Datasets:

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MehdiHosseiniMoghadam

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ConvFinQA

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[ "shares of citigroup common stock .", "the number of shares to be delivered will equal the cse award value divided by the then fair market value of the common stock .", "for cses awarded to certain employees whose compensation structure was approved by the special master , 50% ( 50 % ) of the shares to be delivered in april 2010 will be subject to restrictions on sale and transfer until january 20 , 2011 .", "in lieu of 2010 cap awards , certain retirement-eligible employees were instead awarded cses payable in april 2010 , but any shares that are to be delivered in april 2010 ( subject to stockholder approval ) will be subject to restrictions on sale or transfer that will lapse in four equal annual installments beginning january 20 , 2011 .", "cse awards have generally been accrued as compensation expenses in the year 2009 and will be recorded as a liability from the january 2010 grant date until the settlement date in april 2010 .", "if stockholders approve delivery of citigroup stock for the cse awards , cse awards will likely be paid as new issues of common stock as an exception to the company 2019s practice of delivering shares from treasury stock , and the recorded liability will be reclassified as equity at that time .", "in january 2009 , members of the management executive committee ( except the ceo and cfo ) received 30% ( 30 % ) of their incentive awards for 2008 as performance vesting-equity awards .", "these awards vest 50% ( 50 % ) if the price of citigroup common stock meets a price target of $ 10.61 , and 50% ( 50 % ) for a price target of $ 17.85 , in each case on or prior to january 14 , 2013 .", "the price target will be met only if the nyse closing price equals or exceeds the applicable price target for at least 20 nyse trading days within any period of 30 consecutive nyse trading days ending on or before january 14 , 2013 .", "any shares that have not vested by such date will vest according to a fraction , the numerator of which is the share price on the delivery date and the denominator of which is the price target of the unvested shares .", "no dividend equivalents are paid on unvested awards .", "fair value of the awards is recognized as compensation expense ratably over the vesting period .", "on july 17 , 2007 , the committee approved the management committee long-term incentive plan ( mc ltip ) ( pursuant to the terms of the shareholder-approved 1999 stock incentive plan ) under which participants received an equity award that could be earned based on citigroup 2019s performance against various metrics relative to peer companies and publicly- stated return on equity ( roe ) targets measured at the end of each calendar year beginning with 2007 .", "the final expense for each of the three consecutive calendar years was adjusted based on the results of the roe tests .", "no awards were earned for 2009 , 2008 or 2007 and no shares were issued because performance targets were not met .", "no new awards were made under the mc ltip since the initial award in july 2007 .", "cap participants in 2008 , 2007 , 2006 and 2005 , and fa cap participants in those years and in 2009 , could elect to receive all or part of their award in stock options .", "the figures presented in the stock option program tables ( see 201cstock option programs 201d below ) include options granted in lieu of cap and fa cap stock awards in those years .", "a summary of the status of citigroup 2019s unvested stock awards at december 31 , 2009 and changes during the 12 months ended december 31 , 2009 are presented below : unvested stock awards shares weighted-average grant date fair value ." ]

[ "( 1 ) the weighted-average market value of the vestings during 2009 was approximately $ 3.64 per share .", "at december 31 , 2009 , there was $ 1.6 billion of total unrecognized compensation cost related to unvested stock awards net of the forfeiture provision .", "that cost is expected to be recognized over a weighted-average period of 1.3 years. ." ]

[ [ "Unvested stock awards", "Shares", "Weighted-average grant date fair value" ], [ "Unvested at January 1, 2009", "226,210,859", "$36.23" ], [ "New awards", "162,193,923", "$4.35" ], [ "Cancelled awards", "(51,873,773)", "$26.59" ], [ "Deleted awards", "(568,377)", "$13.91" ], [ "Vested awards(1)", "(148,011,884)", "$25.96" ], [ "Unvested at December 31, 2009", "187,950,748", "$19.53" ] ]

[ [ "unvested stock awards", "shares", "weighted-average grant date fair value" ], [ "unvested at january 1 2009", "226210859", "$ 36.23" ], [ "new awards", "162193923", "$ 4.35" ], [ "cancelled awards", "-51873773 ( 51873773 )", "$ 26.59" ], [ "deleted awards", "-568377 ( 568377 )", "$ 13.91" ], [ "vested awards ( 1 )", "-148011884 ( 148011884 )", "$ 25.96" ], [ "unvested at december 31 2009", "187950748", "$ 19.53" ] ]

[]

[ "marathon oil corporation notes to consolidated financial statements been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for all periods presented .", "discontinued operations 2014revenues and pretax income associated with our discontinued irish and gabonese operations are shown in the following table : ( in millions ) 2009 2008 2007 ." ]

[ "angola disposition 2013 in july 2009 , we entered into an agreement to sell an undivided 20 percent outside- operated interest in the production sharing contract and joint operating agreement in block 32 offshore angola for $ 1.3 billion , excluding any purchase price adjustments at closing , with an effective date of january 1 , 2009 .", "the sale closed and we received net proceeds of $ 1.3 billion in february 2010 .", "the pretax gain on the sale will be approximately $ 800 million .", "we retained a 10 percent outside-operated interest in block 32 .", "gabon disposition 2013 in december 2009 , we closed the sale of our operated fields offshore gabon , receiving net proceeds of $ 269 million , after closing adjustments .", "a $ 232 million pretax gain on this disposition was reported in discontinued operations for 2009 .", "permian basin disposition 2013 in june 2009 , we closed the sale of our operated and a portion of our outside- operated permian basin producing assets in new mexico and west texas for net proceeds after closing adjustments of $ 293 million .", "a $ 196 million pretax gain on the sale was recorded .", "ireland dispositions 2013 in april 2009 , we closed the sale of our operated properties in ireland for net proceeds of $ 84 million , after adjusting for cash held by the sold subsidiary .", "a $ 158 million pretax gain on the sale was recorded .", "as a result of this sale , we terminated our pension plan in ireland , incurring a charge of $ 18 million .", "in june 2009 , we entered into an agreement to sell the subsidiary holding our 19 percent outside-operated interest in the corrib natural gas development offshore ireland .", "total proceeds were estimated to range between $ 235 million and $ 400 million , subject to the timing of first commercial gas at corrib and closing adjustments .", "at closing on july 30 , 2009 , the initial $ 100 million payment plus closing adjustments was received .", "the fair value of the proceeds was estimated to be $ 311 million .", "fair value of anticipated sale proceeds includes ( i ) $ 100 million received at closing , ( ii ) $ 135 million minimum amount due at the earlier of first gas or december 31 , 2012 , and ( iii ) a range of zero to $ 165 million of contingent proceeds subject to the timing of first commercial gas .", "a $ 154 million impairment of the held for sale asset was recognized in discontinued operations in the second quarter of 2009 ( see note 16 ) since the fair value of the disposal group was less than the net book value .", "final proceeds will range between $ 135 million ( minimum amount ) to $ 300 million and are due on the earlier of first commercial gas or december 31 , 2012 .", "the fair value of the expected final proceeds was recorded as an asset at closing .", "as a result of new public information in the fourth quarter of 2009 , a writeoff was recorded on the contingent portion of the proceeds ( see note 10 ) .", "existing guarantees of our subsidiaries 2019 performance issued to irish government entities will remain in place after the sales until the purchasers issue similar guarantees to replace them .", "the guarantees , related to asset retirement obligations and natural gas production levels , have been indemnified by the purchasers .", "the fair value of these guarantees is not significant .", "norwegian disposition 2013 on october 31 , 2008 , we closed the sale of our norwegian outside-operated e&p properties and undeveloped offshore acreage in the heimdal area of the norwegian north sea for net proceeds of $ 301 million , with a pretax gain of $ 254 million as of december 31 , 2008 .", "pilot travel centers disposition 2013 on october 8 , 2008 , we completed the sale of our 50 percent ownership interest in ptc .", "sale proceeds were $ 625 million , with a pretax gain on the sale of $ 126 million .", "immediately preceding the sale , we received a $ 75 million partial redemption of our ownership interest from ptc that was accounted for as a return of investment .", "this was an investment of our rm&t segment. ." ]

[ [ "<i>(In millions)</i>", "2009", "2008", "2007" ], [ "Revenues applicable to discontinued operations", "$188", "$439", "$456" ], [ "Pretax income from discontinued operations", "$80", "$221", "$281" ] ]

[ [ "( in millions )", "2009", "2008", "2007" ], [ "revenues applicable to discontinued operations", "$ 188", "$ 439", "$ 456" ], [ "pretax income from discontinued operations", "$ 80", "$ 221", "$ 281" ] ]

[ { "arg1": "80", "arg2": "281", "op": "minus2-1", "res": "-201" }, { "arg1": "#0", "arg2": "281", "op": "divide2-2", "res": "-71.5%" } ]

[ "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" ] ]

[]

[ "the years ended december 31 , 2008 , 2007 and 2006 , due to ineffectiveness and amounts excluded from the assessment of hedge effectiveness , was not significant .", "for contracts outstanding at december 31 , 2008 , we have an obligation to purchase u.s .", "dollars and sell euros , japanese yen , british pounds , canadian dollars , australian dollars and korean won and purchase swiss francs and sell u.s .", "dollars at set maturity dates ranging from january 2009 through june 2011 .", "the notional amounts of outstanding forward contracts entered into with third parties to purchase u.s .", "dollars at december 31 , 2008 were $ 1343.0 million .", "the notional amounts of outstanding forward contracts entered into with third parties to purchase swiss francs at december 31 , 2008 were $ 207.5 million .", "the fair value of outstanding derivative instruments recorded on the balance sheet at december 31 , 2008 , together with settled derivatives where the hedged item has not yet affected earnings , was a net unrealized gain of $ 32.7 million , or $ 33.0 million net of taxes , which is deferred in other comprehensive income , of which $ 16.4 million , or $ 17.9 million , net of taxes , is expected to be reclassified to earnings over the next twelve months .", "we also enter into foreign currency forward exchange contracts with terms of one month to manage currency exposures for assets and liabilities denominated in a currency other than an entity 2019s functional currency .", "as a result , any foreign currency remeasurement gains/losses recognized in earnings under sfas no .", "52 , 201cforeign currency translation , 201d are generally offset with gains/losses on the foreign currency forward exchange contracts in the same reporting period .", "other comprehensive income 2013 other comprehensive income refers to revenues , expenses , gains and losses that under generally accepted accounting principles are included in comprehensive income but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders 2019 equity .", "other comprehensive income is comprised of foreign currency translation adjustments , unrealized foreign currency hedge gains and losses , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions .", "in 2006 we adopted sfas 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans 2013 an amendment of fasb statements no .", "87 , 88 , 106 and 132 ( r ) . 201d this statement required recognition of the funded status of our benefit plans in the statement of financial position and recognition of certain deferred gains or losses in other comprehensive income .", "we recorded an unrealized loss of $ 35.4 million in other comprehensive income during 2006 related to the adoption of sfas 158 .", "the components of accumulated other comprehensive income are as follows ( in millions ) : balance at december 31 , comprehensive income ( loss ) balance at december 31 ." ]

[ "during 2008 , we reclassified an investment previously accounted for under the equity method to an available-for-sale investment as we no longer exercised significant influence over the third-party investee .", "the investment was marked-to- market in accordance with sfas 115 , 201caccounting for certain investments in debt and equity securities , 201d resulting in a net unrealized gain of $ 23.8 million recorded in other comprehensive income for 2008 .", "this unrealized gain was reclassified to the income statement when we sold this investment in 2008 for total proceeds of $ 54.9 million and a gross realized gain of $ 38.8 million included in interest and other income .", "the basis of these securities was determined based on the consideration paid at the time of acquisition .", "treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of shareholders equity .", "we may reissue common stock held in treasury only for limited purposes .", "accounting pronouncements 2013 in september 2006 , the fasb issued sfas no .", "157 , 201cfair value measurements , 201d which defines fair value , establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements .", "this statement does not require any new fair value measurements , but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information .", "sfas no .", "157 is effective for financial statements issued for fiscal years beginning after november 15 , 2007 and interim periods within those fiscal years .", "in february 2008 , the fasb issued fasb staff position ( fsp ) no .", "sfas 157-2 , which delays the effective date of certain provisions of sfas no .", "157 relating to non-financial assets and liabilities measured at fair value on a non-recurring basis until fiscal years beginning after november 15 , 2008 .", "the full adoption of sfas no .", "157 is not expected to have a material impact on our consolidated financial statements or results of operations .", "z i m m e r h o l d i n g s , i n c .", "2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 046000000 ***%%pcmsg|46 |00009|yes|no|02/24/2009 19:24|0|0|page is valid , no graphics -- color : d| ." ]

[ [ "", "Balance at December 31, 2007", "Other Comprehensive Income (Loss)", "Balance at December 31, 2008" ], [ "Foreign currency translation", "$368.8", "$(49.4)", "$319.4" ], [ "Foreign currency hedges", "(45.4)", "78.4", "33.0" ], [ "Unrealized gain/(loss) on securities", "(1.9)", "0.6", "(1.3)" ], [ "Unrecognized prior service cost and unrecognized gain/(loss) in actuarial assumptions", "(31.2)", "(79.9)", "(111.1)" ], [ "Accumulated other comprehensive income", "$290.3", "$(50.3)", "$240.0" ] ]

[ [ "", "balance at december 31 2007", "other comprehensive income ( loss )", "balance at december 31 2008" ], [ "foreign currency translation", "$ 368.8", "$ -49.4 ( 49.4 )", "$ 319.4" ], [ "foreign currency hedges", "-45.4 ( 45.4 )", "78.4", "33.0" ], [ "unrealized gain/ ( loss ) on securities", "-1.9 ( 1.9 )", "0.6", "-1.3 ( 1.3 )" ], [ "unrecognized prior service cost and unrecognized gain/ ( loss ) in actuarial assumptions", "-31.2 ( 31.2 )", "-79.9 ( 79.9 )", "-111.1 ( 111.1 )" ], [ "accumulated other comprehensive income", "$ 290.3", "$ -50.3 ( 50.3 )", "$ 240.0" ] ]

[]

[ "provision for income taxes increased $ 1791 million in 2012 from 2011 primarily due to the increase in pretax income from continuing operations , including the impact of the resumption of sales in libya in the first quarter of 2012 .", "the following is an analysis of the effective income tax rates for 2012 and 2011: ." ]

[ "the effective income tax rate is influenced by a variety of factors including the geographic sources of income and the relative magnitude of these sources of income .", "the provision for income taxes is allocated on a discrete , stand-alone basis to pretax segment income and to individual items not allocated to segments .", "the difference between the total provision and the sum of the amounts allocated to segments appears in the \"corporate and other unallocated items\" shown in the reconciliation of segment income to net income below .", "effects of foreign operations 2013 the effects of foreign operations on our effective tax rate increased in 2012 as compared to 2011 , primarily due to the resumption of sales in libya in the first quarter of 2012 , where the statutory rate is in excess of 90 percent .", "change in permanent reinvestment assertion 2013 in the second quarter of 2011 , we recorded $ 716 million of deferred u.s .", "tax on undistributed earnings of $ 2046 million that we previously intended to permanently reinvest in foreign operations .", "offsetting this tax expense were associated foreign tax credits of $ 488 million .", "in addition , we reduced our valuation allowance related to foreign tax credits by $ 228 million due to recognizing deferred u.s .", "tax on previously undistributed earnings .", "adjustments to valuation allowances 2013 in 2012 and 2011 , we increased the valuation allowance against foreign tax credits because it is more likely than not that we will be unable to realize all u.s .", "benefits on foreign taxes accrued in those years .", "see item 8 .", "financial statements and supplementary data - note 10 to the consolidated financial statements for further information about income taxes .", "discontinued operations is presented net of tax , and reflects our downstream business that was spun off june 30 , 2011 and our angola business which we agreed to sell in 2013 .", "see item 8 .", "financial statements and supplementary data 2013 notes 3 and 6 to the consolidated financial statements for additional information. ." ]

[ [ "", "2012", "2011" ], [ "Statutory rate applied to income from continuing operations before income taxes", "35%", "35%" ], [ "Effects of foreign operations, including foreign tax credits", "18", "6" ], [ "Change in permanent reinvestment assertion", "—", "5" ], [ "Adjustments to valuation allowances", "21", "14" ], [ "Tax law changes", "—", "1" ], [ "Effective income tax rate on continuing operations", "74%", "61%" ] ]

[ [ "", "2012", "2011" ], [ "statutory rate applied to income from continuing operations before income taxes", "35% ( 35 % )", "35% ( 35 % )" ], [ "effects of foreign operations including foreign tax credits", "18", "6" ], [ "change in permanent reinvestment assertion", "2014", "5" ], [ "adjustments to valuation allowances", "21", "14" ], [ "tax law changes", "2014", "1" ], [ "effective income tax rate on continuing operations", "74% ( 74 % )", "61% ( 61 % )" ] ]

[]

[ "through the certegy merger , the company has an obligation to service $ 200 million ( aggregate principal amount ) of unsecured 4.75% ( 4.75 % ) fixed-rate notes due in 2008 .", "the notes were recorded in purchase accounting at a discount of $ 5.7 million , which is being amortized over the term of the notes .", "the notes accrue interest at a rate of 4.75% ( 4.75 % ) per year , payable semi-annually in arrears on each march 15 and september 15 .", "on april 11 , 2005 , fis entered into interest rate swap agreements which have effectively fixed the interest rate at approximately 5.4% ( 5.4 % ) through april 2008 on $ 350 million of the term loan facilities ( or its replacement debt ) and at approximately 5.2% ( 5.2 % ) through april 2007 on an additional $ 350 million of the term loan .", "the company has designated these interest rate swaps as cash flow hedges in accordance with sfas no .", "133 .", "the estimated fair value of the cash flow hedges results in an asset to the company of $ 4.9 million and $ 5.2 million , as of december 31 , 2006 and december 31 , 2005 , respectively , which is included in the accompanying consolidated balance sheets in other noncurrent assets and as a component of accumulated other comprehensive earnings , net of deferred taxes .", "a portion of the amount included in accumulated other comprehensive earnings is reclassified into interest expense as a yield adjustment as interest payments are made on the term loan facilities .", "the company 2019s existing cash flow hedges are highly effective and there is no current impact on earnings due to hedge ineffectiveness .", "it is the policy of the company to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes .", "principal maturities at december 31 , 2006 ( and at december 31 , 2006 after giving effect to the debt refinancing completed on january 18 , 2007 ) for the next five years and thereafter are as follows ( in thousands ) : december 31 , january 18 , 2007 refinancing ." ]

[ "fidelity national information services , inc .", "and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) ." ]

[ [ "", "December 31, 2006", "January 18, 2007 Refinancing" ], [ "2007", "$61,661", "$96,161" ], [ "2008", "257,541", "282,041" ], [ "2009", "68,129", "145,129" ], [ "2010", "33,586", "215,586" ], [ "2011", "941,875", "165,455" ], [ "Thereafter", "1,646,709", "2,105,129" ], [ "Total", "$3,009,501", "$3,009,501" ] ]

[ [ "", "december 31 2006", "january 18 2007 refinancing" ], [ "2007", "$ 61661", "$ 96161" ], [ "2008", "257541", "282041" ], [ "2009", "68129", "145129" ], [ "2010", "33586", "215586" ], [ "2011", "941875", "165455" ], [ "thereafter", "1646709", "2105129" ], [ "total", "$ 3009501", "$ 3009501" ] ]

[]

[ "entergy louisiana , llc 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 retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 .", "refer to \"hurricane rita and hurricane katrina\" and \"state and local rate regulation\" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing .", "the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 .", "purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges .", "see \"state and local rate regulation\" below for a discussion of the formula rate plan filing .", "the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales .", "gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage .", "the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits .", "fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. ." ]

[ [ "", "Amount (In Millions)" ], [ "2007 net revenue", "$991.1" ], [ "Retail electric price", "(17.1)" ], [ "Purchased power capacity", "(12.0)" ], [ "Net wholesale revenue", "(7.4)" ], [ "Other", "4.6" ], [ "2008 net revenue", "$959.2" ] ]

[ [ "", "amount ( in millions )" ], [ "2007 net revenue", "$ 991.1" ], [ "retail electric price", "-17.1 ( 17.1 )" ], [ "purchased power capacity", "-12.0 ( 12.0 )" ], [ "net wholesale revenue", "-7.4 ( 7.4 )" ], [ "other", "4.6" ], [ "2008 net revenue", "$ 959.2" ] ]

[ { "arg1": "959.2", "arg2": "991.1", "op": "minus1-1", "res": "-31.9" }, { "arg1": "-12.0", "arg2": "#0", "op": "divide1-2", "res": "37.6%" } ]

[ "projected payments relating to these liabilities for the next five years ending december 31 , 2012 and the period from 2013 to 2017 are as follows ( in thousands ) : ." ]

[ "( 18 ) concentration of risk the company generates a significant amount of revenue from large customers , however , no customers accounted for more than 10% ( 10 % ) of total revenue or total segment revenue in the years ended december 31 , 2007 , 2006 and 2005 .", "financial instruments that potentially subject the company to concentrations of credit risk consist primarily of cash equivalents and trade receivables .", "the company places its cash equivalents with high credit quality financial institutions and , by policy , limits the amount of credit exposure with any one financial institution .", "concentrations of credit risk with respect to trade receivables are limited because a large number of geographically diverse customers make up the company 2019s customer base , thus spreading the trade receivables credit risk .", "the company controls credit risk through monitoring procedures .", "( 19 ) segment information upon completion of the certegy merger , the company implemented a new organizational structure , which resulted in a new operating segment structure beginning with the reporting of first quarter 2006 results .", "effective as of february 1 , 2006 , the company 2019s operating segments are tps and lps .", "this structure reflects how the businesses are operated and managed .", "the primary components of the tps segment , which includes certegy 2019s card and check services , the financial institution processing component of the former financial institution software and services segment of fis and the operations acquired from efunds , are enterprise solutions , integrated financial solutions and international businesses .", "the primary components of the lps segment are mortgage information services businesses , which includes the mortgage lender processing component of the former financial institution software and services segment of fis , and the former lender services , default management , and information services segments of fis .", "fidelity national information services , inc .", "and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) ." ]

[ [ "2008", "$980" ], [ "2009", "1,185" ], [ "2010", "978" ], [ "2011", "1,022" ], [ "2012", "1,425" ], [ "2013 - 2017", "$8,147" ] ]

[ [ "2008", "$ 980" ], [ "2009", "1185" ], [ "2010", "978" ], [ "2011", "1022" ], [ "2012", "1425" ], [ "2013 - 2017", "$ 8147" ] ]

[ { "arg1": "978", "arg2": "1185", "op": "minus2-1", "res": "-207" }, { "arg1": "#0", "arg2": "1185", "op": "divide2-2", "res": "-17.5%" } ]

[ "stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc .", "under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing .", "the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group .", "the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc .", "the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims .", "many of these companies are also used by our compensation committee for purposes of compensation benchmarking .", "the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any .", "the s&p 500 and our peer group are included for comparative purposes only .", "they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock .", "s&p 500 quintilesims peer group ." ]

[ "item 6 .", "selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial ." ]

[ [ "", "5/9/2013", "12/31/2013", "12/31/2014", "12/31/2015", "12/31/2016" ], [ "Q", "$100", "$110", "$140", "$163", "$181" ], [ "Peer Group", "$100", "$116", "$143", "$151", "$143" ], [ "S&P 500", "$100", "$114", "$127", "$126", "$138" ] ]

[ [ "", "5/9/2013", "12/31/2013", "12/31/2014", "12/31/2015", "12/31/2016" ], [ "q", "$ 100", "$ 110", "$ 140", "$ 163", "$ 181" ], [ "peer group", "$ 100", "$ 116", "$ 143", "$ 151", "$ 143" ], [ "s&p 500", "$ 100", "$ 114", "$ 127", "$ 126", "$ 138" ] ]

[ { "arg1": "140", "arg2": "const_100", "op": "minus1-1", "res": "40" }, { "arg1": "#0", "arg2": "const_100", "op": "divide1-2", "res": "40%" } ]

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

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

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

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

[ { "arg1": "2500", "arg2": "2232", "op": "minus2-1", "res": "268" }, { "arg1": "#0", "arg2": "2500", "op": "divide2-2", "res": "10.7%" } ]

[ "the following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2015 and 2014 , respectively: ." ]

[ "purchases , issuances and settlements , net .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "76 balance as of december 31 , 2014 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "$ 127 the company 2019s other postretirement benefit plans are partially funded and the assets are held under various trusts .", "the investments and risk mitigation strategies for the plans are tailored specifically for each trust .", "in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and the risk tolerance of the company .", "the company periodically updates the long-term , strategic asset allocations and uses various analytics to determine the optimal asset allocation .", "considerations include plan liability characteristics , liquidity characteristics , funding requirements , expected rates of return and the distribution of returns .", "in june 2012 , the company implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility .", "as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of assets relative to liabilities .", "the initial de-risking asset allocation for the plan was 60% ( 60 % ) return-generating assets and 40% ( 40 % ) liability-driven assets .", "the investment strategies and policies for the plan reflect a balance of liability driven and return-generating considerations .", "the objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset 2014liability matching , asset diversification and hedging .", "the fixed income target asset allocation matches the bond-like and long-dated nature of the postretirement liabilities .", "assets are broadly diversified within asset classes to achieve risk-adjusted returns that in total lower asset volatility relative to the liabilities .", "the company assesses the investment strategy regularly to ensure actual allocations are in line with target allocations as appropriate .", "strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes strategies are employed to provide adequate returns , diversification and liquidity .", "the assets of the company 2019s other trusts , within the other postretirement benefit plans , have been primarily invested in equities and fixed income funds .", "the assets under the various other postretirement benefit trusts are invested differently based on the assets and liabilities of each trust .", "the obligations of the other postretirement benefit plans are dominated by obligations for the medical bargaining trust .", "thirty-nine percent and four percent of the total postretirement plan benefit obligations are related to the medical non-bargaining and life insurance trusts , respectively .", "because expected benefit payments related to the benefit obligations are so far into the future , and the size of the medical non-bargaining and life insurance trusts 2019 obligations are large compared to each trusts 2019 assets , the investment strategy is to allocate a significant portion of the assets 2019 investment to equities , which the company believes will provide the highest long-term return and improve the funding ratio .", "the company engages third party investment managers for all invested assets .", "managers are not permitted to invest outside of the asset class ( e.g .", "fixed income , equity , alternatives ) or strategy for which they have been appointed .", "investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided .", "futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. ." ]

[ [ "", "Level 3" ], [ "Balance as of January 1, 2015", "$127" ], [ "Actual return on assets", "12" ], [ "Purchases, issuances and settlements, net", "(3)" ], [ "Balance as of December 31, 2015", "$136" ] ]

[ [ "", "level 3" ], [ "balance as of january 1 2015", "$ 127" ], [ "actual return on assets", "12" ], [ "purchases issuances and settlements net", "-3 ( 3 )" ], [ "balance as of december 31 2015", "$ 136" ] ]

[ { "arg1": "12", "arg2": "-3", "op": "add1-1", "res": "9" }, { "arg1": "#0", "arg2": "127", "op": "divide1-2", "res": "7.1%" } ]

[ "apple inc .", "| 2018 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend-reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .", "technology supersector index for the five years ended september 29 , 2018 .", "the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .", "technology supersector index as of the market close on september 27 , 2013 .", "note that historic stock price performance is not necessarily indicative of future stock price performance .", "* $ 100 invested on september 27 , 2013 in stock or index , including reinvestment of dividends .", "data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .", "copyright a9 2018 standard & poor 2019s , a division of s&p global .", "all rights reserved .", "copyright a9 2018 s&p dow jones indices llc , a division of s&p global .", "all rights reserved .", "september september september september september september ." ]

[ "." ]

[ [ "", "September2013", "September2014", "September2015", "September2016", "September2017", "September2018" ], [ "Apple Inc.", "$100", "$149", "$173", "$174", "$242", "$359" ], [ "S&P 500 Index", "$100", "$120", "$119", "$137", "$163", "$192" ], [ "S&P Information Technology Index", "$100", "$129", "$132", "$162", "$209", "$275" ], [ "Dow Jones U.S. Technology Supersector Index", "$100", "$130", "$130", "$159", "$203", "$266" ] ]

[ [ "", "september2013", "september2014", "september2015", "september2016", "september2017", "september2018" ], [ "apple inc .", "$ 100", "$ 149", "$ 173", "$ 174", "$ 242", "$ 359" ], [ "s&p 500 index", "$ 100", "$ 120", "$ 119", "$ 137", "$ 163", "$ 192" ], [ "s&p information technology index", "$ 100", "$ 129", "$ 132", "$ 162", "$ 209", "$ 275" ], [ "dow jones u.s . technology supersector index", "$ 100", "$ 130", "$ 130", "$ 159", "$ 203", "$ 266" ] ]

[ { "arg1": "359", "arg2": "100", "op": "minus2-1", "res": "259" }, { "arg1": "#0", "arg2": "100", "op": "divide2-2", "res": "259%" } ]

[ "the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 the preliminary allocation of the purchase price to the fair value of assets acquired and liabilities assumed is as follows ( in millions ) : ." ]

[ "at december 31 , 2011 , the assets acquired and liabilities assumed in the acquisition were recorded at provisional amounts based on the preliminary purchase price allocation .", "the company is in the process of obtaining additional information to identify and measure all assets acquired and liabilities assumed in the acquisition within the measurement period , which could be up to one year from the date of acquisition .", "such provisional amounts will be retrospectively adjusted to reflect any new information about facts and circumstances that existed at the acquisition date that , if known , would have affected the measurement of these amounts .", "additionally , key input assumptions and their sensitivity to the valuation of assets acquired and liabilities assumed are currently being reviewed by management .", "it is likely that the value of the generation business related property , plant and equipment , the intangible asset related to the electric security plan with its regulated customers and long-term coal contracts , the 4.9% ( 4.9 % ) equity ownership interest in the ohio valley electric corporation , and deferred taxes could change as the valuation process is finalized .", "dpler , dpl 2019s wholly-owned competitive retail electric service ( 201ccres 201d ) provider , will also likely have changes in its initial purchase price allocation for the valuation of its intangible assets for the trade name , and customer relationships and contracts .", "as noted in the table above , the preliminary purchase price allocation has resulted in the recognition of $ 2.5 billion of goodwill .", "factors primarily contributing to a price in excess of the fair value of the net tangible and intangible assets include , but are not limited to : the ability to expand the u.s .", "utility platform in the mid-west market , the ability to capitalize on utility management experience gained from ipl , enhanced ability to negotiate with suppliers of fuel and energy , the ability to capture value associated with aes 2019 u.s .", "tax position , a well- positioned generating fleet , the ability of dpl to leverage its assembled workforce to take advantage of growth opportunities , etc .", "our ability to realize the benefit of dpl 2019s goodwill depends on the realization of expected benefits resulting from a successful integration of dpl into aes 2019 existing operations and our ability to respond to the changes in the ohio utility market .", "for example , utilities in ohio continue to face downward pressure on operating margins due to the evolving regulatory environment , which is moving towards a market-based competitive pricing mechanism .", "at the same time , the declining energy prices are also reducing operating ." ]

[ [ "Cash", "$116" ], [ "Accounts receivable", "278" ], [ "Inventory", "124" ], [ "Other current assets", "41" ], [ "Property, plant and equipment", "2,549" ], [ "Intangible assets subject to amortization", "166" ], [ "Intangible assets—indefinite-lived", "5" ], [ "Regulatory assets", "201" ], [ "Other noncurrent assets", "58" ], [ "Current liabilities", "(401)" ], [ "Non-recourse debt", "(1,255)" ], [ "Deferred taxes", "(558)" ], [ "Regulatory liabilities", "(117)" ], [ "Other noncurrent liabilities", "(195)" ], [ "Redeemable preferred stock", "(18)" ], [ "Net identifiable assets acquired", "994" ], [ "Goodwill", "2,489" ], [ "Net assets acquired", "$3,483" ] ]

[ [ "cash", "$ 116" ], [ "accounts receivable", "278" ], [ "inventory", "124" ], [ "other current assets", "41" ], [ "property plant and equipment", "2549" ], [ "intangible assets subject to amortization", "166" ], [ "intangible assets 2014indefinite-lived", "5" ], [ "regulatory assets", "201" ], [ "other noncurrent assets", "58" ], [ "current liabilities", "-401 ( 401 )" ], [ "non-recourse debt", "-1255 ( 1255 )" ], [ "deferred taxes", "-558 ( 558 )" ], [ "regulatory liabilities", "-117 ( 117 )" ], [ "other noncurrent liabilities", "-195 ( 195 )" ], [ "redeemable preferred stock", "-18 ( 18 )" ], [ "net identifiable assets acquired", "994" ], [ "goodwill", "2489" ], [ "net assets acquired", "$ 3483" ] ]

[ { "arg1": "116", "arg2": "278", "op": "add2-1", "res": "394" }, { "arg1": "#0", "arg2": "124", "op": "add2-2", "res": "518" }, { "arg1": "#1", "arg2": "41", "op": "add2-3", "res": "559" } ]

[ "we believe that the presentation of adjusted diluted earnings per share , which excludes withdrawal costs 2013 multiemployer pension funds , restructuring charges , loss on extinguishment of debt , and ( gain ) loss on business dispositions and impairments , net , provides an understanding of operational activities before the financial effect of certain items .", "we use this measure , and believe investors will find it helpful , in understanding the ongoing performance of our operations separate from items that have a disproportionate effect on our results for a particular period .", "we have incurred comparable charges and costs in prior periods , and similar types of adjustments can reasonably be expected to be recorded in future periods .", "our definition of adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies .", "property and equipment , net in 2017 , we anticipate receiving approximately $ 975 million of property and equipment , net of proceeds from sales of property and equipment , as follows: ." ]

[ "results of operations revenue we generate revenue primarily from our solid waste collection operations .", "our remaining revenue is from other services , including transfer station , landfill disposal , recycling , and energy services .", "our residential and small- container commercial collection operations in some markets are based on long-term contracts with municipalities .", "certain of our municipal contracts have annual price escalation clauses that are tied to changes in an underlying base index such as a consumer price index .", "we generally provide small-container commercial and large-container industrial collection services to customers under contracts with terms up to three years .", "our transfer stations , landfills and , to a lesser extent , our recycling facilities generate revenue from disposal or tipping fees charged to third parties .", "in general , we integrate our recycling operations with our collection operations and obtain revenue from the sale of recycled commodities .", "our revenue from energy services consists mainly of fees we charge for the treatment of liquid and solid waste derived from the production of oil and natural gas .", "other revenue consists primarily of revenue from national accounts , which represents the portion of revenue generated from nationwide or regional contracts in markets outside our operating areas where the associated waste handling services are subcontracted to local operators .", "consequently , substantially all of this revenue is offset with related subcontract costs , which are recorded in cost of operations. ." ]

[ [ "Trucks and equipment", "$350" ], [ "Landfill", "330" ], [ "Containers", "160" ], [ "Facilities and other", "150" ], [ "Property and equipment received during 2017", "990" ], [ "Proceeds from sales of property and equipment", "(15)" ], [ "Property and equipment received, net of proceeds, during 2017", "$975" ] ]

[ [ "trucks and equipment", "$ 350" ], [ "landfill", "330" ], [ "containers", "160" ], [ "facilities and other", "150" ], [ "property and equipment received during 2017", "990" ], [ "proceeds from sales of property and equipment", "-15 ( 15 )" ], [ "property and equipment received net of proceeds during 2017", "$ 975" ] ]

[]

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

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

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

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

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[ "jpmorgan chase & co./2015 annual report 67 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .", "( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .", "the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors .", "the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .", "and is composed of 24 leading national money center and regional banks and thrifts .", "the s&p financial index is an index of 87 financial companies , all of which are components of the s&p 500 .", "the firm is a component of all three industry indices .", "the following table and graph assume simultaneous investments of $ 100 on december 31 , 2010 , in jpmorgan chase common stock and in each of the above indices .", "the comparison assumes that all dividends are reinvested .", "december 31 , ( in dollars ) 2010 2011 2012 2013 2014 2015 ." ]

