 | 27,180 |
Unrealized Losses available-for-sale securities Less than 12 Months | -386 | -93 |
Fair value available-for-sale securities 12 Months or More | 4,567 | 1,499 |
Unrealized Losses available-for-sale securities 12 Months or More | -13 | -36 |
Total Fair Value available-for-sale securities | 88,942 | 28,679 |
Total Unrealized Losses of available-for-sale securities | -399 | -129 |
Municipal Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value available-for-sale securities Less than 12 Months | 13,967 | 7,908 |
Unrealized Losses available-for-sale securities Less than 12 Months | -30 | -32 |
Fair value available-for-sale securities 12 Months or More | 1,032 | 696 |
Unrealized Losses available-for-sale securities 12 Months or More | -9 | -35 |
Total Fair Value available-for-sale securities | 14,999 | 8,604 |
Total Unrealized Losses of available-for-sale securities | -39 | -67 |
Mutual Funds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value available-for-sale securities Less than 12 Months | 0 | 21,150 |
Unrealized Losses available-for-sale securities Less than 12 Months | 0 | -433 |
Fair value available-for-sale securities 12 Months or More | 20,260 | 0 |
Unrealized Losses available-for-sale securities 12 Months or More | -1,407 | 0 |
Total Fair Value available-for-sale securities | 20,260 | 21,150 |
Total Unrealized Losses of available-for-sale securities | ($1,407) | ($433) |
Investments_Contractual_Maturi
Investments (Contractual Maturities Of Investments In Debt Securities Available-For-Sale) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Amortized Cost | ' |
Due within one year | $108,385 |
Due after one year up to two years | 402,345 |
Due after two years up to three years | 334,040 |
Due after three years up to four years | 28,672 |
Asset-backed securities | 157,329 |
Amortized Cost | 1,030,771 |
Fair Value | ' |
Due within one year | 108,565 |
Due after one year up to two years | 403,330 |
Due after two years up to three years | 334,525 |
Due after three years up to four years | 28,765 |
Asset-backed securities | 157,021 |
Fair Value | $1,032,206 |
Investments_Gross_Gains_Losses
Investments (Gross Gains (Losses) Realized On Sales, Maturities And Other Securities Transactions Related To Investment Securities) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Investments [Abstract] | ' | ' | ' | ' |
Proceeds from sales of available-for-sale investment securities | $211,696 | $207,229 | $871,696 | $559,095 |
Gross gains | 315 | 870 | 1,530 | 1,857 |
Gross losses | -166 | 0 | -553 | -335 |
Net gains on sales of available-for-sale investment securities | $149 | $870 | $977 | $1,522 |
Accrued_Expenses_And_Other_Cur2
Accrued Expenses And Other Current Liabilities (Accrued Expenses And Other Current Liabilities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Expenses And Other Current Liabilities [Abstract] | ' | ' |
Compensation and benefits | $755,979 | $661,816 |
Income taxes | 34,385 | 29,570 |
Professional fees | 37,643 | 35,366 |
Travel and entertainment | 31,435 | 26,417 |
Customer volume incentives | 150,777 | 142,945 |
Derivative financial instruments | 226,117 | 130,923 |
Deferred income taxes | 83 | 454 |
Other | 108,857 | 91,436 |
Total accrued expenses and other current liabilities | $1,345,276 | $1,118,927 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Incentive period for SEZs, years | '15 years |
Current MAT rate | 20.00% |
Income_Taxes_Schedule_Of_Effec
Income Taxes (Schedule Of Effective Tax Rate) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Effective income tax rate | 27.20% | 24.00% | 26.90% | 24.40% |
Fair_Value_Measurements_Financ
Fair Value Measurements (Financial Assets And (Liabilities) Measured At Fair Value On A Recurring Basis) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | $628,749 | $720,200 |
Investments | 1,329,480 | 1,293,681 |
Total | 1,511,910 | 1,712,110 |
Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | 628,749 | 411,512 |
Time Deposits [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | 300,770 |
Investments | 276,150 | 282,335 |
Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | 7,918 |
Available-For-Sale Investment Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 1,053,330 | 1,011,346 |
Available-For-Sale Investment Securities [Member] | U.S. Treasury And Agency Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 532,709 | 551,236 |
Available-For-Sale Investment Securities [Member] | Corporate And Other Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 257,341 | 294,556 |
