Datasets:

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MehdiHosseiniMoghadam

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ConvFinQA

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[ "note 9 .", "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 , 2009 are as follows ( in thousands ) : years ending december 31: ." ]

[ "rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , 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 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million .", "litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s .", "infringed on ford design patents .", "the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 .", "pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent .", "we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell .", "the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income .", "we also have certain other 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 .", "note 10 .", "business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired .", "greenleaf is the entity through which ssi operated its late model automotive parts recycling business .", "we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is ." ]

[ [ "2010", "$55,178" ], [ "2011", "45,275" ], [ "2012", "36,841" ], [ "2013", "30,789" ], [ "2014", "22,094" ], [ "Thereafter", "59,263" ], [ "Future Minimum Lease Payments", "$249,440" ] ]

[ [ "2010", "$ 55178" ], [ "2011", "45275" ], [ "2012", "36841" ], [ "2013", "30789" ], [ "2014", "22094" ], [ "thereafter", "59263" ], [ "future minimum lease payments", "$ 249440" ] ]

[ { "arg1": "49.0", "arg2": "26.6", "op": "minus1-1", "res": "22.4" }, { "arg1": "#0", "arg2": "26.6", "op": "divide1-2", "res": "84%" } ]

[ "in accordance with sfas no .", "142 , goodwill and other intangible assets , the goodwill is not amortized , but will be subject to a periodic assessment for impairment by applying a fair-value-based test .", "none of this goodwill is expected to be deductible for tax purposes .", "the company performs its annual test for impairment of goodwill in may of each year .", "the company is required to perform a periodic assessment between annual tests in certain circumstances .", "the company has performed its annual test of goodwill as of may 1 , 2006 and has determined there was no impairment of goodwill during 2006 .", "the company allocated $ 15.8 million of the purchase price to in-process research and development projects .", "in-process research and development ( ipr&d ) represents the valuation of acquired , to-be- completed research projects .", "at the acquisition date , cyvera 2019s ongoing research and development initiatives were primarily involved with the development of its veracode technology and the beadxpress reader .", "these two projects were approximately 50% ( 50 % ) and 25% ( 25 % ) complete at the date of acquisition , respectively .", "as of december 31 , 2006 , these two projects were approximately 90% ( 90 % ) and 80% ( 80 % ) complete , respectively .", "the value assigned to purchased ipr&d was determined by estimating the costs to develop the acquired technology into commercially viable products , estimating the resulting net cash flows from the projects , and discounting the net cash flows to their present value .", "the revenue projections used to value the ipr&d were , in some cases , reduced based on the probability of developing a new technology , and considered the relevant market sizes and growth factors , expected trends in technology , and the nature and expected timing of new product introductions by the company and its competitors .", "the resulting net cash flows from such projects are based on the company 2019s estimates of cost of sales , operating expenses , and income taxes from such projects .", "the rates utilized to discount the net cash flows to their present value were based on estimated cost of capital calculations .", "due to the nature of the forecast and the risks associated with the projected growth and profitability of the developmental projects , discount rates of 30% ( 30 % ) were considered appropriate for the ipr&d .", "the company believes that these discount rates were commensurate with the projects 2019stage of development and the uncertainties in the economic estimates described above .", "if these projects are not successfully developed , the sales and profitability of the combined company may be adversely affected in future periods .", "the company believes that the foregoing assumptions used in the ipr&d analysis were reasonable at the time of the acquisition .", "no assurance can be given , however , that the underlying assumptions used to estimate expected project sales , development costs or profitability , or the events associated with such projects , will transpire as estimated .", "at the date of acquisition , the development of these projects had not yet reached technological feasibility , and the research and development in progress had no alternative future uses .", "accordingly , these costs were charged to expense in the second quarter of 2005 .", "the following unaudited pro forma information shows the results of the company 2019s operations for the years ended january 1 , 2006 and january 2 , 2005 as though the acquisition had occurred as of the beginning of the periods presented ( in thousands , except per share data ) : year ended january 1 , year ended january 2 ." ]

[ "illumina , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "", "Year Ended January 1, 2006", "Year Ended January 2, 2005" ], [ "Revenue", "$73,501", "$50,583" ], [ "Net loss", "(6,234)", "(9,965)" ], [ "Net loss per share, basic and diluted", "(0.15)", "(0.27)" ] ]

[ [ "", "year ended january 1 2006", "year ended january 2 2005" ], [ "revenue", "$ 73501", "$ 50583" ], [ "net loss", "-6234 ( 6234 )", "-9965 ( 9965 )" ], [ "net loss per share basic and diluted", "-0.15 ( 0.15 )", "-0.27 ( 0.27 )" ] ]

[]

[ "the company is currently under audit by the internal revenue service and other major taxing jurisdictions around the world .", "it is thus reasonably possible that significant changes in the gross balance of unrecognized tax benefits may occur within the next 12 months , but the company does not expect such audits to result in amounts that would cause a significant change to its effective tax rate , other than the following items .", "the company is currently at irs appeals for the years 1999 20132002 .", "one of the issues relates to the timing of the inclusion of interchange fees received by the company relating to credit card purchases by its cardholders .", "it is reasonably possible that within the next 12 months the company can either reach agreement on this issue at appeals or decide to litigate the issue .", "this issue is presently being litigated by another company in a united states tax court case .", "the gross uncertain tax position for this item at december 31 , 2008 is $ 542 million .", "since this is a temporary difference , the only effect to the company 2019s effective tax rate would be due to net interest and state tax rate differentials .", "if the reserve were to be released , the tax benefit could be as much as $ 168 million .", "in addition , the company expects to conclude the irs audit of its u.s .", "federal consolidated income tax returns for the years 2003 20132005 within the next 12 months .", "the gross uncertain tax position at december 31 , 2008 for the items expected to be resolved is approximately $ 350 million plus gross interest of $ 70 million .", "the potential net tax benefit to continuing operations could be approximately $ 325 million .", "the following are the major tax jurisdictions in which the company and its affiliates operate and the earliest tax year subject to examination: ." ]

[ "foreign pretax earnings approximated $ 10.3 billion in 2008 , $ 9.1 billion in 2007 , and $ 13.6 billion in 2006 ( $ 5.1 billion , $ 0.7 billion and $ 0.9 billion of which , respectively , are in discontinued operations ) .", "as a u.s .", "corporation , citigroup and its u.s .", "subsidiaries are subject to u.s .", "taxation currently on all foreign pretax earnings earned by a foreign branch .", "pretax earnings of a foreign subsidiary or affiliate are subject to u.s .", "taxation when effectively repatriated .", "the company provides income taxes on the undistributed earnings of non-u.s .", "subsidiaries except to the extent that such earnings are indefinitely invested outside the united states .", "at december 31 , 2008 , $ 22.8 billion of accumulated undistributed earnings of non-u.s .", "subsidiaries were indefinitely invested .", "at the existing u.s .", "federal income tax rate , additional taxes ( net of u.s .", "foreign tax credits ) of $ 6.1 billion would have to be provided if such earnings were remitted currently .", "the current year 2019s effect on the income tax expense from continuing operations is included in the foreign income tax rate differential line in the reconciliation of the federal statutory rate to the company 2019s effective income tax rate on the previous page .", "income taxes are not provided for on the company 2019s savings bank base year bad debt reserves that arose before 1988 because under current u.s .", "tax rules such taxes will become payable only to the extent such amounts are distributed in excess of limits prescribed by federal law .", "at december 31 , 2008 , the amount of the base year reserves totaled approximately $ 358 million ( subject to a tax of $ 125 million ) .", "the company has no valuation allowance on deferred tax assets at december 31 , 2008 and december 31 , 2007 .", "at december 31 , 2008 , the company had a u.s .", "foreign tax-credit carryforward of $ 10.5 billion , $ 0.4 billion whose expiry date is 2016 , $ 5.3 billion whose expiry date is 2017 and $ 4.8 billion whose expiry date is 2018 .", "the company has a u.s federal consolidated net operating loss ( nol ) carryforward of approximately $ 13 billion whose expiration date is 2028 .", "the company also has a general business credit carryforward of $ 0.6 billion whose expiration dates are 2027-2028 .", "the company has state and local net operating loss carryforwards of $ 16.2 billion and $ 4.9 billion in new york state and new york city , respectively .", "this consists of $ 2.4 billion and $ 1.2 billion , whose expiration date is 2027 and $ 13.8 billion and $ 3.7 billion whose expiration date is 2028 and for which the company has recorded a deferred-tax asset of $ 1.2 billion , along with less significant net operating losses in various other states for which the company has recorded a deferred-tax asset of $ 399 million and which expire between 2012 and 2028 .", "in addition , the company has recorded deferred-tax assets in apb 23 subsidiaries for foreign net operating loss carryforwards of $ 130 million ( which expires in 2018 ) and $ 101 million ( with no expiration ) .", "although realization is not assured , the company believes that the realization of the recognized net deferred tax asset of $ 44.5 billion is more likely than not based on expectations as to future taxable income in the jurisdictions in which it operates and available tax planning strategies , as defined in sfas 109 , that could be implemented if necessary to prevent a carryforward from expiring .", "the company 2019s net deferred tax asset ( dta ) of $ 44.5 billion consists of approximately $ 36.5 billion of net u.s .", "federal dtas , $ 4 billion of net state dtas and $ 4 billion of net foreign dtas .", "included in the net federal dta of $ 36.5 billion are deferred tax liabilities of $ 4 billion that will reverse in the relevant carryforward period and may be used to support the dta .", "the major components of the u.s .", "federal dta are $ 10.5 billion in foreign tax-credit carryforwards , $ 4.6 billion in a net-operating-loss carryforward , $ 0.6 billion in a general-business-credit carryforward , $ 19.9 billion in net deductions that have not yet been taken on a tax return , and $ 0.9 billion in compensation deductions , which reduced additional paid-in capital in january 2009 and for which sfas 123 ( r ) did not permit any adjustment to such dta at december 31 , 2008 because the related stock compensation was not yet deductible to the company .", "in general , citigroup would need to generate approximately $ 85 billion of taxable income during the respective carryforward periods to fully realize its federal , state and local dtas. ." ]

[ [ "Jurisdiction", "Tax year" ], [ "United States", "2003" ], [ "Mexico", "2006" ], [ "New York State and City", "2005" ], [ "United Kingdom", "2007" ], [ "Germany", "2000" ], [ "Korea", "2005" ], [ "Japan", "2006" ], [ "Brazil", "2004" ] ]

[ [ "jurisdiction", "tax year" ], [ "united states", "2003" ], [ "mexico", "2006" ], [ "new york state and city", "2005" ], [ "united kingdom", "2007" ], [ "germany", "2000" ], [ "korea", "2005" ], [ "japan", "2006" ], [ "brazil", "2004" ] ]

[]

[ "packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 .", "stock-based compensation ( continued ) as of december 31 , 2006 , there was $ 8330000 of total unrecognized compensation costs related to the restricted stock awards .", "the company expects to recognize the cost of these stock awards over a weighted-average period of 2.5 years .", "5 .", "accrued liabilities the components of accrued liabilities are as follows: ." ]

[ "6 .", "employee benefit plans and other postretirement benefits in connection with the acquisition from pactiv , pca and pactiv entered into a human resources agreement which , among other items , granted pca employees continued participation in the pactiv pension plan for a period of up to five years following the closing of the acquisition for an agreed upon fee .", "effective january 1 , 2003 , pca adopted a mirror-image pension plan for eligible hourly employees to succeed the pactiv pension plan in which pca hourly employees had participated though december 31 , 2002 .", "the pca pension plan for hourly employees recognizes service earned under both the pca plan and the prior pactiv plan .", "benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through december 31 , 2002 .", "all assets and liabilities associated with benefits earned through december 31 , 2002 for hourly employees and retirees of pca were retained by the pactiv plan .", "effective may 1 , 2004 , pca adopted a grandfathered pension plan for certain salaried employees who had previously participated in the pactiv pension plan pursuant to the above mentioned human resource agreement .", "the benefit formula for the new pca pension plan for salaried employees is comparable to that of the pactiv plan except that the pca plan uses career average base pay in the benefit formula in lieu of final average base pay .", "the pca pension plan for salaried employees recognizes service earned under both the pca plan and the prior pactiv plan .", "benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through april 30 , 2004 .", "all assets and liabilities associated with benefits earned through april 30 , 2004 for salaried employees and retirees of pca were retained by the pactiv plan .", "pca maintains a supplemental executive retirement plan ( 201cserp 201d ) , which augments pension benefits for eligible executives ( excluding the ceo ) earned under the pca pension plan for salaried employees .", "benefits are determined using the same formula as the pca pension plan but in addition to counting ." ]

[ [ "", "December 31," ], [ "<i>(In thousands)</i>", "2006", "2005" ], [ "Bonuses and incentives", "$29,822", "$21,895" ], [ "Medical insurance and workers’ compensation", "18,279", "18,339" ], [ "Vacation and holiday pay", "14,742", "14,159" ], [ "Customer volume discounts and rebates", "13,777", "13,232" ], [ "Franchise and property taxes", "8,432", "8,539" ], [ "Payroll and payroll taxes", "5,465", "4,772" ], [ "Other", "9,913", "5,889" ], [ "Total", "$100,430", "$86,825" ] ]

[ [ "( in thousands )", "december 31 , 2006", "december 31 , 2005" ], [ "bonuses and incentives", "$ 29822", "$ 21895" ], [ "medical insurance and workers 2019 compensation", "18279", "18339" ], [ "vacation and holiday pay", "14742", "14159" ], [ "customer volume discounts and rebates", "13777", "13232" ], [ "franchise and property taxes", "8432", "8539" ], [ "payroll and payroll taxes", "5465", "4772" ], [ "other", "9913", "5889" ], [ "total", "$ 100430", "$ 86825" ] ]

[ { "arg1": "29822", "arg2": "21895", "op": "minus1-1", "res": "7927" }, { "arg1": "#0", "arg2": "21895", "op": "divide1-2", "res": "36%" } ]

[ "notes to consolidated financial statements 192 jpmorgan chase & co .", "/ 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit .", "implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator .", "should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln .", "expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders .", "the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation .", "the variability to be considered in the modeling of expected losses is based on the design of the enti- ty .", "the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term .", "under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs .", "in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary .", "from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence .", "instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter .", "as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model .", "specifically , risk ratings and loss given default assumptions are continually updated .", "the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively .", "management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults .", "qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market .", "the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase .", "consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value .", "december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) ." ]

[ "( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation .", "if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) .", "the fair value of the assets is primarily based upon pricing for comparable transactions .", "the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions .", "( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio .", "the firm could fund purchases of assets from vies should it become necessary .", "2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility .", "the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement .", "during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired .", "impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note .", "on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits .", "it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures .", "because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits .", "the structured cdo assets were transferred to the firm at ." ]

[ [ "(in billions, except ratios)", "Reported", "Pro forma^(a)(b)" ], [ "Assets", "$2,175.1", "$2,218.2" ], [ "Liabilities", "2,008.2", "2,051.3" ], [ "Tier 1 capital ratio", "10.9%", "10.9%" ], [ "Tier 1 leverage ratio", "6.9", "6.8" ] ]

[ [ "( in billions except ratios )", "reported", "pro forma ( a ) ( b )" ], [ "assets", "$ 2175.1", "$ 2218.2" ], [ "liabilities", "2008.2", "2051.3" ], [ "tier 1 capital ratio", "10.9% ( 10.9 % )", "10.9% ( 10.9 % )" ], [ "tier 1 leverage ratio", "6.9", "6.8" ] ]

[ { "arg1": "10.9", "arg2": "10.8", "op": "minus2-1", "res": "0.1" }, { "arg1": "#0", "arg2": "const_100", "op": "multiply2-2", "res": "10" } ]

[ "2016 compared with 2015 net gains on investments of $ 57 million in 2016 decreased $ 52 million from 2015 due to lower net gains in 2016 .", "net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment .", "interest and dividend income increased $ 14 million from 2015 primarily due to higher dividend income in 2016 .", "2015 compared with 2014 net gains on investments of $ 109 million in 2015 decreased $ 45 million from 2014 due to lower net gains in 2015 .", "net gains on investments in 2015 included a $ 40 million gain related to the bkca acquisition and a $ 35 million unrealized gain on a private equity investment .", "net gains on investments in 2014 included the positive impact of the monetization of a nonstrategic , opportunistic private equity investment .", "interest expense decreased $ 28 million from 2014 primarily due to repayments of long-term borrowings in the fourth quarter of 2014 .", "income tax expense ." ]

[ "( 1 ) see non-gaap financial measures for further information on and reconciliation of as adjusted items .", "( 2 ) net of net income ( loss ) attributable to nci .", "the company 2019s tax rate is affected by tax rates in foreign jurisdictions and the relative amount of income earned in those jurisdictions , which the company expects to be fairly consistent in the near term .", "the significant foreign jurisdictions that have lower statutory tax rates than the u.s .", "federal statutory rate of 35% ( 35 % ) include the united kingdom , channel islands , ireland and canada .", "u.s .", "income taxes were not provided for certain undistributed foreign earnings intended to be indefinitely reinvested outside the united states .", "2016 .", "income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 30 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 65 million of nonrecurring items , including the resolution of certain outstanding tax matters .", "the as adjusted effective tax rate of 29.6% ( 29.6 % ) for 2016 excluded the net noncash benefit of $ 30 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented .", "2015 .", "income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 54 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 75 million of nonrecurring items , primarily due to the realization of losses from changes in the company 2019s organizational tax structure and the resolution of certain outstanding tax matters .", "the as adjusted effective tax rate of 28.4% ( 28.4 % ) for 2015 excluded the net noncash benefit of $ 54 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented .", "2014 .", "income tax expense ( gaap ) reflected : 2022 a $ 94 million tax benefit , primarily due to the resolution of certain outstanding tax matters related to the acquisition of bgi , including the previously mentioned $ 50 million tax benefit ( see executive summary for more information ) ; 2022 a $ 73 million net tax benefit related to several favorable nonrecurring items ; and 2022 a net noncash benefit of $ 9 million associated with the revaluation of deferred income tax liabilities .", "the as adjusted effective tax rate of 26.6% ( 26.6 % ) for 2014 excluded the $ 9 million net noncash benefit as it will not have a cash flow impact and to ensure comparability among periods presented and the $ 50 million tax benefit mentioned above .", "the $ 50 million general and administrative expense and $ 50 million tax benefit have been excluded from as adjusted results as there is no impact on blackrock 2019s book value .", "balance sheet overview as adjusted balance sheet the following table presents a reconciliation of the consolidated statement of financial condition presented on a gaap basis to the consolidated statement of financial condition , excluding the impact of separate account assets and separate account collateral held under securities lending agreements ( directly related to lending separate account securities ) and separate account liabilities and separate account collateral liabilities under securities lending agreements and consolidated sponsored investment funds , including consolidated vies .", "the company presents the as adjusted balance sheet as additional information to enable investors to exclude certain ." ]

[ [ "", "GAAP", "As adjusted" ], [ "(in millions)", "2016", "2015", "2014", "2016", "2015", "2014" ], [ "Operating income⁽¹⁾", "$4,570", "$4,664", "$4,474", "$4,674", "$4,695", "$4,563" ], [ "Total nonoperating income (expense)^(1),(2)", "(108)", "(69)", "(49)", "(108)", "(70)", "(56)" ], [ "Income before income taxes⁽²⁾", "$4,462", "$4,595", "$4,425", "$4,566", "$4,625", "$4,507" ], [ "Income tax expense", "$1,290", "$1,250", "$1,131", "$1,352", "$1,312", "$1,197" ], [ "Effective tax rate", "28.9%", "27.2%", "25.6%", "29.6%", "28.4%", "26.6%" ] ]

[ [ "( in millions )", "gaap 2016", "gaap 2015", "gaap 2014", "gaap 2016", "gaap 2015", "2014" ], [ "operating income ( 1 )", "$ 4570", "$ 4664", "$ 4474", "$ 4674", "$ 4695", "$ 4563" ], [ "total nonoperating income ( expense ) ( 1 ) ( 2 )", "-108 ( 108 )", "-69 ( 69 )", "-49 ( 49 )", "-108 ( 108 )", "-70 ( 70 )", "-56 ( 56 )" ], [ "income before income taxes ( 2 )", "$ 4462", "$ 4595", "$ 4425", "$ 4566", "$ 4625", "$ 4507" ], [ "income tax expense", "$ 1290", "$ 1250", "$ 1131", "$ 1352", "$ 1312", "$ 1197" ], [ "effective tax rate", "28.9% ( 28.9 % )", "27.2% ( 27.2 % )", "25.6% ( 25.6 % )", "29.6% ( 29.6 % )", "28.4% ( 28.4 % )", "26.6% ( 26.6 % )" ] ]

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[ "dish network corporation notes to consolidated financial statements - continued capital lease obligations anik f3 .", "anik f3 , an fss satellite , was launched and commenced commercial operation during april 2007 .", "this satellite is accounted for as a capital lease and depreciated over the term of the satellite service agreement .", "we have leased 100% ( 100 % ) of the ku-band capacity on anik f3 for a period of 15 years .", "ciel ii .", "ciel ii , a canadian dbs satellite , was launched in december 2008 and commenced commercial operation during february 2009 .", "this satellite is accounted for as a capital lease and depreciated over the term of the satellite service agreement .", "we have leased 100% ( 100 % ) of the capacity on ciel ii for an initial 10 year term .", "as of december 31 , 2014 and 2013 , we had $ 500 million capitalized for the estimated fair value of satellites acquired under capital leases included in 201cproperty and equipment , net , 201d with related accumulated depreciation of $ 279 million and $ 236 million , respectively .", "in our consolidated statements of operations and comprehensive income ( loss ) , we recognized $ 43 million , $ 43 million and $ 43 million in depreciation expense on satellites acquired under capital lease agreements during the years ended december 31 , 2014 , 2013 and 2012 , respectively .", "future minimum lease payments under the capital lease obligations , together with the present value of the net minimum lease payments as of december 31 , 2014 are as follows ( in thousands ) : for the years ended december 31 ." ]

[ "the summary of future maturities of our outstanding long-term debt as of december 31 , 2014 is included in the commitments table in note 16 .", "12 .", "income taxes and accounting for uncertainty in income taxes income taxes our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our consolidated balance sheets , as well as probable operating loss , tax credit and other carryforwards .", "deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized .", "we periodically evaluate our need for a valuation allowance .", "determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events , including the probability of expected future taxable income and available tax planning opportunities .", "we file consolidated tax returns in the u.s .", "the income taxes of domestic and foreign subsidiaries not included in the u.s .", "tax group are presented in our consolidated financial statements based on a separate return basis for each tax paying entity. ." ]

[ [ "2015", "$77,089" ], [ "2016", "76,809" ], [ "2017", "76,007" ], [ "2018", "75,982" ], [ "2019", "50,331" ], [ "Thereafter", "112,000" ], [ "Total minimum lease payments", "468,218" ], [ "Less: Amount representing lease of the orbital location and estimated executory costs (primarily insurance and maintenance) including profit thereon, included in total minimum lease payments", "(220,883)" ], [ "Net minimum lease payments", "247,335" ], [ "Less: Amount representing interest", "(52,421)" ], [ "Present value of net minimum lease payments", "194,914" ], [ "Less: Current portion", "(28,378)" ], [ "Long-term portion of capital lease obligations", "$166,536" ] ]

[ [ "2015", "$ 77089" ], [ "2016", "76809" ], [ "2017", "76007" ], [ "2018", "75982" ], [ "2019", "50331" ], [ "thereafter", "112000" ], [ "total minimum lease payments", "468218" ], [ "less : amount representing lease of the orbital location and estimated executory costs ( primarily insurance and maintenance ) including profit thereon included in total minimum lease payments", "-220883 ( 220883 )" ], [ "net minimum lease payments", "247335" ], [ "less : amount representing interest", "-52421 ( 52421 )" ], [ "present value of net minimum lease payments", "194914" ], [ "less : current portion", "-28378 ( 28378 )" ], [ "long-term portion of capital lease obligations", "$ 166536" ] ]

[]

[ "echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp .", "the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors .", "during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively .", "401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees .", "voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee .", "matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively .", "echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended .", "these contributions may be made in cash or in echostar stock .", "forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions .", "expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively .", "9 .", "commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 ." ]

[ "total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively .", "purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million .", "the majority of these commitments relate to echostar receiver systems and related components .", "all of the purchases related to these commitments are expected to be made during 2003 .", "echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations .", "patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers .", "echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe .", "damages in patent infringement cases can include a tripling of actual damages in certain cases .", "further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to ." ]

[ [ "2003", "$17,274" ], [ "2004", "14,424" ], [ "2005", "11,285" ], [ "2006", "7,698" ], [ "2007", "3,668" ], [ "Thereafter", "1,650" ], [ "Total minimum lease payments", "55,999" ] ]

[ [ "2003", "$ 17274" ], [ "2004", "14424" ], [ "2005", "11285" ], [ "2006", "7698" ], [ "2007", "3668" ], [ "thereafter", "1650" ], [ "total minimum lease payments", "55999" ] ]

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[ "the net decrease in the 2016 effective tax rate was due , in part , to the 2016 asset impairments in the u.s .", "and to the current year benefit related to a restructuring of one of our brazilian businesses that increases tax basis in long-term assets .", "further , the 2015 rate was impacted by the items described below .", "see note 20 2014asset impairment expense for additional information regarding the 2016 u.s .", "asset impairments .", "income tax expense increased $ 101 million , or 27% ( 27 % ) , to $ 472 million in 2015 .", "the company's effective tax rates were 41% ( 41 % ) and 26% ( 26 % ) for the years ended december 31 , 2015 and 2014 , respectively .", "the net increase in the 2015 effective tax rate was due , in part , to the nondeductible 2015 impairment of goodwill at our u.s .", "utility , dp&l and chilean withholding taxes offset by the release of valuation allowance at certain of our businesses in brazil , vietnam and the u.s .", "further , the 2014 rate was impacted by the sale of approximately 45% ( 45 % ) of the company 2019s interest in masin aes pte ltd. , which owns the company 2019s business interests in the philippines and the 2014 sale of the company 2019s interests in four u.k .", "wind operating projects .", "neither of these transactions gave rise to income tax expense .", "see note 15 2014equity for additional information regarding the sale of approximately 45% ( 45 % ) of the company 2019s interest in masin-aes pte ltd .", "see note 23 2014dispositions for additional information regarding the sale of the company 2019s interests in four u.k .", "wind operating projects .", "our effective tax rate reflects the tax effect of significant operations outside the u.s. , which are generally taxed at rates lower than the u.s .", "statutory rate of 35% ( 35 % ) .", "a future proportionate change in the composition of income before income taxes from foreign and domestic tax jurisdictions could impact our periodic effective tax rate .", "the company also benefits from reduced tax rates in certain countries as a result of satisfying specific commitments regarding employment and capital investment .", "see note 21 2014income taxes for additional information regarding these reduced rates .", "foreign currency transaction gains ( losses ) foreign currency transaction gains ( losses ) in millions were as follows: ." ]

[ "total ( 1 ) $ ( 15 ) $ 107 $ 11 _____________________________ ( 1 ) includes gains of $ 17 million , $ 247 million and $ 172 million on foreign currency derivative contracts for the years ended december 31 , 2016 , 2015 and 2014 , respectively .", "the company recognized a net foreign currency transaction loss of $ 15 million for the year ended december 31 , 2016 primarily due to losses of $ 50 million at the aes corporation mainly due to remeasurement losses on intercompany notes , and losses on swaps and options .", "this loss was partially offset by gains of $ 37 million in argentina , mainly due to the favorable impact of foreign currency derivatives related to government receivables .", "the company recognized a net foreign currency transaction gain of $ 107 million for the year ended december 31 , 2015 primarily due to gains of : 2022 $ 124 million in argentina , due to the favorable impact from foreign currency derivatives related to government receivables , partially offset by losses from the devaluation of the argentine peso associated with u.s .", "dollar denominated debt , and losses at termoandes ( a u.s .", "dollar functional currency subsidiary ) primarily associated with cash and accounts receivable balances in local currency , 2022 $ 29 million in colombia , mainly due to the depreciation of the colombian peso , positively impacting chivor ( a u.s .", "dollar functional currency subsidiary ) due to liabilities denominated in colombian pesos , 2022 $ 11 million in the united kingdom , mainly due to the depreciation of the pound sterling , resulting in gains at ballylumford holdings ( a u.s .", "dollar functional currency subsidiary ) associated with intercompany notes payable denominated in pound sterling , and ." ]

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[ "note 3 .", "business combinations purchase combinations .", "during the fiscal years presented , the company made a number of purchase acquisitions .", "for each acquisition , the excess of the purchase price over the estimated value of the net tangible assets acquired was allocated to various intangible assets , consisting primarily of developed technology , customer and contract-related assets and goodwill .", "the values assigned to developed technologies related to each acquisition were based upon future discounted cash flows related to the existing products 2019 projected income streams .", "goodwill , representing the excess of the purchase consideration over the fair value of tangible and identifiable intangible assets acquired in the acquisitions , will not to be amortized .", "goodwill is not deductible for tax purposes .", "the amounts allocated to purchased in-process research and developments were determined through established valuation techniques in the high-technology industry and were expensed upon acquisition because technological feasibility had not been established and no future alternative uses existed .", "the consolidated financial statements include the operating results of each business from the date of acquisition .", "the company does not consider these acquisitions to be material to its results of operations and is therefore not presenting pro forma statements of operations for the fiscal years ended october 31 , 2006 , 2005 and 2004 .", "fiscal 2006 acquisitions sigma-c software ag ( sigma-c ) the company acquired sigma-c on august 16 , 2006 in an all-cash transaction .", "reasons for the acquisition .", "sigma-c provides simulation software that allows semiconductor manufacturers and their suppliers to develop and optimize process sequences for optical lithography , e-beam lithography and next-generation lithography technologies .", "the company believes the acquisition will enable a tighter integration between design and manufacturing tools , allowing the company 2019s customers to perform more accurate design layout analysis with 3d lithography simulation and better understand issues that affect ic wafer yields .", "purchase price .", "the company paid $ 20.5 million in cash for the outstanding shares and shareholder notes of which $ 2.05 million was deposited with an escrow agent and will be paid per the escrow agreement .", "the company believes that the escrow amount will be paid .", "the total purchase consideration consisted of: ." ]

[ "acquisition-related costs of $ 2.1 million consist primarily of legal , tax and accounting fees , estimated facilities closure costs and employee termination costs .", "as of october 31 , 2006 , the company had paid $ 0.9 million of the acquisition-related costs .", "the $ 1.2 million balance remaining at october 31 , 2006 primarily consists of legal , tax and accounting fees , estimated facilities closure costs and employee termination costs .", "assets acquired .", "the company performed a preliminary valuation and allocated the total purchase consideration to assets and liabilities .", "the company acquired $ 6.0 million of intangible assets consisting of $ 3.9 million in existing technology , $ 1.9 million in customer relationships and $ 0.2 million in trade names to be amortized over five years .", "the company also acquired assets of $ 3.9 million and assumed liabilities of $ 5.1 million as result of this transaction .", "goodwill , representing the excess of the purchase price over the ." ]

[ [ "", "(in thousands)" ], [ "Cash paid", "$20,500" ], [ "Acquisition-related costs", "2,053" ], [ "Total purchase price", "$22,553" ] ]

[ [ "", "( in thousands )" ], [ "cash paid", "$ 20500" ], [ "acquisition-related costs", "2053" ], [ "total purchase price", "$ 22553" ] ]

[]

[ "news corporation notes to the consolidated financial statements as of june 30 , 2016 , the company had income tax net operating loss carryforwards ( nols ) ( gross , net of uncertain tax benefits ) , in various jurisdictions as follows : jurisdiction expiration amount ( in millions ) ." ]

[ "utilization of the nols is dependent on generating sufficient taxable income from our operations in each of the respective jurisdictions to which the nols relate , while taking into account limitations and/or restrictions on our ability to use them .", "certain of our u.s .", "federal nols were acquired as part of the acquisitions of move and harlequin and are subject to limitations as promulgated under section 382 of the code .", "section 382 of the code limits the amount of acquired nols that we can use on an annual basis to offset future u.s .", "consolidated taxable income .", "the nols are also subject to review by relevant tax authorities in the jurisdictions to which they relate .", "the company recorded a deferred tax asset of $ 580 million and $ 540 million ( net of approximately $ 53 million and $ 95 million , respectively , of unrecognized tax benefits ) associated with its nols as of june 30 , 2016 and 2015 , respectively .", "significant judgment is applied in assessing our ability to realize our nols and other tax assets .", "management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize existing deferred tax assets within the applicable expiration period .", "on the basis of this evaluation , valuation allowances of $ 97 million and $ 304 million have been established to reduce the deferred tax asset associated with the company 2019s nols to an amount that will more likely than not be realized as of june 30 , 2016 and 2015 , respectively .", "the amount of the nol deferred tax asset considered realizable , however , could be adjusted if estimates of future taxable income during the carryforward period are reduced or if objective negative evidence in the form of cumulative losses occurs .", "as of june 30 , 2016 , the company had approximately $ 1.6 billion and $ 1.7 billion of capital loss carryforwards in australia and the u.k. , respectively , which may be carried forward indefinitely and which are subject to tax authority review .", "realization of our capital losses is dependent on generating capital gain taxable income and satisfying certain continuity of business requirements .", "the company recorded a deferred tax asset of $ 803 million and $ 892 million as of june 30 , 2016 and 2015 , respectively for these capital loss carryforwards , however , it is more likely than not that the company will not generate capital gain income in the normal course of business in these jurisdictions .", "accordingly , valuation allowances of $ 803 million and $ 892 million have been established to reduce the capital loss carryforward deferred tax asset to an amount that will more likely than not be realized as of june 30 , 2016 and 2015 , respectively .", "as of june 30 , 2016 , the company had approximately $ 26 million of u.s .", "federal tax credit carryforward which includes $ 22 million of foreign tax credits and $ 4 million of research & development credits which begin to expire in 2025 and 2036 , respectively .", "as of june 30 , 2016 , the company had approximately $ 5 million of non-u.s .", "tax credit carryforwards which expire in various amounts beginning in 2025 and $ 8 million of state tax credit carryforwards ( net of u.s .", "federal benefit ) , of which the balance can be carried forward indefinitely .", "in accordance with the company 2019s accounting policy , a valuation allowance of $ 5 million has been established to reduce the deferred tax asset associated with the company 2019s non-u.s .", "and state credit carryforwards to an amount that will more likely than not be realized as of june 30 , 2016. ." ]

[ [ "Jurisdiction", "Expiration", "Amount (in millions)" ], [ "U.S. Federal", "2021 to 2036", "$858" ], [ "U.S. States", "Various", "581" ], [ "Australia", "Indefinite", "452" ], [ "U.K.", "Indefinite", "134" ], [ "Other Foreign", "Various", "346" ] ]

[ [ "jurisdiction", "expiration", "amount ( in millions )" ], [ "u.s . federal", "2021 to 2036", "$ 858" ], [ "u.s . states", "various", "581" ], [ "australia", "indefinite", "452" ], [ "u.k .", "indefinite", "134" ], [ "other foreign", "various", "346" ] ]

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[ "entergy texas , inc .", "management's financial discussion and analysis net revenue 2008 compared to 2007 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 2008 to 2007 .", "amount ( in millions ) ." ]

[ "the volume/weather variance is primarily due to decreased usage during the unbilled sales period .", "see \"critical accounting estimates\" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues .", "the reserve equalization variance is primarily due to lower reserve equalization revenue related to changes in the entergy system generation mix compared to the same period in 2007 .", "the securitization transition charge variance is primarily due to the issuance of securitization bonds .", "in june 2007 , entergy gulf states reconstruction funding i , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds .", "see note 5 to the financial statements for additional information regarding the securitization bonds .", "the fuel recovery variance is primarily due to a reserve for potential rate refunds made in the first quarter 2007 as a result of a puct ruling related to the application of past puct rulings addressing transition to competition in texas .", "the other variance is primarily caused by various operational effects of the jurisdictional separation on revenues and fuel and purchased power expenses .", "gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased $ 229.3 million primarily due to the following reasons : an increase of $ 157 million in fuel cost recovery revenues due to higher fuel rates and increased usage , partially offset by interim fuel refunds to customers for fuel cost recovery over-collections through november 2007 .", "the refund was distributed over a two-month period beginning february 2008 .", "the interim refund and the puct approval is discussed in note 2 to the financial statements ; an increase of $ 37.1 million in affiliated wholesale revenue primarily due to increases in the cost of energy ; an increase in transition charge amounts collected from customers to service the securitization bonds as discussed above .", "see note 5 to the financial statements for additional information regarding the securitization bonds ; and implementation of an interim surcharge to collect $ 10.3 million in under-recovered incremental purchased capacity costs incurred through july 2007 .", "the surcharge was collected over a two-month period beginning february 2008 .", "the incremental capacity recovery rider and puct approval is discussed in note 2 to the financial statements. ." ]

[ [ "", "Amount (In Millions)" ], [ "2007 net revenue", "$442.3" ], [ "Volume/weather", "(4.6)" ], [ "Reserve equalization", "(3.3)" ], [ "Securitization transition charge", "9.1" ], [ "Fuel recovery", "7.5" ], [ "Other", "(10.1)" ], [ "2008 net revenue", "$440.9" ] ]