[ "december 31 , ( in dollars ) ." ]

[ [ "December 31,(in dollars)", "2010", "2011", "2012", "2013", "2014", "2015" ], [ "JPMorgan Chase", "$100.00", "$80.03", "$108.98", "$148.98", "$163.71", "$177.40" ], [ "KBW Bank Index", "100.00", "76.82", "102.19", "140.77", "153.96", "154.71" ], [ "S&P Financial Index", "100.00", "82.94", "106.78", "144.79", "166.76", "164.15" ], [ "S&P 500 Index", "100.00", "102.11", "118.44", "156.78", "178.22", "180.67" ] ]

[ [ "december 31 ( in dollars )", "2010", "2011", "2012", "2013", "2014", "2015" ], [ "jpmorgan chase", "$ 100.00", "$ 80.03", "$ 108.98", "$ 148.98", "$ 163.71", "$ 177.40" ], [ "kbw bank index", "100.00", "76.82", "102.19", "140.77", "153.96", "154.71" ], [ "s&p financial index", "100.00", "82.94", "106.78", "144.79", "166.76", "164.15" ], [ "s&p 500 index", "100.00", "102.11", "118.44", "156.78", "178.22", "180.67" ] ]

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

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

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

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

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[ "as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston .", "the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million .", "of the total purchase price , $ 64.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 5.4 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities .", "the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements .", "in february 2007 , we completed the acquisition of bremner healthcare real estate ( 201cbremner 201d ) , a national health care development and management firm .", "the primary reason for the acquisition was to expand our development capabilities within the health care real estate market .", "the initial consideration paid to the sellers totaled $ 47.1 million , and the sellers may be eligible for further contingent payments over a three-year period following the acquisition .", "approximately $ 39.0 million of the total purchase price was allocated to goodwill , which is attributable to the value of bremner 2019s overall development capabilities and its in-place workforce .", "the results of operations for bremner since the date of acquisition have been included in continuing operations in our consolidated financial statements .", "in february 2006 , we acquired the majority of a washington , d.c .", "metropolitan area portfolio of suburban office and light industrial properties ( the 201cmark winkler portfolio 201d ) .", "the assets acquired for a purchase price of approximately $ 867.6 million were comprised of 32 in-service properties with approximately 2.9 million square feet for rental , 166 acres of undeveloped land , as well as certain related assets of the mark winkler company , a real estate management company .", "the acquisition was financed primarily through assumed mortgage loans and new borrowings .", "the assets acquired and liabilities assumed were recorded at their estimated fair value at the date of acquisition , as summarized below ( in thousands ) : ." ]

[ "purchase price , net of assumed liabilities $ 713202 in december 2006 , we contributed 23 of these in-service properties acquired from the mark winkler portfolio with a basis of $ 381.6 million representing real estate investments and acquired lease related intangible assets to two new unconsolidated subsidiaries .", "of the remaining nine in-service properties , eight were contributed to these two unconsolidated subsidiaries in 2007 and one remains in continuing operations as of december 31 , 2008 .", "the eight properties contributed in 2007 had a basis of $ 298.4 million representing real estate investments and acquired lease related intangible assets , and debt secured by these properties of $ 146.4 million was also assumed by the unconsolidated subsidiaries .", "in the third quarter of 2006 , we finalized the purchase of a portfolio of industrial real estate properties in savannah , georgia .", "we completed a majority of the purchase in january 2006 .", "the assets acquired for a purchase price of approximately $ 196.2 million were comprised of 18 buildings with approximately 5.1 million square feet for rental as well as over 60 acres of undeveloped land .", "the acquisition was financed in part through assumed mortgage loans .", "the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements. ." ]

[ [ "Operating rental properties", "$602,011" ], [ "Undeveloped land", "154,300" ], [ "Total real estate investments", "756,311" ], [ "Other assets", "10,478" ], [ "Lease related intangible assets", "86,047" ], [ "Goodwill", "14,722" ], [ "Total assets acquired", "867,558" ], [ "Debt assumed", "(148,527)" ], [ "Other liabilities assumed", "(5,829)" ], [ "Purchase price, net of assumed liabilities", "$713,202" ] ]

[ [ "operating rental properties", "$ 602011" ], [ "undeveloped land", "154300" ], [ "total real estate investments", "756311" ], [ "other assets", "10478" ], [ "lease related intangible assets", "86047" ], [ "goodwill", "14722" ], [ "total assets acquired", "867558" ], [ "debt assumed", "-148527 ( 148527 )" ], [ "other liabilities assumed", "-5829 ( 5829 )" ], [ "purchase price net of assumed liabilities", "$ 713202" ] ]

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[ "2011 compared to 2010 mfc 2019s net sales for 2011 increased $ 533 million , or 8% ( 8 % ) , compared to 2010 .", "the increase was attributable to higher volume of about $ 420 million on air and missile defense programs ( primarily pac-3 and thaad ) ; and about $ 245 million from fire control systems programs primarily related to the sof clss program , which began late in the third quarter of 2010 .", "partially offsetting these increases were lower net sales due to decreased volume of approximately $ 75 million primarily from various services programs and approximately $ 20 million from tactical missile programs ( primarily mlrs and jassm ) .", "mfc 2019s operating profit for 2011 increased $ 96 million , or 10% ( 10 % ) , compared to 2010 .", "the increase was attributable to higher operating profit of about $ 60 million for air and missile defense programs ( primarily pac-3 and thaad ) as a result of increased volume and retirement of risks ; and approximately $ 25 million for various services programs .", "adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 35 million higher in 2011 compared to 2010 .", "backlog backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs .", "backlog increased in 2011 compared to 2010 primarily due to increased orders on air and missile defense programs ( primarily thaad ) .", "trends we expect mfc 2019s net sales for 2013 will be comparable with 2012 .", "we expect low double digit percentage growth in air and missile defense programs , offset by an expected decline in volume on logistics services programs .", "operating profit and margin are expected to be comparable with 2012 results .", "mission systems and training our mst business segment provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems .", "mst 2019s major programs include aegis , mk-41 vertical launching system ( vls ) , tpq-53 radar system , mh-60 , lcs , and ptds .", "mst 2019s operating results included the following ( in millions ) : ." ]

[ "2012 compared to 2011 mst 2019s net sales for 2012 increased $ 447 million , or 6% ( 6 % ) , compared to 2011 .", "the increase in net sales for 2012 was attributable to higher volume and risk retirements of approximately $ 395 million from ship and aviation system programs ( primarily ptds ; lcs ; vls ; and mh-60 ) ; about $ 115 million for training and logistics solutions programs primarily due to net sales from sim industries , which was acquired in the fourth quarter of 2011 ; and approximately $ 30 million as a result of increased volume on integrated warfare systems and sensors programs ( primarily aegis ) .", "partially offsetting the increases were lower net sales of approximately $ 70 million from undersea systems programs due to lower volume on an international combat system program and towed array systems ; and about $ 25 million due to lower volume on various other programs .", "mst 2019s operating profit for 2012 increased $ 92 million , or 14% ( 14 % ) , compared to 2011 .", "the increase was attributable to higher operating profit of approximately $ 175 million from ship and aviation system programs , which reflects higher volume and risk retirements on certain programs ( primarily vls ; ptds ; mh-60 ; and lcs ) and reserves of about $ 55 million for contract cost matters on ship and aviation system programs recorded in the fourth quarter of 2011 ( including the terminated presidential helicopter program ) .", "partially offsetting the increase was lower operating profit of approximately $ 40 million from undersea systems programs due to reduced profit booking rates on certain programs and lower volume on an international combat system program and towed array systems ; and about $ 40 million due to lower volume on various other programs .", "adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 150 million higher for 2012 compared to 2011. ." ]

[ [ "", "2012", "2011", "2010" ], [ "Net sales", "$7,579", "$7,132", "$7,443" ], [ "Operating profit", "737", "645", "713" ], [ "Operating margins", "9.7%", "9.0%", "9.6%" ], [ "Backlog at year-end", "10,700", "10,500", "10,600" ] ]

[ [ "", "2012", "2011", "2010" ], [ "net sales", "$ 7579", "$ 7132", "$ 7443" ], [ "operating profit", "737", "645", "713" ], [ "operating margins", "9.7% ( 9.7 % )", "9.0% ( 9.0 % )", "9.6% ( 9.6 % )" ], [ "backlog at year-end", "10700", "10500", "10600" ] ]

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

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

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

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

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[ "n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .", "for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .", "during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .", "once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .", "it will continue in effect until terminated by the board .", "this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .", "during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .", "accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .", "the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .", "as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .", "under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .", "as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .", "stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .", "stock options are generally granted with a 3-year vesting period and a 10-year term .", "the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .", "included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .", "the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .", "the risk-free inter- est rate is based on the u.s .", "treasury yield curve in effect at the time of grant .", "the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .", "expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .", "the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: ." ]

[ "." ]

[ [ "", "2008", "2007", "2006" ], [ "Dividend yield", "1.80%", "1.78%", "1.64%" ], [ "Expected volatility", "32.20%", "27.43%", "31.29%" ], [ "Risk-free interest rate", "3.15%", "4.51%", "4.60%" ], [ "Forfeiture rate", "7.5%", "7.5%", "7.5%" ], [ "Expected life", "5.7 years", "5.6 years", "6 years" ] ]

[ [ "", "2008", "2007", "2006" ], [ "dividend yield", "1.80% ( 1.80 % )", "1.78% ( 1.78 % )", "1.64% ( 1.64 % )" ], [ "expected volatility", "32.20% ( 32.20 % )", "27.43% ( 27.43 % )", "31.29% ( 31.29 % )" ], [ "risk-free interest rate", "3.15% ( 3.15 % )", "4.51% ( 4.51 % )", "4.60% ( 4.60 % )" ], [ "forfeiture rate", "7.5% ( 7.5 % )", "7.5% ( 7.5 % )", "7.5% ( 7.5 % )" ], [ "expected life", "5.7 years", "5.6 years", "6 years" ] ]

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[ "management 2019s discussion and analysis we believe our credit ratings are primarily based on the credit rating agencies 2019 assessment of : 2030 our liquidity , market , credit and operational risk management practices ; 2030 the level and variability of our earnings ; 2030 our capital base ; 2030 our franchise , reputation and management ; 2030 our corporate governance ; and 2030 the external operating environment , including the assumed level of government support .", "certain of the firm 2019s derivatives have been transacted 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 bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies .", "a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies .", "we allocate a portion of our gce to ensure we would be able to make the additional collateral or termination payments that may be required in the event of a two-notch reduction in our long-term credit ratings , as well as collateral that has not been called by counterparties , but is available to them .", "the table below presents the additional collateral or termination payments related to our net derivative liabilities under bilateral agreements that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in our credit ratings. ." ]

[ "in millions 2013 2012 additional collateral or termination payments for a one-notch downgrade $ 911 $ 1534 additional collateral or termination payments for a two-notch downgrade 2989 2500 cash flows as a global financial institution , our cash flows are complex and bear little relation to our net earnings and net assets .", "consequently , we believe that traditional cash flow analysis is less meaningful in evaluating our liquidity position than the excess liquidity and asset-liability management policies described above .", "cash flow analysis may , however , be helpful in highlighting certain macro trends and strategic initiatives in our businesses .", "year ended december 2013 .", "our cash and cash equivalents decreased by $ 11.54 billion to $ 61.13 billion at the end of 2013 .", "we generated $ 4.54 billion in net cash from operating activities .", "we used net cash of $ 16.08 billion for investing and financing activities , primarily to fund loans held for investment and repurchases of common stock .", "year ended december 2012 .", "our cash and cash equivalents increased by $ 16.66 billion to $ 72.67 billion at the end of 2012 .", "we generated $ 9.14 billion in net cash from operating and investing activities .", "we generated $ 7.52 billion in net cash from financing activities from an increase in bank deposits , partially offset by net repayments of unsecured and secured long-term borrowings .", "year ended december 2011 .", "our cash and cash equivalents increased by $ 16.22 billion to $ 56.01 billion at the end of 2011 .", "we generated $ 23.13 billion in net cash from operating and investing activities .", "we used net cash of $ 6.91 billion for financing activities , primarily for repurchases of our series g preferred stock and common stock , partially offset by an increase in bank deposits .", "goldman sachs 2013 annual report 89 ." ]

[ [ "", "As of December" ], [ "<i>in millions</i>", "2013", "2012" ], [ "Additional collateral or termination payments for a one-notch downgrade", "$ 911", "$1,534" ], [ "Additional collateral or termination payments for a two-notch downgrade", "2,989", "2,500" ] ]

[ [ "in millions", "as of december 2013", "as of december 2012" ], [ "additional collateral or termination payments for a one-notch downgrade", "$ 911", "$ 1534" ], [ "additional collateral or termination payments for a two-notch downgrade", "2989", "2500" ] ]

[]

[ "stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index .", "the graph assumes that the value of the investment in our common stock and in each index on december 31 , 2011 ( including reinvestment of dividends ) was $ 100 and tracks it each year thereafter on the last day of our fiscal year through december 31 , 2016 and , for each index , on the last day of the calendar year .", "comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , and s&p 400 information technology cadence design systems , inc .", "nasdaq composite s&p 400 information technology 12/31/1612/28/13 1/2/1612/31/11 1/3/1512/29/12 *$ 100 invested on 12/31/11 in stock or 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. ." ]

[ "the stock price performance included in this graph is not necessarily indicative of future stock price performance. ." ]

[ [ "", "12/31/2011", "12/29/2012", "12/28/2013", "1/3/2015", "1/2/2016", "12/31/2016" ], [ "Cadence Design Systems, Inc.", "100.00", "129.23", "133.94", "181.06", "200.10", "242.50" ], [ "NASDAQ Composite", "100.00", "116.41", "165.47", "188.69", "200.32", "216.54" ], [ "S&P 400 Information Technology", "100.00", "118.41", "165.38", "170.50", "178.74", "219.65" ] ]

[ [ "", "12/31/2011", "12/29/2012", "12/28/2013", "1/3/2015", "1/2/2016", "12/31/2016" ], [ "cadence design systems inc .", "100.00", "129.23", "133.94", "181.06", "200.10", "242.50" ], [ "nasdaq composite", "100.00", "116.41", "165.47", "188.69", "200.32", "216.54" ], [ "s&p 400 information technology", "100.00", "118.41", "165.38", "170.50", "178.74", "219.65" ] ]

[ { "arg1": "242.50", "arg2": "const_100", "op": "minus1-1", "res": "142.50" }, { "arg1": "#0", "arg2": "const_100", "op": "divide1-2", "res": "142.50%" } ]

[ "costs .", "our 2012 results were lower than 2011 when we realized $ 53.1 million in premium-services margins and our storage and marketing margins consisted of $ 96.0 million from realized seasonal price differentials and marketing optimization activities , and $ 87.7 million of storage demand costs .", "in addition , we recognized a loss on the change in fair value of our nonqualifiying economic storage hedges of $ 1.0 million in 2012 compared with a gain of $ 8.5 million in 2011 .", "our premium services were impacted negatively by lower natural gas prices and decreased natural gas price volatility .", "the impact of our hedge strategies and the inability to hedge seasonal price differentials at levels that were available to us in the prior year significantly reduced our storage margins .", "we also experienced reduced opportunities to optimize our storage assets , which negatively impacted our marketing margins .", "we realized a loss in our transportation margins of $ 42.4 million in 2012 compared with a loss of $ 18.8 million in 2011 , due primarily to a $ 29.5 million decrease in transportation hedges .", "our transportation business continues to be impacted by narrow price location differentials and the inability to hedge at levels that were available to us in prior years .", "as a result of significant increases in the supply of natural gas , primarily from shale gas production across north america and new pipeline infrastructure projects , location and seasonal price differentials narrowed significantly beginning in 2010 and continuing through 2012 .", "this market change resulted in our transportation contracts being unprofitable impacting our ability to recover our fixed costs .", "operating costs decreased due primarily to lower employee-related expenses , which includes the impact of fewer employees .", "we also recognized an expense of $ 10.3 million related to the impairment of our goodwill in the first quarter 2012 .", "given the significant decline in natural gas prices and its effect on location and seasonal price differentials , we performed an interim impairment assessment in the first quarter 2012 that reduced our goodwill balance to zero .", "2011 vs .", "2010 - the factors discussed in energy services 2019 201cnarrative description of the business 201d included in item i , business , of this annual report have led to a significant decrease in net margin , including : 2022 a decrease of $ 65.3 million in transportation margins , net of hedging , due primarily to narrower location price differentials and lower hedge settlements in 2011 ; 2022 a decrease of $ 34.3 million in storage and marketing margins , net of hedging activities , due primarily to the following : 2013 lower realized seasonal storage price differentials ; offset partially by 2013 favorable marketing activity and unrealized fair value changes on nonqualifying economic storage hedges ; 2022 a decrease of $ 7.3 million in premium-services margins , associated primarily with the reduction in the value of the fees collected for these services as a result of low commodity prices and reduced natural gas price volatility in the first quarter 2011 compared with the first quarter 2010 ; and 2022 a decrease of $ 4.3 million in financial trading margins , as low natural gas prices and reduced natural gas price volatility limited our financial trading opportunities .", "additionally , our 2011 net margin includes $ 91.1 million in adjustments to natural gas inventory reflecting the lower of cost or market value .", "because of the adjustments to our inventory value , we reclassified $ 91.1 million of deferred gains on associated cash flow hedges into earnings .", "operating costs decreased due primarily to a decrease in ad valorem taxes .", "selected operating information - the following table sets forth certain selected operating information for our energy services segment for the periods indicated: ." ]

[ "natural gas volumes marketed and physically settled volumes decreased in 2012 compared with 2011 due primarily to decreased marketing activities , lower transported volumes and reduced transportation capacity .", "the decrease in 2011 compared with 2010 was due primarily to lower volumes transported and reduced transportation capacity .", "transportation capacity in certain markets was not utilized due to the economics of the location price differentials as a result of increased supply of natural gas , primarily from shale production , and increased pipeline capacity as a result of new pipeline construction. ." ]

[ [ "", "Years Ended December 31," ], [ "Operating Information", "2012", "2011", "2010" ], [ "Natural gas marketed(Bcf)", "709", "845", "919" ], [ "Natural gas gross margin($/Mcf)", "$(0.07)", "$0.06", "$0.18" ], [ "Physically settled volumes(Bcf)", "1,433", "1,724", "1,874" ] ]

[ [ "operating information", "years ended december 31 , 2012", "years ended december 31 , 2011", "years ended december 31 , 2010" ], [ "natural gas marketed ( bcf )", "709", "845", "919" ], [ "natural gas gross margin ( $ /mcf )", "$ -0.07 ( 0.07 )", "$ 0.06", "$ 0.18" ], [ "physically settled volumes ( bcf )", "1433", "1724", "1874" ] ]

[ { "arg1": "845", "arg2": "919", "op": "minus1-1", "res": "-74" }, { "arg1": "#0", "arg2": "919", "op": "divide1-2", "res": "-8%" } ]

[ "assumed health care cost trend rates for the u.s .", "retiree health care benefit plan as of december 31 are as follows: ." ]

[ "a one percentage point increase or decrease in health care cost trend rates over all future periods would have increased or decreased the accumulated postretirement benefit obligation for the u.s .", "retiree health care benefit plan as of december 31 , 2017 , by $ 1 million .", "the service cost and interest cost components of 2017 plan expense would have increased or decreased by less than $ 1 million .", "deferred compensation arrangements we have a deferred compensation plan that allows u.s .", "employees whose base salary and management responsibility exceed a certain level to defer receipt of a portion of their cash compensation .", "payments under this plan are made based on the participant 2019s distribution election and plan balance .", "participants can earn a return on their deferred compensation based on notional investments in the same investment funds that are offered in our defined contribution plans .", "as of december 31 , 2017 , our liability to participants of the deferred compensation plans was $ 255 million and is recorded in other long-term liabilities on our consolidated balance sheets .", "this amount reflects the accumulated participant deferrals and earnings thereon as of that date .", "as of december 31 , 2017 , we held $ 236 million in mutual funds related to these plans that are recorded in long-term investments on our consolidated balance sheets , and serve as an economic hedge against changes in fair values of our other deferred compensation liabilities .", "we record changes in the fair value of the liability and the related investment in sg&a as discussed in note 8 .", "11 .", "debt and lines of credit short-term borrowings we maintain a line of credit to support commercial paper borrowings , if any , and to provide additional liquidity through bank loans .", "as of december 31 , 2017 , we had a variable-rate revolving credit facility from a consortium of investment-grade banks that allows us to borrow up to $ 2 billion until march 2022 .", "the interest rate on borrowings under this credit facility , if drawn , is indexed to the applicable london interbank offered rate ( libor ) .", "as of december 31 , 2017 , our credit facility was undrawn and we had no commercial paper outstanding .", "long-term debt we retired $ 250 million of maturing debt in march 2017 and another $ 375 million in june 2017 .", "in may 2017 , we issued an aggregate principal amount of $ 600 million of fixed-rate , long-term debt .", "the offering consisted of the reissuance of $ 300 million of 2.75% ( 2.75 % ) notes due in 2021 at a premium and the issuance of $ 300 million of 2.625% ( 2.625 % ) notes due in 2024 at a discount .", "we incurred $ 3 million of issuance and other related costs .", "the proceeds of the offerings were $ 605 million , net of the original issuance discount and premium , and were used for the repayment of maturing debt and general corporate purposes .", "in november 2017 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2027 .", "we incurred $ 3 million of issuance and other related costs .", "the proceeds of the offering were $ 494 million , net of the original issuance discount , and were used for general corporate purposes .", "in may 2016 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2022 .", "we incurred $ 3 million of issuance and other related costs .", "the proceeds of the offering were $ 499 million , net of the original issuance discount , and were used toward the repayment of a portion of $ 1.0 billion of maturing debt retired in may 2016 .", "in may 2015 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2020 .", "we incurred $ 3 million of issuance and other related costs .", "the proceeds of the offering were $ 498 million , net of the original issuance discount , and were used toward the repayment of a portion of the debt that matured in august 2015 .", "we retired $ 250 million of maturing debt in april 2015 and another $ 750 million in august 2015 .", "texas instruments 2022 2017 form 10-k 51 ." ]

[ [ "", "2017", "2016" ], [ "Assumed health care cost trend rate for next year", "7.50%", "6.75%" ], [ "Ultimate trend rate", "5.00%", "5.00%" ], [ "Year in which ultimate trend rate is reached", "2028", "2024" ] ]

[ [ "", "2017", "2016" ], [ "assumed health care cost trend rate for next year", "7.50% ( 7.50 % )", "6.75% ( 6.75 % )" ], [ "ultimate trend rate", "5.00% ( 5.00 % )", "5.00% ( 5.00 % )" ], [ "year in which ultimate trend rate is reached", "2028", "2024" ] ]

[]

[ "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" ] ]

[ { "arg1": "498.8", "arg2": "486.9", "op": "minus1-1", "res": "11.9" }, { "arg1": "#0", "arg2": "486.9", "op": "divide1-2", "res": "2.4%" } ]

[ "12 .", "brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .", "citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .", "credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .", "citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .", "margin levels are monitored daily , and customers deposit additional collateral as required .", "where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .", "exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .", "credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .", "brokerage receivables and brokerage payables consisted of the following: ." ]

[ "payables to brokers , dealers , and clearing organizations 19915 18069 total brokerage payables ( 1 ) $ 57152 $ 53722 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. ." ]

[ [ "", "December 31," ], [ "In millions of dollars", "2016", "2015" ], [ "Receivables from customers", "$10,374", "$10,435" ], [ "Receivables from brokers, dealers, and clearing organizations", "18,513", "17,248" ], [ "Total brokerage receivables⁽¹⁾", "$28,887", "$27,683" ], [ "Payables to customers", "$37,237", "$35,653" ], [ "Payables to brokers, dealers, and clearing organizations", "19,915", "18,069" ], [ "Total brokerage payables⁽¹⁾", "$57,152", "$53,722" ] ]

[ [ "in millions of dollars", "december 31 , 2016", "december 31 , 2015" ], [ "receivables from customers", "$ 10374", "$ 10435" ], [ "receivables from brokers dealers and clearing organizations", "18513", "17248" ], [ "total brokerage receivables ( 1 )", "$ 28887", "$ 27683" ], [ "payables to customers", "$ 37237", "$ 35653" ], [ "payables to brokers dealers and clearing organizations", "19915", "18069" ], [ "total brokerage payables ( 1 )", "$ 57152", "$ 53722" ] ]

[ { "arg1": "57152", "arg2": "53722", "op": "minus1-1", "res": "3430" }, { "arg1": "#0", "arg2": "53722", "op": "divide1-2", "res": "6.4%" } ]

[ "the goldman sachs group , inc .", "and subsidiaries notes to consolidated financial statements commercial lending .", "the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers .", "commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes .", "the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing .", "commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources .", "sumitomo mitsui financial group , inc .", "( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) .", "the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively .", "the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million .", "in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 .", "the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg .", "these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index .", "warehouse financing .", "the firm provides financing to clients who warehouse financial assets .", "these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans .", "contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days .", "the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements .", "the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused .", "letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements .", "investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages .", "investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm .", "if these commitments are called , they would be funded at market value on the date of investment .", "leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 .", "certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges .", "the table below presents future minimum rental payments , net of minimum sublease rentals .", "$ in millions december 2016 ." ]

[ "rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 .", "operating leases include office space held in excess of current requirements .", "rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits .", "costs to terminate a lease before the end of its term are recognized and measured at fair value on termination .", "during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space .", "goldman sachs 2016 form 10-k 169 ." ]

[ [ "<i>$ in millions</i>", "As of December 2016" ], [ "2017", "$ 290" ], [ "2018", "282" ], [ "2019", "238" ], [ "2020", "206" ], [ "2021", "159" ], [ "2022 - thereafter", "766" ], [ "Total", "$1,941" ] ]

[ [ "$ in millions", "as of december 2016" ], [ "2017", "$ 290" ], [ "2018", "282" ], [ "2019", "238" ], [ "2020", "206" ], [ "2021", "159" ], [ "2022 - thereafter", "766" ], [ "total", "$ 1941" ] ]

[]

[ "( 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 )" ] ]

[ { "arg1": "188", "arg2": "98", "op": "minus2-1", "res": "90" }, { "arg1": "#0", "arg2": "98", "op": "divide2-2", "res": "92%" } ]

[ "investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets .", "the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis .", "see note 14 2014income taxes for additional information .", "allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction .", "the regulated utility subsidiaries record afudc to the extent permitted by the pucs .", "the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net on the consolidated statements of operations .", "any portion of afudc attributable to equity funds would be included in other , net on the consolidated statements of operations .", "afudc is provided in the following table for the years ended december 31: ." ]

[ "environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s .", "federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business .", "environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate .", "remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated .", "a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the subsidiary to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california .", "the subsidiary agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 .", "remediation costs accrued amounted to $ 4 million and $ 6 million as of december 31 , 2018 and 2017 , respectively .", "derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates .", "these derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures .", "the company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments .", "all derivatives are recognized on the balance sheet at fair value .", "on the date the derivative contract is entered into , the company may designate the derivative as a hedge of the fair value of a recognized asset or liability ( fair-value hedge ) or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ( cash-flow hedge ) .", "changes in the fair value of a fair-value hedge , along with the gain or loss on the underlying hedged item , are recorded in current-period earnings .", "the gains and losses on the effective portion of cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows .", "any ineffective portion of designated cash-flow hedges is recognized in current-period earnings. ." ]

[ [ "", "2018", "2017", "2016" ], [ "Allowance for other funds used during construction", "$24", "$19", "$15" ], [ "Allowance for borrowed funds used during construction", "13", "8", "6" ] ]

[ [ "", "2018", "2017", "2016" ], [ "allowance for other funds used during construction", "$ 24", "$ 19", "$ 15" ], [ "allowance for borrowed funds used during construction", "13", "8", "6" ] ]

[]

[ "s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s .", "dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to ." ]

[ "." ]

[ [ "For the years ended December 31, 2010, 2009, and 2008(in millions of U.S. dollars, except for percentages)", "DirectAmount", "Ceded To Other Companies", "Assumed From Other Companies", "Net Amount", "Percentage of Amount Assumed to Net" ], [ "2010", "$15,780", "$5,792", "$3,516", "$13,504", "26%" ], [ "2009", "$15,415", "$5,943", "$3,768", "$13,240", "28%" ], [ "2008", "$16,087", "$6,144", "$3,260", "$13,203", "25%" ] ]

[ [ "for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages )", "directamount", "ceded to other companies", "assumed from other companies", "net amount", "percentage of amount assumed to net" ], [ "2010", "$ 15780", "$ 5792", "$ 3516", "$ 13504", "26% ( 26 % )" ], [ "2009", "$ 15415", "$ 5943", "$ 3768", "$ 13240", "28% ( 28 % )" ], [ "2008", "$ 16087", "$ 6144", "$ 3260", "$ 13203", "25% ( 25 % )" ] ]

[]

[ "holding other assumptions constant , the following table reflects what a one hundred basis point increase and decrease in our estimated long-term rate of return on plan assets would have on our estimated 2011 pension expense ( in millions ) : change in long-term rate of return on plan assets ." ]

[ "estimated future contributions we estimate contributions of approximately $ 403 million in 2011 as compared with $ 288 million in goodwill and other intangible assets goodwill represents the excess of cost over the fair market value of the net assets acquired .", "we classify our intangible assets acquired as either trademarks , customer relationships , technology , non-compete agreements , or other purchased intangibles .", "our goodwill and other intangible balances at december 31 , 2010 increased to $ 8.6 billion and $ 3.6 billion , respectively , compared to $ 6.1 billion and $ 791 million , respectively , at december 31 , 2009 , primarily as a result of the hewitt acquisition .", "although goodwill is not amortized , we test it for impairment at least annually in the fourth quarter .", "in the fourth quarter , we also test acquired trademarks ( which also are not amortized ) for impairment .", "we test more frequently if there are indicators of impairment or whenever business circumstances suggest that the carrying value of goodwill or trademarks may not be recoverable .", "these indicators may include a sustained significant decline in our share price and market capitalization , a decline in our expected future cash flows , or a significant adverse change in legal factors or in the business climate , among others .", "no events occurred during 2010 or 2009 that indicate the existence of an impairment with respect to our reported goodwill or trademarks .", "we perform impairment reviews at the reporting unit level .", "a reporting unit is an operating segment or one level below an operating segment ( referred to as a 2018 2018component 2019 2019 ) .", "a component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component .", "an operating segment shall be deemed to be a reporting unit if all of its components are similar , if none of its components is a reporting unit , or if the segment comprises only a single component .", "the goodwill impairment test is a two step analysis .", "step one requires the fair value of each reporting unit to be compared to its book value .", "management must apply judgment in determining the estimated fair value of the reporting units .", "if the fair value of a reporting unit is determined to be greater than the carrying value of the reporting unit , goodwill and trademarks are deemed not to be impaired and no further testing is necessary .", "if the fair value of a reporting unit is less than the carrying value , we perform step two .", "step two uses the calculated fair value of the reporting unit to perform a hypothetical purchase price allocation to the fair value of the assets and liabilities of the reporting unit .", "the difference between the fair value of the reporting unit calculated in step one and the fair value of the underlying assets and liabilities of the reporting unit is the implied fair value of the reporting unit 2019s goodwill .", "a charge is recorded in the financial statements if the carrying value of the reporting unit 2019s goodwill is greater than its implied fair value. ." ]

[ [ "", "Change in long-term rateof return on plan assets" ], [ "Increase (decrease) in expense", "Increase", "Decrease" ], [ "U.S. plans", "$(14)", "$14" ], [ "U.K. plans", "(35)", "35" ], [ "The Netherlands plan", "(5)", "5" ], [ "Canada plans", "(2)", "2" ] ]

[ [ "increase ( decrease ) in expense", "change in long-term rateof return on plan assets increase", "change in long-term rateof return on plan assets decrease" ], [ "u.s . plans", "$ -14 ( 14 )", "$ 14" ], [ "u.k . plans", "-35 ( 35 )", "35" ], [ "the netherlands plan", "-5 ( 5 )", "5" ], [ "canada plans", "-2 ( 2 )", "2" ] ]

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[ "decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .", "the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .", "aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .", "the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .", "the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .", "operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .", "backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .", "trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .", "operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .", "information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .", "is&gs has a portfolio of many smaller contracts as compared to our other business segments .", "is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .", "is&gs 2019 operating results included the following ( in millions ) : ." ]

[ "2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .", "the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .", "the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. ." ]

[ [ "", "2014", "2013", "2012" ], [ "Net sales", "$7,788", "$8,367", "$8,846" ], [ "Operating profit", "699", "759", "808" ], [ "Operating margins", "9.0%", "9.1%", "9.1%" ], [ "Backlog at year-end", "$8,700", "$8,300", "$8,700" ] ]

[ [ "", "2014", "2013", "2012" ], [ "net sales", "$ 7788", "$ 8367", "$ 8846" ], [ "operating profit", "699", "759", "808" ], [ "operating margins", "9.0% ( 9.0 % )", "9.1% ( 9.1 % )", "9.1% ( 9.1 % )" ], [ "backlog at year-end", "$ 8700", "$ 8300", "$ 8700" ] ]

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

[ "." ]

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

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

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[ "notes to consolidated financial statements 2014 ( continued ) ucs .", "as of may 31 , 2009 , $ 55.0 million of the purchase price was held in escrow ( the 201cescrow account 201d ) .", "prior to our acquisition of ucs , the former parent company of ucs pledged the company 2019s stock as collateral for a third party loan ( 201cthe loan 201d ) that matures on september 24 , 2009 .", "upon repayment of this loan , the stock will be released to us and $ 35.0 million of the purchase price will be released to the seller .", "the remaining $ 20.0 million will remain in escrow until january 1 , 2013 , to satisfy any liabilities discovered post-closing that existed at the purchase date .", "the purpose of this acquisition was to establish an acquiring presence in the russian market and a foundation for other direct acquiring opportunities in central and eastern europe .", "the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples .", "this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition .", "upon acquisition of ucs global payments assumed an indirect guarantee of the loan .", "in the event of a default by the third-party debtor , we would be required to transfer all of the shares of ucs to the trustee or pay the amount outstanding under the loan .", "at may 31 , 2009 the maximum potential amount of future payments under the guarantee was $ 44.1 million which represents the total outstanding under the loan , consisting of $ 21.8 million due and paid on june 24 , 2009 and $ 22.3 million due on september 24 , 2009 .", "should the third-party debtor default on the final payment , global payments would pay the total amount outstanding and seek to be reimbursed for any payments made from the $ 55 million held in the escrow account .", "we did not record an obligation for this guarantee because we determined that the fair value of the guarantee is de minimis .", "the following table summarizes the preliminary purchase price allocation ( in thousands ) : ." ]

[ "all of the goodwill associated with the acquisition is non-deductible for tax purposes .", "the customer-related intangible assets have amortization periods of 9 to 15 years .", "the trademark has an amortization period of 10 years .", "global payments asia-pacific philippines incorporated on september 4 , 2008 , global payments asia-pacific , limited ( 201cgpap 201d ) , the entity through which we conduct our merchant acquiring business in the asia-pacific region , indirectly acquired global payments asia- pacific philippines incorporated ( 201cgpap philippines 201d ) , a newly formed company into which hsbc asia pacific contributed its merchant acquiring business in the philippines .", "we own 56% ( 56 % ) of gpap and hsbc asia pacific ." ]

