Datasets:

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MehdiHosseiniMoghadam

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ConvFinQA

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[ "disclosure of , the issuance of certain types of guarantees .", "the adoption of fasb interpretation no .", "45 did not have a signif- icant impact on the net income or equity of the company .", "in january 2003 , fasb interpretation no .", "46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued .", "the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights .", "the company has completed an analysis of this interpretation and has determined that it does not have any vies .", "4 .", "acquisitions family health plan , inc .", "effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc .", "of certain medicaid-related assets for a purchase price of approximately $ 6800 .", "the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values .", "hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 .", "the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit .", "group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) .", "the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 .", "the company paid $ 1800 for its purchase of gpa .", "the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized .", "the preliminary allocation has resulted in goodwill of approximately $ 3895 .", "the goodwill is not amortized and is not deductible for tax purposes .", "pro forma disclosures related to the acquisition have been excluded as immaterial .", "scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company .", "the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit .", "the investor group who held membership interests in scriptassist included one of the company 2019s executive officers .", "university health plans , inc .", "on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc .", "( uhp ) in new jersey .", "in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock .", "centene paid a total purchase price of $ 13258 .", "the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 .", "the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network .", "the intangibles are being amortized over a ten-year period .", "goodwill of $ 7940 is not amortized and is not deductible for tax purposes .", "changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities .", "the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 .", "these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. ." ]

[ "diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas .", "the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit .", "bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 .", "the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value .", "centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries ." ]

[ [ "", "2002", "2001" ], [ "Revenue", "$567,048", "$395,155" ], [ "Net earnings", "25,869", "11,573" ], [ "Diluted earnings per common share", "1.48", "1.00" ] ]

[ [ "", "2002", "2001" ], [ "revenue", "$ 567048", "$ 395155" ], [ "net earnings", "25869", "11573" ], [ "diluted earnings per common share", "1.48", "1.00" ] ]

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[ "issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2007 .", "period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) maximum number of shares that may yet be purchased under the program ( b ) ." ]

[ "( a ) we repurchased a total of 2957300 shares of our common stock during the quarter ended december 31 , 2007 under a share repurchase program that we announced in october 2002 .", "( b ) our board of directors has approved a share repurchase program for the repurchase of up to 128 million shares of our common stock from time-to-time , including 20 million shares approved for repurchase by our board of directors in september 2007 .", "under the program , management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases , in compliance with applicable law and regulation .", "as of december 31 , 2007 , we had repurchased a total of 95.3 million shares under the program .", "in 2007 , we did not make any unregistered sales of equity securities. ." ]

[ [ "<i>Period</i>", "<i>Total Number of</i><i>Shares Purchased</i>", "<i>Average Price</i><i>Paid Per</i><i>Share</i>", "<i>Total Number of Shares</i><i>Purchased as Part of</i><i>PubliclyAnnounced</i><i>Program^(a)</i>", "<i>Maximum Number of</i><i>Shares That May Yet Be</i><i>Purchased Under the</i><i>Program^(b)</i>" ], [ "October", "127,100", "$108.58", "127,100", "35,573,131" ], [ "November", "1,504,300", "109.07", "1,504,300", "34,068,831" ], [ "December", "1,325,900", "108.78", "1,325,900", "32,742,931" ] ]

[ [ "period", "total number ofshares purchased", "average pricepaid pershare", "total number of sharespurchased as part ofpubliclyannouncedprogram ( a )", "maximum number ofshares that may yet bepurchased under theprogram ( b )" ], [ "october", "127100", "$ 108.58", "127100", "35573131" ], [ "november", "1504300", "109.07", "1504300", "34068831" ], [ "december", "1325900", "108.78", "1325900", "32742931" ] ]

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[ "holders of grupo gondi manage the joint venture and we provide technical and commercial resources .", "we believe the joint venture is helping us to grow our presence in the attractive mexican market .", "we have included the financial results of the joint venture in our corrugated packaging segment since the date of formation .", "we are accounting for the investment on the equity method .", "on january 19 , 2016 , we completed the packaging acquisition .", "the entities acquired provide value-added folding carton and litho-laminated display packaging solutions .", "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 in our consumer packaging segment since the date of the acquisition .", "on october 1 , 2015 , we completed the sp fiber acquisition .", "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 green power solutions of georgia , llc ( fffdgps fffd ) , which we consolidate .", "gps is a joint venture providing steam to the dublin mill and electricity to georgia power .", "subsequent to the transaction , we announced the permanent closure of the newberg mill due to the decline in market conditions of the newsprint business and our need to balance supply and demand in our containerboard system .", "we have included the financial results of the acquired entities in our corrugated packaging segment since the date of the acquisition .", "see fffdnote 2 .", "mergers , acquisitions and investment fffdtt of the notes to consolidated financial statements for additional information .", "see also item 1a .", "fffdrisk factors fffd fffdwe may be unsuccessful in making and integrating mergers , acquisitions and investments and completing divestitures fffd .", "business ." ]

[ "in fiscal 2018 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win .", "we successfully executed this strategy in fiscal 2018 in a rapidly changing cost and price environment .", "net sales of $ 16285.1 million for fiscal 2018 increased $ 1425.4 million , or 9.6% ( 9.6 % ) , compared to fiscal 2017 .", "the increase was primarily a result of an increase in corrugated packaging segment sales , driven by higher selling price/mix and the contributions from acquisitions , and increased consumer packaging segment sales , primarily due to the contribution from acquisitions ( primarily the mps acquisition ) .", "these increases were partially offset by the absence of net sales from hh&b in fiscal 2018 due to the sale of hh&b in april 2017 and lower land and development segment sales compared to the prior year period due to the timing of real estate sales as we monetize the portfolio and lower merchandising display sales in the consumer packaging segment .", "segment income increased $ 491.5 million in fiscal 2018 compared to fiscal 2017 , primarily due to increased corrugated packaging segment income .", "with respect to segment income , we experienced higher levels of cost inflation during fiscal 2018 as compared to fiscal 2017 , which was partially offset by recycled fiber deflation .", "the primary inflationary items were freight costs , chemical costs , virgin fiber costs and wage and other costs .", "productivity improvements in fiscal 2018 more than offset the net impact of cost inflation .", "while it is difficult to predict specific inflationary items , we expect higher cost inflation to continue through fiscal 2019 .", "our corrugated packaging segment increased its net sales by $ 695.1 million in fiscal 2018 to $ 9103.4 million from $ 8408.3 million in fiscal 2017 .", "the increase in net sales was primarily due to higher corrugated selling price/mix and higher corrugated volumes ( including acquisitions ) , which were partially offset by lower net sales from recycling operations due to lower recycled fiber costs , lower sales related to the deconsolidation of a foreign joint venture in fiscal 2017 and the impact of foreign currency .", "north american box shipments increased 4.1% ( 4.1 % ) on a per day basis in fiscal 2018 compared to fiscal 2017 .", "segment income attributable to the corrugated packaging segment in fiscal 2018 increased $ 454.0 million to $ 1207.9 million compared to $ 753.9 million in fiscal 2017 .", "the increase was primarily due to higher selling price/mix , lower recycled fiber costs and productivity improvements which were partially offset by higher levels of cost inflation and other items , including increased depreciation and amortization .", "our consumer packaging segment increased its net sales by $ 838.9 million in fiscal 2018 to $ 7291.4 million from $ 6452.5 million in fiscal 2017 .", "the increase in net sales was primarily due to an increase in net sales from acquisitions ( primarily the mps acquisition ) and higher selling price/mix partially offset by the absence of net sales from hh&b in fiscal 2018 due to the hh&b sale in april 2017 and lower volumes .", "segment income attributable to ." ]

[ [ "", "Year Ended September 30," ], [ "(In millions)", "2018", "2017", "2016" ], [ "Net sales", "$16,285.1", "$14,859.7", "$14,171.8" ], [ "Segment income", "$1,685.0", "$1,193.5", "$1,226.2" ] ]

[ [ "( in millions )", "year ended september 30 , 2018", "year ended september 30 , 2017", "year ended september 30 , 2016" ], [ "net sales", "$ 16285.1", "$ 14859.7", "$ 14171.8" ], [ "segment income", "$ 1685.0", "$ 1193.5", "$ 1226.2" ] ]

[]

[ "adobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review .", "we completed our annual impairment test in the second quarter of fiscal 2014 .", "we elected to use the step 1 quantitative assessment for our reporting units and determined that there was no impairment of goodwill .", "there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test .", "we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists .", "we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable .", "when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows .", "if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets .", "we did not recognize any intangible asset impairment charges in fiscal 2014 , 2013 or 2012 .", "our intangible assets are amortized over their estimated useful lives of 1 to 14 years .", "amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent .", "the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) ." ]

[ "software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate .", "amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed .", "to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material .", "internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage .", "such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications .", "capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose .", "income taxes we use the asset and liability method of accounting for income taxes .", "under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year .", "in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards .", "we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not .", "taxes collected from customers we net taxes collected from customers against those remitted to government authorities in our financial statements .", "accordingly , taxes collected from customers are not reported as revenue. ." ]

[ [ "", "Weighted AverageUseful Life (years)" ], [ "Purchased technology", "6" ], [ "Customer contracts and relationships", "10" ], [ "Trademarks", "8" ], [ "Acquired rights to use technology", "8" ], [ "Localization", "1" ], [ "Other intangibles", "3" ] ]

[ [ "", "weighted averageuseful life ( years )" ], [ "purchased technology", "6" ], [ "customer contracts and relationships", "10" ], [ "trademarks", "8" ], [ "acquired rights to use technology", "8" ], [ "localization", "1" ], [ "other intangibles", "3" ] ]

[]

[ "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) the following is a schedule of future minimum rental payments required under long-term operating leases at october 31 , operating fiscal years 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 $ 26.3 million in fiscal 2015 , $ 24.1 million in fiscal 2014 and $ 23.1 million in fiscal 2013 .", "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 , excluding settlement charges related to the company's irish defined benefit plan , was $ 33.3 million in fiscal 2015 , $ 29.8 million in fiscal 2014 and $ 26.5 million in fiscal 2013 .", "non-u.s .", "plan disclosures during fiscal 2015 , the company converted the benefits provided to participants in the company 2019s irish defined benefits pension plan ( the db plan ) to benefits provided under the company 2019s irish defined contribution plan .", "as a result , in fiscal 2015 the company recorded expenses of $ 223.7 million , including settlement charges , legal , accounting and other professional fees to settle the pension obligation .", "the assets related to the db plan were liquidated and used to purchase annuities for retirees and distributed to active and deferred members' accounts in the company's irish defined contribution plan in connection with the plan conversion .", "accordingly , plan assets for the db plan were zero as of the end of fiscal 2015 .", "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 31 , 2015 and november 1 , 2014 .", "components of net periodic benefit cost net annual periodic pension cost of non-u.s .", "plans is presented in the following table: ." ]

[ [ "Fiscal Years", "Operating Leases" ], [ "2016", "$21,780" ], [ "2017", "16,305" ], [ "2018", "8,670" ], [ "2019", "4,172" ], [ "2020", "3,298" ], [ "Later Years", "5,263" ], [ "Total", "$59,488" ] ]

[ [ "fiscal years", "operating leases" ], [ "2016", "$ 21780" ], [ "2017", "16305" ], [ "2018", "8670" ], [ "2019", "4172" ], [ "2020", "3298" ], [ "later years", "5263" ], [ "total", "$ 59488" ] ]

[]

[ "pricing the loans .", "when available , valuation assumptions included observable inputs based on whole loan sales .", "adjustments are made to these assumptions to account for situations when uncertainties exist , including market conditions and liquidity .", "credit risk is included as part of our valuation process for these loans by considering expected rates of return for market participants for similar loans in the marketplace .", "based on the significance of unobservable inputs , we classify this portfolio as level 3 .", "equity investments the valuation of direct and indirect private equity investments requires significant management judgment due to the absence of quoted market prices , inherent lack of liquidity and the long-term nature of such investments .", "the carrying values of direct and affiliated partnership interests reflect the expected exit price and are based on various techniques including publicly traded price , multiples of adjusted earnings of the entity , independent appraisals , anticipated financing and sale transactions with third parties , or the pricing used to value the entity in a recent financing transaction .", "in september 2009 , the fasb issued asu 2009-12 2013 fair value measurements and disclosures ( topic 820 ) 2013 investments in certain entities that calculate net asset value per share ( or its equivalent ) .", "based on the guidance , we value indirect investments in private equity funds based on net asset value as provided in the financial statements that we receive from their managers .", "due to the time lag in our receipt of the financial information and based on a review of investments and valuation techniques applied , adjustments to the manager-provided value are made when available recent portfolio company information or market information indicates a significant change in value from that provided by the manager of the fund .", "these investments are classified as level 3 .", "customer resale agreements we account for structured resale agreements , which are economically hedged using free-standing financial derivatives , at fair value .", "the fair value for structured resale agreements is determined using a model which includes observable market data such as interest rates as inputs .", "readily observable market inputs to this model can be validated to external sources , including yield curves , implied volatility or other market-related data .", "these instruments are classified as level 2 .", "blackrock series c preferred stock effective february 27 , 2009 , we elected to account for the approximately 2.9 million shares of the blackrock series c preferred stock received in a stock exchange with blackrock at fair value .", "the series c preferred stock economically hedges the blackrock ltip liability that is accounted for as a derivative .", "the fair value of the series c preferred stock is determined using a third-party modeling approach , which includes both observable and unobservable inputs .", "this approach considers expectations of a default/liquidation event and the use of liquidity discounts based on our inability to sell the security at a fair , open market price in a timely manner .", "due to the significance of unobservable inputs , this security is classified as level 3 .", "level 3 assets and liabilities financial instruments are considered level 3 when their values are determined using pricing models , discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable .", "level 3 assets and liabilities dollars in millions level 3 assets level 3 liabilities % ( % ) of total assets at fair value % ( % ) of total liabilities at fair value consolidated assets consolidated liabilities ." ]

[ "during 2009 , securities transferred into level 3 from level 2 exceeded securities transferred out by $ 4.4 billion .", "total securities measured at fair value and classified in level 3 at december 31 , 2009 and december 31 , 2008 included securities available for sale and trading securities consisting primarily of non-agency residential mortgage-backed securities and asset- backed securities where management determined that the volume and level of activity for these assets had significantly decreased .", "there have been no recent new 201cprivate label 201d issues in the residential mortgage-backed securities market .", "the lack of relevant market activity for these securities resulted in management modifying its valuation methodology for the instruments transferred in 2009 .", "other level 3 assets include certain commercial mortgage loans held for sale , certain equity securities , auction rate securities , corporate debt securities , private equity investments , residential mortgage servicing rights and other assets. ." ]

[ [ "Dollars in millions", "Total Level 3 Assets", "Total Level 3 Liabilities", "% of Total Assets at Fair Value", "% of Total Liabilities at Fair Value", "% of Consolidated Assets", "% of Consolidated Liabilities", "" ], [ "December 31, 2009", "$14,151", "$295", "22%", "6%", "5%", "< 1", "%" ], [ "December 31, 2008", "7,012", "22", "19%", "< 1%", "2%", "< 1%", "" ] ]

[ [ "dollars in millions", "total level 3 assets", "total level 3 liabilities", "% ( % ) of total assets at fair value", "% ( % ) of total liabilities at fair value", "% ( % ) of consolidated assets", "% ( % ) of consolidated liabilities", "" ], [ "december 31 2009", "$ 14151", "$ 295", "22% ( 22 % )", "6% ( 6 % )", "5% ( 5 % )", "< 1", "% ( % )" ], [ "december 31 2008", "7012", "22", "19% ( 19 % )", "< 1% ( 1 % )", "2% ( 2 % )", "< 1% ( 1 % )", "" ] ]

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[ "expected durations of less than one year .", "the company generally offers a twelve-month warranty for its products .", "the company 2019s warranty policy provides for replacement of defective products .", "specific accruals are recorded forff known product warranty issues .", "transaction price : the transaction price reflects the company 2019s expectations about the consideration it will be entitled to receive from the customer and may include fixed or variable amounts .", "fixed consideration primarily includes sales to direct customers and sales to distributors in which both the sale to the distributor and the sale to the end customer occur within the same reporting period .", "variable consideration includes sales in which the amount of consideration that the company will receive is unknown as of the end of a reporting period .", "such consideration primarily includes credits issued to the distributor due to price protection and sales made to distributors under agreements that allow certain rights of return , referred to as stock rotation .", "price protection represents price discounts granted to certain distributors to allow the distributor to earn an appropriate margin on sales negotiated with certain customers and in the event of a price decrease subsequent to the date the product was shipped and billed to the distributor .", "stock rotation allows distributors limited levels of returns in order to reduce the amounts of slow-moving , discontinued or obsolete product from their inventory .", "a liability for distributor credits covering variable consideration is made based on the company's estimate of historical experience rates as well as considering economic conditions and contractual terms .", "to date , actual distributor claims activity has been materially consistent with the provisions the company has made based on its historical estimates .", "for the years ended november 2 , 2019 and november 3 , 2018 , sales to distributors were $ 3.4 billion in both periods , net of variable consideration for which the liability balances as of november 2 , 2019 and november 3 , 2018 were $ 227.0 million and $ 144.9 million , respectively .", "contract balances : accounts receivable represents the company 2019s unconditional right to receive consideration from its customers .", "payments are typically due within 30 to 45 days of invoicing and do not include a significant financing component .", "to date , there have been no material impairment losses on accounts receivable .", "there were no material contract assets or contract liabilities recorded on the consolidated balance sheets in any of the periods presented .", "the company generally warrants that products will meet their published specifications and that the company will repair or replace defective products for twelve-months from the date title passes to the customer .", "specific accruals are recorded for known product warranty issues .", "product warranty expenses during fiscal 2019 , fiscal 2018 and fiscal 2017 were not material .", "o .", "accumulated other compcc rehensive ( loss ) income accumulated other comprehensive ( loss ) income ( aoci ) includes certain transactions that have generally been reported in the consolidated statement of shareholders 2019 equity .", "the components of aoci at november 2 , 2019 and november 3 , 2018 consisted of the following , net of tax : foreign currency translation adjustment unrealized holding gains ( losses ) on available for sale securities unrealized holding ( losses ) on derivatives pension plans total ." ]

[ "november 2 , 2019 $ ( 30076 ) $ 2014 $ ( 118015 ) $ ( 39708 ) $ ( 187799 ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "", "Foreign currency translation adjustment", "Unrealized holding gains (losses) on available for sale securities", "Unrealized holding gains (losses) on derivatives", "Pension plans", "Total" ], [ "November 3, 2018", "$(28,711)", "$(10)", "$(14,355)", "$(15,364)", "$(58,440)" ], [ "Other comprehensive (loss) income before reclassifications", "(1,365)", "10", "(140,728)", "(31,082)", "(173,165)" ], [ "Amounts reclassified out of other comprehensive loss", "—", "—", "9,185", "1,004", "10,189" ], [ "Tax effects", "—", "—", "27,883", "5,734", "33,617" ], [ "Other comprehensive (loss) income", "(1,365)", "10", "(103,660)", "(24,344)", "(129,359)" ], [ "November 2, 2019", "$(30,076)", "$—", "$(118,015)", "$(39,708)", "$(187,799)" ] ]

[ [ "", "foreign currency translation adjustment", "unrealized holding gains ( losses ) on available for sale securities", "unrealized holding gains ( losses ) on derivatives", "pension plans", "total" ], [ "november 3 2018", "$ -28711 ( 28711 )", "$ -10 ( 10 )", "$ -14355 ( 14355 )", "$ -15364 ( 15364 )", "$ -58440 ( 58440 )" ], [ "other comprehensive ( loss ) income before reclassifications", "-1365 ( 1365 )", "10", "-140728 ( 140728 )", "-31082 ( 31082 )", "-173165 ( 173165 )" ], [ "amounts reclassified out of other comprehensive loss", "2014", "2014", "9185", "1004", "10189" ], [ "tax effects", "2014", "2014", "27883", "5734", "33617" ], [ "other comprehensive ( loss ) income", "-1365 ( 1365 )", "10", "-103660 ( 103660 )", "-24344 ( 24344 )", "-129359 ( 129359 )" ], [ "november 2 2019", "$ -30076 ( 30076 )", "$ 2014", "$ -118015 ( 118015 )", "$ -39708 ( 39708 )", "$ -187799 ( 187799 )" ] ]

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[ "liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .", "cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .", "higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .", "cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .", "operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .", "see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .", "we believe operating working capital represents the key components of working capital under the operating control of our businesses .", "operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .", "a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .", "( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .", "this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .", "trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .", "days sales outstanding was 66 days in 2011 , level with 2010 .", "inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .", "inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .", "total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .", "spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .", "capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .", "capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .", "we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .", "in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .", "the cost of these acquisitions , including assumed debt , was $ 193 million .", "dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .", "ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .", "we did not have a mandatory contribution to our u.s .", "defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .", "in 2010 and 2009 , we made voluntary contributions to our u.s .", "defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .", "we expect to make voluntary contributions to our u.s .", "defined benefit pension plans in 2012 of up to $ 60 million .", "contributions were made to our non-u.s .", "defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .", "we expect to make mandatory contributions to our non-u.s .", "plans in 2012 of approximately $ 90 million .", "the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .", "we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .", "the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .", "we can repurchase about 9 million shares under the current authorization from the board of directors .", "26 2011 ppg annual report and form 10-k ." ]

[ "liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .", "cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .", "higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .", "cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .", "operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .", "see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .", "we believe operating working capital represents the key components of working capital under the operating control of our businesses .", "operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .", "a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .", "( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .", "this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .", "trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .", "days sales outstanding was 66 days in 2011 , level with 2010 .", "inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .", "inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .", "total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .", "spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .", "capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .", "capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .", "we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .", "in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .", "the cost of these acquisitions , including assumed debt , was $ 193 million .", "dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .", "ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .", "we did not have a mandatory contribution to our u.s .", "defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .", "in 2010 and 2009 , we made voluntary contributions to our u.s .", "defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .", "we expect to make voluntary contributions to our u.s .", "defined benefit pension plans in 2012 of up to $ 60 million .", "contributions were made to our non-u.s .", "defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .", "we expect to make mandatory contributions to our non-u.s .", "plans in 2012 of approximately $ 90 million .", "the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .", "we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .", "the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .", "we can repurchase about 9 million shares under the current authorization from the board of directors .", "26 2011 ppg annual report and form 10-k ." ]

[ [ "<i>(Millions)</i>", "2011", "<i>2010</i>", "" ], [ "<i>Operating Working Capital</i>", "$2,739", "$2,595", "<i></i>" ], [ "<i>Operating Working Capital as % of Sales</i>", "19.5%", "19.2", "<i>%</i>" ] ]

[ [ "( millions )", "2011", "2010", "" ], [ "operating working capital", "$ 2739", "$ 2595", "" ], [ "operating working capital as % ( % ) of sales", "19.5% ( 19.5 % )", "19.2", "% ( % )" ] ]

[]

[ "critical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s .", "( gaap ) , are determined using best estimates and assumptions .", "while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented .", "we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 the valuation of our investment portfolio and assessment of other-than-temporary impairments ( otti ) ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill .", "we believe our accounting policies for these items are of critical importance to our consolidated financial statements .", "the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items .", "unpaid losses and loss expenses overview and key data as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers .", "the estimate of the liabilities includes provisions for claims that have been reported but are unpaid at the balance sheet date ( case reserves ) and for future obligations on claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional development on reported claims in instances where the case reserve is viewed to be potentially insufficient ) .", "loss reserves also include an estimate of expenses associated with processing and settling unpaid claims ( loss expenses ) .", "at december 31 , 2009 , our gross unpaid loss and loss expense reserves were $ 37.8 billion and our net unpaid loss and loss expense reserves were $ 25 billion .", "with the exception of certain structured settlements , for which the timing and amount of future claim pay- ments are reliably determinable , our loss reserves are not discounted for the time value of money .", "in connection with such structured settlements , we carry net reserves of $ 76 million , net of discount .", "the table below presents a roll-forward of our unpaid losses and loss expenses for the years ended december 31 , 2009 and 2008. ." ]

[ "( 1 ) net of provision for uncollectible reinsurance ." ]

[ [ "", "2009", "2008" ], [ "(in millions of U.S. dollars)", "Gross Losses", "Reinsurance Recoverable (1)", "Net Losses", "Gross Losses", "Reinsurance Recoverable (1)", "Net Losses" ], [ "Balance, beginning of year", "$37,176", "$12,935", "$24,241", "$37,112", "$13,520", "$23,592" ], [ "Losses and loss expenses incurred", "11,141", "3,719", "7,422", "10,944", "3,341", "7,603" ], [ "Losses and loss expenses paid", "(11,093)", "(4,145)", "(6,948)", "(9,899)", "(3,572)", "(6,327)" ], [ "Other (including foreign exchange revaluation)", "559", "236", "323", "(1,367)", "(387)", "(980)" ], [ "Losses and loss expenses acquired", "–", "–", "–", "386", "33", "353" ], [ "Balance, end of year", "$37,783", "$12,745", "$25,038", "$37,176", "$12,935", "$24,241" ] ]

[ [ "( in millions of u.s . dollars )", "2009 gross losses", "2009 reinsurance recoverable ( 1 )", "2009 net losses", "2009 gross losses", "2009 reinsurance recoverable ( 1 )", "net losses" ], [ "balance beginning of year", "$ 37176", "$ 12935", "$ 24241", "$ 37112", "$ 13520", "$ 23592" ], [ "losses and loss expenses incurred", "11141", "3719", "7422", "10944", "3341", "7603" ], [ "losses and loss expenses paid", "-11093 ( 11093 )", "-4145 ( 4145 )", "-6948 ( 6948 )", "-9899 ( 9899 )", "-3572 ( 3572 )", "-6327 ( 6327 )" ], [ "other ( including foreign exchange revaluation )", "559", "236", "323", "-1367 ( 1367 )", "-387 ( 387 )", "-980 ( 980 )" ], [ "losses and loss expenses acquired", "2013", "2013", "2013", "386", "33", "353" ], [ "balance end of year", "$ 37783", "$ 12745", "$ 25038", "$ 37176", "$ 12935", "$ 24241" ] ]

[ { "arg1": "25038", "arg2": "24241", "op": "minus2-1", "res": "797" }, { "arg1": "#0", "arg2": "24241", "op": "divide2-2", "res": "3.29%" } ]

[ "table of contents certain 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 dispatchers 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 2016 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2015 , a one cent per gallon increase in aviation fuel price would increase our 2016 annual fuel expense by $ 44 million .", "the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2015 and 2014 ( gallons and aircraft fuel expense in millions ) .", "year gallons average price per gallon aircraft fuel expense percent of total mainline operating expenses ." ]

[ "total fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american were $ 1.2 billion and $ 2.0 billion for the years ended december 31 , 2015 and 2014 , respectively .", "as of december 31 , 2015 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .", "as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .", "our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .", "fuel prices have fluctuated substantially over the past several years .", "we cannot predict the future availability , price volatility or cost of aircraft fuel .", "natural disasters , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .", "dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , additional fuel price volatility and cost increases in the future .", "see part i , item 1a .", "risk factors 2013 201cour business is dependent on the price and availability of aircraft fuel .", "continued periods of high volatility in fuel costs , increased fuel prices and significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d insurance we maintain insurance of the types that we believe are customary in the airline industry , including insurance for public liability , passenger liability , property damage , and all-risk coverage for damage to our aircraft .", "principal coverage includes liability for injury to members of the public , including passengers , damage to ." ]

[ [ "Year", "Gallons", "Average Price perGallon", "Aircraft Fuel Expense", "Percent of Total Mainline Operating Expenses" ], [ "2015", "3,611", "$1.72", "$6,226", "21.6%" ], [ "2014", "3,644", "2.91", "10,592", "33.2%" ] ]

[ [ "year", "gallons", "average price pergallon", "aircraft fuel expense", "percent of total mainline operating expenses" ], [ "2015", "3611", "$ 1.72", "$ 6226", "21.6% ( 21.6 % )" ], [ "2014", "3644", "2.91", "10592", "33.2% ( 33.2 % )" ] ]

[]

[ "stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . ." ]

[ "." ]

[ [ "", "December 31," ], [ "Company/Index", "2013", "2014", "2015", "2016", "2017", "2018" ], [ "O’Reilly Automotive, Inc.", "$100", "$150", "$197", "$216", "$187", "$268" ], [ "S&P 500 Retail Index", "100", "110", "137", "143", "184", "208" ], [ "S&P 500", "$100", "$111", "$111", "$121", "$145", "$136" ] ]

[ [ "company/index", "december 31 , 2013", "december 31 , 2014", "december 31 , 2015", "december 31 , 2016", "december 31 , 2017", "december 31 , 2018" ], [ "o 2019reilly automotive inc .", "$ 100", "$ 150", "$ 197", "$ 216", "$ 187", "$ 268" ], [ "s&p 500 retail index", "100", "110", "137", "143", "184", "208" ], [ "s&p 500", "$ 100", "$ 111", "$ 111", "$ 121", "$ 145", "$ 136" ] ]

[ { "arg1": "187", "arg2": "100", "op": "minus1-1", "res": "87" }, { "arg1": "#0", "arg2": "100", "op": "divide1-2", "res": "87%" } ]

[ "notes to consolidated financial statements the table below presents information regarding group inc . 2019s regulatory capital ratios and tier 1 leverage ratio under basel i , as implemented by the federal reserve board .", "the information as of december 2013 reflects the revised market risk regulatory capital requirements .", "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. ." ]

[ "revised capital framework the u.s .", "federal bank regulatory agencies ( agencies ) have approved revised risk-based capital and leverage ratio regulations establishing a new comprehensive capital framework for u.s .", "banking organizations ( revised capital framework ) .", "these regulations are largely based on the basel committee 2019s december 2010 final capital framework for strengthening international capital standards ( basel iii ) and also implement certain provisions of the dodd-frank act .", "under the revised capital framework , group inc .", "is an 201cadvanced approach 201d banking organization .", "below are the aspects of the rules that are most relevant to the firm , as an advanced approach banking organization .", "definition of capital and capital ratios .", "the revised capital framework introduced changes to the definition of regulatory capital , which , subject to transitional provisions , became effective across the firm 2019s regulatory capital and leverage ratios on january 1 , 2014 .", "these changes include the introduction of a new capital measure called common equity tier 1 ( cet1 ) , and the related regulatory capital ratio of cet1 to rwas ( cet1 ratio ) .", "in addition , the definition of tier 1 capital has been narrowed to include only cet1 and instruments such as perpetual non- cumulative preferred stock , which meet certain criteria .", "certain aspects of the revised requirements phase in over time .", "these include increases in the minimum capital ratio requirements and the introduction of new capital buffers and certain deductions from regulatory capital ( such as investments in nonconsolidated financial institutions ) .", "in addition , junior subordinated debt issued to trusts is being phased out of regulatory capital .", "the minimum cet1 ratio is 4.0% ( 4.0 % ) as of january 1 , 2014 and will increase to 4.5% ( 4.5 % ) on january 1 , 2015 .", "the minimum tier 1 capital ratio increased from 4.0% ( 4.0 % ) to 5.5% ( 5.5 % ) on january 1 , 2014 and will increase to 6.0% ( 6.0 % ) beginning january 1 , 2015 .", "the minimum total capital ratio remains unchanged at 8.0% ( 8.0 % ) .", "these minimum ratios will be supplemented by a new capital conservation buffer that phases in , beginning january 1 , 2016 , in increments of 0.625% ( 0.625 % ) per year until it reaches 2.5% ( 2.5 % ) on january 1 , 2019 .", "the revised capital framework also introduces a new counter-cyclical capital buffer , to be imposed in the event that national supervisors deem it necessary in order to counteract excessive credit growth .", "risk-weighted assets .", "in february 2014 , the federal reserve board informed us that we have completed a satisfactory 201cparallel run , 201d as required of advanced approach banking organizations under the revised capital framework , and therefore changes to rwas will take effect beginning with the second quarter of 2014 .", "accordingly , the calculation of rwas in future quarters will be based on the following methodologies : 2030 during the first quarter of 2014 2014 the basel i risk-based capital framework adjusted for certain items related to existing capital deductions and the phase-in of new capital deductions ( basel i adjusted ) ; 2030 during the remaining quarters of 2014 2014 the higher of rwas computed under the basel iii advanced approach or the basel i adjusted calculation ; and 2030 beginning in the first quarter of 2015 2014 the higher of rwas computed under the basel iii advanced or standardized approach .", "goldman sachs 2013 annual report 191 ." ]

[ [ "", "As of December" ], [ "<i>$ in millions</i>", "2013", "2012" ], [ "Tier 1 capital", "$ 72,471", "$ 66,977" ], [ "Tier 2 capital", "$ 13,632", "$ 13,429" ], [ "Total capital", "$ 86,103", "$ 80,406" ], [ "Risk-weighted assets", "$433,226", "$399,928" ], [ "Tier 1 capital ratio", "16.7%", "16.7%" ], [ "Total capital ratio", "19.9%", "20.1%" ], [ "Tier 1 leverage ratio", "8.1%", "7.3%" ] ]

[ [ "$ in millions", "as of december 2013", "as of december 2012" ], [ "tier 1 capital", "$ 72471", "$ 66977" ], [ "tier 2 capital", "$ 13632", "$ 13429" ], [ "total capital", "$ 86103", "$ 80406" ], [ "risk-weighted assets", "$ 433226", "$ 399928" ], [ "tier 1 capital ratio", "16.7% ( 16.7 % )", "16.7% ( 16.7 % )" ], [ "total capital ratio", "19.9% ( 19.9 % )", "20.1% ( 20.1 % )" ], [ "tier 1 leverage ratio", "8.1% ( 8.1 % )", "7.3% ( 7.3 % )" ] ]

[ { "arg1": "72471", "arg2": "66977", "op": "minus1-1", "res": "5494" }, { "arg1": "#0", "arg2": "66977", "op": "divide1-2", "res": "8%" } ]

[ "table of contents cdw corporation and subsidiaries 6 .", "goodwill and other intangible assets goodwill the changes in goodwill by reportable segment are as follows : ( in millions ) corporate business ( 2 ) public other ( 4 ) consolidated balance at december 31 , 2014 ( 1 ) $ 1045.9 $ 185.9 $ 911.3 $ 74.5 $ 2217.6 ." ]

[ "balances as of december 31 , 2017 ( 1 ) $ 1074.1 $ 185.9 $ 929.6 $ 290.0 $ 2479.6 ( 1 ) goodwill is net of accumulated impairment losses of $ 1571 million , $ 354 million and $ 28 million related to the corporate , public and other segments , respectively .", "( 2 ) amounts have been recast to present small business as its own operating and reportable segment .", "( 3 ) effective january 1 , 2016 , the cdw advanced services business is included in the company's corporate and public segments .", "( 4 ) other is comprised of canada and cdw uk operating segments .", "with the establishment of small business as its own reporting unit , the company performed a quantitative analysis in order to allocate goodwill between corporate and small business .", "based on the results of the quantitative analysis performed as of january 1 , 2017 , the company determined that the fair values of corporate and small business reporting units exceeded their carrying values by 227% ( 227 % ) and 308% ( 308 % ) , respectively , and no impairment existed .", "december 1 , 2017 impairment analysis the company completed its annual impairment analysis as of december 1 , 2017 .", "for the corporate , small business and uk reporting units , the company performed a qualitative analysis .", "the company determined that it was more-likely- than-not that the individual fair values of the corporate , small business and uk reporting units exceeded the respective carrying values and therefore a quantitative impairment analysis was deemed unnecessary .", "although uncertainty regarding the impact of the referendum on the uk 2019s membership of the european union ( 201ceu 201d ) , advising for the exit of the uk from the eu ( referred to as 201cbrexit 201d ) still exists in the current year , the company does not believe there to be any additional risk that would indicate the quantitative analysis performed in the prior year would have a different result .", "therefore , a qualitative analysis was deemed appropriate for the uk reporting unit .", "the company performed a quantitative analysis of the public and canada reporting units .", "based on the results of the quantitative analysis , the company determined that the fair value of the public and canada reporting units exceeded their carrying values by 179% ( 179 % ) and 153% ( 153 % ) , respectively , and no impairment existed .", "december 1 , 2016 impairment analysis the company completed its annual impairment analysis as of december 1 , 2016 .", "for the corporate ( which , as of december 1 , 2016 , included small business ) , public and canada reporting units , the company performed a qualitative analysis .", "the company determined that it was more-likely-than-not that the individual fair values of the corporate , public and canada reporting units exceeded the respective carrying values .", "as a result of this determination , the quantitative impairment analysis was deemed unnecessary .", "due to the substantial uncertainty regarding the impact of brexit , the company performed a quantitative analysis of the cdw uk reporting unit .", "based on the results of the quantitative analysis , the company determined that the fair value of the cdw uk reporting unit exceeded its carrying value and no impairment existed. ." ]

[ [ "(in millions)", "Corporate", "Small Business⁽²⁾", "Public", "Other⁽⁴⁾", "Consolidated" ], [ "Balance at December 31, 2014⁽¹⁾", "$1,045.9", "$185.9", "$911.3", "$74.5", "$2,217.6" ], [ "Foreign currency translation", "—", "—", "—", "(22.4)", "(22.4)" ], [ "Acquisition", "—", "—", "—", "305.2", "305.2" ], [ "Balance at December 31, 2015⁽¹⁾", "1,045.9", "185.9", "911.3", "357.3", "2,500.4" ], [ "Foreign currency translation", "—", "—", "—", "(45.4)", "(45.4)" ], [ "CDW Advanced Services Allocation⁽³⁾", "28.2", "—", "18.3", "(46.5)", "—" ], [ "Balance at December 31, 2016⁽¹⁾", "1,074.1", "185.9", "929.6", "265.4", "2,455.0" ], [ "Foreign currency translation", "—", "—", "—", "24.6", "24.6" ], [ "Balances as of December 31, 2017⁽¹⁾", "$1,074.1", "$185.9", "$929.6", "$290.0", "$2,479.6" ] ]