[ [ "", "amount ( in millions )" ], [ "2007 net revenue", "$ 442.3" ], [ "volume/weather", "-4.6 ( 4.6 )" ], [ "reserve equalization", "-3.3 ( 3.3 )" ], [ "securitization transition charge", "9.1" ], [ "fuel recovery", "7.5" ], [ "other", "-10.1 ( 10.1 )" ], [ "2008 net revenue", "$ 440.9" ] ]

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[ "utilized .", "in accordance with sfas no .", "144 , accounting for the impairment or disposal of long-lived assets , a non-cash impairment charge of $ 4.1 million was recorded in the second quarter of fiscal 2008 for the excess machinery .", "this charge is included as a separate line item in the company 2019s consolidated statement of operations .", "there was no change to useful lives and related depreciation expense of the remaining assets as the company believes these estimates are currently reflective of the period the assets will be used in operations .", "7 .", "warranties the company generally provides a one-year warranty on sequencing , genotyping and gene expression systems .", "at the time revenue is recognized , the company establishes an accrual for estimated warranty expenses associated with system sales .", "this expense is recorded as a component of cost of product revenue .", "estimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract .", "changes in the company 2019s reserve for product warranties from january 1 , 2006 through december 28 , 2008 are as follows ( in thousands ) : ." ]

[ "8 .", "convertible senior notes on february 16 , 2007 , the company issued $ 400.0 million principal amount of 0.625% ( 0.625 % ) convertible senior notes due 2014 ( the notes ) , which included the exercise of the initial purchasers 2019 option to purchase up to an additional $ 50.0 million aggregate principal amount of notes .", "the net proceeds from the offering , after deducting the initial purchasers 2019 discount and offering expenses , were $ 390.3 million .", "the company will pay 0.625% ( 0.625 % ) interest per annum on the principal amount of the notes , payable semi-annually in arrears in cash on february 15 and august 15 of each year .", "the company made interest payments of $ 1.3 million and $ 1.2 million on february 15 , 2008 and august 15 , 2008 , respectively .", "the notes mature on february 15 , the notes will be convertible into cash and , if applicable , shares of the company 2019s common stock , $ 0.01 par value per share , based on a conversion rate , subject to adjustment , of 45.8058 shares per $ 1000 principal amount of notes ( which represents a conversion price of $ 21.83 per share ) , only in the following circumstances and to the following extent : ( 1 ) during the five business-day period after any five consecutive trading period ( the measurement period ) in which the trading price per note for each day of such measurement period was less than 97% ( 97 % ) of the product of the last reported sale price of the company 2019s common stock and the conversion rate on each such day ; ( 2 ) during any calendar quarter after the calendar quarter ending march 30 , 2007 , if the last reported sale price of the company 2019s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately illumina , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "Balance as of January 1, 2006", "$751" ], [ "Additions charged to cost of revenue", "1,379" ], [ "Repairs and replacements", "(1,134)" ], [ "Balance as of December 31, 2006", "996" ], [ "Additions charged to cost of revenue", "4,939" ], [ "Repairs and replacements", "(2,219)" ], [ "Balance as of December 30, 2007", "3,716" ], [ "Additions charged to cost of revenue", "13,044" ], [ "Repairs and replacements", "(8,557)" ], [ "Balance as of December 28, 2008", "$8,203" ] ]

[ [ "balance as of january 1 2006", "$ 751" ], [ "additions charged to cost of revenue", "1379" ], [ "repairs and replacements", "-1134 ( 1134 )" ], [ "balance as of december 31 2006", "996" ], [ "additions charged to cost of revenue", "4939" ], [ "repairs and replacements", "-2219 ( 2219 )" ], [ "balance as of december 30 2007", "3716" ], [ "additions charged to cost of revenue", "13044" ], [ "repairs and replacements", "-8557 ( 8557 )" ], [ "balance as of december 28 2008", "$ 8203" ] ]

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[ "abiomed , inc .", "and subsidiaries notes to consolidated financial statements 2014 ( continued ) evidence of an arrangement exists , ( 2 ) delivery has occurred or services have been rendered , ( 3 ) the seller 2019s price to the buyer is fixed or determinable , and ( 4 ) collectibility is reasonably assured .", "further , sab 104 requires that both title and the risks and rewards of ownership be transferred to the buyer before revenue can be recognized .", "in addition to sab 104 , we follow the guidance of eitf 00-21 , revenue arrangements with multiple deliverables .", "we derive our revenues primarily from product sales , including maintenance service agreements .", "the great majority of our product revenues are derived from shipments of our ab5000 and bvs 5000 product lines to fulfill customer orders for a specified number of consoles and/or blood pumps for a specified price .", "we recognize revenues and record costs related to such sales upon product shipment .", "maintenance and service support contract revenues are recognized ratably over the term of the service contracts based upon the elapsed term of the service contract .", "government-sponsored research and development contracts and grants generally provide for payment on a cost-plus-fixed-fee basis .", "revenues from these contracts and grants are recognized as work is performed , provided the government has appropriated sufficient funds for the work .", "under contracts in which the company elects to spend significantly more on the development project during the term of the contract than the total contract amount , the company prospectively recognizes revenue on such contracts ratably over the term of the contract as it incurs related research and development costs , provided the government has appropriated sufficient funds for the work .", "( d ) translation of foreign currencies all assets and liabilities of the company 2019s non-u.s .", "subsidiaries are translated at year-end exchange rates , and revenues and expenses are translated at average exchange rates for the year in accordance with sfas no .", "52 , foreign currency translation .", "resulting translation adjustments are reflected in the accumulated other comprehensive loss component of shareholders 2019 equity .", "currency transaction gains and losses are included in the accompanying statement of income and are not material for the three years presented .", "( e ) warranties the company routinely accrues for estimated future warranty costs on its product sales at the time of sale .", "our products are subject to rigorous regulation and quality standards .", "warranty costs are included in cost of product revenues within the consolidated statements of operations .", "the following table summarizes the activities in the warranty reserve for the two fiscal years ended march 31 , 2006 ( in thousands ) ." ]

[ "." ]

[ [ "", "2005", "2006" ], [ "Balance at the beginning of the year", "$245", "$231" ], [ "Accrual for warranties", "198", "193" ], [ "Warranty expense incurred for the year", "(212)", "(257)" ], [ "Balance at the end of the year", "$231", "$167" ] ]

[ [ "", "2005", "2006" ], [ "balance at the beginning of the year", "$ 245", "$ 231" ], [ "accrual for warranties", "198", "193" ], [ "warranty expense incurred for the year", "-212 ( 212 )", "-257 ( 257 )" ], [ "balance at the end of the year", "$ 231", "$ 167" ] ]

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[ "for the estimates of our oil sands mining reserves has 33 years of experience in petroleum engineering and has conducted surface mineable oil sands evaluations since 1986 .", "he is a member of spe , having served as regional director from 1998 through 2001 and is a registered practicing professional engineer in the province of alberta .", "audits of estimates third-party consultants are engaged to provide independent estimates for fields that comprise 80 percent of our total proved reserves over a rolling four-year period for the purpose of auditing the in-house reserve estimates .", "we met this goal for the four-year period ended december 31 , 2011 .", "we established a tolerance level of 10 percent such that initial estimates by the third-party consultants are accepted if they are within 10 percent of our internal estimates .", "should the third-party consultants 2019 initial analysis fail to reach our tolerance level , both our team and the consultants re-examine the information provided , request additional data and refine their analysis if appropriate .", "this resolution process is continued until both estimates are within 10 percent .", "this process did not result in significant changes to our reserve estimates in 2011 or 2009 .", "there were no third-party audits performed in 2010 .", "during 2011 , netherland , sewell & associates , inc .", "( 201cnsai 201d ) prepared a certification of december 31 , 2010 reserves for the alba field in equatorial guinea .", "the nsai summary report is filed as an exhibit to this annual report on form 10-k .", "the senior members of the nsai team have over 50 years of industry experience between them , having worked for large , international oil and gas companies before joining nsai .", "the team lead has a master of science in mechanical engineering and is a member of spe .", "the senior technical advisor has a bachelor of science degree in geophysics and is a member of the society of exploration geophysicists , the american association of petroleum geologists and the european association of geoscientists and engineers .", "both are licensed in the state of texas .", "ryder scott company ( 201cryder scott 201d ) performed audits of several of our fields in 2011 and 2009 .", "their summary report on audits performed in 2011 is filed as an exhibit to this annual report on form 10-k .", "the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott .", "he has a bachelor of science degree in mechanical engineering , is a member of spe and is a registered professional engineer in the state of texas .", "the corporate reserves group also performs separate , detailed technical reviews of reserve estimates for significant fields that were acquired recently or for properties with other indicators such as excessively short or long lives , performance above or below expectations or changes in economic or operating conditions .", "changes in proved undeveloped reserves as of december 31 , 2011 , 395 mmboe of proved undeveloped reserves were reported , a decrease of 10 mmboe from december 31 , 2010 .", "the following table shows changes in total proved undeveloped reserves for 2011: ." ]

[ "significant additions to proved undeveloped reserves during 2011 include 91 mmboe due to acreage acquisition in the eagle ford shale , 26 mmboe related to anadarko woodford shale development , 10 mmboe for development drilling in the bakken shale play and 8 mmboe for additional drilling in norway .", "additionally , 139 mmboe were transferred from proved undeveloped to proved developed reserves due to startup of the jackpine upgrader expansion in canada .", "costs incurred in 2011 , 2010 and 2009 relating to the development of proved undeveloped reserves , were $ 1107 million , $ 1463 million and $ 792 million .", "projects can remain in proved undeveloped reserves for extended periods in certain situations such as behind-pipe zones where reserves will not be accessed until the primary producing zone depletes , large development projects which take more than five years to complete , and the timing of when additional gas compression is needed .", "of the 395 mmboe of proved undeveloped reserves at year end 2011 , 34 percent of the volume is associated with projects that have been included in proved reserves for more than five years .", "the majority of this volume is related to a compression project in equatorial guinea that was sanctioned by our board of directors in 2004 and is expected to be completed by 2016 .", "performance of this field has exceeded expectations , and estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 .", "production is not expected to experience a natural decline from facility-limited plateau production until 2014 , or possibly 2015 .", "the timing of the installation of compression is being driven by the reservoir performance. ." ]

[ [ "Beginning of year", "405" ], [ "Revisions of previous estimates", "15" ], [ "Improved recovery", "1" ], [ "Purchases of reserves in place", "91" ], [ "Extensions, discoveries, and other additions", "49" ], [ "Transfer to Proved Developed", "(166)" ], [ "End of year", "395" ] ]

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[ "facility continue to have a maturity date of october 2016 .", "in addition , the maturity date of the company's revolving credit facility was extended to october 2018 and the facility was increased to $ 900 million from $ 600 million .", "accordingly , the amended credit agreement consists of the term c-2 loan facility , the term c-3 loan facility and a $ 900 million revolving credit facility .", "net deferred financing costs are as follows : net deferred financing costs ( in $ millions ) ." ]

[ "____________________________ ( 1 ) relates to the issuance of the 4.625% ( 4.625 % ) notes .", "( 2 ) relates to the $ 400 million prepayment of the term c loan facility with proceeds from the 4.625% ( 4.625 % ) notes .", "( 3 ) relates to the september 2013 amendment to the celanese us existing senior secured credit facilities to reduce the interest rates payable in connection with certain borrowings thereby creating the term c-2 loan facility due 2016 .", "( 4 ) includes $ 6 million related to the issuance of the 3.250% ( 3.250 % ) notes and $ 4 million related to the september 24 , 2014 amendment to the celanese us existing senior secured credit facilities .", "( 5 ) includes $ 4 million related to the 6.625% ( 6.625 % ) notes redemption and $ 1 million related to the term c-2 loan facility conversion .", "as of december 31 , 2014 , the margin for borrowings under the term c-2 loan facility was 2.0% ( 2.0 % ) above the euro interbank offered rate ( \"euribor\" ) and the margin for borrowings under the term c-3 loan facility was 2.25% ( 2.25 % ) above libor ( for us dollars ) and 2.25% ( 2.25 % ) above euribor ( for euros ) , as applicable .", "as of december 31 , 2014 , the margin for borrowings under the revolving credit facility was 1.5% ( 1.5 % ) above libor .", "the margin for borrowings under the revolving credit facility is subject to increase or decrease in certain circumstances based on changes in the corporate credit ratings of celanese or celanese us .", "term loan borrowings under the amended credit agreement are subject to amortization at 1% ( 1 % ) of the initial principal amount per annum , payable quarterly .", "in addition , the company pays quarterly commitment fees on the unused portion of the revolving credit facility of 0.25% ( 0.25 % ) per annum .", "the amended credit agreement is guaranteed by celanese and certain domestic subsidiaries of celanese us and is secured by a lien on substantially all assets of celanese us and such guarantors , subject to certain agreed exceptions ( including for certain real property and certain shares of foreign subsidiaries ) , pursuant to the guarantee and collateral agreement , dated april 2 , as a condition to borrowing funds or requesting letters of credit be issued under the revolving credit facility , the company's first lien senior secured leverage ratio ( as calculated as of the last day of the most recent fiscal quarter for which financial statements have been delivered under the revolving facility ) cannot exceed the threshold as specified below .", "further , the company's first lien senior secured leverage ratio must be maintained at or below that threshold while any amounts are outstanding under the revolving credit facility. ." ]

[ [ "", "Net Deferred Financing Costs (In $ millions)" ], [ "As of December 31, 2011", "28" ], [ "Financing costs deferred⁽¹⁾", "8" ], [ "Accelerated amortization due to refinancing activity⁽²⁾", "(1)" ], [ "Amortization", "(5)" ], [ "As of December 31, 2012", "30" ], [ "Financing costs deferred⁽³⁾", "2" ], [ "Accelerated amortization due to refinancing activity", "—" ], [ "Amortization", "(5)" ], [ "As of December 31, 2013", "27" ], [ "Financing costs deferred⁽⁴⁾", "10" ], [ "Accelerated amortization due to refinancing activity⁽⁵⁾", "(5)" ], [ "Amortization", "(5)" ], [ "As of December 31, 2014", "27" ] ]

[ [ "", "net deferred financing costs ( in $ millions )" ], [ "as of december 31 2011", "28" ], [ "financing costs deferred ( 1 )", "8" ], [ "accelerated amortization due to refinancing activity ( 2 )", "-1 ( 1 )" ], [ "amortization", "-5 ( 5 )" ], [ "as of december 31 2012", "30" ], [ "financing costs deferred ( 3 )", "2" ], [ "accelerated amortization due to refinancing activity", "2014" ], [ "amortization", "-5 ( 5 )" ], [ "as of december 31 2013", "27" ], [ "financing costs deferred ( 4 )", "10" ], [ "accelerated amortization due to refinancing activity ( 5 )", "-5 ( 5 )" ], [ "amortization", "-5 ( 5 )" ], [ "as of december 31 2014", "27" ] ]

[]

[ "transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .", "repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 .", "total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 ." ]

[ "1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .", "we repurchased 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 .", "2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .", "3 in february 2015 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2015 share repurchase program 201d ) .", "on february 12 , 2016 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .", "the new authorization is in addition to any amounts remaining for repurchase under the 2015 share repurchase program .", "there is no expiration date associated with the share repurchase programs. ." ]

[ [ "", "Total Number ofShares (or Units)Purchased¹", "Average Price Paidper Share (or Unit)²", "Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs³", "Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs³" ], [ "October 1 - 31", "2,140,511", "$20.54", "2,139,507", "$227,368,014" ], [ "November 1 - 30", "1,126,378", "$22.95", "1,124,601", "$201,557,625" ], [ "December 1 - 31", "1,881,992", "$22.97", "1,872,650", "$158,553,178" ], [ "Total", "5,148,881", "$21.96", "5,136,758", "" ] ]

[ [ "", "total number ofshares ( or units ) purchased1", "average price paidper share ( or unit ) 2", "total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3", "maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs3" ], [ "october 1 - 31", "2140511", "$ 20.54", "2139507", "$ 227368014" ], [ "november 1 - 30", "1126378", "$ 22.95", "1124601", "$ 201557625" ], [ "december 1 - 31", "1881992", "$ 22.97", "1872650", "$ 158553178" ], [ "total", "5148881", "$ 21.96", "5136758", "" ] ]

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[ "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" ] ]

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[ "in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .", "a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .", "in more developed urban locations within these markets , early-stage data network deployments are underway .", "carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .", "in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g and 4g network build outs .", "consumers in these regions are increasingly adopting smartphones and other advanced devices , and , as a result , the usage of bandwidth-intensive mobile applications is growing materially .", "recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .", "smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .", "finally , in markets with more mature network technology , such as germany and france , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage among their customer base .", "with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .", "we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .", "as a result , we expect to be able to leverage our extensive international portfolio of approximately 104470 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .", "we have master lease agreements with certain of our tenants that provide for consistent , long-term revenue and reduce the likelihood of churn .", "our master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced colocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .", "property operations new site revenue growth .", "during the year ended december 31 , 2016 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 45310 sites .", "in a majority of our asia , emea and latin america markets , the revenue generated from newly acquired or constructed sites resulted in increases in both tenant and pass-through revenues ( such as ground rent or power and fuel costs ) and expenses .", "we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. ." ]

[ "property operations expenses .", "direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .", "these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .", "in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our sites and typically increase only modestly year-over-year .", "as a result , leasing additional space to new tenants on our sites provides significant incremental cash flow .", "we may , however , incur additional segment selling , general , administrative and development expenses as we increase our presence in our existing markets or expand into new markets .", "our profit margin growth is therefore positively impacted by the addition of new tenants to our sites but can be temporarily diluted by our development activities. ." ]

[ [ "New Sites (Acquired or Constructed)", "2016", "2015", "2014" ], [ "U.S.", "65", "11,595", "900" ], [ "Asia", "43,865", "2,330", "1,560" ], [ "EMEA", "665", "4,910", "190" ], [ "Latin America", "715", "6,535", "5,800" ] ]

[ [ "new sites ( acquired or constructed )", "2016", "2015", "2014" ], [ "u.s .", "65", "11595", "900" ], [ "asia", "43865", "2330", "1560" ], [ "emea", "665", "4910", "190" ], [ "latin america", "715", "6535", "5800" ] ]

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[ "undistributed earnings of $ 696.9 million from certain foreign subsidiaries are considered to be permanently reinvested abroad and will not be repatriated to the united states in the foreseeable future .", "because those earnings are considered to be indefinitely reinvested , no domestic federal or state deferred income taxes have been provided thereon .", "if we were to make a distribution of any portion of those earnings in the form of dividends or otherwise , we would be subject to both u.s .", "income taxes ( subject to an adjustment for foreign tax credits ) and withholding taxes payable to the various foreign jurisdictions .", "because of the availability of u.s .", "foreign tax credit carryforwards , it is not practicable to determine the domestic federal income tax liability that would be payable if such earnings were no longer considered to be reinvested indefinitely .", "a valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized .", "changes to our valuation allowance during the years ended may 31 , 2015 and 2014 are summarized below ( in thousands ) : ." ]

[ "net operating loss carryforwards of foreign subsidiaries totaling $ 12.4 million and u.s .", "net operating loss carryforwards previously acquired totaling $ 19.8 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2033 if not utilized .", "capital loss carryforwards of u.s .", "subsidiaries totaling $ 4.7 million will expire if not utilized by may 31 , 2017 .", "tax credit carryforwards totaling $ 8.4 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2023 if not utilized .", "we conduct business globally and file income tax returns in the u.s .", "federal jurisdiction and various state and foreign jurisdictions .", "in the normal course of business , we are subject to examination by taxing authorities around the world .", "as a result of events that occurred in the fourth quarter of the year ended may 31 , 2015 , management concluded that it was more likely than not that the tax positions in a foreign jurisdiction , for which we had recorded estimated liabilities of $ 65.6 million in other noncurrent liabilities on our consolidated balance sheet , would be sustained on their technical merits based on information available as of may 31 , 2015 .", "therefore , the liability and corresponding deferred tax assets were eliminated as of may 31 , 2015 .", "the uncertain tax positions have been subject to an ongoing examination in that foreign jurisdiction by the tax authority .", "discussions and correspondence between the tax authority and us during the fourth quarter indicated that the likelihood of the positions being sustained had increased .", "subsequent to may 31 , 2015 , we received a final closure notice regarding the examination resulting in no adjustments to taxable income related to this matter for the tax returns filed for the periods ended may 31 , 2010 through may 31 , 2013 .", "the unrecognized tax benefits were effectively settled with this final closure notice .", "we are no longer subjected to state income tax examinations for years ended on or before may 31 , 2008 , u.s .", "federal income tax examinations for fiscal years prior to 2012 and united kingdom federal income tax examinations for years ended on or before may 31 , 2013 .", "78 2013 global payments inc .", "| 2015 form 10-k annual report ." ]

[ [ "Balance at May 31, 2013", "$(28,464)" ], [ "Utilization of foreign net operating loss carryforwards", "2,822" ], [ "Allowance for foreign tax credit carryforward", "18,061" ], [ "Other", "382" ], [ "Balance at May 31, 2014", "(7,199)" ], [ "Utilization of foreign net operating loss carryforwards", "3,387" ], [ "Other", "(11)" ], [ "Balance at May 31, 2015", "$(3,823)" ] ]

[ [ "balance at may 31 2013", "$ -28464 ( 28464 )" ], [ "utilization of foreign net operating loss carryforwards", "2822" ], [ "allowance for foreign tax credit carryforward", "18061" ], [ "other", "382" ], [ "balance at may 31 2014", "-7199 ( 7199 )" ], [ "utilization of foreign net operating loss carryforwards", "3387" ], [ "other", "-11 ( 11 )" ], [ "balance at may 31 2015", "$ -3823 ( 3823 )" ] ]

[]

[ "item 15 .", "exhibits , financial statement schedules .", "( continued ) kinder morgan , inc .", "form 10-k ." ]

[ "____________ ( a ) as a result of the implementation of asu 2009-17 , effective january 1 , 2010 , we ( i ) include the transactions and balances of our business trust , k n capital trust i and k n capital trust iii , in our consolidated financial statements and ( ii ) no longer include our junior subordinated deferrable interest debentures issued to the capital trusts ( see note 18 201crecent accounting pronouncements 201d ) .", "( b ) kmp issued its $ 500 million in principal amount of 9.00% ( 9.00 % ) senior notes due february 1 , 2019 in december 2008 .", "each holder of the notes has the right to require kmp to repurchase all or a portion of the notes owned by such holder on february 1 , 2012 at a purchase price equal to 100% ( 100 % ) of the principal amount of the notes tendered by the holder plus accrued and unpaid interest to , but excluding , the repurchase date .", "on and after february 1 , 2012 , interest will cease to accrue on the notes tendered for repayment .", "a holder 2019s exercise of the repurchase option is irrevocable .", "kinder morgan kansas , inc .", "the 2028 and 2098 debentures and the 2012 and 2015 senior notes are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements .", "the 2027 debentures are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option after november 1 , 2004 at redemption prices defined in the associated prospectus supplements .", "on september 2 , 2010 , kinder morgan kansas , inc .", "paid the remaining $ 1.1 million principal balance outstanding on kinder morgan kansas , inc . 2019s 6.50% ( 6.50 % ) series debentures , due 2013 .", "kinder morgan finance company , llc on december 20 , 2010 , kinder morgan finance company , llc , a wholly owned subsidiary of kinder morgan kansas , inc. , completed a public offering of senior notes .", "it issued a total of $ 750 million in principal amount of 6.00% ( 6.00 % ) senior notes due january 15 , 2018 .", "net proceeds received from the issuance of the notes , after underwriting discounts and commissions , were $ 744.2 million , which were used to retire the principal amount of the 5.35% ( 5.35 % ) senior notes that matured on january 5 , 2011 .", "the 2011 , 2016 , 2018 and 2036 senior notes issued by kinder morgan finance company , llc are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements .", "each series of these notes is fully and unconditionally guaranteed by kinder morgan kansas , inc .", "on a senior unsecured basis as to principal , interest and any additional amounts required to be paid as a result of any withholding or deduction for canadian taxes .", "capital trust securities kinder morgan kansas , inc . 2019s business trusts , k n capital trust i and k n capital trust iii , are obligated for $ 12.7 million of 8.56% ( 8.56 % ) capital trust securities maturing on april 15 , 2027 and $ 14.4 million of 7.63% ( 7.63 % ) capital trust securities maturing on april 15 , 2028 , respectively , which it guarantees .", "the 2028 securities are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices as defined in the associated prospectus .", "the 2027 securities are redeemable in whole or in part at kinder morgan kansas , inc . 2019s option and at any time in certain limited circumstances upon the occurrence of certain events and at prices , all defined in the associated prospectus supplements .", "upon redemption by kinder morgan kansas , inc .", "or at maturity of the junior subordinated deferrable interest debentures , it must use the proceeds to make redemptions of the capital trust securities on a pro rata basis. ." ]

[ [ "Kinder Morgan Liquids Terminals LLC-N.J. Development Revenue Bonds due January 15, 2018", "25.0", "25.0" ], [ "Kinder Morgan Columbus LLC-5.50% MS Development Revenue note due September 1, 2022", "8.2", "8.2" ], [ "Kinder Morgan Operating L.P. “B”-Jackson-Union Cos. IL Revenue Bonds due April 1, 2024", "23.7", "23.7" ], [ "International Marine Terminals-Plaquemines, LA Revenue Bonds due March 15, 2025", "40.0", "40.0" ], [ "Other miscellaneous subsidiary debt", "1.3", "1.3" ], [ "Unamortized Debt Discount on Long-term Debt", "(20.3)", "(21.2)" ], [ "Current Maturities of Long-term Debt", "(1,263.3)", "(596.6)" ], [ "Total Long-term Debt– KMP", "$10,282.8", "$10,007.5" ] ]

[ [ "kinder morgan liquids terminals llc-n.j . development revenue bonds due january 15 2018 kinder morgan columbus llc-5.50% ( llc-5.50 % ) ms development revenue note due september 1 2022", "25.0 8.2", "25.0 8.2" ], [ "kinder morgan operating l.p . 201cb 201d-jackson-union cos . il revenue bonds due april 1 2024", "23.7", "23.7" ], [ "international marine terminals-plaquemines la revenue bonds due march 15 2025", "40.0", "40.0" ], [ "other miscellaneous subsidiary debt", "1.3", "1.3" ], [ "unamortized debt discount on long-term debt", "-20.3 ( 20.3 )", "-21.2 ( 21.2 )" ], [ "current maturities of long-term debt", "-1263.3 ( 1263.3 )", "-596.6 ( 596.6 )" ], [ "total long-term debt 2013 kmp", "$ 10282.8", "$ 10007.5" ] ]

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[ "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" ] ]

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[ "2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .", "2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .", "we made no further grants under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .", "we will make no future grants under the 2000 plan , the 2005 plan or the director stock option plan .", "the 2011 plan permits grants of equity to employees , officers , directors and consultants .", "a total of 14.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .", "the following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options ( in thousands ) : 2016 2015 2014 ( in thousands ) ." ]

[ "we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .", "restricted stock restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .", "restricted shares cannot be sold or transferred until they have vested .", "restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .", "restricted stock granted during fiscal 2015 and thereafter either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .", "the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .", "performance units certain of our executives have been granted performance units under our long-term incentive plan .", "performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .", "the number of shares is dependent upon the achievement of certain performance measures during the performance period .", "the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .", "performance units are converted only after the compensation committee certifies performance based on pre-established goals .", "the performance units granted to certain executives in fiscal 2014 were based on a one-year performance period .", "after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares .", "the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date .", "the performance units granted to certain executives during fiscal 2015 and fiscal 2016 were based on a three-year performance period .", "after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock .", "the compensation committee may set a range of possible performance-based outcomes for performance units .", "depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares .", "for awards with only performance conditions , we recognize compensation expense on a straight-line basis over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals .", "if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned .", "global payments inc .", "| 2016 form 10-k annual report 2013 83 ." ]

[ [ "", "2016", "2015 (in thousands)", "2014" ], [ "Share-based compensation expense", "$30,809", "$21,056", "$29,793" ], [ "Income tax benefit", "$9,879", "$6,907", "$7,126" ] ]

[ [ "", "2016", "2015 ( in thousands )", "2014" ], [ "share-based compensation expense", "$ 30809", "$ 21056", "$ 29793" ], [ "income tax benefit", "$ 9879", "$ 6907", "$ 7126" ] ]

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[ "visa inc .", "notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) were converted on a one-to-one basis from class eu ( series i , ii , iii ) common stock to class c ( series iii , ii , and iv ) common stock concurrent with the true-up .", "the results of the true-up are reflected in the table below .", "fractional shares resulting from the conversion of the shares of each individual stockholder have been rounded down .", "these fractional shares were paid in cash to stockholders as part of the initial redemption of class b common stock and class c common stock shortly following the ipo .", "outstanding regional classes and series of common stock issued in the reorganization converted classes and series of common stock issued in the true-up number of regional classes and series of common stock issued in the reorganization true-up conversion number of converted classes and series of common stock after the true-up class usa ( 1 ) class b ( 2 ) 426390481 0.93870 400251872 ." ]

[ "( 1 ) the amount of the class usa common stock outstanding prior to the true-up is net of 131592008 shares held by wholly-owned subsidiaries of the company .", "( 2 ) the amount of the class b common stock outstanding subsequent to the true-up is net of 123525418 shares held by wholly-owned subsidiaries of the company .", "also , the company issued 51844393 additional shares of class c ( series ii ) common stock at a price of $ 44 per share in exchange for a subscription receivable from visa europe .", "this issuance and subscription receivable were recorded as offsetting entries in temporary equity on the company 2019s consolidated balance sheet at september 30 , 2008 .", "initial public offering in march 2008 , the company completed its ipo with the issuance of 446600000 shares of class a common stock at a net offering price of $ 42.77 ( the ipo price of $ 44.00 per share of class a common stock , less underwriting discounts and commissions of $ 1.23 per share ) .", "the company received net proceeds of $ 19.1 billion as a result of the ipo. ." ]

[ [ "Outstanding Regional Classes and Seriesof Common Stock Issued inthe Reorganization", "Converted Classes and Series of Common Stock Issued in the True-Up", "Number of Regional Classes and Series of Common Stock Issued in the Reorganization", "True-up Conversion Ratio", "Number of Converted Classes and Series of Common Stock after the True-Up" ], [ "Class USA⁽¹⁾", "Class B⁽²⁾", "426,390,481", "0.93870", "400,251,872" ], [ "Class EU (series I)", "Class C (series III)", "62,213,201", "1.00000", "62,213,201" ], [ "Class EU (series II)", "Class C (series II)", "27,904,464", "1.00000", "27,904,464" ], [ "Class EU (series III)", "Class C (series IV)", "549,587", "1.00000", "549,587" ], [ "Class Canada", "Class C (series I)", "22,034,685", "0.98007", "21,595,528" ], [ "Class AP", "Class C (series I)", "119,100,481", "1.19043", "141,780,635" ], [ "Class LAC", "Class C (series I)", "80,137,915", "1.07110", "85,835,549" ], [ "Class CEMEA", "Class C (series I)", "36,749,698", "0.95101", "34,949,123" ] ]

[ [ "outstanding regional classes and seriesof common stock issued inthe reorganization", "converted classes and series of common stock issued in the true-up", "number of regional classes and series of common stock issued in the reorganization", "true-up conversion ratio", "number of converted classes and series of common stock after the true-up" ], [ "class usa ( 1 )", "class b ( 2 )", "426390481", "0.93870", "400251872" ], [ "class eu ( series i )", "class c ( series iii )", "62213201", "1.00000", "62213201" ], [ "class eu ( series ii )", "class c ( series ii )", "27904464", "1.00000", "27904464" ], [ "class eu ( series iii )", "class c ( series iv )", "549587", "1.00000", "549587" ], [ "class canada", "class c ( series i )", "22034685", "0.98007", "21595528" ], [ "class ap", "class c ( series i )", "119100481", "1.19043", "141780635" ], [ "class lac", "class c ( series i )", "80137915", "1.07110", "85835549" ], [ "class cemea", "class c ( series i )", "36749698", "0.95101", "34949123" ] ]

[]

[ "unit shipments increased 49% ( 49 % ) to 217.4 million units in 2006 , compared to 146.0 million units in 2005 .", "the overall increase was driven by increased unit shipments of products for gsm , cdma and 3g technologies , partially offset by decreased unit shipments of products for iden technology .", "for the full year 2006 , unit shipments by the segment increased in all regions .", "due to the segment 2019s increase in unit shipments outpacing overall growth in the worldwide handset market , which grew approximately 20% ( 20 % ) in 2006 , the segment believes that it expanded its global handset market share to an estimated 22% ( 22 % ) for the full year 2006 .", "in 2006 , asp decreased approximately 11% ( 11 % ) compared to 2005 .", "the overall decrease in asp was driven primarily by changes in the geographic and product-tier mix of sales .", "by comparison , asp decreased approximately 10% ( 10 % ) in 2005 and increased approximately 15% ( 15 % ) in 2004 .", "asp is impacted by numerous factors , including product mix , market conditions and competitive product offerings , and asp trends often vary over time .", "in 2006 , the largest of the segment 2019s end customers ( including sales through distributors ) were china mobile , verizon , sprint nextel , cingular , and t-mobile .", "these five largest customers accounted for approximately 39% ( 39 % ) of the segment 2019s net sales in 2006 .", "besides selling directly to carriers and operators , the segment also sold products through a variety of third-party distributors and retailers , which accounted for approximately 38% ( 38 % ) of the segment 2019s net sales .", "the largest of these distributors was brightstar corporation .", "although the u.s .", "market continued to be the segment 2019s largest individual market , many of our customers , and more than 65% ( 65 % ) of the segment 2019s 2006 net sales , were outside the u.s .", "the largest of these international markets were china , brazil , the united kingdom and mexico .", "home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol ( 201cip 201d ) video and broadcast network interactive set-tops ( 201cdigital entertainment devices 201d ) , end-to- end video delivery solutions , broadband access infrastructure systems , and associated data and voice customer premise equipment ( 201cbroadband gateways 201d ) to cable television and telecom service providers ( collectively , referred to as the 201chome business 201d ) , and ( ii ) wireless access systems ( 201cwireless networks 201d ) , including cellular infrastructure systems and wireless broadband systems , to wireless service providers .", "in 2007 , the segment 2019s net sales represented 27% ( 27 % ) of the company 2019s consolidated net sales , compared to 21% ( 21 % ) in 2006 and 26% ( 26 % ) in 2005 .", "( dollars in millions ) 2007 2006 2005 2007 20142006 2006 20142005 years ended december 31 percent change ." ]

[ "segment results 20142007 compared to 2006 in 2007 , the segment 2019s net sales increased 9% ( 9 % ) to $ 10.0 billion , compared to $ 9.2 billion in 2006 .", "the 9% ( 9 % ) increase in net sales reflects a 27% ( 27 % ) increase in net sales in the home business , partially offset by a 1% ( 1 % ) decrease in net sales of wireless networks .", "net sales of digital entertainment devices increased approximately 43% ( 43 % ) , reflecting increased demand for digital set-tops , including hd/dvr set-tops and ip set-tops , partially offset by a decline in asp due to a product mix shift towards all-digital set-tops .", "unit shipments of digital entertainment devices increased 51% ( 51 % ) to 15.2 million units .", "net sales of broadband gateways increased approximately 6% ( 6 % ) , primarily due to higher net sales of data modems , driven by net sales from the netopia business acquired in february 2007 .", "net sales of wireless networks decreased 1% ( 1 % ) , primarily driven by lower net sales of iden and cdma infrastructure equipment , partially offset by higher net sales of gsm infrastructure equipment , despite competitive pricing pressure .", "on a geographic basis , the 9% ( 9 % ) increase in net sales reflects higher net sales in all geographic regions .", "the increase in net sales in north america was driven primarily by higher sales of digital entertainment devices , partially offset by lower net sales of iden and cdma infrastructure equipment .", "the increase in net sales in asia was primarily due to higher net sales of gsm infrastructure equipment , partially offset by lower net sales of cdma infrastructure equipment .", "the increase in net sales in emea was , primarily due to higher net sales of gsm infrastructure equipment , partially offset by lower demand for iden and cdma infrastructure equipment .", "net sales in north america continue to comprise a significant portion of the segment 2019s business , accounting for 52% ( 52 % ) of the segment 2019s total net sales in 2007 , compared to 56% ( 56 % ) of the segment 2019s total net sales in 2006 .", "60 management 2019s discussion and analysis of financial condition and results of operations ." ]

[ [ "", "<i>Years Ended December 31</i>", "<i>Percent Change</i>" ], [ "<i>(Dollars in millions)</i>", "<i>2007</i>", "<i>2006</i>", "<i>2005</i>", "<i>2007—2006</i>", "<i>2006—2005</i>" ], [ "Segment net sales", "$10,014", "$9,164", "$9,037", "9%", "1%" ], [ "Operating earnings", "709", "787", "1,232", "(10) %", "(36)%" ] ]