[ [ "Total current assets", "$10,657" ], [ "Goodwill", "35,431" ], [ "Customer-related intangible assets", "16,500" ], [ "Trademark", "3,100" ], [ "Property and equipment", "19,132" ], [ "Other long-term assets", "13,101" ], [ "Total assets acquired", "97,921" ], [ "Current liabilities", "(7,245)" ], [ "Notes payable", "(8,227)" ], [ "Deferred income taxes and other long-term liabilities", "(7,449)" ], [ "Total liabilities assumed", "(22,921)" ], [ "Net assets acquired", "$75,000" ] ]

[ [ "total current assets", "$ 10657" ], [ "goodwill", "35431" ], [ "customer-related intangible assets", "16500" ], [ "trademark", "3100" ], [ "property and equipment", "19132" ], [ "other long-term assets", "13101" ], [ "total assets acquired", "97921" ], [ "current liabilities", "-7245 ( 7245 )" ], [ "notes payable", "-8227 ( 8227 )" ], [ "deferred income taxes and other long-term liabilities", "-7449 ( 7449 )" ], [ "total liabilities assumed", "-22921 ( 22921 )" ], [ "net assets acquired", "$ 75000" ] ]

[]

[ "to determine stock-based compensation expense , the grant- date fair value is applied to the options granted with a reduction for estimated forfeitures .", "we recognize compensation expense for stock options on a straight-line basis over the pro rata vesting period .", "at december 31 , 2011 and 2010 , options for 12337000 and 13397000 shares of common stock were exercisable at a weighted-average price of $ 106.08 and $ 118.21 , respectively .", "the total intrinsic value of options exercised during 2012 , 2011 and 2010 was $ 37 million , $ 4 million and $ 5 million .", "cash received from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 118 million , $ 41 million and $ 15 million , respectively .", "the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 41 million , $ 14 million and $ 5 million , respectively .", "there were no options granted in excess of market value in 2012 , 2011 or 2010 .", "shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 29192854 at december 31 , 2012 .", "total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 30537674 shares at december 31 , 2012 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .", "during 2012 , we issued approximately 1.7 million shares from treasury stock in connection with stock option exercise activity .", "as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .", "awards granted to non-employee directors in 2012 , 2011 and 2010 include 25620 , 27090 and 29040 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .", "a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash .", "as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant .", "incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant .", "the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period .", "the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards .", "restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months .", "beginning in 2012 , we incorporated several risk-related performance changes to certain incentive compensation programs .", "in addition to achieving certain financial performance metrics relative to our peers , the final payout amount will be subject to a negative adjustment if pnc fails to meet certain risk-related performance metrics as specified in the award agreement .", "however , the p&cc has the discretion to reduce any or all of this negative adjustment under certain circumstances .", "these awards have a three-year performance period and are payable in either stock or a combination of stock and cash .", "additionally , performance-based restricted share units were granted in 2012 to certain of our executives in lieu of stock options , with generally the same terms and conditions as the 2011 awards of the same .", "the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 , 2011 and 2010 was $ 60.68 , $ 63.25 and $ 54.59 per share , respectively .", "we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .", "table 130 : nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair ." ]

[ "in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash .", "at december 31 , 2012 , there was $ 86 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans .", "this cost is expected to be recognized as expense over a period of no longer than five years .", "the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2012 , 2011 and 2010 was approximately $ 55 million , $ 52 million and $ 39 million , respectively .", "the pnc financial services group , inc .", "2013 form 10-k 203 ." ]

[ [ "Shares in thousands", "Nonvested Incentive/ Performance Unit Shares", "Weighted-AverageGrantDate FairValue", "Nonvested Restricted Stock/ Unit Shares", "Weighted-AverageGrantDate FairValue" ], [ "December 31, 2011", "830", "$61.68", "2,512", "$54.87" ], [ "Granted", "465", "60.70", "1,534", "60.67" ], [ "Vested", "(100)", "64.21", "(831)", "45.47" ], [ "Forfeited", "(76)", "60.27", "(154)", "60.51" ], [ "December 31, 2012", "1,119", "$61.14", "3,061", "$60.04" ] ]

[ [ "shares in thousands december 31 2011", "nonvested incentive/ performance unit shares 830", "weighted-averagegrantdate fairvalue $ 61.68", "nonvested restricted stock/ unit shares 2512", "weighted-averagegrantdate fairvalue $ 54.87" ], [ "granted", "465", "60.70", "1534", "60.67" ], [ "vested", "-100 ( 100 )", "64.21", "-831 ( 831 )", "45.47" ], [ "forfeited", "-76 ( 76 )", "60.27", "-154 ( 154 )", "60.51" ], [ "december 31 2012", "1119", "$ 61.14", "3061", "$ 60.04" ] ]

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[ "our refineries processed 944 mbpd of crude oil and 207 mbpd of other charge and blend stocks .", "the table below sets forth the location and daily crude oil refining capacity of each of our refineries as of december 31 , 2008 .", "crude oil refining capacity ( thousands of barrels per day ) 2008 ." ]

[ "our refineries include crude oil atmospheric and vacuum distillation , fluid catalytic cracking , catalytic reforming , desulfurization and sulfur recovery units .", "the refineries process a wide variety of crude oils and produce numerous refined products , ranging from transportation fuels , such as reformulated gasolines , blend- grade gasolines intended for blending with fuel ethanol and ultra-low sulfur diesel fuel , to heavy fuel oil and asphalt .", "additionally , we manufacture aromatics , cumene , propane , propylene , sulfur and maleic anhydride .", "our refineries are integrated with each other via pipelines , terminals and barges to maximize operating efficiency .", "the transportation links that connect our refineries allow the movement of intermediate products between refineries to optimize operations , produce higher margin products and utilize our processing capacity efficiently .", "our garyville , louisiana , refinery is located along the mississippi river in southeastern louisiana .", "the garyville refinery processes heavy sour crude oil into products such as gasoline , distillates , sulfur , asphalt , propane , polymer grade propylene , isobutane and coke .", "in 2006 , we approved an expansion of our garyville refinery by 180 mbpd to 436 mbpd , with a currently projected cost of $ 3.35 billion ( excluding capitalized interest ) .", "construction commenced in early 2007 and is continuing on schedule .", "we estimate that , as of december 31 , 2008 , this project is approximately 75 percent complete .", "we expect to complete the expansion in late 2009 .", "our catlettsburg , kentucky , refinery is located in northeastern kentucky on the western bank of the big sandy river , near the confluence with the ohio river .", "the catlettsburg refinery processes sweet and sour crude oils into products such as gasoline , asphalt , diesel , jet fuel , petrochemicals , propane , propylene and sulfur .", "our robinson , illinois , refinery is located in the southeastern illinois town of robinson .", "the robinson refinery processes sweet and sour crude oils into products such as multiple grades of gasoline , jet fuel , kerosene , diesel fuel , propane , propylene , sulfur and anode-grade coke .", "our detroit , michigan , refinery is located near interstate 75 in southwest detroit .", "the detroit refinery processes light sweet and heavy sour crude oils , including canadian crude oils , into products such as gasoline , diesel , asphalt , slurry , propane , chemical grade propylene and sulfur .", "in 2007 , we approved a heavy oil upgrading and expansion project at our detroit , michigan , refinery , with a current projected cost of $ 2.2 billion ( excluding capitalized interest ) .", "this project will enable the refinery to process additional heavy sour crude oils , including canadian bitumen blends , and will increase its crude oil refining capacity by about 15 percent .", "construction began in the first half of 2008 and is presently expected to be complete in mid-2012 .", "our canton , ohio , refinery is located approximately 60 miles southeast of cleveland , ohio .", "the canton refinery processes sweet and sour crude oils into products such as gasoline , diesel fuels , kerosene , propane , sulfur , asphalt , roofing flux , home heating oil and no .", "6 industrial fuel oil .", "our texas city , texas , refinery is located on the texas gulf coast approximately 30 miles south of houston , texas .", "the refinery processes sweet crude oil into products such as gasoline , propane , chemical grade propylene , slurry , sulfur and aromatics .", "our st .", "paul park , minnesota , refinery is located in st .", "paul park , a suburb of minneapolis-st .", "paul .", "the st .", "paul park refinery processes predominantly canadian crude oils into products such as gasoline , diesel , jet fuel , kerosene , asphalt , propane , propylene and sulfur. ." ]

[ [ "<i>(Thousands of barrels per day)</i>", "2008" ], [ "Garyville, Louisiana", "256" ], [ "Catlettsburg, Kentucky", "226" ], [ "Robinson, Illinois", "204" ], [ "Detroit, Michigan", "102" ], [ "Canton, Ohio", "78" ], [ "Texas City, Texas", "76" ], [ "St. Paul Park, Minnesota", "74" ], [ "TOTAL", "1,016" ] ]

[ [ "( thousands of barrels per day )", "2008" ], [ "garyville louisiana", "256" ], [ "catlettsburg kentucky", "226" ], [ "robinson illinois", "204" ], [ "detroit michigan", "102" ], [ "canton ohio", "78" ], [ "texas city texas", "76" ], [ "st . paul park minnesota", "74" ], [ "total", "1016" ] ]

[]

[ "contractual obligations .", "the following table shows our contractual obligations for the period indicated: ." ]

[ "( 1 ) interest expense on 6.6% ( 6.6 % ) long term notes is assumed to be fixed through contractual term .", "( 2 ) loss and lae reserves represent our best estimate of losses from claim and related settlement costs .", "both the amounts and timing of such payments are estimates , and the inherent variability of resolving claims as well as changes in market conditions make the timing of cash flows uncertain .", "therefore , the ultimate amount and timing of loss and lae payments could differ from our estimates .", "the contractual obligations for senior notes , long term notes and junior subordinated debt are the responsibility of holdings .", "we have sufficient cash flow , liquidity , investments and access to capital markets to satisfy these obligations .", "holdings gen- erally depends upon dividends from everest re , its operating insurance subsidiary for its funding , capital contributions from group or access to the capital markets .", "our various operating insurance and reinsurance subsidiaries have sufficient cash flow , liquidity and investments to settle outstanding reserves for losses and lae .", "management believes that we , and each of our entities , have sufficient financial resources or ready access thereto , to meet all obligations .", "dividends .", "during 2007 , 2006 and 2005 , we declared and paid shareholder dividends of $ 121.4 million , $ 39.0 million and $ 25.4 million , respectively .", "as an insurance holding company , we are partially dependent on dividends and other permitted pay- ments from our subsidiaries to pay cash dividends to our shareholders .", "the payment of dividends to group by holdings and to holdings by everest re is subject to delaware regulatory restrictions and the payment of dividends to group by bermuda re is subject to bermuda insurance regulatory restrictions .", "management expects that , absent extraordinary catastrophe losses , such restrictions should not affect everest re 2019s ability to declare and pay dividends sufficient to support holdings 2019 general corporate needs and that holdings and bermuda re will have the ability to declare and pay dividends sufficient to support group 2019s general corporate needs .", "for the years ended december 31 , 2007 , 2006 and 2005 , everest re paid divi- dends to holdings of $ 245.0 million , $ 100.0 million and $ 75.0 million , respectively .", "for the years ended december 31 , 2007 , 2006 and 2005 , bermuda re paid dividends to group of $ 0.0 million , $ 60.0 million and $ 45.0 million , respectively .", "see item 1 , 201cbusiness 2013 regulatory matters 2013 dividends 201d and note 16 of notes to consolidated financial statements .", "application of new accounting standards .", "in november 2005 , the fasb issued fasb staff position ( 201cfsp 201d ) fas 115-1 , 201cthe meaning of other-than-temporary impairment and its application to certain investments 201d ( 201cfas 115-1 201d ) , which is effective for reporting periods beginning after december 15 , 2005 .", "fas 115-1 addresses the determination as to when an investment is considered impaired , whether the impairment is other than temporary and the measurement of an impairment loss .", "fas 115-1 also includes accounting considerations subsequent to the recognition of an other-than-temporary impairment and requires certain dis- closures about unrealized losses not recognized as other-than-temporary impairments .", "the company adopted fas 115-1 prospectively effective january 1 , 2006 .", "the company believes that all unrealized losses in its investment portfolio are temporary in nature. ." ]

[ [ "", "Payments due by period" ], [ "(Dollars in millions)", "Total", "Less than 1 year", "1-3 years", "3-5 years", "More than 5 years" ], [ "8.75% Senior notes", "$ 200.0", "$ -", "$ 200.0", "$ -", "$ -" ], [ "5.40% Senior notes", "250.0", "-", "-", "-", "250.0" ], [ "Junior subordinated debt", "329.9", "-", "-", "-", "329.9" ], [ "6.6% Long term notes", "400.0", "-", "-", "-", "400.0" ], [ "Interest expense(1)", "2,243.0", "77.2", "145.7", "119.5", "1,900.6" ], [ "Employee benefit plans", "2.4", "2.4", "-", "-", "-" ], [ "Operating lease agreements", "32.0", "8.5", "16.3", "3.7", "3.5" ], [ "Gross reserve for losses and LAE(2)", "9,040.6", "2,053.2", "3,232.3", "1,077.1", "2,678.1" ], [ "Total", "$ 12,497.9", "$ 2,141.3", "$ 3,594.3", "$ 1,200.3", "$ 5,562.0" ] ]

[ [ "( dollars in millions )", "payments due by period total", "payments due by period less than 1 year", "payments due by period 1-3 years", "payments due by period 3-5 years", "payments due by period more than 5 years" ], [ "8.75% ( 8.75 % ) senior notes", "$ 200.0", "$ -", "$ 200.0", "$ -", "$ -" ], [ "5.40% ( 5.40 % ) senior notes", "250.0", "-", "-", "-", "250.0" ], [ "junior subordinated debt", "329.9", "-", "-", "-", "329.9" ], [ "6.6% ( 6.6 % ) long term notes", "400.0", "-", "-", "-", "400.0" ], [ "interest expense ( 1 )", "2243.0", "77.2", "145.7", "119.5", "1900.6" ], [ "employee benefit plans", "2.4", "2.4", "-", "-", "-" ], [ "operating lease agreements", "32.0", "8.5", "16.3", "3.7", "3.5" ], [ "gross reserve for losses and lae ( 2 )", "9040.6", "2053.2", "3232.3", "1077.1", "2678.1" ], [ "total", "$ 12497.9", "$ 2141.3", "$ 3594.3", "$ 1200.3", "$ 5562.0" ] ]

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[ "until the hedged transaction is recognized in earnings .", "changes in the fair value of the derivatives that are attributable to the ineffective portion of the hedges , or of derivatives that are not considered to be highly effective hedges , if any , are immediately recognized in earnings .", "the aggregate notional amount of our outstanding foreign currency hedges at december 31 , 2012 and 2011 was $ 1.3 billion and $ 1.7 billion .", "the aggregate notional amount of our outstanding interest rate swaps at december 31 , 2012 and 2011 was $ 503 million and $ 450 million .", "derivative instruments did not have a material impact on net earnings and comprehensive income during 2012 , 2011 , and 2010 .", "substantially all of our derivatives are designated for hedge accounting .", "see note 15 for more information on the fair value measurements related to our derivative instruments .", "stock-based compensation 2013 compensation cost related to all share-based payments including stock options and restricted stock units is measured at the grant date based on the estimated fair value of the award .", "we generally recognize the compensation cost ratably over a three-year vesting period .", "income taxes 2013 we periodically assess our tax filing exposures related to periods that are open to examination .", "based on the latest available information , we evaluate our tax positions to determine whether the position will more likely than not be sustained upon examination by the internal revenue service ( irs ) .", "if we cannot reach a more-likely-than-not determination , no benefit is recorded .", "if we determine that the tax position is more likely than not to be sustained , we record the largest amount of benefit that is more likely than not to be realized when the tax position is settled .", "we record interest and penalties related to income taxes as a component of income tax expense on our statements of earnings .", "interest and penalties are not material .", "accumulated other comprehensive loss 2013 changes in the balance of accumulated other comprehensive loss , net of income taxes , consisted of the following ( in millions ) : postretirement benefit plan adjustments other , net accumulated comprehensive ." ]

[ "the postretirement benefit plan adjustments are shown net of tax benefits at december 31 , 2012 , 2011 , and 2010 of $ 7.4 billion , $ 6.1 billion , and $ 4.9 billion .", "these tax benefits include amounts recognized on our income tax returns as current deductions and deferred income taxes , which will be recognized on our tax returns in future years .", "see note 7 and note 9 for more information on our income taxes and postretirement plans .", "recent accounting pronouncements 2013 effective january 1 , 2012 , we retrospectively adopted new guidance issued by the financial accounting standards board by presenting total comprehensive income and the components of net income and other comprehensive loss in two separate but consecutive statements .", "the adoption of this guidance resulted only in a change in how we present other comprehensive loss in our consolidated financial statements and did not have any impact on our results of operations , financial position , or cash flows. ." ]

[ [ "", "Postretirement Benefit Plan Adjustments", "Other, net", "Accumulated Other Comprehensive Loss" ], [ "Balance at January 1, 2010", "$(8,564)", "$(31)", "$(8,595)" ], [ "Other comprehensive (loss) income", "(430)", "15", "(415)" ], [ "Balance at December 31, 2010", "(8,994)", "(16)", "(9,010)" ], [ "Other comprehensive loss", "(2,192)", "(55)", "(2,247)" ], [ "Balance at December 31, 2011", "(11,186)", "(71)", "(11,257)" ], [ "Other comprehensive (loss) income", "(2,346)", "110", "(2,236)" ], [ "Balance at December 31, 2012", "$(13,532)", "$39", "$(13,493)" ] ]

[ [ "", "postretirement benefit plan adjustments", "other net", "accumulated other comprehensive loss" ], [ "balance at january 1 2010", "$ -8564 ( 8564 )", "$ -31 ( 31 )", "$ -8595 ( 8595 )" ], [ "other comprehensive ( loss ) income", "-430 ( 430 )", "15", "-415 ( 415 )" ], [ "balance at december 31 2010", "-8994 ( 8994 )", "-16 ( 16 )", "-9010 ( 9010 )" ], [ "other comprehensive loss", "-2192 ( 2192 )", "-55 ( 55 )", "-2247 ( 2247 )" ], [ "balance at december 31 2011", "-11186 ( 11186 )", "-71 ( 71 )", "-11257 ( 11257 )" ], [ "other comprehensive ( loss ) income", "-2346 ( 2346 )", "110", "-2236 ( 2236 )" ], [ "balance at december 31 2012", "$ -13532 ( 13532 )", "$ 39", "$ -13493 ( 13493 )" ] ]

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[ "table 46 : allowance for loan and lease losses ." ]

[ "( a ) includes charge-offs of $ 134 million taken pursuant to alignment with interagency guidance on practices for loans and lines of credit related to consumer lending in the first quarter of 2013 .", "the provision for credit losses totaled $ 643 million for 2013 compared to $ 987 million for 2012 .", "the primary driver of the decrease to the provision was improved overall credit quality , including improved commercial loan risk factors , lower consumer loan delinquencies and improvements in expected cash flows for our purchased impaired loans .", "for 2013 , the provision for commercial lending credit losses decreased by $ 102 million , or 74% ( 74 % ) , from 2012 .", "the provision for consumer lending credit losses decreased $ 242 million , or 29% ( 29 % ) , from 2012 .", "at december 31 , 2013 , total alll to total nonperforming loans was 117% ( 117 % ) .", "the comparable amount for december 31 , 2012 was 124% ( 124 % ) .", "these ratios are 72% ( 72 % ) and 79% ( 79 % ) , respectively , when excluding the $ 1.4 billion and $ 1.5 billion , respectively , of alll at december 31 , 2013 and december 31 , 2012 allocated to consumer loans and lines of credit not secured by residential real estate and purchased impaired loans .", "we have excluded consumer loans and lines of credit not secured by real estate as they are charged off after 120 to 180 days past due and not placed on nonperforming status .", "additionally , we have excluded purchased impaired loans as they are considered performing regardless of their delinquency status as interest is accreted based on our estimate of expected cash flows and additional allowance is recorded when these cash flows are below recorded investment .", "see table 35 within this credit risk management section for additional information .", "the alll balance increases or decreases across periods in relation to fluctuating risk factors , including asset quality trends , charge-offs and changes in aggregate portfolio balances .", "during 2013 , improving asset quality trends , including , but not limited to , delinquency status and improving economic conditions , realization of previously estimated losses through charge-offs , including the impact of alignment with interagency guidance and overall portfolio growth , combined to result in the alll balance declining $ .4 billion , or 11% ( 11 % ) to $ 3.6 billion as of december 31 , 2013 compared to december 31 , 2012 .", "see note 7 allowances for loan and lease losses and unfunded loan commitments and letters of credit and note 6 purchased loans in the notes to consolidated financial statements in item 8 of this report regarding changes in the alll and in the allowance for unfunded loan commitments and letters of credit .", "operational risk management operational risk is the risk of loss resulting from inadequate or failed internal processes or systems , human factors , or external events .", "this includes losses that may arise as a result of non- compliance with laws or regulations , failure to fulfill fiduciary responsibilities , as well as litigation or other legal actions .", "operational risk may occur in any of our business activities and manifests itself in various ways , including but not limited to : 2022 transaction processing errors , 2022 unauthorized transactions and fraud by employees or third parties , 2022 material disruption in business activities , 2022 system breaches and misuse of sensitive information , 2022 regulatory or governmental actions , fines or penalties , and 2022 significant legal expenses , judgments or settlements .", "pnc 2019s operational risk management is inclusive of technology risk management , compliance and business continuity risk .", "operational risk management focuses on balancing business needs , regulatory expectations and risk management priorities through an adaptive and proactive program that is designed to provide a strong governance model , sound and consistent risk management processes and transparent operational risk reporting across the enterprise .", "the pnc board determines the strategic approach to operational risk via establishment of the operational risk appetite and appropriate risk management structure .", "this includes establishment of risk metrics and limits and a reporting structure to identify , understand and manage operational risks .", "executive management has responsibility for operational risk management .", "the executive management team is responsible for monitoring significant risks , key controls and related issues through management reporting and a governance structure of risk committees and sub-committees .", "within risk management , operational risk management functions are responsible for developing and maintaining the 84 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ [ "Dollars in millions", "2013", "2012" ], [ "January 1", "$4,036", "$4,347" ], [ "Total net charge-offs", "(1,077)", "(1,289)" ], [ "Provision for credit losses", "643", "987" ], [ "Net change in allowance for unfunded loan commitments and letters of credit", "8", "(10)" ], [ "Other", "(1)", "1" ], [ "December 31", "$3,609", "$4,036" ], [ "Net charge-offs to average loans (for the year ended) (a)", ".57%", ".73%" ], [ "Allowance for loan and lease losses to total loans", "1.84", "2.17" ], [ "Commercial lending net charge-offs", "$(249)", "$(359)" ], [ "Consumer lending net charge-offs", "(828)", "(930)" ], [ "Total net charge-offs", "$(1,077)", "$(1,289)" ], [ "Net charge-offs to average loans (for the year ended)", "", "" ], [ "Commercial lending", ".22%", ".35%" ], [ "Consumer lending (a)", "1.07", "1.24" ] ]

[ [ "dollars in millions", "2013", "2012" ], [ "january 1", "$ 4036", "$ 4347" ], [ "total net charge-offs", "-1077 ( 1077 )", "-1289 ( 1289 )" ], [ "provision for credit losses", "643", "987" ], [ "net change in allowance for unfunded loan commitments and letters of credit", "8", "-10 ( 10 )" ], [ "other", "-1 ( 1 )", "1" ], [ "december 31", "$ 3609", "$ 4036" ], [ "net charge-offs to average loans ( for the year ended ) ( a )", ".57% ( .57 % )", ".73% ( .73 % )" ], [ "allowance for loan and lease losses to total loans", "1.84", "2.17" ], [ "commercial lending net charge-offs", "$ -249 ( 249 )", "$ -359 ( 359 )" ], [ "consumer lending net charge-offs", "-828 ( 828 )", "-930 ( 930 )" ], [ "total net charge-offs", "$ -1077 ( 1077 )", "$ -1289 ( 1289 )" ], [ "net charge-offs to average loans ( for the year ended )", "", "" ], [ "commercial lending", ".22% ( .22 % )", ".35% ( .35 % )" ], [ "consumer lending ( a )", "1.07", "1.24" ] ]

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[ "performance graph the following graph compares the yearly change in the cumulative total stockholder return for our last five full fiscal years , based upon the market price of our common stock , with the cumulative total return on a nasdaq composite index ( u.s .", "companies ) and a peer group , the nasdaq medical equipment-sic code 3840-3849 index , which is comprised of medical equipment companies , for that period .", "the performance graph assumes the investment of $ 100 on march 31 , 2006 in our common stock , the nasdaq composite index ( u.s .", "companies ) and the peer group index , and the reinvestment of any and all dividends. ." ]

[ "this graph is not 201csoliciting material 201d under regulation 14a or 14c of the rules promulgated under the securities exchange act of 1934 , is not deemed filed with the securities and exchange commission and is not to be incorporated by reference in any of our filings under the securities act of 1933 , as amended , or the exchange act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing .", "transfer agent american stock transfer & trust company , 59 maiden lane , new york , ny 10038 , is our stock transfer agent. ." ]

[ [ "", "3/31/2006", "3/31/2007", "3/31/2008", "3/31/2009", "3/31/2010", "3/31/2011" ], [ "ABIOMED, Inc", "100", "105.89", "101.86", "37.98", "80.00", "112.64" ], [ "Nasdaq Composite Index", "100", "103.50", "97.41", "65.33", "102.49", "118.86" ], [ "Nasdaq Medical Equipment SIC Code 3840-3849", "100", "88.78", "84.26", "46.12", "83.47", "91.35" ] ]

[ [ "", "3/31/2006", "3/31/2007", "3/31/2008", "3/31/2009", "3/31/2010", "3/31/2011" ], [ "abiomed inc", "100", "105.89", "101.86", "37.98", "80.00", "112.64" ], [ "nasdaq composite index", "100", "103.50", "97.41", "65.33", "102.49", "118.86" ], [ "nasdaq medical equipment sic code 3840-3849", "100", "88.78", "84.26", "46.12", "83.47", "91.35" ] ]

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[ "bhge 2017 form 10-k | 27 the short term .", "we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .", "2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .", "in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .", "the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .", "we continue to see growing demand across these markets in 2018 .", "we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .", "overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .", "we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .", "in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .", "governments may change or may not continue incentives for renewable energy additions .", "in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .", "despite the near-term volatility , the long-term outlook for our industry remains strong .", "we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .", "as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .", "business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .", "amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .", "as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .", "we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .", "our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .", "this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .", "oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. ." ]

[ "brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel ." ]

[ [ "", "2017", "2016", "2015" ], [ "Brent oil prices ($/Bbl)⁽¹⁾", "$54.12", "$43.64", "$52.32" ], [ "WTI oil prices ($/Bbl)⁽²⁾", "50.80", "43.29", "48.66" ], [ "Natural gas prices ($/mmBtu)⁽³⁾", "2.99", "2.52", "2.62" ] ]

[ [ "", "2017", "2016", "2015" ], [ "brent oil prices ( $ /bbl ) ( 1 )", "$ 54.12", "$ 43.64", "$ 52.32" ], [ "wti oil prices ( $ /bbl ) ( 2 )", "50.80", "43.29", "48.66" ], [ "natural gas prices ( $ /mmbtu ) ( 3 )", "2.99", "2.52", "2.62" ] ]

[]

[ "the following is a summary of our floor space by business segment at december 31 , 2010 : ( square feet in millions ) owned leased government- owned total ." ]

[ "some of our owned properties , primarily classified under corporate activities , are leased to third parties .", "in the area of manufacturing , most of the operations are of a job-order nature , rather than an assembly line process , and productive equipment has multiple uses for multiple products .", "management believes that all of our major physical facilities are in good condition and are adequate for their intended use .", "item 3 .", "legal proceedings we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment .", "we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole , notwithstanding that the unfavorable resolution of any matter may have a material effect on our net earnings in any particular quarter .", "we cannot predict the outcome of legal proceedings with certainty .", "these matters include the proceedings summarized in note 14 2013 legal proceedings , commitments , and contingencies beginning on page 78 of this form 10-k .", "from time-to-time , agencies of the u.s .", "government investigate whether our operations are being conducted in accordance with applicable regulatory requirements .", "u.s .", "government investigations of us , whether relating to government contracts or conducted for other reasons , could result in administrative , civil , or criminal liabilities , including repayments , fines , or penalties being imposed upon us , or could lead to suspension or debarment from future u.s .", "government contracting .", "u.s .", "government investigations often take years to complete and many result in no adverse action against us .", "we are subject to federal and state requirements for protection of the environment , including those for discharge of hazardous materials and remediation of contaminated sites .", "as a result , we are a party to or have our property subject to various lawsuits or proceedings involving environmental protection matters .", "due in part to their complexity and pervasiveness , such requirements have resulted in us being involved with related legal proceedings , claims , and remediation obligations .", "the extent of our financial exposure cannot in all cases be reasonably estimated at this time .", "for information regarding these matters , including current estimates of the amounts that we believe are required for remediation or clean-up to the extent estimable , see 201ccritical accounting policies 2013 environmental matters 201d in management 2019s discussion and analysis of financial condition and results of operations beginning on page 45 , and note 14 2013 legal proceedings , commitments , and contingencies beginning on page 78 of this form 10-k .", "item 4 .", "( removed and reserved ) item 4 ( a ) .", "executive officers of the registrant our executive officers are listed below , as well as information concerning their age at december 31 , 2010 , positions and offices held with the corporation , and principal occupation and business experience over the past five years .", "there were no family relationships among any of our executive officers and directors .", "all officers serve at the pleasure of the board of directors .", "linda r .", "gooden ( 57 ) , executive vice president 2013 information systems & global solutions ms .", "gooden has served as executive vice president 2013 information systems & global solutions since january 2007 .", "she previously served as deputy executive vice president 2013 information & technology services from october 2006 to december 2006 , and president , lockheed martin information technology from september 1997 to december 2006 .", "christopher j .", "gregoire ( 42 ) , vice president and controller ( chief accounting officer ) mr .", "gregoire has served as vice president and controller ( chief accounting officer ) since march 2010 .", "he previously was employed by sprint nextel corporation from august 2006 to may 2009 , most recently as principal accounting officer and assistant controller , and was a partner at deloitte & touche llp from september 2003 to july 2006. ." ]

[ [ "<i>(Square feet in millions)</i>", "<i>Owned</i>", "<i>Leased</i>", "<i>Government-Owned</i>", "<i>Total</i>" ], [ "Aeronautics", "5.2", "3.7", "15.2", "24.1" ], [ "Electronic Systems", "10.3", "11.5", "7.1", "28.9" ], [ "Information Systems & Global Solutions", "2.6", "7.9", "—", "10.5" ], [ "Space Systems", "8.6", "1.6", ".9", "11.1" ], [ "Corporate activities", "2.9", ".8", "—", "3.7" ], [ "Total", "29.6", "25.5", "23.2", "78.3" ] ]

[ [ "( square feet in millions )", "owned", "leased", "government-owned", "total" ], [ "aeronautics", "5.2", "3.7", "15.2", "24.1" ], [ "electronic systems", "10.3", "11.5", "7.1", "28.9" ], [ "information systems & global solutions", "2.6", "7.9", "2014", "10.5" ], [ "space systems", "8.6", "1.6", ".9", "11.1" ], [ "corporate activities", "2.9", ".8", "2014", "3.7" ], [ "total", "29.6", "25.5", "23.2", "78.3" ] ]

[]

[ "synopsys , inc .", "notes to consolidated financial statements 2014continued acquired identifiable intangible assets of $ 107.3 million , resulting in total goodwill of $ 257.6 million .", "identifiable intangible assets are being amortized over three to eight years .", "acquisition-related costs directly attributable to the business combination were $ 6.6 million for fiscal 2012 and were expensed as incurred in the consolidated statements of operations .", "these costs consisted primarily of employee separation costs and professional services .", "acquisition of magma design automation , inc .", "( magma ) on february 22 , 2012 , the company acquired magma , a chip design software provider , at a per- share price of $ 7.35 .", "additionally , the company assumed unvested restricted stock units ( rsus ) and stock options , collectively called 201cequity awards . 201d the aggregate purchase price was approximately $ 550.2 million .", "this acquisition enables the company to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools .", "the company allocated the total purchase consideration of $ 550.2 million ( including $ 6.8 million related to equity awards assumed ) to the assets acquired and liabilities assumed based on their respective fair values at the acquisition date , including acquired identifiable intangible assets of $ 184.3 million , resulting in total goodwill of $ 316.3 million .", "identifiable intangible assets are being amortized over three to ten years .", "acquisition-related costs directly attributable to the business combination totaling $ 33.5 million for fiscal 2012 were expensed as incurred in the consolidated statements of operations and consist primarily of employee separation costs , contract terminations , professional services , and facilities closure costs .", "other fiscal 2012 acquisitions during fiscal 2012 , the company acquired five other companies , including emulation & verification engineering , s.a .", "( eve ) , for cash and allocated the total purchase consideration of $ 213.2 million to the assets acquired and liabilities assumed based on their respective fair values , resulting in total goodwill of $ 118.1 million .", "acquired identifiable intangible assets totaling $ 73.3 million were valued using appropriate valuation methods such as income or cost methods and are being amortized over their respective useful lives ranging from one to eight years .", "during fiscal 2012 , acquisition-related costs totaling $ 6.8 million were expensed as incurred in the consolidated statements of operations .", "fiscal 2011 acquisitions during fiscal 2011 , the company completed two acquisitions for cash and allocated the total purchase consideration of $ 37.4 million to the assets and liabilities acquired based on their respective fair values at the acquisition date resulting in goodwill of $ 30.6 million .", "acquired identifiable intangible assets of $ 9.3 million are being amortized over two to ten years .", "note 4 .", "goodwill and intangible assets goodwill: ." ]

[ "." ]

[ [ "", "(in thousands)" ], [ "Balance at October 31, 2011", "$1,289,286" ], [ "Additions", "687,195" ], [ "Other adjustments(1)", "506" ], [ "Balance at October 31, 2012", "$1,976,987" ], [ "Additions", "—" ], [ "Other adjustments(1)", "(1,016)" ], [ "Balance at October 31, 2013", "$1,975,971" ] ]

[ [ "", "( in thousands )" ], [ "balance at october 31 2011", "$ 1289286" ], [ "additions", "687195" ], [ "other adjustments ( 1 )", "506" ], [ "balance at october 31 2012", "$ 1976987" ], [ "additions", "2014" ], [ "other adjustments ( 1 )", "-1016 ( 1016 )" ], [ "balance at october 31 2013", "$ 1975971" ] ]

[ { "arg1": "1975971", "arg2": "1976987", "op": "minus2-1", "res": "-1016" }, { "arg1": "#0", "arg2": "1976987", "op": "divide2-2", "res": "0.052%" } ]

[ "the following is a reconciliation of the total amounts of unrecognized tax benefits for the year : ( in thousands ) ." ]