[ [ "( in millions )", "corporate", "small business ( 2 )", "public", "other ( 4 )", "consolidated" ], [ "balance at december 31 2014 ( 1 )", "$ 1045.9", "$ 185.9", "$ 911.3", "$ 74.5", "$ 2217.6" ], [ "foreign currency translation", "2014", "2014", "2014", "-22.4 ( 22.4 )", "-22.4 ( 22.4 )" ], [ "acquisition", "2014", "2014", "2014", "305.2", "305.2" ], [ "balance at december 31 2015 ( 1 )", "1045.9", "185.9", "911.3", "357.3", "2500.4" ], [ "foreign currency translation", "2014", "2014", "2014", "-45.4 ( 45.4 )", "-45.4 ( 45.4 )" ], [ "cdw advanced services allocation ( 3 )", "28.2", "2014", "18.3", "-46.5 ( 46.5 )", "2014" ], [ "balance at december 31 2016 ( 1 )", "1074.1", "185.9", "929.6", "265.4", "2455.0" ], [ "foreign currency translation", "2014", "2014", "2014", "24.6", "24.6" ], [ "balances as of december 31 2017 ( 1 )", "$ 1074.1", "$ 185.9", "$ 929.6", "$ 290.0", "$ 2479.6" ] ]

[]

[ "pipeline transportation 2013 we own a system of pipelines through marathon pipe line llc ( 201cmpl 201d ) and ohio river pipe line llc ( 201corpl 201d ) , our wholly-owned subsidiaries .", "our pipeline systems transport crude oil and refined products primarily in the midwest and gulf coast regions to our refineries , our terminals and other pipeline systems .", "our mpl and orpl wholly-owned and undivided interest common carrier systems consist of 1737 miles of crude oil lines and 1825 miles of refined product lines comprising 32 systems located in 11 states .", "the mpl common carrier pipeline network is one of the largest petroleum pipeline systems in the united states , based on total barrels delivered .", "our common carrier pipeline systems are subject to state and federal energy regulatory commission regulations and guidelines , including published tariffs for the transportation of crude oil and refined products .", "third parties generated 13 percent of the crude oil and refined product shipments on our mpl and orpl common carrier pipelines in 2009 .", "our mpl and orpl common carrier pipelines transported the volumes shown in the following table for each of the last three years .", "pipeline barrels handled ( thousands of barrels per day ) 2009 2008 2007 ." ]

[ "we also own 196 miles of private crude oil pipelines and 850 miles of private refined products pipelines , and we lease 217 miles of common carrier refined product pipelines .", "we have partial ownership interests in several pipeline companies that have approximately 780 miles of crude oil pipelines and 3600 miles of refined products pipelines , including about 970 miles operated by mpl .", "in addition , mpl operates most of our private pipelines and 985 miles of crude oil and 160 miles of natural gas pipelines owned by our e&p segment .", "our major refined product pipelines include the owned and operated cardinal products pipeline and the wabash pipeline .", "the cardinal products pipeline delivers refined products from kenova , west virginia , to columbus , ohio .", "the wabash pipeline system delivers product from robinson , illinois , to various terminals in the area of chicago , illinois .", "other significant refined product pipelines owned and operated by mpl extend from : robinson , illinois , to louisville , kentucky ; garyville , louisiana , to zachary , louisiana ; and texas city , texas , to pasadena , texas .", "in addition , as of december 31 , 2009 , we had interests in the following refined product pipelines : 2022 65 percent undivided ownership interest in the louisville-lexington system , a petroleum products pipeline system extending from louisville to lexington , kentucky ; 2022 60 percent interest in muskegon pipeline llc , which owns a refined products pipeline extending from griffith , indiana , to north muskegon , michigan ; 2022 50 percent interest in centennial pipeline llc , which owns a refined products system connecting the gulf coast region with the midwest market ; 2022 17 percent interest in explorer pipeline company , a refined products pipeline system extending from the gulf coast to the midwest ; and 2022 6 percent interest in wolverine pipe line company , a refined products pipeline system extending from chicago , illinois , to toledo , ohio .", "our major owned and operated crude oil lines run from : patoka , illinois , to catlettsburg , kentucky ; patoka , illinois , to robinson , illinois ; patoka , illinois , to lima , ohio ; lima , ohio to canton , ohio ; samaria , michigan , to detroit , michigan ; and st .", "james , louisiana , to garyville , louisiana .", "as of december 31 , 2009 , we had interests in the following crude oil pipelines : 2022 51 percent interest in loop llc , the owner and operator of loop , which is the only u.s .", "deepwater oil port , located 18 miles off the coast of louisiana , and a crude oil pipeline connecting the port facility to storage caverns and tanks at clovelly , louisiana ; 2022 59 percent interest in locap llc , which owns a crude oil pipeline connecting loop and the capline system; ." ]

[ [ "<i>(Thousands of barrels per day)</i>", "2009", "2008", "2007" ], [ "Crude oil trunk lines", "1,279", "1,405", "1,451" ], [ "Refined products trunk lines", "953", "960", "1,049" ], [ "TOTAL", "2,232", "2,365", "2,500" ] ]

[ [ "( thousands of barrels per day )", "2009", "2008", "2007" ], [ "crude oil trunk lines", "1279", "1405", "1451" ], [ "refined products trunk lines", "953", "960", "1049" ], [ "total", "2232", "2365", "2500" ] ]

[]

[ "notes to the consolidated financial statements non-financial assets and liabilities measured at fair value on a non-recurring basis during 2009 , we classified the atlantic star as held for sale and recognized a charge of $ 7.1 million to reduce the carrying value of the ship to its fair value less cost to sell based on a firm offer received during 2009 .", "this amount was recorded within other operating expenses in our consolidated statement of operations .", "we determined the fair market value of the atlantic star as of december 31 , 2010 based on comparable ship sales adjusted for the condition , age and size of the ship .", "we have categorized these inputs as level 3 because they are largely based on our own assump- tions .", "as of december 31 , 2010 , the carrying amount of the atlantic star which we still believe represents its fair value was $ 46.4 million .", "the following table presents a reconciliation of the company 2019s fuel call options 2019 beginning and ending balances as follows ( in thousands ) : fair value fair value measurements measurements using significant using significant unobservable unobservable year ended december 31 , 2010 inputs ( level 3 ) year ended december 31 , 2009 inputs ( level 3 ) fuel call options fuel call options balance at january 1 , 2010 $ 9998 balance at january 1 , 2009 $ 2007 2007 2007 2007 2014 total gains or losses ( realized/ unrealized ) total gains or losses ( realized/ unrealized ) ." ]

[ "the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date $ ( 2824 ) the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date $ ( 2538 ) during the fourth quarter of 2010 , we changed our valuation technique for fuel call options to a market approach method which employs inputs that are observable .", "the fair value for fuel call options is determined by using the prevailing market price for the instruments consisting of published price quotes for similar assets based on recent transactions in an active market .", "we believe that level 2 categorization is appropriate due to an increase in the observability and transparency of significant inputs .", "previously , we derived the fair value of our fuel call options using standard option pricing models with inputs based on the options 2019 contract terms and data either readily available or formulated from public market informa- tion .", "the fuel call options were categorized as level 3 because certain inputs , principally volatility , were unobservable .", "net transfers in and/or out of level 3 are reported as having occurred at the end of the quarter in which the transfer occurred ; therefore , gains or losses reflected in the table above for 2010 include fourth quarter fuel call option gains or losses .", "the reported fair values are based on a variety of factors and assumptions .", "accordingly , the fair values may not represent actual values of the financial instru- ments and long-lived assets that could have been realized as of december 31 , 2010 or december 31 , 2009 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement .", "derivative instruments we are exposed to market risk attributable to changes in interest rates , foreign currency exchange rates and fuel prices .", "we manage these risks through a combi- nation of our normal operating and financing activities and through the use of derivative financial instruments pursuant to our hedging practices and policies .", "the financial impact of these hedging instruments is pri- marily offset by corresponding changes in the under- lying exposures being hedged .", "we achieve this by closely matching the amount , term and conditions of the derivative instrument with the underlying risk being hedged .", "we do not hold or issue derivative financial instruments for trading or other speculative purposes .", "we monitor our derivative positions using techniques including market valuations and sensitivity analyses. ." ]

[ [ "Year Ended December 31, 2010", "FairValue Measurements Using Significant Unobservable Inputs (Level 3) Fuel Call Options", "Year Ended December 31, 2009", "FairValue Measurements Using Significant Unobservable Inputs (Level 3) Fuel Call Options" ], [ "Balance at January 1, 2010", "$9,998", "Balance at January 1, 2009", "$—" ], [ "Total gains or losses (realized /unrealized)", "", "Total gains or losses (realized /unrealized)", "" ], [ "Included in other income (expense)", "(2,824)", "Included in other income (expense)", "(2,538)" ], [ "Purchases, issuances, and settlements", "24,539", "Purchases, issuances, and settlements", "12,536" ], [ "Transfers in and/or (out) of Level 3", "(31,713)", "Transfers in and/or (out) of Level 3", "—" ], [ "Balance at December 31, 2010", "$—", "Balance at December 31, 2009", "$9,998" ], [ "The amount of total gains or losses for the period included in other income (expense) attributable to the change in unrealized gains or losses relating to assets still held at thereporting date", "$(2,824)", "The amount of total gains or losses for the period included in other income (expense) attributable to the change in unrealized gains or losses relating to assets still held atthe reporting date", "$(2,538)" ] ]

[ [ "year ended december 31 2010 balance at january 1 2010", "fairvalue measurements using significant unobservable inputs ( level 3 ) fuel call options $ 9998", "year ended december 31 2009 balance at january 1 2009", "fairvalue measurements using significant unobservable inputs ( level 3 ) fuel call options $ 2014" ], [ "total gains or losses ( realized /unrealized )", "", "total gains or losses ( realized /unrealized )", "" ], [ "included in other income ( expense )", "-2824 ( 2824 )", "included in other income ( expense )", "-2538 ( 2538 )" ], [ "purchases issuances and settlements", "24539", "purchases issuances and settlements", "12536" ], [ "transfers in and/or ( out ) of level 3", "-31713 ( 31713 )", "transfers in and/or ( out ) of level 3", "2014" ], [ "balance at december 31 2010", "$ 2014", "balance at december 31 2009", "$ 9998" ], [ "the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at thereporting date", "$ -2824 ( 2824 )", "the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held atthe reporting date", "$ -2538 ( 2538 )" ] ]

[ { "arg1": "24539", "arg2": "12536", "op": "minus2-1", "res": "12003" }, { "arg1": "#0", "arg2": "12536", "op": "divide2-2", "res": "0.9575" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "95.75" } ]

[ "packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 .", "stock-based compensation ( continued ) same period was $ 1988000 lower , than if it had continued to account for share-based compensation under apb no .", "25 .", "basic and diluted earnings per share for the year ended december 31 , 2006 were both $ 0.02 lower than if the company had continued to account for share-based compensation under apb no .", "25 .", "prior to the adoption of sfas no .", "123 ( r ) , the company presented all tax benefits of deductions resulting from share-based payment arrangements as operating cash flows in the statements of cash flows .", "sfas no .", "123 ( r ) requires the cash flows resulting from the tax benefits from tax deductions in excess of the compensation cost recognized for those share awards ( excess tax benefits ) to be classified as financing cash flows .", "the excess tax benefit of $ 2885000 classified as a financing cash inflow for the year ended december 31 , 2006 would have been classified as an operating cash inflow if the company had not adopted sfas no .", "123 ( r ) .", "as a result of adopting sfas no 123 ( r ) , unearned compensation previously recorded in stockholders 2019 equity was reclassified against additional paid in capital on january 1 , 2006 .", "all stock-based compensation expense not recognized as of december 31 , 2005 and compensation expense related to post 2005 grants of stock options and amortization of restricted stock will be recorded directly to additional paid in capital .", "compensation expense for stock options and restricted stock recognized in the statements of income for the year ended december 31 , 2006 , 2005 and 2004 was as follows : year ended december 31 , ( in thousands ) 2006 2005 2004 ." ]

[ "." ]

[ [ "", "Year Ended December 31," ], [ "<i>(In thousands)</i>", "2006", "2005", "2004" ], [ "Stock options", "$(3,273)", "$—", "$—" ], [ "Restricted stock", "(2,789)", "(1,677)", "(663)" ], [ "Impact on income before income taxes", "(6,062)", "(1,677)", "(663)" ], [ "Income tax benefit", "2,382", "661", "260" ], [ "Impact on net income", "$(3,680)", "$(1,016)", "$(403)" ] ]

[ [ "( in thousands )", "year ended december 31 , 2006", "year ended december 31 , 2005", "year ended december 31 , 2004" ], [ "stock options", "$ -3273 ( 3273 )", "$ 2014", "$ 2014" ], [ "restricted stock", "-2789 ( 2789 )", "-1677 ( 1677 )", "-663 ( 663 )" ], [ "impact on income before income taxes", "-6062 ( 6062 )", "-1677 ( 1677 )", "-663 ( 663 )" ], [ "income tax benefit", "2382", "661", "260" ], [ "impact on net income", "$ -3680 ( 3680 )", "$ -1016 ( 1016 )", "$ -403 ( 403 )" ] ]

[]

[ "leases , was $ 92 million , $ 80 million , and $ 72 million in 2002 , 2001 , and 2000 , respectively .", "future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 28 , 2002 , are as follows ( in millions ) : concentrations in the available sources of supply of materials and product although certain components essential to the company's business are generally available from multiple sources , other key components ( including microprocessors and application-specific integrated circuits , or ( \"asics\" ) ) are currently obtained by the company from single or limited sources .", "some other key components , while currently available to the company from multiple sources , are at times subject to industry- wide availability and pricing pressures .", "in addition , the company uses some components that are not common to the rest of the personal computer industry , and new products introduced by the company often initially utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers .", "if the supply of a key single-sourced component to the company were to be delayed or curtailed or in the event a key manufacturing vendor delays shipments of completed products to the company , the company's ability to ship related products in desired quantities and in a timely manner could be adversely affected .", "the company's business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .", "continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company's requirements .", "finally , significant portions of the company's cpus , logic boards , and assembled products are now manufactured by outsourcing partners , the majority of which occurs in various parts of asia .", "although the company works closely with its outsourcing partners on manufacturing schedules and levels , the company's operating results could be adversely affected if its outsourcing partners were unable to meet their production obligations .", "contingencies beginning on september 27 , 2001 , three shareholder class action lawsuits were filed in the united states district court for the northern district of california against the company and its chief executive officer .", "these lawsuits are substantially identical , and purport to bring suit on behalf of persons who purchased the company's publicly traded common stock between july 19 , 2000 , and september 28 , 2000 .", "the complaints allege violations of the 1934 securities exchange act and seek unspecified compensatory damages and other relief .", "the company believes these claims are without merit and intends to defend them vigorously .", "the company filed a motion to dismiss on june 4 , 2002 , which was heard by the court on september 13 , 2002 .", "on december 11 , 2002 , the court granted the company's motion to dismiss for failure to state a cause of action , with leave to plaintiffs to amend their complaint within thirty days .", "the company is subject to certain other legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated .", "in the opinion of management , the company does not have a potential liability related to any current legal proceedings and claims that would have a material adverse effect on its financial condition , liquidity or results of operations .", "however , the results of legal proceedings cannot be predicted with certainty .", "should the company fail to prevail in any of these legal matters or should several of these legal matters be resolved against the company in the same reporting period , the operating results of a particular reporting period could be materially adversely affected .", "the parliament of the european union is working on finalizing the waste electrical and electronic equipment directive ( the directive ) .", "the directive makes producers of electrical goods , including personal computers , financially responsible for the collection , recycling , and safe disposal of past and future products .", "the directive must now be approved and implemented by individual european union governments by june 2004 , while the producers' financial obligations are scheduled to start june 2005 .", "the company's potential liability resulting from the directive related to past sales of its products and expenses associated with future sales of its product may be substantial .", "however , because it is likely that specific laws , regulations , and enforcement policies will vary significantly between individual european member states , it is not currently possible to estimate the company's existing liability or future expenses resulting from the directive .", "as the european union and its individual member states clarify specific requirements and policies with respect to the directive , the company will continue to assess its potential financial impact .", "similar legislation may be enacted in other geographies , including federal and state legislation in the united states , the cumulative impact of which could be significant .", "fiscal years ." ]

[ "." ]

[ [ "2003", "$83" ], [ "2004", "78" ], [ "2005", "66" ], [ "2006", "55" ], [ "2007", "42" ], [ "Later years", "140" ], [ "Total minimum lease payments", "$464" ] ]

[ [ "2003", "$ 83" ], [ "2004", "78" ], [ "2005", "66" ], [ "2006", "55" ], [ "2007", "42" ], [ "later years", "140" ], [ "total minimum lease payments", "$ 464" ] ]

[]

[ "the total intrinsic value of options exercised ( i.e .", "the difference between the market price at exercise and the price paid by the employee to exercise the options ) during fiscal 2011 , 2010 and 2009 was $ 96.5 million , $ 29.6 million and $ 4.7 million , respectively .", "the total amount of proceeds received by the company from exercise of these options during fiscal 2011 , 2010 and 2009 was $ 217.4 million , $ 240.4 million and $ 15.1 million , respectively .", "proceeds from stock option exercises pursuant to employee stock plans in the company 2019s statement of cash flows of $ 217.2 million , $ 216.1 million and $ 12.4 million for fiscal 2011 , 2010 and 2009 , respectively , are net of the value of shares surrendered by employees in certain limited circumstances to satisfy the exercise price of options , and to satisfy employee tax obligations upon vesting of restricted stock or restricted stock units and in connection with the exercise of stock options granted to the company 2019s employees under the company 2019s equity compensation plans .", "the withholding amount is based on the company 2019s minimum statutory withholding requirement .", "a summary of the company 2019s restricted stock unit award activity as of october 29 , 2011 and changes during the year then ended is presented below : restricted outstanding weighted- average grant- date fair value per share ." ]

[ "as of october 29 , 2011 , there was $ 88.6 million of total unrecognized compensation cost related to unvested share-based awards comprised of stock options and restricted stock units .", "that cost is expected to be recognized over a weighted-average period of 1.3 years .", "the total grant-date fair value of shares that vested during fiscal 2011 , 2010 and 2009 was approximately $ 49.6 million , $ 67.7 million and $ 74.4 million , respectively .", "common stock repurchase program the company 2019s common stock repurchase program has been in place since august 2004 .", "in the aggregate , the board of directors has authorized the company to repurchase $ 5 billion of the company 2019s common stock under the program .", "under the program , the company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions .", "unless terminated earlier by resolution of the company 2019s board of directors , the repurchase program will expire when the company has repurchased all shares authorized under the program .", "as of october 29 , 2011 , the company had repurchased a total of approximately 125.0 million shares of its common stock for approximately $ 4278.5 million under this program .", "an additional $ 721.5 million remains available for repurchase of shares under the current authorized program .", "the repurchased shares are held as authorized but unissued shares of common stock .", "any future common stock repurchases will be dependent upon several factors , including the amount of cash available to the company in the united states and the company 2019s financial performance , outlook and liquidity .", "the company also from time to time repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units , or in certain limited circumstances to satisfy the exercise price of options granted to the company 2019s employees under the company 2019s equity compensation plans .", "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "", "Restricted Stock Units Outstanding", "Weighted- Average Grant- Date Fair Value Per Share" ], [ "Restricted stock units outstanding at October 30, 2010", "1,265", "$28.21" ], [ "Units granted", "898", "$34.93" ], [ "Restrictions lapsed", "(33)", "$24.28" ], [ "Units forfeited", "(42)", "$31.39" ], [ "Restricted stock units outstanding at October 29, 2011", "2,088", "$31.10" ] ]

[ [ "", "restricted stock units outstanding", "weighted- average grant- date fair value per share" ], [ "restricted stock units outstanding at october 30 2010", "1265", "$ 28.21" ], [ "units granted", "898", "$ 34.93" ], [ "restrictions lapsed", "-33 ( 33 )", "$ 24.28" ], [ "units forfeited", "-42 ( 42 )", "$ 31.39" ], [ "restricted stock units outstanding at october 29 2011", "2088", "$ 31.10" ] ]

[ { "arg1": "96.5", "arg2": "4.7", "op": "minus1-1", "res": "91.8" }, { "arg1": "#0", "arg2": "4.7", "op": "divide1-2", "res": "1953.2%" } ]

[ "management 2019s discussion and analysis of financial condition and results of operations ( continued ) detail with respect to our investment portfolio as of december 31 , 2014 and 2013 is provided in note 3 to the consolidated financial statements included under item 8 of this form 10-k .", "loans and leases averaged $ 15.91 billion for the year ended 2014 , up from $ 13.78 billion in 2013 .", "the increase was mainly related to mutual fund lending and our continued investment in senior secured bank loans .", "mutual fund lending and senior secured bank loans averaged approximately $ 9.12 billion and $ 1.40 billion , respectively , for the year ended december 31 , 2014 compared to $ 8.16 billion and $ 170 million for the year ended december 31 , 2013 , respectively .", "average loans and leases also include short- duration advances .", "table 13 : u.s .", "and non-u.s .", "short-duration advances years ended december 31 ." ]

[ "average u.s .", "short-duration advances $ 2355 $ 2356 $ 1972 average non-u.s .", "short-duration advances 1512 1393 1393 average total short-duration advances $ 3867 $ 3749 $ 3365 average short-durance advances to average loans and leases 24% ( 24 % ) 27% ( 27 % ) 29% ( 29 % ) the decline in proportion of the average daily short-duration advances to average loans and leases is primarily due to growth in the other segments of the loan and lease portfolio .", "short-duration advances provide liquidity to clients in support of their investment activities .", "although average short-duration advances for the year ended december 31 , 2014 increased compared to the year ended december 31 , 2013 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity .", "average other interest-earning assets increased to $ 15.94 billion for the year ended december 31 , 2014 from $ 11.16 billion for the year ended december 31 , 2013 .", "the increased levels were primarily the result of higher levels of cash collateral provided in connection with our enhanced custody business .", "aggregate average interest-bearing deposits increased to $ 130.30 billion for the year ended december 31 , 2014 from $ 109.25 billion for year ended 2013 .", "the higher levels were primarily the result of increases in both u.s .", "and non-u.s .", "transaction accounts and time deposits .", "future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s .", "and non-u.s .", "interest rates .", "average other short-term borrowings increased to $ 4.18 billion for the year ended december 31 , 2014 from $ 3.79 billion for the year ended 2013 .", "the increase was the result of a higher level of client demand for our commercial paper .", "the decline in rates paid from 1.6% ( 1.6 % ) in 2013 to 0.1% ( 0.1 % ) in 2014 resulted from a reclassification of certain derivative contracts that hedge our interest-rate risk on certain assets and liabilities , which reduced interest revenue and interest expense .", "average long-term debt increased to $ 9.31 billion for the year ended december 31 , 2014 from $ 8.42 billion for the year ended december 31 , 2013 .", "the increase primarily reflected the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , $ 1.0 billion of senior debt issued in november 2013 , and $ 1.0 billion of senior debt issued in december 2014 .", "this is partially offset by the maturities of $ 500 million of senior debt in may 2014 and $ 250 million of senior debt in march 2014 .", "average other interest-bearing liabilities increased to $ 7.35 billion for the year ended december 31 , 2014 from $ 6.46 billion for the year ended december 31 , 2013 , primarily the result of higher levels of cash collateral received from clients in connection with our enhanced custody business .", "several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s .", "and non-u.s .", "interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured .", "based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay-downs and maturities of investment securities in highly-rated securities , such as u.s .", "treasury and agency securities , municipal securities , federal agency mortgage-backed securities and u.s .", "and non-u.s .", "mortgage- and asset-backed securities .", "the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time .", "we expect these factors and the levels of global interest rates to influence what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. ." ]

[ [ "(In millions)", "2014", "2013", "2012" ], [ "Average U.S. short-duration advances", "$2,355", "$2,356", "$1,972" ], [ "Average non-U.S. short-duration advances", "1,512", "1,393", "1,393" ], [ "Average total short-duration advances", "$3,867", "$3,749", "$3,365" ], [ "Average short-durance advances to average loans and leases", "24%", "27%", "29%" ] ]

[ [ "( in millions )", "2014", "2013", "2012" ], [ "average u.s . short-duration advances", "$ 2355", "$ 2356", "$ 1972" ], [ "average non-u.s . short-duration advances", "1512", "1393", "1393" ], [ "average total short-duration advances", "$ 3867", "$ 3749", "$ 3365" ], [ "average short-durance advances to average loans and leases", "24% ( 24 % )", "27% ( 27 % )", "29% ( 29 % )" ] ]

[ { "arg1": "15.91", "arg2": "13.78", "op": "minus1-1", "res": "2.13" }, { "arg1": "#0", "arg2": "13.78", "op": "divide1-2", "res": "15.5%" } ]

[ "on either a straight-line or accelerated basis .", "amortization expense for intangibles was approximately $ 4.2 million , $ 4.1 million and $ 4.1 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively .", "estimated annual amortization expense of the december 31 , 2010 balance for the years ended december 31 , 2011 through 2015 is approximately $ 4.8 million .", "impairment of long-lived assets long-lived assets are reviewed for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable .", "if such review indicates that the carrying amount of long- lived assets is not recoverable , the carrying amount of such assets is reduced to fair value .", "during the year ended december 31 , 2010 , we recognized impairment charges on certain long-lived assets during the normal course of business of $ 1.3 million .", "there were no adjustments to the carrying value of long-lived assets of continuing operations during the years ended december 31 , 2009 or 2008 .", "fair value of financial instruments our debt is reflected on the balance sheet at cost .", "based on market conditions as of december 31 , 2010 , the fair value of our term loans ( see note 5 , 201clong-term obligations 201d ) reasonably approximated the carrying value of $ 590 million .", "at december 31 , 2009 , the fair value of our term loans at $ 570 million was below the carrying value of $ 596 million because our interest rate margins were below the rate available in the market .", "we estimated the fair value of our term loans by calculating the upfront cash payment a market participant would require to assume our obligations .", "the upfront cash payment , excluding any issuance costs , is the amount that a market participant would be able to lend at december 31 , 2010 and 2009 to an entity with a credit rating similar to ours and achieve sufficient cash inflows to cover the scheduled cash outflows under our term loans .", "the carrying amounts of our cash and equivalents , net trade receivables and accounts payable approximate fair value .", "we apply the market and income approaches to value our financial assets and liabilities , which include the cash surrender value of life insurance , deferred compensation liabilities and interest rate swaps .", "required fair value disclosures are included in note 7 , 201cfair value measurements . 201d product warranties some of our salvage mechanical products are sold with a standard six-month warranty against defects .", "additionally , some of our remanufactured engines are sold with a standard three-year warranty against defects .", "we record the estimated warranty costs at the time of sale using historical warranty claim information to project future warranty claims activity and related expenses .", "the changes in the warranty reserve are as follows ( in thousands ) : ." ]

[ "self-insurance reserves we self-insure a portion of employee medical benefits under the terms of our employee health insurance program .", "we purchase certain stop-loss insurance to limit our liability exposure .", "we also self-insure a portion of ." ]

[ [ "Balance as of January 1, 2009", "$540" ], [ "Warranty expense", "5,033" ], [ "Warranty claims", "(4,969)" ], [ "Balance as of December 31, 2009", "604" ], [ "Warranty expense", "9,351" ], [ "Warranty claims", "(8,882)" ], [ "Business acquisitions", "990" ], [ "Balance as of December 31, 2010", "$2,063" ] ]

[ [ "balance as of january 1 2009", "$ 540" ], [ "warranty expense", "5033" ], [ "warranty claims", "-4969 ( 4969 )" ], [ "balance as of december 31 2009", "604" ], [ "warranty expense", "9351" ], [ "warranty claims", "-8882 ( 8882 )" ], [ "business acquisitions", "990" ], [ "balance as of december 31 2010", "$ 2063" ] ]

[]

[ "cash and a commitment to fund the capital needs of the business until such time as its cumulative funding is equal to funding that we have provided from inception through the effective date of the transaction .", "the transaction created a new joint venture which does business as comercia global payments brazil .", "as a result of the transaction , we deconsolidated global payments brazil , and we apply the equity method of accounting to our retained interest in comercia global payments brazil .", "we recorded a gain on the transaction of $ 2.1 million which is included in interest and other income in the consolidated statement of income for the fiscal year ended may 31 , 2014 .", "the results of the brazil operation from inception until the restructuring into a joint venture on september 30 , 2013 were not material to our consolidated results of operations , and the assets and liabilities that we derecognized were not material to our consolidated balance sheet .", "american express portfolio on october 24 , 2013 , we acquired a merchant portfolio in the czech republic from american express limited for $ 1.9 million .", "the acquired assets have been classified as customer-related intangible assets and contract-based intangible assets with estimated amortization periods of 10 years .", "paypros on march 4 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of payment processing , inc .", "( 201cpaypros 201d ) for $ 420.0 million in cash plus $ 7.7 million in cash for working capital , subject to adjustment based on a final determination of working capital .", "we funded the acquisition with a combination of cash on hand and proceeds from our new term loan .", "paypros , based in california , is a provider of fully-integrated payment solutions for small-to-medium sized merchants in the united states .", "paypros delivers its products and services through a network of technology-based enterprise software partners to vertical markets that are complementary to the markets served by accelerated payment technologies ( 201capt 201d ) , which we acquired in october 2012 .", "we acquired paypros to expand our direct distribution capabilities in the united states and to further enhance our existing integrated solutions offerings .", "this acquisition was recorded as a business combination , and the purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values .", "due to the timing of this transaction , the allocation of the purchase price is preliminary pending final valuation of intangible assets and deferred income taxes as well as resolution of the working capital settlement discussed above .", "the purchase price of paypros was determined by analyzing the historical and prospective financial statements .", "acquisition costs associated with this purchase were not material .", "the following table summarizes the preliminary purchase price allocation ( in thousands ) : ." ]

[ "the preliminary purchase price allocation resulted in goodwill , included in the north america merchant services segment , of $ 271.6 million .", "such goodwill is attributable primarily to synergies with the services offered and markets served by paypros .", "the goodwill associated with the acquisition is not deductible for tax purposes .", "the customer-related intangible assets and the contract-based intangible assets have an estimated amortization period of 13 years .", "the acquired technology has an estimated amortization period of 7 years. ." ]

[ [ "Goodwill", "$271,577" ], [ "Customer-related intangible assets", "147,500" ], [ "Contract-based intangible assets", "31,000" ], [ "Acquired technology", "10,700" ], [ "Fixed assets", "1,680" ], [ "Other assets", "4,230" ], [ "Total assets acquired", "466,687" ], [ "Deferred income taxes", "(38,949)" ], [ "Net assets acquired", "$427,738" ] ]

[ [ "goodwill", "$ 271577" ], [ "customer-related intangible assets", "147500" ], [ "contract-based intangible assets", "31000" ], [ "acquired technology", "10700" ], [ "fixed assets", "1680" ], [ "other assets", "4230" ], [ "total assets acquired", "466687" ], [ "deferred income taxes", "-38949 ( 38949 )" ], [ "net assets acquired", "$ 427738" ] ]

[ { "arg1": "10700", "arg2": "31000", "op": "add2-1", "res": "41700" }, { "arg1": "147500", "arg2": "#0", "op": "add2-2", "res": "189200" }, { "arg1": "#1", "arg2": "466687", "op": "divide2-3", "res": "40.5%" } ]

[ "notes to the consolidated financial statements competitive environment and general economic and business conditions , among other factors .", "pullmantur is a brand targeted primarily at the spanish , portu- guese and latin american markets and although pullmantur has diversified its passenger sourcing over the past few years , spain still represents pullmantur 2019s largest market .", "as previously disclosed , during 2012 european economies continued to demonstrate insta- bility in light of heightened concerns over sovereign debt issues as well as the impact of proposed auster- ity measures on certain markets .", "the spanish econ- omy was more severely impacted than many other economies and there is significant uncertainty as to when it will recover .", "in addition , the impact of the costa concordia incident has had a more lingering effect than expected and the impact in future years is uncertain .", "these factors were identified in the past as significant risks which could lead to the impairment of pullmantur 2019s goodwill .", "more recently , the spanish economy has progressively worsened and forecasts suggest the challenging operating environment will continue for an extended period of time .", "the unemployment rate in spain reached 26% ( 26 % ) during the fourth quarter of 2012 and is expected to rise further in 2013 .", "the international monetary fund , which had projected gdp growth of 1.8% ( 1.8 % ) a year ago , revised its 2013 gdp projections downward for spain to a contraction of 1.3% ( 1.3 % ) during the fourth quarter of 2012 and further reduced it to a contraction of 1.5% ( 1.5 % ) in january of 2013 .", "during the latter half of 2012 new austerity measures , such as increases to the value added tax , cuts to benefits , the phasing out of exemptions and the suspension of government bonuses , were implemented by the spanish government .", "we believe these austerity measures are having a larger impact on consumer confidence and discretionary spending than previously anticipated .", "as a result , there has been a significant deterioration in bookings from guests sourced from spain during the 2013 wave season .", "the combination of all of these factors has caused us to negatively adjust our cash flow projections , especially our closer-in net yield assumptions and the expectations regarding future capacity growth for the brand .", "based on our updated cash flow projections , we determined the implied fair value of goodwill for the pullmantur reporting unit was $ 145.5 million and rec- ognized an impairment charge of $ 319.2 million .", "this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) .", "there have been no goodwill impairment charges related to the pullmantur reporting unit in prior periods .", "see note 13 .", "fair value measurements and derivative instruments for further discussion .", "if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g .", "france , brazil , latin america ) perform worse than contemplated in our discounted cash flow model , or if there are material changes to the projected future cash flows used in the impair- ment analyses , especially in net yields , an additional impairment charge of the pullmantur reporting unit 2019s goodwill may be required .", "note 4 .", "intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : ." ]

[ "during the fourth quarter of 2012 , we performed the annual impairment review of our trademarks and trade names using a discounted cash flow model and the relief-from-royalty method .", "the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .", "these trademarks and trade names relate to pullmantur and we have used a discount rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .", "as described in note 3 .", "goodwill , the continued deterioration of the spanish economy caused us to negatively adjust our cash flow projections for the pullmantur reporting unit , especially our closer-in net yield assumptions and the timing of future capacity growth for the brand .", "based on our updated cash flow projections , we determined that the fair value of pullmantur 2019s trademarks and trade names no longer exceeded their carrying value .", "accordingly , we recog- nized an impairment charge of approximately $ 17.4 million to write down trademarks and trade names to their fair value of $ 204.9 million .", "this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) .", "see note 13 .", "fair value measurements and derivative instruments for further discussion .", "if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g .", "france , brazil , latin america ) 0494.indd 76 3/27/13 12:53 pm ." ]

[ [ "", "2012", "2011" ], [ "Indefinite-life intangible asset—Pullmantur trademarks and trade names", "$218,883", "$225,679" ], [ "Impairment charge", "(17,356)", "—" ], [ "Foreign currency translation adjustment", "3,339", "(6,796)" ], [ "Total", "$204,866", "$218,883" ] ]

[ [ "", "2012", "2011" ], [ "indefinite-life intangible asset 2014pullmantur trademarks and trade names", "$ 218883", "$ 225679" ], [ "impairment charge", "-17356 ( 17356 )", "2014" ], [ "foreign currency translation adjustment", "3339", "-6796 ( 6796 )" ], [ "total", "$ 204866", "$ 218883" ] ]

[ { "arg1": "204866", "arg2": "218883", "op": "add1-1", "res": "423749" }, { "arg1": "#0", "arg2": "const_2", "op": "divide1-2", "res": "211874.5" } ]

[ "domestic utility companies and system energy notes to respective financial statements derived from another portion of the entity that continues to apply sfas 71 should not be written off ; rather , they should be considered regulatory assets of the segment that will continue to apply sfas 71 .", "see note 2 to the domestic utility companies and system energy financial statements for discussion of transition to competition activity in the retail regulatory jurisdictions served by the domestic utility companies .", "only texas currently has an enacted retail open access law , but entergy believes that significant issues remain to be addressed by regulators , and the enacted law does not provide sufficient detail to reasonably determine the impact on entergy gulf states' regulated operations .", "cash and cash equivalents entergy considers all unrestricted highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents .", "investments with original maturities of more than three months are classified as other temporary investments on the balance sheet .", "investments entergy applies the provisions of sfas 115 , 201caccounting for investments for certain debt and equity securities , 201d in accounting for investments in decommissioning trust funds .", "as a result , entergy records the decommissioning trust funds at their fair value on the balance sheet .", "as of december 31 , 2002 and 2001 , the fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits by the following ( in millions ) : ." ]

[ "in accordance with the regulatory treatment for decommissioning trust funds , entergy arkansas , entergy gulf states ( for the regulated portion of river bend ) , and entergy louisiana have recorded an offsetting amount of unrealized gains/ ( losses ) on investment securities in accumulated depreciation .", "for the nonregulated portion of river bend , entergy gulf states has recorded an offsetting amount of unrealized gains/ ( losses ) in other deferred credits .", "system energy's offsetting amount of unrealized gains/ ( losses ) on investment securities is in other regulatory liabilities .", "derivatives and hedging entergy implemented sfas 133 , 201caccounting for derivative instruments and hedging activities 201d on january 1 , 2001 .", "the statement requires that all derivatives be recognized in the balance sheet , either as assets or liabilities , at fair value .", "the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income , depending on whether a derivative is designated as part of a hedge transaction and , if it is , the type of hedge transaction .", "for cash-flow hedge transactions in which entergy is hedging the variability of cash flows related to a variable-rate asset , liability , or forecasted transaction , changes in the fair value of the derivative instrument are reported in other comprehensive income .", "the gains and losses on the derivative instrument that are reported in other comprehensive income are reclassified as earnings in the periods in which earnings are impacted by the variability of the cash flows of the hedged item .", "the ineffective portions of all hedges are recognized in current- period earnings .", "contracts for commodities that will be delivered in quantities expected to be used or sold in the ordinary course of business , including certain purchases and sales of power and fuel , are not classified as derivatives. ." ]