[ [ "( dollars in millions )", "years ended december 31 2007", "years ended december 31 2006", "years ended december 31 2005", "years ended december 31 2007 20142006", "2006 20142005" ], [ "segment net sales", "$ 10014", "$ 9164", "$ 9037", "9% ( 9 % )", "1% ( 1 % )" ], [ "operating earnings", "709", "787", "1232", "( 10 ) % ( % )", "( 36 ) % ( % )" ] ]

[ { "arg1": "709", "arg2": "1232", "op": "minus2-1", "res": "-523" }, { "arg1": "#0", "arg2": "1232", "op": "divide2-2", "res": "-42.5%" } ]

[ "entergy arkansas , inc .", "and subsidiaries management 2019s financial discussion and analysis stock restrict the amount of retained earnings available for the payment of cash dividends or other distributions on its common and preferred stock .", "sources of capital entergy arkansas 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt or preferred stock issuances ; and 2022 bank financing under new or existing facilities .", "entergy arkansas may refinance , redeem , or otherwise retire debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable .", "all debt and common and preferred stock issuances by entergy arkansas require prior regulatory approval .", "preferred stock and debt issuances are also subject to issuance tests set forth in entergy arkansas 2019s corporate charters , bond indentures , and other agreements .", "entergy arkansas has sufficient capacity under these tests to meet its foreseeable capital needs .", "entergy arkansas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. ." ]

[ "see note 4 to the financial statements for a description of the money pool .", "entergy arkansas has a credit facility in the amount of $ 150 million scheduled to expire in august 2021 .", "entergy arkansas also has a $ 20 million credit facility scheduled to expire in april 2017 .", "the $ 150 million credit facility allows entergy arkansas to issue letters of credit against 50% ( 50 % ) of the borrowing capacity of the facility .", "as of december 31 , 2016 , there were no cash borrowings and no letters of credit outstanding under the credit facilities .", "in addition , entergy arkansas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso .", "as of december 31 , 2016 , a $ 1 million letter of credit was outstanding under entergy arkansas 2019s uncommitted letter of credit facility .", "see note 4 to the financial statements for additional discussion of the credit facilities .", "the entergy arkansas nuclear fuel company variable interest entity has a credit facility in the amount of $ 80 million scheduled to expire in may 2019 .", "as of december 31 , 2016 , no letters of credit were outstanding under the credit facility to support commercial paper issued by the entergy arkansas nuclear fuel company variable interest entity .", "see note 4 to the financial statements for additional discussion of the nuclear fuel company variable interest entity credit facility .", "entergy arkansas obtained authorizations from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 250 million at any time outstanding and long-term borrowings by its nuclear fuel company variable interest entity .", "see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits .", "the long-term securities issuances of entergy arkansas are limited to amounts authorized by the apsc and the tennessee regulatory authority ; the current authorizations extend through december 2018. ." ]

[ [ "2016", "2015", "2014", "2013" ], [ "(In Thousands)" ], [ "($51,232)", "($52,742)", "$2,218", "$17,531" ] ]

[ [ "2016", "2015", "2014", "2013" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "( $ 51232 )", "( $ 52742 )", "$ 2218", "$ 17531" ] ]

[]

[ "mondavi produces , markets and sells premium , super-premium and fine california wines under the woodbridge by robert mondavi , robert mondavi private selection and robert mondavi winery brand names .", "woodbridge and robert mondavi private selection are the leading premium and super-premium wine brands by volume , respectively , in the united states .", "the acquisition of robert mondavi supports the company 2019s strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the pre- mium , super-premium and fine wine categories .", "the company believes that the acquired robert mondavi brand names have strong brand recognition globally .", "the vast majority of robert mondavi 2019s sales are generated in the united states .", "the company intends to leverage the robert mondavi brands in the united states through its selling , marketing and distribution infrastructure .", "the company also intends to further expand distribution for the robert mondavi brands in europe through its constellation europe infrastructure .", "the company and robert mondavi have complementary busi- nesses that share a common growth orientation and operating philosophy .", "the robert mondavi acquisition provides the company with a greater presence in the fine wine sector within the united states and the ability to capitalize on the broader geographic distribution in strategic international markets .", "the robert mondavi acquisition supports the company 2019s strategy of growth and breadth across categories and geographies , and strengthens its competitive position in its core markets .", "in par- ticular , the company believes there are growth opportunities for premium , super-premium and fine wines in the united kingdom , united states and other wine markets .", "total consid- eration paid in cash to the robert mondavi shareholders was $ 1030.7 million .", "additionally , the company expects to incur direct acquisition costs of $ 11.2 million .", "the purchase price was financed with borrowings under the company 2019s 2004 credit agreement ( as defined in note 9 ) .", "in accordance with the pur- chase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition .", "the purchase price was based primarily on the estimated future operating results of robert mondavi , including the factors described above , as well as an estimated benefit from operating cost synergies .", "the results of operations of the robert mondavi business are reported in the constellation wines segment and have been included in the consolidated statement of income since the acquisition date .", "the following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the robert mondavi acquisition at the date of acquisition .", "the company is in the process of obtaining third-party valuations of certain assets and liabilities , and refining its restructuring plan which is under development and will be finalized during the company 2019s year ending february 28 , 2006 ( see note19 ) .", "accordingly , the allocation of the purchase price is subject to refinement .", "estimated fair values at december 22 , 2004 , are as follows : {in thousands} ." ]

[ "the trademarks are not subject to amortization .", "none of the goodwill is expected to be deductible for tax purposes .", "in connection with the robert mondavi acquisition and robert mondavi 2019s previously disclosed intention to sell certain of its winery properties and related assets , and other vineyard prop- erties , the company has classified certain assets as held for sale as of february 28 , 2005 .", "the company expects to sell these assets during the year ended february 28 , 2006 , for net pro- ceeds of approximately $ 150 million to $ 175 million .", "no gain or loss is expected to be recognized upon the sale of these assets .", "hardy acquisition 2013 on march 27 , 2003 , the company acquired control of brl hardy limited , now known as hardy wine company limited ( 201chardy 201d ) , and on april 9 , 2003 , the company completed its acquisition of all of hardy 2019s outstanding capital stock .", "as a result of the acquisition of hardy , the company also acquired the remaining 50% ( 50 % ) ownership of pacific wine partners llc ( 201cpwp 201d ) , the joint venture the company established with hardy in july 2001 .", "the acquisition of hardy along with the remaining interest in pwp is referred to together as the 201chardy acquisition . 201d through this acquisition , the company acquired one of australia 2019s largest wine producers with interests in winer- ies and vineyards in most of australia 2019s major wine regions as well as new zealand and the united states and hardy 2019s market- ing and sales operations in the united kingdom .", "total consideration paid in cash and class a common stock to the hardy shareholders was $ 1137.4 million .", "additionally , the company recorded direct acquisition costs of $ 17.2 million .", "the acquisition date for accounting purposes is march 27 , 2003 .", "the company has recorded a $ 1.6 million reduction in the purchase price to reflect imputed interest between the accounting acquisition date and the final payment of consider- ation .", "this charge is included as interest expense in the consolidated statement of income for the year ended february 29 , 2004 .", "the cash portion of the purchase price paid to the hardy shareholders and optionholders ( $ 1060.2 mil- lion ) was financed with $ 660.2 million of borrowings under the company 2019s then existing credit agreement and $ 400.0 million ." ]

[ [ "Current assets", "$494,788" ], [ "Property, plant and equipment", "452,902" ], [ "Other assets", "178,823" ], [ "Trademarks", "186,000" ], [ "Goodwill", "590,459" ], [ "Total assets acquired", "1,902,972" ], [ "Current liabilities", "309,051" ], [ "Long-term liabilities", "552,060" ], [ "Total liabilities acquired", "861,111" ], [ "Net assets acquired", "$1,041,861" ] ]

[ [ "current assets", "$ 494788" ], [ "property plant and equipment", "452902" ], [ "other assets", "178823" ], [ "trademarks", "186000" ], [ "goodwill", "590459" ], [ "total assets acquired", "1902972" ], [ "current liabilities", "309051" ], [ "long-term liabilities", "552060" ], [ "total liabilities acquired", "861111" ], [ "net assets acquired", "$ 1041861" ] ]

[]

[ "table of contents capital deployment program will be subject to market and economic conditions , applicable legal requirements and other relevant factors .", "our capital deployment program does not obligate us to continue a dividend for any fixed period , and payment of dividends may be suspended at any time at our discretion .", "stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .", "the following stock performance graph compares our cumulative total stockholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2015 .", "the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .", "the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. ." ]

[ "purchases of equity securities by the issuer and affiliated purchasers since july 2014 , our board of directors has approved several share repurchase programs aggregating $ 7.0 billion of authority of which , as of december 31 , 2015 , $ 2.4 billion remained unused under repurchase programs ." ]

[ [ "", "12/9/2013", "12/31/2013", "12/31/2014", "12/31/2015" ], [ "American Airlines Group Inc.", "$100", "$103", "$219", "$175" ], [ "Amex Airline Index", "100", "102", "152", "127" ], [ "S&P 500", "100", "102", "114", "113" ] ]

[ [ "", "12/9/2013", "12/31/2013", "12/31/2014", "12/31/2015" ], [ "american airlines group inc .", "$ 100", "$ 103", "$ 219", "$ 175" ], [ "amex airline index", "100", "102", "152", "127" ], [ "s&p 500", "100", "102", "114", "113" ] ]

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[ "operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 .", "for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged .", "the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 .", "the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services .", "operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 .", "operating profit declines in civil and intelligence partially were offset by growth in defense .", "the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 .", "the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 .", "the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems .", "the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense .", "backlog decreased in 2009 compared to 2008 due to u.s .", "government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders .", "this decline more than offset increased orders on enterprise civilian services programs at civil .", "we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 .", "this decline primarily is due to completion of most of the work associated with the dris 2010 program .", "operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years .", "space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle .", "government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) .", "strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program .", "space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s .", "government ( united space alliance , or usa ) .", "the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time .", "space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 ." ]

[ "net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 .", "sales declined in all three lines of business during the year .", "the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program .", "there were no commercial launches in 2010 compared to one commercial launch in 2009 .", "strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs .", "the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities .", "there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 .", "net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 .", "during the year , sales growth at satellites and space transportation offset a decline in s&dms .", "the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities .", "there was one commercial satellite delivery in 2009 and two deliveries in 2008 .", "the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program .", "there was one commercial launch in both 2009 and 2008 .", "s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. ." ]

[ [ "<i>(In millions)</i>", "2010", "2009", "<i>2008</i>" ], [ "Net sales", "$8,246", "$8,654", "$8,027" ], [ "Operating profit", "972", "972", "953" ], [ "Operating margin", "11.8%", "11.2%", "11.9%" ], [ "Backlog at year-end", "17,800", "16,800", "17,900" ] ]

[ [ "( in millions )", "2010", "2009", "2008" ], [ "net sales", "$ 8246", "$ 8654", "$ 8027" ], [ "operating profit", "972", "972", "953" ], [ "operating margin", "11.8% ( 11.8 % )", "11.2% ( 11.2 % )", "11.9% ( 11.9 % )" ], [ "backlog at year-end", "17800", "16800", "17900" ] ]

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[ "notes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : ." ]

[ "the company 2019s major tax jurisdictions as of september 30 , 2011 are the united states , california , iowa , singapore and canada .", "for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes .", "for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes .", "for singapore , the company has open tax years dating back to fiscal year 2011 .", "for canada , the company has open tax years dating back to fiscal year 2004 .", "during the year ended september 30 , 2011 , the company did not recognize any significant amount of previously unrecognized tax benefits related to the expiration of the statute of limitations .", "the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense .", "the company recognized $ 0.5 million of accrued interest or penalties related to unrecognized tax benefits during fiscal year 2011 .", "11 .", "stockholders 2019 equity common stock at september 30 , 2011 , the company is authorized to issue 525000000 shares of common stock , par value $ 0.25 per share of which 195407396 shares are issued and 186386197 shares outstanding .", "holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose .", "dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside .", "in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock .", "each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name .", "no holder of common stock is entitled to cumulate votes in voting for directors .", "the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or sell .", "on august 3 , 2010 , the board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200.0 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements .", "during the fiscal year ended september 30 , 2011 , the company paid approximately $ 70.0 million ( including commissions ) in connection with the repurchase of 2768045 shares of its common stock ( paying an average price of $ 25.30 per share ) .", "as of september 30 , 2011 , $ 130.0 million remained available under the existing share repurchase program .", "page 110 skyworks / annual report 2011 ." ]

[ [ "Balance at October 1, 2010", "$19,900" ], [ "Increases based on positions related to prior years", "935" ], [ "Increases based on positions related to current year", "11,334" ], [ "Decreases relating to settlements with taxing authorities", "—" ], [ "Decreases relating to lapses of applicable statutes of limitations", "(33)" ], [ "Balance at September 30, 2011", "$32,136" ] ]

[ [ "balance at october 1 2010", "$ 19900" ], [ "increases based on positions related to prior years", "935" ], [ "increases based on positions related to current year", "11334" ], [ "decreases relating to settlements with taxing authorities", "2014" ], [ "decreases relating to lapses of applicable statutes of limitations", "-33 ( 33 )" ], [ "balance at september 30 2011", "$ 32136" ] ]

[]

[ "notes to consolidated financial statements 192 jpmorgan chase & co .", "/ 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit .", "implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator .", "should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln .", "expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders .", "the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation .", "the variability to be considered in the modeling of expected losses is based on the design of the enti- ty .", "the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term .", "under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs .", "in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary .", "from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence .", "instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter .", "as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model .", "specifically , risk ratings and loss given default assumptions are continually updated .", "the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively .", "management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults .", "qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market .", "the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase .", "consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value .", "december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) ." ]

[ "( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation .", "if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) .", "the fair value of the assets is primarily based upon pricing for comparable transactions .", "the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions .", "( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio .", "the firm could fund purchases of assets from vies should it become necessary .", "2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility .", "the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement .", "during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired .", "impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note .", "on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits .", "it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures .", "because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits .", "the structured cdo assets were transferred to the firm at ." ]

[ [ "(in billions, except ratios)", "Reported", "Pro forma^(a)(b)" ], [ "Assets", "$2,175.1", "$2,218.2" ], [ "Liabilities", "2,008.2", "2,051.3" ], [ "Tier 1 capital ratio", "10.9%", "10.9%" ], [ "Tier 1 leverage ratio", "6.9", "6.8" ] ]

[ [ "( in billions except ratios )", "reported", "pro forma ( a ) ( b )" ], [ "assets", "$ 2175.1", "$ 2218.2" ], [ "liabilities", "2008.2", "2051.3" ], [ "tier 1 capital ratio", "10.9% ( 10.9 % )", "10.9% ( 10.9 % )" ], [ "tier 1 leverage ratio", "6.9", "6.8" ] ]

[]

[ "table of contents ( 4 ) the decline in cash flows was driven by the timing of inventory purchases at the end of 2014 versus 2013 .", "in order to manage our working capital and operating cash needs , we monitor our cash conversion cycle , defined as days of sales outstanding in accounts receivable plus days of supply in inventory minus days of purchases outstanding in accounts payable , based on a rolling three-month average .", "components of our cash conversion cycle are as follows: ." ]

[ "( 1 ) represents the rolling three-month average of the balance of trade accounts receivable , net at the end of the period divided by average daily net sales for the same three-month period .", "also incorporates components of other miscellaneous receivables .", "( 2 ) represents the rolling three-month average of the balance of merchandise inventory at the end of the period divided by average daily cost of goods sold for the same three-month period .", "( 3 ) represents the rolling three-month average of the combined balance of accounts payable-trade , excluding cash overdrafts , and accounts payable-inventory financing at the end of the period divided by average daily cost of goods sold for the same three-month period .", "the cash conversion cycle remained at 21 days at december 31 , 2015 and december 31 , 2014 .", "the increase in dso was primarily driven by a higher accounts receivable balance at december 31 , 2015 driven by higher public segment sales where customers generally take longer to pay than customers in our corporate segment , slower government payments in certain states due to budget issues and an increase in net sales and related accounts receivable for third-party services such as software assurance and warranties .", "these services have an unfavorable impact on dso as the receivable is recognized on the balance sheet on a gross basis while the corresponding sales amount in the statement of operations is recorded on a net basis .", "these services have a favorable impact on dpo as the payable is recognized on the balance sheet without a corresponding cost of sale in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales .", "in addition to the impact of these services on dpo , dpo also increased due to the mix of payables with certain vendors that have longer payment terms .", "the cash conversion cycle decreased to 21 days at december 31 , 2014 compared to 23 days at december 31 , 2013 , primarily driven by improvement in dso .", "the decline in dso was primarily driven by improved collections and early payments from certain customers .", "additionally , the timing of inventory receipts at the end of 2014 had a favorable impact on dio and an unfavorable impact on dpo .", "investing activities net cash used in investing activities increased $ 189.6 million in 2015 compared to 2014 .", "the increase was primarily due to the completion of the acquisition of kelway by purchasing the remaining 65% ( 65 % ) of its outstanding common stock on august 1 , 2015 .", "additionally , capital expenditures increased $ 35.1 million to $ 90.1 million from $ 55.0 million for 2015 and 2014 , respectively , primarily for our new office location and an increase in spending related to improvements to our information technology systems .", "net cash used in investing activities increased $ 117.7 million in 2014 compared to 2013 .", "we paid $ 86.8 million in the fourth quarter of 2014 to acquire a 35% ( 35 % ) non-controlling interest in kelway .", "additionally , capital expenditures increased $ 7.9 million to $ 55.0 million from $ 47.1 million in 2014 and 2013 , respectively , primarily for improvements to our information technology systems during both years .", "financing activities net cash used in financing activities increased $ 114.5 million in 2015 compared to 2014 .", "the increase was primarily driven by share repurchases during the year ended december 31 , 2015 which resulted in an increase in cash used for financing activities of $ 241.3 million .", "for more information on our share repurchase program , see item 5 , 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . 201d the increase was partially offset by the changes in accounts payable-inventory financing , which resulted in an increase in cash provided for financing activities of $ 20.4 million , and the net impact of our debt transactions which resulted in cash outflows of $ 7.1 million and $ 145.9 million during the years ." ]

[ [ "", "December 31," ], [ "(in days)", "2015", "2014", "2013" ], [ "Days of sales outstanding (DSO)⁽¹⁾", "48", "42", "44" ], [ "Days of supply in inventory (DIO)⁽²⁾", "13", "13", "14" ], [ "Days of purchases outstanding (DPO)⁽³⁾", "(40)", "(34)", "(35)" ], [ "Cash conversion cycle", "21", "21", "23" ] ]

[ [ "( in days )", "december 31 , 2015", "december 31 , 2014", "december 31 , 2013" ], [ "days of sales outstanding ( dso ) ( 1 )", "48", "42", "44" ], [ "days of supply in inventory ( dio ) ( 2 )", "13", "13", "14" ], [ "days of purchases outstanding ( dpo ) ( 3 )", "-40 ( 40 )", "-34 ( 34 )", "-35 ( 35 )" ], [ "cash conversion cycle", "21", "21", "23" ] ]

[]

[ "visa inc .", "notes to consolidated financial statements 2014 ( continued ) september 30 , 2016 note 16 2014share-based compensation 2007 equity incentive compensation plan the company 2019s 2007 equity incentive compensation plan , or the eip , authorizes the compensation committee of the board of directors to grant non-qualified stock options ( 201coptions 201d ) , restricted stock awards ( 201crsas 201d ) , restricted stock units ( 201crsus 201d ) and performance-based shares to its employees and non-employee directors , for up to 236 million shares of class a common stock .", "shares available for award may be either authorized and unissued or previously issued shares subsequently acquired by the company .", "the eip will continue to be in effect until all of the common stock available under the eip is delivered and all restrictions on those shares have lapsed , unless the eip is terminated earlier by the company 2019s board of directors .", "in january 2016 , the company 2019s board of directors approved an amendment of the eip effective february 3 , 2016 , such that awards may be granted under the plan until january 31 , 2022 .", "share-based compensation cost is recorded net of estimated forfeitures on a straight-line basis for awards with service conditions only , and on a graded-vesting basis for awards with service , performance and market conditions .", "the company 2019s estimated forfeiture rate is based on an evaluation of historical , actual and trended forfeiture data .", "for fiscal 2016 , 2015 and 2014 , the company recorded share-based compensation cost related to the eip of $ 211 million , $ 184 million and $ 172 million , respectively , in personnel on its consolidated statements of operations .", "the related tax benefits were $ 62 million , $ 54 million and $ 51 million for fiscal 2016 , 2015 and 2014 , respectively .", "the amount of capitalized share-based compensation cost was immaterial during fiscal 2016 , 2015 and all per share amounts and number of shares outstanding presented below reflect the four-for-one stock split that was effected in the second quarter of fiscal 2015 .", "see note 14 2014stockholders 2019 equity .", "options options issued under the eip expire 10 years from the date of grant and primarily vest ratably over 3 years from the date of grant , subject to earlier vesting in full under certain conditions .", "during fiscal 2016 , 2015 and 2014 , the fair value of each stock option was estimated on the date of grant using a black-scholes option pricing model with the following weighted-average assumptions: ." ]

[ "( 1 ) this assumption is based on the company 2019s historical option exercises and those of a set of peer companies that management believes is generally comparable to visa .", "the company 2019s data is weighted based on the number of years between the measurement date and visa 2019s initial public offering as a percentage of the options 2019 contractual term .", "the relative weighting placed on visa 2019s data and peer data in fiscal 2016 was approximately 77% ( 77 % ) and 23% ( 23 % ) , respectively , 67% ( 67 % ) and 33% ( 33 % ) in fiscal 2015 , respectively , and 58% ( 58 % ) and 42% ( 42 % ) in fiscal 2014 , respectively. ." ]

[ [ "", "2016", "2015", "2014" ], [ "Expected term (in years)⁽¹⁾", "4.35", "4.55", "4.80" ], [ "Risk-free rate of return⁽²⁾", "1.5%", "1.5%", "1.3%" ], [ "Expected volatility⁽³⁾", "21.7%", "22.0%", "25.2%" ], [ "Expected dividend yield⁽⁴⁾", "0.7%", "0.8%", "0.8%" ], [ "Fair value per option granted", "$15.01", "$12.04", "$11.03" ] ]

[ [ "", "2016", "2015", "2014" ], [ "expected term ( in years ) ( 1 )", "4.35", "4.55", "4.80" ], [ "risk-free rate of return ( 2 )", "1.5% ( 1.5 % )", "1.5% ( 1.5 % )", "1.3% ( 1.3 % )" ], [ "expected volatility ( 3 )", "21.7% ( 21.7 % )", "22.0% ( 22.0 % )", "25.2% ( 25.2 % )" ], [ "expected dividend yield ( 4 )", "0.7% ( 0.7 % )", "0.8% ( 0.8 % )", "0.8% ( 0.8 % )" ], [ "fair value per option granted", "$ 15.01", "$ 12.04", "$ 11.03" ] ]

[]

[ "has decreased during the period from 2002 to 2004 , principally due to the increase in earned premium and due to cost containment measures undertaken by management .", "in business insurance and personal lines , the expense ratio is expected to decrease further in 2005 , largely as a result of expected increases in earned premium .", "in specialty commercial , the expense ratio is expected to increase slightly in 2005 due to changes in the business mix , most notably the company 2019s decision in the fourth quarter of 2004 to exit the multi-peril crop insurance program which will eliminate significant expense reimbursements from the specialty commercial segment .", "policyholder dividend ratio : the policyholder dividend ratio is the ratio of policyholder dividends to earned premium .", "combined ratio : the combined ratio is the sum of the loss and loss adjustment expense ratio , the expense ratio and the policyholder dividend ratio .", "this ratio is a relative measurement that describes the related cost of losses and expense for every $ 100 of earned premiums .", "a combined ratio below 100.0 demonstrates underwriting profit ; a combined ratio above 100.0 demonstrates underwriting losses .", "the combined ratio has decreased from 2003 to 2004 primarily because of improvement in the expense ratio .", "the combined ratio in 2005 could be significantly higher or lower than the 2004 combined ratio depending on the level of catastrophe losses , but will also be impacted by changes in pricing and an expected moderation in favorable loss cost trends .", "catastrophe ratio : the catastrophe ratio ( a component of the loss and loss adjustment expense ratio ) represents the ratio of catastrophe losses ( net of reinsurance ) to earned premiums .", "a catastrophe is an event that causes $ 25 or more in industry insured property losses and affects a significant number of property and casualty policyholders and insurers .", "by their nature , catastrophe losses vary dramatically from year to year .", "based on the mix and geographic dispersion of premium written and estimates derived from various catastrophe loss models , the company 2019s expected catastrophe ratio over the long-term is 3.0 points .", "before considering the reduction in ongoing operation 2019s catastrophe reserves related to september 11 of $ 298 in 2004 , the catastrophe ratio in 2004 was 5.3 points .", "see 201crisk management strategy 201d below for a discussion of the company 2019s property catastrophe risk management program that serves to mitigate the company 2019s net exposure to catastrophe losses .", "combined ratio before catastrophes and prior accident year development : the combined ratio before catastrophes and prior accident year development represents the combined ratio for the current accident year , excluding the impact of catastrophes .", "the company believes this ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year reserve development .", "before considering catastrophes , the combined ratio related to current accident year business has improved from 2002 to 2004 principally due to earned pricing increases and favorable claim frequency .", "other operations underwriting results : the other operations segment is responsible for managing operations of the hartford that have discontinued writing new or renewal business as well as managing the claims related to asbestos and environmental exposures .", "as such , neither earned premiums nor underwriting ratios are meaningful financial measures .", "instead , management believes that underwriting result is a more meaningful measure .", "the net underwriting loss for 2002 through 2004 is primarily due to prior accident year loss development , including $ 2.6 billion of net asbestos reserve strengthening in 2003 .", "reserve estimates within other operations , including estimates for asbestos and environmental claims , are inherently uncertain .", "refer to the other operations segment md&a for further discussion of other operation's underwriting results .", "total property & casualty investment earnings ." ]

[ "the investment return , or yield , on property & casualty 2019s invested assets is an important element of the company 2019s earnings since insurance products are priced with the assumption that premiums received can be invested for a period of time before loss and loss adjustment expenses are paid .", "for longer tail lines , such as workers 2019 compensation and general liability , claims are paid over several years and , therefore , the premiums received for these lines of business can generate significant investment income .", "him determines the appropriate allocation of investments by asset class and measures the investment yield performance for each asset class against market indices or other benchmarks .", "due to the emphasis on preservation of capital and the need to maintain sufficient liquidity to satisfy claim obligations , the vast majority of property and casualty 2019s invested assets have been held in fixed maturities , including , among other asset classes , corporate bonds , municipal bonds , government debt , short-term debt , mortgage- ." ]

[ [ "", "2004", "2003", "2002" ], [ "Investment yield, after-tax", "4.1%", "4.2%", "4.5%" ], [ "Net realized capital gains (losses), after-tax", "$87", "$165", "$(44)" ] ]

[ [ "", "2004", "2003", "2002" ], [ "investment yield after-tax", "4.1% ( 4.1 % )", "4.2% ( 4.2 % )", "4.5% ( 4.5 % )" ], [ "net realized capital gains ( losses ) after-tax", "$ 87", "$ 165", "$ -44 ( 44 )" ] ]

[ { "arg1": "87", "arg2": "165", "op": "add1-1", "res": "252" }, { "arg1": "#0", "arg2": "44", "op": "minus1-2", "res": "208" } ]

[ "purchased scrap metal from third-parties ) that were either divested or permanently closed in december 2014 ( see global rolled products below ) .", "intersegment sales for this segment improved 12% ( 12 % ) in 2014 compared with 2013 , principally due to an increase in average realized price , driven by higher regional premiums , and higher demand from the midstream and downstream businesses .", "atoi for the primary metals segment decreased $ 439 in 2015 compared with 2014 , primarily caused by both the previously mentioned lower average realized aluminum price and lower energy sales , higher energy costs ( mostly in spain as the 2014 interruptibility rights were more favorable than the 2015 structure ) , and an unfavorable impact related to the curtailment of the s e3o lu eds smelter .", "these negative impacts were somewhat offset by net favorable foreign currency movements due to a stronger u.s .", "dollar against most major currencies , net productivity improvements , the absence of a write-off of inventory related to the permanent closure of the portovesme , point henry , and massena east smelters ( $ 44 ) , and a lower equity loss related to the joint venture in saudi arabia , including the absence of restart costs for one of the potlines that was previously shut down due to a period of instability .", "atoi for this segment climbed $ 614 in 2014 compared with 2013 , principally related to a higher average realized aluminum price ; the previously mentioned energy sales in brazil ; net productivity improvements ; net favorable foreign currency movements due to a stronger u.s .", "dollar against all major currencies ; lower costs for carbon and alumina ; and the absence of costs related to a planned maintenance outage in 2013 at a power plant in australia .", "these positive impacts were slightly offset by an unfavorable impact associated with the 2013 and 2014 capacity reductions described above , including a write-off of inventory related to the permanent closure of the portovesme , point henry , and massena east smelters ( $ 44 ) , and higher energy costs ( particularly in spain ) , labor , and maintenance .", "in 2016 , aluminum production will be approximately 450 kmt lower and third-party sales will reflect the absence of approximately $ 400 both as a result of the 2015 curtailment and closure actions .", "also , energy sales in brazil will be negatively impacted by a decline in energy prices , while net productivity improvements are anticipated .", "global rolled products ." ]

[ "* generally , average realized price per metric ton of aluminum includes two elements : a ) the price of metal ( the underlying base metal component plus a regional premium 2013 see the footnote to the table in primary metals above for a description of these two components ) , and b ) the conversion price , which represents the incremental price over the metal price component that is associated with converting primary aluminum into sheet and plate .", "in this circumstance , the metal price component is a pass- through to this segment 2019s customers with limited exception ( e.g. , fixed-priced contracts , certain regional premiums ) .", "this segment represents alcoa 2019s midstream operations and produces aluminum sheet and plate for a variety of end markets .", "approximately one-half of the third-party shipments in this segment consist of sheet sold directly to customers in the packaging end market for the production of aluminum cans ( beverage , food , and pet food ) .", "seasonal increases in can sheet sales are generally experienced in the second and third quarters of the year .", "this segment also includes sheet and plate sold directly to customers and through distributors related to the aerospace , automotive , commercial transportation , building and construction , and industrial products ( mainly used in the production of machinery and equipment and consumer durables ) end markets .", "a small portion of this segment also produces aseptic foil for the packaging end market .", "while the customer base for flat-rolled products is large , a significant amount of sales of sheet and plate is to a relatively small number of customers .", "in this circumstance , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .", "dollar , the euro , the russian ruble , the brazilian real , and the british pound. ." ]

[ [ "", "2015", "2014", "2013" ], [ "Third-party aluminum shipments (kmt)", "1,775", "1,964", "1,905" ], [ "Alcoa’s average realized price per metric ton of aluminum*", "$3,514", "$3,743", "$3,730" ], [ "Third-party sales", "$6,238", "$7,351", "$7,106" ], [ "Intersegment sales", "125", "185", "178" ], [ "Total sales", "$6,363", "$7,536", "$7,284" ], [ "ATOI", "$244", "$245", "$292" ] ]

[ [ "", "2015", "2014", "2013" ], [ "third-party aluminum shipments ( kmt )", "1775", "1964", "1905" ], [ "alcoa 2019s average realized price per metric ton of aluminum*", "$ 3514", "$ 3743", "$ 3730" ], [ "third-party sales", "$ 6238", "$ 7351", "$ 7106" ], [ "intersegment sales", "125", "185", "178" ], [ "total sales", "$ 6363", "$ 7536", "$ 7284" ], [ "atoi", "$ 244", "$ 245", "$ 292" ] ]

[]

[ "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": "186", "arg2": "const_1000", "op": "multiply2-1", "res": "186000" }, { "arg1": "#0", "arg2": "63.10", "op": "multiply2-2", "res": "11736600.00" } ]

[ "liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries .", "stress testing and scenario analyses are intended to quantify the potential impact of a liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized .", "these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and political and economic conditions in certain countries .", "these conditions include expected and stressed market conditions as well as company- specific events .", "liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons ( overnight , one week , two weeks , one month , three months , one year ) and over a variety of stressed conditions .", "liquidity limits are set accordingly .", "to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily .", "given the range of potential stresses , citi maintains a series of contingency funding plans on a consolidated basis and for individual entities .", "these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses .", "short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal measures that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s .", "lcr rules .", "generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario .", "the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days .", "banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows .", "the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 .", "in december 2016 , the federal reserve board adopted final rules which require additional disclosures relating to the lcr of large financial institutions , including citi .", "among other things , the final rules require citi to disclose components of its average hqla , lcr and inflows and outflows each quarter .", "in addition , the final rules require disclosure of citi 2019s calculation of the maturity mismatch add-on as well as other qualitative disclosures .", "the effective date for these disclosures is april 1 , 2017 .", "the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec .", "31 , sept .", "30 , dec .", "31 ." ]

[ "note : amounts set forth in the table above are presented on an average basis .", "as set forth in the table above , citi 2019s lcr increased both year-over-year and sequentially .", "the increase year-over-year was driven by both an increase in hqla and a reduction in net outflows .", "sequentially , the increase was driven by a slight reduction in net outflows , as hqla remained largely unchanged .", "long-term liquidity measurement : net stable funding ratio ( nsfr ) in the second quarter of 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement .", "the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules .", "in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level .", "a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments .", "standardized weightings would be required to be applied to the various asset and liabilities classes .", "the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) .", "while citi believes that it is compliant with the proposed u.s .", "nsfr rules as of december 31 , 2016 , it will need to evaluate any final version of the rules , which are expected to be released during 2017 .", "the proposed rules would require full implementation of the u.s .", "nsfr beginning january 1 , 2018. ." ]

[ [ "In billions of dollars", "Dec. 31, 2016", "Sept. 30, 2016", "Dec. 31, 2015" ], [ "HQLA", "$403.7", "$403.8", "$389.2" ], [ "Net outflows", "332.5", "335.3", "344.4" ], [ "LCR", "121%", "120%", "113%" ], [ "HQLA in excess of net outflows", "$71.3", "$68.5", "$44.8" ] ]

[ [ "in billions of dollars", "dec . 31 2016", "sept . 30 2016", "dec . 31 2015" ], [ "hqla", "$ 403.7", "$ 403.8", "$ 389.2" ], [ "net outflows", "332.5", "335.3", "344.4" ], [ "lcr", "121% ( 121 % )", "120% ( 120 % )", "113% ( 113 % )" ], [ "hqla in excess of net outflows", "$ 71.3", "$ 68.5", "$ 44.8" ] ]

[ { "arg1": "121", "arg2": "113", "op": "minus1-1", "res": "8" }, { "arg1": "#0", "arg2": "113", "op": "divide1-2", "res": "7.1%" } ]

[ "entergy texas , inc .", "and subsidiaries management 2019s financial discussion and analysis in addition to the contractual obligations given above , entergy texas expects to contribute approximately $ 17 million to its qualified pension plans and approximately $ 3.2 million to other postretirement health care and life insurance plans in 2017 , although the 2017 required pension contributions will be known with more certainty when the january 1 , 2017 valuations are completed , which is expected by april 1 , 2017 .", "see 201ccritical accounting estimates - qualified pension and other postretirement benefits 201d below for a discussion of qualified pension and other postretirement benefits funding .", "also in addition to the contractual obligations , entergy texas has $ 15.6 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions .", "see note 3 to the financial statements for additional information regarding unrecognized tax benefits .", "in addition to routine capital spending to maintain operations , the planned capital investment estimate for entergy texas includes specific investments such as the montgomery county power station discussed below ; transmission projects to enhance reliability , reduce congestion , and enable economic growth ; distribution spending to enhance reliability and improve service to customers , including initial investment to support advanced metering ; system improvements ; and other investments .", "estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints and requirements , environmental compliance , business opportunities , market volatility , economic trends , business restructuring , changes in project plans , and the ability to access capital .", "management provides more information on long-term debt in note 5 to the financial statements .", "as discussed above in 201ccapital structure , 201d entergy texas routinely evaluates its ability to pay dividends to entergy corporation from its earnings .", "sources of capital entergy texas 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt or preferred stock issuances ; and 2022 bank financing under new or existing facilities .", "entergy texas may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .", "all debt and common and preferred stock issuances by entergy texas require prior regulatory approval .", "debt issuances are also subject to issuance tests set forth in its bond indenture and other agreements .", "entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs .", "entergy texas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. ." ]

[ "see note 4 to the financial statements for a description of the money pool .", "entergy texas has a credit facility in the amount of $ 150 million scheduled to expire in august 2021 .", "the credit facility allows entergy texas to issue letters of credit against 50% ( 50 % ) of the borrowing capacity of the facility .", "as of december 31 , 2016 , there were no cash borrowings and $ 4.7 million of letters of credit outstanding under the credit facility .", "in addition , entergy texas is a party to an uncommitted letter of credit facility as a means to post collateral ." ]

[ [ "2016", "2015", "2014", "2013" ], [ "(In Thousands)" ], [ "$681", "($22,068)", "$306", "$6,287" ] ]

[ [ "2016", "2015", "2014", "2013" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 681", "( $ 22068 )", "$ 306", "$ 6287" ] ]

