Datasets:

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MehdiHosseiniMoghadam

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ConvFinQA

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

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

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

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

[ { "arg1": "886.2", "arg2": "1043.7", "op": "minus1-1", "res": "-157.5" }, { "arg1": "#0", "arg2": "1043.7", "op": "divide1-2", "res": "15.1%" } ]

[ "natural gas prices on average were lower in 2009 than in 2008 and in 2007 , with prices in 2008 hitting uniquely high levels .", "a significant portion of our natural gas production in the lower 48 states of the u.s .", "is sold at bid-week prices or first-of-month indices relative to our specific producing areas .", "a large portion of natural gas sales in alaska are subject to term contracts .", "our other major natural gas-producing regions are europe and equatorial guinea , where large portions of our natural gas sales are also subject to term contracts , making realized prices in these areas less volatile .", "as we sell larger quantities of natural gas from these regions , to the extent that these fixed prices are lower than prevailing prices , our reported average natural gas prices realizations may be less than benchmark natural gas prices .", "oil sands mining oil sands mining segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil and vacuum gas oil we produce .", "roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select .", "output mix can be impacted by operational problems or planned unit outages at the mine or the upgrader .", "the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .", "per-unit costs are sensitive to production rates .", "key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian aeco natural gas sales index and crude prices respectively .", "the table below shows average benchmark prices that impact both our revenues and variable costs. ." ]

[ "western canadian select ( dollars per barrel ) ( a ) $ 52.13 $ 79.59 $ 49.60 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.49 $ 7.74 $ 6.06 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .", "( b ) alberta energy company day ahead index .", "integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand .", "our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in west africa , the u.s .", "and europe .", "our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices .", "in 2009 , the gross sales from the plant were 3.9 million metric tonnes , while in 2008 , its first full year of operations , the plant sold 3.4 million metric tonnes .", "industry estimates of 2009 lng trade are approximately 185 million metric tonnes .", "more lng production facilities and tankers were under construction in 2009 .", "as a result of the sharp worldwide economic downturn in 2008 , continued weak economies are expected to lower natural gas consumption in various countries ; therefore , affecting near-term demand for lng .", "long-term lng supply continues to be in demand as markets seek the benefits of clean burning natural gas .", "market prices for lng are not reported or posted .", "in general , lng delivered to the u.s .", "is tied to henry hub prices and will track with changes in u.s .", "natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices .", "we own a 45 percent interest in a methanol plant located in equatorial guinea through our investment in ampco .", "gross sales of methanol from the plant totaled 960374 metric tonnes in 2009 and 792794 metric tonnes in 2008 .", "methanol demand has a direct impact on ampco 2019s earnings .", "because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices .", "the 2010 chemical markets associates , inc .", "estimates world demand for methanol in 2009 was 41 million metric tonnes .", "our plant capacity is 1.1 million , or about 3 percent of total demand .", "refining , marketing and transportation rm&t segment income depends largely on our refining and wholesale marketing gross margin , refinery throughputs and retail marketing gross margins for gasoline , distillates and merchandise. ." ]

[ [ "Benchmark", "2009", "2008", "2007" ], [ "WTI crude oil (Dollars per barrel)", "$62.09", "$99.75", "$72.41" ], [ "Western Canadian Select (Dollars per barrel)^(a)", "$52.13", "$79.59", "$49.60" ], [ "AECO natural gas sales index (Dollars per mmbtu)^(b)", "$3.49", "$7.74", "$6.06" ] ]

[ [ "benchmark", "2009", "2008", "2007" ], [ "wti crude oil ( dollars per barrel )", "$ 62.09", "$ 99.75", "$ 72.41" ], [ "western canadian select ( dollars per barrel ) ( a )", "$ 52.13", "$ 79.59", "$ 49.60" ], [ "aeco natural gas sales index ( dollars per mmbtu ) ( b )", "$ 3.49", "$ 7.74", "$ 6.06" ] ]

[]

[ "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 .", "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 in the accompanying consolidated statements of operations .", "any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations .", "afudc is summarized in the following table for the years ended december 31: ." ]

[ "environmental costs the company 2019s water and wastewater operations 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 .", "remediation costs accrued amounted to $ 1 and $ 2 as of december 31 , 2015 and 2014 , respectively .", "the accrual relates entirely to a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration ( 201cnoaa 201d ) requiring the company 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 company has agreed to pay $ 1 annually from 2010 to 2016 .", "the company 2019s inception-to-date costs related to the noaa agreement were recorded in regulatory assets in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014 and are expected to be fully recovered from customers in future rates .", "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 effective portion of gains and losses on cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows .", "any ineffective portion of designated hedges is recognized in current-period earnings .", "cash flows from derivative contracts are included in net cash provided by operating activities in the accompanying consolidated statements of cash flows. ." ]

[ [ "", "2015", "2014", "2013" ], [ "Allowance for other funds used during construction", "$13", "$9", "$13" ], [ "Allowance for borrowed funds used during construction", "8", "6", "6" ] ]

[ [ "", "2015", "2014", "2013" ], [ "allowance for other funds used during construction", "$ 13", "$ 9", "$ 13" ], [ "allowance for borrowed funds used during construction", "8", "6", "6" ] ]

[]

[ "marathon oil corporation notes to consolidated financial statements operating lease rental expense was : ( in millions ) 2008 2007 2006 minimum rental ( a ) $ 245 $ 209 $ 172 ." ]

[ "( a ) excludes $ 5 million , $ 8 million and $ 9 million paid by united states steel in 2008 , 2007 and 2006 on assumed leases .", "27 .", "contingencies and commitments we are the subject of , or party to , a number of pending or threatened legal actions , contingencies and commitments involving a variety of matters , including laws and regulations relating to the environment .", "certain of these matters are discussed below .", "the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements .", "however , management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably .", "environmental matters 2013 we are subject to federal , state , local and foreign laws and regulations relating to the environment .", "these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites .", "penalties may be imposed for noncompliance .", "at december 31 , 2008 and 2007 , accrued liabilities for remediation totaled $ 111 million and $ 108 million .", "it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed .", "receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets , were $ 60 and $ 66 million at december 31 , 2008 and 2007 .", "we are a defendant , along with other refining companies , in 20 cases arising in three states alleging damages for methyl tertiary-butyl ether ( 201cmtbe 201d ) contamination .", "we have also received seven toxic substances control act notice letters involving potential claims in two states .", "such notice letters are often followed by litigation .", "like the cases that were settled in 2008 , the remaining mtbe cases are consolidated in a multidistrict litigation in the southern district of new york for pretrial proceedings .", "nineteen of the remaining cases allege damages to water supply wells , similar to the damages claimed in the settled cases .", "in the other remaining case , the state of new jersey is seeking natural resources damages allegedly resulting from contamination of groundwater by mtbe .", "this is the only mtbe contamination case in which we are a defendant and natural resources damages are sought .", "we are vigorously defending these cases .", "we , along with a number of other defendants , have engaged in settlement discussions related to the majority of the cases in which we are a defendant .", "we do not expect our share of liability , if any , for the remaining cases to significantly impact our consolidated results of operations , financial position or cash flows .", "a lawsuit filed in the united states district court for the southern district of west virginia alleges that our catlettsburg , kentucky , refinery distributed contaminated gasoline to wholesalers and retailers for a period prior to august , 2003 , causing permanent damage to storage tanks , dispensers and related equipment , resulting in lost profits , business disruption and personal and real property damages .", "following the incident , we conducted remediation operations at affected facilities , and we deny that any permanent damages resulted from the incident .", "class action certification was granted in august 2007 .", "we have entered into a tentative settlement agreement in this case .", "notice of the proposed settlement has been sent to the class members .", "approval by the court after a fairness hearing is required before the settlement can be finalized .", "the fairness hearing is scheduled in the first quarter of 2009 .", "the proposed settlement will not significantly impact our consolidated results of operations , financial position or cash flows .", "guarantees 2013 we have provided certain guarantees , direct and indirect , of the indebtedness of other companies .", "under the terms of most of these guarantee arrangements , we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements .", "in addition to these financial guarantees , we also have various performance guarantees related to specific agreements. ." ]

[ [ "<i>(In millions)</i>", "2008", "2007", "2006" ], [ "Minimum rental^(a)", "$245", "$209", "$172" ], [ "Contingent rental", "22", "33", "28" ], [ "Sublease rentals", "–", "–", "(7)" ], [ "Net rental expense", "$267", "$242", "$193" ] ]

[ [ "( in millions )", "2008", "2007", "2006" ], [ "minimum rental ( a )", "$ 245", "$ 209", "$ 172" ], [ "contingent rental", "22", "33", "28" ], [ "sublease rentals", "2013", "2013", "-7 ( 7 )" ], [ "net rental expense", "$ 267", "$ 242", "$ 193" ] ]

[]

[ "condition are valued using a monte carlo model .", "expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years .", "the expected term is three years and the risk-free interest rate is based on the three-year u.s .", "treasury rate in effect as of the measurement date .", "the following table provides the weighted average assumptions used in the monte carlo simulation and the weighted average grant date fair values of psus granted for the years ended december 31: ." ]

[ "the grant date fair value of psus that vest ratably and have market and/or performance conditions are amortized through expense over the requisite service period using the graded-vesting method .", "if dividends are paid with respect to shares of the company 2019s common stock before the rsus and psus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus and psus were shares of company common stock .", "when the rsus and psus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued .", "the company accrued dividend equivalents totaling $ 1 million , less than $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in shareholders 2019 equity for the years ended december 31 , 2018 , 2017 and 2016 , respectively .", "employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at a discount .", "prior to february 5 , 2019 , the purchase price of common stock acquired under the espp was the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three -month purchase period .", "on july 27 , 2018 , the espp was amended , effective february 5 , 2019 , to permit employee participants to acquire company common stock at 85% ( 85 % ) of the fair market value of the common stock at the end of the purchase period .", "as of december 31 , 2018 , there were 1.9 million shares of common stock reserved for issuance under the espp .", "the espp is considered compensatory .", "during the years ended december 31 , 2018 , 2017 and 2016 , the company issued 95 thousand , 93 thousand and 93 thousand shares , respectively , under the espp. ." ]

[ [ "", "2018", "2017", "2016" ], [ "Expected volatility", "17.23%", "17.40%", "15.90%" ], [ "Risk-free interest rate", "2.36%", "1.53%", "0.91%" ], [ "Expected life (years)", "3.0", "3.0", "3.0" ], [ "Grant date fair value per share", "$73.62", "$72.81", "$77.16" ] ]

[ [ "", "2018", "2017", "2016" ], [ "expected volatility", "17.23% ( 17.23 % )", "17.40% ( 17.40 % )", "15.90% ( 15.90 % )" ], [ "risk-free interest rate", "2.36% ( 2.36 % )", "1.53% ( 1.53 % )", "0.91% ( 0.91 % )" ], [ "expected life ( years )", "3.0", "3.0", "3.0" ], [ "grant date fair value per share", "$ 73.62", "$ 72.81", "$ 77.16" ] ]

[ { "arg1": "73.62", "arg2": "72.81", "op": "minus2-1", "res": "0.81" }, { "arg1": "#0", "arg2": "72.81", "op": "divide2-2", "res": "1.1%" } ]

[ "notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners .", "one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 .", "the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 ." ]

[ "vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company .", "the company purchases these raw material components directly from suppliers .", "these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively .", "the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales .", "derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk .", "foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales .", "the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments .", "the company records all derivatives on the balance sheet at fair value. ." ]

[ [ "", "September 29, 2007", "September 30, 2006", "September 24, 2005" ], [ "Beginning allowance balance", "$52", "$46", "$47" ], [ "Charged to costs and expenses", "12", "17", "8" ], [ "Deductions", "(17)", "(11)", "(9)" ], [ "Ending allowance balance", "$47", "$52", "$46" ] ]

[ [ "", "september 29 2007", "september 30 2006", "september 24 2005" ], [ "beginning allowance balance", "$ 52", "$ 46", "$ 47" ], [ "charged to costs and expenses", "12", "17", "8" ], [ "deductions", "-17 ( 17 )", "-11 ( 11 )", "-9 ( 9 )" ], [ "ending allowance balance", "$ 47", "$ 52", "$ 46" ] ]

[]

[ "item 2 : properties information concerning applied 2019s properties is set forth below: ." ]

[ "because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country .", "the company 2019s headquarters offices are in santa clara , california .", "products in semiconductor systems are manufactured in santa clara , california ; austin , texas ; gloucester , massachusetts ; kalispell , montana ; rehovot , israel ; and singapore .", "remanufactured equipment products in the applied global services segment are produced primarily in austin , texas .", "products in the display and adjacent markets segment are manufactured in alzenau , germany and tainan , taiwan .", "other products are manufactured in treviso , italy .", "applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan .", "these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support .", "applied also owns a total of approximately 269 acres of buildable land in montana , texas , california , israel and italy that could accommodate additional building space .", "applied considers the properties that it owns or leases as adequate to meet its current and future requirements .", "applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. ." ]

[ [ "(Square feet in thousands)", "United States", "Other Countries", "Total" ], [ "Owned", "4,530", "2,417", "6,947" ], [ "Leased", "1,037", "1,341", "2,378" ], [ "Total", "5,567", "3,758", "9,325" ] ]

[ [ "( square feet in thousands )", "united states", "other countries", "total" ], [ "owned", "4530", "2417", "6947" ], [ "leased", "1037", "1341", "2378" ], [ "total", "5567", "3758", "9325" ] ]

[]

[ "management 2019s discussion and analysis of financial condition and results of operations 82 fifth third bancorp to 100 million shares of its outstanding common stock in the open market or in privately negotiated transactions , and to utilize any derivative or similar instrument to affect share repurchase transactions .", "this share repurchase authorization replaced the board 2019s previous authorization .", "on may 21 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 25035519 shares , or approximately $ 539 million , of its outstanding common stock on may 24 , 2013 .", "the bancorp repurchased the shares of its common stock as part of its 100 million share repurchase program previously announced on march 19 , 2013 .", "at settlement of the forward contract on october 1 , 2013 , the bancorp received an additional 4270250 shares which were recorded as an adjustment to the basis in the treasury shares purchased on the acquisition date .", "on november 13 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 8538423 shares , or approximately $ 200 million , of its outstanding common stock on november 18 , 2013 .", "the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 .", "the bancorp expects the settlement of the transaction to occur on or before february 28 , 2014 .", "on december 10 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 19084195 shares , or approximately $ 456 million , of its outstanding common stock on december 13 , 2013 .", "the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 .", "the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 .", "on january 28 , 2014 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 3950705 shares , or approximately $ 99 million , of its outstanding common stock on january 31 , 2014 .", "the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 .", "the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 .", "table 61 : share repurchases ." ]

[ "( a ) in march 2013 , the bancorp announced that its board of directors had authorized management to purchase 100 million shares of the bancorp 2019s common stock through the open market or in any private transaction .", "the authorization does not include specific price targets or an expiration date .", "this share repurchase authorization replaces the board 2019s previous authorization pursuant to which approximately 54 million shares remained available for repurchase by the bancorp .", "( b ) excludes 1863097 , 2059003 and 1164254 shares repurchased during 2013 , 2012 , and 2011 , respectively , in connection with various employee compensation plans .", "these repurchases are not included in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the board of directors 2019 authorization .", "stress tests and ccar the frb issued guidelines known as ccar , which provide a common , conservative approach to ensure bhcs , including the bancorp , hold adequate capital to maintain ready access to funding , continue operations and meet their obligations to creditors and counterparties , and continue to serve as credit intermediaries , even in adverse conditions .", "the ccar process requires the submission of a comprehensive capital plan that assumes a minimum planning horizon of nine quarters under various economic scenarios .", "the mandatory elements of the capital plan are an assessment of the expected use and sources of capital over the planning horizon , a description of all planned capital actions over the planning horizon , a discussion of any expected changes to the bancorp 2019s business plan that are likely to have a material impact on its capital adequacy or liquidity , a detailed description of the bancorp 2019s process for assessing capital adequacy and the bancorp 2019s capital policy .", "the capital plan must reflect the revised capital framework that the frb adopted in connection with the implementation of the basel iii accord , including the framework 2019s minimum regulatory capital ratios and transition arrangements .", "the frb 2019s review of the capital plan will assess the comprehensiveness of the capital plan , the reasonableness of the assumptions and the analysis underlying the capital plan .", "additionally , the frb reviews the robustness of the capital adequacy process , the capital policy and the bancorp 2019s ability to maintain capital above the minimum regulatory capital ratios as they transition to basel iii and above a basel i tier 1 common ratio of 5 percent under baseline and stressful conditions throughout a nine- quarter planning horizon .", "the frb issued stress testing rules that implement section 165 ( i ) ( 1 ) and ( i ) ( 2 ) of the dfa .", "large bhcs , including the bancorp , are subject to the final stress testing rules .", "the rules require both supervisory and company-run stress tests , which provide forward- looking information to supervisors to help assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic conditions .", "in march of 2013 , the frb announced it had completed the 2013 ccar .", "for bhcs that proposed capital distributions in their plan , the frb either objected to the plan or provided a non- objection whereby the frb concurred with the proposed 2013 capital distributions .", "the frb indicated to the bancorp that it did not object to the following proposed capital actions for the period beginning april 1 , 2013 and ending march 31 , 2014 : f0b7 increase in the quarterly common stock dividend to $ 0.12 per share ; f0b7 repurchase of up to $ 750 million in trups subject to the determination of a regulatory capital event and replacement with the issuance of a similar amount of tier ii-qualifying subordinated debt ; f0b7 conversion of the $ 398 million in outstanding series g 8.5% ( 8.5 % ) convertible preferred stock into approximately 35.5 million common shares issued to the holders .", "if this conversion were to occur , the bancorp would intend to repurchase common shares equivalent to those issued in the conversion up to $ 550 million in market value , and issue $ 550 million in preferred stock; ." ]

[ [ "For the years ended December 31", "2013", "2012", "2011" ], [ "Shares authorized for repurchase at January 1", "63,046,682", "19,201,518", "19,201,518" ], [ "Additional authorizations<i>^(a)</i>", "45,541,057", "86,269,178", "-" ], [ "Share repurchases<i>^(b)</i>", "(65,516,126)", "(42,424,014)", "-" ], [ "Shares authorized for repurchase at December 31", "43,071,613", "63,046,682", "19,201,518" ], [ "Average price paid per share", "$18.80", "$14.82", "N/A" ] ]

[ [ "for the years ended december 31", "2013", "2012", "2011" ], [ "shares authorized for repurchase at january 1", "63046682", "19201518", "19201518" ], [ "additional authorizations ( a )", "45541057", "86269178", "-" ], [ "share repurchases ( b )", "-65516126 ( 65516126 )", "-42424014 ( 42424014 )", "-" ], [ "shares authorized for repurchase at december 31", "43071613", "63046682", "19201518" ], [ "average price paid per share", "$ 18.80", "$ 14.82", "n/a" ] ]

[ { "arg1": "18.80", "arg2": "43071613", "op": "multiply2-1", "res": "809746324.4" }, { "arg1": "#0", "arg2": "const_1000000", "op": "divide2-2", "res": "809.7" } ]

[ "management 2019s discussion and analysis 126 jpmorgan chase & co./2014 annual report while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure .", "to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) .", "these measures all incorporate netting and collateral benefits , where applicable .", "peak exposure to a counterparty is an extreme measure of exposure calculated at a 97.5% ( 97.5 % ) confidence level .", "dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures .", "the measurement is done by equating the unexpected loss in a derivative counterparty exposure ( which takes into consideration both the loss volatility and the credit rating of the counterparty ) with the unexpected loss in a loan exposure ( which takes into consideration only the credit rating of the counterparty ) .", "dre is a less extreme measure of potential credit loss than peak and is the primary measure used by the firm for credit approval of derivative transactions .", "finally , avg is a measure of the expected fair value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral .", "avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the cva , as further described below .", "the three year avg exposure was $ 37.5 billion and $ 35.4 billion at december 31 , 2014 and 2013 , respectively , compared with derivative receivables , net of all collateral , of $ 59.4 billion and $ 51.3 billion at december 31 , 2014 and 2013 , respectively .", "the fair value of the firm 2019s derivative receivables incorporates an adjustment , the cva , to reflect the credit quality of counterparties .", "the cva is based on the firm 2019s avg to a counterparty and the counterparty 2019s credit spread in the credit derivatives market .", "the primary components of changes in cva are credit spreads , new deal activity or unwinds , and changes in the underlying market environment .", "the firm believes that active risk management is essential to controlling the dynamic credit risk in the derivatives portfolio .", "in addition , the firm 2019s risk management process takes into consideration the potential impact of wrong-way risk , which is broadly defined as the potential for increased correlation between the firm 2019s exposure to a counterparty ( avg ) and the counterparty 2019s credit quality .", "many factors may influence the nature and magnitude of these correlations over time .", "to the extent that these correlations are identified , the firm may adjust the cva associated with that counterparty 2019s avg .", "the firm risk manages exposure to changes in cva by entering into credit derivative transactions , as well as interest rate , foreign exchange , equity and commodity derivative transactions .", "the accompanying graph shows exposure profiles to the firm 2019s current derivatives portfolio over the next 10 years as calculated by the dre and avg metrics .", "the two measures generally show that exposure will decline after the first year , if no new trades are added to the portfolio .", "the following table summarizes the ratings profile by derivative counterparty of the firm 2019s derivative receivables , including credit derivatives , net of other liquid securities collateral , for the dates indicated .", "the ratings scale is based on the firm 2019s internal ratings , which generally correspond to the ratings as defined by s&p and moody 2019s .", "ratings profile of derivative receivables rating equivalent 2014 2013 ( a ) december 31 , ( in millions , except ratios ) exposure net of all collateral % ( % ) of exposure net of all collateral exposure net of all collateral % ( % ) of exposure net of all collateral ." ]

[ "( a ) the prior period amounts have been revised to conform with the current period presentation. ." ]

[ [ "Rating equivalent", "2014", "2013^(a)" ], [ "December 31,(in millions, except ratios)", "Exposure net of all collateral", "% of exposure net of all collateral", "Exposure net of all collateral", "% of exposure net of all collateral" ], [ "AAA/Aaa to AA-/Aa3", "$19,202", "32%", "$12,953", "25%" ], [ "A+/A1 to A-/A3", "13,940", "24", "12,930", "25" ], [ "BBB+/Baa1 to BBB-/Baa3", "19,008", "32", "15,220", "30" ], [ "BB+/Ba1 to B-/B3", "6,384", "11", "6,806", "13" ], [ "CCC+/Caa1 and below", "837", "1", "3,415", "7" ], [ "Total", "$59,371", "100%", "$51,324", "100%" ] ]

[ [ "rating equivalent december 31 ( in millions except ratios )", "rating equivalent exposure net of all collateral", "rating equivalent % ( % ) of exposure net of all collateral", "exposure net of all collateral", "% ( % ) of exposure net of all collateral" ], [ "aaa/aaa to aa-/aa3", "$ 19202", "32% ( 32 % )", "$ 12953", "25% ( 25 % )" ], [ "a+/a1 to a-/a3", "13940", "24", "12930", "25" ], [ "bbb+/baa1 to bbb-/baa3", "19008", "32", "15220", "30" ], [ "bb+/ba1 to b-/b3", "6384", "11", "6806", "13" ], [ "ccc+/caa1 and below", "837", "1", "3415", "7" ], [ "total", "$ 59371", "100% ( 100 % )", "$ 51324", "100% ( 100 % )" ] ]

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[ "from time to time , we may elect to use foreign currency forward contracts to reduce the risk from exchange rate fluctuations on intercompany transactions and projected inventory purchases for our european and canadian subsidiaries .", "in addition , we may elect to enter into foreign currency forward contracts to reduce the risk associated with foreign currency exchange rate fluctuations on pound sterling denominated balance sheet items .", "we do not enter into derivative financial instruments for speculative or trading purposes .", "based on the foreign currency forward contracts outstanding as of december 31 , 2011 , we receive u.s .", "dollars in exchange for canadian dollars at a weighted average contractual forward foreign currency exchange rate of 1.03 cad per $ 1.00 , u.s .", "dollars in exchange for euros at a weighted average contractual foreign currency exchange rate of 20ac0.77 per $ 1.00 and euros in exchange for pounds sterling at a weighted average contractual foreign currency exchange rate of a30.84 per 20ac1.00 .", "as of december 31 , 2011 , the notional value of our outstanding foreign currency forward contracts for our canadian subsidiary was $ 51.1 million with contract maturities of 1 month or less , and the notional value of our outstanding foreign currency forward contracts for our european subsidiary was $ 50.0 million with contract maturities of 1 month .", "as of december 31 , 2011 , the notional value of our outstanding foreign currency forward contract used to mitigate the foreign currency exchange rate fluctuations on pound sterling denominated balance sheet items was 20ac10.5 million , or $ 13.6 million , with a contract maturity of 1 month .", "the foreign currency forward contracts are not designated as cash flow hedges , and accordingly , changes in their fair value are recorded in other expense , net on the consolidated statements of income .", "the fair values of our foreign currency forward contracts were liabilities of $ 0.7 million and $ 0.6 million as of december 31 , 2011 and 2010 , respectively , and were included in accrued expenses on the consolidated balance sheet .", "refer to note 10 to the consolidated financial statements for a discussion of the fair value measurements .", "included in other expense , net were the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts: ." ]

[ "we enter into foreign currency forward contracts with major financial institutions with investment grade credit ratings and are exposed to credit losses in the event of non-performance by these financial institutions .", "this credit risk is generally limited to the unrealized gains in the foreign currency forward contracts .", "however , we monitor the credit quality of these financial institutions and consider the risk of counterparty default to be minimal .", "although we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows , we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations .", "inflation inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results .", "although we do not believe that inflation has had a material impact on our financial position or results of operations to date , a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling , general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs. ." ]

[ [ "Year Ended December 31,", "" ], [ "<i>(In thousands)</i>", "2011", "2010", "2009" ], [ "Unrealized foreign currency exchange rate gains (losses)", "$(4,027)", "$(1,280)", "$5,222" ], [ "Realized foreign currency exchange rate gains (losses)", "298", "(2,638)", "(261)" ], [ "Unrealized derivative losses", "(31)", "(809)", "(1,060)" ], [ "Realized derivative gains (losses)", "1,696", "3,549", "(4,412)" ] ]

[ [ "year ended december 31 , ( in thousands )", "year ended december 31 , 2011", "year ended december 31 , 2010", "2009" ], [ "unrealized foreign currency exchange rate gains ( losses )", "$ -4027 ( 4027 )", "$ -1280 ( 1280 )", "$ 5222" ], [ "realized foreign currency exchange rate gains ( losses )", "298", "-2638 ( 2638 )", "-261 ( 261 )" ], [ "unrealized derivative losses", "-31 ( 31 )", "-809 ( 809 )", "-1060 ( 1060 )" ], [ "realized derivative gains ( losses )", "1696", "3549", "-4412 ( 4412 )" ] ]

[ { "arg1": "0.7", "arg2": "0.6", "op": "minus2-1", "res": "0.1" }, { "arg1": "#0", "arg2": "0.6", "op": "divide2-2", "res": "16.7%" } ]

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

[ "note : amounts set forth in the table above are presented on an average basis .", "as set forth in the table above , citi 2019s lcr increased year- over-year , as the increase in the hqla ( as discussed above ) more than offset an increase in modeled net outflows .", "the increase in modeled net outflows was primarily driven by changes in assumptions , including changes in methodology to better align citi 2019s outflow assumptions with those embedded in its resolution planning .", "sequentially , citi 2019s lcr remained unchanged .", "long-term liquidity measurement : net stable funding ratio ( nsfr ) in 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement .", "the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules .", "in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level .", "a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments .", "prescribed factors would be required to be applied to the various categories of asset and liabilities classes .", "the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) .", "while citi believes that it is compliant with the proposed u.s .", "nsfr rules as of december 31 , 2017 , it will need to evaluate a final version of the rules , which are expected to be released during 2018 .", "citi expects that the nsfr final rules implementation period will be communicated along with the final version of the rules. ." ]

[ [ "In billions of dollars", "Dec. 31, 2017", "Sept. 30, 2017", "Dec. 31, 2016" ], [ "HQLA", "$446.4", "$448.6", "$403.7" ], [ "Net outflows", "364.3", "365.1", "332.5" ], [ "LCR", "123%", "123%", "121%" ], [ "HQLA in excess of net outflows", "$82.1", "$83.5", "$71.3" ] ]

