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MehdiHosseiniMoghadam

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ConvFinQA

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[ "the goldman sachs group , inc .", "and subsidiaries notes to consolidated financial statements the table below presents a summary of level 3 financial assets. ." ]

[ "level 3 financial assets as of december 2018 increased compared with december 2017 , primarily reflecting an increase in level 3 cash instruments .", "see notes 6 through 8 for further information about level 3 financial assets ( including information about unrealized gains and losses related to level 3 financial assets and financial liabilities , and transfers in and out of level 3 ) .", "note 6 .", "cash instruments cash instruments include u.s .", "government and agency obligations , non-u.s .", "government and agency obligations , mortgage-backed loans and securities , corporate debt instruments , equity securities , investments in funds at nav , and other non-derivative financial instruments owned and financial instruments sold , but not yet purchased .", "see below for the types of cash instruments included in each level of the fair value hierarchy and the valuation techniques and significant inputs used to determine their fair values .", "see note 5 for an overview of the firm 2019s fair value measurement policies .", "level 1 cash instruments level 1 cash instruments include certain money market instruments , u.s .", "government obligations , most non-u.s .", "government obligations , certain government agency obligations , certain corporate debt instruments and actively traded listed equities .", "these instruments are valued using quoted prices for identical unrestricted instruments in active markets .", "the firm defines active markets for equity instruments based on the average daily trading volume both in absolute terms and relative to the market capitalization for the instrument .", "the firm defines active markets for debt instruments based on both the average daily trading volume and the number of days with trading activity .", "level 2 cash instruments level 2 cash instruments include most money market instruments , most government agency obligations , certain non-u.s .", "government obligations , most mortgage-backed loans and securities , most corporate debt instruments , most state and municipal obligations , most other debt obligations , restricted or less liquid listed equities , commodities and certain lending commitments .", "valuations of level 2 cash instruments can be verified to quoted prices , recent trading activity for identical or similar instruments , broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency .", "consideration is given to the nature of the quotations ( e.g. , indicative or firm ) and the relationship of recent market activity to the prices provided from alternative pricing sources .", "valuation adjustments are typically made to level 2 cash instruments ( i ) if the cash instrument is subject to transfer restrictions and/or ( ii ) for other premiums and liquidity discounts that a market participant would require to arrive at fair value .", "valuation adjustments are generally based on market evidence .", "level 3 cash instruments level 3 cash instruments have one or more significant valuation inputs that are not observable .", "absent evidence to the contrary , level 3 cash instruments are initially valued at transaction price , which is considered to be the best initial estimate of fair value .", "subsequently , the firm uses other methodologies to determine fair value , which vary based on the type of instrument .", "valuation inputs and assumptions are changed when corroborated by substantive observable evidence , including values realized on sales .", "valuation techniques and significant inputs of level 3 cash instruments valuation techniques of level 3 cash instruments vary by instrument , but are generally based on discounted cash flow techniques .", "the valuation techniques and the nature of significant inputs used to determine the fair values of each type of level 3 cash instrument are described below : loans and securities backed by commercial real estate .", "loans and securities backed by commercial real estate are directly or indirectly collateralized by a single commercial real estate property or a portfolio of properties , and may include tranches of varying levels of subordination .", "significant inputs are generally determined based on relative value analyses and include : 2030 market yields implied by transactions of similar or related assets and/or current levels and changes in market indices such as the cmbx ( an index that tracks the performance of commercial mortgage bonds ) ; 118 goldman sachs 2018 form 10-k ." ]

[ [ "", "As of December" ], [ "<i>$ in millions</i>", "2018", "2017" ], [ "Cash instruments", "$17,227", "$15,395" ], [ "Derivatives", "4,948", "3,802" ], [ "Other financial assets", "6", "4" ], [ "Total", "$22,181", "$19,201" ] ]

[ [ "$ in millions", "as of december 2018", "as of december 2017" ], [ "cash instruments", "$ 17227", "$ 15395" ], [ "derivatives", "4948", "3802" ], [ "other financial assets", "6", "4" ], [ "total", "$ 22181", "$ 19201" ] ]

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[ "stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index .", "the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on december 31 , 2011 , and that any dividends have been reinvested .", "the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock .", "comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index december 31 , december 29 , december 28 , january 3 , january 2 , december 31 ." ]

[ "." ]

[ [ "Company/Index", "December 31, 2011", "December 29, 2012", "December 28, 2013", "January 3, 2015", "January 2, 2016", "December 31, 2016" ], [ "Advance Auto Parts", "$100.00", "$102.87", "$158.46", "$228.88", "$217.49", "$244.64" ], [ "S&P 500 Index", "100.00", "114.07", "152.98", "174.56", "177.01", "198.18" ], [ "S&P Retail Index", "100.00", "122.23", "178.55", "196.06", "245.31", "256.69" ] ]

[ [ "company/index", "december 31 2011", "december 29 2012", "december 28 2013", "january 3 2015", "january 2 2016", "december 31 2016" ], [ "advance auto parts", "$ 100.00", "$ 102.87", "$ 158.46", "$ 228.88", "$ 217.49", "$ 244.64" ], [ "s&p 500 index", "100.00", "114.07", "152.98", "174.56", "177.01", "198.18" ], [ "s&p retail index", "100.00", "122.23", "178.55", "196.06", "245.31", "256.69" ] ]

[ { "arg1": "177.01", "arg2": "174.56", "op": "minus2-1", "res": "2.45" }, { "arg1": "#0", "arg2": "174.56", "op": "divide2-2", "res": "1.4%" } ]

[ "westrock company notes to consolidated financial statements fffd ( continued ) the following table summarizes the weighted average life and the allocation to intangible assets recognized in the mps acquisition , excluding goodwill ( in millions ) : weighted avg .", "amounts recognized as the acquisition ." ]

[ "none of the intangibles has significant residual value .", "we are amortizing the customer relationship intangibles over estimated useful lives ranging from 13 to 16 years based on a straight-line basis because the amortization pattern was not reliably determinable .", "star pizza acquisition on march 13 , 2017 , we completed the star pizza acquisition .", "the transaction provided us with a leadership position in the fast growing small-run pizza box market and increases our vertical integration .", "the purchase price was $ 34.6 million , net of a $ 0.7 million working capital settlement .", "we have fully integrated the approximately 22000 tons of containerboard used by star pizza annually .", "we have included the financial results of the acquired assets since the date of the acquisition in our corrugated packaging segment .", "the purchase price allocation for the acquisition primarily included $ 24.8 million of customer relationship intangible assets and $ 2.2 million of goodwill .", "we are amortizing the customer relationship intangibles over 10 years based on a straight-line basis because the amortization pattern was not reliably determinable .", "the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force .", "the goodwill and intangibles are amortizable for income tax purposes .", "packaging acquisition on january 19 , 2016 , we completed the packaging acquisition .", "the entities acquired provide value-added folding carton and litho-laminated display packaging solutions .", "the purchase price was $ 94.1 million , net of cash received of $ 1.7 million , a working capital settlement and a $ 3.5 million escrow receipt in the first quarter of fiscal 2017 .", "the transaction is subject to an election under section 338 ( h ) ( 10 ) of the code that increases the u.s .", "tax basis in the acquired u.s .", "entities .", "we believe the transaction has provided us with attractive and complementary customers , markets and facilities .", "we have included the financial results of the acquired entities since the date of the acquisition in our consumer packaging segment .", "the purchase price allocation for the acquisition primarily included $ 55.0 million of property , plant and equipment , $ 10.5 million of customer relationship intangible assets , $ 9.3 million of goodwill and $ 25.8 million of liabilities , including $ 1.3 million of debt .", "we are amortizing the customer relationship intangibles over estimated useful lives ranging from 9 to 15 years based on a straight-line basis because the amortization pattern was not reliably determinable .", "the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force .", "the goodwill and intangibles of the u.s .", "entities are amortizable for income tax purposes .", "sp fiber on october 1 , 2015 , we completed the sp fiber acquisition in a stock purchase .", "the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper .", "the newberg mill also produced newsprint .", "as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in gps .", "gps is a joint venture providing steam to the dublin mill and electricity to georgia power .", "the purchase price was $ 278.8 million , net of cash received of $ 9.2 million and a working capital ." ]

[ [ "", "Weighted Avg.Life", "AmountsRecognized as ofthe AcquisitionDate" ], [ "Customer relationships", "14.6", "$1,008.7" ], [ "Trademarks and tradenames", "3.0", "15.2" ], [ "Photo library", "10.0", "2.5" ], [ "Total", "14.4", "$1,026.4" ] ]

[ [ "", "weighted avg.life", "amountsrecognized as ofthe acquisitiondate" ], [ "customer relationships", "14.6", "$ 1008.7" ], [ "trademarks and tradenames", "3.0", "15.2" ], [ "photo library", "10.0", "2.5" ], [ "total", "14.4", "$ 1026.4" ] ]

[]

[ "entergy corporation and subsidiaries notes to financial statements amount ( in millions ) ." ]

[ "subsequent to the closing , entergy received approximately $ 6 million from consumers energy company as part of the post-closing adjustment defined in the asset sale agreement .", "the post-closing adjustment amount resulted in an approximately $ 6 million reduction in plant and a corresponding reduction in other liabilities .", "for the ppa , which was at below-market prices at the time of the acquisition , non-utility nuclear will amortize a liability to revenue over the life of the agreement .", "the amount that will be amortized each period is based upon the difference between the present value calculated at the date of acquisition of each year's difference between revenue under the agreement and revenue based on estimated market prices .", "amounts amortized to revenue were $ 53 million in 2009 , $ 76 million in 2008 , and $ 50 million in 2007 .", "the amounts to be amortized to revenue for the next five years will be $ 46 million for 2010 , $ 43 million for 2011 , $ 17 million in 2012 , $ 18 million for 2013 , and $ 16 million for 2014 .", "nypa value sharing agreements non-utility nuclear's purchase of the fitzpatrick and indian point 3 plants from nypa included value sharing agreements with nypa .", "in october 2007 , non-utility nuclear and nypa amended and restated the value sharing agreements to clarify and amend certain provisions of the original terms .", "under the amended value sharing agreements , non-utility nuclear will make annual payments to nypa based on the generation output of the indian point 3 and fitzpatrick plants from january 2007 through december 2014 .", "non-utility nuclear will pay nypa $ 6.59 per mwh for power sold from indian point 3 , up to an annual cap of $ 48 million , and $ 3.91 per mwh for power sold from fitzpatrick , up to an annual cap of $ 24 million .", "the annual payment for each year's output is due by january 15 of the following year .", "non-utility nuclear will record its liability for payments to nypa as power is generated and sold by indian point 3 and fitzpatrick .", "an amount equal to the liability will be recorded to the plant asset account as contingent purchase price consideration for the plants .", "in 2009 , 2008 , and 2007 , non-utility nuclear recorded $ 72 million as plant for generation during each of those years .", "this amount will be depreciated over the expected remaining useful life of the plants .", "in august 2008 , non-utility nuclear entered into a resolution of a dispute with nypa over the applicability of the value sharing agreements to its fitzpatrick and indian point 3 nuclear power plants after the planned spin-off of the non-utility nuclear business .", "under the resolution , non-utility nuclear agreed not to treat the separation as a \"cessation event\" that would terminate its obligation to make the payments under the value sharing agreements .", "as a result , after the spin-off transaction , enexus will continue to be obligated to make payments to nypa under the amended and restated value sharing agreements. ." ]

[ [ "", "Amount (In Millions)" ], [ "Plant (including nuclear fuel)", "$727" ], [ "Decommissioning trust funds", "252" ], [ "Other assets", "41" ], [ "Total assets acquired", "1,020" ], [ "Purchased power agreement (below market)", "420" ], [ "Decommissioning liability", "220" ], [ "Other liabilities", "44" ], [ "Total liabilities assumed", "684" ], [ "Net assets acquired", "$336" ] ]

[ [ "", "amount ( in millions )" ], [ "plant ( including nuclear fuel )", "$ 727" ], [ "decommissioning trust funds", "252" ], [ "other assets", "41" ], [ "total assets acquired", "1020" ], [ "purchased power agreement ( below market )", "420" ], [ "decommissioning liability", "220" ], [ "other liabilities", "44" ], [ "total liabilities assumed", "684" ], [ "net assets acquired", "$ 336" ] ]

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[ "operating expenses millions 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 ." ]

[ "operating expenses increased $ 1.2 billion in 2010 versus 2009 .", "our fuel price per gallon increased 31% ( 31 % ) during the year , accounting for $ 566 million of the increase .", "wage and benefit inflation , depreciation , volume-related costs , and property taxes also contributed to higher expenses during 2010 compared to 2009 .", "cost savings from productivity improvements and better resource utilization partially offset these increases .", "operating expenses decreased $ 3.1 billion in 2009 versus 2008 .", "our fuel price per gallon declined 44% ( 44 % ) during 2009 , decreasing operating expenses by $ 1.3 billion compared to 2008 .", "cost savings from lower volume , productivity improvements , and better resource utilization also decreased operating expenses in 2009 .", "in addition , lower casualty expense resulting primarily from improving trends in safety performance decreased operating expenses in 2009 .", "conversely , wage and benefit inflation partially offset these reductions .", "compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs .", "general wage and benefit inflation increased costs by approximately $ 190 million in 2010 compared to 2009 .", "volume- related expenses and higher equity and incentive compensation also drove costs up during the year .", "workforce levels declined 1% ( 1 % ) in 2010 compared to 2009 as network efficiencies and ongoing productivity initiatives enabled us to effectively handle the 13% ( 13 % ) increase in volume levels with fewer employees .", "lower volume and productivity initiatives led to a 10% ( 10 % ) decline in our workforce in 2009 compared to 2008 , saving $ 516 million during the year .", "conversely , general wage and benefit inflation increased expenses , partially offsetting these savings .", "fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment .", "higher diesel fuel prices , which averaged $ 2.29 per gallon ( including taxes and transportation costs ) in 2010 compared to $ 1.75 per gallon in 2009 , increased expenses by $ 566 million .", "volume , as measured by gross ton-miles , increased 10% ( 10 % ) in 2010 versus 2009 , driving fuel expense up by $ 166 million .", "conversely , the use of newer , more fuel efficient locomotives , our fuel conservation programs and efficient network operations drove a 3% ( 3 % ) improvement in our fuel consumption rate in 2010 , resulting in $ 40 million of cost savings versus 2009 at the 2009 average fuel price .", "lower diesel fuel prices , which averaged $ 1.75 per gallon ( including taxes and transportation costs ) in 2009 compared to $ 3.15 per gallon in 2008 , reduced expenses by $ 1.3 billion in 2009 .", "volume , as measured by gross ton-miles , decreased 17% ( 17 % ) in 2009 , lowering expenses by $ 664 million compared to 2008 .", "our fuel consumption rate improved 4% ( 4 % ) in 2009 , resulting in $ 147 million of cost savings versus 2008 at the 2008 average fuel price .", "the consumption rate savings versus 2008 using the lower 2009 fuel price was $ 68 million .", "newer , more fuel efficient locomotives , reflecting locomotive acquisitions in recent years and the impact of a smaller fleet due to storage of some of our older locomotives ; increased use of 2010 operating expenses ." ]

[ [ "<i>Millions</i>", "<i>2010</i>", "<i>2009</i>", "<i>2008</i>", "<i>% Change</i> <i>2010 v 2009</i>", "<i>% Change</i><i>2009 v 2008</i>" ], [ "Compensation and benefits", "$4,314", "$4,063", "$4,457", "6%", "(9)%" ], [ "Fuel", "2,486", "1,763", "3,983", "41", "(56)" ], [ "Purchased services and materials", "1,836", "1,644", "1,928", "12", "(15)" ], [ "Depreciation", "1,487", "1,427", "1,366", "4", "4" ], [ "Equipment and other rents", "1,142", "1,180", "1,326", "(3)", "(11)" ], [ "Other", "719", "687", "840", "5", "(18)" ], [ "Total", "$11,984", "$10,764", "$13,900", "11%", "(23)%" ] ]

[ [ "millions", "2010", "2009", "2008", "% ( % ) change 2010 v 2009", "% ( % ) change2009 v 2008" ], [ "compensation and benefits", "$ 4314", "$ 4063", "$ 4457", "6% ( 6 % )", "( 9 ) % ( % )" ], [ "fuel", "2486", "1763", "3983", "41", "-56 ( 56 )" ], [ "purchased services and materials", "1836", "1644", "1928", "12", "-15 ( 15 )" ], [ "depreciation", "1487", "1427", "1366", "4", "4" ], [ "equipment and other rents", "1142", "1180", "1326", "-3 ( 3 )", "-11 ( 11 )" ], [ "other", "719", "687", "840", "5", "-18 ( 18 )" ], [ "total", "$ 11984", "$ 10764", "$ 13900", "11% ( 11 % )", "( 23 ) % ( % )" ] ]

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[ "shareholder return performance the line graph below compares the annual percentage change in ball corporation fffds cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2011 .", "it assumes $ 100 was invested on december 31 , 2006 , and that all dividends were reinvested .", "the dow jones containers & packaging index total return has been weighted by market capitalization .", "total return to stockholders ( assumes $ 100 investment on 12/31/06 ) total return analysis ." ]

[ "copyright a9 2012 standard & poor fffds , a division of the mcgraw-hill companies inc .", "all rights reserved .", "( www.researchdatagroup.com/s&p.htm ) copyright a9 2012 dow jones & company .", "all rights reserved. ." ]

[ [ "", "12/31/2006", "12/31/2007", "12/31/2008", "12/31/2009", "12/31/2010", "12/31/2011" ], [ "Ball Corporation", "$100.00", "$104.05", "$97.04", "$121.73", "$161.39", "$170.70" ], [ "DJ US Containers & Packaging", "$100.00", "$106.73", "$66.91", "$93.98", "$110.23", "$110.39" ], [ "S&P 500", "$100.00", "$105.49", "$66.46", "$84.05", "$96.71", "$98.75" ] ]

[ [ "", "12/31/2006", "12/31/2007", "12/31/2008", "12/31/2009", "12/31/2010", "12/31/2011" ], [ "ball corporation", "$ 100.00", "$ 104.05", "$ 97.04", "$ 121.73", "$ 161.39", "$ 170.70" ], [ "dj us containers & packaging", "$ 100.00", "$ 106.73", "$ 66.91", "$ 93.98", "$ 110.23", "$ 110.39" ], [ "s&p 500", "$ 100.00", "$ 105.49", "$ 66.46", "$ 84.05", "$ 96.71", "$ 98.75" ] ]

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[ "the second largest closed-end fund manager and a top- ten manager by aum and 2013 net flows of long-term open-end mutual funds1 .", "in 2013 , we were also the leading manager by net flows for long-dated fixed income mutual funds1 .", "2022 we have fully integrated our legacy retail and ishares retail distribution teams to create a unified client-facing presence .", "as retail clients increasingly use blackrock 2019s capabilities in combination 2014 active , alternative and passive 2014 it is a strategic priority for blackrock to coherently deliver these capabilities through one integrated team .", "2022 international retail long-term net inflows of $ 17.5 billion , representing 15% ( 15 % ) organic growth , were positive across major regions and diversified across asset classes .", "equity net inflows of $ 6.4 billion were driven by strong demand for our top-performing european equities franchise as investor risk appetite for the sector improved .", "multi-asset class and fixed income products each generated net inflows of $ 4.8 billion , as investors looked to manage duration and volatility in their portfolios .", "in 2013 , we were ranked as the third largest cross border fund provider2 .", "in the united kingdom , we ranked among the five largest fund managers2 .", "ishares ." ]

[ "alternatives ( 2 ) 24337 ( 3053 ) 1645 ( 6837 ) 16092 total ishares $ 752706 $ 63971 $ 15960 $ 81735 $ 914372 ( 1 ) amounts represent $ 16.0 billion of aum acquired in the credit suisse etf acquisition in july 2013 .", "( 2 ) amounts include commodity ishares .", "ishares is the leading etf provider in the world , with $ 914.4 billion of aum at december 31 , 2013 , and was the top asset gatherer globally in 20133 with $ 64.0 billion of net inflows for an organic growth rate of 8% ( 8 % ) .", "equity net inflows of $ 74.1 billion were driven by flows into funds with broad developed market exposures , partially offset by outflows from emerging markets products .", "ishares fixed income experienced net outflows of $ 7.5 billion , as the continued low interest rate environment led many liquidity-oriented investors to sell long-duration assets , which made up the majority of the ishares fixed income suite .", "in 2013 , we launched several funds to meet demand from clients seeking protection in a rising interest rate environment by offering an expanded product set that includes four new u.s .", "funds , including short-duration versions of our flagship high yield and investment grade credit products , and short maturity and liquidity income funds .", "ishares alternatives had $ 3.1 billion of net outflows predominantly out of commodities .", "ishares represented 23% ( 23 % ) of long-term aum at december 31 , 2013 and 35% ( 35 % ) of long-term base fees for ishares offers the most diverse product set in the industry with 703 etfs at year-end 2013 , and serves the broadest client base , covering more than 25 countries on five continents .", "during 2013 , ishares continued its dual commitment to innovation and responsible product structuring by introducing 42 new etfs , acquiring credit suisse 2019s 58 etfs in europe and entering into a critical new strategic alliance with fidelity investments to deliver fidelity 2019s more than 10 million clients increased access to ishares products , tools and support .", "our alliance with fidelity investments and a successful full first year for the core series have deeply expanded our presence and offerings among buy-and-hold investors .", "our broad product range offers investors a precise , transparent and low-cost way to tap market returns and gain access to a full range of asset classes and global markets that have been difficult or expensive for many investors to access until now , as well as the liquidity required to make adjustments to their exposures quickly and cost-efficiently .", "2022 u.s .", "ishares aum ended at $ 655.6 billion with $ 41.4 billion of net inflows driven by strong demand for developed markets equities and short-duration fixed income .", "during the fourth quarter of 2012 , we debuted the core series in the united states , designed to provide the essential building blocks for buy-and-hold investors to use in constructing the core of their portfolio .", "the core series demonstrated solid results in its first full year , raising $ 20.0 billion in net inflows , primarily in u.s .", "equities .", "in the united states , ishares maintained its position as the largest etf provider , with 39% ( 39 % ) share of aum3 .", "2022 international ishares aum ended at $ 258.8 billion with robust net new business of $ 22.6 billion led by demand for european and japanese equities , as well as a diverse range of fixed income products .", "at year-end 2013 , ishares was the largest european etf provider with 48% ( 48 % ) of aum3 .", "1 simfund 2 lipper feri 3 blackrock ; bloomberg ." ]

[ [ "", "Component Changes in AUM — iShares" ], [ "<i>(in millions)</i>", "12/31/2012", "Net New Business", "Acquisition⁽¹⁾", "Market / FX", "12/31/2013" ], [ "Equity", "$534,648", "$74,119", "$13,021", "$96,347", "$718,135" ], [ "Fixed income", "192,852", "(7,450)", "1,294", "(7,861)", "178,835" ], [ "Multi-asset class", "869", "355", "—", "86", "1,310" ], [ "Alternatives⁽²⁾", "24,337", "(3,053)", "1,645", "(6,837)", "16,092" ], [ "Total <i>iShares</i>", "$752,706", "$63,971", "$15,960", "$81,735", "$914,372" ] ]

[ [ "( in millions )", "component changes in aum 2014 ishares 12/31/2012", "component changes in aum 2014 ishares net new business", "component changes in aum 2014 ishares acquisition ( 1 )", "component changes in aum 2014 ishares market / fx", "component changes in aum 2014 ishares 12/31/2013" ], [ "equity", "$ 534648", "$ 74119", "$ 13021", "$ 96347", "$ 718135" ], [ "fixed income", "192852", "-7450 ( 7450 )", "1294", "-7861 ( 7861 )", "178835" ], [ "multi-asset class", "869", "355", "2014", "86", "1310" ], [ "alternatives ( 2 )", "24337", "-3053 ( 3053 )", "1645", "-6837 ( 6837 )", "16092" ], [ "total ishares", "$ 752706", "$ 63971", "$ 15960", "$ 81735", "$ 914372" ] ]

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[ "dish network corporation notes to consolidated financial statements - continued recorded as a decrease in 201cincome tax ( provision ) benefit , net 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 .", "10 .", "discontinued operations as of december 31 , 2013 , blockbuster had ceased material operations .", "the results of blockbuster are presented for all periods as discontinued operations in our consolidated financial statements .", "during the years ended december 31 , 2013 and 2012 , the revenue from our discontinued operations was $ 503 million and $ 1.085 billion , respectively .", "201cincome ( loss ) from discontinued operations , before income taxes 201d for the same periods was a loss of $ 54 million and $ 62 million , respectively .", "in addition , 201cincome ( loss ) from discontinued operations , net of tax 201d for the same periods was a loss of $ 47 million and $ 37 million , respectively .", "as of december 31 , 2013 , the net assets from our discontinued operations consisted of the following : december 31 , 2013 ( in thousands ) ." ]

[ "blockbuster - domestic since the blockbuster acquisition , we continually evaluated the impact of certain factors , including , among other things , competitive pressures , the ability of significantly fewer company-owned domestic retail stores to continue to support corporate administrative costs , and other issues impacting the store-level financial performance of our company-owned domestic retail stores .", "these factors , among others , previously led us to close a significant number of company-owned domestic retail stores during 2012 and 2013 .", "on november 6 , 2013 , we announced that blockbuster would close all of its remaining company-owned domestic retail stores and discontinue the blockbuster by-mail dvd service .", "as of december 31 , 2013 , blockbuster had ceased material operations .", "blockbuster 2013 mexico during the third quarter 2013 , we determined that our blockbuster operations in mexico ( 201cblockbuster mexico 201d ) were 201cheld for sale . 201d as a result , we recorded pre-tax impairment charges of $ 19 million related to exiting the business , which was recorded in 201cincome ( loss ) from discontinued operations , net of tax 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 .", "on january 14 , 2014 , we completed the sale of blockbuster mexico .", "blockbuster uk administration on january 16 , 2013 , blockbuster entertainment limited and blockbuster gb limited , our blockbuster operating subsidiaries in the united kingdom , entered into administration proceedings in the united kingdom ( the 201cadministration 201d ) .", "as a result of the administration , we wrote down the assets of all our blockbuster uk subsidiaries to their estimated net realizable value on our consolidated balance sheets as of december 31 , 2012 .", "in total , we recorded charges of approximately $ 46 million on a pre-tax basis related to the administration , which was recorded in 201cincome ( loss ) from discontinued operations , net of tax 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2012. ." ]

[ [ "", "As of December 31, 2013 (In thousands)" ], [ "Current assets from discontinued operations", "$68,239" ], [ "Noncurrent assets from discontinued operations", "9,965" ], [ "Current liabilities from discontinued operations", "(49,471)" ], [ "Long-term liabilities from discontinued operations", "(19,804)" ], [ "Net assets from discontinued operations", "$8,929" ] ]

[ [ "", "as of december 31 2013 ( in thousands )" ], [ "current assets from discontinued operations", "$ 68239" ], [ "noncurrent assets from discontinued operations", "9965" ], [ "current liabilities from discontinued operations", "-49471 ( 49471 )" ], [ "long-term liabilities from discontinued operations", "-19804 ( 19804 )" ], [ "net assets from discontinued operations", "$ 8929" ] ]

[]

[ "notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .", "1 .", "nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .", "our network includes 31868 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .", "gateways and providing several corridors to key mexican gateways .", "we own 26020 miles and operate on the remainder pursuant to trackage rights or leases .", "we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .", "export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .", "the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .", "although we provide and review revenue by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network .", "the following table provides freight revenue by commodity group : millions 2012 2011 2010 ." ]

[ "although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s .", "each of our commodity groups includes revenue from shipments to and from mexico .", "included in the above table are revenues from our mexico business which amounted to $ 1.9 billion in 2012 , $ 1.8 billion in 2011 , and $ 1.6 billion in 2010 .", "basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .", "( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .", "2 .", "significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .", "investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .", "all intercompany transactions are eliminated .", "we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .", "cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .", "accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .", "the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .", "receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. ." ]

[ [ "<i>Millions</i>", "<i>2012</i>", "<i>2011</i>", "<i>2010</i>" ], [ "Agricultural", "$3,280", "$3,324", "$3,018" ], [ "Automotive", "1,807", "1,510", "1,271" ], [ "Chemicals", "3,238", "2,815", "2,425" ], [ "Coal", "3,912", "4,084", "3,489" ], [ "Industrial Products", "3,494", "3,166", "2,639" ], [ "Intermodal", "3,955", "3,609", "3,227" ], [ "Total freight revenues", "$19,686", "$18,508", "$16,069" ], [ "Other revenues", "1,240", "1,049", "896" ], [ "Total operatingrevenues", "$20,926", "$19,557", "$16,965" ] ]

[ [ "millions", "2012", "2011", "2010" ], [ "agricultural", "$ 3280", "$ 3324", "$ 3018" ], [ "automotive", "1807", "1510", "1271" ], [ "chemicals", "3238", "2815", "2425" ], [ "coal", "3912", "4084", "3489" ], [ "industrial products", "3494", "3166", "2639" ], [ "intermodal", "3955", "3609", "3227" ], [ "total freight revenues", "$ 19686", "$ 18508", "$ 16069" ], [ "other revenues", "1240", "1049", "896" ], [ "total operatingrevenues", "$ 20926", "$ 19557", "$ 16965" ] ]

[ { "arg1": "1.9", "arg2": "const_1000", "op": "multiply2-1", "res": "1900" }, { "arg1": "#0", "arg2": "20926", "op": "divide2-2", "res": "9.1%" } ]

[ "notes to consolidated financial statements under the regulatory framework for prompt corrective action applicable to gs bank usa , in order to meet the quantitative requirements for being a 201cwell-capitalized 201d depository institution , gs bank usa is required to maintain a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) and a tier 1 leverage ratio of at least 5% ( 5 % ) .", "gs bank usa agreed with the federal reserve board to maintain minimum capital ratios in excess of these 201cwell- capitalized 201d levels .", "accordingly , for a period of time , gs bank usa is expected to maintain a tier 1 capital ratio of at least 8% ( 8 % ) , a total capital ratio of at least 11% ( 11 % ) and a tier 1 leverage ratio of at least 6% ( 6 % ) .", "as noted in the table below , gs bank usa was in compliance with these minimum capital requirements as of december 2013 and december 2012 .", "the table below presents information regarding gs bank usa 2019s regulatory capital ratios under basel i , as implemented by the federal reserve board .", "the information as of december 2013 reflects the revised market risk regulatory capital requirements , which became effective on january 1 , 2013 .", "these changes resulted in increased regulatory capital requirements for market risk .", "the information as of december 2012 is prior to the implementation of these revised market risk regulatory capital requirements. ." ]

[ "the revised capital framework described above is also applicable to gs bank usa , which is an advanced approach banking organization under this framework .", "gs bank usa has also been informed by the federal reserve board that it has completed a satisfactory parallel run , as required of advanced approach banking organizations under the revised capital framework , and therefore changes to its calculations of rwas will take effect beginning with the second quarter of 2014 .", "under the revised capital framework , as of january 1 , 2014 , gs bank usa became subject to a new minimum cet1 ratio requirement of 4% ( 4 % ) , increasing to 4.5% ( 4.5 % ) in 2015 .", "in addition , the revised capital framework changes the standards for 201cwell-capitalized 201d status under prompt corrective action regulations beginning january 1 , 2015 by , among other things , introducing a cet1 ratio requirement of 6.5% ( 6.5 % ) and increasing the tier 1 capital ratio requirement from 6% ( 6 % ) to 8% ( 8 % ) .", "in addition , commencing january 1 , 2018 , advanced approach banking organizations must have a supplementary leverage ratio of 3% ( 3 % ) or greater .", "the basel committee published its final guidelines for calculating incremental capital requirements for domestic systemically important banking institutions ( d-sibs ) .", "these guidelines are complementary to the framework outlined above for g-sibs .", "the impact of these guidelines on the regulatory capital requirements of gs bank usa will depend on how they are implemented by the banking regulators in the united states .", "the deposits of gs bank usa are insured by the fdic to the extent provided by law .", "the federal reserve board requires depository institutions to maintain cash reserves with a federal reserve bank .", "the amount deposited by the firm 2019s depository institution held at the federal reserve bank was approximately $ 50.39 billion and $ 58.67 billion as of december 2013 and december 2012 , respectively , which exceeded required reserve amounts by $ 50.29 billion and $ 58.59 billion as of december 2013 and december 2012 , respectively .", "transactions between gs bank usa and its subsidiaries and group inc .", "and its subsidiaries and affiliates ( other than , generally , subsidiaries of gs bank usa ) are regulated by the federal reserve board .", "these regulations generally limit the types and amounts of transactions ( including credit extensions from gs bank usa ) that may take place and generally require those transactions to be on market terms or better to gs bank usa .", "the firm 2019s principal non-u.s .", "bank subsidiary , gsib , is a wholly-owned credit institution , regulated by the prudential regulation authority ( pra ) and the financial conduct authority ( fca ) and is subject to minimum capital requirements .", "as of december 2013 and december 2012 , gsib was in compliance with all regulatory capital requirements .", "goldman sachs 2013 annual report 193 ." ]

[ [ "", "As of December" ], [ "<i>$ in millions</i>", "2013", "2012" ], [ "Tier 1 capital", "$ 20,086", "$ 20,704" ], [ "Tier 2 capital", "$ 116", "$ 39" ], [ "Total capital", "$ 20,202", "$ 20,743" ], [ "Risk-weighted assets", "$134,935", "$109,669" ], [ "Tier 1 capital ratio", "14.9%", "18.9%" ], [ "Total capital ratio", "15.0%", "18.9%" ], [ "Tier 1 leverage ratio", "16.9%", "17.6%" ] ]

[ [ "$ in millions", "as of december 2013", "as of december 2012" ], [ "tier 1 capital", "$ 20086", "$ 20704" ], [ "tier 2 capital", "$ 116", "$ 39" ], [ "total capital", "$ 20202", "$ 20743" ], [ "risk-weighted assets", "$ 134935", "$ 109669" ], [ "tier 1 capital ratio", "14.9% ( 14.9 % )", "18.9% ( 18.9 % )" ], [ "total capital ratio", "15.0% ( 15.0 % )", "18.9% ( 18.9 % )" ], [ "tier 1 leverage ratio", "16.9% ( 16.9 % )", "17.6% ( 17.6 % )" ] ]

[ { "arg1": "8%", "arg2": "const_100", "op": "divide1-1", "res": ".08" }, { "arg1": "134935", "arg2": "#0", "op": "multiply1-2", "res": "10795" }, { "arg1": "134935", "arg2": "#1", "op": "minus1-3", "res": "124137" } ]

[ "overview we finance our operations and capital expenditures through a combination of internally generated cash from operations and from borrowings under our senior secured asset-based revolving credit facility .", "we believe that our current sources of funds will be sufficient to fund our cash operating requirements for the next year .", "in addition , we believe that , in spite of the uncertainty of future macroeconomic conditions , we have adequate sources of liquidity and funding available to meet our longer-term needs .", "however , there are a number of factors that may negatively impact our available sources of funds .", "the amount of cash generated from operations will be dependent upon factors such as the successful execution of our business plan and general economic conditions .", "long-term debt activities during the year ended december 31 , 2014 , we had significant debt refinancings .", "in connection with these refinancings , we recorded a loss on extinguishment of long-term debt of $ 90.7 million in our consolidated statement of operations for the year ended december 31 , 2014 .", "see note 7 to the accompanying audited consolidated financial statements included elsewhere in this report for additional details .", "share repurchase program on november 6 , 2014 , we announced that our board of directors approved a $ 500 million share repurchase program effective immediately under which we may repurchase shares of our common stock in the open market or through privately negotiated transactions , depending on share price , market conditions and other factors .", "the share repurchase program does not obligate us to repurchase any dollar amount or number of shares , and repurchases may be commenced or suspended from time to time without prior notice .", "as of the date of this filing , no shares have been repurchased under the share repurchase program .", "dividends a summary of 2014 dividend activity for our common stock is shown below: ." ]

[ "on february 10 , 2015 , we announced that our board of directors declared a quarterly cash dividend on our common stock of $ 0.0675 per share .", "the dividend will be paid on march 10 , 2015 to all stockholders of record as of the close of business on february 25 , 2015 .", "the payment of any future dividends will be at the discretion of our board of directors and will depend upon our results of operations , financial condition , business prospects , capital requirements , contractual restrictions , any potential indebtedness we may incur , restrictions imposed by applicable law , tax considerations and other factors that our board of directors deems relevant .", "in addition , our ability to pay dividends on our common stock will be limited by restrictions on our ability to pay dividends or make distributions to our stockholders and on the ability of our subsidiaries to pay dividends or make distributions to us , in each case , under the terms of our current and any future agreements governing our indebtedness .", "table of contents ." ]

[ [ "Dividend Amount", "Declaration Date", "Record Date", "Payment Date" ], [ "$0.0425", "February 12, 2014", "February 25, 2014", "March 10, 2014" ], [ "$0.0425", "May 8, 2014", "May 27, 2014", "June 10, 2014" ], [ "$0.0425", "July 31, 2014", "August 25, 2014", "September 10, 2014" ], [ "$0.0675", "November 6, 2014", "November 25, 2014", "December 10, 2014" ] ]

[ [ "dividend amount", "declaration date", "record date", "payment date" ], [ "$ 0.0425", "february 12 2014", "february 25 2014", "march 10 2014" ], [ "$ 0.0425", "may 8 2014", "may 27 2014", "june 10 2014" ], [ "$ 0.0425", "july 31 2014", "august 25 2014", "september 10 2014" ], [ "$ 0.0675", "november 6 2014", "november 25 2014", "december 10 2014" ] ]

[]

[ "contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules .", "in 2015 , we made $ 5 million in contributions to our new sikorsky bargained qualified defined benefit pension plan and we plan to make approximately $ 25 million in contributions to this plan in 2016 .", "the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2015 ( in millions ) : ." ]

[ "defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees .", "under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents .", "our contributions were $ 393 million in 2015 , $ 385 million in 2014 and $ 383 million in 2013 , the majority of which were funded in our common stock .", "our defined contribution plans held approximately 40.0 million and 41.7 million shares of our common stock as of december 31 , 2015 and 2014 .", "note 12 2013 stockholders 2019 equity at december 31 , 2015 and 2014 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock .", "of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust .", "of the 316 million shares of common stock issued and outstanding as of december 31 , 2014 , 314 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust .", "no shares of preferred stock were issued and outstanding at december 31 , 2015 or 2014 .", "repurchases of common stock during 2015 , we repurchased 15.2 million shares of our common stock for $ 3.1 billion .", "during 2014 and 2013 , we paid $ 1.9 billion and $ 1.8 billion to repurchase 11.5 million and 16.2 million shares of our common stock .", "on september 24 , 2015 , our board of directors approved a $ 3.0 billion increase to our share repurchase program .", "inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.6 billion as of december 31 , 2015 .", "as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital .", "due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 2.4 billion and $ 1.1 billion recorded as a reduction of retained earnings in 2015 and 2014 .", "we paid dividends totaling $ 1.9 billion ( $ 6.15 per share ) in 2015 , $ 1.8 billion ( $ 5.49 per share ) in 2014 and $ 1.5 billion ( $ 4.78 per share ) in 2013 .", "we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2015 .", "we declared quarterly dividends of $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014 ; and $ 1.15 per share during each of the first three quarters of 2013 and $ 1.33 per share during the fourth quarter of 2013. ." ]

[ [ "", "2016", "2017", "2018", "2019", "2020", "2021 - 2025" ], [ "Qualified defined benefit pension plans", "$2,160", "$2,240", "$2,320", "$2,410", "$2,500", "$13,670" ], [ "Retiree medical and life insurance plans", "190", "190", "200", "200", "200", "940" ] ]

[ [ "", "2016", "2017", "2018", "2019", "2020", "2021 - 2025" ], [ "qualified defined benefit pension plans", "$ 2160", "$ 2240", "$ 2320", "$ 2410", "$ 2500", "$ 13670" ], [ "retiree medical and life insurance plans", "190", "190", "200", "200", "200", "940" ] ]

[]

[ "page 27 of 100 other liquidity items cash payments required for long-term debt maturities , rental payments under noncancellable operating leases , purchase obligations and other commitments in effect at december 31 , 2010 , are summarized in the following table: ." ]

[ "total payments on contractual obligations $ 10697.7 $ 2935.6 $ 4321.2 $ 785.9 $ 2655.0 ( a ) amounts reported in local currencies have been translated at the year-end 2010 exchange rates .", "( b ) for variable rate facilities , amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments .", "( c ) the company 2019s purchase obligations include contracted amounts for aluminum , steel and other direct materials .", "also included are commitments for purchases of natural gas and electricity , aerospace and technologies contracts and other less significant items .", "in cases where variable prices and/or usage are involved , management 2019s best estimates have been used .", "depending on the circumstances , early termination of the contracts may or may not result in penalties and , therefore , actual payments could vary significantly .", "the table above does not include $ 60.1 million of uncertain tax positions , the timing of which is uncertain .", "contributions to the company 2019s defined benefit pension plans , not including the unfunded german plans , are expected to be in the range of $ 30 million in 2011 .", "this estimate may change based on changes in the pension protection act and actual plan asset performance , among other factors .", "benefit payments related to these plans are expected to be $ 71.4 million , $ 74.0 million , $ 77.1 million , $ 80.3 million and $ 84.9 million for the years ending december 31 , 2011 through 2015 , respectively , and a total of $ 483.1 million for the years 2016 through 2020 .", "payments to participants in the unfunded german plans are expected to be between $ 21.8 million ( 20ac16.5 million ) to $ 23.2 million ( 20ac17.5 million ) in each of the years 2011 through 2015 and a total of $ 102.7 million ( 20ac77.5 million ) for the years 2016 through 2020 .", "for the u.s .", "pension plans in 2011 , we changed our return on asset assumption to 8.00 percent ( from 8.25 percent in 2010 ) and our discount rate assumption to an average of 5.55 percent ( from 6.00 percent in 2010 ) .", "based on the changes in assumptions , pension expense in 2011 is anticipated to be relatively flat compared to 2010 .", "a reduction of the expected return on pension assets assumption by a quarter of a percentage point would result in an estimated $ 2.9 million increase in the 2011 global pension expense , while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $ 3.5 million of additional pension expense in 2011 .", "additional information regarding the company 2019s pension plans is provided in note 14 accompanying the consolidated financial statements within item 8 of this report .", "annual cash dividends paid on common stock were 20 cents per share in 2010 , 2009 and 2008 .", "total dividends paid were $ 35.8 million in 2010 , $ 37.4 million in 2009 and $ 37.5 million in 2008 .", "on january 26 , 2011 , the company 2019s board of directors approved an increase in the quarterly dividends to 7 cents per share .", "share repurchases our share repurchases , net of issuances , totaled $ 506.7 million in 2010 , $ 5.1 million in 2009 and $ 299.6 million in 2008 .", "on november 2 , 2010 , we acquired 2775408 shares of our publicly held common stock in a private transaction for $ 88.8 million .", "on february 17 , 2010 , we entered into an accelerated share repurchase agreement to buy $ 125.0 million of our common shares using cash on hand and available borrowings .", "we advanced the $ 125.0 million on february 22 , 2010 , and received 4323598 shares , which represented 90 percent of the total shares as calculated using the previous day 2019s closing price .", "the agreement was settled on may 20 , 2010 , and the company received an additional 398206 shares .", "net repurchases in 2008 included a $ 31 million settlement on january 7 , 2008 , of a forward contract entered into in december 2007 for the repurchase of 1350000 shares .", "from january 1 through february 24 , 2011 , ball repurchased an additional $ 143.3 million of its common stock. ." ]