[ [ "", "2002", "2001" ], [ "Entergy Arkansas", "$35.3", "$69.8" ], [ "Entergy Gulf States", "$1.4", "$18.5" ], [ "Entergy Louisiana", "($0.3\t)", "$8.2" ], [ "System Energy", "($14.5\t)", "($1.6\t)" ] ]

[ [ "", "2002", "2001" ], [ "entergy arkansas", "$ 35.3", "$ 69.8" ], [ "entergy gulf states", "$ 1.4", "$ 18.5" ], [ "entergy louisiana", "( $ 0.3 )", "$ 8.2" ], [ "system energy", "( $ 14.5 )", "( $ 1.6 )" ] ]

[ { "arg1": "69.8", "arg2": "35.3", "op": "minus1-1", "res": "34.5" }, { "arg1": "#0", "arg2": "35.3", "op": "divide1-2", "res": "97.7%" } ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) customer leases 2014the company 2019s lease agreements with its customers vary depending upon the industry .", "television and radio broadcasters prefer long-term leases , while wireless communications providers favor leases in the range of five to ten years .", "most leases contain renewal options .", "escalation clauses present in operating leases , excluding those tied to cpi , are straight-lined over the term of the lease .", "future minimum rental receipts expected from customers under noncancelable operating lease agreements in effect at december 31 , 2002 are as follows ( in thousands ) : year ending december 31 ." ]

[ "acquisition commitments 2014as of december 31 , 2002 , the company was party to an agreement relating to the acquisition of tower assets from a third party for an estimated aggregate purchase price of approximately $ 74.0 million .", "the company may pursue the acquisitions of other properties and businesses in new and existing locations , although there are no definitive material agreements with respect thereto .", "build-to-suit agreements 2014as of december 31 , 2002 , the company was party to various arrangements relating to the construction of tower sites under existing build-to-suit agreements .", "under the terms of the agreements , the company is obligated to construct up to 1000 towers over a five year period which includes 650 towers in mexico and 350 towers in brazil over the next three years .", "the company is in the process of renegotiating several of these agreements to reduce its overall commitment ; however , there can be no assurance that it will be successful in doing so .", "atc separation 2014the company was a wholly owned subsidiary of american radio systems corporation ( american radio ) until consummation of the spin-off of the company from american radio on june 4 , 1998 ( the atc separation ) .", "on june 4 , 1998 , the merger of american radio and a subsidiary of cbs corporation ( cbs ) was consummated .", "as a result of the merger , all of the outstanding shares of the company 2019s common stock owned by american radio were distributed or reserved for distribution to american radio stockholders , and the company ceased to be a subsidiary of , or to be otherwise affiliated with , american radio .", "furthermore , from that day forward the company began operating as an independent publicly traded company .", "in connection with the atc separation , the company agreed to reimburse cbs for any tax liabilities incurred by american radio as a result of the transaction .", "upon completion of the final american radio tax returns , the amount of these tax liabilities was determined and paid by the company .", "the company continues to be obligated under a tax indemnification agreement with cbs , however , until june 30 , 2003 , subject to the extension of federal and applicable state statutes of limitations .", "the company is currently aware that the internal revenue service ( irs ) is in the process of auditing certain tax returns filed by cbs and its predecessors , including those that relate to american radio and the atc separation transaction .", "in the event that the irs imposes additional tax liabilities on american radio relating to the atc separation , the company would be obligated to reimburse cbs for such liabilities .", "the company cannot currently anticipate or estimate the potential additional tax liabilities , if any , that may be imposed by the irs , however , such amounts could be material to the company 2019s consolidated financial position and results of operations .", "the company is not aware of any material obligations relating to this tax indemnity as of december 31 , 2002 .", "accordingly , no amounts have been provided for in the consolidated financial statements relating to this indemnification. ." ]

[ [ "2003", "$459,188" ], [ "2004", "439,959" ], [ "2005", "409,670" ], [ "2006", "363,010" ], [ "2007", "303,085" ], [ "Thereafter", "1,102,597" ], [ "Total", "$3,077,509" ] ]

[ [ "2003", "$ 459188" ], [ "2004", "439959" ], [ "2005", "409670" ], [ "2006", "363010" ], [ "2007", "303085" ], [ "thereafter", "1102597" ], [ "total", "$ 3077509" ] ]

[]

[ "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" ] ]

[ { "arg1": "467298", "arg2": "75896", "op": "add2-1", "res": "543194" }, { "arg1": "#0", "arg2": "199539", "op": "add2-2", "res": "742733" }, { "arg1": "#1", "arg2": "const_1000", "op": "divide2-3", "res": "742.7" } ]

[ "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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[ "able to reasonably estimate the timing of future cash flows beyond 12 months due to uncertainties in the timing of tax audit outcomes .", "the remaining amount of our unrecognized tax liability was classified in other liabilities .", "we report accrued interest and penalties related to unrecognized tax benefit liabilities in income tax expense .", "for fiscal 2017 , we recognized a net benefit of $ 5.6 million of tax-related net interest and penalties , and had $ 23.1 million of accrued interest and penalties as of may 28 , 2017 .", "for fiscal 2016 , we recognized a net benefit of $ 2.7 million of tax-related net interest and penalties , and had $ 32.1 million of accrued interest and penalties as of may 29 , 2016 .", "note 15 .", "leases , other commitments , and contingencies the company 2019s leases are generally for warehouse space and equipment .", "rent expense under all operating leases from continuing operations was $ 188.1 million in fiscal 2017 , $ 189.1 million in fiscal 2016 , and $ 193.5 million in fiscal 2015 .", "some operating leases require payment of property taxes , insurance , and maintenance costs in addition to the rent payments .", "contingent and escalation rent in excess of minimum rent payments and sublease income netted in rent expense were insignificant .", "noncancelable future lease commitments are : operating capital in millions leases leases ." ]

[ "depreciation on capital leases is recorded as deprecia- tion expense in our results of operations .", "as of may 28 , 2017 , we have issued guarantees and comfort letters of $ 504.7 million for the debt and other obligations of consolidated subsidiaries , and guarantees and comfort letters of $ 165.3 million for the debt and other obligations of non-consolidated affiliates , mainly cpw .", "in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 500.7 million as of may 28 , 2017 .", "note 16 .", "business segment and geographic information we operate in the consumer foods industry .", "in the third quarter of fiscal 2017 , we announced a new global orga- nization structure to streamline our leadership , enhance global scale , and drive improved operational agility to maximize our growth capabilities .", "as a result of this global reorganization , beginning in the third quarter of fiscal 2017 , we reported results for our four operating segments as follows : north america retail , 65.3 percent of our fiscal 2017 consolidated net sales ; convenience stores & foodservice , 12.0 percent of our fiscal 2017 consolidated net sales ; europe & australia , 11.7 percent of our fiscal 2017 consolidated net sales ; and asia & latin america , 11.0 percent of our fiscal 2017 consoli- dated net sales .", "we have restated our net sales by seg- ment and segment operating profit amounts to reflect our new operating segments .", "these segment changes had no effect on previously reported consolidated net sales , operating profit , net earnings attributable to general mills , or earnings per share .", "our north america retail operating segment consists of our former u.s .", "retail operating units and our canada region .", "within our north america retail operating seg- ment , our former u.s .", "meals operating unit and u.s .", "baking operating unit have been combined into one operating unit : u.s .", "meals & baking .", "our convenience stores & foodservice operating segment is unchanged .", "our europe & australia operating segment consists of our former europe region .", "our asia & latin america operating segment consists of our former asia/pacific and latin america regions .", "under our new organization structure , our chief operating decision maker assesses performance and makes decisions about resources to be allocated to our segments at the north america retail , convenience stores & foodservice , europe & australia , and asia & latin america operating segment level .", "our north america retail operating segment reflects business with a wide variety of grocery stores , mass merchandisers , membership stores , natural food chains , drug , dollar and discount chains , and e-commerce gro- cery providers .", "our product categories in this business 84 general mills ." ]

[ [ "In Millions", "Operating Leases", "Capital Leases" ], [ "Fiscal 2018", "$118.8", "$0.4" ], [ "Fiscal 2019", "101.7", "0.4" ], [ "Fiscal 2020", "80.7", "0.2" ], [ "Fiscal 2021", "60.7", "0.1" ], [ "Fiscal 2022", "49.7", "—" ], [ "After fiscal 2022", "89.1", "0.1" ], [ "Total noncancelable future lease commitments", "$500.7", "$1.2" ], [ "Less: interest", "", "(0.1)" ], [ "Present value of obligations under capital leases", "", "$1.1" ] ]

[ [ "in millions", "operating leases", "capital leases" ], [ "fiscal 2018", "$ 118.8", "$ 0.4" ], [ "fiscal 2019", "101.7", "0.4" ], [ "fiscal 2020", "80.7", "0.2" ], [ "fiscal 2021", "60.7", "0.1" ], [ "fiscal 2022", "49.7", "2014" ], [ "after fiscal 2022", "89.1", "0.1" ], [ "total noncancelable future lease commitments", "$ 500.7", "$ 1.2" ], [ "less : interest", "", "-0.1 ( 0.1 )" ], [ "present value of obligations under capital leases", "", "$ 1.1" ] ]

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[ "zimmer holdings , inc .", "2013 form 10-k annual report notes to consolidated financial statements ( continued ) state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return .", "the state impact of any federal changes generally remains subject to examination by various states for a period of up to one year after formal notification to the states .", "we have various state income tax returns in the process of examination , administrative appeals or litigation .", "our tax returns are currently under examination in various foreign jurisdictions .", "foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years .", "years still open to examination by foreign tax authorities in major jurisdictions include : australia ( 2009 onward ) , canada ( 2007 onward ) , france ( 2011 onward ) , germany ( 2009 onward ) , ireland ( 2009 onward ) , italy ( 2010 onward ) , japan ( 2010 onward ) , korea ( 2008 onward ) , puerto rico ( 2008 onward ) , switzerland ( 2012 onward ) , and the united kingdom ( 2012 onward ) .", "16 .", "capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2013 .", "the numerator for both basic and diluted earnings per share is net earnings available to common stockholders .", "the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period .", "the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards .", "the following is a reconciliation of weighted average shares for the basic and diluted share computations ( in millions ) : ." ]

[ "weighted average shares outstanding for basic net earnings per share 169.6 174.9 187.6 effect of dilutive stock options and other equity awards 2.2 1.1 1.1 weighted average shares outstanding for diluted net earnings per share 171.8 176.0 188.7 for the year ended december 31 , 2013 , an average of 3.1 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock .", "for the years ended december 31 , 2012 and 2011 , an average of 11.9 million and 13.2 million options , respectively , were not included .", "during 2013 , we repurchased 9.1 million shares of our common stock at an average price of $ 78.88 per share for a total cash outlay of $ 719.0 million , including commissions .", "effective january 1 , 2014 , we have a new share repurchase program that authorizes purchases of up to $ 1.0 billion with no expiration date .", "no further purchases will be made under the previous share repurchase program .", "17 .", "segment data we design , develop , manufacture and market orthopaedic reconstructive implants , biologics , dental implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in surgical procedures and post-operation rehabilitation .", "we also provide other healthcare-related services .", "we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the u.s .", "and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and african markets ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets .", "this structure is the basis for our reportable segment information discussed below .", "management evaluates reportable segment performance based upon segment operating profit exclusive of operating expenses pertaining to share-based payment expense , inventory step-up and certain other inventory and manufacturing related charges , 201ccertain claims , 201d goodwill impairment , 201cspecial items , 201d and global operations and corporate functions .", "global operations and corporate functions include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , u.s. , puerto rico and ireland-based manufacturing operations and logistics and intangible asset amortization resulting from business combination accounting .", "intercompany transactions have been eliminated from segment operating profit .", "management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s. , puerto rico and ireland-based manufacturing operations and logistics and corporate assets. ." ]

[ [ "For the Years Ended December 31,", "2013", "2012", "2011" ], [ "Weighted average shares outstanding for basic net earnings per share", "169.6", "174.9", "187.6" ], [ "Effect of dilutive stock options and other equity awards", "2.2", "1.1", "1.1" ], [ "Weighted average shares outstanding for diluted net earnings per share", "171.8", "176.0", "188.7" ] ]

[ [ "for the years ended december 31,", "2013", "2012", "2011" ], [ "weighted average shares outstanding for basic net earnings per share", "169.6", "174.9", "187.6" ], [ "effect of dilutive stock options and other equity awards", "2.2", "1.1", "1.1" ], [ "weighted average shares outstanding for diluted net earnings per share", "171.8", "176.0", "188.7" ] ]

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[ "is&gs 2019 operating profit decreased $ 60 million , or 8% ( 8 % ) , for 2014 compared to 2013 .", "the decrease was primarily attributable to the activities mentioned above for sales , lower risk retirements and reserves recorded on an international program , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million for 2014 .", "adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 30 million lower for 2014 compared to 2013 .", "2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .", "the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential and the outsourcing desktop initiative for nasa ) .", "the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .", "is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .", "the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their life cycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 .", "backlog backlog increased in 2014 compared to 2013 primarily due to several multi-year international awards and various u.s .", "multi-year extensions .", "this increase was partially offset by declining activities on various direct warfighter support and command and control programs impacted by defense budget reductions .", "backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets .", "trends we expect is&gs 2019 net sales to decline in 2015 in the low to mid single digit percentage range as compared to 2014 , primarily driven by the continued downturn in federal information technology budgets , an increasingly competitive environment , including the disaggregation of existing contracts , and new contract award delays , partially offset by increased sales resulting from acquisitions that occurred during the year .", "operating profit is expected to decline in the low double digit percentage range in 2015 primarily driven by volume and an increase in intangible amortization from 2014 acquisition activity , resulting in 2015 margins that are lower than 2014 results .", "missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support and integration services ; and manned and unmanned ground vehicles .", "mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss .", "mfc 2019s operating results included the following ( in millions ) : ." ]

[ "2014 compared to 2013 mfc 2019s net sales for 2014 decreased $ 77 million , or 1% ( 1 % ) , compared to 2013 .", "the decrease was primarily attributable to lower net sales of approximately $ 385 million for technical services programs due to decreased volume reflecting market pressures ; and about $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery ." ]

[ [ "", "2014", "2013", "2012" ], [ "Net sales", "$7,680", "$7,757", "$7,457" ], [ "Operating profit", "1,358", "1,431", "1,256" ], [ "Operating margins", "17.7%", "18.4%", "16.8%" ], [ "Backlog at year-end", "$13,600", "$15,000", "$14,700" ] ]

[ [ "", "2014", "2013", "2012" ], [ "net sales", "$ 7680", "$ 7757", "$ 7457" ], [ "operating profit", "1358", "1431", "1256" ], [ "operating margins", "17.7% ( 17.7 % )", "18.4% ( 18.4 % )", "16.8% ( 16.8 % )" ], [ "backlog at year-end", "$ 13600", "$ 15000", "$ 14700" ] ]

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[ "table of contents interest expense , net of capitalized interest increased $ 64 million , or 9.8% ( 9.8 % ) , to $ 710 million in 2013 from $ 646 million in 2012 primarily due to special charges of $ 92 million to recognize post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes .", "other nonoperating expense , net of $ 84 million in 2013 consists principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 48 million .", "other nonoperating income in 2012 consisted principally of a $ 280 million special credit related to the settlement of a commercial dispute partially offset by net foreign currency losses .", "reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases .", "the following table summarizes the components included in reorganization items , net on american 2019s consolidated statements of operations for the years ended december 31 , 2013 and 2012 ( in millions ) : ." ]

[ "( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .", "each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .", "the total value of this deemed claim was approximately $ 1.7 billion .", "( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .", "the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim .", "see note 2 to american 2019s consolidated financial statements in part ii , item 8b for further information .", "( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations .", "as a result , during the year ended december 31 , 2013 , american recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at jfk , and rejected bonds that financed certain improvements at ord , which are included in the table above .", "( 4 ) the plan allowed unsecured creditors receiving aag series a preferred stock a conversion discount of 3.5% ( 3.5 % ) .", "accordingly , american recorded the fair value of such discount upon the confirmation of the plan by the bankruptcy court. ." ]

[ [ "", "2013", "2012" ], [ "Pension and postretirement benefits", "$—", "$(66)" ], [ "Labor-related deemed claim (1)", "1,733", "—" ], [ "Aircraft and facility financing renegotiations and rejections (2), (3)", "320", "1,951" ], [ "Fair value of conversion discount (4)", "218", "—" ], [ "Professional fees", "199", "227" ], [ "Other", "170", "67" ], [ "Total reorganization items, net", "$2,640", "$2,179" ] ]

[ [ "", "2013", "2012" ], [ "pension and postretirement benefits", "$ 2014", "$ -66 ( 66 )" ], [ "labor-related deemed claim ( 1 )", "1733", "2014" ], [ "aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )", "320", "1951" ], [ "fair value of conversion discount ( 4 )", "218", "2014" ], [ "professional fees", "199", "227" ], [ "other", "170", "67" ], [ "total reorganization items net", "$ 2640", "$ 2179" ] ]

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[ "item 4 .", "submission of matters to a vote of security holders no matters were submitted to a vote of security holders during the fourth quarter of 2005 .", "part ii item 5 .", "market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our series a common stock has traded on the new york stock exchange under the symbol 2018 2018ce 2019 2019 since january 21 , 2005 .", "the closing sale price of our series a common stock , as reported by the new york stock exchange , on march 6 , 2006 was $ 20.98 .", "the following table sets forth the high and low intraday sales prices per share of our common stock , as reported by the new york stock exchange , for the periods indicated. ." ]

[ "holders no shares of celanese 2019s series b common stock are issued and outstanding .", "as of march 6 , 2006 , there were 51 holders of record of our series a common stock , and one holder of record of our perpetual preferred stock .", "by including persons holding shares in broker accounts under street names , however , we estimate our shareholder base to be approximately 6800 as of march 6 , 2006 .", "dividend policy in july 2005 , our board of directors adopted a policy of declaring , subject to legally available funds , a quarterly cash dividend on each share of our common stock at an annual rate initially equal to approximately 1% ( 1 % ) of the $ 16 price per share in the initial public offering of our series a common stock ( or $ 0.16 per share ) unless our board of directors , in its sole discretion , determines otherwise , commencing the second quarter of 2005 .", "pursuant to this policy , the company paid the quarterly dividends of $ 0.04 per share on august 11 , 2005 , november 1 , 2005 and february 1 , 2006 .", "based on the number of outstanding shares of our series a common stock , the anticipated annual cash dividend is approximately $ 25 million .", "however , there is no assurance that sufficient cash will be available in the future to pay such dividend .", "further , such dividends payable to holders of our series a common stock cannot be declared or paid nor can any funds be set aside for the payment thereof , unless we have paid or set aside funds for the payment of all accumulated and unpaid dividends with respect to the shares of our preferred stock , as described below .", "our board of directors may , at any time , modify or revoke our dividend policy on our series a common stock .", "we are required under the terms of the preferred stock to pay scheduled quarterly dividends , subject to legally available funds .", "for so long as the preferred stock remains outstanding , ( 1 ) we will not declare , pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and ( 2 ) neither we , nor any of our subsidiaries , will , subject to certain exceptions , redeem , purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise , in each case unless we have paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of preferred stock and any parity stock for all preceding dividend periods .", "pursuant to this policy , the company paid the quarterly dividends of $ 0.265625 on its 4.25% ( 4.25 % ) convertible perpetual preferred stock on august 1 , 2005 , november 1 , 2005 and february 1 , 2006 .", "the anticipated annual cash dividend is approximately $ 10 million. ." ]

[ [ "", "PriceRange" ], [ "2005", "High", "Low" ], [ "Quarterended March 31,2005", "$18.65", "$15.10" ], [ "Quarter endedJune 30,2005", "$18.16", "$13.54" ], [ "Quarter endedSeptember 30, 2005", "$20.06", "$15.88" ], [ "Quarter endedDecember 31,2005", "$19.76", "$15.58" ] ]

[ [ "2005", "pricerange high", "pricerange low" ], [ "quarterended march 312005", "$ 18.65", "$ 15.10" ], [ "quarter endedjune 302005", "$ 18.16", "$ 13.54" ], [ "quarter endedseptember 30 2005", "$ 20.06", "$ 15.88" ], [ "quarter endeddecember 312005", "$ 19.76", "$ 15.58" ] ]

[]

[ "capital resources and liquidity capital resources overview capital has historically been generated by earnings from citi 2019s operating businesses .", "citi may also augment its capital through issuances of common stock , convertible preferred stock , preferred stock , equity issued through awards under employee benefit plans , and , in the case of regulatory capital , through the issuance of subordinated debt underlying trust preferred securities .", "in addition , the impact of future events on citi 2019s business results , such as corporate and asset dispositions , as well as changes in accounting standards , also affect citi 2019s capital levels .", "generally , capital is used primarily to support assets in citi 2019s businesses and to absorb market , credit , or operational losses .", "while capital may be used for other purposes , such as to pay dividends or repurchase common stock , citi 2019s ability to utilize its capital for these purposes is currently restricted due to its agreements with the u.s .", "government , generally for so long as the u.s .", "government continues to hold citi 2019s common stock or trust preferred securities .", "see also 201csupervision and regulation 201d below .", "citigroup 2019s capital management framework is designed to ensure that citigroup and its principal subsidiaries maintain sufficient capital consistent with citi 2019s risk profile and all applicable regulatory standards and guidelines , as well as external rating agency considerations .", "the capital management process is centrally overseen by senior management and is reviewed at the consolidated , legal entity , and country level .", "senior management is responsible for the capital management process mainly through citigroup 2019s finance and asset and liability committee ( finalco ) , with oversight from the risk management and finance committee of citigroup 2019s board of directors .", "the finalco is composed of the senior-most management of citigroup for the purpose of engaging management in decision-making and related discussions on capital and liquidity matters .", "among other things , finalco 2019s responsibilities include : determining the financial structure of citigroup and its principal subsidiaries ; ensuring that citigroup and its regulated entities are adequately capitalized in consultation with its regulators ; determining appropriate asset levels and return hurdles for citigroup and individual businesses ; reviewing the funding and capital markets plan for citigroup ; and monitoring interest rate risk , corporate and bank liquidity , and the impact of currency translation on non-u.s .", "earnings and capital .", "capital ratios citigroup is subject to the risk-based capital guidelines issued by the federal reserve board .", "historically , capital adequacy has been measured , in part , based on two risk-based capital ratios , the tier 1 capital and total capital ( tier 1 capital + tier 2 capital ) ratios .", "tier 1 capital consists of the sum of 201ccore capital elements , 201d such as qualifying common stockholders 2019 equity , as adjusted , qualifying noncontrolling interests , and qualifying mandatorily redeemable securities of subsidiary trusts , principally reduced by goodwill , other disallowed intangible assets , and disallowed deferred tax assets .", "total capital also includes 201csupplementary 201d tier 2 capital elements , such as qualifying subordinated debt and a limited portion of the allowance for credit losses .", "both measures of capital adequacy are stated as a percentage of risk-weighted assets .", "further , in conjunction with the conduct of the 2009 supervisory capital assessment program ( scap ) , u.s .", "banking regulators developed a new measure of capital termed 201ctier 1 common , 201d which has been defined as tier 1 capital less non-common elements , including qualifying perpetual preferred stock , qualifying noncontrolling interests , and qualifying mandatorily redeemable securities of subsidiary trusts .", "citigroup 2019s risk-weighted assets are principally derived from application of the risk-based capital guidelines related to the measurement of credit risk .", "pursuant to these guidelines , on-balance-sheet assets and the credit equivalent amount of certain off-balance-sheet exposures ( such as financial guarantees , unfunded lending commitments , letters of credit , and derivatives ) are assigned to one of several prescribed risk-weight categories based upon the perceived credit risk associated with the obligor , or if relevant , the guarantor , the nature of the collateral , or external credit ratings .", "risk-weighted assets also incorporate a measure for market risk on covered trading account positions and all foreign exchange and commodity positions whether or not carried in the trading account .", "excluded from risk-weighted assets are any assets , such as goodwill and deferred tax assets , to the extent required to be deducted from regulatory capital .", "see 201ccomponents of capital under regulatory guidelines 201d below .", "citigroup is also subject to a leverage ratio requirement , a non-risk-based measure of capital adequacy , which is defined as tier 1 capital as a percentage of quarterly adjusted average total assets .", "to be 201cwell capitalized 201d under federal bank regulatory agency definitions , a bank holding company must have a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) , and a leverage ratio of at least 3% ( 3 % ) , and not be subject to a federal reserve board directive to maintain higher capital levels .", "the following table sets forth citigroup 2019s regulatory capital ratios as of december 31 , 2009 and december 31 , 2008 .", "citigroup regulatory capital ratios ." ]

[ "as noted in the table above , citigroup was 201cwell capitalized 201d under the federal bank regulatory agency definitions at year end for both 2009 and 2008. ." ]

[ [ "At year end", "2009", "2008" ], [ "Tier 1 Common", "9.60%", "2.30%" ], [ "Tier 1 Capital", "11.67", "11.92" ], [ "Total Capital (Tier 1 Capital and Tier 2 Capital)", "15.25", "15.70" ], [ "Leverage", "6.89", "6.08" ] ]

[ [ "at year end", "2009", "2008" ], [ "tier 1 common", "9.60% ( 9.60 % )", "2.30% ( 2.30 % )" ], [ "tier 1 capital", "11.67", "11.92" ], [ "total capital ( tier 1 capital and tier 2 capital )", "15.25", "15.70" ], [ "leverage", "6.89", "6.08" ] ]

[]

[ "liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings .", "we continue to expect our operating cash flow to remain strong .", "as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s .", "as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate .", "these liabilities were recorded as part of the respective purchase price accounting of each transaction .", "the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 .", "as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 .", "the credit facility has been established with a diverse syndicate of banks .", "there were no borrowings under our credit facility as of december 31 , 2017 or 2016 .", "the credit facility supports our $ 2.0 billion u.s .", "commercial paper program and $ 2.0 billion european commercial paper program .", "combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion .", "at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s .", "commercial paper program .", "additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs .", "most of these lines are used to support global cash pooling structures .", "approximately $ 643 million of these credit lines were available for use as of year-end 2017 .", "bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions .", "we do not have any other significant unconditional purchase obligations or commercial commitments .", "as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s .", "as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively .", "a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities .", "should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds .", "in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility .", "we are in compliance with our debt covenants and other requirements of our credit agreements and indentures .", "a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: ." ]

[ "* interest on variable rate debt was calculated using the interest rate at year-end 2017 .", "during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act .", "the expense is primarily related to the one-time transition tax , which is payable over eight years .", "as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance .", "as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million .", "we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required .", "therefore , these amounts have been excluded from the schedule of contractual obligations. ." ]

[ [ "", "", "Payments Due by Period" ], [ "(millions)", "Total", "Less Than 1 Year", "2-3 Years", "4-5 Years", "More Than 5 Years" ], [ "Notes payable", "$ 15", "$ 15", "$ -", "$ -", "$ -" ], [ "One-time transition tax", "160", "13", "26", "26", "95" ], [ "Long-term debt", "7,303", "549", "696", "1,513", "4,545" ], [ "Capital lease obligations", "5", "1", "1", "1", "2" ], [ "Operating leases", "617", "131", "211", "160", "115" ], [ "Interest*", "2,753", "242", "436", "375", "1,700" ], [ "Total", "$ 10,853", "$ 951", "$ 1,370", "$ 2,075", "$ 6,457" ] ]

[ [ "( millions )", "total", "payments due by period less than 1 year", "payments due by period 2-3 years", "payments due by period 4-5 years", "payments due by period more than 5 years" ], [ "notes payable", "$ 15", "$ 15", "$ -", "$ -", "$ -" ], [ "one-time transition tax", "160", "13", "26", "26", "95" ], [ "long-term debt", "7303", "549", "696", "1513", "4545" ], [ "capital lease obligations", "5", "1", "1", "1", "2" ], [ "operating leases", "617", "131", "211", "160", "115" ], [ "interest*", "2753", "242", "436", "375", "1700" ], [ "total", "$ 10853", "$ 951", "$ 1370", "$ 2075", "$ 6457" ] ]

[]

[ "item 7 .", "management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe .", "our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis .", "2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil .", "2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in eg .", "certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward-looking statements concerning trends or events potentially affecting our business .", "these statements typically contain words such as 201canticipates , 201d 201cbelieves , 201d 201cestimates , 201d 201cexpects , 201d 201ctargets , 201d 201cplans , 201d 201cprojects , 201d 201ccould , 201d 201cmay , 201d 201cshould , 201d 201cwould 201d or similar words indicating that future outcomes are uncertain .", "in accordance with 201csafe harbor 201d provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements .", "for additional risk factors affecting our business , see item 1a .", "risk factors in this annual report on form 10-k .", "management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 .", "business , item 1a .", "risk factors and item 8 .", "financial statements and supplementary data found in this annual report on form 10-k .", "spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc .", "marathon shareholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held .", "fractional shares of mpc common stock were not distributed and any fractional share of mpc common stock otherwise issuable to a marathon shareholder was sold in the open market on such shareholder 2019s behalf , and such shareholder received a cash payment with respect to that fractional share .", "a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off .", "activities related to the downstream business have been treated as discontinued operations in all periods presented in this annual report on form 10-k ( see item 8 .", "financial statements and supplementary data 2014note 3 to the consolidated financial statements for additional information ) .", "overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows .", "prices of crude oil have been volatile in recent years .", "in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti .", "during much of 2010 , both wti and brent crude oil monthly average prices remained in the $ 75 to $ 85 per barrel range .", "crude oil prices reached a low of $ 33.98 in february 2009 , following global demand declines in an economic recession , but recovered quickly ending 2009 at $ 79.36 .", "the following table lists benchmark crude oil and natural gas price annual averages for the past three years. ." ]

[ "wti crude oil ( dollars per bbl ) $ 95.11 $ 79.61 $ 62.09 brent ( europe ) crude oil ( dollars per bbl ) 111.26 79.51 61.49 henry hub natural gas ( dollars per mmbtu ) ( a ) $ 4.04 $ 4.39 $ 3.99 ( a ) settlement date average .", "our u.s .", "crude oil production was approximately 58 percent sour in 2011 and 68 percent in 2010 .", "sour crude contains more sulfur than light sweet wti does .", "sour crude oil also tends to be heavier than light sweet crude oil and sells at a discount to light sweet crude oil because of higher refining costs and lower refined product values .", "our international crude oil production is relatively sweet and is generally sold in relation to the brent crude benchmark .", "the differential between wti and brent average prices widened significantly in 2011 to $ 16.15 in comparison to differentials of less than $ 1.00 in 2010 and 2009. ." ]

[ [ "Benchmark", "2011", "2010", "2009" ], [ "WTI crude oil<i>(Dollars per bbl)</i>", "$95.11", "$79.61", "$62.09" ], [ "Brent (Europe) crude oil<i>(Dollars per bbl)</i>", "111.26", "79.51", "61.49" ], [ "Henry Hub natural gas<i>(Dollars per mmbtu)</i>^(a)", "$4.04", "$4.39", "$3.99" ] ]

[ [ "benchmark", "2011", "2010", "2009" ], [ "wti crude oil ( dollars per bbl )", "$ 95.11", "$ 79.61", "$ 62.09" ], [ "brent ( europe ) crude oil ( dollars per bbl )", "111.26", "79.51", "61.49" ], [ "henry hub natural gas ( dollars per mmbtu ) ( a )", "$ 4.04", "$ 4.39", "$ 3.99" ] ]

[ { "arg1": "111.26", "arg2": "79.51", "op": "minus2-1", "res": "31.75" }, { "arg1": "#0", "arg2": "79.51", "op": "divide2-2", "res": "39.9%" } ]

[ "contributions and future benefit payments we expect to make contributions of $ 28.1 million to our defined benefit , other postretirement , and postemployment benefits plans in fiscal 2009 .", "actual 2009 contributions could exceed our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities and future changes in government requirements .", "estimated benefit payments , which reflect expected future service , as appropriate , are expected to be paid from fiscal 2009-2018 as follows : in millions defined benefit pension postretirement benefit plans gross payments medicare subsidy receipts postemployment benefit ......................................................................................................................................................................................... ." ]

[ "defined contribution plans the general mills savings plan is a defined contribution plan that covers salaried and nonunion employees .", "it had net assets of $ 2309.9 million as of may 25 , 2008 and $ 2303.0 million as of may 27 , 2007.this plan is a 401 ( k ) savings plan that includes a number of investment funds and an employee stock ownership plan ( esop ) .", "we sponsor another savings plan for certain hourly employees with net assets of $ 16.0 million as of may 25 , 2008 .", "our total recognized expense related to defined contribution plans was $ 61.9 million in fiscal 2008 , $ 48.3 million in fiscal 2007 , and $ 45.5 million in fiscal 2006 .", "the esop originally purchased our common stock principally with funds borrowed from third parties and guaranteed by us.the esop shares are included in net shares outstanding for the purposes of calculating eps .", "the esop 2019s third-party debt was repaid on june 30 , 2007 .", "the esop 2019s only assets are our common stock and temporary cash balances.the esop 2019s share of the total defined contribution expense was $ 52.3 million in fiscal 2008 , $ 40.1 million in fiscal 2007 , and $ 37.6 million in fiscal 2006 .", "the esop 2019s expensewas calculated by the 201cshares allocated 201dmethod .", "the esop used our common stock to convey benefits to employees and , through increased stock ownership , to further align employee interests with those of stockholders.wematched a percentage of employee contributions to the general mills savings plan with a base match plus a variable year end match that depended on annual results .", "employees received our match in the form of common stock .", "our cash contribution to the esop was calculated so as to pay off enough debt to release sufficient shares to make our match .", "the esop used our cash contributions to the plan , plus the dividends received on the esop 2019s leveraged shares , to make principal and interest payments on the esop 2019s debt .", "as loan payments were made , shares became unencumbered by debt and were committed to be allocated .", "the esop allocated shares to individual employee accounts on the basis of the match of employee payroll savings ( contributions ) , plus reinvested dividends received on previously allocated shares .", "the esop incurred net interest of less than $ 1.0 million in each of fiscal 2007 and 2006 .", "the esop used dividends of $ 2.5 million in fiscal 2007 and $ 3.9 million in 2006 , along with our contributions of less than $ 1.0 million in each of fiscal 2007 and 2006 to make interest and principal payments .", "the number of shares of our common stock allocated to participants in the esop was 5.2 million as of may 25 , 2008 , and 5.4 million as of may 27 , 2007 .", "annual report 2008 81 ." ]

[ [ "In Millions", "Defined Benefit Pension Plans", "Other Postretirement Benefit Plans Gross Payments", "Medicare Subsidy Receipts", "Postemployment Benefit Plans" ], [ "2009", "$176.3", "$56.0", "$(6.1)", "$16.6" ], [ "2010", "182.5", "59.9", "(6.7)", "17.5" ], [ "2011", "189.8", "63.3", "(7.3)", "18.1" ], [ "2012", "197.5", "67.0", "(8.0)", "18.8" ], [ "2013", "206.6", "71.7", "(8.7)", "19.4" ], [ "2014 – 2018", "1,187.3", "406.8", "(55.3)", "106.3" ] ]

[ [ "in millions", "defined benefit pension plans", "other postretirement benefit plans gross payments", "medicare subsidy receipts", "postemployment benefit plans" ], [ "2009", "$ 176.3", "$ 56.0", "$ -6.1 ( 6.1 )", "$ 16.6" ], [ "2010", "182.5", "59.9", "-6.7 ( 6.7 )", "17.5" ], [ "2011", "189.8", "63.3", "-7.3 ( 7.3 )", "18.1" ], [ "2012", "197.5", "67.0", "-8.0 ( 8.0 )", "18.8" ], [ "2013", "206.6", "71.7", "-8.7 ( 8.7 )", "19.4" ], [ "2014 2013 2018", "1187.3", "406.8", "-55.3 ( 55.3 )", "106.3" ] ]

[]

[ "results of operations and the estimated fair value of acquired assets and assumed liabilities are recorded in the consolidated financial statements from the date of acquisition .", "pro forma results of operations for the business combinations completed during fiscal 2016 have not been presented because the effects of these acquisitions , individually and in the aggregate , would not have been material to cadence 2019s financial results .", "the fair values of acquired intangible assets and assumed liabilities were determined using significant inputs that are not observable in the market .", "for an additional description of these fair value calculations , see note 16 in the notes to the consolidated financial statements .", "a trust for the benefit of the children of lip-bu tan , cadence 2019s president , chief executive officer , or ceo , and director , owned less than 2% ( 2 % ) of rocketick technologies ltd. , one of the acquired companies , and mr .", "tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust .", "the board of directors of cadence reviewed the transaction and concluded that it was in the best interests of cadence to proceed with the transaction .", "mr .", "tan recused himself from the board of directors 2019 discussion of the valuation of rocketick technologies ltd .", "and on whether to proceed with the transaction .", "a financial advisor provided a fairness opinion to cadence in connection with the transaction .", "2014 acquisitions during fiscal 2014 , cadence acquired jasper design automation , inc. , or jasper , a privately held provider of formal analysis solutions based in mountain view , california .", "the acquired technology complements cadence 2019s existing system design and verification platforms .", "total cash consideration for jasper , after taking into account adjustments for certain costs , and cash held by jasper at closing of $ 28.7 million , was $ 139.4 million .", "cadence will also make payments to certain employees through the third quarter of fiscal 2017 subject to continued employment and other conditions .", "cadence also completed two other business combinations during fiscal 2014 for total cash consideration of $ 27.5 million , after taking into account cash acquired of $ 2.1 million .", "acquisition-related transaction costs transaction costs associated with acquisitions were $ 1.1 million , $ 0.7 million and $ 3.7 million during fiscal 2016 , 2015 and 2014 , respectively .", "these costs consist of professional fees and administrative costs and were expensed as incurred in cadence 2019s consolidated income statements .", "note 8 .", "goodwill and acquired intangibles goodwill the changes in the carrying amount of goodwill during fiscal 2016 and 2015 were as follows : gross carrying amount ( in thousands ) ." ]