[ [ "in billions of dollars", "dec . 31 2017", "sept . 30 2017", "dec . 31 2016" ], [ "hqla", "$ 446.4", "$ 448.6", "$ 403.7" ], [ "net outflows", "364.3", "365.1", "332.5" ], [ "lcr", "123% ( 123 % )", "123% ( 123 % )", "121% ( 121 % )" ], [ "hqla in excess of net outflows", "$ 82.1", "$ 83.5", "$ 71.3" ] ]

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[ "valuation techniques 2013 cash equivalents are mostly comprised of short-term money-market instruments and are valued at cost , which approximates fair value .", "u.s .", "equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .", "for u.s .", "equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .", "these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager .", "commingled equity funds categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .", "for commingled equity funds not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager .", "these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor .", "fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers or quoted prices of securities with similar characteristics .", "fixed income investments are categorized as level 3 when valuations using observable inputs are unavailable .", "the trustee typically obtains pricing based on indicative quotes or bid evaluations from vendors , brokers or the investment manager .", "in addition , certain other fixed income investments categorized as level 3 are valued using a discounted cash flow approach .", "significant inputs include projected annuity payments and the discount rate applied to those payments .", "certain commingled equity funds , consisting of equity mutual funds , are valued using the nav .", "the nav valuations are based on the underlying investments and typically redeemable within 90 days .", "private equity funds consist of partnership and co-investment funds .", "the nav is based on valuation models of the underlying securities , which includes unobservable inputs that cannot be corroborated using verifiable observable market data .", "these funds typically have redemption periods between eight and 12 years .", "real estate funds consist of partnerships , most of which are closed-end funds , for which the nav is based on valuation models and periodic appraisals .", "these funds typically have redemption periods between eight and 10 years .", "hedge funds consist of direct hedge funds for which the nav is generally based on the valuation of the underlying investments .", "redemptions in hedge funds are based on the specific terms of each fund , and generally range from a minimum of one month to several months .", "contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules .", "we made contributions of $ 5.0 billion to our qualified defined benefit pension plans in 2018 , including required and discretionary contributions .", "as a result of these contributions , we do not expect to make contributions to our qualified defined benefit pension plans in 2019 .", "the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2018 ( in millions ) : ." ]

[ "defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees .", "under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents .", "our contributions were $ 658 million in 2018 , $ 613 million in 2017 and $ 617 million in 2016 , the majority of which were funded using our common stock .", "our defined contribution plans held approximately 33.3 million and 35.5 million shares of our common stock as of december 31 , 2018 and 2017. ." ]

[ [ "", "2019", "2020", "2021", "2022", "2023", "2024 – 2028" ], [ "Qualified defined benefit pension plans", "$2,350", "$2,390", "$2,470", "$2,550", "$2,610", "$13,670" ], [ "Retiree medical and life insurance plans", "170", "180", "180", "180", "170", "810" ] ]

[ [ "", "2019", "2020", "2021", "2022", "2023", "2024 2013 2028" ], [ "qualified defined benefit pension plans", "$ 2350", "$ 2390", "$ 2470", "$ 2550", "$ 2610", "$ 13670" ], [ "retiree medical and life insurance plans", "170", "180", "180", "180", "170", "810" ] ]

[ { "arg1": "613", "arg2": "617", "op": "minus2-1", "res": "-4" }, { "arg1": "#0", "arg2": "617", "op": "divide2-2", "res": "-0.6%" } ]

[ "consist of first and second liens , the charge-off amounts for the pool are proportionate to the composition of first and second liens in the pool .", "our experience has been that the ratio of first to second lien loans has been consistent over time and is appropriately represented in our pools used for roll-rate calculations .", "generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20 year amortization term .", "during the draw period , we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest .", "based upon outstanding balances at december 31 , 2012 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end .", "table 39 : home equity lines of credit 2013 draw period end in millions interest product principal interest product ." ]

[ "( a ) includes approximately $ 166 million , $ 208 million , $ 213 million , $ 61 million , $ 70 million and $ 526 million of home equity lines of credit with balloon payments with draw periods scheduled to end in 2013 , 2014 , 2015 , 2016 , 2017 and 2018 and thereafter , respectively .", "we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments .", "based upon outstanding balances , and excluding purchased impaired loans , at december 31 , 2012 , for home equity lines of credit for which the borrower can no longer draw ( e.g. , draw period has ended or borrowing privileges have been terminated ) , approximately 3.86% ( 3.86 % ) were 30-89 days past due and approximately 5.96% ( 5.96 % ) were greater than or equal to 90 days past due .", "generally , when a borrower becomes 60 days past due , we terminate borrowing privileges , and those privileges are not subsequently reinstated .", "at that point , we continue our collection/recovery processes , which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr .", "see note 5 asset quality in the notes to consolidated financial statements in item 8 of this report for additional information .", "loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure , where appropriate .", "initially , a borrower is evaluated for a modification under a government program .", "if a borrower does not qualify under a government program , the borrower is then evaluated under a pnc program .", "our programs utilize both temporary and permanent modifications and typically reduce the interest rate , extend the term and/or defer principal .", "temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs .", "further , certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs .", "additional detail on tdrs is discussed below as well as in note 5 asset quality in the notes to consolidated financial statements in item 8 of this report .", "a temporary modification , with a term between three and 60 months , involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date .", "a permanent modification , with a term greater than 60 months , is a modification in which the terms of the original loan are changed .", "permanent modifications primarily include the government-created home affordable modification program ( hamp ) or pnc-developed hamp-like modification programs .", "for consumer loan programs , such as residential mortgages and home equity loans and lines , we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance .", "examples of this situation often include delinquency due to illness or death in the family , or a loss of employment .", "permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount , but our expectation is that payments at lower amounts can be made .", "residential mortgage and home equity loans and lines have been modified with changes in terms for up to 60 months , although the majority involve periods of three to 24 months .", "we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses .", "the following tables provide the number of accounts and unpaid principal balance of modified consumer real estate related loans as well as the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months , nine months , twelve months and fifteen months after the modification date .", "the pnc financial services group , inc .", "2013 form 10-k 91 ." ]

[ [ "In millions", "InterestOnlyProduct", "PrincipalandInterestProduct" ], [ "2013", "$1,338", "$221" ], [ "2014", "2,048", "475" ], [ "2015", "2,024", "654" ], [ "2016", "1,571", "504" ], [ "2017", "3,075", "697" ], [ "2018 and thereafter", "5,497", "4,825" ], [ "Total (a)", "$15,553", "$7,376" ] ]

[ [ "in millions", "interestonlyproduct", "principalandinterestproduct" ], [ "2013", "$ 1338", "$ 221" ], [ "2014", "2048", "475" ], [ "2015", "2024", "654" ], [ "2016", "1571", "504" ], [ "2017", "3075", "697" ], [ "2018 and thereafter", "5497", "4825" ], [ "total ( a )", "$ 15553", "$ 7376" ] ]

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[ "agreements associated with the agency securitizations , most sale agreements do not provide for penalties or other remedies if we do not respond timely to investor indemnification or repurchase requests .", "origination and sale of residential mortgages is an ongoing business activity and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements .", "we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages and home equity loans/lines for which indemnification is expected to be provided or for loans that are expected to be repurchased .", "for the first and second-lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made and our estimate of future claims on a loan by loan basis .", "these relate primarily to loans originated during 2006-2008 .", "for the home equity loans/lines sold portfolio , we have established indemnification and repurchase liabilities based upon this same methodology for loans sold during 2005-2007 .", "indemnification and repurchase liabilities are initially recognized when loans are sold to investors and are subsequently evaluated by management .", "initial recognition and subsequent adjustments to the indemnification and repurchase liability for the sold residential mortgage portfolio are recognized in residential mortgage revenue on the consolidated income statement .", "since pnc is no longer engaged in the brokered home equity lending business , only subsequent adjustments are recognized to the home equity loans/lines indemnification and repurchase liability .", "these adjustments are recognized in other noninterest income on the consolidated income statement .", "management 2019s subsequent evaluation of these indemnification and repurchase liabilities is based upon trends in indemnification and repurchase requests , actual loss experience , risks in the underlying serviced loan portfolios , and current economic conditions .", "as part of its evaluation , management considers estimated loss projections over the life of the subject loan portfolio .", "at december 31 , 2011 and december 31 , 2010 , the total indemnification and repurchase liability for estimated losses on indemnification and repurchase claims totaled $ 130 million and $ 294 million , respectively , and was included in other liabilities on the consolidated balance sheet .", "an analysis of the changes in this liability during 2011 and 2010 follows : analysis of indemnification and repurchase liability for asserted claims and unasserted claims ." ]

[ "( a ) repurchase obligation associated with sold loan portfolios of $ 121.4 billion and $ 139.8 billion at december 31 , 2011 and december 31 , 2010 , respectively .", "( b ) repurchase obligation associated with sold loan portfolios of $ 4.5 billion and $ 6.5 billion at december 31 , 2011 and december 31 , 2010 , respectively .", "pnc is no longer engaged in the brokered home equity lending business , which was acquired with national city .", "management believes our indemnification and repurchase liabilities appropriately reflect the estimated probable losses on investor indemnification and repurchase claims at december 31 , 2011 and 2010 .", "while management seeks to obtain all relevant information in estimating the indemnification and repurchase liability , the estimation process is inherently uncertain and imprecise and , accordingly , it is reasonably possible that future indemnification and repurchase losses could be more or less than our established liability .", "factors that could affect our estimate include the volume of valid claims driven by investor strategies and behavior , our ability to successfully negotiate claims with investors , housing prices , and other economic conditions .", "at december 31 , 2011 , we estimate that it is reasonably possible that we could incur additional losses in excess of our indemnification and repurchase liability of up to $ 85 million .", "this estimate of potential additional losses in excess of our liability is based on assumed higher investor demands , lower claim rescissions , and lower home prices than our current assumptions .", "reinsurance agreements we have two wholly-owned captive insurance subsidiaries which provide reinsurance to third-party insurers related to insurance sold to our customers .", "these subsidiaries enter into various types of reinsurance agreements with third-party insurers where the subsidiary assumes the risk of loss through either an excess of loss or quota share agreement up to 100% ( 100 % ) reinsurance .", "in excess of loss agreements , these subsidiaries assume the risk of loss for an excess layer of coverage up to specified limits , once a defined first loss percentage is met .", "in quota share agreements , the subsidiaries and third-party insurers share the responsibility for payment of all claims .", "these subsidiaries provide reinsurance for accidental death & dismemberment , credit life , accident & health , lender placed 200 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ [ "", "2011", "2010" ], [ "In millions", "Residential Mortgages (a)", "Home Equity Loans/Lines (b)", "Total", "Residential Mortgages (a)", "Home Equity Loans/Lines (b)", "Total" ], [ "January 1", "$144", "$150", "$294", "$229", "$41", "$270" ], [ "Reserve adjustments, net", "102", "4", "106", "120", "144", "264" ], [ "Losses – loan repurchases and settlements", "(163)", "(107)", "(270)", "(205)", "(35)", "(240)" ], [ "December 31", "$83", "$47", "$130", "$144", "$150", "$294" ] ]

[ [ "in millions", "2011 residential mortgages ( a )", "2011 home equity loans/lines ( b )", "2011 total", "2011 residential mortgages ( a )", "2011 home equity loans/lines ( b )", "total" ], [ "january 1", "$ 144", "$ 150", "$ 294", "$ 229", "$ 41", "$ 270" ], [ "reserve adjustments net", "102", "4", "106", "120", "144", "264" ], [ "losses 2013 loan repurchases and settlements", "-163 ( 163 )", "-107 ( 107 )", "-270 ( 270 )", "-205 ( 205 )", "-35 ( 35 )", "-240 ( 240 )" ], [ "december 31", "$ 83", "$ 47", "$ 130", "$ 144", "$ 150", "$ 294" ] ]

[]

[ "( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .", "we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .", "our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .", "we operate in two business segments : rental and management and network development services .", "for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .", "products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .", "this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .", "our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .", "wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .", "we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .", "in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .", "approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .", "as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .", "mexico .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .", "brazil .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .", "india .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "200 initial-phase coverage ( operations established in the second half of 2007 ) .", "we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .", "paging and fixed microwave .", "our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .", "our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .", "for the year ended december 31 ." ]

[ "( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .", "we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .", "our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .", "we operate in two business segments : rental and management and network development services .", "for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .", "products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .", "this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .", "our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .", "wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .", "we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .", "in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .", "approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .", "as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .", "mexico .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .", "brazil .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .", "india .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "200 initial-phase coverage ( operations established in the second half of 2007 ) .", "we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .", "paging and fixed microwave .", "our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .", "our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .", "for the year ended december 31 ." ]

[ [ "Country", "Number of Owned Sites (approx)", "Coverage Area" ], [ "United States", "19,400", "Coverage spans 49 states and the District of Columbia; 90% of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors." ], [ "Mexico", "2,500", "Coverage primarily concentrated in highly populated areas, including Mexico City, Monterrey, Guadalajara and Acapulco." ], [ "Brazil", "1,100", "Coverage primarily concentrated in major metropolitan areas in central and southern Brazil, including Sao Paulo, Rio de Janeiro, Brasilia and Curitiba." ], [ "India", "200", "Initial-phase coverage (operations established in the second half of 2007)." ] ]

[ [ "country", "number of owned sites ( approx )", "coverage area" ], [ "united states", "19400", "coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors ." ], [ "mexico", "2500", "coverage primarily concentrated in highly populated areas including mexico city monterrey guadalajara and acapulco ." ], [ "brazil", "1100", "coverage primarily concentrated in major metropolitan areas in central and southern brazil including sao paulo rio de janeiro brasilia and curitiba ." ], [ "india", "200", "initial-phase coverage ( operations established in the second half of 2007 ) ." ] ]

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[ "$ 43.3 million in 2011 compared to $ 34.1 million in 2010 .", "the retail segment represented 13% ( 13 % ) and 15% ( 15 % ) of the company 2019s total net sales in 2011 and 2010 , respectively .", "the retail segment 2019s operating income was $ 4.7 billion , $ 3.2 billion , and $ 2.3 billion during 2012 , 2011 , and 2010 respectively .", "these year-over-year increases in retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years .", "gross margin gross margin for 2012 , 2011 and 2010 are as follows ( in millions , except gross margin percentages ) : ." ]

[ "the gross margin percentage in 2012 was 43.9% ( 43.9 % ) , compared to 40.5% ( 40.5 % ) in 2011 .", "this year-over-year increase in gross margin was largely driven by lower commodity and other product costs , a higher mix of iphone sales , and improved leverage on fixed costs from higher net sales .", "the increase in gross margin was partially offset by the impact of a stronger u.s .", "dollar .", "the gross margin percentage during the first half of 2012 was 45.9% ( 45.9 % ) compared to 41.4% ( 41.4 % ) during the second half of 2012 .", "the primary drivers of higher gross margin in the first half of 2012 compared to the second half are a higher mix of iphone sales and improved leverage on fixed costs from higher net sales .", "additionally , gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers , price reductions on certain existing products , higher transition costs associated with product launches , and continued strengthening of the u.s .", "dollar ; partially offset by lower commodity costs .", "the gross margin percentage in 2011 was 40.5% ( 40.5 % ) , compared to 39.4% ( 39.4 % ) in 2010 .", "this year-over-year increase in gross margin was largely driven by lower commodity and other product costs .", "the company expects to experience decreases in its gross margin percentage in future periods , as compared to levels achieved during 2012 , and the company anticipates gross margin of about 36% ( 36 % ) during the first quarter of 2013 .", "expected future declines in gross margin are largely due to a higher mix of new and innovative products with flat or reduced pricing that have higher cost structures and deliver greater value to customers and anticipated component cost and other cost increases .", "future strengthening of the u.s .", "dollar could further negatively impact gross margin .", "the foregoing statements regarding the company 2019s expected gross margin percentage in future periods , including the first quarter of 2013 , are forward-looking and could differ from actual results because of several factors including , but not limited to those set forth above in part i , item 1a of this form 10-k under the heading 201crisk factors 201d and those described in this paragraph .", "in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global product pricing pressures , increased competition , compressed product life cycles , product transitions and potential increases in the cost of components , as well as potential increases in the costs of outside manufacturing services and a potential shift in the company 2019s sales mix towards products with lower gross margins .", "in response to competitive pressures , the company expects it will continue to take product pricing actions , which would adversely affect gross margins .", "gross margins could also be affected by the company 2019s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products .", "due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. ." ]

[ [ "", "2012", "2011", "2010" ], [ "Net sales", "$156,508", "$108,249", "$65,225" ], [ "Cost of sales", "87,846", "64,431", "39,541" ], [ "Gross margin", "$68,662", "$43,818", "$25,684" ], [ "Gross margin percentage", "43.9%", "40.5%", "39.4%" ] ]

[ [ "", "2012", "2011", "2010" ], [ "net sales", "$ 156508", "$ 108249", "$ 65225" ], [ "cost of sales", "87846", "64431", "39541" ], [ "gross margin", "$ 68662", "$ 43818", "$ 25684" ], [ "gross margin percentage", "43.9% ( 43.9 % )", "40.5% ( 40.5 % )", "39.4% ( 39.4 % )" ] ]

[]

[ "equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2018 .", "equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 399165 $ 0.00 3995600 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 ." ]

[ "( 1 ) includes grants made under the huntington ingalls industries , inc .", "2012 long-term incentive stock plan ( the \"2012 plan\" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .", "2011 long-term incentive stock plan ( the \"2011 plan\" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .", "of these shares , 27123 were stock rights granted under the 2011 plan .", "in addition , this number includes 31697 stock rights , 5051 restricted stock rights , and 335293 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .", "( 2 ) there are no awards made under plans not approved by security holders .", "item 13 .", "certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year .", "item 14 .", "principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. ." ]

[ [ "Plan category", "Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights⁽¹⁾ (a)(b)", "Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights", "Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c)" ], [ "Equity compensation plans approved by security holders", "399,165", "$0.00", "3,995,600" ], [ "Equity compensation plans not approved by security holders⁽²⁾", "—", "—", "—" ], [ "Total", "399,165", "$0.00", "3,995,600" ] ]

[ [ "plan category", "number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )", "weighted-average exercise price of outstanding optionswarrants and rights", "number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )" ], [ "equity compensation plans approved by security holders", "399165", "$ 0.00", "3995600" ], [ "equity compensation plans not approved by security holders ( 2 )", "2014", "2014", "2014" ], [ "total", "399165", "$ 0.00", "3995600" ] ]

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

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

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

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

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[ "part i item 1 .", "business our company founded in 1886 , american water works company , inc .", "( the 201ccompany 201d or 201camerican water 201d ) is a holding company incorporated in delaware .", "american water is the largest and most geographically diverse investor owned publicly-traded united states water and wastewater utility company , as measured by both operating revenues and population served .", "we employ approximately 6700 professionals who provide drinking water , wastewater and other related services to an estimated 15 million people in 47 states , the district of columbia and ontario , canada .", "operating segments we conduct our business primarily through our regulated businesses segment .", "we also operate several market-based businesses that provide a broad range of related and complementary water and wastewater services , which include four operating segments that individually do not meet the criteria of a reportable segment in accordance with generally accepted accounting principles in the united states ( 201cgaap 201d ) .", "these four non- reportable operating segments are collectively presented as our 201cmarket-based businesses , 201d which is consistent with how management assesses the results of these businesses .", "additional information can be found in item 7 2014management 2019s discussion and analysis of financial condition and results of operations and note 19 2014segment information in the notes to consolidated financial statements .", "regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers .", "our subsidiaries that provide these services operate in approximately 1600 communities in 16 states in the united states and are generally subject to regulation by certain state commissions or other entities engaged in utility regulation , referred to as public utility commissions or ( 201cpucs 201d ) .", "the federal and state governments also regulate environmental , health and safety , and water quality matters .", "we report the results of the services provided by our utilities in our regulated businesses segment .", "our regulated businesses segment 2019s operating revenues were $ 2743 million for 2015 , $ 2674 million for 2014 and $ 2594 million for 2013 , accounting for 86.8% ( 86.8 % ) , 88.8% ( 88.8 % ) and 90.1% ( 90.1 % ) , respectively , of total operating revenues for the same periods .", "the following table summarizes our regulated businesses 2019 operating revenues , number of customers and estimated population served by state , each as of december 31 , 2015 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total ." ]

[ "( a ) includes illinois-american water company and american lake water company .", "( b ) includes west virginia-american water company and its subsidiary bluefield valley water works company .", "( c ) includes data from our utilities in the following states : georgia , hawaii , iowa , kentucky , maryland , michigan , new york , tennessee and virginia. ." ]

[ [ "", "OperatingRevenues(In millions)", "% of Total", "Number ofCustomers", "% of Total", "EstimatedPopulationServed(In millions)", "% of Total" ], [ "New Jersey", "$704", "25.7%", "660,580", "20.3%", "2.7", "22.3%" ], [ "Pennsylvania", "614", "22.4%", "672,407", "20.7%", "2.3", "19.0%" ], [ "Illinois(a)", "270", "9.8%", "313,058", "9.6%", "1.3", "10.7%" ], [ "Missouri", "269", "9.8%", "473,245", "14.5%", "1.5", "12.4%" ], [ "Indiana", "206", "7.5%", "295,994", "9.1%", "1.3", "10.7%" ], [ "California", "198", "7.2%", "174,942", "5.4%", "0.6", "5.0%" ], [ "West Virginia(b)", "129", "4.7%", "169,037", "5.2%", "0.6", "5.0%" ], [ "Subtotal (Top Seven States)", "2,390", "87.1%", "2,759,263", "84.8%", "10.3", "85.1%" ], [ "Other(c)", "353", "12.9%", "493,428", "15.2%", "1.8", "14.9%" ], [ "Total Regulated Businesses", "$2,743", "100.0%", "3,252,691", "100.0%", "12.1", "100.0%" ] ]

[ [ "new jersey", "operatingrevenues ( in millions ) $ 704", "% ( % ) of total 25.7% ( 25.7 % )", "number ofcustomers 660580", "% ( % ) of total 20.3% ( 20.3 % )", "estimatedpopulationserved ( in millions ) 2.7", "% ( % ) of total 22.3% ( 22.3 % )" ], [ "pennsylvania", "614", "22.4% ( 22.4 % )", "672407", "20.7% ( 20.7 % )", "2.3", "19.0% ( 19.0 % )" ], [ "illinois ( a )", "270", "9.8% ( 9.8 % )", "313058", "9.6% ( 9.6 % )", "1.3", "10.7% ( 10.7 % )" ], [ "missouri", "269", "9.8% ( 9.8 % )", "473245", "14.5% ( 14.5 % )", "1.5", "12.4% ( 12.4 % )" ], [ "indiana", "206", "7.5% ( 7.5 % )", "295994", "9.1% ( 9.1 % )", "1.3", "10.7% ( 10.7 % )" ], [ "california", "198", "7.2% ( 7.2 % )", "174942", "5.4% ( 5.4 % )", "0.6", "5.0% ( 5.0 % )" ], [ "west virginia ( b )", "129", "4.7% ( 4.7 % )", "169037", "5.2% ( 5.2 % )", "0.6", "5.0% ( 5.0 % )" ], [ "subtotal ( top seven states )", "2390", "87.1% ( 87.1 % )", "2759263", "84.8% ( 84.8 % )", "10.3", "85.1% ( 85.1 % )" ], [ "other ( c )", "353", "12.9% ( 12.9 % )", "493428", "15.2% ( 15.2 % )", "1.8", "14.9% ( 14.9 % )" ], [ "total regulated businesses", "$ 2743", "100.0% ( 100.0 % )", "3252691", "100.0% ( 100.0 % )", "12.1", "100.0% ( 100.0 % )" ] ]

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[ "( c ) includes the effects of items not considered in the assessment of the operating performance of our business segments which increased operating profit by $ 230 million , $ 150 million after tax ( $ 0.34 per share ) .", "also includes expenses of $ 16 million , $ 11 million after tax ( $ 0.03 per share ) for a debt exchange , and 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 .", "on a combined basis , these items increased earnings by $ 201 million after tax ( $ 0.45 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 , increased operating profit by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) .", "( e ) includes the effects of items not considered in the assessment of the operating performance of our business segments which decreased operating profit by $ 61 million , $ 54 million after tax ( $ 0.12 per share ) .", "also includes a charge of $ 154 million , $ 100 million after tax ( $ 0.22 per share ) for the early repayment of debt , and a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) .", "on a combined basis , these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) .", "( f ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased operating profit by $ 7 million , $ 6 million after tax ( $ 0.01 per share ) .", "also includes a charge of $ 146 million , $ 96 million after tax ( $ 0.21 per share ) for the early repayment of debt .", "( g ) 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 generally accepted accounting principles , 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 ) 2007 2006 2005 2004 2003 ." ]

[ "1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) .", "2 debt consists of long-term debt , including current maturities of long-term debt , and short-term borrowings ( if any ) .", "3 equity includes non-cash adjustments , primarily for unrecognized benefit plan actuarial losses and prior service costs in 2007 and 2006 , the adjustment for the adoption of fas 158 in 2006 , and the additional minimum pension liability in years prior to 2007 .", "4 average benefit plan adjustments reflect the cumulative value of entries identified in our statement of stockholders equity under the captions 201cpostretirement benefit plans , 201d 201cadjustment for adoption of fas 158 201d and 201cminimum pension liability . 201d the total of annual benefit plan adjustments to equity were : 2007 = $ 1706 million ; 2006 = ( $ 1883 ) million ; 2005 = ( $ 105 ) million ; 2004 = ( $ 285 ) million ; 2003 = $ 331 million ; 2002 = ( $ 1537 million ) ; and 2001 = ( $ 33 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>", "2007", "2006", "2005", "2004", "2003" ], [ "Net earnings", "$3,033", "$2,529", "$1,825", "$1,266", "$1,053" ], [ "Interest expense (multiplied by 65%)¹", "229", "235", "241", "276", "317" ], [ "Return", "$3,262", "$2,764", "$2,066", "$1,542", "$1,370" ], [ "Average debt^{2, 5}", "$4,416", "$4,727", "$5,077", "$5,932", "$6,612" ], [ "Average equity^{3, 5}", "7,661", "7,686", "7,590", "7,015", "6,170" ], [ "Average benefit plan adjustments^{3, 4, 5}", "3,171", "2,006", "1,545", "1,296", "1,504" ], [ "Average invested capital", "$15,248", "$14,419", "$14,212", "$14,243", "$14,286" ], [ "Return on invested capital", "21.4%", "19.2%", "14.5%", "10.8%", "9.6%" ] ]

[ [ "( in millions )", "2007", "2006", "2005", "2004", "2003" ], [ "net earnings", "$ 3033", "$ 2529", "$ 1825", "$ 1266", "$ 1053" ], [ "interest expense ( multiplied by 65% ( 65 % ) ) 1", "229", "235", "241", "276", "317" ], [ "return", "$ 3262", "$ 2764", "$ 2066", "$ 1542", "$ 1370" ], [ "average debt2 5", "$ 4416", "$ 4727", "$ 5077", "$ 5932", "$ 6612" ], [ "average equity3 5", "7661", "7686", "7590", "7015", "6170" ], [ "average benefit plan adjustments3 4 5", "3171", "2006", "1545", "1296", "1504" ], [ "average invested capital", "$ 15248", "$ 14419", "$ 14212", "$ 14243", "$ 14286" ], [ "return on invested capital", "21.4% ( 21.4 % )", "19.2% ( 19.2 % )", "14.5% ( 14.5 % )", "10.8% ( 10.8 % )", "9.6% ( 9.6 % )" ] ]

[ { "arg1": "1266", "arg2": "1053", "op": "minus1-1", "res": "213" }, { "arg1": "#0", "arg2": "1053", "op": "divide1-2", "res": "20.2%" } ]

[ "mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) quoted on the exchange where the fund is traded and are classified as level 1 assets .", "units of pooled funds are valued at the per unit nav determined by the fund manager and are classified as level 2 assets .", "the investments are utilizing nav as a practical expedient for fair value .", "corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings .", "mortgage and asset-backed securities mortgage and asset 2013backed securities are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields , credit ratings , and purpose of the underlying loan .", "real estate pooled funds real estate pooled funds are classified as level 3 assets , as they are carried at the estimated fair value of the underlying properties .", "estimated fair value is calculated utilizing a combination of key inputs , such as revenue and expense growth rates , terminal capitalization rates , and discount rates .", "these key inputs are consistent with practices prevailing within the real estate investment management industry .", "other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments .", "securities and interests classified as level 3 are carried at the estimated fair value of the underlying investments .", "the underlying investments are valued based on bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data , including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity .", "insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value .", "the estimated fair value is based on the fair value of the underlying investment of the insurance company .", "contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2015 were $ 137.5 .", "contributions resulted primarily from an assessment of long-term funding requirements of the plans and tax planning .", "benefit payments to unfunded plans were due primarily to the timing of retirements and cost reduction actions .", "we anticipate contributing $ 100 to $ 120 to the defined benefit pension plans in 2016 .", "these contributions are driven primarily by benefit payments for unfunded plans , which are dependent upon timing of retirements and actions to reorganize the business .", "projected benefit payments , which reflect expected future service , are as follows: ." ]