[ [ "", "Payments Due By Period(a)" ], [ "($ in millions)", "Total", "Less than1 Year", "1-3 Years", "3-5 Years", "More than5 Years" ], [ "Long-term debt, including capital leases", "$2,750.1", "$34.5", "$188.3", "$367.1", "$2,160.2" ], [ "Interest payments on long-term debt(b)", "1,267.5", "160.5", "316.4", "304.2", "486.4" ], [ "Operating leases", "93.2", "31.1", "37.1", "16.6", "8.4" ], [ "Purchase obligations(c)", "6,586.9", "2,709.5", "3,779.4", "98.0", "−" ], [ "Total payments on contractual obligations", "$10,697.7", "$2,935.6", "$4,321.2", "$785.9", "$2,655.0" ] ]

[ [ "( $ in millions )", "payments due by period ( a ) total", "payments due by period ( a ) less than1 year", "payments due by period ( a ) 1-3 years", "payments due by period ( a ) 3-5 years", "payments due by period ( a ) more than5 years" ], [ "long-term debt including capital leases", "$ 2750.1", "$ 34.5", "$ 188.3", "$ 367.1", "$ 2160.2" ], [ "interest payments on long-term debt ( b )", "1267.5", "160.5", "316.4", "304.2", "486.4" ], [ "operating leases", "93.2", "31.1", "37.1", "16.6", "8.4" ], [ "purchase obligations ( c )", "6586.9", "2709.5", "3779.4", "98.0", "2212" ], [ "total payments on contractual obligations", "$ 10697.7", "$ 2935.6", "$ 4321.2", "$ 785.9", "$ 2655.0" ] ]

[ { "arg1": "31", "arg2": "const_1000000", "op": "multiply2-1", "res": "31000000" }, { "arg1": "#0", "arg2": "1350000", "op": "divide2-2", "res": "22.96" } ]

[ "the goldman sachs group , inc .", "and subsidiaries management 2019s discussion and analysis net revenues the table below presents our net revenues by line item in the consolidated statements of earnings. ." ]

[ "in the table above : 2030 investment banking consists of revenues ( excluding net interest ) from financial advisory and underwriting assignments , as well as derivative transactions directly related to these assignments .", "these activities are included in our investment banking segment .", "2030 investment management consists of revenues ( excluding net interest ) from providing investment management services to a diverse set of clients , as well as wealth advisory services and certain transaction services to high-net-worth individuals and families .", "these activities are included in our investment management segment .", "2030 commissions and fees consists of revenues from executing and clearing client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter ( otc ) transactions .", "these activities are included in our institutional client services and investment management segments .", "2030 market making consists of revenues ( excluding net interest ) from client execution activities related to making markets in interest rate products , credit products , mortgages , currencies , commodities and equity products .", "these activities are included in our institutional client services segment .", "2030 other principal transactions consists of revenues ( excluding net interest ) from our investing activities and the origination of loans to provide financing to clients .", "in addition , other principal transactions includes revenues related to our consolidated investments .", "these activities are included in our investing & lending segment .", "operating environment .", "during 2017 , generally higher asset prices and tighter credit spreads were supportive of industry-wide underwriting activities , investment management performance and other principal transactions .", "however , low levels of volatility in equity , fixed income , currency and commodity markets continued to negatively affect our market-making activities , particularly in fixed income , currency and commodity products .", "the price of natural gas decreased significantly during 2017 , while the price of oil increased compared with the end of 2016 .", "if the trend of low volatility continues over the long term and market-making activity levels remain low , or if investment banking activity levels , asset prices or assets under supervision decline , net revenues would likely be negatively impacted .", "see 201csegment operating results 201d below for further information about the operating environment and material trends and uncertainties that may impact our results of operations .", "the first half of 2016 included challenging trends in the operating environment for our business activities including concerns and uncertainties about global economic growth , central bank activity and the political uncertainty and economic implications surrounding the potential exit of the u.k .", "from the e.u .", "during the second half of 2016 , the operating environment improved , as global equity markets steadily increased and investment grade and high-yield credit spreads tightened .", "these trends provided a more favorable backdrop for our business activities .", "2017 versus 2016 net revenues in the consolidated statements of earnings were $ 32.07 billion for 2017 , 5% ( 5 % ) higher than 2016 , due to significantly higher other principal transactions revenues , and higher investment banking revenues , investment management revenues and net interest income .", "these increases were partially offset by significantly lower market making revenues and lower commissions and fees .", "non-interest revenues .", "investment banking revenues in the consolidated statements of earnings were $ 7.37 billion for 2017 , 18% ( 18 % ) higher than 2016 .", "revenues in financial advisory were higher compared with 2016 , reflecting an increase in completed mergers and acquisitions transactions .", "revenues in underwriting were significantly higher compared with 2016 , due to significantly higher revenues in both debt underwriting , primarily reflecting an increase in industry-wide leveraged finance activity , and equity underwriting , reflecting an increase in industry-wide secondary offerings .", "52 goldman sachs 2017 form 10-k ." ]

[ [ "", "Year Ended December" ], [ "<i>$ in millions</i>", "2017", "2016", "2015" ], [ "Investment banking", "$ 7,371", "$ 6,273", "$ 7,027" ], [ "Investment management", "5,803", "5,407", "5,868" ], [ "Commissions and fees", "3,051", "3,208", "3,320" ], [ "Market making", "7,660", "9,933", "9,523" ], [ "Other principal transactions", "5,256", "3,200", "5,018" ], [ "Totalnon-interestrevenues", "29,141", "28,021", "30,756" ], [ "Interest income", "13,113", "9,691", "8,452" ], [ "Interest expense", "10,181", "7,104", "5,388" ], [ "Net interest income", "2,932", "2,587", "3,064" ], [ "Total net revenues", "$32,073", "$30,608", "$33,820" ] ]

[ [ "$ in millions", "year ended december 2017", "year ended december 2016", "year ended december 2015" ], [ "investment banking", "$ 7371", "$ 6273", "$ 7027" ], [ "investment management", "5803", "5407", "5868" ], [ "commissions and fees", "3051", "3208", "3320" ], [ "market making", "7660", "9933", "9523" ], [ "other principal transactions", "5256", "3200", "5018" ], [ "totalnon-interestrevenues", "29141", "28021", "30756" ], [ "interest income", "13113", "9691", "8452" ], [ "interest expense", "10181", "7104", "5388" ], [ "net interest income", "2932", "2587", "3064" ], [ "total net revenues", "$ 32073", "$ 30608", "$ 33820" ] ]

[ { "arg1": "30608", "arg2": "33820", "op": "minus2-1", "res": "-3212" }, { "arg1": "#0", "arg2": "33820", "op": "divide2-2", "res": "-9.5%" } ]

[ "between the actual return on plan assets compared to the expected return on plan assets ( u.s .", "pension plans had an actual rate of return of 7.8 percent compared to an expected rate of return of 6.9 percent ) .", "2022 2015 net mark-to-market loss of $ 179 million - primarily due to the difference between the actual return on plan assets compared to the expected return on plan assets ( u.s .", "pension plans had an actual rate of return of ( 2.0 ) percent compared to an expected rate of return of 7.4 percent ) which was partially offset by higher discount rates at the end of 2015 compared to 2014 .", "the net mark-to-market losses were in the following results of operations line items: ." ]

[ "effective january 1 , 2018 , we adopted new accounting guidance issued by the fasb related to the presentation of net periodic pension and opeb costs .", "this guidance requires that an employer disaggregate the service cost component from the other components of net benefit cost .", "service cost is required to be reported in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period .", "the other components of net benefit cost are required to be reported outside the subtotal for income from operations .", "as a result , components of pension and opeb costs , other than service costs , will be reclassified from operating costs to other income/expense .", "this change will be applied retrospectively to prior years .", "in the fourth quarter of 2017 , the company reviewed and made changes to the mortality assumptions primarily for our u.s .", "pension plans which resulted in an overall increase in the life expectancy of plan participants .", "as of december 31 , 2017 these changes resulted in an increase in our liability for postemployment benefits of approximately $ 290 million .", "in the fourth quarter of 2016 , the company adopted new mortality improvement scales released by the soa for our u.s .", "pension and opeb plans .", "as of december 31 , 2016 , this resulted in an increase in our liability for postemployment benefits of approximately $ 200 million .", "in the first quarter of 2017 , we announced the closure of our gosselies , belgium facility .", "this announcement impacted certain employees that participated in a defined benefit pension plan and resulted in a curtailment and the recognition of termination benefits .", "in march 2017 , we recognized a net loss of $ 20 million for the curtailment and termination benefits .", "in addition , we announced the decision to phase out production at our aurora , illinois , facility , which resulted in termination benefits of $ 9 million for certain hourly employees that participate in our u.s .", "hourly defined benefit pension plan .", "beginning in 2016 , we elected to utilize a full yield curve approach in the estimation of service and interest costs by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows .", "service and interest costs in 2017 and 2016 were lower by $ 140 million and $ 180 million , respectively , under the new method than they would have been under the previous method .", "this change had no impact on our year-end defined benefit pension and opeb obligations or our annual net periodic benefit cost as the lower service and interest costs were entirely offset in the actuarial loss ( gain ) reported for the respective year .", "we expect our total defined benefit pension and opeb expense ( excluding the impact of mark-to-market gains and losses ) to decrease approximately $ 80 million in 2018 .", "this decrease is primarily due to a higher expected return on plan assets as a result of a higher asset base in 2018 .", "in general , our strategy for both the u.s .", "and the non-u.s .", "pensions includes ongoing alignment of our investments to our liabilities , while reducing risk in our portfolio .", "for our u.s .", "pension plans , our year-end 2017 asset allocation was 34 a0percent equities , 62 a0percent fixed income and 4 percent other .", "our current u.s .", "pension target asset allocation is 30 percent equities and 70 percent fixed income .", "the target allocation is revisited periodically to ensure it reflects our overall objectives .", "the u.s .", "plans are rebalanced to plus or minus 5 percentage points of the target asset allocation ranges on a monthly basis .", "the year-end 2017 asset allocation for our non-u.s .", "pension plans was 40 a0percent equities , 53 a0percent fixed income , 4 a0percent real estate and 3 percent other .", "the 2017 weighted-average target allocations for our non-u.s .", "pension plans was 38 a0percent equities , 54 a0percent fixed income , 5 a0percent real estate and 3 a0percent other .", "the target allocations for each plan vary based upon local statutory requirements , demographics of the plan participants and funded status .", "the frequency of rebalancing for the non-u.s .", "plans varies depending on the plan .", "contributions to our pension and opeb plans were $ 1.6 billion and $ 329 million in 2017 and 2016 , respectively .", "the 2017 contributions include a $ 1.0 billion discretionary contribution made to our u.s .", "pension plans in december 2017 .", "we expect to make approximately $ 365 million of contributions to our pension and opeb plans in 2018 .", "we believe we have adequate resources to fund both pension and opeb plans .", "48 | 2017 form 10-k ." ]

[ [ "", "Years ended December 31," ], [ "(Millions of dollars)", "2017", "2016", "2015" ], [ "Cost of goods sold", "$(29)", "$476", "$122" ], [ "Selling, general and administrative expenses", "244", "382", "18" ], [ "Research and development expenses", "86", "127", "39" ], [ "Total", "$301", "$985", "$179" ] ]

[ [ "( millions of dollars )", "years ended december 31 , 2017", "years ended december 31 , 2016", "years ended december 31 , 2015" ], [ "cost of goods sold", "$ -29 ( 29 )", "$ 476", "$ 122" ], [ "selling general and administrative expenses", "244", "382", "18" ], [ "research and development expenses", "86", "127", "39" ], [ "total", "$ 301", "$ 985", "$ 179" ] ]

[ { "arg1": "const_1000", "arg2": "1.6", "op": "multiply2-1", "res": "1600" }, { "arg1": "365", "arg2": "#0", "op": "minus2-2", "res": "-1235" }, { "arg1": "#1", "arg2": "#0", "op": "divide2-3", "res": "-77%" } ]

[ "22 2002subsequent events in january 2011 , we purchased cif 2019s 49.9% ( 49.9 % ) interest in 521 fifth avenue , thereby assuming full ownership of the building .", "the transaction values the consolidated interest at approximately $ 245.7 a0million .", "in january 2011 , we repaid our $ 84.8 a0million , 5.15% ( 5.15 % ) unsecured notes at par on their maturity date .", "in january 2011 , we , along with the moinian group , completed the recapitalization of 3 columbus circle .", "the recapitalization included a $ 138 a0million equity investment by sl a0green , a portion of which was in the form of sl a0green operating partnership units .", "we believe the property is now fully capitalized for all costs necessary to complete the redevelop- ment and lease-up of the building .", "the previously existing mortgage has been refinanced with a bridge loan provided by sl a0green and deutsche bank , which we intend to be further refinanced by third-party lenders at a later date .", "on february a010 , 2011 , the company and the operating partnership entered into atm equity offering sales agreements with each of merrill lynch , pierce , fenner a0& smith incorporated and morgan stanley a0& a0co .", "incorporated , to sell shares of the company 2019s common stock , from time to time , through a $ 250.0 a0 million 201cat the market 201d equity offering program under which merrill lynch , pierce , fenner a0& smith incorporated and morgan stanley a0& a0co .", "incorporated are acting as sales agents .", "as of february a022 , 2011 , we sold approximately 2.0 a0million shares our common stock through the program for aggregate proceeds of $ 144.1 a0million .", "2009 quarter ended december a031 september a030 june a030 march a031 ." ]

[ "88 sl green realty corp .", "2010 annual report notes to consolidated financial statements ." ]

[ [ "2009 Quarter Ended", "December 31", "September 30", "June 30", "March 31" ], [ "Total revenues", "$243,040", "$245,769", "$248,251", "$258,787" ], [ "Income (loss) net of noncontrolling interests and before gains on sale", "(380)", "4,099", "(10,242)", "(26,600)" ], [ "Equity in net gain (loss) on sale of interest in unconsolidated joint venture/ real estate", "—", "(157)", "(2,693)", "9,541" ], [ "Gain on early extinguishment of debt", "606", "8,368", "29,321", "47,712" ], [ "Gain (loss) on equity investment in marketable securities", "(232)", "(52)", "127", "(807)" ], [ "Net income from discontinued operations", "1,593", "1,863", "999", "1,319" ], [ "Gain (loss) on sale of discontinued operations", "(1,741)", "(11,672)", "—", "6,572" ], [ "Net income (loss) attributable to SL Green", "(154)", "2,449", "17,512", "37,737" ], [ "Preferred stock dividends", "(4,969)", "(4,969)", "(4,969)", "(4,969)" ], [ "Net income (loss) attributable to SL Green common stockholders", "$(5,123)", "$(2,520)", "$12,543", "$32,768" ], [ "Net income (loss) per common share-Basic", "$(0.07)", "$(0.03)", "$0.19", "$0.57" ], [ "Net income (loss) per common share-Diluted", "$(0.07)", "$(0.03)", "$0.18", "$0.57" ] ]

[ [ "2009 quarter ended", "december 31", "september 30", "june 30", "march 31" ], [ "total revenues", "$ 243040", "$ 245769", "$ 248251", "$ 258787" ], [ "income ( loss ) net of noncontrolling interests and before gains on sale", "-380 ( 380 )", "4099", "-10242 ( 10242 )", "-26600 ( 26600 )" ], [ "equity in net gain ( loss ) on sale of interest in unconsolidated joint venture/ real estate", "2014", "-157 ( 157 )", "-2693 ( 2693 )", "9541" ], [ "gain on early extinguishment of debt", "606", "8368", "29321", "47712" ], [ "gain ( loss ) on equity investment in marketable securities", "-232 ( 232 )", "-52 ( 52 )", "127", "-807 ( 807 )" ], [ "net income from discontinued operations", "1593", "1863", "999", "1319" ], [ "gain ( loss ) on sale of discontinued operations", "-1741 ( 1741 )", "-11672 ( 11672 )", "2014", "6572" ], [ "net income ( loss ) attributable to sl green", "-154 ( 154 )", "2449", "17512", "37737" ], [ "preferred stock dividends", "-4969 ( 4969 )", "-4969 ( 4969 )", "-4969 ( 4969 )", "-4969 ( 4969 )" ], [ "net income ( loss ) attributable to sl green common stockholders", "$ -5123 ( 5123 )", "$ -2520 ( 2520 )", "$ 12543", "$ 32768" ], [ "net income ( loss ) per common share-basic", "$ -0.07 ( 0.07 )", "$ -0.03 ( 0.03 )", "$ 0.19", "$ 0.57" ], [ "net income ( loss ) per common share-diluted", "$ -0.07 ( 0.07 )", "$ -0.03 ( 0.03 )", "$ 0.18", "$ 0.57" ] ]

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[ "2015 and 2014 was $ 1.5 billion and $ 1.3 billion .", "the aggregate notional amount of our outstanding foreign currency hedges at december 31 , 2015 and 2014 was $ 4.1 billion and $ 804 million .", "derivative instruments did not have a material impact on net earnings and comprehensive income during 2015 , 2014 and 2013 .", "substantially all of our derivatives are designated for hedge accounting .", "see note 16 for more information on the fair value measurements related to our derivative instruments .", "recent accounting pronouncements 2013 in may 2014 , the fasb issued a new standard that will change the way we recognize revenue and significantly expand the disclosure requirements for revenue arrangements .", "on july 9 , 2015 , the fasb approved a one-year deferral of the effective date of the standard to 2018 for public companies , with an option that would permit companies to adopt the standard in 2017 .", "early adoption prior to 2017 is not permitted .", "the new standard may be adopted either retrospectively or on a modified retrospective basis whereby the new standard would be applied to new contracts and existing contracts with remaining performance obligations as of the effective date , with a cumulative catch-up adjustment recorded to beginning retained earnings at the effective date for existing contracts with remaining performance obligations .", "in addition , the fasb is contemplating making additional changes to certain elements of the new standard .", "we are currently evaluating the methods of adoption allowed by the new standard and the effect the standard is expected to have on our consolidated financial statements and related disclosures .", "as the new standard will supersede substantially all existing revenue guidance affecting us under gaap , it could impact revenue and cost recognition on thousands of contracts across all our business segments , in addition to our business processes and our information technology systems .", "as a result , our evaluation of the effect of the new standard will extend over future periods .", "in september 2015 , the fasb issued a new standard that simplifies the accounting for adjustments made to preliminary amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments .", "instead , adjustments will be recognized in the period in which the adjustments are determined , including the effect on earnings of any amounts that would have been recorded in previous periods if the accounting had been completed at the acquisition date .", "we adopted the standard on january 1 , 2016 and will prospectively apply the standard to business combination adjustments identified after the date of adoption .", "in november 2015 , the fasb issued a new standard that simplifies the presentation of deferred income taxes and requires that deferred tax assets and liabilities , as well as any related valuation allowance , be classified as noncurrent in our consolidated balance sheets .", "the standard is effective january 1 , 2017 , with early adoption permitted .", "the standard may be applied either prospectively from the date of adoption or retrospectively to all prior periods presented .", "we are currently evaluating when we will adopt the standard and the method of adoption .", "note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : ." ]

[ "we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented .", "our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units and exercise of outstanding stock options based on the treasury stock method .", "the computation of diluted earnings per common share excluded 2.4 million stock options for the year ended december 31 , 2013 because their inclusion would have been anti-dilutive , primarily due to their exercise prices exceeding the average market prices of our common stock during the respective periods .", "there were no anti-dilutive equity awards for the years ended december 31 , 2015 and 2014. ." ]

[ [ "", "2015", "2014", "2013" ], [ "Weighted average common shares outstanding for basic computations", "310.3", "316.8", "320.9" ], [ "Weighted average dilutive effect of equity awards", "4.4", "5.6", "5.6" ], [ "Weighted average common shares outstanding for diluted computations", "314.7", "322.4", "326.5" ] ]

[ [ "", "2015", "2014", "2013" ], [ "weighted average common shares outstanding for basic computations", "310.3", "316.8", "320.9" ], [ "weighted average dilutive effect of equity awards", "4.4", "5.6", "5.6" ], [ "weighted average common shares outstanding for diluted computations", "314.7", "322.4", "326.5" ] ]

[ { "arg1": "314.7", "arg2": "322.4", "op": "minus2-1", "res": "-7.7" }, { "arg1": "#0", "arg2": "322.4", "op": "divide2-2", "res": "-2.4%" } ]

[ "anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .", "a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .", "treasury securities or u.s .", "government agency securities .", "our exposure to risk is minimal given the nature of the investments .", "our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .", "based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .", "however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .", "net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .", "total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .", "net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .", "net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .", "we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .", "this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .", "as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .", "as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .", "we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .", "a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .", "valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .", "net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .", "our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .", "as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .", "each clearing firm is required to deposit and maintain specified performance bond collateral .", "performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .", "we accept a variety of collateral to satisfy performance bond requirements .", "cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .", "clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .", "the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .", "cash performance bonds and guaranty fund contributions consisted of the following at december 31: ." ]

[ "." ]

[ [ "(in millions)", "2010", "2009" ], [ "Cash performance bonds", "$3,717.0", "$5,834.6" ], [ "Cash guaranty fund contributions", "231.8", "102.6" ], [ "Cross-margin arrangements", "79.7", "10.6" ], [ "Performance collateral for delivery", "10.0", "34.1" ], [ "Total", "$4,038.5", "$5,981.9" ] ]

[ [ "( in millions )", "2010", "2009" ], [ "cash performance bonds", "$ 3717.0", "$ 5834.6" ], [ "cash guaranty fund contributions", "231.8", "102.6" ], [ "cross-margin arrangements", "79.7", "10.6" ], [ "performance collateral for delivery", "10.0", "34.1" ], [ "total", "$ 4038.5", "$ 5981.9" ] ]

[]

[ "notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .", "1 .", "nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .", "our network includes 32236 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .", "gateways and providing several corridors to key mexican gateways .", "we own 26039 miles and operate on the remainder pursuant to trackage rights or leases .", "we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .", "export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .", "the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .", "although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network .", "our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination .", "effective january 1 , 2018 , the company reclassified its six commodity groups into four : agricultural products , energy , industrial , and premium .", "the following table represents a disaggregation of our freight and other revenues: ." ]

[ "although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s .", "each of our commodity groups includes revenue from shipments to and from mexico .", "included in the above table are freight revenues from our mexico business which amounted to $ 2.5 billion in 2018 , $ 2.3 billion in 2017 , and $ 2.2 billion in 2016 .", "basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .", "( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .", "2 .", "significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .", "investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .", "all intercompany transactions are eliminated .", "we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .", "cash , cash equivalents and restricted cash 2013 cash equivalents consist of investments with original maturities of three months or less .", "amounts included in restricted cash represent those required to be set aside by contractual agreement. ." ]

[ [ "Millions", "2018", "2017", "2016" ], [ "Agricultural Products", "$4,469", "$4,303", "$4,209" ], [ "Energy", "4,608", "4,498", "3,715" ], [ "Industrial", "5,679", "5,204", "4,964" ], [ "Premium", "6,628", "5,832", "5,713" ], [ "Total freight revenues", "$21,384", "$19,837", "$18,601" ], [ "Other subsidiary revenues", "881", "885", "814" ], [ "Accessorial revenues", "502", "458", "455" ], [ "Other", "65", "60", "71" ], [ "Total operating revenues", "$22,832", "$21,240", "$19,941" ] ]

[ [ "millions", "2018", "2017", "2016" ], [ "agricultural products", "$ 4469", "$ 4303", "$ 4209" ], [ "energy", "4608", "4498", "3715" ], [ "industrial", "5679", "5204", "4964" ], [ "premium", "6628", "5832", "5713" ], [ "total freight revenues", "$ 21384", "$ 19837", "$ 18601" ], [ "other subsidiary revenues", "881", "885", "814" ], [ "accessorial revenues", "502", "458", "455" ], [ "other", "65", "60", "71" ], [ "total operating revenues", "$ 22832", "$ 21240", "$ 19941" ] ]

[ { "arg1": "5679", "arg2": "5204", "op": "divide2-1", "res": "109%" }, { "arg1": "#0", "arg2": "5679", "op": "multiply2-2", "res": "6197" } ]

[ "jpmorgan chase & co./2010 annual report 219 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agree- ments 201d ) primarily to finance the firm 2019s inventory positions , ac- quire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations .", "securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets .", "resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest .", "securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received .", "where appropriate under applicable ac- counting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis .", "fees received or paid in connection with securities financing agreements are recorded in interest income or interest expense .", "the firm has elected the fair value option for certain securities financing agreements .", "for a further discussion of the fair value option , see note 4 on pages 187 2013189 of this annual report .", "the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated bal- ance sheets .", "generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue .", "however , for financial instru- ments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue .", "the following table details the firm 2019s securities financing agree- ments , all of which are accounted for as collateralized financings during the periods presented. ." ]

[ "( a ) includes resale agreements of $ 20.3 billion and $ 20.5 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively .", "( b ) includes securities borrowed of $ 14.0 billion and $ 7.0 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively .", "( c ) includes repurchase agreements of $ 4.1 billion and $ 3.4 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively .", "the amounts reported in the table above have been reduced by $ 112.7 billion and $ 121.2 billion at december 31 , 2010 and 2009 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance .", "jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securi- ties borrowed .", "the firm monitors the market value of the un- derlying securities that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities .", "margin levels are established initially based upon the counterparty and type of collateral and moni- tored on an ongoing basis to protect against declines in collat- eral value in the event of default .", "jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities bor- rowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default .", "as a result of the firm 2019s credit risk mitigation practices described above on resale and securities borrowed agreements , the firm did not hold any reserves for credit impairment on these agreements as of december 31 , 2010 and 2009 .", "for a further discussion of assets pledged and collateral received in securities financing agreements see note 31 on pages 280 2013 281 of this annual report. ." ]

[ [ "December 31, (in millions)", "2010", "2009" ], [ "Securities purchased under resale agreements^(a)", "$222,302", "$195,328" ], [ "Securities borrowed^(b)", "123,587", "119,630" ], [ "Securities sold under repurchase agreements^(c)", "$262,722", "$245,692" ], [ "Securities loaned", "10,592", "7,835" ] ]

[ [ "december 31 ( in millions )", "2010", "2009" ], [ "securities purchased under resale agreements ( a )", "$ 222302", "$ 195328" ], [ "securities borrowed ( b )", "123587", "119630" ], [ "securities sold under repurchase agreements ( c )", "$ 262722", "$ 245692" ], [ "securities loaned", "10592", "7835" ] ]

[]

[ "performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .", "the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .", "date pmi pmi peer group ( 1 ) s&p 500 index ." ]

[ "( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .", "was removed following the completion of its acquisition by british american tobacco p.l.c .", "on july 25 , 2017 .", "the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .", "the review also considered the primary international tobacco companies .", "as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .", "note : figures are rounded to the nearest $ 0.10. ." ]

[ [ "Date", "PMI", "PMI Peer Group⁽¹⁾", "S&P 500 Index" ], [ "December 31, 2012", "$100.00", "$100.00", "$100.00" ], [ "December 31, 2013", "$108.50", "$122.80", "$132.40" ], [ "December 31, 2014", "$106.20", "$132.50", "$150.50" ], [ "December 31, 2015", "$120.40", "$143.50", "$152.60" ], [ "December 31, 2016", "$130.80", "$145.60", "$170.80" ], [ "December 31, 2017", "$156.80", "$172.70", "$208.10" ] ]

[ [ "date", "pmi", "pmi peer group ( 1 )", "s&p 500 index" ], [ "december 31 2012", "$ 100.00", "$ 100.00", "$ 100.00" ], [ "december 31 2013", "$ 108.50", "$ 122.80", "$ 132.40" ], [ "december 31 2014", "$ 106.20", "$ 132.50", "$ 150.50" ], [ "december 31 2015", "$ 120.40", "$ 143.50", "$ 152.60" ], [ "december 31 2016", "$ 130.80", "$ 145.60", "$ 170.80" ], [ "december 31 2017", "$ 156.80", "$ 172.70", "$ 208.10" ] ]

[ { "arg1": "156.80", "arg2": "const_100", "op": "minus2-1", "res": "56.8" }, { "arg1": "#0", "arg2": "const_100", "op": "divide2-2", "res": "56.8%" }, { "arg1": "208.10", "arg2": "const_100", "op": "minus2-3", "res": "108.1" }, { "arg1": "#2", "arg2": "const_100", "op": "divide2-4", "res": "108.1%" }, { "arg1": "#1", "arg2": "#3", "op": "minus2-5", "res": "-51.3%" } ]

[ "the aggregate changes in the balance of gross unrecognized tax benefits , which excludes interest and penalties , for 2012 , 2011 , and 2010 , is as follows ( in millions ) : ." ]

[ "the company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes .", "as of september 29 , 2012 and september 24 , 2011 , the total amount of gross interest and penalties accrued was $ 401 million and $ 261 million , respectively , which is classified as non-current liabilities in the consolidated balance sheets .", "in connection with tax matters , the company recognized interest expense in 2012 and 2011 of $ 140 million and $ 14 million , respectively , and in 2010 the company recognized an interest benefit of $ 43 million .", "the company is subject to taxation and files income tax returns in the u.s .", "federal jurisdiction and in many state and foreign jurisdictions .", "for u.s .", "federal income tax purposes , all years prior to 2004 are closed .", "the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments .", "the company has contested certain of these adjustments through the irs appeals office .", "the irs is currently examining the years 2007 through 2009 .", "in addition , the company is also subject to audits by state , local and foreign tax authorities .", "in major states and major foreign jurisdictions , the years subsequent to 1989 and 2002 , respectively , generally remain open and could be subject to examination by the taxing authorities .", "management believes that an adequate provision has been made for any adjustments that may result from tax examinations .", "however , the outcome of tax audits cannot be predicted with certainty .", "if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income tax in the period such resolution occurs .", "although timing of the resolution and/or closure of audits is not certain , the company believes it is reasonably possible that tax audit resolutions could reduce its unrecognized tax benefits by between $ 120 million and $ 170 million in the next 12 months .", "note 6 2013 shareholders 2019 equity and share-based compensation preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding .", "under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock .", "dividend and stock repurchase program in 2012 , the board of directors of the company approved a dividend policy pursuant to which it plans to make , subject to subsequent declaration , quarterly dividends of $ 2.65 per share .", "on july 24 , 2012 , the board of directors declared a dividend of $ 2.65 per share to shareholders of record as of the close of business on august 13 , 2012 .", "the company paid $ 2.5 billion in conjunction with this dividend on august 16 , 2012 .", "no dividends were declared in the first three quarters of 2012 or in 2011 and 2010. ." ]

[ [ "", "2012", "2011", "2010" ], [ "Beginning Balance", "$1,375", "$943", "$971" ], [ "Increases related to tax positions taken during a prior year", "340", "49", "61" ], [ "Decreases related to tax positions taken during a prior year", "(107)", "(39)", "(224)" ], [ "Increases related to tax positions taken during the current year", "467", "425", "240" ], [ "Decreases related to settlements with taxing authorities", "(3)", "0", "(102)" ], [ "Decreases related to expiration of statute of limitations", "(10)", "(3)", "(3)" ], [ "Ending Balance", "$2,062", "$1,375", "$943" ] ]

[ [ "", "2012", "2011", "2010" ], [ "beginning balance", "$ 1375", "$ 943", "$ 971" ], [ "increases related to tax positions taken during a prior year", "340", "49", "61" ], [ "decreases related to tax positions taken during a prior year", "-107 ( 107 )", "-39 ( 39 )", "-224 ( 224 )" ], [ "increases related to tax positions taken during the current year", "467", "425", "240" ], [ "decreases related to settlements with taxing authorities", "-3 ( 3 )", "0", "-102 ( 102 )" ], [ "decreases related to expiration of statute of limitations", "-10 ( 10 )", "-3 ( 3 )", "-3 ( 3 )" ], [ "ending balance", "$ 2062", "$ 1375", "$ 943" ] ]

[]

[ "kimco realty corporation and subsidiaries job title kimco realty ar revision 6 serial date / time tuesday , april 03 , 2007 /10:32 pm job number 142704 type current page no .", "65 operator pm2 <12345678> at december 31 , 2006 and 2005 , the company 2019s net invest- ment in the leveraged lease consisted of the following ( in mil- lions ) : ." ]

[ "9 .", "mortgages and other financing receivables : during january 2006 , the company provided approximately $ 16.0 million as its share of a $ 50.0 million junior participation in a $ 700.0 million first mortgage loan , in connection with a private investment firm 2019s acquisition of a retailer .", "this loan participation bore interest at libor plus 7.75% ( 7.75 % ) per annum and had a two-year term with a one-year extension option and was collateralized by certain real estate interests of the retailer .", "during june 2006 , the borrower elected to pre-pay the outstanding loan balance of approximately $ 16.0 million in full satisfaction of this loan .", "additionally , during january 2006 , the company provided approximately $ 5.2 million as its share of an $ 11.5 million term loan to a real estate developer for the acquisition of a 59 acre land parcel located in san antonio , tx .", "this loan is interest only at a fixed rate of 11.0% ( 11.0 % ) for a term of two years payable monthly and collateralized by a first mortgage on the subject property .", "as of december 31 , 2006 , the outstanding balance on this loan was approximately $ 5.2 million .", "during february 2006 , the company committed to provide a one year $ 17.2 million credit facility at a fixed rate of 8.0% ( 8.0 % ) for a term of nine months and 9.0% ( 9.0 % ) for the remaining term to a real estate investor for the recapitalization of a discount and entertain- ment mall that it currently owns .", "during 2006 , this facility was fully paid and was terminated .", "during april 2006 , the company provided two separate mortgages aggregating $ 14.5 million on a property owned by a real estate investor .", "proceeds were used to payoff the existing first mortgage , buyout the existing partner and for redevelopment of the property .", "the mortgages bear interest at 8.0% ( 8.0 % ) per annum and mature in 2008 and 2013 .", "these mortgages are collateralized by the subject property .", "as of december 31 , 2006 , the aggregate outstanding balance on these mortgages was approximately $ 15.0 million , including $ 0.5 million of accrued interest .", "during may 2006 , the company provided a cad $ 23.5 million collateralized credit facility at a fixed rate of 8.5% ( 8.5 % ) per annum for a term of two years to a real estate company for the execution of its property acquisitions program .", "the credit facility is guaranteed by the real estate company .", "the company was issued 9811 units , valued at approximately usd $ 0.1 million , and warrants to purchase up to 0.1 million shares of the real estate company as a loan origination fee .", "during august 2006 , the company increased the credit facility to cad $ 45.0 million and received an additional 9811 units , valued at approximately usd $ 0.1 million , and warrants to purchase up to 0.1 million shares of the real estate company .", "as of december 31 , 2006 , the outstand- ing balance on this credit facility was approximately cad $ 3.6 million ( approximately usd $ 3.1 million ) .", "during september 2005 , a newly formed joint venture , in which the company had an 80% ( 80 % ) interest , acquired a 90% ( 90 % ) interest in a $ 48.4 million mortgage receivable for a purchase price of approximately $ 34.2 million .", "this loan bore interest at a rate of three-month libor plus 2.75% ( 2.75 % ) per annum and was scheduled to mature on january 12 , 2010 .", "a 626-room hotel located in lake buena vista , fl collateralized the loan .", "the company had determined that this joint venture entity was a vie and had further determined that the company was the primary benefici- ary of this vie and had therefore consolidated it for financial reporting purposes .", "during march 2006 , the joint venture acquired the remaining 10% ( 10 % ) of this mortgage receivable for a purchase price of approximately $ 3.8 million .", "during june 2006 , the joint venture accepted a pre-payment of approximately $ 45.2 million from the borrower as full satisfaction of this loan .", "during august 2006 , the company provided $ 8.8 million as its share of a $ 13.2 million 12-month term loan to a retailer for general corporate purposes .", "this loan bears interest at a fixed rate of 12.50% ( 12.50 % ) with interest payable monthly and a balloon payment for the principal balance at maturity .", "the loan is collateralized by the underlying real estate of the retailer .", "additionally , the company funded $ 13.3 million as its share of a $ 20.0 million revolving debtor-in-possession facility to this retailer .", "the facility bears interest at libor plus 3.00% ( 3.00 % ) and has an unused line fee of 0.375% ( 0.375 % ) .", "this credit facility is collateralized by a first priority lien on all the retailer 2019s assets .", "as of december 31 , 2006 , the compa- ny 2019s share of the outstanding balance on this loan and credit facility was approximately $ 7.6 million and $ 4.9 million , respec- tively .", "during september 2006 , the company provided a mxp 57.3 million ( approximately usd $ 5.3 million ) loan to an owner of an operating property in mexico .", "the loan , which is collateralized by the property , bears interest at 12.0% ( 12.0 % ) per annum and matures in 2016 .", "the company is entitled to a participation feature of 25% ( 25 % ) of annual cash flows after debt service and 20% ( 20 % ) of the gain on sale of the property .", "as of december 31 , 2006 , the outstand- ing balance on this loan was approximately mxp 57.8 million ( approximately usd $ 5.3 million ) .", "during november 2006 , the company committed to provide a mxp 124.8 million ( approximately usd $ 11.5 million ) loan to an owner of a land parcel in acapulco , mexico .", "the loan , which is collateralized with an operating property owned by the bor- rower , bears interest at 10% ( 10 % ) per annum and matures in 2016 .", "the company is entitled to a participation feature of 20% ( 20 % ) of excess cash flows and gains on sale of the property .", "as of decem- ber 31 , 2006 , the outstanding balance on this loan was mxp 12.8 million ( approximately usd $ 1.2 million ) . ." ]

[ [ "", "2006", "2005" ], [ "Remaining net rentals", "$62.3", "$68.9" ], [ "Estimated unguaranteed residual value", "40.5", "43.8" ], [ "Non-recourse mortgage debt", "(48.4)", "(52.8)" ], [ "Unearned and deferred income", "(50.7)", "(55.9)" ], [ "Net investment in leveraged lease", "$3.7", "$4.0" ] ]

[ [ "", "2006", "2005" ], [ "remaining net rentals", "$ 62.3", "$ 68.9" ], [ "estimated unguaranteed residual value", "40.5", "43.8" ], [ "non-recourse mortgage debt", "-48.4 ( 48.4 )", "-52.8 ( 52.8 )" ], [ "unearned and deferred income", "-50.7 ( 50.7 )", "-55.9 ( 55.9 )" ], [ "net investment in leveraged lease", "$ 3.7", "$ 4.0" ] ]

[]

[ "morgan stanley notes to consolidated financial statements 2014 ( continued ) lending commitments .", "primary lending commitments are those that are originated by the company whereas secondary lending commitments are purchased from third parties in the market .", "the commitments include lending commitments that are made to investment grade and non-investment grade companies in connection with corporate lending and other business activities .", "commitments for secured lending transactions .", "secured lending commitments are extended by the company to companies and are secured by real estate or other physical assets of the borrower .", "loans made under these arrangements typically are at variable rates and generally provide for over-collateralization based upon the creditworthiness of the borrower .", "forward starting reverse repurchase agreements .", "the company has entered into forward starting securities purchased under agreements to resell ( agreements that have a trade date at or prior to december 31 , 2013 and settle subsequent to period-end ) that are primarily secured by collateral from u.s .", "government agency securities and other sovereign government obligations .", "commercial and residential mortgage-related commitments .", "the company enters into forward purchase contracts involving residential mortgage loans , residential mortgage lending commitments to individuals and residential home equity lines of credit .", "in addition , the company enters into commitments to originate commercial and residential mortgage loans .", "underwriting commitments .", "the company provides underwriting commitments in connection with its capital raising sources to a diverse group of corporate and other institutional clients .", "other lending commitments .", "other commitments generally include commercial lending commitments to small businesses and commitments related to securities-based lending activities in connection with the company 2019s wealth management business segment .", "the company sponsors several non-consolidated investment funds for third-party investors where the company typically acts as general partner of , and investment advisor to , these funds and typically commits to invest a minority of the capital of such funds , with subscribing third-party investors contributing the majority .", "the company 2019s employees , including its senior officers , as well as the company 2019s directors , may participate on the same terms and conditions as other investors in certain of these funds that the company forms primarily for client investment , except that the company may waive or lower applicable fees and charges for its employees .", "the company has contractual capital commitments , guarantees , lending facilities and counterparty arrangements with respect to these investment funds .", "premises and equipment .", "the company has non-cancelable operating leases covering premises and equipment ( excluding commodities operating leases , shown separately ) .", "at december 31 , 2013 , future minimum rental commitments under such leases ( net of subleases , principally on office rentals ) were as follows ( dollars in millions ) : year ended operating premises leases ." ]