Available-For-Sale Investment Securities [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 157,021 | 97,112 |
Available-For-Sale Investment Securities [Member] | Municipal Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 85,135 | 47,292 |
Available-For-Sale Investment Securities [Member] | Mutual Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 21,124 | 21,150 |
Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | 17,425 | 1,344 |
Foreign Exchange Forward Contracts [Member] | Accrued Expense And Other Current Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | -226,117 | -130,923 |
Foreign Exchange Forward Contracts [Member] | Other Noncurrent Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | ' | 3,436 |
Foreign Exchange Forward Contracts [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | -237,627 | -175,628 |
Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | 628,749 | 411,512 |
Investments | 415,911 | 392,067 |
Total | 1,044,660 | 803,579 |
Level 1 [Member] | Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | 628,749 | 411,512 |
Level 1 [Member] | Time Deposits [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | ' |
Investments | 0 | ' |
Level 1 [Member] | Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | ' |
Level 1 [Member] | Available-For-Sale Investment Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 415,911 | 392,067 |
Level 1 [Member] | Available-For-Sale Investment Securities [Member] | U.S. Treasury And Agency Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 415,911 | 392,067 |
Level 1 [Member] | Available-For-Sale Investment Securities [Member] | Corporate And Other Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 1 [Member] | Available-For-Sale Investment Securities [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 1 [Member] | Available-For-Sale Investment Securities [Member] | Municipal Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 1 [Member] | Available-For-Sale Investment Securities [Member] | Mutual Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 1 [Member] | Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | 0 | ' |
Level 1 [Member] | Foreign Exchange Forward Contracts [Member] | Accrued Expense And Other Current Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | 0 | ' |
Level 1 [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | ' | ' |
Level 1 [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | 0 | ' |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | 0 | 308,688 |
Investments | 913,569 | 901,614 |
Total | 467,250 | 908,531 |
Level 2 [Member] | Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | 0 | ' |
Level 2 [Member] | Time Deposits [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | 300,770 |
Investments | 276,150 | 282,335 |
Level 2 [Member] | Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | 7,918 |
Level 2 [Member] | Available-For-Sale Investment Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 637,419 | 619,279 |
Level 2 [Member] | Available-For-Sale Investment Securities [Member] | U.S. Treasury And Agency Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 116,798 | 159,169 |
Level 2 [Member] | Available-For-Sale Investment Securities [Member] | Corporate And Other Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 257,341 | 294,556 |
Level 2 [Member] | Available-For-Sale Investment Securities [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 157,021 | 97,112 |
Level 2 [Member] | Available-For-Sale Investment Securities [Member] | Municipal Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 85,135 | 47,292 |
Level 2 [Member] | Available-For-Sale Investment Securities [Member] | Mutual Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 21,124 | 21,150 |
Level 2 [Member] | Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | 17,425 | 1,344 |
Level 2 [Member] | Foreign Exchange Forward Contracts [Member] | Accrued Expense And Other Current Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | -226,117 | -130,923 |
Level 2 [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | ' | 3,436 |
Level 2 [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | 237,627 | -175,628 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | 0 | ' |
Investments | 0 | ' |
Total | 0 | ' |
Level 3 [Member] | Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | 0 | ' |
Level 3 [Member] | Time Deposits [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | ' |
Investments | 0 | ' |