[ "these estimated benefit payments are based on assumptions about future events .", "actual benefit payments may vary significantly from these estimates. ." ]

[ [ "", "U.S.", "International" ], [ "2016", "$129.0", "$52.0" ], [ "2017", "135.8", "53.5" ], [ "2018", "142.2", "55.3" ], [ "2019", "149.6", "57.5" ], [ "2020", "157.4", "57.8" ], [ "2021–2025", "917.9", "332.3" ] ]

[ [ "", "u.s .", "international" ], [ "2016", "$ 129.0", "$ 52.0" ], [ "2017", "135.8", "53.5" ], [ "2018", "142.2", "55.3" ], [ "2019", "149.6", "57.5" ], [ "2020", "157.4", "57.8" ], [ "2021 20132025", "917.9", "332.3" ] ]

[ { "arg1": "917.9", "arg2": "const_5", "op": "divide2-1", "res": "183.58" }, { "arg1": "#0", "arg2": "157.4", "op": "divide2-2", "res": "1.1663" }, { "arg1": "#1", "arg2": "const_1", "op": "minus2-3", "res": "16.63%" } ]

[ "entergy new orleans , inc .", "and subsidiaries management 2019s financial discussion and analysis entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. ." ]

[ "see note 4 to the financial statements for a description of the money pool .", "entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 .", "the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility .", "as of december 31 , 2016 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility .", "in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso .", "as of december 31 , 2016 , a $ 6.2 million letter of credit was outstanding under entergy new orleans 2019s letter of credit facility .", "see note 4 to the financial statements for additional discussion of the credit facilities .", "entergy new orleans obtained authorization from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 100 million at any time outstanding .", "see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits .", "the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through june 2018 .", "state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity .", "entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings .", "a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers .", "retail rates see 201calgiers asset transfer 201d below for discussion of the transfer from entergy louisiana to entergy new orleans of certain assets that serve algiers customers .", "in march 2013 , entergy louisiana filed a rate case for the algiers area , which is in new orleans and is regulated by the city council .", "entergy louisiana requested a rate increase of $ 13 million over three years , including a 10.4% ( 10.4 % ) return on common equity and a formula rate plan mechanism identical to its lpsc request .", "in january 2014 the city council advisors filed direct testimony recommending a rate increase of $ 5.56 million over three years , including an 8.13% ( 8.13 % ) return on common equity .", "in june 2014 the city council unanimously approved a settlement that includes the following : 2022 a $ 9.3 million base rate revenue increase to be phased in on a levelized basis over four years ; 2022 recovery of an additional $ 853 thousand annually through a miso recovery rider ; and 2022 the adoption of a four-year formula rate plan requiring the filing of annual evaluation reports in may of each year , commencing may 2015 , with resulting rates being implemented in october of each year .", "the formula rate plan includes a midpoint target authorized return on common equity of 9.95% ( 9.95 % ) with a +/- 40 basis point bandwidth .", "the rate increase was effective with bills rendered on and after the first billing cycle of july 2014 .", "additional compliance filings were made with the city council in october 2014 for approval of the form of certain rate riders , including among others , a ninemile 6 non-fuel cost recovery interim rider , allowing for contemporaneous recovery of capacity ." ]

[ [ "2016", "2015", "2014", "2013" ], [ "(In Thousands)" ], [ "$14,215", "$15,794", "$442", "$4,737" ] ]

[ [ "2016", "2015", "2014", "2013" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 14215", "$ 15794", "$ 442", "$ 4737" ] ]

[ { "arg1": "14215", "arg2": "15794", "op": "minus2-1", "res": "-1579" }, { "arg1": "#0", "arg2": "15794", "op": "divide2-2", "res": "-10.0%" } ]

[ "the company files income tax returns in the u.s .", "federal jurisdiction , and various states and foreign jurisdictions .", "with few exceptions , the company is no longer subject to u.s .", "federal , state and local , or non-u.s .", "income tax examinations by tax authorities for years before 1999 .", "it is anticipated that its examination for the company 2019s u.s .", "income tax returns for the years 2002 through 2004 will be completed by the end of first quarter 2008 .", "as of december 31 , 2007 , the irs has proposed adjustments to the company 2019s tax positions for which the company is fully reserved .", "payments relating to any proposed assessments arising from the 2002 through 2004 audit may not be made until a final agreement is reached between the company and the irs on such assessments or upon a final resolution resulting from the administrative appeals process or judicial action .", "in addition to the u.s .", "federal examination , there is also limited audit activity in several u.s .", "state and foreign jurisdictions .", "currently , the company expects the liability for unrecognized tax benefits to change by an insignificant amount during the next 12 months .", "the company adopted the provisions of fasb interpretation no .", "48 , 201caccounting for uncertainty in income taxes , 201d on january 1 , 2007 .", "as a result of the implementation of interpretation 48 , the company recognized an immaterial increase in the liability for unrecognized tax benefits , which was accounted for as a reduction to the january 1 , 2007 , balance of retained earnings .", "a reconciliation of the beginning and ending amount of gross unrecognized tax benefits ( 201cutb 201d ) is as follows : ( millions ) federal , state , and foreign tax ." ]

[ "the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate as of january 1 , 2007 and december 31 , 2007 , respectively , are $ 261 million and $ 334 million .", "the ending net utb results from adjusting the gross balance at december 31 , 2007 for items such as federal , state , and non-u.s .", "deferred items , interest and penalties , and deductible taxes .", "the net utb is included as components of accrued income taxes and other liabilities within the consolidated balance sheet .", "the company recognizes interest and penalties accrued related to unrecognized tax benefits in tax expense .", "at january 1 , 2007 and december 31 , 2007 , accrued interest and penalties on a gross basis were $ 65 million and $ 69 million , respectively .", "included in these interest and penalty amounts is interest and penalties related to tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility .", "because of the impact of deferred tax accounting , other than interest and penalties , the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period .", "in 2007 , the company completed the preparation and filing of its 2006 u.s .", "federal and state income tax returns , which did not result in any material changes to the company 2019s financial position .", "in 2006 , an audit of the company 2019s u.s .", "tax returns for years through 2001 was completed .", "the company and the internal revenue service reached a final settlement for these years , including an agreement on the amount of a refund claim to be filed by the company .", "the company also substantially resolved audits in certain european countries .", "in addition , the company completed the preparation and filing of its 2005 u.s .", "federal income tax return and the corresponding 2005 state income tax returns .", "the adjustments from amounts previously estimated in the u.s .", "federal and state income tax returns ( both positive and negative ) included lower u.s .", "taxes on dividends received from the company's foreign subsidiaries .", "the company also made quarterly adjustments ( both positive and negative ) to its reserves for tax contingencies .", "considering the developments noted above and other factors , including the impact on open audit years of the recent resolution of issues in various audits , these reassessments resulted in a reduction of the reserves in 2006 by $ 149 million , inclusive of the expected amount of certain refund claims .", "in 2005 , the company announced its intent to reinvest $ 1.7 billion of foreign earnings in the united states pursuant to the provisions of the american jobs creation act of 2004 .", "this act provided the company the opportunity to tax- ." ]

[ [ "(Millions)", "Federal, State, and Foreign Tax" ], [ "Gross UTB Balance at January 1, 2007", "$691" ], [ "Additions based on tax positions related to the current year", "79" ], [ "Additions for tax positions of prior years", "143" ], [ "Reductions for tax positions of prior years", "(189)" ], [ "Settlements", "(24)" ], [ "Reductions due to lapse of applicable statute of limitations", "(20)" ], [ "Gross UTB Balance at December 31, 2007", "$680" ], [ "Net UTB impacting the effective tax rate at December 31, 2007", "$334" ] ]

[ [ "( millions )", "federal state and foreign tax" ], [ "gross utb balance at january 1 2007", "$ 691" ], [ "additions based on tax positions related to the current year", "79" ], [ "additions for tax positions of prior years", "143" ], [ "reductions for tax positions of prior years", "-189 ( 189 )" ], [ "settlements", "-24 ( 24 )" ], [ "reductions due to lapse of applicable statute of limitations", "-20 ( 20 )" ], [ "gross utb balance at december 31 2007", "$ 680" ], [ "net utb impacting the effective tax rate at december 31 2007", "$ 334" ] ]

[]

[ "the intrinsic value of restricted stock awards vested during the years ended december 31 , 2016 , 2015 and 2014 was $ 25 million , $ 31 million and $ 17 million , respectively .", "restricted stock awards made to employees have vesting periods ranging from 1 year with variable vesting dates to 10 years .", "following is a summary of the future vesting of our outstanding restricted stock awards : vesting of restricted shares ." ]

[ "the related compensation costs less estimated forfeitures is generally recognized ratably over the vesting period of the restricted stock awards .", "upon vesting , the grants will be paid in our class p common shares .", "during 2016 , 2015 and 2014 , we recorded $ 66 million , $ 52 million and $ 51 million , respectively , in expense related to restricted stock awards and capitalized approximately $ 9 million , $ 15 million and $ 6 million , respectively .", "at december 31 , 2016 and 2015 , unrecognized restricted stock awards compensation costs , less estimated forfeitures , was approximately $ 133 million and $ 154 million , respectively .", "pension and other postretirement benefit plans savings plan we maintain a defined contribution plan covering eligible u.s .", "employees .", "we contribute 5% ( 5 % ) of eligible compensation for most of the plan participants .", "certain plan participants 2019 contributions and company contributions are based on collective bargaining agreements .", "the total expense for our savings plan was approximately $ 48 million , $ 46 million , and $ 42 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .", "pension plans our u.s .", "pension plan is a defined benefit plan that covers substantially all of our u.s .", "employees and provides benefits under a cash balance formula .", "a participant in the cash balance plan accrues benefits through contribution credits based on a combination of age and years of service , times eligible compensation .", "interest is also credited to the participant 2019s plan account .", "a participant becomes fully vested in the plan after three years , and may take a lump sum distribution upon termination of employment or retirement .", "certain collectively bargained and grandfathered employees continue to accrue benefits through career pay or final pay formulas .", "two of our subsidiaries , kinder morgan canada inc .", "and trans mountain pipeline inc .", "( as general partner of trans mountain pipeline l.p. ) , are sponsors of pension plans for eligible canadian and trans mountain pipeline employees .", "the plans include registered defined benefit pension plans , supplemental unfunded arrangements ( which provide pension benefits in excess of statutory limits ) and defined contributory plans .", "benefits under the defined benefit components accrue through career pay or final pay formulas .", "the net periodic benefit costs , contributions and liability amounts associated with our canadian plans are not material to our consolidated income statements or balance sheets ; however , we began to include the activity and balances associated with our canadian plans ( including our canadian opeb plans discussed below ) in the following disclosures on a prospective basis beginning in 2016 .", "the associated net periodic benefit costs for these combined canadian plans of $ 12 million and $ 10 million for the years ended december 31 , 2015 and 2014 , respectively , were reported separately in prior years .", "other postretirement benefit plans we and certain of our u.s .", "subsidiaries provide other postretirement benefits ( opeb ) , including medical benefits for closed groups of retired employees and certain grandfathered employees and their dependents , and limited postretirement life insurance benefits for retired employees .", "our canadian subsidiaries also provide opeb benefits to current and future retirees and their dependents .", "medical benefits under these opeb plans may be subject to deductibles , co-payment provisions , dollar ." ]

[ [ "Year", "Vesting of Restricted Shares" ], [ "2017", "1,476,832" ], [ "2018", "2,352,443" ], [ "2019", "4,358,728" ], [ "2020", "539,790" ], [ "2021", "199,850" ], [ "Thereafter", "110,494" ], [ "Total Outstanding", "9,038,137" ] ]

[ [ "year", "vesting of restricted shares" ], [ "2017", "1476832" ], [ "2018", "2352443" ], [ "2019", "4358728" ], [ "2020", "539790" ], [ "2021", "199850" ], [ "thereafter", "110494" ], [ "total outstanding", "9038137" ] ]

[]

[ "repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2012 to december 31 , 2012 .", "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 includes 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 13566 withheld shares in october 2012 , 1419 withheld shares in november 2012 and 7959 withheld shares in december 2012 , for a total of 22944 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 stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .", "3 on february 24 , 2012 , we announced in a press release that our board had approved a share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock ( the 201c2012 share repurchase program 201d ) , in addition to amounts available on existing authorizations .", "on november 20 , 2012 , we announced in a press release that our board had authorized an increase in our 2012 share repurchase program to $ 400.0 million of our common stock .", "on february 22 , 2013 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock .", "the new authorization is in addition to any amounts remaining available for repurchase under the 2012 share repurchase program .", "there is no expiration date associated with the share repurchase programs. ." ]

[ [ "", "Total Number ofShares (or Units)Purchased¹", "Average Price Paidper Share (or Unit)²", "Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs³", "Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs³" ], [ "October 1 - 31", "13,566", "$10.26", "0", "$148,858,924" ], [ "November 1 - 30", "5,345,171", "$9.98", "5,343,752", "$195,551,133" ], [ "December 1 - 31", "8,797,959", "$10.87", "8,790,000", "$99,989,339" ], [ "Total", "14,156,696", "$10.53", "14,133,752", "" ] ]

[ [ "", "total number ofshares ( or units ) purchased1", "average price paidper share ( or unit ) 2", "total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3", "maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3" ], [ "october 1 - 31", "13566", "$ 10.26", "0", "$ 148858924" ], [ "november 1 - 30", "5345171", "$ 9.98", "5343752", "$ 195551133" ], [ "december 1 - 31", "8797959", "$ 10.87", "8790000", "$ 99989339" ], [ "total", "14156696", "$ 10.53", "14133752", "" ] ]

[]

[ "entergy gulf states , inc .", "management's financial discussion and analysis ." ]

[ "the volume/weather variance was due to higher electric sales volume in the service territory .", "billed usage increased a total of 517 gwh in the residential and commercial sectors .", "the increase was partially offset by a decrease in industrial usage of 470 gwh due to the loss of two large industrial customers to cogeneration .", "the customers accounted for approximately 1% ( 1 % ) of entergy gulf states' net revenue in 2002 .", "in 2002 , deferred fuel costs of $ 8.9 million related to a texas fuel reconciliation case were written off and $ 6.5 million in expense resulted from an adjustment in the deregulated asset plan percentage as the result of a power uprate at river bend .", "the increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and co- op customers and also to affiliated systems related to entergy's generation resource planning .", "the base rate decreases were effective june 2002 and january 2003 , both in the louisiana jurisdiction .", "the january 2003 base rate decrease of $ 22.1 million had a minimal impact on net income due to a corresponding reduction in nuclear depreciation and decommissioning expenses associated with the change in accounting to reflect an assumed extension of river bend's useful life .", "in 2002 , a gain of $ 15.2 million was recognized for the louisiana portion of the 1988 nelson units 1 and 2 sale .", "entergy gulf states received approval from the lpsc to discontinue applying amortization of the gain against recoverable fuel , resulting in the recognition of the deferred gain in income .", "rate refund provisions caused a decrease in net revenue due to additional provisions recorded in 2003 compared to 2002 for potential rate actions and refunds .", "gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 440.2 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .", "fuel and purchased power expenses increased $ 471.1 million due to an increase in the market prices of natural gas and purchased power .", "other income statement variances 2004 compared to 2003 other operation and maintenance expenses decreased primarily due to : 2022 voluntary severance program accruals of $ 22.5 million in 2003 ; and 2022 a decrease of $ 4.3 million in nuclear material and labor costs due to reduced staff in 2004. ." ]

[ [ "", "(In Millions)" ], [ "2002 net revenue", "$1,130.7" ], [ "Volume/weather", "17.8" ], [ "Fuel write-offs in 2002", "15.3" ], [ "Net wholesale revenue", "10.2" ], [ "Base rate decreases", "(23.3)" ], [ "NISCO gain recognized in 2002", "(15.2)" ], [ "Rate refund provisions", "(11.3)" ], [ "Other", "(14.1)" ], [ "2003 net revenue", "$1,110.1" ] ]

[ [ "", "( in millions )" ], [ "2002 net revenue", "$ 1130.7" ], [ "volume/weather", "17.8" ], [ "fuel write-offs in 2002", "15.3" ], [ "net wholesale revenue", "10.2" ], [ "base rate decreases", "-23.3 ( 23.3 )" ], [ "nisco gain recognized in 2002", "-15.2 ( 15.2 )" ], [ "rate refund provisions", "-11.3 ( 11.3 )" ], [ "other", "-14.1 ( 14.1 )" ], [ "2003 net revenue", "$ 1110.1" ] ]

[ { "arg1": "1130.7", "arg2": "1110.1", "op": "minus2-1", "res": "20.6" }, { "arg1": "440.2", "arg2": "#0", "op": "divide2-2", "res": "2137%" } ]

[ "shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .", "the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average .", "the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. ." ]

[ "." ]

[ [ "", "12/31/2010", "12/31/2011", "12/31/2012", "12/31/2013", "12/31/2014", "12/31/2015" ], [ "United Parcel Service, Inc.", "$100.00", "$103.88", "$107.87", "$158.07", "$171.77", "$160.61" ], [ "Standard & Poor’s 500 Index", "$100.00", "$102.11", "$118.43", "$156.77", "$178.22", "$180.67" ], [ "Dow Jones Transportation Average", "$100.00", "$100.01", "$107.49", "$151.97", "$190.08", "$158.23" ] ]

[ [ "", "12/31/2010", "12/31/2011", "12/31/2012", "12/31/2013", "12/31/2014", "12/31/2015" ], [ "united parcel service inc .", "$ 100.00", "$ 103.88", "$ 107.87", "$ 158.07", "$ 171.77", "$ 160.61" ], [ "standard & poor 2019s 500 index", "$ 100.00", "$ 102.11", "$ 118.43", "$ 156.77", "$ 178.22", "$ 180.67" ], [ "dow jones transportation average", "$ 100.00", "$ 100.01", "$ 107.49", "$ 151.97", "$ 190.08", "$ 158.23" ] ]

[ { "arg1": "160.61", "arg2": "const_100", "op": "minus2-1", "res": "60.61" }, { "arg1": "#0", "arg2": "const_100", "op": "divide2-2", "res": "60.61%" }, { "arg1": "180.67", "arg2": "const_100", "op": "minus2-3", "res": "80.67" }, { "arg1": "#2", "arg2": "const_100", "op": "divide2-4", "res": "80.67%" }, { "arg1": "#1", "arg2": "#3", "op": "minus2-5", "res": "-20.06%" } ]

[ "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" ] ]

[ { "arg1": "2.12", "arg2": "const_1000", "op": "multiply2-1", "res": "2120" }, { "arg1": "#0", "arg2": "112", "op": "add2-2", "res": "2232" } ]

[ "mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the company does not make any contributions to its postretirement plan other than funding benefits payments .", "the following table summarizes expected net benefit payments from the company 2019s general assets through 2019 : benefit payments expected subsidy receipts benefit payments ." ]

[ "the company provides limited postemployment benefits to eligible former u.s .", "employees , primarily severance under a formal severance plan ( the 201cseverance plan 201d ) .", "the company accounts for severance expense by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods .", "the company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions .", "as a result of updating the assumptions , the company recorded incremental severance expense ( benefit ) related to the severance plan of $ 3471 , $ 2643 and $ ( 3418 ) , respectively , during the years 2009 , 2008 and 2007 .", "these amounts were part of total severance expenses of $ 135113 , $ 32997 and $ 21284 in 2009 , 2008 and 2007 , respectively , included in general and administrative expenses in the accompanying consolidated statements of operations .", "note 14 .", "debt on april 28 , 2008 , the company extended its committed unsecured revolving credit facility , dated as of april 28 , 2006 ( the 201ccredit facility 201d ) , for an additional year .", "the new expiration date of the credit facility is april 26 , 2011 .", "the available funding under the credit facility will remain at $ 2500000 through april 27 , 2010 and then decrease to $ 2000000 during the final year of the credit facility agreement .", "other terms and conditions in the credit facility remain unchanged .", "the company 2019s option to request that each lender under the credit facility extend its commitment was provided pursuant to the original terms of the credit facility agreement .", "borrowings under the facility are available to provide liquidity in the event of one or more settlement failures by mastercard international customers and , subject to a limit of $ 500000 , for general corporate purposes .", "the facility fee and borrowing cost are contingent upon the company 2019s credit rating .", "at december 31 , 2009 , the facility fee was 7 basis points on the total commitment , or approximately $ 1774 annually .", "interest on borrowings under the credit facility would be charged at the london interbank offered rate ( libor ) plus an applicable margin of 28 basis points or an alternative base rate , and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% ( 50 % ) of commitments .", "at the inception of the credit facility , the company also agreed to pay upfront fees of $ 1250 and administrative fees of $ 325 , which are being amortized over five years .", "facility and other fees associated with the credit facility totaled $ 2222 , $ 2353 and $ 2477 for each of the years ended december 31 , 2009 , 2008 and 2007 , respectively .", "mastercard was in compliance with the covenants of the credit facility and had no borrowings under the credit facility at december 31 , 2009 or december 31 , 2008 .", "the majority of credit facility lenders are members or affiliates of members of mastercard international .", "in june 1998 , mastercard international issued ten-year unsecured , subordinated notes ( the 201cnotes 201d ) paying a fixed interest rate of 6.67% ( 6.67 % ) per annum .", "mastercard repaid the entire principal amount of $ 80000 on june 30 , 2008 pursuant to the terms of the notes .", "the interest expense on the notes was $ 2668 and $ 5336 for each of the years ended december 31 , 2008 and 2007 , respectively. ." ]

[ [ "", "Benefit Payments", "Expected Subsidy Receipts", "Net Benefit Payments" ], [ "2010", "$2,714", "$71", "$2,643" ], [ "2011", "3,028", "91", "2,937" ], [ "2012", "3,369", "111", "3,258" ], [ "2013", "3,660", "134", "3,526" ], [ "2014", "4,019", "151", "3,868" ], [ "2015 – 2019", "22,686", "1,071", "21,615" ] ]

[ [ "", "benefit payments", "expected subsidy receipts", "net benefit payments" ], [ "2010", "$ 2714", "$ 71", "$ 2643" ], [ "2011", "3028", "91", "2937" ], [ "2012", "3369", "111", "3258" ], [ "2013", "3660", "134", "3526" ], [ "2014", "4019", "151", "3868" ], [ "2015 2013 2019", "22686", "1071", "21615" ] ]

[]

[ "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) a summary of the company 2019s restricted stock unit award activity as of october 31 , 2015 and changes during the fiscal year then ended is presented below : restricted stock units outstanding ( in thousands ) weighted- average grant- date fair value per share ." ]

[ "as of october 31 , 2015 , there was $ 108.8 million of total unrecognized compensation cost related to unvested share- based awards comprised of stock options and restricted stock units .", "that cost is expected to be recognized over a weighted- average period of 1.3 years .", "the total grant-date fair value of shares that vested during fiscal 2015 , 2014 and 2013 was approximately $ 65.6 million , $ 57.4 million and $ 63.9 million , respectively .", "common stock repurchase program the company 2019s common stock repurchase program has been in place since august 2004 .", "in the aggregate , the board of directors have authorized the company to repurchase $ 5.6 billion of the company 2019s common stock under the program .", "under the program , the company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions .", "unless terminated earlier by resolution of the company 2019s board of directors , the repurchase program will expire when the company has repurchased all shares authorized under the program .", "as of october 31 , 2015 , the company had repurchased a total of approximately 140.7 million shares of its common stock for approximately $ 5.0 billion under this program .", "an additional $ 544.5 million remains available for repurchase of shares under the current authorized program .", "the repurchased shares are held as authorized but unissued shares of common stock .", "the company also , from time to time , repurchases shares in settlement of employee minimum tax withholding obligations due upon the vesting of restricted stock units or the exercise of stock options .", "the withholding amount is based on the employees minimum statutory withholding requirement .", "any future common stock repurchases will be dependent upon several factors , including the company's financial performance , outlook , liquidity and the amount of cash the company has available in the united states .", "preferred stock the company has 471934 authorized shares of $ 1.00 par value preferred stock , none of which is issued or outstanding .", "the board of directors is authorized to fix designations , relative rights , preferences and limitations on the preferred stock at the time of issuance .", "4 .", "industry , segment and geographic information the company operates and tracks its results in one reportable segment based on the aggregation of six operating segments .", "the company designs , develops , manufactures and markets a broad range of integrated circuits ( ics ) .", "the chief executive officer has been identified as the company's chief operating decision maker .", "the company has determined that all of the company's operating segments share the following similar economic characteristics , and therefore meet the criteria established for operating segments to be aggregated into one reportable segment , namely : 2022 the primary source of revenue for each operating segment is the sale of integrated circuits .", "2022 the integrated circuits sold by each of the company's operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the company 2019s own production facilities or by third-party wafer fabricators using proprietary processes .", "2022 the company sells its products to tens of thousands of customers worldwide .", "many of these customers use products spanning all operating segments in a wide range of applications .", "2022 the integrated circuits marketed by each of the company's operating segments are sold globally through a direct sales force , third-party distributors , independent sales representatives and via our website to the same types of customers .", "all of the company's operating segments share a similar long-term financial model as they have similar economic characteristics .", "the causes for variation in operating and financial performance are the same among the company's operating segments and include factors such as ( i ) life cycle and price and cost fluctuations , ( ii ) number of competitors , ( iii ) product ." ]

[ [ "", "RestrictedStock UnitsOutstanding(in thousands)", "Weighted-Average Grant-Date Fair ValuePer Share" ], [ "Restricted stock units outstanding at November 1, 2014", "3,188", "$43.46" ], [ "Units granted", "818", "$52.25" ], [ "Restrictions lapsed", "(1,151)", "$39.72" ], [ "Forfeited", "(157)", "$45.80" ], [ "Restricted stock units outstanding at October 31, 2015", "2,698", "$47.59" ] ]

[ [ "", "restrictedstock unitsoutstanding ( in thousands )", "weighted-average grant-date fair valueper share" ], [ "restricted stock units outstanding at november 1 2014", "3188", "$ 43.46" ], [ "units granted", "818", "$ 52.25" ], [ "restrictions lapsed", "-1151 ( 1151 )", "$ 39.72" ], [ "forfeited", "-157 ( 157 )", "$ 45.80" ], [ "restricted stock units outstanding at october 31 2015", "2698", "$ 47.59" ] ]

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[ "constitutes an event of default under our other debt instruments , including our senior notes , and , therefore , our senior notes would also be subject to acceleration of maturity .", "if such acceleration were to occur , we would not have sufficient liquidity available to repay the indebtedness .", "we would likely have to seek an amendment under our credit facilities for relief from the financial covenants or repay the debt with proceeds from the issuance of new debt or equity , or asset sales , if necessary .", "we may be unable to amend our credit facilities or raise sufficient capital to repay such obligations in the event the maturities are accelerated .", "financial assurance we must provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts .", "we satisfy these financial assurance requirements by providing surety bonds , letters of credit , or insurance policies ( the financial assurance instruments ) , or trust deposits , which are included in restricted cash and marketable securities and other assets in our consolidated balance sheets .", "the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations .", "the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill .", "generally , states require a third-party engineering specialist to determine the estimated capping , closure and post-closure costs that are used to determine the required amount of financial assurance for a landfill .", "the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s .", "gaap .", "the amount of the financial assurance requirements related to contract performance varies by contract .", "additionally , we must provide financial assurance for our insurance program and collateral for certain performance obligations .", "we do not expect a material increase in financial assurance requirements during 2014 , although the mix of financial assurance instruments may change .", "these financial instruments are issued in the normal course of business and are not considered indebtedness .", "because we currently have no liability for the financial assurance instruments , they are not reflected in our consolidated balance sheets ; however , we record capping , closure and post-closure liabilities and self-insurance liabilities as they are incurred .", "the underlying obligations of the financial assurance instruments , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations .", "we do not expect this to occur .", "off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than financial assurance instruments and operating leases , that are not classified as debt .", "we do not guarantee any third-party debt .", "free cash flow we define free cash flow , which is not a measure determined in accordance with u.s .", "gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment as presented in our consolidated statements of cash flows .", "our free cash flow for the years ended december 31 , 2013 , 2012 and 2011 is calculated as follows ( in millions of dollars ) : ." ]