[ "included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.6 million of tax benefits that , if recognized , would affect the effective tax rate .", "also included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.0 million of tax benefits that , if recognized , would result in a decrease to goodwill recorded in purchase business combinations , and $ 1.9 million of tax benefits that , if recognized , would result in adjustments to other tax accounts , primarily deferred taxes .", "the company believes it is reasonably possible that uncertain tax positions of approximately $ 2.6 million as of december 31 , 2008 will be resolved within the next twelve months .", "the company recognizes interest and penalties related to unrecognized tax benefits as income tax expense .", "related to the uncertain tax benefits noted above , the company recorded interest of $ 171000 during 2008 .", "penalties recorded during 2008 were insignificant .", "in total , as of december 31 , 2008 , the company has recognized a liability for penalties of $ 498000 and interest of $ 1.8 million .", "the company is subject to taxation in the u.s .", "and various states and foreign jurisdictions .", "the company 2019s 2005 through 2008 tax years are open to examination by the internal revenue service .", "the 2005 and 2006 federal returns are currently under examination .", "the company also has various foreign subsidiaries with tax filings under examination , as well as numerous foreign and state tax filings subject to examination for various years .", "10 .", "pension and profit-sharing plans the company has 401 ( k ) /profit-sharing plans for all qualifying full-time domestic employees that permit participants to make contributions by salary reduction pursuant to section 401 ( k ) of the internal revenue code .", "the company makes matching contributions on behalf of each eligible participant in an amount equal to 100% ( 100 % ) of the first 3% ( 3 % ) and an additional 25% ( 25 % ) of the next 5% ( 5 % ) , for a maximum total of 4.25% ( 4.25 % ) of the employee 2019s compensation .", "the company may make a discretionary profit sharing contribution in the amount of 0% ( 0 % ) to 5% ( 5 % ) based on the participant 2019s eligible compensation , provided the employee is employed at the end of the year and has worked at least 1000 hours .", "the qualifying domestic employees of the company 2019s ansoft subsidiary , acquired on july 31 , 2008 , also participate in a 401 ( k ) plan .", "there is no matching employer contribution associated with this plan .", "the company also maintains various defined contribution pension arrangements for its international employees .", "expenses related to the company 2019s retirement programs were $ 3.7 million in 2008 , $ 4.7 million in 2007 and $ 4.1 million in 2006 .", "11 .", "non-compete and employment agreements employees of the company have signed agreements under which they have agreed not to disclose trade secrets or confidential information and , where legally permitted , that restrict engagement in or connection with any business that is competitive with the company anywhere in the world while employed by the company ( and ." ]

[ [ "Unrecognized tax benefit—January 1, 2008", "$7,928" ], [ "Ansoft unrecognized tax benefit—acquired July 31, 2008", "3,525" ], [ "Gross increases—tax positions in prior period", "2,454" ], [ "Gross decreases—tax positions in prior period", "(1,572)" ], [ "Gross increases—tax positions in current period", "2,255" ], [ "Reductions due to a lapse of the applicable statute of limitations", "(1,598)" ], [ "Changes due to currency fluctuation", "(259)" ], [ "Settlements", "(317)" ], [ "Unrecognized tax benefit—December 31, 2008", "$12,416" ] ]

[ [ "unrecognized tax benefit 2014january 1 2008", "$ 7928" ], [ "ansoft unrecognized tax benefit 2014acquired july 31 2008", "3525" ], [ "gross increases 2014tax positions in prior period", "2454" ], [ "gross decreases 2014tax positions in prior period", "-1572 ( 1572 )" ], [ "gross increases 2014tax positions in current period", "2255" ], [ "reductions due to a lapse of the applicable statute of limitations", "-1598 ( 1598 )" ], [ "changes due to currency fluctuation", "-259 ( 259 )" ], [ "settlements", "-317 ( 317 )" ], [ "unrecognized tax benefit 2014december 31 2008", "$ 12416" ] ]

[ { "arg1": "12416", "arg2": "7928", "op": "minus2-1", "res": "4488" }, { "arg1": "#0", "arg2": "7928", "op": "divide2-2", "res": "0.5661" } ]

[ "financial statement impact we believe that our accruals for sales returns , rebates , and discounts are reasonable and appropriate based on current facts and circumstances .", "our global rebate and discount liabilities are included in sales rebates and discounts on our consolidated balance sheet .", "our global sales return liability is included in other current liabilities and other noncurrent liabilities on our consolidated balance sheet .", "as of december 31 , 2018 , a 5 percent change in our global sales return , rebate , and discount liability would have led to an approximate $ 275 million effect on our income before income taxes .", "the portion of our global sales return , rebate , and discount liability resulting from sales of our products in the u.s .", "was approximately 90 percent as of december 31 , 2018 and december 31 , 2017 .", "the following represents a roll-forward of our most significant u.s .", "pharmaceutical sales return , rebate , and discount liability balances , including managed care , medicare , and medicaid: ." ]

[ "( 1 ) adjustments of the estimates for these returns , rebates , and discounts to actual results were approximately 1 percent of consolidated net sales for each of the years presented .", "product litigation liabilities and other contingencies background and uncertainties product litigation liabilities and other contingencies are , by their nature , uncertain and based upon complex judgments and probabilities .", "the factors we consider in developing our product litigation liability reserves and other contingent liability amounts include the merits and jurisdiction of the litigation , the nature and the number of other similar current and past matters , the nature of the product and the current assessment of the science subject to the litigation , and the likelihood of settlement and current state of settlement discussions , if any .", "in addition , we accrue for certain product liability claims incurred , but not filed , to the extent we can formulate a reasonable estimate of their costs based primarily on historical claims experience and data regarding product usage .", "we accrue legal defense costs expected to be incurred in connection with significant product liability contingencies when both probable and reasonably estimable .", "we also consider the insurance coverage we have to diminish the exposure for periods covered by insurance .", "in assessing our insurance coverage , we consider the policy coverage limits and exclusions , the potential for denial of coverage by the insurance company , the financial condition of the insurers , and the possibility of and length of time for collection .", "due to a very restrictive market for product liability insurance , we are self-insured for product liability losses for all our currently marketed products .", "in addition to insurance coverage , we also consider any third-party indemnification to which we are entitled or under which we are obligated .", "with respect to our third-party indemnification rights , these considerations include the nature of the indemnification , the financial condition of the indemnifying party , and the possibility of and length of time for collection .", "the litigation accruals and environmental liabilities and the related estimated insurance recoverables have been reflected on a gross basis as liabilities and assets , respectively , on our consolidated balance sheets .", "impairment of indefinite-lived and long-lived assets background and uncertainties we review the carrying value of long-lived assets ( both intangible and tangible ) for potential impairment on a periodic basis and whenever events or changes in circumstances indicate the carrying value of an asset ( or asset group ) may not be recoverable .", "we identify impairment by comparing the projected undiscounted cash flows to be generated by the asset ( or asset group ) to its carrying value .", "if an impairment is identified , a loss is recorded equal to the excess of the asset 2019s net book value over its fair value , and the cost basis is adjusted .", "goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually and when certain impairment indicators are present .", "when required , a comparison of fair value to the carrying amount of assets is performed to determine the amount of any impairment. ." ]

[ [ "(Dollars in millions)", "2018", "2017" ], [ "Sales return, rebate, and discount liabilities, beginning of year", "$4,172.0", "$3,601.8" ], [ "Reduction of net sales due to sales returns, discounts, and rebates⁽¹⁾", "12,529.6", "10,603.4" ], [ "Cash payments of discounts and rebates", "(12,023.4)", "(10,033.2)" ], [ "Sales return, rebate, and discount liabilities, end of year", "$4,678.2", "$4,172.0" ] ]

[ [ "( dollars in millions )", "2018", "2017" ], [ "sales return rebate and discount liabilities beginning of year", "$ 4172.0", "$ 3601.8" ], [ "reduction of net sales due to sales returns discounts and rebates ( 1 )", "12529.6", "10603.4" ], [ "cash payments of discounts and rebates", "-12023.4 ( 12023.4 )", "-10033.2 ( 10033.2 )" ], [ "sales return rebate and discount liabilities end of year", "$ 4678.2", "$ 4172.0" ] ]

[ { "arg1": "12529.6", "arg2": "10603.4", "op": "minus2-1", "res": "1926.2" }, { "arg1": "#0", "arg2": "10603.4", "op": "divide2-2", "res": "18%" } ]

[ "changes in the benchmark index component of the 10-year treasury yield .", "the company def signated these derivatives as cash flow hedges .", "on october 13 , 2015 , in conjunction with the pricing of the $ 4.5 billion senior notes , the companyr terminated these treasury lock contracts for a cash settlement payment of $ 16 million , which was recorded as a component of other comprehensive earnings and will be reclassified as an adjustment to interest expense over the ten years during which the related interest payments that were hedged will be recognized in income .", "foreign currency risk we are exposed to foreign currency risks that arise from normal business operations .", "these risks include the translation of local currency balances of foreign subsidiaries , transaction gains and losses associated with intercompany loans with foreign subsidiaries and transactions denominated in currencies other than a location's functional currency .", "we manage the exposure to these risks through a combination of normal operating activities and the use of foreign currency forward contracts .", "contracts are denominated in currtt encies of major industrial countries .", "our exposure to foreign currency exchange risks generally arises from our non-u.s .", "operations , to the extent they are conducted ind local currency .", "changes in foreign currency exchange rates affect translations of revenues denominated in currencies other than the u.s .", "dollar .", "during the years ended december 31 , 2016 , 2015 and 2014 , we generated approximately $ 1909 million , $ 1336 million and $ 1229 million , respectively , in revenues denominated in currencies other than the u.s .", "dollar .", "the major currencies to which our revenues are exposed are the brazilian real , the euro , the british pound sterling and the indian rupee .", "a 10% ( 10 % ) move in average exchange rates for these currencies ( assuming a simultaneous and immediate 10% ( 10 % ) change in all of such rates for the relevant period ) would have resulted in the following increase or ( decrease ) in our reported revenues for the years ended december 31 , 2016 , 2015 and 2014 ( in millions ) : ." ]

[ "while our results of operations have been impacted by the effects of currency fluctuations , our international operations' revenues and expenses are generally denominated in local currency , which reduces our economic exposure to foreign exchange risk in those jurisdictions .", "revenues included $ 100 million and $ 243 million and net earnings included $ 10 million , anrr d $ 31 million , respectively , of unfavorable foreign currency impact during 2016 and 2015 resulting from a stronger u.s .", "dollar during these years compared to thet preceding year .", "in 2017 , we expect continued unfavorable foreign currency impact on our operating income resulting from the continued strengthening of the u.s .", "dollar vs .", "other currencies .", "our foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in our results of operations and/or cash flows resulting from foreign exchange rate fluctuations .", "we do not enter into foreign currency derivative instruments for trading purposes or to engage in speculative activitr y .", "we do periodically enter inttt o foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans .", "as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 143 million and the fair value was nominal .", "these derivatives are intended to hedge the foreign exchange risks related to intercompany loans but have not been designated as hedges for accounting purposes .", "we also use currency forward contracts to manage our exposure to fluctuations in costs caused by variations in indian rupee ( \"inr\" ) exchange rates .", "as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 7 million and the fair value was ll less than $ 1 million .", "these inr forward contracts are designated as cash flow hedges .", "the fair value of these currency forward contracts is determined using currency exchange market rates , obtained from reliable , independent , third m party banks , at the balance sheet date .", "the fair value of forward contracts is subject to changes in currency exchange rates .", "the company has no ineffectiveness related to its use of currency forward contracts in connection with inr cash flow hedges .", "in conjunction with entering into the definitive agreement to acquire clear2pay in september 2014 , we initiated a foreign currency forward contract to purchase euros and sell u.s .", "dollars to manage the risk arising from fluctuations in exchange rates until the closing because the purchase price was stated in euros .", "as this derivative did not qualify for hedge accounting , we recorded a charge of $ 16 million in other income ( expense ) , net during the third quarter of 2014 .", "this forward contract was settled on october 1 , 2014. ." ]

[ [ "Currency", "2016", "2015", "2014" ], [ "Pound Sterling", "$47", "$34", "$31" ], [ "Euro", "38", "33", "30" ], [ "Real", "32", "29", "38" ], [ "Indian Rupee", "12", "10", "8" ], [ "Total impact", "$129", "$106", "$107" ] ]

[ [ "currency", "2016", "2015", "2014" ], [ "pound sterling", "$ 47", "$ 34", "$ 31" ], [ "euro", "38", "33", "30" ], [ "real", "32", "29", "38" ], [ "indian rupee", "12", "10", "8" ], [ "total impact", "$ 129", "$ 106", "$ 107" ] ]

[]

[ "united parcel service , inc .", "and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources as of december 31 , 2017 , we had $ 4.069 billion in cash , cash equivalents and marketable securities .", "we believe that our current cash position , access to the long-term debt capital markets and cash flow generated from operations should be adequate not only for operating requirements but also to enable us to complete our capital expenditure programs and to fund dividend payments , share repurchases and long-term debt payments through the next several years .", "in addition , we have funds available from our commercial paper program and the ability to obtain alternative sources of financing .", "we regularly evaluate opportunities to optimize our capital structure , including through issuances of debt to refinance existing debt and to fund ongoing cash needs .", "cash flows from operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : ." ]

[ "( 1 ) represents depreciation and amortization , gains and losses on derivative transactions and foreign exchange , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense and other non-cash items .", "cash from operating activities remained strong throughout 2015 to 2017 .", "most of the variability in operating cash flows during the 2015 to 2017 time period relates to the funding of our company-sponsored pension and postretirement benefit plans ( and related cash tax deductions ) .", "except for discretionary or accelerated fundings of our plans , contributions to our company- sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans .", "2022 we made discretionary contributions to our three primary company-sponsored u.s .", "pension plans totaling $ 7.291 , $ 2.461 and $ 1.030 billion in 2017 , 2016 and 2015 , respectively .", "2022 the remaining contributions from 2015 to 2017 were largely due to contributions to our international pension plans and u.s .", "postretirement medical benefit plans .", "apart from the transactions described above , operating cash flow was impacted by changes in our working capital position , payments for income taxes and changes in hedge margin payables and receivables .", "cash payments for income taxes were $ 1.559 , $ 2.064 and $ 1.913 billion for 2017 , 2016 and 2015 , respectively , and were primarily impacted by the timing of current tax deductions .", "the net hedge margin collateral ( paid ) /received from derivative counterparties was $ ( 732 ) , $ ( 142 ) and $ 170 million during 2017 , 2016 and 2015 , respectively , due to settlements and changes in the fair value of the derivative contracts used in our currency and interest rate hedging programs .", "as of december 31 , 2017 , the total of our worldwide holdings of cash , cash equivalents and marketable securities were $ 4.069 billion , of which approximately $ 1.800 billion was held by foreign subsidiaries .", "the amount of cash , cash equivalents and marketable securities held by our u.s .", "and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business .", "cash provided by operating activities in the u.s .", "continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners .", "as a result of the tax act , all cash , cash equivalents and marketable securities held by foreign subsidiaries are generally available for distribution to the u.s .", "without any u.s .", "federal income taxes .", "any such distributions may be subject to foreign withholding and u.s .", "state taxes .", "when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. ." ]

[ [ "", "2017", "2016", "2015" ], [ "Net Income", "$4,910", "$3,431", "$4,844" ], [ "Non-cash operating activities⁽¹⁾", "5,776", "6,444", "4,122" ], [ "Pension and postretirement plan contributions (UPS-sponsored plans)", "(7,794)", "(2,668)", "(1,229)" ], [ "Hedge margin receivables and payables", "(732)", "(142)", "170" ], [ "Income tax receivables and payables", "(550)", "(505)", "(6)" ], [ "Changes in working capital and other non-current assets and liabilities", "(178)", "(62)", "(418)" ], [ "Other operating activities", "47", "(25)", "(53)" ], [ "Net cash from operating activities", "$1,479", "$6,473", "$7,430" ] ]

[ [ "", "2017", "2016", "2015" ], [ "net income", "$ 4910", "$ 3431", "$ 4844" ], [ "non-cash operating activities ( 1 )", "5776", "6444", "4122" ], [ "pension and postretirement plan contributions ( ups-sponsored plans )", "-7794 ( 7794 )", "-2668 ( 2668 )", "-1229 ( 1229 )" ], [ "hedge margin receivables and payables", "-732 ( 732 )", "-142 ( 142 )", "170" ], [ "income tax receivables and payables", "-550 ( 550 )", "-505 ( 505 )", "-6 ( 6 )" ], [ "changes in working capital and other non-current assets and liabilities", "-178 ( 178 )", "-62 ( 62 )", "-418 ( 418 )" ], [ "other operating activities", "47", "-25 ( 25 )", "-53 ( 53 )" ], [ "net cash from operating activities", "$ 1479", "$ 6473", "$ 7430" ] ]

[ { "arg1": "2668", "arg2": "1229", "op": "minus1-1", "res": "1439" }, { "arg1": "#0", "arg2": "1229", "op": "divide1-2", "res": "117%" } ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 and 2009 , the company had $ 295.4 million and $ 295.0 million net , respectively ( $ 300.0 million aggregate principal amount ) outstanding under the 7.25% ( 7.25 % ) notes .", "as of december 31 , 2010 and 2009 , the carrying value includes a discount of $ 4.6 million and $ 5.0 million , respectively .", "5.0% ( 5.0 % ) convertible notes 2014the 5.0% ( 5.0 % ) convertible notes due 2010 ( 201c5.0% ( 201c5.0 % ) notes 201d ) matured on february 15 , 2010 , and interest was payable semiannually on february 15 and august 15 of each year .", "the 5.0% ( 5.0 % ) notes were convertible at any time into shares of the company 2019s class a common stock ( 201ccommon stock 201d ) at a conversion price of $ 51.50 per share , subject to adjustment in certain cases .", "as of december 31 , 2010 and 2009 , the company had none and $ 59.7 million outstanding , respectively , under the 5.0% ( 5.0 % ) notes .", "ati 7.25% ( 7.25 % ) senior subordinated notes 2014the ati 7.25% ( 7.25 % ) notes were issued with a maturity of december 1 , 2011 and interest was payable semi-annually in arrears on june 1 and december 1 of each year .", "the ati 7.25% ( 7.25 % ) notes were jointly and severally guaranteed on a senior subordinated basis by the company and substantially all of the wholly owned domestic restricted subsidiaries of ati and the company , other than spectrasite and its subsidiaries .", "the notes ranked junior in right of payment to all existing and future senior indebtedness of ati , the sister guarantors ( as defined in the indenture relating to the notes ) and their domestic restricted subsidiaries .", "the ati 7.25% ( 7.25 % ) notes were structurally senior in right of payment to all other existing and future indebtedness of the company , including the company 2019s senior notes , convertible notes and the revolving credit facility and term loan .", "during the year ended december 31 , 2010 , ati issued a notice for the redemption of the principal amount of its outstanding ati 7.25% ( 7.25 % ) notes .", "in accordance with the redemption provisions and the indenture for the ati 7.25% ( 7.25 % ) notes , the notes were redeemed at a price equal to 100.00% ( 100.00 % ) of the principal amount , plus accrued and unpaid interest up to , but excluding , september 23 , 2010 , for an aggregate purchase price of $ 0.3 million .", "as of december 31 , 2010 and 2009 , the company had none and $ 0.3 million , respectively , outstanding under the ati 7.25% ( 7.25 % ) notes .", "capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 46.3 million and $ 59.0 million as of december 31 , 2010 and 2009 , respectively .", "these obligations bear interest at rates ranging from 2.5% ( 2.5 % ) to 9.3% ( 9.3 % ) and mature in periods ranging from less than one year to approximately seventy years .", "maturities 2014as of december 31 , 2010 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 ." ]

[ "." ]

[ [ "2011", "$74,896" ], [ "2012", "625,884" ], [ "2013", "618" ], [ "2014", "1,750,479" ], [ "2015", "600,489" ], [ "Thereafter", "2,541,858" ], [ "Total cash obligations", "5,594,224" ], [ "Unamortized discounts and premiums, net", "(6,836)" ], [ "Balance as of December 31, 2010", "$5,587,388" ] ]

[ [ "2011", "$ 74896" ], [ "2012", "625884" ], [ "2013", "618" ], [ "2014", "1750479" ], [ "2015", "600489" ], [ "thereafter", "2541858" ], [ "total cash obligations", "5594224" ], [ "unamortized discounts and premiums net", "-6836 ( 6836 )" ], [ "balance as of december 31 2010", "$ 5587388" ] ]

[]

[ "other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters .", "the loan has a seven year term and maturity date of december 2019 .", "the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty .", "the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above .", "the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property .", "as of december 31 , 2017 and 2016 , the outstanding balance on the loan was $ 40.0 million and $ 42.0 million , respectively .", "the weighted average interest rate on the loan was 2.5% ( 2.5 % ) and 2.0% ( 2.0 % ) for the years ended december 31 , 2017 and 2016 , respectively .", "the following are the scheduled maturities of long term debt as of december 31 , 2017 : ( in thousands ) ." ]

[ "interest expense , net was $ 34.5 million , $ 26.4 million , and $ 14.6 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .", "amortization of deferred financing costs was $ 1.3 million , $ 1.2 million , and $ 0.8 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .", "7 .", "commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .", "the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .", "the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2017 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .", "the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2017 as well as ." ]

[ [ "2018", "$27,000" ], [ "2019", "63,000" ], [ "2020", "25,000" ], [ "2021", "86,250" ], [ "2022", "—" ], [ "2023 and thereafter", "600,000" ], [ "Total scheduled maturities of long term debt", "$801,250" ], [ "Current maturities of long term debt", "$27,000" ] ]

[ [ "2018", "$ 27000" ], [ "2019", "63000" ], [ "2020", "25000" ], [ "2021", "86250" ], [ "2022", "2014" ], [ "2023 and thereafter", "600000" ], [ "total scheduled maturities of long term debt", "$ 801250" ], [ "current maturities of long term debt", "$ 27000" ] ]

[ { "arg1": "42.0", "arg2": "40.0", "op": "minus1-1", "res": "2" }, { "arg1": "#0", "arg2": "40.0", "op": "divide1-2", "res": "5.0%" } ]

[ "page 20 of 100 segment sales were $ 100.7 million lower in 2009 than in 2008 , primarily as a result of the impact of lower aluminum prices partially offset by an increase in sales volumes .", "the higher sales volumes in 2009 were the result of incremental volumes from the four plants purchased from ab inbev , partially offset by certain plant closures and lower sales volumes in the existing business .", "segment earnings in 2010 were $ 122.3 million higher than in 2009 primarily due to a net $ 85 million impact related to the higher sales volumes and $ 45 million of product mix and improved manufacturing performance associated with higher production .", "also adding to the 2010 improvement was the effect of a $ 7 million out-of-period inventory charge in 2009 .", "the details of the out-of-period adjustment are included in note 7 to the consolidated financial statements included within item 8 of this report .", "segment earnings in 2009 were higher than in 2008 due to $ 12 million of earnings contribution from the four acquired plants and approximately $ 21 million of savings associated with plant closures .", "partially offsetting these favorable impacts were lower carbonated soft drink and beer can sales volumes ( excluding the newly acquired plants ) and approximately $ 25 million related to higher cost inventories in the first half of 2009 .", "metal beverage packaging , europe ." ]

[ "( a ) further details of these items are included in note 5 to the consolidated financial statements within item 8 of this report .", "the metal beverage packaging , europe , segment includes metal beverage packaging products manufactured in europe .", "ball packaging europe has manufacturing plants located in germany , the united kingdom , france , the netherlands , poland and serbia , and is the second largest metal beverage container business in europe .", "segment sales in 2010 decreased $ 41.9 million compared to 2009 , primarily due to unfavorable foreign exchange effects of $ 93 million and price and mix changes , partially offset by higher sales volumes .", "segment sales in 2009 as compared to 2008 were $ 129.2 million lower due to $ 110 million of unfavorable foreign exchange effects , partially offset by better commercial terms .", "sales volumes in 2009 were essentially flat compared to those in the prior year .", "segment earnings in 2010 decreased $ 1.9 million compared to 2009 , primarily the result of a $ 28 million increase related to higher sales volumes , offset by $ 18 million of negative effects from foreign currency translation and $ 12 million of higher inventory and other costs .", "while 2009 sales volumes were consistent with the prior year , the adverse effects of foreign currency translation , both within europe and on the conversion of the euro to the u.s .", "dollar , reduced segment earnings by $ 8 million .", "also contributing to lower segment earnings were higher cost inventory carried into 2009 and a change in sales mix , partially offset by better commercial terms in some of our contracts .", "on january 18 , 2011 , ball acquired aerocan s.a.s .", "( aerocan ) , a leading european supplier of aluminum aerosol cans and bottles , for 20ac222.4 million ( approximately $ 300 million ) in cash and assumed debt .", "aerocan manufactures extruded aluminum aerosol cans and bottles , and the aluminum slugs used to make them , for customers in the personal care , pharmaceutical , beverage and food industries .", "it operates three aerosol can manufacturing plants 2013 one each in the czech republic , france and the united kingdom 2013 and is a 51 percent owner of a joint venture aluminum slug plant in france .", "the four plants employ approximately 560 people .", "the acquisition of aerocan will allow ball to enter a growing part of the metal packaging industry and to broaden the company 2019s market development efforts into a new customer base. ." ]

[ [ "($ in millions)", "2010", "2009", "2008" ], [ "Net sales", "$1,697.6", "$1,739.5", "$1,868.7" ], [ "Segment earnings", "$212.9", "$214.8", "$230.9" ], [ "Business consolidation costs(a)", "(3.2)", "−", "−" ], [ "Total segment earnings", "$209.7", "$214.8", "$230.9" ] ]

[ [ "( $ in millions )", "2010", "2009", "2008" ], [ "net sales", "$ 1697.6", "$ 1739.5", "$ 1868.7" ], [ "segment earnings", "$ 212.9", "$ 214.8", "$ 230.9" ], [ "business consolidation costs ( a )", "-3.2 ( 3.2 )", "2212", "2212" ], [ "total segment earnings", "$ 209.7", "$ 214.8", "$ 230.9" ] ]

[]

[ "in addition , included in the loan table are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup .", "in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield .", "accordingly , these loans have been excluded from the impaired loan information presented above .", "in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield .", "however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield .", "where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method .", "the carrying amount of the purchased distressed loan portfolio at december 31 , 2009 was $ 825 million net of an allowance of $ 95 million .", "the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2009 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance ." ]

[ "( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 87 million of purchased loans accounted for under the level-yield method and $ 242 million under the cost-recovery method .", "these balances represent the fair value of these loans at their acquisition date .", "the related total expected cash flows for the level-yield loans were $ 101 million at their acquisition dates .", "( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 561 million of loans accounted for under the level-yield method and $ 359 million accounted for under the cost-recovery method. ." ]

[ [ "In millions of dollars", "Accretable yield", "Carrying amount of loan receivable", "Allowance" ], [ "Beginning balance", "$92", "$1,510", "$122" ], [ "Purchases(1)", "14", "329", "—" ], [ "Disposals/payments received", "(5)", "(967)", "—" ], [ "Accretion", "(52)", "52", "—" ], [ "Builds (reductions) to the allowance", "(21)", "1", "(27)" ], [ "Increase to expected cash flows", "10", "2", "—" ], [ "FX/Other", "(11)", "(7)", "—" ], [ "Balance, December 31, 2009(2)", "$27", "$920", "$95" ] ]

[ [ "in millions of dollars", "accretable yield", "carrying amount of loan receivable", "allowance" ], [ "beginning balance", "$ 92", "$ 1510", "$ 122" ], [ "purchases ( 1 )", "14", "329", "2014" ], [ "disposals/payments received", "-5 ( 5 )", "-967 ( 967 )", "2014" ], [ "accretion", "-52 ( 52 )", "52", "2014" ], [ "builds ( reductions ) to the allowance", "-21 ( 21 )", "1", "-27 ( 27 )" ], [ "increase to expected cash flows", "10", "2", "2014" ], [ "fx/other", "-11 ( 11 )", "-7 ( 7 )", "2014" ], [ "balance december 31 2009 ( 2 )", "$ 27", "$ 920", "$ 95" ] ]

[ { "arg1": "920", "arg2": "242", "op": "minus1-1", "res": "678" }, { "arg1": "87", "arg2": "#0", "op": "divide1-2", "res": "12.8%" } ]

[ "31mar201122064257 notes to consolidated financial statements ( continued ) 10 .", "income taxes ( 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 october 1 , 2010 are the united states , california , and iowa .", "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 .", "during the year ended october 1 , 2010 , $ 0.6 million of previously unrecognized tax benefits related to the expiration of the statute of limitations period were recognized .", "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 did not incur any significant accrued interest or penalties related to unrecognized tax benefits during fiscal year 2010 .", "11 .", "stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value .", "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 on august 3 , 2010 , the company 2019s board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200 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 .", "the company had not repurchased any shares under the program for the fiscal year ended october 1 , 2010 .", "as of november 29 , 2010 , the skyworks / 2010 annual report 137 ." ]

[ [ "Balance at October 2, 2009", "$8,859" ], [ "Increases based on positions related to prior years", "437" ], [ "Increases based on positions related to current year", "11,221" ], [ "Decreases relating to settlements with taxing authorities", "—" ], [ "Decreases relating to lapses of applicable statutes of limitations", "(617)" ], [ "Balance at October 1, 2010", "$19,900" ] ]

[ [ "balance at october 2 2009", "$ 8859" ], [ "increases based on positions related to prior years", "437" ], [ "increases based on positions related to current year", "11221" ], [ "decreases relating to settlements with taxing authorities", "2014" ], [ "decreases relating to lapses of applicable statutes of limitations", "-617 ( 617 )" ], [ "balance at october 1 2010", "$ 19900" ] ]

[ { "arg1": "19900", "arg2": "8859", "op": "minus1-1", "res": "11041" }, { "arg1": "#0", "arg2": "8859", "op": "divide1-2", "res": "125%" } ]

[ "14 .", "leases we lease certain locomotives , freight cars , and other property .", "the consolidated statement of financial position as of december 31 , 2009 and 2008 included $ 2754 million , net of $ 927 million of accumulated depreciation , and $ 2024 million , net of $ 869 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 , 2009 were as follows : millions of dollars operating leases capital leases ." ]

[ "the majority of capital lease payments relate to locomotives .", "rent expense for operating leases with terms exceeding one month was $ 686 million in 2009 , $ 747 million in 2008 , and $ 810 million in 2007 .", "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 .", "15 .", "commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .", "we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .", "we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use third-party actuaries to assist us in measuring 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 ." ]

[ [ "<i>Millions of Dollars</i>", "<i>OperatingLeases</i>", "Capital Leases" ], [ "2010", "$576", "$290" ], [ "2011", "570", "292" ], [ "2012", "488", "247" ], [ "2013", "425", "256" ], [ "2014", "352", "267" ], [ "Later years", "2,901", "1,623" ], [ "Total minimum lease payments", "$5,312", "$2,975" ], [ "Amount representing interest", "N/A", "(914)" ], [ "Present value of minimum lease payments", "N/A", "$2,061" ] ]

[ [ "millions of dollars", "operatingleases", "capital leases" ], [ "2010", "$ 576", "$ 290" ], [ "2011", "570", "292" ], [ "2012", "488", "247" ], [ "2013", "425", "256" ], [ "2014", "352", "267" ], [ "later years", "2901", "1623" ], [ "total minimum lease payments", "$ 5312", "$ 2975" ], [ "amount representing interest", "n/a", "-914 ( 914 )" ], [ "present value of minimum lease payments", "n/a", "$ 2061" ] ]

[]

[ "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" ] ]

[]

[ "year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december 31 , 2004 and 2003 are set forth below : for the year ended december 31 , ( in millions ) 2004 2003 change ." ]

[ "net sales net sales increased by $ 154.6 million , or 8.9% ( 8.9 % ) , for the year ended december 31 , 2004 from the year ended december 31 , 2003 .", "net sales increased due to improved sales volumes and prices of corrugated products and containerboard compared to 2003 .", "total corrugated products volume sold increased 6.6% ( 6.6 % ) to 29.9 billion square feet in 2004 compared to 28.1 billion square feet in 2003 .", "on a comparable shipment-per-workday basis , corrugated products sales volume increased 7.0% ( 7.0 % ) in 2004 from 2003 .", "excluding pca 2019s acquisition of acorn in february 2004 , corrugated products volume was 5.3% ( 5.3 % ) higher in 2004 than 2003 and up 5.8% ( 5.8 % ) compared to 2003 on a shipment-per-workday basis .", "shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year .", "the larger percentage increase was due to the fact that 2004 had one less workday ( 251 days ) , those days not falling on a weekend or holiday , than 2003 ( 252 days ) .", "containerboard sales volume to external domestic and export customers increased 6.8% ( 6.8 % ) to 475000 tons for the year ended december 31 , 2004 from 445000 tons in 2003 .", "income before interest and taxes income before interest and taxes increased by $ 43.6 million , or 45.1% ( 45.1 % ) , for the year ended december 31 , 2004 compared to 2003 .", "included in income before interest and taxes for the year ended december 31 , 2004 is income of $ 27.8 million , net of expenses , attributable to a dividend paid to pca by stv , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest .", "included in income before interest and taxes for the year ended december 31 , 2003 is a $ 3.3 million charge for fees and expenses related to the company 2019s debt refinancing which was completed in july 2003 , and a fourth quarter charge of $ 16.0 million to settle certain benefits related matters with pactiv corporation dating back to april 12 , 1999 when pca became a stand-alone company , as described below .", "during the fourth quarter of 2003 , pactiv notified pca that we owed pactiv additional amounts for hourly pension benefits and workers 2019 compensation liabilities dating back to april 12 , 1999 .", "a settlement of $ 16.0 million was negotiated between pactiv and pca in december 2003 .", "the full amount of the settlement was accrued in the fourth quarter of 2003 .", "excluding these special items , operating income decreased $ 3.4 million in 2004 compared to 2003 .", "the $ 3.4 million decrease in income before interest and taxes was primarily attributable to increased energy and transportation costs ( $ 19.2 million ) , higher recycled and wood fiber costs ( $ 16.7 million ) , increased salary expenses related to annual increases and new hires ( $ 5.7 million ) , and increased contractual hourly labor costs ( $ 5.6 million ) , which was partially offset by increased sales volume and sales prices ( $ 44.3 million ) . ." ]

[ [ "", "For the Year Ended December 31,", "" ], [ "<i>(In millions)</i>", "2004", "2003", "Change" ], [ "Net sales", "$1,890.1", "$1,735.5", "$154.6" ], [ "Income before interest and taxes", "$140.5", "$96.9", "$43.6" ], [ "Interest expense, net", "(29.6)", "(121.8)", "92.2" ], [ "Income (loss) before taxes", "110.9", "(24.9)", "135.8" ], [ "(Provision) benefit for income taxes", "(42.2)", "10.5", "(52.7)" ], [ "Net income (loss)", "$68.7", "$(14.4)", "$83.1" ] ]

[ [ "( in millions )", "for the year ended december 31 , 2004", "for the year ended december 31 , 2003", "change" ], [ "net sales", "$ 1890.1", "$ 1735.5", "$ 154.6" ], [ "income before interest and taxes", "$ 140.5", "$ 96.9", "$ 43.6" ], [ "interest expense net", "-29.6 ( 29.6 )", "-121.8 ( 121.8 )", "92.2" ], [ "income ( loss ) before taxes", "110.9", "-24.9 ( 24.9 )", "135.8" ], [ "( provision ) benefit for income taxes", "-42.2 ( 42.2 )", "10.5", "-52.7 ( 52.7 )" ], [ "net income ( loss )", "$ 68.7", "$ -14.4 ( 14.4 )", "$ 83.1" ] ]

[]