[]

[ "development of prior year incurred losses was $ 135.6 million unfavorable in 2006 , $ 26.4 million favorable in 2005 and $ 249.4 million unfavorable in 2004 .", "such losses were the result of the reserve development noted above , as well as inher- ent uncertainty in establishing loss and lae reserves .", "reserves for asbestos and environmental losses and loss adjustment expenses as of year end 2006 , 7.4% ( 7.4 % ) of reserves reflect an estimate for the company 2019s ultimate liability for a&e claims for which ulti- mate value cannot be estimated using traditional reserving techniques .", "the company 2019s a&e liabilities stem from mt .", "mckinley 2019s direct insurance business and everest re 2019s assumed reinsurance business .", "there are significant uncertainties in estimating the amount of the company 2019s potential losses from a&e claims .", "see item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014asbestos and environmental exposures 201d and note 3 of notes to consolidated financial statements .", "mt .", "mckinley 2019s book of direct a&e exposed insurance is relatively small and homogenous .", "it also arises from a limited period , effective 1978 to 1984 .", "the book is based principally on excess liability policies , thereby limiting exposure analysis to a lim- ited number of policies and forms .", "as a result of this focused structure , the company believes that it is able to comprehen- sively analyze its exposures , allowing it to identify , analyze and actively monitor those claims which have unusual exposure , including policies in which it may be exposed to pay expenses in addition to policy limits or non-products asbestos claims .", "the company endeavors to be actively engaged with every insured account posing significant potential asbestos exposure to mt .", "mckinley .", "such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements .", "sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments .", "the company 2019s mt .", "mckinley operation is currently managing eight sip agreements , three of which were executed prior to the acquisition of mt .", "mckinley in 2000 .", "the company 2019s preference with respect to coverage settlements is to exe- cute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty .", "the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active .", "those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity .", "the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders , including those that may not have reported significant a&e losses .", "everest re 2019s book of assumed reinsurance is relatively concentrated within a modest number of a&e exposed relationships .", "it also arises from a limited period , effectively 1977 to 1984 .", "because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities .", "the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies .", "this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies .", "as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention .", "however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers .", "this furnished information is not always timely or accurate and can impact the accuracy and timeli- ness of the company 2019s ultimate loss projections .", "the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the years ended december 31: ." ]

[ "( 1 ) additional reserves are case specific reserves determined by the company to be needed over and above those reported by the ceding company .", "81790fin_a 4/13/07 11:08 am page 15 ." ]

[ [ "(Dollars in millions)", "2006", "2005", "2004" ], [ "Case reserves reported by ceding companies", "$135.6", "$125.2", "$148.5" ], [ "Additional case reserves established by the Company (assumed reinsurance) (1)", "152.1", "157.6", "151.3" ], [ "Case reserves established by the Company (direct insurance)", "213.7", "243.5", "272.1" ], [ "Incurred but not reported reserves", "148.7", "123.3", "156.4" ], [ "Gross reserves", "650.1", "649.6", "728.3" ], [ "Reinsurance receivable", "(138.7)", "(199.1)", "(221.6)" ], [ "Net reserves", "$511.4", "$450.5", "$506.7" ] ]

[ [ "( dollars in millions )", "2006", "2005", "2004" ], [ "case reserves reported by ceding companies", "$ 135.6", "$ 125.2", "$ 148.5" ], [ "additional case reserves established by the company ( assumed reinsurance ) ( 1 )", "152.1", "157.6", "151.3" ], [ "case reserves established by the company ( direct insurance )", "213.7", "243.5", "272.1" ], [ "incurred but not reported reserves", "148.7", "123.3", "156.4" ], [ "gross reserves", "650.1", "649.6", "728.3" ], [ "reinsurance receivable", "-138.7 ( 138.7 )", "-199.1 ( 199.1 )", "-221.6 ( 221.6 )" ], [ "net reserves", "$ 511.4", "$ 450.5", "$ 506.7" ] ]

[ { "arg1": "511.4", "arg2": "450.5", "op": "minus1-1", "res": "60.9" }, { "arg1": "#0", "arg2": "450.5", "op": "divide1-2", "res": "13.5%" } ]

[ "advance auto parts , inc .", "and subsidiaries notes to the consolidated financial statements december 31 , 2011 , january 1 , 2011 and january 2 , 2010 ( in thousands , except per share data ) 2011-12 superseded certain pending paragraphs in asu 2011-05 201ccomprehensive income 2013 presentation of comprehensive income 201d to effectively defer only those changes in asu 2011-05 that related to the presentation of reclassification adjustments out of accumulated other comprehensive income .", "the adoption of asu 2011-05 is not expected to have a material impact on the company 2019s consolidated financial condition , results of operations or cash flows .", "in january 2010 , the fasb issued asu no .", "2010-06 201cfair value measurements and disclosures 2013 improving disclosures about fair value measurements . 201d asu 2010-06 requires new disclosures for significant transfers in and out of level 1 and 2 of the fair value hierarchy and the activity within level 3 of the fair value hierarchy .", "the updated guidance also clarifies existing disclosures regarding the level of disaggregation of assets or liabilities and the valuation techniques and inputs used to measure fair value .", "the updated guidance is effective for interim and annual reporting periods beginning after december 15 , 2009 , with the exception of the new level 3 activity disclosures , which are effective for interim and annual reporting periods beginning after december 15 , 2010 .", "the adoption of asu 2010-06 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .", "3 .", "inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at december 31 , 2011 and january 1 , 2011 .", "under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2011 and prior years .", "as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .", "the company recorded a reduction to cost of sales of $ 29554 and $ 16040 for fiscal 2010 and 2009 , respectively .", "prior to fiscal 2011 , the company 2019s overall costs to acquire inventory for the same or similar products generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .", "product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( \"fifo\" ) method .", "product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .", "because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .", "inventory overhead costs purchasing and warehousing costs included in inventory , at fifo , at december 31 , 2011 and january 1 , 2011 , were $ 126840 and $ 103989 , respectively .", "inventory balance and inventory reserves inventory balances at year-end for fiscal 2011 and 2010 were as follows : inventories at fifo , net adjustments to state inventories at lifo inventories at lifo , net december 31 , $ 1941055 102103 $ 2043158 january 1 , $ 1737059 126811 $ 1863870 ." ]

[ "advance auto parts , inc .", "and subsidiaries notes to the consolidated financial statements december 31 , 2011 , january 1 , 2011 and january 2 , 2010 ( in thousands , except per share data ) 2011-12 superseded certain pending paragraphs in asu 2011-05 201ccomprehensive income 2013 presentation of comprehensive income 201d to effectively defer only those changes in asu 2011-05 that related to the presentation of reclassification adjustments out of accumulated other comprehensive income .", "the adoption of asu 2011-05 is not expected to have a material impact on the company 2019s consolidated financial condition , results of operations or cash flows .", "in january 2010 , the fasb issued asu no .", "2010-06 201cfair value measurements and disclosures 2013 improving disclosures about fair value measurements . 201d asu 2010-06 requires new disclosures for significant transfers in and out of level 1 and 2 of the fair value hierarchy and the activity within level 3 of the fair value hierarchy .", "the updated guidance also clarifies existing disclosures regarding the level of disaggregation of assets or liabilities and the valuation techniques and inputs used to measure fair value .", "the updated guidance is effective for interim and annual reporting periods beginning after december 15 , 2009 , with the exception of the new level 3 activity disclosures , which are effective for interim and annual reporting periods beginning after december 15 , 2010 .", "the adoption of asu 2010-06 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .", "3 .", "inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at december 31 , 2011 and january 1 , 2011 .", "under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2011 and prior years .", "as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .", "the company recorded a reduction to cost of sales of $ 29554 and $ 16040 for fiscal 2010 and 2009 , respectively .", "prior to fiscal 2011 , the company 2019s overall costs to acquire inventory for the same or similar products generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .", "product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( \"fifo\" ) method .", "product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .", "because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .", "inventory overhead costs purchasing and warehousing costs included in inventory , at fifo , at december 31 , 2011 and january 1 , 2011 , were $ 126840 and $ 103989 , respectively .", "inventory balance and inventory reserves inventory balances at year-end for fiscal 2011 and 2010 were as follows : inventories at fifo , net adjustments to state inventories at lifo inventories at lifo , net december 31 , $ 1941055 102103 $ 2043158 january 1 , $ 1737059 126811 $ 1863870 ." ]

[ [ "", "December 31,2011", "January 1,2011" ], [ "Inventories at FIFO, net", "$1,941,055", "$1,737,059" ], [ "Adjustments to state inventories at LIFO", "102,103", "126,811" ], [ "Inventories at LIFO, net", "$2,043,158", "$1,863,870" ] ]

[ [ "", "december 312011", "january 12011" ], [ "inventories at fifo net", "$ 1941055", "$ 1737059" ], [ "adjustments to state inventories at lifo", "102103", "126811" ], [ "inventories at lifo net", "$ 2043158", "$ 1863870" ] ]

[ { "arg1": "2043158", "arg2": "1863870", "op": "minus2-1", "res": "179288" }, { "arg1": "#0", "arg2": "1863870", "op": "divide2-2", "res": "9.6%" } ]

[ "hollyfrontier corporation notes to consolidated financial statements continued ." ]

[ "transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements .", "we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract .", "for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period .", "in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration .", "we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract .", "we believe the disputes and claims made by the supplier are without merit .", "in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) .", "calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters .", "we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 .", "we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material .", "note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business .", "accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment .", "our prior period segment information has been retrospectively adjusted to reflect our current segment presentation .", "our operations are organized into three reportable segments , refining , lubricants and specialty products and hep .", "our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other .", "intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations .", "corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column .", "the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) .", "refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel .", "these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states .", "hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. ." ]

[ [ "", "(In thousands)" ], [ "2018", "$148,716" ], [ "2019", "132,547" ], [ "2020", "119,639" ], [ "2021", "107,400" ], [ "2022", "102,884" ], [ "Thereafter", "857,454" ], [ "Total", "$1,468,640" ] ]

[ [ "", "( in thousands )" ], [ "2018", "$ 148716" ], [ "2019", "132547" ], [ "2020", "119639" ], [ "2021", "107400" ], [ "2022", "102884" ], [ "thereafter", "857454" ], [ "total", "$ 1468640" ] ]

[]

[ "is expected to begin by late-2018 , after the necessary information technology infrastructure is in place .", "entergy louisiana proposed to recover the cost of ami through the implementation of a customer charge , net of certain benefits , phased in over the period 2019 through 2022 .", "the parties reached an uncontested stipulation permitting implementation of entergy louisiana 2019s proposed ami system , with modifications to the proposed customer charge .", "in july 2017 the lpsc approved the stipulation .", "entergy louisiana expects to recover the undepreciated balance of its existing meters through a regulatory asset at current depreciation rates .", "sources of capital entergy louisiana 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt or preferred membership interest issuances ; and 2022 bank financing under new or existing facilities .", "entergy louisiana may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest rates are favorable .", "all debt and common and preferred membership interest issuances by entergy louisiana require prior regulatory approval .", "preferred membership interest and debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .", "entergy louisiana has sufficient capacity under these tests to meet its foreseeable capital needs .", "entergy louisiana 2019s receivables from the money pool were as follows as of december 31 for each of the following years. ." ]

[ "see note 4 to the financial statements for a description of the money pool .", "entergy louisiana has a credit facility in the amount of $ 350 million scheduled to expire in august 2022 .", "the credit facility allows entergy louisiana to issue letters of credit against $ 15 million of the borrowing capacity of the facility .", "as of december 31 , 2017 , there were no cash borrowings and a $ 9.1 million letter of credit outstanding under the credit facility .", "in addition , entergy louisiana is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . a0 as of december 31 , 2017 , a $ 29.7 million letter of credit was outstanding under entergy louisiana 2019s uncommitted letter of credit a0facility .", "see note 4 to the financial statements for additional discussion of the credit facilities .", "the entergy louisiana nuclear fuel company variable interest entities have two separate credit facilities , one in the amount of $ 105 million and one in the amount of $ 85 million , both scheduled to expire in may 2019 .", "as of december 31 , 2017 , $ 65.7 million of loans were outstanding under the credit facility for the entergy louisiana river bend nuclear fuel company variable interest entity .", "as of december 31 , 2017 , $ 43.5 million in letters of credit to support a like amount of commercial paper issued and $ 36.4 million in loans were outstanding under the entergy louisiana waterford nuclear fuel company variable interest entity credit facility .", "see note 4 to the financial statements for additional discussion of the nuclear fuel company variable interest entity credit facilities .", "entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis ." ]

[ [ "2017", "2016", "2015", "2014" ], [ "(In Thousands)" ], [ "$11,173", "$22,503", "$6,154", "$2,815" ] ]

[ [ "2017", "2016", "2015", "2014" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 11173", "$ 22503", "$ 6154", "$ 2815" ] ]

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[ "except for long-term debt , the carrying amounts of the company 2019s other financial instruments are measured at fair value or approximate fair value due to the short-term nature of these instruments .", "asset retirement obligations 2014the company records all known asset retirement obligations within other current liabilities for which the liability 2019s fair value can be reasonably estimated , including certain asbestos removal , asset decommissioning and contractual lease restoration obligations .", "the changes in the asset retirement obligation carrying amounts during 2011 , 2010 and 2009 were as follows : ( $ in millions ) retirement obligations ." ]

[ "the company also has known conditional asset retirement obligations related to assets currently in use , such as certain asbestos remediation and asset decommissioning activities to be performed in the future , that were not reasonably estimable as of december 31 , 2011 and 2010 , due to insufficient information about the timing and method of settlement of the obligation .", "accordingly , the fair value of these obligations has not been recorded in the consolidated financial statements .", "environmental remediation and/or asset decommissioning of the relevant facilities may be required when the company ceases to utilize these facilities .", "in addition , there may be conditional environmental asset retirement obligations that the company has not yet discovered .", "income taxes 2014income tax expense and other income tax related information contained in the financial statements for periods before the spin-off are presented as if the company filed its own tax returns on a stand-alone basis , while similar information for periods after the spin-off reflect the company 2019s positions to be filed in its own tax returns in the future .", "income tax expense and other related information are based on the prevailing statutory rates for u.s .", "federal income taxes and the composite state income tax rate for the company for each period presented .", "state and local income and franchise tax provisions are allocable to contracts in process and , accordingly , are included in general and administrative expenses .", "deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax return purposes .", "deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect .", "determinations of the expected realizability of deferred tax assets and the need for any valuation allowances against these deferred tax assets were evaluated based upon the stand-alone tax attributes of the company , and an $ 18 million valuation allowance was deemed necessary as of december 31 , 2011 .", "no valuation allowance was deemed necessary as of december 31 , 2010 .", "uncertain tax positions meeting the more-likely-than-not recognition threshold , based on the merits of the position , are recognized in the financial statements .", "we recognize the amount of tax benefit that is greater than 50% ( 50 % ) likely to be realized upon ultimate settlement with the related tax authority .", "if a tax position does not meet the minimum statutory threshold to avoid payment of penalties , we recognize an expense for the amount of the penalty in the period the tax position is claimed or expected to be claimed in our tax return .", "penalties , if probable and reasonably estimable , are recognized as a component of income tax expense .", "we also recognize accrued interest related to uncertain tax positions in income tax expense .", "the timing and amount of accrued interest is determined by the applicable tax law associated with an underpayment of income taxes .", "see note 12 : income taxes .", "under existing gaap , changes in accruals associated with uncertainties are recorded in earnings in the period they are determined. ." ]

[ [ "($ in millions)", "Asset Retirement Obligations" ], [ "Balance at January 1, 2009", "$3" ], [ "Accretion expense", "0" ], [ "Payment of asset retirement obligation", "0" ], [ "Balance at December 31, 2009", "3" ], [ "Obligation relating to the future retirement of a facility", "17" ], [ "Accretion expense", "0" ], [ "Payment of asset retirement obligation", "0" ], [ "Balance at December 31, 2010", "20" ], [ "Obligation relating to the future retirement of a facility", "5" ], [ "Accretion expense", "0" ], [ "Payment of asset retirement obligation", "0" ], [ "Balance at December 31, 2011", "$25" ] ]

[ [ "( $ in millions )", "asset retirement obligations" ], [ "balance at january 1 2009", "$ 3" ], [ "accretion expense", "0" ], [ "payment of asset retirement obligation", "0" ], [ "balance at december 31 2009", "3" ], [ "obligation relating to the future retirement of a facility", "17" ], [ "accretion expense", "0" ], [ "payment of asset retirement obligation", "0" ], [ "balance at december 31 2010", "20" ], [ "obligation relating to the future retirement of a facility", "5" ], [ "accretion expense", "0" ], [ "payment of asset retirement obligation", "0" ], [ "balance at december 31 2011", "$ 25" ] ]

[ { "arg1": "0", "arg2": "0", "op": "add2-1", "res": "0" }, { "arg1": "#0", "arg2": "#0", "op": "add2-2", "res": "0" }, { "arg1": "25", "arg2": "3", "op": "minus2-3", "res": "22" }, { "arg1": "#1", "arg2": "#2", "op": "divide2-4", "res": "0%" } ]

[ "loan commitments ( unfunded loans and unused lines of credit ) , asset purchase agreements , standby letters of credit and letters of credit are issued to accommodate the financing needs of state street 2019s clients and to provide credit enhancements to special purpose entities .", "loan commitments are agreements by state street to lend monies at a future date .", "asset purchase agreements are commitments to purchase receivables or securities , subject to conditions established in the agreements , and at december 31 , 2001 , include $ 8.0 billion outstanding to special purpose entities .", "standby letters of credit and letters of credit commit state street to make payments on behalf of clients and special purpose entities when certain specified events occur .", "standby letters of credit outstanding to special purpose entities were $ 608 million at december 31 , 2001 .", "these loan , asset purchase and letter of credit commitments are subject to the same credit policies and reviews as loans .", "the amount and nature of collateral are obtained based upon management 2019s assessment of the credit risk .", "approximately 89% ( 89 % ) of the loan commitments and asset purchase agreements expire within one year from the date of issue .", "sincemany of the commitments are expected to expire or renewwithout being drawn , the total commitment amounts do not necessarily represent future cash requirements .", "the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31: ." ]

[ "state street corporation 53 ." ]

[ [ "(Dollars in millions)", "2001", "2000" ], [ "Indemnified securities on loan", "$113,047", "$101,438" ], [ "Loan commitments", "12,962", "11,367" ], [ "Asset purchase agreements", "10,366", "7,112" ], [ "Standby letters of credit", "3,918", "4,028" ], [ "Letters of credit", "164", "218" ] ]

[ [ "( dollars in millions )", "2001", "2000" ], [ "indemnified securities on loan", "$ 113047", "$ 101438" ], [ "loan commitments", "12962", "11367" ], [ "asset purchase agreements", "10366", "7112" ], [ "standby letters of credit", "3918", "4028" ], [ "letters of credit", "164", "218" ] ]

[ { "arg1": "12962", "arg2": "11367", "op": "minus1-1", "res": "1595" }, { "arg1": "#0", "arg2": "11367", "op": "divide1-2", "res": "14.0%" } ]

[ "entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense .", "also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income .", "the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses .", "2015 compared to 2014 net income increased slightly , by $ 0.6 million , primarily due to higher net revenue and a lower effective income tax rate , offset by higher other operation and maintenance expenses , higher depreciation and amortization expenses , lower other income , and higher interest expense .", "net revenue 2016 compared to 2015 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 2016 to 2015 .", "amount ( in millions ) ." ]

[ "the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station .", "see note 2 to the financial statements for further discussion .", "the transmission equalization variance is primarily due to changes in transmission investments , including entergy louisiana 2019s exit from the system agreement in august 2016 .", "the volume/weather variance is primarily due to the effect of less favorable weather on residential sales , partially offset by an increase in industrial usage and an increase in volume during the unbilled period .", "the increase ." ]

[ [ "", "Amount (In Millions)" ], [ "2015 net revenue", "$2,408.8" ], [ "Retail electric price", "69.0" ], [ "Transmission equalization", "(6.5)" ], [ "Volume/weather", "(6.7)" ], [ "Louisiana Act 55 financing savings obligation", "(17.2)" ], [ "Other", "(9.0)" ], [ "2016 net revenue", "$2,438.4" ] ]

[ [ "", "amount ( in millions )" ], [ "2015 net revenue", "$ 2408.8" ], [ "retail electric price", "69.0" ], [ "transmission equalization", "-6.5 ( 6.5 )" ], [ "volume/weather", "-6.7 ( 6.7 )" ], [ "louisiana act 55 financing savings obligation", "-17.2 ( 17.2 )" ], [ "other", "-9.0 ( 9.0 )" ], [ "2016 net revenue", "$ 2438.4" ] ]

[ { "arg1": "2438.4", "arg2": "2408.8", "op": "minus1-1", "res": "29.6" }, { "arg1": "#0", "arg2": "2408.8", "op": "divide1-2", "res": "1.2%" } ]

[ "stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .", "the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2009 and that all dividends were reinvested .", "market performance ." ]

[ "s&p 500 healthcare equipment & supply index 100 97 97 113 144 182 ." ]

[ [ "Company / Index", "2009", "2010", "2011", "2012", "2013", "2014" ], [ "Teleflex Incorporated", "100", "102", "119", "142", "190", "235" ], [ "S&P 500 Index", "100", "115", "117", "136", "180", "205" ], [ "S&P 500 Healthcare Equipment & Supply Index", "100", "97", "97", "113", "144", "182" ] ]

[ [ "company / index", "2009", "2010", "2011", "2012", "2013", "2014" ], [ "teleflex incorporated", "100", "102", "119", "142", "190", "235" ], [ "s&p 500 index", "100", "115", "117", "136", "180", "205" ], [ "s&p 500 healthcare equipment & supply index", "100", "97", "97", "113", "144", "182" ] ]

[ { "arg1": "119", "arg2": "102", "op": "minus2-1", "res": "17" }, { "arg1": "#0", "arg2": "102", "op": "divide2-2", "res": "16.7%" } ]

[ "bhge 2018 form 10-k | 85 it is expected that the amount of unrecognized tax benefits will change in the next twelve months due to expiring statutes , audit activity , tax payments , and competent authority proceedings related to transfer pricing or final decisions in matters that are the subject of litigation in various taxing jurisdictions in which we operate .", "at december 31 , 2018 , we had approximately $ 96 million of tax liabilities , net of $ 1 million of tax assets , related to uncertain tax positions , each of which are individually insignificant , and each of which are reasonably possible of being settled within the next twelve months .", "we conduct business in more than 120 countries and are subject to income taxes in most taxing jurisdictions in which we operate .", "all internal revenue service examinations have been completed and closed through year end 2015 for the most significant u.s .", "returns .", "we believe there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations , financial position or cash flows .", "we further believe that we have made adequate provision for all income tax uncertainties .", "note 13 .", "stock-based compensation in july 2017 , we adopted the bhge 2017 long-term incentive plan ( lti plan ) under which we may grant stock options and other equity-based awards to employees and non-employee directors providing services to the company and our subsidiaries .", "a total of up to 57.4 million shares of class a common stock are authorized for issuance pursuant to awards granted under the lti plan over its term which expires on the date of the annual meeting of the company in 2027 .", "a total of 46.2 million shares of class a common stock are available for issuance as of december 31 , 2018 .", "stock-based compensation cost was $ 121 million and $ 37 million in 2018 and 2017 , respectively .", "stock-based compensation cost is measured at the date of grant based on the calculated fair value of the award and is generally recognized on a straight-line basis over the vesting period of the equity grant .", "the compensation cost is determined based on awards ultimately expected to vest ; therefore , we have reduced the cost for estimated forfeitures based on historical forfeiture rates .", "forfeitures are estimated at the time of grant and revised , if necessary , in subsequent periods to reflect actual forfeitures .", "there were no stock-based compensation costs capitalized as the amounts were not material .", "stock options we may grant stock options to our officers , directors and key employees .", "stock options generally vest in equal amounts over a three-year vesting period provided that the employee has remained continuously employed by the company through such vesting date .", "the fair value of each stock option granted is estimated using the black- scholes option pricing model .", "the following table presents the weighted average assumptions used in the option pricing model for options granted under the lti plan .", "the expected life of the options represents the period of time the options are expected to be outstanding .", "the expected life is based on a simple average of the vesting term and original contractual term of the awards .", "the expected volatility is based on the historical volatility of our five main competitors over a six year period .", "the risk-free interest rate is based on the observed u.s .", "treasury yield curve in effect at the time the options were granted .", "the dividend yield is based on a five year history of dividend payouts in baker hughes. ." ]

[ "baker hughes , a ge company notes to consolidated and combined financial statements ." ]

[ [ "", "2018", "2017" ], [ "Expected life (years)", "6", "6" ], [ "Risk-free interest rate", "2.5%", "2.1%" ], [ "Volatility", "33.7%", "36.4%" ], [ "Dividend yield", "2%", "1.2%" ], [ "Weighted average fair value per share at grant date", "$10.34", "$12.32" ] ]

[ [ "", "2018", "2017" ], [ "expected life ( years )", "6", "6" ], [ "risk-free interest rate", "2.5% ( 2.5 % )", "2.1% ( 2.1 % )" ], [ "volatility", "33.7% ( 33.7 % )", "36.4% ( 36.4 % )" ], [ "dividend yield", "2% ( 2 % )", "1.2% ( 1.2 % )" ], [ "weighted average fair value per share at grant date", "$ 10.34", "$ 12.32" ] ]

[ { "arg1": "57.4", "arg2": "46.2", "op": "minus2-1", "res": "11.2" }, { "arg1": "#0", "arg2": "57.4", "op": "divide2-2", "res": "19.5%" } ]

[ "notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) sales of businesses and investments 2013 primarily includes realized gains and losses relating to the sales of businesses , cumulative translation adjustment balances from the liquidation of entities and sales of marketable securities and investments in publicly traded and privately held companies in our rabbi trusts .", "during 2009 , we realized a gain of $ 15.2 related to the sale of an investment in our rabbi trusts , which was partially offset by losses realized from the sale of various businesses .", "losses in 2007 primarily related to the sale of several businesses within draftfcb for a loss of $ 9.3 and charges at lowe of $ 7.8 as a result of the realization of cumulative translation adjustment balances from the liquidation of several businesses .", "vendor discounts and credit adjustments 2013 we are in the process of settling our liabilities related to vendor discounts and credits established during the restatement we presented in our 2004 annual report on form 10-k .", "these adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed .", "litigation settlement 2013 during may 2008 , the sec concluded its investigation that began in 2002 into our financial reporting practices , resulting in a settlement charge of $ 12.0 .", "investment impairments 2013 in 2007 we realized an other-than-temporary charge of $ 5.8 relating to a $ 12.5 investment in auction rate securities , representing our total investment in auction rate securities .", "see note 12 for further information .", "note 5 : intangible assets goodwill goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values .", "the changes in the carrying value of goodwill for our segments , integrated agency networks ( 201cian 201d ) and constituency management group ( 201ccmg 201d ) , for the years ended december 31 , 2009 and 2008 are listed below. ." ]

[ "1 for all periods presented we have not recorded a goodwill impairment charge .", "2 for acquisitions completed after january 1 , 2009 , amount includes contingent and deferred payments , which are recorded at fair value on the acquisition date .", "see note 6 for further information .", "see note 1 for further information regarding our annual impairment methodology .", "other intangible assets included in other intangible assets are assets with indefinite lives not subject to amortization and assets with definite lives subject to amortization .", "other intangible assets primarily include customer lists and trade names .", "intangible assets with definitive lives subject to amortization are amortized on a straight-line basis with estimated useful lives generally between 7 and 15 years .", "amortization expense for other intangible assets for the years ended december 31 , 2009 , 2008 and 2007 was $ 19.3 , $ 14.4 and $ 8.5 , respectively .", "the following table provides a summary of other intangible assets , which are included in other assets on our consolidated balance sheets. ." ]

[ [ "", "IAN", "CMG", "Total 1" ], [ "Balance as of December 31, 2007", "$2,789.7", "$441.9", "$3,231.6" ], [ "Current year acquisitions", "99.5", "1.8", "101.3" ], [ "Contingent and deferred payments for prior acquisitions", "28.9", "1.1", "30.0" ], [ "Other (primarily foreign currency translation)", "(128.1)", "(13.9)", "(142.0)" ], [ "Balance as of December 31, 2008", "$2,790.0", "$430.9", "$3,220.9" ], [ "Current year acquisitions²", "5.2", "—", "5.2" ], [ "Contingent and deferred payments for prior acquisitions", "14.2", "—", "14.2" ], [ "Other (primarily foreign currency translation)", "76.2", "4.5", "80.7" ], [ "Balance as of December 31, 2009", "$2,885.6", "$435.4", "$3,321.0" ] ]

[ [ "", "ian", "cmg", "total 1" ], [ "balance as of december 31 2007", "$ 2789.7", "$ 441.9", "$ 3231.6" ], [ "current year acquisitions", "99.5", "1.8", "101.3" ], [ "contingent and deferred payments for prior acquisitions", "28.9", "1.1", "30.0" ], [ "other ( primarily foreign currency translation )", "-128.1 ( 128.1 )", "-13.9 ( 13.9 )", "-142.0 ( 142.0 )" ], [ "balance as of december 31 2008", "$ 2790.0", "$ 430.9", "$ 3220.9" ], [ "current year acquisitions2", "5.2", "2014", "5.2" ], [ "contingent and deferred payments for prior acquisitions", "14.2", "2014", "14.2" ], [ "other ( primarily foreign currency translation )", "76.2", "4.5", "80.7" ], [ "balance as of december 31 2009", "$ 2885.6", "$ 435.4", "$ 3321.0" ] ]

[ { "arg1": "19.3", "arg2": "14.4", "op": "add1-1", "res": "33.7" }, { "arg1": "#0", "arg2": "8.5", "op": "add1-2", "res": "42.2" }, { "arg1": "#1", "arg2": "const_3", "op": "divide1-3", "res": "14.07" } ]

[ "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": "minus1-1", "res": "-14017" }, { "arg1": "#0", "arg2": "218883", "op": "divide1-2", "res": "-6.4%" } ]

[ "management 2019s discussion and analysis of financial condition and results of operations state street corporation | 90 table 30 : total deposits average balance december 31 years ended december 31 ." ]

[ "short-term funding our on-balance sheet liquid assets are also an integral component of our liquidity management strategy .", "these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales .", "in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors .", "as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral .", "short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase .", "these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities .", "these balances were $ 2.84 billion and $ 4.40 billion as of december 31 , 2017 and december 31 , 2016 , respectively .", "state street bank currently maintains a line of credit with a financial institution of cad 1.40 billion , or approximately $ 1.11 billion as of december 31 , 2017 , to support its canadian securities processing operations .", "the line of credit has no stated termination date and is cancelable by either party with prior notice .", "as of december 31 , 2017 , there was no balance outstanding on this line of credit .", "long-term funding we have the ability to issue debt and equity securities under our current universal shelf registration to meet current commitments and business needs , including accommodating the transaction and cash management needs of our clients .", "in addition , state street bank , a wholly owned subsidiary of the parent company , also has authorization to issue up to $ 5 billion in unsecured senior debt and an additional $ 500 million of subordinated debt .", "agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies .", "factors essential to maintaining high credit ratings include : 2022 diverse and stable core earnings ; 2022 relative market position ; 2022 strong risk management ; 2022 strong capital ratios ; 2022 diverse liquidity sources , including the global capital markets and client deposits ; 2022 strong liquidity monitoring procedures ; and 2022 preparedness for current or future regulatory developments .", "high ratings limit borrowing costs and enhance our liquidity by : 2022 providing assurance for unsecured funding and depositors ; 2022 increasing the potential market for our debt and improving our ability to offer products ; 2022 serving markets ; and 2022 engaging in transactions in which clients value high credit ratings .", "a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital markets , which could increase the related cost of funds .", "in turn , this could cause the sudden and large-scale withdrawal of unsecured deposits by our clients , which could lead to draw-downs of unfunded commitments to extend credit or trigger requirements under securities purchase commitments ; or require additional collateral or force terminations of certain trading derivative contracts .", "a majority of our derivative contracts have been entered into under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings .", "we assess the impact of these arrangements by determining the collateral that would be required assuming a downgrade by all rating agencies .", "the additional collateral or termination payments related to our net derivative liabilities under these arrangements that could have been called by counterparties in the event of a downgrade in our credit ratings below levels specified in the agreements is disclosed in note 10 to the consolidated financial statements included under item 8 , financial statements and supplementary data , of this form 10-k .", "other funding sources , such as secured financing transactions and other margin requirements , for which there are no explicit triggers , could also be adversely affected. ." ]

[ [ "", "December 31", "Average Balance Years Ended December 31," ], [ "(In millions)", "2017", "2016", "2017", "2016" ], [ "Client deposits", "$180,149", "$176,693", "$158,996", "$156,029" ], [ "Wholesale CDs", "4,747", "10,470", "4,812", "14,456" ], [ "Total deposits", "$184,896", "$187,163", "$163,808", "$170,485" ] ]

[ [ "( in millions )", "december 31 2017", "december 31 2016", "december 31 2017", "2016" ], [ "client deposits", "$ 180149", "$ 176693", "$ 158996", "$ 156029" ], [ "wholesale cds", "4747", "10470", "4812", "14456" ], [ "total deposits", "$ 184896", "$ 187163", "$ 163808", "$ 170485" ] ]

[ { "arg1": "4.40", "arg2": "2.84", "op": "minus2-1", "res": "1.56" }, { "arg1": "#0", "arg2": "2.84", "op": "divide2-2", "res": ".5493" } ]

[ "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" ] ]

[ { "arg1": "3929", "arg2": "5634", "op": "minus1-1", "res": "-1705" }, { "arg1": "#0", "arg2": "5634", "op": "divide1-2", "res": "-30%" } ]

[ "development of prior year incurred losses was $ 135.6 million unfavorable in 2006 , $ 26.4 million favorable in 2005 and $ 249.4 million unfavorable in 2004 .", "such losses were the result of the reserve development noted above , as well as inher- ent uncertainty in establishing loss and lae reserves .", "reserves for asbestos and environmental losses and loss adjustment expenses as of year end 2006 , 7.4% ( 7.4 % ) of reserves reflect an estimate for the company 2019s ultimate liability for a&e claims for which ulti- mate value cannot be estimated using traditional reserving techniques .", "the company 2019s a&e liabilities stem from mt .", "mckinley 2019s direct insurance business and everest re 2019s assumed reinsurance business .", "there are significant uncertainties in estimating the amount of the company 2019s potential losses from a&e claims .", "see item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014asbestos and environmental exposures 201d and note 3 of notes to consolidated financial statements .", "mt .", "mckinley 2019s book of direct a&e exposed insurance is relatively small and homogenous .", "it also arises from a limited period , effective 1978 to 1984 .", "the book is based principally on excess liability policies , thereby limiting exposure analysis to a lim- ited number of policies and forms .", "as a result of this focused structure , the company believes that it is able to comprehen- sively analyze its exposures , allowing it to identify , analyze and actively monitor those claims which have unusual exposure , including policies in which it may be exposed to pay expenses in addition to policy limits or non-products asbestos claims .", "the company endeavors to be actively engaged with every insured account posing significant potential asbestos exposure to mt .", "mckinley .", "such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements .", "sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments .", "the company 2019s mt .", "mckinley operation is currently managing eight sip agreements , three of which were executed prior to the acquisition of mt .", "mckinley in 2000 .", "the company 2019s preference with respect to coverage settlements is to exe- cute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty .", "the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active .", "those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity .", "the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders , including those that may not have reported significant a&e losses .", "everest re 2019s book of assumed reinsurance is relatively concentrated within a modest number of a&e exposed relationships .", "it also arises from a limited period , effectively 1977 to 1984 .", "because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities .", "the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies .", "this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies .", "as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention .", "however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers .", "this furnished information is not always timely or accurate and can impact the accuracy and timeli- ness of the company 2019s ultimate loss projections .", "the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the years ended december 31: ." ]

[ "( 1 ) additional reserves are case specific reserves determined by the company to be needed over and above those reported by the ceding company .", "81790fin_a 4/13/07 11:08 am page 15 ." ]

[ [ "(Dollars in millions)", "2006", "2005", "2004" ], [ "Case reserves reported by ceding companies", "$135.6", "$125.2", "$148.5" ], [ "Additional case reserves established by the Company (assumed reinsurance) (1)", "152.1", "157.6", "151.3" ], [ "Case reserves established by the Company (direct insurance)", "213.7", "243.5", "272.1" ], [ "Incurred but not reported reserves", "148.7", "123.3", "156.4" ], [ "Gross reserves", "650.1", "649.6", "728.3" ], [ "Reinsurance receivable", "(138.7)", "(199.1)", "(221.6)" ], [ "Net reserves", "$511.4", "$450.5", "$506.7" ] ]