[ "." ]

[ [ "Year Ended", "Operating Premises Leases" ], [ "2014", "$672" ], [ "2015", "656" ], [ "2016", "621" ], [ "2017", "554" ], [ "2018", "481" ], [ "Thereafter", "2,712" ] ]

[ [ "year ended", "operating premises leases" ], [ "2014", "$ 672" ], [ "2015", "656" ], [ "2016", "621" ], [ "2017", "554" ], [ "2018", "481" ], [ "thereafter", "2712" ] ]

[ { "arg1": "672", "arg2": "656", "op": "add1-1", "res": "1328" }, { "arg1": "#0", "arg2": "621", "op": "add1-2", "res": "1949" }, { "arg1": "#1", "arg2": "const_3", "op": "divide1-3", "res": "649.67" } ]

[ "operating expenses millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 ." ]

[ "operating expenses increased $ 348 million in 2012 versus 2011 .", "depreciation , wage and benefit inflation , higher fuel prices and volume- related trucking services purchased by our logistics subsidiaries , contributed to higher expenses during the year .", "efficiency gains , volume related fuel savings ( 2% ( 2 % ) fewer gallons of fuel consumed ) and $ 38 million of weather related expenses in 2011 , which favorably affects the comparison , partially offset the cost increase .", "operating expenses increased $ 1.8 billion in 2011 versus 2010 .", "our fuel price per gallon rose 36% ( 36 % ) during 2011 , accounting for $ 922 million of the increase .", "wage and benefit inflation , volume-related costs , depreciation , and property taxes also contributed to higher expenses .", "expenses increased $ 20 million for costs related to the flooding in the midwest and $ 18 million due to the impact of severe heat and drought in the south , primarily texas .", "cost savings from productivity improvements and better resource utilization partially offset these increases .", "a $ 45 million one-time payment relating to a transaction with csx intermodal , inc ( csxi ) increased operating expenses during the first quarter of 2010 , which favorably affects the comparison of operating expenses in 2011 to those in 2010 .", "compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs .", "expenses in 2012 were essentially flat versus 2011 as operational improvements and cost reductions offset general wage and benefit inflation and higher pension and other postretirement benefits .", "in addition , weather related costs increased these expenses in 2011 .", "a combination of general wage and benefit inflation , volume-related expenses , higher training costs associated with new hires , additional crew costs due to speed restrictions caused by the midwest flooding and heat and drought in the south , and higher pension expense drove the increase during 2011 compared to 2010 .", "fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment .", "higher locomotive diesel fuel prices , which averaged $ 3.22 per gallon ( including taxes and transportation costs ) in 2012 , compared to $ 3.12 in 2011 , increased expenses by $ 105 million .", "volume , as measured by gross ton-miles , decreased 2% ( 2 % ) in 2012 versus 2011 , driving expense down .", "the fuel consumption rate was flat year-over-year .", "higher locomotive diesel fuel prices , which averaged $ 3.12 ( including taxes and transportation costs ) in 2011 , compared to $ 2.29 per gallon in 2010 , increased expenses by $ 922 million .", "in addition , higher gasoline prices for highway and non-highway vehicles also increased year-over-year .", "volume , as measured by gross ton-miles , increased 5% ( 5 % ) in 2011 versus 2010 , driving expense up by $ 122 million .", "purchased services and materials 2013 expense for purchased services and materials includes the costs of services purchased from outside contractors and other service providers ( including equipment 2012 operating expenses ." ]

[ [ "<i>Millions</i>", "<i>2012</i>", "<i>2011</i>", "<i>2010</i>", "<i>% Change 2012 v 2011</i>", "<i>% Change 2011 v 2010</i>" ], [ "Compensation and benefits", "$4,685", "$4,681", "$4,314", "-%", "9%" ], [ "Fuel", "3,608", "3,581", "2,486", "1", "44" ], [ "Purchased services and materials", "2,143", "2,005", "1,836", "7", "9" ], [ "Depreciation", "1,760", "1,617", "1,487", "9", "9" ], [ "Equipment and other rents", "1,197", "1,167", "1,142", "3", "2" ], [ "Other", "788", "782", "719", "1", "9" ], [ "Total", "$14,181", "$13,833", "$11,984", "3%", "15%" ] ]

[ [ "millions", "2012", "2011", "2010", "% ( % ) change 2012 v 2011", "% ( % ) change 2011 v 2010" ], [ "compensation and benefits", "$ 4685", "$ 4681", "$ 4314", "-% ( - % )", "9% ( 9 % )" ], [ "fuel", "3608", "3581", "2486", "1", "44" ], [ "purchased services and materials", "2143", "2005", "1836", "7", "9" ], [ "depreciation", "1760", "1617", "1487", "9", "9" ], [ "equipment and other rents", "1197", "1167", "1142", "3", "2" ], [ "other", "788", "782", "719", "1", "9" ], [ "total", "$ 14181", "$ 13833", "$ 11984", "3% ( 3 % )", "15% ( 15 % )" ] ]

[ { "arg1": "3.22", "arg2": "3.12", "op": "minus2-1", "res": "0.10" }, { "arg1": "105", "arg2": "#0", "op": "divide2-2", "res": "1050" }, { "arg1": "#1", "arg2": "const_1000000", "op": "multiply2-3", "res": "1050000000" } ]

[ "direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .", "additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies .", "the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 .", "17 .", "leases we lease certain locomotives , freight cars , and other property .", "the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases .", "a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .", "future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases ." ]

[ "approximately 95% ( 95 % ) of capital lease payments relate to locomotives .", "rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 .", "when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .", "contingent rentals and sub-rentals are not significant .", "18 .", "commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .", "we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .", "we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use an actuarial analysis to measure the expense and liability , including unasserted claims .", "the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .", "under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .", "we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work .", "our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments .", "approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 .", "because of the uncertainty ." ]

[ [ "<i>Millions</i>", "<i>Operating</i><i>Leases</i>", "<i>Capital</i><i>Leases</i>" ], [ "2015", "$508", "$253" ], [ "2016", "484", "249" ], [ "2017", "429", "246" ], [ "2018", "356", "224" ], [ "2019", "323", "210" ], [ "Later years", "1,625", "745" ], [ "Total minimum leasepayments", "$3,725", "$1,927" ], [ "Amount representing interest", "N/A", "(407)" ], [ "Present value of minimum leasepayments", "N/A", "$1,520" ] ]

[ [ "millions", "operatingleases", "capitalleases" ], [ "2015", "$ 508", "$ 253" ], [ "2016", "484", "249" ], [ "2017", "429", "246" ], [ "2018", "356", "224" ], [ "2019", "323", "210" ], [ "later years", "1625", "745" ], [ "total minimum leasepayments", "$ 3725", "$ 1927" ], [ "amount representing interest", "n/a", "-407 ( 407 )" ], [ "present value of minimum leasepayments", "n/a", "$ 1520" ] ]

[ { "arg1": "484", "arg2": "249", "op": "add1-1", "res": "733" }, { "arg1": "3725", "arg2": "1927", "op": "add1-2", "res": "5652" }, { "arg1": "#0", "arg2": "#1", "op": "divide1-3", "res": "13%" } ]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our ordinary shares have been publicly traded since november 17 , 2011 when our ordinary shares were listed and began trading on the new york stock exchange ( 201cnyse 201d ) under the symbol 201cdlph . 201d on december 4 , 2017 , following the spin-off of delphi technologies , the company changed its name to aptiv plc and its nyse symbol to 201captv . 201d as of january 25 , 2019 , there were 2 shareholders of record of our ordinary shares .", "the following graph reflects the comparative changes in the value from december 31 , 2013 through december 31 , 2018 , assuming an initial investment of $ 100 and the reinvestment of dividends , if any in ( 1 ) our ordinary shares , ( 2 ) the s&p 500 index and ( 3 ) the automotive peer group .", "historical share prices of our ordinary shares have been adjusted to reflect the separation .", "historical performance may not be indicative of future shareholder returns .", "stock performance graph * $ 100 invested on december 31 , 2013 in our stock or in the relevant index , including reinvestment of dividends .", "fiscal year ended december 31 , 2018 .", "( 1 ) aptiv plc , adjusted for the distribution of delphi technologies on december 4 , 2017 ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive peer group 2013 adient plc , american axle & manufacturing holdings inc , aptiv plc , borgwarner inc , cooper tire & rubber co , cooper- standard holdings inc , dana inc , dorman products inc , ford motor co , garrett motion inc. , general motors co , gentex corp , gentherm inc , genuine parts co , goodyear tire & rubber co , lear corp , lkq corp , meritor inc , motorcar parts of america inc , standard motor products inc , stoneridge inc , superior industries international inc , tenneco inc , tesla inc , tower international inc , visteon corp , wabco holdings inc company index december 31 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "." ]

[ [ "Company Index", "December 31, 2013", "December 31, 2014", "December 31, 2015", "December 31, 2016", "December 31, 2017", "December 31, 2018" ], [ "Aptiv PLC (1)", "$100.00", "$122.75", "$146.49", "$117.11", "$178.46", "$130.80" ], [ "S&P 500 (2)", "100.00", "113.69", "115.26", "129.05", "157.22", "150.33" ], [ "Automotive Peer Group (3)", "100.00", "107.96", "108.05", "107.72", "134.04", "106.89" ] ]

[ [ "company index", "december 31 2013", "december 31 2014", "december 31 2015", "december 31 2016", "december 31 2017", "december 31 2018" ], [ "aptiv plc ( 1 )", "$ 100.00", "$ 122.75", "$ 146.49", "$ 117.11", "$ 178.46", "$ 130.80" ], [ "s&p 500 ( 2 )", "100.00", "113.69", "115.26", "129.05", "157.22", "150.33" ], [ "automotive peer group ( 3 )", "100.00", "107.96", "108.05", "107.72", "134.04", "106.89" ] ]

[ { "arg1": "130.80", "arg2": "const_100", "op": "minus1-1", "res": "30.8" }, { "arg1": "150.33", "arg2": "const_100", "op": "minus1-2", "res": "50.33" }, { "arg1": "#0", "arg2": "const_100", "op": "divide1-3", "res": "30.8%" }, { "arg1": "#1", "arg2": "const_100", "op": "divide1-4", "res": "50.33%" }, { "arg1": "#2", "arg2": "#3", "op": "minus1-5", "res": "-19.53%" } ]

[ "entergy corporation notes to consolidated financial statements the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2004 , for the next five years are as follows: ." ]

[ "in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .", "entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing .", "these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .", "in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 .", "this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above .", "in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa .", "under a provision in a letter of credit supporting these notes , if certain of the domestic utility companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit .", "covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization .", "if entergy's debt ratio exceeds this limit , or if entergy or certain of the domestic utility companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur .", "the long-term securities issuances of entergy corporation , entergy gulf states , entergy louisiana , entergy mississippi , and system energy also are limited to amounts authorized by the sec .", "under its current sec order , and without further authorization , entergy corporation cannot incur additional indebtedness or issue other securities unless ( a ) it and each of its public utility subsidiaries maintain a common equity ratio of at least 30% ( 30 % ) and ( b ) the security to be issued ( if rated ) and all outstanding securities of entergy corporation that are rated , are rated investment grade by at least one nationally recognized statistical rating agency .", "under their current sec orders , and without further authorization , entergy gulf states , entergy louisiana , and entergy mississippi cannot incur additional indebtedness or issue other securities unless ( a ) the issuer and entergy corporation maintains a common equity ratio of at least 30% ( 30 % ) and ( b ) the security to be issued ( if rated ) and all outstanding securities of the issuer ( other than preferred stock of entergy gulf states ) , as well as all outstanding securities of entergy corporation , that are rated , are rated investment grade .", "junior subordinated deferrable interest debentures and implementation of fin 46 entergy implemented fasb interpretation no .", "46 , \"consolidation of variable interest entities\" effective december 31 , 2003 .", "fin 46 requires existing unconsolidated variable interest entities to be consolidated by their primary beneficiaries if the entities do not effectively disperse risks among their investors .", "variable interest entities ( vies ) , generally , are entities that do not have sufficient equity to permit the entity to finance its operations without additional financial support from its equity interest holders and/or the group of equity interest holders are collectively not able to exercise control over the entity .", "the primary beneficiary is the party that absorbs a majority of the entity's expected losses , receives a majority of its expected residual returns , or both as a result of holding the variable interest .", "a company may have an interest in a vie through ownership or other contractual rights or obligations .", "entergy louisiana capital i , entergy arkansas capital i , and entergy gulf states capital i ( trusts ) were established as financing subsidiaries of entergy louisiana , entergy arkansas , and entergy gulf states ." ]

[ [ "", "(In Thousands)" ], [ "2005", "$467,298" ], [ "2006", "$75,896" ], [ "2007", "$199,539" ], [ "2008", "$747,246" ], [ "2009", "$512,584" ] ]

[ [ "", "( in thousands )" ], [ "2005", "$ 467298" ], [ "2006", "$ 75896" ], [ "2007", "$ 199539" ], [ "2008", "$ 747246" ], [ "2009", "$ 512584" ] ]

[]

[ "loss on the contract may be recorded , if necessary , and any remaining deferred implementation revenues would typically be recognized over the remaining service period through the termination date .", "in connection with our long-term outsourcing service agreements , highly customized implementation efforts are often necessary to set up clients and their human resource or benefit programs on our systems and operating processes .", "for outsourcing services sold separately or accounted for as a separate unit of accounting , specific , incremental and direct costs of implementation incurred prior to the services commencing are generally deferred and amortized over the period that the related ongoing services revenue is recognized .", "deferred costs are assessed for recoverability on a periodic basis to the extent the deferred cost exceeds related deferred revenue .", "pensions we sponsor defined benefit pension plans throughout the world .", "our most significant plans are located in the u.s. , the u.k. , the netherlands and canada .", "our significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants .", "we have ceased crediting future benefits relating to salary and service for our u.s. , u.k. , netherlands and canadian plans to the extent statutorily permitted .", "in 2016 , we estimate pension and post-retirement net periodic benefit cost for major plans to increase by $ 15 million to a benefit of approximately $ 54 million .", "the increase in the benefit is primarily due to a change in our approach to measuring service and interest cost .", "effective december 31 , 2015 and for 2016 expense , we have elected to utilize a full yield curve approach in the estimation of the service and interest cost components of net periodic pension and post-retirement benefit cost for our major pension and other post-retirement benefit plans by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows .", "in 2015 and prior years , we estimated these components of net periodic pension and post-retirement benefit cost by applying a single weighted-average discount rate , derived from the yield curve used to measure the benefit obligation at the beginning of the period .", "we have made this change to improve the correlation between projected benefit cash flows and the corresponding yield curve spot rates and to provide a more precise measurement of service and interest costs .", "this change does not affect the measurement of the projected benefit obligation as the change in the service cost and interest cost is completely offset in the actuarial ( gain ) loss recorded in other comprehensive income .", "we accounted for this change as a change in estimate and , accordingly , will account for it prospectively .", "recognition of gains and losses and prior service certain changes in the value of the obligation and in the value of plan assets , which may occur due to various factors such as changes in the discount rate and actuarial assumptions , actual demographic experience and/or plan asset performance are not immediately recognized in net income .", "such changes are recognized in other comprehensive income and are amortized into net income as part of the net periodic benefit cost .", "unrecognized gains and losses that have been deferred in other comprehensive income , as previously described , are amortized into compensation and benefits expense as a component of periodic pension expense based on the average life expectancy of the u.s. , the netherlands , canada , and u.k .", "plan members .", "we amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses .", "as of december 31 , 2015 , our pension plans have deferred losses that have not yet been recognized through income in the consolidated financial statements .", "we amortize unrecognized actuarial losses outside of a corridor , which is defined as 10% ( 10 % ) of the greater of market-related value of plan assets or projected benefit obligation .", "to the extent not offset by future gains , incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized .", "the following table discloses our unrecognized actuarial gains and losses , the number of years over which we are amortizing the experience loss , and the estimated 2016 amortization of loss by country ( amounts in millions ) : ." ]

[ "the unrecognized prior service cost ( income ) at december 31 , 2015 was $ 9 million , $ 46 million , and $ ( 7 ) million in the u.s. , u.k .", "and other plans , respectively .", "for the u.s .", "pension plans we use a market-related valuation of assets approach to determine the expected return on assets , which is a component of net periodic benefit cost recognized in the consolidated statements of income .", "this approach ." ]

[ [ "", "U.K.", "U.S.", "Other" ], [ "Unrecognized actuarial gains and losses", "$1,511", "$1,732", "$382" ], [ "Amortization period (in years)", "10 - 32", "7 - 28", "15 - 41" ], [ "Estimated 2016 amortization of loss", "$37", "$52", "$10" ] ]

[ [ "", "u.k .", "u.s .", "other" ], [ "unrecognized actuarial gains and losses", "$ 1511", "$ 1732", "$ 382" ], [ "amortization period ( in years )", "10 - 32", "7 - 28", "15 - 41" ], [ "estimated 2016 amortization of loss", "$ 37", "$ 52", "$ 10" ] ]

[ { "arg1": "9", "arg2": "46", "op": "add2-1", "res": "55" }, { "arg1": "7", "arg2": "#0", "op": "divide2-2", "res": "0.127" } ]

[ "cdw corporation and subsidiaries notes to consolidated financial statements 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters 2019 exercise in full of the overallotment option granted to them in connection with the ipo .", "because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator .", "such shares will be fully reflected in the 2014 denominator .", "see note 9 for additional discussion of the ipo .", "the dilutive effect of outstanding restricted stock , restricted stock units , stock options and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method .", "the following is a reconciliation of basic shares to diluted shares: ." ]

[ "for the years ended december 31 , 2013 , 2012 and 2011 , diluted earnings per share excludes the impact of 0.0 million , 0.0 million , and 4.3 million potential common shares , respectively , as their inclusion would have had an anti-dilutive effect .", "12 .", "deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan .", "the total number of rdus that can be granted under the rdu plan is 28500 .", "at december 31 , 2013 , 28500 rdus were outstanding .", "rdus that are outstanding vest daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 .", "participants have no rights to the underlying debt .", "the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component .", "the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the 201cdebt pool 201d ) , together with certain redemption premium equivalents as noted below .", "the interest component credits the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below .", "interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates .", "payments totaling $ 1.7 million and $ 1.3 million were made to participants under the rdu plan in april and october 2013 , respectively , in connection with the semi-annual interest payments due .", "the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 .", "in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan .", "in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes .", "in addition , the company added $ 1.4 million to the principal component in the year ended december 31 , 2013 as redemption premium equivalents in accordance with the terms of the rdu plan .", "under the terms of the amended rdu plan , upon the partial redemption of outstanding senior subordinated notes , the rdus ceased to accrue the proportionate related interest component credits .", "the ." ]

[ [ "", "Years Ended December 31," ], [ "(in millions)", "2013", "2012", "2011" ], [ "Weighted-average shares - basic", "156.6", "145.1", "144.8" ], [ "Effect of dilutive securities", "2.1", "0.7", "0.1" ], [ "Weighted-average shares - diluted", "158.7", "145.8", "144.9" ] ]

[ [ "( in millions )", "years ended december 31 , 2013", "years ended december 31 , 2012", "years ended december 31 , 2011" ], [ "weighted-average shares - basic", "156.6", "145.1", "144.8" ], [ "effect of dilutive securities", "2.1", "0.7", "0.1" ], [ "weighted-average shares - diluted", "158.7", "145.8", "144.9" ] ]

[]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is listed and traded on the new york stock exchange under the symbol 201cipg 201d .", "as of february 13 , 2019 , there were approximately 10000 registered holders of our outstanding common stock .", "on february 13 , 2019 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.235 per share , payable on march 15 , 2019 to holders of record as of the close of business on march 1 , 2019 .", "although it is the board 2019s current intention to declare and pay future dividends , there can be no assurance that such additional dividends will in fact be declared and paid .", "any and the amount of any such declaration is at the discretion of the board and will depend upon factors such as our earnings , financial position and cash requirements .", "equity compensation plans see item 12 for information about our equity compensation plans .", "transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .", "repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2018 to december 31 , 2018 .", "total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 ." ]

[ "1 the total number of shares of our common stock , par value $ 0.10 per share , repurchased were withheld under the terms of grants under employee stock- based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .", "2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum in the applicable period of the aggregate value of the tax withholding obligations by the sum of the number of withheld shares .", "3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .", "in february 2018 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock , which was in addition to any amounts remaining under the 2017 share repurchase program .", "on july 2 , 2018 , in connection with the announcement of the acxiom acquisition , we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition , and no shares were repurchased pursuant to the share repurchase programs in the periods reflected .", "there are no expiration dates associated with the share repurchase programs. ." ]

[ [ "", "Total Number ofShares (or Units)Purchased¹", "Average Price Paidper Share (or Unit)²", "Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs³", "Maximum Number (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms³" ], [ "October 1 - 31", "3,824", "$23.30", "—", "$338,421,933" ], [ "November 1 - 30", "1,750", "$23.77", "—", "$338,421,933" ], [ "December 1 - 31", "—", "—", "—", "$338,421,933" ], [ "Total", "5,574", "$23.45", "—", "" ] ]

[ [ "", "total number ofshares ( or units ) purchased1", "average price paidper share ( or unit ) 2", "total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3", "maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3" ], [ "october 1 - 31", "3824", "$ 23.30", "2014", "$ 338421933" ], [ "november 1 - 30", "1750", "$ 23.77", "2014", "$ 338421933" ], [ "december 1 - 31", "2014", "2014", "2014", "$ 338421933" ], [ "total", "5574", "$ 23.45", "2014", "" ] ]

[]

[ "intangible assets such as patents , customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives .", "the weighted-average useful lives approximate the following: ." ]

[ "recoverability of intangible assets with finite useful lives is assessed in the same manner as property , plant and equipment as described above .", "income taxes : for purposes of the company 2019s consolidated financial statements for periods prior to the spin-off , income tax expense has been recorded as if the company filed tax returns on a stand-alone basis separate from ingersoll rand .", "this separate return methodology applies the accounting guidance for income taxes to the stand-alone financial statements as if the company was a stand-alone enterprise for the periods prior to the spin-off .", "therefore , cash tax payments and items of current and deferred taxes may not be reflective of the company 2019s actual tax balances prior to or subsequent to the spin-off .", "cash paid for income taxes , net of refunds for the twelve months ended december 31 , 2016 and 2015 was $ 10.4 million and $ 80.6 million , respectively .", "the 2016 net cash income taxes paid includes a refund of $ 46.2 million received from the canadian tax authorities .", "the income tax accounts reflected in the consolidated balance sheet as of december 31 , 2016 and 2015 include income taxes payable and deferred taxes allocated to the company at the time of the spin-off .", "the calculation of the company 2019s income taxes involves considerable judgment and the use of both estimates and allocations .", "deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities , applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse .", "the company recognizes future tax benefits , such as net operating losses and tax credits , to the extent that realizing these benefits is considered in its judgment to be more likely than not .", "the company regularly reviews the recoverability of its deferred tax assets considering its historic profitability , projected future taxable income , timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies .", "where appropriate , the company records a valuation allowance with respect to a future tax benefit .", "product warranties : standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience .", "the company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims , or as new information becomes available .", "revenue recognition : revenue is recognized and earned when all of the following criteria are satisfied : ( a ) persuasive evidence of a sales arrangement exists ; ( b ) the price is fixed or determinable ; ( c ) collectability is reasonably assured ; and ( d ) delivery has occurred or service has been rendered .", "delivery generally occurs when the title and the risks and rewards of ownership have transferred to the customer .", "both the persuasive evidence of a sales arrangement and fixed or determinable price criteria are deemed to be satisfied upon receipt of an executed and legally binding sales agreement or contract that clearly defines the terms and conditions of the transaction including the respective obligations of the parties .", "if the defined terms and conditions allow variability in all or a component of the price , revenue is not recognized until such time that the price becomes fixed or determinable .", "at the point of sale , the company validates the existence of an enforceable claim that requires payment within a reasonable amount of time and assesses the collectability of that claim .", "if collectability is not deemed to be reasonably assured , then revenue recognition is deferred until such time that collectability becomes probable or cash is received .", "delivery is not considered to have occurred until the customer has taken title and assumed the risks and rewards of ownership .", "service and installation revenue are recognized when earned .", "in some instances , customer acceptance provisions are included in sales arrangements to give the buyer the ability to ensure the delivered product or service meets the criteria established in the order .", "in these instances , revenue recognition is deferred until the acceptance terms specified in the arrangement are fulfilled through customer acceptance or a demonstration that established criteria have been satisfied .", "if uncertainty exists about customer acceptance , revenue is not recognized until acceptance has occurred .", "the company offers various sales incentive programs to our customers , dealers , and distributors .", "sales incentive programs do not preclude revenue recognition , but do require an accrual for the company 2019s best estimate of expected activity .", "examples of the sales incentives that are accrued for as a contra receivable and sales deduction at the point of sale include , but are not limited to , discounts ( i.e .", "net 30 type ) , coupons , and rebates where the customer does not have to provide any additional requirements to receive the discount .", "sales returns and customer disputes involving a question of quantity or price are also accounted for as a ." ]

[ [ "Customer relationships", "25", "years" ], [ "Trademarks", "25", "years" ], [ "Completed technology/patents", "10", "years" ], [ "Other", "25", "years" ] ]

[ [ "customer relationships", "25", "years" ], [ "trademarks", "25", "years" ], [ "completed technology/patents", "10", "years" ], [ "other", "25", "years" ] ]

[ { "arg1": "10.4", "arg2": "80.6", "op": "add1-1", "res": "91" }, { "arg1": "#0", "arg2": "const_2", "op": "divide1-2", "res": "45.5" } ]

[ "westrock company notes to consolidated financial statements fffd ( continued ) at september 30 , 2018 and september 30 , 2017 , gross net operating losses for foreign reporting purposes of approximately $ 698.4 million and $ 673.7 million , respectively , were available for carryforward .", "a majority of these loss carryforwards generally expire between fiscal 2020 and 2038 , while a portion have an indefinite carryforward .", "the tax effected values of these net operating losses are $ 185.8 million and $ 182.6 million at september 30 , 2018 and 2017 , respectively , exclusive of valuation allowances of $ 161.5 million and $ 149.6 million at september 30 , 2018 and 2017 , respectively .", "at september 30 , 2018 and 2017 , we had state tax credit carryforwards of $ 64.8 million and $ 54.4 million , respectively .", "these state tax credit carryforwards generally expire within 5 to 10 years ; however , certain state credits can be carried forward indefinitely .", "valuation allowances of $ 56.1 million and $ 47.3 million at september 30 , 2018 and 2017 , respectively , have been provided on these assets .", "these valuation allowances have been recorded due to uncertainty regarding our ability to generate sufficient taxable income in the appropriate taxing jurisdiction .", "the following table represents a summary of the valuation allowances against deferred tax assets for fiscal 2018 , 2017 and 2016 ( in millions ) : ." ]

[ "( 1 ) amounts in fiscal 2018 and 2017 relate to the mps acquisition .", "adjustments in fiscal 2016 relate to the combination and the sp fiber acquisition .", "consistent with prior years , we consider a portion of our earnings from certain foreign subsidiaries as subject to repatriation and we provide for taxes accordingly .", "however , we consider the unremitted earnings and all other outside basis differences from all other foreign subsidiaries to be indefinitely reinvested .", "accordingly , we have not provided for any taxes that would be due .", "as of september 30 , 2018 , we estimate our outside basis difference in foreign subsidiaries that are considered indefinitely reinvested to be approximately $ 1.5 billion .", "the components of the outside basis difference are comprised of purchase accounting adjustments , undistributed earnings , and equity components .", "except for the portion of our earnings from certain foreign subsidiaries where we provided for taxes , we have not provided for any taxes that would be due upon the reversal of the outside basis differences .", "however , in the event of a distribution in the form of dividends or dispositions of the subsidiaries , we may be subject to incremental u.s .", "income taxes , subject to an adjustment for foreign tax credits , and withholding taxes or income taxes payable to the foreign jurisdictions .", "as of september 30 , 2018 , the determination of the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis differences is not practicable. ." ]

[ [ "", "2018", "2017", "2016" ], [ "Balance at beginning of fiscal year", "$219.1", "$177.2", "$100.2" ], [ "Increases", "50.8", "54.3", "24.8" ], [ "Allowances related to purchase accounting⁽¹⁾", "0.1", "12.4", "63.0" ], [ "Reductions", "(40.6)", "(24.8)", "(10.8)" ], [ "Balance at end of fiscal year", "$229.4", "$219.1", "$177.2" ] ]

[ [ "", "2018", "2017", "2016" ], [ "balance at beginning of fiscal year", "$ 219.1", "$ 177.2", "$ 100.2" ], [ "increases", "50.8", "54.3", "24.8" ], [ "allowances related to purchase accounting ( 1 )", "0.1", "12.4", "63.0" ], [ "reductions", "-40.6 ( 40.6 )", "-24.8 ( 24.8 )", "-10.8 ( 10.8 )" ], [ "balance at end of fiscal year", "$ 229.4", "$ 219.1", "$ 177.2" ] ]

[ { "arg1": "229.4", "arg2": "219.1", "op": "minus1-1", "res": "10.3" }, { "arg1": "#0", "arg2": "219.1", "op": "divide1-2", "res": "4.7%" } ]

[ "notes to consolidated financial statements in march 2008 , the fasb issued guidance which requires entities to provide greater transparency about ( a ) how and why an entity uses derivative instruments , ( b ) how derivative instruments and related hedged items are accounted , and ( c ) how derivative instruments and related hedged items affect an entity 2019s financial position , results of operations , and cash flows .", "this guidance was effective on january 1 , 2009 .", "the adoption of this guidance did not have a material impact on our consolidated financial statements .", "in june 2009 , the fasb issued guidance on accounting for transfers of financial assets .", "this guidance amends various components of the existing guidance governing sale accounting , including the recog- nition of assets obtained and liabilities assumed as a result of a transfer , and considerations of effective control by a transferor over transferred assets .", "in addition , this guidance removes the exemption for qualifying special purpose entities from the consolidation guidance .", "this guidance is effective january 1 , 2010 , with early adoption prohibited .", "while the amended guidance governing sale accounting is applied on a prospec- tive basis , the removal of the qualifying special purpose entity exception will require us to evaluate certain entities for consolidation .", "while we are evaluating the effect of adoption of this guidance , we currently believe that its adoption will not have a material impact on our consolidated financial statement .", "in june 2009 , the fasb amended the guidance for determin- ing whether an entity is a variable interest entity , or vie , and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a vie .", "under this guidance , an entity would be required to consolidate a vie if it has ( i ) the power to direct the activities that most significantly impact the entity 2019s economic performance and ( ii ) the obligation to absorb losses of the vie or the right to receive benefits from the vie that could be significant to the vie .", "this guidance is effective for the first annual reporting period that begins after november 15 , 2009 , with early adoption prohibited .", "while we are currently evaluating the effect of adoption of this guidance , we currently believe that its adoption will not have a material impact on our consoli- dated financial statements .", "note 3 / property acquisitions 2009 acquisitions during 2009 , we acquired the sub-leasehold positions at 420 lexington avenue for an aggregate purchase price of approximately $ 15.9 million .", "2008 acquisitions in february 2008 , we , through our joint venture with jeff sutton , acquired the properties located at 182 broadway and 63 nassau street for approximately $ 30.0 million in the aggregate .", "these properties are located adjacent to 180 broadway which we acquired in august 2007 .", "as part of the acquisition we also closed on a $ 31.0 million loan which bears interest at 225 basis points over the 30-day libor .", "the loan has a three-year term and two one-year extensions .", "we drew down $ 21.1 mil- lion at the closing to pay the balance of the acquisition costs .", "during the second quarter of 2008 , we , through a joint ven- ture with nysters , acquired various interests in the fee positions at 919 third avenue for approximately $ 32.8 million .", "as a result , our joint venture controls the entire fee position .", "2007 acquisitions in january 2007 , we acquired reckson for approximately $ 6.0 billion , inclusive of transaction costs .", "simultaneously , we sold approximately $ 2.0 billion of the reckson assets to an asset purchasing venture led by certain of reckson 2019s former executive management .", "the transaction included the acquisition of 30 properties encompassing approximately 9.2 million square feet , of which five properties encompassing approxi- mately 4.2 million square feet are located in manhattan .", "the following summarizes our allocation of the purchase price to the assets and liabilities acquired from reckson ( in thousands ) : ." ]

[ "." ]

[ [ "Land", "$766,727" ], [ "Building", "3,724,962" ], [ "Investment in joint venture", "65,500" ], [ "Structured finance investments", "136,646" ], [ "Acquired above-market leases", "24,661" ], [ "Other assets, net of other liabilities", "30,473" ], [ "Acquired in-place leases", "175,686" ], [ "Assets acquired", "4,924,655" ], [ "Acquired below-market leases", "422,177" ], [ "Minority interest", "401,108" ], [ "Liabilities acquired", "823,285" ], [ "Net assets acquired", "$4,101,370" ] ]

[ [ "land", "$ 766727" ], [ "building", "3724962" ], [ "investment in joint venture", "65500" ], [ "structured finance investments", "136646" ], [ "acquired above-market leases", "24661" ], [ "other assets net of other liabilities", "30473" ], [ "acquired in-place leases", "175686" ], [ "assets acquired", "4924655" ], [ "acquired below-market leases", "422177" ], [ "minority interest", "401108" ], [ "liabilities acquired", "823285" ], [ "net assets acquired", "$ 4101370" ] ]

[ { "arg1": "const_9", "arg2": "const_1000", "op": "multiply1-1", "res": "9000" }, { "arg1": "#0", "arg2": "9.2", "op": "divide1-2", "res": "978" } ]

[ "vertex pharmaceuticals incorporated notes to consolidated financial statements ( continued ) o .", "significant revenue arrangements ( continued ) $ 7 million of development and commercialization milestone payments .", "additionally , kissei agreed to reimburse the company for certain development costs , including a portion of costs for phase 2 trials of vx-702 .", "research funding ended under this program in june 2000 , and the company has received the full amount of research funding specified under the agreement .", "kissei has exclusive rights to develop and commercialize vx-702 in japan and certain far east countries and co-exclusive rights in china , taiwan and south korea .", "the company retains exclusive marketing rights outside the far east and co-exclusive rights in china , taiwan and south korea .", "in addition , the company will have the right to supply bulk drug material to kissei for sale in its territory and will receive royalties or drug supply payments on future product sales , if any .", "in 2006 , 2005 and 2004 , approximately $ 6.4 million , $ 7.3 million and $ 3.5 million , respectively , was recognized as revenue under this agreement .", "the $ 7.3 million of revenue recognized in 2005 includes a $ 2.5 million milestone paid upon kissei 2019s completion of regulatory filings in preparation for phase 1 clinical development of vx-702 in japan .", "p .", "employee benefits the company has a 401 ( k ) retirement plan ( the 201cvertex 401 ( k ) plan 201d ) in which substantially all of its permanent employees are eligible to participate .", "participants may contribute up to 60% ( 60 % ) of their annual compensation to the vertex 401 ( k ) plan , subject to statutory limitations .", "the company may declare discretionary matching contributions to the vertex 401 ( k ) plan that are payable in the form of vertex common stock .", "the match is paid in the form of fully vested interests in a vertex common stock fund .", "employees have the ability to transfer funds from the company stock fund as they choose .", "the company declared matching contributions to the vertex 401 ( k ) plan as follows ( in thousands ) : q .", "related party transactions as of december 31 , 2006 , 2005 and 2004 , the company had a loan outstanding to a former officer of the company in the amount of $ 36000 , $ 36000 , $ 97000 , respectively , which was initially advanced in april 2002 .", "the loan balance is included in other assets on the consolidated balance sheets .", "in 2001 , the company entered into a four year consulting agreement with a director of the company for the provision of part-time consulting services over a period of four years , at the rate of $ 80000 per year commencing in january 2002 .", "the consulting agreement terminated in january 2006 .", "r .", "contingencies the company has certain contingent liabilities that arise in the ordinary course of its business activities .", "the company accrues a reserve for contingent liabilities when it is probable that future expenditures will be made and such expenditures can be reasonably estimated. ." ]

[ "discretionary matching contributions during the year ended december 31 , $ 3341 $ 2894 $ 2492 shares issued during the year ended december 31 , 91 215 239 shares issuable as of the year ended december 31 , 28 19 57 ." ]

[ [ "", "2006", "2005", "2004" ], [ "Discretionary matching contributions during the year ended December 31,", "$3,341", "$2,894", "$2,492" ], [ "Shares issued during the year ended December 31,", "91", "215", "239" ], [ "Shares issuable as of the year ended December 31,", "28", "19", "57" ] ]

[ [ "", "2006", "2005", "2004" ], [ "discretionary matching contributions during the year ended december 31,", "$ 3341", "$ 2894", "$ 2492" ], [ "shares issued during the year ended december 31,", "91", "215", "239" ], [ "shares issuable as of the year ended december 31,", "28", "19", "57" ] ]

[ { "arg1": "7.3", "arg2": "3.5", "op": "minus1-1", "res": "3.8" }, { "arg1": "#0", "arg2": "3.5", "op": "divide1-2", "res": "109%" } ]

[ "united parcel service , inc .", "and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : ." ]

[ "( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items .", "cash from operating activities remained strong throughout the 2010 to 2012 time period .", "operating cash flow was favorably impacted in 2012 , compared with 2011 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by changes in our working capital position , which was impacted by overall growth in the business .", "the change in the cash flows for income tax receivables and payables in 2011 and 2010 was primarily related to the timing of discretionary pension contributions during 2010 , as discussed further in the following paragraph .", "except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans .", "2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan .", "2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 .", "2022 in 2010 , we made $ 2.0 billion in discretionary contributions to our ups retirement and ups pension plans , and $ 980 million in required contributions to our ups ibt pension plan .", "2022 the remaining contributions in the 2010 through 2012 period were largely due to contributions to our international pension plans and u.s .", "postretirement medical benefit plans .", "as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans .", "as of december 31 , 2012 , the total of our worldwide holdings of cash and cash equivalents was $ 7.327 billion .", "approximately $ 4.211 billion of this amount was held in european subsidiaries with the intended purpose of completing the acquisition of tnt express n.v .", "( see note 16 to the consolidated financial statements ) .", "excluding this portion of cash held outside the u.s .", "for acquisition-related purposes , approximately 50%-60% ( 50%-60 % ) of the remaining cash and cash equivalents are held by foreign subsidiaries throughout the year .", "the amount of cash held by our u.s .", "and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business .", "cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners .", "to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s .", "when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. ." ]

[ [ "", "2012", "2011", "2010" ], [ "Net income", "$807", "$3,804", "$3,338" ], [ "Non-cash operating activities(a)", "7,301", "4,505", "4,398" ], [ "Pension and postretirement plan contributions (UPS-sponsored plans)", "(917)", "(1,436)", "(3,240)" ], [ "Income tax receivables and payables", "280", "236", "(319)" ], [ "Changes in working capital and other noncurrent assets and liabilities", "(148)", "(12)", "(340)" ], [ "Other operating activities", "(107)", "(24)", "(2)" ], [ "Net cash from operating activities", "$7,216", "$7,073", "$3,835" ] ]

[ [ "", "2012", "2011", "2010" ], [ "net income", "$ 807", "$ 3804", "$ 3338" ], [ "non-cash operating activities ( a )", "7301", "4505", "4398" ], [ "pension and postretirement plan contributions ( ups-sponsored plans )", "-917 ( 917 )", "-1436 ( 1436 )", "-3240 ( 3240 )" ], [ "income tax receivables and payables", "280", "236", "-319 ( 319 )" ], [ "changes in working capital and other noncurrent assets and liabilities", "-148 ( 148 )", "-12 ( 12 )", "-340 ( 340 )" ], [ "other operating activities", "-107 ( 107 )", "-24 ( 24 )", "-2 ( 2 )" ], [ "net cash from operating activities", "$ 7216", "$ 7073", "$ 3835" ] ]

[]

[ "the agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain various covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to operate our businesses .", "the agreements that govern the indebtedness incurred or assumed in connection with the carefusion transaction contain various affirmative and negative covenants that may , subject to certain significant exceptions , restrict our ability and the ability of certain of our subsidiaries ( including carefusion ) to , among other things , have liens on their property , transact business with affiliates and/or merge or consolidate with any other person or sell or convey certain of our assets to any one person .", "in addition , some of the agreements that govern our indebtedness contain financial covenants that will require us to maintain certain financial ratios .", "our ability and the ability of our subsidiaries to comply with these provisions may be affected by events beyond our control .", "failure to comply with these covenants could result in an event of default , which , if not cured or waived , could accelerate our repayment obligations .", "item 1b .", "unresolved staff comments .", "item 2 .", "properties .", "bd 2019s executive offices are located in franklin lakes , new jersey .", "as of october 31 , 2016 , bd owned or leased 255 facilities throughout the world , comprising approximately 19796011 square feet of manufacturing , warehousing , administrative and research facilities .", "the u.s .", "facilities , including those in puerto rico , comprise approximately 7459856 square feet of owned and 2923257 square feet of leased space .", "the international facilities comprise approximately 7189652 square feet of owned and 2223245 square feet of leased space .", "sales offices and distribution centers included in the total square footage are also located throughout the world .", "operations in each of bd 2019s business segments are conducted at both u.s .", "and international locations .", "particularly in the international marketplace , facilities often serve more than one business segment and are used for multiple purposes , such as administrative/sales , manufacturing and/or warehousing/distribution .", "bd generally seeks to own its manufacturing facilities , although some are leased .", "the following table summarizes property information by business segment. ." ]