[ "cadence completed its annual goodwill impairment test during the third quarter of fiscal 2016 and determined that the fair value of cadence 2019s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed. ." ]

[ [ "", "Gross CarryingAmount (In thousands)" ], [ "Balance as of January 3, 2015", "$553,767" ], [ "Effect of foreign currency translation", "(1,995)" ], [ "Balance as of January 2, 2016", "551,772" ], [ "Goodwill resulting from acquisitions", "23,579" ], [ "Effect of foreign currency translation", "(2,587)" ], [ "Balance as of December 31, 2016", "$572,764" ] ]

[ [ "", "gross carryingamount ( in thousands )" ], [ "balance as of january 3 2015", "$ 553767" ], [ "effect of foreign currency translation", "-1995 ( 1995 )" ], [ "balance as of january 2 2016", "551772" ], [ "goodwill resulting from acquisitions", "23579" ], [ "effect of foreign currency translation", "-2587 ( 2587 )" ], [ "balance as of december 31 2016", "$ 572764" ] ]

[]

[ "american tower corporation and subsidiaries notes to consolidated financial statements recognizing customer revenue , the company must assess the collectability of both the amounts billed and the portion recognized on a straight-line basis .", "this assessment takes customer credit risk and business and industry conditions into consideration to ultimately determine the collectability of the amounts billed .", "to the extent the amounts , based on management 2019s estimates , may not be collectible , recognition is deferred until such point as the uncertainty is resolved .", "any amounts which were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense .", "accounts receivable are reported net of allowances for doubtful accounts related to estimated losses resulting from a customer 2019s inability to make required payments and reserves for amounts invoiced whose collectability is not reasonably assured .", "these allowances are generally estimated based on payment patterns , days past due and collection history , and incorporate changes in economic conditions that may not be reflected in historical trends , such as customers in bankruptcy , liquidation or reorganization .", "receivables are written-off against the allowances when they are determined uncollectible .", "such determination includes analysis and consideration of the particular conditions of the account .", "changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : ." ]

[ "the company 2019s largest international customer is iusacell , which is the brand name under which a group of companies controlled by grupo iusacell , s.a .", "de c.v .", "( 201cgrupo iusacell 201d ) operates .", "iusacell represented approximately 4% ( 4 % ) of the company 2019s total revenue for the year ended december 31 , 2010 .", "grupo iusacell has been engaged in a refinancing of a majority of its u.s .", "dollar denominated debt , and in connection with this process , two of the legal entities of the group , including grupo iusacell , voluntarily filed for a pre-packaged concurso mercantil ( a process substantially equivalent to chapter 11 of u.s .", "bankruptcy law ) with the backing of a majority of their financial creditors in december 2010 .", "as of december 31 , 2010 , iusacell notes receivable , net , and related assets ( which include financing lease commitments and a deferred rent asset that are primarily long-term in nature ) were $ 19.7 million and $ 51.2 million , respectively .", "functional currency 2014as a result of changes to the organizational structure of the company 2019s subsidiaries in latin america in 2010 , the company determined that effective january 1 , 2010 , the functional currency of its foreign subsidiary in brazil is the brazilian real .", "from that point forward , all assets and liabilities held by the subsidiary in brazil are translated into u.s .", "dollars at the exchange rate in effect at the end of the applicable reporting period .", "revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity .", "the change in functional currency from u.s .", "dollars to brazilian real gave rise to an increase in the net value of certain non-monetary assets and liabilities .", "the aggregate impact on such assets and liabilities was $ 39.8 million with an offsetting increase in accumulated other comprehensive income ( loss ) .", "as a result of the renegotiation of the company 2019s agreements with its largest international customer , iusacell , which included , among other changes , converting all of iusacell 2019s contractual obligations to the company from u.s .", "dollars to mexican pesos , the company has determined that effective april 1 , 2010 , the functional currency of certain of its foreign subsidiaries in mexico is the mexican peso .", "from that point forward , all assets and liabilities held by those subsidiaries in mexico are translated into u.s .", "dollars at the exchange rate in effect at the end of the applicable reporting period .", "revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity .", "the change in functional ." ]

[ [ "", "2010", "2009", "2008" ], [ "Balance as of January 1,", "$28,520", "$11,482", "$8,850" ], [ "Current year increases", "16,219", "26,771", "12,059" ], [ "Recoveries and other", "(22,234)", "(9,733)", "(9,427)" ], [ "Balance as of December 31,", "$22,505", "$28,520", "$11,482" ] ]

[ [ "", "2010", "2009", "2008" ], [ "balance as of january 1,", "$ 28520", "$ 11482", "$ 8850" ], [ "current year increases", "16219", "26771", "12059" ], [ "recoveries and other", "-22234 ( 22234 )", "-9733 ( 9733 )", "-9427 ( 9427 )" ], [ "balance as of december 31,", "$ 22505", "$ 28520", "$ 11482" ] ]

[]

[ "indemnification and repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .", "in connection with pooled settlements , we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction .", "for the first and second-lien mortgage balances of unresolved and settled claims contained in the tables below , a significant amount of these claims were associated with sold loans originated through correspondent lender and broker origination channels .", "in certain instances when indemnification or repurchase claims are settled for these types of sold loans , we have recourse back to the correspondent lenders , brokers and other third-parties ( e.g. , contract underwriting companies , closing agents , appraisers , etc. ) .", "depending on the underlying reason for the investor claim , we determine our ability to pursue recourse with these parties and file claims with them accordingly .", "our historical recourse recovery rate has been insignificant as our efforts have been impacted by the inability of such parties to reimburse us for their recourse obligations ( e.g. , their capital availability or whether they remain in business ) or factors that limit our ability to pursue recourse from these parties ( e.g. , contractual loss caps , statutes of limitations ) .", "origination and sale of residential mortgages is an ongoing business activity , and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements .", "we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages for which indemnification is expected to be provided or for loans that are expected to be repurchased .", "for the first and second- lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made , demand patterns observed to date and/or expected in the future , and our estimate of future claims on a loan by loan basis .", "to estimate the mortgage repurchase liability arising from breaches of representations and warranties , we consider the following factors : ( i ) borrower performance in our historically sold portfolio ( both actual and estimated future defaults ) , ( ii ) the level of outstanding unresolved repurchase claims , ( iii ) estimated probable future repurchase claims , considering information about file requests , delinquent and liquidated loans , resolved and unresolved mortgage insurance rescission notices and our historical experience with claim rescissions , ( iv ) the potential ability to cure the defects identified in the repurchase claims ( 201crescission rate 201d ) , and ( v ) the estimated severity of loss upon repurchase of the loan or collateral , make-whole settlement , or indemnification .", "see note 24 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information .", "the following tables present the unpaid principal balance of repurchase claims by vintage and total unresolved repurchase claims for the past five quarters .", "table 28 : analysis of quarterly residential mortgage repurchase claims by vintage dollars in millions december 31 september 30 june 30 march 31 december 31 ." ]

[ "the pnc financial services group , inc .", "2013 form 10-k 79 ." ]

[ [ "Dollars in millions", "December 31 2012", "September 30 2012", "June 30 2012", "March 31 2012", "December 312011" ], [ "2004 & Prior", "$11", "$15", "$31", "$10", "$11" ], [ "2005", "8", "10", "19", "12", "13" ], [ "2006", "23", "30", "56", "41", "28" ], [ "2007", "45", "137", "182", "100", "90" ], [ "2008", "7", "23", "49", "17", "18" ], [ "2008 & Prior", "94", "215", "337", "180", "160" ], [ "2009 – 2012", "38", "52", "42", "33", "29" ], [ "Total", "$132", "$267", "$379", "$213", "$189" ], [ "FNMA, FHLMC, and GNMA %", "94%", "87%", "86%", "88%", "91%" ] ]

[ [ "dollars in millions", "december 31 2012", "september 30 2012", "june 30 2012", "march 31 2012", "december 312011" ], [ "2004 & prior", "$ 11", "$ 15", "$ 31", "$ 10", "$ 11" ], [ "2005", "8", "10", "19", "12", "13" ], [ "2006", "23", "30", "56", "41", "28" ], [ "2007", "45", "137", "182", "100", "90" ], [ "2008", "7", "23", "49", "17", "18" ], [ "2008 & prior", "94", "215", "337", "180", "160" ], [ "2009 2013 2012", "38", "52", "42", "33", "29" ], [ "total", "$ 132", "$ 267", "$ 379", "$ 213", "$ 189" ], [ "fnma fhlmc and gnma % ( % )", "94% ( 94 % )", "87% ( 87 % )", "86% ( 86 % )", "88% ( 88 % )", "91% ( 91 % )" ] ]

[ { "arg1": "12", "arg2": "41", "op": "add1-1", "res": "53" }, { "arg1": "#0", "arg2": "100", "op": "add1-2", "res": "153" }, { "arg1": "#1", "arg2": "17", "op": "add1-3", "res": "170" } ]

[ "research and development we are committed to investing in highly productive research and development capabilities , particularly in electro-mechanical systems .", "our research and development ( \"r&d\" ) expenditures were approximately $ 48.3 million , $ 47.3 million and $ 45.2 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "we concentrate on developing technology innovations that will deliver growth through the introduction of new products and solutions , and also on driving continuous improvements in product cost , quality , safety and sustainability .", "we manage our r&d team as a global group with an emphasis on a global collaborative approach to identify and develop new technologies and worldwide product platforms .", "we are organized on a regional basis to leverage expertise in local standards and configurations .", "in addition to regional engineering centers in each geographic region , we also operate a global engineering center of excellence in bangalore , india .", "seasonality our business experiences seasonality that varies by product line .", "because more construction and do-it-yourself projects occur during the second and third calendar quarters of each year in the northern hemisphere , our security product sales , typically , are higher in those quarters than in the first and fourth calendar quarters .", "however , our interflex business typically experiences higher sales in the fourth calendar quarter due to project timing .", "revenue by quarter for the years ended december 31 , 2017 , 2016 and 2015 are as follows: ." ]

[ "employees we currently have approximately 10000 employees .", "environmental regulation we have a dedicated environmental program that is designed to reduce the utilization and generation of hazardous materials during the manufacturing process as well as to remediate identified environmental concerns .", "as to the latter , we are currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities .", "the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes .", "we are sometimes a party to environmental lawsuits and claims and have received notices of potential violations of environmental laws and regulations from the u.s .", "environmental protection agency ( the \"epa\" ) and similar state authorities .", "we have also been identified as a potentially responsible party ( \"prp\" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites .", "for all such sites , there are other prps and , in most instances , our involvement is minimal .", "in estimating our liability , we have assumed that we will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable .", "the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis .", "additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future .", "we incurred $ 3.2 million , $ 23.3 million , and $ 4.4 million of expenses during the years ended december 31 , 2017 , 2016 , and 2015 , respectively , for environmental remediation at sites presently or formerly owned or leased by us .", "as of december 31 , 2017 and 2016 , we have recorded reserves for environmental matters of $ 28.9 million and $ 30.6 million .", "of these amounts $ 8.9 million and $ 9.6 million , respectively , relate to remediation of sites previously disposed by us .", "given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain. ." ]

[ [ "", "First Quarter", "Second Quarter", "Third Quarter", "Fourth Quarter" ], [ "2017", "23%", "26%", "25%", "26%" ], [ "2016", "22%", "26%", "26%", "26%" ], [ "2015", "22%", "25%", "26%", "27%" ] ]

[ [ "", "first quarter", "second quarter", "third quarter", "fourth quarter" ], [ "2017", "23% ( 23 % )", "26% ( 26 % )", "25% ( 25 % )", "26% ( 26 % )" ], [ "2016", "22% ( 22 % )", "26% ( 26 % )", "26% ( 26 % )", "26% ( 26 % )" ], [ "2015", "22% ( 22 % )", "25% ( 25 % )", "26% ( 26 % )", "27% ( 27 % )" ] ]

[ { "arg1": "28.9", "arg2": "30.6", "op": "add2-1", "res": "59.5" }, { "arg1": "#0", "arg2": "const_2", "op": "divide2-2", "res": "29.75" } ]

[ "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": "add1-1", "res": "9412897" }, { "arg1": "7189652", "arg2": "#0", "op": "divide1-2", "res": "76.4%" } ]

[ "entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities .", "results of operations net income 2011 compared to 2010 net income increased $ 242.5 million primarily due to a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts , which resulted in a $ 422 million income tax benefit .", "the net income effect was partially offset by a $ 199 million regulatory charge , which reduced net revenue , because a portion of the benefit will be shared with customers .", "see note 3 to the financial statements for additional discussion of the settlement and benefit sharing .", "2010 compared to 2009 net income decreased slightly by $ 1.4 million primarily due to higher other operation and maintenance expenses , a higher effective income tax rate , and higher interest expense , almost entirely offset by higher net revenue .", "net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .", "following is an analysis of the change in net revenue comparing 2011 to 2010 .", "amount ( in millions ) ." ]

[ "the mark-to-market tax settlement sharing variance results from a regulatory charge because a portion of the benefits of a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts will be shared with customers , slightly offset by the amortization of a portion of that charge beginning in october 2011 .", "see notes 3 and 8 to the financial statements for additional discussion of the settlement and benefit sharing .", "the retail electric price variance is primarily due to a formula rate plan increase effective may 2011 .", "see note 2 to the financial statements for discussion of the formula rate plan increase. ." ]

[ [ "", "Amount (In Millions)" ], [ "2010 net revenue", "$1,043.7" ], [ "Mark-to-market tax settlement sharing", "(195.9)" ], [ "Retail electric price", "32.5" ], [ "Volume/weather", "11.6" ], [ "Other", "(5.7)" ], [ "2011 net revenue", "$886.2" ] ]

[ [ "", "amount ( in millions )" ], [ "2010 net revenue", "$ 1043.7" ], [ "mark-to-market tax settlement sharing", "-195.9 ( 195.9 )" ], [ "retail electric price", "32.5" ], [ "volume/weather", "11.6" ], [ "other", "-5.7 ( 5.7 )" ], [ "2011 net revenue", "$ 886.2" ] ]

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[ "selling , general , and administrative expenses selling , general , and administrative expenses increased to $ 65.2 million in 2010 from $ 52.9 million in 2009 due primarily to increases in compensation expense and recruitment costs , principally in connection with higher headcount in 2010 , and an increase in non-cash compensation expense for the reasons described above .", "cost of goods sold cost of goods sold in 2010 and 2009 was $ 2.1 million and $ 1.7 million , respectively , and consisted primarily of royalties and other period costs related to arcalyst ae commercial supplies .", "to date , arcalyst ae shipments to our customers have primarily consisted of supplies of inventory manufactured and expensed as research and development costs prior to fda approval in 2008 ; therefore , the costs of these supplies were not included in costs of goods sold .", "other income and expense investment income decreased to $ 2.1 million in 2010 from $ 4.5 million in 2009 , due primarily to lower yields on , and lower average balances of , cash and marketable securities .", "interest expense increased to $ 9.1 million in 2010 from $ 2.3 million in 2009 .", "interest expense is primarily attributable to the imputed interest portion of payments to our landlord , commencing in the third quarter of 2009 , to lease newly constructed laboratory and office facilities in tarrytown , new york .", "income tax expense ( benefit ) in 2010 , we did not recognize any income tax expense or benefit .", "in 2009 , we recognized a $ 4.1 million income tax benefit , consisting primarily of ( i ) $ 2.7 million resulting from a provision in the worker , homeownership , and business assistance act of 2009 that allowed us to claim a refund of u.s .", "federal alternative minimum tax that we paid in 2008 , and ( ii ) $ 0.7 million resulting from a provision in the american recovery and reinvestment act of 2009 that allowed us to claim a refund for a portion of our unused pre-2006 research tax credits .", "years ended december 31 , 2009 and 2008 net loss regeneron reported a net loss of $ 67.8 million , or $ 0.85 per share ( basic and diluted ) , for the year ended december 31 , 2009 , compared to a net loss of $ 79.1 million , or $ 1.00 per share ( basic and diluted ) for 2008 .", "the decrease in our net loss in 2009 was principally due to higher collaboration revenue in connection with our antibody collaboration with sanofi-aventis , receipt of a $ 20.0 million substantive performance milestone payment in connection with our vegf trap-eye collaboration with bayer healthcare , and higher arcalyst ae sales , partly offset by higher research and development expenses , as detailed below .", "revenues revenues in 2009 and 2008 consist of the following: ." ]

[ "." ]

[ [ "(In millions)", "2009", "2008" ], [ "Collaboration revenue", "", "" ], [ "Sanofi-aventis", "$247.2", "$154.0" ], [ "Bayer HealthCare", "67.3", "31.2" ], [ "Total collaboration revenue", "314.5", "185.2" ], [ "Technology licensing revenue", "40.0", "40.0" ], [ "Net product sales", "18.4", "6.3" ], [ "Contract research and other revenue", "6.4", "7.0" ], [ "Total revenue", "$379.3", "$238.5" ] ]

[ [ "( in millions )", "2009", "2008" ], [ "collaboration revenue", "", "" ], [ "sanofi-aventis", "$ 247.2", "$ 154.0" ], [ "bayer healthcare", "67.3", "31.2" ], [ "total collaboration revenue", "314.5", "185.2" ], [ "technology licensing revenue", "40.0", "40.0" ], [ "net product sales", "18.4", "6.3" ], [ "contract research and other revenue", "6.4", "7.0" ], [ "total revenue", "$ 379.3", "$ 238.5" ] ]

[]

[ "ventas , inc .", "notes to consolidated financial statements 2014 ( continued ) if we experience certain kinds of changes of control , the issuers must make an offer to repurchase the senior notes , in whole or in part , at a purchase price in cash equal to 101% ( 101 % ) of the principal amount of the senior notes , plus any accrued and unpaid interest to the date of purchase ; provided , however , that in the event moody 2019s and s&p have confirmed their ratings at ba3 or higher and bb- or higher on the senior notes and certain other conditions are met , this repurchase obligation will not apply .", "mortgages at december 31 , 2006 , we had outstanding 53 mortgage loans that we assumed in connection with various acquisitions .", "outstanding principal balances on these loans ranged from $ 0.4 million to $ 114.4 million as of december 31 , 2006 .", "the loans bear interest at fixed rates ranging from 5.6% ( 5.6 % ) to 8.5% ( 8.5 % ) per annum , except with respect to eight loans with outstanding principal balances ranging from $ 0.4 million to $ 114.4 million , which bear interest at the lender 2019s variable rates , ranging from 3.6% ( 3.6 % ) to 8.5% ( 8.5 % ) per annum at of december 31 , 2006 .", "the fixed rate debt bears interest at a weighted average annual rate of 7.06% ( 7.06 % ) and the variable rate debt bears interest at a weighted average annual rate of 5.61% ( 5.61 % ) as of december 31 , 2006 .", "the loans had a weighted average maturity of eight years as of december 31 , 2006 .", "the $ 114.4 variable mortgage debt was repaid in january 2007 .", "scheduled maturities of borrowing arrangements and other provisions as of december 31 , 2006 , our indebtedness has the following maturities ( in thousands ) : ." ]

[ "certain provisions of our long-term debt contain covenants that limit our ability and the ability of certain of our subsidiaries to , among other things : ( i ) incur debt ; ( ii ) make certain dividends , distributions and investments ; ( iii ) enter into certain transactions ; ( iv ) merge , consolidate or transfer certain assets ; and ( v ) sell assets .", "we and certain of our subsidiaries are also required to maintain total unencumbered assets of at least 150% ( 150 % ) of this group 2019s unsecured debt .", "derivatives and hedging in the normal course of business , we are exposed to the effect of interest rate changes .", "we limit these risks by following established risk management policies and procedures including the use of derivatives .", "for interest rate exposures , derivatives are used primarily to fix the rate on debt based on floating-rate indices and to manage the cost of borrowing obligations .", "we currently have an interest rate swap to manage interest rate risk ( the 201cswap 201d ) .", "we prohibit the use of derivative instruments for trading or speculative purposes .", "further , we have a policy of only entering into contracts with major financial institutions based upon their credit ratings and other factors .", "when viewed in conjunction with the underlying and offsetting exposure that the derivative is designed to hedge , we do not anticipate any material adverse effect on our net income or financial position in the future from the use of derivatives. ." ]

[ [ "2007", "$130,206" ], [ "2008", "33,117" ], [ "2009", "372,725" ], [ "2010", "265,915" ], [ "2011", "273,761" ], [ "Thereafter", "1,261,265" ], [ "Total maturities", "2,336,989" ], [ "Less unamortized commission fees and discounts", "(7,936)" ], [ "Senior notes payable and other debt", "$2,329,053" ] ]

[ [ "2007", "$ 130206" ], [ "2008", "33117" ], [ "2009", "372725" ], [ "2010", "265915" ], [ "2011", "273761" ], [ "thereafter", "1261265" ], [ "total maturities", "2336989" ], [ "less unamortized commission fees and discounts", "-7936 ( 7936 )" ], [ "senior notes payable and other debt", "$ 2329053" ] ]

[]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .", "our series a common stock , series b common stock and series c common stock are listed and traded on the nasdaq global select market ( 201cnasdaq 201d ) under the symbols 201cdisca , 201d 201cdiscb 201d and 201cdisck , 201d respectively .", "the following table sets forth , for the periods indicated , the range of high and low sales prices per share of our series a common stock , series b common stock and series c common stock as reported on yahoo! finance ( finance.yahoo.com ) .", "series a common stock series b common stock series c common stock high low high low high low fourth quarter $ 23.73 $ 16.28 $ 26.80 $ 20.00 $ 22.47 $ 15.27 third quarter $ 27.18 $ 20.80 $ 27.90 $ 22.00 $ 26.21 $ 19.62 second quarter $ 29.40 $ 25.11 $ 29.55 $ 25.45 $ 28.90 $ 24.39 first quarter $ 29.62 $ 26.34 $ 29.65 $ 27.55 $ 28.87 $ 25.76 fourth quarter $ 29.55 $ 25.01 $ 30.50 $ 26.00 $ 28.66 $ 24.20 third quarter $ 26.97 $ 24.27 $ 28.00 $ 25.21 $ 26.31 $ 23.44 second quarter $ 29.31 $ 23.73 $ 29.34 $ 24.15 $ 28.48 $ 22.54 first quarter $ 29.42 $ 24.33 $ 29.34 $ 24.30 $ 28.00 $ 23.81 as of february 21 , 2018 , there were approximately 1308 , 75 and 1414 record holders of our series a common stock , series b common stock and series c common stock , respectively .", "these amounts do not include the number of shareholders whose shares are held of record by banks , brokerage houses or other institutions , but include each such institution as one shareholder .", "we have not paid any cash dividends on our series a common stock , series b common stock or series c common stock , and we have no present intention to do so .", "payment of cash dividends , if any , will be determined by our board of directors after consideration of our earnings , financial condition and other relevant factors such as our credit facility's restrictions on our ability to declare dividends in certain situations .", "purchases of equity securities the following table presents information about our repurchases of common stock that were made through open market transactions during the three months ended december 31 , 2017 ( in millions , except per share amounts ) .", "period total number of series c shares purchased average paid per share : series c ( a ) total number of shares purchased as part of publicly announced plans or programs ( b ) ( c ) approximate dollar value of shares that may yet be purchased under the plans or programs ( a ) ( b ) october 1 , 2017 - october 31 , 2017 2014 $ 2014 2014 $ 2014 november 1 , 2017 - november 30 , 2017 2014 $ 2014 2014 $ 2014 december 1 , 2017 - december 31 , 2017 2014 $ 2014 2014 $ 2014 total 2014 2014 $ 2014 ( a ) the amounts do not give effect to any fees , commissions or other costs associated with repurchases of shares .", "( b ) under the stock repurchase program , management was authorized to purchase shares of the company's common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices or pursuant to one or more accelerated stock repurchase agreements or other derivative arrangements as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors .", "the company's authorization under the program expired on october 8 , 2017 and we have not repurchased any shares of common stock since then .", "we historically have funded and in the future may fund stock repurchases through a combination of cash on hand and cash generated by operations and the issuance of debt .", "in the future , if further authorization is provided , we may also choose to fund stock repurchases through borrowings under our revolving credit facility or future financing transactions .", "there were no repurchases of our series a and b common stock during 2017 and no repurchases of series c common stock during the three months ended december 31 , 2017 .", "the company first announced its stock repurchase program on august 3 , 2010 .", "( c ) we entered into an agreement with advance/newhouse to repurchase , on a quarterly basis , a number of shares of series c-1 convertible preferred stock convertible into a number of shares of series c common stock .", "we did not convert any any shares of series c-1 convertible preferred stock during the three months ended december 31 , 2017 .", "there are no planned repurchases of series c-1 convertible preferred stock for the first quarter of 2018 as there were no repurchases of series a or series c common stock during the three months ended december 31 , 2017 .", "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 , 2012 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 , 2013 , 2014 , 2015 , 2016 and 2017 .", "december 31 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "." ]

[ [ "", "December 31,2012", "December 31,2013", "December 31,2014", "December 31,2015", "December 31,2016", "December 31,2017" ], [ "DISCA", "$100.00", "$139.42", "$106.23", "$82.27", "$84.53", "$69.01" ], [ "DISCB", "$100.00", "$144.61", "$116.45", "$85.03", "$91.70", "$78.01" ], [ "DISCK", "$100.00", "$143.35", "$115.28", "$86.22", "$91.56", "$72.38" ], [ "S&P 500", "$100.00", "$129.60", "$144.36", "$143.31", "$156.98", "$187.47" ], [ "Peer Group", "$100.00", "$163.16", "$186.87", "$180.10", "$200.65", "$208.79" ] ]

[ [ "", "december 312012", "december 312013", "december 312014", "december 312015", "december 312016", "december 312017" ], [ "disca", "$ 100.00", "$ 139.42", "$ 106.23", "$ 82.27", "$ 84.53", "$ 69.01" ], [ "discb", "$ 100.00", "$ 144.61", "$ 116.45", "$ 85.03", "$ 91.70", "$ 78.01" ], [ "disck", "$ 100.00", "$ 143.35", "$ 115.28", "$ 86.22", "$ 91.56", "$ 72.38" ], [ "s&p 500", "$ 100.00", "$ 129.60", "$ 144.36", "$ 143.31", "$ 156.98", "$ 187.47" ], [ "peer group", "$ 100.00", "$ 163.16", "$ 186.87", "$ 180.10", "$ 200.65", "$ 208.79" ] ]

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[ "2022 secondary market same store communities are generally communities in markets with populations of more than 1 million but less than 1% ( 1 % ) of the total public multifamily reit units or markets with populations of less than 1 million that we have owned and have been stabilized for at least a full 12 months .", "2022 non-same store communities and other includes recent acquisitions , communities in development or lease-up , communities that have been identified for disposition , and communities that have undergone a significant casualty loss .", "also included in non-same store communities are non-multifamily activities .", "on the first day of each calendar year , we determine the composition of our same store operating segments for that year as well as adjust the previous year , which allows us to evaluate full period-over-period operating comparisons .", "an apartment community in development or lease-up is added to the same store portfolio on the first day of the calendar year after it has been owned and stabilized for at least a full 12 months .", "communities are considered stabilized after achieving 90% ( 90 % ) occupancy for 90 days .", "communities that have been identified for disposition are excluded from the same store portfolio .", "all properties acquired from post properties in the merger remained in the non-same store and other operating segment during 2017 , as the properties were recent acquisitions and had not been owned and stabilized for at least 12 months as of january 1 , 2017 .", "for additional information regarding our operating segments , see note 14 to the consolidated financial statements included elsewhere in this annual report on form 10-k .", "acquisitions one of our growth strategies is to acquire apartment communities that are located in various large or secondary markets primarily throughout the southeast and southwest regions of the united states .", "acquisitions , along with dispositions , help us achieve and maintain our desired product mix , geographic diversification and asset allocation .", "portfolio growth allows for maximizing the efficiency of the existing management and overhead structure .", "we have extensive experience in the acquisition of multifamily communities .", "we will continue to evaluate opportunities that arise , and we will utilize this strategy to increase our number of apartment communities in strong and growing markets .", "we acquired the following apartment communities during the year ended december 31 , 2017: ." ]

[ "dispositions we sell apartment communities and other assets that no longer meet our long-term strategy or when market conditions are favorable , and we redeploy the proceeds from those sales to acquire , develop and redevelop additional apartment communities and rebalance our portfolio across or within geographic regions .", "dispositions also allow us to realize a portion of the value created through our investments and provide additional liquidity .", "we are then able to redeploy the net proceeds from our dispositions in lieu of raising additional capital .", "in deciding to sell an apartment community , we consider current market conditions and generally solicit competing bids from unrelated parties for these individual assets , considering the sales price and other key terms of each proposal .", "we also consider portfolio dispositions when such a structure is useful to maximize proceeds and efficiency of execution .", "during the year ended december 31 , 2017 , we disposed of five multifamily properties totaling 1760 units and four land parcels totaling approximately 23 acres .", "development as another part of our growth strategy , we invest in a limited number of development projects .", "development activities may be conducted through wholly-owned affiliated companies or through joint ventures with unaffiliated parties .", "fixed price construction contracts are signed with unrelated parties to minimize construction risk .", "we typically manage the leasing portion of the project as units become available for lease .", "we may also engage in limited expansion development opportunities on existing communities in which we typically serve as the developer .", "while we seek opportunistic new development investments offering attractive long-term investment returns , we intend to maintain a total development commitment that we consider modest in relation to our total balance sheet and investment portfolio .", "during the year ended december 31 , 2017 , we incurred $ 170.1 million in development costs and completed 7 development projects. ." ]

[ [ "Community", "Market", "Units", "Closing Date" ], [ "Charlotte at Midtown", "Nashville, TN", "279", "March 16, 2017" ], [ "Acklen West End", "Nashville, TN", "320", "December 28, 2017" ] ]

[ [ "community", "market", "units", "closing date" ], [ "charlotte at midtown", "nashville tn", "279", "march 16 2017" ], [ "acklen west end", "nashville tn", "320", "december 28 2017" ] ]

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[ "part i item 1 entergy corporation , domestic utility companies , and system energy employment litigation ( entergy corporation , entergy arkansas , entergy gulf states , entergy louisiana , entergy mississippi , entergy new orleans , and system energy ) entergy corporation and the domestic utility companies are defendants in numerous lawsuits that have been filed by former employees alleging that they were wrongfully terminated and/or discriminated against on the basis of age , race , sex , and/or other protected characteristics .", "entergy corporation and the domestic utility companies are vigorously defending these suits and deny any liability to the plaintiffs .", "however , no assurance can be given as to the outcome of these cases , and at this time management cannot estimate the total amount of damages sought .", "included in the employment litigation are two cases filed in state court in claiborne county , mississippi in december 2002 .", "the two cases were filed by former employees of entergy operations who were based at grand gulf .", "entergy operations and entergy employees are named as defendants .", "the cases make employment-related claims , and seek in total $ 53 million in alleged actual damages and $ 168 million in punitive damages .", "entergy subsequently removed both proceedings to the federal district in jackson , mississippi .", "entergy cannot predict the ultimate outcome of this proceeding .", "research spending entergy is a member of the electric power research institute ( epri ) .", "epri conducts a broad range of research in major technical fields related to the electric utility industry .", "entergy participates in various epri projects based on entergy's needs and available resources .", "the domestic utility companies contributed $ 1.6 million in 2004 , $ 1.5 million in 2003 , and $ 2.1 million in 2002 to epri .", "the non-utility nuclear business contributed $ 3.2 million in 2004 and $ 3 million in both 2003 and 2002 to epri .", "employees employees are an integral part of entergy's commitment to serving its customers .", "as of december 31 , 2004 , entergy employed 14425 people .", "u.s .", "utility: ." ]

[ "approximately 4900 employees are represented by the international brotherhood of electrical workers union , the utility workers union of america , and the international brotherhood of teamsters union. ." ]

[ [ "Entergy Arkansas", "1,494" ], [ "Entergy Gulf States", "1,641" ], [ "Entergy Louisiana", "943" ], [ "Entergy Mississippi", "793" ], [ "Entergy New Orleans", "403" ], [ "System Energy", "-" ], [ "Entergy Operations", "2,735" ], [ "Entergy Services", "2,704" ], [ "Entergy Nuclear Operations", "3,245" ], [ "Other subsidiaries", "277" ], [ "Total Full-time", "14,235" ], [ "Part-time", "190" ], [ "Total Entergy", "14,425" ] ]

[ [ "entergy arkansas", "1494" ], [ "entergy gulf states", "1641" ], [ "entergy louisiana", "943" ], [ "entergy mississippi", "793" ], [ "entergy new orleans", "403" ], [ "system energy", "-" ], [ "entergy operations", "2735" ], [ "entergy services", "2704" ], [ "entergy nuclear operations", "3245" ], [ "other subsidiaries", "277" ], [ "total full-time", "14235" ], [ "part-time", "190" ], [ "total entergy", "14425" ] ]

[]

[ "pro forma financial information the following pro forma consolidated condensed financial results of operations are presented as if the acquisition of the valves & controls business occurred on october 1 , 2015 .", "the pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time. ." ]

[ "the pro forma results for 2016 were adjusted to include first year acquisition accounting charges related to inventory and backlog of $ 122 in 2017 .", "the pro forma 2016 results also include acquisition costs of $ 52 , while the 2017 pro forma results were adjusted to exclude these charges .", "on october 2 , 2017 , the company sold its residential storage business for $ 200 in cash , subject to post-closing adjustments , and expects to recognize a loss of approximately $ 40 in 2018 due to income taxes resulting from nondeductible goodwill .", "the company expects to realize approximately $ 140 in after-tax cash proceeds from the sale .", "this business , with sales of $ 298 and pretax earnings of $ 15 in 2017 , is a leader in home organization and storage systems , and was reported within the tools & home products segment .", "assets and liabilities were classified as held-for-sale as of september 30 , 2017 .", "the company acquired six businesses in 2016 , four in automation solutions and two in climate technologies .", "total cash paid for these businesses was $ 132 , net of cash acquired .", "annualized sales for these businesses were approximately $ 51 in 2016 .", "the company recognized goodwill of $ 83 ( $ 27 of which is expected to be tax deductible ) and other identifiable intangible assets of $ 50 , primarily customer relationships and intellectual property with a weighted-average life of approximately nine years .", "the company completed eight acquisitions in 2015 , seven in automation solutions and one in tools & home products , which had combined annualized sales of approximately $ 115 .", "total cash paid for all businesses was $ 324 , net of cash acquired .", "the company recognized goodwill of $ 178 ( $ 42 of which is expected to be tax deductible ) and other intangible assets of $ 128 , primarily customer relationships and intellectual property with a weighted-average life of approximately ten years .", "in january 2015 , the company completed the sale of its mechanical power transmission solutions business for $ 1.4 billion , and recognized a pretax gain from the transaction of $ 939 ( $ 532 after-tax , $ 0.78 per share ) .", "assets and liabilities sold were as follows : current assets , $ 182 ( accounts receivable , inventories , other current assets ) ; other assets , $ 374 ( property , plant and equipment , goodwill , other noncurrent assets ) ; accrued expenses , $ 56 ( accounts payable , other current liabilities ) ; and other liabilities , $ 41 .", "proceeds from the divestiture were used for share repurchase .", "this business was previously reported in the former industrial automation segment , and had partial year sales in 2015 of $ 189 and related pretax earnings of $ 21 .", "power transmission solutions designs and manufactures market-leading couplings , bearings , conveying components and gearing and drive components , and provides supporting services and solutions .", "on september 30 , 2015 , the company sold its intermetro commercial storage business for $ 411 in cash and recognized a pretax gain from the transaction of $ 100 ( $ 79 after-tax , $ 0.12 per share ) .", "this business had annual sales of $ 288 and pretax earnings of $ 42 in 2015 and was reported in the former commercial & residential solutions segment .", "assets and liabilities sold were as follows : current assets , $ 62 ( accounts receivable , inventories , other current assets ) ; other assets , $ 292 ( property , plant and equipment , goodwill , other noncurrent assets ) ; current liabilities , $ 34 ( accounts payable , other current liabilities ) ; and other liabilities , $ 9 .", "intermetro is a leading manufacturer and supplier of storage and transport products in the food service , commercial products and health care industries .", "the results of operations of the acquired businesses discussed above have been included in the company 2019s consolidated results of operations since the respective dates of acquisition .", "( 4 ) discontinued operations in 2017 , the company completed the previously announced strategic actions to streamline its portfolio and drive growth in its core businesses .", "on november 30 , 2016 , the company completed the sale of its network power systems business for $ 4.0 billion in cash and retained a subordinated interest in distributions , contingent upon the equity holders first receiving a threshold return on their initial investment .", "this business comprised the former network power segment .", "additionally , on january 31 , 2017 , the company completed the sale of its power generation , motors and drives business for approximately $ 1.2 billion , subject to post-closing ." ]

[ [ "", "2016", "2017" ], [ "Net sales", "$16,201", "16,112" ], [ "Net earnings from continuing operations common stockholders", "$1,482", "1,692" ], [ "Diluted earnings per share from continuing operations", "$2.28", "2.62" ] ]

[ [ "", "2016", "2017" ], [ "net sales", "$ 16201", "16112" ], [ "net earnings from continuing operations common stockholders", "$ 1482", "1692" ], [ "diluted earnings per share from continuing operations", "$ 2.28", "2.62" ] ]

[ { "arg1": "2.62", "arg2": "2.28", "op": "minus1-1", "res": ".34" }, { "arg1": "#0", "arg2": "2.28", "op": "divide1-2", "res": "15%" } ]