[ [ "( dollars in millions )", "2006", "2005", "2004" ], [ "case reserves reported by ceding companies", "$ 135.6", "$ 125.2", "$ 148.5" ], [ "additional case reserves established by the company ( assumed reinsurance ) ( 1 )", "152.1", "157.6", "151.3" ], [ "case reserves established by the company ( direct insurance )", "213.7", "243.5", "272.1" ], [ "incurred but not reported reserves", "148.7", "123.3", "156.4" ], [ "gross reserves", "650.1", "649.6", "728.3" ], [ "reinsurance receivable", "-138.7 ( 138.7 )", "-199.1 ( 199.1 )", "-221.6 ( 221.6 )" ], [ "net reserves", "$ 511.4", "$ 450.5", "$ 506.7" ] ]

[ { "arg1": "450.5", "arg2": "506.7", "op": "minus2-1", "res": "-56.2" }, { "arg1": "#0", "arg2": "506.7", "op": "divide2-2", "res": "-11.1%" } ]

[ "table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .", "this performance graph and the related textual information are based on historical data and are not indicative of future performance .", "the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2007 and ending december 31 , 2012 .", "our peer group consists of the following ten companies : alon usa energy , inc. ; bp plc ( bp ) ; cvr energy , inc. ; hess corporation ; hollyfrontier corporation ; marathon petroleum corporation ; phillips 66 ( psx ) ; royal dutch shell plc ( rds ) ; tesoro corporation ; and western refining , inc .", "our peer group previously included chevron corporation ( cvx ) and exxon mobil corporation ( xom ) but they were replaced with bp , psx , and rds .", "in 2012 , psx became an independent downstream energy company and was added to our peer group .", "cvx and xom were replaced with bp and rds as they were viewed as having operations that more closely aligned with our core businesses .", "comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group ." ]

[ "____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2007 .", "201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2007 through december 31 , 2012. ." ]

[ [ "", "12/2007", "12/2008", "12/2009", "12/2010", "12/2011", "12/2012" ], [ "Valero Common Stock", "$100.00", "$31.45", "$25.09", "$35.01", "$32.26", "$53.61" ], [ "S&P 500", "100.00", "63.00", "79.67", "91.67", "93.61", "108.59" ], [ "Old Peer Group", "100.00", "80.98", "76.54", "88.41", "104.33", "111.11" ], [ "New Peer Group", "100.00", "66.27", "86.87", "72.84", "74.70", "76.89" ] ]

[ [ "", "12/2007", "12/2008", "12/2009", "12/2010", "12/2011", "12/2012" ], [ "valero common stock", "$ 100.00", "$ 31.45", "$ 25.09", "$ 35.01", "$ 32.26", "$ 53.61" ], [ "s&p 500", "100.00", "63.00", "79.67", "91.67", "93.61", "108.59" ], [ "old peer group", "100.00", "80.98", "76.54", "88.41", "104.33", "111.11" ], [ "new peer group", "100.00", "66.27", "86.87", "72.84", "74.70", "76.89" ] ]

[ { "arg1": "const_100", "arg2": "31.45", "op": "minus1-1", "res": "68.55" }, { "arg1": "#0", "arg2": "const_100", "op": "divide1-2", "res": "0.6855" } ]

[ "management 2019s discussion and analysis 128 jpmorgan chase & co./2010 annual report year ended december 31 ." ]

[ "( a ) these hedges do not qualify for hedge accounting under u.s .", "gaap .", "lending-related commitments jpmorgan chase uses lending-related financial instruments , such as commitments and guarantees , to meet the financing needs of its customers .", "the contractual amount of these financial instruments represents the maximum possible credit risk should the counterpar- ties draw down on these commitments or the firm fulfills its obliga- tion under these guarantees , and should the counterparties subsequently fail to perform according to the terms of these con- tracts .", "wholesale lending-related commitments were $ 346.1 billion at december 31 , 2010 , compared with $ 347.2 billion at december 31 , 2009 .", "the decrease reflected the january 1 , 2010 , adoption of accounting guidance related to vies .", "excluding the effect of the accounting guidance , lending-related commitments would have increased by $ 16.6 billion .", "in the firm 2019s view , the total contractual amount of these wholesale lending-related commitments is not representative of the firm 2019s actual credit risk exposure or funding requirements .", "in determining the amount of credit risk exposure the firm has to wholesale lend- ing-related commitments , which is used as the basis for allocating credit risk capital to these commitments , the firm has established a 201cloan-equivalent 201d amount for each commitment ; this amount represents the portion of the unused commitment or other contin- gent exposure that is expected , based on average portfolio histori- cal experience , to become drawn upon in an event of a default by an obligor .", "the loan-equivalent amounts of the firm 2019s lending- related commitments were $ 189.9 billion and $ 179.8 billion as of december 31 , 2010 and 2009 , respectively .", "country exposure the firm 2019s wholesale portfolio includes country risk exposures to both developed and emerging markets .", "the firm seeks to diversify its country exposures , including its credit-related lending , trading and investment activities , whether cross-border or locally funded .", "country exposure under the firm 2019s internal risk management ap- proach is reported based on the country where the assets of the obligor , counterparty or guarantor are located .", "exposure amounts , including resale agreements , are adjusted for collateral and for credit enhancements ( e.g. , guarantees and letters of credit ) pro- vided by third parties ; outstandings supported by a guarantor located outside the country or backed by collateral held outside the country are assigned to the country of the enhancement provider .", "in addition , the effect of credit derivative hedges and other short credit or equity trading positions are taken into consideration .", "total exposure measures include activity with both government and private-sector entities in a country .", "the firm also reports country exposure for regulatory purposes following ffiec guidelines , which are different from the firm 2019s internal risk management approach for measuring country expo- sure .", "for additional information on the ffiec exposures , see cross- border outstandings on page 314 of this annual report .", "several european countries , including greece , portugal , spain , italy and ireland , have been subject to credit deterioration due to weak- nesses in their economic and fiscal situations .", "the firm is closely monitoring its exposures to these five countries .", "aggregate net exposures to these five countries as measured under the firm 2019s internal approach was less than $ 15.0 billion at december 31 , 2010 , with no country representing a majority of the exposure .", "sovereign exposure in all five countries represented less than half the aggregate net exposure .", "the firm currently believes its exposure to these five countries is modest relative to the firm 2019s overall risk expo- sures and is manageable given the size and types of exposures to each of the countries and the diversification of the aggregate expo- sure .", "the firm continues to conduct business and support client activity in these countries and , therefore , the firm 2019s aggregate net exposures may vary over time .", "in addition , the net exposures may be impacted by changes in market conditions , and the effects of interest rates and credit spreads on market valuations .", "as part of its ongoing country risk management process , the firm monitors exposure to emerging market countries , and utilizes country stress tests to measure and manage the risk of extreme loss associated with a sovereign crisis .", "there is no common definition of emerging markets , but the firm generally includes in its definition those countries whose sovereign debt ratings are equivalent to 201ca+ 201d or lower .", "the table below presents the firm 2019s exposure to its top 10 emerging markets countries based on its internal measure- ment approach .", "the selection of countries is based solely on the firm 2019s largest total exposures by country and does not represent its view of any actual or potentially adverse credit conditions. ." ]

[ [ "(in millions)", "2010", "2009", "2008" ], [ "Hedges of lending-related commitments^(a)", "$(279)", "$(3,258)", "$2,216" ], [ "CVA and hedges of CVA^(a)", "(403)", "1,920", "(2,359)" ], [ "Net gains/(losses)", "$(682)", "$(1,338)", "$(143)" ] ]

[ [ "( in millions )", "2010", "2009", "2008" ], [ "hedges of lending-related commitments ( a )", "$ -279 ( 279 )", "$ -3258 ( 3258 )", "$ 2216" ], [ "cva and hedges of cva ( a )", "-403 ( 403 )", "1920", "-2359 ( 2359 )" ], [ "net gains/ ( losses )", "$ -682 ( 682 )", "$ -1338 ( 1338 )", "$ -143 ( 143 )" ] ]

[]

[ "table of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2015 .", "period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) ." ]

[ "( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2015 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans .", "( b ) on july 13 , 2015 , we announced that our board of directors approved our purchase of $ 2.5 billion of our outstanding common stock ( with no expiration date ) , which was in addition to the remaining amount available under our $ 3 billion program previously authorized .", "during the third quarter of 2015 , we completed our purchases under the $ 3 billion program .", "as of december 31 , 2015 , we had $ 1.3 billion remaining available for purchase under the $ 2.5 billion program. ." ]

[ [ "Period", "Total Numberof SharesPurchased", "AveragePrice Paidper Share", "Total Number ofShares NotPurchased as Part ofPublicly AnnouncedPlans or Programs (a)", "Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms", "Approximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plans orPrograms (b)" ], [ "October 2015", "1,658,771", "$62.12", "842,059", "816,712", "$2.0 billion" ], [ "November 2015", "2,412,467", "$71.08", "212,878", "2,199,589", "$1.8 billion" ], [ "December 2015", "7,008,414", "$70.31", "980", "7,007,434", "$1.3 billion" ], [ "Total", "11,079,652", "$69.25", "1,055,917", "10,023,735", "$1.3 billion" ] ]

[ [ "period", "total numberof sharespurchased", "averageprice paidper share", "total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a )", "total number ofshares purchased aspart of publiclyannounced plans orprograms", "approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )" ], [ "october 2015", "1658771", "$ 62.12", "842059", "816712", "$ 2.0 billion" ], [ "november 2015", "2412467", "$ 71.08", "212878", "2199589", "$ 1.8 billion" ], [ "december 2015", "7008414", "$ 70.31", "980", "7007434", "$ 1.3 billion" ], [ "total", "11079652", "$ 69.25", "1055917", "10023735", "$ 1.3 billion" ] ]

[]

[ "entergy mississippi , inc .", "management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 12.4 million primarily due to higher other operation and maintenance expenses , lower other income , and higher depreciation and amortization expenses , partially offset by higher net revenue .", "2007 compared to 2006 net income increased $ 19.8 million primarily due to higher net revenue , lower other operation and maintenance expenses , higher other income , and lower interest expense , partially offset by higher depreciation and amortization expenses .", "net revenue 2008 compared to 2007 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 2008 to 2007 .", "amount ( in millions ) ." ]

[ "the attala costs variance is primarily due to an increase in the attala power plant costs that are recovered through the power management rider .", "the net income effect of this recovery in limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes .", "the recovery of attala power plant costs is discussed further in \"liquidity and capital resources - uses of capital\" below .", "the rider revenue variance is the result of a storm damage rider that became effective in october 2007 .", "the establishment of this rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense for the storm reserve with no effect on net income .", "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 reserve equalization variance is primarily due to changes in the entergy system generation mix compared to the same period in 2007. ." ]

[ [ "", "Amount (In Millions)" ], [ "2007 net revenue", "$486.9" ], [ "Attala costs", "9.9" ], [ "Rider revenue", "6.0" ], [ "Base revenue", "5.1" ], [ "Reserve equalization", "(2.4)" ], [ "Net wholesale revenue", "(4.0)" ], [ "Other", "(2.7)" ], [ "2008 net revenue", "$498.8" ] ]

[ [ "", "amount ( in millions )" ], [ "2007 net revenue", "$ 486.9" ], [ "attala costs", "9.9" ], [ "rider revenue", "6.0" ], [ "base revenue", "5.1" ], [ "reserve equalization", "-2.4 ( 2.4 )" ], [ "net wholesale revenue", "-4.0 ( 4.0 )" ], [ "other", "-2.7 ( 2.7 )" ], [ "2008 net revenue", "$ 498.8" ] ]

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[ "certain reclassifications and format changes have been made to prior years 2019 amounts to conform to the 2015 presentation .", "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)", "2015", "2014" ], [ "Reinsurance receivables and premium receivables", "$22,878", "$29,497" ] ]

[ [ "( dollars in thousands )", "years ended december 31 , 2015", "years ended december 31 , 2014" ], [ "reinsurance receivables and premium receivables", "$ 22878", "$ 29497" ] ]

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[ "and $ 19 million of these expenses in 2011 and 2010 , respectively , with the remaining expense unallocated .", "the company financed the acquisition with the proceeds from a $ 1.0 billion three-year term loan credit facility , $ 1.5 billion in unsecured notes , and the issuance of 61 million shares of aon common stock .", "in addition , as part of the consideration , certain outstanding hewitt stock options were converted into options to purchase 4.5 million shares of aon common stock .", "these items are detailed further in note 8 2018 2018debt 2019 2019 and note 11 2018 2018stockholders 2019 equity 2019 2019 .", "the transaction has been accounted for using the acquisition method of accounting which requires , among other things , that most assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date .", "the following table summarizes the amounts recognized for assets acquired and liabilities assumed as of the acquisition date ( in millions ) : amounts recorded as of the acquisition ." ]

[ "( 1 ) includes cash and cash equivalents , short-term investments , client receivables , other current assets , accounts payable and other current liabilities .", "( 2 ) includes primarily deferred contract costs and long-term investments .", "( 3 ) includes primarily unfavorable lease obligations and deferred contract revenues .", "( 4 ) included in other current assets ( $ 31 million ) , deferred tax assets ( $ 30 million ) , other current liabilities ( $ 7 million ) and deferred tax liabilities ( $ 1.1 billion ) in the company 2019s consolidated statements of financial position .", "the acquired customer relationships are being amortized over a weighted average life of 12 years .", "the technology asset is being amortized over 7 years and trademarks have been determined to have indefinite useful lives .", "goodwill is calculated as the excess of the acquisition cost over the fair value of the net assets acquired and represents the synergies and other benefits that are expected to arise from combining the operations of hewitt with the operations of aon , and the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized .", "goodwill is not amortized and is not deductible for tax purposes .", "a single estimate of fair value results from a complex series of the company 2019s judgments about future events and uncertainties and relies heavily on estimates and assumptions .", "the company 2019s ." ]

[ [ "", "Amountsrecorded as ofthe acquisitiondate" ], [ "Working capital (1)", "$348" ], [ "Property, equipment, and capitalized software", "297" ], [ "Identifiable intangible assets:", "" ], [ "Customer relationships", "1,800" ], [ "Trademarks", "890" ], [ "Technology", "215" ], [ "Other noncurrent assets (2)", "344" ], [ "Long-term debt", "346" ], [ "Other noncurrent liabilities (3)", "360" ], [ "Net deferred tax liability (4)", "1,021" ], [ "Net assets acquired", "2,167" ], [ "Goodwill", "2,765" ], [ "Total consideration transferred", "$4,932" ] ]

[ [ "", "amountsrecorded as ofthe acquisitiondate" ], [ "working capital ( 1 )", "$ 348" ], [ "property equipment and capitalized software", "297" ], [ "identifiable intangible assets:", "" ], [ "customer relationships", "1800" ], [ "trademarks", "890" ], [ "technology", "215" ], [ "other noncurrent assets ( 2 )", "344" ], [ "long-term debt", "346" ], [ "other noncurrent liabilities ( 3 )", "360" ], [ "net deferred tax liability ( 4 )", "1021" ], [ "net assets acquired", "2167" ], [ "goodwill", "2765" ], [ "total consideration transferred", "$ 4932" ] ]

[ { "arg1": "1800", "arg2": "890", "op": "add2-1", "res": "2690" }, { "arg1": "#0", "arg2": "215", "op": "add2-2", "res": "2905" } ]

[ "( a ) the net change in the total valuation allowance for the years ended december 31 , 2018 and 2017 was an increase of $ 12 million and an increase of $ 26 million , respectively .", "deferred income tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions deferred charges and other assets and deferred income taxes .", "there was a decrease in deferred income tax assets principally relating to the utilization of u.s .", "federal alternative minimum tax credits as permitted under tax reform .", "deferred tax liabilities increased primarily due to the tax deferral of the book gain recognized on the transfer of the north american consumer packaging business to a subsidiary of graphic packaging holding company .", "of the $ 1.5 billion of deferred tax liabilities for forestlands , related installment sales , and investment in subsidiary , $ 884 million is attributable to an investment in subsidiary and relates to a 2006 international paper installment sale of forestlands and $ 538 million is attributable to a 2007 temple-inland installment sale of forestlands ( see note 14 ) .", "a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended december 31 , 2018 , 2017 and 2016 is as follows: ." ]

[ "if the company were to prevail on the unrecognized tax benefits recorded , substantially all of the balances at december 31 , 2018 , 2017 and 2016 would benefit the effective tax rate .", "the company accrues interest on unrecognized tax benefits as a component of interest expense .", "penalties , if incurred , are recognized as a component of income tax expense .", "the company had approximately $ 21 million and $ 17 million accrued for the payment of estimated interest and penalties associated with unrecognized tax benefits at december 31 , 2018 and 2017 , respectively .", "the major jurisdictions where the company files income tax returns are the united states , brazil , france , poland and russia .", "generally , tax years 2006 through 2017 remain open and subject to examination by the relevant tax authorities .", "the company frequently faces challenges regarding the amount of taxes due .", "these challenges include positions taken by the company related to the timing , nature , and amount of deductions and the allocation of income among various tax jurisdictions .", "pending audit settlements and the expiration of statute of limitations could reduce the uncertain tax positions by $ 30 million during the next twelve months .", "the brazilian federal revenue service has challenged the deductibility of goodwill amortization generated in a 2007 acquisition by international paper do brasil ltda. , a wholly-owned subsidiary of the company .", "the company received assessments for the tax years 2007-2015 totaling approximately $ 150 million in tax , and $ 380 million in interest and penalties as of december 31 , 2018 ( adjusted for variation in currency exchange rates ) .", "after a previous favorable ruling challenging the basis for these assessments , we received an unfavorable decision in october 2018 from the brazilian administrative council of tax appeals .", "the company intends to further appeal the matter in the brazilian federal courts in 2019 ; however , this tax litigation matter may take many years to resolve .", "the company believes that it has appropriately evaluated the transaction underlying these assessments , and has concluded based on brazilian tax law , that its tax position would be sustained .", "the company intends to vigorously defend its position against the current assessments and any similar assessments that may be issued for tax years subsequent to 2015 .", "international paper uses the flow-through method to account for investment tax credits earned on eligible open-loop biomass facilities and combined heat and power system expenditures .", "under this method , the investment tax credits are recognized as a reduction to income tax expense in the year they are earned rather than a reduction in the asset basis .", "the company recorded a tax benefit of $ 6 million during 2018 and recorded a tax benefit of $ 68 million during 2017 related to investment tax credits earned in tax years 2013-2017. ." ]

[ [ "In millions", "2018", "2017", "2016" ], [ "Balance at January 1", "$(188)", "$(98)", "$(150)" ], [ "(Additions) reductions based on tax positions related to current year", "(7)", "(54)", "(4)" ], [ "(Additions) for tax positions of prior years", "(37)", "(40)", "(3)" ], [ "Reductions for tax positions of prior years", "5", "4", "33" ], [ "Settlements", "2", "6", "19" ], [ "Expiration of statutes oflimitations", "2", "1", "5" ], [ "Currency translation adjustment", "3", "(7)", "2" ], [ "Balance at December 31", "$(220)", "$(188)", "$(98)" ] ]

[ [ "in millions", "2018", "2017", "2016" ], [ "balance at january 1", "$ -188 ( 188 )", "$ -98 ( 98 )", "$ -150 ( 150 )" ], [ "( additions ) reductions based on tax positions related to current year", "-7 ( 7 )", "-54 ( 54 )", "-4 ( 4 )" ], [ "( additions ) for tax positions of prior years", "-37 ( 37 )", "-40 ( 40 )", "-3 ( 3 )" ], [ "reductions for tax positions of prior years", "5", "4", "33" ], [ "settlements", "2", "6", "19" ], [ "expiration of statutes oflimitations", "2", "1", "5" ], [ "currency translation adjustment", "3", "-7 ( 7 )", "2" ], [ "balance at december 31", "$ -220 ( 220 )", "$ -188 ( 188 )", "$ -98 ( 98 )" ] ]

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

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

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

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

[ { "arg1": "500", "arg2": "350", "op": "add1-1", "res": "850" }, { "arg1": "#0", "arg2": "2248", "op": "divide1-2", "res": "0.3781" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply1-3", "res": "37.81" } ]

[ "17 .", "leases we lease certain locomotives , freight cars , and other property .", "the consolidated statements of financial position as of december 31 , 2016 , and 2015 included $ 1997 million , net of $ 1121 million of accumulated depreciation , and $ 2273 million , net of $ 1189 million of accumulated depreciation , respectively , for properties held under capital leases .", "a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .", "future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2016 , were as follows : millions operating leases capital leases ." ]

[ "approximately 96% ( 96 % ) of capital lease payments relate to locomotives .", "rent expense for operating leases with terms exceeding one month was $ 535 million in 2016 , $ 590 million in 2015 , and $ 593 million in 2014 .", "when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .", "contingent rentals and sub-rentals are not significant .", "18 .", "commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .", "we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity .", "to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated .", "we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use an actuarial analysis to measure the expense and liability , including unasserted claims .", "the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .", "under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .", "we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work .", "our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments .", "approximately 94% ( 94 % ) of the recorded liability is related to asserted claims and approximately 6% ( 6 % ) is related to unasserted claims at december 31 , 2016 .", "because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 290 million to $ 317 million .", "we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other .", "estimates can vary over time due to evolving trends in litigation. ." ]

[ [ "Millions", "OperatingLeases", "CapitalLeases" ], [ "2017", "$461", "$221" ], [ "2018", "390", "193" ], [ "2019", "348", "179" ], [ "2020", "285", "187" ], [ "2021", "245", "158" ], [ "Later years", "1,314", "417" ], [ "Total minimum lease payments", "$3,043", "$1,355" ], [ "Amount representing interest", "N/A", "(250)" ], [ "Present value of minimum lease payments", "N/A", "$1,105" ] ]

[ [ "millions", "operatingleases", "capitalleases" ], [ "2017", "$ 461", "$ 221" ], [ "2018", "390", "193" ], [ "2019", "348", "179" ], [ "2020", "285", "187" ], [ "2021", "245", "158" ], [ "later years", "1314", "417" ], [ "total minimum lease payments", "$ 3043", "$ 1355" ], [ "amount representing interest", "n/a", "-250 ( 250 )" ], [ "present value of minimum lease payments", "n/a", "$ 1105" ] ]

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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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[ "in june 2011 , the fasb issued asu no .", "2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements .", "in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income .", "this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity .", "the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income .", "the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 .", "the company adopted this guidance in the first quarter of 2012 .", "the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements .", "3 .", "inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 .", "under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years .", "the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively .", "as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories .", "the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .", "product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( \"fifo\" ) method .", "product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .", "because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .", "inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively .", "inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 ." ]

[ "inventory quantities are tracked through a perpetual inventory system .", "the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .", "in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .", "reserves advance auto parts , inc .", "and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) ." ]

[ [ "", "December 29,2012", "December 31,2011" ], [ "Inventories at FIFO, net", "$2,182,419", "$1,941,055" ], [ "Adjustments to state inventories at LIFO", "126,190", "102,103" ], [ "Inventories at LIFO, net", "$2,308,609", "$2,043,158" ] ]

[ [ "", "december 292012", "december 312011" ], [ "inventories at fifo net", "$ 2182419", "$ 1941055" ], [ "adjustments to state inventories at lifo", "126190", "102103" ], [ "inventories at lifo net", "$ 2308609", "$ 2043158" ] ]

[ { "arg1": "2308609", "arg2": "2043158", "op": "minus2-1", "res": "265451" }, { "arg1": "#0", "arg2": "2043158", "op": "divide2-2", "res": "13.0%" } ]

[ "discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014 factors affecting sources of liquidity . 201d recent sales of unregistered securities during the year ended december 31 , 2005 , we issued an aggregate of 4670335 shares of our class a common stock upon conversion of $ 57.1 million principal amount of our 3.25% ( 3.25 % ) notes .", "pursuant to the terms of the indenture , the holders of the 3.25% ( 3.25 % ) notes received 81.808 shares of class a common stock for every $ 1000 principal amount of notes converted .", "the shares were issued to the noteholders in reliance on the exemption from registration set forth in section 3 ( a ) ( 9 ) of the securities act of 1933 , as amended .", "no underwriters were engaged in connection with such issuances .", "in connection with the conversion , we paid such holders an aggregate of $ 4.9 million , calculated based on the accrued and unpaid interest on the notes and the discounted value of the future interest payments on the notes .", "subsequent to december 31 , 2005 , we issued shares of class a common stock upon conversions of additional 3.25% ( 3.25 % ) notes , as set forth in item 9b of this annual report under the caption 201cother information . 201d during the year ended december 31 , 2005 , we issued an aggregate of 398412 shares of our class a common stock upon exercises of 55729 warrants assumed in our merger with spectrasite , inc .", "in august 2005 , in connection with our merger with spectrasite , inc. , we assumed approximately 1.0 million warrants to purchase shares of spectrasite , inc .", "common stock .", "upon completion of the merger , each warrant to purchase shares of spectrasite , inc .", "common stock automatically converted into a warrant to purchase 7.15 shares of class a common stock at an exercise price of $ 32 per warrant .", "net proceeds from these warrant exercises were approximately $ 1.8 million .", "the shares of class a common stock issued to the warrantholders upon exercise of the warrants were issued in reliance on the exemption from registration set forth in section 3 ( a ) ( 9 ) of the securities act of 1933 , as amended .", "no underwriters were engaged in connection with such issuances .", "subsequent to december 31 , 2005 , we issued shares of class a common stock upon exercises of additional warrants , as set forth in item 9b of this annual report under the caption 201cother information . 201d issuer purchases of equity securities in november 2005 , we announced that our board of directors had approved a stock repurchase program pursuant to which we intend to repurchase up to $ 750.0 million of our class a common stock through december 2006 .", "during the fourth quarter of 2005 , we repurchased 2836519 shares of our class a common stock for an aggregate of $ 76.6 million pursuant to our stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) ." ]

[ "( 1 ) all issuer repurchases were made pursuant to the stock repurchase program publicly announced in november 2005 .", "pursuant to the program , we intend to repurchase up to $ 750.0 million of our class a common stock during the period november 2005 through december 2006 .", "under the program , our management is authorized to purchase shares from time to time in open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors .", "to facilitate repurchases , we entered into a trading plan under rule 10b5-1 of the securities exchange act of 1934 , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self- imposed trading blackout periods .", "the program may be discontinued at any time .", "since december 31 , 2005 , we have continued to repurchase shares of our class a common stock pursuant to our stock repurchase program .", "between january 1 , 2006 and march 9 , 2006 , we repurchased 3.9 million shares of class a common stock for an aggregate of $ 117.4 million pursuant to the stock repurchase program. ." ]

[ [ "Period", "Total Number of Shares Purchased(1)", "Average Price Paid per Share", "Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)", "Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (In millions)" ], [ "11/17/05 – 11/30/05", "874,306", "$26.25", "874,306", "$727.0" ], [ "12/1/05 – 12/31/05", "1,962,213", "$27.29", "1,962,213", "$673.4" ], [ "Total Fourth Quarter", "2,836,519", "$26.97", "2,836,519", "$673.4" ] ]

[ [ "period", "total number of shares purchased ( 1 )", "average price paid per share", "total number of shares purchased as part of publicly announced plans or programs ( 1 )", "approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions )" ], [ "11/17/05 2013 11/30/05", "874306", "$ 26.25", "874306", "$ 727.0" ], [ "12/1/05 2013 12/31/05", "1962213", "$ 27.29", "1962213", "$ 673.4" ], [ "total fourth quarter", "2836519", "$ 26.97", "2836519", "$ 673.4" ] ]

[]

[ "recent accounting pronouncements see note 1 accounting policies in the notes to consolidated financial statements in item 8 of this report for additional information on the following recent accounting pronouncements that are relevant to our business , including a description of each new pronouncement , the required date of adoption , our planned date of adoption , and the expected impact on our consolidated financial statements .", "all of the following pronouncements were issued by the fasb unless otherwise noted .", "the following were issued in 2007 : 2022 sfas 141 ( r ) , 201cbusiness combinations 201d 2022 sfas 160 , 201caccounting and reporting of noncontrolling interests in consolidated financial statements , an amendment of arb no .", "51 201d 2022 in november 2007 , the sec issued staff accounting bulletin no .", "109 , 2022 in june 2007 , the aicpa issued statement of position 07-1 , 201cclarification of the scope of the audit and accounting guide 201cinvestment companies 201d and accounting by parent companies and equity method investors for investments in investment companies . 201d the fasb issued a final fsp in february 2008 which indefinitely delays the effective date of aicpa sop 07-1 .", "2022 fasb staff position no .", "( 201cfsp 201d ) fin 46 ( r ) 7 , 201capplication of fasb interpretation no .", "46 ( r ) to investment companies 201d 2022 fsp fin 48-1 , 201cdefinition of settlement in fasb interpretation ( 201cfin 201d ) no .", "48 201d 2022 sfas 159 , 201cthe fair value option for financial assets and financial liabilities 2013 including an amendment of fasb statement no .", "115 201d the following were issued during 2006 : 2022 sfas 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement benefit plans 2013 an amendment of fasb statements no .", "87 , 88 , 106 and 132 ( r ) 201d ( 201csfas 158 201d ) 2022 sfas 157 , 201cfair value measurements 201d 2022 fin 48 , 201caccounting for uncertainty in income taxes 2013 an interpretation of fasb statement no .", "109 201d 2022 fsp fas 13-2 , 201caccounting for a change or projected change in the timing of cash flows relating to income taxes generated by a leveraged lease transaction 201d 2022 sfas 156 , 201caccounting for servicing of financial assets 2013 an amendment of fasb statement no .", "140 201d 2022 sfas 155 , 201caccounting for certain hybrid financial instruments 2013 an amendment of fasb statements no .", "133 and 140 201d 2022 the emerging issues task force ( 201ceitf 201d ) of the fasb issued eitf issue 06-4 , 201caccounting for deferred compensation and postretirement benefit aspects of endorsement split-dollar life insurance arrangements 201d status of defined benefit pension plan we have a noncontributory , qualified defined benefit pension plan ( 201cplan 201d or 201cpension plan 201d ) covering eligible employees .", "benefits are derived from a cash balance formula based on compensation levels , age and length of service .", "pension contributions are based on an actuarially determined amount necessary to fund total benefits payable to plan participants .", "consistent with our investment strategy , plan assets are currently approximately 60% ( 60 % ) invested in equity investments with most of the remainder invested in fixed income instruments .", "plan fiduciaries determine and review the plan 2019s investment policy .", "we calculate the expense associated with the pension plan in accordance with sfas 87 , 201cemployers 2019 accounting for pensions , 201d and we use assumptions and methods that are compatible with the requirements of sfas 87 , including a policy of reflecting trust assets at their fair market value .", "on an annual basis , we review the actuarial assumptions related to the pension plan , including the discount rate , the rate of compensation increase and the expected return on plan assets .", "neither the discount rate nor the compensation increase assumptions significantly affects pension expense .", "the expected long-term return on assets assumption does significantly affect pension expense .", "the expected long-term return on plan assets for determining net periodic pension cost for 2007 was 8.25% ( 8.25 % ) , unchanged from 2006 .", "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 change by up to $ 4 million as the impact is amortized into results of operations .", "the table below reflects the estimated effects on pension expense of certain changes in assumptions , using 2008 estimated expense as a baseline .", "change in assumption estimated increase to 2008 pension expense ( in millions ) ." ]

[ "we currently estimate a pretax pension benefit of $ 26 million in 2008 compared with a pretax benefit of $ 30 million in ." ]

[ [ "Change in Assumption", "EstimatedIncrease to 2008PensionExpense(In millions)" ], [ ".5% decrease in discount rate", "$1" ], [ ".5% decrease in expected long-term return on assets", "$10" ], [ ".5% increase in compensation rate", "$2" ] ]

[ [ "change in assumption", "estimatedincrease to 2008pensionexpense ( in millions )" ], [ ".5% ( .5 % ) decrease in discount rate", "$ 1" ], [ ".5% ( .5 % ) decrease in expected long-term return on assets", "$ 10" ], [ ".5% ( .5 % ) increase in compensation rate", "$ 2" ] ]

[]

[ "." ]

[ "( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest .", "interest payments for variable rate debt were calculated using the interest rates as of december 31 , 2016 .", "repayment of our $ 250.0 million variable rate term note , which has a contractual maturity date in january 2019 , is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion .", "( 2 ) our unsecured line of credit has a contractual maturity date in january 2019 , but is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion .", "interest payments for our unsecured line of credit were calculated using the most recent stated interest rate that was in effect.ff ( 3 ) our share of unconsolidated joint venture debt includes both principal and interest .", "interest expense for variable rate debt was calculated using the interest rate at december 31 , 2016 .", "( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects .", "related party y transactionstt we provide property and asset management , leasing , construction and other tenant-related services to ww unconsolidated companies in which we have equity interests .", "for the years ended december 31 , 2016 , 2015 and 2014 we earned management fees of $ 4.5 million , $ 6.8 million and $ 8.5 million , leasing fees of $ 2.4 million , $ 3.0 million and $ 3.4 million and construction and development fees of $ 8.0 million , $ 6.1 million and $ 5.8 million , respectively , from these companies , prior to elimination of our ownership percentage .", "yy we recorded these fees based ww on contractual terms that approximate market rates for these types of services and have eliminated our ownership percentages of these fees in the consolidated financial statements .", "commitments and contingenciesg the partnership has guaranteed the repayment of $ 32.9 million of economic development bonds issued by various municipalities in connection with certain commercial developments .", "we will be required to make payments under ww our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond ff debt service .", "management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees .", "the partnership also has guaranteed the repayment of an unsecured loan of one of our unconsolidated subsidiaries .", "at december 31 , 2016 , the maximum guarantee exposure for this loan was approximately $ 52.1 million .", "we lease certain land positions with terms extending toww march 2114 , with a total future payment obligation of $ 311.1 million .", "the payments on these ground leases , which are classified as operating leases , are not material in any individual year .", "in addition to ground leases , we are party to other operating leases as part of conducting our business , including leases of office space from third parties , with a total future payment obligation of ff $ 43.4 million at december 31 , 2016 .", "no future payments on these leases are material in any individual year .", "we are subject to various legal proceedings and claims that arise in the ordinary course of business .", "in the opinion ww of management , the amount of any ultimate liability with respect to these actions is not expected to materially affect ff our consolidated financial statements or results of operations .", "we own certain parcels of land that are subject to special property tax assessments levied by quasi municipalww entities .", "to the extent that such special assessments are fixed and determinable , the discounted value of the fulltt ." ]

[ [ "", "Payments due by Period (in thousands)" ], [ "Contractual Obligations", "Total", "2017", "2018", "2019", "2020", "2021", "Thereafter" ], [ "Long-term debt(1)", "$3,508,789", "$203,244", "$409,257", "$366,456", "$461,309", "$329,339", "$1,739,184" ], [ "Line of credit(2)", "56,127", "2,650", "2,650", "2,650", "48,177", "—", "—" ], [ "Share of unconsolidated joint ventures' debt(3)", "91,235", "2,444", "28,466", "5,737", "11,598", "1,236", "41,754" ], [ "Ground leases", "311,120", "10,745", "5,721", "5,758", "5,793", "5,822", "277,281" ], [ "Development and construction backlog costs(4)", "344,700", "331,553", "13,147", "—", "—", "—", "—" ], [ "Other", "43,357", "7,502", "7,342", "5,801", "4,326", "3,906", "14,480" ], [ "Total Contractual Obligations", "$4,355,328", "$558,138", "$466,583", "$386,402", "$531,203", "$340,303", "$2,072,699" ] ]

[ [ "contractual obligations", "payments due by period ( in thousands ) total", "payments due by period ( in thousands ) 2017", "payments due by period ( in thousands ) 2018", "payments due by period ( in thousands ) 2019", "payments due by period ( in thousands ) 2020", "payments due by period ( in thousands ) 2021", "payments due by period ( in thousands ) thereafter" ], [ "long-term debt ( 1 )", "$ 3508789", "$ 203244", "$ 409257", "$ 366456", "$ 461309", "$ 329339", "$ 1739184" ], [ "line of credit ( 2 )", "56127", "2650", "2650", "2650", "48177", "2014", "2014" ], [ "share of unconsolidated joint ventures' debt ( 3 )", "91235", "2444", "28466", "5737", "11598", "1236", "41754" ], [ "ground leases", "311120", "10745", "5721", "5758", "5793", "5822", "277281" ], [ "development and construction backlog costs ( 4 )", "344700", "331553", "13147", "2014", "2014", "2014", "2014" ], [ "other", "43357", "7502", "7342", "5801", "4326", "3906", "14480" ], [ "total contractual obligations", "$ 4355328", "$ 558138", "$ 466583", "$ 386402", "$ 531203", "$ 340303", "$ 2072699" ] ]

[ { "arg1": "203244", "arg2": "558138", "op": "divide2-1", "res": "0.364" }, { "arg1": "#0", "arg2": "const_100", "op": "multiply2-2", "res": "36.4%" } ]