[ "( a ) facilities used by more than one business segment .", "bd believes that its facilities are of good construction and in good physical condition , are suitable and adequate for the operations conducted at those facilities , and are , with minor exceptions , fully utilized and operating at normal capacity .", "the u.s .", "facilities are located in alabama , arizona , california , connecticut , florida , georgia , illinois , indiana , maryland , massachusetts , michigan , nebraska , new jersey , north carolina , ohio , oklahoma , south carolina , texas , utah , virginia , washington , d.c. , washington , wisconsin and puerto rico .", "the international facilities are as follows : - europe , middle east , africa , which includes facilities in austria , belgium , bosnia and herzegovina , the czech republic , denmark , england , finland , france , germany , ghana , hungary , ireland , italy , kenya , luxembourg , netherlands , norway , poland , portugal , russia , saudi arabia , south africa , spain , sweden , switzerland , turkey , the united arab emirates and zambia. ." ]

[ [ "Sites", "Corporate", "BD Life Sciences", "BD Medical", "Mixed(A)", "Total" ], [ "Leased", "11", "19", "75", "92", "195" ], [ "Owned", "3", "15", "31", "121", "60" ], [ "Total", "14", "34", "106", "103", "255" ], [ "Square feet", "1,425,720", "4,337,963", "9,891,908", "4,140,420", "19,796,011" ] ]

[ [ "sites", "corporate", "bd life sciences", "bd medical", "mixed ( a )", "total" ], [ "leased", "11", "19", "75", "92", "195" ], [ "owned", "3", "15", "31", "121", "60" ], [ "total", "14", "34", "106", "103", "255" ], [ "square feet", "1425720", "4337963", "9891908", "4140420", "19796011" ] ]

[ { "arg1": "7189652", "arg2": "2223245", "op": "add2-1", "res": "9412897" }, { "arg1": "7189652", "arg2": "#0", "op": "divide2-2", "res": "0.7638" } ]

[ "stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .", "the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2012 and that all dividends were reinvested .", "market performance ." ]

[ "s&p 500 healthcare equipment & supply index 100 128 161 171 181 238 ." ]

[ [ "Company / Index", "2012", "2013", "2014", "2015", "2016", "2017" ], [ "Teleflex Incorporated", "100", "134", "166", "192", "237", "368" ], [ "S&P 500 Index", "100", "132", "151", "153", "171", "208" ], [ "S&P 500 Healthcare Equipment & Supply Index", "100", "128", "161", "171", "181", "238" ] ]

[ [ "company / index", "2012", "2013", "2014", "2015", "2016", "2017" ], [ "teleflex incorporated", "100", "134", "166", "192", "237", "368" ], [ "s&p 500 index", "100", "132", "151", "153", "171", "208" ], [ "s&p 500 healthcare equipment & supply index", "100", "128", "161", "171", "181", "238" ] ]

[ { "arg1": "208", "arg2": "100", "op": "minus2-1", "res": "108" }, { "arg1": "#0", "arg2": "100", "op": "divide2-2", "res": "108%" } ]

[ "a reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: ." ]

[ "the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized .", "in 2010 , the company favorably settled a 2003 and 2004 irs audit .", "the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand .", "in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit .", "the company is no longer subject to u.s .", "federal , state and local or foreign income tax examinations by tax authorities for years before 2007 .", "the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes .", "during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties .", "included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit .", "the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date .", "for u.s .", "income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 .", "in addition , for u.s .", "income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire .", "management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented .", "tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. ." ]

[ [ "(Dollars in thousands)", "2010", "2009", "2008" ], [ "Balance at January 1", "$29,010", "$34,366", "$29,132" ], [ "Additions based on tax positions related to the current year", "7,119", "6,997", "5,234" ], [ "Additions for tax positions of prior years", "-", "-", "-" ], [ "Reductions for tax positions of prior years", "-", "-", "-" ], [ "Settlements with taxing authorities", "(12,356)", "(12,353)", "-" ], [ "Lapses of applicable statutes of limitations", "-", "-", "-" ], [ "Balance at December 31", "$23,773", "$29,010", "$34,366" ] ]

[ [ "( dollars in thousands )", "2010", "2009", "2008" ], [ "balance at january 1", "$ 29010", "$ 34366", "$ 29132" ], [ "additions based on tax positions related to the current year", "7119", "6997", "5234" ], [ "additions for tax positions of prior years", "-", "-", "-" ], [ "reductions for tax positions of prior years", "-", "-", "-" ], [ "settlements with taxing authorities", "-12356 ( 12356 )", "-12353 ( 12353 )", "-" ], [ "lapses of applicable statutes of limitations", "-", "-", "-" ], [ "balance at december 31", "$ 23773", "$ 29010", "$ 34366" ] ]

[ { "arg1": "29010", "arg2": "7119", "op": "add1-1", "res": "36129" }, { "arg1": "#0", "arg2": "25920", "op": "add1-2", "res": "62049" } ]

[ "the goldman sachs group , inc .", "and subsidiaries item 9 .", "changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .", "item 9a .", "controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .", "based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .", "in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .", "management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .", "item 9b .", "other information not applicable .", "part iii item 10 .", "directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .", "information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .", "information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .", "item 11 .", "executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .", "item 12 .", "security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .", "the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .", "plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 ." ]

[ "in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .", "these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .", "as of december 31 , 2018 , there were no outstanding options .", "2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .", "196 goldman sachs 2018 form 10-k ." ]

[ [ "Plan Category", "Securities to be Issued Upon Exercise of Outstanding Options and Rights (a)", "Weighted Average Exercise Price of Outstanding Options (b)", "Securities Available For Future Issuance Under Equity Compensation Plans (c)" ], [ "Equity compensation plans approved by security holders", "17,176,475", "N/A", "68,211,649" ], [ "Equity compensation plans not approved by securityholders", "–", "–", "–" ], [ "Total", "17,176,475", "", "68,211,649" ] ]

[ [ "plan category", "securities to be issued upon exercise of outstanding options and rights ( a )", "weighted average exercise price of outstanding options ( b )", "securities available for future issuance under equity compensation plans ( c )" ], [ "equity compensation plans approved by security holders", "17176475", "n/a", "68211649" ], [ "equity compensation plans not approved by securityholders", "2013", "2013", "2013" ], [ "total", "17176475", "", "68211649" ] ]

[]

[ "zimmer biomet holdings , inc .", "2018 form 10-k annual report ( 8 ) we have incurred other various expenses from specific events or projects that we consider highly variable or have a significant impact to our operating results that we have excluded from our non-gaap financial measures .", "this includes legal entity and operational restructuring as well as our costs of complying with our dpa with the u.s .", "government related to certain fcpa matters involving biomet and certain of its subsidiaries .", "under the dpa , which has a three-year term , we are subject to oversight by an independent compliance monitor , which monitorship commenced in july 2017 .", "the excluded costs include the fees paid to the independent compliance monitor and to external legal counsel assisting in the matter .", "( 9 ) represents the tax effects on the previously specified items .", "the tax effect for the u.s .", "jurisdiction is calculated based on an effective rate considering federal and state taxes , as well as permanent items .", "for jurisdictions outside the u.s. , the tax effect is calculated based upon the statutory rates where the items were incurred .", "( 10 ) the 2016 period includes negative effects from finalizing the tax accounts for the biomet merger .", "under the applicable u.s .", "gaap rules , these measurement period adjustments are recognized on a prospective basis in the period of change .", "( 11 ) the 2017 tax act resulted in a net favorable provisional adjustment due to the reduction of deferred tax liabilities for unremitted earnings and revaluation of deferred tax liabilities to a 21 percent rate , which was partially offset by provisional tax charges related to the toll charge provision of the 2017 tax act .", "in 2018 , we finalized our estimates of the effects of the 2017 tax act based upon final guidance issued by u.s .", "tax authorities .", "( 12 ) other certain tax adjustments in 2018 primarily related to changes in tax rates on deferred tax liabilities recorded on intangible assets recognized in acquisition-related accounting and adjustments from internal restructuring transactions that provide us access to offshore funds in a tax efficient manner .", "in 2017 , other certain tax adjustments relate to tax benefits from lower tax rates unrelated to the impact of the 2017 tax act , net favorable resolutions of various tax matters and net favorable adjustments from internal restructuring transactions .", "the 2016 adjustment primarily related to a favorable adjustment to certain deferred tax liabilities recognized as part of acquisition-related accounting and favorable resolution of certain tax matters with taxing authorities offset by internal restructuring transactions that provide us access to offshore funds in a tax efficient manner .", "( 13 ) diluted share count used in adjusted diluted eps : year ended december 31 , 2018 ." ]

[ "liquidity and capital resources cash flows provided by operating activities were $ 1747.4 million in 2018 compared to $ 1582.3 million and $ 1632.2 million in 2017 and 2016 , respectively .", "the increase in operating cash flows in 2018 compared to 2017 was driven by additional cash flows from our sale of accounts receivable in certain countries , lower acquisition and integration expenses and lower quality remediation expenses , as well as certain significant payments made in the 2017 period .", "in the 2017 period , we made payments related to the u.s .", "durom cup settlement program , and we paid $ 30.5 million in settlement payments to resolve previously-disclosed fcpa matters involving biomet and certain of its subsidiaries as discussed in note 19 to our consolidated financial statements included in item 8 of this report .", "the decline in operating cash flows in 2017 compared to 2016 was driven by additional investments in inventory , additional expenses for quality remediation and the significant payments made in the 2017 period as discussed in the previous sentence .", "these unfavorable items were partially offset by $ 174.0 million of incremental cash flows in 2017 from our sale of accounts receivable in certain countries .", "cash flows used in investing activities were $ 416.6 million in 2018 compared to $ 510.8 million and $ 1691.5 million in 2017 and 2016 , respectively .", "instrument and property , plant and equipment additions reflected ongoing investments in our product portfolio and optimization of our manufacturing and logistics network .", "in 2018 , we entered into receive-fixed-rate , pay-fixed-rate cross-currency interest rate swaps .", "our investing cash flows reflect the net cash inflows from the fixed- rate interest rate receipts/payments , as well as the termination of certain of these swaps that were in a gain position in the year .", "the 2016 period included cash outflows for the acquisition of ldr holding corporation ( 201cldr 201d ) and other business acquisitions .", "additionally , the 2016 period reflects the maturity of available-for-sale debt securities .", "as these investments matured , we used the cash to pay off debt and have not reinvested in any additional debt securities .", "cash flows used in financing activities were $ 1302.2 million in 2018 .", "our primary use of available cash in 2018 was for debt repayment .", "we received net proceeds of $ 749.5 million from the issuance of additional senior notes and borrowed $ 400.0 million from our multicurrency revolving facility to repay $ 1150.0 million of senior notes that became due on april 2 , 2018 .", "we subsequently repaid the $ 400.0 million of multicurrency revolving facility borrowings .", "also in 2018 , we borrowed another $ 675.0 million under a new u.s .", "term loan c and used the cash proceeds along with cash generated from operations throughout the year to repay an aggregate of $ 835.0 million on u.s .", "term loan a , $ 450.0 million on u.s .", "term loan b , and we subsequently repaid $ 140.0 million on u.s .", "term loan c .", "overall , we had approximately $ 1150 million of net principal repayments on our senior notes and term loans in 2018 .", "in 2017 , our primary use of available cash was also for debt repayment compared to 2016 when we were not able to repay as much debt due to financing requirements to complete the ldr and other business acquisitions .", "additionally in 2017 , we had net cash inflows of $ 103.5 million on factoring programs that had not been remitted to the third party .", "in 2018 , we had net cash outflows related to these factoring programs as we remitted the $ 103.5 million and collected only $ 66.8 million which had not yet been remitted by the end of the year .", "since our factoring programs started at the end of 2016 , we did not have similar cash flows in that year .", "in january 2019 , we borrowed an additional $ 200.0 million under u.s .", "term loan c and used those proceeds , along with cash on hand , to repay the remaining $ 225.0 million outstanding under u.s .", "term loan b .", "in february , may , august and december 2018 , our board of directors declared cash dividends of $ 0.24 per share .", "we expect to continue paying cash dividends on a quarterly basis ; however , future dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change .", "as further discussed in note 11 to our consolidated financial statements , our debt facilities restrict the payment of dividends in certain circumstances. ." ]

[ [ "", "Year endedDecember 31, 2018" ], [ "Diluted shares", "203.5" ], [ "Dilutive shares assuming net earnings", "1.5" ], [ "Adjusted diluted shares", "205.0" ] ]

[ [ "", "year endeddecember 31 2018" ], [ "diluted shares", "203.5" ], [ "dilutive shares assuming net earnings", "1.5" ], [ "adjusted diluted shares", "205.0" ] ]

[ { "arg1": "1582.3", "arg2": "1747.4", "op": "minus1-1", "res": "-165.1" }, { "arg1": "#0", "arg2": "1582.3", "op": "divide1-2", "res": "-0.09" } ]

[ "packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2005 9 .", "shareholders 2019 equity ( continued ) stockholder received proceeds , net of the underwriting discount , of $ 20.69 per share .", "the company did not sell any shares in , or receive any proceeds from , the secondary offering .", "concurrent with the closing of the secondary offering on december 21 , 2005 , the company entered into a common stock repurchase agreement with pca holdings llc .", "pursuant to the repurchase agreement , the company purchased 4500000 shares of common stock directly from pca holdings llc at the initial price to the public net of the underwriting discount or $ 20.69 per share , the same net price per share received by pca holdings llc in the secondary offering .", "these shares were retired on december 21 , 2005 .", "10 .", "commitments and contingencies capital commitments the company had authorized capital expenditures of approximately $ 33.1 million and $ 55.2 million as of december 31 , 2005 and 2004 , respectively , in connection with the expansion and replacement of existing facilities and equipment .", "operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases .", "the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases of a duration generally of three years .", "the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows : ( in thousands ) ." ]

[ "capital lease obligations were not significant to the accompanying financial statements .", "total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively .", "these costs are included in cost of goods sold and selling and administrative expenses. ." ]

[ [ "2006", "$24,569" ], [ "2007", "21,086" ], [ "2008", "14,716" ], [ "2009", "9,801" ], [ "2010", "6,670" ], [ "Thereafter", "37,130" ], [ "Total", "$113,972" ] ]

[ [ "2006", "$ 24569" ], [ "2007", "21086" ], [ "2008", "14716" ], [ "2009", "9801" ], [ "2010", "6670" ], [ "thereafter", "37130" ], [ "total", "$ 113972" ] ]

[ { "arg1": "33.0", "arg2": "31.6", "op": "minus1-1", "res": "1.4" }, { "arg1": "#0", "arg2": "31.6", "op": "divide1-2", "res": "4%" } ]

[ "stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc .", "( acquired by the company in march 2018 ) , time warner , inc .", "( acquired by at&t inc .", "in june 2018 ) , twenty-first century fox , inc .", "class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc .", "class b common stock and the walt disney company .", "the graph assumes $ 100 originally invested on december 31 , 2013 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2014 , 2015 , 2016 , 2017 and 2018 .", "two peer companies , scripps networks interactive , inc .", "and time warner , inc. , were acquired in 2018 .", "the stock performance chart shows the peer group including scripps networks interactive , inc .", "and time warner , inc .", "and excluding both acquired companies for the entire five year period .", "december 31 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2019 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. ." ]

[ [ "", "December 31,2013", "December 31,2014", "December 31,2015", "December 31,2016", "December 31,2017", "December 31,2018" ], [ "DISCA", "$100.00", "$74.58", "$57.76", "$59.34", "$48.45", "$53.56" ], [ "DISCB", "$100.00", "$80.56", "$58.82", "$63.44", "$53.97", "$72.90" ], [ "DISCK", "$100.00", "$80.42", "$60.15", "$63.87", "$50.49", "$55.04" ], [ "S&P 500", "$100.00", "$111.39", "$110.58", "$121.13", "$144.65", "$135.63" ], [ "Peer Group incl. Acquired Companies", "$100.00", "$116.64", "$114.02", "$127.96", "$132.23", "$105.80" ], [ "Peer Group ex. Acquired Companies", "$100.00", "$113.23", "$117.27", "$120.58", "$127.90", "$141.58" ] ]

[ [ "", "december 312013", "december 312014", "december 312015", "december 312016", "december 312017", "december 312018" ], [ "disca", "$ 100.00", "$ 74.58", "$ 57.76", "$ 59.34", "$ 48.45", "$ 53.56" ], [ "discb", "$ 100.00", "$ 80.56", "$ 58.82", "$ 63.44", "$ 53.97", "$ 72.90" ], [ "disck", "$ 100.00", "$ 80.42", "$ 60.15", "$ 63.87", "$ 50.49", "$ 55.04" ], [ "s&p 500", "$ 100.00", "$ 111.39", "$ 110.58", "$ 121.13", "$ 144.65", "$ 135.63" ], [ "peer group incl . acquired companies", "$ 100.00", "$ 116.64", "$ 114.02", "$ 127.96", "$ 132.23", "$ 105.80" ], [ "peer group ex . acquired companies", "$ 100.00", "$ 113.23", "$ 117.27", "$ 120.58", "$ 127.90", "$ 141.58" ] ]

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[ "table of contents respect to the mainline american and the mainline us airways dispatchers , flight simulator engineers and flight crew training instructors , all of whom are now represented by the twu , a rival organization , the national association of airline professionals ( naap ) , filed single carrier applications seeking to represent those employees .", "the nmb will have to determine that a single transportation system exists and will certify a post-merger representative of the combined employee groups before the process for negotiating new jcbas can begin .", "the merger had no impact on the cbas that cover the employees of our wholly-owned subsidiary airlines which are not being merged ( envoy , piedmont and psa ) .", "for those employees , the rla provides that cbas do not expire , but instead become amendable as of a stated date .", "in 2014 , envoy pilots ratified a new 10 year collective bargaining agreement , piedmont pilots ratified a new 10 year collective bargaining agreement and piedmont flight attendants ratified a new five-year collective bargaining agreement .", "with the exception of the passenger service employees who are now engaged in traditional rla negotiations that are expected to result in a jcba and the us airways flight simulator engineers and flight crew training instructors , other union-represented american mainline employees are covered by agreements that are not currently amendable .", "until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process described above , and , in the meantime , no self-help will be permissible .", "the piedmont mechanics and stock clerks and the psa and piedmont dispatchers also have agreements that are now amendable and are engaged in traditional rla negotiations .", "none of the unions representing our employees presently may lawfully engage in concerted refusals to work , such as strikes , slow-downs , sick-outs or other similar activity , against us .", "nonetheless , there is a risk that disgruntled employees , either with or without union involvement , could engage in one or more concerted refusals to work that could individually or collectively harm the operation of our airline and impair our financial performance .", "for more discussion , see part i , item 1a .", "risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel .", "based on our 2015 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2014 , a one cent per gallon increase in aviation fuel price would increase our 2015 annual fuel expense by $ 43 million .", "the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2012 through 2014 ( gallons and aircraft fuel expense in millions ) .", "year gallons average price per gallon aircraft fuel expense percent of total mainline operating expenses ." ]

[ "( a ) represents 201ccombined 201d financial data , which includes the financial results of american and us airways group each on a standalone basis .", "total combined fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american and us airways group , each on a standalone basis , were $ 2.0 billion , $ 2.1 billion and $ 2.1 billion for the years ended december 31 , 2014 , 2013 and 2012 , respectively. ." ]

[ [ "Year", "Gallons", "Average Price per Gallon", "Aircraft Fuel Expense", "Percent of Total Mainline Operating Expenses" ], [ "2014", "3,644", "$2.91", "$10,592", "33.2%" ], [ "2013 (a)", "3,608", "3.08", "11,109", "35.4" ], [ "2012 (a)", "3,512", "3.19", "11,194", "35.8" ] ]

[ [ "year", "gallons", "average price per gallon", "aircraft fuel expense", "percent of total mainline operating expenses" ], [ "2014", "3644", "$ 2.91", "$ 10592", "33.2% ( 33.2 % )" ], [ "2013 ( a )", "3608", "3.08", "11109", "35.4" ], [ "2012 ( a )", "3512", "3.19", "11194", "35.8" ] ]

[]

[ "jpmorgan chase & co./2017 annual report 89 the table below reflects the firm 2019s assessed level of capital allocated to each line of business as of the dates indicated .", "line of business equity ( allocated capital ) ." ]

[ "planning and stress testing comprehensive capital analysis and review the federal reserve requires large bank holding companies , including the firm , to submit a capital plan on an annual basis .", "the federal reserve uses the ccar and dodd-frank act stress test processes to ensure that large bhcs have sufficient capital during periods of economic and financial stress , and have robust , forward-looking capital assessment and planning processes in place that address each bhc 2019s unique risks to enable it to absorb losses under certain stress scenarios .", "through the ccar , the federal reserve evaluates each bhc 2019s capital adequacy and internal capital adequacy assessment processes ( 201cicaap 201d ) , as well as its plans to make capital distributions , such as dividend payments or stock repurchases .", "on june 28 , 2017 , the federal reserve informed the firm that it did not object , on either a quantitative or qualitative basis , to the firm 2019s 2017 capital plan .", "for information on actions taken by the firm 2019s board of directors following the 2017 ccar results , see capital actions on pages 89-90 .", "the firm 2019s ccar process is integrated into and employs the same methodologies utilized in the firm 2019s icaap process , as discussed below .", "internal capital adequacy assessment process semiannually , the firm completes the icaap , which provides management with a view of the impact of severe and unexpected events on earnings , balance sheet positions , reserves and capital .", "the firm 2019s icaap integrates stress testing protocols with capital planning .", "the process assesses the potential impact of alternative economic and business scenarios on the firm 2019s earnings and capital .", "economic scenarios , and the parameters underlying those scenarios , are defined centrally and applied uniformly across the businesses .", "these scenarios are articulated in terms of macroeconomic factors , which are key drivers of business results ; global market shocks , which generate short-term but severe trading losses ; and idiosyncratic operational risk events .", "the scenarios are intended to capture and stress key vulnerabilities and idiosyncratic risks facing the firm .", "however , when defining a broad range of scenarios , actual events can always be worse .", "accordingly , management considers additional stresses outside these scenarios , as necessary .", "icaap results are reviewed by management and the audit committee .", "capital actions preferred stock preferred stock dividends declared were $ 1.7 billion for the year ended december 31 , 2017 .", "on october 20 , 2017 , the firm issued $ 1.3 billion of fixed- to-floating rate non-cumulative preferred stock , series cc , with an initial dividend rate of 4.625% ( 4.625 % ) .", "on december 1 , 2017 , the firm redeemed all $ 1.3 billion of its outstanding 5.50% ( 5.50 % ) non-cumulative preferred stock , series o .", "for additional information on the firm 2019s preferred stock , see note 20 .", "trust preferred securities on december 18 , 2017 , the delaware trusts that issued seven series of outstanding trust preferred securities were liquidated , $ 1.6 billion of trust preferred and $ 56 million of common securities originally issued by those trusts were cancelled , and the junior subordinated debentures previously held by each trust issuer were distributed pro rata to the holders of the corresponding series of trust preferred and common securities .", "the firm redeemed $ 1.6 billion of trust preferred securities in the year ended december 31 , 2016 .", "common stock dividends the firm 2019s common stock dividend policy reflects jpmorgan chase 2019s earnings outlook , desired dividend payout ratio , capital objectives , and alternative investment opportunities .", "on september 19 , 2017 , the firm announced that its board of directors increased the quarterly common stock dividend to $ 0.56 per share , effective with the dividend paid on october 31 , 2017 .", "the firm 2019s dividends are subject to the board of directors 2019 approval on a quarterly basis .", "for information regarding dividend restrictions , see note 20 and note 25. ." ]

[ [ "", "", "December 31," ], [ "(in billions)", "January 1,2018", "2017", "2016" ], [ "Consumer & Community Banking", "$51.0", "$51.0", "$51.0" ], [ "Corporate & Investment Bank", "70.0", "70.0", "64.0" ], [ "Commercial Banking", "20.0", "20.0", "16.0" ], [ "Asset & Wealth Management", "9.0", "9.0", "9.0" ], [ "Corporate", "79.6", "79.6", "88.1" ], [ "Total common stockholders’ equity", "$229.6", "$229.6", "$228.1" ] ]

[ [ "( in billions )", "january 12018", "december 31 , 2017", "december 31 , 2016" ], [ "consumer & community banking", "$ 51.0", "$ 51.0", "$ 51.0" ], [ "corporate & investment bank", "70.0", "70.0", "64.0" ], [ "commercial banking", "20.0", "20.0", "16.0" ], [ "asset & wealth management", "9.0", "9.0", "9.0" ], [ "corporate", "79.6", "79.6", "88.1" ], [ "total common stockholders 2019 equity", "$ 229.6", "$ 229.6", "$ 228.1" ] ]

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[ "an average of 7.1 in 2000 .", "the top 100 largest clients used an average of 11.3 products in 2001 , up from an average of 11.2 in 2000 .", "state street benefits significantly from its ability to derive revenue from the transaction flows of clients .", "this occurs through the management of cash positions , including deposit balances and other short-term investment activities , using state street 2019s balance sheet capacity .", "significant foreign currency transaction volumes provide potential for foreign exchange trading revenue as well .", "fee revenue total operating fee revenuewas $ 2.8 billion in 2001 , compared to $ 2.7 billion in 2000 , an increase of 6% ( 6 % ) .", "adjusted for the formation of citistreet , the growth in fee revenue was 8% ( 8 % ) .", "growth in servicing fees of $ 199million , or 14% ( 14 % ) , was the primary contributor to the increase in fee revenue .", "this growth primarily reflects several large client wins installed starting in the latter half of 2000 and continuing throughout 2001 , and strength in fee revenue from securities lending .", "declines in equity market values worldwide offset some of the growth in servicing fees .", "management fees were down 5% ( 5 % ) , adjusted for the formation of citistreet , reflecting the decline in theworldwide equitymarkets .", "foreign exchange trading revenue was down 5% ( 5 % ) , reflecting lower currency volatility , and processing fees and other revenue was up 21% ( 21 % ) , primarily due to gains on the sales of investment securities .", "servicing and management fees are a function of several factors , including the mix and volume of assets under custody and assets under management , securities positions held , and portfolio transactions , as well as types of products and services used by clients .", "state street estimates , based on a study conducted in 2000 , that a 10% ( 10 % ) increase or decrease in worldwide equity values would cause a corresponding change in state street 2019s total revenue of approximately 2% ( 2 % ) .", "if bond values were to increase or decrease by 10% ( 10 % ) , state street would anticipate a corresponding change of approximately 1% ( 1 % ) in its total revenue .", "securities lending revenue in 2001 increased approximately 40% ( 40 % ) over 2000 .", "securities lending revenue is reflected in both servicing fees and management fees .", "securities lending revenue is a function of the volume of securities lent and interest rate spreads .", "while volumes increased in 2001 , the year-over-year increase is primarily due to wider interest rate spreads resulting from the unusual occurrence of eleven reductions in the u.s .", "federal funds target rate during 2001 .", "f e e r e v e n u e ( dollars in millions ) 2001 ( 1 ) 2000 1999 ( 2 ) change adjusted change 00-01 ( 3 ) ." ]

[ "( 1 ) 2001 results exclude the write-off of state street 2019s total investment in bridge of $ 50 million ( 2 ) 1999 results exclude the one-time charge of $ 57 million related to the repositioning of the investment portfolio ( 3 ) 2000 results adjusted for the formation of citistreet 4 state street corporation ." ]

[ [ "(Dollars in millions)", "2001(1)", "2000", "1999(2)", "Change 00-01", "Adjusted Change 00-01(3)" ], [ "Servicing fees", "$1,624", "$1,425", "$1,170", "14%", "14%" ], [ "Management fees", "511", "581", "600", "(12)", "(5)" ], [ "Foreign exchange trading", "368", "387", "306", "(5)", "(5)" ], [ "Processing fees and other", "329", "272", "236", "21", "21" ], [ "Total fee revenue", "$2,832", "$2,665", "$2,312", "6", "8" ] ]

[ [ "( dollars in millions )", "2001 ( 1 )", "2000", "1999 ( 2 )", "change 00-01", "adjusted change 00-01 ( 3 )" ], [ "servicing fees", "$ 1624", "$ 1425", "$ 1170", "14% ( 14 % )", "14% ( 14 % )" ], [ "management fees", "511", "581", "600", "-12 ( 12 )", "-5 ( 5 )" ], [ "foreign exchange trading", "368", "387", "306", "-5 ( 5 )", "-5 ( 5 )" ], [ "processing fees and other", "329", "272", "236", "21", "21" ], [ "total fee revenue", "$ 2832", "$ 2665", "$ 2312", "6", "8" ] ]

[]

[ "entergy corporation and subsidiaries management's financial discussion and analysis the expenses related to the voluntary severance program offered to employees .", "approximately 200 employees from the non-utility nuclear business and 150 employees in the utility business accepted the voluntary severance program offers .", "net revenue utility following is an analysis of the change in net revenue comparing 2008 to 2007 .", "amount ( in millions ) ." ]

[ "the purchased power capacity variance is primarily due to higher capacity charges .", "a portion of the variance is due to the amortization of deferred capacity costs and is offset in base revenues due to base rate increases implemented to recover incremental deferred and ongoing purchased power capacity charges .", "the volume/weather variance is primarily due to the effect of less favorable weather compared to the same period in 2007 and decreased electricity usage primarily during the unbilled sales period .", "hurricane gustav and hurricane ike , which hit the utility's service territories in september 2008 , contributed an estimated $ 46 million to the decrease in electricity usage .", "industrial sales were also depressed by the continuing effects of the hurricanes and , especially in the latter part of the year , because of the overall decline of the economy , leading to lower usage in the latter part of the year affecting both the large customer industrial segment as well as small and mid-sized industrial customers .", "the decreases in electricity usage were partially offset by an increase in residential and commercial customer electricity usage that occurred during the periods of the year not affected by the hurricanes .", "the retail electric price variance is primarily due to : an increase in the attala power plant costs recovered through the power management rider by entergy mississippi .", "the net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; a storm damage rider that became effective in october 2007 at entergy mississippi ; and an energy efficiency rider that became effective in november 2007 at entergy arkansas .", "the establishment of the storm damage rider and the energy efficiency rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no impact on net income .", "the retail electric price variance was partially offset by : the absence of interim storm recoveries through the formula rate plans at entergy louisiana and entergy gulf states louisiana which ceased upon the act 55 financing of storm costs in the third quarter 2008 ; and a credit passed on to customers as a result of the act 55 storm cost financings .", "refer to \"liquidity and capital resources - hurricane katrina and hurricane rita\" below and note 2 to the financial statements for a discussion of the interim recovery of storm costs and the act 55 storm cost financings. ." ]

[ [ "", "Amount (In Millions)" ], [ "2007 net revenue", "$4,618" ], [ "Purchased power capacity", "(25)" ], [ "Volume/weather", "(14)" ], [ "Retail electric price", "9" ], [ "Other", "1" ], [ "2008 net revenue", "$4,589" ] ]

[ [ "", "amount ( in millions )" ], [ "2007 net revenue", "$ 4618" ], [ "purchased power capacity", "-25 ( 25 )" ], [ "volume/weather", "-14 ( 14 )" ], [ "retail electric price", "9" ], [ "other", "1" ], [ "2008 net revenue", "$ 4589" ] ]

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[ "unconditional purchase obligations approximately $ 390 of our long-term unconditional purchase obligations relate to feedstock supply for numerous hyco ( hydrogen , carbon monoxide , and syngas ) facilities .", "the price of feedstock supply is principally related to the price of natural gas .", "however , long-term take-or-pay sales contracts to hyco customers are generally matched to the term of the feedstock supply obligations and provide recovery of price increases in the feedstock supply .", "due to the matching of most long-term feedstock supply obligations to customer sales contracts , we do not believe these purchase obligations would have a material effect on our financial condition or results of operations .", "refer to note 17 , commitments and contingencies , to the consolidated financial statements for additional information on our unconditional purchase obligations .", "the unconditional purchase obligations also include other product supply and purchase commitments and electric power and natural gas supply purchase obligations , which are primarily pass-through contracts with our customers .", "in addition , purchase commitments to spend approximately $ 540 for additional plant and equipment are included in the unconditional purchase obligations in 2016 .", "we also purchase materials , energy , capital equipment , supplies , and services as part of the ordinary course of business under arrangements that are not unconditional purchase obligations .", "the majority of such purchases are for raw materials and energy , which are obtained under requirements-type contracts at market prices .", "obligation for future contribution to an equity affiliate on 19 april 2015 , a joint venture between air products and acwa holding entered into a 20-year oxygen and nitrogen supply agreement to supply saudi aramco 2019s oil refinery and power plant being built in jazan , saudi arabia .", "air products owns 25% ( 25 % ) of the joint venture and guarantees the repayment of its share of an equity bridge loan .", "in total , we expect to invest approximately $ 100 in this joint venture .", "as of 30 september 2015 , we recorded a noncurrent liability of $ 67.5 for our obligation to make future equity contributions based on advances received by the joint venture under the loan .", "income tax liabilities noncurrent deferred income tax liabilities as of 30 september 2015 were $ 903.3 .", "tax liabilities related to unrecognized tax benefits as of 30 september 2015 were $ 97.5 .", "these tax liabilities were excluded from the contractual obligations table , as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws , tax rates , and our operating results .", "in addition , there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities .", "refer to note 23 , income taxes , to the consolidated financial statements for additional information .", "pension benefits the company sponsors defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees .", "the principal defined benefit pension plans 2014the u.s .", "salaried pension plan and the u.k .", "pension plan 2014were closed to new participants in 2005 and were replaced with defined contribution plans .", "over the long run , the shift to defined contribution plans is expected to reduce volatility of both plan expense and contributions .", "the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2015 measurement date decreased to $ 3916.4 from $ 4114.6 at the end of fiscal year 2014 .", "the projected benefit obligation for these plans was $ 4787.8 and $ 4738.6 at the end of the fiscal years 2015 and 2014 , respectively .", "refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .", "pension expense ." ]

[ "." ]

[ [ "", "2015", "2014", "2013" ], [ "Pension expense", "$135.6", "$135.9", "$169.7" ], [ "Special terminations, settlements, and curtailments (included above)", "35.2", "5.8", "19.8" ], [ "Weighted average discount rate", "4.0%", "4.6%", "4.0%" ], [ "Weighted average expected rate of return on plan assets", "7.4%", "7.7%", "7.7%" ], [ "Weighted average expected rate of compensation increase", "3.5%", "3.9%", "3.8%" ] ]

[ [ "", "2015", "2014", "2013" ], [ "pension expense", "$ 135.6", "$ 135.9", "$ 169.7" ], [ "special terminations settlements and curtailments ( included above )", "35.2", "5.8", "19.8" ], [ "weighted average discount rate", "4.0% ( 4.0 % )", "4.6% ( 4.6 % )", "4.0% ( 4.0 % )" ], [ "weighted average expected rate of return on plan assets", "7.4% ( 7.4 % )", "7.7% ( 7.7 % )", "7.7% ( 7.7 % )" ], [ "weighted average expected rate of compensation increase", "3.5% ( 3.5 % )", "3.9% ( 3.9 % )", "3.8% ( 3.8 % )" ] ]

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[ "zimmer biomet holdings , inc .", "2018 form 10-k annual report ( 8 ) we have incurred other various expenses from specific events or projects that we consider highly variable or have a significant impact to our operating results that we have excluded from our non-gaap financial measures .", "this includes legal entity and operational restructuring as well as our costs of complying with our dpa with the u.s .", "government related to certain fcpa matters involving biomet and certain of its subsidiaries .", "under the dpa , which has a three-year term , we are subject to oversight by an independent compliance monitor , which monitorship commenced in july 2017 .", "the excluded costs include the fees paid to the independent compliance monitor and to external legal counsel assisting in the matter .", "( 9 ) represents the tax effects on the previously specified items .", "the tax effect for the u.s .", "jurisdiction is calculated based on an effective rate considering federal and state taxes , as well as permanent items .", "for jurisdictions outside the u.s. , the tax effect is calculated based upon the statutory rates where the items were incurred .", "( 10 ) the 2016 period includes negative effects from finalizing the tax accounts for the biomet merger .", "under the applicable u.s .", "gaap rules , these measurement period adjustments are recognized on a prospective basis in the period of change .", "( 11 ) the 2017 tax act resulted in a net favorable provisional adjustment due to the reduction of deferred tax liabilities for unremitted earnings and revaluation of deferred tax liabilities to a 21 percent rate , which was partially offset by provisional tax charges related to the toll charge provision of the 2017 tax act .", "in 2018 , we finalized our estimates of the effects of the 2017 tax act based upon final guidance issued by u.s .", "tax authorities .", "( 12 ) other certain tax adjustments in 2018 primarily related to changes in tax rates on deferred tax liabilities recorded on intangible assets recognized in acquisition-related accounting and adjustments from internal restructuring transactions that provide us access to offshore funds in a tax efficient manner .", "in 2017 , other certain tax adjustments relate to tax benefits from lower tax rates unrelated to the impact of the 2017 tax act , net favorable resolutions of various tax matters and net favorable adjustments from internal restructuring transactions .", "the 2016 adjustment primarily related to a favorable adjustment to certain deferred tax liabilities recognized as part of acquisition-related accounting and favorable resolution of certain tax matters with taxing authorities offset by internal restructuring transactions that provide us access to offshore funds in a tax efficient manner .", "( 13 ) diluted share count used in adjusted diluted eps : year ended december 31 , 2018 ." ]

[ "liquidity and capital resources cash flows provided by operating activities were $ 1747.4 million in 2018 compared to $ 1582.3 million and $ 1632.2 million in 2017 and 2016 , respectively .", "the increase in operating cash flows in 2018 compared to 2017 was driven by additional cash flows from our sale of accounts receivable in certain countries , lower acquisition and integration expenses and lower quality remediation expenses , as well as certain significant payments made in the 2017 period .", "in the 2017 period , we made payments related to the u.s .", "durom cup settlement program , and we paid $ 30.5 million in settlement payments to resolve previously-disclosed fcpa matters involving biomet and certain of its subsidiaries as discussed in note 19 to our consolidated financial statements included in item 8 of this report .", "the decline in operating cash flows in 2017 compared to 2016 was driven by additional investments in inventory , additional expenses for quality remediation and the significant payments made in the 2017 period as discussed in the previous sentence .", "these unfavorable items were partially offset by $ 174.0 million of incremental cash flows in 2017 from our sale of accounts receivable in certain countries .", "cash flows used in investing activities were $ 416.6 million in 2018 compared to $ 510.8 million and $ 1691.5 million in 2017 and 2016 , respectively .", "instrument and property , plant and equipment additions reflected ongoing investments in our product portfolio and optimization of our manufacturing and logistics network .", "in 2018 , we entered into receive-fixed-rate , pay-fixed-rate cross-currency interest rate swaps .", "our investing cash flows reflect the net cash inflows from the fixed- rate interest rate receipts/payments , as well as the termination of certain of these swaps that were in a gain position in the year .", "the 2016 period included cash outflows for the acquisition of ldr holding corporation ( 201cldr 201d ) and other business acquisitions .", "additionally , the 2016 period reflects the maturity of available-for-sale debt securities .", "as these investments matured , we used the cash to pay off debt and have not reinvested in any additional debt securities .", "cash flows used in financing activities were $ 1302.2 million in 2018 .", "our primary use of available cash in 2018 was for debt repayment .", "we received net proceeds of $ 749.5 million from the issuance of additional senior notes and borrowed $ 400.0 million from our multicurrency revolving facility to repay $ 1150.0 million of senior notes that became due on april 2 , 2018 .", "we subsequently repaid the $ 400.0 million of multicurrency revolving facility borrowings .", "also in 2018 , we borrowed another $ 675.0 million under a new u.s .", "term loan c and used the cash proceeds along with cash generated from operations throughout the year to repay an aggregate of $ 835.0 million on u.s .", "term loan a , $ 450.0 million on u.s .", "term loan b , and we subsequently repaid $ 140.0 million on u.s .", "term loan c .", "overall , we had approximately $ 1150 million of net principal repayments on our senior notes and term loans in 2018 .", "in 2017 , our primary use of available cash was also for debt repayment compared to 2016 when we were not able to repay as much debt due to financing requirements to complete the ldr and other business acquisitions .", "additionally in 2017 , we had net cash inflows of $ 103.5 million on factoring programs that had not been remitted to the third party .", "in 2018 , we had net cash outflows related to these factoring programs as we remitted the $ 103.5 million and collected only $ 66.8 million which had not yet been remitted by the end of the year .", "since our factoring programs started at the end of 2016 , we did not have similar cash flows in that year .", "in january 2019 , we borrowed an additional $ 200.0 million under u.s .", "term loan c and used those proceeds , along with cash on hand , to repay the remaining $ 225.0 million outstanding under u.s .", "term loan b .", "in february , may , august and december 2018 , our board of directors declared cash dividends of $ 0.24 per share .", "we expect to continue paying cash dividends on a quarterly basis ; however , future dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change .", "as further discussed in note 11 to our consolidated financial statements , our debt facilities restrict the payment of dividends in certain circumstances. ." ]

[ [ "", "Year endedDecember 31, 2018" ], [ "Diluted shares", "203.5" ], [ "Dilutive shares assuming net earnings", "1.5" ], [ "Adjusted diluted shares", "205.0" ] ]

[ [ "", "year endeddecember 31 2018" ], [ "diluted shares", "203.5" ], [ "dilutive shares assuming net earnings", "1.5" ], [ "adjusted diluted shares", "205.0" ] ]

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[ "notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guarantees of certain obligations of our subsidiaries relating principally to credit facilities , certain media payables and operating leases of certain subsidiaries .", "the amount of such parent company guarantees was $ 769.3 and $ 706.7 as of december 31 , 2009 and 2008 , respectively .", "in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .", "as of december 31 , 2009 , there are no material assets pledged as security for such parent company guarantees .", "contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 , 2009 .", "the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .", "see note 6 for further information relating to the payment structure of our acquisitions .", "all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress. ." ]