[ "." ]

[ [ "", "2013", "2012", "2011" ], [ "Cash provided by operating activities", "$1,548.2", "$1,513.8", "$1,766.7" ], [ "Purchases of property and equipment", "(880.8)", "(903.5)", "(936.5)" ], [ "Proceeds from sales of property and equipment", "23.9", "28.7", "34.6" ], [ "Free cash flow", "$691.3", "$639.0", "$864.8" ] ]

[ [ "", "2013", "2012", "2011" ], [ "cash provided by operating activities", "$ 1548.2", "$ 1513.8", "$ 1766.7" ], [ "purchases of property and equipment", "-880.8 ( 880.8 )", "-903.5 ( 903.5 )", "-936.5 ( 936.5 )" ], [ "proceeds from sales of property and equipment", "23.9", "28.7", "34.6" ], [ "free cash flow", "$ 691.3", "$ 639.0", "$ 864.8" ] ]

[ { "arg1": "691.3", "arg2": "639.0", "op": "minus2-1", "res": "52.3" }, { "arg1": "#0", "arg2": "639.0", "op": "divide2-2", "res": "8.2%" } ]

[ "the following table displays the expected benefit payments in the years indicated : ( dollars in thousands ) ." ]

[ "1 4 .", "d i v i d e n d r e s t r i c t i o n s a n d s t a t u t o r y f i n a n c i a l i n f o r m a t i o n a .", "d i v i d e n d r e s t r i c t i o n s under bermuda law , group is prohibited from declaring or paying a dividend if such payment would reduce the realizable value of its assets to an amount less than the aggregate value of its liabilities and its issued share capital and share premium ( addi- tional paid-in capital ) accounts .", "group 2019s ability to pay dividends and its operating expenses is dependent upon dividends from its subsidiaries .", "the payment of such dividends by insurer subsidiaries is limited under bermuda law and the laws of the var- ious u.s .", "states in which group 2019s insurance and reinsurance subsidiaries are domiciled or deemed domiciled .", "the limitations are generally based upon net income and compliance with applicable policyholders 2019 surplus or minimum solvency margin and liquidity ratio requirements as determined in accordance with the relevant statutory accounting practices .", "under bermuda law , bermuda re is prohibited from declaring or making payment of a dividend if it fails to meet its minimum solvency margin or minimum liquidity ratio .", "as a long-term insurer , bermuda re is also unable to declare or pay a dividend to anyone who is not a policyholder unless , after payment of the dividend , the value of the assets in its long-term business fund , as certified by its approved actuary , exceeds its liabilities for long-term business by at least the $ 250000 minimum solvency margin .", "prior approval of the bermuda monetary authority is required if bermuda re 2019s dividend payments would reduce its prior year-end total statutory capital by 15.0% ( 15.0 % ) or more .", "delaware law provides that an insurance company which is a member of an insurance holding company system and is domi- ciled in the state shall not pay dividends without giving prior notice to the insurance commissioner of delaware and may not pay dividends without the approval of the insurance commissioner if the value of the proposed dividend , together with all other dividends and distributions made in the preceding twelve months , exceeds the greater of ( 1 ) 10% ( 10 % ) of statutory surplus or ( 2 ) net income , not including realized capital gains , each as reported in the prior year 2019s statutory annual statement .", "in addition , no dividend may be paid in excess of unassigned earned surplus .", "at december 31 , 2006 , everest re had $ 270.4 million available for payment of dividends in 2007 without the need for prior regulatory approval .", "b .", "s t a t u t o r y f i n a n c i a l i n f o r m a t i o n everest re prepares its statutory financial statements in accordance with accounting practices prescribed or permitted by the national association of insurance commissioners ( 201cnaic 201d ) and the delaware insurance department .", "prescribed statutory accounting practices are set forth in the naic accounting practices and procedures manual .", "the capital and statutory surplus of everest re was $ 2704.1 million ( unaudited ) and $ 2327.6 million at december 31 , 2006 and 2005 , respectively .", "the statutory net income of everest re was $ 298.7 million ( unaudited ) for the year ended december 31 , 2006 , the statutory net loss was $ 26.9 million for the year ended december 31 , 2005 and the statutory net income $ 175.8 million for the year ended december 31 , 2004 .", "bermuda re prepares its statutory financial statements in conformity with the accounting principles set forth in bermuda in the insurance act 1978 , amendments thereto and related regulations .", "the statutory capital and surplus of bermuda re was $ 1893.9 million ( unaudited ) and $ 1522.5 million at december 31 , 2006 and 2005 , respectively .", "the statutory net income of bermuda re was $ 409.8 million ( unaudited ) for the year ended december 31 , 2006 , the statutory net loss was $ 220.5 million for the year ended december 31 , 2005 and the statutory net income was $ 248.7 million for the year ended december 31 , 2004 .", "1 5 .", "c o n t i n g e n c i e s in the ordinary course of business , the company is involved in lawsuits , arbitrations and other formal and informal dispute resolution procedures , the outcomes of which will determine the company 2019s rights and obligations under insurance , reinsur- ance and other contractual agreements .", "in some disputes , the company seeks to enforce its rights under an agreement or to collect funds owing to it .", "in other matters , the company is resisting attempts by others to collect funds or enforce alleged rights .", "these disputes arise from time to time and as they arise are addressed , and ultimately resolved , through both informal and formal means , including negotiated resolution , arbitration and litigation .", "in all such matters , the company believes that ." ]

[ [ "2007", "$117" ], [ "2008", "140" ], [ "2009", "203" ], [ "2010", "263" ], [ "2011", "328" ], [ "Next 5 years", "2,731" ] ]

[ [ "2007", "$ 117" ], [ "2008", "140" ], [ "2009", "203" ], [ "2010", "263" ], [ "2011", "328" ], [ "next 5 years", "2731" ] ]

[ { "arg1": "117", "arg2": "140", "op": "add1-1", "res": "257" }, { "arg1": "#0", "arg2": "203", "op": "add1-2", "res": "460" }, { "arg1": "#1", "arg2": "263", "op": "add1-3", "res": "723" }, { "arg1": "#2", "arg2": "328", "op": "add1-4", "res": "1051" } ]

[ "period .", "the discount reflects our incremental borrowing rate , which matches the lifetime of the liability .", "significant changes in the discount rate selected or the estimations of sublease income in the case of leases could impact the amounts recorded .", "other associated costs with restructuring activities we recognize other costs associated with restructuring activities as they are incurred , including moving costs and consulting and legal fees .", "pensions we sponsor defined benefit pension plans throughout the world .", "our most significant plans are located in the u.s. , the u.k. , the netherlands and canada .", "our significant u.s. , u.k .", "and canadian pension plans are closed to new entrants .", "we have ceased crediting future benefits relating to salary and service for our u.s. , u.k .", "and canadian plans .", "recognition of gains and losses and prior service certain changes in the value of the obligation and in the value of plan assets , which may occur due to various factors such as changes in the discount rate and actuarial assumptions , actual demographic experience and/or plan asset performance are not immediately recognized in net income .", "such changes are recognized in other comprehensive income and are amortized into net income as part of the net periodic benefit cost .", "unrecognized gains and losses that have been deferred in other comprehensive income , as previously described , are amortized into compensation and benefits expense as a component of periodic pension expense based on the average expected future service of active employees for our plans in the netherlands and canada , or the average life expectancy of the u.s .", "and u.k .", "plan members .", "after the effective date of the plan amendments to cease crediting future benefits relating to service , unrecognized gains and losses are also be based on the average life expectancy of members in the canadian plans .", "we amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses .", "as of december 31 , 2013 , our pension plans have deferred losses that have not yet been recognized through income in the consolidated financial statements .", "we amortize unrecognized actuarial losses outside of a corridor , which is defined as 10% ( 10 % ) of the greater of market-related value of plan assets or projected benefit obligation .", "to the extent not offset by future gains , incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized .", "the following table discloses our combined experience loss , the number of years over which we are amortizing the experience loss , and the estimated 2014 amortization of loss by country ( amounts in millions ) : ." ]

[ "the unrecognized prior service cost at december 31 , 2013 was $ 27 million in the u.k .", "and other plans .", "for the u.s .", "pension plans we use a market-related valuation of assets approach to determine the expected return on assets , which is a component of net periodic benefit cost recognized in the consolidated statements of income .", "this approach recognizes 20% ( 20 % ) of any gains or losses in the current year's value of market-related assets , with the remaining 80% ( 80 % ) spread over the next four years .", "as this approach recognizes gains or losses over a five-year period , the future value of assets and therefore , our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded .", "as of december 31 , 2013 , the market-related value of assets was $ 1.8 billion .", "we do not use the market-related valuation approach to determine the funded status of the u.s .", "plans recorded in the consolidated statements of financial position .", "instead , we record and present the funded status in the consolidated statements of financial position based on the fair value of the plan assets .", "as of december 31 , 2013 , the fair value of plan assets was $ 1.9 billion .", "our non-u.s .", "plans use fair value to determine expected return on assets. ." ]

[ [ "", "U.K.", "U.S.", "Other" ], [ "Combined experience loss", "$2,012", "$1,219", "$402" ], [ "Amortization period (in years)", "29", "26", "11 - 23" ], [ "Estimated 2014 amortization of loss", "$53", "$44", "$10" ] ]

[ [ "", "u.k .", "u.s .", "other" ], [ "combined experience loss", "$ 2012", "$ 1219", "$ 402" ], [ "amortization period ( in years )", "29", "26", "11 - 23" ], [ "estimated 2014 amortization of loss", "$ 53", "$ 44", "$ 10" ] ]

[ { "arg1": "2012", "arg2": "1219", "op": "add1-1", "res": "3231" }, { "arg1": "#0", "arg2": "402", "op": "add1-2", "res": "3633" } ]

[ "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" ] ]

[]

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

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

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

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

[ { "arg1": "72.90", "arg2": "const_100", "op": "minus2-1", "res": "-27.1" }, { "arg1": "#0", "arg2": "const_100", "op": "divide2-2", "res": "-27.1%" } ]

[ "36 duke realty corporation annual report 2013 leasing/capital costs tenant improvements and lease-related costs pertaining to our initial leasing of newly completed space , or vacant space in acquired properties , are referred to as first generation expenditures .", "such first generation expenditures for tenant improvements are included within \"development of real estate investments\" in our consolidated statements of cash flows , while such expenditures for lease-related costs are included within \"other deferred leasing costs.\" cash expenditures related to the construction of a building's shell , as well as the associated site improvements , are also included within \"development of real estate investments\" in our consolidated statements of cash flows .", "tenant improvements and leasing costs to re-let rental space that we previously leased to tenants are referred to as second generation expenditures .", "building improvements that are not specific to any tenant but serve to improve integral components of our real estate properties are also second generation expenditures .", "one of our principal uses of our liquidity is to fund the second generation leasing/capital expenditures of our real estate investments .", "the following table summarizes our second generation capital expenditures by type of expenditure ( in thousands ) : ." ]

[ "second generation tenant improvements and leasing costs increased due to a shift in industrial leasing volume from renewal leases to second generation leases ( see data in the key performance indicators section of management's discussion and analysis of financial condition and results of operations ) , which are generally more capital intensive .", "additionally , although the overall renewal volume was lower , renewals for office leases , which are generally more capital intensive than industrial leases , increased from 2012 .", "during 2013 , we increased our investment across all product types in non-tenant specific building improvements .", "the increase in capital expenditures for the development of real estate investments was the result of our increased focus on wholly owned development projects .", "we had wholly owned properties under development with an expected cost of $ 572.6 million at december 31 , 2013 , compared to projects with an expected cost of $ 468.8 million and $ 124.2 million at december 31 , 2012 and 2011 , respectively .", "cash outflows for real estate development investments were $ 427.4 million , $ 264.8 million and $ 162.1 million for december 31 , 2013 , 2012 and 2011 , respectively .", "we capitalized $ 31.3 million , $ 30.4 million and $ 25.3 million of overhead costs related to leasing activities , including both first and second generation leases , during the years ended december 31 , 2013 , 2012 and 2011 , respectively .", "we capitalized $ 27.1 million , $ 20.0 million and $ 10.4 million of overhead costs related to development activities , including construction , development and tenant improvement projects on first and second generation space , during the years ended december 31 , 2013 , 2012 and 2011 , respectively .", "combined overhead costs capitalized to leasing and development totaled 35.7% ( 35.7 % ) , 31.1% ( 31.1 % ) and 20.6% ( 20.6 % ) of our overall pool of overhead costs at december 31 , 2013 , 2012 and 2011 , respectively .", "further discussion of the capitalization of overhead costs can be found herein , in the discussion of general and administrative expenses in the comparison sections of management's discussion and analysis of financial condition and results of operations. ." ]

[ [ "", "2013", "2012", "2011" ], [ "Second generation tenant improvements", "$39,892", "$26,643", "$50,079" ], [ "Second generation leasing costs", "38,617", "31,059", "38,130" ], [ "Building improvements", "13,289", "6,182", "11,055" ], [ "Total second generation capital expenditures", "$91,798", "$63,884", "$99,264" ], [ "Development of real estate investments", "$427,355", "$264,755", "$162,070" ], [ "Other deferred leasing costs", "$35,376", "$27,772", "$26,311" ] ]

[ [ "", "2013", "2012", "2011" ], [ "second generation tenant improvements", "$ 39892", "$ 26643", "$ 50079" ], [ "second generation leasing costs", "38617", "31059", "38130" ], [ "building improvements", "13289", "6182", "11055" ], [ "total second generation capital expenditures", "$ 91798", "$ 63884", "$ 99264" ], [ "development of real estate investments", "$ 427355", "$ 264755", "$ 162070" ], [ "other deferred leasing costs", "$ 35376", "$ 27772", "$ 26311" ] ]

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[ "maturities of long-term debt in each of the next five years and beyond are as follows: ." ]

[ "on 4 february 2013 , we issued a $ 400.0 senior fixed-rate 2.75% ( 2.75 % ) note that matures on 3 february 2023 .", "additionally , on 7 august 2013 , we issued a 2.0% ( 2.0 % ) eurobond for 20ac300 million ( $ 397 ) that matures on 7 august 2020 .", "various debt agreements to which we are a party also include financial covenants and other restrictions , including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions .", "as of 30 september 2013 , we are in compliance with all the financial and other covenants under our debt agreements .", "as of 30 september 2013 , we have classified commercial paper of $ 400.0 maturing in 2014 as long-term debt because we have the ability and intent to refinance the debt under our $ 2500.0 committed credit facility maturing in 2018 .", "our current intent is to refinance this debt via the u.s .", "public or private placement markets .", "on 30 april 2013 , we entered into a five-year $ 2500.0 revolving credit agreement with a syndicate of banks ( the 201c2013 credit agreement 201d ) , under which senior unsecured debt is available to us and certain of our subsidiaries .", "the 2013 credit agreement provides us with a source of liquidity and supports our commercial paper program .", "this agreement increases the previously existing facility by $ 330.0 , extends the maturity date to 30 april 2018 , and modifies the financial covenant to a maximum ratio of total debt to total capitalization ( total debt plus total equity plus redeemable noncontrolling interest ) no greater than 70% ( 70 % ) .", "no borrowings were outstanding under the 2013 credit agreement as of 30 september 2013 .", "the 2013 credit agreement terminates and replaces our previous $ 2170.0 revolving credit agreement dated 8 july 2010 , as subsequently amended , which was to mature 30 june 2015 and had a financial covenant of long-term debt divided by the sum of long-term debt plus equity of no greater than 60% ( 60 % ) .", "no borrowings were outstanding under the previous agreement at the time of its termination and no early termination penalties were incurred .", "effective 11 june 2012 , we entered into an offshore chinese renminbi ( rmb ) syndicated credit facility of rmb1000.0 million ( $ 163.5 ) , maturing in june 2015 .", "there are rmb250.0 million ( $ 40.9 ) in outstanding borrowings under this commitment at 30 september 2013 .", "additional commitments totaling $ 383.0 are maintained by our foreign subsidiaries , of which $ 309.0 was borrowed and outstanding at 30 september 2013. ." ]

[ [ "2014", "$ 907.4" ], [ "2015", "453.0" ], [ "2016", "433.0" ], [ "2017", "453.8" ], [ "2018", "439.9" ], [ "Thereafter", "2,876.6" ], [ "Total", "$5,563.7" ] ]

[ [ "2014", "$ 907.4" ], [ "2015", "453.0" ], [ "2016", "433.0" ], [ "2017", "453.8" ], [ "2018", "439.9" ], [ "thereafter", "2876.6" ], [ "total", "$ 5563.7" ] ]

[ { "arg1": "const_1", "arg2": "2.75%", "op": "add1-1", "res": "1.0275" }, { "arg1": "#0", "arg2": "const_10", "op": "exp1-2", "res": "1.311" }, { "arg1": "400.0", "arg2": "#1", "op": "multiply1-3", "res": "524.4" } ]

[ "entergy corporation and subsidiaries management's financial discussion and analysis annually , beginning in 2006 , if power market prices drop below the ppa prices .", "accordingly , because the price is not fixed , the table above does not report power from that plant as sold forward after 2005 .", "under the ppas with nypa for the output of power from indian point 3 and fitzpatrick , the non-utility nuclear business is obligated to produce at an average capacity factor of 85% ( 85 % ) with a financial true-up payment to nypa should nypa's cost to purchase power due to an output shortfall be higher than the ppas' price .", "the calculation of any true-up payments is based on two two-year periods .", "for the first period , which ran through november 20 , 2002 , indian point 3 and fitzpatrick operated at 95% ( 95 % ) and 97% ( 97 % ) , respectively , under the true-up formula .", "credits of up to 5% ( 5 % ) reflecting period one generation above 85% ( 85 % ) can be used to offset any output shortfalls in the second period , which runs through the end of the ppas on december 31 , 2004 .", "entergy continually monitors industry trends in order to determine whether asset impairments or other losses could result from a decline in value , or cancellation , of merchant power projects , and records provisions for impairments and losses accordingly .", "marketing and trading the earnings of entergy's energy commodity services segment are exposed to commodity price market risks primarily through entergy's 50%-owned , unconsolidated investment in entergy-koch .", "entergy-koch trading ( ekt ) uses value-at-risk models as one measure of the market risk of a loss in fair value for ekt's natural gas and power trading portfolio .", "actual future gains and losses in portfolios will differ from those estimated based upon actual fluctuations in market rates , operating exposures , and the timing thereof , and changes in the portfolio of derivative financial instruments during the year .", "to manage its portfolio , ekt enters into various derivative and contractual transactions in accordance with the policy approved by the trading committee of the governing board of entergy-koch .", "the trading portfolio consists of physical and financial natural gas and power as well as other energy and weather-related contracts .", "these contracts take many forms , including futures , forwards , swaps , and options .", "characteristics of ekt's value-at-risk method and the use of that method are as follows : fffd value-at-risk is used in conjunction with stress testing , position reporting , and profit and loss reporting in order to measure and control the risk inherent in the trading and mark-to-market portfolios .", "fffd ekt estimates its value-at-risk using a model based on j.p .", "morgan's risk metrics methodology combined with a monte carlo simulation approach .", "fffd ekt estimates its daily value-at-risk for natural gas and power using a 97.5% ( 97.5 % ) confidence level .", "ekt's daily value-at-risk is a measure that indicates that , if prices moved against the positions , the loss in neutralizing the portfolio would not be expected to exceed the calculated value-at-risk .", "fffd ekt seeks to limit the daily value-at-risk on any given day to a certain dollar amount approved by the trading committee .", "ekt's value-at-risk measures , which it calls daily earnings at risk ( de@r ) , for its trading portfolio were as follows: ." ]

[ "ekt's de@r increased in 2002 compared to 2001 as a result of an increase in the size of the position held and an increase in the volatility of natural gas prices in the latter part of the year .", "for all derivative and contractual transactions , ekt is exposed to losses in the event of nonperformance by counterparties to these transactions .", "relevant considerations when assessing ekt's credit risk exposure include: ." ]

[ [ "", "2002", "2001" ], [ "DE@R at end of period", "$15.2 million", "$5.5 million" ], [ "Average DE@R for the period", "$10.8 million", "$6.4 million" ] ]

[ [ "", "2002", "2001" ], [ "de@r at end of period", "$ 15.2 million", "$ 5.5 million" ], [ "average de@r for the period", "$ 10.8 million", "$ 6.4 million" ] ]

[]

[ "corporate & institutional banking corporate & institutional banking earned $ 1.9 billion in 2011 and $ 1.8 billion in 2010 .", "the increase in earnings was primarily due to an improvement in the provision for credit losses , which was a benefit in 2011 , partially offset by a reduction in the value of commercial mortgage servicing rights and lower net interest income .", "we continued to focus on adding new clients , increasing cross sales , and remaining committed to strong expense discipline .", "asset management group asset management group earned $ 141 million for 2011 compared with $ 137 million for 2010 .", "assets under administration were $ 210 billion at december 31 , 2011 and $ 212 billion at december 31 , 2010 .", "earnings for 2011 reflected a benefit from the provision for credit losses and growth in noninterest income , partially offset by higher noninterest expense and lower net interest income .", "for 2011 , the business delivered strong sales production , grew high value clients and benefitted from significant referrals from other pnc lines of business .", "over time and with stabilized market conditions , the successful execution of these strategies and the accumulation of our strong sales performance are expected to create meaningful growth in assets under management and noninterest income .", "residential mortgage banking residential mortgage banking earned $ 87 million in 2011 compared with $ 269 million in 2010 .", "the decline in earnings was driven by an increase in noninterest expense associated with increased costs for residential mortgage foreclosure- related expenses , primarily as a result of ongoing governmental matters , and lower net interest income , partially offset by an increase in loan originations and higher loans sales revenue .", "blackrock our blackrock business segment earned $ 361 million in 2011 and $ 351 million in 2010 .", "the higher business segment earnings from blackrock for 2011 compared with 2010 were primarily due to an increase in revenue .", "non-strategic assets portfolio this business segment ( formerly distressed assets portfolio ) consists primarily of acquired non-strategic assets that fall outside of our core business strategy .", "non-strategic assets portfolio had earnings of $ 200 million in 2011 compared with a loss of $ 57 million in 2010 .", "the increase was primarily attributable to a lower provision for credit losses partially offset by lower net interest income .", "201cother 201d reported earnings of $ 376 million for 2011 compared with earnings of $ 386 million for 2010 .", "the decrease in earnings primarily reflected the noncash charge related to the redemption of trust preferred securities in the fourth quarter of 2011 and the gain related to the sale of a portion of pnc 2019s blackrock shares in 2010 partially offset by lower integration costs in 2011 .", "consolidated income statement review our consolidated income statement is presented in item 8 of this report .", "net income for 2011 was $ 3.1 billion compared with $ 3.4 billion for 2010 .", "results for 2011 include the impact of $ 324 million of residential mortgage foreclosure-related expenses primarily as a result of ongoing governmental matters , a $ 198 million noncash charge related to redemption of trust preferred securities and $ 42 million for integration costs .", "results for 2010 included the $ 328 million after-tax gain on our sale of gis , $ 387 million for integration costs , and $ 71 million of residential mortgage foreclosure-related expenses .", "for 2010 , net income attributable to common shareholders was also impacted by a noncash reduction of $ 250 million in connection with the redemption of tarp preferred stock .", "pnc 2019s results for 2011 were driven by good performance in a challenging environment of low interest rates , slow economic growth and new regulations .", "net interest income and net interest margin year ended december 31 dollars in millions 2011 2010 ." ]

[ "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 the statistical information ( unaudited ) 2013 analysis of year-to-year changes in net interest income and average consolidated balance sheet and net interest analysis in item 8 and the discussion of purchase accounting accretion in the consolidated balance sheet review in item 7 of this report for additional information .", "the decreases in net interest income and net interest margin for 2011 compared with 2010 were primarily attributable to a decrease in purchase accounting accretion on purchased impaired loans primarily due to lower excess cash recoveries .", "a decline in average loan balances and the low interest rate environment , partially offset by lower funding costs , also contributed to the decrease .", "the pnc financial services group , inc .", "2013 form 10-k 35 ." ]

[ [ "Year ended December 31Dollars in millions", "2011", "2010" ], [ "Net interest income", "$8,700", "$9,230" ], [ "Net interest margin", "3.92%", "4.14%" ] ]

[ [ "year ended december 31dollars in millions", "2011", "2010" ], [ "net interest income", "$ 8700", "$ 9230" ], [ "net interest margin", "3.92% ( 3.92 % )", "4.14% ( 4.14 % )" ] ]

[]

[ "advance auto parts , inc .", "and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .", "inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( \"lifo\" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .", "under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .", "the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .", "accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .", "as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .", "the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( \"fifo\" ) method .", "core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .", "additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .", "the company capitalizes certain purchasing and warehousing costs into inventory .", "purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .", "inventories consist of the following : december 30 , december 31 , 2006 2005 ." ]

[ "replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .", "inventory quantities are tracked through a perpetual inventory system .", "the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .", "the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .", "the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .", "the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .", "the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .", "the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .", "9 .", "property and equipment : property and equipment are stated at cost , less accumulated depreciation .", "expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .", "when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .", "depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. ." ]

[ [ "", "December 30, 2006", "December 31, 2005" ], [ "Inventories at FIFO, net", "$1,380,573", "$1,294,310" ], [ "Adjustments to state inventories at LIFO", "82,767", "72,789" ], [ "Inventories at LIFO, net", "$1,463,340", "$1,367,099" ] ]

[ [ "", "december 30 2006", "december 31 2005" ], [ "inventories at fifo net", "$ 1380573", "$ 1294310" ], [ "adjustments to state inventories at lifo", "82767", "72789" ], [ "inventories at lifo net", "$ 1463340", "$ 1367099" ] ]

[ { "arg1": "9978", "arg2": "11212", "op": "add1-1", "res": "22190" }, { "arg1": "#0", "arg2": "526", "op": "minus1-2", "res": "20630" } ]

[ "mastercard incorporated notes to consolidated financial statements 2014continued the municipal bond portfolio is comprised of tax exempt bonds and is diversified across states and sectors .", "the portfolio has an average credit quality of double-a .", "the short-term bond funds invest in fixed income securities , including corporate bonds , mortgage-backed securities and asset-backed securities .", "the company holds investments in ars .", "interest on these securities is exempt from u.s .", "federal income tax and the interest rate on the securities typically resets every 35 days .", "the securities are fully collateralized by student loans with guarantees , ranging from approximately 95% ( 95 % ) to 98% ( 98 % ) of principal and interest , by the u.s .", "government via the department of education .", "beginning on february 11 , 2008 , the auction mechanism that normally provided liquidity to the ars investments began to fail .", "since mid-february 2008 , all investment positions in the company 2019s ars investment portfolio have experienced failed auctions .", "the securities for which auctions have failed have continued to pay interest in accordance with the contractual terms of such instruments and will continue to accrue interest and be auctioned at each respective reset date until the auction succeeds , the issuer redeems the securities or they mature .", "during 2008 , ars were reclassified as level 3 from level 2 .", "as of december 31 , 2010 , the ars market remained illiquid , but issuer call and redemption activity in the ars student loan sector has occurred periodically since the auctions began to fail .", "during 2010 and 2009 , the company did not sell any ars in the auction market , but there were calls at par .", "the table below includes a roll-forward of the company 2019s ars investments from january 1 , 2009 to december 31 , 2010 .", "significant unobservable inputs ( level 3 ) ( in millions ) ." ]

[ "the company evaluated the estimated impairment of its ars portfolio to determine if it was other-than- temporary .", "the company considered several factors including , but not limited to , the following : ( 1 ) the reasons for the decline in value ( changes in interest rates , credit event , or market fluctuations ) ; ( 2 ) assessments as to whether it is more likely than not that it will hold and not be required to sell the investments for a sufficient period of time to allow for recovery of the cost basis ; ( 3 ) whether the decline is substantial ; and ( 4 ) the historical and anticipated duration of the events causing the decline in value .", "the evaluation for other-than-temporary impairments is a quantitative and qualitative process , which is subject to various risks and uncertainties .", "the risks and uncertainties include changes in credit quality , market liquidity , timing and amounts of issuer calls and interest rates .", "as of december 31 , 2010 , the company believed that the unrealized losses on the ars were not related to credit quality but rather due to the lack of liquidity in the market .", "the company believes that it is more ." ]

[ [ "", "Significant Unobservable Inputs (Level 3) (in millions)" ], [ "Fair value, December 31, 2008", "$192" ], [ "Calls, at par", "(28)" ], [ "Recovery of unrealized losses due to issuer calls", "5" ], [ "Increase in fair value", "11" ], [ "Fair value, December 31, 2009", "180" ], [ "Calls, at par", "(94)" ], [ "Recovery of unrealized losses due to issuer calls", "13" ], [ "Increase in fair value", "7" ], [ "Fair value, December 31, 2010", "$106" ] ]