[ "notes to consolidated financial statements j.p .", "morgan chase & co .", "98 j.p .", "morgan chase & co .", "/ 2003 annual report securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions and settle other securities obligations .", "the firm also enters into these transactions to accommodate customers 2019 needs .", "securities purchased under resale agreements ( 201cresale agreements 201d ) and securities sold under repurchase agreements ( 201crepurchase agreements 201d ) are generally treated as collateralized financing transactions and are carried on the consolidated bal- ance sheet at the amounts the securities will be subsequently sold or repurchased , plus accrued interest .", "where appropriate , resale and repurchase agreements with the same counterparty are reported on a net basis in accordance with fin 41 .", "jpmorgan chase takes possession of securities purchased under resale agreements .", "on a daily basis , jpmorgan chase monitors the market value of the underlying collateral received from its counterparties , consisting primarily of u.s .", "and non-u.s .", "govern- ment and agency securities , and requests additional collateral from its counterparties when necessary .", "similar transactions that do not meet the sfas 140 definition of a repurchase agreement are accounted for as 201cbuys 201d and 201csells 201d rather than financing transactions .", "these transactions are accounted for as a purchase ( sale ) of the underlying securities with a forward obligation to sell ( purchase ) the securities .", "the forward purchase ( sale ) obligation , a derivative , is recorded on the consolidated balance sheet at its fair value , with changes in fair value recorded in trading revenue .", "notional amounts of these transactions accounted for as purchases under sfas 140 were $ 15 billion and $ 8 billion at december 31 , 2003 and 2002 , respectively .", "notional amounts of these transactions accounted for as sales under sfas 140 were $ 8 billion and $ 13 billion at december 31 , 2003 and 2002 , respectively .", "based on the short-term duration of these contracts , the unrealized gain or loss is insignificant .", "securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received .", "securities bor- rowed consist primarily of government and equity securities .", "jpmorgan chase monitors the market value of the securities borrowed and lent on a daily basis and calls for additional col- lateral when appropriate .", "fees received or paid are recorded in interest income or interest expense. ." ]

[ "note 10 jpmorgan chase pledges certain financial instruments it owns to collateralize repurchase agreements and other securities financ- ings .", "pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheet .", "at december 31 , 2003 , the firm had received securities as col- lateral that can be repledged , delivered or otherwise used with a fair value of approximately $ 210 billion .", "this collateral was gen- erally obtained under resale or securities-borrowing agreements .", "of these securities , approximately $ 197 billion was repledged , delivered or otherwise used , generally as collateral under repur- chase agreements , securities-lending agreements or to cover short sales .", "notes to consolidated financial statements j.p .", "morgan chase & co .", "loans are reported at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees .", "loans held for sale are carried at the lower of aggregate cost or fair value .", "loans are classified as 201ctrading 201d for secondary market trading activities where positions are bought and sold to make profits from short-term movements in price .", "loans held for trading purposes are included in trading assets and are carried at fair value , with the gains and losses included in trading revenue .", "interest income is recognized using the interest method , or on a basis approximating a level rate of return over the term of the loan .", "nonaccrual loans are those on which the accrual of interest is discontinued .", "loans ( other than certain consumer loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of principal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover prin- cipal and interest .", "interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income .", "in addition , the amortization of net deferred loan fees is suspended .", "interest income on nonaccrual loans is recognized only to the extent it is received in cash .", "however , where there is doubt regarding the ultimate collectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of the loan .", "loans are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured .", "consumer loans are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accor- dance with the federal financial institutions examination council ( 201cffiec 201d ) policy .", "for example , credit card loans are charged off at the earlier of 180 days past due or within 60 days from receiving notification of the filing of bankruptcy .", "residential mortgage products are generally charged off to net realizable value at 180 days past due .", "other consumer products are gener- ally charged off ( to net realizable value if collateralized ) at 120 days past due .", "accrued interest on residential mortgage products , automobile financings and certain other consumer loans are accounted for in accordance with the nonaccrual loan policy note 11 ." ]

[ [ "December 31, (in millions)", "2003", "2002" ], [ "Securities purchased under resale agreements", "$62,801", "$57,645" ], [ "Securities borrowed", "41,834", "34,143" ], [ "Securities sold under repurchase agreements", "$105,409", "$161,394" ], [ "Securities loaned", "2,461", "1,661" ] ]

[ [ "december 31 ( in millions )", "2003", "2002" ], [ "securities purchased under resale agreements", "$ 62801", "$ 57645" ], [ "securities borrowed", "41834", "34143" ], [ "securities sold under repurchase agreements", "$ 105409", "$ 161394" ], [ "securities loaned", "2461", "1661" ] ]

[]

[ "notes to consolidated financial statements the firm permanently reinvests eligible earnings of certain foreign subsidiaries and , accordingly , does not accrue any u.s .", "income taxes that would arise if such earnings were repatriated .", "as of december 2012 and december 2011 , this policy resulted in an unrecognized net deferred tax liability of $ 3.75 billion and $ 3.32 billion , respectively , attributable to reinvested earnings of $ 21.69 billion and $ 20.63 billion , respectively .", "unrecognized tax benefits the firm recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position .", "a position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement .", "a liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements .", "as of december 2012 and december 2011 , the accrued liability for interest expense related to income tax matters and income tax penalties was $ 374 million and $ 233 million , respectively .", "the firm recognized $ 95 million , $ 21 million and $ 28 million of interest and income tax penalties for the years ended december 2012 , december 2011 and december 2010 , respectively .", "it is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to december 2012 due to potential audit settlements , however , at this time it is not possible to estimate any potential change .", "the table below presents the changes in the liability for unrecognized tax benefits .", "this liability is included in 201cother liabilities and accrued expenses . 201d see note 17 for further information. ." ]

[ "related deferred income tax asset 1 685 569 972 net unrecognized tax benefit 2 $ 1552 $ 1318 $ 1109 1 .", "included in 201cother assets . 201d see note 12 .", "2 .", "if recognized , the net tax benefit would reduce the firm 2019s effective income tax rate .", "194 goldman sachs 2012 annual report ." ]

[ [ "", "As of December" ], [ "<i>in millions</i>", "2012", "2011", "2010" ], [ "Balance, beginning of year", "$1,887", "$2,081", "$1,925" ], [ "Increases based on tax positions related to the current year", "190", "171", "171" ], [ "Increases based on tax positions related to prior years", "336", "278", "162" ], [ "Decreases related to tax positions of prior years", "(109)", "(41)", "(104)" ], [ "Decreases related to settlements", "(35)", "(638)", "(128)" ], [ "Acquisitions/(dispositions)", "(47)", "47", "56" ], [ "Exchange rate fluctuations", "15", "(11)", "(1)" ], [ "Balance, end of year", "$2,237", "$1,887", "$2,081" ], [ "Related deferred income tax asset¹", "685", "569", "972" ], [ "Net unrecognized tax benefit²", "$1,552", "$1,318", "$1,109" ] ]

[ [ "in millions", "as of december 2012", "as of december 2011", "as of december 2010" ], [ "balance beginning of year", "$ 1887", "$ 2081", "$ 1925" ], [ "increases based on tax positions related to the current year", "190", "171", "171" ], [ "increases based on tax positions related to prior years", "336", "278", "162" ], [ "decreases related to tax positions of prior years", "-109 ( 109 )", "-41 ( 41 )", "-104 ( 104 )" ], [ "decreases related to settlements", "-35 ( 35 )", "-638 ( 638 )", "-128 ( 128 )" ], [ "acquisitions/ ( dispositions )", "-47 ( 47 )", "47", "56" ], [ "exchange rate fluctuations", "15", "-11 ( 11 )", "-1 ( 1 )" ], [ "balance end of year", "$ 2237", "$ 1887", "$ 2081" ], [ "related deferred income tax asset1", "685", "569", "972" ], [ "net unrecognized tax benefit2", "$ 1552", "$ 1318", "$ 1109" ] ]

[ { "arg1": "1318", "arg2": "1109", "op": "minus2-1", "res": "209" }, { "arg1": "#0", "arg2": "1109", "op": "divide2-2", "res": "18.8%" } ]

[ "mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) upon termination of employment , excluding retirement , all of a participant 2019s unvested awards are forfeited .", "however , when a participant terminates employment due to retirement , the participant generally retains all of their awards without providing additional service to the company .", "eligible retirement is dependent upon age and years of service , as follows : age 55 with ten years of service , age 60 with five years of service and age 65 with two years of service .", "compensation expense is recognized over the shorter of the vesting periods stated in the ltip , or the date the individual becomes eligible to retire .", "there are 11550 shares of class a common stock reserved for equity awards under the ltip .", "although the ltip permits the issuance of shares of class b common stock , no such shares have been reserved for issuance .", "shares issued as a result of option exercises and the conversions of rsus are expected to be funded with the issuance of new shares of class a common stock .", "stock options the fair value of each option is estimated on the date of grant using a black-scholes option pricing model .", "the following table presents the weighted-average assumptions used in the valuation and the resulting weighted- average fair value per option granted for the years ended december 31: ." ]

[ "the risk-free rate of return was based on the u.s .", "treasury yield curve in effect on the date of grant .", "the company utilizes the simplified method for calculating the expected term of the option based on the vesting terms and the contractual life of the option .", "the expected volatility for options granted during 2009 was based on the average of the implied volatility of mastercard and a blend of the historical volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard .", "the expected volatility for options granted during 2008 was based on the average of the implied volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard .", "as the company did not have sufficient publicly traded stock data historically , the expected volatility for options granted during 2007 was primarily based on the average of the historical and implied volatility of a group of companies that management believed was generally comparable to mastercard .", "the expected dividend yields were based on the company 2019s expected annual dividend rate on the date of grant. ." ]

[ [ "", "2009", "2008", "2007" ], [ "Risk-free rate of return", "2.5%", "3.2%", "4.4%" ], [ "Expected term (in years)", "6.17", "6.25", "6.25" ], [ "Expected volatility", "41.7%", "37.9%", "30.9%" ], [ "Expected dividend yield", "0.4%", "0.3%", "0.6%" ], [ "Weighted-average fair value per option granted", "$71.03", "$78.54", "$41.03" ] ]

[ [ "", "2009", "2008", "2007" ], [ "risk-free rate of return", "2.5% ( 2.5 % )", "3.2% ( 3.2 % )", "4.4% ( 4.4 % )" ], [ "expected term ( in years )", "6.17", "6.25", "6.25" ], [ "expected volatility", "41.7% ( 41.7 % )", "37.9% ( 37.9 % )", "30.9% ( 30.9 % )" ], [ "expected dividend yield", "0.4% ( 0.4 % )", "0.3% ( 0.3 % )", "0.6% ( 0.6 % )" ], [ "weighted-average fair value per option granted", "$ 71.03", "$ 78.54", "$ 41.03" ] ]

[]

[ "credit facilities as our bermuda subsidiaries are not admitted insurers and reinsurers in the u.s. , the terms of certain u.s .", "insurance and reinsurance contracts require them to provide collateral , which can be in the form of locs .", "in addition , ace global markets is required to satisfy certain u.s .", "regulatory trust fund requirements which can be met by the issuance of locs .", "locs may also be used for general corporate purposes and to provide underwriting capacity as funds at lloyd 2019s .", "the following table shows our main credit facilities by credit line , usage , and expiry date at december 31 , 2010 .", "( in millions of u.s .", "dollars ) credit line ( 1 ) usage expiry date ." ]

[ "( 1 ) certain facilities are guaranteed by operating subsidiaries and/or ace limited .", "( 2 ) may also be used for locs .", "( 3 ) supports ace global markets underwriting capacity for lloyd 2019s syndicate 2488 ( see discussion below ) .", "in november 2010 , we entered into four letter of credit facility agreements which collectively permit the issuance of up to $ 400 million of letters of credit .", "we expect that most of the locs issued under the loc agreements will be used to support the ongoing funds at lloyd 2019s requirements of syndicate 2488 , but locs may also be used for other general corporate purposes .", "it is anticipated that our commercial facilities will be renewed on expiry but such renewals are subject to the availability of credit from banks utilized by ace .", "in the event that such credit support is insufficient , we could be required to provide alter- native security to clients .", "this could take the form of additional insurance trusts supported by our investment portfolio or funds withheld using our cash resources .", "the value of letters of credit required is driven by , among other things , statutory liabilities reported by variable annuity guarantee reinsurance clients , loss development of existing reserves , the payment pattern of such reserves , the expansion of business , and loss experience of such business .", "the facilities in the table above require that we maintain certain covenants , all of which have been met at december 31 , 2010 .", "these covenants include : ( i ) maintenance of a minimum consolidated net worth in an amount not less than the 201cminimum amount 201d .", "for the purpose of this calculation , the minimum amount is an amount equal to the sum of the base amount ( currently $ 13.8 billion ) plus 25 percent of consolidated net income for each fiscal quarter , ending after the date on which the current base amount became effective , plus 50 percent of any increase in consolidated net worth during the same period , attributable to the issuance of common and preferred shares .", "the minimum amount is subject to an annual reset provision .", "( ii ) maintenance of a maximum debt to total capitalization ratio of not greater than 0.35 to 1 .", "under this covenant , debt does not include trust preferred securities or mezzanine equity , except where the ratio of the sum of trust preferred securities and mezzanine equity to total capitalization is greater than 15 percent .", "in this circumstance , the amount greater than 15 percent would be included in the debt to total capitalization ratio .", "at december 31 , 2010 , ( a ) the minimum consolidated net worth requirement under the covenant described in ( i ) above was $ 14.5 billion and our actual consolidated net worth as calculated under that covenant was $ 21.6 billion and ( b ) our ratio of debt to total capitalization was 0.167 to 1 , which is below the maximum debt to total capitalization ratio of 0.35 to 1 as described in ( ii ) above .", "our failure to comply with the covenants under any credit facility would , subject to grace periods in the case of certain covenants , result in an event of default .", "this could require us to repay any outstanding borrowings or to cash collateralize locs under such facility .", "a failure by ace limited ( or any of its subsidiaries ) to pay an obligation due for an amount exceeding $ 50 million would result in an event of default under all of the facilities described above .", "ratings ace limited and its subsidiaries are assigned debt and financial strength ( insurance ) ratings from internationally recognized rating agencies , including s&p , a.m .", "best , moody 2019s investors service , and fitch .", "the ratings issued on our companies by these agencies are announced publicly and are available directly from the agencies .", "our internet site , www.acegroup.com ." ]

[ [ "(in millions of U.S. dollars)", "CreditLine⁽¹⁾", "Usage", "Expiry Date" ], [ "Syndicated Letter of Credit Facility", "$1,000", "$574", "Nov. 2012" ], [ "Revolving Credit/LOC Facility⁽²⁾", "500", "370", "Nov. 2012" ], [ "Bilateral Letter of Credit Facility", "500", "500", "Sept. 2014" ], [ "Funds at Lloyds’s Capital Facilities⁽³⁾", "400", "340", "Dec. 2015" ], [ "Total", "$2,400", "$1,784", "" ] ]

[ [ "( in millions of u.s . dollars )", "creditline ( 1 )", "usage", "expiry date" ], [ "syndicated letter of credit facility", "$ 1000", "$ 574", "nov . 2012" ], [ "revolving credit/loc facility ( 2 )", "500", "370", "nov . 2012" ], [ "bilateral letter of credit facility", "500", "500", "sept . 2014" ], [ "funds at lloyds 2019s capital facilities ( 3 )", "400", "340", "dec . 2015" ], [ "total", "$ 2400", "$ 1784", "" ] ]

[]

[ "item 2 .", "properties .", "we conduct our primary operations at the owned and leased facilities described below .", "location operations conducted approximate square feet expiration new haven , connecticut corporate headquarters and executive , sales , research and development offices 514000 ." ]

[ "we believe that our administrative office space is adequate to meet our needs for the foreseeable future .", "we also believe that our research and development facilities and our manufacturing facility , together with third party manufacturing facilities , will be adequate for our on-going activities .", "in addition to the locations above , we also lease space in other u.s .", "locations and in foreign countries to support our operations as a global organization .", "as of december 31 , 2015 , we also leased approximately 254000 square feet in cheshire , connecticut , which was the previous location of our corporate headquarters and executive , sales , research and development offices .", "in december 2015 , we entered into an early termination of this lease and will occupy this space through may 2016 .", "in april 2014 , we purchased a fill/finish facility in athlone , ireland .", "following refurbishment of the facility , and after successful completion of the appropriate validation processes and regulatory approvals , the facility will become our first company-owned fill/finish and packaging facility for our commercial and clinical products .", "in may 2015 , we announced plans to construct a new biologics manufacturing facility on our existing property in dublin ireland , which is expected to be completed by 2020 .", "item 3 .", "legal proceedings .", "in may 2015 , we received a subpoena in connection with an investigation by the enforcement division of the sec requesting information related to our grant-making activities and compliance with the fcpa in various countries .", "the sec also seeks information related to alexion 2019s recalls of specific lots of soliris and related securities disclosures .", "in addition , in october 2015 , alexion received a request from the doj for the voluntary production of documents and other information pertaining to alexion's compliance with the fcpa .", "alexion is cooperating with these investigations .", "at this time , alexion is unable to predict the duration , scope or outcome of these investigations .", "given the ongoing nature of these investigations , management does not currently believe a loss related to these matters is probable or that the potential magnitude of such loss or range of loss , if any , can be reasonably estimated .", "item 4 .", "mine safety disclosures .", "not applicable. ." ]

[ [ "Location", "Operations Conducted", "ApproximateSquare Feet", "LeaseExpirationDates" ], [ "New Haven, Connecticut", "Corporate headquarters and executive, sales, research and development offices", "514,000", "2030" ], [ "Dublin, Ireland", "Global supply chain, distribution, and administration offices", "215,000", "Owned" ], [ "Lexington, Massachusetts", "Research and development offices", "81,000", "2019" ], [ "Bogart, Georgia", "Commercial, research and development manufacturing", "70,000", "2024" ], [ "Smithfield, Rhode Island", "Commercial, research and development manufacturing", "67,000", "Owned" ], [ "Zurich, Switzerland", "Regional executive and sales offices", "69,000", "2025" ] ]

[ [ "location", "operations conducted", "approximatesquare feet", "leaseexpirationdates" ], [ "new haven connecticut", "corporate headquarters and executive sales research and development offices", "514000", "2030" ], [ "dublin ireland", "global supply chain distribution and administration offices", "215000", "owned" ], [ "lexington massachusetts", "research and development offices", "81000", "2019" ], [ "bogart georgia", "commercial research and development manufacturing", "70000", "2024" ], [ "smithfield rhode island", "commercial research and development manufacturing", "67000", "owned" ], [ "zurich switzerland", "regional executive and sales offices", "69000", "2025" ] ]

[ { "arg1": "514000", "arg2": "81000", "op": "add2-1", "res": "595000" }, { "arg1": "#0", "arg2": "70000", "op": "add2-2", "res": "665000" }, { "arg1": "#1", "arg2": "69000", "op": "add2-3", "res": "734000" } ]

[ "class a ordinary shares of aon plc are , at present , eligible for deposit and clearing within the dtc system .", "in connection with the closing of the merger , we entered into arrangements with dtc whereby we agreed to indemnify dtc for any stamp duty and/or sdrt that may be assessed upon it as a result of its service as a depository and clearing agency for our class a ordinary shares .", "in addition , we have obtained a ruling from hmrc in respect of the stamp duty and sdrt consequences of the reorganization , and sdrt has been paid in accordance with the terms of this ruling in respect of the deposit of class a ordinary shares with the initial depository .", "dtc will generally have discretion to cease to act as a depository and clearing agency for the class a ordinary shares .", "if dtc determines at any time that the class a ordinary shares are not eligible for continued deposit and clearance within its facilities , then we believe the class a ordinary shares would not be eligible for continued listing on a u.s .", "securities exchange or inclusion in the s&p 500 and trading in the class a ordinary shares would be disrupted .", "while we would pursue alternative arrangements to preserve our listing and maintain trading , any such disruption could have a material adverse effect on the trading price of the class a ordinary shares .", "item 1b .", "unresolved staff comments .", "item 2 .", "properties .", "we have offices in various locations throughout the world .", "substantially all of our offices are located in leased premises .", "we maintain our corporate headquarters at 8 devonshire square , london , england , where we occupy approximately 225000 square feet of space under an operating lease agreement that expires in 2018 .", "we own one building at pallbergweg 2-4 , amsterdam , the netherlands ( 150000 square feet ) .", "the following are additional significant leased properties , along with the occupied square footage and expiration .", "property : occupied square footage expiration ." ]

[ "the locations in lincolnshire , illinois , the woodlands , texas , gurgaon , india , orlando , florida , and charlotte , north carolina , each of which were acquired as part of the hewitt acquisition in 2010 , are primarily dedicated to our hr solutions segment .", "the other locations listed above house personnel from both of our reportable segments .", "in november 2011 , aon entered into an agreement to lease 190000 square feet in a new building to be constructed in london , united kingdom .", "the agreement is contingent upon the completion of the building construction .", "aon expects to move into the new building in 2015 when it exercises an early break option at the devonshire square location .", "in september 2013 , aon entered into an agreement to lease up to 479000 square feet in a new building to be constructed in gurgaon , india .", "the agreement is contingent upon the completion of the building construction .", "aon expects to move into the new building in phases during 2014 and 2015 upon the expiration of the existing leases at the gurgaon locations .", "in general , no difficulty is anticipated in negotiating renewals as leases expire or in finding other satisfactory space if the premises become unavailable .", "we believe that the facilities we currently occupy are adequate for the purposes for which they are being used and are well maintained .", "in certain circumstances , we may have unused space and may seek to sublet such space to third parties , depending upon the demands for office space in the locations involved .", "see note 9 \"lease commitments\" of the notes to consolidated financial statements in part ii , item 8 of this report for information with respect to our lease commitments as of december 31 , 2013 .", "item 3 .", "legal proceedings .", "we hereby incorporate by reference note 16 \"commitments and contingencies\" of the notes to consolidated financial statements in part ii , item 8 of this report. ." ]

[ [ "Property:", "OccupiedSquare Footage", "LeaseExpiration Dates" ], [ "4 Overlook Point and other locations, Lincolnshire, Illinois", "1,224,000", "2017 – 2024" ], [ "2601 Research Forest Drive, The Woodlands, Texas", "414,000", "2020" ], [ "DLF City and Unitech Cyber Park, Gurgaon, India", "413,000", "2014 – 2015" ], [ "200 E. Randolph Street, Chicago, Illinois", "396,000", "2028" ], [ "2300 Discovery Drive, Orlando, Florida", "364,000", "2020" ], [ "199 Water Street, New York, New York", "319,000", "2018" ], [ "7201 Hewitt Associates Drive, Charlotte, North Carolina", "218,000", "2015" ] ]

[ [ "property:", "occupiedsquare footage", "leaseexpiration dates" ], [ "4 overlook point and other locations lincolnshire illinois", "1224000", "2017 2013 2024" ], [ "2601 research forest drive the woodlands texas", "414000", "2020" ], [ "dlf city and unitech cyber park gurgaon india", "413000", "2014 2013 2015" ], [ "200 e . randolph street chicago illinois", "396000", "2028" ], [ "2300 discovery drive orlando florida", "364000", "2020" ], [ "199 water street new york new york", "319000", "2018" ], [ "7201 hewitt associates drive charlotte north carolina", "218000", "2015" ] ]

[]

[ "marathon oil corporation notes to consolidated financial statements ( f ) this sale-leaseback financing arrangement relates to a lease of a slab caster at united states steel 2019s fairfield works facility in alabama .", "we are the primary obligor under this lease .", "under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease .", "this lease is an amortizing financing with a final maturity of 2012 , subject to additional extensions .", "( g ) this obligation relates to a lease of equipment at united states steel 2019s clairton works cokemaking facility in pennsylvania .", "we are the primary obligor under this lease .", "under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease .", "this lease is an amortizing financing with a final maturity of 2012 .", "( h ) marathon oil canada corporation had an 805 million canadian dollar revolving term credit facility which was secured by substantially all of marathon oil canada corporation 2019s assets and included certain financial covenants , including leverage and interest coverage ratios .", "in february 2008 , the outstanding balance was repaid and the facility was terminated .", "( i ) these notes are senior secured notes of marathon oil canada corporation .", "the notes were secured by substantially all of marathon oil canada corporation 2019s assets .", "in january 2008 , we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes .", "( j ) these obligations as of december 31 , 2008 include $ 126 million related to assets under construction at that date for which capital leases or sale-leaseback financings will commence upon completion of construction .", "the amounts currently reported are based upon the percent of construction completed as of december 31 , 2008 and therefore do not reflect future minimum lease obligations of $ 209 million .", "( k ) payments of long-term debt for the years 2009 2013 2013 are $ 99 million , $ 98 million , $ 257 million , $ 1487 million and $ 279 million .", "of these amounts , payments assumed by united states steel are $ 15 million , $ 17 million , $ 161 million , $ 19 million and zero .", "( l ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 669 million at december 31 , 2008 , may be declared immediately due and payable .", "( m ) see note 17 for information on interest rate swaps .", "on february 17 , 2009 , we issued $ 700 million aggregate principal amount of senior notes bearing interest at 6.5 percent with a maturity date of february 15 , 2014 and $ 800 million aggregate principal amount of senior notes bearing interest at 7.5 percent with a maturity date of february 15 , 2019 .", "interest on both issues is payable semi- annually beginning august 15 , 2009 .", "21 .", "asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2008 2007 ." ]

[ "asset retirement obligations as of december 31 ( b ) $ 965 $ 1134 ( a ) see note 7 for information related to our assets held for sale .", "( b ) includes asset retirement obligation of $ 2 and $ 3 million classified as short-term at december 31 , 2008 , and 2007. ." ]

[ [ "<i>(In millions)</i>", "2008", "2007" ], [ "Asset retirement obligations as of January 1", "$1,134", "$1,044" ], [ "Liabilities incurred, including acquisitions", "30", "60" ], [ "Liabilities settled", "(94)", "(10)" ], [ "Accretion expense (included in depreciation, depletion and amortization)", "66", "61" ], [ "Revisions to previous estimates", "24", "(17)" ], [ "Held for sale^(a)", "(195)", "–" ], [ "Deconsolidation of EGHoldings", "–", "(4)" ], [ "Asset retirement obligations as of December 31^(b)", "$965", "$1,134" ] ]

[ [ "( in millions )", "2008", "2007" ], [ "asset retirement obligations as of january 1", "$ 1134", "$ 1044" ], [ "liabilities incurred including acquisitions", "30", "60" ], [ "liabilities settled", "-94 ( 94 )", "-10 ( 10 )" ], [ "accretion expense ( included in depreciation depletion and amortization )", "66", "61" ], [ "revisions to previous estimates", "24", "-17 ( 17 )" ], [ "held for sale ( a )", "-195 ( 195 )", "2013" ], [ "deconsolidation of egholdings", "2013", "-4 ( 4 )" ], [ "asset retirement obligations as of december 31 ( b )", "$ 965", "$ 1134" ] ]

[ { "arg1": "1134", "arg2": "1044", "op": "minus2-1", "res": "90" }, { "arg1": "#0", "arg2": "1044", "op": "divide2-2", "res": "8.6%" } ]

[ "part iii item 10 .", "directors , executive officers and corporate governance the information required by this item is incorporated by reference to the 201celection of directors 201d section , the 201cdirector selection process 201d section , the 201ccode of conduct 201d section , the 201cprincipal committees of the board of directors 201d section , the 201caudit committee 201d section and the 201csection 16 ( a ) beneficial ownership reporting compliance 201d section of the proxy statement for the annual meeting of stockholders to be held on may 21 , 2015 ( the 201cproxy statement 201d ) , except for the description of our executive officers , which appears in part i of this report on form 10-k under the heading 201cexecutive officers of ipg . 201d new york stock exchange certification in 2014 , our chief executive officer provided the annual ceo certification to the new york stock exchange , as required under section 303a.12 ( a ) of the new york stock exchange listed company manual .", "item 11 .", "executive compensation the information required by this item is incorporated by reference to the 201cexecutive compensation 201d section , the 201cnon- management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation and leadership talent committee report 201d section of the proxy statement .", "item 12 .", "security ownership of certain beneficial owners and management and related stockholder matters the information required by this item is incorporated by reference to the 201coutstanding shares and ownership of common stock 201d section of the proxy statement , except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of december 31 , 2014 , which is provided in the following table .", "equity compensation plan information plan category number of shares of common stock to be issued upon exercise of outstanding options , warrants and rights ( a ) 123 weighted-average exercise price of outstanding stock options number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "15563666 9.70 41661517 equity compensation plans not approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "none 1 included a total of 5866475 performance-based share awards made under the 2009 and 2014 performance incentive plans representing the target number of shares of common stock to be issued to employees following the completion of the 2012-2014 performance period ( the 201c2014 ltip share awards 201d ) , the 2013-2015 performance period ( the 201c2015 ltip share awards 201d ) and the 2014-2016 performance period ( the 201c2016 ltip share awards 201d ) , respectively .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2014 ltip share awards , the 2015 ltip share awards or the 2016 ltip share awards into account .", "2 included a total of 98877 restricted share units and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares of common stock or cash .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the share unit awards into account .", "each share unit award actually settled in cash will increase the number of shares of common stock available for issuance shown in column ( c ) .", "3 ipg has issued restricted cash awards ( 201cperformance cash awards 201d ) , half of which shall be settled in shares of common stock and half of which shall be settled in cash .", "using the 2014 closing stock price of $ 20.77 , the awards which shall be settled in shares of common stock represent rights to an additional 2721405 shares .", "these shares are not included in the table above .", "4 included ( i ) 29045044 shares of common stock available for issuance under the 2014 performance incentive plan , ( ii ) 12181214 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 435259 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan. ." ]

[ "part iii item 10 .", "directors , executive officers and corporate governance the information required by this item is incorporated by reference to the 201celection of directors 201d section , the 201cdirector selection process 201d section , the 201ccode of conduct 201d section , the 201cprincipal committees of the board of directors 201d section , the 201caudit committee 201d section and the 201csection 16 ( a ) beneficial ownership reporting compliance 201d section of the proxy statement for the annual meeting of stockholders to be held on may 21 , 2015 ( the 201cproxy statement 201d ) , except for the description of our executive officers , which appears in part i of this report on form 10-k under the heading 201cexecutive officers of ipg . 201d new york stock exchange certification in 2014 , our chief executive officer provided the annual ceo certification to the new york stock exchange , as required under section 303a.12 ( a ) of the new york stock exchange listed company manual .", "item 11 .", "executive compensation the information required by this item is incorporated by reference to the 201cexecutive compensation 201d section , the 201cnon- management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation and leadership talent committee report 201d section of the proxy statement .", "item 12 .", "security ownership of certain beneficial owners and management and related stockholder matters the information required by this item is incorporated by reference to the 201coutstanding shares and ownership of common stock 201d section of the proxy statement , except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of december 31 , 2014 , which is provided in the following table .", "equity compensation plan information plan category number of shares of common stock to be issued upon exercise of outstanding options , warrants and rights ( a ) 123 weighted-average exercise price of outstanding stock options number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "15563666 9.70 41661517 equity compensation plans not approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "none 1 included a total of 5866475 performance-based share awards made under the 2009 and 2014 performance incentive plans representing the target number of shares of common stock to be issued to employees following the completion of the 2012-2014 performance period ( the 201c2014 ltip share awards 201d ) , the 2013-2015 performance period ( the 201c2015 ltip share awards 201d ) and the 2014-2016 performance period ( the 201c2016 ltip share awards 201d ) , respectively .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2014 ltip share awards , the 2015 ltip share awards or the 2016 ltip share awards into account .", "2 included a total of 98877 restricted share units and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares of common stock or cash .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the share unit awards into account .", "each share unit award actually settled in cash will increase the number of shares of common stock available for issuance shown in column ( c ) .", "3 ipg has issued restricted cash awards ( 201cperformance cash awards 201d ) , half of which shall be settled in shares of common stock and half of which shall be settled in cash .", "using the 2014 closing stock price of $ 20.77 , the awards which shall be settled in shares of common stock represent rights to an additional 2721405 shares .", "these shares are not included in the table above .", "4 included ( i ) 29045044 shares of common stock available for issuance under the 2014 performance incentive plan , ( ii ) 12181214 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 435259 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan. ." ]

[ [ "Plan Category", "Number of Shares of Common Stock to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a)^1,2,3", "Weighted-Average Exercise Price of Outstanding Stock Options (b)", "Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a))(c)⁴" ], [ "Equity Compensation Plans Approved by Security Holders", "15,563,666", "9.70", "41,661,517" ], [ "Equity Compensation Plans Not Approved by Security Holders", "None", "", "" ] ]

[ [ "plan category", "number of shares of common stock to be issued upon exercise of outstanding options warrants and rights ( a ) 123", "weighted-average exercise price of outstanding stock options ( b )", "number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) 4" ], [ "equity compensation plans approved by security holders", "15563666", "9.70", "41661517" ], [ "equity compensation plans not approved by security holders", "none", "", "" ] ]

[]

[ "the company consolidates the assets and liabilities of several entities from which it leases office buildings and corporate aircraft .", "these entities have been determined to be variable interest entities and the company has been determined to be the primary beneficiary of these entities .", "due to the consolidation of these entities , the company reflects in its balance sheet : property , plant and equipment of $ 156 million and $ 183 million , other assets of $ 14 million and $ 12 million , long-term debt of $ 150 million ( including current maturities of $ 6 million ) and $ 192 million ( including current maturities of $ 8 million ) , minority interest liabilities of $ 22 million and $ 6 million , and other accrued liabilities of $ 1 million and $ 0 , as of may 27 , 2007 and may 28 , 2006 , respectively .", "the liabilities recognized as a result of consolidating these entities do not represent additional claims on the general assets of the company .", "the creditors of these entities have claims only on the assets of the specific variable interest entities .", "obligations and commitments as part of its ongoing operations , the company enters into arrangements that obligate the company to make future payments under contracts such as debt agreements , lease agreements , and unconditional purchase obligations ( i.e. , obligations to transfer funds in the future for fixed or minimum quantities of goods or services at fixed or minimum prices , such as 201ctake-or-pay 201d contracts ) .", "the unconditional purchase obligation arrangements are entered into by the company in its normal course of business in order to ensure adequate levels of sourced product are available to the company .", "capital lease and debt obligations , which totaled $ 3.6 billion at may 27 , 2007 , are currently recognized as liabilities in the company 2019s consolidated balance sheet .", "operating lease obligations and unconditional purchase obligations , which totaled $ 645 million at may 27 , 2007 , are not recognized as liabilities in the company 2019s consolidated balance sheet , in accordance with generally accepted accounting principles .", "a summary of the company 2019s contractual obligations at the end of fiscal 2007 is as follows ( including obligations of discontinued operations ) : ." ]

[ "the company 2019s total obligations of approximately $ 4.2 billion reflect a decrease of approximately $ 237 million from the company 2019s 2006 fiscal year-end .", "the decrease was due primarily to a reduction of lease obligations in connection with the sale of the packaged meats operations .", "the company is also contractually obligated to pay interest on its long-term debt obligations .", "the weighted average interest rate of the long-term debt obligations outstanding as of may 27 , 2007 was approximately 7.2%. ." ]

[ [ "($ in millions)", "Payments Due by Period" ], [ "Contractual Obligations", "Total", "Less than 1 Year", "1-3 Years", "3-5 Years", "After 5 Years" ], [ "Long-Term Debt", "$3,575.4", "$18.2", "$48.5", "$1,226.9", "$2,281.8" ], [ "Lease Obligations", "456.6", "79.4", "137.3", "92.4", "147.5" ], [ "Purchase Obligations", "188.4", "57.5", "69.0", "59.0", "2.9" ], [ "Total", "$4,220.4", "$155.1", "$254.8", "$1,378.3", "$2,432.2" ] ]

[ [ "( $ in millions ) contractual obligations", "( $ in millions ) total", "( $ in millions ) less than 1 year", "( $ in millions ) 1-3 years", "( $ in millions ) 3-5 years", "after 5 years" ], [ "long-term debt", "$ 3575.4", "$ 18.2", "$ 48.5", "$ 1226.9", "$ 2281.8" ], [ "lease obligations", "456.6", "79.4", "137.3", "92.4", "147.5" ], [ "purchase obligations", "188.4", "57.5", "69.0", "59.0", "2.9" ], [ "total", "$ 4220.4", "$ 155.1", "$ 254.8", "$ 1378.3", "$ 2432.2" ] ]

[]

[ "tax benefits recognized for stock-based compensation during the years ended december 31 , 2011 , 2010 and 2009 , were $ 16 million , $ 6 million and $ 5 million , respectively .", "the amount of northrop grumman shares issued before the spin-off to satisfy stock-based compensation awards are recorded by northrop grumman and , accordingly , are not reflected in hii 2019s consolidated financial statements .", "the company realized tax benefits during the year ended december 31 , 2011 , of $ 2 million from the exercise of stock options and $ 10 million from the issuance of stock in settlement of rpsrs and rsrs .", "unrecognized compensation expense at december 31 , 2011 there was $ 1 million of unrecognized compensation expense related to unvested stock option awards , which will be recognized over a weighted average period of 1.1 years .", "in addition , at december 31 , 2011 , there was $ 19 million of unrecognized compensation expense associated with the 2011 rsrs , which will be recognized over a period of 2.2 years ; $ 10 million of unrecognized compensation expense associated with the rpsrs converted as part of the spin-off , which will be recognized over a weighted average period of one year ; and $ 18 million of unrecognized compensation expense associated with the 2011 rpsrs which will be recognized over a period of 2.0 years .", "stock options the compensation expense for the outstanding converted stock options was determined at the time of grant by northrop grumman .", "there were no additional options granted during the year ended december 31 , 2011 .", "the fair value of the stock option awards is expensed on a straight-line basis over the vesting period of the options .", "the fair value of each of the stock option award was estimated on the date of grant using a black-scholes option pricing model based on the following assumptions : dividend yield 2014the dividend yield was based on northrop grumman 2019s historical dividend yield level .", "volatility 2014expected volatility was based on the average of the implied volatility from traded options and the historical volatility of northrop grumman 2019s stock .", "risk-free interest rate 2014the risk-free rate for periods within the contractual life of the stock option award was based on the yield curve of a zero-coupon u.s .", "treasury bond on the date the award was granted with a maturity equal to the expected term of the award .", "expected term 2014the expected term of awards granted was derived from historical experience and represents the period of time that awards granted are expected to be outstanding .", "a stratification of expected terms based on employee populations ( executive and non-executive ) was considered in the analysis .", "the following significant weighted-average assumptions were used to value stock options granted during the years ended december 31 , 2010 and 2009: ." ]