[ "1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .", "in such instances , we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable .", "we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2009 .", "as such , these estimated acquisition payments of $ 20.5 have been included within the total payments expected to be made in 2010 in the table and , if not made in 2010 , will continue to carry forward into 2011 or beyond until they are exercised or expire .", "redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities .", "legal matters we are involved in legal and administrative proceedings of various types .", "while any litigation contains an element of uncertainty , we do not believe that the outcome of such proceedings will have a material adverse effect on our financial condition , results of operations or cash flows .", "note 16 : recent accounting standards in december 2009 , the financial accounting standards board ( 201cfasb 201d ) amended authoritative guidance related to accounting for transfers and servicing of financial assets and extinguishments of liabilities .", "the guidance will be effective for the company beginning january 1 , 2010 .", "the guidance eliminates the concept of a qualifying special-purpose entity and changes the criteria for derecognizing financial assets .", "in addition , the guidance will require additional disclosures related to a company 2019s continued involvement with financial assets that have been transferred .", "we do not expect the adoption of this amended guidance to have a significant impact on our consolidated financial statements .", "in december 2009 , the fasb amended authoritative guidance for consolidating variable interest entities .", "the guidance will be effective for the company beginning january 1 , 2010 .", "specifically , the guidance revises factors that should be considered by a reporting entity when determining whether an entity that is insufficiently capitalized or is not controlled through voting ( or similar rights ) should be consolidated .", "this guidance also includes revised financial statement disclosures regarding the reporting entity 2019s involvement , including significant risk exposures as a result of that involvement , and the impact the relationship has on the reporting entity 2019s financial statements .", "we are currently evaluating the potential impact of the amended guidance on our consolidated financial statements. ." ]

[ [ "", "2010", "2011", "2012", "2013", "2014", "Thereafter", "Total" ], [ "Deferred acquisition payments", "$20.5", "$34.8", "$1.2", "$1.1", "$2.1", "$0.3", "$60.0" ], [ "Redeemable noncontrolling interests and call options with affiliates¹", "44.4", "47.9", "40.5", "36.3", "3.3", "—", "172.4" ], [ "Total contingent acquisition payments", "64.9", "82.7", "41.7", "37.4", "5.4", "0.3", "232.4" ], [ "Less: cash compensation expense included above", "1.0", "1.0", "1.0", "0.5", "—", "—", "3.5" ], [ "Total", "$63.9", "$81.7", "$40.7", "$36.9", "$5.4", "$0.3", "$228.9" ] ]

[ [ "", "2010", "2011", "2012", "2013", "2014", "thereafter", "total" ], [ "deferred acquisition payments", "$ 20.5", "$ 34.8", "$ 1.2", "$ 1.1", "$ 2.1", "$ 0.3", "$ 60.0" ], [ "redeemable noncontrolling interests and call options with affiliates1", "44.4", "47.9", "40.5", "36.3", "3.3", "2014", "172.4" ], [ "total contingent acquisition payments", "64.9", "82.7", "41.7", "37.4", "5.4", "0.3", "232.4" ], [ "less : cash compensation expense included above", "1.0", "1.0", "1.0", "0.5", "2014", "2014", "3.5" ], [ "total", "$ 63.9", "$ 81.7", "$ 40.7", "$ 36.9", "$ 5.4", "$ 0.3", "$ 228.9" ] ]

[]

[ "fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .", "we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .", "as such , we have no control over activities that could materially impact the fair value of the leased assets .", "we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .", "additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .", "the future minimum lease payments associated with the vie leases totaled $ 3.6 billion as of december 31 , 2012 .", "16 .", "leases we lease certain locomotives , freight cars , and other property .", "the consolidated statements of financial position as of december 31 , 2012 and 2011 included $ 2467 million , net of $ 966 million of accumulated depreciation , and $ 2458 million , net of $ 915 million of accumulated depreciation , respectively , for properties held under capital leases .", "a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .", "future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2012 , were as follows : millions operating leases capital leases ." ]

[ "approximately 94% ( 94 % ) of capital lease payments relate to locomotives .", "rent expense for operating leases with terms exceeding one month was $ 631 million in 2012 , $ 637 million in 2011 , and $ 624 million in 2010 .", "when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .", "contingent rentals and sub-rentals are not significant .", "17 .", "commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .", "we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .", "we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use an actuarial analysis to measure the expense and liability , including unasserted claims .", "the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .", "under fela , damages ." ]

[ [ "<i>Millions</i>", "<i>Operating</i><i>Leases</i>", "<i>Capital</i><i>Leases</i>" ], [ "2013", "$525", "$282" ], [ "2014", "466", "265" ], [ "2015", "410", "253" ], [ "2016", "375", "232" ], [ "2017", "339", "243" ], [ "Later years", "2,126", "1,166" ], [ "Total minimum leasepayments", "$4,241", "$2,441" ], [ "Amount representing interest", "N/A", "(593)" ], [ "Present value of minimum leasepayments", "N/A", "$1,848" ] ]

[ [ "millions", "operatingleases", "capitalleases" ], [ "2013", "$ 525", "$ 282" ], [ "2014", "466", "265" ], [ "2015", "410", "253" ], [ "2016", "375", "232" ], [ "2017", "339", "243" ], [ "later years", "2126", "1166" ], [ "total minimum leasepayments", "$ 4241", "$ 2441" ], [ "amount representing interest", "n/a", "-593 ( 593 )" ], [ "present value of minimum leasepayments", "n/a", "$ 1848" ] ]

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[ "anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .", "a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .", "treasury securities or u.s .", "government agency securities .", "our exposure to risk is minimal given the nature of the investments .", "our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .", "based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .", "however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .", "net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .", "total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .", "net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .", "net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .", "we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .", "this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .", "as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .", "as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .", "we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .", "a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .", "valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .", "net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .", "our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .", "as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .", "each clearing firm is required to deposit and maintain specified performance bond collateral .", "performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .", "we accept a variety of collateral to satisfy performance bond requirements .", "cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .", "clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .", "the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .", "cash performance bonds and guaranty fund contributions consisted of the following at december 31: ." ]

[ "." ]

[ [ "(in millions)", "2010", "2009" ], [ "Cash performance bonds", "$3,717.0", "$5,834.6" ], [ "Cash guaranty fund contributions", "231.8", "102.6" ], [ "Cross-margin arrangements", "79.7", "10.6" ], [ "Performance collateral for delivery", "10.0", "34.1" ], [ "Total", "$4,038.5", "$5,981.9" ] ]

[ [ "( in millions )", "2010", "2009" ], [ "cash performance bonds", "$ 3717.0", "$ 5834.6" ], [ "cash guaranty fund contributions", "231.8", "102.6" ], [ "cross-margin arrangements", "79.7", "10.6" ], [ "performance collateral for delivery", "10.0", "34.1" ], [ "total", "$ 4038.5", "$ 5981.9" ] ]

[ { "arg1": "3717.0", "arg2": "231.8", "op": "add2-1", "res": "3948.8" }, { "arg1": "#0", "arg2": "4038.5", "op": "divide2-2", "res": "97.7%" } ]

[ "marathon oil corporation notes to consolidated financial statements equivalent to the exchangeable shares at the acquisition date as discussed below .", "additional shares of voting preferred stock will be issued as necessary to adjust the number of votes to account for changes in the exchange ratio .", "preferred shares 2013 in connection with the acquisition of western discussed in note 6 , the board of directors authorized a class of voting preferred stock consisting of 6 million shares .", "upon completion of the acquisition , we issued 5 million shares of this voting preferred stock to a trustee , who holds the shares for the benefit of the holders of the exchangeable shares discussed above .", "each share of voting preferred stock is entitled to one vote on all matters submitted to the holders of marathon common stock .", "each holder of exchangeable shares may direct the trustee to vote the number of shares of voting preferred stock equal to the number of shares of marathon common stock issuable upon the exchange of the exchangeable shares held by that holder .", "in no event will the aggregate number of votes entitled to be cast by the trustee with respect to the outstanding shares of voting preferred stock exceed the number of votes entitled to be cast with respect to the outstanding exchangeable shares .", "except as otherwise provided in our restated certificate of incorporation or by applicable law , the common stock and the voting preferred stock will vote together as a single class in the election of directors of marathon and on all other matters submitted to a vote of stockholders of marathon generally .", "the voting preferred stock will have no other voting rights except as required by law .", "other than dividends payable solely in shares of voting preferred stock , no dividend or other distribution , will be paid or payable to the holder of the voting preferred stock .", "in the event of any liquidation , dissolution or winding up of marathon , the holder of shares of the voting preferred stock will not be entitled to receive any assets of marathon available for distribution to its stockholders .", "the voting preferred stock is not convertible into any other class or series of the capital stock of marathon or into cash , property or other rights , and may not be redeemed .", "25 .", "leases we lease a wide variety of facilities and equipment under operating leases , including land and building space , office equipment , production facilities and transportation equipment .", "most long-term leases include renewal options and , in certain leases , purchase options .", "future minimum commitments for capital lease obligations ( including sale-leasebacks accounted for as financings ) and for operating lease obligations having initial or remaining noncancelable lease terms in excess of one year are as follows : ( in millions ) capital lease obligations ( a ) operating obligations ." ]

[ "( a ) capital lease obligations include $ 164 million related to assets under construction as of december 31 , 2009 .", "these leases are currently reported in long-term debt based on percentage of construction completed at $ 36 million .", "in connection with past sales of various plants and operations , we assigned and the purchasers assumed certain leases of major equipment used in the divested plants and operations of united states steel .", "in the event of a default by any of the purchasers , united states steel has assumed these obligations ; however , we remain primarily obligated for payments under these leases .", "minimum lease payments under these operating lease obligations of $ 16 million have been included above and an equal amount has been reported as sublease rentals. ." ]

[ [ "<i>(In millions)</i>", "Capital Lease Obligations (a)", "Operating Lease Obligations" ], [ "2010", "$46", "$165" ], [ "2011", "45", "140" ], [ "2012", "58", "121" ], [ "2013", "44", "102" ], [ "2014", "44", "84" ], [ "Later years", "466", "313" ], [ "Sublease rentals", "-", "(16)" ], [ "Total minimum lease payments", "$703", "$909" ], [ "Less imputed interest costs", "(257)", "" ], [ "Present value of net minimum lease payments", "$446", "" ] ]

[ [ "( in millions )", "capital lease obligations ( a )", "operating lease obligations" ], [ "2010", "$ 46", "$ 165" ], [ "2011", "45", "140" ], [ "2012", "58", "121" ], [ "2013", "44", "102" ], [ "2014", "44", "84" ], [ "later years", "466", "313" ], [ "sublease rentals", "-", "-16 ( 16 )" ], [ "total minimum lease payments", "$ 703", "$ 909" ], [ "less imputed interest costs", "-257 ( 257 )", "" ], [ "present value of net minimum lease payments", "$ 446", "" ] ]

[]

[ "proved reserves can be added as expansions are permitted , funding is approved and certain stipulations of the joint venture agreement are satisfied .", "the following table sets forth changes in estimated quantities of net proved bitumen reserves for the year 2008 .", "estimated quantities of proved bitumen reserves ( millions of barrels ) 2008 ." ]

[ "( a ) revisions were driven primarily by price and the impact of the new royalty regime discussed below .", "the above estimated quantity of net proved bitumen reserves is a forward-looking statement and is based on a number of assumptions , including ( among others ) commodity prices , volumes in-place , presently known physical data , recoverability of bitumen , industry economic conditions , levels of cash flow from operations , and other operating considerations .", "to the extent these assumptions prove inaccurate , actual recoveries could be different than current estimates .", "for a discussion of the proved bitumen reserves estimation process , see item 7 .", "management 2019s discussion and analysis of financial condition and results of operations 2013 critical accounting estimates 2013 estimated net recoverable reserve quantities 2013 proved bitumen reserves .", "operations at the aosp are not within the scope of statement of financial accounting standards ( 201csfas 201d ) no .", "25 , 201csuspension of certain accounting requirements for oil and gas producing companies ( an amendment of financial accounting standards board ( 201cfasb 201d ) statement no .", "19 ) , 201d sfas no .", "69 , 201cdisclosures about oil and gas producing activities ( an amendment of fasb statements 19 , 25 , 33 and 39 ) , 201d and securities and exchange commission ( 201csec 201d ) rule 4-10 of regulation s-x ; therefore , bitumen production and reserves are not included in our supplementary information on oil and gas producing activities .", "the sec has recently issued a release amending these disclosure requirements effective for annual reports on form 10-k for fiscal years ending on or after december 31 , 2009 , see item 7 .", "management 2019s discussion and analysis of financial condition and results of operations 2013 accounting standards not yet adopted for additional information .", "prior to our acquisition of western , the first fully-integrated expansion of the existing aosp facilities was approved in 2006 .", "expansion 1 , which includes construction of mining and extraction facilities at the jackpine mine , expansion of treatment facilities at the existing muskeg river mine , expansion of the scotford upgrader and development of related infrastructure , is anticipated to begin operations in late 2010 or 2011 .", "when expansion 1 is complete , we will have more than 50000 bpd of net production and upgrading capacity in the canadian oil sands .", "the timing and scope of future expansions and debottlenecking opportunities on existing operations remain under review .", "during 2008 , the alberta government accepted the project 2019s application to have a portion of the expansion 1 capital costs form part of the muskeg river mine 2019s allowable cost recovery pool .", "due to commodity price declines in the year , royalties for 2008 were one percent of the gross mine revenue .", "commencing january 1 , 2009 , the alberta royalty regime has been amended such that royalty rates will be based on the canadian dollar ( 201ccad 201d ) equivalent monthly average west texas intermediate ( 201cwti 201d ) price .", "royalty rates will rise from a minimum of one percent to a maximum of nine percent under the gross revenue method and from a minimum of 25 percent to a maximum of 40 percent under the net revenue method .", "under both methods , the minimum royalty is based on a wti price of $ 55.00 cad per barrel and below while the maximum royalty is reached at a wti price of $ 120.00 cad per barrel and above , with a linear increase in royalty between the aforementioned prices .", "the above discussion of the oil sands mining segment includes forward-looking statements concerning the anticipated completion of aosp expansion 1 .", "factors which could affect the expansion project include transportation logistics , availability of materials and labor , unforeseen hazards such as weather conditions , delays in obtaining or conditions imposed by necessary government and third-party approvals and other risks customarily associated with construction projects .", "refining , marketing and transportation refining we own and operate seven refineries in the gulf coast , midwest and upper great plains regions of the united states with an aggregate refining capacity of 1.016 million barrels per day ( 201cmmbpd 201d ) of crude oil .", "during 2008 ." ]

[ [ "<i>(Millions of barrels)</i>", "2008" ], [ "Beginning of year", "421" ], [ "Revisions^(a)", "(30)" ], [ "Extensions, discoveries and additions", "6" ], [ "Production", "(9)" ], [ "End of year", "388" ] ]

[ [ "( millions of barrels )", "2008" ], [ "beginning of year", "421" ], [ "revisions ( a )", "-30 ( 30 )" ], [ "extensions discoveries and additions", "6" ], [ "production", "-9 ( 9 )" ], [ "end of year", "388" ] ]

[ { "arg1": "388", "arg2": "421", "op": "minus1-1", "res": "-33" }, { "arg1": "#0", "arg2": "421", "op": "divide1-2", "res": "-7.8%" } ]

[ "18 .", "allowance for credit losses ." ]

[ "( 1 ) reclassified to conform to the current period 2019s presentation .", "( 2 ) 2009 primarily includes reductions to the loan loss reserve of approximately $ 543 million related to securitizations , approximately $ 402 million related to the sale or transfers to held-for-sale of u.s .", "real estate lending loans , and $ 562 million related to the transfer of the u.k .", "cards portfolio to held-for-sale .", "2008 primarily includes reductions to the loan loss reserve of approximately $ 800 million related to fx translation , $ 102 million related to securitizations , $ 244 million for the sale of the german retail banking operation , $ 156 million for the sale of citicapital , partially offset by additions of $ 106 million related to the cuscatl e1n and bank of overseas chinese acquisitions .", "2007 primarily includes reductions to the loan loss reserve of $ 475 million related to securitizations and transfers to loans held-for-sale , and reductions of $ 83 million related to the transfer of the u.k .", "citifinancial portfolio to held-for-sale , offset by additions of $ 610 million related to the acquisitions of egg , nikko cordial , grupo cuscatl e1n and grupo financiero uno .", "( 3 ) represents additional credit loss reserves for unfunded corporate lending commitments and letters of credit recorded in other liabilities on the consolidated balance sheet. ." ]

[ [ "In millions of dollars", "2009", "2008(1)", "2007(1)" ], [ "Allowance for loan losses at beginning of year", "$29,616", "$16,117", "$8,940" ], [ "Gross credit losses", "(32,784)", "(20,760)", "(11,864)" ], [ "Gross recoveries", "2,043", "1,749", "1,938" ], [ "Net credit (losses) recoveries (NCLs)", "$(30,741)", "$(19,011)", "$(9,926)" ], [ "NCLs", "$30,741", "$19,011", "$9,926" ], [ "Net reserve builds (releases)", "5,741", "11,297", "6,550" ], [ "Net specific reserve builds (releases)", "2,278", "3,366", "356" ], [ "Total provision for credit losses", "$38,760", "$33,674", "$16,832" ], [ "Other, net(2)", "(1,602)", "(1,164)", "271" ], [ "Allowance for loan losses at end of year", "$36,033", "$29,616", "$16,117" ], [ "Allowance for credit losses on unfunded lending commitments at beginning of year(3)", "$887", "$1,250", "$1,100" ], [ "Provision for unfunded lending commitments", "244", "(363)", "150" ], [ "Allowance for credit losses on unfunded lending commitments at end of year(3)", "$1,157", "$887", "$1,250" ], [ "Total allowance for loans, leases, and unfunded lending commitments", "$37,190", "$30,503", "$17,367" ] ]

[ [ "in millions of dollars", "2009", "2008 ( 1 )", "2007 ( 1 )" ], [ "allowance for loan losses at beginning of year", "$ 29616", "$ 16117", "$ 8940" ], [ "gross credit losses", "-32784 ( 32784 )", "-20760 ( 20760 )", "-11864 ( 11864 )" ], [ "gross recoveries", "2043", "1749", "1938" ], [ "net credit ( losses ) recoveries ( ncls )", "$ -30741 ( 30741 )", "$ -19011 ( 19011 )", "$ -9926 ( 9926 )" ], [ "ncls", "$ 30741", "$ 19011", "$ 9926" ], [ "net reserve builds ( releases )", "5741", "11297", "6550" ], [ "net specific reserve builds ( releases )", "2278", "3366", "356" ], [ "total provision for credit losses", "$ 38760", "$ 33674", "$ 16832" ], [ "other net ( 2 )", "-1602 ( 1602 )", "-1164 ( 1164 )", "271" ], [ "allowance for loan losses at end of year", "$ 36033", "$ 29616", "$ 16117" ], [ "allowance for credit losses on unfunded lending commitments at beginning of year ( 3 )", "$ 887", "$ 1250", "$ 1100" ], [ "provision for unfunded lending commitments", "244", "-363 ( 363 )", "150" ], [ "allowance for credit losses on unfunded lending commitments at end of year ( 3 )", "$ 1157", "$ 887", "$ 1250" ], [ "total allowance for loans leases and unfunded lending commitments", "$ 37190", "$ 30503", "$ 17367" ] ]

[]

[ "our refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation .", "the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as an indicator of the impact of price on the refining margin .", "crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil .", "as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s .", "gulf coast crack spreads that we feel most closely track our operations and slate of products .", "posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation .", "the following table lists calculated average crack spreads by quarter for the midwest ( chicago ) and gulf coast markets in 2008 .", "crack spreads ( dollars per barrel ) 1st qtr 2nd qtr 3rd qtr 4th qtr 2008 ." ]

[ "in addition to the market changes indicated by the crack spreads , our refining and wholesale marketing gross margin is impacted by factors such as the types of crude oil and other charge and blendstocks processed , the selling prices realized for refined products , the impact of commodity derivative instruments used to mitigate price risk and the cost of purchased products for resale .", "we process significant amounts of sour crude oil which can enhance our profitability compared to certain of our competitors , as sour crude oil typically can be purchased at a discount to sweet crude oil .", "finally , our refining and wholesale marketing gross margin is impacted by changes in manufacturing costs , which are primarily driven by the level of maintenance activities at the refineries and the price of purchased natural gas used for plant fuel .", "our 2008 refining and wholesale marketing gross margin was the key driver of the 43 percent decrease in rm&t segment income when compared to 2007 .", "our average refining and wholesale marketing gross margin per gallon decreased 37 percent , to 11.66 cents in 2008 from 18.48 cents in 2007 , primarily due to the significant and rapid increases in crude oil prices early in 2008 and lagging wholesale price realizations .", "our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability .", "while on average demand has been increasing for several years , there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year .", "in 2008 , demand began to drop due to the combination of significant increases in retail petroleum prices and a broad slowdown in general activity .", "the gross margin on merchandise sold at retail outlets has historically been more constant .", "the profitability of our pipeline transportation operations is primarily dependent on the volumes shipped through our crude oil and refined products pipelines .", "the volume of crude oil that we transport is directly affected by the supply of , and refiner demand for , crude oil in the markets served directly by our crude oil pipelines .", "key factors in this supply and demand balance are the production levels of crude oil by producers , the availability and cost of alternative modes of transportation , and refinery and transportation system maintenance levels .", "the volume of refined products that we transport is directly affected by the production levels of , and user demand for , refined products in the markets served by our refined product pipelines .", "in most of our markets , demand for gasoline peaks during the summer and declines during the fall and winter months , whereas distillate demand is more ratable throughout the year .", "as with crude oil , other transportation alternatives and system maintenance levels influence refined product movements .", "integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand .", "our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in the u.s. , europe and west africa .", "our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices .", "in 2008 , its ." ]

[ [ "<i></i> Crack spreads<i></i><i>(Dollars per barrel)</i>", "1st Qtr", "2nd Qtr", "3rd Qtr", "4th Qtr", "2008" ], [ "Chicago LLS 6-3-2-1", "$0.07", "$2.71", "$7.81", "$2.31", "$3.27" ], [ "US Gulf Coast LLS 6-3-2-1", "$1.39", "$1.99", "$6.32", "($0.01)", "$2.45" ] ]

[ [ "crack spreads ( dollars per barrel )", "1st qtr", "2nd qtr", "3rd qtr", "4th qtr", "2008" ], [ "chicago lls 6-3-2-1", "$ 0.07", "$ 2.71", "$ 7.81", "$ 2.31", "$ 3.27" ], [ "us gulf coast lls 6-3-2-1", "$ 1.39", "$ 1.99", "$ 6.32", "( $ 0.01 )", "$ 2.45" ] ]

[]

[ "credit commitments and lines of credit the table below summarizes citigroup 2019s credit commitments : in millions of dollars u.s .", "outside of u.s .", "december 31 , december 31 ." ]

[ "the majority of unused commitments are contingent upon customers maintaining specific credit standards .", "commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees .", "such fees ( net of certain direct costs ) are deferred and , upon exercise of the commitment , amortized over the life of the loan or , if exercise is deemed remote , amortized over the commitment period .", "commercial and similar letters of credit a commercial letter of credit is an instrument by which citigroup substitutes its credit for that of a customer to enable the customer to finance the purchase of goods or to incur other commitments .", "citigroup issues a letter on behalf of its client to a supplier and agrees to pay the supplier upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit .", "when a letter of credit is drawn , the customer is then required to reimburse citigroup .", "one- to four-family residential mortgages a one- to four-family residential mortgage commitment is a written confirmation from citigroup to a seller of a property that the bank will advance the specified sums enabling the buyer to complete the purchase .", "revolving open-end loans secured by one- to four-family residential properties revolving open-end loans secured by one- to four-family residential properties are essentially home equity lines of credit .", "a home equity line of credit is a loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt outstanding for the first mortgage .", "commercial real estate , construction and land development commercial real estate , construction and land development include unused portions of commitments to extend credit for the purpose of financing commercial and multifamily residential properties as well as land development projects .", "both secured-by-real-estate and unsecured commitments are included in this line , as well as undistributed loan proceeds , where there is an obligation to advance for construction progress payments .", "however , this line only includes those extensions of credit that , once funded , will be classified as total loans , net on the consolidated balance sheet .", "credit card lines citigroup provides credit to customers by issuing credit cards .", "the credit card lines are cancelable by providing notice to the cardholder or without such notice as permitted by local law .", "commercial and other consumer loan commitments commercial and other consumer loan commitments include overdraft and liquidity facilities as well as commercial commitments to make or purchase loans , purchase third-party receivables , provide note issuance or revolving underwriting facilities and invest in the form of equity .", "other commitments and contingencies other commitments and contingencies include committed or unsettled regular-way reverse repurchase agreements and all other transactions related to commitments and contingencies not reported on the lines above .", "unsettled reverse repurchase and securities lending agreements and unsettled repurchase and securities borrowing agreements in addition , in the normal course of business , citigroup enters into reverse repurchase and securities borrowing agreements , as well as repurchase and securities lending agreements , which settle at a future date .", "at december 31 , 2018 , and 2017 , citigroup had $ 36.1 billion and $ 35.0 billion unsettled reverse repurchase and securities borrowing agreements , respectively , and $ 30.7 billion and $ 19.1 billion unsettled repurchase and securities lending agreements , respectively .", "for a further discussion of securities purchased under agreements to resell and securities borrowed , and securities sold under agreements to repurchase and securities loaned , including the company 2019s policy for offsetting repurchase and reverse repurchase agreements , see note 11 to the consolidated financial statements. ." ]

[ [ "In millions of dollars", "U.S.", "Outside ofU.S.", "December 31,2018", "December 31, 2017" ], [ "Commercial and similar letters of credit", "$823", "$4,638", "$5,461", "$5,000" ], [ "One- to four-family residential mortgages", "1,056", "1,615", "2,671", "2,674" ], [ "Revolving open-end loans secured by one- to four-family residential properties", "10,019", "1,355", "11,374", "12,323" ], [ "Commercial real estate, construction and land development", "9,565", "1,728", "11,293", "11,151" ], [ "Credit card lines", "605,857", "90,150", "696,007", "678,300" ], [ "Commercial and other consumer loan commitments", "185,849", "102,918", "288,767", "272,655" ], [ "Other commitments and contingencies", "2,560", "761", "3,321", "3,071" ], [ "Total", "$815,729", "$203,165", "$1,018,894", "$985,174" ] ]

[ [ "in millions of dollars", "u.s .", "outside ofu.s .", "december 312018", "december 31 2017" ], [ "commercial and similar letters of credit", "$ 823", "$ 4638", "$ 5461", "$ 5000" ], [ "one- to four-family residential mortgages", "1056", "1615", "2671", "2674" ], [ "revolving open-end loans secured by one- to four-family residential properties", "10019", "1355", "11374", "12323" ], [ "commercial real estate construction and land development", "9565", "1728", "11293", "11151" ], [ "credit card lines", "605857", "90150", "696007", "678300" ], [ "commercial and other consumer loan commitments", "185849", "102918", "288767", "272655" ], [ "other commitments and contingencies", "2560", "761", "3321", "3071" ], [ "total", "$ 815729", "$ 203165", "$ 1018894", "$ 985174" ] ]

[ { "arg1": "1018894", "arg2": "985174", "op": "minus2-1", "res": "33720" }, { "arg1": "#0", "arg2": "985174", "op": "divide2-2", "res": "3.4%" } ]

[ "2022 lower 2008 storage margins related to storage risk management positions and the impact of changes in natural gas prices on these positions ; and 2022 fewer opportunities to optimize storage capacity due to the significant decline in natural gas prices in the second half of 2008 ; o a decrease of $ 9.7 million in physical storage margins due to a lower of cost or market write-down on natural gas inventory ; and o a decrease of $ 2.1 million due to colder than anticipated weather and market conditions that increased the supply cost of managing our peaking and load-following services and provided fewer opportunities to increase margins through optimization activities , primarily in the first quarter of 2008 ; partially offset by o an increase of $ 15.8 million from changes in the unrealized fair value of derivative instruments associated with storage and marketing activities and improved marketing margins , which benefited from price movements and optimization activities .", "operating costs decreased primarily due to lower employee-related costs and depreciation expense .", "2007 vs .", "2006 - net margin decreased primarily due to : 2022 a decrease of $ 22.0 million in transportation margins , net of hedging activities , associated with changes in the unrealized fair value of derivative instruments and the impact of a force majeure event on the cheyenne plains gas pipeline , as more fully described below ; 2022 a decrease of $ 5.0 million in retail activities from lower physical margins due to market conditions and increased competition ; 2022 a decrease of $ 4.3 million in financial trading margins that was partially offset by 2022 an increase of $ 4.9 million in storage and marketing margins , net of hedging activities , related to : o an increase in physical storage margins , net of hedging activity , due to higher realized seasonal storage spreads and optimization activities ; partially offset by o a decrease in marketing margins ; and o a net increase in the cost associated with managing our peaking and load following services , slightly offset by higher demand fees collected for these services .", "in september 2007 , a portion of the volume contracted under our firm transportation agreement with cheyenne plains gas pipeline company was curtailed due to a fire at a cheyenne plains pipeline compressor station .", "the fire damaged a significant amount of instrumentation and electrical wiring , causing cheyenne plains gas pipeline company to declare a force majeure event on the pipeline .", "this firm commitment was hedged in accordance with statement 133 .", "the discontinuance of fair value hedge accounting on the portion of the firm commitment that was impacted by the force majeure event resulted in a loss of approximately $ 5.5 million that was recognized in the third quarter of 2007 , of which $ 2.4 million of insurance proceeds were recovered and recognized in the first quarter of 2008 .", "cheyenne plains gas pipeline company resumed full operations in november 2007 .", "operating costs decreased primarily due to decreased legal and employee-related costs , and reduced ad-valorem tax expense .", "selected operating information - the following table sets forth certain selected operating information for our energy services segment for the periods indicated. ." ]

[ "our natural gas in storage at december 31 , 2008 , was 81.9 bcf , compared with 66.7 bcf at december 31 , 2007 .", "at december 31 , 2008 , our total natural gas storage capacity under lease was 91 bcf , compared with 96 bcf at december 31 , natural gas volumes marketed decreased slightly during 2008 , compared with 2007 , due to increased injections in the third quarter of 2008 .", "in addition , demand for natural gas was impacted by weather-related events in the third quarter of 2008 , including a 15 percent decrease in cooling degree-days and demand disruption caused by hurricane ike. ." ]

[ [ "", "Years Ended December 31," ], [ "Operating Information", "2008", "2007", "2006" ], [ "Natural gas marketed(Bcf)", "1,160", "1,191", "1,132" ], [ "Natural gas gross margin($/Mcf)", "$0.07", "$0.19", "$0.22" ], [ "Physically settled volumes(Bcf)", "2,359", "2,370", "2,288" ] ]

[ [ "operating information", "years ended december 31 , 2008", "years ended december 31 , 2007", "years ended december 31 , 2006" ], [ "natural gas marketed ( bcf )", "1160", "1191", "1132" ], [ "natural gas gross margin ( $ /mcf )", "$ 0.07", "$ 0.19", "$ 0.22" ], [ "physically settled volumes ( bcf )", "2359", "2370", "2288" ] ]

[ { "arg1": "0.07", "arg2": "0.19", "op": "minus2-1", "res": "-0.12" }, { "arg1": "#0", "arg2": "0.19", "op": "divide2-2", "res": "-63%" } ]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is listed and traded on the new york stock exchange under the symbol 201cipg 201d .", "as of february 13 , 2019 , there were approximately 10000 registered holders of our outstanding common stock .", "on february 13 , 2019 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.235 per share , payable on march 15 , 2019 to holders of record as of the close of business on march 1 , 2019 .", "although it is the board 2019s current intention to declare and pay future dividends , there can be no assurance that such additional dividends will in fact be declared and paid .", "any and the amount of any such declaration is at the discretion of the board and will depend upon factors such as our earnings , financial position and cash requirements .", "equity compensation plans see item 12 for information about our equity compensation plans .", "transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .", "repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2018 to december 31 , 2018 .", "total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 ." ]

[ "1 the total number of shares of our common stock , par value $ 0.10 per share , repurchased were withheld under the terms of grants under employee stock- based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .", "2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum in the applicable period of the aggregate value of the tax withholding obligations by the sum of the number of withheld shares .", "3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .", "in february 2018 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock , which was in addition to any amounts remaining under the 2017 share repurchase program .", "on july 2 , 2018 , in connection with the announcement of the acxiom acquisition , we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition , and no shares were repurchased pursuant to the share repurchase programs in the periods reflected .", "there are no expiration dates associated with the share repurchase programs. ." ]

[ [ "", "Total Number ofShares (or Units)Purchased¹", "Average Price Paidper Share (or Unit)²", "Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs³", "Maximum Number (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms³" ], [ "October 1 - 31", "3,824", "$23.30", "—", "$338,421,933" ], [ "November 1 - 30", "1,750", "$23.77", "—", "$338,421,933" ], [ "December 1 - 31", "—", "—", "—", "$338,421,933" ], [ "Total", "5,574", "$23.45", "—", "" ] ]

[ [ "", "total number ofshares ( or units ) purchased1", "average price paidper share ( or unit ) 2", "total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3", "maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3" ], [ "october 1 - 31", "3824", "$ 23.30", "2014", "$ 338421933" ], [ "november 1 - 30", "1750", "$ 23.77", "2014", "$ 338421933" ], [ "december 1 - 31", "2014", "2014", "2014", "$ 338421933" ], [ "total", "5574", "$ 23.45", "2014", "" ] ]

[ { "arg1": "3824", "arg2": "1750", "op": "minus2-1", "res": "2074" }, { "arg1": "#0", "arg2": "3824", "op": "divide2-2", "res": "0.5424" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "54.24" } ]

[ "the activity related to the restructuring liability for 2004 is as follows ( in thousands ) : non-operating items interest income increased $ 1.7 million to $ 12.0 million in 2005 from $ 10.3 million in 2004 .", "the increase was mainly the result of higher returns on invested funds .", "interest expense decreased $ 1.0 million , or 5% ( 5 % ) , to $ 17.3 million in 2005 from $ 18.3 million in 2004 as a result of the exchange of newly issued stock for a portion of our outstanding convertible debt in the second half of 2005 .", "in addition , as a result of the issuance during 2005 of common stock in exchange for convertible subordinated notes , we recorded a non- cash charge of $ 48.2 million .", "this charge related to the incremental shares issued in the transactions over the number of shares that would have been issued upon the conversion of the notes under their original terms .", "liquidity and capital resources we have incurred operating losses since our inception and historically have financed our operations principally through public and private offerings of our equity and debt securities , strategic collaborative agreements that include research and/or development funding , development milestones and royalties on the sales of products , investment income and proceeds from the issuance of stock under our employee benefit programs .", "at december 31 , 2006 , we had cash , cash equivalents and marketable securities of $ 761.8 million , which was an increase of $ 354.2 million from $ 407.5 million at december 31 , 2005 .", "the increase was primarily a result of : 2022 $ 313.7 million in net proceeds from our september 2006 public offering of common stock ; 2022 $ 165.0 million from an up-front payment we received in connection with signing the janssen agreement ; 2022 $ 52.4 million from the issuance of common stock under our employee benefit plans ; and 2022 $ 30.0 million from the sale of shares of altus pharmaceuticals inc .", "common stock and warrants to purchase altus common stock .", "these cash inflows were partially offset by the significant cash expenditures we made in 2006 related to research and development expenses and sales , general and administrative expenses .", "capital expenditures for property and equipment during 2006 were $ 32.4 million .", "at december 31 , 2006 , we had $ 42.1 million in aggregate principal amount of the 2007 notes and $ 59.6 million in aggregate principal amount of the 2011 notes outstanding .", "the 2007 notes are due in september 2007 and are convertible into common stock at the option of the holder at a price equal to $ 92.26 per share , subject to adjustment under certain circumstances .", "in february 2007 , we announced that we will redeem our 2011 notes on march 5 , 2007 .", "the 2011 notes are convertible into shares of our common stock at the option of the holder at a price equal to $ 14.94 per share .", "we expect the holders of the 2011 notes will elect to convert their notes into stock , in which case we will issue approximately 4.0 million .", "we will be required to repay any 2011 notes that are not converted at the rate of $ 1003.19 per $ 1000 principal amount , which includes principal and interest that will accrue to the redemption date .", "liability as of december 31 , payments in 2004 cash received from sublease , net of operating costs in 2004 additional charge in liability as of december 31 , lease restructuring liability and other operating lease liability $ 69526 $ ( 31550 ) $ 293 $ 17574 $ 55843 ." ]

[ "the activity related to the restructuring liability for 2004 is as follows ( in thousands ) : non-operating items interest income increased $ 1.7 million to $ 12.0 million in 2005 from $ 10.3 million in 2004 .", "the increase was mainly the result of higher returns on invested funds .", "interest expense decreased $ 1.0 million , or 5% ( 5 % ) , to $ 17.3 million in 2005 from $ 18.3 million in 2004 as a result of the exchange of newly issued stock for a portion of our outstanding convertible debt in the second half of 2005 .", "in addition , as a result of the issuance during 2005 of common stock in exchange for convertible subordinated notes , we recorded a non- cash charge of $ 48.2 million .", "this charge related to the incremental shares issued in the transactions over the number of shares that would have been issued upon the conversion of the notes under their original terms .", "liquidity and capital resources we have incurred operating losses since our inception and historically have financed our operations principally through public and private offerings of our equity and debt securities , strategic collaborative agreements that include research and/or development funding , development milestones and royalties on the sales of products , investment income and proceeds from the issuance of stock under our employee benefit programs .", "at december 31 , 2006 , we had cash , cash equivalents and marketable securities of $ 761.8 million , which was an increase of $ 354.2 million from $ 407.5 million at december 31 , 2005 .", "the increase was primarily a result of : 2022 $ 313.7 million in net proceeds from our september 2006 public offering of common stock ; 2022 $ 165.0 million from an up-front payment we received in connection with signing the janssen agreement ; 2022 $ 52.4 million from the issuance of common stock under our employee benefit plans ; and 2022 $ 30.0 million from the sale of shares of altus pharmaceuticals inc .", "common stock and warrants to purchase altus common stock .", "these cash inflows were partially offset by the significant cash expenditures we made in 2006 related to research and development expenses and sales , general and administrative expenses .", "capital expenditures for property and equipment during 2006 were $ 32.4 million .", "at december 31 , 2006 , we had $ 42.1 million in aggregate principal amount of the 2007 notes and $ 59.6 million in aggregate principal amount of the 2011 notes outstanding .", "the 2007 notes are due in september 2007 and are convertible into common stock at the option of the holder at a price equal to $ 92.26 per share , subject to adjustment under certain circumstances .", "in february 2007 , we announced that we will redeem our 2011 notes on march 5 , 2007 .", "the 2011 notes are convertible into shares of our common stock at the option of the holder at a price equal to $ 14.94 per share .", "we expect the holders of the 2011 notes will elect to convert their notes into stock , in which case we will issue approximately 4.0 million .", "we will be required to repay any 2011 notes that are not converted at the rate of $ 1003.19 per $ 1000 principal amount , which includes principal and interest that will accrue to the redemption date .", "liability as of december 31 , payments in 2004 cash received from sublease , net of operating costs in 2004 additional charge in liability as of december 31 , lease restructuring liability and other operating lease liability $ 69526 $ ( 31550 ) $ 293 $ 17574 $ 55843 ." ]

[ [ "", "Liability as of December 31, 2003", "Cash Payments in 2004", "Cash received from sublease, net of operating costs in 2004", "Additional Charge in 2004", "Liability as of December 31, 2004" ], [ "Lease restructuring liability and other operating lease liability", "$69,526", "$(31,550)", "$293", "$17,574", "$55,843" ] ]

[ [ "", "liability as of december 31 2003", "cash payments in 2004", "cash received from sublease net of operating costs in 2004", "additional charge in 2004", "liability as of december 31 2004" ], [ "lease restructuring liability and other operating lease liability", "$ 69526", "$ -31550 ( 31550 )", "$ 293", "$ 17574", "$ 55843" ] ]

[ { "arg1": "761.8", "arg2": "407.5", "op": "minus1-1", "res": "354.3" }, { "arg1": "#0", "arg2": "407.5", "op": "divide1-2", "res": "86.9%" } ]

[ "entergy new orleans , inc .", "management's financial discussion and analysis ( 1 ) includes approximately $ 30 million annually for maintenance capital , which is planned spending on routine capital projects that are necessary to support reliability of service , equipment or systems and to support normal customer growth .", "( 2 ) purchase obligations represent the minimum purchase obligation or cancellation charge for contractual obligations to purchase goods or services .", "for entergy new orleans , almost all of the total consists of unconditional fuel and purchased power obligations , including its obligations under the unit power sales agreement , which is discussed in note 8 to the financial statements .", "in addition to the contractual obligations given above , entergy new orleans expects to make payments of approximately $ 113 million for the years 2009-2011 related to hurricane katrina and hurricane gustav restoration work and its gas rebuild project , of which $ 32 million is expected to be incurred in 2009 .", "also , entergy new orleans expects to contribute $ 1.7 million to its pension plan and $ 5.9 million to its other postretirement plans in 2009 .", "guidance pursuant to the pension protection act of 2006 rules , effective for the 2008 plan year and beyond , may affect the level of entergy new orleans' pension contributions in the future .", "also in addition to the contractual obligations , entergy new orleans has $ 26.1 million of unrecognized tax benefits and interest for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions .", "see note 3 to the financial statements for additional information regarding unrecognized tax benefits .", "the planned capital investment estimate for entergy new orleans reflects capital required to support existing business .", "the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , and the ability to access capital .", "management provides more information on long-term debt and preferred stock maturities in notes 5 and 6 and to the financial statements .", "sources of capital entergy new orleans' sources to meet its capital requirements include : internally generated funds ; cash on hand ; and debt and preferred stock issuances .", "entergy new orleans' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: ." ]

[ "see note 4 to the financial statements for a description of the money pool .", "as discussed above in \"bankruptcy proceedings\" , entergy new orleans issued notes due in three years in satisfaction of its affiliate prepetition accounts payable , including its indebtedness to the entergy system money pool of $ 37.2 million .", "entergy new orleans has obtained short-term borrowing authorization from the ferc under which it may borrow through march 2010 , up to the aggregate amount , at any one time outstanding , of $ 100 million .", "see note 4 to the financial statements for further discussion of entergy new orleans' short-term borrowing limits .", "the long- term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through august 2010. ." ]