[ "management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution .", "includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities .", "2030 interest rate products .", "government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives .", "2030 credit products .", "investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims .", "2030 mortgages .", "commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s .", "government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives .", "2030 currencies .", "most currencies , including growth-market currencies .", "2030 commodities .", "crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products .", "equities .", "includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions .", "equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees .", "the table below presents the operating results of our institutional client services segment. ." ]

[ "1 .", "net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 .", "in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business .", "42 goldman sachs 2014 annual report ." ]

[ [ "", "Year Ended December" ], [ "<i>$ in millions</i>", "2014", "2013", "2012" ], [ "Fixed Income, Currency and Commodities Client Execution", "$ 8,461", "$ 8,651", "$ 9,914" ], [ "Equities client execution¹", "2,079", "2,594", "3,171" ], [ "Commissions and fees", "3,153", "3,103", "3,053" ], [ "Securities services", "1,504", "1,373", "1,986" ], [ "Total Equities", "6,736", "7,070", "8,210" ], [ "Total net revenues", "15,197", "15,721", "18,124" ], [ "Operating expenses", "10,880", "11,792", "12,490" ], [ "Pre-tax earnings", "$ 4,317", "$ 3,929", "$ 5,634" ] ]

[ [ "$ in millions", "year ended december 2014", "year ended december 2013", "year ended december 2012" ], [ "fixed income currency and commodities client execution", "$ 8461", "$ 8651", "$ 9914" ], [ "equities client execution1", "2079", "2594", "3171" ], [ "commissions and fees", "3153", "3103", "3053" ], [ "securities services", "1504", "1373", "1986" ], [ "total equities", "6736", "7070", "8210" ], [ "total net revenues", "15197", "15721", "18124" ], [ "operating expenses", "10880", "11792", "12490" ], [ "pre-tax earnings", "$ 4317", "$ 3929", "$ 5634" ] ]

[]

[ "the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 the total amount of unrecognized tax benefits anticipated to result in a net decrease to unrecognized tax benefits within 12 months of december 31 , 2017 is estimated to be between $ 5 million and $ 15 million , primarily relating to statute of limitation lapses and tax exam settlements .", "the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : ." ]

[ "the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .", "the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .", "while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .", "however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .", "it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2017 .", "our effective tax rate and net income in any given future period could therefore be materially impacted .", "21 .", "discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market .", "eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .", "upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business .", "as a result , the company deconsolidated eletropaulo .", "after deconsolidation , the company's 17% ( 17 % ) ownership interest is reflected as an equity method investment .", "the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl .", "in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation .", "therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented .", "eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively .", "eletropaulo's pre-tax income attributable to aes for the year ended december 31 , 2015 was $ 73 million .", "prior to its classification as discontinued operations , eletropaulo was reported in the brazil sbu reportable segment .", "sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 .", "the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented .", "upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul .", "prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .", "however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group .", "on october 31 , 2016 , the company completed the sale of sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .", "upon disposal of sul , the company incurred an additional after-tax ." ]

[ [ "December 31,", "2017", "2016", "2015" ], [ "Balance at January 1", "$352", "$364", "$384" ], [ "Additions for current year tax positions", "—", "2", "2" ], [ "Additions for tax positions of prior years", "2", "1", "12" ], [ "Reductions for tax positions of prior years", "(5)", "(1)", "(7)" ], [ "Effects of foreign currency translation", "—", "—", "(3)" ], [ "Settlements", "—", "(13)", "(17)" ], [ "Lapse of statute of limitations", "(1)", "(1)", "(7)" ], [ "Balance at December 31", "$348", "$352", "$364" ] ]

[ [ "december 31,", "2017", "2016", "2015" ], [ "balance at january 1", "$ 352", "$ 364", "$ 384" ], [ "additions for current year tax positions", "2014", "2", "2" ], [ "additions for tax positions of prior years", "2", "1", "12" ], [ "reductions for tax positions of prior years", "-5 ( 5 )", "-1 ( 1 )", "-7 ( 7 )" ], [ "effects of foreign currency translation", "2014", "2014", "-3 ( 3 )" ], [ "settlements", "2014", "-13 ( 13 )", "-17 ( 17 )" ], [ "lapse of statute of limitations", "-1 ( 1 )", "-1 ( 1 )", "-7 ( 7 )" ], [ "balance at december 31", "$ 348", "$ 352", "$ 364" ] ]

[]

[ "republic services , inc .", "notes to consolidated financial statements 2014 ( continued ) high quality financial institutions .", "such balances may be in excess of fdic insured limits .", "to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits .", "concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas .", "we provide services to small-container commercial , large-container industrial , municipal and residential customers in the united states and puerto rico .", "we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables .", "we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information .", "accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal , energy services and other services .", "our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash .", "the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value .", "provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions .", "we also review outstanding balances on an account-specific basis .", "in general , reserves are provided for accounts receivable in excess of 90 days outstanding .", "past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due .", "the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: ." ]

[ "restricted cash and marketable securities as of december 31 , 2016 , we had $ 90.5 million of restricted cash and marketable securities of which $ 62.6 million supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability .", "additionally , we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers .", "the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance .", "as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets .", "in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance .", "at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts .", "property and equipment we record property and equipment at cost .", "expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred .", "when property is retired or ." ]

[ [ "", "2016", "2015", "2014" ], [ "Balance at beginning of year", "$46.7", "$38.9", "$38.3" ], [ "Additions charged to expense", "20.4", "22.7", "22.6" ], [ "Accounts written-off", "(23.1)", "(14.9)", "(22.0)" ], [ "Balance at end of year", "$44.0", "$46.7", "$38.9" ] ]

[ [ "", "2016", "2015", "2014" ], [ "balance at beginning of year", "$ 46.7", "$ 38.9", "$ 38.3" ], [ "additions charged to expense", "20.4", "22.7", "22.6" ], [ "accounts written-off", "-23.1 ( 23.1 )", "-14.9 ( 14.9 )", "-22.0 ( 22.0 )" ], [ "balance at end of year", "$ 44.0", "$ 46.7", "$ 38.9" ] ]

[ { "arg1": "44.0", "arg2": "46.7", "op": "minus2-1", "res": "-2.7" }, { "arg1": "#0", "arg2": "46.7", "op": "divide2-2", "res": "-5.8%" } ]

[ "entergy new orleans , inc .", "management's financial discussion and analysis entergy new orleans' receivables from the money pool were as follows as of december 31 for each of the following years: ." ]

[ "money pool activity provided $ 0.4 million of entergy new orleans' operating cash flow in 2004 , provided $ 1.7 million in 2003 , and provided $ 5.7 million in 2002 .", "see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .", "investing activities net cash used in investing activities decreased $ 15.5 million in 2004 primarily due to capital expenditures related to a turbine inspection project at a fossil plant in 2003 and decreased customer service spending .", "net cash used in investing activities increased $ 23.2 million in 2003 compared to 2002 primarily due to the maturity of $ 14.9 million of other temporary investments in 2002 and increased construction expenditures due to increased customer service spending .", "financing activities net cash used in financing activities increased $ 7.0 million in 2004 primarily due to the costs and expenses related to refinancing $ 75 million of long-term debt in 2004 and an increase of $ 2.2 million in common stock dividends paid .", "net cash used in financing activities increased $ 1.5 million in 2003 primarily due to additional common stock dividends paid of $ 2.2 million .", "in july 2003 , entergy new orleans issued $ 30 million of 3.875% ( 3.875 % ) series first mortgage bonds due august 2008 and $ 70 million of 5.25% ( 5.25 % ) series first mortgage bonds due august 2013 .", "the proceeds from these issuances were used to redeem , prior to maturity , $ 30 million of 7% ( 7 % ) series first mortgage bonds due july 2008 , $ 40 million of 8% ( 8 % ) series bonds due march 2006 , and $ 30 million of 6.65% ( 6.65 % ) series first mortgage bonds due march 2004 .", "the issuances and redemptions are not shown on the cash flow statement because the proceeds from the issuances were placed in a trust for use in the redemptions and never held as cash by entergy new orleans .", "see note 5 to the domestic utility companies and system energy financial statements for details on long- term debt .", "uses of capital entergy new orleans requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. ." ]

[ [ "2004", "2003", "2002", "2001" ], [ "(In Thousands)" ], [ "$1,413", "$1,783", "$3,500", "$9,208" ] ]

[ [ "2004", "2003", "2002", "2001" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 1413", "$ 1783", "$ 3500", "$ 9208" ] ]

[]

[ "business subsequent to the acquisition .", "the liabilities for these payments are classified as level 3 liabilities because the related fair value measurement , which is determined using an income approach , includes significant inputs not observable in the market .", "financial assets and liabilities not measured at fair value our debt is reflected on the consolidated balance sheets at cost .", "based on market conditions as of december 31 , 2018 and 2017 , the fair value of our credit agreement borrowings reasonably approximated the carrying values of $ 1.7 billion and $ 2.0 billion , respectively .", "in addition , based on market conditions , the fair values of the outstanding borrowings under the receivables facility reasonably approximated the carrying values of $ 110 million and $ 100 million at december 31 , 2018 and december 31 , 2017 , respectively .", "as of december 31 , 2018 and december 31 , 2017 , the fair values of the u.s .", "notes ( 2023 ) were approximately $ 574 million and $ 615 million , respectively , compared to a carrying value of $ 600 million at each date .", "as of december 31 , 2018 and december 31 , 2017 , the fair values of the euro notes ( 2024 ) were approximately $ 586 million and $ 658 million compared to carrying values of $ 573 million and $ 600 million , respectively .", "as of december 31 , 2018 , the fair value of the euro notes ( 2026/28 ) approximated the carrying value of $ 1.1 billion .", "the fair value measurements of the borrowings under our credit agreement and receivables facility are classified as level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market , including interest rates on recent financing transactions with similar terms and maturities .", "we estimated the fair value by calculating the upfront cash payment a market participant would require at december 31 , 2018 to assume these obligations .", "the fair value of our u.s .", "notes ( 2023 ) is classified as level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market .", "the fair values of our euro notes ( 2024 ) and euro notes ( 2026/28 ) are determined based upon observable market inputs including quoted market prices in markets that are not active , and therefore are classified as level 2 within the fair value hierarchy .", "note 13 .", "commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment .", "the future minimum lease commitments under these leases at december 31 , 2018 are as follows ( in thousands ) : years ending december 31: ." ]

[ "rental expense for operating leases was approximately $ 300 million , $ 247 million , and $ 212 million during the years ended december 31 , 2018 , 2017 and 2016 , respectively .", "we guarantee the residual values of the majority of our truck and equipment operating leases .", "the residual values decline over the lease terms to a defined percentage of original cost .", "in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .", "similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .", "had we terminated all of our operating leases subject to these guarantees at december 31 , 2018 , our portion of the guaranteed residual value would have totaled approximately $ 76 million .", "we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value .", "litigation and related contingencies we have certain contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business .", "we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows. ." ]

[ [ "2019", "$294,269" ], [ "2020", "256,172" ], [ "2021", "210,632" ], [ "2022", "158,763" ], [ "2023", "131,518" ], [ "Thereafter", "777,165" ], [ "Future Minimum Lease Payments", "$1,828,519" ] ]

[ [ "2019", "$ 294269" ], [ "2020", "256172" ], [ "2021", "210632" ], [ "2022", "158763" ], [ "2023", "131518" ], [ "thereafter", "777165" ], [ "future minimum lease payments", "$ 1828519" ] ]

[]

[ "securities have historically returned approximately 10% ( 10 % ) annually over long periods of time , while u.s .", "debt securities have returned approximately 6% ( 6 % ) annually over long periods .", "application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 7.25% ( 7.25 % ) and 8.75% ( 8.75 % ) and is one point of reference , among many other factors , that is taken into consideration .", "we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment .", "recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns .", "while annual returns can vary significantly ( actual returns for 2012 , 2011 , and 2010 were +15.29% ( +15.29 % ) , +.11% ( +.11 % ) , and +14.87% ( +14.87 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns .", "acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others .", "in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date .", "taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2012 was 7.75% ( 7.75 % ) , the same as it was for 2011 .", "after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 7.50% ( 7.50 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods .", "each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to increase or decrease by up to $ 8 million as the impact is amortized into results of operations .", "we currently estimate a pretax pension expense of $ 73 million in 2013 compared with pretax expense of $ 89 million in 2012 .", "this year-over-year expected decrease reflects the impact of favorable returns on plan assets experienced in 2012 as well as the effects of the lower discount rate required to be used in the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2013 estimated expense as a baseline .", "table 27 : pension expense - sensitivity analysis change in assumption ( a ) estimated increase to 2013 pension expense ( in millions ) ." ]

[ "( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant .", "our pension plan contribution requirements are not particularly sensitive to actuarial assumptions .", "investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years .", "also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan .", "we do not expect to be required by law to make any contributions to the plan during 2013 .", "we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report .", "the pnc financial services group , inc .", "2013 form 10-k 77 ." ]

[ [ "Change in Assumption (a)", "EstimatedIncrease to 2013PensionExpense(In millions)" ], [ ".5% decrease in discount rate", "$21" ], [ ".5% decrease in expected long-term return on assets", "$19" ], [ ".5% increase in compensation rate", "$2" ] ]

[ [ "change in assumption ( a )", "estimatedincrease to 2013pensionexpense ( in millions )" ], [ ".5% ( .5 % ) decrease in discount rate", "$ 21" ], [ ".5% ( .5 % ) decrease in expected long-term return on assets", "$ 19" ], [ ".5% ( .5 % ) increase in compensation rate", "$ 2" ] ]

[ { "arg1": "89", "arg2": "73", "op": "minus2-1", "res": "16" }, { "arg1": "#0", "arg2": "89", "op": "divide2-2", "res": "0.1797" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "17.97" } ]

[ "during 2012 , the company granted selected employees an aggregate of 139 thousand rsus with internal performance measures and , separately , certain market thresholds .", "these awards vested in january 2015 .", "the terms of the grants specified that to the extent certain performance goals , comprised of internal measures and , separately , market thresholds were achieved , the rsus would vest ; if performance goals were surpassed , up to 175% ( 175 % ) of the target awards would be distributed ; and if performance goals were not met , the awards would be forfeited .", "in january 2015 , an additional 93 thousand rsus were granted and distributed because performance thresholds were exceeded .", "in 2015 , 2014 and 2013 , the company granted rsus , both with and without performance conditions , to certain employees under the 2007 plan .", "the rsus without performance conditions vest ratably over the three- year service period beginning january 1 of the year of the grant and the rsus with performance conditions vest ratably over the three-year performance period beginning january 1 of the year of the grant ( the 201cperformance period 201d ) .", "distribution of the performance shares is contingent upon the achievement of internal performance measures and , separately , certain market thresholds over the performance period .", "during 2015 , 2014 and 2013 , the company granted rsus to non-employee directors under the 2007 plan .", "the rsus vested on the date of grant ; however , distribution of the shares will be made within 30 days of the earlier of : ( i ) 15 months after grant date , subject to any deferral election by the director ; or ( ii ) the participant 2019s separation from service .", "because these rsus vested on the grant date , the total grant date fair value was recorded in operation and maintenance expense included in the expense table above on the grant date .", "rsus generally vest over periods ranging from one to three years .", "rsus granted with service-only conditions and those with internal performance measures are valued at the market value of the closing price of the company 2019s common stock on the date of grant .", "rsus granted with market conditions are valued using a monte carlo model .", "expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years .", "the expected term is three years and the risk-free interest rate is based on the three-year u.s .", "treasury rate in effect as of the measurement date .", "the following table presents the weighted-average assumptions used in the monte carlo simulation and the weighted-average grant date fair values of rsus granted for the years ended december 31: ." ]

[ "the grant date fair value of restricted stock awards that vest ratably and have market and/or performance and service conditions are amortized through expense over the requisite service period using the graded-vesting method .", "rsus that have no performance conditions are amortized through expense over the requisite service period using the straight-line method and are included in operations expense in the accompanying consolidated statements of operations .", "as of december 31 , 2015 , $ 4 of total unrecognized compensation cost related to the nonvested restricted stock units is expected to be recognized over the weighted-average remaining life of 1.4 years .", "the total grant date fair value of rsus vested was $ 12 , $ 11 and $ 9 for the years ended december 31 , 2015 , 2014 and 2013. ." ]

[ [ "", "2015", "2014", "2013" ], [ "Expected volatility", "14.93%", "17.78%", "19.37%" ], [ "Risk-free interest rate", "1.07%", "0.75%", "0.40%" ], [ "Expected life (years)", "3.0", "3.0", "3.0" ], [ "Grant date fair value per share", "$62.10", "$45.45", "$40.13" ] ]

[ [ "", "2015", "2014", "2013" ], [ "expected volatility", "14.93% ( 14.93 % )", "17.78% ( 17.78 % )", "19.37% ( 19.37 % )" ], [ "risk-free interest rate", "1.07% ( 1.07 % )", "0.75% ( 0.75 % )", "0.40% ( 0.40 % )" ], [ "expected life ( years )", "3.0", "3.0", "3.0" ], [ "grant date fair value per share", "$ 62.10", "$ 45.45", "$ 40.13" ] ]

[ { "arg1": "11", "arg2": "const_9", "op": "minus2-1", "res": "2" }, { "arg1": "#0", "arg2": "const_9", "op": "divide2-2", "res": "22.2%" } ]

[ "table of contents interest expense , net of capitalized interest increased $ 64 million , or 9.8% ( 9.8 % ) , to $ 710 million in 2013 from $ 646 million in 2012 primarily due to special charges of $ 92 million to recognize post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes .", "other nonoperating expense , net of $ 84 million in 2013 consists principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 48 million .", "other nonoperating income in 2012 consisted principally of a $ 280 million special credit related to the settlement of a commercial dispute partially offset by net foreign currency losses .", "reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases .", "the following table summarizes the components included in reorganization items , net on american 2019s consolidated statements of operations for the years ended december 31 , 2013 and 2012 ( in millions ) : ." ]

[ "( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .", "each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .", "the total value of this deemed claim was approximately $ 1.7 billion .", "( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .", "the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim .", "see note 2 to american 2019s consolidated financial statements in part ii , item 8b for further information .", "( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations .", "as a result , during the year ended december 31 , 2013 , american recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at jfk , and rejected bonds that financed certain improvements at ord , which are included in the table above .", "( 4 ) the plan allowed unsecured creditors receiving aag series a preferred stock a conversion discount of 3.5% ( 3.5 % ) .", "accordingly , american recorded the fair value of such discount upon the confirmation of the plan by the bankruptcy court. ." ]

[ [ "", "2013", "2012" ], [ "Pension and postretirement benefits", "$—", "$(66)" ], [ "Labor-related deemed claim (1)", "1,733", "—" ], [ "Aircraft and facility financing renegotiations and rejections (2), (3)", "320", "1,951" ], [ "Fair value of conversion discount (4)", "218", "—" ], [ "Professional fees", "199", "227" ], [ "Other", "170", "67" ], [ "Total reorganization items, net", "$2,640", "$2,179" ] ]

[ [ "", "2013", "2012" ], [ "pension and postretirement benefits", "$ 2014", "$ -66 ( 66 )" ], [ "labor-related deemed claim ( 1 )", "1733", "2014" ], [ "aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )", "320", "1951" ], [ "fair value of conversion discount ( 4 )", "218", "2014" ], [ "professional fees", "199", "227" ], [ "other", "170", "67" ], [ "total reorganization items net", "$ 2640", "$ 2179" ] ]

[]

[ "the authorized costs of $ 76 are to be recovered via a surcharge over a twenty-year period beginning october 2012 .", "surcharges collected as of december 31 , 2015 and 2014 were $ 4 and $ 5 , respectively .", "in addition to the authorized costs , the company expects to incur additional costs totaling $ 34 , which will be recovered from contributions made by the california state coastal conservancy .", "contributions collected as of december 31 , 2015 and 2014 were $ 8 and $ 5 , respectively .", "regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded .", "regulatory balancing accounts include low income programs and purchased power and water accounts .", "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 california subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey subsidiary .", "as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 .", "tank painting costs are generally deferred and amortized to operations and maintenance expense in 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 .", "other regulatory assets include certain deferred business transformation costs , construction costs for treatment facilities , property tax stabilization , employee-related costs , 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 the regulatory liabilities generally represent probable future reductions in revenues associated with amounts that are to be credited or refunded to customers through the rate-making process .", "the following table summarizes the composition of regulatory liabilities as of december 31: ." ]

[ "removal costs recovered through rates are estimated costs to retire assets at the end of their expected useful life that are recovered through customer rates over the life of the associated assets .", "in december 2008 , the company 2019s subsidiary in new jersey , at the direction of the new jersey puc , began to depreciate $ 48 of the total balance into depreciation and amortization expense in the consolidated statements of operations via straight line amortization through november 2048 .", "pension and other postretirement benefit balancing accounts represent the difference between costs incurred and costs authorized by the puc 2019s that are expected to be refunded to customers. ." ]

[ [ "", "2015", "2014" ], [ "Removal costs recovered through rates", "$311", "$301" ], [ "Pension and other postretirement benefitbalancing accounts", "59", "54" ], [ "Other", "32", "37" ], [ "Total Regulatory Liabilities", "$402", "$392" ] ]

[ [ "", "2015", "2014" ], [ "removal costs recovered through rates", "$ 311", "$ 301" ], [ "pension and other postretirement benefitbalancing accounts", "59", "54" ], [ "other", "32", "37" ], [ "total regulatory liabilities", "$ 402", "$ 392" ] ]

[]

[ "note 8 2013 debt our long-term debt consisted of the following ( in millions ) : ." ]

[ "in december 2012 , we issued notes totaling $ 1.3 billion with a fixed interest rate of 4.07% ( 4.07 % ) maturing in december 2042 ( the new notes ) in exchange for outstanding notes totaling $ 1.2 billion with interest rates ranging from 5.50% ( 5.50 % ) to 8.50% ( 8.50 % ) maturing in 2023 to 2040 ( the old notes ) .", "in connection with the exchange , we paid a premium of $ 393 million , of which $ 225 million was paid in cash and $ 168 million was in the form of new notes .", "this premium , in addition to $ 194 million in remaining unamortized discounts related to the old notes , will be amortized as additional interest expense over the term of the new notes using the effective interest method .", "we may , at our option , redeem some or all of the new notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest .", "interest on the new notes is payable on june 15 and december 15 of each year , beginning on june 15 , 2013 .", "the new notes are unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness .", "on september 9 , 2011 , we issued $ 2.0 billion of long-term notes in a registered public offering consisting of $ 500 million maturing in 2016 with a fixed interest rate of 2.13% ( 2.13 % ) , $ 900 million maturing in 2021 with a fixed interest rate of 3.35% ( 3.35 % ) , and $ 600 million maturing in 2041 with a fixed interest rate of 4.85% ( 4.85 % ) .", "we may , at our option , redeem some or all of the notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest .", "interest on the notes is payable on march 15 and september 15 of each year , beginning on march 15 , 2012 .", "in october 2011 , we used a portion of the proceeds to redeem all of our $ 500 million long-term notes maturing in 2013 .", "in 2011 , we repurchased $ 84 million of our long-term notes through open-market purchases .", "we paid premiums of $ 48 million in connection with the early extinguishments of debt , which were recognized in other non-operating income ( expense ) , net .", "in august 2011 , we entered into a $ 1.5 billion revolving credit facility with a group of banks and terminated our existing $ 1.5 billion revolving credit facility that was to expire in june 2012 .", "the credit facility expires august 2016 , and we may request and the banks may grant , at their discretion , an increase to the credit facility by an additional amount up to $ 500 million .", "there were no borrowings outstanding under either facility through december 31 , 2012 .", "borrowings under the credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the credit facility .", "each bank 2019s obligation to make loans under the credit facility is subject to , among other things , our compliance with various representations , warranties and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the credit facility .", "the leverage ratio covenant excludes the adjustments recognized in stockholders 2019 equity related to postretirement benefit plans .", "as of december 31 , 2012 , we were in compliance with all covenants contained in the credit facility , as well as in our debt agreements .", "we have agreements in place with banking institutions to provide for the issuance of commercial paper .", "there were no commercial paper borrowings outstanding during 2012 or 2011 .", "if we were to issue commercial paper , the borrowings would be supported by the credit facility .", "during the next five years , we have scheduled long-term debt maturities of $ 150 million due in 2013 and $ 952 million due in 2016 .", "interest payments were $ 378 million in 2012 , $ 326 million in 2011 , and $ 337 million in 2010. ." ]

[ [ "", "2012", "2011" ], [ "Notes with rates from 2.13% to 6.15%, due 2016 to 2042", "$5,642", "$5,308" ], [ "Notes with rates from 7.00% to 7.75%, due 2013 to 2036", "1,080", "1,239" ], [ "Other debt", "478", "19" ], [ "Total long-term debt", "7,200", "6,966" ], [ "Less: unamortized discounts", "(892)", "(506)" ], [ "Total long-term debt, net of unamortized discounts", "6,308", "6,460" ], [ "Less: current maturities of long-term debt", "(150)", "—" ], [ "Total long-term debt, net", "$6,158", "$6,460" ] ]

[ [ "", "2012", "2011" ], [ "notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042", "$ 5642", "$ 5308" ], [ "notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2013 to 2036", "1080", "1239" ], [ "other debt", "478", "19" ], [ "total long-term debt", "7200", "6966" ], [ "less : unamortized discounts", "-892 ( 892 )", "-506 ( 506 )" ], [ "total long-term debt net of unamortized discounts", "6308", "6460" ], [ "less : current maturities of long-term debt", "-150 ( 150 )", "2014" ], [ "total long-term debt net", "$ 6158", "$ 6460" ] ]

[ { "arg1": "378", "arg2": "326", "op": "minus1-1", "res": "52" }, { "arg1": "#0", "arg2": "326", "op": "divide1-2", "res": "16.0%" } ]

[ "the grand gulf recovery variance is primarily due to increased recovery of higher costs resulting from the grand gulf uprate .", "the volume/weather variance is primarily due to the effects of more favorable weather on residential sales and an increase in industrial sales primarily due to growth in the refining segment .", "the fuel recovery variance is primarily due to : 2022 the deferral of increased capacity costs that will be recovered through fuel adjustment clauses ; 2022 the expiration of the evangeline gas contract on january 1 , 2013 ; and 2022 an adjustment to deferred fuel costs recorded in the third quarter 2012 in accordance with a rate order from the puct issued in september 2012 .", "see note 2 to the financial statements for further discussion of this puct order issued in entergy texas's 2011 rate case .", "the miso deferral variance is primarily due to the deferral in april 2013 , as approved by the apsc , of costs incurred since march 2010 related to the transition and implementation of joining the miso rto .", "the decommissioning trusts variance is primarily due to lower regulatory credits resulting from higher realized income on decommissioning trust fund investments .", "there is no effect on net income as the credits are offset by interest and investment income .", "entergy wholesale commodities following is an analysis of the change in net revenue comparing 2013 to 2012 .", "amount ( in millions ) ." ]

[ "as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 52 million in 2013 primarily due to : 2022 the effect of rising forward power prices on electricity derivative instruments that are not designated as hedges , including additional financial power sales conducted in the fourth quarter 2013 to offset the planned exercise of in-the-money protective call options and to lock in margins .", "these additional sales did not qualify for hedge accounting treatment , and increases in forward prices after those sales were made accounted for the majority of the negative mark-to-market variance .", "it is expected that the underlying transactions will result in earnings in first quarter 2014 as these positions settle .", "see note 16 to the financial statements for discussion of derivative instruments ; 2022 the decrease in net revenue compared to prior year resulting from the exercise of resupply options provided for in purchase power agreements where entergy wholesale commodities may elect to supply power from another source when the plant is not running .", "amounts related to the exercise of resupply options are included in the gwh billed in the table below ; and entergy corporation and subsidiaries management's financial discussion and analysis ." ]

[ [ "", "Amount (In Millions)" ], [ "2012 net revenue", "$1,854" ], [ "Mark-to-market", "(58)" ], [ "Nuclear volume", "(24)" ], [ "Nuclear fuel expenses", "(20)" ], [ "Nuclear realized price changes", "58" ], [ "Other", "(8)" ], [ "2013 net revenue", "$1,802" ] ]

[ [ "", "amount ( in millions )" ], [ "2012 net revenue", "$ 1854" ], [ "mark-to-market", "-58 ( 58 )" ], [ "nuclear volume", "-24 ( 24 )" ], [ "nuclear fuel expenses", "-20 ( 20 )" ], [ "nuclear realized price changes", "58" ], [ "other", "-8 ( 8 )" ], [ "2013 net revenue", "$ 1802" ] ]

[ { "arg1": "1802", "arg2": "1854", "op": "minus1-1", "res": "-52" }, { "arg1": "#0", "arg2": "1854", "op": "divide1-2", "res": "-2.8%" } ]

[ "state street bank issuances : state street bank currently has authority to issue up to an aggregate of $ 1 billion of subordinated fixed-rate , floating-rate or zero-coupon bank notes with a maturity of five to fifteen years .", "with respect to the 5.25% ( 5.25 % ) subordinated bank notes due 2018 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the notes on april 15 and october 15 of each year , and the notes qualify as tier 2 capital under regulatory capital guidelines .", "with respect to the 5.30% ( 5.30 % ) subordinated notes due 2016 and the floating-rate subordinated notes due 2015 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the 5.30% ( 5.30 % ) notes on january 15 and july 15 of each year beginning in july 2006 , and quarterly interest payments on the outstanding principal balance of the floating-rate notes on march 8 , june 8 , september 8 and december 8 of each year beginning in march 2006 .", "the notes qualify as tier 2 capital under regulatory capital guidelines .", "note 10 .", "commitments and contingencies off-balance sheet commitments and contingencies : credit-related financial instruments include indemnified securities financing , unfunded commitments to extend credit or purchase assets and standby letters of credit .", "the total potential loss on unfunded commitments , standby and commercial letters of credit and securities finance indemnifications is equal to the total contractual amount , which does not consider the value of any collateral .", "the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31 .", "amounts reported do not reflect participations to unrelated third parties. ." ]

[ "on behalf of our customers , we lend their securities to creditworthy brokers and other institutions .", "in certain circumstances , we may indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities .", "collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition .", "we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed .", "the borrowed securities are revalued daily to determine if additional collateral is necessary .", "we held , as agent , cash and u.s .", "government securities totaling $ 527.37 billion and $ 387.22 billion as collateral for indemnified securities on loan at december 31 , 2006 and 2005 , respectively .", "approximately 81% ( 81 % ) of the unfunded commitments to extend credit and liquidity asset purchase agreements expire within one year from the date of issue .", "since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements .", "in the normal course of business , we provide liquidity and credit enhancements to asset-backed commercial paper programs , or 201cconduits . 201d these conduits are more fully described in note 11 .", "the commercial paper issuances and commitments of the conduits to provide funding are supported by liquidity asset purchase agreements and backup liquidity lines of credit , the majority of which are provided by us .", "in addition , we provide direct credit support to the conduits in the form of standby letters of credit .", "our commitments under liquidity asset purchase agreements and backup lines of credit totaled $ 23.99 billion at december 31 , 2006 , and are included in the preceding table .", "our commitments under seq 83 copyarea : 38 .", "x 54 .", "trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\\\fc\\\\delivery_1024177\\\\2771-1-dm_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:10:46 2007 ( v 2.247w--stp1pae18 ) ." ]

[ [ "(In millions)", "2006", "2005" ], [ "Indemnified securities financing", "$506,032", "$372,863" ], [ "Liquidity asset purchase agreements", "30,251", "24,412" ], [ "Unfunded commitments to extend credit", "16,354", "14,403" ], [ "Standby letters of credit", "4,926", "5,027" ] ]

[ [ "( in millions )", "2006", "2005" ], [ "indemnified securities financing", "$ 506032", "$ 372863" ], [ "liquidity asset purchase agreements", "30251", "24412" ], [ "unfunded commitments to extend credit", "16354", "14403" ], [ "standby letters of credit", "4926", "5027" ] ]

[ { "arg1": "506032", "arg2": "30251", "op": "add2-1", "res": "536283" }, { "arg1": "#0", "arg2": "16354", "op": "add2-2", "res": "552637" }, { "arg1": "#1", "arg2": "4926", "op": "add2-3", "res": "557563" } ]

[ "notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .", "many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .", "rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .", "future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases ." ]

[ "we are party to a number of claims and lawsuits incidental to our business .", "in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .", "we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .", "during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .", "taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .", "as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .", "the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .", "bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .", "these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .", "certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .", "on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .", "as a result , their canadian visa sponsorship will expire in march 2011 .", "we are ." ]

[ [ "", "Operating Leases" ], [ "2011", "$9,856" ], [ "2012", "3,803" ], [ "2013", "2,538" ], [ "2014", "1,580" ], [ "2015", "928" ], [ "Thereafter", "1,428" ], [ "Total future minimum lease payments", "$20,133" ] ]

[ [ "", "operating leases" ], [ "2011", "$ 9856" ], [ "2012", "3803" ], [ "2013", "2538" ], [ "2014", "1580" ], [ "2015", "928" ], [ "thereafter", "1428" ], [ "total future minimum lease payments", "$ 20133" ] ]

[]

[ "shareholder value award program svas are granted to officers and management and are payable in shares of our common stock .", "the number of shares actually issued , if any , varies depending on our stock price at the end of the three-year vesting period compared to pre-established target stock prices .", "we measure the fair value of the sva unit on the grant date using a monte carlo simulation model .", "the model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award .", "expected volatilities utilized in the model are based on implied volatilities from traded options on our stock , historical volatility of our stock price , and other factors .", "similarly , the dividend yield is based on historical experience and our estimate of future dividend yields .", "the risk-free interest rate is derived from the u.s .", "treasury yield curve in effect at the time of grant .", "the weighted-average fair values of the sva units granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 48.51 , $ 66.25 , and $ 48.68 , respectively , determined using the following assumptions: ." ]

[ "pursuant to this program , approximately 0.7 million shares , 1.1 million shares , and 1.0 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively .", "approximately 1.0 million shares are expected to be issued in 2019 .", "as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested svas was $ 55.7 million , which will be amortized over the weighted-average remaining requisite service period of 20 months .", "restricted stock units rsus are granted to certain employees and are payable in shares of our common stock .", "rsu shares are accounted for at fair value based upon the closing stock price on the date of grant .", "the corresponding expense is amortized over the vesting period , typically three years .", "the fair values of rsu awards granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 70.95 , $ 72.47 , and $ 71.46 , respectively .", "the number of shares ultimately issued for the rsu program remains constant with the exception of forfeitures .", "pursuant to this program , 1.3 million , 1.4 million , and 1.3 million shares were granted and approximately 1.0 million , 0.9 million , and 0.6 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively .", "approximately 0.8 million shares are expected to be issued in 2019 .", "as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested rsus was $ 112.2 million , which will be amortized over the weighted- average remaining requisite service period of 21 months .", "note 12 : shareholders' equity during 2018 , 2017 , and 2016 , we repurchased $ 4.15 billion , $ 359.8 million and $ 540.1 million , respectively , of shares associated with our share repurchase programs .", "a payment of $ 60.0 million was made in 2016 for shares repurchased in 2017 .", "during 2018 , we repurchased $ 2.05 billion of shares , which completed the $ 5.00 billion share repurchase program announced in october 2013 and our board authorized an $ 8.00 billion share repurchase program .", "there were $ 2.10 billion repurchased under the $ 8.00 billion program in 2018 .", "as of december 31 , 2018 , there were $ 5.90 billion of shares remaining under the 2018 program .", "we have 5.0 million authorized shares of preferred stock .", "as of december 31 , 2018 and 2017 , no preferred stock was issued .", "we have an employee benefit trust that held 50.0 million shares of our common stock at both december 31 , 2018 and 2017 , to provide a source of funds to assist us in meeting our obligations under various employee benefit plans .", "the cost basis of the shares held in the trust was $ 3.01 billion at both december 31 , 2018 and 2017 , and is shown as a reduction of shareholders 2019 equity .", "any dividend transactions between us and the trust are eliminated .", "stock held by the trust is not considered outstanding in the computation of eps .", "the assets of the trust were not used to fund any of our obligations under these employee benefit plans during the years ended december 31 , 2018 , 2017 , and ." ]

[ [ "(Percents)", "2018", "2017", "2016" ], [ "Expected dividend yield", "2.50%", "2.50%", "2.00%" ], [ "Risk-free interest rate", "2.31", "1.38", "0.92" ], [ "Volatility", "22.26", "22.91", "21.68" ] ]

[ [ "( percents )", "2018", "2017", "2016" ], [ "expected dividend yield", "2.50% ( 2.50 % )", "2.50% ( 2.50 % )", "2.00% ( 2.00 % )" ], [ "risk-free interest rate", "2.31", "1.38", "0.92" ], [ "volatility", "22.26", "22.91", "21.68" ] ]

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[ "we are exposed to market risk stemming from changes in interest and foreign exchange rates and commod- ity and equity prices .", "changes in these factors could cause fl uctuations in our earnings and cash fl ows .", "in the normal course of business , we actively manage our exposure to these market risks by entering into vari- ous hedging transactions , authorized under established policies that place clear controls on these activities .", "th e counterparties in these transactions are generally highly rated institutions .", "we establish credit limits for each counterparty .", "our hedging transactions include but are not limited to a variety of derivative fi nancial instruments .", "for information on interest rate , foreign exchange , commodity price , and equity instrument risk , please see note 7 to the consolidated financial statements on page 61 of this report .", "value at risk th e estimates in the table below are intended to mea- sure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , and equity prices under normal market conditions .", "a monte carlo value-at-risk ( var ) methodology was used to quantify the market risk for our exposures .", "th e models assumed normal market conditions and used a 95 percent confi - dence level .", "th e var calculation used historical interest and for- eign exchange rates , and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .", "th e market data were drawn from the riskmetrics 2122 data set .", "th e calculations are not intended to represent actual losses in fair value that we expect to incur .", "further , since the hedging instrument ( the derivative ) inversely cor- relates with the underlying exposure , we would expect that any loss or gain in the fair value of our derivatives would be generally off set by an increase or decrease in the fair value of the underlying exposure .", "th e positions included in the calculations were : debt ; investments ; interest rate swaps ; foreign exchange forwards ; com- modity swaps , futures and options ; and equity instru- ments .", "th e calculations do not include the underlying foreign exchange and commodities or equity-related positions that are off set by these market-risk-sensitive instruments .", "th e table below presents the estimated maximum potential var arising from a one-day loss in fair value for our interest rate , foreign currency , commodity , and equity market-risk-sensitive instruments outstanding as of may 28 , 2017 , and may 29 , 2016 , and the average fair value impact during the year ended may 28 , 2017. ." ]