[ "the weighted-average grant date fair value of stock options granted during the years ended december 31 , 2010 and 2009 , was $ 11 and $ 7 , per share , respectively. ." ]

[ [ "", "2010", "2009" ], [ "Dividend yield", "2.9%", "3.6%" ], [ "Volatility Rate", "25%", "25%" ], [ "Risk-free interest rate", "2.3%", "1.7%" ], [ "Expected option life (years)", "6", "5 & 6" ] ]

[ [ "", "2010", "2009" ], [ "dividend yield", "2.9% ( 2.9 % )", "3.6% ( 3.6 % )" ], [ "volatility rate", "25% ( 25 % )", "25% ( 25 % )" ], [ "risk-free interest rate", "2.3% ( 2.3 % )", "1.7% ( 1.7 % )" ], [ "expected option life ( years )", "6", "5 & 6" ] ]

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[ "performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .", "the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .", "date pmi pmi compensation survey group ( 12 ) s&p 500 index ." ]

[ "( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .", "( 2 ) on october 1 , 2012 , international , inc .", "( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .", "( nasdaq : krft ) .", "international , inc .", "was retained in the pmi compensation survey group index because of its global footprint .", "the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .", "and kraft foods group , inc .", "on october 2 , 2012 .", "note : figures are rounded to the nearest $ 0.10. ." ]

[ [ "Date", "PMI", "PMI Compensation Survey Group^(1,2)", "S&P 500 Index" ], [ "December 31, 2010", "$100.00", "$100.00", "$100.00" ], [ "December 31, 2011", "$139.80", "$114.10", "$102.10" ], [ "December 31, 2012", "$154.60", "$128.00", "$118.50" ], [ "December 31, 2013", "$167.70", "$163.60", "$156.80" ], [ "December 31, 2014", "$164.20", "$170.10", "$178.30" ], [ "December 31, 2015", "$186.20", "$179.20", "$180.80" ] ]

[ [ "date", "pmi", "pmi compensation survey group ( 12 )", "s&p 500 index" ], [ "december 31 2010", "$ 100.00", "$ 100.00", "$ 100.00" ], [ "december 31 2011", "$ 139.80", "$ 114.10", "$ 102.10" ], [ "december 31 2012", "$ 154.60", "$ 128.00", "$ 118.50" ], [ "december 31 2013", "$ 167.70", "$ 163.60", "$ 156.80" ], [ "december 31 2014", "$ 164.20", "$ 170.10", "$ 178.30" ], [ "december 31 2015", "$ 186.20", "$ 179.20", "$ 180.80" ] ]

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[ "part i item 1 entergy corporation , utility operating companies , and system energy louisiana parishes in which it holds non-exclusive franchises .", "entergy louisiana's electric franchises expire during 2009-2036 .", "entergy mississippi has received from the mpsc certificates of public convenience and necessity to provide electric service to areas within 45 counties , including a number of municipalities , in western mississippi .", "under mississippi statutory law , such certificates are exclusive .", "entergy mississippi may continue to serve in such municipalities upon payment of a statutory franchise fee , regardless of whether an original municipal franchise is still in existence .", "entergy new orleans provides electric and gas service in the city of new orleans pursuant to city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) .", "these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans' electric and gas utility properties .", "entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 24 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 65 incorporated municipalities .", "entergy texas typically is granted 50-year franchises .", "entergy texas' electric franchises expire during 2009-2045 .", "the business of system energy is limited to wholesale power sales .", "it has no distribution franchises .", "property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2008 , is indicated below: ." ]

[ "( 1 ) \"owned and leased capability\" is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize .", "the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections .", "these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy .", "summer peak load in the entergy system service territory has averaged 21039 mw from 2002-2008 .", "due to changing use patterns , peak load growth has nearly flattened while annual energy use continues to grow .", "in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands .", "in this time period entergy met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market .", "in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing ." ]

[ [ "", "Owned and Leased Capability MW(1)" ], [ "Company", "Total", "Gas/Oil", "Nuclear", "Coal", "Hydro" ], [ "Entergy Arkansas", "4,999", "1,883", "1,839", "1,207", "70" ], [ "Entergy Gulf States Louisiana", "3,574", "2,240", "971", "363", "-" ], [ "Entergy Louisiana", "5,854", "4,685", "1,169", "-", "-" ], [ "Entergy Mississippi", "3,224", "2,804", "-", "420", "-" ], [ "Entergy New Orleans", "745", "745", "-", "-", "-" ], [ "Entergy Texas", "2,543", "2,274", "-", "269", "-" ], [ "System Energy", "1,139", "-", "1,139", "-", "-" ], [ "Total", "22,078", "14,631", "5,118", "2,259", "70" ] ]

[ [ "company", "owned and leased capability mw ( 1 ) total", "owned and leased capability mw ( 1 ) gas/oil", "owned and leased capability mw ( 1 ) nuclear", "owned and leased capability mw ( 1 ) coal", "owned and leased capability mw ( 1 ) hydro" ], [ "entergy arkansas", "4999", "1883", "1839", "1207", "70" ], [ "entergy gulf states louisiana", "3574", "2240", "971", "363", "-" ], [ "entergy louisiana", "5854", "4685", "1169", "-", "-" ], [ "entergy mississippi", "3224", "2804", "-", "420", "-" ], [ "entergy new orleans", "745", "745", "-", "-", "-" ], [ "entergy texas", "2543", "2274", "-", "269", "-" ], [ "system energy", "1139", "-", "1139", "-", "-" ], [ "total", "22078", "14631", "5118", "2259", "70" ] ]

[]

[ "performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2012 through october 29 , 2017 .", "this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period .", "the comparison assumes $ 100 was invested on october 28 , 2012 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any .", "dollar amounts in the graph are rounded to the nearest whole dollar .", "the performance shown in the graph represents past performance and should not be considered an indication of future performance .", "comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/28/12 in stock or 10/31/12 in index , including reinvestment of dividends .", "indexes calculated on month-end basis .", "copyright a9 2017 standard & poor 2019s , a division of s&p global .", "all rights reserved. ." ]

[ "dividends during each of fiscal 2017 , 2016 and 2015 , applied 2019s board of directors declared four quarterly cash dividends in the amount of $ 0.10 per share .", "applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders .", "10/28/12 10/27/13 10/26/14 10/25/15 10/30/16 10/29/17 applied materials , inc .", "s&p 500 rdg semiconductor composite ." ]

[ [ "", "10/28/2012", "10/27/2013", "10/26/2014", "10/25/2015", "10/30/2016", "10/29/2017" ], [ "Applied Materials", "100.00", "171.03", "207.01", "165.34", "293.64", "586.91" ], [ "S&P 500 Index", "100.00", "127.18", "149.14", "156.89", "163.97", "202.72" ], [ "RDG Semiconductor Composite Index", "100.00", "131.94", "167.25", "160.80", "193.36", "288.96" ] ]

[ [ "", "10/28/2012", "10/27/2013", "10/26/2014", "10/25/2015", "10/30/2016", "10/29/2017" ], [ "applied materials", "100.00", "171.03", "207.01", "165.34", "293.64", "586.91" ], [ "s&p 500 index", "100.00", "127.18", "149.14", "156.89", "163.97", "202.72" ], [ "rdg semiconductor composite index", "100.00", "131.94", "167.25", "160.80", "193.36", "288.96" ] ]

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[ "92 | 2017 form 10-k finite-lived intangible assets are amortized over their estimated useful lives and tested for impairment if events or changes in circumstances indicate that the asset may be impaired .", "in 2016 , gross customer relationship intangibles of $ 96 million and related accumulated amortization of $ 27 million as well as gross intellectual property intangibles of $ 111 million and related accumulated amortization of $ 48 million from the resource industries segment were impaired .", "the fair value of these intangibles was determined to be insignificant based on an income approach using expected cash flows .", "the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs .", "the total impairment of $ 132 million was a result of restructuring activities and is included in other operating ( income ) expense in statement 1 .", "see note 25 for information on restructuring costs .", "amortization expense related to intangible assets was $ 323 million , $ 326 million and $ 337 million for 2017 , 2016 and 2015 , respectively .", "as of december 31 , 2017 , amortization expense related to intangible assets is expected to be : ( millions of dollars ) ." ]

[ "b .", "goodwill there were no goodwill impairments during 2017 or 2015 .", "our annual impairment tests completed in the fourth quarter of 2016 indicated the fair value of each reporting unit was substantially above its respective carrying value , including goodwill , with the exception of our surface mining & technology reporting unit .", "the surface mining & technology reporting unit , which primarily serves the mining industry , is a part of our resource industries segment .", "the goodwill assigned to this reporting unit is largely from our acquisition of bucyrus international , inc .", "in 2011 .", "its product portfolio includes large mining trucks , electric rope shovels , draglines , hydraulic shovels and related parts .", "in addition to equipment , surface mining & technology also develops and sells technology products and services to provide customer fleet management , equipment management analytics and autonomous machine capabilities .", "the annual impairment test completed in the fourth quarter of 2016 indicated that the fair value of surface mining & technology was below its carrying value requiring the second step of the goodwill impairment test process .", "the fair value of surface mining & technology was determined primarily using an income approach based on a discounted ten year cash flow .", "we assigned the fair value to surface mining & technology 2019s assets and liabilities using various valuation techniques that required assumptions about royalty rates , dealer attrition , technological obsolescence and discount rates .", "the resulting implied fair value of goodwill was below the carrying value .", "accordingly , we recognized a goodwill impairment charge of $ 595 million , which resulted in goodwill of $ 629 million remaining for surface mining & technology as of october 1 , 2016 .", "the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs .", "there was a $ 17 million tax benefit associated with this impairment charge. ." ]

[ [ "2018", "2019", "2020", "2021", "2022", "Thereafter" ], [ "$322", "$316", "$305", "$287", "$268", "$613" ] ]

[ [ "2018", "2019", "2020", "2021", "2022", "thereafter" ], [ "$ 322", "$ 316", "$ 305", "$ 287", "$ 268", "$ 613" ] ]

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[ "million excluding a gain on a bargain purchase price adjustment on the acquisition of a majority share of our operations in turkey and restructuring costs ) compared with $ 53 million ( $ 72 million excluding restructuring costs ) in 2012 and $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our then joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 .", "sales volumes in 2013 were higher than in 2012 reflecting strong demand for packaging in the agricultural markets in morocco and turkey .", "in europe , sales volumes decreased slightly due to continuing weak demand for packaging in the industrial markets , and lower demand for packaging in the agricultural markets resulting from poor weather conditions .", "average sales margins were significantly lower due to input costs for containerboard rising ahead of box sales price increases .", "other input costs were also higher , primarily for energy .", "operating profits in 2013 and 2012 included net gains of $ 13 million and $ 10 million , respectively , for insurance settlements and italian government grants , partially offset by additional operating costs , related to the earthquakes in northern italy in may 2012 which affected our san felice box plant .", "entering the first quarter of 2014 , sales volumes are expected to increase slightly reflecting higher demand for packaging in the industrial markets .", "average sales margins are expected to gradually improve as a result of slight reductions in material costs and planned box price increases .", "other input costs should be about flat .", "brazilian industrial packaging includes the results of orsa international paper embalagens s.a. , a corrugated packaging producer in which international paper acquired a 75% ( 75 % ) share in january 2013 .", "net sales were $ 335 million in 2013 .", "operating profits in 2013 were a loss of $ 2 million ( a gain of $ 2 million excluding acquisition and integration costs ) .", "looking ahead to the first quarter of 2014 , sales volumes are expected to be seasonally lower than in the fourth quarter of 2013 .", "average sales margins should improve reflecting the partial implementation of an announced sales price increase and a more favorable product mix .", "operating costs and input costs are expected to be lower .", "asian industrial packaging net sales were $ 400 million in 2013 compared with $ 400 million in 2012 and $ 410 million in 2011 .", "operating profits for the packaging operations were a loss of $ 5 million in 2013 ( a loss of $ 1 million excluding restructuring costs ) compared with gains of $ 2 million in 2012 and $ 2 million in 2011 .", "operating profits were favorably impacted in 2013 by higher average sales margins and slightly higher sales volumes compared with 2012 , but these benefits were offset by higher operating costs .", "looking ahead to the first quarter of 2014 , sales volumes and average sales margins are expected to be seasonally soft .", "net sales for the distribution operations were $ 285 million in 2013 compared with $ 260 million in 2012 and $ 285 million in 2011 .", "operating profits were $ 3 million in 2013 , 2012 and 2011 .", "printing papers demand for printing papers products is closely correlated with changes in commercial printing and advertising activity , direct mail volumes and , for uncoated cut-size products , with changes in white- collar employment levels that affect the usage of copy and laser printer paper .", "pulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions .", "principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs .", "printing papers net sales for 2013 were about flat with both 2012 and 2011 .", "operating profits in 2013 were 55% ( 55 % ) lower than in 2012 and 69% ( 69 % ) lower than in 2011 .", "excluding facility closure costs and impairment costs , operating profits in 2013 were 15% ( 15 % ) lower than in 2012 and 40% ( 40 % ) lower than in 2011 .", "benefits from lower operating costs ( $ 81 million ) and lower maintenance outage costs ( $ 17 million ) were more than offset by lower average sales price realizations ( $ 38 million ) , lower sales volumes ( $ 14 million ) , higher input costs ( $ 99 million ) and higher other costs ( $ 34 million ) .", "in addition , operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill .", "during 2013 , the company accelerated depreciation for certain courtland assets , and diligently evaluated certain other assets for possible alternative uses by one of our other businesses .", "the net book value of these assets at december 31 , 2013 was approximately $ 470 million .", "during 2014 , we have continued our evaluation and expect to conclude as to any uses for these assets during the first quarter of 2014 .", "operating profits also included a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .", "operating profits in 2011 included a $ 24 million gain related to the announced repurposing of our franklin , virginia mill to produce fluff pulp and an $ 11 million impairment charge related to our inverurie , scotland mill that was closed in 2009 .", "printing papers ." ]

[ "north american printing papers net sales were $ 2.6 billion in 2013 , $ 2.7 billion in 2012 and $ 2.8 billion in 2011. ." ]

[ [ "In millions", "2013", "2012", "2011" ], [ "Sales", "$6,205", "$6,230", "$6,215" ], [ "Operating Profit", "271", "599", "872" ] ]

[ [ "in millions", "2013", "2012", "2011" ], [ "sales", "$ 6205", "$ 6230", "$ 6215" ], [ "operating profit", "271", "599", "872" ] ]

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[ "notes to the audited consolidated financial statements director stock compensation subplan eastman's 2018 director stock compensation subplan ( \"directors' subplan\" ) , a component of the 2017 omnibus plan , remains in effect until terminated by the board of directors or the earlier termination of the 2017 omnibus plan .", "the directors' subplan provides for structured awards of restricted shares to non-employee members of the board of directors .", "restricted shares awarded under the directors' subplan are subject to the same terms and conditions of the 2017 omnibus plan .", "the directors' subplan does not constitute a separate source of shares for grant of equity awards and all shares awarded are part of the 10 million shares authorized under the 2017 omnibus plan .", "shares of restricted stock are granted on the first day of a non- employee director's initial term of service and shares of restricted stock are granted each year to each non-employee director on the date of the annual meeting of stockholders .", "it has been the company's practice to issue new shares rather than treasury shares for equity awards for compensation plans , including the 2017 omnibus plan and the directors' subplan , that require settlement by the issuance of common stock and to withhold or accept back shares awarded to cover the related income tax obligations of employee participants .", "shares of unrestricted common stock owned by non-employee directors are not eligible to be withheld or acquired to satisfy the withholding obligation related to their income taxes .", "shares of unrestricted common stock owned by specified senior management level employees are accepted by the company to pay the exercise price of stock options in accordance with the terms and conditions of their awards .", "compensation expense for 2018 , 2017 , and 2016 , total share-based compensation expense ( before tax ) of approximately $ 64 million , $ 52 million , and $ 36 million , respectively , was recognized in \"selling , general and administrative expense\" in the consolidated statements of earnings , comprehensive income and retained earnings for all share-based awards of which approximately $ 9 million , $ 8 million , and $ 7 million , respectively , related to stock options .", "the compensation expense is recognized over the substantive vesting period , which may be a shorter time period than the stated vesting period for qualifying termination eligible employees as defined in the forms of award notice .", "approximately $ 3 million for 2018 , and $ 2 million for both 2017 and 2016 , of stock option compensation expense was recognized each year due to qualifying termination eligibility preceding the requisite vesting period .", "stock option awards options have been granted on an annual basis to non-employee directors under the directors' subplan and predecessor plans and by the compensation and management development committee of the board of directors under the 2017 omnibus plan and predecessor plans to employees .", "option awards have an exercise price equal to the closing price of the company's stock on the date of grant .", "the term of options is 10 years with vesting periods that vary up to three years .", "vesting usually occurs ratably over the vesting period or at the end of the vesting period .", "the company utilizes the black scholes merton option valuation model which relies on certain assumptions to estimate an option's fair value .", "the weighted average assumptions used in the determination of fair value for stock options awarded in 2018 , 2017 , and 2016 are provided in the table below: ." ]

[ "the volatility rate of grants is derived from historical company common stock price volatility over the same time period as the expected term of each stock option award .", "the volatility rate is derived by mathematical formula utilizing the weekly high closing stock price data over the expected term .", "the expected dividend yield is calculated using the company's average of the last four quarterly dividend yields .", "the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term. ." ]

[ [ "Assumptions", "2018", "2017", "2016" ], [ "Expected volatility rate", "19.03%", "20.45%", "23.71%" ], [ "Expected dividend yield", "2.48%", "2.64%", "2.31%" ], [ "Average risk-free interest rate", "2.61%", "1.91%", "1.23%" ], [ "Expected term years", "5.1", "5.0", "5.0" ] ]

[ [ "assumptions", "2018", "2017", "2016" ], [ "expected volatility rate", "19.03% ( 19.03 % )", "20.45% ( 20.45 % )", "23.71% ( 23.71 % )" ], [ "expected dividend yield", "2.48% ( 2.48 % )", "2.64% ( 2.64 % )", "2.31% ( 2.31 % )" ], [ "average risk-free interest rate", "2.61% ( 2.61 % )", "1.91% ( 1.91 % )", "1.23% ( 1.23 % )" ], [ "expected term years", "5.1", "5.0", "5.0" ] ]

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[ "( c ) effective january 1 , 2019 , these assets were transferred from the products pipelines business segment to the natural gas pipelines business segment .", "( d ) effective january 1 , 2019 , a small number of terminals were transferred between the products pipelines and terminals business segments .", "competition our products pipelines 2019 pipeline operations compete against proprietary pipelines owned and operated by major oil companies , other independent products pipelines , trucking and marine transportation firms ( for short-haul movements of products ) and railcars .", "our products pipelines 2019 terminal operations compete with proprietary terminals owned and operated by major oil companies and other independent terminal operators , and our transmix operations compete with refineries owned by major oil companies and independent transmix facilities .", "terminals our terminals business segment includes the operations of our refined petroleum product , crude oil , chemical , ethanol and other liquid terminal facilities ( other than those included in the products pipelines business segment ) and all of our petroleum coke , metal and ores facilities .", "our terminals are located throughout the u.s .", "and in portions of canada .", "we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide expansion opportunities .", "we often classify our terminal operations based on the handling of either liquids or dry-bulk material products .", "in addition , terminals 2019 marine operations include jones act-qualified product tankers that provide marine transportation of crude oil , condensate and refined petroleum products between u.s .", "ports .", "the following summarizes our terminals business segment assets , as of december 31 , 2018 : number capacity ( mmbbl ) ." ]

[ "_______ ( a ) effective january 1 , 2019 , a small number of terminals were transferred between the terminals and products pipelines business segments .", "competition we are one of the largest independent operators of liquids terminals in north america , based on barrels of liquids terminaling capacity .", "our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical , pipeline , and refining companies .", "our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminaling services .", "in some locations , competitors are smaller , independent operators with lower cost structures .", "our jones act-qualified product tankers compete with other jones act qualified vessel fleets .", "our co2 business segment produces , transports , and markets co2 for use in enhanced oil recovery projects as a flooding medium for recovering crude oil from mature oil fields .", "our co2 pipelines and related assets allow us to market a complete package of co2 supply and transportation services to our customers .", "we also hold ownership interests in several oil-producing fields and own a crude oil pipeline , all located in the permian basin region of west texas. ." ]

[ [ "", "Number", "Capacity(MMBbl)" ], [ "Liquids terminals(a)", "52", "89.6" ], [ "Bulk terminals", "34", "—" ], [ "Jones Act tankers", "16", "5.3" ] ]

[ [ "", "number", "capacity ( mmbbl )" ], [ "liquids terminals ( a )", "52", "89.6" ], [ "bulk terminals", "34", "2014" ], [ "jones act tankers", "16", "5.3" ] ]

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[ "advance auto parts , inc .", "and subsidiaries notes to the consolidated financial statements december 31 , 2016 , january 2 , 2016 and january 3 , 2015 ( in thousands , except per share data ) 2 .", "inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 89% ( 89 % ) of inventories at both december 31 , 2016 and january 2 , 2016 .", "under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in 2016 and prior years .", "as a result of utilizing lifo , the company recorded a reduction to cost of sales of $ 40711 and $ 42295 in 2016 and 2015 , respectively , and an increase to cost of sales of $ 8930 in 2014 .", "historically , the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased as the company has been able to leverage its continued growth and execution of merchandise strategies .", "the increase in cost of sales for 2014 was the result of an increase in supply chain costs .", "product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries and the inventory of certain subsidiaries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .", "product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .", "because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .", "inventory overhead costs purchasing and warehousing costs included in inventory as of december 31 , 2016 and january 2 , 2016 , were $ 395240 and $ 359829 , respectively .", "inventory balance and inventory reserves inventory balances at the end of 2016 and 2015 were as follows : december 31 , january 2 ." ]

[ "inventory quantities are tracked through a perpetual inventory system .", "the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of merchandise and core inventory .", "in its distribution centers and branches , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of merchandise and product core inventory .", "reserves for estimated shrink are established based on the results of physical inventories conducted by the company and other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends .", "the company also establishes reserves for potentially excess and obsolete inventories based on ( i ) current inventory levels , ( ii ) the historical analysis of product sales and ( iii ) current market conditions .", "the company has return rights with many of its vendors and the majority of excess inventory is returned to its vendors for full credit .", "in certain situations , the company establishes reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs. ." ]

[ [ "", "December 31,2016", "January 2,2016" ], [ "Inventories at FIFO, net", "$4,120,030", "$4,009,641" ], [ "Adjustments to state inventories at LIFO", "205,838", "165,127" ], [ "Inventories at LIFO, net", "$4,325,868", "$4,174,768" ] ]

[ [ "", "december 312016", "january 22016" ], [ "inventories at fifo net", "$ 4120030", "$ 4009641" ], [ "adjustments to state inventories at lifo", "205838", "165127" ], [ "inventories at lifo net", "$ 4325868", "$ 4174768" ] ]

[]

[ "notes to consolidated financial statements 2014 ( continued ) fiscal years ended may 27 , 2007 , may 28 , 2006 , and may 29 , 2005 columnar amounts in millions except per share amounts 6 .", "impairment of debt and equity securities during fiscal 2005 , the company determined that the carrying values of its investments in two unrelated equity method investments , a bio-fuels venture and a malt venture , were other-than-temporarily impaired and therefore recognized pre-tax impairment charges totaling $ 71.0 million ( $ 65.6 million after tax ) .", "during fiscal 2006 , the company recognized additional impairment charges totaling $ 75.8 million ( $ 73.1 million after tax ) of its investments in the malt venture and an unrelated investment in a foreign prepared foods business , due to further declines in the estimated proceeds from the disposition of these investments .", "the investment in a foreign prepared foods business was disposed of in fiscal 2006 .", "the extent of the impairments was determined based upon the company 2019s assessment of the recoverability of its investments based primarily upon the expected proceeds of planned dispositions of the investments .", "during fiscal 2007 , the company completed the disposition of the equity method investment in the malt venture for proceeds of approximately $ 24 million , including notes and other receivables totaling approximately $ 7 million .", "this transaction resulted in a pre-tax gain of approximately $ 4 million , with a related tax benefit of approximately $ 4 million .", "these charges and the subsequent gain on disposition are reflected in equity method investment earnings ( loss ) in the consolidated statements of earnings .", "the company held , at may 28 , 2006 , subordinated notes in the original principal amount of $ 150 million plus accrued interest of $ 50.4 million from swift foods .", "during the company 2019s fourth quarter of fiscal 2005 , swift foods effected changes in its capital structure .", "as a result of those changes , the company determined that the fair value of the subordinated notes was impaired .", "from the date on which the company initially determined that the value of the notes was impaired through the second quarter of fiscal 2006 , the company believed the impairment of this available-for-sale security to be temporary .", "as such , the company had reduced the carrying value of the note by $ 35.4 million and recorded cumulative after-tax charges of $ 21.9 million in accumulated other comprehensive income as of the end of the second quarter of fiscal 2006 .", "during the second half of fiscal 2006 , due to the company 2019s consideration of current conditions related to the debtor 2019s business and changes in the company 2019s intended holding period for this investment , the company determined that the impairment was other-than-temporary .", "accordingly , the company reduced the carrying value of the notes to approximately $ 117 million and recognized impairment charges totaling $ 82.9 million in selling , general and administrative expenses , including the reclassification of the cumulative after-tax charges of $ 21.9 million from accumulated other comprehensive income , in fiscal 2006 .", "during the second quarter of fiscal 2007 , the company closed on the sale of these notes for approximately $ 117 million , net of transaction expenses , resulting in no additional gain or loss .", "7 .", "inventories the major classes of inventories are as follows: ." ]

[ "raw materials and packaging includes grain , fertilizer , crude oil , and other trading and merchandising inventory of $ 691.0 million and $ 542.1 million as of the end of fiscal year 2007 and 2006 , respectively. ." ]

[ [ "", "2007", "2006" ], [ "Raw materials and packaging", "$1,154.2", "$985.0" ], [ "Work in progress", "95.2", "97.4" ], [ "Finished goods", "1,008.1", "923.6" ], [ "Supplies and other", "91.0", "124.6" ], [ "Total", "$2,348.5", "$2,130.6" ] ]

[ [ "", "2007", "2006" ], [ "raw materials and packaging", "$ 1154.2", "$ 985.0" ], [ "work in progress", "95.2", "97.4" ], [ "finished goods", "1008.1", "923.6" ], [ "supplies and other", "91.0", "124.6" ], [ "total", "$ 2348.5", "$ 2130.6" ] ]

[]

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

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

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

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

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[ "discount to brent was narrower in 2013 than in 2012 and 2011 .", "as a result of the significant increase in u.s .", "production of light sweet crude oil , the historical relationship between wti , brent and lls pricing may not be indicative of future periods .", "composition 2013 the proportion of our liquid hydrocarbon sales volumes that are ngls continues to increase due to our development of united states unconventional liquids-rich plays .", "ngls were 15 percent of our north america e&p liquid hydrocarbon sales volumes in 2013 compared to 10 percent in 2012 and 7 percent in 2011 .", "natural gas 2013 a significant portion of our natural gas production in the u.s .", "is sold at bid-week prices , or first-of-month indices relative to our specific producing areas .", "average henry hub settlement prices for natural gas were 31 percent higher for 2013 than for 2012 .", "international e&p liquid hydrocarbons 2013 our international e&p crude oil production is relatively sweet and has historically sold in relation to the brent crude benchmark , which on average was 3 percent lower for 2013 than 2012 .", "natural gas 2013 our major international e&p natural gas-producing regions are europe and e.g .", "natural gas prices in europe have been considerably higher than the u.s .", "in recent years .", "in the case of e.g. , our natural gas sales are subject to term contracts , making realized prices in these areas less volatile .", "the natural gas sales from e.g .", "are at fixed prices ; therefore , our reported average international e&p natural gas realized prices may not fully track market price movements .", "oil sands mining the oil sands mining segment produces and sells various qualities of synthetic crude oil .", "output mix can be impacted by operational problems or planned unit outages at the mines or upgrader .", "sales prices for roughly two-thirds of the normal output mix has historically tracked movements in wti and one-third has historically tracked movements in the canadian heavy crude oil marker , primarily wcs .", "the wcs discount to wti has been increasing on average in each year presented below .", "despite a wider wcs discount in 2013 , our average oil sands mining price realizations increased due to a greater proportion of higher value synthetic crude oil sales volumes compared to 2012 .", "the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .", "per-unit costs are sensitive to production rates .", "key variable costs are natural gas and diesel fuel , which track commodity markets such as the aeco natural gas sales index and crude oil prices , respectively .", "the table below shows average benchmark prices that impact both our revenues and variable costs: ." ]

[ "wcs ( dollars per bbl ) ( a ) $ 72.77 $ 73.18 $ 77.97 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.08 $ 2.39 $ 3.68 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .", "( b ) monthly average day ahead index. ." ]

[ [ "Benchmark", "2013", "2012", "2011" ], [ "WTI crude oil(Dollars per bbl)", "$98.05", "$94.15", "$95.11" ], [ "WCS(Dollars per bbl)^(a)", "$72.77", "$73.18", "$77.97" ], [ "AECO natural gas sales index(Dollars per mmbtu)^(b)", "$3.08", "$2.39", "$3.68" ] ]

[ [ "benchmark", "2013", "2012", "2011" ], [ "wti crude oil ( dollars per bbl )", "$ 98.05", "$ 94.15", "$ 95.11" ], [ "wcs ( dollars per bbl ) ( a )", "$ 72.77", "$ 73.18", "$ 77.97" ], [ "aeco natural gas sales index ( dollars per mmbtu ) ( b )", "$ 3.08", "$ 2.39", "$ 3.68" ] ]

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[ "performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 25 , 2009 through october 26 , 2014 .", "this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period .", "the comparison assumes $ 100 was invested on october 25 , 2009 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any .", "dollar amounts in the graph are rounded to the nearest whole dollar .", "the performance shown in the graph represents past performance and should not be considered an indication of future performance .", "comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. ." ]

[ "dividends during fiscal 2014 , applied 2019s board of directors declared four quarterly cash dividends of $ 0.10 per share each .", "during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share .", "during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.09 per share each and one quarterly cash dividend of $ 0.08 .", "dividends declared during fiscal 2014 , 2013 and 2012 totaled $ 487 million , $ 469 million and $ 438 million , respectively .", "applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders .", "$ 100 invested on 10/25/09 in stock or 10/31/09 in index , including reinvestment of dividends .", "indexes calculated on month-end basis .", "and the rdg semiconductor composite index 183145 97 102 121 132 10/25/09 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 applied materials , inc .", "s&p 500 rdg semiconductor composite ." ]

[ [ "", "10/25/2009", "10/31/2010", "10/30/2011", "10/28/2012", "10/27/2013", "10/26/2014" ], [ "Applied Materials", "100.00", "97.43", "101.85", "88.54", "151.43", "183.29" ], [ "S&P 500 Index", "100.00", "116.52", "125.94", "145.09", "184.52", "216.39" ], [ "RDG Semiconductor Composite Index", "100.00", "121.00", "132.42", "124.95", "163.20", "207.93" ] ]

[ [ "", "10/25/2009", "10/31/2010", "10/30/2011", "10/28/2012", "10/27/2013", "10/26/2014" ], [ "applied materials", "100.00", "97.43", "101.85", "88.54", "151.43", "183.29" ], [ "s&p 500 index", "100.00", "116.52", "125.94", "145.09", "184.52", "216.39" ], [ "rdg semiconductor composite index", "100.00", "121.00", "132.42", "124.95", "163.20", "207.93" ] ]

[]

[ "2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .", "2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .", "we made no further grants under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .", "we will make no future grants under the 2000 plan , the 2005 plan or the director stock option plan .", "the 2011 plan permits grants of equity to employees , officers , directors and consultants .", "a total of 14.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .", "the following table summarizes share-based compensation expense and the related income tax benefit recognized for our share-based awards and stock options ( in thousands ) : 2016 2015 2014 ( in thousands ) ." ]

[ "we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .", "restricted stock restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .", "restricted shares cannot be sold or transferred until they have vested .", "restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .", "restricted stock granted during fiscal 2015 and thereafter either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .", "the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .", "performance units certain of our executives have been granted performance units under our long-term incentive plan .", "performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .", "the number of shares is dependent upon the achievement of certain performance measures during the performance period .", "the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .", "performance units are converted only after the compensation committee certifies performance based on pre-established goals .", "the performance units granted to certain executives in fiscal 2014 were based on a one-year performance period .", "after the compensation committee certified the performance results , 25% ( 25 % ) of the performance units converted to unrestricted shares .", "the remaining 75% ( 75 % ) converted to restricted shares that vest in equal installments on each of the first three anniversaries of the conversion date .", "the performance units granted to certain executives during fiscal 2015 and fiscal 2016 were based on a three-year performance period .", "after the compensation committee certifies the performance results for the three-year period , performance units earned will convert into unrestricted common stock .", "the compensation committee may set a range of possible performance-based outcomes for performance units .", "depending on the achievement of the performance measures , the grantee may earn up to 200% ( 200 % ) of the target number of shares .", "for awards with only performance conditions , we recognize compensation expense on a straight-line basis over the performance period using the grant date fair value of the award , which is based on the number of shares expected to be earned according to the level of achievement of performance goals .", "if the number of shares expected to be earned were to change at any time during the performance period , we would make a cumulative adjustment to share-based compensation expense based on the revised number of shares expected to be earned .", "global payments inc .", "| 2016 form 10-k annual report 2013 83 ." ]

[ [ "", "2016", "2015 (in thousands)", "2014" ], [ "Share-based compensation expense", "$30,809", "$21,056", "$29,793" ], [ "Income tax benefit", "$9,879", "$6,907", "$7,126" ] ]

[ [ "", "2016", "2015 ( in thousands )", "2014" ], [ "share-based compensation expense", "$ 30809", "$ 21056", "$ 29793" ], [ "income tax benefit", "$ 9879", "$ 6907", "$ 7126" ] ]

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[ "page 59 of 94 notes to consolidated financial statements ball corporation and subsidiaries 13 .", "debt and interest costs ( continued ) long-term debt obligations outstanding at december 31 , 2007 , have maturities of $ 127.1 million , $ 160 million , $ 388.4 million , $ 625.1 million and $ 550.3 million for the years ending december 31 , 2008 through 2012 , respectively , and $ 456.1 million thereafter .", "ball provides letters of credit in the ordinary course of business to secure liabilities recorded in connection with industrial development revenue bonds and certain self-insurance arrangements .", "letters of credit outstanding at december 31 , 2007 and 2006 , were $ 41 million and $ 52.4 million , respectively .", "the notes payable and senior credit facilities are guaranteed on a full , unconditional and joint and several basis by certain of the company 2019s domestic wholly owned subsidiaries .", "certain foreign denominated tranches of the senior credit facilities are similarly guaranteed by certain of the company 2019s wholly owned foreign subsidiaries .", "note 22 contains further details as well as condensed , consolidating financial information for the company , segregating the guarantor subsidiaries and non-guarantor subsidiaries .", "the company was not in default of any loan agreement at december 31 , 2007 , and has met all debt payment obligations .", "the u.s .", "note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividend payments , share repurchases , investments , financial ratios , guarantees and the incurrence of additional indebtedness .", "on march 27 , 2006 , ball expanded its senior secured credit facilities with the addition of a $ 500 million term d loan facility due in installments through october 2011 .", "also on march 27 , 2006 , ball issued at a price of 99.799 percent $ 450 million of 6.625% ( 6.625 % ) senior notes ( effective yield to maturity of 6.65 percent ) due in march 2018 .", "the proceeds from these financings were used to refinance existing u.s .", "can debt with ball corporation debt at lower interest rates , acquire certain north american plastic container net assets from alcan and reduce seasonal working capital debt .", "( see note 3 for further details of the acquisitions. ) on october 13 , 2005 , ball refinanced its senior secured credit facilities to extend debt maturities at lower interest rate spreads and provide the company with additional borrowing capacity for future growth .", "during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due in august 2006 .", "the refinancing and senior note redemptions resulted in a debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) for the related call premium and unamortized debt issuance costs .", "a summary of total interest cost paid and accrued follows: ." ]

[ "( a ) includes $ 6.6 million paid in 2005 in connection with the redemption of the company 2019s senior and senior subordinated notes. ." ]