[ [ "2008", "2007", "2006", "2005" ], [ "(In Thousands)" ], [ "$60,093", "$47,705", "($37,166)", "($37,166)" ] ]

[ [ "2008", "2007", "2006", "2005" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 60093", "$ 47705", "( $ 37166 )", "( $ 37166 )" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements u.s .", "acquisitions 2014during the year ended december 31 , 2010 , the company acquired 548 towers through multiple acquisitions in the united states for an aggregate purchase price of $ 329.3 million and contingent consideration of approximately $ 4.6 million .", "the acquisition of these towers is consistent with the company 2019s strategy to expand in selected geographic areas and have been accounted for as business combinations .", "the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based on the estimated fair value of the acquired assets and assumed liabilities at the date of acquisition ( in thousands ) : purchase price allocation ." ]

[ "( 1 ) consists of customer relationships of approximately $ 205.4 million and network location intangibles of approximately $ 55.5 million .", "the customer relationships and network location intangibles are being amortized on a straight-line basis over a period of 20 years .", "( 2 ) goodwill is expected to be deductible for income tax purposes .", "the goodwill was allocated to the domestic rental and management segment .", "the allocation of the purchase price will be finalized upon completion of analyses of the fair value of the assets acquired and liabilities assumed .", "south africa acquisition 2014on november 4 , 2010 , the company entered into a definitive agreement with cell c ( pty ) limited to purchase up to approximately 1400 existing towers , and up to 1800 additional towers that either are under construction or will be constructed , for an aggregate purchase price of up to approximately $ 430 million .", "the company anticipates closing the purchase of up to 1400 existing towers during 2011 , subject to customary closing conditions .", "other transactions coltel transaction 2014on september 3 , 2010 , the company entered into a definitive agreement to purchase the exclusive use rights for towers in colombia from colombia telecomunicaciones s.a .", "e.s.p .", "( 201ccoltel 201d ) until 2023 , when ownership of the towers will transfer to the company at no additional cost .", "pursuant to that agreement , the company completed the purchase of exclusive use rights for 508 towers for an aggregate purchase price of $ 86.8 million during the year ended december 31 , 2010 .", "the company expects to complete the purchase of the exclusive use rights for an additional 180 towers by the end of 2011 , subject to customary closing conditions .", "the transaction has been accounted for as a capital lease , with the aggregated purchase price being allocated to property and equipment and non-current assets .", "joint venture with mtn group 2014on december 6 , 2010 , the company entered into a definitive agreement with mtn group limited ( 201cmtn group 201d ) to establish a joint venture in ghana ( 201ctowerco ghana 201d ) .", "towerco ghana , which will be managed by the company , will be owned by a holding company of which a wholly owned american tower subsidiary will hold a 51% ( 51 % ) share and a wholly owned mtn group subsidiary ( 201cmtn ghana 201d ) will hold a 49% ( 49 % ) share .", "the transaction involves the sale of up to 1876 of mtn ghana 2019s existing sites to ." ]

[ [ "", "Purchase Price Allocation" ], [ "Non-current assets", "$442" ], [ "Property and equipment", "64,564" ], [ "Intangible assets (1)", "260,898" ], [ "Current liabilities", "(360)" ], [ "Long-term liabilities", "(7,802)" ], [ "Fair value of net assets acquired", "$317,742" ], [ "Goodwill (2)", "16,131" ] ]

[ [ "", "purchase price allocation" ], [ "non-current assets", "$ 442" ], [ "property and equipment", "64564" ], [ "intangible assets ( 1 )", "260898" ], [ "current liabilities", "-360 ( 360 )" ], [ "long-term liabilities", "-7802 ( 7802 )" ], [ "fair value of net assets acquired", "$ 317742" ], [ "goodwill ( 2 )", "16131" ] ]

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[ "schlumberger limited and subsidiaries shares of common stock issued in treasury shares outstanding ( stated in millions ) ." ]

[ "see the notes to consolidated financial statements part ii , item 8 ." ]

[ [ "", "Issued", "In Treasury", "Shares Outstanding" ], [ "Balance, January 1, 2008", "1,334", "(138)", "1,196" ], [ "Shares sold to optionees less shares exchanged", "–", "5", "5" ], [ "Shares issued under employee stock purchase plan", "–", "2", "2" ], [ "Stock repurchase program", "–", "(21)", "(21)" ], [ "Issued on conversions of debentures", "–", "12", "12" ], [ "Balance, December 31, 2008", "1,334", "(140)", "1,194" ], [ "Shares sold to optionees less shares exchanged", "–", "4", "4" ], [ "Vesting of restricted stock", "–", "1", "1" ], [ "Shares issued under employee stock purchase plan", "–", "4", "4" ], [ "Stock repurchase program", "–", "(8)", "(8)" ], [ "Balance, December 31, 2009", "1,334", "(139)", "1,195" ], [ "Acquisition of Smith International, Inc.", "100", "76", "176" ], [ "Shares sold to optionees less shares exchanged", "–", "6", "6" ], [ "Shares issued under employee stock purchase plan", "–", "3", "3" ], [ "Stock repurchase program", "–", "(27)", "(27)" ], [ "Issued on conversions of debentures", "–", "8", "8" ], [ "Balance, December 31, 2010", "1,434", "(73)", "1,361" ] ]

[ [ "", "issued", "in treasury", "shares outstanding" ], [ "balance january 1 2008", "1334", "-138 ( 138 )", "1196" ], [ "shares sold to optionees less shares exchanged", "2013", "5", "5" ], [ "shares issued under employee stock purchase plan", "2013", "2", "2" ], [ "stock repurchase program", "2013", "-21 ( 21 )", "-21 ( 21 )" ], [ "issued on conversions of debentures", "2013", "12", "12" ], [ "balance december 31 2008", "1334", "-140 ( 140 )", "1194" ], [ "shares sold to optionees less shares exchanged", "2013", "4", "4" ], [ "vesting of restricted stock", "2013", "1", "1" ], [ "shares issued under employee stock purchase plan", "2013", "4", "4" ], [ "stock repurchase program", "2013", "-8 ( 8 )", "-8 ( 8 )" ], [ "balance december 31 2009", "1334", "-139 ( 139 )", "1195" ], [ "acquisition of smith international inc .", "100", "76", "176" ], [ "shares sold to optionees less shares exchanged", "2013", "6", "6" ], [ "shares issued under employee stock purchase plan", "2013", "3", "3" ], [ "stock repurchase program", "2013", "-27 ( 27 )", "-27 ( 27 )" ], [ "issued on conversions of debentures", "2013", "8", "8" ], [ "balance december 31 2010", "1434", "-73 ( 73 )", "1361" ] ]

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[ "our digital media business consists of our websites and mobile and video-on-demand ( 201cvod 201d ) services .", "our websites include network branded websites such as discovery.com , tlc.com and animalplanet.com , and other websites such as howstuffworks.com , an online source of explanations of how the world actually works ; treehugger.com , a comprehensive source for 201cgreen 201d news , solutions and product information ; and petfinder.com , a leading pet adoption destination .", "together , these websites attracted an average of 24 million cumulative unique monthly visitors , according to comscore , inc .", "in 2011 .", "international networks our international networks segment principally consists of national and pan-regional television networks .", "this segment generates revenues primarily from fees charged to operators who distribute our networks , which primarily include cable and dth satellite service providers , and from advertising sold on our television networks and websites .", "discovery channel , animal planet and tlc lead the international networks 2019 portfolio of television networks , which are distributed in virtually every pay-television market in the world through an infrastructure that includes operational centers in london , singapore and miami .", "international networks has one of the largest international distribution platforms of networks with one to twelve networks in more than 200 countries and territories around the world .", "at december 31 , 2011 , international networks operated over 150 unique distribution feeds in over 40 languages with channel feeds customized according to language needs and advertising sales opportunities .", "our international networks segment owns and operates the following television networks which reached the following number of subscribers as of december 31 , 2011 : education and other our education and other segment primarily includes the sale of curriculum-based product and service offerings and postproduction audio services .", "this segment generates revenues primarily from subscriptions charged to k-12 schools for access to an online suite of curriculum-based vod tools , professional development services , and to a lesser extent student assessment and publication of hardcopy curriculum-based content .", "our education business also participates in corporate partnerships , global brand and content licensing business with leading non-profits , foundations and trade associations .", "other businesses primarily include postproduction audio services that are provided to major motion picture studios , independent producers , broadcast networks , cable channels , advertising agencies , and interactive producers .", "content development our content development strategy is designed to increase viewership , maintain innovation and quality leadership , and provide value for our network distributors and advertising customers .", "substantially all content is sourced from a wide range of third-party producers , which includes some of the world 2019s leading nonfiction production companies with which we have developed long-standing relationships , as well as independent producers .", "our production arrangements fall into three categories : produced , coproduced and licensed .", "substantially all produced content includes programming which we engage third parties to develop and produce while we retain editorial control and own most or all of the rights in exchange for paying all development and production costs .", "coproduced content refers to program rights acquired that we have collaborated with third parties to finance and develop .", "coproduced programs are typically high-cost projects for which neither we nor our coproducers wish to bear the entire cost or productions in which the producer has already taken on an international broadcast partner .", "licensed content is comprised of films or series that have been previously produced by third parties .", "global networks international subscribers ( millions ) regional networks international subscribers ( millions ) ." ]

[ "." ]

[ [ "Global Networks", "International Subscribers (millions)", "Regional Networks", "International Subscribers (millions)" ], [ "Discovery Channel", "213", "DMAX", "47" ], [ "Animal Planet", "166", "Discovery Kids", "37" ], [ "TLC, Real Time and Travel & Living", "150", "Liv", "29" ], [ "Discovery Science", "66", "Quest", "23" ], [ "Discovery Home & Health", "48", "Discovery History", "13" ], [ "Turbo", "37", "Shed", "12" ], [ "Discovery World", "27", "Discovery en Espanol (U.S.)", "5" ], [ "Investigation Discovery", "23", "Discovery Famillia (U.S.)", "4" ], [ "HD Services", "17", "", "" ] ]

[ [ "global networks discovery channel", "international subscribers ( millions ) 213", "regional networks dmax", "international subscribers ( millions ) 47" ], [ "animal planet", "166", "discovery kids", "37" ], [ "tlc real time and travel & living", "150", "liv", "29" ], [ "discovery science", "66", "quest", "23" ], [ "discovery home & health", "48", "discovery history", "13" ], [ "turbo", "37", "shed", "12" ], [ "discovery world", "27", "discovery en espanol ( u.s. )", "5" ], [ "investigation discovery", "23", "discovery famillia ( u.s. )", "4" ], [ "hd services", "17", "", "" ] ]

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[ "the fair value for these options was estimated at the date of grant using a black-scholes option pricing model with the following weighted-average assumptions for 2006 , 2005 and 2004: ." ]

[ "the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable .", "in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility .", "because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options .", "the total fair value of shares vested during 2006 , 2005 , and 2004 was $ 9413 , $ 8249 , and $ 6418 respectively .", "the aggregate intrinsic values of options outstanding and exercisable at december 30 , 2006 were $ 204.1 million and $ 100.2 million , respectively .", "the aggregate intrinsic value of options exercised during the year ended december 30 , 2006 was $ 42.8 million .", "aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 55.66 on december 29 , 2006 , and the exercise price multiplied by the number of options outstanding .", "as of december 30 , 2006 , there was $ 64.2 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the option plans .", "that cost is expected to be recognized over a period of five years .", "employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) .", "up to 2000000 shares of common stock have been reserved for the espp .", "shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date .", "the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code .", "during 2006 , 2005 , and 2004 , 124693 , 112798 , and 117900 shares were purchased under the plan for a total purchase price of $ 3569 , $ 2824 , and $ 2691 , respectively .", "at december 30 , 2006 , approximately 1116811 shares were available for future issuance. ." ]

[ [ "", "2006", "2005", "2004" ], [ "Weighted average fair value of options granted", "$20.01", "$9.48", "$7.28" ], [ "Expected volatility", "0.3534", "0.3224", "0.3577" ], [ "Distribution yield", "1.00%", "0.98%", "1.30%" ], [ "Expected life of options in years", "6.3", "6.3", "6.3" ], [ "Risk-free interest rate", "5%", "4%", "4%" ] ]

[ [ "", "2006", "2005", "2004" ], [ "weighted average fair value of options granted", "$ 20.01", "$ 9.48", "$ 7.28" ], [ "expected volatility", "0.3534", "0.3224", "0.3577" ], [ "distribution yield", "1.00% ( 1.00 % )", "0.98% ( 0.98 % )", "1.30% ( 1.30 % )" ], [ "expected life of options in years", "6.3", "6.3", "6.3" ], [ "risk-free interest rate", "5% ( 5 % )", "4% ( 4 % )", "4% ( 4 % )" ] ]

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[ "continue to be deployed as wireless service providers are beginning their investments in 3g data networks .", "similarly , in ghana and uganda , wireless service providers continue to build out their voice and data networks in order to satisfy increasing demand for wireless services .", "in south africa , where voice networks are in a more advanced stage of development , carriers are beginning to deploy 3g data networks across spectrum acquired in recent spectrum auctions .", "in mexico and brazil , where nationwide voice networks have also been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers to begin their initial investments in 3g data networks .", "in markets such as chile , peru and colombia , recent or anticipated spectrum auctions are expected to drive investment in nationwide voice and 3g data networks .", "in germany , our most mature international wireless market , demand is currently being driven by a government-mandated rural fourth generation network build-out , as well as other tenant initiatives to deploy next generation wireless services .", "we believe incremental demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks .", "rental and management operations new site revenue growth .", "during the year ended december 31 , 2012 , we grew our portfolio of communications real estate through acquisitions and construction activities , including the acquisition and construction of approximately 8810 sites .", "in a majority of our international markets , the acquisition or construction of new sites results in increased pass-through revenues and expenses .", "we continue to evaluate opportunities to acquire larger communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. ." ]

[ "( 1 ) the majority of sites acquired or constructed in 2012 were in brazil , germany , india and uganda ; in 2011 were in brazil , colombia , ghana , india , mexico and south africa ; and in 2010 were in chile , colombia , india and peru .", "network development services segment revenue growth .", "as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a relatively small percentage of our total revenues .", "through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites , including in connection with provider network upgrades .", "rental and management operations expenses .", "direct operating expenses incurred by our domestic and international rental and management segments include direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance , security and power and fuel costs , some of which may be passed through to our tenants .", "these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .", "in general , our domestic and international rental and management segments selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .", "as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .", "we may incur additional segment selling , general , administrative and development expenses as we increase our presence in geographic areas where we have recently launched operations or are focused on expanding our portfolio .", "our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities. ." ]

[ [ "New Sites (Acquired or Constructed)", "2012", "2011", "2010" ], [ "Domestic", "960", "470", "950" ], [ "International(1)", "7,850", "10,000", "6,870" ] ]

[ [ "new sites ( acquired or constructed )", "2012", "2011", "2010" ], [ "domestic", "960", "470", "950" ], [ "international ( 1 )", "7850", "10000", "6870" ] ]

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[ "in the ordinary course of business , based on our evaluations of certain geologic trends and prospective economics , we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future .", "if production is not established or we take no other action to extend the terms of the leases , licenses , or concessions , undeveloped acreage listed in the table below will expire over the next three years .", "we plan to continue the terms of many of these licenses and concession areas or retain leases through operational or administrative actions .", "net undeveloped acres expiring year ended december 31 ." ]

[ "oil sands mining segment we hold a 20 percent non-operated interest in the aosp , an oil sands mining and upgrading joint venture located in alberta , canada .", "the joint venture produces bitumen from oil sands deposits in the athabasca region utilizing mining techniques and upgrades the bitumen to synthetic crude oils and vacuum gas oil .", "the aosp 2019s mining and extraction assets are located near fort mcmurray , alberta , and include the muskeg river and the jackpine mines .", "gross design capacity of the combined mines is 255000 ( 51000 net to our interest ) barrels of bitumen per day .", "the aosp operations use established processes to mine oil sands deposits from an open-pit mine , extract the bitumen and upgrade it into synthetic crude oils .", "ore is mined using traditional truck and shovel mining techniques .", "the mined ore passes through primary crushers to reduce the ore chunks in size and is then sent to rotary breakers where the ore chunks are further reduced to smaller particles .", "the particles are combined with hot water to create slurry .", "the slurry moves through the extraction process where it separates into sand , clay and bitumen-rich froth .", "a solvent is added to the bitumen froth to separate out the remaining solids , water and heavy asphaltenes .", "the solvent washes the sand and produces clean bitumen that is required for the upgrader to run efficiently .", "the process yields a mixture of solvent and bitumen which is then transported from the mine to the scotford upgrader via the approximately 300-mile corridor pipeline .", "the aosp's scotford upgrader is located at fort saskatchewan , northeast of edmonton , alberta .", "the bitumen is upgraded at scotford using both hydrotreating and hydroconversion processes to remove sulfur and break the heavy bitumen molecules into lighter products .", "blendstocks acquired from outside sources are utilized in the production of our saleable products .", "the upgrader produces synthetic crude oils and vacuum gas oil .", "the vacuum gas oil is sold to an affiliate of the operator under a long-term contract at market-related prices , and the other products are sold in the marketplace .", "as of december 31 , 2014 , we own or have rights to participate in developed and undeveloped leases totaling approximately 163000 gross ( 33000 net ) acres .", "the underlying developed leases are held for the duration of the project , with royalties payable to the province of alberta .", "synthetic crude oil sales volumes for 2014 averaged 50 mbbld and net-of-royalty production was 41 mbbld .", "in december 2013 , a jackpine mine expansion project received conditional approval from the canadian government .", "the project includes additional mining areas , associated processing facilities and infrastructure .", "the government conditions relate to wildlife , the environment and aboriginal health issues .", "we will evaluate the potential expansion project and government conditions after infrastructure reliability initiatives are completed .", "the governments of alberta and canada have agreed to partially fund quest ccs for $ 865 million canadian .", "in the third quarter of 2012 , the energy and resources conservation board ( \"ercb\" ) , alberta's primary energy regulator at that time , conditionally approved the project and the aosp partners approved proceeding to construct and operate quest ccs .", "government funding commenced in 2012 and continued as milestones were achieved during the development , construction and operating phases .", "failure of the aosp to meet certain timing , performance and operating objectives may result in repaying some of the government funding .", "construction and commissioning of quest ccs is expected to be completed by late 2015. ." ]

[ [ "", "Net Undeveloped Acres Expiring Year Ended December 31," ], [ "(In thousands)", "2015", "2016", "2017" ], [ "U.S.", "211", "150", "94" ], [ "E.G.", "36", "—", "—" ], [ "Other Africa", "1,950", "1,502", "1,089" ], [ "Total Africa", "1,986", "1,502", "1,089" ], [ "Other International", "88", "—", "—" ], [ "Total", "2,285", "1,652", "1,183" ] ]

[ [ "( in thousands )", "net undeveloped acres expiring year ended december 31 , 2015", "net undeveloped acres expiring year ended december 31 , 2016", "net undeveloped acres expiring year ended december 31 , 2017" ], [ "u.s .", "211", "150", "94" ], [ "e.g .", "36", "2014", "2014" ], [ "other africa", "1950", "1502", "1089" ], [ "total africa", "1986", "1502", "1089" ], [ "other international", "88", "2014", "2014" ], [ "total", "2285", "1652", "1183" ] ]

[]

[ "entergy corporation and subsidiaries notes to financial statements liability to $ 60 million , and recorded the $ 2.7 million difference as a credit to interest expense .", "the $ 60 million remaining liability was eliminated upon payment of the cash portion of the purchase price .", "as of december 31 , 2016 , entergy louisiana , in connection with the waterford 3 lease obligation , had a future minimum lease payment ( reflecting an interest rate of 8.09% ( 8.09 % ) ) of $ 57.5 million , including $ 2.3 million in interest , due january 2017 that is recorded as long-term debt .", "in february 2017 the leases were terminated and the leased assets were conveyed to entergy louisiana .", "grand gulf lease obligations in 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million .", "the initial term of the leases expired in july 2015 .", "system energy renewed the leases for fair market value with renewal terms expiring in july 2036 .", "at the end of the new lease renewal terms , system energy has the option to repurchase the leased interests in grand gulf or renew the leases at fair market value .", "in the event that system energy does not renew or purchase the interests , system energy would surrender such interests and their associated entitlement of grand gulf 2019s capacity and energy .", "system energy is required to report the sale-leaseback as a financing transaction in its financial statements .", "for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation .", "however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes .", "consistent with a recommendation contained in a ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term .", "the amount was a net regulatory liability of $ 55.6 million and $ 55.6 million as of december 31 , 2016 and 2015 , respectively .", "as of december 31 , 2016 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) ." ]

[ "." ]

[ [ "", "Amount (In Thousands)" ], [ "2017", "$17,188" ], [ "2018", "17,188" ], [ "2019", "17,188" ], [ "2020", "17,188" ], [ "2021", "17,188" ], [ "Years thereafter", "257,812" ], [ "Total", "343,752" ], [ "Less: Amount representing interest", "309,393" ], [ "Present value of net minimum lease payments", "$34,359" ] ]

[ [ "", "amount ( in thousands )" ], [ "2017", "$ 17188" ], [ "2018", "17188" ], [ "2019", "17188" ], [ "2020", "17188" ], [ "2021", "17188" ], [ "years thereafter", "257812" ], [ "total", "343752" ], [ "less : amount representing interest", "309393" ], [ "present value of net minimum lease payments", "$ 34359" ] ]

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[ "management 2019s discussion and analysis supplemental financial information and disclosures income tax matters effective tax rate from continuing operations ." ]

[ "adjusted effective income tax rate 2014 non-gaap1 30.8% ( 30.8 % ) 31.6% ( 31.6 % ) 32.3% ( 32.3 % ) 1 .", "beginning in 2017 , income tax consequences associated with employee share-based awards are recognized in provision for income taxes in the income statements but are excluded from the intermittent net discrete tax provisions ( benefits ) adjustment as we anticipate conversion activity each year .", "see note 2 to the financial statements on the adoption of the accounting update improvements to employee share-based payment accounting .", "for 2015 , adjusted effective income tax rate also excludes dva .", "for further information on non-gaap measures , see 201cselected non-gaap financial information 201d herein .", "the effective tax rate from continuing operations for 2017 included an intermittent net discrete tax provision of $ 968 million , primarily related to the impact of the tax act , partially offset by net discrete tax benefits primarily associ- ated with the remeasurement of reserves and related interest due to new information regarding the status of multi-year irs tax examinations .", "the tax act , enacted on december 22 , 2017 , significantly revised u.s .", "corporate income tax law by , among other things , reducing the corporate income tax rate to 21% ( 21 % ) , and implementing a modified territorial tax system that includes a one-time transition tax on deemed repatriated earnings of non-u.s .", "subsidiaries ; imposes a minimum tax on global intangible low-taxed income ( 201cgilti 201d ) and an alternative base erosion and anti-abuse tax ( 201cbeat 201d ) on u.s .", "corpora- tions that make deductible payments to non-u.s .", "related persons in excess of specified amounts ; and broadens the tax base by partially or wholly eliminating tax deductions for certain historically deductible expenses ( e.g. , fdic premiums and executive compensation ) .", "we recorded an approximate $ 1.2 billion net discrete tax provision as a result of the enactment of the tax act , primarily from the remeasurement of certain deferred tax assets using the lower enacted corporate tax rate .", "this provi- sion incorporates the best available information as of the enactment date as well as assumptions made based upon our current interpretation of the tax act .", "our estimates may change as we receive additional clarification and implementa- tion guidance from the u.s .", "treasury department and as the interpretation of the tax act evolves over time .", "the ultimate impact of the income tax effects of the tax act will be deter- mined in connection with the preparation of our u.s .", "consoli- dated federal income tax return .", "taking into account our current assumptions , estimates and interpretations related to the tax act and other factors , we expect our effective tax rate from continuing operations for 2018 to be approximately 22% ( 22 % ) to 25% ( 25 % ) , depending on factors such as the geographic mix of earnings and employee share- based awards ( see 201cforward-looking statements 201d ) .", "subsequent to the release of the firm 2019s 2017 earnings on january 18 , 2018 , certain estimates related to the net discrete tax provision associated with the enactment of the tax act were revised , resulting in a $ 43 million increase in the provi- sion for income taxes and a reallocation of impacts among segments .", "this decreased diluted eps and diluted eps from continuing operations by $ 0.03 and $ 0.02 in the fourth quarter and year ended december 31 , 2017 , respectively .", "on a business segment basis , the change resulted in an $ 89 million increase in provision for income taxes for wealth management , a $ 45 million decrease for institutional securi- ties , and a $ 1 million decrease for investment management .", "the effective tax rate from continuing operations for 2016 included intermittent net discrete tax benefits of $ 68 million , primarily related to the remeasurement of reserves and related interest due to new information regarding the status of multi- year irs tax examinations , partially offset by adjustments for other tax matters .", "the effective tax rate from continuing operations for 2015 included intermittent net discrete tax benefits of $ 564 million , primarily associated with the repatriation of non-u.s .", "earn- ings at a cost lower than originally estimated due to an internal restructuring to simplify the legal entity organization in the u.k .", "u.s .", "bank subsidiaries we provide loans to a variety of customers , from large corpo- rate and institutional clients to high net worth individuals , primarily through our u.s .", "bank subsidiaries , morgan stanley bank n.a .", "( 201cmsbna 201d ) and morgan stanley private bank , national association ( 201cmspbna 201d ) ( collectively , 201cu.s .", "bank subsidiaries 201d ) .", "the lending activities in the institutional securities business segment primarily include loans and lending commitments to corporate clients .", "the lending activ- ities in the wealth management business segment primarily include securities-based lending that allows clients to borrow december 2017 form 10-k 52 ." ]

[ [ "", "2017", "2016", "2015" ], [ "U.S. GAAP", "40.1%", "30.8%", "25.9%" ], [ "Adjusted effective income taxrate—non-GAAP¹", "30.8%", "31.6%", "32.3%" ] ]

[ [ "", "2017", "2016", "2015" ], [ "u.s . gaap", "40.1% ( 40.1 % )", "30.8% ( 30.8 % )", "25.9% ( 25.9 % )" ], [ "adjusted effective income taxrate 2014non-gaap1", "30.8% ( 30.8 % )", "31.6% ( 31.6 % )", "32.3% ( 32.3 % )" ] ]

[]

[ "fortron industries llc .", "fortron is a leading global producer of pps , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .", "fortron's facility is located in wilmington , north carolina .", "this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha america inc .", "cellulose derivatives strategic ventures .", "our cellulose derivatives ventures generally fund their operations using operating cash flow and pay dividends based on each ventures' performance in the preceding year .", "in 2014 , 2013 and 2012 , we received cash dividends of $ 115 million , $ 92 million and $ 83 million , respectively .", "although our ownership interest in each of our cellulose derivatives ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states of america ( \"us gaap\" ) .", "2022 other equity method investments infraservs .", "we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants .", "our ownership interest in the equity investments in infraserv affiliates are as follows : as of december 31 , 2014 ( in percentages ) ." ]

[ "research and development our businesses are innovation-oriented and conduct research and development activities to develop new , and optimize existing , production technologies , as well as to develop commercially viable new products and applications .", "research and development expense was $ 86 million , $ 85 million and $ 104 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively .", "we consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives .", "intellectual property we attach importance to protecting our intellectual property , including safeguarding our confidential information and through our patents , trademarks and copyrights , in order to preserve our investment in research and development , manufacturing and marketing .", "patents may cover processes , equipment , products , intermediate products and product uses .", "we also seek to register trademarks as a means of protecting the brand names of our company and products .", "patents .", "in most industrial countries , patent protection exists for new substances and formulations , as well as for certain unique applications and production processes .", "however , we do business in regions of the world where intellectual property protection may be limited and difficult to enforce .", "confidential information .", "we maintain stringent information security policies and procedures wherever we do business .", "such information security policies and procedures include data encryption , controls over the disclosure and safekeeping of confidential information and trade secrets , as well as employee awareness training .", "trademarks .", "aoplus ae , aoplus ae2 , aoplus ae3 , ateva ae , avicor ae , britecoat ae , celanese ae , celanex ae , celcon ae , celfx 2122 , celstran ae , celvolit ae , clarifoil ae , duroset ae , ecovae ae , factor ae , fortron ae , gur ae , hostaform ae , impet ae , mowilith ae , nutrinova ae , qorus 2122 , riteflex ae , sunett ae , tcx 2122 , thermx ae , tufcor ae , vantage ae , vantageplus 2122 , vantage ae2 , vectra ae , vinamul ae , vitaldose ae , zenite ae and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by celanese .", "the foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by celanese .", "fortron ae is a registered trademark of fortron industries llc. ." ]

[ [ "", "As of December 31, 2014 (In percentages)" ], [ "InfraServ GmbH & Co. Gendorf KG", "39" ], [ "InfraServ GmbH & Co. Hoechst KG", "32" ], [ "InfraServ GmbH & Co. Knapsack KG", "27" ] ]

[ [ "", "as of december 31 2014 ( in percentages )" ], [ "infraserv gmbh & co . gendorf kg", "39" ], [ "infraserv gmbh & co . hoechst kg", "32" ], [ "infraserv gmbh & co . knapsack kg", "27" ] ]

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[ "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) depreciation expense for property , plant and equipment was $ 134.5 million , $ 130.1 million and $ 114.1 million in fiscal 2016 , 2015 and 2014 , respectively .", "the company reviews property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable .", "recoverability of these assets is determined by comparison of their carrying amount to the future undiscounted cash flows the assets are expected to generate over their remaining economic lives .", "if such assets are considered to be impaired , the impairment to be recognized in earnings equals the amount by which the carrying value of the assets exceeds their fair value determined by either a quoted market price , if any , or a value determined by utilizing a discounted cash flow technique .", "if such assets are not impaired , but their useful lives have decreased , the remaining net book value is depreciated over the revised useful life .", "we have not recorded any material impairment charges related to our property , plant and equipment in fiscal 2016 , fiscal 2015 or fiscal 2014 .", "f .", "goodwill and intangible assets goodwill the company evaluates goodwill for impairment annually , as well as whenever events or changes in circumstances suggest that the carrying value of goodwill may not be recoverable .", "the company tests goodwill for impairment at the reporting unit level ( operating segment or one level below an operating segment ) on an annual basis on the first day of the fourth quarter ( on or about august 1 ) or more frequently if indicators of impairment exist .", "for the company 2019s latest annual impairment assessment that occurred as of july 31 , 2016 , the company identified its reporting units to be its seven operating segments .", "the performance of the test involves a two-step process .", "the first step of the quantitative impairment test involves comparing the fair values of the applicable reporting units with their aggregate carrying values , including goodwill .", "the company determines the fair value of its reporting units using a weighting of the income and market approaches .", "under the income approach , the company uses a discounted cash flow methodology which requires management to make significant estimates and assumptions related to forecasted revenues , gross profit margins , operating income margins , working capital cash flow , perpetual growth rates , and long-term discount rates , among others .", "for the market approach , the company uses the guideline public company method .", "under this method the company utilizes information from comparable publicly traded companies with similar operating and investment characteristics as the reporting units , to create valuation multiples that are applied to the operating performance of the reporting unit being tested , in order to obtain their respective fair values .", "in order to assess the reasonableness of the calculated reporting unit fair values , the company reconciles the aggregate fair values of its reporting units determined , as described above , to its current market capitalization , allowing for a reasonable control premium .", "if the carrying amount of a reporting unit , calculated using the above approaches , exceeds the reporting unit 2019s fair value , the company performs the second step of the goodwill impairment test to determine the amount of impairment loss .", "the second step of the goodwill impairment test involves comparing the implied fair value of the affected reporting unit 2019s goodwill with the carrying value of that reporting unit .", "there was no impairment of goodwill in any of the fiscal years presented .", "the company 2019s next annual impairment assessment will be performed as of the first day of the fourth quarter of the fiscal year ending october 28 , 2017 ( fiscal 2017 ) unless indicators arise that would require the company to reevaluate at an earlier date .", "the following table presents the changes in goodwill during fiscal 2016 and fiscal 2015: ." ]

[ "( 1 ) amount in fiscal 2015 represents changes to goodwill as a result of finalizing the acquisition accounting related to the hittite acquisition .", "( 2 ) represents goodwill related to other acquisitions that were not material to the company on either an individual or aggregate basis .", "intangible assets the company reviews finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable .", "recoverability of these assets is determined by comparison of their carrying value to the estimated future undiscounted cash flows the assets are expected to generate over their remaining ." ]

[ [ "", "2016", "2015" ], [ "Balance at beginning of year", "$1,636,526", "$1,642,438" ], [ "Acquisition of Hittite (Note 6) (1)", "—", "(1,105)" ], [ "Goodwill adjustment related to other acquisitions (2)", "44,046", "3,663" ], [ "Foreign currency translation adjustment", "(1,456)", "(8,470)" ], [ "Balance at end of year", "$1,679,116", "$1,636,526" ] ]

[ [ "", "2016", "2015" ], [ "balance at beginning of year", "$ 1636526", "$ 1642438" ], [ "acquisition of hittite ( note 6 ) ( 1 )", "2014", "-1105 ( 1105 )" ], [ "goodwill adjustment related to other acquisitions ( 2 )", "44046", "3663" ], [ "foreign currency translation adjustment", "-1456 ( 1456 )", "-8470 ( 8470 )" ], [ "balance at end of year", "$ 1679116", "$ 1636526" ] ]

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[ "item 7a .", "quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .", "from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .", "derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .", "interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .", "the majority of our debt ( approximately 89% ( 89 % ) and 93% ( 93 % ) as of december 31 , 2013 and 2012 , respectively ) bears interest at fixed rates .", "we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .", "the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .", "increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates ." ]

[ "we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .", "we do not have any interest rate swaps outstanding as of december 31 , 2013 .", "we had $ 1642.1 of cash , cash equivalents and marketable securities as of december 31 , 2013 that we generally invest in conservative , short-term bank deposits or securities .", "the interest income generated from these investments is subject to both domestic and foreign interest rate movements .", "during 2013 and 2012 , we had interest income of $ 24.7 and $ 29.5 , respectively .", "based on our 2013 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 16.4 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2013 levels .", "foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .", "since we report revenues and expenses in u.s .", "dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .", "dollars ) from foreign operations .", "the primary foreign currencies that impacted our results during 2013 were the australian dollar , brazilian real , euro , japanese yen and the south african rand .", "based on 2013 exchange rates and operating results , if the u.s .", "dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase between 3% ( 3 % ) and 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2013 levels .", "the functional currency of our foreign operations is generally their respective local currency .", "assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .", "the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .", "our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .", "however , certain subsidiaries may enter into transactions in currencies other than their functional currency .", "assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .", "currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .", "we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. ." ]

[ [ "", "Increase/(Decrease)in Fair Market Value" ], [ "As of December 31,", "10% Increasein Interest Rates", "10% Decreasein Interest Rates" ], [ "2013", "$(26.9)", "$27.9" ], [ "2012", "(27.5)", "28.4" ] ]

[ [ "as of december 31,", "increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates", "increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates" ], [ "2013", "$ -26.9 ( 26.9 )", "$ 27.9" ], [ "2012", "-27.5 ( 27.5 )", "28.4" ] ]

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[ "sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from blackrock solutions and advisory products and services , other revenue and distribution fees .", "blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments .", "for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing .", "cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year .", "cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2016 were $ 58 million and primarily reflected $ 384 million of investment purchases , $ 119 million of purchases of property and equipment and $ 30 million related to an acquisition , partially offset by $ 441 million of net proceeds from sales and maturities of certain investments .", "cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2016 were $ 2831 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 274 million of employee tax withholdings related to employee stock transactions and $ 1.5 billion of cash dividend payments , partially offset by $ 82 million of excess tax benefits from vested stock-based compensation awards .", "the company manages its financial condition and funding to maintain appropriate liquidity for the business .", "liquidity resources at december 31 , 2016 and 2015 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6091 $ 6083 cash and cash equivalents held by consolidated vres ( 2 ) ( 53 ) ( 100 ) ." ]

[ "total liquidity resources ( 3 ) $ 10038 $ 9983 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s .", "subsidiaries was approximately 50% ( 50 % ) at both december 31 , 2016 and 2015 .", "see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries .", "( 2 ) the company cannot readily access such cash to use in its operating activities .", "( 3 ) amounts do not reflect year-end incentive compensation accruals of approximately $ 1.3 billion and $ 1.5 billion for 2016 and 2015 , respectively , which were paid in the first quarter of the following year .", "total liquidity resources increased $ 55 million during 2016 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2015 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.5 billion .", "a significant portion of the company 2019s $ 2414 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash .", "share repurchases .", "the company repurchased 3.3 million common shares in open market-transactions under its share repurchase program for $ 1.1 billion during 2016 .", "at december 31 , 2016 , there were 3 million shares still authorized to be repurchased .", "in january 2017 , the board of directors approved an increase in the shares that may be repurchased under the company 2019s existing share repurchase program to allow for the repurchase of an additional 6 million shares for a total up to 9 million shares of blackrock common stock .", "net capital requirements .", "the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions .", "as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents .", "additionally , transfers of cash between international jurisdictions , including repatriation to the united states , may have adverse tax consequences that could discourage such transfers .", "blackrock institutional trust company , n.a .", "( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities .", "btc provides investment management services , including investment advisory and securities lending agency services , to institutional investors and other clients .", "btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency .", "at december 31 , 2016 and 2015 , the company was required to maintain approximately $ 1.4 billion and $ 1.1 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers .", "the company was in compliance with all applicable regulatory net capital requirements .", "undistributed earnings of foreign subsidiaries .", "as of december 31 , 2016 , the company has not provided for u.s .", "federal and state income taxes on approximately $ 5.3 billion of undistributed earnings of its foreign subsidiaries .", "such earnings are considered indefinitely reinvested outside the united states .", "the company 2019s current plans do not demonstrate a need to repatriate these funds .", "short-term borrowings 2016 revolving credit facility .", "the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2016 to extend the maturity date to march 2021 ( the 201c2016 credit facility 201d ) .", "the 2016 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2016 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .", "interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .", "the 2016 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to ." ]

[ [ "(in millions)", "December 31, 2016", "December 31, 2015" ], [ "Cash and cash equivalents⁽¹⁾", "$6,091", "$6,083" ], [ "Cash and cash equivalents held by consolidated VREs⁽²⁾", "(53)", "(100)" ], [ "Subtotal", "6,038", "5,983" ], [ "Credit facility — undrawn", "4,000", "4,000" ], [ "Total liquidity resources⁽³⁾", "$10,038", "$9,983" ] ]

[ [ "( in millions )", "december 31 2016", "december 31 2015" ], [ "cash and cash equivalents ( 1 )", "$ 6091", "$ 6083" ], [ "cash and cash equivalents held by consolidated vres ( 2 )", "-53 ( 53 )", "-100 ( 100 )" ], [ "subtotal", "6038", "5983" ], [ "credit facility 2014 undrawn", "4000", "4000" ], [ "total liquidity resources ( 3 )", "$ 10038", "$ 9983" ] ]

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[ "adjusted net income of $ 4.6 billion translated into adjusted earnings of $ 5.79 per diluted share , a best- ever performance .", "f0b7 freight revenues 2013 our freight revenues increased 7% ( 7 % ) year-over-year to $ 19.8 billion driven by volume growth of 2% ( 2 % ) , higher fuel surcharge revenue , and core pricing gains .", "growth in frac sand , coal , and intermodal shipments more than offset declines in grain , crude oil , finished vehicles , and rock shipments .", "f0b7 fuel prices 2013 our average price of diesel fuel in 2017 was $ 1.81 per gallon , an increase of 22% ( 22 % ) from 2016 , as both crude oil and conversion spreads between crude oil and diesel increased in 2017 .", "the higher price resulted in increased operating expenses of $ 334 million ( excluding any impact from year- over-year volume growth ) .", "gross-ton miles increased 5% ( 5 % ) , which also drove higher fuel expense .", "our fuel consumption rate , computed as gallons of fuel consumed divided by gross ton-miles in thousands , improved 2% ( 2 % ) .", "f0b7 free cash flow 2013 cash generated by operating activities totaled $ 7.2 billion , yielding free cash flow of $ 2.2 billion after reductions of $ 3.1 billion for cash used in investing activities and $ 2 billion in dividends , which included a 10% ( 10 % ) increase in our quarterly dividend per share from $ 0.605 to $ 0.665 declared and paid in the fourth quarter of 2017 .", "free cash flow is defined as cash provided by operating activities less cash used in investing activities and dividends paid .", "free cash flow is not considered a financial measure under gaap by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner .", "we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings .", "free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .", "the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : ." ]

[ "2018 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve .", "we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , training and employee engagement , quality control , and targeted capital investments .", "we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety .", "we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network .", "f0b7 network operations 2013 in 2018 , we will continue to align resources with customer demand , maintain an efficient network , and ensure surge capability of our assets .", "f0b7 fuel prices 2013 fuel price projections for crude oil and natural gas continue to fluctuate in the current environment .", "we again could see volatile fuel prices during the year , as they are sensitive to global and u.s .", "domestic demand , refining capacity , geopolitical events , weather conditions and other factors .", "as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail increases or decreases in fuel price by approximately two months .", "lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport .", "alternatively , lower fuel prices could likely have a negative impact on other commodities such as coal and domestic drilling-related shipments. ." ]

[ [ "Millions", "2017", "2016", "2015" ], [ "Cash provided by operating activities", "$7,230", "$7,525", "$7,344" ], [ "Cash used in investing activities", "(3,086)", "(3,393)", "(4,476)" ], [ "Dividends paid", "(1,982)", "(1,879)", "(2,344)" ], [ "Free cash flow", "$2,162", "$2,253", "$524" ] ]