[ [ "", "significant unobservable inputs ( level 3 ) ( in millions )" ], [ "fair value december 31 2008", "$ 192" ], [ "calls at par", "-28 ( 28 )" ], [ "recovery of unrealized losses due to issuer calls", "5" ], [ "increase in fair value", "11" ], [ "fair value december 31 2009", "180" ], [ "calls at par", "-94 ( 94 )" ], [ "recovery of unrealized losses due to issuer calls", "13" ], [ "increase in fair value", "7" ], [ "fair value december 31 2010", "$ 106" ] ]

[ { "arg1": "180", "arg2": "192", "op": "minus1-1", "res": "-12" }, { "arg1": "#0", "arg2": "192", "op": "divide1-2", "res": "-6.25%" } ]

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

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

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

[ [ "beginning of year", "405" ], [ "revisions of previous estimates", "15" ], [ "improved recovery", "1" ], [ "purchases of reserves in place", "91" ], [ "extensions discoveries and other additions", "49" ], [ "transfer to proved developed", "-166 ( 166 )" ], [ "end of year", "395" ] ]

[ { "arg1": "395", "arg2": "405", "op": "minus1-1", "res": "-10" }, { "arg1": "#0", "arg2": "405", "op": "divide1-2", "res": "-2.5%" } ]

[ "potentially responsible parties , and existing technology , laws , and regulations .", "the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site- specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs .", "current obligations are not expected to have a material adverse effect on our consolidated results of operations , financial condition , or liquidity .", "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 with 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 work .", "annual expenses for personal injury-related events were $ 240 million in 2006 , $ 247 million in 2005 , and $ 288 million in 2004 .", "as of december 31 , 2006 and 2005 , we had accrued liabilities of $ 631 million and $ 619 million for future personal injury costs , respectively , of which $ 233 million and $ 274 million was recorded in current liabilities as accrued casualty costs , respectively .", "our personal injury liability is discounted to present value using applicable u.s .", "treasury rates .", "approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims .", "estimates can vary over time due to evolving trends in litigation .", "our personal injury claims activity was as follows : claims activity 2006 2005 2004 ." ]

[ "depreciation 2013 the railroad industry is capital intensive .", "properties are carried at cost .", "provisions for depreciation are computed principally on the straight-line method based on estimated service lives of depreciable property .", "the lives are calculated using a separate composite annual percentage rate for each depreciable property group , based on the results of internal depreciation studies .", "we are required to submit a report on depreciation studies and proposed depreciation rates to the stb for review and approval every three years for equipment property and every six years for road property .", "the cost ( net of salvage ) of depreciable railroad property retired or replaced in the ordinary course of business is charged to accumulated depreciation , and no gain or loss is recognized .", "a gain or loss is recognized in other income for all other property upon disposition because the gain or loss is not part of rail operations .", "the cost of internally developed software is capitalized and amortized over a five-year period .", "significant capital spending in recent years increased the total value of our depreciable assets .", "cash capital spending totaled $ 2.2 billion for the year ended december 31 , 2006 .", "for the year ended december 31 , 2006 , depreciation expense was $ 1.2 billion .", "we use various methods to estimate useful lives for each group of depreciable property .", "due to the capital intensive nature of the business and the large base of depreciable assets , variances to those estimates could have a material effect on our consolidated financial statements .", "if the estimated useful lives of all depreciable assets were increased by one year , annual depreciation expense would decrease by approximately $ 43 million .", "if the estimated useful lives of all assets to be depreciated were decreased by one year , annual depreciation expense would increase by approximately $ 45 million .", "income taxes 2013 as required under fasb statement no .", "109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the future tax consequences of events that have been recognized in our financial statements or tax returns .", "these ." ]

[ [ "<i>Claims Activity</i>", "2006", "2005", "2004" ], [ "Open claims, beginning balance", "4,197", "4,028", "4,085" ], [ "New claims", "4,190", "4,584", "4,366" ], [ "Settled or dismissed claims", "(4,261)", "(4,415)", "(4,423)" ], [ "Open claims, ending balance at December 31", "4,126", "4,197", "4,028" ] ]

[ [ "claims activity", "2006", "2005", "2004" ], [ "open claims beginning balance", "4197", "4028", "4085" ], [ "new claims", "4190", "4584", "4366" ], [ "settled or dismissed claims", "-4261 ( 4261 )", "-4415 ( 4415 )", "-4423 ( 4423 )" ], [ "open claims ending balance at december 31", "4126", "4197", "4028" ] ]

[ { "arg1": "4126", "arg2": "4197", "op": "minus2-1", "res": "-71" }, { "arg1": "#0", "arg2": "4197", "op": "divide2-2", "res": "-2%" } ]

[ "the fair value of the interest agreements at december 31 , 2007 and december 31 , 2006 was $ 3 million and $ 1 million , respectively .", "the company is exposed to credit loss in the event of nonperformance by the counterparties to its swap contracts .", "the company minimizes its credit risk on these transactions by only dealing with leading , creditworthy financial institutions and does not anticipate nonperformance .", "in addition , the contracts are distributed among several financial institutions , all of whom presently have investment grade credit ratings , thus minimizing credit risk concentration .", "stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2007 and 2006 is as follows: ." ]

[ "net investment in foreign operations hedge at december 31 , 2007 and 2006 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .", "investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .", "during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .", "the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .", "the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .", "133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .", "in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .", "the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .", "the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .", "as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .", "prior to the merger of sprint corporation ( 201csprint 201d ) and nextel communications , inc .", "( 201cnextel 201d ) , the company had entered into variable share forward purchase agreements ( the 201cvariable forwards 201d ) to hedge its nextel common stock .", "the company did not designate the variable forwards as a hedge of the sprint nextel shares received as a result of the merger .", "accordingly , the company recorded $ 51 million of gains for the year ended december 31 , 2005 reflecting the change in value of the variable forwards .", "the variable forwards were settled during the fourth quarter of 2005 .", "fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term finance receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .", "the company 2019s sigma fund and investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .", "all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values. ." ]

[ [ "", "2007", "2006", "2005" ], [ "Balance at January 1", "$16", "$2", "$(272)" ], [ "Increase (decrease) in fair value", "(6)", "75", "28" ], [ "Reclassifications to earnings", "(10)", "(61)", "246" ], [ "Balance at December 31", "$—", "$16", "$2" ] ]

[ [ "", "2007", "2006", "2005" ], [ "balance at january 1", "$ 16", "$ 2", "$ -272 ( 272 )" ], [ "increase ( decrease ) in fair value", "-6 ( 6 )", "75", "28" ], [ "reclassifications to earnings", "-10 ( 10 )", "-61 ( 61 )", "246" ], [ "balance at december 31", "$ 2014", "$ 16", "$ 2" ] ]

[ { "arg1": "75", "arg2": "28", "op": "minus2-1", "res": "47" }, { "arg1": "#0", "arg2": "28", "op": "divide2-2", "res": "168%" } ]

[ "jpmorgan chase & co./2009 annual report 181 the following table shows the current credit risk of derivative receivables after netting adjustments , and the current liquidity risk of derivative payables after netting adjustments , as of december 31 , 2009. ." ]

[ "in addition to the collateral amounts reflected in the table above , at december 31 , 2009 , the firm had received and posted liquid secu- rities collateral in the amount of $ 15.5 billion and $ 11.7 billion , respectively .", "the firm also receives and delivers collateral at the initiation of derivative transactions , which is available as security against potential exposure that could arise should the fair value of the transactions move in the firm 2019s or client 2019s favor , respectively .", "furthermore , the firm and its counterparties hold collateral related to contracts that have a non-daily call frequency for collateral to be posted , and collateral that the firm or a counterparty has agreed to return but has not yet settled as of the reporting date .", "at december 31 , 2009 , the firm had received $ 16.9 billion and delivered $ 5.8 billion of such additional collateral .", "these amounts were not netted against the derivative receivables and payables in the table above , because , at an individual counterparty level , the collateral exceeded the fair value exposure at december 31 , 2009 .", "credit derivatives credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer ( the reference entity ) and which allow one party ( the protection purchaser ) to transfer that risk to another party ( the protection seller ) .", "credit derivatives expose the protection purchaser to the creditworthiness of the protection seller , as the protection seller is required to make payments under the contract when the reference entity experiences a credit event , such as a bankruptcy , a failure to pay its obligation or a restructuring .", "the seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event .", "the firm is both a purchaser and seller of protection in the credit derivatives market and uses these derivatives for two primary purposes .", "first , in its capacity as a market-maker in the dealer/client business , the firm actively risk manages a portfolio of credit derivatives by purchasing and selling credit protection , pre- dominantly on corporate debt obligations , to meet the needs of customers .", "as a seller of protection , the firm 2019s exposure to a given reference entity may be offset partially , or entirely , with a contract to purchase protection from another counterparty on the same or similar reference entity .", "second , the firm uses credit derivatives to mitigate credit risk associated with its overall derivative receivables and traditional commercial credit lending exposures ( loans and unfunded commitments ) as well as to manage its exposure to residential and commercial mortgages .", "see note 3 on pages 156--- 173 of this annual report for further information on the firm 2019s mortgage-related exposures .", "in accomplishing the above , the firm uses different types of credit derivatives .", "following is a summary of various types of credit derivatives .", "credit default swaps credit derivatives may reference the credit of either a single refer- ence entity ( 201csingle-name 201d ) or a broad-based index , as described further below .", "the firm purchases and sells protection on both single- name and index-reference obligations .", "single-name cds and index cds contracts are both otc derivative contracts .", "single- name cds are used to manage the default risk of a single reference entity , while cds index are used to manage credit risk associated with the broader credit markets or credit market segments .", "like the s&p 500 and other market indices , a cds index is comprised of a portfolio of cds across many reference entities .", "new series of cds indices are established approximately every six months with a new underlying portfolio of reference entities to reflect changes in the credit markets .", "if one of the reference entities in the index experi- ences a credit event , then the reference entity that defaulted is removed from the index .", "cds can also be referenced against spe- cific portfolios of reference names or against customized exposure levels based on specific client demands : for example , to provide protection against the first $ 1 million of realized credit losses in a $ 10 million portfolio of exposure .", "such structures are commonly known as tranche cds .", "for both single-name cds contracts and index cds , upon the occurrence of a credit event , under the terms of a cds contract neither party to the cds contract has recourse to the reference entity .", "the protection purchaser has recourse to the protection seller for the difference between the face value of the cds contract and the fair value of the reference obligation at the time of settling the credit derivative contract , also known as the recovery value .", "the protection purchaser does not need to hold the debt instrument of the underlying reference entity in order to receive amounts due under the cds contract when a credit event occurs .", "credit-linked notes a credit linked note ( 201ccln 201d ) is a funded credit derivative where the issuer of the cln purchases credit protection on a referenced entity from the note investor .", "under the contract , the investor pays the issuer par value of the note at the inception of the transaction , and in return , the issuer pays periodic payments to the investor , based on the credit risk of the referenced entity .", "the issuer also repays the investor the par value of the note at maturity unless the reference entity experiences a specified credit event .", "in that event , the issuer is not obligated to repay the par value of the note , but rather , the issuer pays the investor the difference between the par value of the note ." ]

[ [ "December 31, 2009 (in millions)", "Derivative receivables", "Derivative payables" ], [ "Gross derivative fair value", "$1,565,518", "$1,519,183" ], [ "Nettingadjustment – offsetting receivables/payables", "(1,419,840)", "(1,419,840)" ], [ "Nettingadjustment – cash collateral received/paid", "(65,468)", "(39,218)" ], [ "Carrying value on Consolidated Balance Sheets", "$80,210", "$60,125" ] ]

[ [ "december 31 2009 ( in millions )", "derivative receivables", "derivative payables" ], [ "gross derivative fair value", "$ 1565518", "$ 1519183" ], [ "nettingadjustment 2013 offsetting receivables/payables", "-1419840 ( 1419840 )", "-1419840 ( 1419840 )" ], [ "nettingadjustment 2013 cash collateral received/paid", "-65468 ( 65468 )", "-39218 ( 39218 )" ], [ "carrying value on consolidated balance sheets", "$ 80210", "$ 60125" ] ]

[]

[ "mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the company does not make any contributions to its postretirement plan other than funding benefits payments .", "the following table summarizes expected net benefit payments from the company 2019s general assets through 2019 : benefit payments expected subsidy receipts benefit payments ." ]

[ "the company provides limited postemployment benefits to eligible former u.s .", "employees , primarily severance under a formal severance plan ( the 201cseverance plan 201d ) .", "the company accounts for severance expense by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods .", "the company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions .", "as a result of updating the assumptions , the company recorded incremental severance expense ( benefit ) related to the severance plan of $ 3471 , $ 2643 and $ ( 3418 ) , respectively , during the years 2009 , 2008 and 2007 .", "these amounts were part of total severance expenses of $ 135113 , $ 32997 and $ 21284 in 2009 , 2008 and 2007 , respectively , included in general and administrative expenses in the accompanying consolidated statements of operations .", "note 14 .", "debt on april 28 , 2008 , the company extended its committed unsecured revolving credit facility , dated as of april 28 , 2006 ( the 201ccredit facility 201d ) , for an additional year .", "the new expiration date of the credit facility is april 26 , 2011 .", "the available funding under the credit facility will remain at $ 2500000 through april 27 , 2010 and then decrease to $ 2000000 during the final year of the credit facility agreement .", "other terms and conditions in the credit facility remain unchanged .", "the company 2019s option to request that each lender under the credit facility extend its commitment was provided pursuant to the original terms of the credit facility agreement .", "borrowings under the facility are available to provide liquidity in the event of one or more settlement failures by mastercard international customers and , subject to a limit of $ 500000 , for general corporate purposes .", "the facility fee and borrowing cost are contingent upon the company 2019s credit rating .", "at december 31 , 2009 , the facility fee was 7 basis points on the total commitment , or approximately $ 1774 annually .", "interest on borrowings under the credit facility would be charged at the london interbank offered rate ( libor ) plus an applicable margin of 28 basis points or an alternative base rate , and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% ( 50 % ) of commitments .", "at the inception of the credit facility , the company also agreed to pay upfront fees of $ 1250 and administrative fees of $ 325 , which are being amortized over five years .", "facility and other fees associated with the credit facility totaled $ 2222 , $ 2353 and $ 2477 for each of the years ended december 31 , 2009 , 2008 and 2007 , respectively .", "mastercard was in compliance with the covenants of the credit facility and had no borrowings under the credit facility at december 31 , 2009 or december 31 , 2008 .", "the majority of credit facility lenders are members or affiliates of members of mastercard international .", "in june 1998 , mastercard international issued ten-year unsecured , subordinated notes ( the 201cnotes 201d ) paying a fixed interest rate of 6.67% ( 6.67 % ) per annum .", "mastercard repaid the entire principal amount of $ 80000 on june 30 , 2008 pursuant to the terms of the notes .", "the interest expense on the notes was $ 2668 and $ 5336 for each of the years ended december 31 , 2008 and 2007 , respectively. ." ]

[ [ "", "Benefit Payments", "Expected Subsidy Receipts", "Net Benefit Payments" ], [ "2010", "$2,714", "$71", "$2,643" ], [ "2011", "3,028", "91", "2,937" ], [ "2012", "3,369", "111", "3,258" ], [ "2013", "3,660", "134", "3,526" ], [ "2014", "4,019", "151", "3,868" ], [ "2015 – 2019", "22,686", "1,071", "21,615" ] ]

[ [ "", "benefit payments", "expected subsidy receipts", "net benefit payments" ], [ "2010", "$ 2714", "$ 71", "$ 2643" ], [ "2011", "3028", "91", "2937" ], [ "2012", "3369", "111", "3258" ], [ "2013", "3660", "134", "3526" ], [ "2014", "4019", "151", "3868" ], [ "2015 2013 2019", "22686", "1071", "21615" ] ]

[ { "arg1": "3369", "arg2": "3028", "op": "divide1-1", "res": "1.1126" }, { "arg1": "#0", "arg2": "const_1", "op": "minus1-2", "res": "11.26%" } ]

[ "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" ] ]

[]

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

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

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

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

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[ "performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2007 through october 28 , 2012 .", "this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period .", "the comparison assumes $ 100 was invested on october 28 , 2007 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any .", "dollar amounts in the graph are rounded to the nearest whole dollar .", "the performance shown in the graph represents past performance and should not be considered an indication of future performance .", "comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index * $ 100 invested on 10/28/07 in stock or 10/31/07 in index , including reinvestment of dividends .", "indexes calculated on month-end basis .", "copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .", "all rights reserved. ." ]

[ "dividends during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.09 per share each and one quarterly cash dividend in the amount of $ 0.08 per share .", "during fiscal 2011 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.08 per share each and one quarterly cash dividend in the amount of $ 0.07 per share .", "during fiscal 2010 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.07 per share each and one quarterly cash dividend in the amount of $ 0.06 .", "dividends declared during fiscal 2012 , 2011 and 2010 amounted to $ 438 million , $ 408 million and $ 361 million , respectively .", "applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders .", "10/28/07 10/26/08 10/25/09 10/31/10 10/30/11 10/28/12 applied materials , inc .", "s&p 500 rdg semiconductor composite ." ]

[ [ "", "10/28/2007", "10/26/2008", "10/25/2009", "10/31/2010", "10/30/2011", "10/28/2012" ], [ "Applied Materials", "100.00", "61.22", "71.06", "69.23", "72.37", "62.92" ], [ "S&P 500 Index", "100.00", "63.90", "70.17", "81.76", "88.37", "101.81" ], [ "RDG Semiconductor Composite Index", "100.00", "54.74", "68.59", "84.46", "91.33", "82.37" ] ]

[ [ "", "10/28/2007", "10/26/2008", "10/25/2009", "10/31/2010", "10/30/2011", "10/28/2012" ], [ "applied materials", "100.00", "61.22", "71.06", "69.23", "72.37", "62.92" ], [ "s&p 500 index", "100.00", "63.90", "70.17", "81.76", "88.37", "101.81" ], [ "rdg semiconductor composite index", "100.00", "54.74", "68.59", "84.46", "91.33", "82.37" ] ]

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[ "entergy corporation and subsidiaries management's financial discussion and analysis other income ( deductions ) changed from $ 47.6 million in 2002 to ( $ 36.0 million ) in 2003 primarily due to a decrease in \"miscellaneous - net\" as a result of a $ 107.7 million accrual in the second quarter of 2003 for the loss that would be associated with a final , non-appealable decision disallowing abeyed river bend plant costs .", "see note 2 to the consolidated financial statements for more details regarding the river bend abeyed plant costs .", "the decrease was partially offset by an increase in interest and dividend income as a result of the implementation of sfas 143 .", "interest on long-term debt decreased from $ 462.0 million in 2002 to $ 433.5 million in 2003 primarily due to the redemption and refinancing of long-term debt .", "non-utility nuclear following are key performance measures for non-utility nuclear: ." ]

[ "2004 compared to 2003 the decrease in earnings for non-utility nuclear from $ 300.8 million to $ 245.0 million was primarily due to the $ 154.5 million net-of-tax cumulative effect of a change in accounting principle that increased earnings in the first quarter of 2003 upon implementation of sfas 143 .", "see \"critical accounting estimates - sfas 143\" below for discussion of the implementation of sfas 143 .", "earnings before the cumulative effect of accounting change increased by $ 98.7 million primarily due to the following : 2022 lower operation and maintenance expenses , which decreased from $ 681.8 million in 2003 to $ 595.7 million in 2004 , primarily resulting from charges recorded in 2003 in connection with the voluntary severance program ; 2022 higher revenues , which increased from $ 1.275 billion in 2003 to $ 1.342 billion in 2004 , primarily resulting from higher contract pricing .", "the addition of a support services contract for the cooper nuclear station and increased generation in 2004 due to power uprates completed in 2003 and fewer planned and unplanned outages in 2004 also contributed to the higher revenues ; and 2022 miscellaneous income resulting from a reduction in the decommissioning liability for a plant , as discussed in note 8 to the consolidated financial statements .", "partially offsetting this increase were the following : 2022 higher income taxes , which increased from $ 88.6 million in 2003 to $ 142.6 million in 2004 ; and 2022 higher depreciation expense , which increased from $ 34.3 million in 2003 to $ 48.9 million in 2004 , due to additions to plant in service .", "2003 compared to 2002 the increase in earnings for non-utility nuclear from $ 200.5 million to $ 300.8 million was primarily due to the $ 154.5 million net-of-tax cumulative effect of a change in accounting principle recognized in the first quarter of 2003 upon implementation of sfas 143 .", "see \"critical accounting estimates - sfas 143\" below for discussion of the implementation of sfas 143 .", "income before the cumulative effect of accounting change decreased by $ 54.2 million .", "the decrease was primarily due to $ 83.0 million ( $ 50.6 million net-of-tax ) of charges recorded in connection with the voluntary severance program .", "except for the effect of the voluntary severance program , operation and maintenance expenses in 2003 per mwh of generation were in line with 2002 operation and maintenance expenses. ." ]

[ [ "", "2004", "2003", "2002" ], [ "Net MW in operation at December 31", "4,058", "4,001", "3,955" ], [ "Average realized price per MWh", "$41.26", "$39.38", "$40.07" ], [ "Generation in GWh for the year", "32,524", "32,379", "29,953" ], [ "Capacity factor for the year", "92%", "92%", "93%" ] ]

[ [ "", "2004", "2003", "2002" ], [ "net mw in operation at december 31", "4058", "4001", "3955" ], [ "average realized price per mwh", "$ 41.26", "$ 39.38", "$ 40.07" ], [ "generation in gwh for the year", "32524", "32379", "29953" ], [ "capacity factor for the year", "92% ( 92 % )", "92% ( 92 % )", "93% ( 93 % )" ] ]

[ { "arg1": "245.0", "arg2": "300.8", "op": "minus2-1", "res": "-55.8" }, { "arg1": "#0", "arg2": "300.8", "op": "divide2-2", "res": "-18.6%" } ]

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

[ "." ]

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

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

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[ "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 ( 201cnyse 201d ) for the years 2007 and 2006. ." ]

[ "on february 29 , 2008 , the closing price of our class a common stock was $ 38.44 per share as reported on the nyse .", "as of february 29 , 2008 , we had 395748826 outstanding shares of class a common stock and 528 registered holders .", "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 ( 201c7.50% ( 201c7.50 % ) notes 201d ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 201c7.125% ( 201c7.125 % ) notes 201d ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .", "the loan agreement for our revolving credit facility and the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied .", "in addition , while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization .", "for more information about the restrictions under the loan agreement for the revolving credit facility , our notes indentures and the loan agreement related to the securitization , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 3 to our consolidated financial statements included in this annual report. ." ]

[ [ "2007", "High", "Low" ], [ "Quarter ended March 31", "$41.31", "$36.63" ], [ "Quarter ended June 30", "43.84", "37.64" ], [ "Quarter ended September 30", "45.45", "36.34" ], [ "Quarter ended December 31", "46.53", "40.08" ], [ "2006", "High", "Low" ], [ "Quarter ended March 31", "$32.68", "$26.66" ], [ "Quarter ended June 30", "35.75", "27.35" ], [ "Quarter ended September 30", "36.92", "29.98" ], [ "Quarter ended December 31", "38.74", "35.21" ] ]

[ [ "2007", "high", "low" ], [ "quarter ended march 31", "$ 41.31", "$ 36.63" ], [ "quarter ended june 30", "43.84", "37.64" ], [ "quarter ended september 30", "45.45", "36.34" ], [ "quarter ended december 31", "46.53", "40.08" ], [ "2006", "high", "low" ], [ "quarter ended march 31", "$ 32.68", "$ 26.66" ], [ "quarter ended june 30", "35.75", "27.35" ], [ "quarter ended september 30", "36.92", "29.98" ], [ "quarter ended december 31", "38.74", "35.21" ] ]

[]

[ "notes to the consolidated financial statements at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest .", "cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) .", "the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes .", "in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) .", "the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility .", "in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 .", "there were no outstanding amounts due under either revolving facility at the times of their termination .", "the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions .", "the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 .", "the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement .", "additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum .", "the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc .", "for the company 2019s non-credit enhanced , long- term , senior , unsecured debt .", "there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s .", "dollar denominated borrowing would have been 1.05 percent .", "the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets .", "the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less .", "the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency .", "ppg 2019s non-u.s .", "operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 .", "these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees .", "short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec .", "31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures .", "the company 2019s revolving credit agreements include a financial ratio covenant .", "the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "as of december 31 , 2011 , total indebtedness was 43 percent of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "additionally , substantially all of the company 2019s debt agreements contain customary cross-default provisions .", "those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements .", "none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates .", "interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively .", "in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) .", "the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares .", "in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k ." ]

[ "notes to the consolidated financial statements at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest .", "cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) .", "the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes .", "in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) .", "the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility .", "in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 .", "there were no outstanding amounts due under either revolving facility at the times of their termination .", "the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions .", "the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 .", "the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement .", "additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum .", "the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc .", "for the company 2019s non-credit enhanced , long- term , senior , unsecured debt .", "there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s .", "dollar denominated borrowing would have been 1.05 percent .", "the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets .", "the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less .", "the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency .", "ppg 2019s non-u.s .", "operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 .", "these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees .", "short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec .", "31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures .", "the company 2019s revolving credit agreements include a financial ratio covenant .", "the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "as of december 31 , 2011 , total indebtedness was 43 percent of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "additionally , substantially all of the company 2019s debt agreements contain customary cross-default provisions .", "those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements .", "none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates .", "interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively .", "in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) .", "the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares .", "in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k ." ]

[ [ "<i>(Millions)</i>", "2011", "2010" ], [ "Other, weighted average 3.72% as of Dec. 31, 2011 and 3.39% as of December 31, 2010", "33", "24" ], [ "<i></i> <i>Total</i>", "$33", "$24" ] ]

[ [ "( millions )", "2011", "2010" ], [ "other weighted average 3.72% ( 3.72 % ) as of dec . 31 2011 and 3.39% ( 3.39 % ) as of december 31 2010", "33", "24" ], [ "total", "$ 33", "$ 24" ] ]

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[ "table of contents other equity method investments infraservs .", "we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants .", "our ownership interest in the equity investments in infraserv affiliates are as follows : as of december 31 , 2017 ( in percentages ) infraserv gmbh & co .", "gendorf kg ( 1 ) ................................................................................................... .", "39 ." ]

[ "infraserv gmbh & co .", "knapsack kg ( 1 ) ................................................................................................ .", "27 ______________________________ ( 1 ) see note 29 - subsequent events in the accompanying consolidated financial statements for further information .", "research and development our business models leverage innovation and conduct research and development activities to develop new , and optimize existing , production technologies , as well as to develop commercially viable new products and applications .", "research and development expense was $ 72 million , $ 78 million and $ 119 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "we consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives .", "intellectual property we attach importance to protecting our intellectual property , including safeguarding our confidential information and through our patents , trademarks and copyrights , in order to preserve our investment in research and development , manufacturing and marketing .", "patents may cover processes , equipment , products , intermediate products and product uses .", "we also seek to register trademarks as a means of protecting the brand names of our company and products .", "patents .", "in most industrial countries , patent protection exists for new substances and formulations , as well as for certain unique applications and production processes .", "however , we do business in regions of the world where intellectual property protection may be limited and difficult to enforce .", "confidential information .", "we maintain stringent information security policies and procedures wherever we do business .", "such information security policies and procedures include data encryption , controls over the disclosure and safekeeping of confidential information and trade secrets , as well as employee awareness training .", "trademarks .", "amcel ae , aoplus ae , ateva ae , avicor ae , celanese ae , celanex ae , celcon ae , celfx ae , celstran ae , celvolit ae , clarifoil ae , dur- o-set ae , ecomid ae , ecovae ae , forflex ae , forprene ae , frianyl ae , fortron ae , ghr ae , gumfit ae , gur ae , hostaform ae , laprene ae , metalx ae , mowilith ae , mt ae , nilamid ae , nivionplast ae , nutrinova ae , nylfor ae , pibiflex ae , pibifor ae , pibiter ae , polifor ae , resyn ae , riteflex ae , slidex ae , sofprene ae , sofpur ae , sunett ae , talcoprene ae , tecnoprene ae , thermx ae , tufcor ae , vantage ae , vectra ae , vinac ae , vinamul ae , vitaldose ae , zenite ae and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by celanese .", "the foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by celanese .", "fortron ae is a registered trademark of fortron industries llc .", "hostaform ae is a registered trademark of hoechst gmbh .", "mowilith ae and nilamid ae are registered trademarks of celanese in most european countries .", "we monitor competitive developments and defend against infringements on our intellectual property rights .", "neither celanese nor any particular business segment is materially dependent upon any one patent , trademark , copyright or trade secret .", "environmental and other regulation matters pertaining to environmental and other regulations are discussed in item 1a .", "risk factors , as well as note 2 - summary of accounting policies , note 16 - environmental and note 24 - commitments and contingencies in the accompanying consolidated financial statements. ." ]