[ "is used to monitor the risk in the loan classes .", "loans with higher fico scores and lower ltvs tend to have a lower level of risk .", "conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk .", "in the first quarter of 2013 , we refined our process for the home equity and residential real estate asset quality indicators shown in the following tables .", "these refinements include , but are not limited to , improvements in the process for determining lien position and ltv in both table 67 and table 68 .", "additionally , as of the first quarter of 2013 , we are now presenting table 67 at recorded investment as opposed to our prior presentation of outstanding balance .", "table 68 continues to be presented at outstanding balance .", "both the 2013 and 2012 period end balance disclosures are presented in the below tables using this refined process .", "consumer purchased impaired loan class estimates of the expected cash flows primarily determine the credit impacts of consumer purchased impaired loans .", "consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination .", "these key factors are monitored to help ensure that concentrations of risk are mitigated and cash flows are maximized .", "see note 6 purchased loans for additional information .", "table 66 : home equity and residential real estate balances in millions december 31 december 31 home equity and residential real estate loans 2013 excluding purchased impaired loans ( a ) $ 44376 $ 42725 home equity and residential real estate loans 2013 purchased impaired loans ( b ) 5548 6638 government insured or guaranteed residential real estate mortgages ( a ) 1704 2279 purchase accounting adjustments 2013 purchased impaired loans ( 116 ) ( 482 ) total home equity and residential real estate loans ( a ) $ 51512 $ 51160 ( a ) represents recorded investment .", "( b ) represents outstanding balance .", "136 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ "is used to monitor the risk in the loan classes .", "loans with higher fico scores and lower ltvs tend to have a lower level of risk .", "conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk .", "in the first quarter of 2013 , we refined our process for the home equity and residential real estate asset quality indicators shown in the following tables .", "these refinements include , but are not limited to , improvements in the process for determining lien position and ltv in both table 67 and table 68 .", "additionally , as of the first quarter of 2013 , we are now presenting table 67 at recorded investment as opposed to our prior presentation of outstanding balance .", "table 68 continues to be presented at outstanding balance .", "both the 2013 and 2012 period end balance disclosures are presented in the below tables using this refined process .", "consumer purchased impaired loan class estimates of the expected cash flows primarily determine the credit impacts of consumer purchased impaired loans .", "consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination .", "these key factors are monitored to help ensure that concentrations of risk are mitigated and cash flows are maximized .", "see note 6 purchased loans for additional information .", "table 66 : home equity and residential real estate balances in millions december 31 december 31 home equity and residential real estate loans 2013 excluding purchased impaired loans ( a ) $ 44376 $ 42725 home equity and residential real estate loans 2013 purchased impaired loans ( b ) 5548 6638 government insured or guaranteed residential real estate mortgages ( a ) 1704 2279 purchase accounting adjustments 2013 purchased impaired loans ( 116 ) ( 482 ) total home equity and residential real estate loans ( a ) $ 51512 $ 51160 ( a ) represents recorded investment .", "( b ) represents outstanding balance .", "136 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ [ "In millions", "December 31 2013", "December 31 2012" ], [ "Home equity and residential real estate loans – excluding purchased impaired loans (a)", "$44,376", "$42,725" ], [ "Home equity and residential real estate loans – purchased impaired loans (b)", "5,548", "6,638" ], [ "Government insured or guaranteed residential real estate mortgages (a)", "1,704", "2,279" ], [ "Purchase accounting adjustments – purchased impaired loans", "(116)", "(482)" ], [ "Total home equity and residential real estate loans (a)", "$51,512", "$51,160" ] ]

[ [ "in millions", "december 31 2013", "december 31 2012" ], [ "home equity and residential real estate loans 2013 excluding purchased impaired loans ( a )", "$ 44376", "$ 42725" ], [ "home equity and residential real estate loans 2013 purchased impaired loans ( b )", "5548", "6638" ], [ "government insured or guaranteed residential real estate mortgages ( a )", "1704", "2279" ], [ "purchase accounting adjustments 2013 purchased impaired loans", "-116 ( 116 )", "-482 ( 482 )" ], [ "total home equity and residential real estate loans ( a )", "$ 51512", "$ 51160" ] ]

[ { "arg1": "51512", "arg2": "51160", "op": "add2-1", "res": "102672.0" }, { "arg1": "#0", "arg2": "const_2", "op": "divide0-0", "res": "51336" } ]

[ "item 7 .", "management 2019s discussion and analysis of financial condition and results of operations the following discussion and analysis is based primarily on the consolidated financial statements of welltower inc .", "for the periods presented and should be read together with the notes thereto contained in this annual report on form 10-k .", "other important factors are identified in 201citem 1 2014 business 201d and 201citem 1a 2014 risk factors 201d above .", "executive summary company overview welltower inc .", "( nyse : hcn ) , an s&p 500 company headquartered in toledo , ohio , is driving the transformation of health care infrastructure .", "the company invests with leading seniors housing operators , post- acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people 2019s wellness and overall health care experience .", "welltowertm , a real estate investment trust ( 201creit 201d ) , owns interests in properties concentrated in major , high-growth markets in the united states , canada and the united kingdom , consisting of seniors housing and post-acute communities and outpatient medical properties .", "our capital programs , when combined with comprehensive planning , development and property management services , make us a single-source solution for acquiring , planning , developing , managing , repositioning and monetizing real estate assets .", "the following table summarizes our consolidated portfolio for the year ended december 31 , 2016 ( dollars in thousands ) : type of property net operating income ( noi ) ( 1 ) percentage of number of properties ." ]

[ "( 1 ) excludes our share of investments in unconsolidated entities and non-segment/corporate noi .", "entities in which we have a joint venture with a minority partner are shown at 100% ( 100 % ) of the joint venture amount .", "business strategy our primary objectives are to protect stockholder capital and enhance stockholder value .", "we seek to pay consistent cash dividends to stockholders and create opportunities to increase dividend payments to stockholders as a result of annual increases in net operating income and portfolio growth .", "to meet these objectives , we invest across the full spectrum of seniors housing and health care real estate and diversify our investment portfolio by property type , relationship and geographic location .", "substantially all of our revenues are derived from operating lease rentals , resident fees and services , and interest earned on outstanding loans receivable .", "these items represent our primary sources of liquidity to fund distributions and depend upon the continued ability of our obligors to make contractual rent and interest payments to us and the profitability of our operating properties .", "to the extent that our customers/partners experience operating difficulties and become unable to generate sufficient cash to make payments to us , there could be a material adverse impact on our consolidated results of operations , liquidity and/or financial condition .", "to mitigate this risk , we monitor our investments through a variety of methods determined by the type of property .", "our proactive and comprehensive asset management process for seniors housing properties generally includes review of monthly financial statements and other operating data for each property , review of obligor/ partner creditworthiness , property inspections , and review of covenant compliance relating to licensure , real estate taxes , letters of credit and other collateral .", "our internal property management division actively manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations , lease expirations , the mix of health service providers , hospital/health system relationships , property performance ." ]

[ [ "Type of Property", "Net Operating Income (NOI)⁽¹⁾", "Percentage of NOI", "Number of Properties" ], [ "Triple-net", "$1,208,860", "50.3%", "631" ], [ "Seniors housing operating", "814,114", "33.9%", "420" ], [ "Outpatient medical", "380,264", "15.8%", "262" ], [ "Totals", "$2,403,238", "100.0%", "1,313" ] ]

[ [ "type of property", "net operating income ( noi ) ( 1 )", "percentage of noi", "number of properties" ], [ "triple-net", "$ 1208860", "50.3% ( 50.3 % )", "631" ], [ "seniors housing operating", "814114", "33.9% ( 33.9 % )", "420" ], [ "outpatient medical", "380264", "15.8% ( 15.8 % )", "262" ], [ "totals", "$ 2403238", "100.0% ( 100.0 % )", "1313" ] ]

[]

[ "the diluted earnings per share calculation excludes stock options , sars , restricted stock and units and performance units and stock that were anti-dilutive .", "shares underlying the excluded stock options and sars totaled 2.6 million , 10.3 million and 10.2 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "for the year ended december 31 , 2016 , 4.5 million shares of restricted stock and restricted stock units and performance units and performance stock were excluded .", "10 .", "supplemental cash flow information net cash paid for interest and income taxes was as follows for the years ended december 31 , 2017 , 2016 and 2015 ( in thousands ) : ." ]

[ "eog's accrued capital expenditures at december 31 , 2017 , 2016 and 2015 were $ 475 million , $ 388 million and $ 416 million , respectively .", "non-cash investing activities for the year ended december 31 , 2017 included non-cash additions of $ 282 million to eog's oil and gas properties as a result of property exchanges .", "non-cash investing activities for the year ended december 31 , 2016 included $ 3834 million in non-cash additions to eog's oil and gas properties related to the yates transaction ( see note 17 ) .", "11 .", "business segment information eog's operations are all crude oil and natural gas exploration and production related .", "the segment reporting topic of the asc establishes standards for reporting information about operating segments in annual financial statements .", "operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker , or decision-making group , in deciding how to allocate resources and in assessing performance .", "eog's chief operating decision-making process is informal and involves the chairman of the board and chief executive officer and other key officers .", "this group routinely reviews and makes operating decisions related to significant issues associated with each of eog's major producing areas in the united states , trinidad , the united kingdom and china .", "for segment reporting purposes , the chief operating decision maker considers the major united states producing areas to be one operating segment. ." ]

[ [ "", "2017", "2016", "2015" ], [ "Interest, Net of Capitalized Interest", "$275,305", "$252,030", "$222,088" ], [ "Income Taxes, Net of Refunds Received", "$188,946", "$(39,293)", "$41,108" ] ]

[ [ "", "2017", "2016", "2015" ], [ "interest net of capitalized interest", "$ 275305", "$ 252030", "$ 222088" ], [ "income taxes net of refunds received", "$ 188946", "$ -39293 ( 39293 )", "$ 41108" ] ]

[ { "arg1": "275305", "arg2": "252030", "op": "divide1-1", "res": "1.09235" }, { "arg1": "#0", "arg2": "const_1", "op": "minus1-2", "res": "9.235%" } ]

[ "notes to five year summary ( a ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 214 million , $ 139 million after tax ( $ 0.31 per share ) .", "also includes a reduction in income tax expense of $ 62 million ( $ 0.14 per share ) resulting from a tax benefit related to claims we filed for additional extraterritorial income exclusion ( eti ) tax benefits .", "these items increased earnings by $ 201 million after tax ( $ 0.45 per share ) .", "( b ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in md&a ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) .", "( c ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) .", "also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) .", "these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) .", "( d ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) .", "( e ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) .", "( f ) we define return on invested capital ( roic ) as net earnings plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back adjustments related to postretirement benefit plans .", "we believe that reporting roic provides investors with greater visibility into how effectively we use the capital invested in our operations .", "we use roic to evaluate multi-year investment decisions and as a long-term performance measure , and also use it as a factor in evaluating management performance under certain of our incentive compensation plans .", "roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner .", "roic should not be considered in isolation or as an alternative to net earnings as an indicator of performance .", "we calculate roic as follows : ( in millions ) 2006 2005 2004 2003 2002 ." ]

[ "1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) .", "2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) .", "3 equity includes non-cash adjustments , primarily for the additional minimum pension liability in all years and the adoption of fas 158 in 2006 .", "4 average benefit plan adjustments reflect the cumulative value of entries identified in our statement of stockholders equity under the captions 201cadjustment for adoption of fas 158 201d and 201cminimum pension liability . 201d the annual benefit plan adjustments to equity were : 2006 = ( $ 1883 ) million ; 2005 = ( $ 105 ) million ; 2004 = ( $ 285 ) million ; 2003 = $ 331 million ; and 2002 = ( $ 1537 ) million .", "as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the current year entry value .", "5 yearly averages are calculated using balances at the start of the year and at the end of each quarter. ." ]

[ [ "<i>(In millions)</i>", "2006", "2005", "2004", "2003", "2002" ], [ "Net earnings", "$2,529", "$1,825", "$1,266", "$1,053", "$500" ], [ "Interest expense (multiplied by 65%)¹", "235", "241", "276", "317", "378" ], [ "Return", "$2,764", "$2,066", "$1,542", "$1,370", "$878" ], [ "Average debt^{2, 5}", "$4,727", "$5,077", "$5,932", "$6,612", "$7,491" ], [ "Average equity^{3, 5}", "7,686", "7,590", "7,015", "6,170", "6,853" ], [ "Average benefit plan adjustments^{3, 4,5}", "2,006", "1,545", "1,296", "1,504", "341" ], [ "Average invested capital", "$14,419", "$14,212", "$14,243", "$14,286", "$14,685" ], [ "Return on invested capital", "19.2%", "14.5%", "10.8%", "9.6%", "6.0%" ] ]

[ [ "( in millions )", "2006", "2005", "2004", "2003", "2002" ], [ "net earnings", "$ 2529", "$ 1825", "$ 1266", "$ 1053", "$ 500" ], [ "interest expense ( multiplied by 65% ( 65 % ) ) 1", "235", "241", "276", "317", "378" ], [ "return", "$ 2764", "$ 2066", "$ 1542", "$ 1370", "$ 878" ], [ "average debt2 5", "$ 4727", "$ 5077", "$ 5932", "$ 6612", "$ 7491" ], [ "average equity3 5", "7686", "7590", "7015", "6170", "6853" ], [ "average benefit plan adjustments3 45", "2006", "1545", "1296", "1504", "341" ], [ "average invested capital", "$ 14419", "$ 14212", "$ 14243", "$ 14286", "$ 14685" ], [ "return on invested capital", "19.2% ( 19.2 % )", "14.5% ( 14.5 % )", "10.8% ( 10.8 % )", "9.6% ( 9.6 % )", "6.0% ( 6.0 % )" ] ]

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[ "estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: ." ]

[ "bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied .", "this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements .", "eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service .", "liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 .", "multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees .", "we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied .", "approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans .", "these plans generally provide retirement benefits to participants based on their service to contributing employers .", "we do not administer these multi-employer plans .", "in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members .", "we generally are not represented on the board of trustees .", "we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded .", "the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding .", "until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any .", "accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows .", "furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities .", "it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future .", "we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows .", "our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .", "republic services , inc .", "and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| ." ]

[ [ "2009", "$14.9" ], [ "2010", "15.9" ], [ "2011", "16.2" ], [ "2012", "19.2" ], [ "2013", "21.9" ], [ "2014 through 2018", "142.2" ] ]

[ [ "2009", "$ 14.9" ], [ "2010", "15.9" ], [ "2011", "16.2" ], [ "2012", "19.2" ], [ "2013", "21.9" ], [ "2014 through 2018", "142.2" ] ]

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[ "item 1 .", "business cna financial corporation 2013 ( continued ) unpredictability in the law , insurance underwriting is expected to continue to be difficult in commercial lines , professional liability and other specialty coverages .", "the dodd-frank wall street reform and consumer protection act expands the federal presence in insurance oversight and may increase the regulatory requirements to which cna may be subject .", "the act 2019s requirements include streamlining the state-based regulation of reinsurance and nonadmitted insurance ( property or casualty insurance placed from insurers that are eligible to accept insurance , but are not licensed to write insurance in a particular state ) .", "the act also establishes a new federal insurance office within the u.s .", "department of the treasury with powers over all lines of insurance except health insurance , certain long term care insurance and crop insurance , to , among other things , monitor aspects of the insurance industry , identify issues in the regulation of insurers that could contribute to a systemic crisis in the insurance industry or the overall financial system , coordinate federal policy on international insurance matters and preempt state insurance measures under certain circumstances .", "the act calls for numerous studies and contemplates further regulation .", "the patient protection and affordable care act and the related amendments in the health care and education reconciliation act may increase cna 2019s operating costs and underwriting losses .", "this landmark legislation may lead to numerous changes in the health care industry that could create additional operating costs for cna , particularly with respect to workers 2019 compensation and long term care products .", "these costs might arise through the increased use of health care services by claimants or the increased complexities in health care bills that could require additional levels of review .", "in addition , due to the expected number of new participants in the health care system and the potential for additional malpractice claims , cna may experience increased underwriting risk in the lines of business that provide management and professional liability insurance to individuals and businesses engaged in the health care industry .", "the lines of business that provide professional liability insurance to attorneys , accountants and other professionals who advise clients regarding the health care reform legislation may also experience increased underwriting risk due to the complexity of the legislation .", "properties : the chicago location owned by ccc , a wholly owned subsidiary of cna , houses cna 2019s principal executive offices .", "cna owns or leases office space in various cities throughout the united states and in other countries .", "the following table sets forth certain information with respect to cna 2019s principal office locations : location ( square feet ) principal usage 333 s .", "wabash avenue 763322 principal executive offices of cna chicago , illinois 401 penn street 190677 property and casualty insurance offices reading , pennsylvania 2405 lucien way 116948 property and casualty insurance offices maitland , florida 40 wall street 114096 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s .", "phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n .", "pearl street 65752 property and casualty insurance offices dallas , texas 1249 s .", "river road 50366 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois 675 placentia avenue 46571 property and casualty insurance offices brea , california cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned. ." ]

[ "item 1 .", "business cna financial corporation 2013 ( continued ) unpredictability in the law , insurance underwriting is expected to continue to be difficult in commercial lines , professional liability and other specialty coverages .", "the dodd-frank wall street reform and consumer protection act expands the federal presence in insurance oversight and may increase the regulatory requirements to which cna may be subject .", "the act 2019s requirements include streamlining the state-based regulation of reinsurance and nonadmitted insurance ( property or casualty insurance placed from insurers that are eligible to accept insurance , but are not licensed to write insurance in a particular state ) .", "the act also establishes a new federal insurance office within the u.s .", "department of the treasury with powers over all lines of insurance except health insurance , certain long term care insurance and crop insurance , to , among other things , monitor aspects of the insurance industry , identify issues in the regulation of insurers that could contribute to a systemic crisis in the insurance industry or the overall financial system , coordinate federal policy on international insurance matters and preempt state insurance measures under certain circumstances .", "the act calls for numerous studies and contemplates further regulation .", "the patient protection and affordable care act and the related amendments in the health care and education reconciliation act may increase cna 2019s operating costs and underwriting losses .", "this landmark legislation may lead to numerous changes in the health care industry that could create additional operating costs for cna , particularly with respect to workers 2019 compensation and long term care products .", "these costs might arise through the increased use of health care services by claimants or the increased complexities in health care bills that could require additional levels of review .", "in addition , due to the expected number of new participants in the health care system and the potential for additional malpractice claims , cna may experience increased underwriting risk in the lines of business that provide management and professional liability insurance to individuals and businesses engaged in the health care industry .", "the lines of business that provide professional liability insurance to attorneys , accountants and other professionals who advise clients regarding the health care reform legislation may also experience increased underwriting risk due to the complexity of the legislation .", "properties : the chicago location owned by ccc , a wholly owned subsidiary of cna , houses cna 2019s principal executive offices .", "cna owns or leases office space in various cities throughout the united states and in other countries .", "the following table sets forth certain information with respect to cna 2019s principal office locations : location ( square feet ) principal usage 333 s .", "wabash avenue 763322 principal executive offices of cna chicago , illinois 401 penn street 190677 property and casualty insurance offices reading , pennsylvania 2405 lucien way 116948 property and casualty insurance offices maitland , florida 40 wall street 114096 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s .", "phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n .", "pearl street 65752 property and casualty insurance offices dallas , texas 1249 s .", "river road 50366 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois 675 placentia avenue 46571 property and casualty insurance offices brea , california cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned. ." ]

[ [ "Location", "Size (square feet)", "Principal Usage" ], [ "333 S. Wabash AvenueChicago, Illinois", "763,322", "Principal executive offices of CNA" ], [ "401 Penn StreetReading, Pennsylvania", "190,677", "Property and casualty insurance offices" ], [ "2405 Lucien WayMaitland, Florida", "116,948", "Property and casualty insurance offices" ], [ "40 Wall StreetNew York, New York", "114,096", "Property and casualty insurance offices" ], [ "1100 Ward AvenueHonolulu, Hawaii", "104,478", "Property and casualty insurance offices" ], [ "101 S. Phillips AvenueSioux Falls, South Dakota", "83,616", "Property and casualty insurance offices" ], [ "600 N. Pearl StreetDallas, Texas", "65,752", "Property and casualty insurance offices" ], [ "1249 S. River RoadCranbury, New Jersey", "50,366", "Property and casualty insurance offices" ], [ "4267 Meridian ParkwayAurora, Illinois", "46,903", "Data center" ], [ "675 Placentia AvenueBrea, California", "46,571", "Property and casualty insurance offices" ] ]

[ [ "location", "size ( square feet )", "principal usage" ], [ "333 s . wabash avenuechicago illinois", "763322", "principal executive offices of cna" ], [ "401 penn streetreading pennsylvania", "190677", "property and casualty insurance offices" ], [ "2405 lucien waymaitland florida", "116948", "property and casualty insurance offices" ], [ "40 wall streetnew york new york", "114096", "property and casualty insurance offices" ], [ "1100 ward avenuehonolulu hawaii", "104478", "property and casualty insurance offices" ], [ "101 s . phillips avenuesioux falls south dakota", "83616", "property and casualty insurance offices" ], [ "600 n . pearl streetdallas texas", "65752", "property and casualty insurance offices" ], [ "1249 s . river roadcranbury new jersey", "50366", "property and casualty insurance offices" ], [ "4267 meridian parkwayaurora illinois", "46903", "data center" ], [ "675 placentia avenuebrea california", "46571", "property and casualty insurance offices" ] ]

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[ "five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 .", "the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2007 and that all dividends were reinvested .", "purchases of equity securities 2013 during 2012 , we repurchased 13804709 shares of our common stock at an average price of $ 115.33 .", "the following table presents common stock repurchases during each month for the fourth quarter of 2012 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] ." ]

[ "[a] total number of shares purchased during the quarter includes approximately 105978 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .", "[b] on april 1 , 2011 , our board of directors authorized the repurchase of up to 40 million shares of our common stock by march 31 , 2014 .", "these repurchases may be made on the open market or through other transactions .", "our management has sole discretion with respect to determining the timing and amount of these transactions. ." ]

[ [ "<i>Period</i>", "<i>Total Number ofSharesPurchased [a]</i>", "<i>AveragePrice PaidPer Share</i>", "<i>Total Number of Shares</i><i>Purchased as Part of a</i><i>Publicly Announced Plan</i><i>or Program [b]</i>", "<i>Maximum Number of</i><i>Shares That May Yet</i><i>Be Purchased Under the Plan</i><i>or Program [b]</i>" ], [ "Oct. 1 through Oct. 31", "1,068,414", "121.70", "1,028,300", "16,041,399" ], [ "Nov. 1 through Nov. 30", "659,631", "120.84", "655,000", "15,386,399" ], [ "Dec. 1 through Dec. 31", "411,683", "124.58", "350,450", "15,035,949" ], [ "Total", "2,139,728", "$121.99", "2,033,750", "N/A" ] ]

[ [ "period", "total number ofsharespurchased [a]", "averageprice paidper share", "total number of sharespurchased as part of apublicly announced planor program [b]", "maximum number ofshares that may yetbe purchased under the planor program [b]" ], [ "oct . 1 through oct . 31", "1068414", "121.70", "1028300", "16041399" ], [ "nov . 1 through nov . 30", "659631", "120.84", "655000", "15386399" ], [ "dec . 1 through dec . 31", "411683", "124.58", "350450", "15035949" ], [ "total", "2139728", "$ 121.99", "2033750", "n/a" ] ]

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[ "table of contents the notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the company 2019s exposure to credit or market loss .", "the credit risk amounts represent the company 2019s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract , based on then-current currency or interest rates at each respective date .", "the company 2019s exposure to credit loss and market risk will vary over time as currency and interest rates change .", "although the table above reflects the notional and credit risk amounts of the company 2019s derivative instruments , it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge .", "the amounts ultimately realized upon settlement of these financial instruments , together with the gains and losses on the underlying exposures , will depend on actual market conditions during the remaining life of the instruments .", "the company generally enters into master netting arrangements , which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty .", "to further limit credit risk , the company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds .", "the company presents its derivative assets and derivative liabilities at their gross fair values in its consolidated balance sheets .", "the net cash collateral received by the company related to derivative instruments under its collateral security arrangements was $ 1.0 billion as of september 26 , 2015 and $ 2.1 billion as of september 27 , 2014 .", "under master netting arrangements with the respective counterparties to the company 2019s derivative contracts , the company is allowed to net settle transactions with a single net amount payable by one party to the other .", "as of september 26 , 2015 and september 27 , 2014 , the potential effects of these rights of set-off associated with the company 2019s derivative contracts , including the effects of collateral , would be a reduction to both derivative assets and derivative liabilities of $ 2.2 billion and $ 1.6 billion , respectively , resulting in net derivative liabilities of $ 78 million and $ 549 million , respectively .", "accounts receivable receivables the company has considerable trade receivables outstanding with its third-party cellular network carriers , wholesalers , retailers , value-added resellers , small and mid-sized businesses and education , enterprise and government customers .", "the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk .", "in addition , when possible , the company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing , loans or leases to support credit exposure .", "these credit-financing arrangements are directly between the third-party financing company and the end customer .", "as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements .", "as of september 26 , 2015 , the company had one customer that represented 10% ( 10 % ) or more of total trade receivables , which accounted for 12% ( 12 % ) .", "as of september 27 , 2014 , the company had two customers that represented 10% ( 10 % ) or more of total trade receivables , one of which accounted for 16% ( 16 % ) and the other 13% ( 13 % ) .", "the company 2019s cellular network carriers accounted for 71% ( 71 % ) and 72% ( 72 % ) of trade receivables as of september 26 , 2015 and september 27 , 2014 , respectively .", "vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture sub-assemblies or assemble final products for the company .", "the company purchases these components directly from suppliers .", "vendor non-trade receivables from three of the company 2019s vendors accounted for 38% ( 38 % ) , 18% ( 18 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 26 , 2015 and three of the company 2019s vendors accounted for 51% ( 51 % ) , 16% ( 16 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 27 , 2014 .", "note 3 2013 consolidated financial statement details the following tables show the company 2019s consolidated financial statement details as of september 26 , 2015 and september 27 , 2014 ( in millions ) : property , plant and equipment , net ." ]

[ "apple inc .", "| 2015 form 10-k | 53 ." ]

[ [ "", "2015", "2014" ], [ "Land and buildings", "$6,956", "$4,863" ], [ "Machinery, equipment and internal-use software", "37,038", "29,639" ], [ "Leasehold improvements", "5,263", "4,513" ], [ "Gross property, plant and equipment", "49,257", "39,015" ], [ "Accumulated depreciation and amortization", "(26,786)", "(18,391)" ], [ "Total property, plant and equipment, net", "$22,471", "$20,624" ] ]

[ [ "", "2015", "2014" ], [ "land and buildings", "$ 6956", "$ 4863" ], [ "machinery equipment and internal-use software", "37038", "29639" ], [ "leasehold improvements", "5263", "4513" ], [ "gross property plant and equipment", "49257", "39015" ], [ "accumulated depreciation and amortization", "-26786 ( 26786 )", "-18391 ( 18391 )" ], [ "total property plant and equipment net", "$ 22471", "$ 20624" ] ]

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

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

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

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

[ { "arg1": "7216", "arg2": "7073", "op": "minus2-1", "res": "143" }, { "arg1": "#0", "arg2": "7073", "op": "divide2-2", "res": "2%" } ]

[ "for the valuation of the 4199466 performance-based options granted in 2005 : the risk free interest rate was 4.2% ( 4.2 % ) , the volatility factor for the expected market price of the common stock was 44% ( 44 % ) , the expected dividend yield was zero and the objective time to exercise was 4.7 years with an objective in the money assumption of 2.95 years .", "it was also expected that the initial public offering assumption would occur within a 9 month period from grant date .", "the fair value of the performance-based options was calculated to be $ 5.85 .", "the fair value for fis options granted in 2006 was estimated at the date of grant using a black-scholes option- pricing model with the following weighted average assumptions .", "the risk free interest rates used in the calculation are the rate that corresponds to the weighted average expected life of an option .", "the risk free interest rate used for options granted during 2006 was 4.9% ( 4.9 % ) .", "a volatility factor for the expected market price of the common stock of 30% ( 30 % ) was used for options granted in 2006 .", "the expected dividend yield used for 2006 was 0.5% ( 0.5 % ) .", "a weighted average expected life of 6.4 years was used for 2006 .", "the weighted average fair value of each option granted during 2006 was $ 15.52 .", "at december 31 , 2006 , the total unrecognized compensation cost related to non-vested stock option grants is $ 86.1 million , which is expected to be recognized in pre-tax income over a weighted average period of 1.9 years .", "the company intends to limit dilution caused by option exercises , including anticipated exercises , by repurchasing shares on the open market or in privately negotiated transactions .", "during 2006 , the company repurchased 4261200 shares at an average price of $ 37.60 .", "on october 25 , 2006 , the company 2019s board of directors approved a plan authorizing the repurchase of up to an additional $ 200 million worth of the company 2019s common stock .", "defined benefit plans certegy pension plan in connection with the certegy merger , the company announced that it will terminate and settle the certegy u.s .", "retirement income plan ( usrip ) .", "the estimated impact of this settlement was reflected in the purchase price allocation as an increase in the pension liability , less the fair value of the pension plan assets , based on estimates of the total cost to settle the liability through the purchase of annuity contracts or lump sum settlements to the beneficiaries .", "the final settlement will not occur until after an irs determination has been obtained , which is expected to be received in 2007 .", "in addition to the net pension plan obligation of $ 21.6 million , the company assumed liabilities of $ 8.0 million for certegy 2019s supplemental executive retirement plan ( 201cserp 201d ) and $ 3.0 mil- lion for a postretirement benefit plan .", "a reconciliation of the changes in the fair value of plan assets of the usrip for the period from february 1 , 2006 through december 31 , 2006 is as follows ( in thousands ) : ." ]

[ "benefits paid in the above table include only those amounts paid directly from plan assets .", "as of december 31 , 2006 and for 2007 through the pay out of the pension liability , the assets are being invested in u.s .", "treasury bonds due to the short duration until final payment .", "fidelity national information services , inc .", "and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) ." ]

[ [ "", "2006" ], [ "Fair value of plan assets at acquisition date", "$57,369" ], [ "Actual return on plan assets", "8,200" ], [ "Benefits paid", "(797)" ], [ "Fair value of plan assets at end of year", "$64,772" ] ]

[ [ "", "2006" ], [ "fair value of plan assets at acquisition date", "$ 57369" ], [ "actual return on plan assets", "8200" ], [ "benefits paid", "-797 ( 797 )" ], [ "fair value of plan assets at end of year", "$ 64772" ] ]

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[ "kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined .", "the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type ." ]

[ "noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively .", "during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny .", "included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions .", "the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt .", "the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 .", "the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively .", "during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company .", "noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively .", "noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny .", "these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 .", "the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock .", "the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. ." ]

[ [ "Type", "Units Redeemed", "Par Value Redeemed (in millions)", "Redemption Type" ], [ "Preferred A Units", "2,200,000", "$2.2", "Cash" ], [ "Class A Preferred Units", "2,000", "$20.0", "Cash" ], [ "Class B-1 Preferred Units", "2,438", "$24.4", "Cash" ], [ "Class B-2 Preferred Units", "5,576", "$55.8", "Cash/Charitable Contribution" ], [ "Class C DownReit Units", "61,804", "$1.9", "Cash" ] ]

[ [ "type", "units redeemed", "par value redeemed ( in millions )", "redemption type" ], [ "preferred a units", "2200000", "$ 2.2", "cash" ], [ "class a preferred units", "2000", "$ 20.0", "cash" ], [ "class b-1 preferred units", "2438", "$ 24.4", "cash" ], [ "class b-2 preferred units", "5576", "$ 55.8", "cash/charitable contribution" ], [ "class c downreit units", "61804", "$ 1.9", "cash" ] ]

[ { "arg1": "2200000", "arg2": "2.2", "op": "multiply2-1", "res": "4840000" }, { "arg1": "#0", "arg2": "const_1000000", "op": "divide2-2", "res": "4.8" } ]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2005 and 2004. ." ]

[ "on march 9 , 2006 , the closing price of our class a common stock was $ 29.83 per share as reported on the nyse .", "as of march 9 , 2006 , we had 419677495 outstanding shares of class a common stock and 687 registered holders .", "in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter .", "also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis .", "in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock .", "the information under 201csecurities authorized for issuance under equity compensation plans 201d from the definitive proxy statement is hereby incorporated by reference into item 12 of this annual report .", "dividends we have never paid a dividend on any class of our common stock .", "we anticipate that we may retain future earnings , if any , to fund the development and growth of our business .", "the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .", "our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests .", "under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby .", "the indenture governing the terms of the ati 7.25% ( 7.25 % ) senior subordinated notes due 2011 ( ati 7.25% ( 7.25 % ) notes ) prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .", "the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .", "for more information about the restrictions under our credit facilities and our notes indentures , see note 7 to our consolidated financial statements included in this annual report and the section entitled 201cmanagement 2019s ." ]

[ [ "2005", "High", "Low" ], [ "Quarter ended March 31", "$19.28", "$17.30" ], [ "Quarter ended June 30", "21.16", "16.28" ], [ "Quarter ended September 30", "25.20", "20.70" ], [ "Quarter ended December 31", "28.33", "22.73" ], [ "2004", "High", "Low" ], [ "Quarter ended March 31", "$13.12", "$9.89" ], [ "Quarter ended June 30", "16.00", "11.13" ], [ "Quarter ended September 30", "15.85", "13.10" ], [ "Quarter ended December 31", "18.75", "15.19" ] ]

[ [ "2005", "high", "low" ], [ "quarter ended march 31", "$ 19.28", "$ 17.30" ], [ "quarter ended june 30", "21.16", "16.28" ], [ "quarter ended september 30", "25.20", "20.70" ], [ "quarter ended december 31", "28.33", "22.73" ], [ "2004", "high", "low" ], [ "quarter ended march 31", "$ 13.12", "$ 9.89" ], [ "quarter ended june 30", "16.00", "11.13" ], [ "quarter ended september 30", "15.85", "13.10" ], [ "quarter ended december 31", "18.75", "15.19" ] ]

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[ "notes to consolidated financial statements ( continued ) 17 .", "pension plans and postretirement health care and life insurance benefit plans ( continued ) benefit payments the following table sets forth amounts of benefits expected to be paid over the next ten years from the company 2019s pension and postretirement plans as of december 31 , 2004: ." ]

[ "18 .", "stock compensation plans on may 18 , 2000 , the shareholders of the hartford approved the hartford incentive stock plan ( the 201c2000 plan 201d ) , which replaced the hartford 1995 incentive stock plan ( the 201c1995 plan 201d ) .", "the terms of the 2000 plan were substantially similar to the terms of the 1995 plan except that the 1995 plan had an annual award limit and a higher maximum award limit .", "under the 2000 plan , awards may be granted in the form of non-qualified or incentive stock options qualifying under section 422a of the internal revenue code , performance shares or restricted stock , or any combination of the foregoing .", "in addition , stock appreciation rights may be granted in connection with all or part of any stock options granted under the 2000 plan .", "in december 2004 , the 2000 plan was amended to allow for grants of restricted stock units effective as of january 1 , 2005 .", "the aggregate number of shares of stock , which may be awarded , is subject to a maximum limit of 17211837 shares applicable to all awards for the ten-year duration of the 2000 plan .", "all options granted have an exercise price equal to the market price of the company 2019s common stock on the date of grant , and an option 2019s maximum term is ten years and two days .", "certain options become exercisable over a three year period commencing one year from the date of grant , while certain other options become exercisable upon the attainment of specified market price appreciation of the company 2019s common shares .", "for any year , no individual employee may receive an award of options for more than 1000000 shares .", "as of december 31 , 2004 , the hartford had not issued any incentive stock options under the 2000 plan .", "performance awards of common stock granted under the 2000 plan become payable upon the attainment of specific performance goals achieved over a period of not less than one nor more than five years , and the restricted stock granted is subject to a restriction period .", "on a cumulative basis , no more than 20% ( 20 % ) of the aggregate number of shares which may be awarded under the 2000 plan are available for performance shares and restricted stock awards .", "also , the maximum award of performance shares for any individual employee in any year is 200000 shares .", "in 2004 , 2003 and 2002 , the company granted shares of common stock of 315452 , 333712 and 40852 with weighted average prices of $ 64.93 , $ 38.13 and $ 62.28 , respectively , related to performance share and restricted stock awards .", "in 1996 , the company established the hartford employee stock purchase plan ( 201cespp 201d ) .", "under this plan , eligible employees of the hartford may purchase common stock of the company at a 15% ( 15 % ) discount from the lower of the closing market price at the beginning or end of the quarterly offering period .", "the company may sell up to 5400000 shares of stock to eligible employees under the espp .", "in 2004 , 2003 and 2002 , 345262 , 443467 and 408304 shares were sold , respectively .", "the per share weighted average fair value of the discount under the espp was $ 9.31 , $ 11.96 , and $ 11.70 in 2004 , 2003 and 2002 , respectively .", "additionally , during 1997 , the hartford established employee stock purchase plans for certain employees of the company 2019s international subsidiaries .", "under these plans , participants may purchase common stock of the hartford at a fixed price at the end of a three-year period .", "the activity under these programs is not material. ." ]