Level 3 [Member] | Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash Equivalents | ' | ' |
Level 3 [Member] | Available-For-Sale Investment Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 3 [Member] | Available-For-Sale Investment Securities [Member] | U.S. Treasury And Agency Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 3 [Member] | Available-For-Sale Investment Securities [Member] | Corporate And Other Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 3 [Member] | Available-For-Sale Investment Securities [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 3 [Member] | Available-For-Sale Investment Securities [Member] | Municipal Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 3 [Member] | Available-For-Sale Investment Securities [Member] | Mutual Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investments | 0 | ' |
Level 3 [Member] | Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | 0 | ' |
Level 3 [Member] | Foreign Exchange Forward Contracts [Member] | Accrued Expense And Other Current Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | 0 | ' |
Level 3 [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, assets | ' | ' |
Level 3 [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative financial instruments, liabilities | $0 | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Narrative) (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' |
Cash flow hedge losses expected to be reclassified to earnings within the next 12 months | $191,089 |
Cash flow hedge ineffectiveness is immaterial | 'Hedge ineffectiveness was immaterial for all periods presented. |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Location And Fair Values Of Derivative Financial Instruments In Our Consolidated Statement Of Financial Position) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets fair value | $17,425 | $4,780 |
Derivative liabilities fair value | 463,744 | 306,551 |
Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets fair value | 0 | 4,666 |
Derivative liabilities fair value | 463,675 | 301,261 |
Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets fair value | 0 | 1,230 |
Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Assets [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets fair value | 0 | 3,436 |
Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | Accrued Expense And Other Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative liabilities fair value | 226,048 | 125,633 |
Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | Other Noncurrent Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative liabilities fair value | 237,627 | 175,628 |
Other Derivatives [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets fair value | 17,425 | 114 |
Derivative liabilities fair value | 69 | 5,290 |
Other Derivatives [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | Other Current Assets [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets fair value | 17,425 | 114 |
Other Derivatives [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | Accrued Expense And Other Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative liabilities fair value | $69 | $5,290 |
Derivative_Financial_Instrumen4
Derivative Financial Instruments (Notional Value Of Outstanding Cash Flow Hedge Contracts By Year Of Maturity And Net Unrealized (Loss) Gain Included In Accumulated Other Comprehensive Income) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Notional value of contracts outstanding | $2,655,000 | ' | $3,353,000 | ' | ' | ' |
Net unrealized (loss) included in accumulated other comprehensive income (loss), net of taxes | -391,966 | -314,899 | -252,810 | -198,176 | -396,725 | -323,039 |
2013 [Member] | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Notional value of contracts outstanding | 315,000 | ' | 1,253,000 | ' | ' | ' |
2014 [Member] | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Notional value of contracts outstanding | 1,200,000 | ' | 1,200,000 | ' | ' | ' |
2015 [Member] | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Notional value of contracts outstanding | 900,000 | ' | 780,000 | ' | ' | ' |
2016 [Member] | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Notional value of contracts outstanding | $240,000 | ' | $120,000 | ' | ' | ' |
Derivative_Financial_Instrumen5
Derivative Financial Instruments (Location And Amounts Of Pre-Tax Gains (Losses) On Cash Flow Hedge Derivatives Financial Instruments) (Details) (Cash Flow Hedges [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Net (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income (effective portion) | ($58,750) | ($30,617) | ($111,205) | ($68,755) |