[ [ "($ in millions)", "2007", "2006", "2005" ], [ "Interest costs before refinancing costs", "$155.8", "$142.5", "$102.4" ], [ "Debt refinancing costs", "–", "–", "19.3" ], [ "Total interest costs", "155.8", "142.5", "121.7" ], [ "Amounts capitalized", "(6.4)", "(8.1)", "(5.3)" ], [ "Interest expense", "$149.4", "$134.4", "$116.4" ], [ "Interest paid during the year(a)", "$153.9", "$125.4", "$138.5" ] ]

[ [ "( $ in millions )", "2007", "2006", "2005" ], [ "interest costs before refinancing costs", "$ 155.8", "$ 142.5", "$ 102.4" ], [ "debt refinancing costs", "2013", "2013", "19.3" ], [ "total interest costs", "155.8", "142.5", "121.7" ], [ "amounts capitalized", "-6.4 ( 6.4 )", "-8.1 ( 8.1 )", "-5.3 ( 5.3 )" ], [ "interest expense", "$ 149.4", "$ 134.4", "$ 116.4" ], [ "interest paid during the year ( a )", "$ 153.9", "$ 125.4", "$ 138.5" ] ]

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[ "federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2006 reconciliation of accumulated depreciation and amortization ( in thousands ) ." ]

[ "." ]

[ [ "Balance, December 31, 2003", "$514,177" ], [ "Additions during period—depreciation and amortization expense", "82,551" ], [ "Deductions during period—disposition and retirements of property", "(1,390)" ], [ "Balance, December 31, 2004", "595,338" ], [ "Additions during period—depreciation and amortization expense", "83,656" ], [ "Deductions during period—disposition and retirements of property", "(15,244)" ], [ "Balance, December 31, 2005", "663,750" ], [ "Additions during period—depreciation and amortization expense", "89,564" ], [ "Deductions during period—disposition and retirements of property", "(12,807)" ], [ "Balance, December 31, 2006", "$740,507" ] ]

[ [ "balance december 31 2003", "$ 514177" ], [ "additions during period 2014depreciation and amortization expense", "82551" ], [ "deductions during period 2014disposition and retirements of property", "-1390 ( 1390 )" ], [ "balance december 31 2004", "595338" ], [ "additions during period 2014depreciation and amortization expense", "83656" ], [ "deductions during period 2014disposition and retirements of property", "-15244 ( 15244 )" ], [ "balance december 31 2005", "663750" ], [ "additions during period 2014depreciation and amortization expense", "89564" ], [ "deductions during period 2014disposition and retirements of property", "-12807 ( 12807 )" ], [ "balance december 31 2006", "$ 740507" ] ]

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[ "46 d e v o n e n e r g y a n n u a l r e p o r t 2 0 0 4 contents of gas produced , transportation availability and costs and demand for the various products derived from oil , natural gas and ngls .", "substantially all of devon 2019s revenues are attributable to sales , processing and transportation of these three commodities .", "consequently , our financial results and resources are highly influenced by price volatility .", "estimates for devon 2019s future production of oil , natural gas and ngls are based on the assumption that market demand and prices will continue at levels that allow for profitable production of these products .", "there can be no assurance of such stability .", "most of our canadian production is subject to government royalties that fluctuate with prices .", "thus , price fluctuations can affect reported production .", "also , our international production is governed by payout agreements with the governments of the countries in which we operate .", "if the payout under these agreements is attained earlier than projected , devon 2019s net production and proved reserves in such areas could be reduced .", "estimates for our future processing and transport of oil , natural gas and ngls are based on the assumption that market demand and prices will continue at levels that allow for profitable processing and transport of these products .", "there can be no assurance of such stability .", "the production , transportation , processing and marketing of oil , natural gas and ngls are complex processes which are subject to disruption from many causes .", "these causes include transportation and processing availability , mechanical failure , human error , meteorological events including , but not limited to , hurricanes , and numerous other factors .", "the following forward-looking statements were prepared assuming demand , curtailment , producibility and general market conditions for devon 2019s oil , natural gas and ngls during 2005 will be substantially similar to those of 2004 , unless otherwise noted .", "unless otherwise noted , all of the following dollar amounts are expressed in u.s .", "dollars .", "amounts related to canadian operations have been converted to u.s .", "dollars using a projected average 2005 exchange rate of $ 0.82 u.s .", "to $ 1.00 canadian .", "the actual 2005 exchange rate may vary materially from this estimate .", "such variations could have a material effect on the following estimates .", "though we have completed several major property acquisitions and dispositions in recent years , these transactions are opportunity driven .", "thus , the following forward-looking data excludes the financial and operating effects of potential property acquisitions or divestitures , except as discussed in 201cproperty acquisitions and divestitures , 201d during the year 2005 .", "the timing and ultimate results of such acquisition and divestiture activity is difficult to predict , and may vary materially from that discussed in this report .", "geographic reporting areas for 2005 the following estimates of production , average price differentials and capital expenditures are provided separately for each of the following geographic areas : 2022 the united states onshore ; 2022 the united states offshore , which encompasses all oil and gas properties in the gulf of mexico ; 2022 canada ; and 2022 international , which encompasses all oil and gas properties that lie outside of the united states and canada .", "year 2005 potential operating items the estimates related to oil , gas and ngl production , operating costs and dd&a set forth in the following paragraphs are based on estimates for devon 2019s properties other than those that have been designated for possible sale ( see 201cproperty acquisitions and divestitures 201d ) .", "therefore , the following estimates exclude the results of the potential sale properties for the entire year .", "oil , gas and ngl production set forth in the following paragraphs are individual estimates of devon 2019s oil , gas and ngl production for 2005 .", "on a combined basis , devon estimates its 2005 oil , gas and ngl production will total 217 mmboe .", "of this total , approximately 92% ( 92 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2004 .", "oil production we expect our oil production in 2005 to total 60 mmbbls .", "of this total , approximately 95% ( 95 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2004 .", "the expected production by area is as follows: ." ]

[ "oil prices 2013 fixed through various price swaps , devon has fixed the price it will receive in 2005 on a portion of its oil production .", "the following table includes information on this fixed-price production by area .", "where necessary , the prices have been adjusted for certain transportation costs that are netted against the prices recorded by devon. ." ]

[ [ "", "(MMBbls)" ], [ "United States Onshore", "12" ], [ "United States Offshore", "10" ], [ "Canada", "12" ], [ "International", "26" ] ]

[ [ "", "( mmbbls )" ], [ "united states onshore", "12" ], [ "united states offshore", "10" ], [ "canada", "12" ], [ "international", "26" ] ]

[]

[ "35% ( 35 % ) due 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 .", "as of september 24 , 2011 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 3.2 billion , and deferred tax liabilities of $ 9.2 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 .", "in addition , the company is subject to audits by state , local , and foreign tax authorities .", "management believes that adequate provisions have 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 24 , 2011 ( in millions ) : ." ]

[ "cash , cash equivalents and marketable securities increased $ 30.6 billion or 60% ( 60 % ) during 2011 .", "the principal components of this net increase was the cash generated by operating activities of $ 37.5 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 4.3 billion , payments for acquisition of intangible assets of $ 3.2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 244 million .", "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 .", "the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities and its policy generally limits the amount of credit exposure to any one issuer .", "the company 2019s investment policy requires investments to generally be investment grade with the objective of minimizing the potential risk of principal loss .", "as of september 24 , 2011 and september 25 , 2010 , $ 54.3 billion and $ 30.8 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 .", "amounts held by foreign subsidiaries are generally subject to u.s .", "income taxation on repatriation to the u.s .", "capital assets the company 2019s capital expenditures were $ 4.6 billion during 2011 , consisting of approximately $ 614 million for retail store facilities and $ 4.0 billion for other capital expenditures , including product tooling and manufacturing ." ]

[ [ "", "2011", "2010", "2009" ], [ "Cash, cash equivalents and marketable securities", "$81,570", "$51,011", "$33,992" ], [ "Accounts receivable, net", "$5,369", "$5,510", "$3,361" ], [ "Inventories", "$776", "$1,051", "$455" ], [ "Working capital", "$17,018", "$20,956", "$20,049" ], [ "Annual operating cash flow", "$37,529", "$18,595", "$10,159" ] ]

[ [ "", "2011", "2010", "2009" ], [ "cash cash equivalents and marketable securities", "$ 81570", "$ 51011", "$ 33992" ], [ "accounts receivable net", "$ 5369", "$ 5510", "$ 3361" ], [ "inventories", "$ 776", "$ 1051", "$ 455" ], [ "working capital", "$ 17018", "$ 20956", "$ 20049" ], [ "annual operating cash flow", "$ 37529", "$ 18595", "$ 10159" ] ]

[]

[ "the breakdown of aes 2019s gross margin for the years ended december 31 , 2000 and 1999 , based on the geographic region in which they were earned , is set forth below. ." ]

[ "* includes venezuela and colombia .", "selling , general and administrative expenses selling , general and administrative expenses increased $ 11 million , or 15% ( 15 % ) , to $ 82 million in 2000 from $ 71 million in 1999 .", "selling , general and administrative expenses as a percentage of revenues remained constant at 1% ( 1 % ) in both 2000 and 1999 .", "the increase is due to an increase in business development activities .", "interest expense , net net interest expense increased $ 506 million , or 80% ( 80 % ) , to $ 1.1 billion in 2000 from $ 632 million in 1999 .", "interest expense as a percentage of revenues remained constant at 15% ( 15 % ) in both 2000 and 1999 .", "interest expense increased primarily due to the interest at new businesses , including drax , tiete , cilcorp and edc , as well as additional corporate interest costs resulting from the senior debt and convertible securities issued within the past two years .", "other income , net other income increased $ 16 million , or 107% ( 107 % ) , to $ 31 million in 2000 from $ 15 million in 1999 .", "other income includes foreign currency transaction gains and losses as well as other non-operating income .", "the increase in other income is due primarily to a favorable legal judgment and the sale of development projects .", "severance and transaction costs during the fourth quarter of 2000 , the company incurred approximately $ 79 million of transaction and contractual severance costs related to the acquisition of ipalco .", "gain on sale of assets during 2000 , ipalco sold certain assets ( 2018 2018thermal assets 2019 2019 ) for approximately $ 162 million .", "the transaction resulted in a gain to the company of approximately $ 31 million .", "of the net proceeds , $ 88 million was used to retire debt specifically assignable to the thermal assets .", "during 1999 , the company recorded a $ 29 million gain ( before extraordinary loss ) from the buyout of its long-term power sales agreement at placerita .", "the company received gross proceeds of $ 110 million which were offset by transaction related costs of $ 19 million and an impairment loss of $ 62 million to reduce the carrying value of the electric generation assets to their estimated fair value after termination of the contract .", "the estimated fair value was determined by an independent appraisal .", "concurrent with the buyout of the power sales agreement , the company repaid the related non-recourse debt prior to its scheduled maturity and recorded an extraordinary loss of $ 11 million , net of income taxes. ." ]

[ [ "", "2000", "% of Revenue", "1999", "% of Revenue", "% change" ], [ "North America", "$844 million", "25%", "$649 million", "32%", "30%" ], [ "South America", "$416 million", "36%", "$232 million", "28%", "79%" ], [ "Caribbean*", "$226 million", "21%", "$75 million", "24%", "201%" ], [ "Europe/Africa", "$371 million", "29%", "$124 million", "29%", "199%" ], [ "Asia", "$138 million", "22%", "$183 million", "37%", "(26%)" ] ]

[ [ "north america", "2000 $ 844 million", "% ( % ) of revenue 25% ( 25 % )", "1999 $ 649 million", "% ( % ) of revenue 32% ( 32 % )", "% ( % ) change 30% ( 30 % )" ], [ "south america", "$ 416 million", "36% ( 36 % )", "$ 232 million", "28% ( 28 % )", "79% ( 79 % )" ], [ "caribbean*", "$ 226 million", "21% ( 21 % )", "$ 75 million", "24% ( 24 % )", "201% ( 201 % )" ], [ "europe/africa", "$ 371 million", "29% ( 29 % )", "$ 124 million", "29% ( 29 % )", "199% ( 199 % )" ], [ "asia", "$ 138 million", "22% ( 22 % )", "$ 183 million", "37% ( 37 % )", "( 26% ( 26 % ) )" ] ]

[ { "arg1": "36%", "arg2": "28%", "op": "minus2-1", "res": "8%" }, { "arg1": "#0", "arg2": "const_1000", "op": "multiply2-2", "res": "80" } ]

[ "item 6 .", "selected financial data the following table represents our selected financial data .", "the table should be read in conjunction with item 7 and item 8 of this report .", "the table below reflects immaterial error corrections discussed in note 2 : summary of significant accounting policies in item 8. ." ]

[ "basic earnings ( loss ) per share ( 3 ) $ 2.96 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) diluted earnings ( loss ) per share ( 3 ) $ 2.91 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities .", "( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures .", "see liquidity and capital resources in item 7 for more information on this measure .", "( 3 ) on march 30 , 2011 , the record date of the stock distribution associated with the spin-off from northrop grumman , approximately 48.8 million shares of $ 0.01 par value hii common stock were distributed to northrop grumman stockholders .", "this share amount was utilized for the calculation of basic and diluted earnings ( loss ) per share for the three months ended march 31 , 2011 , and all prior periods , as no common stock of the company existed prior to march 30 , 2011 , and the impact of dilutive securities in the three month period ended march 31 , 2011 , was not meaningful. ." ]

[ [ "", "Year Ended December 31" ], [ "($ in millions, except per share amounts)", "2012", "2011", "2010", "2009", "2008" ], [ "Sales and service revenues", "$6,708", "$6,575", "$6,723", "$6,292", "$6,189" ], [ "Goodwill impairment", "—", "290", "—", "—", "2,465" ], [ "Operating income (loss)", "358", "100", "241", "203", "(2,332)" ], [ "Net earnings (loss)", "146", "(100)", "131", "119", "(2,397)" ], [ "Total assets", "6,392", "6,069", "5,270", "5,097", "4,821" ], [ "Long-term debt⁽¹⁾", "1,779", "1,830", "105", "283", "283" ], [ "Total long-term obligations", "4,341", "3,838", "1,637", "1,708", "1,823" ], [ "Free cash flow⁽²⁾", "170", "331", "168", "(269)", "121" ], [ "Dividends declared per share", "$0.10", "$—", "$—", "$—", "$—" ], [ "Basic earnings (loss) per share⁽³⁾", "$2.96", "$(2.05)", "$2.68", "$2.44", "$(49.14)" ], [ "Diluted earnings (loss) per share⁽³⁾", "$2.91", "$(2.05)", "$2.68", "$2.44", "$(49.14)" ] ]

[ [ "( $ in millions except per share amounts )", "year ended december 31 2012", "year ended december 31 2011", "year ended december 31 2010", "year ended december 31 2009", "year ended december 31 2008" ], [ "sales and service revenues", "$ 6708", "$ 6575", "$ 6723", "$ 6292", "$ 6189" ], [ "goodwill impairment", "2014", "290", "2014", "2014", "2465" ], [ "operating income ( loss )", "358", "100", "241", "203", "-2332 ( 2332 )" ], [ "net earnings ( loss )", "146", "-100 ( 100 )", "131", "119", "-2397 ( 2397 )" ], [ "total assets", "6392", "6069", "5270", "5097", "4821" ], [ "long-term debt ( 1 )", "1779", "1830", "105", "283", "283" ], [ "total long-term obligations", "4341", "3838", "1637", "1708", "1823" ], [ "free cash flow ( 2 )", "170", "331", "168", "-269 ( 269 )", "121" ], [ "dividends declared per share", "$ 0.10", "$ 2014", "$ 2014", "$ 2014", "$ 2014" ], [ "basic earnings ( loss ) per share ( 3 )", "$ 2.96", "$ -2.05 ( 2.05 )", "$ 2.68", "$ 2.44", "$ -49.14 ( 49.14 )" ], [ "diluted earnings ( loss ) per share ( 3 )", "$ 2.91", "$ -2.05 ( 2.05 )", "$ 2.68", "$ 2.44", "$ -49.14 ( 49.14 )" ] ]

[ { "arg1": "6392", "arg2": "4821", "op": "minus1-1", "res": "1571" }, { "arg1": "#0", "arg2": "const_1000000", "op": "multiply1-2", "res": "1571000000" } ]

[ "the goldman sachs group , inc .", "and subsidiaries management 2019s discussion and analysis net revenues in equities were $ 6.60 billion , 4% ( 4 % ) lower than 2016 , primarily due to lower commissions and fees , reflecting a decline in our listed cash equity volumes in the u.s .", "market volumes in the u.s .", "also declined .", "in addition , net revenues in equities client execution were lower , reflecting lower net revenues in derivatives , partially offset by higher net revenues in cash products .", "net revenues in securities services were essentially unchanged .", "operating expenses were $ 9.69 billion for 2017 , essentially unchanged compared with 2016 , due to decreased compensation and benefits expenses , reflecting lower net revenues , largely offset by increased technology expenses , reflecting higher expenses related to cloud-based services and software depreciation , and increased consulting costs .", "pre-tax earnings were $ 2.21 billion in 2017 , 54% ( 54 % ) lower than 2016 .", "investing & lending investing & lending includes our investing activities and the origination of loans , including our relationship lending activities , to provide financing to clients .", "these investments and loans are typically longer-term in nature .", "we make investments , some of which are consolidated , including through our merchant banking business and our special situations group , in debt securities and loans , public and private equity securities , infrastructure and real estate entities .", "some of these investments are made indirectly through funds that we manage .", "we also make unsecured loans through our digital platform , marcus : by goldman sachs and secured loans through our digital platform , goldman sachs private bank select .", "the table below presents the operating results of our investing & lending segment. ." ]

[ "operating environment .", "during 2018 , our investments in private equities benefited from company-specific events , including sales , and strong corporate performance , while investments in public equities reflected losses , as global equity prices generally decreased .", "results for our investments in debt securities and loans reflected continued growth in loans receivables , resulting in higher net interest income .", "if macroeconomic concerns negatively affect corporate performance or the origination of loans , or if global equity prices continue to decline , net revenues in investing & lending would likely be negatively impacted .", "during 2017 , generally higher global equity prices and tighter credit spreads contributed to a favorable environment for our equity and debt investments .", "results also reflected net gains from company-specific events , including sales , and corporate performance .", "2018 versus 2017 .", "net revenues in investing & lending were $ 8.25 billion for 2018 , 14% ( 14 % ) higher than 2017 .", "net revenues in equity securities were $ 4.46 billion , 3% ( 3 % ) lower than 2017 , reflecting net losses from investments in public equities ( 2018 included $ 183 million of net losses ) compared with net gains in the prior year , partially offset by significantly higher net gains from investments in private equities ( 2018 included $ 4.64 billion of net gains ) , driven by company-specific events , including sales , and corporate performance .", "for 2018 , 60% ( 60 % ) of the net revenues in equity securities were generated from corporate investments and 40% ( 40 % ) were generated from real estate .", "net revenues in debt securities and loans were $ 3.80 billion , 43% ( 43 % ) higher than 2017 , primarily driven by significantly higher net interest income .", "2018 included net interest income of approximately $ 2.70 billion compared with approximately $ 1.80 billion in 2017 .", "provision for credit losses was $ 674 million for 2018 , compared with $ 657 million for 2017 , as the higher provision for credit losses primarily related to consumer loan growth in 2018 was partially offset by an impairment of approximately $ 130 million on a secured loan in 2017 .", "operating expenses were $ 3.37 billion for 2018 , 20% ( 20 % ) higher than 2017 , primarily due to increased expenses related to consolidated investments and our digital lending and deposit platform , and increased compensation and benefits expenses , reflecting higher net revenues .", "pre-tax earnings were $ 4.21 billion in 2018 , 11% ( 11 % ) higher than 2017 versus 2016 .", "net revenues in investing & lending were $ 7.24 billion for 2017 , 70% ( 70 % ) higher than 2016 .", "net revenues in equity securities were $ 4.58 billion , 78% ( 78 % ) higher than 2016 , primarily reflecting a significant increase in net gains from private equities ( 2017 included $ 3.82 billion of net gains ) , which were positively impacted by company-specific events and corporate performance .", "in addition , net gains from public equities ( 2017 included $ 762 million of net gains ) were significantly higher , as global equity prices increased during the year .", "for 2017 , 64% ( 64 % ) of the net revenues in equity securities were generated from corporate investments and 36% ( 36 % ) were generated from real estate .", "net revenues in debt securities and loans were $ 2.66 billion , 57% ( 57 % ) higher than 2016 , reflecting significantly higher net interest income ( 2017 included approximately $ 1.80 billion of net interest income ) .", "60 goldman sachs 2018 form 10-k ." ]

[ [ "", "Year Ended December" ], [ "<i>$ in millions</i>", "2018", "2017", "2016" ], [ "Equity securities", "$4,455", "$4,578", "$2,573" ], [ "Debt securities and loans", "3,795", "2,660", "1,689" ], [ "Total net revenues", "8,250", "7,238", "4,262" ], [ "Provision for credit losses", "674", "657", "182" ], [ "Operating expenses", "3,365", "2,796", "2,386" ], [ "Pre-taxearnings", "$4,211", "$3,785", "$1,694" ] ]

[ [ "$ in millions", "year ended december 2018", "year ended december 2017", "year ended december 2016" ], [ "equity securities", "$ 4455", "$ 4578", "$ 2573" ], [ "debt securities and loans", "3795", "2660", "1689" ], [ "total net revenues", "8250", "7238", "4262" ], [ "provision for credit losses", "674", "657", "182" ], [ "operating expenses", "3365", "2796", "2386" ], [ "pre-taxearnings", "$ 4211", "$ 3785", "$ 1694" ] ]

[ { "arg1": "const_100", "arg2": "14", "op": "minus1-1", "res": "86" }, { "arg1": "#0", "arg2": "const_100", "op": "divide1-2", "res": ".86" }, { "arg1": "#1", "arg2": "8.25", "op": "multiply1-3", "res": "7.1" } ]

[ "table 20 : pro forma transitional basel iii tier 1 common capital ratio dollars in millions december 31 ." ]

[ "estimated basel iii transitional tier 1 common capital ( with 2014 phase-ins ) $ 28886 basel i risk-weighted assets calculated as applicable for 2014 272321 pro forma basel iii transitional tier 1 common capital ratio ( with 2014 phase-ins ) 10.6% ( 10.6 % ) ( a ) represents net adjustments related to accumulated other comprehensive income for available for sale securities and pension and other postretirement benefit plans .", "pnc utilizes these fully implemented and transitional basel iii capital ratios to assess its capital position , including comparison to similar estimates made by other financial institutions .", "these basel iii capital estimates are likely to be impacted by any additional regulatory guidance , continued analysis by pnc as to the application of the rules to pnc , and in the case of ratios calculated using the advanced approaches , the ongoing evolution , validation and regulatory approval of pnc 2019s models integral to the calculation of advanced approaches risk-weighted assets .", "the access to and cost of funding for new business initiatives , the ability to undertake new business initiatives including acquisitions , the ability to engage in expanded business activities , the ability to pay dividends or repurchase shares or other capital instruments , the level of deposit insurance costs , and the level and nature of regulatory oversight depend , in large part , on a financial institution 2019s capital strength .", "we provide additional information regarding enhanced capital requirements and some of their potential impacts on pnc in item 1 business 2013 supervision and regulation , item 1a risk factors and note 22 regulatory matters in the notes to consolidated financial statements in item 8 of this report .", "off-balance sheet arrangements and variable interest entities we engage in a variety of activities that involve unconsolidated entities or that are otherwise not reflected in our consolidated balance sheet that are generally referred to as 201coff-balance sheet arrangements . 201d additional information on these types of activities is included in the following sections of this report : 2022 commitments , including contractual obligations and other commitments , included within the risk management section of this item 7 , 2022 note 3 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements included in item 8 of this report , 2022 note 14 capital securities of subsidiary trusts and perpetual trust securities in the notes to consolidated financial statements included in item 8 of this report , and 2022 note 24 commitments and guarantees in the notes to consolidated financial statements included in item 8 of this report .", "pnc consolidates variable interest entities ( vies ) when we are deemed to be the primary beneficiary .", "the primary beneficiary of a vie is determined to be the party that meets both of the following criteria : ( i ) has the power to make decisions that most significantly affect the economic performance of the vie ; and ( ii ) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the vie .", "a summary of vies , including those that we have consolidated and those in which we hold variable interests but have not consolidated into our financial statements , as of december 31 , 2013 and december 31 , 2012 is included in note 3 in the notes to consolidated financial statements included in item 8 of this report .", "trust preferred securities and reit preferred securities we are subject to certain restrictions , including restrictions on dividend payments , in connection with $ 206 million in principal amount of an outstanding junior subordinated debenture associated with $ 200 million of trust preferred securities ( both amounts as of december 31 , 2013 ) that were issued by pnc capital trust c , a subsidiary statutory trust .", "generally , if there is ( i ) an event of default under the debenture , ( ii ) pnc elects to defer interest on the debenture , ( iii ) pnc exercises its right to defer payments on the related trust preferred security issued by the statutory trust , or ( iv ) there is a default under pnc 2019s guarantee of such payment obligations , as specified in the applicable governing documents , then pnc would be subject during the period of such default or deferral to restrictions on dividends and other provisions protecting the status of the debenture holders similar to or in some ways more restrictive than those potentially imposed under the exchange agreement with pnc preferred funding trust ii .", "see note 14 capital securities of subsidiary trusts and perpetual trust securities in the notes to consolidated financial statements in item 8 of this report for additional information on contractual limitations on dividend payments resulting from securities issued by pnc preferred funding trust i and pnc preferred funding trust ii .", "see the liquidity risk management portion of the risk management section of this item 7 for additional information regarding our first quarter 2013 redemption of the reit preferred securities issued by pnc preferred funding trust iii and additional discussion of redemptions of trust preferred securities .", "48 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ [ "Dollars in millions", "December 31 2013" ], [ "Basel I Tier 1 common capital", "$28,484" ], [ "Less phased-in regulatory capital adjustments:", "" ], [ "Basel III quantitative limits", "(228)" ], [ "Accumulated other comprehensive income (a)", "39" ], [ "Other intangibles", "381" ], [ "All other adjustments", "210" ], [ "Estimated Basel III Transitional Tier 1 common capital (with 2014 phase-ins)", "$28,886" ], [ "Basel I risk-weighted assets calculated as applicable for 2014", "272,321" ], [ "Pro forma Basel III Transitional Tier 1 common capital ratio (with 2014phase-ins)", "10.6%" ] ]

[ [ "dollars in millions", "december 31 2013" ], [ "basel i tier 1 common capital", "$ 28484" ], [ "less phased-in regulatory capital adjustments:", "" ], [ "basel iii quantitative limits", "-228 ( 228 )" ], [ "accumulated other comprehensive income ( a )", "39" ], [ "other intangibles", "381" ], [ "all other adjustments", "210" ], [ "estimated basel iii transitional tier 1 common capital ( with 2014 phase-ins )", "$ 28886" ], [ "basel i risk-weighted assets calculated as applicable for 2014", "272321" ], [ "pro forma basel iii transitional tier 1 common capital ratio ( with 2014phase-ins )", "10.6% ( 10.6 % )" ] ]

[]

[ "korea engineering plastics co. , ltd .", "founded in 1987 , kepco is the leading producer of pom in south korea .", "kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .", "( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .", "kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .", "in a world-scale pom facility in nantong , china .", "polyplastics co. , ltd .", "polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .", "established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .", "fortron industries llc .", "fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , 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 .", "established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .", "( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .", "of japan ) .", "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 .", "china acetate strategic ventures .", "we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .", "these include the nantong cellulose fibers co .", "ltd. , kunming cellulose fibers co .", "ltd .", "and zhuhai cellulose fibers co .", "ltd .", "the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .", "with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .", "combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .", "in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .", "since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .", "our chinese acetate ventures fund their operations using operating cash flow .", "during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .", "in 2010 , we made contributions of $ 12 million .", "our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .", "in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .", "although our ownership interest in each of our china acetate 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 ( 201cus gaap 201d ) .", "2022 other equity method investments infraservs .", "we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .", "the table below represents our equity investments in infraserv ventures as of december 31 , 2011: ." ]

[ "." ]

[ [ "", "Ownership %" ], [ "InfraServ GmbH & Co. Gendorf KG", "39" ], [ "InfraServ GmbH & Co. Knapsack KG", "27" ], [ "InfraServ GmbH & Co. Hoechst KG", "32" ] ]

[ [ "", "ownership % ( % )" ], [ "infraserv gmbh & co . gendorf kg", "39" ], [ "infraserv gmbh & co . knapsack kg", "27" ], [ "infraserv gmbh & co . hoechst kg", "32" ] ]

[ { "arg1": "71", "arg2": "56", "op": "minus2-1", "res": "15" }, { "arg1": "#0", "arg2": "56", "op": "divide2-2", "res": "26.8%" } ]

[ "humana inc .", "notes to consolidated financial statements 2014 ( continued ) the grant-date fair value of the award will be estimated using option-pricing models .", "in addition , certain tax effects of stock option exercises will be reported as a financing activity rather than an operating activity in the statements of cash flows .", "we adopted sfas 123r on january 1 , 2006 under the retrospective transition method using the black-scholes pricing model .", "the effect of expensing stock options under a fair value approach using the black-scholes pricing model on diluted earnings per common share for the years ended december 31 , 2005 , 2004 and 2003 is disclosed on page 69 .", "in addition , the classification of cash inflows from any excess tax benefit associated with exercising stock options will change from an operating activity to a financing activity in the consolidated statements of cash flows with no impact on total cash flows .", "we estimate the impact of this change in classification will decrease operating cash flows ( and increase financing cash flows ) by approximately $ 15.5 million in 2005 , $ 3.7 million in 2004 , and $ 15.2 million in 2003 .", "stock option expense after adopting sfas 123r is not expected to be materially different than our pro forma disclosure on page 69 and is dependent on levels of stock options granted during 2006 .", "3 .", "acquisitions in january 2006 , our commercial segment reached an agreement to acquire cha service company , or cha health , a health plan serving employer groups in kentucky , for cash consideration of approximately $ 60.0 million plus any excess statutory surplus .", "this transaction , which is subject to regulatory approval , is expected to close effective in the second quarter of 2006 .", "on december 20 , 2005 , our commercial segment acquired corphealth , inc. , or corphealth , a behavioral health care management company , for cash consideration of approximately $ 54.2 million , including transaction costs .", "this acquisition allows humana to integrate coverage of medical and behavior health benefits .", "net tangible assets acquired of $ 6.0 million primarily consisted of cash and cash equivalents .", "the purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $ 48.2 million .", "we preliminarily allocated this excess purchase price to other intangible assets of $ 8.6 million and associated deferred tax liabilities of $ 3.2 million , and non-deductible goodwill of $ 42.8 million .", "the other intangible assets , which consist primarily of customer contracts , have a weighted average useful life of 14.7 years .", "the allocation is subject to change pending completion of the valuation by a third party valuation specialist firm assisting us in evaluating the fair value of the assets acquired .", "on february 16 , 2005 , our government segment acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company .", "careplus provides medicare advantage hmo plans and benefits to medicare advantage members in miami-dade , broward and palm beach counties .", "this acquisition enhances our medicare market position in south florida .", "we paid approximately $ 444.9 million in cash , including transaction costs .", "we financed the transaction with $ 294.0 million of borrowings under our credit agreement and $ 150.9 million of cash on hand .", "the purchase price is subject to a balance sheet settlement process with a nine month claims run-out period .", "this settlement , which will be reflected as an adjustment to goodwill , is not expected to be material .", "the fair value of the acquired tangible assets ( assumed liabilities ) consisted of the following: ." ]

[ "." ]

[ [ "", "(in thousands)" ], [ "Cash and cash equivalents", "$92,116" ], [ "Premiums receivable and other current assets", "6,510" ], [ "Property and equipment and other assets", "21,315" ], [ "Medical and other expenses payable", "(37,375)" ], [ "Other current liabilities", "(23,359)" ], [ "Other liabilities", "(5,915)" ], [ "Net tangible assets acquired", "$53,292" ] ]

[ [ "", "( in thousands )" ], [ "cash and cash equivalents", "$ 92116" ], [ "premiums receivable and other current assets", "6510" ], [ "property and equipment and other assets", "21315" ], [ "medical and other expenses payable", "-37375 ( 37375 )" ], [ "other current liabilities", "-23359 ( 23359 )" ], [ "other liabilities", "-5915 ( 5915 )" ], [ "net tangible assets acquired", "$ 53292" ] ]

[ { "arg1": "6510", "arg2": "92116", "op": "add2-1", "res": "98626" }, { "arg1": "#0", "arg2": "21315", "op": "add2-2", "res": "119941" } ]

[ "conduit assets by asset origin ." ]

[ "the conduits meet the definition of a vie , as defined by fin 46 ( r ) .", "we have determined that we are not the primary beneficiary of the conduits , as defined by fin 46 ( r ) , and do not record them in our consolidated financial statements .", "we hold no direct or indirect ownership interest in the conduits , but we provide subordinated financial support to them through contractual arrangements .", "standby letters of credit absorb certain actual credit losses from the conduit assets ; our commitment under these letters of credit totaled $ 1.00 billion and $ 1.04 billion at december 31 , 2008 and 2007 , respectively .", "liquidity asset purchase agreements provide liquidity to the conduits in the event they cannot place commercial paper in the ordinary course of their business ; these facilities , which require us to purchase assets from the conduits at par , would provide the needed liquidity to repay maturing commercial paper if there was a disruption in the asset-backed commercial paper market .", "the aggregate commitment under the liquidity asset purchase agreements was approximately $ 23.59 billion and $ 28.37 billion at december 31 , 2008 and 2007 , respectively .", "we did not accrue for any losses associated with either our commitment under the standby letters of credit or the liquidity asset purchase agreements in our consolidated statement of condition at december 31 , 2008 or 2007 .", "during the first quarter of 2008 , pursuant to the contractual terms of our liquidity asset purchase agreements with the conduits , we were required to purchase $ 850 million of conduit assets .", "the purchase was the result of various factors , including the continued illiquidity in the commercial paper markets .", "the securities were purchased at prices determined in accordance with existing contractual terms in the liquidity asset purchase agreements , and which exceeded their fair value .", "accordingly , during the first quarter of 2008 , the securities were written down to their fair value through a $ 12 million reduction of processing fees and other revenue in our consolidated statement of income , and are carried at fair value in securities available for sale in our consolidated statement of condition .", "none of our liquidity asset purchase agreements with the conduits were drawn upon during the remainder of 2008 , and no draw-downs on the standby letters of credit occurred during 2008 .", "the conduits generally sell commercial paper to independent third-party investors .", "however , we sometimes purchase commercial paper from the conduits .", "as of december 31 , 2008 , we held an aggregate of approximately $ 230 million of commercial paper issued by the conduits , and $ 2 million at december 31 , 2007 .", "in addition , approximately $ 5.70 billion of u.s .", "conduit-issued commercial paper had been sold to the cpff .", "the cpff is scheduled to expire on october 31 , 2009 .", "the weighted-average maturity of the conduits 2019 commercial paper in the aggregate was approximately 25 days as of december 31 , 2008 , compared to approximately 20 days as of december 31 , 2007 .", "each of the conduits has issued first-loss notes to independent third parties , which third parties absorb first- dollar losses related to credit risk .", "aggregate first-loss notes outstanding at december 31 , 2008 for the four conduits totaled $ 67 million , compared to $ 32 million at december 31 , 2007 .", "actual credit losses of the conduits ." ]

[ [ "", "2008", "2007" ], [ "(Dollars in billions)", "Amount", "Percent of Total Conduit Assets", "Amount", "Percent of Total Conduit Assets" ], [ "United States", "$11.09", "46%", "$12.14", "42%" ], [ "Australia", "4.30", "17", "6.10", "21" ], [ "Great Britain", "1.97", "8", "2.93", "10" ], [ "Spain", "1.71", "7", "1.90", "7" ], [ "Italy", "1.66", "7", "1.86", "7" ], [ "Portugal", "0.62", "3", "0.70", "2" ], [ "Germany", "0.57", "3", "0.70", "2" ], [ "Netherlands", "0.40", "2", "0.55", "2" ], [ "Belgium", "0.29", "1", "0.31", "1" ], [ "Greece", "0.27", "1", "0.31", "1" ], [ "Other", "1.01", "5", "1.26", "5" ], [ "Total conduit assets", "$23.89", "100%", "$28.76", "100%" ] ]

[ [ "( dollars in billions )", "2008 amount", "2008 percent of total conduit assets", "2008 amount", "percent of total conduit assets" ], [ "united states", "$ 11.09", "46% ( 46 % )", "$ 12.14", "42% ( 42 % )" ], [ "australia", "4.30", "17", "6.10", "21" ], [ "great britain", "1.97", "8", "2.93", "10" ], [ "spain", "1.71", "7", "1.90", "7" ], [ "italy", "1.66", "7", "1.86", "7" ], [ "portugal", "0.62", "3", "0.70", "2" ], [ "germany", "0.57", "3", "0.70", "2" ], [ "netherlands", "0.40", "2", "0.55", "2" ], [ "belgium", "0.29", "1", "0.31", "1" ], [ "greece", "0.27", "1", "0.31", "1" ], [ "other", "1.01", "5", "1.26", "5" ], [ "total conduit assets", "$ 23.89", "100% ( 100 % )", "$ 28.76", "100% ( 100 % )" ] ]

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