[ [ "", "Pension Benefits", "Other Postretirement Benefits" ], [ "2005", "$125", "$30" ], [ "2006", "132", "31" ], [ "2007", "143", "31" ], [ "2008", "154", "33" ], [ "2009", "166", "34" ], [ "2010-2014", "1,052", "193" ], [ "Total", "$1,772", "$352" ] ]

[ [ "", "pension benefits", "other postretirement benefits" ], [ "2005", "$ 125", "$ 30" ], [ "2006", "132", "31" ], [ "2007", "143", "31" ], [ "2008", "154", "33" ], [ "2009", "166", "34" ], [ "2010-2014", "1052", "193" ], [ "total", "$ 1772", "$ 352" ] ]

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[ "stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , news corporation class a common stock , scripps network interactive , inc. , time warner , inc. , viacom , inc .", "class b common stock and the walt disney company .", "the graph assumes $ 100 originally invested on september 18 , 2008 , the date upon which our common stock began trading , in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the period september 18 , 2008 through december 31 , 2008 and the years ended december 31 , 2009 , 2010 , 2011 , and 2012 .", "december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2013 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. ." ]

[ [ "", "December 31,2008", "December 31,2009", "December 31,2010", "December 31,2011", "December 31,2012" ], [ "DISCA", "$102.53", "$222.09", "$301.96", "$296.67", "$459.67" ], [ "DISCB", "$78.53", "$162.82", "$225.95", "$217.56", "$327.11" ], [ "DISCK", "$83.69", "$165.75", "$229.31", "$235.63", "$365.63" ], [ "S&P 500", "$74.86", "$92.42", "$104.24", "$104.23", "$118.21" ], [ "Peer Group", "$68.79", "$100.70", "$121.35", "$138.19", "$190.58" ] ]

[ [ "", "december 312008", "december 312009", "december 312010", "december 312011", "december 312012" ], [ "disca", "$ 102.53", "$ 222.09", "$ 301.96", "$ 296.67", "$ 459.67" ], [ "discb", "$ 78.53", "$ 162.82", "$ 225.95", "$ 217.56", "$ 327.11" ], [ "disck", "$ 83.69", "$ 165.75", "$ 229.31", "$ 235.63", "$ 365.63" ], [ "s&p 500", "$ 74.86", "$ 92.42", "$ 104.24", "$ 104.23", "$ 118.21" ], [ "peer group", "$ 68.79", "$ 100.70", "$ 121.35", "$ 138.19", "$ 190.58" ] ]

[ { "arg1": "327.11", "arg2": "365.63", "op": "add1-1", "res": "692.74" }, { "arg1": "#0", "arg2": "const_2", "op": "divide0-0", "res": "346.37" } ]

[ "be adjusted by reference to a grid ( the 201cpricing grid 201d ) based on the consolidated leverage ratio and ranges between 1.00% ( 1.00 % ) to 1.25% ( 1.25 % ) for adjusted libor loans and 0.00% ( 0.00 % ) to 0.25% ( 0.25 % ) for alternate base rate loans .", "the weighted average interest rate under the outstanding term loans and revolving credit facility borrowings was 1.6% ( 1.6 % ) and 1.3% ( 1.3 % ) during the years ended december 31 , 2016 and 2015 , respectively .", "the company pays a commitment fee on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit .", "as of december 31 , 2016 , the commitment fee was 15.0 basis points .", "since inception , the company incurred and deferred $ 3.9 million in financing costs in connection with the credit agreement .", "3.250% ( 3.250 % ) senior notes in june 2016 , the company issued $ 600.0 million aggregate principal amount of 3.250% ( 3.250 % ) senior unsecured notes due june 15 , 2026 ( the 201cnotes 201d ) .", "the proceeds were used to pay down amounts outstanding under the revolving credit facility .", "interest is payable semi-annually on june 15 and december 15 beginning december 15 , 2016 .", "prior to march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount of the notes to be redeemed or a 201cmake-whole 201d amount applicable to such notes as described in the indenture governing the notes , plus accrued and unpaid interest to , but excluding , the redemption date .", "on or after march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to 100% ( 100 % ) of the principal amount of the notes to be redeemed , plus accrued and unpaid interest to , but excluding , the redemption date .", "the indenture governing the notes contains covenants , including limitations that restrict the company 2019s ability and the ability of certain of its subsidiaries to create or incur secured indebtedness and enter into sale and leaseback transactions and the company 2019s ability to consolidate , merge or transfer all or substantially all of its properties or assets to another person , in each case subject to material exceptions described in the indenture .", "the company incurred and deferred $ 5.3 million in financing costs in connection with the notes .", "other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters .", "the loan has a seven year term and maturity date of december 2019 .", "the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty .", "the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above .", "the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property .", "as of december 31 , 2016 and 2015 , the outstanding balance on the loan was $ 42.0 million and $ 44.0 million , respectively .", "the weighted average interest rate on the loan was 2.0% ( 2.0 % ) and 1.7% ( 1.7 % ) for the years ended december 31 , 2016 and 2015 , respectively .", "the following are the scheduled maturities of long term debt as of december 31 , 2016 : ( in thousands ) ." ]

[ "." ]

[ [ "2017", "$27,000" ], [ "2018", "27,000" ], [ "2019", "63,000" ], [ "2020", "25,000" ], [ "2021", "86,250" ], [ "2022 and thereafter", "600,000" ], [ "Total scheduled maturities of long term debt", "$828,250" ], [ "Current maturities of long term debt", "$27,000" ] ]

[ [ "2017", "$ 27000" ], [ "2018", "27000" ], [ "2019", "63000" ], [ "2020", "25000" ], [ "2021", "86250" ], [ "2022 and thereafter", "600000" ], [ "total scheduled maturities of long term debt", "$ 828250" ], [ "current maturities of long term debt", "$ 27000" ] ]

[]

[ "sales of unregistered securities not applicable .", "repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2017 to december 31 , 2017 .", "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 1474 withheld shares in october 2017 , 893 withheld shares in november 2017 and 10639 withheld shares in december 2017 , for a total of 13006 withheld shares during the three-month period .", "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 share 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 share repurchase program .", "3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .", "on february 14 , 2018 , 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 2017 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 (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms³" ], [ "October 1 - 31", "1,231,868", "$20.74", "1,230,394", "$214,001,430" ], [ "November 1 - 30", "1,723,139", "$18.89", "1,722,246", "$181,474,975" ], [ "December 1 - 31", "1,295,639", "$20.25", "1,285,000", "$155,459,545" ], [ "Total", "4,250,646", "$19.84", "4,237,640", "" ] ]

[ [ "", "total number ofshares ( or units ) purchased1", "average price paidper share ( or unit ) 2", "total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3", "maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3" ], [ "october 1 - 31", "1231868", "$ 20.74", "1230394", "$ 214001430" ], [ "november 1 - 30", "1723139", "$ 18.89", "1722246", "$ 181474975" ], [ "december 1 - 31", "1295639", "$ 20.25", "1285000", "$ 155459545" ], [ "total", "4250646", "$ 19.84", "4237640", "" ] ]

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[ "management 2019s discussion and analysis 110 jpmorgan chase & co./2013 annual report 2012 compared with 2011 net loss was $ 2.0 billion , compared with a net income of $ 919 million in the prior year .", "private equity reported net income of $ 292 million , compared with net income of $ 391 million in the prior year .", "net revenue was $ 601 million , compared with $ 836 million in the prior year , due to lower unrealized and realized gains on private investments , partially offset by higher unrealized gains on public securities .", "noninterest expense was $ 145 million , down from $ 238 million in the prior year .", "treasury and cio reported a net loss of $ 2.1 billion , compared with net income of $ 1.3 billion in the prior year .", "net revenue was a loss of $ 3.1 billion , compared with net revenue of $ 3.2 billion in the prior year .", "the current year loss reflected $ 5.8 billion of losses incurred by cio from the synthetic credit portfolio for the six months ended june 30 , 2012 , and $ 449 million of losses from the retained index credit derivative positions for the three months ended september 30 , 2012 .", "these losses were partially offset by securities gains of $ 2.0 billion .", "the current year revenue reflected $ 888 million of extinguishment gains related to the redemption of trust preferred securities , which are included in all other income in the above table .", "the extinguishment gains were related to adjustments applied to the cost basis of the trust preferred securities during the period they were in a qualified hedge accounting relationship .", "net interest income was negative $ 683 million , compared with $ 1.4 billion in the prior year , primarily reflecting the impact of lower portfolio yields and higher deposit balances across the firm .", "other corporate reported a net loss of $ 221 million , compared with a net loss of $ 821 million in the prior year .", "noninterest revenue of $ 1.8 billion was driven by a $ 1.1 billion benefit for the washington mutual bankruptcy settlement , which is included in all other income in the above table , and a $ 665 million gain from the recovery on a bear stearns-related subordinated loan .", "noninterest expense of $ 3.8 billion was up $ 1.0 billion compared with the prior year .", "the current year included expense of $ 3.7 billion for additional litigation reserves , largely for mortgage-related matters .", "the prior year included expense of $ 3.2 billion for additional litigation reserves .", "treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan .", "the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities .", "cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs and htm investment securities portfolios ( the 201cinvestment securities portfolio 201d ) .", "cio also uses derivatives , as well as securities that are not classified as afs or htm , to meet the firm 2019s asset-liability management objectives .", "for further information on derivatives , see note 6 on pages 220 2013233 of this annual report .", "for further information about securities not classified within the afs or htm portfolio , see note 3 on pages 195 2013215 of this annual report .", "the treasury and cio investment securities portfolio primarily consists of u.s .", "and non-u.s .", "government securities , agency and non-agency mortgage-backed securities , other asset-backed securities , corporate debt securities and obligations of u.s .", "states and municipalities .", "at december 31 , 2013 , the total treasury and cio investment securities portfolio was $ 347.6 billion ; the average credit rating of the securities comprising the treasury and cio investment securities portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) .", "see note 12 on pages 249 2013254 of this annual report for further information on the details of the firm 2019s investment securities portfolio .", "for further information on liquidity and funding risk , see liquidity risk management on pages 168 2013173 of this annual report .", "for information on interest rate , foreign exchange and other risks , treasury and cio value-at-risk ( 201cvar 201d ) and the firm 2019s structural interest rate-sensitive revenue at risk , see market risk management on pages 142 2013148 of this annual report .", "selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2013 2012 2011 ." ]

[ "( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 .", "held-to-maturity balances for the other periods were not material. ." ]

[ [ "As of or for the year ended December 31, (in millions)", "2013", "2012", "2011" ], [ "Securities gains", "$659", "$2,028", "$1,385" ], [ "Investment securities portfolio (average)", "353,712", "358,029", "330,885" ], [ "Investment securities portfolio (period–end)^(a)", "347,562", "365,421", "355,605" ], [ "Mortgage loans (average)", "5,145", "10,241", "13,006" ], [ "Mortgage loans (period-end)", "3,779", "7,037", "13,375" ] ]

[ [ "as of or for the year ended december 31 ( in millions )", "2013", "2012", "2011" ], [ "securities gains", "$ 659", "$ 2028", "$ 1385" ], [ "investment securities portfolio ( average )", "353712", "358029", "330885" ], [ "investment securities portfolio ( period 2013end ) ( a )", "347562", "365421", "355605" ], [ "mortgage loans ( average )", "5145", "10241", "13006" ], [ "mortgage loans ( period-end )", "3779", "7037", "13375" ] ]

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[ "mastercard incorporated notes to consolidated financial statements 2014continued in september 2010 , the company 2019s board of directors authorized a plan for the company to repurchase up to $ 1 billion of its class a common stock in open market transactions .", "the company did not repurchase any shares under this plan during 2010 .", "as of february 16 , 2011 , the company had completed the repurchase of approximately 0.3 million shares of its class a common stock at a cost of approximately $ 75 million .", "note 18 .", "share based payment and other benefits in may 2006 , the company implemented the mastercard incorporated 2006 long-term incentive plan , which was amended and restated as of october 13 , 2008 ( the 201cltip 201d ) .", "the ltip is a shareholder-approved omnibus plan that permits the grant of various types of equity awards to employees .", "the company has granted restricted stock units ( 201crsus 201d ) , non-qualified stock options ( 201coptions 201d ) and performance stock units ( 201cpsus 201d ) under the ltip .", "the rsus generally vest after three to four years .", "the options , which expire ten years from the date of grant , generally vest ratably over four years from the date of grant .", "the psus generally vest after three years .", "additionally , the company made a one-time grant to all non-executive management employees upon the ipo for a total of approximately 440 thousand rsus ( the 201cfounders 2019 grant 201d ) .", "the founders 2019 grant rsus vested three years from the date of grant .", "the company uses the straight-line method of attribution for expensing equity awards .", "compensation expense is recorded net of estimated forfeitures .", "estimates are adjusted as appropriate .", "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 11550000 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 and psus are expected to be funded primarily 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 2010 and 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 ." ]

[ [ "", "2010", "2009", "2008" ], [ "Risk-free rate of return", "2.7%", "2.5%", "3.2%" ], [ "Expected term (in years)", "6.25", "6.17", "6.25" ], [ "Expected volatility", "32.7%", "41.7%", "37.9%" ], [ "Expected dividend yield", "0.3%", "0.4%", "0.3%" ], [ "Weighted-average fair value per option granted", "$84.62", "$71.03", "$78.54" ] ]

[ [ "", "2010", "2009", "2008" ], [ "risk-free rate of return", "2.7% ( 2.7 % )", "2.5% ( 2.5 % )", "3.2% ( 3.2 % )" ], [ "expected term ( in years )", "6.25", "6.17", "6.25" ], [ "expected volatility", "32.7% ( 32.7 % )", "41.7% ( 41.7 % )", "37.9% ( 37.9 % )" ], [ "expected dividend yield", "0.3% ( 0.3 % )", "0.4% ( 0.4 % )", "0.3% ( 0.3 % )" ], [ "weighted-average fair value per option granted", "$ 84.62", "$ 71.03", "$ 78.54" ] ]

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[ "our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 .", "the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 .", "the following table details our related mutual fund investment gains and losses ( in millions ) during the past two years. ." ]

[ "lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments .", "there is no impairment of any of our mutual fund investments at december 31 , 2009 .", "the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 and .9% ( .9 % ) lower than our present estimate of 38.0% ( 38.0 % ) for the 2010 effective tax rate .", "our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) .", "2008 versus 2007 .", "investment advisory revenues decreased 6.3% ( 6.3 % ) , or $ 118 million , to $ 1.76 billion in 2008 as average assets under our management decreased $ 16 billion to $ 358.2 billion .", "the average annualized fee rate earned on our assets under management was 49.2 basis points in 2008 , down from the 50.2 basis points earned in 2007 , as lower equity market valuations resulted in a greater percentage of our assets under management being attributable to lower fee fixed income portfolios .", "continuing stress on the financial markets and resulting lower equity valuations as 2008 progressed resulted in lower average assets under our management , lower investment advisory fees and lower net income as compared to prior periods .", "net revenues decreased 5% ( 5 % ) , or $ 112 million , to $ 2.12 billion .", "operating expenses were $ 1.27 billion in 2008 , up 2.9% ( 2.9 % ) or $ 36 million from 2007 .", "net operating income for 2008 decreased $ 147.9 million , or 14.8% ( 14.8 % ) , to $ 848.5 million .", "higher operating expenses in 2008 and decreased market valuations during the latter half of 2008 , which lowered our assets under management and advisory revenues , resulted in our 2008 operating margin declining to 40.1% ( 40.1 % ) from 44.7% ( 44.7 % ) in 2007 .", "non-operating investment losses in 2008 were $ 52.3 million as compared to investment income of $ 80.4 million in 2007 .", "investment losses in 2008 include non-cash charges of $ 91.3 million for the other than temporary impairment of certain of the firm 2019s investments in sponsored mutual funds .", "net income in 2008 fell 27% ( 27 % ) or nearly $ 180 million from 2007 .", "diluted earnings per share , after the retrospective application of new accounting guidance effective in 2009 , decreased to $ 1.81 , down $ .59 or 24.6% ( 24.6 % ) from $ 2.40 in 2007 .", "a non-operating charge to recognize other than temporary impairments of our sponsored mutual fund investments reduced diluted earnings per share by $ .21 in 2008 .", "investment advisory revenues earned from the t .", "rowe price mutual funds distributed in the united states decreased 8.5% ( 8.5 % ) , or $ 114.5 million , to $ 1.24 billion .", "average mutual fund assets were $ 216.1 billion in 2008 , down $ 16.7 billion from 2007 .", "mutual fund assets at december 31 , 2008 , were $ 164.4 billion , down $ 81.6 billion from the end of 2007 .", "net inflows to the mutual funds during 2008 were $ 3.9 billion , including $ 1.9 billion to the money funds , $ 1.1 billion to the bond funds , and $ .9 billion to the stock funds .", "the value , equity index 500 , and emerging markets stock funds combined to add $ 4.1 billion , while the mid-cap growth and equity income stock funds had net redemptions of $ 2.2 billion .", "net fund inflows of $ 6.2 billion originated in our target-date retirement funds , which in turn invest in other t .", "rowe price funds .", "fund net inflow amounts in 2008 are presented net of $ 1.3 billion that was transferred to target-date trusts from the retirement funds during the year .", "decreases in market valuations and income not reinvested lowered our mutual fund assets under management by $ 85.5 billion during 2008 .", "investment advisory revenues earned on the other investment portfolios that we manage decreased $ 3.6 million to $ 522.2 million .", "average assets in these portfolios were $ 142.1 billion during 2008 , up slightly from $ 141.4 billion in 2007 .", "these minor changes , each less than 1% ( 1 % ) , are attributable to the timing of declining equity market valuations and cash flows among our separate account and subadvised portfolios .", "net inflows , primarily from institutional investors , were $ 13.2 billion during 2008 , including the $ 1.3 billion transferred from the retirement funds to target-date trusts .", "decreases in market valuations , net of income , lowered our assets under management in these portfolios by $ 55.3 billion during 2008 .", "management 2019s discussion & analysis 21 ." ]

[ [ "", "2008", "2009", "Change" ], [ "Other than temporary impairments recognized", "$(91.3)", "$(36.1)", "$55.2" ], [ "Capital gain distributions received", "5.6", "2.0", "(3.6)" ], [ "Net gain (loss) realized on fund dispositions", "(4.5)", "7.4", "11.9" ], [ "Net loss recognized on fund holdings", "$(90.2)", "$(26.7)", "$63.5" ] ]

[ [ "", "2008", "2009", "change" ], [ "other than temporary impairments recognized", "$ -91.3 ( 91.3 )", "$ -36.1 ( 36.1 )", "$ 55.2" ], [ "capital gain distributions received", "5.6", "2.0", "-3.6 ( 3.6 )" ], [ "net gain ( loss ) realized on fund dispositions", "-4.5 ( 4.5 )", "7.4", "11.9" ], [ "net loss recognized on fund holdings", "$ -90.2 ( 90.2 )", "$ -26.7 ( 26.7 )", "$ 63.5" ] ]

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[ "icos corporation on january 29 , 2007 , we acquired all of the outstanding common stock of icos corporation ( icos ) , our partner in the lilly icos llc joint venture for the manufacture and sale of cialis for the treatment of erectile dysfunction .", "the acquisition brought the full value of cialis to us and enabled us to realize operational effi ciencies in the further development , marketing , and selling of this product .", "the aggregate cash purchase price of approximately $ 2.3 bil- lion was fi nanced through borrowings .", "the acquisition has been accounted for as a business combination under the purchase method of accounting , resulting in goodwill of $ 646.7 million .", "no portion of this goodwill was deductible for tax purposes .", "we determined the following estimated fair values for the assets acquired and liabilities assumed as of the date of acquisition .", "estimated fair value at january 29 , 2007 ." ]

[ "1this intangible asset will be amortized over the remaining expected patent lives of cialis in each country ; patent expiry dates range from 2015 to 2017 .", "new indications for and formulations of the cialis compound in clinical testing at the time of the acquisition represented approximately 48 percent of the estimated fair value of the acquired ipr&d .", "the remaining value of acquired ipr&d represented several other products in development , with no one asset comprising a signifi cant por- tion of this value .", "the discount rate we used in valuing the acquired ipr&d projects was 20 percent , and the charge for acquired ipr&d of $ 303.5 million recorded in the fi rst quarter of 2007 was not deductible for tax purposes .", "other acquisitions during the second quarter of 2007 , we acquired all of the outstanding stock of both hypnion , inc .", "( hypnion ) , a privately held neuroscience drug discovery company focused on sleep disorders , and ivy animal health , inc .", "( ivy ) , a privately held applied research and pharmaceutical product development company focused on the animal health industry , for $ 445.0 million in cash .", "the acquisition of hypnion provided us with a broader and more substantive presence in the area of sleep disorder research and ownership of hy10275 , a novel phase ii compound with a dual mechanism of action aimed at promoting better sleep onset and sleep maintenance .", "this was hypnion 2019s only signifi cant asset .", "for this acquisi- tion , we recorded an acquired ipr&d charge of $ 291.1 million , which was not deductible for tax purposes .", "because hypnion was a development-stage company , the transaction was accounted for as an acquisition of assets rather than as a business combination and , therefore , goodwill was not recorded .", "the acquisition of ivy provides us with products that complement those of our animal health business .", "this acquisition has been accounted for as a business combination under the purchase method of accounting .", "we allocated $ 88.7 million of the purchase price to other identifi able intangible assets , primarily related to marketed products , $ 37.0 million to acquired ipr&d , and $ 25.0 million to goodwill .", "the other identifi able intangible assets are being amortized over their estimated remaining useful lives of 10 to 20 years .", "the $ 37.0 million allocated to acquired ipr&d was charged to expense in the second quarter of 2007 .", "goodwill resulting from this acquisition was fully allocated to the animal health business segment .", "the amount allocated to each of the intangible assets acquired , including goodwill of $ 25.0 million and the acquired ipr&d of $ 37.0 million , was deductible for tax purposes .", "product acquisitions in june 2008 , we entered into a licensing and development agreement with transpharma medical ltd .", "( trans- pharma ) to acquire rights to its product and related drug delivery system for the treatment of osteoporosis .", "the product , which is administered transdermally using transpharma 2019s proprietary technology , was in phase ii clinical testing , and had no alternative future use .", "under the arrangement , we also gained non-exclusive access to trans- pharma 2019s viaderm drug delivery system for the product .", "as with many development-phase products , launch of the ." ]

[ [ "Cash and short-term investments", "$197.7" ], [ "Developed product technology (Cialis)¹", "1,659.9" ], [ "Tax benefit of net operating losses", "404.1" ], [ "Goodwill", "646.7" ], [ "Long-term debt assumed", "(275.6)" ], [ "Deferred taxes", "(583.5)" ], [ "Other assets and liabilities — net", "(32.1)" ], [ "Acquired in-process research and development", "303.5" ], [ "Total purchase price", "$2,320.7" ] ]

[ [ "cash and short-term investments", "$ 197.7" ], [ "developed product technology ( cialis ) 1", "1659.9" ], [ "tax benefit of net operating losses", "404.1" ], [ "goodwill", "646.7" ], [ "long-term debt assumed", "-275.6 ( 275.6 )" ], [ "deferred taxes", "-583.5 ( 583.5 )" ], [ "other assets and liabilities 2014 net", "-32.1 ( 32.1 )" ], [ "acquired in-process research and development", "303.5" ], [ "total purchase price", "$ 2320.7" ] ]

[]

[ "a e s 2 0 0 0 f i n a n c i a l r e v i e w in may 2000 , a subsidiary of the company acquired an additional 5% ( 5 % ) of the preferred , non-voting shares of eletropaulo for approximately $ 90 million .", "in january 2000 , 59% ( 59 % ) of the preferred non-voting shares were acquired for approximately $ 1 billion at auction from bndes , the national development bank of brazil .", "the price established at auction was approximately $ 72.18 per 1000 shares , to be paid in four annual installments com- mencing with a payment of 18.5% ( 18.5 % ) of the total price upon closing of the transaction and installments of 25.9% ( 25.9 % ) , 27.1% ( 27.1 % ) and 28.5% ( 28.5 % ) of the total price to be paid annually thereafter .", "at december 31 , 2000 , the company had a total economic interest of 49.6% ( 49.6 % ) in eletropaulo .", "the company accounts for this investment using the equity method based on the related consortium agreement that allows the exercise of significant influence .", "in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas limited for approxi- mately $ 40 million .", "songas limited owns the songo songo gas-to-electricity project in tanzania .", "under the terms of a project management agreement , the company has assumed overall project management responsibility .", "the project consists of the refurbishment and operation of five natural gas wells in coastal tanzania , the construction and operation of a 65 mmscf/day gas processing plant and related facilities , the construction of a 230 km marine and land pipeline from the gas plant to dar es salaam and the conversion and upgrading of an existing 112 mw power station in dar es salaam to burn natural gas , with an optional additional unit to be constructed at the plant .", "since the project is currently under construction , no rev- enues or expenses have been incurred , and therefore no results are shown in the following table .", "in december 2000 , a subsidiary of the company with edf international s.a .", "( 201cedf 201d ) completed the acquisition of an additional 3.5% ( 3.5 % ) interest in light from two sub- sidiaries of reliant energy for approximately $ 136 mil- lion .", "pursuant to the acquisition , the company acquired 30% ( 30 % ) of the shares while edf acquired the remainder .", "with the completion of this transaction , the company owns approximately 21.14% ( 21.14 % ) of light .", "in december 2000 , a subsidiary of the company entered into an agreement with edf to jointly acquire an additional 9.2% ( 9.2 % ) interest in light , which is held by a sub- sidiary of companhia siderurgica nacional ( 201ccsn 201d ) .", "pursuant to this transaction , the company acquired an additional 2.75% ( 2.75 % ) interest in light for $ 114.6 million .", "this transaction closed in january 2001 .", "following the purchase of the light shares previously owned by csn , aes and edf will together be the con- trolling shareholders of light and eletropaulo .", "aes and edf have agreed that aes will eventually take operational control of eletropaulo and the telecom businesses of light and eletropaulo , while edf will eventually take opera- tional control of light and eletropaulo 2019s electric workshop business .", "aes and edf intend to continue to pursue a fur- ther rationalization of their ownership stakes in light and eletropaulo , the result of which aes would become the sole controlling shareholder of eletropaulo and edf would become the sole controlling shareholder of light .", "upon consummation of the transaction , aes will begin consolidating eletropaulo 2019s operating results .", "the struc- ture and process by which this rationalization may be effected , and the resulting timing , have yet to be deter- mined and will likely be subject to approval by various brazilian regulatory authorities and other third parties .", "as a result , there can be no assurance that this rationalization will take place .", "in may 1999 , a subsidiary of the company acquired subscription rights from the brazilian state-controlled eletrobras which allowed it to purchase preferred , non- voting shares in eletropaulo and common shares in light .", "the aggregate purchase price of the subscription rights and the underlying shares in light and eletropaulo was approximately $ 53 million and $ 77 million , respectively , and represented 3.7% ( 3.7 % ) and 4.4% ( 4.4 % ) economic ownership interest in their capital stock , respectively .", "the following table presents summarized financial information ( in millions ) for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method: ." ]

[ "." ]

[ [ "As of and for the Years ended December 31,", "2000", "1999", "1998" ], [ "Revenues", "$6,241", "$5,960", "$8,091" ], [ "Operating Income", "1,989", "1,839", "2,079" ], [ "Net Income", "859", "62", "1,146" ], [ "Current Assets", "2,423", "2,259", "2,712" ], [ "Noncurrent Assets", "13,080", "15,359", "19,025" ], [ "Current Liabilities", "3,370", "3,637", "4,809" ], [ "Noncurrent Liabilities", "5,927", "7,536", "7,356" ], [ "Stockholder's Equity", "6,206", "6,445", "9,572" ] ]

[ [ "as of and for the years ended december 31,", "2000", "1999", "1998" ], [ "revenues", "$ 6241", "$ 5960", "$ 8091" ], [ "operating income", "1989", "1839", "2079" ], [ "net income", "859", "62", "1146" ], [ "current assets", "2423", "2259", "2712" ], [ "noncurrent assets", "13080", "15359", "19025" ], [ "current liabilities", "3370", "3637", "4809" ], [ "noncurrent liabilities", "5927", "7536", "7356" ], [ "stockholder's equity", "6206", "6445", "9572" ] ]

[ { "arg1": "6241", "arg2": "5960", "op": "minus2-1", "res": "281" }, { "arg1": "#0", "arg2": "5960", "op": "divide2-2", "res": "5%" } ]

[ "part ii , item 8 fourth quarter of 2007 : 0160 schlumberger sold certain workover rigs for $ 32 million , resulting in a pretax gain of $ 24 million ( $ 17 million after-tax ) which is classified in interest and other income , net in the consolidated statement of income .", "4 .", "acquisitions acquisition of eastern echo holding plc on december 10 , 2007 , schlumberger completed the acquisition of eastern echo holding plc ( 201ceastern echo 201d ) for $ 838 million in cash .", "eastern echo was a dubai-based marine seismic company that did not have any operations at the time of acquisition , but had signed contracts for the construction of six seismic vessels .", "the purchase price has been allocated to the net assets acquired based upon their estimated fair values as follows : ( stated in millions ) ." ]

[ "other acquisitions schlumberger has made other acquisitions and minority interest investments , none of which were significant on an individual basis , for cash payments , net of cash acquired , of $ 514 million during 2009 , $ 345 million during 2008 , and $ 281 million during 2007 .", "pro forma results pertaining to the above acquisitions are not presented as the impact was not significant .", "5 .", "drilling fluids joint venture the mi-swaco drilling fluids joint venture is owned 40% ( 40 % ) by schlumberger and 60% ( 60 % ) by smith international , inc .", "schlumberger records income relating to this venture using the equity method of accounting .", "the carrying value of schlumberger 2019s investment in the joint venture on december 31 , 2009 and 2008 was $ 1.4 billion and $ 1.3 billion , respectively , and is included within investments in affiliated companies on the consolidated balance sheet .", "schlumberger 2019s equity income from this joint venture was $ 131 million in 2009 , $ 210 million in 2008 and $ 178 million in 2007 .", "schlumberger received cash distributions from the joint venture of $ 106 million in 2009 , $ 57 million in 2008 and $ 46 million in 2007 .", "the joint venture agreement contains a provision under which either party to the joint venture may offer to sell its entire interest in the venture to the other party at a cash purchase price per percentage interest specified in an offer notice .", "if the offer to sell is not accepted , the offering party will be obligated to purchase the entire interest of the other party at the same price per percentage interest as the prices specified in the offer notice. ." ]

[ [ "Cash and short-term investments", "$266" ], [ "Other current assets", "23" ], [ "Fixed income investments, held to maturity", "54" ], [ "Vessels under construction", "694" ], [ "Accounts payable and accrued liabilities", "(17)" ], [ "Long-term debt", "(182)" ], [ "Total purchase price", "$838" ] ]

[ [ "cash and short-term investments", "$ 266" ], [ "other current assets", "23" ], [ "fixed income investments held to maturity", "54" ], [ "vessels under construction", "694" ], [ "accounts payable and accrued liabilities", "-17 ( 17 )" ], [ "long-term debt", "-182 ( 182 )" ], [ "total purchase price", "$ 838" ] ]

[]

[ "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 , significant changes in membership , state funding , medical contracts and provider networks and contracts .", "an impairment loss is recognized if the carrying value of intangible assets exceeds the implied fair value .", "medical claims liabilities medical services costs include claims paid , claims reported but not yet paid , or inventory , estimates for claims incurred but not yet received , or 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 , sea- sonality , utilization of healthcare services and other rele- vant 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 liability for unpaid claims as of december 31 , 2006 ; however , actual claim payments may differ from established estimates .", "revenue recognition the company 2019s medicaid managed care segment gener- ates revenues primarily from premiums received from the states in which it operates health plans .", "the company receives a fixed premium per member per month pursuant to our state contracts .", "the company generally receives premium payments during the month it provides services and recognizes premium revenue during the period in which it is obligated to provide services to its members .", "some states enact premium taxes or similar assessments , collectively premium taxes , and these taxes are recorded as general and administrative expenses .", "some contracts allow for additional premium related to certain supplemen- tal services provided such as maternity deliveries .", "revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this data .", "these adjustments have been immaterial in relation to total revenue recorded and are reflected in the period known .", "the company 2019s specialty services segment generates revenues under contracts with state programs , healthcare organizations and other commercial organizations , as well as from our own subsidiaries on market-based terms .", "revenues are recognized when the related services are provided or as ratably earned over the covered period of service .", "premium and services revenues collected in advance are recorded as unearned revenue .", "for performance-based contracts the company does not recognize revenue subject to refund until data is sufficient to measure performance .", "premiums and service revenues due to the company are recorded as premium and related receivables and are recorded net of an allowance based on historical trends and management 2019s judgment on the collectibility of these accounts .", "as the company generally receives payments during the month in which services are provided , the allowance is typically not significant in comparison to total revenues and does not have a material impact on the pres- entation of the financial condition or results of operations .", "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 con- tracts or subcontracts with state medicaid managed care programs .", "the contracts , which expire on various dates between june 30 , 2007 and december 31 , 2011 , are expected to be renewed .", "contracts with the states of georgia , indiana , kansas , texas and wisconsin each accounted for 15% ( 15 % ) , 15% ( 15 % ) , 10% ( 10 % ) , 17% ( 17 % ) and 16% ( 16 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2006 .", "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 to $ 500 per member , up to an annual maximum of $ 2000 .", "centene 2019s medicaid managed care subsidiaries are responsible for inpatient charges in excess of an average daily per diem .", "in addition , bridgeway participates in a risk-sharing program as part of its contract with the state of arizona for the reimbursement of certain contract service costs beyond a monetary threshold .", "reinsurance recoveries were $ 3674 , $ 4014 , and $ 3730 , in 2006 , 2005 , and 2004 , respectively .", "reinsurance expenses were approximately $ 4842 , $ 4105 , and $ 6724 in 2006 , 2005 , and 2004 , 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. ." ]

[ [ "", "2006", "2005", "2004" ], [ "Allowances, beginning of year", "$343", "$462", "$607" ], [ "Amounts charged to expense", "512", "80", "407" ], [ "Write-offs of uncollectible receivables", "(700)", "(199)", "(552)" ], [ "Allowances, end of year", "$155", "$343", "$462" ] ]

[ [ "", "2006", "2005", "2004" ], [ "allowances beginning of year", "$ 343", "$ 462", "$ 607" ], [ "amounts charged to expense", "512", "80", "407" ], [ "write-offs of uncollectible receivables", "-700 ( 700 )", "-199 ( 199 )", "-552 ( 552 )" ], [ "allowances end of year", "$ 155", "$ 343", "$ 462" ] ]

[ { "arg1": "343", "arg2": "462", "op": "minus1-1", "res": "-119" }, { "arg1": "#0", "arg2": "462", "op": "divide1-2", "res": "-26%" } ]