[ [ "", "As of December 31, 2017 (In percentages)" ], [ "InfraServ GmbH & Co. Gendorf KG⁽¹⁾", "39" ], [ "InfraServ GmbH & Co. Hoechst KG", "32" ], [ "InfraServ GmbH & Co. Knapsack KG⁽¹⁾", "27" ] ]

[ [ "", "as of december 31 2017 ( in percentages )" ], [ "infraserv gmbh & co . gendorf kg ( 1 )", "39" ], [ "infraserv gmbh & co . hoechst kg", "32" ], [ "infraserv gmbh & co . knapsack kg ( 1 )", "27" ] ]

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[ "management 2019s discussion and analysis of financial condition and results of operations ( continued ) the following results drove changes in ccg operating income by approximately the amounts indicated: ." ]

[ "1 higher gross margin from higher ccg platform revenue was driven by higher average selling prices on notebook and desktop platforms , offset by lower desktop and notebook platform unit sales .", "2 lower gross margin from lower ccg platform revenue was driven by lower desktop and notebook platform unit sales , partially offset by higher average selling prices on desktop , notebook , and tablet platforms .", "data center group segment product overview the dcg operating segment offers platforms designed to provide leading energy-efficient performance for all server , network , and storage applications .", "in addition , dcg focuses on lowering the total cost of ownership on other specific workload- optimizations for the enterprise , cloud service providers , and communications service provider market segments .", "in 2016 , we launched the following platforms with an array of functionalities and advancements : 2022 intel ae xeon ae processor e5 v4 family , the foundation for high performing clouds and delivers energy-efficient performance for server , network , and storage workloads .", "2022 intel xeon processor e7 v4 family , targeted at platforms requiring four or more cpus ; this processor family delivers high performance and is optimized for real-time analytics and in-memory computing , along with industry-leading reliability , availability , and serviceability .", "2022 intel ae xeon phi 2122 product family , formerly code-named knights landing , with up to 72 high-performance intel processor cores , integrated memory and fabric , and a common software programming model with intel xeon processors .", "the intel xeon phi product family is designed for highly parallel compute and memory bandwidth-intensive workloads .", "intel xeon phi processors are positioned to increase the performance of supercomputers , enabling trillions of calculations per second , and to address emerging data analytics and artificial intelligence solutions .", "in 2017 , we expect to release our next generation of intel xeon processors for compute , storage , and network ; a next-generation intel xeon phi processor optimized for deep learning ; and a suite of single-socket products , including next-generation intel xeon e3 processors , next-generation intel atom processors , and next-generation intel xeon-d processors for dense solutions. ." ]

[ [ "(In Millions)", "Operating Income Reconciliation" ], [ "$10,646", "2016 CCG Operating Income" ], [ "1,250", "Lower CCG platform unit cost" ], [ "905", "Lower CCG operating expense" ], [ "625", "Higher gross margin from CCG platform revenue¹" ], [ "(645)", "Higher factory start-up costs, primarily driven by the ramp of our 10nm process technology" ], [ "345", "Other" ], [ "$8,166", "2015 CCG Operating Income" ], [ "(2,060)", "Higher CCG platform unit costs" ], [ "(1,565)", "Lower gross margin from CCG platform revenue²" ], [ "435", "Lower factory start-up costs, primarily driven by the ramp of our 14nm process technology" ], [ "430", "Lower production costs primarily on our 14nm products, treated as period charges in 2014" ], [ "375", "Lower operating expense" ], [ "224", "Other" ], [ "$10,327", "2014 CCG Operating Income" ] ]

[ [ "( in millions )", "operating income reconciliation" ], [ "$ 10646", "2016 ccg operating income" ], [ "1250", "lower ccg platform unit cost" ], [ "905", "lower ccg operating expense" ], [ "625", "higher gross margin from ccg platform revenue1" ], [ "-645 ( 645 )", "higher factory start-up costs primarily driven by the ramp of our 10nm process technology" ], [ "345", "other" ], [ "$ 8166", "2015 ccg operating income" ], [ "-2060 ( 2060 )", "higher ccg platform unit costs" ], [ "-1565 ( 1565 )", "lower gross margin from ccg platform revenue2" ], [ "435", "lower factory start-up costs primarily driven by the ramp of our 14nm process technology" ], [ "430", "lower production costs primarily on our 14nm products treated as period charges in 2014" ], [ "375", "lower operating expense" ], [ "224", "other" ], [ "$ 10327", "2014 ccg operating income" ] ]

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[ "flows of the company 2019s subsidiaries , the receipt of dividends and repayments of indebtedness from the company 2019s subsidiaries , compliance with delaware corporate and other laws , compliance with the contractual provisions of debt and other agreements , and other factors .", "the company 2019s dividend rate on its common stock is determined by the board of directors on a quarterly basis and takes into consideration , among other factors , current and possible future developments that may affect the company 2019s income and cash flows .", "when dividends on common stock are declared , they are typically paid in march , june , september and december .", "historically , dividends have been paid quarterly to holders of record less than 30 days prior to the distribution date .", "since the dividends on the company 2019s common stock are not cumulative , only declared dividends are paid .", "during 2018 , 2017 and 2016 , the company paid $ 319 million , $ 289 million and $ 261 million in cash dividends , respectively .", "the following table provides the per share cash dividends paid for the years ended december 31: ." ]

[ "on december 7 , 2018 , the company 2019s board of directors declared a quarterly cash dividend payment of $ 0.455 per share payable on march 1 , 2019 , to shareholders of record as of february 7 , 2019 .", "equity forward transaction see note 4 2014acquisitions and divestitures for information regarding the forward sale agreements entered into by the company on april 11 , 2018 , and the subsequent settlement of these agreements on june 7 , 2018 .", "regulatory restrictions the issuance of long-term debt or equity securities by the company or american water capital corp .", "( 201cawcc 201d ) , the company 2019s wholly owned financing subsidiary , does not require authorization of any state puc if no guarantee or pledge of the regulated subsidiaries is utilized .", "however , state puc authorization is required to issue long-term debt at most of the company 2019s regulated subsidiaries .", "the company 2019s regulated subsidiaries normally obtain the required approvals on a periodic basis to cover their anticipated financing needs for a period of time or in connection with a specific financing .", "under applicable law , the company 2019s subsidiaries can pay dividends only from retained , undistributed or current earnings .", "a significant loss recorded at a subsidiary may limit the dividends that the subsidiary can distribute to american water .", "furthermore , the ability of the company 2019s subsidiaries to pay upstream dividends or repay indebtedness to american water is subject to compliance with applicable regulatory restrictions and financial obligations , including , for example , debt service and preferred and preference stock dividends , as well as applicable corporate , tax and other laws and regulations , and other agreements or covenants made or entered into by the company and its subsidiaries .", "note 10 : stock based compensation the company has granted stock options , stock units and dividend equivalents to non-employee directors , officers and other key employees of the company pursuant to the terms of its 2007 omnibus equity compensation plan ( the 201c2007 plan 201d ) .", "stock units under the 2007 plan generally vest based on ( i ) continued employment with the company ( 201crsus 201d ) , or ( ii ) continued employment with the company where distribution of the shares is subject to the satisfaction in whole or in part of stated performance-based goals ( 201cpsus 201d ) .", "the total aggregate number of shares of common stock that may be issued under the 2007 plan is 15.5 million .", "as of ." ]

[ [ "", "2018", "2017", "2016" ], [ "December", "$0.455", "$0.415", "$0.375" ], [ "September", "$0.455", "$0.415", "$0.375" ], [ "June", "$0.455", "$0.415", "$0.375" ], [ "March", "$0.415", "$0.375", "$0.34" ] ]

[ [ "", "2018", "2017", "2016" ], [ "december", "$ 0.455", "$ 0.415", "$ 0.375" ], [ "september", "$ 0.455", "$ 0.415", "$ 0.375" ], [ "june", "$ 0.455", "$ 0.415", "$ 0.375" ], [ "march", "$ 0.415", "$ 0.375", "$ 0.34" ] ]

[]

[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) of certain of its assets and liabilities under its interest rate swap agreements held as of december 31 , 2006 and entered into during the first half of 2007 .", "in addition , the company paid $ 8.0 million related to a treasury rate lock agreement entered into and settled during the year ended december 31 , 2008 .", "the cost of the treasury rate lock is being recognized as additional interest expense over the 10-year term of the 7.00% ( 7.00 % ) notes .", "during the year ended december 31 , 2007 , the company also received $ 3.1 million in cash upon settlement of the assets and liabilities under ten forward starting interest rate swap agreements with an aggregate notional amount of $ 1.4 billion , which were designated as cash flow hedges to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the certificates issued in the securitization in may 2007 .", "the settlement is being recognized as a reduction in interest expense over the five-year period for which the interest rate swaps were designated as hedges .", "the company also received $ 17.0 million in cash upon settlement of the assets and liabilities under thirteen additional interest rate swap agreements with an aggregate notional amount of $ 850.0 million that managed exposure to variability of interest rates under the credit facilities but were not considered cash flow hedges for accounting purposes .", "this gain is included in other income in the accompanying consolidated statement of operations for the year ended december 31 , 2007 .", "as of december 31 , 2008 and 2007 , other comprehensive ( loss ) income included the following items related to derivative financial instruments ( in thousands ) : ." ]

[ "during the years ended december 31 , 2008 and 2007 , the company recorded an aggregate net unrealized loss of approximately $ 15.8 million and $ 3.2 million , respectively ( net of a tax provision of approximately $ 10.2 million and $ 2.0 million , respectively ) in other comprehensive loss for the change in fair value of interest rate swaps designated as cash flow hedges and reclassified an aggregate of $ 0.1 million and $ 6.2 million , respectively ( net of an income tax provision of $ 2.0 million and an income tax benefit of $ 3.3 million , respectively ) into results of operations .", "9 .", "fair valuemeasurements the company determines the fair market values of its financial instruments based on the fair value hierarchy established in sfas no .", "157 , which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value .", "the standard describes three levels of inputs that may be used to measure fair value .", "level 1 quoted prices in active markets for identical assets or liabilities that the company has the ability to access at the measurement date .", "the company 2019s level 1 assets consist of available-for-sale securities traded on active markets as well as certain brazilian treasury securities that are highly liquid and are actively traded in over-the-counter markets .", "level 2 observable inputs other than level 1 prices , such as quoted prices for similar assets or liabilities ; quoted prices in markets that are not active ; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ." ]

[ [ "", "2008", "2007" ], [ "Deferred loss on the settlement of the treasury rate lock, net of tax", "$(4,332)", "$(4,901)" ], [ "Deferred gain on the settlement of interest rate swap agreements entered into in connection with the Securitization, net oftax", "1,238", "1,636" ], [ "Unrealized losses related to interest rate swap agreements, net of tax", "(16,349)", "(486)" ] ]

[ [ "", "2008", "2007" ], [ "deferred loss on the settlement of the treasury rate lock net of tax", "$ -4332 ( 4332 )", "$ -4901 ( 4901 )" ], [ "deferred gain on the settlement of interest rate swap agreements entered into in connection with the securitization net oftax", "1238", "1636" ], [ "unrealized losses related to interest rate swap agreements net of tax", "-16349 ( 16349 )", "-486 ( 486 )" ] ]

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[ "during 2005 , we amended our $ 1.0 billion unsecured revolving credit facility to extend its maturity date from march 27 , 2008 to march 27 , 2010 , and reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) and the commitment fee to 0.2% ( 0.2 % ) of the undrawn portion of the facility at december 31 , 2005 .", "in addition , in 2005 , we entered into two $ 100.0 million unsecured term loans , due 2010 , at an effective interest rate of libor plus 0.8% ( 0.8 % ) at december 31 , 2005 .", "during 2004 , we entered into an eight-year , $ 225.0 million unse- cured term loan , at libor plus 1.75% ( 1.75 % ) , which was amended in 2005 to reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) at december 31 , 2005 .", "the liquid yield option 2122 notes and the zero coupon convertible notes are unsecured zero coupon bonds with yields to maturity of 4.875% ( 4.875 % ) and 4.75% ( 4.75 % ) , respectively , due 2021 .", "each liquid yield option 2122 note and zero coupon convertible note was issued at a price of $ 381.63 and $ 391.06 , respectively , and will have a principal amount at maturity of $ 1000 .", "each liquid yield option 2122 note and zero coupon convertible note is convertible at the option of the holder into 11.7152 and 15.6675 shares of common stock , respec- tively , if the market price of our common stock reaches certain lev- els .", "these conditions were met at december 31 , 2005 and 2004 for the zero coupon convertible notes and at december 31 , 2004 for the liquid yield option 2122 notes .", "since february 2 , 2005 , we have the right to redeem the liquid yield option 2122 notes and commencing on may 18 , 2006 , we will have the right to redeem the zero coupon con- vertible notes at their accreted values for cash as a whole at any time , or from time to time in part .", "holders may require us to pur- chase any outstanding liquid yield option 2122 notes at their accreted value on february 2 , 2011 and any outstanding zero coupon con- vertible notes at their accreted value on may 18 , 2009 and may 18 , 2014 .", "we may choose to pay the purchase price in cash or common stock or a combination thereof .", "during 2005 , holders of our liquid yield option 2122 notes and zero coupon convertible notes converted approximately $ 10.4 million and $ 285.0 million , respectively , of the accreted value of these notes into approximately 0.3 million and 9.4 million shares , respec- tively , of our common stock and cash for fractional shares .", "in addi- tion , we called for redemption $ 182.3 million of the accreted bal- ance of outstanding liquid yield option 2122 notes .", "most holders of the liquid yield option 2122 notes elected to convert into shares of our common stock , rather than redeem for cash , resulting in the issuance of approximately 4.5 million shares .", "during 2005 , we prepaid a total of $ 297.0 million on a term loan secured by a certain celebrity ship and on a variable rate unsecured term loan .", "in 1996 , we entered into a $ 264.0 million capital lease to finance splendour of the seas and in 1995 we entered into a $ 260.0 million capital lease to finance legend of the seas .", "during 2005 , we paid $ 335.8 million in connection with the exercise of purchase options on these capital lease obligations .", "under certain of our agreements , the contractual interest rate and commitment fee vary with our debt rating .", "the unsecured senior notes and senior debentures are not redeemable prior to maturity .", "our debt agreements contain covenants that require us , among other things , to maintain minimum net worth and fixed charge cov- erage ratio and limit our debt to capital ratio .", "we are in compliance with all covenants as of december 31 , 2005 .", "following is a schedule of annual maturities on long-term debt as of december 31 , 2005 for each of the next five years ( in thousands ) : ." ]

[ "1 the $ 137.9 million accreted value of the zero coupon convertible notes at december 31 , 2005 is included in year 2009 .", "the holders of our zero coupon convertible notes may require us to purchase any notes outstanding at an accreted value of $ 161.7 mil- lion on may 18 , 2009 .", "this accreted value was calculated based on the number of notes outstanding at december 31 , 2005 .", "we may choose to pay any amounts in cash or common stock or a combination thereof .", "note 6 .", "shareholders 2019 equity on september 25 , 2005 , we announced that we and an investment bank had finalized a forward sale agreement relating to an asr transaction .", "as part of the asr transaction , we purchased 5.5 million shares of our common stock from the investment bank at an initial price of $ 45.40 per share .", "total consideration paid to repurchase such shares , including commissions and other fees , was approxi- mately $ 249.1 million and was recorded in shareholders 2019 equity as a component of treasury stock .", "the forward sale contract matured in february 2006 .", "during the term of the forward sale contract , the investment bank purchased shares of our common stock in the open market to settle its obliga- tion related to the shares borrowed from third parties and sold to us .", "upon settlement of the contract , we received 218089 additional shares of our common stock .", "these incremental shares will be recorded in shareholders 2019 equity as a component of treasury stock in the first quarter of 2006 .", "our employee stock purchase plan ( 201cespp 201d ) , which has been in effect since january 1 , 1994 , facilitates the purchase by employees of up to 800000 shares of common stock .", "offerings to employees are made on a quarterly basis .", "subject to certain limitations , the pur- chase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the pur- chase period and the last business day of each month of the pur- chase period .", "shares of common stock of 14476 , 13281 and 21280 38 royal caribbean cruises ltd .", "notes to the consolidated financial statements ( continued ) ." ]

[ [ "2006", "$600,883" ], [ "2007", "329,493" ], [ "2008", "245,257" ], [ "2009(1)", "361,449" ], [ "2010", "687,376" ] ]

[ [ "2006", "$ 600883" ], [ "2007", "329493" ], [ "2008", "245257" ], [ "2009 ( 1 )", "361449" ], [ "2010", "687376" ] ]

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[ "printing papers demand for printing papers products is closely corre- lated with changes in commercial printing and advertising activity , direct mail volumes and , for uncoated cut-size products , with changes in white- collar employment levels that affect the usage of copy and laser printer paper .", "pulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions .", "principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs .", "pr int ing papers net sales for 2012 were about flat with 2011 and increased 5% ( 5 % ) from 2010 .", "operat- ing profits in 2012 were 31% ( 31 % ) lower than in 2011 , but 25% ( 25 % ) higher than in 2010 .", "excluding facility closure costs and impairment costs , operating profits in 2012 were 30% ( 30 % ) lower than in 2011 and 25% ( 25 % ) lower than in 2010 .", "benefits from higher sales volumes ( $ 58 mil- lion ) were more than offset by lower sales price real- izations and an unfavorable product mix ( $ 233 million ) , higher operating costs ( $ 30 million ) , higher maintenance outage costs ( $ 17 million ) , higher input costs ( $ 32 million ) and other items ( $ 6 million ) .", "in addition , operating profits in 2011 included a $ 24 million gain related to the announced repurposing of our franklin , virginia mill to produce fluff pulp and an $ 11 million impairment charge related to our inverurie , scotland mill that was closed in 2009 .", "printing papers ." ]

[ "north american pr int ing papers net sales were $ 2.7 billion in 2012 , $ 2.8 billion in 2011 and $ 2.8 billion in 2010 .", "operating profits in 2012 were $ 331 million compared with $ 423 million ( $ 399 million excluding a $ 24 million gain associated with the repurposing of our franklin , virginia mill ) in 2011 and $ 18 million ( $ 333 million excluding facility clo- sure costs ) in 2010 .", "sales volumes in 2012 were flat with 2011 .", "average sales margins were lower primarily due to lower export sales prices and higher export sales volume .", "input costs were higher for wood and chemicals , but were partially offset by lower purchased pulp costs .", "freight costs increased due to higher oil prices .", "manufacturing operating costs were favorable reflecting strong mill performance .", "planned main- tenance downtime costs were slightly higher in 2012 .", "no market-related downtime was taken in either 2012 or 2011 .", "entering the first quarter of 2013 , sales volumes are expected to increase compared with the fourth quar- ter of 2012 reflecting seasonally stronger demand .", "average sales price realizations are expected to be relatively flat as sales price realizations for domestic and export uncoated freesheet roll and cutsize paper should be stable .", "input costs should increase for energy , chemicals and wood .", "planned maintenance downtime costs are expected to be about $ 19 million lower with an outage scheduled at our georgetown mill versus outages at our courtland and eastover mills in the fourth quarter of 2012 .", "braz i l ian papers net sales for 2012 were $ 1.1 bil- lion compared with $ 1.2 billion in 2011 and $ 1.1 bil- lion in 2010 .", "operating profits for 2012 were $ 163 million compared with $ 169 million in 2011 and $ 159 million in 2010 .", "sales volumes in 2012 were higher than in 2011 as international paper improved its segment position in the brazilian market despite weaker year-over-year conditions in most markets .", "average sales price realizations improved for domestic uncoated freesheet paper , but the benefit was more than offset by declining prices for exported paper .", "margins were favorably affected by an increased proportion of sales to the higher- margin domestic market .", "raw material costs increased for wood and chemicals , but costs for purchased pulp decreased .", "operating costs and planned maintenance downtime costs were lower than in 2011 .", "looking ahead to 2013 , sales volumes in the first quarter are expected to be lower than in the fourth quarter of 2012 due to seasonally weaker customer demand for uncoated freesheet paper .", "average sales price realizations are expected to increase in the brazilian domestic market due to the realization of an announced sales price increase for uncoated free- sheet paper , but the benefit should be partially offset by pricing pressures in export markets .", "average sales margins are expected to be negatively impacted by a less favorable geographic mix .", "input costs are expected to be about flat due to lower energy costs being offset by higher costs for wood , purchased pulp , chemicals and utilities .", "planned maintenance outage costs should be $ 4 million lower with no outages scheduled in the first quarter .", "operating costs should be favorably impacted by the savings generated by the start-up of a new biomass boiler at the mogi guacu mill .", "european papers net sales in 2012 were $ 1.4 bil- lion compared with $ 1.4 billion in 2011 and $ 1.3 bil- lion in 2010 .", "operating profits in 2012 were $ 179 million compared with $ 196 million ( $ 207 million excluding asset impairment charges related to our inverurie , scotland mill which was closed in 2009 ) in 2011 and $ 197 million ( $ 199 million excluding an asset impairment charge ) in 2010 .", "sales volumes in 2012 compared with 2011 were higher for uncoated freesheet paper in both europe and russia , while sales volumes for pulp were lower in both regions .", "average sales price realizations for uncoated ." ]

[ [ "In millions", "2012", "2011", "2010" ], [ "Sales", "$6,230", "$6,215", "$5,940" ], [ "Operating Profit", "599", "872", "481" ] ]

[ [ "in millions", "2012", "2011", "2010" ], [ "sales", "$ 6230", "$ 6215", "$ 5940" ], [ "operating profit", "599", "872", "481" ] ]

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[ "notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners .", "one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 .", "the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 ." ]

[ "vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company .", "the company purchases these raw material components directly from suppliers .", "these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively .", "the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales .", "derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk .", "foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales .", "the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments .", "the company records all derivatives on the balance sheet at fair value. ." ]

[ [ "", "September 29, 2007", "September 30, 2006", "September 24, 2005" ], [ "Beginning allowance balance", "$52", "$46", "$47" ], [ "Charged to costs and expenses", "12", "17", "8" ], [ "Deductions", "(17)", "(11)", "(9)" ], [ "Ending allowance balance", "$47", "$52", "$46" ] ]

[ [ "", "september 29 2007", "september 30 2006", "september 24 2005" ], [ "beginning allowance balance", "$ 52", "$ 46", "$ 47" ], [ "charged to costs and expenses", "12", "17", "8" ], [ "deductions", "-17 ( 17 )", "-11 ( 11 )", "-9 ( 9 )" ], [ "ending allowance balance", "$ 47", "$ 52", "$ 46" ] ]

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[ "edwards lifesciences corporation notes to consolidated financial statements ( continued ) 7 .", "acquisitions ( continued ) transaction closed on january 23 , 2017 , and the consideration paid included the issuance of approximately 2.8 million shares of the company 2019s common stock ( fair value of $ 266.5 million ) and cash of $ 86.2 million .", "the company recognized in 201ccontingent consideration liabilities 201d a $ 162.9 million liability for the estimated fair value of the contingent milestone payments .", "the fair value of the contingent milestone payments will be remeasured each quarter , with changes in the fair value recognized within operating expenses on the consolidated statements of operations .", "for further information on the fair value of the contingent milestone payments , see note 10 .", "in connection with the acquisition , the company placed $ 27.6 million of the purchase price into escrow to satisfy any claims for indemnification made in accordance with the merger agreement .", "any funds remaining 15 months after the acquisition date will be disbursed to valtech 2019s former shareholders .", "acquisition-related costs of $ 0.6 million and $ 4.1 million were recorded in 201cselling , general , and administrative expenses 201d during the years ended december 31 , 2017 and 2016 , respectively .", "prior to the close of the transaction , valtech spun off its early- stage transseptal mitral valve replacement technology program .", "concurrent with the closing , the company entered into an agreement for an exclusive option to acquire that program and its associated intellectual property for approximately $ 200.0 million , subject to certain adjustments , plus an additional $ 50.0 million if a certain european regulatory approval is obtained within 10 years of the acquisition closing date .", "the option expires two years after the closing date of the transaction , but can be extended by up to one year depending on the results of certain clinical trials .", "valtech is a developer of a transcatheter mitral and tricuspid valve repair system .", "the company plans to add this technology to its portfolio of mitral and tricuspid repair products .", "the acquisition was accounted for as a business combination .", "tangible and intangible assets acquired were recorded based on their estimated fair values at the acquisition date .", "the excess of the purchase price over the fair value of net assets acquired was recorded to goodwill .", "the following table summarizes the fair values of the assets acquired and liabilities assumed ( in millions ) : ." ]

[ "goodwill includes expected synergies and other benefits the company believes will result from the acquisition .", "goodwill was assigned to the company 2019s rest of world segment and is not deductible for tax purposes .", "ipr&d has been capitalized at fair value as an intangible asset with an indefinite life and will be assessed for impairment in subsequent periods .", "the fair value of the ipr&d was determined using the income approach .", "this approach determines fair value based on cash flow projections which are discounted to present value using a risk-adjusted rate of return .", "the discount rates used to determine the fair value of the ipr&d ranged from 18.0% ( 18.0 % ) to 20.0% ( 20.0 % ) .", "completion of successful design developments , bench testing , pre-clinical studies ." ]

[ [ "Current assets", "$22.7" ], [ "Property and equipment, net", "1.2" ], [ "Goodwill", "316.5" ], [ "Developed technology", "109.2" ], [ "IPR&D", "87.9" ], [ "Other assets", "0.8" ], [ "Current liabilities assumed", "(5.1)" ], [ "Deferred income taxes", "(17.6)" ], [ "Total purchase price", "515.6" ], [ "Less: cash acquired", "(4.3)" ], [ "Total purchase price, net of cash acquired", "$511.3" ] ]

[ [ "current assets", "$ 22.7" ], [ "property and equipment net", "1.2" ], [ "goodwill", "316.5" ], [ "developed technology", "109.2" ], [ "ipr&d", "87.9" ], [ "other assets", "0.8" ], [ "current liabilities assumed", "-5.1 ( 5.1 )" ], [ "deferred income taxes", "-17.6 ( 17.6 )" ], [ "total purchase price", "515.6" ], [ "less : cash acquired", "-4.3 ( 4.3 )" ], [ "total purchase price net of cash acquired", "$ 511.3" ] ]

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

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

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

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

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[ "item 12 2014security ownership of certain beneficial owners and management and related stockholder matters we incorporate by reference in this item 12 the information relating to ownership of our common stock by certain persons contained under the headings 201ccommon stock ownership of management 201d and 201ccommon stock ownership by certain other persons 201d from our proxy statement to be delivered in connection with our 2009 annual meeting of shareholders to be held on september 30 , 2009 .", "we have four compensation plans under which our equity securities are authorized for issuance .", "the global payments inc .", "amended and restated 2000 long-term incentive plan , global payments inc .", "amended and restated 2005 incentive plan , the non-employee director stock option plan , and employee stock purchase plan have been approved by security holders .", "the information in the table below is as of may 31 , 2009 .", "for more information on these plans , see note 11 to notes to consolidated financial statements .", "plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders: .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "4292668 $ 28 6570132 ( 1 ) equity compensation plans not approved by security holders: .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "2014 2014 2014 ." ]

[ "( 1 ) also includes shares of common stock available for issuance other than upon the exercise of an option , warrant or right under the global payments inc .", "2000 long-term incentive plan , as amended and restated , the global payments inc .", "amended and restated 2005 incentive plan and an amended and restated 2000 non-employee director stock option plan .", "item 13 2014certain relationships and related transactions , and director independence we incorporate by reference in this item 13 the information regarding certain relationships and related transactions between us and some of our affiliates and the independence of our board of directors contained under the headings 201ccertain relationships and related transactions 201d and 201cother information about the board and its committees 2014director independence 201d from our proxy statement to be delivered in connection with our 2009 annual meeting of shareholders to be held on september 30 , 2009 .", "item 14 2014principal accounting fees and services we incorporate by reference in this item 14 the information regarding principal accounting fees and services contained under the heading 201cauditor information 201d from our proxy statement to be delivered in connection with our 2009 annual meeting of shareholders to be held on september 30 , 2009. ." ]