[ "quantitative and qualitative disclosures about market risk 44 general mills ." ]

[ [ "", "Fair Value Impact" ], [ "In Millions", "May 28, 2017", "Averageduringfiscal 2017", "May 29, 2016" ], [ "Interest rate instruments", "$25.1", "$26.5", "$33.3" ], [ "Foreign currency instruments", "24.6", "22.9", "27.6" ], [ "Commodity instruments", "3.2", "2.5", "3.3" ], [ "Equity instruments", "1.3", "1.4", "1.7" ] ]

[ [ "in millions", "fair value impact may 28 2017", "fair value impact averageduringfiscal 2017", "fair value impact may 29 2016" ], [ "interest rate instruments", "$ 25.1", "$ 26.5", "$ 33.3" ], [ "foreign currency instruments", "24.6", "22.9", "27.6" ], [ "commodity instruments", "3.2", "2.5", "3.3" ], [ "equity instruments", "1.3", "1.4", "1.7" ] ]

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[ "management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses increased slightly during 2013 by $ 3.5 to $ 140.8 compared to 2012 , primarily due to an increase in salaries and related expenses , mainly attributable to higher base salaries , benefits and temporary help , partially offset by lower severance expenses and a decrease in office and general expenses .", "liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. ." ]

[ "1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , and deferred income taxes .", "2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities .", "operating activities net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 .", "due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters .", "our net working capital usage in 2014 was impacted by our media businesses .", "net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income .", "the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies .", "the timing of media buying on behalf of our clients affects our working capital and operating cash flow .", "in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients .", "to the extent possible we pay production and media charges after we have received funds from our clients .", "the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities .", "our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers .", "our accrued liabilities are also affected by the timing of certain other payments .", "for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year .", "investing activities net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions .", "capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements .", "we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. ." ]

[ [ "", "Years ended December 31," ], [ "Cash Flow Data", "2014", "2013", "2012" ], [ "Net income, adjusted to reconcile net income to net cashprovided by operating activities¹", "$831.2", "$598.4", "$697.2" ], [ "Net cash used in working capital ²", "(131.1)", "(9.6)", "(293.2)" ], [ "Changes in other non-current assets and liabilities using cash", "(30.6)", "4.1", "(46.8)" ], [ "Net cash provided by operating activities", "$669.5", "$592.9", "$357.2" ], [ "Net cash used in investing activities", "(200.8)", "(224.5)", "(210.2)" ], [ "Net cash (used in) provided by financing activities", "(343.9)", "(1,212.3)", "131.3" ] ]

[ [ "cash flow data", "years ended december 31 , 2014", "years ended december 31 , 2013", "years ended december 31 , 2012" ], [ "net income adjusted to reconcile net income to net cashprovided by operating activities1", "$ 831.2", "$ 598.4", "$ 697.2" ], [ "net cash used in working capital b2", "-131.1 ( 131.1 )", "-9.6 ( 9.6 )", "-293.2 ( 293.2 )" ], [ "changes in other non-current assets and liabilities using cash", "-30.6 ( 30.6 )", "4.1", "-46.8 ( 46.8 )" ], [ "net cash provided by operating activities", "$ 669.5", "$ 592.9", "$ 357.2" ], [ "net cash used in investing activities", "-200.8 ( 200.8 )", "-224.5 ( 224.5 )", "-210.2 ( 210.2 )" ], [ "net cash ( used in ) provided by financing activities", "-343.9 ( 343.9 )", "-1212.3 ( 1212.3 )", "131.3" ] ]

[]

[ "e nt e r g y c o r p o r a t i o n a n d s u b s i d i a r i e s 2 0 0 7 n an increase of $ 16 million in fossil operating costs due to the purchase of the attala plant in january 2006 and the perryville plant coming online in july 2005 ; n an increase of $ 12 million related to storm reserves .", "this increase does not include costs associated with hurricanes katrina and rita ; and n an increase of $ 12 million due to a return to normal expense patterns in 2006 versus the deferral or capitalization of storm costs in 2005 .", "other operation and maintenance expenses increased for non- utility nuclear from $ 588 million in 2005 to $ 637 million in 2006 primarily due to the timing of refueling outages , increased benefit and insurance costs , and increased nrc fees .", "taxes other than income taxes taxes other than income taxes increased for the utility from $ 322 million in 2005 to $ 361 million in 2006 primarily due to an increase in city franchise taxes in arkansas due to a change in 2006 in the accounting for city franchise tax revenues as directed by the apsc .", "the change results in an increase in taxes other than income taxes with a corresponding increase in rider revenue , resulting in no effect on net income .", "also contributing to the increase was higher franchise tax expense at entergy gulf states , inc .", "as a result of higher gross revenues in 2006 and a customer refund in 2005 .", "other income other income increased for the utility from $ 111 million in 2005 to $ 156 million in 2006 primarily due to carrying charges recorded on storm restoration costs .", "other income increased for non-utility nuclear primarily due to miscellaneous income of $ 27 million ( $ 16.6 million net-of-tax ) resulting from a reduction in the decommissioning liability for a plant as a result of a revised decommissioning cost study and changes in assumptions regarding the timing of when decommissioning of a plant will begin .", "other income increased for parent & other primarily due to a gain related to its entergy-koch investment of approximately $ 55 million ( net-of-tax ) in the fourth quarter of 2006 .", "in 2004 , entergy-koch sold its energy trading and pipeline businesses to third parties .", "at that time , entergy received $ 862 million of the sales proceeds in the form of a cash distribution by entergy-koch .", "due to the november 2006 expiration of contingencies on the sale of entergy-koch 2019s trading business , and the corresponding release to entergy-koch of sales proceeds held in escrow , entergy received additional cash distributions of approximately $ 163 million during the fourth quarter of 2006 and recorded a gain of approximately $ 55 million ( net-of-tax ) .", "entergy expects future cash distributions upon liquidation of the partnership will be less than $ 35 million .", "interest charges interest charges increased for the utility and parent & other primarily due to additional borrowing to fund the significant storm restoration costs associated with hurricanes katrina and rita .", "discontinued operations in april 2006 , entergy sold the retail electric portion of the competitive retail services business operating in the electric reliability council of texas ( ercot ) region of texas , and now reports this portion of the business as a discontinued operation .", "earnings for 2005 were negatively affected by $ 44.8 million ( net-of-tax ) of discontinued operations due to the planned sale .", "this amount includes a net charge of $ 25.8 million ( net-of-tax ) related to the impairment reserve for the remaining net book value of the competitive retail services business 2019 information technology systems .", "results for 2006 include an $ 11.1 million gain ( net-of-tax ) on the sale of the retail electric portion of the competitive retail services business operating in the ercot region of texas .", "income taxes the effective income tax rates for 2006 and 2005 were 27.6% ( 27.6 % ) and 36.6% ( 36.6 % ) , respectively .", "the lower effective income tax rate in 2006 is primarily due to tax benefits , net of reserves , resulting from the tax capital loss recognized in connection with the liquidation of entergy power international holdings , entergy 2019s holding company for entergy-koch .", "also contributing to the lower rate for 2006 is an irs audit settlement that allowed entergy to release from its tax reserves all settled issues relating to 1996-1998 audit cycle .", "see note 3 to the financial statements for a reconciliation of the federal statutory rate of 35.0% ( 35.0 % ) to the effective income tax rates , and for additional discussion regarding income taxes .", "liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement .", "capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table .", "the increase in the debt to capital percentage from 2006 to 2007 is primarily the result of additional borrowings under entergy corporation 2019s revolving credit facility , along with a decrease in shareholders 2019 equity primarily due to repurchases of common stock .", "this increase in the debt to capital percentage is in line with entergy 2019s financial and risk management aspirations .", "the decrease in the debt to capital percentage from 2005 to 2006 is the result of an increase in shareholders 2019 equity , primarily due to an increase in retained earnings , partially offset by repurchases of common stock. ." ]

[ "net debt consists of debt less cash and cash equivalents .", "debt consists of notes payable , capital lease obligations , preferred stock with sinking fund , and long-term debt , including the currently maturing portion .", "capital consists of debt , shareholders 2019 equity , and preferred stock without sinking fund .", "net capital consists of capital less cash and cash equivalents .", "entergy uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating entergy 2019s financial condition .", "m an ag e ment 2019s f i n anc ial d i scuss ion an d an alys is co n t i n u e d ." ]

[ [ "", "2007", "2006", "2005" ], [ "Net debt to net capital at the end of the year", "54.6%", "49.4%", "51.5%" ], [ "Effect of subtracting cash from debt", "3.0%", "2.9%", "1.6%" ], [ "Debt to capital at the end of the year", "57.6%", "52.3%", "53.1%" ] ]

[ [ "", "2007", "2006", "2005" ], [ "net debt to net capital at the end of the year", "54.6% ( 54.6 % )", "49.4% ( 49.4 % )", "51.5% ( 51.5 % )" ], [ "effect of subtracting cash from debt", "3.0% ( 3.0 % )", "2.9% ( 2.9 % )", "1.6% ( 1.6 % )" ], [ "debt to capital at the end of the year", "57.6% ( 57.6 % )", "52.3% ( 52.3 % )", "53.1% ( 53.1 % )" ] ]

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[ "l iquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements .", "we expect this trend to continue in the future .", "the company's cash and cash equivalents decreased to $ 65565 at june 30 , 2008 from $ 88617 at june 30 , 2007 .", "the following table summarizes net cash from operating activities in the statement of cash flows : year ended june 30 cash provided by operations increased $ 6754 to $ 181001 for the fiscal year ended june 30 , 2008 as compared to $ 174247 for the fiscal year ended june 30 , 2007 .", "this increase is primarily attributable to an increase in expenses that do not have a corresponding cash outflow , such as depreciation and amortization , as a percentage of total net income .", "cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions .", "during fiscal 2007 , payments for acquisitions totaled $ 34006 , plus $ 5301 paid on earn-outs and other acquisition adjustments .", "capital expenditures for fiscal 2008 were $ 31105 compared to $ 34202 for fiscal 2007 .", "cash used for software development in fiscal 2008 was $ 23736 compared to $ 20743 during the prior year .", "net cash used in financing activities for the current fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities .", "cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises .", "during fiscal 2007 , net cash used in financing activities included the repurchase of our common stock for $ 98413 and the payment of dividends of $ 21685 .", "as in the current year , cash used in fiscal 2007 was partially offset by proceeds from the exercise of stock options and the sale of common stock of $ 29212 , $ 4640 excess tax benefits from stock option exercises and $ 19388 net borrowings on revolving credit facilities .", "at june 30 , 2008 , the company had negative working capital of $ 11418 ; however , the largest component of current liabilities was deferred revenue of $ 212375 .", "the cash outlay necessary to provide the services related to these deferred revenues is significantly less than this recorded balance .", "therefore , we do not anticipate any liquidity problems to result from this condition .", "u.s .", "financial markets and many of the largest u.s .", "financial institutions have recently been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities .", "while we believe it is too early to predict what effect , if any , these developments may have , we have not experienced any significant issues with our current collec- tion efforts , and we believe that any future impact to our liquidity would be minimized by our access to available lines of credit .", "2008 2007 2006 ." ]

[ "." ]

[ [ "", "Year ended June 30, 2008" ], [ "2007", "2006" ], [ "Net income", "$104,222", "$104,681", "$89,923" ], [ "Non-cash expenses", "70,420", "56,348", "52,788" ], [ "Change in receivables", "(2,913)", "(28,853)", "30,413" ], [ "Change in deferred revenue", "5,100", "24,576", "10,561" ], [ "Change in other assets and liabilities", "4,172", "17,495", "(14,247)" ], [ "Net cash from operating activities", "$181,001", "$174,247", "$169,438" ] ]

[ [ "2007", "year ended june 30 2008 2007", "year ended june 30 2008 2007", "year ended june 30 2008" ], [ "net income", "$ 104222", "$ 104681", "$ 89923" ], [ "non-cash expenses", "70420", "56348", "52788" ], [ "change in receivables", "-2913 ( 2913 )", "-28853 ( 28853 )", "30413" ], [ "change in deferred revenue", "5100", "24576", "10561" ], [ "change in other assets and liabilities", "4172", "17495", "-14247 ( 14247 )" ], [ "net cash from operating activities", "$ 181001", "$ 174247", "$ 169438" ] ]

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[ "entergy mississippi , inc .", "management's financial discussion and analysis the net wholesale revenue variance is primarily due to lower profit on joint account sales and reduced capacity revenue from the municipal energy agency of mississippi .", "gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to an increase of $ 152.5 million in fuel cost recovery revenues due to higher fuel rates , partially offset by a decrease of $ 43 million in gross wholesale revenues due to a decrease in net generation and purchases in excess of decreased net area demand resulting in less energy available for resale sales coupled with a decrease in system agreement remedy receipts .", "fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by decreased demand and decreased recovery from customers of deferred fuel costs .", "other regulatory charges increased primarily due to increased recovery through the grand gulf rider of grand gulf capacity costs due to higher rates and increased recovery of costs associated with the power management recovery rider .", "there is no material effect on net income due to quarterly adjustments to the power management recovery rider .", "2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .", "following is an analysis of the change in net revenue comparing 2007 to 2006 .", "amount ( in millions ) ." ]

[ "the base revenue variance is primarily due to a formula rate plan increase effective july 2007 .", "the formula rate plan filing is discussed further in \"state and local rate regulation\" below .", "the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , including the effect of more favorable weather on billed electric sales in 2007 compared to 2006 .", "billed electricity usage increased 214 gwh .", "the increase in usage was partially offset by decreased usage in the industrial sector .", "the transmission revenue variance is due to higher rates and the addition of new transmission customers in late 2006 .", "the transmission equalization variance is primarily due to a revision made in 2006 of transmission equalization receipts among entergy companies .", "the reserve equalization variance is primarily due to a revision in 2006 of reserve equalization payments among entergy companies due to a ferc ruling regarding the inclusion of interruptible loads in reserve ." ]

[ [ "", "Amount (In Millions)" ], [ "2006 net revenue", "$466.1" ], [ "Base revenue", "7.9" ], [ "Volume/weather", "4.5" ], [ "Transmission revenue", "4.1" ], [ "Transmission equalization", "4.0" ], [ "Reserve equalization", "3.8" ], [ "Attala costs", "(10.2)" ], [ "Other", "6.7" ], [ "2007 net revenue", "$486.9" ] ]

[ [ "", "amount ( in millions )" ], [ "2006 net revenue", "$ 466.1" ], [ "base revenue", "7.9" ], [ "volume/weather", "4.5" ], [ "transmission revenue", "4.1" ], [ "transmission equalization", "4.0" ], [ "reserve equalization", "3.8" ], [ "attala costs", "-10.2 ( 10.2 )" ], [ "other", "6.7" ], [ "2007 net revenue", "$ 486.9" ] ]

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[ "management 2019s discussion and analysis of financial condition and results of operations ( continued ) the following table presents average u.s .", "and non-u.s .", "short-duration advances for the years ended december 31 : years ended december 31 ." ]

[ "although average short-duration advances for the year ended december 31 , 2013 increased compared to the year ended december 31 , 2012 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity .", "average other interest-earning assets increased to $ 11.16 billion for the year ended december 31 , 2013 from $ 7.38 billion for the year ended december 31 , 2012 .", "the increased levels were primarily the result of higher levels of cash collateral provided in connection with our participation in principal securities finance transactions .", "aggregate average interest-bearing deposits increased to $ 109.25 billion for the year ended december 31 , 2013 from $ 98.39 billion for the year ended december 31 , 2012 .", "this increase was mainly due to higher levels of non-u.s .", "transaction accounts associated with the growth of new and existing business in assets under custody and administration .", "future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s .", "and non-u.s .", "interest rates .", "average other short-term borrowings declined to $ 3.79 billion for the year ended december 31 , 2013 from $ 4.68 billion for the year ended december 31 , 2012 , as higher levels of client deposits provided additional liquidity .", "average long-term debt increased to $ 8.42 billion for the year ended december 31 , 2013 from $ 7.01 billion for the year ended december 31 , 2012 .", "the increase primarily reflected the issuance of $ 1.0 billion of extendible notes by state street bank in december 2012 , the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , and the issuance of $ 1.0 billion of senior debt in november 2013 .", "this increase was partly offset by maturities of $ 1.75 billion of senior debt in the second quarter of 2012 .", "average other interest-bearing liabilities increased to $ 6.46 billion for the year ended december 31 , 2013 from $ 5.90 billion for the year ended december 31 , 2012 , primarily the result of higher levels of cash collateral received from clients in connection with our participation in principal securities finance transactions .", "several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s .", "and non-u.s .", "interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured .", "based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay- downs and maturities of investment securities in highly-rated securities , such as u.s .", "treasury and agency securities , federal agency mortgage-backed securities and u.s .", "and non-u.s .", "mortgage- and asset-backed securities .", "the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time .", "we expect these factors and the levels of global interest rates to dictate what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. ." ]

[ [ "(In millions)", "2013", "2012", "2011" ], [ "Average U.S. short-duration advances", "$2,356", "$1,972", "$1,994" ], [ "Average non-U.S. short-duration advances", "1,393", "1,393", "1,585" ], [ "Average total short-duration advances", "$3,749", "$3,365", "$3,579" ] ]

[ [ "( in millions )", "2013", "2012", "2011" ], [ "average u.s . short-duration advances", "$ 2356", "$ 1972", "$ 1994" ], [ "average non-u.s . short-duration advances", "1393", "1393", "1585" ], [ "average total short-duration advances", "$ 3749", "$ 3365", "$ 3579" ] ]

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[ "edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 .", "employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded .", "the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value .", "the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2016 , are expected to be paid ( in millions ) : ." ]

[ "as of december 31 , 2016 , expected employer contributions for 2017 are $ 6.1 million .", "defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified defined contribution plan .", "in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan .", "edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis .", "edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis .", "in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan .", "edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis .", "the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee .", "matching contributions relating to edwards lifesciences employees were $ 17.3 million , $ 15.3 million , and $ 12.8 million in 2016 , 2015 , and 2014 , respectively .", "the company also has nonqualified deferred compensation plans for a select group of employees .", "the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant .", "the amount accrued under these nonqualified plans was $ 46.7 million and $ 35.5 million at december 31 , 2016 and 2015 , respectively .", "13 .", "common stock treasury stock in july 2014 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock .", "in november 2016 , the board of directors approved a new stock repurchase program providing for an additional $ 1.0 billion of repurchases of our common stock .", "the repurchase programs do not have an expiration date .", "stock repurchased under these programs may be used to offset obligations under the company 2019s employee stock-based benefit programs and stock-based business acquisitions , and will reduce the total shares outstanding .", "during 2016 , 2015 , and 2014 , the company repurchased 7.3 million , 2.6 million , and 4.4 million shares , respectively , at an aggregate cost of $ 662.3 million , $ 280.1 million , and $ 300.9 million , respectively , including ." ]

[ [ "2017", "$4.5" ], [ "2018", "4.0" ], [ "2019", "4.0" ], [ "2020", "4.6" ], [ "2021", "4.5" ], [ "2021-2025", "44.6" ] ]

[ [ "2017", "$ 4.5" ], [ "2018", "4.0" ], [ "2019", "4.0" ], [ "2020", "4.6" ], [ "2021", "4.5" ], [ "2021-2025", "44.6" ] ]

[]

[ "the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties .", "authorization to repurchase shares to cover on-going dilution was not subject to expiration .", "however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time .", "during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority .", "as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 .", "this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 .", "as of december 3 , 2010 , no prepayments remain under that agreement .", "during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively .", "of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority .", "we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time .", "we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions .", "there were no explicit commissions or fees on these structured repurchases .", "under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us .", "the financial institutions agree to deliver shares to us at monthly intervals during the contract term .", "the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount .", "during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 .", "during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 .", "during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 .", "for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share .", "as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements .", "as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements .", "subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million .", "this amount will be classified as treasury stock on our consolidated balance sheets .", "upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text ." ]

[ "the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties .", "authorization to repurchase shares to cover on-going dilution was not subject to expiration .", "however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time .", "during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority .", "as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 .", "this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 .", "as of december 3 , 2010 , no prepayments remain under that agreement .", "during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively .", "of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority .", "we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time .", "we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions .", "there were no explicit commissions or fees on these structured repurchases .", "under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us .", "the financial institutions agree to deliver shares to us at monthly intervals during the contract term .", "the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount .", "during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 .", "during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 .", "during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 .", "for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share .", "as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements .", "as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements .", "subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million .", "this amount will be classified as treasury stock on our consolidated balance sheets .", "upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text ." ]

[ [ "", "2011", "2010", "2009" ], [ "Beginning balance", "$7,632", "$10,640", "$(431)" ], [ "Foreign currency translation adjustments", "5,156", "(4,144)", "17,343" ], [ "Income tax effect relating to translation adjustments forundistributed foreign earnings", "(2,208)", "1,136", "(6,272)" ], [ "Ending balance", "$10,580", "$7,632", "$10,640" ] ]

[ [ "", "2011", "2010", "2009" ], [ "beginning balance", "$ 7632", "$ 10640", "$ -431 ( 431 )" ], [ "foreign currency translation adjustments", "5156", "-4144 ( 4144 )", "17343" ], [ "income tax effect relating to translation adjustments forundistributed foreign earnings", "-2208 ( 2208 )", "1136", "-6272 ( 6272 )" ], [ "ending balance", "$ 10580", "$ 7632", "$ 10640" ] ]

[ { "arg1": "29.19", "arg2": "27.89", "op": "minus2-1", "res": "1.3" }, { "arg1": "#0", "arg2": "27.89", "op": "divide2-2", "res": "4.7%" } ]

[ "indemnification and repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .", "in connection with pooled settlements , we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction .", "for the first and second-lien mortgage balances of unresolved and settled claims contained in the tables below , a significant amount of these claims were associated with sold loans originated through correspondent lender and broker origination channels .", "in certain instances when indemnification or repurchase claims are settled for these types of sold loans , we have recourse back to the correspondent lenders , brokers and other third-parties ( e.g. , contract underwriting companies , closing agents , appraisers , etc. ) .", "depending on the underlying reason for the investor claim , we determine our ability to pursue recourse with these parties and file claims with them accordingly .", "our historical recourse recovery rate has been insignificant as our efforts have been impacted by the inability of such parties to reimburse us for their recourse obligations ( e.g. , their capital availability or whether they remain in business ) or factors that limit our ability to pursue recourse from these parties ( e.g. , contractual loss caps , statutes of limitations ) .", "origination and sale of residential mortgages is an ongoing business activity , and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements .", "we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages for which indemnification is expected to be provided or for loans that are expected to be repurchased .", "for the first and second- lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made , demand patterns observed to date and/or expected in the future , and our estimate of future claims on a loan by loan basis .", "to estimate the mortgage repurchase liability arising from breaches of representations and warranties , we consider the following factors : ( i ) borrower performance in our historically sold portfolio ( both actual and estimated future defaults ) , ( ii ) the level of outstanding unresolved repurchase claims , ( iii ) estimated probable future repurchase claims , considering information about file requests , delinquent and liquidated loans , resolved and unresolved mortgage insurance rescission notices and our historical experience with claim rescissions , ( iv ) the potential ability to cure the defects identified in the repurchase claims ( 201crescission rate 201d ) , and ( v ) the estimated severity of loss upon repurchase of the loan or collateral , make-whole settlement , or indemnification .", "see note 24 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information .", "the following tables present the unpaid principal balance of repurchase claims by vintage and total unresolved repurchase claims for the past five quarters .", "table 28 : analysis of quarterly residential mortgage repurchase claims by vintage dollars in millions december 31 september 30 june 30 march 31 december 31 ." ]

[ "the pnc financial services group , inc .", "2013 form 10-k 79 ." ]

[ [ "Dollars in millions", "December 31 2012", "September 30 2012", "June 30 2012", "March 31 2012", "December 312011" ], [ "2004 & Prior", "$11", "$15", "$31", "$10", "$11" ], [ "2005", "8", "10", "19", "12", "13" ], [ "2006", "23", "30", "56", "41", "28" ], [ "2007", "45", "137", "182", "100", "90" ], [ "2008", "7", "23", "49", "17", "18" ], [ "2008 & Prior", "94", "215", "337", "180", "160" ], [ "2009 – 2012", "38", "52", "42", "33", "29" ], [ "Total", "$132", "$267", "$379", "$213", "$189" ], [ "FNMA, FHLMC, and GNMA %", "94%", "87%", "86%", "88%", "91%" ] ]

[ [ "dollars in millions", "december 31 2012", "september 30 2012", "june 30 2012", "march 31 2012", "december 312011" ], [ "2004 & prior", "$ 11", "$ 15", "$ 31", "$ 10", "$ 11" ], [ "2005", "8", "10", "19", "12", "13" ], [ "2006", "23", "30", "56", "41", "28" ], [ "2007", "45", "137", "182", "100", "90" ], [ "2008", "7", "23", "49", "17", "18" ], [ "2008 & prior", "94", "215", "337", "180", "160" ], [ "2009 2013 2012", "38", "52", "42", "33", "29" ], [ "total", "$ 132", "$ 267", "$ 379", "$ 213", "$ 189" ], [ "fnma fhlmc and gnma % ( % )", "94% ( 94 % )", "87% ( 87 % )", "86% ( 86 % )", "88% ( 88 % )", "91% ( 91 % )" ] ]

[]

[ "have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets .", "at december 31 , 2009 , we had a working capital surplus of approximately $ 1.0 billion , which reflects our decision to maintain additional cash reserves to enhance liquidity in response to difficult economic conditions .", "at december 31 , 2008 , we had a working capital deficit of approximately $ 100 million .", "historically , we have had a working capital deficit , which is common in our industry and does not indicate a lack of liquidity .", "we maintain adequate resources and , when necessary , have access to capital to meet any daily and short-term cash requirements , and we have sufficient financial capacity to satisfy our current liabilities .", "cash flows millions of dollars 2009 2008 2007 ." ]

[ "operating activities lower net income in 2009 , a reduction of $ 184 million in the outstanding balance of our accounts receivable securitization program , higher pension contributions of $ 72 million , and changes to working capital combined to decrease cash provided by operating activities compared to 2008 .", "higher net income and changes in working capital combined to increase cash provided by operating activities in 2008 compared to 2007 .", "in addition , accelerated tax deductions enacted in 2008 on certain new operating assets resulted in lower income tax payments in 2008 versus 2007 .", "voluntary pension contributions in 2008 totaling $ 200 million and other pension contributions of $ 8 million partially offset the year-over-year increase versus 2007 .", "investing activities lower capital investments and higher proceeds from asset sales drove the decrease in cash used in investing activities in 2009 versus 2008 .", "increased capital investments and lower proceeds from asset sales drove the increase in cash used in investing activities in 2008 compared to 2007. ." ]

[ [ "<i>Millions of Dollars</i>", "<i>2009</i>", "2008", "2007" ], [ "Cash provided by operating activities", "$3,234", "$4,070", "$3,277" ], [ "Cash used in investing activities", "(2,175)", "(2,764)", "(2,426)" ], [ "Cash used in financing activities", "(458)", "(935)", "(800)" ], [ "Net change in cash and cash equivalents", "$601", "$371", "$51" ] ]

[ [ "millions of dollars", "2009", "2008", "2007" ], [ "cash provided by operating activities", "$ 3234", "$ 4070", "$ 3277" ], [ "cash used in investing activities", "-2175 ( 2175 )", "-2764 ( 2764 )", "-2426 ( 2426 )" ], [ "cash used in financing activities", "-458 ( 458 )", "-935 ( 935 )", "-800 ( 800 )" ], [ "net change in cash and cash equivalents", "$ 601", "$ 371", "$ 51" ] ]

[ { "arg1": "3234", "arg2": "4070", "op": "minus2-1", "res": "-836" }, { "arg1": "#0", "arg2": "4070", "op": "divide2-2", "res": "-21%" } ]

[ "table of contents hologic , inc .", "notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets .", "the company considered the provision of eitf 95-8 , and concluded that this contingent consideration represents additional purchase price .", "as a result , goodwill will be increased by the amount of the additional consideration , if any , as it is earned .", "as of september 26 , 2009 , the company has not recorded any amounts for these potential earn-outs .", "the allocation of the purchase price was based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 .", "the components and allocation of the purchase price consisted of the following approximate amounts: ." ]

[ "as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued .", "it was determined that only customer relationship , trade name and developed technology had separately identifiable values .", "the fair value of these intangible assets was determined through the application of the income approach .", "customer relationship represented a large customer base that was expected to purchase the disposable mammopad product on a regular basis .", "trade name represented the biolucent product name that the company intended to continue to use .", "developed technology represented currently marketable purchased products that the company continues to sell as well as utilize to enhance and incorporate into the company 2019s existing products .", "the deferred income tax liability relates to the tax effect of acquired identifiable intangible assets and fair value adjustments to acquired inventory , as such amounts are not deductible for tax purposes , partially offset by acquired net operating loss carryforwards of approximately $ 2400 .", "4 .", "sale of gestiva on january 16 , 2008 , the company entered into a definitive agreement pursuant to which it agreed to sell full u.s .", "and world-wide rights to gestiva to k-v pharmaceutical company upon approval of the pending gestiva new drug application ( the 201cgestiva nda 201d ) by the fda for a purchase price of $ 82000 .", "the company received $ 9500 of the purchase price in fiscal 2008 , and the balance is due upon final approval of the gestiva nda by the fda on or before february 19 , 2010 and the production of a quantity of gestiva suitable to enable the commercial launch of the product .", "either party has the right to terminate the agreement if fda approval is not obtained by february 19 , 2010 .", "the company agreed to continue its efforts to obtain fda approval of the nda for gestiva as part of this arrangement .", "all costs incurred in these efforts will be reimbursed by k-v pharmaceutical and are being recorded as a credit against research and development expenses .", "during fiscal 2009 and 2008 , these reimbursed costs were not material .", "the company recorded the $ 9500 as a deferred gain within current liabilities in the consolidated balance sheet .", "the company expects that the gain will be recognized upon the closing of the transaction following final fda approval of the gestiva nda or if the agreement is terminated .", "the company cannot assure that it will be able to obtain the requisite fda approval , that the transaction will be completed or that it will receive the balance of the purchase price .", "moreover , if k-v pharmaceutical terminates the agreement as a result of a breach by the company of a material representation , warranty , covenant or agreement , the company will be required to return the funds previously received as well as expenses reimbursed by k-v .", "source : hologic inc , 10-k , november 24 , 2009 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely .", "the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law .", "past financial performance is no guarantee of future results. ." ]

[ [ "Net tangible assets acquired as of September 18, 2007", "$2,800" ], [ "Developed technology and know how", "12,300" ], [ "Customer relationship", "17,000" ], [ "Trade name", "2,800" ], [ "Deferred income tax liabilities, net", "(9,500)" ], [ "Goodwill", "47,800" ], [ "Final purchase price", "$73,200" ] ]

[ [ "net tangible assets acquired as of september 18 2007", "$ 2800" ], [ "developed technology and know how", "12300" ], [ "customer relationship", "17000" ], [ "trade name", "2800" ], [ "deferred income tax liabilities net", "-9500 ( 9500 )" ], [ "goodwill", "47800" ], [ "final purchase price", "$ 73200" ] ]

[]

[ "marathon oil corporation notes to consolidated financial statements stock appreciation rights 2013 prior to 2005 , we granted sars under the 2003 plan .", "no stock appreciation rights have been granted under the 2007 plan .", "similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price .", "under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options .", "in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted .", "stock-based performance awards 2013 prior to 2005 , we granted stock-based performance awards under the 2003 plan .", "no stock-based performance awards have been granted under the 2007 plan .", "beginning in 2005 , we discontinued granting stock-based performance awards and instead now grant cash-settled performance units to officers .", "all stock-based performance awards granted under the 2003 plan have either vested or been forfeited .", "as a result , there are no outstanding stock-based performance awards .", "restricted stock 2013 we grant restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan .", "in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package .", "the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment .", "we also grant restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes .", "the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment , however , certain restricted stock awards granted in 2008 will vest over a four-year period , contingent on the recipient 2019s continued employment .", "prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon .", "the non-vested shares are not transferable and are held by our transfer agent .", "common stock units 2013 we maintain an equity compensation program for our non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan .", "all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors .", "when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units .", "total stock-based compensation expense total employee stock-based compensation expense was $ 43 million , $ 66 million and $ 78 million in 2008 , 2007 and 2006 .", "the total related income tax benefits were $ 16 million , $ 24 million and $ 29 million .", "in 2008 and 2007 , cash received upon exercise of stock option awards was $ 9 million and $ 27 million .", "tax benefits realized for deductions during 2008 and 2007 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 7 million and $ 30 million .", "cash settlements of stock option awards totaled $ 1 million in 2007 .", "there were no cash settlements in 2008 .", "stock option awards during 2008 , 2007 and 2006 , we granted stock option awards to both officer and non-officer employees .", "the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: ." ]

[ "." ]

[ [ "", "2008", "2007", "2006" ], [ "Weighted average exercise price per share", "$51.74", "$60.94", "$37.84" ], [ "Expected annual dividends per share", "$0.96", "$0.96", "$0.80" ], [ "Expected life in years", "4.8", "5.0", "5.1" ], [ "Expected volatility", "30%", "27%", "28%" ], [ "Risk-free interest rate", "3.1%", "4.1%", "5.0%" ], [ "Weighted average grant date fair value of stock option awards granted", "$13.03", "$17.24", "$10.19" ] ]

[ [ "", "2008", "2007", "2006" ], [ "weighted average exercise price per share", "$ 51.74", "$ 60.94", "$ 37.84" ], [ "expected annual dividends per share", "$ 0.96", "$ 0.96", "$ 0.80" ], [ "expected life in years", "4.8", "5.0", "5.1" ], [ "expected volatility", "30% ( 30 % )", "27% ( 27 % )", "28% ( 28 % )" ], [ "risk-free interest rate", "3.1% ( 3.1 % )", "4.1% ( 4.1 % )", "5.0% ( 5.0 % )" ], [ "weighted average grant date fair value of stock option awards granted", "$ 13.03", "$ 17.24", "$ 10.19" ] ]

[ { "arg1": "51.74", "arg2": "37.84", "op": "minus1-1", "res": "13.90" }, { "arg1": "#0", "arg2": "37.84", "op": "divide1-2", "res": "36.7%" } ]

[ "we realize synergies from consolidating businesses into our existing operations , whether through acquisitions or public-private partnerships , which allow us to reduce capital and expense requirements associated with truck routing , personnel , fleet maintenance , inventories and back-office administration .", "operating model the goal of our operating model pillar is to deliver a consistent , high quality service to all of our customers through the republic way : one way .", "everywhere .", "every day .", "this approach of developing standardized processes with rigorous controls and tracking allows us to leverage our scale and deliver durable operational excellence .", "the republic way is the key to harnessing the best of what we do as operators and translating that across all facets of our business .", "a key enabler of the republic way is our organizational structure that fosters a high performance culture by maintaining 360 degree accountability and full profit and loss responsibility with general management , supported by a functional structure to provide subject matter expertise .", "this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics .", "we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in the most efficient and environmentally sound way .", "fleet automation approximately 72% ( 72 % ) of our residential routes have been converted to automated single driver trucks .", "by converting our residential routes to automated service , we reduce labor costs , improve driver productivity , decrease emissions and create a safer work environment for our employees .", "additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities .", "fleet conversion to compressed natural gas ( cng ) approximately 16% ( 16 % ) of our fleet operates on cng .", "we expect to continue our gradual fleet conversion to cng , our preferred alternative fuel technology , as part of our ordinary annual fleet replacement process .", "we believe a gradual fleet conversion is most prudent to realize the full value of our previous fleet investments .", "approximately 33% ( 33 % ) of our replacement vehicle purchases during 2015 were cng vehicles .", "we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment .", "although upfront costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses .", "as of december 31 , 2015 , we operated 38 cng fueling stations .", "standardized maintenance based on an industry trade publication , we operate the ninth largest vocational fleet in the united states .", "as of december 31 , 2015 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age ." ]

[ "onefleet , our standardized vehicle maintenance program , enables us to use best practices for fleet management , truck care and maintenance .", "through standardization of core functions , we believe we can minimize variability ." ]

[ [ "", "Approximate Number of Vehicles", "Approximate Average Age" ], [ "Residential", "7,200", "7" ], [ "Small-container Commercial", "4,400", "7" ], [ "Large-container Industrial", "4,000", "9" ], [ "Total", "15,600", "7.5" ] ]

[ [ "", "approximate number of vehicles", "approximate average age" ], [ "residential", "7200", "7" ], [ "small-container commercial", "4400", "7" ], [ "large-container industrial", "4000", "9" ], [ "total", "15600", "7.5" ] ]

[]