Cost Of Revenues [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Net (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income (effective portion) | -48,755 | -25,124 | -91,848 | -56,621 |
Selling, General And Administrative Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Net (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income (effective portion) | -9,995 | -5,493 | -19,357 | -12,134 |
Foreign Exchange Forward Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Increase (decrease) in Derivative Gains (Losses) Recognized in Accumulated Other Comprehensive Income (Loss) (effective portion) | ($149,916) | $206,693 | ($278,285) | $80,020 |
Derivative_Financial_Instrumen6
Derivative Financial Instruments (Additional Information Related To Outstanding Contracts Not Designated As Hedging Instruments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ' |
Notional value of contracts outstanding | $227,528 | $208,571 |
Derivative_Financial_Instrumen7
Derivative Financial Instruments (Location And Amounts Of Pre-Tax Gains (Losses) On Derivative Financial Instruments Not Designated As Hedges) (Details) (Not Designated as Hedging Instrument [Member], Foreign Exchange Forward Contracts [Member], Other Income (Expense), Net [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward Contracts [Member] | Other Income (Expense), Net [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Amount of net gains (losses) on derivative instruments | $7,126 | ($12,535) | $22,096 | ($12,271) |
Commitments_And_Contingencies_
Commitments And Contingencies (Narrative) (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
sqft | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Square footage of real estate development program | 10,500,000 |
Land acquisition, facilities construction and furnishings | $700,000 |
Outstanding fixed capital commitments related to our India development center expansion program | $93,111 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Schedule Of Changes In Accumulated Other Comprehensive Income (Loss) By Component) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Foreign Currency Translation Adjustment, Before Taxes [Roll Forward] | ' | ' | ' | ' |
Foreign currency translation adjustments, beginning balance, before tax | ($8,591) | ($1,307) | $11,572 | ($3,561) |
Change in foreign currency translation, before tax | 25,346 | 6,669 | 5,183 | 8,923 |
Foreign currency translation adjustments, ending balance, before tax | 16,755 | 5,362 | 16,755 | 5,362 |
Foreign Currency Translation Adjustment, Tax [Roll Forward] | ' | ' | ' | ' |
Foreign currency translation adustment, beginning balance, tax | 0 | 0 | 0 | 0 |
Change in foreign currency translation, tax | 0 | 0 | 0 | 0 |
Foreign currency translation adustment, ending balance, tax | 0 | 0 | 0 | 0 |
Foreign Currency Translation Adjustment, Net of Tax [Roll Forward] | ' | ' | ' | ' |
Foreign currency translation adjustments, beginning balance, net of tax | -8,591 | -1,307 | 11,572 | -3,561 |
Change in foreign currency translation, net of tax | 25,346 | 6,669 | 5,183 | 8,923 |
Foreign currency translation adjustments, ending balance, net of tax | 16,755 | 5,362 | 16,755 | 5,362 |
Available-for-sale Securities Adjustment, Before Taxes [Roll Forward] | ' | ' | ' | ' |
Unrealized gains (losses) on available-for-sale investment securities, beginning balance, before tax | -1,717 | 2,118 | 2,440 | 1,986 |
Unrealized (losses) gains arising on available-for-sale investment securities during the period, before tax | 2,080 | 2,432 | -1,396 | 3,047 |
Reclassification of (gains) to other, net on available-for-sale investment securities, before tax | -144 | -698 | -825 | -1,181 |
Net change on available-for-sale investment securities, before tax | 1,936 | 1,734 | -2,221 | 1,866 |
Unrealized gains (losses) on available-for-sale investment securities, ending balance, before tax | 219 | 3,852 | 219 | 3,852 |
Available-for-sale Securities Adjustment, Tax [Roll Forward] | ' | ' | ' | ' |
Unrealized gains (losses) on available-for-sale investment securities, beginning balance, tax | 605 | -827 | -885 | -780 |
Unrealized (losses) gains arising on available-for-sale investment securities during the period, tax | -757 | -558 | 488 | -789 |
Reclassification of (gains) to other, net on available-for-sale investment securities, tax | 55 | 304 | 300 | 488 |