[ [ "Plan category", "Number of securities to be issued upon exercise of outstanding options, warrants and rights (a)", "Weighted- average exercise price of outstanding options, warrants andrights (b)", "Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)", "" ], [ "Equity compensation plans approved by security holders:", "4,292,668", "$28", "6,570,132", "(1)" ], [ "Equity compensation plans not approved by security holders:", "—", "—", "—", "" ], [ "Total", "4,292,668", "$28", "6,570,132", "(1)" ] ]

[ [ "plan category", "number of securities to be issued upon exercise of outstanding options warrants and rights ( a )", "weighted- average exercise price of outstanding options warrants andrights ( b )", "number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )", "" ], [ "equity compensation plans approved by security holders:", "4292668", "$ 28", "6570132", "-1 ( 1 )" ], [ "equity compensation plans not approved by security holders:", "2014", "2014", "2014", "" ], [ "total", "4292668", "$ 28", "6570132", "-1 ( 1 )" ] ]

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[ "acquired is represented by allied 2019s infrastructure of market-based collection routes and its related integrated waste transfer and disposal channels , whose value has been included in goodwill .", "all of the goodwill and other intangible assets resulting from the allied acquisition are not deductible for income tax purposes .", "pro forma information the consolidated financial statements presented for republic include the operating results of allied from december 5 , 2008 , the date of the acquisition .", "the following pro forma information is presented assuming the acquisition had been completed as of january 1 , 2008 .", "the unaudited pro forma information presented has been prepared for illustrative purposes and is not intended to be indicative of the results of operations that would have actually occurred had the acquisition been consummated at the beginning of the periods presented or of future results of the combined operations .", "furthermore , the pro forma results do not give effect to all cost savings or incremental costs that occur as a result of the integration and consolidation of the acquisition ( in millions , except share and per share amounts ) .", "year ended december 31 , ( unaudited ) ." ]

[ "the unaudited pro forma financial information includes adjustments for amortization of identifiable intangible assets , accretion of discounts to fair value associated with debt , environmental , self-insurance and other liabilities , accretion of capping , closure and post-closure obligations and amortization of the related assets , and provision for income taxes .", "restructuring charges as a result of the 2008 allied acquisition , we committed to a restructuring plan related to our corporate overhead and other administrative and operating functions .", "the plan included closing our corporate office in florida , consolidating administrative functions to arizona , the former headquarters of allied , and reducing staffing levels .", "the plan also included closing and consolidating certain operating locations and terminating certain leases .", "during the years ended december 31 , 2010 and 2009 , we incurred $ 11.4 million , net of adjustments , and $ 63.2 million , respectively , of restructuring and integration charges related to our integration of allied .", "these charges and adjustments primarily related to severance and other employee termination and relocation benefits and consulting and professional fees .", "substantially all the charges are recorded in our corporate segment .", "we do not expect to incur additional charges to complete our plan .", "we expect that the remaining charges will be paid during 2011 .", "republic services , inc .", "notes to consolidated financial statements , continued ." ]

[ [ "", "Year Ended December 31, 2008 (unaudited)" ], [ "Revenue", "$9,362.2" ], [ "Net income", "285.7" ], [ "Basic earnings per share", "0.76" ], [ "Diluted earnings per share", "0.75" ] ]

[ [ "", "year ended december 31 2008 ( unaudited )" ], [ "revenue", "$ 9362.2" ], [ "net income", "285.7" ], [ "basic earnings per share", "0.76" ], [ "diluted earnings per share", "0.75" ] ]

[]

[ "shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .", "the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .", "the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2002 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc .", "comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 180.00 $ 200.00 $ 220.00 2002 20072006200520042003 s&p 500 ups dj transport ." ]

[ "securities authorized for issuance under equity compensation plans the following table provides information as of december 31 , 2007 regarding compensation plans under which our class a common stock is authorized for issuance .", "these plans do not authorize the issuance of our class b common stock. ." ]

[ [ "", "12/31/02", "12/31/03", "12/31/04", "12/31/05", "12/31/06", "12/31/07" ], [ "United Parcel Service, Inc.", "$100.00", "$119.89", "$139.55", "$124.88", "$127.08", "$122.64" ], [ "S&P 500 Index", "$100.00", "$128.68", "$142.68", "$149.69", "$173.33", "$182.85" ], [ "Dow Jones Transportation Average", "$100.00", "$131.84", "$168.39", "$188.00", "$206.46", "$209.40" ] ]

[ [ "", "12/31/02", "12/31/03", "12/31/04", "12/31/05", "12/31/06", "12/31/07" ], [ "united parcel service inc .", "$ 100.00", "$ 119.89", "$ 139.55", "$ 124.88", "$ 127.08", "$ 122.64" ], [ "s&p 500 index", "$ 100.00", "$ 128.68", "$ 142.68", "$ 149.69", "$ 173.33", "$ 182.85" ], [ "dow jones transportation average", "$ 100.00", "$ 131.84", "$ 168.39", "$ 188.00", "$ 206.46", "$ 209.40" ] ]

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[ "notes to consolidated financial statements derivatives with credit-related contingent features certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require the firm to post collateral or terminate the transactions based on changes in the firm 2019s credit ratings .", "the firm assesses 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 .", "the table below presents the aggregate fair value of net derivative liabilities under such agreements ( excluding application of collateral posted to reduce these liabilities ) , the related aggregate fair value of the assets posted as collateral , and the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in the firm 2019s credit ratings. ." ]

[ "additional collateral or termination payments for a one-notch downgrade 1072 911 additional collateral or termination payments for a two-notch downgrade 2815 2989 credit derivatives the firm enters into a broad array of credit derivatives in locations around the world to facilitate client transactions and to manage the credit risk associated with market- making and investing and lending activities .", "credit derivatives are actively managed based on the firm 2019s net risk position .", "credit derivatives are individually negotiated contracts and can have various settlement and payment conventions .", "credit events include failure to pay , bankruptcy , acceleration of indebtedness , restructuring , repudiation and dissolution of the reference entity .", "credit default swaps .", "single-name credit default swaps protect the buyer against the loss of principal on one or more bonds , loans or mortgages ( reference obligations ) in the event the issuer ( reference entity ) of the reference obligations suffers a credit event .", "the buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract .", "if there is no credit event , as defined in the contract , the seller of protection makes no payments to the buyer of protection .", "however , if a credit event occurs , the seller of protection is required to make a payment to the buyer of protection , which is calculated in accordance with the terms of the contract .", "credit indices , baskets and tranches .", "credit derivatives may reference a basket of single-name credit default swaps or a broad-based index .", "if a credit event occurs in one of the underlying reference obligations , the protection seller pays the protection buyer .", "the payment is typically a pro-rata portion of the transaction 2019s total notional amount based on the underlying defaulted reference obligation .", "in certain transactions , the credit risk of a basket or index is separated into various portions ( tranches ) , each having different levels of subordination .", "the most junior tranches cover initial defaults and once losses exceed the notional amount of these junior tranches , any excess loss is covered by the next most senior tranche in the capital structure .", "total return swaps .", "a total return swap transfers the risks relating to economic performance of a reference obligation from the protection buyer to the protection seller .", "typically , the protection buyer receives from the protection seller a floating rate of interest and protection against any reduction in fair value of the reference obligation , and in return the protection seller receives the cash flows associated with the reference obligation , plus any increase in the fair value of the reference obligation .", "132 goldman sachs 2014 annual report ." ]

[ [ "", "As of December" ], [ "<i>$ in millions</i>", "2014", "2013" ], [ "Net derivative liabilities under bilateral agreements", "$35,764", "$22,176" ], [ "Collateral posted", "30,824", "18,178" ], [ "Additional collateral or termination payments for a one-notch downgrade", "1,072", "911" ], [ "Additional collateral or termination payments for a two-notch downgrade", "2,815", "2,989" ] ]

[ [ "$ in millions", "as of december 2014", "as of december 2013" ], [ "net derivative liabilities under bilateral agreements", "$ 35764", "$ 22176" ], [ "collateral posted", "30824", "18178" ], [ "additional collateral or termination payments for a one-notch downgrade", "1072", "911" ], [ "additional collateral or termination payments for a two-notch downgrade", "2815", "2989" ] ]

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[ "we are continuing to invest in people and infrastructure to grow our presence in lines of businesses globally where we see an opportunity for ace to grow market share at reasonable terms .", "we are also continuing to invest in our enterprise risk management capability , our systems and data environment , and our research and development capabilities .", "critical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s .", "( gaap ) , are determined using best estimates and assumptions .", "while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented .", "we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 impairments to the carrying value of our investment portfolio ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill .", "we believe our accounting policies for these items are of critical importance to our consolidated financial statements .", "the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items .", "unpaid losses and loss expenses as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers .", "the estimate of the liabilities includes provisions for claims that have been reported but unpaid at the balance sheet date ( case reserves ) and for future obligations from claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional devel- opment on reported claims in instances where the case reserve is viewed to be potentially insufficient ) .", "the reserves provide for liabilities that exist for the company as of the balance sheet date .", "the loss reserve also includes an estimate of expenses associated with processing and settling these unpaid claims ( loss expenses ) .", "at december 31 , 2008 , our gross unpaid loss and loss expense reserves were $ 37.2 billion and our net unpaid loss and loss expense reserves were $ 24.2 billion .", "with the exception of certain structured settlements , for which the timing and amount of future claim payments are reliably determi- nable , our loss reserves are not discounted for the time value of money .", "in connection with such structured settlements , we carry reserves of $ 106 million ( net of discount ) .", "the table below presents a roll-forward of our unpaid losses and loss expenses for the indicated periods .", "( in millions of u.s .", "dollars ) losses reinsurance recoverable net losses ." ]

[ "." ]

[ [ "(in millions of U.S. dollars)", "Gross Losses", "Reinsurance Recoverable", "Net Losses" ], [ "Balance at December 31, 2006", "$35,517", "$13,509", "$22,008" ], [ "Losses and loss expenses incurred", "10,831", "3,480", "7,351" ], [ "Losses and loss expenses paid", "(9,516)", "(3,582)", "(5,934)" ], [ "Other (including foreign exchange revaluation)", "280", "113", "167" ], [ "Balance at December 31, 2007", "37,112", "13,520", "23,592" ], [ "Losses and loss expenses incurred", "10,944", "3,341", "7,603" ], [ "Losses and loss expenses paid", "(9,899)", "(3,572)", "(6,327)" ], [ "Other (including foreign exchange revaluation)", "(1,367)", "(387)", "(980)" ], [ "Losses and loss expenses acquired", "386", "33", "353" ], [ "Balance at December 31, 2008", "$37,176", "$12,935", "$24,241" ] ]

[ [ "( in millions of u.s . dollars )", "gross losses", "reinsurance recoverable", "net losses" ], [ "balance at december 31 2006", "$ 35517", "$ 13509", "$ 22008" ], [ "losses and loss expenses incurred", "10831", "3480", "7351" ], [ "losses and loss expenses paid", "-9516 ( 9516 )", "-3582 ( 3582 )", "-5934 ( 5934 )" ], [ "other ( including foreign exchange revaluation )", "280", "113", "167" ], [ "balance at december 31 2007", "37112", "13520", "23592" ], [ "losses and loss expenses incurred", "10944", "3341", "7603" ], [ "losses and loss expenses paid", "-9899 ( 9899 )", "-3572 ( 3572 )", "-6327 ( 6327 )" ], [ "other ( including foreign exchange revaluation )", "-1367 ( 1367 )", "-387 ( 387 )", "-980 ( 980 )" ], [ "losses and loss expenses acquired", "386", "33", "353" ], [ "balance at december 31 2008", "$ 37176", "$ 12935", "$ 24241" ] ]

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[ "13 .", "pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries .", "as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s .", "defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest .", "however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula .", "for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula .", "in addition , the company provides medical benefits , principally to its eligible u.s .", "retirees and their dependents , through its other postretirement benefit plans .", "the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans .", "net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: ." ]

[ "the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate .", "the net periodic benefit cost attributable to u.s .", "pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck .", "also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans .", "in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans .", "table of contents ." ]

[ [ "", "Pension Benefits", "Other Postretirement Benefits" ], [ "Years Ended December 31", "2013", "2012", "2011", "2013", "2012", "2011" ], [ "Service cost", "$682", "$555", "$619", "$102", "$82", "$110" ], [ "Interest cost", "665", "661", "718", "107", "121", "141" ], [ "Expected return on plan assets", "(1,097)", "(970)", "(972)", "(126)", "(136)", "(142)" ], [ "Net amortization", "336", "185", "201", "(50)", "(35)", "(17)" ], [ "Termination benefits", "58", "27", "59", "50", "18", "29" ], [ "Curtailments", "(23)", "(10)", "(86)", "(11)", "(7)", "1" ], [ "Settlements", "23", "18", "4", "—", "—", "—" ], [ "Net periodic benefit cost", "$644", "$466", "$543", "$72", "$43", "$122" ] ]

[ [ "years ended december 31", "pension benefits 2013", "pension benefits 2012", "pension benefits 2011", "pension benefits 2013", "pension benefits 2012", "2011" ], [ "service cost", "$ 682", "$ 555", "$ 619", "$ 102", "$ 82", "$ 110" ], [ "interest cost", "665", "661", "718", "107", "121", "141" ], [ "expected return on plan assets", "-1097 ( 1097 )", "-970 ( 970 )", "-972 ( 972 )", "-126 ( 126 )", "-136 ( 136 )", "-142 ( 142 )" ], [ "net amortization", "336", "185", "201", "-50 ( 50 )", "-35 ( 35 )", "-17 ( 17 )" ], [ "termination benefits", "58", "27", "59", "50", "18", "29" ], [ "curtailments", "-23 ( 23 )", "-10 ( 10 )", "-86 ( 86 )", "-11 ( 11 )", "-7 ( 7 )", "1" ], [ "settlements", "23", "18", "4", "2014", "2014", "2014" ], [ "net periodic benefit cost", "$ 644", "$ 466", "$ 543", "$ 72", "$ 43", "$ 122" ] ]

[]

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

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

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

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

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

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

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

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

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[ "contribution incurred in 2013 and foreign currency remeasurement , partially offset by the $ 50 million reduction of an indemnification asset .", "as adjusted .", "expense , as adjusted , increased $ 362 million , or 6% ( 6 % ) , to $ 6518 million in 2014 from $ 6156 million in 2013 .", "the increase in total expense , as adjusted , is primarily attributable to higher employee compensation and benefits and direct fund expense .", "amounts related to the reduction of the indemnification asset and the charitable contribution have been excluded from as adjusted results .", "2013 compared with 2012 gaap .", "expense increased $ 510 million , or 9% ( 9 % ) , from 2012 , primarily reflecting higher revenue-related expense and the $ 124 million expense related to the charitable contribution .", "employee compensation and benefits expense increased $ 273 million , or 8% ( 8 % ) , to $ 3560 million in 2013 from $ 3287 million in 2012 , reflecting higher headcount and higher incentive compensation driven by higher operating income , including higher performance fees .", "employees at december 31 , 2013 totaled approximately 11400 compared with approximately 10500 at december 31 , 2012 .", "distribution and servicing costs totaled $ 353 million in 2013 compared with $ 364 million in 2012 .", "these costs included payments to bank of america/merrill lynch under a global distribution agreement and payments to pnc , as well as other third parties , primarily associated with the distribution and servicing of client investments in certain blackrock products .", "distribution and servicing costs for 2013 and 2012 included $ 184 million and $ 195 million , respectively , attributable to bank of america/merrill lynch .", "direct fund expense increased $ 66 million , reflecting higher average aum , primarily related to ishares , where blackrock pays certain nonadvisory expense of the funds .", "general and administration expense increased $ 181 million , largely driven by the $ 124 million expense related to the charitable contribution , higher marketing and promotional costs and various lease exit costs .", "the full year 2012 included a one-time $ 30 million contribution to stifs .", "as adjusted .", "expense , as adjusted , increased $ 393 million , or 7% ( 7 % ) , to $ 6156 million in 2013 from $ 5763 million in 2012 .", "the increase in total expense , as adjusted , is primarily attributable to higher employee compensation and benefits , direct fund expense and general and administration expense .", "nonoperating results nonoperating income ( expense ) , less net income ( loss ) attributable to nci for 2014 , 2013 and 2012 was as follows : ( in millions ) 2014 2013 2012 nonoperating income ( expense ) , gaap basis $ ( 79 ) $ 116 $ ( 54 ) less : net income ( loss ) attributable to nci ( 1 ) ( 30 ) 19 ( 18 ) nonoperating income ( expense ) ( 2 ) ( 49 ) 97 ( 36 ) gain related to the charitable contribution 2014 ( 80 ) 2014 compensation expense related to ( appreciation ) depreciation on deferred compensation plans ( 7 ) ( 10 ) ( 6 ) nonoperating income ( expense ) , as adjusted ( 2 ) $ ( 56 ) $ 7 $ ( 42 ) ( 1 ) amounts included losses of $ 41 million and $ 38 million attributable to consolidated variable interest entities ( 201cvies 201d ) for 2014 and 2012 , respectively .", "during 2013 , the company did not record any nonoperating income ( loss ) or net income ( loss ) attributable to vies on the consolidated statements of income .", "( 2 ) net of net income ( loss ) attributable to nci. ." ]

[ "contribution incurred in 2013 and foreign currency remeasurement , partially offset by the $ 50 million reduction of an indemnification asset .", "as adjusted .", "expense , as adjusted , increased $ 362 million , or 6% ( 6 % ) , to $ 6518 million in 2014 from $ 6156 million in 2013 .", "the increase in total expense , as adjusted , is primarily attributable to higher employee compensation and benefits and direct fund expense .", "amounts related to the reduction of the indemnification asset and the charitable contribution have been excluded from as adjusted results .", "2013 compared with 2012 gaap .", "expense increased $ 510 million , or 9% ( 9 % ) , from 2012 , primarily reflecting higher revenue-related expense and the $ 124 million expense related to the charitable contribution .", "employee compensation and benefits expense increased $ 273 million , or 8% ( 8 % ) , to $ 3560 million in 2013 from $ 3287 million in 2012 , reflecting higher headcount and higher incentive compensation driven by higher operating income , including higher performance fees .", "employees at december 31 , 2013 totaled approximately 11400 compared with approximately 10500 at december 31 , 2012 .", "distribution and servicing costs totaled $ 353 million in 2013 compared with $ 364 million in 2012 .", "these costs included payments to bank of america/merrill lynch under a global distribution agreement and payments to pnc , as well as other third parties , primarily associated with the distribution and servicing of client investments in certain blackrock products .", "distribution and servicing costs for 2013 and 2012 included $ 184 million and $ 195 million , respectively , attributable to bank of america/merrill lynch .", "direct fund expense increased $ 66 million , reflecting higher average aum , primarily related to ishares , where blackrock pays certain nonadvisory expense of the funds .", "general and administration expense increased $ 181 million , largely driven by the $ 124 million expense related to the charitable contribution , higher marketing and promotional costs and various lease exit costs .", "the full year 2012 included a one-time $ 30 million contribution to stifs .", "as adjusted .", "expense , as adjusted , increased $ 393 million , or 7% ( 7 % ) , to $ 6156 million in 2013 from $ 5763 million in 2012 .", "the increase in total expense , as adjusted , is primarily attributable to higher employee compensation and benefits , direct fund expense and general and administration expense .", "nonoperating results nonoperating income ( expense ) , less net income ( loss ) attributable to nci for 2014 , 2013 and 2012 was as follows : ( in millions ) 2014 2013 2012 nonoperating income ( expense ) , gaap basis $ ( 79 ) $ 116 $ ( 54 ) less : net income ( loss ) attributable to nci ( 1 ) ( 30 ) 19 ( 18 ) nonoperating income ( expense ) ( 2 ) ( 49 ) 97 ( 36 ) gain related to the charitable contribution 2014 ( 80 ) 2014 compensation expense related to ( appreciation ) depreciation on deferred compensation plans ( 7 ) ( 10 ) ( 6 ) nonoperating income ( expense ) , as adjusted ( 2 ) $ ( 56 ) $ 7 $ ( 42 ) ( 1 ) amounts included losses of $ 41 million and $ 38 million attributable to consolidated variable interest entities ( 201cvies 201d ) for 2014 and 2012 , respectively .", "during 2013 , the company did not record any nonoperating income ( loss ) or net income ( loss ) attributable to vies on the consolidated statements of income .", "( 2 ) net of net income ( loss ) attributable to nci. ." ]

[ [ "<i>(in millions)</i>", "2014", "2013", "2012" ], [ "Nonoperating income (expense), GAAP basis", "$(79)", "$116", "$(54)" ], [ "Less: Net income (loss) attributableto NCI⁽¹⁾", "(30)", "19", "(18)" ], [ "Nonoperating income (expense)⁽²⁾", "(49)", "97", "(36)" ], [ "Gain related to the Charitable Contribution", "—", "(80)", "—" ], [ "Compensation expense related to (appreciation) depreciation on deferred compensation plans", "(7)", "(10)", "(6)" ], [ "Nonoperating income (expense), asadjusted⁽²⁾", "$(56)", "$7", "$(42)" ] ]

[ [ "( in millions )", "2014", "2013", "2012" ], [ "nonoperating income ( expense ) gaap basis", "$ -79 ( 79 )", "$ 116", "$ -54 ( 54 )" ], [ "less : net income ( loss ) attributableto nci ( 1 )", "-30 ( 30 )", "19", "-18 ( 18 )" ], [ "nonoperating income ( expense ) ( 2 )", "-49 ( 49 )", "97", "-36 ( 36 )" ], [ "gain related to the charitable contribution", "2014", "-80 ( 80 )", "2014" ], [ "compensation expense related to ( appreciation ) depreciation on deferred compensation plans", "-7 ( 7 )", "-10 ( 10 )", "-6 ( 6 )" ], [ "nonoperating income ( expense ) asadjusted ( 2 )", "$ -56 ( 56 )", "$ 7", "$ -42 ( 42 )" ] ]

[ { "arg1": "11400", "arg2": "10500", "op": "minus1-1", "res": "900" }, { "arg1": "#0", "arg2": "10500", "op": "divide1-2", "res": "8.6%" } ]

[ "entergy louisiana , llc management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .", "following is an analysis of the change in net revenue comparing 2007 to 2006 .", "amount ( in millions ) ." ]

[ "the base revenues variance is primarily due to increases effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing capacity costs .", "see \"state and local rate regulation\" below and note 2 to the financial statements for a discussion of the formula rate plan filing .", "the volume/weather variance is due to increased electricity usage , including electricity sales during the unbilled service period .", "billed retail electricity usage increased a total of 666 gwh in all sectors compared to 2006 .", "see \"critical accounting estimates\" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues .", "the transmission revenue variance is primarily due to higher rates .", "the purchased power capacity variance is primarily due to higher purchased power capacity charges and the amortization of capacity charges effective september 2006 as a result of the formula rate plan filing in may 2006 .", "a portion of the purchased power capacity costs is offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges , as mentioned above .", "see \"state and local rate regulation\" below and note 2 to the financial statements for a discussion of the formula rate plan filing .", "gross operating revenues , fuel , purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to : an increase of $ 143.1 million in fuel cost recovery revenues due to higher fuel rates and usage ; an increase of $ 78.4 million in base revenues , as discussed above ; and an increase of $ 37.5 million related to volume/weather , as discussed above .", "fuel and purchased power expenses increased primarily due to an increase in net area demand and an increase in deferred fuel expense as a result of higher fuel rates , as discussed above .", "other regulatory credits decreased primarily due to the deferral of capacity charges in 2006 in addition to the amortization of these capacity charges in 2007 as a result of the may 2006 formula rate plan filing ( for the 2005 test year ) with the lpsc to recover such costs through base rates effective september 2006 .", "see note 2 to the financial statements for a discussion of the formula rate plan and storm cost recovery filings with the lpsc. ." ]

[ [ "", "Amount (In Millions)" ], [ "2006 net revenue", "$942.1" ], [ "Base revenues", "78.4" ], [ "Volume/weather", "37.5" ], [ "Transmission revenue", "9.2" ], [ "Purchased power capacity", "(80.0)" ], [ "Other", "3.9" ], [ "2007 net revenue", "$991.1" ] ]

[ [ "", "amount ( in millions )" ], [ "2006 net revenue", "$ 942.1" ], [ "base revenues", "78.4" ], [ "volume/weather", "37.5" ], [ "transmission revenue", "9.2" ], [ "purchased power capacity", "-80.0 ( 80.0 )" ], [ "other", "3.9" ], [ "2007 net revenue", "$ 991.1" ] ]

[ { "arg1": "991.1", "arg2": "942.1", "op": "minus2-1", "res": "49" }, { "arg1": "37.5", "arg2": "#0", "op": "divide2-2", "res": "76.5%" } ]

[ "guarantees we adopted fasb interpretation no .", "45 ( 201cfin 45 201d ) , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d at the beginning of our fiscal 2003 .", "see 201crecent accounting pronouncements 201d for further information regarding fin 45 .", "the lease agreements for our three office buildings in san jose , california provide for residual value guarantees .", "these lease agreements were in place prior to december 31 , 2002 and are disclosed in note 14 .", "in the normal course of business , we provide indemnifications of varying scope to customers against claims of intellectual property infringement made by third parties arising from the use of our products .", "historically , costs related to these indemnification provisions have not been significant and we are unable to estimate the maximum potential impact of these indemnification provisions on our future results of operations .", "we have commitments to make certain milestone and/or retention payments typically entered into in conjunction with various acquisitions , for which we have made accruals in our consolidated financial statements .", "in connection with our purchases of technology assets during fiscal 2003 , we entered into employee retention agreements totaling $ 2.2 million .", "we are required to make payments upon satisfaction of certain conditions in the agreements .", "as permitted under delaware law , we have agreements whereby we indemnify our officers and directors for certain events or occurrences while the officer or director is , or was serving , at our request in such capacity .", "the indemnification period covers all pertinent events and occurrences during the officer 2019s or director 2019s lifetime .", "the maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited ; however , we have director and officer insurance coverage that limits our exposure and enables us to recover a portion of any future amounts paid .", "we believe the estimated fair value of these indemnification agreements in excess of applicable insurance coverage is minimal .", "as part of our limited partnership interests in adobe ventures , we have provided a general indemnification to granite ventures , an independent venture capital firm and sole general partner of adobe ventures , for certain events or occurrences while granite ventures is , or was serving , at our request in such capacity provided that granite ventures acts in good faith on behalf of the partnerships .", "we are unable to develop an estimate of the maximum potential amount of future payments that could potentially result from any hypothetical future claim , but believe the risk of having to make any payments under this general indemnification to be remote .", "we accrue for costs associated with future obligations which include costs for undetected bugs that are discovered only after the product is installed and used by customers .", "the accrual remaining at the end of fiscal 2003 primarily relates to new releases of our creative suites products during the fourth quarter of fiscal 2003 .", "the table below summarizes the activity related to the accrual during fiscal 2003 : balance at november 29 , 2002 accruals payments balance at november 28 , 2003 ." ]

[ "advertising expenses we expense all advertising costs as incurred and classify these costs under sales and marketing expense .", "advertising expenses for fiscal years 2003 , 2002 , and 2001 were $ 24.0 million , $ 26.7 million and $ 30.5 million , respectively .", "foreign currency and other hedging instruments statement of financial accounting standards no .", "133 ( 201csfas no .", "133 201d ) , 201caccounting for derivative instruments and hedging activities , 201d establishes accounting and reporting standards for derivative instruments and hedging activities and requires us to recognize these as either assets or liabilities on the balance sheet and measure them at fair value .", "as described in note 15 , gains and losses resulting from ." ]

[ [ "Balance at November 29, 2002", "Accruals", "Payments", "Balance at November 28, 2003" ], [ "$—", "$5,554", "$(2,369)", "$3,185" ] ]

[ [ "balance at november 29 2002", "accruals", "payments", "balance at november 28 2003" ], [ "$ 2014", "$ 5554", "$ -2369 ( 2369 )", "$ 3185" ] ]

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[ "masco corporation notes to consolidated financial statements ( continued ) m .", "employee retirement plans ( continued ) plan assets .", "our qualified defined-benefit pension plan weighted average asset allocation , which is based upon fair value , was as follows: ." ]