[ [ "millions", "2017", "2016", "2015" ], [ "cash provided by operating activities", "$ 7230", "$ 7525", "$ 7344" ], [ "cash used in investing activities", "-3086 ( 3086 )", "-3393 ( 3393 )", "-4476 ( 4476 )" ], [ "dividends paid", "-1982 ( 1982 )", "-1879 ( 1879 )", "-2344 ( 2344 )" ], [ "free cash flow", "$ 2162", "$ 2253", "$ 524" ] ]

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[ "other expense , net : the company's other expense consists of the following: ." ]

[ "income tax provision : the company recorded income tax expense of $ 77.2 million and had income before income taxes of $ 322.5 million for the year ended december 31 , 2013 , representing an effective tax rate of 23.9% ( 23.9 % ) .", "during the year ended december 31 , 2012 , the company recorded income tax expense of $ 90.1 million and had income before income taxes of $ 293.5 million , representing an effective tax rate of 30.7% ( 30.7 % ) .", "in december 2013 , the company received notice from the irs that the joint committee on taxation took no exception to the company's tax returns that were filed for 2009 and 2010 .", "an $ 11.0 million tax benefit was recognized in the company's 2013 financial results as the company had effectively settled uncertainty regarding the realization of refund claims filed in connection with the 2009 and 2010 returns .", "in the u.s. , which is the largest jurisdiction where the company receives such a tax credit , the availability of the research and development credit expired at the end of the 2011 tax year .", "in january 2013 , the u.s .", "congress passed legislation that reinstated the research and development credit retroactive to 2012 .", "the income tax provision for the year ended december 31 , 2013 includes approximately $ 2.3 million related to the reinstated research and development credit for 2012 activity .", "the decrease in the effective tax rate from the prior year is primarily due to the release of an uncertain tax position mentioned above , the reinstatement of the u.s .", "research and development credit mentioned above , and cash repatriation activities .", "when compared to the federal and state combined statutory rate , the effective tax rates for the years ended december 31 , 2013 and 2012 were favorably impacted by lower statutory tax rates in many of the company 2019s foreign jurisdictions , the domestic manufacturing deduction and tax benefits associated with the merger of the company 2019s japan subsidiaries in 2010 .", "net income : the company 2019s net income for the year ended december 31 , 2013 was $ 245.3 million as compared to net income of $ 203.5 million for the year ended december 31 , 2012 .", "diluted earnings per share was $ 2.58 for the year ended december 31 , 2013 and $ 2.14 for the year ended december 31 , 2012 .", "the weighted average shares used in computing diluted earnings per share were 95.1 million and 95.0 million for the years ended december 31 , 2013 and 2012 , respectively .", "table of contents ." ]

[ [ "", "Year Ended December 31," ], [ "(in thousands)", "2013", "2012" ], [ "Foreign currency losses, net", "$(1,115)", "$(1,401)" ], [ "Other income (expense), net", "69", "(4)" ], [ "Total other expense, net", "$(1,046)", "$(1,405)" ] ]

[ [ "( in thousands )", "year ended december 31 , 2013", "year ended december 31 , 2012" ], [ "foreign currency losses net", "$ -1115 ( 1115 )", "$ -1401 ( 1401 )" ], [ "other income ( expense ) net", "69", "-4 ( 4 )" ], [ "total other expense net", "$ -1046 ( 1046 )", "$ -1405 ( 1405 )" ] ]

[ { "arg1": "1115", "arg2": "1401", "op": "minus1-1", "res": "-286" }, { "arg1": "#0", "arg2": "1401", "op": "divide1-2", "res": "-20.4%" } ]

[ "s c h e d u l e i v ( continued ) ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2008 , 2007 , and 2006 ( in millions of u.s .", "dollars ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to ." ]

[ "." ]

[ [ "For the years ended December 31, 2008, 2007, and 2006(in millions of U.S. dollars)", "Direct Amount", "Ceded To Other Companies", "Assumed From Other Companies", "Net Amount", "Percentage of Amount Assumed to Net" ], [ "2008", "$16,087", "$6,144", "$3,260", "$13,203", "25%" ], [ "2007", "$14,673", "$5,834", "$3,458", "$12,297", "28%" ], [ "2006", "$13,562", "$5,198", "$3,461", "$11,825", "29%" ] ]

[ [ "for the years ended december 31 2008 2007 and 2006 ( in millions of u.s . dollars )", "direct amount", "ceded to other companies", "assumed from other companies", "net amount", "percentage of amount assumed to net" ], [ "2008", "$ 16087", "$ 6144", "$ 3260", "$ 13203", "25% ( 25 % )" ], [ "2007", "$ 14673", "$ 5834", "$ 3458", "$ 12297", "28% ( 28 % )" ], [ "2006", "$ 13562", "$ 5198", "$ 3461", "$ 11825", "29% ( 29 % )" ] ]

[]

[ "levels during 2008 , an indication that efforts to improve network operations translated into better customer service .", "2022 fuel prices 2013 crude oil prices increased at a steady rate through the first seven months of 2008 , closing at a record high of $ 145.29 a barrel in early july .", "as the economy worsened during the third and fourth quarters , fuel prices dropped dramatically , hitting $ 33.87 per barrel in december , a near five-year low .", "despite these price declines toward the end of the year , our 2008 average fuel price increased by 39% ( 39 % ) and added $ 1.1 billion of operating expenses compared to 2007 .", "our fuel surcharge programs helped offset the impact of higher fuel prices .", "in addition , we reduced our consumption rate by 4% ( 4 % ) , saving approximately 58 million gallons of fuel during the year .", "the use of newer , more fuel efficient locomotives ; our fuel conservation programs ; improved network operations ; and a shift in commodity mix , primarily due to growth in bulk shipments , contributed to the improvement .", "2022 free cash flow 2013 cash generated by operating activities totaled a record $ 4.1 billion , yielding free cash flow of $ 825 million in 2008 .", "free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .", "free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .", "we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .", "free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .", "the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2008 2007 2006 ." ]

[ "2009 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .", "we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training and engaging our employees .", "we plan to continue implementation of total safety culture ( tsc ) throughout our operations .", "tsc , an employee-focused initiative that has helped improve safety , is a process designed to establish , maintain , and promote safety among co-workers .", "with respect to public safety , we will continue our efforts to maintain , upgrade , and close crossings , install video cameras on locomotives , and educate the public about crossing safety through various railroad and industry programs , along with other activities .", "2022 transportation plan 2013 in 2009 , we will continue to evaluate traffic flows and network logistic patterns to identify additional opportunities to simplify operations and improve network efficiency and asset utilization .", "we plan to maintain adequate manpower and locomotives , and improve productivity using industrial engineering techniques .", "2022 fuel prices 2013 on average , we expect fuel prices to decrease substantially from the average price we paid in 2008 .", "however , due to economic uncertainty , other global pressures , and weather incidents , fuel prices again could be volatile during the year .", "to reduce the impact of fuel price on earnings , we ." ]

[ [ "<i>Millions of Dollars</i>", "2008", "2007", "2006" ], [ "Cash provided by operating activities", "$4,070", "$3,277", "$2,880" ], [ "Cash used in investing activities", "(2,764)", "(2,426)", "(2,042)" ], [ "Dividends paid", "(481)", "(364)", "(322)" ], [ "Free cash flow", "$825", "$487", "$516" ] ]

[ [ "millions of dollars", "2008", "2007", "2006" ], [ "cash provided by operating activities", "$ 4070", "$ 3277", "$ 2880" ], [ "cash used in investing activities", "-2764 ( 2764 )", "-2426 ( 2426 )", "-2042 ( 2042 )" ], [ "dividends paid", "-481 ( 481 )", "-364 ( 364 )", "-322 ( 322 )" ], [ "free cash flow", "$ 825", "$ 487", "$ 516" ] ]

[ { "arg1": "825", "arg2": "487", "op": "minus2-1", "res": "338" }, { "arg1": "#0", "arg2": "487", "op": "divide2-2", "res": "70%" } ]

[ "intangibles 2014 goodwill and other : testing goodwill for impairment in september 2011 , an accounting standard update was issued that allows entities an option to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test .", "this standard is effective for annual and interim goodwill impairment testing beginning january 1 , 2012 .", "this standard will not have an impact on our financial condition , results of operations and cash flows .", "note 2 : merger and acquisitions holly - frontier merger on february 21 , 2011 , we entered into a merger agreement providing for a 201cmerger of equals 201d business combination between us and frontier for purposes of creating a more diversified company having a broader geographic sales footprint , stronger financial position and to create a more efficient corporate overhead structure , while also realizing synergies and promoting accretion to earnings per share .", "the legacy frontier business operations consist of crude oil refining and the wholesale marketing of refined petroleum products produced at the el dorado and cheyenne refineries and serve markets in the rocky mountain and plains states regions of the united states .", "on july 1 , 2011 , north acquisition , inc. , a direct wholly-owned subsidiary of holly , merged with and into frontier , with frontier surviving as a wholly-owned subsidiary of holly .", "concurrent with the merger , we changed our name to hollyfrontier corporation and changed the ticker symbol for our common stock traded on the new york stock exchange to 201chfc . 201d subsequent to the merger and following approval by the post-closing board of directors of hollyfrontier , frontier merged with and into hollyfrontier , with hollyfrontier continuing as the surviving corporation .", "in accordance with the merger agreement , we issued 102.8 million shares of hollyfrontier common stock in exchange for outstanding shares of frontier common stock to former frontier stockholders .", "each outstanding share of frontier common stock was converted into 0.4811 shares of hollyfrontier common stock with any fractional shares paid in cash .", "the aggregate consideration paid in stock in connection with the merger was $ 3.7 billion .", "this is based on our july 1 , 2011 market closing price of $ 35.93 and includes a portion of the fair value of the outstanding equity-based awards assumed from frontier that relates to pre-merger services .", "the number of shares issued in connection with our merger with frontier and the closing market price of our common stock at july 1 , 2011 have been adjusted to reflect the two-for-one stock split on august 31 , 2011 .", "the merger has been accounted for using the acquisition method of accounting with holly being considered the acquirer of frontier for accounting purposes .", "therefore , the purchase price was allocated to the fair value of the acquired assets and assumed liabilities at the acquisition date , with the excess purchase price being recorded as goodwill .", "the goodwill resulting from the merger is primarily due to the favorable location of the acquired refining facilities and the expected synergies to be gained from our combined business operations .", "goodwill related to this merger is not deductible for income tax purposes .", "the following table summarizes our fair value estimates of the frontier assets and liabilities recognized upon our merger on july 1 , 2011: ." ]

[ "." ]

[ [ "", "(in millions)" ], [ "Cash and cash equivalents", "$872.7" ], [ "Accounts receivable", "737.9" ], [ "Inventories", "657.4" ], [ "Properties, plants and equipment", "1,054.3" ], [ "Goodwill", "2,254.0" ], [ "Income taxes receivable", "37.8" ], [ "Other assets", "32.8" ], [ "Accounts payable", "(1,076.7)" ], [ "Accrued liabilities", "(40.7)" ], [ "Long-term debt", "(370.6)" ], [ "Other long-term liabilities", "(96.1)" ], [ "Deferred income taxes", "(357.6)" ], [ "Net tangible and intangible assets acquired and liabilities assumed", "$3,705.2" ] ]

[ [ "", "( in millions )" ], [ "cash and cash equivalents", "$ 872.7" ], [ "accounts receivable", "737.9" ], [ "inventories", "657.4" ], [ "properties plants and equipment", "1054.3" ], [ "goodwill", "2254.0" ], [ "income taxes receivable", "37.8" ], [ "other assets", "32.8" ], [ "accounts payable", "-1076.7 ( 1076.7 )" ], [ "accrued liabilities", "-40.7 ( 40.7 )" ], [ "long-term debt", "-370.6 ( 370.6 )" ], [ "other long-term liabilities", "-96.1 ( 96.1 )" ], [ "deferred income taxes", "-357.6 ( 357.6 )" ], [ "net tangible and intangible assets acquired and liabilities assumed", "$ 3705.2" ] ]

[ { "arg1": "872.7", "arg2": "737.9", "op": "add1-1", "res": "1610.6" }, { "arg1": "40.7", "arg2": "1076.7", "op": "add1-2", "res": "1117.4" }, { "arg1": "#0", "arg2": "#1", "op": "divide1-3", "res": "1.44" } ]

[ "although many clients use both active and passive strategies , the application of these strategies differs greatly .", "for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager .", "this has the effect of increasing turnover of index aum .", "in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates .", "this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings .", "equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations .", "equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore .", "net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively .", "passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively .", "passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates .", "institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively .", "at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively .", "blackrock 2019s effective fee rates fluctuate due to changes in aum mix .", "approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s .", "equity strategies .", "accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s .", "markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues .", "fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 .", "growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore .", "net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies .", "fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively .", "institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively .", "at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively .", "multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 ." ]

[ "multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains .", "blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities .", "investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays .", "at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum .", "additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively .", "flows reflected ongoing institutional demand for our advice in an increasingly ." ]

[ [ "<i>(Dollar amounts in millions)</i>", "12/31/2011", "Net New Business", "Net Acquired", "Market /FX App (Dep)", "12/31/2012" ], [ "Asset allocation", "$126,067", "$1,575", "$78", "$12,440", "$140,160" ], [ "Target date/risk", "49,063", "14,526", "—", "6,295", "69,884" ], [ "Fiduciary", "50,040", "(284)", "—", "7,948", "57,704" ], [ "Multi-asset", "$225,170", "$15,817", "$78", "$26,683", "$267,748" ] ]

[ [ "( dollar amounts in millions )", "12/31/2011", "net new business", "net acquired", "market /fx app ( dep )", "12/31/2012" ], [ "asset allocation", "$ 126067", "$ 1575", "$ 78", "$ 12440", "$ 140160" ], [ "target date/risk", "49063", "14526", "2014", "6295", "69884" ], [ "fiduciary", "50040", "-284 ( 284 )", "2014", "7948", "57704" ], [ "multi-asset", "$ 225170", "$ 15817", "$ 78", "$ 26683", "$ 267748" ] ]

[ { "arg1": "140160", "arg2": "126067", "op": "minus1-1", "res": "14093" }, { "arg1": "#0", "arg2": "126067", "op": "divide1-2", "res": "11.2%" } ]

[ "properties , plants , and equipment .", "properties , plants , and equipment are recorded at cost .", "depreciation is recorded principally on the straight-line method at rates based on the estimated useful lives of the assets .", "the following table details the weighted-average useful lives of structures and machinery and equipment by reporting segment ( numbers in years ) : ." ]

[ "gains or losses from the sale of assets are generally recorded in other income , net ( see policy below for assets classified as held for sale and discontinued operations ) .", "repairs and maintenance are charged to expense as incurred .", "interest related to the construction of qualifying assets is capitalized as part of the construction costs .", "properties , plants , and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets ( asset group ) may not be recoverable .", "recoverability of assets is determined by comparing the estimated undiscounted net cash flows of the operations related to the assets ( asset group ) to their carrying amount .", "an impairment loss would be recognized when the carrying amount of the assets ( asset group ) exceeds the estimated undiscounted net cash flows .", "the amount of the impairment loss to be recorded is calculated as the excess of the carrying value of the assets ( asset group ) over their fair value , with fair value determined using the best information available , which generally is a discounted cash flow ( dcf ) model .", "the determination of what constitutes an asset group , the associated estimated undiscounted net cash flows , and the estimated useful lives of assets also require significant judgments .", "goodwill and other intangible assets .", "goodwill is not amortized ; instead , it is reviewed for impairment annually ( in the fourth quarter ) or more frequently if indicators of impairment exist or if a decision is made to sell or exit a business .", "a significant amount of judgment is involved in determining if an indicator of impairment has occurred .", "such indicators may include deterioration in general economic conditions , negative developments in equity and credit markets , adverse changes in the markets in which an entity operates , increases in input costs that have a negative effect on earnings and cash flows , or a trend of negative or declining cash flows over multiple periods , among others .", "the fair value that could be realized in an actual transaction may differ from that used to evaluate the impairment of goodwill .", "goodwill is allocated among and evaluated for impairment at the reporting unit level , which is defined as an operating segment or one level below an operating segment .", "arconic has eight reporting units , of which four are included in the engineered products and solutions segment , three are included in the transportation and construction solutions segment , and the remaining reporting unit is the global rolled products segment .", "more than 70% ( 70 % ) of arconic 2019s total goodwill is allocated to two reporting units as follows : arconic fastening systems and rings ( afsr ) ( $ 2200 ) and arconic power and propulsion ( app ) ( $ 1647 ) businesses , both of which are included in the engineered products and solutions segment .", "these amounts include an allocation of corporate 2019s goodwill .", "in november 2014 , arconic acquired firth rixson ( see note f ) , and , as a result recognized $ 1801 in goodwill .", "this amount was allocated between the afsr and arconic forgings and extrusions ( afe ) reporting units , which is part of the engineered products and solutions segment .", "in march and july 2015 , arconic acquired tital and rti , respectively , ( see note f ) and recognized $ 117 and $ 298 , respectively , in goodwill .", "the goodwill amount related to tital was allocated to the app reporting unit and the amount related to rti was allocated to arconic titanium and engineered products ( atep ) , a new arconic reporting unit that consists solely of the acquired rti business and is part of the engineered products and solutions segment .", "in reviewing goodwill for impairment , an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not ( greater than 50% ( 50 % ) ) that the estimated fair value of a reporting unit is less than its carrying amount .", "if an entity elects to perform a qualitative assessment and determines that an impairment is more likely than not , the entity is then required to perform the ." ]

[ [ "Segment", "Structures", "Machinery and equipment" ], [ "Global Rolled Products", "31", "21" ], [ "Engineered Products and Solutions", "29", "17" ], [ "Transportation and Construction Solutions", "27", "19" ] ]

[ [ "segment", "structures", "machinery and equipment" ], [ "global rolled products", "31", "21" ], [ "engineered products and solutions", "29", "17" ], [ "transportation and construction solutions", "27", "19" ] ]

[]

[ "notes to consolidated financial statements minority partner approves the annual budget , receives a detailed monthly reporting package from us , meets with us on a quarterly basis to review the results of the joint venture , reviews and approves the joint venture 2019s tax return before filing , and approves all leases that cover more than a nominal amount of space relative to the total rentable space at each property we do not consolidate the joint venture as we consider these to be substantive participation rights .", "our joint venture agreements also contain certain pro- tective rights such as the requirement of partner approval to sell , finance or refinance the property and the payment of capital expenditures and operating expenditures outside of the approved budget or operating plan .", "the table below provides general information on each joint venture as of december 31 , 2009 ( in thousands ) : property partner ownership interest economic interest square feet acquired acquisition price ( 1 ) 1221 avenue of the americas ( 2 ) rgii 45.00% ( 45.00 % ) 45.00% ( 45.00 % ) 2550 12/03 $ 1000000 1515 broadway ( 3 ) sitq 55.00% ( 55.00 % ) 68.45% ( 68.45 % ) 1750 05/02 $ 483500 ." ]

[ "the meadows ( 10 ) onyx 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 582 09/07 $ 111500 388 and 390 greenwich street ( 11 ) sitq 50.60% ( 50.60 % ) 50.60% ( 50.60 % ) 2600 12/07 $ 1575000 27 201329 west 34th street ( 12 ) sutton 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 41 01/06 $ 30000 1551 20131555 broadway ( 13 ) sutton 10.00% ( 10.00 % ) 10.00% ( 10.00 % ) 26 07/05 $ 80100 717 fifth avenue ( 14 ) sutton/nakash 32.75% ( 32.75 % ) 32.75% ( 32.75 % ) 120 09/06 $ 251900 ( 1 ) acquisition price represents the actual or implied purchase price for the joint venture .", "( 2 ) we acquired our interest from the mcgraw-hill companies , or mhc .", "mhc is a tenant at the property and accounted for approximately 14.7% ( 14.7 % ) of the property 2019s annualized rent at december 31 , 2009 .", "we do not manage this joint venture .", "( 3 ) under a tax protection agreement established to protect the limited partners of the partnership that transferred 1515 broadway to the joint venture , the joint venture has agreed not to adversely affect the limited partners 2019 tax positions before december 2011 .", "one tenant , whose leases primarily ends in 2015 , represents approximately 77.4% ( 77.4 % ) of this joint venture 2019s annualized rent at december 31 , 2009 .", "( 4 ) effective november 2006 , we deconsolidated this investment .", "as a result of the recapitalization of the property , we were no longer the primary beneficiary .", "both partners had the same amount of equity at risk and neither partner controlled the joint venture .", "( 5 ) we invested approximately $ 109.5 million in this asset through the origination of a loan secured by up to 47% ( 47 % ) of the interests in the property 2019s ownership , with an option to convert the loan to an equity interest .", "certain existing members have the right to re-acquire approximately 4% ( 4 % ) of the property 2019s equity .", "these interests were re-acquired in december 2008 and reduced our interest to 42.95% ( 42.95 % ) ( 6 ) effective april 2007 , we deconsolidated this investment .", "as a result of the recapitalization of the property , we were no longer the primary beneficiary .", "both partners had the same amount of equity at risk and neither partner controlled the joint venture .", "( 7 ) we have the ability to syndicate our interest down to 14.79% ( 14.79 % ) .", "( 8 ) we , along with gramercy , together as tenants-in-common , acquired a fee interest in 2 herald square .", "the fee interest is subject to a long-term operating lease .", "( 9 ) we , along with gramercy , together as tenants-in-common , acquired a fee and leasehold interest in 885 third avenue .", "the fee and leasehold interests are subject to a long-term operating lease .", "( 10 ) we , along with onyx acquired the remaining 50% ( 50 % ) interest on a pro-rata basis in september 2009 .", "( 11 ) the property is subject to a 13-year triple-net lease arrangement with a single tenant .", "( 12 ) effective may 2008 , we deconsolidated this investment .", "as a result of the recapitalization of the property , we were no longer the primary beneficiary .", "both partners had the same amount of equity at risk and neither partner controlled the joint venture .", "( 13 ) effective august 2008 , we deconsolidated this investment .", "as a result of the sale of 80% ( 80 % ) of our interest , the joint venture was no longer a vie .", "( 14 ) effective september 2008 , we deconsolidated this investment .", "as a result of the recapitalization of the property , we were no longer the primary beneficiary. ." ]

[ [ "Property", "Partner", "Ownership Interest", "Economic Interest", "Square Feet", "Acquired", "Acquisition Price⁽¹⁾" ], [ "1221 Avenue of the Americas⁽²⁾", "RGII", "45.00%", "45.00%", "2,550", "12/03", "$1,000,000" ], [ "1515 Broadway⁽³⁾", "SITQ", "55.00%", "68.45%", "1,750", "05/02", "$483,500" ], [ "100 Park Avenue", "Prudential", "49.90%", "49.90%", "834", "02/00", "$95,800" ], [ "379 West Broadway", "Sutton", "45.00%", "45.00%", "62", "12/05", "$19,750" ], [ "21 West 34^thStreet⁽⁴⁾", "Sutton", "50.00%", "50.00%", "30", "07/05", "$22,400" ], [ "800 Third Avenue⁽⁵⁾", "Private Investors", "42.95%", "42.95%", "526", "12/06", "$285,000" ], [ "521 Fifth Avenue", "CIF", "50.10%", "50.10%", "460", "12/06", "$240,000" ], [ "One Court Square", "JP Morgan", "30.00%", "30.00%", "1,402", "01/07", "$533,500" ], [ "1604-1610 Broadway⁽⁶⁾", "Onyx/Sutton", "45.00%", "63.00%", "30", "11/05", "$4,400" ], [ "1745 Broadway⁽⁷⁾", "Witkoff/SITQ/Lehman Bros.", "32.26%", "32.26%", "674", "04/07", "$520,000" ], [ "1 and 2 Jericho Plaza", "Onyx/Credit Suisse", "20.26%", "20.26%", "640", "04/07", "$210,000" ], [ "2 Herald Square⁽⁸⁾", "Gramercy", "55.00%", "55.00%", "354", "04/07", "$225,000" ], [ "885 Third Avenue⁽⁹⁾", "Gramercy", "55.00%", "55.00%", "607", "07/07", "$317,000" ], [ "16 Court Street", "CIF", "35.00%", "35.00%", "318", "07/07", "$107,500" ], [ "The Meadows⁽¹⁰⁾", "Onyx", "50.00%", "50.00%", "582", "09/07", "$111,500" ], [ "388 and 390 Greenwich Street⁽¹¹⁾", "SITQ", "50.60%", "50.60%", "2,600", "12/07", "$1,575,000" ], [ "27-29 West 34^thStreet⁽¹²⁾", "Sutton", "50.00%", "50.00%", "41", "01/06", "$30,000" ], [ "1551-1555 Broadway⁽¹³⁾", "Sutton", "10.00%", "10.00%", "26", "07/05", "$80,100" ], [ "717 Fifth Avenue⁽¹⁴⁾", "Sutton/Nakash", "32.75%", "32.75%", "120", "09/06", "$251,900" ] ]

[ [ "property", "partner", "ownership interest", "economic interest", "square feet", "acquired", "acquisition price ( 1 )" ], [ "1221 avenue of the americas ( 2 )", "rgii", "45.00% ( 45.00 % )", "45.00% ( 45.00 % )", "2550", "12/03", "$ 1000000" ], [ "1515 broadway ( 3 )", "sitq", "55.00% ( 55.00 % )", "68.45% ( 68.45 % )", "1750", "05/02", "$ 483500" ], [ "100 park avenue", "prudential", "49.90% ( 49.90 % )", "49.90% ( 49.90 % )", "834", "02/00", "$ 95800" ], [ "379 west broadway", "sutton", "45.00% ( 45.00 % )", "45.00% ( 45.00 % )", "62", "12/05", "$ 19750" ], [ "21 west 34thstreet ( 4 )", "sutton", "50.00% ( 50.00 % )", "50.00% ( 50.00 % )", "30", "07/05", "$ 22400" ], [ "800 third avenue ( 5 )", "private investors", "42.95% ( 42.95 % )", "42.95% ( 42.95 % )", "526", "12/06", "$ 285000" ], [ "521 fifth avenue", "cif", "50.10% ( 50.10 % )", "50.10% ( 50.10 % )", "460", "12/06", "$ 240000" ], [ "one court square", "jp morgan", "30.00% ( 30.00 % )", "30.00% ( 30.00 % )", "1402", "01/07", "$ 533500" ], [ "1604-1610 broadway ( 6 )", "onyx/sutton", "45.00% ( 45.00 % )", "63.00% ( 63.00 % )", "30", "11/05", "$ 4400" ], [ "1745 broadway ( 7 )", "witkoff/sitq/lehman bros .", "32.26% ( 32.26 % )", "32.26% ( 32.26 % )", "674", "04/07", "$ 520000" ], [ "1 and 2 jericho plaza", "onyx/credit suisse", "20.26% ( 20.26 % )", "20.26% ( 20.26 % )", "640", "04/07", "$ 210000" ], [ "2 herald square ( 8 )", "gramercy", "55.00% ( 55.00 % )", "55.00% ( 55.00 % )", "354", "04/07", "$ 225000" ], [ "885 third avenue ( 9 )", "gramercy", "55.00% ( 55.00 % )", "55.00% ( 55.00 % )", "607", "07/07", "$ 317000" ], [ "16 court street", "cif", "35.00% ( 35.00 % )", "35.00% ( 35.00 % )", "318", "07/07", "$ 107500" ], [ "the meadows ( 10 )", "onyx", "50.00% ( 50.00 % )", "50.00% ( 50.00 % )", "582", "09/07", "$ 111500" ], [ "388 and 390 greenwich street ( 11 )", "sitq", "50.60% ( 50.60 % )", "50.60% ( 50.60 % )", "2600", "12/07", "$ 1575000" ], [ "27-29 west 34thstreet ( 12 )", "sutton", "50.00% ( 50.00 % )", "50.00% ( 50.00 % )", "41", "01/06", "$ 30000" ], [ "1551-1555 broadway ( 13 )", "sutton", "10.00% ( 10.00 % )", "10.00% ( 10.00 % )", "26", "07/05", "$ 80100" ], [ "717 fifth avenue ( 14 )", "sutton/nakash", "32.75% ( 32.75 % )", "32.75% ( 32.75 % )", "120", "09/06", "$ 251900" ] ]

[ { "arg1": "95800", "arg2": "const_1000", "op": "multiply1-1", "res": "95800000" }, { "arg1": "#0", "arg2": "49.90%", "op": "divide1-2", "res": "191983960" } ]

[ "interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .", "interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .", "amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .", "the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .", "6 .", "commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .", "the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .", "the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .", "the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) ." ]

[ "included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .", "included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .", "sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .", "these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .", "the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 ." ]

[ [ "2017", "$114,857" ], [ "2018", "127,504" ], [ "2019", "136,040" ], [ "2020", "133,092" ], [ "2021", "122,753" ], [ "2022 and thereafter", "788,180" ], [ "Total future minimum lease payments", "$1,422,426" ] ]

[ [ "2017", "$ 114857" ], [ "2018", "127504" ], [ "2019", "136040" ], [ "2020", "133092" ], [ "2021", "122753" ], [ "2022 and thereafter", "788180" ], [ "total future minimum lease payments", "$ 1422426" ] ]

[ { "arg1": "109.0", "arg2": "83.0", "op": "minus2-1", "res": "26" }, { "arg1": "#0", "arg2": "83.0", "op": "divide2-2", "res": "31%" } ]

[ "notes to consolidated financial statements fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .", "thereafter , the notes pay a floating rate at three-month libor plus 500 bp .", "the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .", "at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .", "the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .", "all redemptions are subject to certain conditions and generally require approval by the federal reserve board .", "subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .", "the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .", "the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .", "at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .", "in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .", "these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .", "the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .", "the notes pay a floating rate at three-month libor plus 11 bp .", "the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .", "the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .", "the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .", "at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .", "the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .", "two of the notes pay floating at three-month libor plus 310 and 325 bp .", "the third note pays floating at six-month libor plus 370 bp .", "the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .", "the obligations were issued to fnb statutory trusts i and ii , respectively .", "the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .", "the obligations were issued to first charter capital trust i and ii , respectively .", "the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .", "the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .", "at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .", "the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .", "at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .", "the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .", "the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .", "medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .", "there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .", "15 .", "commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .", "the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .", "these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .", "creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .", "the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .", "a summary of significant commitments at december 31: ." ]

[ "commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .", "since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .", "the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .", "fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .", "as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .", "standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .", "at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .", "standby letters of credit are considered guarantees in accordance with fasb interpretation no .", "45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .", "at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .", "approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .", "in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .", "the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for ." ]

[ [ "($ in millions)", "2008", "2007" ], [ "Commitments to extend credit", "$49,470", "49,788" ], [ "Letters of credit (including standby letters of credit)", "8,951", "8,522" ], [ "Forward contracts to sell mortgage loans", "3,235", "1,511" ], [ "Noncancelable lease obligations", "937", "734" ], [ "Purchase obligations", "81", "52" ], [ "Capital expenditures", "68", "94" ] ]

[ [ "( $ in millions )", "2008", "2007" ], [ "commitments to extend credit", "$ 49470", "49788" ], [ "letters of credit ( including standby letters of credit )", "8951", "8522" ], [ "forward contracts to sell mortgage loans", "3235", "1511" ], [ "noncancelable lease obligations", "937", "734" ], [ "purchase obligations", "81", "52" ], [ "capital expenditures", "68", "94" ] ]

[]

[ "the following is a schedule of future minimum rental payments required under long-term operating leases at october 30 , 2010 : fiscal years operating leases ." ]

[ "12 .", "commitments and contingencies from time to time in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes .", "as to such claims and litigation , the company can give no assurance that it will prevail .", "the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows .", "13 .", "retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees .", "the company maintains a defined contribution plan for the benefit of its eligible u.s .", "employees .", "this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation .", "in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation .", "the total expense related to the defined contribution plan for u.s .", "employees was $ 20.5 million in fiscal 2010 , $ 21.5 million in fiscal 2009 and $ 22.6 million in fiscal 2008 .", "the company also has various defined benefit pension and other retirement plans for certain non-u.s .", "employees that are consistent with local statutory requirements and practices .", "the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s .", "employees was $ 11.7 million in fiscal 2010 , $ 10.9 million in fiscal 2009 and $ 13.9 million in fiscal 2008 .", "during fiscal 2009 , the measurement date of the plan 2019s funded status was changed from september 30 to the company 2019s fiscal year end .", "non-u.s .", "plan disclosures the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country .", "the plans 2019 assets consist primarily of u.s .", "and non-u.s .", "equity securities , bonds , property and cash .", "the benefit obligations and related assets under these plans have been measured at october 30 , 2010 and october 31 , 2009 .", "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "Fiscal Years", "Operating Leases" ], [ "2011", "$21,871" ], [ "2012", "12,322" ], [ "2013", "9,078" ], [ "2014", "6,381" ], [ "2015", "5,422" ], [ "Later Years", "30,655" ], [ "Total", "$85,729" ] ]

[ [ "fiscal years", "operating leases" ], [ "2011", "$ 21871" ], [ "2012", "12322" ], [ "2013", "9078" ], [ "2014", "6381" ], [ "2015", "5422" ], [ "later years", "30655" ], [ "total", "$ 85729" ] ]

[ { "arg1": "20.5", "arg2": "21.5", "op": "minus1-1", "res": "-1" }, { "arg1": "#0", "arg2": "21.5", "op": "divide1-2", "res": "-4.7%" } ]

[ "management 2019s discussion and analysis the table below presents the operating results of our institutional client services segment. ." ]

[ "1 .", "includes net revenues related to reinsurance of $ 1.08 billion , $ 880 million and $ 827 million for the years ended december 2012 , december 2011 and december 2010 , respectively .", "2012 versus 2011 .", "net revenues in institutional client services were $ 18.12 billion for 2012 , 5% ( 5 % ) higher than 2011 .", "net revenues in fixed income , currency and commodities client execution were $ 9.91 billion for 2012 , 10% ( 10 % ) higher than 2011 .", "these results reflected strong net revenues in mortgages , which were significantly higher compared with 2011 .", "in addition , net revenues in credit products and interest rate products were solid and higher compared with 2011 .", "these increases were partially offset by significantly lower net revenues in commodities and slightly lower net revenues in currencies .", "although broad market concerns persisted during 2012 , fixed income , currency and commodities client execution operated in a generally improved environment characterized by tighter credit spreads and less challenging market-making conditions compared with 2011 .", "net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 .", "net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of approximately $ 500 million on the sale of our hedge fund administration business .", "in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity .", "these increases were offset by lower commissions and fees , reflecting lower market volumes .", "during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels .", "the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 .", "during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions .", "these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions .", "in addition , the u.s .", "economy posted stable to improving economic data , including favorable developments in unemployment and housing .", "these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility .", "however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels .", "also , uncertainty over financial regulatory reform persisted .", "if these concerns and uncertainties continue over the long term , net revenues in fixed income , currency and commodities client execution and equities would likely be negatively impacted .", "operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings .", "pre-tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 .", "2011 versus 2010 .", "net revenues in institutional client services were $ 17.28 billion for 2011 , 21% ( 21 % ) lower than 2010 .", "net revenues in fixed income , currency and commodities client execution were $ 9.02 billion for 2011 , 34% ( 34 % ) lower than 2010 .", "although activity levels during 2011 were generally consistent with 2010 levels , and results were solid during the first quarter of 2011 , the environment during the remainder of 2011 was characterized by broad market concerns and uncertainty , resulting in volatile markets and significantly wider credit spreads , which contributed to difficult market-making conditions and led to reductions in risk by us and our clients .", "as a result of these conditions , net revenues across the franchise were lower , including significant declines in mortgages and credit products , compared with 2010 .", "54 goldman sachs 2012 annual report ." ]

[ [ "", "Year Ended December" ], [ "<i>in millions</i>", "2012", "2011", "2010" ], [ "Fixed Income, Currency and Commodities Client Execution", "$ 9,914", "$ 9,018", "$13,707" ], [ "Equities client execution¹", "3,171", "3,031", "3,231" ], [ "Commissions and fees", "3,053", "3,633", "3,426" ], [ "Securities services", "1,986", "1,598", "1,432" ], [ "Total Equities", "8,210", "8,262", "8,089" ], [ "Total net revenues", "18,124", "17,280", "21,796" ], [ "Operating expenses", "12,480", "12,837", "14,994" ], [ "Pre-tax earnings", "$ 5,644", "$ 4,443", "$ 6,802" ] ]

[ [ "in millions", "year ended december 2012", "year ended december 2011", "year ended december 2010" ], [ "fixed income currency and commodities client execution", "$ 9914", "$ 9018", "$ 13707" ], [ "equities client execution1", "3171", "3031", "3231" ], [ "commissions and fees", "3053", "3633", "3426" ], [ "securities services", "1986", "1598", "1432" ], [ "total equities", "8210", "8262", "8089" ], [ "total net revenues", "18124", "17280", "21796" ], [ "operating expenses", "12480", "12837", "14994" ], [ "pre-tax earnings", "$ 5644", "$ 4443", "$ 6802" ] ]

[ { "arg1": "17280", "arg2": "21796", "op": "minus1-1", "res": "-4516" }, { "arg1": "#0", "arg2": "21796", "op": "divide1-2", "res": "-20.7%" } ]

[ "we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .", "as such , we have no control over activities that could materially impact the fair value of the leased assets .", "we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .", "additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies .", "the future minimum lease payments associated with the vie leases totaled $ 2.6 billion as of december 31 , 2015 .", "17 .", "leases we lease certain locomotives , freight cars , and other property .", "the consolidated statements of financial position as of december 31 , 2015 and 2014 included $ 2273 million , net of $ 1189 million of accumulated depreciation , and $ 2454 million , net of $ 1210 million of accumulated depreciation , respectively , for properties held under capital leases .", "a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .", "future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2015 , were as follows : millions operating leases capital leases ." ]

[ "approximately 95% ( 95 % ) of capital lease payments relate to locomotives .", "rent expense for operating leases with terms exceeding one month was $ 590 million in 2015 , $ 593 million in 2014 , and $ 618 million in 2013 .", "when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .", "contingent rentals and sub-rentals are not significant .", "18 .", "commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .", "we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity .", "to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated .", "we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use an actuarial analysis to measure the expense and liability , including unasserted claims .", "the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .", "under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .", "we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work .", "our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments .", "approximately 94% ( 94 % ) of the recorded liability is related to asserted claims and ." ]

[ [ "Millions", "OperatingLeases", "CapitalLeases" ], [ "2016", "$491", "$217" ], [ "2017", "446", "220" ], [ "2018", "371", "198" ], [ "2019", "339", "184" ], [ "2020", "282", "193" ], [ "Later years", "1,501", "575" ], [ "Total minimum lease payments", "$3,430", "$1,587" ], [ "Amount representing interest", "N/A", "(319)" ], [ "Present value of minimum lease payments", "N/A", "$1,268" ] ]

[ [ "millions", "operatingleases", "capitalleases" ], [ "2016", "$ 491", "$ 217" ], [ "2017", "446", "220" ], [ "2018", "371", "198" ], [ "2019", "339", "184" ], [ "2020", "282", "193" ], [ "later years", "1501", "575" ], [ "total minimum lease payments", "$ 3430", "$ 1587" ], [ "amount representing interest", "n/a", "-319 ( 319 )" ], [ "present value of minimum lease payments", "n/a", "$ 1268" ] ]

[ { "arg1": "3430", "arg2": "1587", "op": "add1-1", "res": "5017" }, { "arg1": "1587", "arg2": "#0", "op": "divide1-2", "res": "32%" } ]

[ "the goldman sachs group , inc .", "and subsidiaries notes to consolidated financial statements 2030 purchased interests represent senior and subordinated interests , purchased in connection with secondary market-making activities , in securitization entities in which the firm also holds retained interests .", "2030 substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2014 and thereafter as of december 2018 , and relate to securitizations during 2012 and thereafter as of december 2017 .", "2030 the fair value of retained interests was $ 3.28 billion as of december 2018 and $ 2.13 billion as of december 2017 .", "in addition to the interests in the table above , the firm had other continuing involvement in the form of derivative transactions and commitments with certain nonconsolidated vies .", "the carrying value of these derivatives and commitments was a net asset of $ 75 million as of december 2018 and $ 86 million as of december 2017 , and the notional amount of these derivatives and commitments was $ 1.09 billion as of december 2018 and $ 1.26 billion as of december 2017 .", "the notional amounts of these derivatives and commitments are included in maximum exposure to loss in the nonconsolidated vie table in note 12 .", "the table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. ." ]

[ "in the table above : 2030 amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests .", "2030 changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear .", "2030 the impact of a change in a particular assumption is calculated independently of changes in any other assumption .", "in practice , simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above .", "2030 the constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value .", "2030 the discount rate for retained interests that relate to u.s .", "government agency-issued collateralized mortgage obligations does not include any credit loss .", "expected credit loss assumptions are reflected in the discount rate for the remainder of retained interests .", "the firm has other retained interests not reflected in the table above with a fair value of $ 133 million and a weighted average life of 4.2 years as of december 2018 , and a fair value of $ 56 million and a weighted average life of 4.5 years as of december 2017 .", "due to the nature and fair value of certain of these retained interests , the weighted average assumptions for constant prepayment and discount rates and the related sensitivity to adverse changes are not meaningful as of both december 2018 and december 2017 .", "the firm 2019s maximum exposure to adverse changes in the value of these interests is the carrying value of $ 133 million as of december 2018 and $ 56 million as of december 2017 .", "note 12 .", "variable interest entities a variable interest in a vie is an investment ( e.g. , debt or equity ) or other interest ( e.g. , derivatives or loans and lending commitments ) that will absorb portions of the vie 2019s expected losses and/or receive portions of the vie 2019s expected residual returns .", "the firm 2019s variable interests in vies include senior and subordinated debt ; loans and lending commitments ; limited and general partnership interests ; preferred and common equity ; derivatives that may include foreign currency , equity and/or credit risk ; guarantees ; and certain of the fees the firm receives from investment funds .", "certain interest rate , foreign currency and credit derivatives the firm enters into with vies are not variable interests because they create , rather than absorb , risk .", "vies generally finance the purchase of assets by issuing debt and equity securities that are either collateralized by or indexed to the assets held by the vie .", "the debt and equity securities issued by a vie may include tranches of varying levels of subordination .", "the firm 2019s involvement with vies includes securitization of financial assets , as described in note 11 , and investments in and loans to other types of vies , as described below .", "see note 11 for further information about securitization activities , including the definition of beneficial interests .", "see note 3 for the firm 2019s consolidation policies , including the definition of a vie .", "goldman sachs 2018 form 10-k 149 ." ]