Net change on available-for-sale investment securities, tax | -702 | -254 | 788 | -301 |
Unrealized gains (losses) on available-for-sale investment securities, ending balance, tax | -97 | -1,081 | -97 | -1,081 |
Available-for-sale Securities Adjustment, Net of Tax [Roll Forward] | ' | ' | ' | ' |
Unrealized gains (losses) on available-for-sale investment securities, beginning balance, net of tax | -1,112 | 1,291 | 1,555 | 1,206 |
Unrealized (losses) gains arising on available-for-sale investment securities during the period, net of tax | 1,323 | 1,874 | -908 | 2,258 |
Reclassification of (gains) to other, net on available-for-sale investment securities, net of tax | -89 | -394 | -525 | -693 |
Net change on available-for-sale investment securities, net of tax | 1,234 | 1,480 | -1,433 | 1,565 |
Unrealized gains (losses) on available-for-sale investment securities, ending balance, net of tax | 122 | 2,771 | 122 | 2,771 |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Taxes [Roll Forward] | ' | ' | ' | ' |
Unrealized (losses) on cash flow hedges, beginning balance, before tax | -372,509 | -474,175 | -296,595 | -385,640 |
Unrealized (losses) arising on cash flow hedges during the period, before tax | -149,916 | 206,693 | -278,285 | 80,020 |
Net change on cash flow hedges, before tax | -91,166 | 237,310 | -167,080 | 148,775 |
Unrealized (losses) on cash flow hedges, ending balance, before tax | -463,675 | -236,865 | -463,675 | -236,865 |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax [Roll Forward] | ' | ' | ' | ' |
Unrealized (losses) on cash flow hedges, beginning balance, tax | 57,610 | 77,450 | 43,785 | 62,601 |
Unrealized (losses) arising on cash flow hedges during the period, tax | 23,185 | -33,760 | 45,064 | -12,682 |
Net change on cash flow hedges, tax | 14,099 | -38,761 | 27,924 | -23,912 |
Unrealized (losses) on cash flow hedges, ending balance, tax | 71,709 | 38,689 | 71,709 | 38,689 |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax [Roll Forward] | ' | ' | ' | ' |
Unrealized (losses) on cash flow hedges, beginning balance, net of tax | -314,899 | -396,725 | -252,810 | -323,039 |
Unrealized (losses) arising on cash flow hedges during the period, net of tax | -126,731 | 172,933 | -233,221 | 67,338 |
Net change on cash flow hedges, net of tax | -77,067 | 198,549 | -139,156 | 124,863 |
Unrealized (losses) on cash flow hedges, ending balance, net of tax | -391,966 | -198,176 | -391,966 | -198,176 |
Accumulated Other Comprehensive Income (Loss), Before Taxes [Roll Forward] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance, before tax | -382,817 | -473,364 | -282,583 | -387,215 |
Other comprehensive income loss, before tax | -63,884 | 245,713 | -164,118 | 159,564 |
Accumulated other comprehensive income (loss), ending balance, before tax | -446,701 | -227,651 | -446,701 | -227,651 |
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance, tax | 58,215 | 76,623 | 42,900 | 61,821 |
Other comprehensive income loss, tax | 13,397 | -39,015 | 28,712 | -24,213 |
Accumulated other comprehensive income (loss), ending balance, tax | 71,612 | 37,608 | 71,612 | 37,608 |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), beginning balance, net of tax | -324,602 | -396,741 | -239,683 | -325,394 |
Other comprehensive income (loss) | -50,487 | 206,698 | -135,406 | 135,351 |
Accumulated other comprehensive income (loss), ending balance, net of tax | -375,089 | -190,043 | -375,089 | -190,043 |
Cost Of Revenues [Member] | ' | ' | ' | ' |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Taxes [Roll Forward] | ' | ' | ' | ' |
Reclassifications of losses on cash flow hedges, before tax | 48,755 | 25,124 | 91,848 | 56,621 |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax [Roll Forward] | ' | ' | ' | ' |
Reclassification of losses on cash flow hedges, tax | -7,540 | -4,104 | -14,158 | -9,248 |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax [Roll Forward] | ' | ' | ' | ' |
Reclassification of losses on cash flow hedges, net of tax | 41,215 | 21,020 | 77,690 | 47,373 |
Selling, General and Administrative Expenses [Member] | ' | ' | ' | ' |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Before Taxes [Roll Forward] | ' | ' | ' | ' |
Reclassifications of losses on cash flow hedges, before tax | 9,995 | 5,493 | 19,357 | 12,134 |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Tax [Roll Forward] | ' | ' | ' | ' |
Reclassification of losses on cash flow hedges, tax | -1,546 | -897 | -2,982 | -1,982 |
Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax [Roll Forward] | ' | ' | ' | ' |
Reclassification of losses on cash flow hedges, net of tax | $8,449 | $4,596 | $16,375 | $10,152 |
Segment_Information_Narrative_
Segment Information (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Segment Reporting Information, Revenue for Reportable Segment [Abstract] | ' |
Percentage of consolidated revenues and segment operating profit, maximum | 10.00% |
Segment_Information_Revenues_F
Segment Information (Revenues From External Customers And Segment Operating Profit) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | $2,305,723 | [1] | $1,891,688 | [1] | $6,487,701 | [1] | $5,398,257 | [1] |
Income from operations | 437,359 | 355,386 | 1,230,069 | 1,005,243 | ||||
Stock-based compensation expense | 27,023 | 22,261 | 86,353 | 79,911 | ||||
Financial Services [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 954,379 | 788,439 | 2,720,427 | 2,220,048 | ||||
Income from operations | 324,450 | 263,866 | 895,079 | 752,550 | ||||
Healthcare [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 599,947 | 483,109 | 1,651,540 | 1,434,808 | ||||
Income from operations | 230,145 | 171,365 | 612,210 | 543,215 | ||||
Manufacturing/Retail/Logistics [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 490,622 | 396,557 | 1,378,062 | 1,089,962 | ||||
Income from operations | 177,075 | 140,142 | 466,485 | 394,053 | ||||
Other Business Segments [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 260,775 | 223,583 | 737,672 | 653,439 | ||||
Income from operations | 86,959 | 77,156 | 238,611 | 219,036 | ||||
Operating Segments [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Income from operations | 818,629 | 652,529 | 2,212,385 | 1,908,854 | ||||
Unallocated Amount To Segment [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Less: unallocated costs | $381,270 | [2] | $297,143 | [2] | $982,316 | [2] | $903,611 | [2] |
[1] | Revenues are attributed to regions based upon customer location. | |||||||
[2] | Includes $27,023 and $86,353 of stock-based compensation expense for the three and nine months ended SeptemberB 30, 2013, respectively, and $22,261 and $79,911 of stock-based compensation expense for the three and nine months ended SeptemberB 30, 2012, respectively. |
Segment_Information_Revenues_A
Segment Information (Revenues And Long-Lived Assets By Geographic Area) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||||
Geographic Areas, Revenues | ' | ' | ' | ' | ' | |||||
North America, Revenues | $1,783,081 | [1],[2] | $1,504,706 | [1],[2] | $5,042,666 | [1],[2] | $4,300,399 | [1],[2] | ' | |
Total | 2,305,723 | [1] | 1,891,688 | [1] | 6,487,701 | [1] | 5,398,257 | [1] | ' | |
Geographic Areas, Long-Lived Assets | ' | ' | ' | ' | ' | |||||
North America, Long-lived Assets | 53,402 | [3] | ' | 53,402 | [3] | ' | 52,149 | [3] | ||
Total | 1,011,803 | [3] | ' | 1,011,803 | [3] | ' | 971,486 | [3] | ||
Europe [Member] | ' | ' | ' | ' | ' | |||||
Geographic Areas, Revenues | ' | ' | ' | ' | ' | |||||
Revenues | 414,656 | [1],[4] | 302,648 | [1],[4] | 1,150,140 | [1],[4] | 869,254 | [1],[4] | ' | |
Geographic Areas, Long-Lived Assets | ' | ' | ' | ' | ' | |||||
Long-lived Assets | 15,826 | [2],[3] | ' | 15,826 | [2],[3] | ' | 8,696 | [2],[3] | ||
Other Regions [Member] | ' | ' | ' | ' | ' | |||||
Geographic Areas, Revenues | ' | ' | ' | ' | ' | |||||
Revenues | 107,986 | [1],[5] | 84,334 | [1],[5] | 294,895 | [1],[5] | 228,604 | [1],[5] | ' | |
Geographic Areas, Long-Lived Assets | ' | ' | ' | ' | ' | |||||
Long-lived Assets | 942,575 | [3],[5],[6] | ' | 942,575 | [3],[5],[6] | ' | 910,641 | [3],[5],[6] | ||
United Kingdom [Member] | ' | ' | ' | ' | ' | |||||
Geographic Areas, Revenues | ' | ' | ' | ' | ' | |||||
Revenues | $246,397 | $195,538 | $696,650 | $558,854 | ' | |||||
[1] | Revenues are attributed to regions based upon customer location. | |||||||||
[2] | Substantially all relates to operations in the United States. | |||||||||
[3] | Long-lived assets include property and equipment, net of accumulated depreciation and amortization. | |||||||||
[4] | Includes revenue from operations in the United Kingdom of $246,397 and $195,538 for the three months and $696,650 and $558,854 for the nine months ended SeptemberB 30, 2013 and 2012, respectively. | |||||||||
[5] | Includes our operations in Asia Pacific, the Middle East and Latin America. | |||||||||
[6] | Substantially all of these long-lived assets relate to our operations in India. |