[ "institutions .", "international paper continually monitors its positions with and the credit quality of these financial institutions and does not expect non- performance by the counterparties .", "note 14 capital stock the authorized capital stock at both december 31 , 2006 and 2005 , consisted of 990850000 shares of common stock , $ 1 par value ; 400000 shares of cumulative $ 4 preferred stock , without par value ( stated value $ 100 per share ) ; and 8750000 shares of serial preferred stock , $ 1 par value .", "the serial preferred stock is issuable in one or more series by the board of directors without further shareholder action .", "in july 2006 , in connection with the planned use of projected proceeds from the company 2019s trans- formation plan , international paper 2019s board of direc- tors authorized a share repurchase program to acquire up to $ 3.0 billion of the company 2019s stock .", "in a modified 201cdutch auction 201d tender offer completed in september 2006 , international paper purchased 38465260 shares of its common stock at a price of $ 36.00 per share , plus costs to acquire the shares , for a total cost of approximately $ 1.4 billion .", "in addition , in december 2006 , the company purchased an addi- tional 1220558 shares of its common stock in the open market at an average price of $ 33.84 per share , plus costs to acquire the shares , for a total cost of approximately $ 41 million .", "following the completion of these share repurchases , international paper had approximately 454 million shares of common stock issued and outstanding .", "note 15 retirement plans u.s .", "defined benefit plans international paper maintains pension plans that provide retirement benefits to substantially all domestic employees hired prior to july 1 , 2004 .", "these employees generally are eligible to participate in the plans upon completion of one year of service and attainment of age 21 .", "employees hired after june 30 , 2004 , who are not eligible for these pension plans receive an additional company contribution to their savings plan ( see 201cother plans 201d on page 83 ) .", "the plans provide defined benefits based on years of credited service and either final average earnings ( salaried employees ) , hourly job rates or specified benefit rates ( hourly and union employees ) .", "for its qualified defined benefit pension plan , interna- tional paper makes contributions that are sufficient to fully fund its actuarially determined costs , gen- erally equal to the minimum amounts required by the employee retirement income security act ( erisa ) .", "in addition , international paper made volun- tary contributions of $ 1.0 billion to the qualified defined benefit plan in 2006 , and does not expect to make any contributions in 2007 .", "the company also has two unfunded nonqualified defined benefit pension plans : a pension restoration plan available to employees hired prior to july 1 , 2004 that provides retirement benefits based on eligible compensation in excess of limits set by the internal revenue service , and a supplemental retirement plan for senior managers ( serp ) , which is an alternative retirement plan for senior vice presi- dents and above who are designated by the chief executive officer as participants .", "these nonqualified plans are only funded to the extent of benefits paid , which are expected to be $ 41 million in 2007 .", "net periodic pension expense service cost is the actuarial present value of benefits attributed by the plans 2019 benefit formula to services rendered by employees during the year .", "interest cost represents the increase in the projected benefit obli- gation , which is a discounted amount , due to the passage of time .", "the expected return on plan assets reflects the computed amount of current year earn- ings from the investment of plan assets using an estimated long-term rate of return .", "net periodic pension expense for qualified and nonqualified u.s .", "defined benefit plans comprised the following : in millions 2006 2005 2004 ." ]

[ "( a ) excludes $ 9.1 million , $ 6.5 million and $ 3.4 million in 2006 , 2005 and 2004 , respectively , in curtailment losses , and $ 8.7 million , $ 3.6 million and $ 1.4 million in 2006 , 2005 and 2004 , respectively , of termination benefits , in connection with cost reduction programs and facility rationalizations that were recorded in restructuring and other charges in the con- solidated statement of operations .", "also excludes $ 77.2 million and $ 14.3 million in 2006 and 2005 , respectively , in curtailment losses , and $ 18.6 million and $ 7.6 million of termination bene- fits in 2006 and 2005 , respectively , related to certain divest- itures recorded in net losses on sales and impairments of businesses held for sale in the consolidated statement of oper- ations. ." ]

[ [ "<i>In millions</i>", "2006", "2005", "2004" ], [ "Service cost", "$141", "$129", "$115" ], [ "Interest cost", "506", "474", "467" ], [ "Expected return on plan assets", "(540)", "(556)", "(592)" ], [ "Actuarial loss", "243", "167", "94" ], [ "Amortization of prior service cost", "27", "29", "27" ], [ "Net periodic pension expense (a)", "$377", "$243", "$111" ] ]

[ [ "in millions", "2006", "2005", "2004" ], [ "service cost", "$ 141", "$ 129", "$ 115" ], [ "interest cost", "506", "474", "467" ], [ "expected return on plan assets", "-540 ( 540 )", "-556 ( 556 )", "-592 ( 592 )" ], [ "actuarial loss", "243", "167", "94" ], [ "amortization of prior service cost", "27", "29", "27" ], [ "net periodic pension expense ( a )", "$ 377", "$ 243", "$ 111" ] ]

[ { "arg1": "243", "arg2": "111", "op": "minus1-1", "res": "132" }, { "arg1": "#0", "arg2": "111", "op": "divide1-2", "res": "119%" } ]

[ "areas exceeding 14.1 million acres ( 5.7 million hectares ) .", "products and brand designations appearing in italics are trademarks of international paper or a related company .", "industry segment results industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods production , as well as with demand for processed foods , poultry , meat and agricultural products .", "in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .", "industrial packaging net sales and operating profits include the results of the temple-inland packaging operations from the date of acquisition in february 2012 and the results of the brazil packaging business from the date of acquisition in january 2013 .", "in addition , due to the acquisition of a majority share of olmuksa international paper sabanci ambalaj sanayi ve ticaret a.s. , ( now called olmuksan international paper or olmuksan ) net sales for our corrugated packaging business in turkey are included in the business segment totals beginning in the first quarter of 2013 and the operating profits reflect a higher ownership percentage than in previous years .", "net sales for 2013 increased 12% ( 12 % ) to $ 14.8 billion compared with $ 13.3 billion in 2012 , and 42% ( 42 % ) compared with $ 10.4 billion in 2011 .", "operating profits were 69% ( 69 % ) higher in 2013 than in 2012 and 57% ( 57 % ) higher than in 2011 .", "excluding costs associated with the acquisition and integration of temple-inland , the divestiture of three containerboard mills and other special items , operating profits in 2013 were 36% ( 36 % ) higher than in 2012 and 59% ( 59 % ) higher than in 2011 .", "benefits from the net impact of higher average sales price realizations and an unfavorable mix ( $ 749 million ) were offset by lower sales volumes ( $ 73 million ) , higher operating costs ( $ 64 million ) , higher maintenance outage costs ( $ 16 million ) and higher input costs ( $ 102 million ) .", "additionally , operating profits in 2013 include costs of $ 62 million associated with the integration of temple-inland , a gain of $ 13 million related to a bargain purchase adjustment on the acquisition of a majority share of our operations in turkey , and a net gain of $ 1 million for other items , while operating profits in 2012 included costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging business of $ 17 million and a $ 3 million gain for other items .", "industrial packaging ." ]

[ "north american industrial packaging net sales were $ 12.5 billion in 2013 compared with $ 11.6 billion in 2012 and $ 8.6 billion in 2011 .", "operating profits in 2013 were $ 1.8 billion ( both including and excluding costs associated with the integration of temple-inland and other special items ) compared with $ 1.0 billion ( $ 1.3 billion excluding costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) in 2012 and $ 1.1 billion ( both including and excluding costs associated with signing an agreement to acquire temple-inland ) in 2011 .", "sales volumes decreased in 2013 compared with 2012 reflecting flat demand for boxes and the impact of commercial decisions .", "average sales price realizations were significantly higher mainly due to the realization of price increases for domestic containerboard and boxes .", "input costs were higher for wood , energy and recycled fiber .", "freight costs also increased .", "planned maintenance downtime costs were higher than in 2012 .", "manufacturing operating costs decreased , but were offset by inflation and higher overhead and distribution costs .", "the business took about 850000 tons of total downtime in 2013 of which about 450000 were market- related and 400000 were maintenance downtime .", "in 2012 , the business took about 945000 tons of total downtime of which about 580000 were market-related and about 365000 were maintenance downtime .", "operating profits in 2013 included $ 62 million of costs associated with the integration of temple-inland .", "operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills .", "looking ahead to 2014 , compared with the fourth quarter of 2013 , sales volumes in the first quarter are expected to increase for boxes due to a higher number of shipping days offset by the impact from the severe winter weather events impacting much of the u.s .", "input costs are expected to be higher for energy , recycled fiber , wood and starch .", "planned maintenance downtime spending is expected to be about $ 51 million higher with outages scheduled at six mills compared with four mills in the 2013 fourth quarter .", "manufacturing operating costs are expected to be lower .", "however , operating profits will be negatively impacted by the adverse winter weather in the first quarter of 2014 .", "emea industrial packaging net sales in 2013 include the sales of our packaging operations in turkey which are now fully consolidated .", "net sales were $ 1.3 billion in 2013 compared with $ 1.0 billion in 2012 and $ 1.1 billion in 2011 .", "operating profits in 2013 were $ 43 million ( $ 32 ." ]

[ [ "In millions", "2013", "2012", "2011" ], [ "Sales", "$14,810", "$13,280", "$10,430" ], [ "Operating Profit", "1,801", "1,066", "1,147" ] ]

[ [ "in millions", "2013", "2012", "2011" ], [ "sales", "$ 14810", "$ 13280", "$ 10430" ], [ "operating profit", "1801", "1066", "1147" ] ]

[ { "arg1": "11.6", "arg2": "const_1000", "op": "multiply2-1", "res": "11600" }, { "arg1": "#0", "arg2": "13280", "op": "divide2-2", "res": "87%" } ]

[ "management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2012 primarily related to payments for capital expenditures and acquisitions , partially offset by the net proceeds of $ 94.8 received from the sale of our remaining holdings in facebook .", "capital expenditures of $ 169.2 primarily related to computer hardware and software , and leasehold improvements .", "capital expenditures increased in 2012 compared to the prior year , primarily due to an increase in leasehold improvements made during the year .", "payments for acquisitions of $ 145.5 primarily related to payments for new acquisitions .", "financing activities net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock , and payment of dividends .", "we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes .", "in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock .", "net cash provided by financing activities during 2012 primarily reflected net proceeds from our debt transactions .", "we issued $ 300.0 in aggregate principal amount of 2.25% ( 2.25 % ) senior notes due 2017 ( the 201c2.25% ( 201c2.25 % ) notes 201d ) , $ 500.0 in aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2023 ( the 201c3.75% ( 201c3.75 % ) notes 201d ) and $ 250.0 in aggregate principal amount of 4.00% ( 4.00 % ) senior notes due 2022 ( the 201c4.00% ( 201c4.00 % ) notes 201d ) .", "the proceeds from the issuance of the 4.00% ( 4.00 % ) notes were applied towards the repurchase and redemption of $ 399.6 in aggregate principal amount of our 4.25% ( 4.25 % ) notes .", "offsetting the net proceeds from our debt transactions was the repurchase of 32.7 shares of our common stock for an aggregate cost of $ 350.5 , including fees , and dividend payments of $ 103.4 on our common stock .", "foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 .", "the decrease was primarily a result of the u.s .", "dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , japanese yen , canadian dollar and south african rand as of december 31 , 2013 compared to december 31 , 2012 .", "the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 6.2 in 2012 .", "the decrease was a result of the u.s .", "dollar being stronger than several foreign currencies , including the brazilian real and south african rand , offset by the u.s .", "dollar being weaker than other foreign currencies , including the australian dollar , british pound and the euro , as of as of december 31 , 2012 compared to december 31 , 2011. ." ]

[ "liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months .", "we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs .", "we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends. ." ]

[ [ "", "December 31," ], [ "Balance Sheet Data", "2013", "2012" ], [ "Cash, cash equivalents and marketable securities", "$1,642.1", "$2,590.8" ], [ "Short-term borrowings", "$179.1", "$172.1" ], [ "Current portion of long-term debt", "353.6", "216.6" ], [ "Long-term debt", "1,129.8", "2,060.8" ], [ "Total debt", "$1,662.5", "$2,449.5" ] ]

[ [ "balance sheet data", "december 31 , 2013", "december 31 , 2012" ], [ "cash cash equivalents and marketable securities", "$ 1642.1", "$ 2590.8" ], [ "short-term borrowings", "$ 179.1", "$ 172.1" ], [ "current portion of long-term debt", "353.6", "216.6" ], [ "long-term debt", "1129.8", "2060.8" ], [ "total debt", "$ 1662.5", "$ 2449.5" ] ]

[]

[ "consolidated income statement review net income for 2009 was $ 2.4 billion and for 2008 was $ 914 million .", "amounts for 2009 include operating results of national city and the fourth quarter impact of a $ 687 million after-tax gain related to blackrock 2019s acquisition of bgi .", "increases in income statement comparisons to 2008 , except as noted , are primarily due to the operating results of national city .", "our consolidated income statement is presented in item 8 of this report .", "net interest income and net interest margin year ended december 31 dollars in millions 2009 2008 ." ]

[ "changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding .", "see statistical information 2013 analysis of year-to-year changes in net interest ( unaudited ) income and average consolidated balance sheet and net interest analysis in item 8 of this report for additional information .", "higher net interest income for 2009 compared with 2008 reflected the increase in average interest-earning assets due to national city and the improvement in the net interest margin .", "the net interest margin was 3.82% ( 3.82 % ) for 2009 and 3.37% ( 3.37 % ) for 2008 .", "the following factors impacted the comparison : 2022 a decrease in the rate accrued on interest-bearing liabilities of 97 basis points .", "the rate accrued on interest-bearing deposits , the largest component , decreased 107 basis points .", "2022 these factors were partially offset by a 45 basis point decrease in the yield on interest-earning assets .", "the yield on loans , which represented the largest portion of our earning assets in 2009 , decreased 30 basis points .", "2022 in addition , the impact of noninterest-bearing sources of funding decreased 7 basis points .", "for comparing to the broader market , the average federal funds rate was .16% ( .16 % ) for 2009 compared with 1.94% ( 1.94 % ) for 2008 .", "we expect our net interest income for 2010 will likely be modestly lower as a result of cash recoveries on purchased impaired loans in 2009 and additional run-off of higher- yielding assets , which could be mitigated by rising interest rates .", "this assumes our current expectations for interest rates and economic conditions 2013 we include our current economic assumptions underlying our forward-looking statements in the cautionary statement regarding forward-looking information section of this item 7 .", "noninterest income summary noninterest income was $ 7.1 billion for 2009 and $ 2.4 billion for 2008 .", "noninterest income for 2009 included the following : 2022 the gain on blackrock/bgi transaction of $ 1.076 billion , 2022 net credit-related other-than-temporary impairments ( otti ) on debt and equity securities of $ 577 million , 2022 net gains on sales of securities of $ 550 million , 2022 gains on hedging of residential mortgage servicing rights of $ 355 million , 2022 valuation and sale income related to our commercial mortgage loans held for sale , net of hedges , of $ 107 million , 2022 gains of $ 103 million related to our blackrock ltip shares adjustment in the first quarter , and net losses on private equity and alternative investments of $ 93 million .", "noninterest income for 2008 included the following : 2022 net otti on debt and equity securities of $ 312 million , 2022 gains of $ 246 million related to our blackrock ltip shares adjustment , 2022 valuation and sale losses related to our commercial mortgage loans held for sale , net of hedges , of $ 197 million , 2022 impairment and other losses related to private equity and alternative investments of $ 180 million , 2022 income from hilliard lyons totaling $ 164 million , including the first quarter gain of $ 114 million from the sale of this business , 2022 net gains on sales of securities of $ 106 million , and 2022 a gain of $ 95 million related to the redemption of a portion of our visa class b common shares related to visa 2019s march 2008 initial public offering .", "additional analysis asset management revenue increased $ 172 million to $ 858 million in 2009 , compared with $ 686 million in 2008 .", "this increase reflected improving equity markets , new business generation and a shift in assets into higher yielding equity investments during the second half of 2009 .", "assets managed totaled $ 103 billion at both december 31 , 2009 and 2008 , including the impact of national city .", "the asset management group section of the business segments review section of this item 7 includes further discussion of assets under management .", "consumer services fees totaled $ 1.290 billion in 2009 compared with $ 623 million in 2008 .", "service charges on deposits totaled $ 950 million for 2009 and $ 372 million for 2008 .", "both increases were primarily driven by the impact of the national city acquisition .", "reduced consumer spending ." ]

[ [ "Year ended December 31 Dollars in millions", "2009", "2008" ], [ "Net interest income", "$9,083", "$3,854" ], [ "Net interest margin", "3.82%", "3.37%" ] ]

[ [ "year ended december 31 dollars in millions", "2009", "2008" ], [ "net interest income", "$ 9083", "$ 3854" ], [ "net interest margin", "3.82% ( 3.82 % )", "3.37% ( 3.37 % )" ] ]

[]

[ "on the credit rating of the company and a $ 200 million term loan with an interest rate of libor plus a margin of 175 basis points , both with maturity dates in 2017 .", "the proceeds from these borrowings were used , along with available cash , to fund the acquisition of temple- inland .", "during 2012 , international paper fully repaid the $ 1.2 billion term loan .", "international paper utilizes interest rate swaps to change the mix of fixed and variable rate debt and manage interest expense .", "at december 31 , 2012 , international paper had interest rate swaps with a total notional amount of $ 150 million and maturities in 2013 ( see note 14 derivatives and hedging activities on pages 70 through 74 of item 8 .", "financial statements and supplementary data ) .", "during 2012 , existing swaps and the amortization of deferred gains on previously terminated swaps decreased the weighted average cost of debt from 6.8% ( 6.8 % ) to an effective rate of 6.6% ( 6.6 % ) .", "the inclusion of the offsetting interest income from short- term investments reduced this effective rate to 6.2% ( 6.2 % ) .", "other financing activities during 2012 included the issuance of approximately 1.9 million shares of treasury stock , net of restricted stock withholding , and 1.0 million shares of common stock for various incentive plans , including stock options exercises that generated approximately $ 108 million of cash .", "payment of restricted stock withholding taxes totaled $ 35 million .", "off-balance sheet variable interest entities information concerning off-balance sheet variable interest entities is set forth in note 12 variable interest entities and preferred securities of subsidiaries on pages 67 through 69 of item 8 .", "financial statements and supplementary data for discussion .", "liquidity and capital resources outlook for 2015 capital expenditures and long-term debt international paper expects to be able to meet projected capital expenditures , service existing debt and meet working capital and dividend requirements during 2015 through current cash balances and cash from operations .", "additionally , the company has existing credit facilities totaling $ 2.0 billion of which nothing has been used .", "the company was in compliance with all its debt covenants at december 31 , 2014 .", "the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) .", "net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges .", "the calculation also excludes accumulated other comprehensive income/ loss and nonrecourse financial liabilities of special purpose entities .", "the total debt-to-capital ratio is defined as total debt divided by the sum of total debt plus net worth .", "at december 31 , 2014 , international paper 2019s net worth was $ 14.0 billion , and the total-debt- to-capital ratio was 40% ( 40 % ) .", "the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows .", "funding decisions will be guided by our capital structure planning objectives .", "the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense .", "the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors .", "maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy .", "at december 31 , 2014 , the company held long-term credit ratings of bbb ( stable outlook ) and baa2 ( stable outlook ) by s&p and moody 2019s , respectively .", "contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2014 , were as follows: ." ]

[ "( a ) total debt includes scheduled principal payments only .", "( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities .", "accordingly , in its consolidated balance sheet at december 31 , 2014 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.3 billion of debt obligations held by the entities ( see note 12 variable interest entities and preferred securities of subsidiaries on pages 67 through 69 in item 8 .", "financial statements and supplementary data ) .", "( c ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .", "( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax benefits of approximately $ 119 million .", "as discussed in note 12 variable interest entities and preferred securities of subsidiaries on pages 67 through 69 in item 8 .", "financial statements and supplementary data , in connection with the 2006 international paper installment sale of forestlands , we received $ 4.8 billion of installment notes ( or timber notes ) , which we contributed to certain non- consolidated borrower entities .", "the installment notes mature in august 2016 ( unless extended ) .", "the deferred ." ]

[ [ "In millions", "2015", "2016", "2017", "2018", "2019", "Thereafter" ], [ "Maturities of long-term debt (a)", "$742", "$543", "$71", "$1,229", "$605", "$6,184" ], [ "Debt obligations with right of offset (b)", "—", "5,202", "—", "—", "—", "—" ], [ "Lease obligations", "142", "106", "84", "63", "45", "91" ], [ "Purchase obligations (c)", "3,266", "761", "583", "463", "422", "1,690" ], [ "Total (d)", "$4,150", "$6,612", "$738", "$1,755", "$1,072", "$7,965" ] ]

[ [ "in millions", "2015", "2016", "2017", "2018", "2019", "thereafter" ], [ "maturities of long-term debt ( a )", "$ 742", "$ 543", "$ 71", "$ 1229", "$ 605", "$ 6184" ], [ "debt obligations with right of offset ( b )", "2014", "5202", "2014", "2014", "2014", "2014" ], [ "lease obligations", "142", "106", "84", "63", "45", "91" ], [ "purchase obligations ( c )", "3266", "761", "583", "463", "422", "1690" ], [ "total ( d )", "$ 4150", "$ 6612", "$ 738", "$ 1755", "$ 1072", "$ 7965" ] ]

[]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the nyse for the years 2015 and 2014. ." ]

[ "on february 19 , 2016 , the closing price of our common stock was $ 87.32 per share as reported on the nyse .", "as of february 19 , 2016 , we had 423897556 outstanding shares of common stock and 159 registered holders .", "dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) .", "generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) .", "we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , issued in may 2014 ( the 201cseries a preferred stock 201d ) , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) .", "dividends are payable quarterly in arrears , subject to declaration by our board of directors .", "the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will be dependent upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant .", "we have distributed an aggregate of approximately $ 2.3 billion to our common stockholders , including the dividend paid in january 2016 , primarily subject to taxation as ordinary income .", "during the year ended december 31 , 2015 , we declared the following cash distributions: ." ]

[ [ "2015", "High", "Low" ], [ "Quarter ended March 31", "$101.88", "$93.21" ], [ "Quarter ended June 30", "98.64", "91.99" ], [ "Quarter ended September 30", "101.54", "86.83" ], [ "Quarter ended December 31", "104.12", "87.23" ], [ "2014", "High", "Low" ], [ "Quarter ended March 31", "$84.90", "$78.38" ], [ "Quarter ended June 30", "90.73", "80.10" ], [ "Quarter ended September 30", "99.90", "89.05" ], [ "Quarter ended December 31", "106.31", "90.20" ] ]

[ [ "2015", "high", "low" ], [ "quarter ended march 31", "$ 101.88", "$ 93.21" ], [ "quarter ended june 30", "98.64", "91.99" ], [ "quarter ended september 30", "101.54", "86.83" ], [ "quarter ended december 31", "104.12", "87.23" ], [ "2014", "high", "low" ], [ "quarter ended march 31", "$ 84.90", "$ 78.38" ], [ "quarter ended june 30", "90.73", "80.10" ], [ "quarter ended september 30", "99.90", "89.05" ], [ "quarter ended december 31", "106.31", "90.20" ] ]

[]

[ "the following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2017 and 2016 , respectively: ." ]

[ "purchases , issuances and settlements , net .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "( 4 ) balance as of december 31 , 2016 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "$ 140 the company 2019s postretirement benefit plans have different levels of funded status and the assets are held under various trusts .", "the investments and risk mitigation strategies for the plans are tailored specifically for each trust .", "in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and meet the risk tolerance criteria of the company .", "the company periodically updates the long-term , strategic asset allocations for these plans through asset liability studies and uses various analytics to determine the optimal asset allocation .", "considerations include plan liability characteristics , liquidity needs , funding requirements , expected rates of return and the distribution of returns .", "strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes , strategies are employed to provide adequate returns , diversification and liquidity .", "in 2012 , the company implemented a de-risking strategy for the american water pension plan after conducting an asset-liability study to reduce the volatility of the funded status of the plan .", "as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of fixed-income assets relative to liabilities .", "the fixed income portion of the portfolio was designed to match the bond-like and long-dated nature of the postretirement liabilities .", "in 2017 , the company further increased its exposure to liability-driven investing and increased its fixed-income allocation to 50% ( 50 % ) , up from 40% ( 40 % ) , in an effort to further decrease the funded status volatility of the plan and hedge the portfolio from movements in interest rates .", "in 2012 , the company also implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility .", "in 2017 , the company conducted a new asset-liability study that indicated medical trend inflation that outpaced the consumer price index by more than 2% ( 2 % ) for the last 20 years .", "given continuously rising medical costs , the company decided to increase the equity exposure of the portfolio to 30% ( 30 % ) , up from 20% ( 20 % ) , while reducing the fixed-income portion of the portfolio from 80% ( 80 % ) to 70% ( 70 % ) .", "the company also conducted an asset-liability study for the post-retirement non-bargaining medical plan .", "its allocation was adjusted to make it more conservative , reducing the equity allocation from 70% ( 70 % ) to 60% ( 60 % ) and increasing the fixed- income allocation from 30% ( 30 % ) to 40% ( 40 % ) .", "the post-retirement medical non-bargaining plan 2019s equity allocation was reduced due to the cap on benefits for some non-union participants and resultant reduction in the plan 2019s liabilities .", "these changes will take place in 2018 .", "the company engages third party investment managers for all invested assets .", "managers are not permitted to invest outside of the asset class ( e.g .", "fixed income , equity , alternatives ) or strategy for which they have been appointed .", "investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided .", "futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. ." ]

[ [ "", "Level 3" ], [ "Balance as of January 1, 2017", "$140" ], [ "Actual return on assets", "2" ], [ "Purchases, issuances and settlements, net", "136" ], [ "Balance as of December 31, 2017", "$278" ] ]

[ [ "", "level 3" ], [ "balance as of january 1 2017", "$ 140" ], [ "actual return on assets", "2" ], [ "purchases issuances and settlements net", "136" ], [ "balance as of december 31 2017", "$ 278" ] ]

[ { "arg1": "278", "arg2": "140", "op": "minus2-1", "res": "138" }, { "arg1": "#0", "arg2": "140", "op": "divide2-2", "res": "98.6%" } ]

[ "492010 annual report consolidation 2013 effective february 28 , 2010 , the company adopted the fasb amended guidance for con- solidation .", "this guidance clarifies that the scope of the decrease in ownership provisions applies to the follow- ing : ( i ) a subsidiary or group of assets that is a business or nonprofit activity ; ( ii ) a subsidiary that is a business or nonprofit activity that is transferred to an equity method investee or joint venture ; and ( iii ) an exchange of a group of assets that constitutes a business or nonprofit activ- ity for a noncontrolling interest in an entity ( including an equity method investee or joint venture ) .", "this guidance also expands the disclosures about the deconsolidation of a subsidiary or derecognition of a group of assets within the scope of the guidance .", "the adoption of this guidance did not have a material impact on the company 2019s consolidated financial statements .", "3 . acquisitions : acquisition of bwe 2013 on december 17 , 2007 , the company acquired all of the issued and outstanding capital stock of beam wine estates , inc .", "( 201cbwe 201d ) , an indirect wholly-owned subsidiary of fortune brands , inc. , together with bwe 2019s subsidiaries : atlas peak vineyards , inc. , buena vista winery , inc. , clos du bois , inc. , gary farrell wines , inc .", "and peak wines international , inc .", "( the 201cbwe acquisition 201d ) .", "as a result of the bwe acquisition , the company acquired the u.s .", "wine portfolio of fortune brands , inc. , including certain wineries , vineyards or inter- ests therein in the state of california , as well as various super-premium and fine california wine brands including clos du bois and wild horse .", "the bwe acquisition sup- ports the company 2019s strategy of strengthening its portfolio with fast-growing super-premium and above wines .", "the bwe acquisition strengthens the company 2019s position as the leading wine company in the world and the leading premium wine company in the u.s .", "total consideration paid in cash was $ 877.3 million .", "in addition , the company incurred direct acquisition costs of $ 1.4 million .", "the purchase price was financed with the net proceeds from the company 2019s december 2007 senior notes ( as defined in note 11 ) and revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 and november 2007 ( as defined in note 11 ) .", "in accordance with the purchase 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 the bwe business , including the factors described above .", "in june 2008 , the company sold certain businesses consisting of several of the california wineries and wine brands acquired in the bwe acquisition , as well as certain wineries and wine brands from the states of washington and idaho ( collectively , the 201cpacific northwest business 201d ) ( see note 7 ) .", "the results of operations of the bwe business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition .", "the following table summarizes the fair values of the assets acquired and liabilities assumed in the bwe acquisition at the date of acquisition .", "( in millions ) current assets $ 288.4 property , plant and equipment 232.8 ." ]

[ "other assets 30.2 total assets acquired 983.9 current liabilities 103.9 long-term liabilities 1.3 total liabilities assumed 105.2 net assets acquired $ 878.7 the trademarks are not subject to amortization .", "all of the goodwill is expected to be deductible for tax purposes .", "acquisition of svedka 2013 on march 19 , 2007 , the company acquired the svedka vodka brand ( 201csvedka 201d ) in connection with the acquisition of spirits marque one llc and related business ( the 201csvedka acquisition 201d ) .", "svedka is a premium swedish vodka .", "at the time of the acquisition , the svedka acquisition supported the company 2019s strategy of expanding the company 2019s premium spirits business and provided a foundation from which the company looked to leverage its existing and future premium spirits portfolio for growth .", "in addition , svedka complemented the company 2019s then existing portfolio of super-premium and value vodka brands by adding a premium vodka brand .", "total consideration paid in cash for the svedka acquisition was $ 385.8 million .", "in addition , the company incurred direct acquisition costs of $ 1.3 million .", "the pur- chase price was financed with revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 .", "in accordance with the purchase 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 the svedka business , including the factors described above .", "the results of operations of the svedka business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition. ." ]

[ [ "Current assets", "$288.4" ], [ "Property, plant and equipment", "232.8" ], [ "Goodwill", "334.6" ], [ "Trademarks", "97.9" ], [ "Other assets", "30.2" ], [ "Total assets acquired", "983.9" ], [ "Current liabilities", "103.9" ], [ "Long-term liabilities", "1.3" ], [ "Total liabilities assumed", "105.2" ], [ "Net assets acquired", "$878.7" ] ]

[ [ "current assets", "$ 288.4" ], [ "property plant and equipment", "232.8" ], [ "goodwill", "334.6" ], [ "trademarks", "97.9" ], [ "other assets", "30.2" ], [ "total assets acquired", "983.9" ], [ "current liabilities", "103.9" ], [ "long-term liabilities", "1.3" ], [ "total liabilities assumed", "105.2" ], [ "net assets acquired", "$ 878.7" ] ]

[]

[ "2322 t .", "r o w e p r i c e g r o u p a n n u a l r e p o r t 2 0 1 1 c o n t r a c t u a l o b l i g at i o n s the following table presents a summary of our future obligations ( in a0millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2011 .", "other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees .", "because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations .", "the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2012 and future years .", "the information also excludes the $ 4.7 a0million of uncertain tax positions discussed in note 9 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. ." ]

[ "we also have outstanding commitments to fund additional contributions to investment partnerships in which we have an existing investment totaling $ 42.5 a0million at december 31 , 2011 .", "c r i t i c a l a c c o u n t i n g p o l i c i e s the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives .", "further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our balance sheet , the revenues and expenses in our statement of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements .", "making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time .", "accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes .", "we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2011 annual report .", "in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements .", "other than temporary impairments of available-for-sale securities .", "we generally classify our investment holdings in sponsored mutual funds and the debt securities held for investment by our savings bank subsidiary as available-for-sale .", "at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the statement of stockholders 2019 equity .", "we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary .", "in determining whether a mutual fund holding is other than temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value .", "subject to the other considerations noted above , with respect to duration of time , we believe a mutual fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other than temporary impairment .", "we may also recognize an other than temporary loss of less than six months in our statement of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible .", "an impaired debt security held by our savings bank subsidiary is considered to have an other than temporary loss that we will recognize in our statement of income if the impairment is caused by a change in credit quality that affects our ability to recover our amortized cost or if we intend to sell the security or believe that it is more likely than not that we will be required to sell the security before recovering cost .", "minor impairments of 5% ( 5 % ) or less are generally considered temporary .", "other than temporary impairments of equity method investments .", "we evaluate our equity method investments , including our investment in uti , for impairment when events or changes in circumstances indicate that the carrying value of the investment exceeds its fair value , and the decline in fair value is other than temporary .", "goodwill .", "we internally conduct , manage and report our operations as one investment advisory business .", "we do not have distinct operating segments or components that separately constitute a business .", "accordingly , we attribute goodwill to a single reportable business segment and reporting unit 2014our investment advisory business .", "we evaluate the carrying amount of goodwill in our balance sheet for possible impairment on an annual basis in the third quarter of each year using a fair value approach .", "goodwill would be considered impaired whenever our historical carrying amount exceeds the fair value of our investment advisory business .", "our annual testing has demonstrated that the fair value of our investment advisory business ( our market capitalization ) exceeds our carrying amount ( our stockholders 2019 equity ) and , therefore , no impairment exists .", "should we reach a different conclusion in the future , additional work would be performed to ascertain the amount of the non-cash impairment charge to be recognized .", "we must also perform impairment testing at other times if an event or circumstance occurs indicating that it is more likely than not that an impairment has been incurred .", "the maximum future impairment of goodwill that we could incur is the amount recognized in our balance sheet , $ 665.7 a0million .", "stock options .", "we recognize stock option-based compensation expense in our consolidated statement of income using a fair value based method .", "fair value methods use a valuation model for shorter-term , market-traded financial instruments to theoretically value stock option grants even though they are not available for trading and are of longer duration .", "the black- scholes option-pricing model that we use includes the input of certain variables that are dependent on future expectations , including the expected lives of our options from grant date to exercise date , the volatility of our underlying common shares in the market over that time period , and the rate of dividends that we will pay during that time .", "our estimates of these variables are made for the purpose of using the valuation model to determine an expense for each reporting period and are not subsequently adjusted .", "unlike most of our expenses , the resulting charge to earnings using a fair value based method is a non-cash charge that is never measured by , or adjusted based on , a cash outflow .", "provision for income taxes .", "after compensation and related costs , our provision for income taxes on our earnings is our largest annual expense .", "we operate in numerous states and countries through our various subsidiaries , and must allocate our income , expenses , and earnings under the various laws and regulations of each of these taxing jurisdictions .", "accordingly , our provision for income taxes represents our total estimate of the liability that we have incurred in doing business each year in all of our locations .", "annually , we file tax returns that represent our filing positions with each jurisdiction and settle our return liabilities .", "each jurisdiction has the right to audit those returns and may take different positions with respect to income and expense allocations and taxable earnings determinations .", "from time to time , we may also provide for estimated liabilities associated with uncertain tax return filing positions that are subject to , or in the process of , being audited by various tax authorities .", "because the determination of our annual provision is subject to judgments and estimates , it is likely that actual results will vary from those recognized in our financial statements .", "as a result , we recognize additions to , or reductions of , income tax expense during a reporting period that pertain to prior period provisions as our estimated liabilities are revised and actual tax returns and tax audits are settled .", "we recognize any such prior period adjustment in the discrete quarterly period in which it is determined .", "n e w ly i s s u e d b u t n o t y e t a d o p t e d a c c o u n t i n g g u i d a n c e in may 2011 , the fasb issued amended guidance clarifying how to measure and disclose fair value .", "we do not believe the adoption of such amended guidance on january 1 , 2012 , will have a significant effect on our consolidated financial statements .", "we have also considered all other newly issued accounting guidance that is applicable to our operations and the preparation of our consolidated statements , including that which we have not yet adopted .", "we do not believe that any such guidance will have a material effect on our financial position or results of operation. ." ]

[ [ "", "Total", "2012", "2013-14", "2015-16", "Later" ], [ "Noncancelable operating leases", "$185", "$31", "$63", "$57", "$34" ], [ "Other purchase commitments", "160", "112", "38", "10", "-" ], [ "Total", "$345", "$143", "$101", "$67", "$34" ] ]

[ [ "", "total", "2012", "2013-14", "2015-16", "later" ], [ "noncancelable operating leases", "$ 185", "$ 31", "$ 63", "$ 57", "$ 34" ], [ "other purchase commitments", "160", "112", "38", "10", "-" ], [ "total", "$ 345", "$ 143", "$ 101", "$ 67", "$ 34" ] ]

[]

[ "uncertain tax positions the following is a reconciliation of the company's beginning and ending amount of uncertain tax positions ( in millions ) : ." ]