[ [ "", "As of December" ], [ "<i>$ in millions</i>", "2018", "2017" ], [ "Fair value of retained interests", "$ 3,151", "$2,071" ], [ "Weighted average life (years)", "7.2", "6.0" ], [ "Constant prepayment rate", "11.9%", "9.4%" ], [ "Impact of 10% adverse change", "$ (27)", "$ (19)" ], [ "Impact of 20% adverse change", "$ (53)", "$ (35)" ], [ "Discount rate", "4.7%", "4.2%" ], [ "Impact of 10% adverse change", "$ (75)", "$ (35)" ], [ "Impact of 20% adverse change", "$ (147)", "$ (70)" ] ]

[ [ "$ in millions", "as of december 2018", "as of december 2017" ], [ "fair value of retained interests", "$ 3151", "$ 2071" ], [ "weighted average life ( years )", "7.2", "6.0" ], [ "constant prepayment rate", "11.9% ( 11.9 % )", "9.4% ( 9.4 % )" ], [ "impact of 10% ( 10 % ) adverse change", "$ -27 ( 27 )", "$ -19 ( 19 )" ], [ "impact of 20% ( 20 % ) adverse change", "$ -53 ( 53 )", "$ -35 ( 35 )" ], [ "discount rate", "4.7% ( 4.7 % )", "4.2% ( 4.2 % )" ], [ "impact of 10% ( 10 % ) adverse change", "$ -75 ( 75 )", "$ -35 ( 35 )" ], [ "impact of 20% ( 20 % ) adverse change", "$ -147 ( 147 )", "$ -70 ( 70 )" ] ]

[ { "arg1": "3.28", "arg2": "2.13", "op": "minus1-1", "res": "1.15" }, { "arg1": "#0", "arg2": "2.13", "op": "divide1-2", "res": "54.0%" } ]

[ "equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2014 .", "equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1955024 $ 36.06 4078093 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 ." ]

[ "( 1 ) includes grants made under the huntington ingalls industries , inc .", "2012 long-term incentive stock plan ( the \"2012 plan\" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .", "2011 long-term incentive stock plan ( the \"2011 plan\" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .", "of these shares , 644321 were subject to stock options , 539742 were subject to outstanding restricted performance stock rights , and 63022 were stock rights granted under the 2011 plan .", "in addition , this number includes 33571 stock rights , 11046 restricted stock rights and 663322 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .", "( 2 ) this is the weighted average exercise price of the 644321 outstanding stock options only .", "( 3 ) there are no awards made under plans not approved by security holders .", "item 13 .", "certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year .", "item 14 .", "principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year .", "this proof is printed at 96% ( 96 % ) of original size this line represents final trim and will not print ." ]

[ [ "Plan category", "Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights⁽¹⁾ (a)(b)", "Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights⁽²⁾", "Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c)" ], [ "Equity compensation plans approved by security holders", "1,955,024", "$36.06", "4,078,093" ], [ "Equity compensation plans not approved by security holders⁽³⁾", "—", "—", "—" ], [ "Total", "1,955,024", "$36.06", "4,078,093" ] ]

[ [ "plan category", "number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )", "weighted-average exercise price of outstanding optionswarrants and rights ( 2 )", "number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )" ], [ "equity compensation plans approved by security holders", "1955024", "$ 36.06", "4078093" ], [ "equity compensation plans not approved by security holders ( 3 )", "2014", "2014", "2014" ], [ "total", "1955024", "$ 36.06", "4078093" ] ]

[ { "arg1": "1955024", "arg2": "4078093", "op": "add2-1", "res": "6033117" }, { "arg1": "4078093", "arg2": "#0", "op": "divide2-2", "res": "67.6%" } ]

[ "the following table summarized the status of the company 2019s non-vested performance share unit awards and changes for the period indicated : weighted- average grant date performance share unit awards shares fair value ." ]

[ "19 .", "segment reporting the u.s .", "reinsurance operation writes property and casualty reinsurance and specialty lines of business , including marine , aviation , surety and accident and health ( 201ca&h 201d ) business , on both a treaty and facultative basis , through reinsurance brokers , as well as directly with ceding companies primarily within the u.s .", "the international operation writes non-u.s .", "property and casualty reinsurance through everest re 2019s branches in canada and singapore and through offices in brazil , miami and new jersey .", "the bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its bermuda office and reinsurance to the united kingdom and european markets through its uk branch and ireland re .", "the insurance operation writes property and casualty insurance directly and through general agents , brokers and surplus lines brokers within the u.s .", "and canada .", "the mt .", "logan re segment represents business written for the segregated accounts of mt .", "logan re , which were formed on july 1 , 2013 .", "the mt .", "logan re business represents a diversified set of catastrophe exposures , diversified by risk/peril and across different geographical regions globally .", "these segments , with the exception of mt .", "logan re , are managed independently , but conform with corporate guidelines with respect to pricing , risk management , control of aggregate catastrophe exposures , capital , investments and support operations .", "management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results .", "the mt .", "logan re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria .", "underwriting results include earned premium less losses and loss adjustment expenses ( 201clae 201d ) incurred , commission and brokerage expenses and other underwriting expenses .", "we measure our underwriting results using ratios , in particular loss , commission and brokerage and other underwriting expense ratios , which , respectively , divide incurred losses , commissions and brokerage and other underwriting expenses by premiums earned .", "mt .", "logan re 2019s business is sourced through operating subsidiaries of the company ; however , the activity is only reflected in the mt .", "logan re segment .", "for other inter-affiliate reinsurance , business is generally reported within the segment in which the business was first produced , consistent with how the business is managed .", "except for mt .", "logan re , the company does not maintain separate balance sheet data for its operating segments .", "accordingly , the company does not review and evaluate the financial results of its operating segments based upon balance sheet data. ." ]

[ [ "", "Year Ended December 31, 2015" ], [ "Performance Share Unit Awards", "Shares", "Weighted- Average Grant Date Fair Value" ], [ "Outstanding at January 1,", "-", "$-" ], [ "Granted", "10,705", "178.84" ], [ "Vested", "-", "-" ], [ "Forfeited", "-", "-" ], [ "Outstanding at December 31,", "10,705", "178.84" ] ]

[ [ "performance share unit awards", "year ended december 31 2015 shares", "year ended december 31 2015 weighted- average grant date fair value" ], [ "outstanding at january 1,", "-", "$ -" ], [ "granted", "10705", "178.84" ], [ "vested", "-", "-" ], [ "forfeited", "-", "-" ], [ "outstanding at december 31,", "10705", "178.84" ] ]

[ { "arg1": "10705", "arg2": "178.84", "op": "multiply1-1", "res": "1914482.2" }, { "arg1": "#0", "arg2": "const_1000000", "op": "divide1-2", "res": "1.9" } ]

[ "devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2014 and 2013 , as listed in the table presented at the beginning of this note .", "geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately $ 2.2 billion , net of discounts and issuance costs .", "the floating rate senior notes due in 2015 bear interest at a rate equal to three-month libor plus 0.45 percent , which rate will be reset quarterly .", "the floating rate senior notes due in 2016 bears interest at a rate equal to three-month libor plus 0.54 percent , which rate will be reset quarterly .", "the schedule below summarizes the key terms of these notes ( in millions ) . ." ]

[ "( 1 ) the 1.20% ( 1.20 % ) $ 650 million note due december 15 , 2016 was redeemed on november 13 , 2014 .", "the senior notes were classified as short-term debt on devon 2019s consolidated balance sheet as of december 31 , 2013 due to certain redemption features in the event that the geosouthern acquisition was not completed on or prior to june 30 , 2014 .", "on february 28 , 2014 , the geosouthern acquisition closed and thus the senior notes were subsequently classified as long-term debt .", "additionally , during december 2013 , devon entered into a term loan agreement with a group of major financial institutions pursuant to which devon could draw up to $ 2.0 billion to finance , in part , the geosouthern acquisition and to pay transaction costs .", "in february 2014 , devon drew the $ 2.0 billion of term loans for the geosouthern transaction , and the amount was subsequently repaid on june 30 , 2014 with the canadian divestiture proceeds that were repatriated to the u.s .", "in june 2014 , at which point the term loan was terminated. ." ]

[ [ "Floating rate due December 15, 2015", "$500" ], [ "Floating rate due December 15, 2016", "350" ], [ "1.20% due December 15, 2016⁽¹⁾", "650" ], [ "2.25% due December 15, 2018", "750" ], [ "Discount and issuance costs", "(2)" ], [ "Net proceeds", "$2,248" ] ]

[ [ "floating rate due december 15 2015", "$ 500" ], [ "floating rate due december 15 2016", "350" ], [ "1.20% ( 1.20 % ) due december 15 2016 ( 1 )", "650" ], [ "2.25% ( 2.25 % ) due december 15 2018", "750" ], [ "discount and issuance costs", "-2 ( 2 )" ], [ "net proceeds", "$ 2248" ] ]

[]

[ "kendal vroman , 39 mr .", "vroman has served as our managing director , commodity products , otc services & information products since february 2010 .", "mr .", "vroman previously served as managing director and chief corporate development officer from 2008 to 2010 .", "mr .", "vroman joined us in 2001 and since then has held positions of increasing responsibility , including most recently as managing director , corporate development and managing director , information and technology services .", "scot e .", "warren , 47 mr .", "warren has served as our managing director , equity index products and index services since february 2010 .", "mr .", "warren previously served as our managing director , equity products since joining us in 2007 .", "prior to that , mr .", "warren worked for goldman sachs as its president , manager trading and business analysis team .", "prior to goldman sachs , mr .", "warren managed equity and option execution and clearing businesses for abn amro in chicago and was a senior consultant for arthur andersen & co .", "for financial services firms .", "financial information about geographic areas due to the nature of its business , cme group does not track revenues based upon geographic location .", "we do , however , track trading volume generated outside of traditional u.s .", "trading hours and through our international telecommunication hubs .", "our customers can directly access our exchanges throughout the world .", "the following table shows the percentage of our total trading volume on our globex electronic trading platform generated during non-u.s .", "hours and through our international hubs. ." ]

[ "available information our web site is www.cmegroup.com .", "information made available on our web site does not constitute part of this document .", "we make available on our web site our annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k and amendments to those reports as soon as reasonably practicable after we electronically file or furnish such materials to the sec .", "our corporate governance materials , including our corporate governance principles , director conflict of interest policy , board of directors code of ethics , categorical independence standards , employee code of conduct and the charters for all the standing committees of our board , may also be found on our web site .", "copies of these materials are also available to shareholders free of charge upon written request to shareholder relations and member services , attention ms .", "beth hausoul , cme group inc. , 20 south wacker drive , chicago , illinois 60606. ." ]

[ [ "", "2010", "2009", "2008" ], [ "Trading during non-U.S. hours", "13%", "9%", "11%" ], [ "Trading through telecommunication hubs", "8", "7", "8" ] ]

[ [ "", "2010", "2009", "2008" ], [ "trading during non-u.s . hours", "13% ( 13 % )", "9% ( 9 % )", "11% ( 11 % )" ], [ "trading through telecommunication hubs", "8", "7", "8" ] ]

[ { "arg1": "const_100", "arg2": "11", "op": "minus2-1", "res": "89%" }, { "arg1": "const_100", "arg2": "9", "op": "minus2-2", "res": "91%" }, { "arg1": "#1", "arg2": "#0", "op": "minus2-3", "res": "2%" } ]

[ "notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .", "1 .", "nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .", "our network includes 32122 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .", "gateways and providing several corridors to key mexican gateways .", "we own 26042 miles and operate on the remainder pursuant to trackage rights or leases .", "we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .", "export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .", "the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .", "although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network .", "the following table provides freight revenue by commodity group: ." ]

[ "although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s .", "each of our commodity groups includes revenue from shipments to and from mexico .", "included in the above table are freight revenues from our mexico business which amounted to $ 2.3 billion in 2017 , $ 2.2 billion in 2016 , and $ 2.2 billion in 2015 .", "basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .", "( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .", "2 .", "significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .", "investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .", "all intercompany transactions are eliminated .", "we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .", "cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .", "accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .", "the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .", "receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. ." ]

[ [ "Millions", "2017", "2016", "2015" ], [ "Agricultural Products", "$3,685", "$3,625", "$3,581" ], [ "Automotive", "1,998", "2,000", "2,154" ], [ "Chemicals", "3,596", "3,474", "3,543" ], [ "Coal", "2,645", "2,440", "3,237" ], [ "Industrial Products", "4,078", "3,348", "3,808" ], [ "Intermodal", "3,835", "3,714", "4,074" ], [ "Total freight revenues", "$19,837", "$18,601", "$20,397" ], [ "Other revenues", "1,403", "1,340", "1,416" ], [ "Total operating revenues", "$21,240", "$19,941", "$21,813" ] ]

[ [ "millions", "2017", "2016", "2015" ], [ "agricultural products", "$ 3685", "$ 3625", "$ 3581" ], [ "automotive", "1998", "2000", "2154" ], [ "chemicals", "3596", "3474", "3543" ], [ "coal", "2645", "2440", "3237" ], [ "industrial products", "4078", "3348", "3808" ], [ "intermodal", "3835", "3714", "4074" ], [ "total freight revenues", "$ 19837", "$ 18601", "$ 20397" ], [ "other revenues", "1403", "1340", "1416" ], [ "total operating revenues", "$ 21240", "$ 19941", "$ 21813" ] ]

[]

[ "common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors .", "we have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations .", "in the future , we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions .", "there were no repurchases of our series a and b common stock during the three months ended december 31 , 2013 .", "the company first announced its stock repurchase program on august 3 , 2010 .", "stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc .", "class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc .", "class b common stock and the walt disney company .", "the graph assumes $ 100 originally invested on december 31 , 2008 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2009 , 2010 , 2011 , 2012 and 2013 .", "december 31 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2014 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. ." ]

[ [ "", "December 31,2008", "December 31,2009", "December 31,2010", "December 31,2011", "December 31,2012", "December 31,2013" ], [ "DISCA", "$100.00", "$216.60", "$294.49", "$289.34", "$448.31", "$638.56" ], [ "DISCB", "$100.00", "$207.32", "$287.71", "$277.03", "$416.52", "$602.08" ], [ "DISCK", "$100.00", "$198.06", "$274.01", "$281.55", "$436.89", "$626.29" ], [ "S&P 500", "$100.00", "$123.45", "$139.23", "$139.23", "$157.90", "$204.63" ], [ "Peer Group", "$100.00", "$151.63", "$181.00", "$208.91", "$286.74", "$454.87" ] ]

[ [ "", "december 312008", "december 312009", "december 312010", "december 312011", "december 312012", "december 312013" ], [ "disca", "$ 100.00", "$ 216.60", "$ 294.49", "$ 289.34", "$ 448.31", "$ 638.56" ], [ "discb", "$ 100.00", "$ 207.32", "$ 287.71", "$ 277.03", "$ 416.52", "$ 602.08" ], [ "disck", "$ 100.00", "$ 198.06", "$ 274.01", "$ 281.55", "$ 436.89", "$ 626.29" ], [ "s&p 500", "$ 100.00", "$ 123.45", "$ 139.23", "$ 139.23", "$ 157.90", "$ 204.63" ], [ "peer group", "$ 100.00", "$ 151.63", "$ 181.00", "$ 208.91", "$ 286.74", "$ 454.87" ] ]

[]

[ "part ii , item 8 schlumberger limited and subsidiaries shares of common stock ( stated in millions ) issued in treasury shares outstanding ." ]

[ "see the notes to consolidated financial statements ." ]

[ [ "", "Issued", "In Treasury", "Shares Outstanding" ], [ "Balance, January 1, 2007", "1,334", "(156)", "1,178" ], [ "Shares sold to optionees less shares exchanged", "–", "14", "14" ], [ "Shares issued under employee stock purchase plan", "–", "2", "2" ], [ "Stock repurchase program", "–", "(16)", "(16)" ], [ "Issued on conversions of debentures", "–", "18", "18" ], [ "Balance, December 31, 2007", "1,334", "(138)", "1,196" ], [ "Shares sold to optionees less shares exchanged", "–", "5", "5" ], [ "Shares issued under employee stock purchase plan", "–", "2", "2" ], [ "Stock repurchase program", "–", "(21)", "(21)" ], [ "Issued on conversions of debentures", "–", "12", "12" ], [ "Balance, December 31, 2008", "1,334", "(140)", "1,194" ], [ "Shares sold to optionees less shares exchanged", "–", "4", "4" ], [ "Vesting of restricted stock", "–", "1", "1" ], [ "Shares issued under employee stock purchase plan", "–", "4", "4" ], [ "Stock repurchase program", "–", "(8)", "(8)" ], [ "Balance, December 31, 2009", "1,334", "(139)", "1,195" ] ]

[ [ "", "issued", "in treasury", "shares outstanding" ], [ "balance january 1 2007", "1334", "-156 ( 156 )", "1178" ], [ "shares sold to optionees less shares exchanged", "2013", "14", "14" ], [ "shares issued under employee stock purchase plan", "2013", "2", "2" ], [ "stock repurchase program", "2013", "-16 ( 16 )", "-16 ( 16 )" ], [ "issued on conversions of debentures", "2013", "18", "18" ], [ "balance december 31 2007", "1334", "-138 ( 138 )", "1196" ], [ "shares sold to optionees less shares exchanged", "2013", "5", "5" ], [ "shares issued under employee stock purchase plan", "2013", "2", "2" ], [ "stock repurchase program", "2013", "-21 ( 21 )", "-21 ( 21 )" ], [ "issued on conversions of debentures", "2013", "12", "12" ], [ "balance december 31 2008", "1334", "-140 ( 140 )", "1194" ], [ "shares sold to optionees less shares exchanged", "2013", "4", "4" ], [ "vesting of restricted stock", "2013", "1", "1" ], [ "shares issued under employee stock purchase plan", "2013", "4", "4" ], [ "stock repurchase program", "2013", "-8 ( 8 )", "-8 ( 8 )" ], [ "balance december 31 2009", "1334", "-139 ( 139 )", "1195" ] ]

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[ "we also record an inventory obsolescence reserve , which represents the difference between the cost of the inventory and its estimated realizable value , based on various product sales projections .", "this reserve is calcu- lated using an estimated obsolescence percentage applied to the inventory based on age , historical trends and requirements to support forecasted sales .", "in addition , and as necessary , we may establish specific reserves for future known or anticipated events .", "pension and other post-retirement benefit costs we offer the following benefits to some or all of our employees : a domestic trust-based noncontributory qual- ified defined benefit pension plan ( 201cu.s .", "qualified plan 201d ) and an unfunded , non-qualified domestic noncon- tributory pension plan to provide benefits in excess of statutory limitations ( collectively with the u.s .", "qualified plan , the 201cdomestic plans 201d ) ; a domestic contributory defined contribution plan ; international pension plans , which vary by country , consisting of both defined benefit and defined contribution pension plans ; deferred compensation arrangements ; and certain other post- retirement benefit plans .", "the amounts needed to fund future payouts under our defined benefit pension and post-retirement benefit plans are subject to numerous assumptions and variables .", "cer- tain significant variables require us to make assumptions that are within our control such as an anticipated discount rate , expected rate of return on plan assets and future compensation levels .", "we evaluate these assumptions with our actuarial advisors and select assumptions that we believe reflect the economics underlying our pension and post-retirement obligations .", "while we believe these assumptions are within accepted industry ranges , an increase or decrease in the assumptions or economic events outside our control could have a direct impact on reported net earnings .", "the discount rate for each plan used for determining future net periodic benefit cost is based on a review of highly rated long-term bonds .", "for fiscal 2013 , we used a discount rate for our domestic plans of 3.90% ( 3.90 % ) and vary- ing rates on our international plans of between 1.00% ( 1.00 % ) and 7.00% ( 7.00 % ) .", "the discount rate for our domestic plans is based on a bond portfolio that includes only long-term bonds with an aa rating , or equivalent , from a major rating agency .", "as of june 30 , 2013 , we used an above-mean yield curve , rather than the broad-based yield curve we used before , because we believe it represents a better estimate of an effective settlement rate of the obligation , and the timing and amount of cash flows related to the bonds included in this portfolio are expected to match the estimated defined benefit payment streams of our domestic plans .", "the benefit obligation of our domestic plans would have been higher by approximately $ 34 mil- lion at june 30 , 2013 had we not used the above-mean yield curve .", "for our international plans , the discount rate in a particular country was principally determined based on a yield curve constructed from high quality corporate bonds in each country , with the resulting portfolio having a duration matching that particular plan .", "for fiscal 2013 , we used an expected return on plan assets of 7.50% ( 7.50 % ) for our u.s .", "qualified plan and varying rates of between 2.25% ( 2.25 % ) and 7.00% ( 7.00 % ) for our international plans .", "in determining the long-term rate of return for a plan , we consider the historical rates of return , the nature of the plan 2019s investments and an expectation for the plan 2019s investment strategies .", "see 201cnote 12 2014 pension , deferred compensation and post-retirement benefit plans 201d of notes to consolidated financial statements for details regarding the nature of our pension and post-retirement plan invest- ments .", "the difference between actual and expected return on plan assets is reported as a component of accu- mulated other comprehensive income .", "those gains/losses that are subject to amortization over future periods will be recognized as a component of the net periodic benefit cost in such future periods .", "for fiscal 2013 , our pension plans had actual return on assets of approximately $ 74 million as compared with expected return on assets of approximately $ 64 million .", "the resulting net deferred gain of approximately $ 10 million , when combined with gains and losses from previous years , will be amortized over periods ranging from approximately 7 to 22 years .", "the actual return on plan assets from our international pen- sion plans exceeded expectations , primarily reflecting a strong performance from fixed income and equity invest- ments .", "the lower than expected return on assets from our u.s .", "qualified plan was primarily due to weakness in our fixed income investments , partially offset by our strong equity returns .", "a 25 basis-point change in the discount rate or the expected rate of return on plan assets would have had the following effect on fiscal 2013 pension expense : 25 basis-point 25 basis-point increase decrease ( in millions ) ." ]

[ "our post-retirement plans are comprised of health care plans that could be impacted by health care cost trend rates , which may have a significant effect on the amounts the est{e lauder companies inc .", "115 ." ]

[ [ "(In millions)", "25 Basis-Point Increase", "25 Basis-Point Decrease" ], [ "Discount rate", "$(3.5)", "$3.9" ], [ "Expected return on assets", "$(2.5)", "$2.7" ] ]

[ [ "( in millions )", "25 basis-point increase", "25 basis-point decrease" ], [ "discount rate", "$ -3.5 ( 3.5 )", "$ 3.9" ], [ "expected return on assets", "$ -2.5 ( 2.5 )", "$ 2.7" ] ]

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[ "bhge 2017 form 10-k | 103 part iii item 10 .", "directors , executive officers and corporate governance information regarding our code of conduct , the spirit and the letter , and code of ethical conduct certificates for our principal executive officer , principal financial officer and principal accounting officer are described in item 1 .", "business of this annual report .", "information concerning our directors is set forth in the sections entitled \"proposal no .", "1 , election of directors - board nominees for directors\" and \"corporate governance - committees of the board\" in our definitive proxy statement for the 2018 annual meeting of stockholders to be filed with the sec pursuant to the exchange act within 120 days of the end of our fiscal year on december 31 , 2017 ( \"proxy statement\" ) , which sections are incorporated herein by reference .", "for information regarding our executive officers , see \"item 1 .", "business - executive officers of baker hughes\" in this annual report on form 10-k .", "additional information regarding compliance by directors and executive officers with section 16 ( a ) of the exchange act is set forth under the section entitled \"section 16 ( a ) beneficial ownership reporting compliance\" in our proxy statement , which section is incorporated herein by reference .", "item 11 .", "executive compensation information for this item is set forth in the following sections of our proxy statement , which sections are incorporated herein by reference : \"compensation discussion and analysis\" \"director compensation\" \"compensation committee interlocks and insider participation\" and \"compensation committee report.\" item 12 .", "security ownership of certain beneficial owners and management and related stockholder matters information concerning security ownership of certain beneficial owners and our management is set forth in the sections entitled \"stock ownership of certain beneficial owners\" and 201cstock ownership of section 16 ( a ) director and executive officers 201d ) in our proxy statement , which sections are incorporated herein by reference .", "we permit our employees , officers and directors to enter into written trading plans complying with rule 10b5-1 under the exchange act .", "rule 10b5-1 provides criteria under which such an individual may establish a prearranged plan to buy or sell a specified number of shares of a company's stock over a set period of time .", "any such plan must be entered into in good faith at a time when the individual is not in possession of material , nonpublic information .", "if an individual establishes a plan satisfying the requirements of rule 10b5-1 , such individual's subsequent receipt of material , nonpublic information will not prevent transactions under the plan from being executed .", "certain of our officers have advised us that they have and may enter into stock sales plans for the sale of shares of our class a common stock which are intended to comply with the requirements of rule 10b5-1 of the exchange act .", "in addition , the company has and may in the future enter into repurchases of our class a common stock under a plan that complies with rule 10b5-1 or rule 10b-18 of the exchange act .", "equity compensation plan information the information in the following table is presented as of december 31 , 2017 with respect to shares of our class a common stock that may be issued under our lti plan which has been approved by our stockholders ( in millions , except per share prices ) .", "equity compensation plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in the first column ) ." ]

[ "." ]

[ [ "Equity Compensation PlanCategory", "Number ofSecurities to beIssued UponExercise ofOutstandingOptions, Warrantsand Rights", "Weighted AverageExercise Price ofOutstandingOptions, Warrantsand Rights", "Number of SecuritiesRemaining Availablefor Future IssuanceUnder EquityCompensation Plans(excluding securitiesreflected in the firstcolumn)" ], [ "Stockholder-approved plans", "1.6", "$36.61", "53.7" ], [ "Nonstockholder-approved plans", "—", "—", "—" ], [ "Total", "1.6", "$36.61", "53.7" ] ]

[ [ "equity compensation plancategory", "number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights", "weighted averageexercise price ofoutstandingoptions warrantsand rights", "number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn )" ], [ "stockholder-approved plans", "1.6", "$ 36.61", "53.7" ], [ "nonstockholder-approved plans", "2014", "2014", "2014" ], [ "total", "1.6", "$ 36.61", "53.7" ] ]

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[ "reporting unit 2019s related goodwill assets .", "in 2013 , we recorded a non-cash goodwill impairment charge of $ 195 million , net of state tax benefits .", "see 201ccritical accounting policies - goodwill 201d in management 2019s discussion and analysis of financial condition and results of operations and 201cnote 1 2013 significant accounting policies 201d for more information on this impairment charge .", "changes in u.s .", "or foreign tax laws , including possibly with retroactive effect , and audits by tax authorities could result in unanticipated increases in our tax expense and affect profitability and cash flows .", "for example , proposals to lower the u.s .", "corporate income tax rate would require us to reduce our net deferred tax assets upon enactment of the related tax legislation , with a corresponding material , one-time increase to income tax expense , but our income tax expense and payments would be materially reduced in subsequent years .", "actual financial results could differ from our judgments and estimates .", "refer to 201ccritical accounting policies 201d in management 2019s discussion and analysis of financial condition and results of operations , and 201cnote 1 2013 significant accounting policies 201d of our consolidated financial statements for a complete discussion of our significant accounting policies and use of estimates .", "item 1b .", "unresolved staff comments .", "item 2 .", "properties .", "at december 31 , 2013 , we owned or leased building space ( including offices , manufacturing plants , warehouses , service centers , laboratories , and other facilities ) at 518 locations primarily in the u.s .", "additionally , we manage or occupy various u.s .", "government-owned facilities under lease and other arrangements .", "at december 31 , 2013 , we had significant operations in the following locations : 2022 aeronautics 2013 palmdale , california ; marietta , georgia ; greenville , south carolina ; fort worth and san antonio , texas ; and montreal , canada .", "2022 information systems & global solutions 2013 goodyear , arizona ; sunnyvale , california ; colorado springs and denver , colorado ; gaithersburg and rockville , maryland ; valley forge , pennsylvania ; and houston , texas .", "2022 missiles and fire control 2013 camden , arkansas ; orlando , florida ; lexington , kentucky ; and grand prairie , texas .", "2022 mission systems and training 2013 orlando , florida ; baltimore , maryland ; moorestown/mt .", "laurel , new jersey ; owego and syracuse , new york ; akron , ohio ; and manassas , virginia .", "2022 space systems 2013 huntsville , alabama ; sunnyvale , california ; denver , colorado ; albuquerque , new mexico ; and newtown , pennsylvania .", "2022 corporate activities 2013 lakeland , florida and bethesda , maryland .", "in november 2013 , we committed to a plan to vacate our leased facilities in goodyear , arizona and akron , ohio , and close our owned facility in newtown , pennsylvania and certain owned buildings at our sunnyvale , california facility .", "we expect these closures , which include approximately 2.5 million square feet of facility space , will be substantially complete by the middle of 2015 .", "for information regarding these matters , see 201cnote 2 2013 restructuring charges 201d of our consolidated financial statements .", "the following is a summary of our square feet of floor space by business segment at december 31 , 2013 , inclusive of the facilities that we plan to vacate as mentioned above ( in millions ) : owned leased u.s .", "government- owned total ." ]

[ "we believe our facilities are in good condition and adequate for their current use .", "we may improve , replace , or reduce facilities as considered appropriate to meet the needs of our operations. ." ]

[ [ "", "Owned", "Leased", "U.S. Government- Owned", "Total" ], [ "Aeronautics", "5.8", "2.7", "14.2", "22.7" ], [ "Information Systems & Global Solutions", "2.5", "5.7", "—", "8.2" ], [ "Missiles and Fire Control", "4.2", "5.1", "1.3", "10.6" ], [ "Mission Systems and Training", "5.8", "5.3", "0.4", "11.5" ], [ "Space Systems", "8.5", "1.6", "7.9", "18.0" ], [ "Corporate activities", "3.0", "0.9", "—", "3.9" ], [ "Total", "29.8", "21.3", "23.8", "74.9" ] ]

[ [ "", "owned", "leased", "u.s . government- owned", "total" ], [ "aeronautics", "5.8", "2.7", "14.2", "22.7" ], [ "information systems & global solutions", "2.5", "5.7", "2014", "8.2" ], [ "missiles and fire control", "4.2", "5.1", "1.3", "10.6" ], [ "mission systems and training", "5.8", "5.3", "0.4", "11.5" ], [ "space systems", "8.5", "1.6", "7.9", "18.0" ], [ "corporate activities", "3.0", "0.9", "2014", "3.9" ], [ "total", "29.8", "21.3", "23.8", "74.9" ] ]

[]

[ "page 74 notes to five year summary ( a ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) .", "( b ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) .", "also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) .", "these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) .", "( c ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) .", "( d ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) .", "in 2002 , the corporation adopted fas 142 which prohibits the amortization of goodwill .", "( e ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 973 million , $ 651 million after tax ( $ 1.50 per share ) .", "also includes a gain from the disposal of a business and charges for the corporation 2019s exit from its global telecommunications services business which is included in discontinued operations and which , on a combined basis , increased the net loss by $ 1 billion ( $ 2.38 per share ) .", "( f ) the corporation defines return on invested capital ( roic ) as net income plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back the minimum pension liability .", "the adjustment to add back the minimum pension liability is a revision to our calculation in 2005 , which the corporation believes more closely links roic to management performance .", "further , the corporation believes that reporting roic provides investors with greater visibility into how effectively lockheed martin uses the capital invested in its operations .", "the corporation uses roic to evaluate multi-year investment decisions and as a long-term performance measure , and also uses roic as a factor in evaluating management performance under certain incentive compensation plans .", "roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner .", "roic should not be considered in isola- tion or as an alternative to net earnings as an indicator of performance .", "the following calculations of roic reflect the revision to the calculation discussed above for all periods presented .", "( in millions ) 2005 2004 2003 2002 2001 ." ]

[ "1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) .", "2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) .", "3 equity includes non-cash adjustments for other comprehensive losses , primarily for the additional minimum pension liability .", "4 minimum pension liability values reflect the cumulative value of entries identified in our statement of stockholders equity under the caption 201cminimum pension liability . 201d the annual minimum pension liability adjustments to equity were : 2001 = ( $ 33 million ) ; 2002 = ( $ 1537 million ) ; 2003 = $ 331 million ; 2004 = ( $ 285 million ) ; 2005 = ( $ 105 million ) .", "as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the cur- rent year entry value .", "5 yearly averages are calculated using balances at the start of the year and at the end of each quarter .", "lockheed martin corporation ." ]

[ [ "<i>(In millions)</i>", "2005", "2004", "2003", "2002", "2001" ], [ "Net earnings", "$1,825", "$1,266", "$1,053", "$500", "$(1,046)" ], [ "Interest expense (multiplied by 65%)¹", "241", "276", "317", "378", "455" ], [ "Return", "$2,066", "$1,542", "$1,370", "$878", "$(591)" ], [ "Average debt^{2, 5}", "$5,077", "$5,932", "$6,612", "$7,491", "$8,782" ], [ "Average equity^{3, 5}", "7,590", "7,015", "6,170", "6,853", "7,221" ], [ "Average minimum pension liability^{3, 4, 5}", "1,545", "1,296", "1,504", "341", "6" ], [ "Average invested capital", "$14,212", "$14,243", "$14,286", "$14,685", "$16,009" ], [ "Return on invested capital", "14.5%", "10.8%", "9.6%", "6.0%", "(3.7)%" ] ]

[ [ "( in millions )", "2005", "2004", "2003", "2002", "2001" ], [ "net earnings", "$ 1825", "$ 1266", "$ 1053", "$ 500", "$ -1046 ( 1046 )" ], [ "interest expense ( multiplied by 65% ( 65 % ) ) 1", "241", "276", "317", "378", "455" ], [ "return", "$ 2066", "$ 1542", "$ 1370", "$ 878", "$ -591 ( 591 )" ], [ "average debt2 5", "$ 5077", "$ 5932", "$ 6612", "$ 7491", "$ 8782" ], [ "average equity3 5", "7590", "7015", "6170", "6853", "7221" ], [ "average minimum pension liability3 4 5", "1545", "1296", "1504", "341", "6" ], [ "average invested capital", "$ 14212", "$ 14243", "$ 14286", "$ 14685", "$ 16009" ], [ "return on invested capital", "14.5% ( 14.5 % )", "10.8% ( 10.8 % )", "9.6% ( 9.6 % )", "6.0% ( 6.0 % )", "( 3.7 ) % ( % )" ] ]

[ { "arg1": "173", "arg2": "113", "op": "minus2-1", "res": "60" }, { "arg1": "#0", "arg2": "173", "op": "divide2-2", "res": "34.7%" } ]

[ "amount of commitment expiration per period other commercial commitments after millions total 2012 2013 2014 2015 2016 2016 ." ]

[ "[a] none of the credit facility was used as of december 31 , 2011 .", "[b] $ 100 million of the receivables securitization facility was utilized at december 31 , 2011 , which is accounted for as debt .", "the full program matures in august 2012 .", "[c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations .", "[d] none of the letters of credit were drawn upon as of december 31 , 2011 .", "off-balance sheet arrangements guarantees 2013 at december 31 , 2011 , we were contingently liable for $ 325 million in guarantees .", "we have recorded a liability of $ 3 million for the fair value of these obligations as of december 31 , 2011 and 2010 .", "we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations .", "the final guarantee expires in 2022 .", "we are not aware of any existing event of default that would require us to satisfy these guarantees .", "we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .", "other matters labor agreements 2013 in january 2010 , the nation 2019s largest freight railroads began the current round of negotiations with the labor unions .", "generally , contract negotiations with the various unions take place over an extended period of time .", "this round of negotiations was no exception .", "in september 2011 , the rail industry reached agreements with the united transportation union .", "on november 5 , 2011 , a presidential emergency board ( peb ) appointed by president obama issued recommendations to resolve the disputes between the u.s .", "railroads and 11 unions that had not yet reached agreements .", "since then , ten unions reached agreements with the railroads , all of them generally patterned on the recommendations of the peb , and the unions subsequently ratified these agreements .", "the railroad industry reached a tentative agreement with the brotherhood of maintenance of way employees ( bmwe ) on february 2 , 2012 , eliminating the immediate threat of a national rail strike .", "the bmwe now will commence ratification of this tentative agreement by its members .", "inflation 2013 long periods of inflation significantly increase asset replacement costs for capital-intensive companies .", "as a result , assuming that we replace all operating assets at current price levels , depreciation charges ( on an inflation-adjusted basis ) would be substantially greater than historically reported amounts .", "derivative financial instruments 2013 we may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices .", "we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes .", "derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period .", "we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .", "changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings .", "we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable price movements. ." ]

[ [ "", "", "<i>Amount of Commitment Expiration per Period</i>" ], [ "<i>Other Commercial Commitments</i><i>Millions</i>", "<i>Total</i>", "<i>2012</i>", "<i>2013</i>", "<i>2014</i>", "<i>2015</i>", "<i>2016</i>", "<i>After 2016</i>" ], [ "Credit facilities [a]", "$1,800", "$-", "$-", "$-", "$1,800", "$-", "$-" ], [ "Receivables securitization facility [b]", "600", "600", "-", "-", "-", "-", "-" ], [ "Guarantees [c]", "325", "18", "8", "214", "12", "13", "60" ], [ "Standby letters of credit [d]", "24", "24", "-", "-", "-", "-", "-" ], [ "Total commercialcommitments", "$2,749", "$642", "$8", "$214", "$1,812", "$13", "$60" ] ]

[ [ "other commercial commitmentsmillions", "total", "amount of commitment expiration per period 2012", "amount of commitment expiration per period 2013", "amount of commitment expiration per period 2014", "amount of commitment expiration per period 2015", "amount of commitment expiration per period 2016", "amount of commitment expiration per period after 2016" ], [ "credit facilities [a]", "$ 1800", "$ -", "$ -", "$ -", "$ 1800", "$ -", "$ -" ], [ "receivables securitization facility [b]", "600", "600", "-", "-", "-", "-", "-" ], [ "guarantees [c]", "325", "18", "8", "214", "12", "13", "60" ], [ "standby letters of credit [d]", "24", "24", "-", "-", "-", "-", "-" ], [ "total commercialcommitments", "$ 2749", "$ 642", "$ 8", "$ 214", "$ 1812", "$ 13", "$ 60" ] ]

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[ "pre-construction costs , interim dam safety measures and environmental costs and construction costs .", "the authorized costs were being recovered via a surcharge over a twenty-year period which began in october 2012 .", "the unrecovered balance of project costs incurred , including cost of capital , net of surcharges totaled $ 85 million and $ 89 million as of december 31 , 2018 and 2017 , respectively .", "surcharges collected were $ 8 million and $ 7 million for the years ended december 31 , 2018 and 2017 , respectively .", "pursuant to the general rate case approved in december 2018 , approval was granted to reset the twenty-year amortization period to begin january 1 , 2018 and to establish an annual revenue requirement of $ 8 million to be recovered through base rates .", "debt expense is amortized over the lives of the respective issues .", "call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates .", "purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s utility subsidiary in california during 2002 , and acquisitions in 2007 by the company 2019s utility subsidiary in new jersey .", "as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization on the consolidated statements of operations through november 2048 .", "tank painting costs are generally deferred and amortized to operations and maintenance expense on the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service .", "as a result of the prepayment by american water capital corp. , the company 2019s wholly owned finance subsidiary ( 201cawcc 201d ) , of the 5.62% ( 5.62 % ) series c senior notes due upon maturity on december 21 , 2018 ( the 201cseries c notes 201d ) , 5.62% ( 5.62 % ) series e senior notes due march 29 , 2019 ( the 201cseries e notes 201d ) and 5.77% ( 5.77 % ) series f senior notes due december 21 , 2022 ( the 201cseries f notes , 201d and together with the series e notes , the 201cseries notes 201d ) , a make-whole premium of $ 10 million was paid to the holders of the series notes on september 11 , 2018 .", "substantially all of these early debt extinguishment costs were allocable to the company 2019s utility subsidiaries and recorded as regulatory assets , as the company believes they are probable of recovery in future rates .", "other regulatory assets include certain construction costs for treatment facilities , property tax stabilization , employee-related costs , deferred other postretirement benefit expense , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others .", "these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods .", "regulatory liabilities regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process .", "also , if costs expected to be incurred in the future are currently being recovered through rates , the company records those expected future costs as regulatory liabilities .", "the following table provides the composition of regulatory liabilities as of december 31: ." ]

[ "." ]

[ [ "", "2018", "2017" ], [ "Income taxes recovered through rates", "$1,279", "$1,242" ], [ "Removal costs recovered through rates", "309", "315" ], [ "Postretirement benefit liability", "209", "33" ], [ "Pension and other postretirement benefit balancing accounts", "46", "48" ], [ "TCJA reserve on revenue", "36", "—" ], [ "Other", "28", "26" ], [ "Total regulatory liabilities", "$1,907", "$1,664" ] ]

[ [ "", "2018", "2017" ], [ "income taxes recovered through rates", "$ 1279", "$ 1242" ], [ "removal costs recovered through rates", "309", "315" ], [ "postretirement benefit liability", "209", "33" ], [ "pension and other postretirement benefit balancing accounts", "46", "48" ], [ "tcja reserve on revenue", "36", "2014" ], [ "other", "28", "26" ], [ "total regulatory liabilities", "$ 1907", "$ 1664" ] ]

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