[ "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": "1563", "arg2": "2446", "op": "add1-1", "res": "4009" }, { "arg1": "9938", "arg2": "#0", "op": "divide1-2", "res": "2.48" } ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 75.0 million and network location intangibles of approximately $ 72.7 million .", "the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .", "( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes .", "the goodwill was allocated to the company 2019s international rental and management segment .", "on september 12 , 2012 , the company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from telef f3nica mexico .", "on september 27 , 2012 and december 14 , 2012 , the company completed the purchase of 279 and 2 communications sites , for an aggregate purchase price of $ 63.5 million ( including value added tax of $ 8.8 million ) .", "the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation ." ]

[ "( 1 ) consists of customer-related intangibles of approximately $ 10.7 million and network location intangibles of approximately $ 10.4 million .", "the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .", "( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes .", "the goodwill was allocated to the company 2019s international rental and management segment .", "on november 16 , 2012 , the company entered into an agreement to purchase up to 198 additional communications sites from telef f3nica mexico .", "on december 14 , 2012 , the company completed the purchase of 188 communications sites , for an aggregate purchase price of $ 64.2 million ( including value added tax of $ 8.9 million ) . ." ]

[ [ "", "Preliminary Purchase Price Allocation" ], [ "Current assets", "$8,763" ], [ "Non-current assets", "2,332" ], [ "Property and equipment", "26,711" ], [ "Intangible assets (1)", "21,079" ], [ "Other non-current liabilities", "(1,349)" ], [ "Fair value of net assets acquired", "$57,536" ], [ "Goodwill (2)", "5,998" ] ]

[ [ "", "preliminary purchase price allocation" ], [ "current assets", "$ 8763" ], [ "non-current assets", "2332" ], [ "property and equipment", "26711" ], [ "intangible assets ( 1 )", "21079" ], [ "other non-current liabilities", "-1349 ( 1349 )" ], [ "fair value of net assets acquired", "$ 57536" ], [ "goodwill ( 2 )", "5998" ] ]

[ { "arg1": "75.0", "arg2": "72.7", "op": "add1-1", "res": "147.7" }, { "arg1": "#0", "arg2": "20", "op": "divide1-2", "res": "7.4" } ]

[ "sources of liquidity primary sources of liquidity for citigroup and its principal subsidiaries include : 2022 deposits ; 2022 collateralized financing transactions ; 2022 senior and subordinated debt ; 2022 commercial paper ; 2022 trust preferred and preferred securities ; and 2022 purchased/wholesale funds .", "citigroup 2019s funding sources are diversified across funding types and geography , a benefit of its global franchise .", "funding for citigroup and its major operating subsidiaries includes a geographically diverse retail and corporate deposit base of $ 774.2 billion .", "these deposits are diversified across products and regions , with approximately two-thirds of them outside of the u.s .", "this diversification provides the company with an important , stable and low-cost source of funding .", "a significant portion of these deposits has been , and is expected to be , long-term and stable , and are considered to be core .", "there are qualitative as well as quantitative assessments that determine the company 2019s calculation of core deposits .", "the first step in this process is a qualitative assessment of the deposits .", "for example , as a result of the company 2019s qualitative analysis certain deposits with wholesale funding characteristics are excluded from consideration as core .", "deposits that qualify under the company 2019s qualitative assessments are then subjected to quantitative analysis .", "excluding the impact of changes in foreign exchange rates and the sale of our retail banking operations in germany during the year ending december 31 , 2008 , the company 2019s deposit base remained stable .", "on a volume basis , deposit increases were noted in transaction services , u.s .", "retail banking and smith barney .", "this was partially offset by the company 2019s decision to reduce deposits considered wholesale funding , consistent with the company 2019s de-leveraging efforts , and declines in international consumer banking and the private bank .", "citigroup and its subsidiaries have historically had a significant presence in the global capital markets .", "the company 2019s capital markets funding activities have been primarily undertaken by two legal entities : ( i ) citigroup inc. , which issues long-term debt , medium-term notes , trust preferred securities , and preferred and common stock ; and ( ii ) citigroup funding inc .", "( cfi ) , a first-tier subsidiary of citigroup , which issues commercial paper , medium-term notes and structured equity-linked and credit-linked notes , all of which are guaranteed by citigroup .", "other significant elements of long- term debt on the consolidated balance sheet include collateralized advances from the federal home loan bank system , long-term debt related to the consolidation of icg 2019s structured investment vehicles , asset-backed outstandings , and certain borrowings of foreign subsidiaries .", "each of citigroup 2019s major operating subsidiaries finances its operations on a basis consistent with its capitalization , regulatory structure and the environment in which it operates .", "particular attention is paid to those businesses that for tax , sovereign risk , or regulatory reasons cannot be freely and readily funded in the international markets .", "citigroup 2019s borrowings have historically been diversified by geography , investor , instrument and currency .", "decisions regarding the ultimate currency and interest rate profile of liquidity generated through these borrowings can be separated from the actual issuance through the use of derivative instruments .", "citigroup is a provider of liquidity facilities to the commercial paper programs of the two primary credit card securitization trusts with which it transacts .", "citigroup may also provide other types of support to the trusts .", "as a result of the recent economic downturn , its impact on the cashflows of the trusts , and in response to credit rating agency reviews of the trusts , the company increased the credit enhancement in the omni trust , and plans to provide additional enhancement to the master trust ( see note 23 to consolidated financial statements on page 175 for a further discussion ) .", "this support preserves investor sponsorship of our card securitization franchise , an important source of liquidity .", "banking subsidiaries there are various legal limitations on the ability of citigroup 2019s subsidiary depository institutions to extend credit , pay dividends or otherwise supply funds to citigroup and its non-bank subsidiaries .", "the approval of the office of the comptroller of the currency , in the case of national banks , or the office of thrift supervision , in the case of federal savings banks , is required if total dividends declared in any calendar year exceed amounts specified by the applicable agency 2019s regulations .", "state-chartered depository institutions are subject to dividend limitations imposed by applicable state law .", "in determining the declaration of dividends , each depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements , as well as policy statements of the federal regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings .", "non-banking subsidiaries citigroup also receives dividends from its non-bank subsidiaries .", "these non-bank subsidiaries are generally not subject to regulatory restrictions on dividends .", "however , as discussed in 201ccapital resources and liquidity 201d on page 94 , the ability of cgmhi to declare dividends can be restricted by capital considerations of its broker-dealer subsidiaries .", "cgmhi 2019s consolidated balance sheet is liquid , with the vast majority of its assets consisting of marketable securities and collateralized short-term financing agreements arising from securities transactions .", "cgmhi monitors and evaluates the adequacy of its capital and borrowing base on a daily basis to maintain liquidity and to ensure that its capital base supports the regulatory capital requirements of its subsidiaries .", "some of citigroup 2019s non-bank subsidiaries , including cgmhi , have credit facilities with citigroup 2019s subsidiary depository institutions , including citibank , n.a .", "borrowings under these facilities must be secured in accordance with section 23a of the federal reserve act .", "there are various legal restrictions on the extent to which a bank holding company and certain of its non-bank subsidiaries can borrow or obtain credit from citigroup 2019s subsidiary depository institutions or engage in certain other transactions with them .", "in general , these restrictions require that transactions be on arm 2019s length terms and be secured by designated amounts of specified collateral .", "see note 20 to the consolidated financial statements on page 169 .", "at december 31 , 2008 , long-term debt and commercial paper outstanding for citigroup , cgmhi , cfi and citigroup 2019s subsidiaries were as follows : in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc .", "( 2 ) citigroup subsidiaries long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 ( 1 ) ." ]

[ "( 1 ) at december 31 , 2008 , approximately $ 67.4 billion relates to collateralized advances from the federal home loan bank .", "( 2 ) citigroup inc .", "guarantees all of cfi 2019s debt and cgmhi 2019s publicly issued securities. ." ]

[ [ "<i>In billions of dollars</i>", "Citigroup parent company", "CGMHI⁽²⁾", "Citigroup Funding Inc.⁽²⁾", "Other Citigroup subsidiaries", "" ], [ "Long-term debt", "$192.3", "$20.6", "$37.4", "$109.3", "⁽¹⁾" ], [ "Commercial paper", "$—", "$—", "$28.6", "$0.5", "" ] ]

[ [ "in billions of dollars", "citigroup parent company", "cgmhi ( 2 )", "citigroup funding inc. ( 2 )", "other citigroup subsidiaries", "" ], [ "long-term debt", "$ 192.3", "$ 20.6", "$ 37.4", "$ 109.3", "-1 ( 1 )" ], [ "commercial paper", "$ 2014", "$ 2014", "$ 28.6", "$ 0.5", "" ] ]

[ { "arg1": "192.3", "arg2": "20.6", "op": "add1-1", "res": "212.9" }, { "arg1": "#0", "arg2": "37.4", "op": "add1-2", "res": "250.3" }, { "arg1": "#1", "arg2": "109.3", "op": "add1-3", "res": "359.6" } ]

[ "issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2012 .", "period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) amount available for future share repurchases the program ( b ) ( in millions ) ." ]

[ "( a ) we repurchased a total of 3.1 million shares of our common stock for $ 286 million during the quarter ended december 31 , 2012 under a share repurchase program that we announced in october 2010 .", "( b ) our board of directors has approved a share repurchase program for the repurchase of our common stock from time-to-time , authorizing an amount available for share repurchases of $ 6.5 billion .", "under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation .", "the program does not have an expiration date .", "as of december 31 , 2012 , we had repurchased a total of 54.3 million shares under the program for $ 4.2 billion. ." ]

[ [ "Period", "Total Number of Shares Purchased", "Average Price Paid Per Share", "Total Number of Shares Purchased as Part of Publicly Announced Program⁽^a⁾", "Amount Available for Future Share Repurchases Under the Program⁽^b⁾ (in millions)" ], [ "October 1, 2012 – October 28, 2012", "842,445", "$93.38", "842,445", "$2,522" ], [ "October 29, 2012 – November 25, 2012", "872,973", "90.86", "872,973", "2,443" ], [ "November 26, 2012 – December 31, 2012", "1,395,288", "92.02", "1,395,288", "2,315" ], [ "Total", "3,110,706", "$92.07", "3,110,706", "$2,315" ] ]

[ [ "period", "total number of shares purchased", "average price paid per share", "total number of shares purchased as part of publicly announced program ( a )", "amount available for future share repurchases under the program ( b ) ( in millions )" ], [ "october 1 2012 2013 october 28 2012", "842445", "$ 93.38", "842445", "$ 2522" ], [ "october 29 2012 2013 november 25 2012", "872973", "90.86", "872973", "2443" ], [ "november 26 2012 2013 december 31 2012", "1395288", "92.02", "1395288", "2315" ], [ "total", "3110706", "$ 92.07", "3110706", "$ 2315" ] ]

[]

[ "goodwill is reviewed annually during the fourth quarter for impairment .", "in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors .", "such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts .", "an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value .", "the company did not recognize any impair- ment losses for the periods presented .", "medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims .", "the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes .", "these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known .", "management did not change actuarial methods during the years presented .", "management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates .", "revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts .", "some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries .", "revenue is recognized as earned over the covered period of services .", "revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data .", "these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known .", "premiums collected in advance are recorded as unearned revenue .", "the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers .", "revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services .", "for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance .", "such amounts are recorded as unearned revenue .", "revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts .", "activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: ." ]

[ "significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs .", "the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed .", "contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 .", "reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services .", "the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 .", "centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem .", "reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively .", "reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively .", "reinsurance recoveries , net of expenses , are included in medical costs .", "other income ( expense ) other income ( expense ) consists principally of investment income and interest expense .", "investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments .", "interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees .", "income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases .", "deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled .", "the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change .", "valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized .", "in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of ." ]

[ [ "", "2005", "2004", "2003" ], [ "Allowances, beginning of year", "$462", "$607", "$219" ], [ "Amounts charged to expense", "80", "407", "472" ], [ "Write-offs of uncollectible receivables", "(199)", "(552)", "(84)" ], [ "Allowances, end of year", "$343", "$462", "$607" ] ]

[ [ "", "2005", "2004", "2003" ], [ "allowances beginning of year", "$ 462", "$ 607", "$ 219" ], [ "amounts charged to expense", "80", "407", "472" ], [ "write-offs of uncollectible receivables", "-199 ( 199 )", "-552 ( 552 )", "-84 ( 84 )" ], [ "allowances end of year", "$ 343", "$ 462", "$ 607" ] ]

[ { "arg1": "462", "arg2": "607", "op": "minus1-1", "res": "-145" }, { "arg1": "#0", "arg2": "607", "op": "divide1-2", "res": "24%" } ]

[ "alexion pharmaceuticals , inc .", "notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , five month period ended december 31 , 2005 , and year ended july 31 , 2005 ( amounts in thousands , except share and per share amounts ) in 2006 , we completed a final phase iii trial of pexelizumab .", "after reviewing results from that trial , we along with p&g , determined not to pursue further development of pexelizumab .", "effective march 30 , 2007 , we and p&g mutually agreed to terminate the collaboration agreement .", "as the relevant agreement has been terminated in march 2007 , the remaining portion of the $ 10000 non-refundable up-front license fee , or $ 5343 , was recognized as revenue in the year ended december 31 , 2007 and is included in contract research revenues .", "license and research and development agreements we have entered into a number of license , research and development and manufacturing development agreements since our inception .", "these agreements have been made with various research institutions , universities , contractors , collaborators , and government agencies in order to advance and obtain technologies and services related to our business .", "license agreements generally provide for an initial fee followed by annual minimum royalty payments .", "additionally , certain agreements call for future payments upon the attainment of agreed upon milestones , such as , but not limited to , investigational new drug , or ind , application or approval of biologics license application .", "these agreements require minimum royalty payments based on sales of products developed from the applicable technologies , if any .", "clinical and manufacturing development agreements generally provide for us to fund manufacturing development and on-going clinical trials .", "clinical trial and development agreements include contract services and outside contractor services including contracted clinical site services related to patient enrolment for our clinical trials .", "manufacturing development agreements include clinical manufacturing and manufacturing development and scale-up .", "we have executed a large-scale product supply agreement with lonza sales ag for the long-term commercial manufacture of soliris ( see note 9 ) .", "in order to maintain our rights under these agreements , we may be required to provide a minimum level of funding or support .", "we may elect to terminate these arrangements .", "accordingly , we recognize the expense and related obligation related to these arrangements over the period of performance .", "the minimum fixed payments ( assuming non-termination of the above agreements ) as of december 31 , 2007 , for each of the next five years are as follows : years ending december 31 , license agreements clinical and manufacturing development agreements ." ]

[ "." ]

[ [ "Years Ending December 31,", "License Agreements", "Clinical and Manufacturing Development Agreements" ], [ "2008", "$707", "$2,860" ], [ "2009", "552", "3,750" ], [ "2010", "322", "7,500" ], [ "2011", "300", "7,500" ], [ "2012", "300", "7,500" ] ]

[ [ "years ending december 31,", "license agreements", "clinical and manufacturing development agreements" ], [ "2008", "$ 707", "$ 2860" ], [ "2009", "552", "3750" ], [ "2010", "322", "7500" ], [ "2011", "300", "7500" ], [ "2012", "300", "7500" ] ]

[ { "arg1": "552", "arg2": "707", "op": "minus1-1", "res": "-155" }, { "arg1": "#0", "arg2": "707", "op": "divide1-2", "res": "-21.9%" } ]

[ "liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings .", "we continue to expect our operating cash flow to remain strong .", "as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s .", "as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate .", "these liabilities were recorded as part of the respective purchase price accounting of each transaction .", "the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 .", "as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 .", "the credit facility has been established with a diverse syndicate of banks .", "there were no borrowings under our credit facility as of december 31 , 2017 or 2016 .", "the credit facility supports our $ 2.0 billion u.s .", "commercial paper program and $ 2.0 billion european commercial paper program .", "combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion .", "at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s .", "commercial paper program .", "additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs .", "most of these lines are used to support global cash pooling structures .", "approximately $ 643 million of these credit lines were available for use as of year-end 2017 .", "bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions .", "we do not have any other significant unconditional purchase obligations or commercial commitments .", "as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s .", "as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively .", "a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities .", "should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds .", "in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility .", "we are in compliance with our debt covenants and other requirements of our credit agreements and indentures .", "a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: ." ]

[ "* interest on variable rate debt was calculated using the interest rate at year-end 2017 .", "during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act .", "the expense is primarily related to the one-time transition tax , which is payable over eight years .", "as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance .", "as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million .", "we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required .", "therefore , these amounts have been excluded from the schedule of contractual obligations. ." ]

[ [ "", "", "Payments Due by Period" ], [ "(millions)", "Total", "Less Than 1 Year", "2-3 Years", "4-5 Years", "More Than 5 Years" ], [ "Notes payable", "$ 15", "$ 15", "$ -", "$ -", "$ -" ], [ "One-time transition tax", "160", "13", "26", "26", "95" ], [ "Long-term debt", "7,303", "549", "696", "1,513", "4,545" ], [ "Capital lease obligations", "5", "1", "1", "1", "2" ], [ "Operating leases", "617", "131", "211", "160", "115" ], [ "Interest*", "2,753", "242", "436", "375", "1,700" ], [ "Total", "$ 10,853", "$ 951", "$ 1,370", "$ 2,075", "$ 6,457" ] ]

[ [ "( millions )", "total", "payments due by period less than 1 year", "payments due by period 2-3 years", "payments due by period 4-5 years", "payments due by period more than 5 years" ], [ "notes payable", "$ 15", "$ 15", "$ -", "$ -", "$ -" ], [ "one-time transition tax", "160", "13", "26", "26", "95" ], [ "long-term debt", "7303", "549", "696", "1513", "4545" ], [ "capital lease obligations", "5", "1", "1", "1", "2" ], [ "operating leases", "617", "131", "211", "160", "115" ], [ "interest*", "2753", "242", "436", "375", "1700" ], [ "total", "$ 10853", "$ 951", "$ 1370", "$ 2075", "$ 6457" ] ]

[ { "arg1": "211", "arg2": "327", "op": "minus1-1", "res": "-116" }, { "arg1": "#0", "arg2": "327", "op": "divide1-2", "res": "-35.5%" } ]

[ "table of contents primarily to certain undistributed foreign earnings for which no u.s .", "taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s .", "the lower effective tax rate in 2010 as compared to 2009 is due primarily to an increase in foreign earnings on which u.s .", "income taxes have not been provided as such earnings are intended to be indefinitely reinvested outside the u.s .", "as of september 25 , 2010 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.4 billion , and deferred tax liabilities of $ 5.0 billion .", "management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets .", "the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance .", "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 .", "all irs audit issues for years prior to 2004 have been resolved .", "during the third quarter of 2010 , the company reached a tax settlement with the irs for the years 2002 through 2003 .", "in addition , the company is subject to audits by state , local , and foreign tax authorities .", "management believes that 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 taxes in the period such resolution occurs .", "liquidity and capital resources the following table presents selected financial information and statistics as of and for the three years ended september 25 , 2010 ( in millions ) : as of september 25 , 2010 , the company had $ 51 billion in cash , cash equivalents and marketable securities , an increase of $ 17 billion from september 26 , 2009 .", "the principal component of this net increase was the cash generated by operating activities of $ 18.6 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 638 million .", "the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities , generally with a minimum rating of single-a or equivalent .", "as of september 25 , 2010 and september 26 , 2009 , $ 30.8 billion and $ 17.4 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s .", "dollar-denominated holdings .", "the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months. ." ]

[ "." ]

[ [ "", "2010", "2009", "2008" ], [ "Cash, cash equivalents and marketable securities", "$51,011", "$33,992", "$24,490" ], [ "Accounts receivable, net", "$5,510", "$3,361", "$2,422" ], [ "Inventories", "$1,051", "$455", "$509" ], [ "Working capital", "$20,956", "$20,049", "$18,645" ], [ "Annual operating cash flow", "$18,595", "$10,159", "$9,596" ] ]

[ [ "", "2010", "2009", "2008" ], [ "cash cash equivalents and marketable securities", "$ 51011", "$ 33992", "$ 24490" ], [ "accounts receivable net", "$ 5510", "$ 3361", "$ 2422" ], [ "inventories", "$ 1051", "$ 455", "$ 509" ], [ "working capital", "$ 20956", "$ 20049", "$ 18645" ], [ "annual operating cash flow", "$ 18595", "$ 10159", "$ 9596" ] ]

[ { "arg1": "51011", "arg2": "24490", "op": "minus1-1", "res": "26521" }, { "arg1": "#0", "arg2": "24490", "op": "divide1-2", "res": "108.3%" } ]

[ "entergy texas , inc .", "and subsidiaries management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income decreased $ 31.4 million primarily due to lower net revenue , higher depreciation and amortization expenses , higher other operation and maintenance expenses , and higher taxes other than income taxes .", "2016 compared to 2015 net income increased $ 37.9 million primarily due to lower other operation and maintenance expenses , the asset write-off of its receivable associated with the spindletop gas storage facility in 2015 , and higher net revenue .", "net revenue 2017 compared to 2016 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .", "following is an analysis of the change in net revenue comparing 2017 to 2016 .", "amount ( in millions ) ." ]

[ "the net wholesale revenue variance is primarily due to lower net capacity revenues resulting from the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016 .", "the purchased power capacity variance is primarily due to increased expenses due to capacity cost changes for ongoing purchased power capacity contracts .", "the transmission revenue variance is primarily due to a decrease in the amount of transmission revenues allocated by miso .", "the reserve equalization variance is due to the absence of reserve equalization expenses in 2017 as a result of entergy texas 2019s exit from the system agreement in august 2016 .", "see note 2 to the financial statements for a discussion of the system agreement. ." ]

[ [ "", "Amount (In Millions)" ], [ "2016 net revenue", "$644.2" ], [ "Net wholesale revenue", "(35.1)" ], [ "Purchased power capacity", "(5.9)" ], [ "Transmission revenue", "(5.4)" ], [ "Reserve equalization", "5.6" ], [ "Retail electric price", "19.0" ], [ "Other", "4.4" ], [ "2017 net revenue", "$626.8" ] ]

[ [ "", "amount ( in millions )" ], [ "2016 net revenue", "$ 644.2" ], [ "net wholesale revenue", "-35.1 ( 35.1 )" ], [ "purchased power capacity", "-5.9 ( 5.9 )" ], [ "transmission revenue", "-5.4 ( 5.4 )" ], [ "reserve equalization", "5.6" ], [ "retail electric price", "19.0" ], [ "other", "4.4" ], [ "2017 net revenue", "$ 626.8" ] ]

[ { "arg1": "626.8", "arg2": "644.2", "op": "minus1-1", "res": "-17.4" }, { "arg1": "#0", "arg2": "644.2", "op": "divide1-2", "res": "-2.7%" } ]

[ "performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 81805 common stockholders of record as of january 31 , 2016 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2015 .", "the graph and table assume that $ 100 was invested on december 31 , 2010 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested .", "comparison of five-year cumulative total return for the years ended date citi s&p 500 financials ." ]

[ "." ]

[ [ "DATE", "CITI", "S&P 500", "S&P FINANCIALS" ], [ "31-Dec-2010", "100.00", "100.00", "100.00" ], [ "30-Dec-2011", "55.67", "102.11", "82.94" ], [ "31-Dec-2012", "83.81", "118.45", "106.84" ], [ "31-Dec-2013", "110.49", "156.82", "144.90" ], [ "31-Dec-2014", "114.83", "178.28", "166.93" ], [ "31-Dec-2015", "110.14", "180.75", "164.39" ] ]

[ [ "date", "citi", "s&p 500", "s&p financials" ], [ "31-dec-2010", "100.00", "100.00", "100.00" ], [ "30-dec-2011", "55.67", "102.11", "82.94" ], [ "31-dec-2012", "83.81", "118.45", "106.84" ], [ "31-dec-2013", "110.49", "156.82", "144.90" ], [ "31-dec-2014", "114.83", "178.28", "166.93" ], [ "31-dec-2015", "110.14", "180.75", "164.39" ] ]

[ { "arg1": "110.49", "arg2": "const_100", "op": "minus1-1", "res": "10.49" }, { "arg1": "156.82", "arg2": "const_100", "op": "minus1-2", "res": "56.82" }, { "arg1": "#0", "arg2": "#1", "op": "divide1-3", "res": ".185" } ]

[ "2 0 0 8 a n n u a l r e p o r t stock performance graph the following graph sets forth the performance of our series a common , series b common stock , and series c common stock for the period september 18 , 2008 through december 31 , 2008 as compared with the performance of the standard and poor 2019s 500 index and a peer group index which consists of the walt disney company , time warner inc. , cbs corporation class b common stock , viacom , inc .", "class b common stock , news corporation class a common stock , and scripps network interactive , inc .", "the graph assumes $ 100 originally invested on september 18 , 2006 and that all subsequent dividends were reinvested in additional shares .", "september 18 , september 30 , december 31 , 2008 2008 2008 ." ]

[ "s&p 500 peer group ." ]

[ [ "", "September 18, 2008", "September 30, 2008", "December 31, 2008" ], [ "DISCA", "$100.00", "$103.19", "$102.53" ], [ "DISCB", "$100.00", "$105.54", "$78.53" ], [ "DISCK", "$100.00", "$88.50", "$83.69" ], [ "S&P 500", "$100.00", "$96.54", "$74.86" ], [ "Peer Group", "$100.00", "$92.67", "$68.79" ] ]

[ [ "", "september 18 2008", "september 30 2008", "december 31 2008" ], [ "disca", "$ 100.00", "$ 103.19", "$ 102.53" ], [ "discb", "$ 100.00", "$ 105.54", "$ 78.53" ], [ "disck", "$ 100.00", "$ 88.50", "$ 83.69" ], [ "s&p 500", "$ 100.00", "$ 96.54", "$ 74.86" ], [ "peer group", "$ 100.00", "$ 92.67", "$ 68.79" ] ]

[]

[ "blackrock n 96 n notes in april 2009 , the company acquired $ 2 million of finite- lived management contracts with a five-year estimated useful life associated with the acquisition of the r3 capital partners funds .", "in december 2009 , in conjunction with the bgi trans- action , the company acquired $ 163 million of finite- lived management contracts with a weighted-average estimated useful life of approximately 10 years .", "estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows : ( dollar amounts in millions ) ." ]

[ "indefinite-lived acquired management contracts on september 29 , 2006 , in conjunction with the mlim transaction , the company acquired indefinite-lived man- agement contracts valued at $ 4477 million consisting of $ 4271 million for all retail mutual funds and $ 206 million for alternative investment products .", "on october 1 , 2007 , in conjunction with the quellos transaction , the company acquired $ 631 million in indefinite-lived management contracts associated with alternative investment products .", "on october 1 , 2007 , the company purchased the remain- ing 20% ( 20 % ) of an investment manager of a fund of hedge funds .", "in conjunction with this transaction , the company recorded $ 8 million in additional indefinite-lived management contracts associated with alternative investment products .", "on december 1 , 2009 , in conjunction with the bgi transaction , the company acquired $ 9785 million in indefinite-lived management contracts valued consisting primarily for exchange traded funds and common and collective trusts .", "indefinite-lived acquired trade names/trademarks on december 1 , 2009 , in conjunction with the bgi transaction , the company acquired trade names/ trademarks primarily related to ishares valued at $ 1402.5 million .", "the fair value was determined using a royalty rate based primarily on normalized marketing and promotion expenditures to develop and support the brands globally .", "13 .", "borrowings short-term borrowings 2007 facility in august 2007 , the company entered into a five-year $ 2.5 billion unsecured revolving credit facility ( the 201c2007 facility 201d ) , which permits the company to request an additional $ 500 million of borrowing capacity , subject to lender credit approval , up to a maximum of $ 3.0 billion .", "the 2007 facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortiza- tion , where net debt equals total debt less domestic unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2009 .", "the 2007 facility provides back-up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities .", "at december 31 , 2009 , the company had $ 200 million outstanding under the 2007 facility with an interest rate of 0.44% ( 0.44 % ) and a maturity date during february 2010 .", "during february 2010 , the company rolled over $ 100 million in borrowings with an interest rate of 0.43% ( 0.43 % ) and a maturity date in may 2010 .", "lehman commercial paper inc .", "has a $ 140 million participation under the 2007 facility ; however blackrock does not expect that lehman commercial paper inc .", "will honor its commitment to fund additional amounts .", "bank of america , a related party , has a $ 140 million participation under the 2007 facility .", "in december 2007 , in order to support two enhanced cash funds that blackrock manages , blackrock elected to procure two letters of credit under the existing 2007 facility in an aggregate amount of $ 100 million .", "in decem- ber 2008 , the letters of credit were terminated .", "commercial paper program on october 14 , 2009 , blackrock established a com- mercial paper program ( the 201ccp program 201d ) under which the company may issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3 billion .", "the proceeds of the commercial paper issuances were used for the financing of a portion of the bgi transaction .", "subsidiaries of bank of america and barclays , as well as other third parties , act as dealers under the cp program .", "the cp program is supported by the 2007 facility .", "the company began issuance of cp notes under the cp program on november 4 , 2009 .", "as of december 31 , 2009 , blackrock had approximately $ 2 billion of out- standing cp notes with a weighted average interest rate of 0.20% ( 0.20 % ) and a weighted average maturity of 23 days .", "since december 31 , 2009 , the company repaid approxi- mately $ 1.4 billion of cp notes with proceeds from the long-term notes issued in december 2009 .", "as of march 5 , 2010 , blackrock had $ 596 million of outstanding cp notes with a weighted average interest rate of 0.18% ( 0.18 % ) and a weighted average maturity of 38 days .", "japan commitment-line in june 2008 , blackrock japan co. , ltd. , a wholly owned subsidiary of the company , entered into a five billion japanese yen commitment-line agreement with a bank- ing institution ( the 201cjapan commitment-line 201d ) .", "the term of the japan commitment-line was one year and interest accrued at the applicable japanese short-term prime rate .", "in june 2009 , blackrock japan co. , ltd .", "renewed the japan commitment-line for a term of one year .", "the japan commitment-line is intended to provide liquid- ity and flexibility for operating requirements in japan .", "at december 31 , 2009 , the company had no borrowings outstanding on the japan commitment-line .", "convertible debentures in february 2005 , the company issued $ 250 million aggregate principal amount of convertible debentures ( the 201cdebentures 201d ) , due in 2035 and bearing interest at a rate of 2.625% ( 2.625 % ) per annum .", "interest is payable semi- annually in arrears on february 15 and august 15 of each year , and commenced august 15 , 2005 .", "prior to february 15 , 2009 , the debentures could have been convertible at the option of the holder at a decem- ber 31 , 2008 conversion rate of 9.9639 shares of common stock per one dollar principal amount of debentures under certain circumstances .", "the debentures would have been convertible into cash and , in some situations as described below , additional shares of the company 2019s common stock , if during the five business day period after any five consecutive trading day period the trading price per debenture for each day of such period is less than 103% ( 103 % ) of the product of the last reported sales price of blackrock 2019s common stock and the conversion rate of the debentures on each such day or upon the occurrence of certain other corporate events , such as a distribution to the holders of blackrock common stock of certain rights , assets or debt securities , if the company becomes party to a merger , consolidation or transfer of all or substantially all of its assets or a change of control of the company .", "on february 15 , 2009 , the debentures became convertible into cash at any time prior to maturity at the option of the holder and , in some situations as described below , additional shares of the company 2019s common stock at the current conversion rate .", "at the time the debentures are tendered for conver- sion , for each one dollar principal amount of debentures converted , a holder shall be entitled to receive cash and shares of blackrock common stock , if any , the aggregate value of which ( the 201cconversion value 201d ) will be deter- mined by multiplying the applicable conversion rate by the average of the daily volume weighted average price of blackrock common stock for each of the ten consecutive trading days beginning on the second trading day imme- diately following the day the debentures are tendered for conversion ( the 201cten-day weighted average price 201d ) .", "the company will deliver the conversion value to holders as follows : ( 1 ) an amount in cash ( the 201cprincipal return 201d ) equal to the lesser of ( a ) the aggregate conversion value of the debentures to be converted and ( b ) the aggregate principal amount of the debentures to be converted , and ( 2 ) if the aggregate conversion value of the debentures to be converted is greater than the principal return , an amount in shares ( the 201cnet shares 201d ) , determined as set forth below , equal to such aggregate conversion value less the principal return ( the 201cnet share amount 201d ) .", "the number of net shares to be paid will be determined by dividing the net share amount by the ten-day weighted average price .", "in lieu of delivering fractional shares , the company will deliver cash based on the ten-day weighted average price .", "the conversion rate for the debentures is subject to adjustments upon the occurrence of certain corporate events , such as a change of control of the company , 193253ti_txt.indd 96 4/2/10 1:18 pm ." ]

[ [ "2010", "$160" ], [ "2011", "157" ], [ "2012", "156" ], [ "2013", "155" ], [ "2014", "149" ] ]

[ [ "2010", "$ 160" ], [ "2011", "157" ], [ "2012", "156" ], [ "2013", "155" ], [ "2014", "149" ] ]

[ { "arg1": "160", "arg2": "157", "op": "minus1-1", "res": "3" }, { "arg1": "#0", "arg2": "157", "op": "divide1-2", "res": "1.91%" } ]

[ "the table below summarizes activity of rsus with performance conditions for the year ended december 31 , shares ( in thousands ) weighted average grant date fair value ( per share ) ." ]

[ "as of december 31 , 2017 , $ 6 million of total unrecognized compensation cost related to the nonvested rsus , with and without performance conditions , is expected to be recognized over the weighted-average remaining life of 1.5 years .", "the total fair value of rsus , with and without performance conditions , vested was $ 16 million , $ 14 million and $ 12 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "if dividends are paid with respect to shares of the company 2019s common stock before the rsus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus were shares of company common stock .", "when the rsus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued .", "the company accrued dividend equivalents totaling less than $ 1 million , $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in stockholders 2019 equity for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three-month purchase period .", "on february 15 , 2017 , the board adopted the american water works company , inc .", "and its designated subsidiaries 2017 nonqualified employee stock purchase plan , which was approved by stockholders on may 12 , 2017 and took effect on august 5 , 2017 .", "the prior plan was terminated as to new purchases of company stock effective august 31 , 2017 .", "as of december 31 , 2017 , there were 2.0 million shares of common stock reserved for issuance under the espp .", "the espp is considered compensatory .", "during the years ended december 31 , 2017 , 2016 and 2015 , the company issued 93 thousand , 93 thousand and 98 thousand shares , respectively , under the espp. ." ]

[ [ "", "Shares(In thousands)", "WeightedAverage GrantDate Fair Value(Per share)" ], [ "Non-vested total as of December 31, 2016", "309", "$55.94" ], [ "Granted", "186", "63.10" ], [ "Vested", "(204)", "46.10" ], [ "Forfeited", "(10)", "70.50" ], [ "Non-vested total as of December 31, 2017", "281", "$67.33" ] ]

[ [ "", "shares ( in thousands )", "weightedaverage grantdate fair value ( per share )" ], [ "non-vested total as of december 31 2016", "309", "$ 55.94" ], [ "granted", "186", "63.10" ], [ "vested", "-204 ( 204 )", "46.10" ], [ "forfeited", "-10 ( 10 )", "70.50" ], [ "non-vested total as of december 31 2017", "281", "$ 67.33" ] ]

[ { "arg1": "281", "arg2": "309", "op": "minus1-1", "res": "-28" }, { "arg1": "#0", "arg2": "309", "op": "divide1-2", "res": "-9.1%" } ]

[ "operating lease agreements .", "included in these amounts was contingent rent expense of $ 3.6 million , $ 2.0 million and $ 0.6 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively .", "the operating lease obligations included above do not include any contingent rent .", "sponsorships and other marketing 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 , 2011 : ( in thousands ) ." ]

[ "the amounts listed above are the minimum obligations required to be paid under the company 2019s sponsorship and other marketing agreements .", "the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements .", "it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products .", "the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives .", "in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers .", "the company is , from time to time , involved in routine legal matters incidental to its business .", "the company believes that the ultimate resolution of any such current proceedings and claims will not have a material adverse effect on its consolidated financial position , results of operations or cash flows .", "in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items .", "generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith .", "based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations .", "9 .", "stockholders 2019 equity the company 2019s class a common stock and class b convertible common stock have an authorized number of shares of 100.0 million shares and 11.3 million shares , respectively , and each have a par value of $ 0.0003 1/3 per share .", "holders of class a common stock and class b convertible common stock have identical rights , including liquidation preferences , except that the holders of class a common stock are entitled to one vote per share and holders of class b convertible common stock are entitled to 10 votes per share on all matters submitted to a stockholder vote .", "class b convertible common stock may only be held by kevin plank ." ]

[ [ "2012", "$52,855" ], [ "2013", "46,910" ], [ "2014", "42,514" ], [ "2015", "22,689" ], [ "2016", "3,580" ], [ "2017 and thereafter", "966" ], [ "Total future minimum sponsorship and other marketing payments", "$169,514" ] ]

[ [ "2012", "$ 52855" ], [ "2013", "46910" ], [ "2014", "42514" ], [ "2015", "22689" ], [ "2016", "3580" ], [ "2017 and thereafter", "966" ], [ "total future minimum sponsorship and other marketing payments", "$ 169514" ] ]

[]