[ "the company's liability for uncertain tax positions as of december 31 , 2015 , 2014 , and 2013 , includes $ 180 million , $ 154 million , and $ 141 million , respectively , related to amounts that would impact the effective tax rate if recognized .", "it is possible that the amount of unrecognized tax benefits may change in the next twelve months ; however , we do not expect the change to have a significant impact on our consolidated statements of income or consolidated balance sheets .", "these changes may be the result of settlements of ongoing audits .", "at this time , an estimate of the range of the reasonably possible outcomes within the twelve months cannot be made .", "the company recognizes interest and penalties related to uncertain tax positions in its provision for income taxes .", "the company accrued potential interest and penalties of $ 2 million , $ 4 million , and $ 2 million in 2015 , 2014 , and 2013 , respectively .", "the company recorded a liability for interest and penalties of $ 33 million , $ 31 million , and $ 27 million as of december 31 , 2015 , 2014 , and 2013 , respectively .", "the company and its subsidiaries file income tax returns in their respective jurisdictions .", "the company has substantially concluded all u.s .", "federal income tax matters for years through 2007 .", "material u.s .", "state and local income tax jurisdiction examinations have been concluded for years through 2005 .", "the company has concluded income tax examinations in its primary non-u.s .", "jurisdictions through 2005 .", "9 .", "shareholders' equity distributable reserves as a u.k .", "incorporated company , the company is required under u.k .", "law to have available \"distributable reserves\" to make share repurchases or pay dividends to shareholders .", "distributable reserves may be created through the earnings of the u.k .", "parent company and , amongst other methods , through a reduction in share capital approved by the english companies court .", "distributable reserves are not linked to a u.s .", "gaap reported amount ( e.g. , retained earnings ) .", "as of december 31 , 2015 and 2014 , the company had distributable reserves in excess of $ 2.1 billion and $ 4.0 billion , respectively .", "ordinary shares in april 2012 , the company's board of directors authorized a share repurchase program under which up to $ 5.0 billion of class a ordinary shares may be repurchased ( \"2012 share repurchase program\" ) .", "in november 2014 , the company's board of directors authorized a new $ 5.0 billion share repurchase program in addition to the existing program ( \"2014 share repurchase program\" and , together , the \"repurchase programs\" ) .", "under each program , shares may be repurchased through the open market or in privately negotiated transactions , based on prevailing market conditions , funded from available capital .", "during 2015 , the company repurchased 16.0 million shares at an average price per share of $ 97.04 for a total cost of $ 1.6 billion under the repurchase programs .", "during 2014 , the company repurchased 25.8 million shares at an average price per share of $ 87.18 for a total cost of $ 2.3 billion under the 2012 share repurchase plan .", "in august 2015 , the $ 5 billion of class a ordinary shares authorized under the 2012 share repurchase program was exhausted .", "at december 31 , 2015 , the remaining authorized amount for share repurchase under the 2014 share repurchase program is $ 4.1 billion .", "under the repurchase programs , the company repurchased a total of 78.1 million shares for an aggregate cost of $ 5.9 billion. ." ]

[ [ "", "2015", "2014" ], [ "Balance at January 1", "$191", "$164" ], [ "Additions based on tax positions related to the current year", "31", "31" ], [ "Additions for tax positions of prior years", "53", "10" ], [ "Reductions for tax positions of prior years", "(18)", "(6)" ], [ "Settlements", "(32)", "—" ], [ "Business combinations", "—", "5" ], [ "Lapse of statute of limitations", "(5)", "(11)" ], [ "Foreign currency translation", "(2)", "(2)" ], [ "Balance at December 31", "$218", "$191" ] ]

[ [ "", "2015", "2014" ], [ "balance at january 1", "$ 191", "$ 164" ], [ "additions based on tax positions related to the current year", "31", "31" ], [ "additions for tax positions of prior years", "53", "10" ], [ "reductions for tax positions of prior years", "-18 ( 18 )", "-6 ( 6 )" ], [ "settlements", "-32 ( 32 )", "2014" ], [ "business combinations", "2014", "5" ], [ "lapse of statute of limitations", "-5 ( 5 )", "-11 ( 11 )" ], [ "foreign currency translation", "-2 ( 2 )", "-2 ( 2 )" ], [ "balance at december 31", "$ 218", "$ 191" ] ]

[]

[ "system energy resources , inc .", "management's financial discussion and analysis with syndicated bank letters of credit .", "in december 2004 , system energy amended these letters of credit and they now expire in may 2009 .", "system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .", "all debt and common stock issuances by system energy require prior regulatory approval .", "debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .", "system energy has sufficient capacity under these tests to meet its foreseeable capital needs .", "system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million .", "see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits .", "system energy has also obtained an order from the ferc authorizing long-term securities issuances .", "the current long- term authorization extends through june 2009 .", "system energy's receivables from the money pool were as follows as of december 31 for each of the following years: ." ]

[ "in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans .", "see note 4 to the financial statements for a description of the money pool .", "nuclear matters system energy owns and operates grand gulf .", "system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .", "these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .", "in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .", "environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters .", "management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations .", "because environmental regulations are subject to change , future compliance costs cannot be precisely estimated .", "critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that ." ]

[ [ "2008", "2007", "2006", "2005" ], [ "(In Thousands)" ], [ "$42,915", "$53,620", "$88,231", "$277,287" ] ]

[ [ "2008", "2007", "2006", "2005" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 42915", "$ 53620", "$ 88231", "$ 277287" ] ]

[]

[ "notes to consolidated financial statements ( continued ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred .", "a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement .", "in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected .", "additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances .", "net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees .", "recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances .", "finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession .", "contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return .", "for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due .", "snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas .", "see note 3 for further information on receivables and allowances for doubtful accounts .", "other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 ." ]

[ "inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable .", "snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions .", "allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use .", "as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle .", "cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances .", "should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required .", "snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s .", "locations .", "snap-on 2019s u.s .", "inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s .", "manufacturing facilities ( primarily hand tools and tool storage ) .", "as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions .", "see note 4 for further information on inventories .", "72 snap-on incorporated ." ]

[ [ "<i>(Amounts in millions)</i>", "2012", "2011" ], [ "Income taxes", "$19.6", "$11.7" ], [ "Accrued restructuring", "7.2", "8.4" ], [ "Accrued warranty", "18.9", "18.6" ], [ "Deferred subscription revenue", "24.8", "24.9" ], [ "Accrued property, payroll and other tax", "32.9", "30.4" ], [ "Accrued selling and promotion expense", "26.6", "29.1" ], [ "Other", "117.9", "132.8" ], [ "Total other accrued liabilities", "$247.9", "$255.9" ] ]

[ [ "( amounts in millions )", "2012", "2011" ], [ "income taxes", "$ 19.6", "$ 11.7" ], [ "accrued restructuring", "7.2", "8.4" ], [ "accrued warranty", "18.9", "18.6" ], [ "deferred subscription revenue", "24.8", "24.9" ], [ "accrued property payroll and other tax", "32.9", "30.4" ], [ "accrued selling and promotion expense", "26.6", "29.1" ], [ "other", "117.9", "132.8" ], [ "total other accrued liabilities", "$ 247.9", "$ 255.9" ] ]

[]

[ "part i item 1 .", "business .", "general development of business general : altria group , inc .", "is a holding company incorporated in the commonwealth of virginia in 1985 .", "at december 31 , 2014 , altria group , inc . 2019s wholly-owned subsidiaries included philip morris usa inc .", "( 201cpm usa 201d ) , which is engaged predominantly in the manufacture and sale of cigarettes in the united states ; john middleton co .", "( 201cmiddleton 201d ) , which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco , and is a wholly- owned subsidiary of pm usa ; and ust llc ( 201cust 201d ) , which through its wholly-owned subsidiaries , including u.s .", "smokeless tobacco company llc ( 201cusstc 201d ) and ste .", "michelle wine estates ltd .", "( 201cste .", "michelle 201d ) , is engaged in the manufacture and sale of smokeless tobacco products and wine .", "altria group , inc . 2019s other operating companies included nu mark llc ( 201cnu mark 201d ) , a wholly-owned subsidiary that is engaged in the manufacture and sale of innovative tobacco products , and philip morris capital corporation ( 201cpmcc 201d ) , a wholly-owned subsidiary that maintains a portfolio of finance assets , substantially all of which are leveraged leases .", "other altria group , inc .", "wholly-owned subsidiaries included altria group distribution company , which provides sales , distribution and consumer engagement services to certain altria group , inc .", "operating subsidiaries , and altria client services inc. , which provides various support services , such as legal , regulatory , finance , human resources and external affairs , to altria group , inc .", "and its subsidiaries .", "at december 31 , 2014 , altria group , inc .", "also held approximately 27% ( 27 % ) of the economic and voting interest of sabmiller plc ( 201csabmiller 201d ) , which altria group , inc .", "accounts for under the equity method of accounting .", "source of funds : because altria group , inc .", "is a holding company , its access to the operating cash flows of its wholly- owned subsidiaries consists of cash received from the payment of dividends and distributions , and the payment of interest on intercompany loans by its subsidiaries .", "at december 31 , 2014 , altria group , inc . 2019s principal wholly-owned subsidiaries were not limited by long-term debt or other agreements in their ability to pay cash dividends or make other distributions with respect to their equity interests .", "in addition , altria group , inc .", "receives cash dividends on its interest in sabmiller if and when sabmiller pays such dividends .", "financial information about segments altria group , inc . 2019s reportable segments are smokeable products , smokeless products and wine .", "the financial services and the innovative tobacco products businesses are included in an all other category due to the continued reduction of the lease portfolio of pmcc and the relative financial contribution of altria group , inc . 2019s innovative tobacco products businesses to altria group , inc . 2019s consolidated results .", "altria group , inc . 2019s chief operating decision maker reviews operating companies income to evaluate the performance of , and allocate resources to , the segments .", "operating companies income for the segments is defined as operating income before amortization of intangibles and general corporate expenses .", "interest and other debt expense , net , and provision for income taxes are centrally managed at the corporate level and , accordingly , such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by altria group , inc . 2019s chief operating decision maker .", "net revenues and operating companies income ( together with a reconciliation to earnings before income taxes ) attributable to each such segment for each of the last three years are set forth in note 15 .", "segment reporting to the consolidated financial statements in item 8 .", "financial statements and supplementary data of this annual report on form 10-k ( 201citem 8 201d ) .", "information about total assets by segment is not disclosed because such information is not reported to or used by altria group , inc . 2019s chief operating decision maker .", "segment goodwill and other intangible assets , net , are disclosed in note 4 .", "goodwill and other intangible assets , net to the consolidated financial statements in item 8 ( 201cnote 4 201d ) .", "the accounting policies of the segments are the same as those described in note 2 .", "summary of significant accounting policies to the consolidated financial statements in item 8 ( 201cnote 2 201d ) .", "the relative percentages of operating companies income ( loss ) attributable to each reportable segment and the all other category were as follows: ." ]

[ "for items affecting the comparability of the relative percentages of operating companies income ( loss ) attributable to each reportable segment , see note 15 .", "segment reporting to the consolidated financial statements in item 8 ( 201cnote 15 201d ) .", "narrative description of business portions of the information called for by this item are included in item 7 .", "management 2019s discussion and analysis of financial condition and results of operations - operating results by business segment of this annual report on form 10-k .", "tobacco space altria group , inc . 2019s tobacco operating companies include pm usa , usstc and other subsidiaries of ust , middleton and nu mark .", "altria group distribution company provides sales , distribution and consumer engagement services to altria group , inc . 2019s tobacco operating companies .", "the products of altria group , inc . 2019s tobacco subsidiaries include smokeable tobacco products comprised of cigarettes manufactured and sold by pm usa and machine-made large altria_mdc_2014form10k_nolinks_crops.pdf 3 2/25/15 5:56 pm ." ]

[ [ "", "2014", "2013", "2012" ], [ "Smokeable products", "87.2%", "84.5%", "83.7%" ], [ "Smokeless products", "13.4", "12.2", "12.5" ], [ "Wine", "1.7", "1.4", "1.4" ], [ "All other", "(2.3)", "1.9", "2.4" ], [ "Total", "100.0%", "100.0%", "100.0%" ] ]

[ [ "", "2014", "2013", "2012" ], [ "smokeable products", "87.2% ( 87.2 % )", "84.5% ( 84.5 % )", "83.7% ( 83.7 % )" ], [ "smokeless products", "13.4", "12.2", "12.5" ], [ "wine", "1.7", "1.4", "1.4" ], [ "all other", "-2.3 ( 2.3 )", "1.9", "2.4" ], [ "total", "100.0% ( 100.0 % )", "100.0% ( 100.0 % )", "100.0% ( 100.0 % )" ] ]

[ { "arg1": "12.2", "arg2": "12.5", "op": "minus2-1", "res": "-0.3" }, { "arg1": "#0", "arg2": "12.5", "op": "divide2-2", "res": "-2.4%" } ]

[ "jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations .", "securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets .", "resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest .", "securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received .", "where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis .", "fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively .", "the firm has elected the fair value option for certain securities financing agreements .", "for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report .", "the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets .", "generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue .", "however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue .", "the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented .", "december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value .", "( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value .", "( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value .", "( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value .", "there were no securities loaned accounted for at fair value at december 31 , 2011 .", "the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance .", "jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed .", "the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s .", "agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities .", "margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default .", "jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default .", "as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. ." ]

[ "jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations .", "securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets .", "resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest .", "securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received .", "where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis .", "fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively .", "the firm has elected the fair value option for certain securities financing agreements .", "for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report .", "the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets .", "generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue .", "however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue .", "the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented .", "december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value .", "( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value .", "( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value .", "( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value .", "there were no securities loaned accounted for at fair value at december 31 , 2011 .", "the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance .", "jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed .", "the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s .", "agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities .", "margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default .", "jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default .", "as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. ." ]

[ [ "December 31,(in millions)", "2012", "2011" ], [ "Securities purchased under resale agreements^(a)", "$295,413", "$235,000" ], [ "Securities borrowed^(b)", "119,017", "142,462" ], [ "Securities sold under repurchase agreements^(c)", "$215,560", "$197,789" ], [ "Securities loaned^(d)", "23,582", "14,214" ] ]

[ [ "december 31 ( in millions )", "2012", "2011" ], [ "securities purchased under resale agreements ( a )", "$ 295413", "$ 235000" ], [ "securities borrowed ( b )", "119017", "142462" ], [ "securities sold under repurchase agreements ( c )", "$ 215560", "$ 197789" ], [ "securities loaned ( d )", "23582", "14214" ] ]

[]

[ "royal caribbean cruises ltd .", "15 from two to 17 nights throughout south america , the caribbean and europe .", "additionally , we announced that majesty of the seas will be redeployed from royal caribbean international to pullmantur in 2016 .", "pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise mar- kets .", "pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children .", "over the last few years , pullmantur has systematically increased its focus on latin america and has expanded its pres- ence in that market .", "in order to facilitate pullmantur 2019s ability to focus on its core cruise business , on march 31 , 2014 , pullmantur sold the majority of its interest in its non-core busi- nesses .", "these non-core businesses included pullmantur 2019s land-based tour operations , travel agency and 49% ( 49 % ) interest in its air business .", "in connection with the sale agreement , we retained a 19% ( 19 % ) interest in each of the non-core businesses as well as 100% ( 100 % ) ownership of the aircraft which are being dry leased to pullmantur air .", "see note 1 .", "general and note 6 .", "other assets to our consolidated financial statements under item 8 .", "financial statements and supplementary data for further details .", "cdf croisi e8res de france we currently operate two ships with an aggregate capacity of approximately 2800 berths under our cdf croisi e8res de france brand .", "cdf croisi e8res de france offers seasonal itineraries to the mediterranean , europe and caribbean .", "during the winter season , zenith is deployed to the pullmantur brand for sailings in south america .", "cdf croisi e8res de france is designed to serve the contemporary segment of the french cruise market by providing a brand tailored for french cruise guests .", "tui cruises tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping com- pany , and is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests .", "all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market .", "tui cruises operates three ships , mein schiff 1 , mein schiff 2 and mein schiff 3 , with an aggregate capacity of approximately 6300 berths .", "in addition , tui cruises currently has three newbuild ships on order at the finnish meyer turku yard with an aggregate capacity of approximately 7500 berths : mein schiff 4 , scheduled for delivery in the second quarter of 2015 , mein schiff 5 , scheduled for delivery in the third quarter of 2016 and mein schiff 6 , scheduled for delivery in the second quarter of 2017 .", "in november 2014 , we formed a strategic partnership with ctrip.com international ltd .", "( 201cctrip 201d ) , a chinese travel service provider , to operate a new cruise brand known as skysea cruises .", "skysea cruises will offer a custom-tailored product for chinese cruise guests operating the ship purchased from celebrity cruises .", "the new cruise line will begin service in the second quarter of 2015 .", "we and ctrip each own 35% ( 35 % ) of the new company , skysea holding , with the balance being owned by skysea holding management and a private equity fund .", "industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long term in the european market and a developing but promising sector in several other emerging markets .", "industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers .", "we believe this presents an opportunity for long-term growth and a potential for increased profitability .", "the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) ." ]

[ "( 1 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and cruise lines international association ( 201cclia 201d ) .", "rates are based on cruise guests carried for at least two consecutive nights .", "includes the united states of america and canada .", "( 2 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and clia europe , formerly european cruise council .", "we estimate that the global cruise fleet was served by approximately 457000 berths on approximately 283 ships at the end of 2014 .", "there are approximately 33 ships with an estimated 98650 berths that are expected to be placed in service in the global cruise market between 2015 and 2019 , although it is also possible that ships could be ordered or taken out of service during these periods .", "we estimate that the global cruise industry carried 22.0 million cruise guests in 2014 compared to 21.3 million cruise guests carried in 2013 and 20.9 million cruise guests carried in 2012 .", "part i ." ]

[ [ "Year", "North America(1)", "Europe(2)" ], [ "2010", "3.1%", "1.1%" ], [ "2011", "3.4%", "1.1%" ], [ "2012", "3.3%", "1.2%" ], [ "2013", "3.4%", "1.2%" ], [ "2014", "3.5%", "1.3%" ] ]

[ [ "year", "north america ( 1 )", "europe ( 2 )" ], [ "2010", "3.1% ( 3.1 % )", "1.1% ( 1.1 % )" ], [ "2011", "3.4% ( 3.4 % )", "1.1% ( 1.1 % )" ], [ "2012", "3.3% ( 3.3 % )", "1.2% ( 1.2 % )" ], [ "2013", "3.4% ( 3.4 % )", "1.2% ( 1.2 % )" ], [ "2014", "3.5% ( 3.5 % )", "1.3% ( 1.3 % )" ] ]

[ { "arg1": "22.0", "arg2": "21.3", "op": "minus1-1", "res": "0.7" }, { "arg1": "#0", "arg2": "21.3", "op": "divide1-2", "res": "3.3%" } ]

[ "information about stock options at december 31 , 2007 follows: ." ]

[ "( a ) the weighted-average remaining contractual life was approximately 4.2 years .", "at december 31 , 2007 , there were approximately 13788000 options in total that were vested and are expected to vest .", "the weighted-average exercise price of such options was $ 62.07 per share , the weighted-average remaining contractual life was approximately 5.2 years , and the aggregate intrinsic value at december 31 , 2007 was approximately $ 92 million .", "stock options granted in 2005 include options for 30000 shares that were granted to non-employee directors that year .", "no such options were granted in 2006 or 2007 .", "awards granted to non-employee directors in 2007 include 20944 deferred stock units awarded under the outside directors deferred stock unit plan .", "a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment under sfas 123r until such awards are paid to the participants as cash .", "as there are no vestings or service requirements on these awards , total compensation expense is recognized in full on all awarded units on the date of grant .", "the weighted-average grant-date fair value of options granted in 2007 , 2006 and 2005 was $ 11.37 , $ 10.75 and $ 9.83 per option , respectively .", "to determine stock-based compensation expense under sfas 123r , the grant-date fair value is applied to the options granted with a reduction made for estimated forfeitures .", "at december 31 , 2006 and 2005 options for 10743000 and 13582000 shares of common stock , respectively , were exercisable at a weighted-average price of $ 58.38 and $ 56.58 , respectively .", "the total intrinsic value of options exercised during 2007 , 2006 and 2005 was $ 52 million , $ 111 million and $ 31 million , respectively .", "at december 31 , 2007 the aggregate intrinsic value of all options outstanding and exercisable was $ 94 million and $ 87 million , respectively .", "cash received from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 111 million , $ 233 million and $ 98 million , respectively .", "the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 39 million , $ 82 million and $ 34 million , respectively .", "there were no options granted in excess of market value in 2007 , 2006 or 2005 .", "shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 40116726 at december 31 , 2007 .", "total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 41787400 shares at december 31 , 2007 , which includes shares available for issuance under the incentive plans , the employee stock purchase plan as described below , and a director plan .", "during 2007 , we issued approximately 2.1 million shares from treasury stock in connection with stock option exercise activity .", "as with past exercise activity , we intend to utilize treasury stock for future stock option exercises .", "as discussed in note 1 accounting policies , we adopted the fair value recognition provisions of sfas 123 prospectively to all employee awards including stock options granted , modified or settled after january 1 , 2003 .", "as permitted under sfas 123 , we recognized compensation expense for stock options on a straight-line basis over the pro rata vesting period .", "total compensation expense recognized related to pnc stock options in 2007 was $ 29 million compared with $ 31 million in 2006 and $ 29 million in 2005 .", "pro forma effects a table is included in note 1 accounting policies that sets forth pro forma net income and basic and diluted earnings per share as if compensation expense had been recognized under sfas 123 and 123r , as amended , for stock options for 2005 .", "for purposes of computing stock option expense and 2005 pro forma results , we estimated the fair value of stock options using the black-scholes option pricing model .", "the model requires the use of numerous assumptions , many of which are very subjective .", "therefore , the 2005 pro forma results are estimates of results of operations as if compensation expense had been recognized for all stock-based compensation awards and are not indicative of the impact on future periods. ." ]

[ [ "", "Options Outstanding", "Options Exercisable(a)" ], [ "December 31, 2007Shares in thousandsRange of exercise prices", "Shares", "Weighted- averageexercise price", "Weighted-average remaining contractual life (in years)", "Shares", "Weighted-averageexercise price" ], [ "$37.43 – $46.99", "1,444", "$43.05", "4.0", "1,444", "$43.05" ], [ "47.00 – 56.99", "3,634", "53.43", "5.4", "3,022", "53.40" ], [ "57.00 – 66.99", "3,255", "60.32", "5.2", "2,569", "58.96" ], [ "67.00 – 76.23", "5,993", "73.03", "5.5", "3,461", "73.45" ], [ "Total", "14,326", "$62.15", "5.3", "10,496", "$59.95" ] ]

[ [ "december 31 2007shares in thousandsrange of exercise prices", "options outstanding shares", "options outstanding weighted- averageexercise price", "options outstanding weighted-average remaining contractual life ( in years )", "options outstanding shares", "weighted-averageexercise price" ], [ "$ 37.43 2013 $ 46.99", "1444", "$ 43.05", "4.0", "1444", "$ 43.05" ], [ "47.00 2013 56.99", "3634", "53.43", "5.4", "3022", "53.40" ], [ "57.00 2013 66.99", "3255", "60.32", "5.2", "2569", "58.96" ], [ "67.00 2013 76.23", "5993", "73.03", "5.5", "3461", "73.45" ], [ "total", "14326", "$ 62.15", "5.3", "10496", "$ 59.95" ] ]

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[ "table of contents notes to consolidated financial statements of american airlines , inc .", "certificate of incorporation ( the certificate of incorporation ) contains transfer restrictions applicable to certain substantial stockholders .", "although the purpose of these transfer restrictions is to prevent an ownership change from occurring , there can be no assurance that an ownership change will not occur even with these transfer restrictions .", "a copy of the certificate of incorporation was attached as exhibit 3.1 to a current report on form 8-k filed by aag with the sec on december 9 , 2013 .", "reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred in the chapter 11 cases .", "the following table summarizes the components included in reorganization items , net on the consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : december 31 ." ]

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

[ [ "", "December 31, 2013" ], [ "Labor-related deemed claim (1)", "$1,733" ], [ "Aircraft and facility financing renegotiations and rejections (2),(3)", "320" ], [ "Fair value of conversion discount (4)", "218" ], [ "Professional fees", "199" ], [ "Other", "170" ], [ "Total reorganization items, net", "$2,640" ] ]

[ [ "", "december 31 2013" ], [ "labor-related deemed claim ( 1 )", "$ 1733" ], [ "aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )", "320" ], [ "fair value of conversion discount ( 4 )", "218" ], [ "professional fees", "199" ], [ "other", "170" ], [ "total reorganization items net", "$ 2640" ] ]

[]

[ "supplementary information on oil and gas producing activities ( unaudited ) c o n t i n u e d summary of changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves ( in millions ) 2006 2005 2004 sales and transfers of oil and gas produced , net of production , transportation and administrative costs $ ( 5312 ) $ ( 3754 ) $ ( 2689 ) net changes in prices and production , transportation and administrative costs related to future production ( 1342 ) 6648 771 ." ]

[ "." ]

[ [ "<i>(In millions)</i>", "2006", "2005", "2004" ], [ "Sales and transfers of oil and gas produced, net of production, transportation and administrative costs", "$(5,312)", "$(3,754)", "$(2,689)" ], [ "Net changes in prices and production, transportation and administrative costs related to future production", "(1,342)", "6,648", "771" ], [ "Extensions, discoveries and improved recovery, less related costs", "1,290", "700", "1,349" ], [ "Development costs incurred during the period", "1,251", "1,030", "609" ], [ "Changes in estimated future development costs", "(527)", "(552)", "(628)" ], [ "Revisions of previous quantity estimates", "1,319", "820", "948" ], [ "Net changes in purchases and sales of minerals in place", "30", "4,557", "33" ], [ "Accretion of discount", "1,882", "1,124", "757" ], [ "Net change in income taxes", "(660)", "(6,694)", "(627)" ], [ "Timing and other", "(14)", "307", "97" ], [ "Net change for the year", "(2,083)", "4,186", "620" ], [ "Beginning of year", "10,601", "6,415", "5,795" ], [ "End of year", "$8,518", "$10,601", "$6,415" ], [ "Net change for the year from discontinued operations", "$(216)", "$162", "$(152)" ] ]

[ [ "( in millions )", "2006", "2005", "2004" ], [ "sales and transfers of oil and gas produced net of production transportation and administrative costs", "$ -5312 ( 5312 )", "$ -3754 ( 3754 )", "$ -2689 ( 2689 )" ], [ "net changes in prices and production transportation and administrative costs related to future production", "-1342 ( 1342 )", "6648", "771" ], [ "extensions discoveries and improved recovery less related costs", "1290", "700", "1349" ], [ "development costs incurred during the period", "1251", "1030", "609" ], [ "changes in estimated future development costs", "-527 ( 527 )", "-552 ( 552 )", "-628 ( 628 )" ], [ "revisions of previous quantity estimates", "1319", "820", "948" ], [ "net changes in purchases and sales of minerals in place", "30", "4557", "33" ], [ "accretion of discount", "1882", "1124", "757" ], [ "net change in income taxes", "-660 ( 660 )", "-6694 ( 6694 )", "-627 ( 627 )" ], [ "timing and other", "-14 ( 14 )", "307", "97" ], [ "net change for the year", "-2083 ( 2083 )", "4186", "620" ], [ "beginning of year", "10601", "6415", "5795" ], [ "end of year", "$ 8518", "$ 10601", "$ 6415" ], [ "net change for the year from discontinued operations", "$ -216 ( 216 )", "$ 162", "$ -152 ( 152 )" ] ]

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[ "54| | duke realty corporation annual report 2010 ." ]

[ "weighted average number of common shares and potential diluted securities 238920 201206 154553 criteria in fasb asc 360-20 related to the terms of the transactions and any continuing involvement in the form of management or financial assistance from the seller associated with the properties .", "we make judgments based on the specific terms of each transaction as to the amount of the total profit from the transaction that we recognize considering factors such as continuing ownership interest we may have with the buyer ( 201cpartial sales 201d ) and our level of future involvement with the property or the buyer that acquires the assets .", "if the full accrual sales criteria are not met , we defer gain recognition and account for the continued operations of the property by applying the finance , installment or cost recovery methods , as appropriate , until the full accrual sales criteria are met .", "estimated future costs to be incurred after completion of each sale are included in the determination of the gain on sales .", "to the extent that a property has had operations prior to sale , and that we do not have continuing involvement with the property , gains from sales of depreciated property are included in discontinued operations and the proceeds from the sale of these held-for-rental properties are classified in the investing activities section of the consolidated statements of cash flows .", "gains or losses from our sale of properties that were developed or repositioned with the intent to sell and not for long-term rental ( 201cbuild-for-sale 201d properties ) are classified as gain on sale of properties in the consolidated statements of operations .", "other rental properties that do not meet the criteria for presentation as discontinued operations are also classified as gain on sale of properties in the consolidated statements of operations .", "net income ( loss ) per common share basic net income ( loss ) per common share is computed by dividing net income ( loss ) attributable to common shareholders , less dividends on share- based awards expected to vest , by the weighted average number of common shares outstanding for the period .", "diluted net income ( loss ) per common share is computed by dividing the sum of basic net income ( loss ) attributable to common shareholders and the noncontrolling interest in earnings allocable to units not owned by us ( to the extent the units are dilutive ) , by the sum of the weighted average number of common shares outstanding and , to the extent they are dilutive , partnership units outstanding , as well as any potential dilutive securities for the period .", "during the first quarter of 2009 , we adopted a new accounting standard ( fasb asc 260-10 ) on participating securities , which we have applied retrospectively to prior period calculations of basic and diluted earnings per common share .", "pursuant to this new standard , certain of our share-based awards are considered participating securities because they earn dividend equivalents that are not forfeited even if the underlying award does not vest .", "the following table reconciles the components of basic and diluted net income ( loss ) per common share ( in thousands ) : ." ]

[ [ "", "2010", "2009", "2008" ], [ "Net income (loss) attributable to common shareholders", "$(14,108)", "$(333,601)", "$50,408" ], [ "Less: Dividends on share-based awards expected to vest", "(2,513)", "(1,759)", "(1,631)" ], [ "Basic net income (loss) attributable to common shareholders", "(16,621)", "(335,360)", "48,777" ], [ "Noncontrolling interest in earnings of common unitholders", "-", "-", "2,640" ], [ "Diluted net income (loss) attributable to common shareholders", "$(16,621)", "$(335,360)", "$51,417" ], [ "Weighted average number of common shares outstanding", "238,920", "201,206", "146,915" ], [ "Weighted average partnership Units outstanding", "-", "-", "7,619" ], [ "Other potential dilutive shares", "-", "-", "19" ], [ "Weighted average number of common shares and potential dilutive securities", "238,920", "201,206", "154,553" ] ]

[ [ "", "2010", "2009", "2008" ], [ "net income ( loss ) attributable to common shareholders", "$ -14108 ( 14108 )", "$ -333601 ( 333601 )", "$ 50408" ], [ "less : dividends on share-based awards expected to vest", "-2513 ( 2513 )", "-1759 ( 1759 )", "-1631 ( 1631 )" ], [ "basic net income ( loss ) attributable to common shareholders", "-16621 ( 16621 )", "-335360 ( 335360 )", "48777" ], [ "noncontrolling interest in earnings of common unitholders", "-", "-", "2640" ], [ "diluted net income ( loss ) attributable to common shareholders", "$ -16621 ( 16621 )", "$ -335360 ( 335360 )", "$ 51417" ], [ "weighted average number of common shares outstanding", "238920", "201206", "146915" ], [ "weighted average partnership units outstanding", "-", "-", "7619" ], [ "other potential dilutive shares", "-", "-", "19" ], [ "weighted average number of common shares and potential dilutive securities", "238920", "201206", "154553" ] ]

[ { "arg1": "48777", "arg2": "51417", "op": "divide2-1", "res": "0.949" }, { "arg1": "#0", "arg2": "const_100", "op": "multiply2-2", "res": "94.9%" } ]

[ "management 2019s discussion and analysis net interest income 2013 versus 2012 .", "net interest income on the consolidated statements of earnings was $ 3.39 billion for 2013 , 13% ( 13 % ) lower than 2012 .", "the decrease compared with 2012 was primarily due to lower average yields on financial instruments owned , at fair value , partially offset by lower interest expense on financial instruments sold , but not yet purchased , at fair value and collateralized financings .", "2012 versus 2011 .", "net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 .", "the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value and collateralized agreements .", "see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income .", "operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .", "compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .", "discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment .", "the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . ." ]

[ "1 .", "related revenues are included in 201cmarket making 201d in the consolidated statements of earnings .", "goldman sachs 2013 annual report 45 ." ]

[ [ "", "Year Ended December" ], [ "<i>$ in millions</i>", "2013", "2012", "2011" ], [ "Compensation and benefits", "$12,613", "$12,944", "$12,223" ], [ "Brokerage, clearing, exchange anddistribution fees", "2,341", "2,208", "2,463" ], [ "Market development", "541", "509", "640" ], [ "Communications and technology", "776", "782", "828" ], [ "Depreciation and amortization", "1,322", "1,738", "1,865" ], [ "Occupancy", "839", "875", "1,030" ], [ "Professional fees", "930", "867", "992" ], [ "Insurance reserves¹", "176", "598", "529" ], [ "Other expenses", "2,931", "2,435", "2,072" ], [ "Total non-compensation expenses", "9,856", "10,012", "10,419" ], [ "Total operating expenses", "$22,469", "$22,956", "$22,642" ], [ "Total staff at period-end", "32,900", "32,400", "33,300" ] ]

[ [ "$ in millions", "year ended december 2013", "year ended december 2012", "year ended december 2011" ], [ "compensation and benefits", "$ 12613", "$ 12944", "$ 12223" ], [ "brokerage clearing exchange anddistribution fees", "2341", "2208", "2463" ], [ "market development", "541", "509", "640" ], [ "communications and technology", "776", "782", "828" ], [ "depreciation and amortization", "1322", "1738", "1865" ], [ "occupancy", "839", "875", "1030" ], [ "professional fees", "930", "867", "992" ], [ "insurance reserves1", "176", "598", "529" ], [ "other expenses", "2931", "2435", "2072" ], [ "total non-compensation expenses", "9856", "10012", "10419" ], [ "total operating expenses", "$ 22469", "$ 22956", "$ 22642" ], [ "total staff at period-end", "32900", "32400", "33300" ] ]

[]

[ "system energy resources , inc .", "management 2019s financial discussion and analysis also in addition to the contractual obligations , system energy has $ 382.3 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 spending to maintain operations , the planned capital investment estimate includes specific investments and initiatives such as the nuclear fleet operational excellence initiative , as discussed below in 201cnuclear matters , 201d and plant improvements .", "as a wholly-owned subsidiary , system energy dividends its earnings to entergy corporation at a percentage determined monthly .", "sources of capital system energy 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt issuances ; and 2022 bank financing under new or existing facilities .", "system energy 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 stock issuances by system energy require prior regulatory approval .", "debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .", "system energy has sufficient capacity under these tests to meet its foreseeable capital needs .", "system energy 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 .", "the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 .", "as of december 31 , 2016 , $ 66.9 million in letters of credit were outstanding under the credit facility to support a like amount of commercial paper issued by the system energy nuclear fuel company variable interest entity .", "see note 4 to the financial statements for additional discussion of the variable interest entity credit facility .", "system energy obtained authorizations from the ferc through october 2017 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity .", "see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits. ." ]

[ [ "2016", "2015", "2014", "2013" ], [ "(In Thousands)" ], [ "$33,809", "$39,926", "$2,373", "$9,223" ] ]

[ [ "2016", "2015", "2014", "2013" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 33809", "$ 39926", "$ 2373", "$ 9223" ] ]

[ { "arg1": "33809", "arg2": "39926", "op": "minus1-1", "res": "-6117" }, { "arg1": "#0", "arg2": "39926", "op": "divide1-2", "res": "-15.3%" } ]