[ "contracts and customer purchase orders are generally used to determine the existence of an arrangement .", "shipping documents are used to verify delivery .", "the company assesses whether the selling price is fixed or determinable based upon the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment .", "the company assesses collectibility based primarily on the creditworthiness of the customer as determined by credit checks and analysis , as well as the customer 2019s payment history .", "accruals for customer returns for defective product are based on historical experience with similar types of sales .", "accruals for rebates and incentives are based on pricing agreements and are generally tied to sales volume .", "changes in such accruals may be required if future returns differ from historical experience or if actual sales volume differ from estimated sales volume .", "rebates and incentives are recognized as a reduction of sales .", "compensated absences .", "in the fourth quarter of 2001 , the company changed its vacation policy for certain employees so that vacation pay is earned ratably throughout the year and must be used by year-end .", "the accrual for compensated absences was reduced by $ 1.6 million in 2001 to eliminate vacation pay no longer required to be accrued under the current policy .", "advertising .", "advertising costs are charged to operations as incurred and amounted to $ 18.4 , $ 16.2 and $ 8.8 million during 2003 , 2002 and 2001 respectively .", "research and development .", "research and development costs are charged to operations as incurred and amounted to $ 34.6 , $ 30.4 and $ 27.6 million during 2003 , 2002 and 2001 , respectively .", "product warranty .", "the company 2019s products carry warranties that generally range from one to six years and are based on terms that are generally accepted in the market place .", "the company records a liability for the expected cost of warranty-related claims at the time of sale .", "the allocation of our warranty liability between current and long-term is based on expected warranty claims to be paid in the next year as determined by historical product failure rates .", "1 .", "organization and significant accounting policies ( continued ) the following table presents the company 2019s product warranty liability activity in 2003 and 2002 : note to table : environmental costs .", "the company accrues for losses associated with environmental obligations when such losses are probable and reasonably estimable .", "costs of estimated future expenditures are not discounted to their present value .", "recoveries of environmental costs from other parties are recorded as assets when their receipt is considered probable .", "the accruals are adjusted as facts and circumstances change .", "stock based compensation .", "the company has one stock-based employee compensation plan ( see note 11 ) .", "sfas no .", "123 , 201caccounting for stock-based compensation , 201d encourages , but does not require companies to record compensation cost for stock-based employee compensation plans at fair value .", "the company has chosen to continue applying accounting principles board opinion no .", "25 , 201caccounting for stock issued to employees , 201d and related interpretations , in accounting for its stock option plans .", "accordingly , because the number of shares is fixed and the exercise price of the stock options equals the market price of the underlying stock on the date of grant , no compensation expense has been recognized .", "had compensation cost been determined based upon the fair value at the grant date for awards under the plans based on the provisions of sfas no .", "123 , the company 2019s pro forma earnings and earnings per share would have been as follows: ." ]

[ "( 1 ) in exchange for other concessions , the customer has agreed to accept responsibility for units they have purchased from the company which become defective .", "the amount of the warranty reserve applicable to the estimated number of units previously sold to this customer that may become defective has been reclassified from the product warranty liability to a deferred revenue account. ." ]

[ [ "Years ended December 31 (dollars in millions)", "2003", "2002" ], [ "Balance at beginning of year", "$63.2", "$69.6" ], [ "Expense", "29.1", "29.9" ], [ "Claims settled", "(30.2)", "(29.1)" ], [ "Customer warranty waiver (1)", "--", "(7.2)" ], [ "Balance at end of year", "$62.1", "$63.2" ] ]

[ [ "years ended december 31 ( dollars in millions )", "2003", "2002" ], [ "balance at beginning of year", "$ 63.2", "$ 69.6" ], [ "expense", "29.1", "29.9" ], [ "claims settled", "-30.2 ( 30.2 )", "-29.1 ( 29.1 )" ], [ "customer warranty waiver ( 1 )", "--", "-7.2 ( 7.2 )" ], [ "balance at end of year", "$ 62.1", "$ 63.2" ] ]

[ { "arg1": "30.4", "arg2": "27.6", "op": "minus1-1", "res": "2.8" }, { "arg1": "#0", "arg2": "27.6", "op": "divide1-2", "res": "10%" } ]

[ "entergy arkansas , inc .", "management's financial discussion and analysis fuel and purchased power expenses increased primarily due to increased recovery of deferred fuel and purchased power costs primarily due to an increase in april 2004 in the energy cost recovery rider and the true-ups to the 2003 and 2002 energy cost recovery rider filings .", "other regulatory credits decreased primarily due to the over-recovery of grand gulf costs due to an increase in the grand gulf rider effective january 2004 .", "2003 compared to 2002 net revenue , which is entergy arkansas' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .", "following is an analysis of the change in net revenue comparing 2003 to 2002. ." ]

[ "the march 2002 settlement agreement resolved a request for recovery of ice storm costs incurred in december 2000 with an offset of those costs for funds contributed to pay for future stranded costs .", "a 1997 settlement provided for the collection of earnings in excess of an 11% ( 11 % ) return on equity in a transition cost account ( tca ) to offset stranded costs if retail open access were implemented .", "in mid- and late december 2000 , two separate ice storms left 226000 and 212500 entergy arkansas customers , respectively , without electric power in its service area .", "entergy arkansas filed a proposal to recover costs plus carrying charges associated with power restoration caused by the ice storms .", "entergy arkansas' final storm damage cost determination reflected costs of approximately $ 195 million .", "the apsc approved a settlement agreement submitted in march 2002 by entergy arkansas , the apsc staff , and the arkansas attorney general .", "in the march 2002 settlement , the parties agreed that $ 153 million of the ice storm costs would be classified as incremental ice storm expenses that can be offset against the tca on a rate class basis , and any excess of ice storm costs over the amount available in the tca would be deferred and amortized over 30 years , although such excess costs were not allowed to be included as a separate component of rate base .", "the allocated ice storm expenses exceeded the available tca funds by $ 15.8 million which was recorded as a regulatory asset in june 2002 .", "in accordance with the settlement agreement and following the apsc's approval of the 2001 earnings review related to the tca , entergy arkansas filed to return $ 18.1 million of the tca to certain large general service class customers that paid more into the tca than their allocation of storm costs .", "the apsc approved the return of funds to the large general service customer class in the form of refund checks in august 2002 .", "as part of the implementation of the march 2002 settlement agreement provisions , the tca procedure ceased with the 2001 earnings evaluation .", "of the remaining ice storm costs , $ 32.2 million was addressed through established ratemaking procedures , including $ 22.2 million classified as capital additions , while $ 3.8 million of the ice storm costs was not recovered through rates .", "the effect on net income of the march 2002 settlement agreement and 2001 earnings review was a $ 2.2 million increase in 2003 , because the decrease in net revenue was offset by the decrease in operation and maintenance expenses discussed below. ." ]

[ [ "", "(In Millions)" ], [ "2002 net revenue", "$1,095.9" ], [ "March 2002 settlement agreement", "(154.0)" ], [ "Volume/weather", "(7.7)" ], [ "Asset retirement obligation", "30.1" ], [ "Net wholesale revenue", "16.6" ], [ "Deferred fuel cost revisions", "10.2" ], [ "Other", "7.6" ], [ "2003 net revenue", "$998.7" ] ]

[ [ "", "( in millions )" ], [ "2002 net revenue", "$ 1095.9" ], [ "march 2002 settlement agreement", "-154.0 ( 154.0 )" ], [ "volume/weather", "-7.7 ( 7.7 )" ], [ "asset retirement obligation", "30.1" ], [ "net wholesale revenue", "16.6" ], [ "deferred fuel cost revisions", "10.2" ], [ "other", "7.6" ], [ "2003 net revenue", "$ 998.7" ] ]

[ { "arg1": "1095.9", "arg2": "998.7", "op": "minus1-1", "res": "97.2" }, { "arg1": "#0", "arg2": "998.7", "op": "divide1-2", "res": "9.73%" } ]

[ "depreciation and amortization included in operating segment profit for the years ended december 31 , 2008 , 2007 and 2006 was as follows ( in millions ) : ." ]

[ "15 .", "leases future minimum rental commitments under non- cancelable operating leases in effect as of december 31 , 2008 were $ 38.2 million for 2009 , $ 30.1 million for 2010 , $ 20.9 million for 2011 , $ 15.9 million for 2012 , $ 14.3 million for 2013 and $ 29.9 million thereafter .", "total rent expense for the years ended december 31 , 2008 , 2007 and 2006 aggregated $ 41.4 million , $ 37.1 million and $ 31.1 million , respectively .", "16 .", "commitments and contingencies intellectual property and product liability-related litigation in july 2008 , we temporarily suspended marketing and distribution of the durom bb acetabular component ( durom cup ) in the u.s .", "to allow us to update product labeling to provide more detailed surgical technique instructions to surgeons and implement a surgical training program in the u.s .", "following our announcement , product liability lawsuits and other claims have been asserted against us , some of which we have settled .", "there are a number of claims still pending and we expect additional claims will be submitted .", "we recorded a provision of $ 47.5 million in the third quarter of 2008 , representing management 2019s estimate of these durom cup-related claims .", "we increased that provision by $ 21.5 million in the fourth quarter of 2008 .", "the provision is limited to revisions within two years of an original surgery that occurred prior to july 2008 .", "these parameters are consistent with our data which indicates that cup loosenings associated with surgical technique are most likely to occur within that time period .", "any claims received outside of these defined parameters will be managed in the normal course and reflected in our standard product liability accruals .", "on february 15 , 2005 , howmedica osteonics corp .", "filed an action against us and an unrelated party in the united states district court for the district of new jersey alleging infringement of u.s .", "patent nos .", "6174934 ; 6372814 ; 6664308 ; and 6818020 .", "on june 13 , 2007 , the court granted our motion for summary judgment on the invalidity of the asserted claims of u.s .", "patent nos .", "6174934 ; 6372814 ; and 6664308 by ruling that all of the asserted claims are invalid for indefiniteness .", "on august 19 , 2008 , the court granted our motion for summary judgment of non- infringement of certain claims of u.s .", "patent no .", "6818020 , reducing the number of claims at issue in the suit to five .", "we continue to believe that our defenses against infringement of the remaining claims are valid and meritorious , and we intend to defend this lawsuit vigorously .", "in addition to certain claims related to the durom cup discussed above , we are also subject to product liability and other claims and lawsuits arising in the ordinary course of business , for which we maintain insurance , subject to self- insured retention limits .", "we establish accruals for product liability and other claims in conjunction with outside counsel based on current information and historical settlement information for open claims , related fees and claims incurred but not reported .", "while it is not possible to predict with certainty the outcome of these cases , it is the opinion of management that , upon ultimate resolution , liabilities from these cases in excess of those recorded , if any , will not have a material adverse effect on our consolidated financial position , results of operations or cash flows .", "government investigations in march 2005 , the u.s .", "department of justice through the u.s .", "attorney 2019s office in newark , new jersey commenced an investigation of us and four other orthopaedic companies pertaining to consulting contracts , professional service agreements and other agreements by which remuneration is provided to orthopaedic surgeons .", "on september 27 , 2007 , we reached a settlement with the government to resolve all claims related to this investigation .", "as part of the settlement , we entered into a settlement agreement with the u.s .", "through the u.s .", "department of justice and the office of inspector general of the department of health and human services ( the 201coig-hhs 201d ) .", "in addition , we entered into a deferred prosecution agreement ( the 201cdpa 201d ) with the u.s .", "attorney 2019s office for the district of new jersey ( the 201cu.s .", "attorney 201d ) and a corporate integrity agreement ( the 201ccia 201d ) with the oig- hhs .", "we did not admit any wrongdoing , plead guilty to any criminal charges or pay any criminal fines as part of the settlement .", "we settled all civil and administrative claims related to the federal investigation by making a settlement payment to the u.s .", "government of $ 169.5 million .", "under the terms of the dpa , the u.s .", "attorney filed a criminal complaint in the u.s .", "district court for the district of new jersey charging us with conspiracy to commit violations of the anti-kickback statute ( 42 u.s.c .", "a7 1320a-7b ) during the years 2002 through 2006 .", "the court deferred prosecution of the criminal complaint during the 18-month term of the dpa .", "the u.s .", "attorney will seek dismissal of the criminal complaint after the 18-month period if we comply with the provisions of the dpa .", "the dpa provides for oversight by a federally-appointed monitor .", "under the cia , which has a term of five years , we agreed , among other provisions , to continue the operation of our enhanced corporate compliance program , designed to promote compliance with federal healthcare program z i m m e r h o l d i n g s , i n c .", "2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 060000000 ***%%pcmsg|60 |00012|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| ." ]

[ [ "", "2008", "2007", "2006" ], [ "Americas", "$78.5", "$66.9", "$56.7" ], [ "Europe", "57.0", "60.7", "46.5" ], [ "Asia Pacific", "25.6", "22.7", "18.7" ], [ "Global operations and corporate functions", "114.0", "79.7", "75.5" ], [ "Total", "$275.1", "$230.0", "$197.4" ] ]

[ [ "", "2008", "2007", "2006" ], [ "americas", "$ 78.5", "$ 66.9", "$ 56.7" ], [ "europe", "57.0", "60.7", "46.5" ], [ "asia pacific", "25.6", "22.7", "18.7" ], [ "global operations and corporate functions", "114.0", "79.7", "75.5" ], [ "total", "$ 275.1", "$ 230.0", "$ 197.4" ] ]

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[ "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 ) % ( % )" ] ]

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[ "performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end .", "additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited .", "compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period .", "maa presents stock compensation expense in the consolidated statements of operations in \"general and administrative expenses\" .", "effective january 1 , 2017 , the company adopted asu 2016-09 , improvements to employee share- based payment accounting , which allows employers to make a policy election to account for forfeitures as they occur .", "the company elected this option using the modified retrospective transition method , with a cumulative effect adjustment to retained earnings , and there was no material effect on the consolidated financial position or results of operations taken as a whole resulting from the reversal of previously estimated forfeitures .", "total compensation expense under the stock plan was approximately $ 10.8 million , $ 12.2 million and $ 6.9 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "of these amounts , total compensation expense capitalized was approximately $ 0.2 million , $ 0.7 million and $ 0.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "as of december 31 , 2017 , the total unrecognized compensation expense was approximately $ 14.1 million .", "this cost is expected to be recognized over the remaining weighted average period of 1.2 years .", "total cash paid for the settlement of plan shares totaled $ 4.8 million , $ 2.0 million and $ 1.0 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "information concerning grants under the stock plan is listed below .", "restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years .", "service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant .", "market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation .", "performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets .", "maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known .", "the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2017 , 2016 and 2015 , was $ 84.53 , $ 73.20 and $ 68.35 , respectively .", "the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2017 , 2016 and 2015: ." ]

[ "the risk free rate was based on a zero coupon risk-free rate .", "the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2017 , 2016 and 2015 .", "the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2017 , 2016 and 2015 .", "the dividend yield was based on the closing stock price of maa stock on the date of grant .", "volatility for maa was obtained by using a blend of both historical and implied volatility calculations .", "historical volatility was based on the standard deviation of daily total continuous returns , and implied volatility was based on the trailing month average of daily implied volatilities interpolating between the volatilities implied by stock call option contracts that were closest to the terms shown and closest to the money .", "the minimum volatility was based on a period of 3 years , 2 years and 1 year for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "the maximum volatility was based on a period of 1 year , 1 year and 2 years for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "the requisite service period is based on the criteria for the separate programs according to the vesting schedule. ." ]

[ [ "", "2017", "2016", "2015" ], [ "Risk free rate", "0.65% - 1.57%", "0.49% - 1.27%", "0.10% - 1.05%" ], [ "Dividend yield", "3.573%", "3.634%", "3.932%" ], [ "Volatility", "20.43% - 21.85%", "18.41% - 19.45%", "15.41% - 16.04%" ], [ "Requisite service period", "3 years", "3 years", "3 years" ] ]

[ [ "", "2017", "2016", "2015" ], [ "risk free rate", "0.65% ( 0.65 % ) - 1.57% ( 1.57 % )", "0.49% ( 0.49 % ) - 1.27% ( 1.27 % )", "0.10% ( 0.10 % ) - 1.05% ( 1.05 % )" ], [ "dividend yield", "3.573% ( 3.573 % )", "3.634% ( 3.634 % )", "3.932% ( 3.932 % )" ], [ "volatility", "20.43% ( 20.43 % ) - 21.85% ( 21.85 % )", "18.41% ( 18.41 % ) - 19.45% ( 19.45 % )", "15.41% ( 15.41 % ) - 16.04% ( 16.04 % )" ], [ "requisite service period", "3 years", "3 years", "3 years" ] ]

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[ "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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[ "hii expects to incur higher costs to complete ships currently under construction in avondale due to anticipated reductions in productivity .", "as a result , in the second quarter of 2010 , the company increased the estimates to complete lpd-23 and lpd-25 by approximately $ 210 million .", "the company recognized a $ 113 million pre-tax charge to operating income for these contracts in the second quarter of 2010 .", "hii is exploring alternative uses of the avondale facility , including alternative opportunities for the workforce .", "in connection with and as a result of the decision to wind down shipbuilding operations at the avondale , louisiana facility , the company began incurring and paying related employee severance and incentive compensation liabilities and expenditures , asset retirement obligation liabilities that became reasonably estimable , and amounts owed for not meeting certain requirements under its cooperative endeavor agreement with the state of louisiana .", "the company anticipates that it will incur substantial other restructuring and facilities shutdown related costs , including , but not limited to , severance expense , relocation expense , and asset write-downs related to the avondale facilities .", "these costs are expected to be allowable expenses under government accounting standards and thus should be recoverable in future years 2019 overhead costs .", "these future costs could approximate $ 271 million , based on management 2019s current estimate .", "such costs should be recoverable under existing flexibly priced contracts or future negotiated contracts in accordance with federal acquisition regulation ( 201cfar 201d ) provisions relating to the treatment of restructuring and shutdown related costs .", "the company is currently in discussions with the u.s .", "navy regarding its cost submission to support the recoverability of these costs under the far and applicable contracts , and this submission is subject to review and acceptance by the u.s .", "navy .", "the defense contract audit agency ( 201cdcaa 201d ) , a dod agency , prepared an initial audit report on the company 2019s cost proposal for restructuring and shutdown related costs of $ 310 million , which stated that the proposal was not adequately supported for the dcaa to reach a conclusion and questioned approximately $ 25 million , or 8% ( 8 % ) , of the costs submitted by the company .", "accordingly , the dcaa did not accept the proposal as submitted .", "the company has submitted a revised proposal to address the concerns of the dcaa and to reflect a revised estimated total cost of $ 271 million .", "should the company 2019s revised proposal be challenged by the u.s .", "navy , the company would likely pursue prescribed dispute resolution alternatives to resolve the challenge .", "that process , however , would create uncertainty as to the timing and eventual allowability of the costs related to the wind down of the avondale facility .", "ultimately , the company anticipates these discussions with the u.s .", "navy will result in an agreement that is substantially in accordance with management 2019s cost recovery expectations .", "accordingly , hii has treated these costs as allowable costs in determining the earnings performance on its contracts in process .", "the actual restructuring expenses related to the wind down may be greater than the company 2019s current estimate , and any inability to recover such costs could result in a material effect on the company 2019s consolidated financial position , results of operations or cash flows .", "the company also evaluated the effect that the wind down of the avondale facilities might have on the benefit plans in which hii employees participate .", "hii determined that the potential impact of a curtailment in these plans was not material to its consolidated financial position , results of operations or cash flows .", "the table below summarizes the company 2019s liability for restructuring and shutdown related costs associated with winding down the avondale facility .", "as of december 31 , 2011 and 2010 , these costs are comprised primarily of employee severance and retention and incentive bonuses .", "these amounts were capitalized in inventoried costs , and will be recognized as expenses in cost of product sales beginning in 2014 .", "( $ in millions ) employee compensation other accruals total ." ]

[ "." ]

[ [ "($ in millions)", "Employee Compensation", "Other Accruals", "Total" ], [ "Balance at January 1, 2010", "$0", "$0", "$0" ], [ "Accrual established", "27", "39", "66" ], [ "Payments", "0", "0", "0" ], [ "Adjustments", "0", "0", "0" ], [ "Balance at December 31, 2010", "$27", "$39", "$66" ], [ "Accrual established", "0", "0", "0" ], [ "Payments", "(24)", "(36)", "(60)" ], [ "Adjustments", "47", "(3)", "44" ], [ "Balance at December 31, 2011", "$50", "$0", "$50" ] ]

[ [ "( $ in millions )", "employee compensation", "other accruals", "total" ], [ "balance at january 1 2010", "$ 0", "$ 0", "$ 0" ], [ "accrual established", "27", "39", "66" ], [ "payments", "0", "0", "0" ], [ "adjustments", "0", "0", "0" ], [ "balance at december 31 2010", "$ 27", "$ 39", "$ 66" ], [ "accrual established", "0", "0", "0" ], [ "payments", "-24 ( 24 )", "-36 ( 36 )", "-60 ( 60 )" ], [ "adjustments", "47", "-3 ( 3 )", "44" ], [ "balance at december 31 2011", "$ 50", "$ 0", "$ 50" ] ]

[]

[ "notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries .", "the amount of parent company guarantees on lease obligations was $ 410.3 and $ 385.1 as of december 31 , 2012 and 2011 , respectively , and the amount of parent company guarantees primarily relating to credit facilities was $ 283.4 and $ 327.5 as of december 31 , 2012 and 2011 , 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 , 2012 , there were 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 ." ]

[ "1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .", "we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2012 .", "these estimated payments of $ 16.4 are included within the total payments expected to be made in 2013 , and will continue to be carried forward into 2014 or beyond until exercised or expired .", "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 .", "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 .", "legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities , arising in the normal course of business .", "we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .", "in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .", "while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .", "note 15 : recent accounting standards impairment of indefinite-lived intangible assets in july 2012 , the financial accounting standards board ( 201cfasb 201d ) issued amended guidance to simplify impairment testing of indefinite-lived intangible assets other than goodwill .", "the amended guidance permits an entity to first assess qualitative factors to determine whether it is 201cmore likely than not 201d that the indefinite-lived intangible asset is impaired .", "if , after assessing qualitative factors , an entity concludes that it is not 201cmore likely than not 201d that the indefinite-lived intangible ." ]

[ [ "", "2013", "2014", "2015", "2016", "2017", "Thereafter", "Total" ], [ "Deferred acquisition payments", "$26.0", "$12.4", "$9.7", "$46.4", "$18.9", "$2.0", "$115.4" ], [ "Redeemable noncontrolling interests and call options with affiliates¹", "20.5", "43.8", "32.9", "5.7", "2.2", "10.6", "115.7" ], [ "Total contingent acquisition payments", "46.5", "56.2", "42.6", "52.1", "21.1", "12.6", "231.1" ], [ "Less: cash compensation expense included above", "(0.7)", "(0.6)", "(0.8)", "(0.2)", "0.0", "0.0", "(2.3)" ], [ "Total", "$45.8", "$55.6", "$41.8", "$51.9", "$21.1", "$12.6", "$228.8" ] ]

[ [ "", "2013", "2014", "2015", "2016", "2017", "thereafter", "total" ], [ "deferred acquisition payments", "$ 26.0", "$ 12.4", "$ 9.7", "$ 46.4", "$ 18.9", "$ 2.0", "$ 115.4" ], [ "redeemable noncontrolling interests and call options with affiliates1", "20.5", "43.8", "32.9", "5.7", "2.2", "10.6", "115.7" ], [ "total contingent acquisition payments", "46.5", "56.2", "42.6", "52.1", "21.1", "12.6", "231.1" ], [ "less : cash compensation expense included above", "-0.7 ( 0.7 )", "-0.6 ( 0.6 )", "-0.8 ( 0.8 )", "-0.2 ( 0.2 )", "0.0", "0.0", "-2.3 ( 2.3 )" ], [ "total", "$ 45.8", "$ 55.6", "$ 41.8", "$ 51.9", "$ 21.1", "$ 12.6", "$ 228.8" ] ]

[ { "arg1": "41.8", "arg2": "228.8", "op": "divide2-1", "res": "0.1827" }, { "arg1": "#0", "arg2": "const_100", "op": "multiply2-2", "res": "18.27" } ]

[ "leveraged performance units during the year ended may 31 , 2015 , certain executives were granted performance units that we refer to as 201cleveraged performance units , 201d or 201clpus . 201d lpus contain a market condition based on our relative stock price growth over a three-year performance period .", "the lpus contain a minimum threshold performance which , if not met , would result in no payout .", "the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares .", "after the three-year performance period , which concluded in october 2017 , one-third of the earned units converted to unrestricted common stock .", "the remaining two-thirds converted to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date .", "we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award .", "the following table summarizes the changes in unvested restricted stock and performance awards for the year ended december 31 , 2017 , the 2016 fiscal transition period and for the years ended may 31 , 2016 and 2015 : shares weighted-average grant-date fair value ( in thousands ) ." ]

[ "the total fair value of restricted stock and performance awards vested was $ 33.7 million for the year ended december 31 , 2017 , $ 20.0 million for the 2016 fiscal transition period and $ 17.4 million and $ 15.0 million , respectively , for the years ended may 31 , 2016 and 2015 .", "for restricted stock and performance awards , we recognized compensation expense of $ 35.2 million for the year ended december 31 , 2017 , $ 17.2 million for the 2016 fiscal transition period and $ 28.8 million and $ 19.8 million , respectively , for the years ended may 31 , 2016 and 2015 .", "as of december 31 , 2017 , there was $ 46.1 million of unrecognized compensation expense related to unvested restricted stock and performance awards that we expect to recognize over a weighted-average period of 1.8 years .", "our restricted stock and performance award plans provide for accelerated vesting under certain conditions .", "stock options stock options are granted with an exercise price equal to 100% ( 100 % ) of fair market value of our common stock on the date of grant and have a term of ten years .", "stock options granted before the year ended may 31 , 2015 vest in equal installments on each of the first four anniversaries of the grant date .", "stock options granted during the year ended may 31 , 2015 and thereafter vest in equal installments on each of the first three anniversaries of the grant date .", "our stock option plans provide for accelerated vesting under certain conditions .", "global payments inc .", "| 2017 form 10-k annual report 2013 91 ." ]

[ [ "", "Shares (in thousands)", "Weighted-AverageGrant-DateFair Value" ], [ "Unvested at May 31, 2014", "1,754", "$22.72" ], [ "Granted", "954", "36.21" ], [ "Vested", "(648)", "23.17" ], [ "Forfeited", "(212)", "27.03" ], [ "Unvested at May 31, 2015", "1,848", "28.97" ], [ "Granted", "461", "57.04" ], [ "Vested", "(633)", "27.55" ], [ "Forfeited", "(70)", "34.69" ], [ "Unvested at May 31, 2016", "1,606", "37.25" ], [ "Granted", "348", "74.26" ], [ "Vested", "(639)", "31.38" ], [ "Forfeited", "(52)", "45.27" ], [ "Unvested at December 31, 2016", "1,263", "49.55" ], [ "Granted", "899", "79.79" ], [ "Vested", "(858)", "39.26" ], [ "Forfeited", "(78)", "59.56" ], [ "Unvested at December 31, 2017", "1,226", "$78.29" ] ]

[ [ "", "shares ( in thousands )", "weighted-averagegrant-datefair value" ], [ "unvested at may 31 2014", "1754", "$ 22.72" ], [ "granted", "954", "36.21" ], [ "vested", "-648 ( 648 )", "23.17" ], [ "forfeited", "-212 ( 212 )", "27.03" ], [ "unvested at may 31 2015", "1848", "28.97" ], [ "granted", "461", "57.04" ], [ "vested", "-633 ( 633 )", "27.55" ], [ "forfeited", "-70 ( 70 )", "34.69" ], [ "unvested at may 31 2016", "1606", "37.25" ], [ "granted", "348", "74.26" ], [ "vested", "-639 ( 639 )", "31.38" ], [ "forfeited", "-52 ( 52 )", "45.27" ], [ "unvested at december 31 2016", "1263", "49.55" ], [ "granted", "899", "79.79" ], [ "vested", "-858 ( 858 )", "39.26" ], [ "forfeited", "-78 ( 78 )", "59.56" ], [ "unvested at december 31 2017", "1226", "$ 78.29" ] ]

[]

[ "fidelity national information services , inc .", "and subsidiaries notes to consolidated financial statements - ( continued ) ( a ) intrinsic value is based on a closing stock price as of december 31 , 2016 of $ 75.64 .", "the weighted average fair value of options granted during the years ended december 31 , 2016 , 2015 and 2014 was estimated to be $ 9.35 , $ 10.67 and $ 9.15 , respectively , using the black-scholes option pricing model with the assumptions below: ." ]

[ "the company estimates future forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ from those estimates .", "the company bases the risk-free interest rate that is used in the stock option valuation model on u.s .", "n treasury securities issued with maturities similar to the expected term of the options .", "the expected stock volatility factor is determined using historical daily price changes of the company's common stock over the most recent period commensurate with the expected term of the option and the impact of any expected trends .", "the dividend yield assumption is based on the current dividend yield at the grant tt date or management's forecasted expectations .", "the expected life assumption is determined by calculating the average term from the tt company's historical stock option activity and considering the impact of expected future trends .", "the company granted a total of 1 million restricted stock shares at prices ranging from $ 56.44 to $ 79.41 on various dates in 2016 .", "the company granted a total of 1 million restricted stock shares at prices ranging from $ 61.33 to $ 69.33 on various dates in 20t 15 .", "the company granted a total of 1 million restricted stock shares at prices ranging from $ 52.85 to $ 64.04 on various dates in 2014 .", "these shares were granted at the closing market price on the date of grant and vest annually over three years .", "as of december 31 , 2016 and 2015 , we have approximately 3 million and 4 million unvested restricted shares remaining .", "the december 31 , 2016 balance includes those rsu's converted in connection with the sungard acquisition as noted above .", "the company has provided for total stock compensation expense of $ 137 million , $ 98 million and $ 56 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , which is included in selling , general , and administrative expense in the consolidated statements of earnings , unless the expense is attributable to a discontinued operation .", "of the total stock compensation expense , $ 2 million for 2014 relates to liability based awards that will not be credited to additional paid in capital until issued .", "total d compensation expense for 2016 and 2015 did not include amounts relating to liability based awards .", "as of december 31 , 2016 and 2015 , the total unrecognized compensation cost related to non-vested stock awards is $ 141 million and $ 206 million , respectively , which is expected to be recognized in pre-tax income over a weighted average period of 1.4 years and 1.6 years , respectively .", "german pension plans our german operations have unfunded , defined benefit plan obligations .", "these obligations relate to benefits to be paid to germanaa employees upon retirement .", "the accumulated benefit obligation as of december 31 , 2016 and 2015 , was $ 49 million and $ 48 million , respectively , and the projected benefit obligation was $ 50 million and $ 49 million , respectively .", "the plan remains unfunded as of december 31 , 2016 .", "( 15 ) divestitures and discontinued operations on december 7 , 2016 , the company entered into a definitive agreement to sell the sungard public sector and education ( \"ps&e\" ) businesses for $ 850 million .", "the transaction included all ps&e solutions , which provide a comprehensive set of technology solutions to address public safety and public administration needs of government entities as well asn the needs of k-12 school districts .", "the divestiture is consistent with our strategy to serve the financial services markets .", "we received cash proceeds , net of taxes and transaction-related expenses of approximately $ 500 million .", "net cash proceeds are expected to be used to reduce outstanding debt ( see note 10 ) .", "the ps&e businesses are included in the corporate and other segment .", "the transaction closed on february 1 , 2017 , resulting in an expected pre-tax gain ranging from $ 85 million to $ 90 million that will ." ]

[ [ "", "2016", "2015", "2014" ], [ "Risk free interest rate", "1.2%", "1.4%", "1.4%" ], [ "Volatility", "20.4%", "21.7%", "21.2%" ], [ "Dividend yield", "1.6%", "1.6%", "1.6%" ], [ "Weighted average expected life (years)", "4.2", "4.2", "4.2" ] ]

[ [ "", "2016", "2015", "2014" ], [ "risk free interest rate", "1.2% ( 1.2 % )", "1.4% ( 1.4 % )", "1.4% ( 1.4 % )" ], [ "volatility", "20.4% ( 20.4 % )", "21.7% ( 21.7 % )", "21.2% ( 21.2 % )" ], [ "dividend yield", "1.6% ( 1.6 % )", "1.6% ( 1.6 % )", "1.6% ( 1.6 % )" ], [ "weighted average expected life ( years )", "4.2", "4.2", "4.2" ] ]

[ { "arg1": "9.35", "arg2": "10.67", "op": "minus2-1", "res": "-1.32" }, { "arg1": "#0", "arg2": "10.67", "op": "divide2-2", "res": "-12.4%" } ]

[ "b .", "investments .", "fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets .", "fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) .", "the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities .", "the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities .", "fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency .", "the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities .", "for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions .", "interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) .", "unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses .", "short-term investments are stated at cost , which approximates market value .", "realized gains or losses on sales of investments are determined on the basis of identified cost .", "for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s .", "treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security .", "for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs .", "when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value .", "retrospective adjustments are employed to recalculate the values of asset-backed securities .", "each acquisition lot is reviewed to recalculate the effective yield .", "the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition .", "outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities .", "conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types .", "other invested assets include limited partnerships and rabbi trusts .", "limited partnerships are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag .", "c .", "uncollectible receivable balances .", "the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances .", "such reserves are presented in the table below for the periods indicated. ." ]

[ "." ]

[ [ "", "Years Ended December 31," ], [ "(Dollars in thousands)", "2014", "2013" ], [ "Reinsurance receivables and premium receivables", "$29,497", "$29,905" ] ]

[ [ "( dollars in thousands )", "years ended december 31 , 2014", "years ended december 31 , 2013" ], [ "reinsurance receivables and premium receivables", "$ 29497", "$ 29905" ] ]

[]

[ "table of contents statutory surplus the table below sets forth statutory surplus for the company 2019s insurance companies as of december 31 , 2012 and 2011: ." ]

[ "statutory capital and surplus for the u.s .", "life insurance subsidiaries , including domestic captive insurance subsidiaries , decreased by $ 978 , primarily due to variable annuity surplus impacts of approximately $ 425 , a $ 200 increase in reserves on a change in valuation basis , $ 200 transfer of the mutual funds business from the u.s .", "life insurance companies to the life holding company , and an increase in the asset valuation reserve of $ 115 .", "as a result of the january 2013 statutory gain from the sale of the retirement plans and individual life businesses , the company's pro forma january 2 , 2013 u.s .", "life statutory surplus was estimated to be $ 8.1 billion , before approximately $ 1.5 billion in extraordinary dividends and return of capital to hfsg holding company .", "statutory capital and surplus for the property and casualty insurance subsidiaries increased by $ 233 , primarily due to statutory net income , after tax , of $ 727 , unrealized gains of $ 249 , and an increase in statutory admitted deferred tax assets of $ 77 , capital contributions of $ 14 , and an increase of statutory admitted assets of $ 7 , partially offset by dividends to the hfsg holding company of $ 841 .", "both net income and dividends are net of interest payments and dividends , respectively , on an intercompany note between hartford holdings , inc .", "and hartford fire insurance company .", "the company also holds regulatory capital and surplus for its operations in japan .", "under the accounting practices and procedures governed by japanese regulatory authorities , the company 2019s statutory capital and surplus was $ 1.1 billion and $ 1.3 billion as of december 31 , 2012 and 2011 , respectively .", "statutory capital the company 2019s stockholders 2019 equity , as prepared using u.s .", "generally accepted accounting principles ( 201cu.s .", "gaap 201d ) was $ 22.4 billion as of december 31 , 2012 .", "the company 2019s estimated aggregate statutory capital and surplus , as prepared in accordance with the national association of insurance commissioners 2019 accounting practices and procedures manual ( 201cu.s .", "stat 201d ) was $ 14.1 billion as of december 31 , 2012 .", "significant differences between u.s .", "gaap stockholders 2019 equity and aggregate statutory capital and surplus prepared in accordance with u.s .", "stat include the following : 2022 u.s .", "stat excludes equity of non-insurance and foreign insurance subsidiaries not held by u.s .", "insurance subsidiaries .", "2022 costs incurred by the company to acquire insurance policies are deferred under u.s .", "gaap while those costs are expensed immediately under u.s .", "2022 temporary differences between the book and tax basis of an asset or liability which are recorded as deferred tax assets are evaluated for recoverability under u.s .", "gaap while those amounts deferred are subject to limitations under u.s .", "stat .", "2022 the assumptions used in the determination of life benefit reserves is prescribed under u.s .", "stat , while the assumptions used under u.s .", "gaap are generally the company 2019s best estimates .", "the methodologies for determining life insurance reserve amounts may also be different .", "for example , reserving for living benefit reserves under u.s .", "stat is generally addressed by the commissioners 2019 annuity reserving valuation methodology and the related actuarial guidelines , while under u.s .", "gaap , those same living benefits may be considered embedded derivatives and recorded at fair value or they may be considered sop 03-1 reserves .", "the sensitivity of these life insurance reserves to changes in equity markets , as applicable , will be different between u.s .", "gaap and u.s .", "stat .", "2022 the difference between the amortized cost and fair value of fixed maturity and other investments , net of tax , is recorded as an increase or decrease to the carrying value of the related asset and to equity under u.s .", "gaap , while u.s .", "stat only records certain securities at fair value , such as equity securities and certain lower rated bonds required by the naic to be recorded at the lower of amortized cost or fair value .", "2022 u.s .", "stat for life insurance companies establishes a formula reserve for realized and unrealized losses due to default and equity risks associated with certain invested assets ( the asset valuation reserve ) , while u.s .", "gaap does not .", "also , for those realized gains and losses caused by changes in interest rates , u.s .", "stat for life insurance companies defers and amortizes the gains and losses , caused by changes in interest rates , into income over the original life to maturity of the asset sold ( the interest maintenance reserve ) while u.s .", "gaap does not .", "2022 goodwill arising from the acquisition of a business is tested for recoverability on an annual basis ( or more frequently , as necessary ) for u.s .", "gaap , while under u.s .", "stat goodwill is amortized over a period not to exceed 10 years and the amount of goodwill is limited. ." ]

[ [ "", "2012", "2011" ], [ "U.S. life insurance subsidiaries, includes domestic captive insurance subsidiaries", "$6,410", "$7,388" ], [ "Property and casualty insurance subsidiaries", "7,645", "7,412" ], [ "Total", "$14,055", "$14,800" ] ]

[ [ "", "2012", "2011" ], [ "u.s . life insurance subsidiaries includes domestic captive insurance subsidiaries", "$ 6410", "$ 7388" ], [ "property and casualty insurance subsidiaries", "7645", "7412" ], [ "total", "$ 14055", "$ 14800" ] ]

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