[ "for our qualified defined-benefit pension plans , we have adopted accounting guidance that defines fair value , establishes a framework for measuring fair value and prescribes disclosures about fair value measurements .", "accounting guidance defines fair value as \"the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\" following is a description of the valuation methodologies used for assets measured at fair value .", "there have been no changes in the methodologies used at december 31 , 2018 compared to december 31 , 2017 .", "common and preferred stocks and short-term and other investments : valued at the closing price reported on the active market on which the individual securities are traded or based on the active market for similar securities .", "certain investments are valued based on net asset value ( \"nav\" ) , which approximates fair value .", "such basis is determined by referencing the respective fund's underlying assets .", "there are no unfunded commitments or other restrictions associated with these investments .", "private equity and hedge funds : valued based on an estimated fair value using either a market approach or an income approach , both of which require a significant degree of judgment .", "there is no active trading market for these investments and they are generally illiquid .", "due to the significant unobservable inputs , the fair value measurements used to estimate fair value are a level 3 input .", "certain investments are valued based on nav , which approximates fair value .", "such basis is determined by referencing the respective fund's underlying assets .", "there are no unfunded commitments or other restrictions associated with the investments valued at nav .", "corporate , government and other debt securities : valued based on either the closing price reported on the active market on which the individual securities are traded or using pricing models maximizing the use of observable inputs for similar securities .", "this includes basing value on yields currently available on comparable securities of issuers with similar credit ratings .", "certain investments are valued based on nav , which approximates fair value .", "such basis is determined by referencing the respective fund's underlying assets .", "there are unfunded commitments of $ 1 million and no other restrictions associated with these investments .", "common collective trust fund : valued based on an amortized cost basis , which approximates fair value .", "such basis is determined by reference to the respective fund's underlying assets , which are primarily cash equivalents .", "there are no unfunded commitments or other restrictions associated with this fund .", "buy-in annuity : valued based on the associated benefit obligation for which the buy-in annuity covers the benefits , which approximates fair value .", "such basis is determined based on various assumptions , including the discount rate , long-term rate of return on plan assets and mortality rate .", "the methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values .", "furthermore , while we believe our valuation methods are appropriate and consistent with other market participants , the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date .", "the following tables set forth , by level within the fair value hierarchy , the qualified defined-benefit pension plan assets at fair value as of december 31 , 2018 and 2017 , as well as those valued at nav using the practical expedient , which approximates fair value , in millions. ." ]

[ [ "", "2018", "2017" ], [ "Equity securities", "34%", "55%" ], [ "Debt securities", "49%", "28%" ], [ "Other", "17%", "17%" ], [ "Total", "100%", "100%" ] ]

[ [ "", "2018", "2017" ], [ "equity securities", "34% ( 34 % )", "55% ( 55 % )" ], [ "debt securities", "49% ( 49 % )", "28% ( 28 % )" ], [ "other", "17% ( 17 % )", "17% ( 17 % )" ], [ "total", "100% ( 100 % )", "100% ( 100 % )" ] ]

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[ "entergy corporation and subsidiaries management 2019s financial discussion and analysis the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc .", "the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses .", "see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges .", "the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project .", "see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding .", "entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 .", "amount ( in millions ) ." ]

[ "as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2015 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 .", "the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. ." ]

[ [ "", "Amount (In Millions)" ], [ "2014 net revenue", "$2,224" ], [ "Nuclear realized price changes", "(310)" ], [ "Vermont Yankee shutdown in December 2014", "(305)" ], [ "Nuclear volume, excluding Vermont Yankee effect", "20" ], [ "Other", "37" ], [ "2015 net revenue", "$1,666" ] ]

[ [ "", "amount ( in millions )" ], [ "2014 net revenue", "$ 2224" ], [ "nuclear realized price changes", "-310 ( 310 )" ], [ "vermont yankee shutdown in december 2014", "-305 ( 305 )" ], [ "nuclear volume excluding vermont yankee effect", "20" ], [ "other", "37" ], [ "2015 net revenue", "$ 1666" ] ]

[ { "arg1": "1666", "arg2": "2224", "op": "minus1-1", "res": "-558" }, { "arg1": "#0", "arg2": "2224", "op": "divide1-2", "res": "-25.1%" } ]

[ "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" ] ]

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[ "abiomed , inc .", "and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 .", "stock award plans and stock-based compensation ( continued ) restricted stock and restricted stock units the following table summarizes restricted stock and restricted stock unit activity for the fiscal year ended march 31 , 2012 : number of shares ( in thousands ) weighted average grant date fair value ( per share ) ." ]

[ "the remaining unrecognized compensation expense for outstanding restricted stock and restricted stock units , including performance-based awards , as of march 31 , 2012 was $ 7.1 million and the weighted-average period over which this cost will be recognized is 2.2 years .", "the weighted average grant-date fair value for restricted stock and restricted stock units granted during the years ended march 31 , 2012 , 2011 , and 2010 was $ 18.13 , $ 10.00 and $ 7.67 per share , respectively .", "the total fair value of restricted stock and restricted stock units vested in fiscal years 2012 , 2011 , and 2010 was $ 1.5 million , $ 1.0 million and $ 0.4 million , respectively .", "performance-based awards included in the restricted stock and restricted stock units activity discussed above are certain awards granted in fiscal years 2012 , 2011 and 2010 that vest subject to certain performance-based criteria .", "in june 2010 , 311000 shares of restricted stock and a performance-based award for the potential issuance of 45000 shares of common stock were issued to certain executive officers and members of senior management of the company , all of which would vest upon achievement of prescribed service milestones by the award recipients and performance milestones by the company .", "during the year ended march 31 , 2011 , the company determined that it met the prescribed performance targets and a portion of these shares and stock options vested .", "the remaining shares will vest upon satisfaction of prescribed service conditions by the award recipients .", "during the three months ended june 30 , 2011 , the company determined that it should have been using the graded vesting method instead of the straight-line method to expense stock-based compensation for the performance-based awards issued in june 2010 .", "this resulted in additional stock based compensation expense of approximately $ 0.6 million being recorded during the three months ended june 30 , 2011 that should have been recorded during the year ended march 31 , 2011 .", "the company believes that the amount is not material to its march 31 , 2011 consolidated financial statements and therefore recorded the adjustment in the quarter ended june 30 , 2011 .", "during the three months ended june 30 , 2011 , performance-based awards of restricted stock units for the potential issuance of 284000 shares of common stock were issued to certain executive officers and members of the senior management , all of which would vest upon achievement of prescribed service milestones by the award recipients and revenue performance milestones by the company .", "as of march 31 , 2012 , the company determined that it met the prescribed targets for 184000 shares underlying these awards and it believes it is probable that the prescribed performance targets will be met for the remaining 100000 shares , and the compensation expense is being recognized accordingly .", "during the year ended march 31 , 2012 , the company has recorded $ 3.3 million in stock-based compensation expense for equity awards in which the prescribed performance milestones have been achieved or are probable of being achieved .", "the remaining unrecognized compensation expense related to these equity awards at march 31 , 2012 is $ 3.6 million based on the company 2019s current assessment of probability of achieving the performance milestones .", "the weighted-average period over which this cost will be recognized is 2.1 years. ." ]

[ [ "", "Number of Shares (in thousands)", "Weighted Average Grant Date Fair Value (per share)" ], [ "Restricted stock and restricted stock units at beginning of year", "407", "$9.84" ], [ "Granted", "607", "18.13" ], [ "Vested", "(134)", "10.88" ], [ "Forfeited", "(9)", "13.72" ], [ "Restricted stock and restricted stock units at end of year", "871", "$15.76" ] ]

[ [ "", "number of shares ( in thousands )", "weighted average grant date fair value ( per share )" ], [ "restricted stock and restricted stock units at beginning of year", "407", "$ 9.84" ], [ "granted", "607", "18.13" ], [ "vested", "-134 ( 134 )", "10.88" ], [ "forfeited", "-9 ( 9 )", "13.72" ], [ "restricted stock and restricted stock units at end of year", "871", "$ 15.76" ] ]

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[ "management 2019s discussion and analysis 164 jpmorgan chase & co./2013 annual report firm ) is required to hold more than the additional 2.5% ( 2.5 % ) of tier 1 common .", "in addition , basel iii establishes a 6.5% ( 6.5 % ) tier i common equity standard for the definition of 201cwell capitalized 201d under the prompt corrective action ( 201cpca 201d ) requirements of the fdic improvement act ( 201cfdicia 201d ) .", "the tier i common equity standard is effective from the first quarter of 2015 .", "the following chart presents the basel iii minimum risk-based capital ratios during the transitional periods and on a fully phased-in basis .", "the chart also includes management 2019s target for the firm 2019s tier 1 common ratio .", "it is the firm 2019s current expectation that its basel iii tier 1 common ratio will exceed the regulatory minimums , both during the transition period and upon full implementation in 2019 and thereafter .", "the firm estimates that its tier 1 common ratio under the basel iii advanced approach on a fully phased-in basis would be 9.5% ( 9.5 % ) as of december 31 , 2013 , achieving management 2019s previously stated objectives .", "the tier 1 common ratio as calculated under the basel iii standardized approach is estimated at 9.4% ( 9.4 % ) as of december 31 , 2013 .", "the tier 1 common ratio under both basel i and basel iii are non-gaap financial measures .", "however , such measures are used by bank regulators , investors and analysts to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies .", "the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under the advanced approach of the basel iii rules , along with the firm 2019s estimated risk-weighted assets .", "key differences in the calculation of rwa between basel i and basel iii advanced approach include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk- weightings which vary only by counterparty type and asset class ; and ( 2 ) basel iii includes rwa for operational risk , whereas basel i does not .", "operational risk capital takes into consideration operational losses in the quarter following the period in which those losses were realized , and the calculation generally incorporates such losses irrespective of whether the issues or business activity giving rise to the losses have been remediated or reduced .", "the firm 2019s operational risk capital model continues to be refined in conjunction with the firm 2019s basel iii advanced approach parallel run .", "as a result of model enhancements in 2013 , as well as taking into consideration the legal expenses incurred by the firm in 2013 , the firm 2019s operational risk capital increased substantially in 2013 over 2012 .", "tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of accumulated other comprehensive income ( 201caoci 201d ) related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans .", "december 31 , 2013 ( in millions , except ratios ) ." ]

[ "estimated risk-weighted assets under basel iii advanced approach ( b ) $ 1590873 estimated tier 1 common ratio under basel iii advanced approach ( c ) 9.5% ( 9.5 % ) ( a ) certain exposures , which are deducted from capital under basel i , are risked-weighted under basel iii. ." ]

[ [ "Tier 1 common under Basel I rules", "$148,887" ], [ "Adjustments related to AOCI for AFS securities and defined benefit pension and OPEB plans", "1,474" ], [ "Add back of Basel I deductions^(a)", "1,780" ], [ "Deduction for deferred tax asset related to net operating loss and foreign tax credit carryforwards", "(741)" ], [ "All other adjustments", "(198)" ], [ "Estimated Tier 1 common under Basel III rules", "$151,202" ], [ "Estimated risk-weighted assets under Basel III Advanced Approach^(b)", "$1,590,873" ], [ "Estimated Tier 1 common ratio under Basel III Advanced Approach^(c)", "9.5%" ] ]

[ [ "tier 1 common under basel i rules", "$ 148887" ], [ "adjustments related to aoci for afs securities and defined benefit pension and opeb plans", "1474" ], [ "add back of basel i deductions ( a )", "1780" ], [ "deduction for deferred tax asset related to net operating loss and foreign tax credit carryforwards", "-741 ( 741 )" ], [ "all other adjustments", "-198 ( 198 )" ], [ "estimated tier 1 common under basel iii rules", "$ 151202" ], [ "estimated risk-weighted assets under basel iii advanced approach ( b )", "$ 1590873" ], [ "estimated tier 1 common ratio under basel iii advanced approach ( c )", "9.5% ( 9.5 % )" ] ]

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[ "( $ 125 million ) and higher maintenance outage costs ( $ 18 million ) .", "additionally , operating profits in 2012 include 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 busi- ness of $ 17 million and a $ 3 million gain for other items , while operating costs in 2011 included costs associated with signing an agreement to acquire temple-inland of $ 20 million and a gain of $ 7 million for other items .", "industrial packaging ." ]

[ "north american industr ia l packaging net sales were $ 11.6 billion in 2012 compared with $ 8.6 billion in 2011 and $ 8.4 billion in 2010 .", "operating profits in 2012 were $ 1.0 billion ( $ 1.3 billion exclud- ing costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) compared with $ 1.1 billion ( both including and excluding costs associated with signing an agree- ment to acquire temple-inland ) in 2011 and $ 763 million ( $ 776 million excluding facility closure costs ) in 2010 .", "sales volumes for the legacy business were about flat in 2012 compared with 2011 .", "average sales price was lower mainly due to export containerboard sales prices which bottomed out in the first quarter but climbed steadily the rest of the year .", "input costs were lower for recycled fiber , wood and natural gas , but higher for starch .", "freight costs also increased .", "plan- ned maintenance downtime costs were higher than in 2011 .", "operating costs were higher largely due to routine inventory valuation adjustments operating profits in 2012 benefited from $ 235 million of temple-inland synergies .", "market-related downtime in 2012 was about 570000 tons compared with about 380000 tons in 2011 .", "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 .", "operating profits in 2011 included charges of $ 20 million for costs associated with the signing of the agreement to acquire temple- inland .", "looking ahead to 2013 , sales volumes in the first quarter compared with the fourth quarter of 2012 are expected to increase slightly for boxes due to a higher number of shipping days .", "average sales price realizations are expected to reflect the pass-through to box customers of a containerboard price increase implemented in 2012 .", "input costs are expected to be higher for recycled fiber , wood and starch .", "planned maintenance downtime costs are expected to be about $ 26 million higher with outages scheduled at eight mills compared with six mills in the 2012 fourth quarter .", "manufacturing operating costs are expected to be lower .", "european industr ia l packaging net sales were $ 1.0 billion in 2012 compared with $ 1.1 billion in 2011 and $ 990 million in 2010 .", "operating profits in 2012 were $ 53 million ( $ 72 million excluding restructuring costs ) compared with $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 and $ 70 mil- lion ( $ 73 million before closure costs for our etienne mill ) in 2010 .", "sales volumes in 2012 were lower than in 2011 reflecting decreased demand for packaging in the industrial market due to a weaker overall economic environment in southern europe .", "demand for pack- aging in the agricultural markets was about flat year- over-year .", "average sales margins increased due to sales price increases implemented during 2011 and 2012 and lower board costs .", "other input costs were higher , primarily for energy and distribution .", "operat- ing profits in 2012 included a net gain of $ 10 million for an insurance settlement , partially offset by addi- tional operating costs , related to the earthquakes in northern italy in may which affected our san felice box plant .", "entering the first quarter of 2013 , sales volumes are expected to be stable reflecting a seasonal decrease in market demand in agricultural markets offset by an increase in industrial markets .", "average sales margins are expected to improve due to lower input costs for containerboard .", "other input costs should be about flat .", "operating costs are expected to be higher reflecting the absence of the earthquake insurance settlement that was received in the 2012 fourth quar- asian industr ia l packaging net sales and operating profits include the results of sca pack- aging since the acquisition on june 30 , 2010 , includ- ing the impact of incremental integration costs .", "net sales for the packaging operations were $ 400 million in 2012 compared with $ 410 million in 2011 and $ 255 million in 2010 .", "operating profits for the packaging operations were $ 2 million in 2012 compared with $ 2 million in 2011 and a loss of $ 7 million ( a loss of $ 4 million excluding facility closure costs ) in 2010 .", "operating profits were favorably impacted by higher average sales margins in 2012 compared with 2011 , but this benefit was offset by lower sales volumes and higher raw material costs and operating costs .", "looking ahead to the first quarter of 2013 , sales volumes and average sales margins are expected to decrease due to seasonality .", "net sales for the distribution operations were $ 260 million in 2012 compared with $ 285 million in 2011 and $ 240 million in 2010 .", "operating profits were $ 3 million in 2012 compared with $ 3 million in 2011 and about breakeven in 2010. ." ]

[ [ "In millions", "2012", "2011", "2010" ], [ "Sales", "$13,280", "$10,430", "$9,840" ], [ "Operating Profit", "1,066", "1,147", "826" ] ]

[ [ "in millions", "2012", "2011", "2010" ], [ "sales", "$ 13280", "$ 10430", "$ 9840" ], [ "operating profit", "1066", "1147", "826" ] ]

[ { "arg1": "11.6", "arg2": "const_1000", "op": "multiply1-1", "res": "11600" }, { "arg1": "#0", "arg2": "13280", "op": "divide1-2", "res": "87%" } ]

[ "during the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 .", "these units are payable in stock and are subject to certain financial performance criteria .", "the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded .", "the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) .", "as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) .", "for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period .", "these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award .", "these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period .", "the fair value of these performance share units at july 1 , 2011 was $ 8.6 million .", "of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 .", "a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: ." ]

[ "( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 .", "for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units .", "based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units .", "that cost is expected to be recognized over a weighted-average period of 1.1 years .", "note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities .", "we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months .", "we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase .", "all of these instruments , including investments in equity securities , are classified as available- for-sale .", "as a result , they are reported at fair value using quoted market prices .", "interest income is recorded as earned .", "unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income .", "upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. ." ]

[ [ "Performance Share Units", "Grants" ], [ "Outstanding at January 1, 2011 (non-vested)", "556,186" ], [ "Granted⁽¹⁾", "354,660" ], [ "Vesting and transfer of ownership to recipients", "(136,058)" ], [ "Outstanding at December 31, 2011 (non-vested)", "774,788" ] ]

[ [ "performance share units", "grants" ], [ "outstanding at january 1 2011 ( non-vested )", "556186" ], [ "granted ( 1 )", "354660" ], [ "vesting and transfer of ownership to recipients", "-136058 ( 136058 )" ], [ "outstanding at december 31 2011 ( non-vested )", "774788" ] ]

[ { "arg1": "8.6", "arg2": "7.3", "op": "minus2-1", "res": "1.3" }, { "arg1": "#0", "arg2": "8.6", "op": "divide2-2", "res": "0.151" } ]

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

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

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

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

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[ "management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2013 primarily related to payments for capital expenditures and acquisitions .", "capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements .", "we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired .", "financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends .", "during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock .", "this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes .", "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 .", "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 $ 101.0 in 2014 .", "the decrease was primarily a result of the u.s .", "dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 .", "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 , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. ." ]

[ "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 .", "from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk .", "our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit .", "there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. ." ]

[ [ "", "December 31," ], [ "Balance Sheet Data", "2014", "2013" ], [ "Cash, cash equivalents and marketable securities", "$1,667.2", "$1,642.1" ], [ "Short-term borrowings", "$107.2", "$179.1" ], [ "Current portion of long-term debt", "2.1", "353.6" ], [ "Long-term debt", "1,623.5", "1,129.8" ], [ "Total debt", "$1,732.8", "$1,662.5" ] ]

[ [ "balance sheet data", "december 31 , 2014", "december 31 , 2013" ], [ "cash cash equivalents and marketable securities", "$ 1667.2", "$ 1642.1" ], [ "short-term borrowings", "$ 107.2", "$ 179.1" ], [ "current portion of long-term debt", "2.1", "353.6" ], [ "long-term debt", "1623.5", "1129.8" ], [ "total debt", "$ 1732.8", "$ 1662.5" ] ]

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[ "jpmorgan chase & co./2010 annual report 187 trading assets and liabilities trading assets include debt and equity instruments held for trading purposes that jpmorgan chase owns ( 201clong 201d positions ) , certain loans managed on a fair value basis and for which the firm has elected the fair value option , and physical commodities inventories that are generally accounted for at the lower of cost or fair value .", "trading liabilities include debt and equity instruments that the firm has sold to other parties but does not own ( 201cshort 201d positions ) .", "the firm is obligated to purchase instruments at a future date to cover the short positions .", "included in trading assets and trading liabilities are the reported receivables ( unrealized gains ) and payables ( unre- alized losses ) related to derivatives .", "trading assets and liabilities are carried at fair value on the consolidated balance sheets .", "bal- ances reflect the reduction of securities owned ( long positions ) by the amount of securities sold but not yet purchased ( short posi- tions ) when the long and short positions have identical committee on uniform security identification procedures ( 201ccusips 201d ) .", "trading assets and liabilities 2013average balances average trading assets and liabilities were as follows for the periods indicated. ." ]

[ "( a ) balances reflect the reduction of securities owned ( long positions ) by the amount of securities sold , but not yet purchased ( short positions ) when the long and short positions have identical cusips .", "( b ) primarily represent securities sold , not yet purchased .", "note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan com- mitments not previously carried at fair value .", "elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , cer- tain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrange- ments are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid in- struments ) ; and 2022 better reflect those instruments that are managed on a fair value basis .", "elections include the following : 2022 loans purchased or originated as part of securitization ware- housing activity , subject to bifurcation accounting , or man- aged on a fair value basis .", "2022 securities financing arrangements with an embedded deriva- tive and/or a maturity of greater than one year .", "2022 owned beneficial interests in securitized financial assets that contain embedded credit derivatives , which would otherwise be required to be separately accounted for as a derivative in- strument .", "2022 certain tax credits and other equity investments acquired as part of the washington mutual transaction .", "2022 structured notes issued as part of ib 2019s client-driven activities .", "( structured notes are financial instruments that contain em- bedded derivatives. ) 2022 long-term beneficial interests issued by ib 2019s consolidated securitization trusts where the underlying assets are carried at fair value. ." ]

[ [ "Year ended December 31, (in millions)", "2010", "2009", "2008" ], [ "Trading assets – debt and equity instruments^(a)", "$354,441", "$318,063", "$384,102" ], [ "Trading assets – derivative receivables", "84,676", "110,457", "121,417" ], [ "Trading liabilities – debt and equity instruments^(a)(b)", "78,159", "60,224", "78,841" ], [ "Trading liabilities – derivative payables", "65,714", "77,901", "93,200" ] ]

[ [ "year ended december 31 ( in millions )", "2010", "2009", "2008" ], [ "trading assets 2013 debt and equity instruments ( a )", "$ 354441", "$ 318063", "$ 384102" ], [ "trading assets 2013 derivative receivables", "84676", "110457", "121417" ], [ "trading liabilities 2013 debt and equity instruments ( a ) ( b )", "78159", "60224", "78841" ], [ "trading liabilities 2013 derivative payables", "65714", "77901", "93200" ] ]

[]

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

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

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

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

[ { "arg1": "486.9", "arg2": "466.1", "op": "minus1-1", "res": "20.8" }, { "arg1": "#0", "arg2": "466.1", "op": "divide1-2", "res": "4.5%" } ]

[ "depending upon our senior unsecured debt ratings .", "the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .", "at december 31 , 2006 , we were in compliance with these covenants .", "the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .", "in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .", "neither of these lines of credit were used as of december 31 , 2006 .", "we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .", "dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .", "the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .", "we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .", "we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .", "shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .", "at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .", "we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .", "6 .", "leases we lease certain locomotives , freight cars , and other property .", "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 , 2006 were as follows : millions of dollars operating leases capital leases ." ]

[ "rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .", "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. ." ]

[ [ "<i>Millions of Dollars</i>", "<i>OperatingLeases</i>", "Capital Leases" ], [ "2007", "$624", "$180" ], [ "2008", "546", "173" ], [ "2009", "498", "168" ], [ "2010", "456", "148" ], [ "2011", "419", "157" ], [ "Later Years", "2,914", "1,090" ], [ "Total minimum lease payments", "$5,457", "$1,916" ], [ "Amount representing interest", "N/A", "(680)" ], [ "Present value of minimum lease payments", "N/A", "$1,236" ] ]

[ [ "millions of dollars", "operatingleases", "capital leases" ], [ "2007", "$ 624", "$ 180" ], [ "2008", "546", "173" ], [ "2009", "498", "168" ], [ "2010", "456", "148" ], [ "2011", "419", "157" ], [ "later years", "2914", "1090" ], [ "total minimum lease payments", "$ 5457", "$ 1916" ], [ "amount representing interest", "n/a", "-680 ( 680 )" ], [ "present value of minimum lease payments", "n/a", "$ 1236" ] ]

[ { "arg1": "5457", "arg2": "1916", "op": "add2-1", "res": "7373" }, { "arg1": "1916", "arg2": "#0", "op": "divide2-2", "res": "26%" } ]

[ "notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .", "as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .", "in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .", "as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .", "contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 ." ]

[ "1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .", "the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .", "we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .", "these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .", "redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .", "the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .", "see note 5 for further information relating to the payment structure of our acquisitions .", "legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .", "the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .", "we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .", "in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .", "while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .", "as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .", "the company had previously investigated the matter and taken a number of remedial and disciplinary actions .", "the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .", "the company has previously provided for such settlement in its consolidated financial statements. ." ]

[ [ "", "2019", "2020", "2021", "2022", "2023", "Thereafter", "Total" ], [ "Deferred acquisition payments", "$65.7", "$20.0", "$23.6", "$4.7", "$10.2", "$2.7", "$126.9" ], [ "Redeemable noncontrolling interests and call options with affiliates¹", "30.1", "30.6", "42.9", "5.7", "3.5", "2.5", "115.3" ], [ "Total contingent acquisition payments", "$95.8", "$50.6", "$66.5", "$10.4", "$13.7", "$5.2", "$242.2" ] ]

[ [ "", "2019", "2020", "2021", "2022", "2023", "thereafter", "total" ], [ "deferred acquisition payments", "$ 65.7", "$ 20.0", "$ 23.6", "$ 4.7", "$ 10.2", "$ 2.7", "$ 126.9" ], [ "redeemable noncontrolling interests and call options with affiliates1", "30.1", "30.6", "42.9", "5.7", "3.5", "2.5", "115.3" ], [ "total contingent acquisition payments", "$ 95.8", "$ 50.6", "$ 66.5", "$ 10.4", "$ 13.7", "$ 5.2", "$ 242.2" ] ]

[ { "arg1": "42.9", "arg2": "5.7", "op": "minus2-1", "res": "37.2" }, { "arg1": "#0", "arg2": "42.9", "op": "divide2-2", "res": "0.8671" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "86.71" } ]

[ "interest-earning assets including unearned income in the accretion of fair value adjustments on discounts recognized on acquired or purchased loans is recognized based on the constant effective yield of the financial instrument .", "the timing and amount of revenue that we recognize in any period is dependent on estimates , judgments , assumptions , and interpretation of contractual terms .", "changes in these factors can have a significant impact on revenue recognized in any period due to changes in products , market conditions or industry norms .", "residential and commercial mortgage servicing rights we elect to measure our residential mortgage servicing rights ( msrs ) at fair value .", "this election was made to be consistent with our risk management strategy to hedge changes in the fair value of these assets as described below .", "the fair value of residential msrs is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows , taking into consideration actual and expected mortgage loan prepayment rates , discount rates , servicing costs , and other economic factors which are determined based on current market conditions .", "assumptions incorporated into the residential msrs valuation model reflect management 2019s best estimate of factors that a market participant would use in valuing the residential msrs .", "although sales of residential msrs do occur , residential msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available .", "as a benchmark for the reasonableness of its residential msrs fair value , pnc obtains opinions of value from independent parties ( 201cbrokers 201d ) .", "these brokers provided a range ( +/- 10 bps ) based upon their own discounted cash flow calculations of our portfolio that reflected conditions in the secondary market , and any recently executed servicing transactions .", "pnc compares its internally-developed residential msrs value to the ranges of values received from the brokers .", "if our residential msrs fair value falls outside of the brokers 2019 ranges , management will assess whether a valuation adjustment is warranted .", "for 2011 and 2010 , pnc 2019s residential msrs value has not fallen outside of the brokers 2019 ranges .", "we consider our residential msrs value to represent a reasonable estimate of fair value .", "commercial msrs are purchased or originated when loans are sold with servicing retained .", "commercial msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available .", "commercial msrs are initially recorded at fair value and are subsequently accounted for at the lower of amortized cost or fair value .", "commercial msrs are periodically evaluated for impairment .", "for purposes of impairment , the commercial mortgage servicing rights are stratified based on asset type , which characterizes the predominant risk of the underlying financial asset .", "the fair value of commercial msrs is estimated by using an internal valuation model .", "the model calculates the present value of estimated future net servicing cash flows considering estimates of servicing revenue and costs , discount rates and prepayment speeds .", "pnc employs risk management strategies designed to protect the value of msrs from changes in interest rates and related market factors .", "residential msrs values are economically hedged with securities and derivatives , including interest-rate swaps , options , and forward mortgage-backed and futures contracts .", "as interest rates change , these financial instruments are expected to have changes in fair value negatively correlated to the change in fair value of the hedged residential msrs portfolio .", "the hedge relationships are actively managed in response to changing market conditions over the life of the residential msrs assets .", "commercial msrs are economically hedged at a macro level or with specific derivatives to protect against a significant decline in interest rates .", "selecting appropriate financial instruments to economically hedge residential or commercial msrs requires significant management judgment to assess how mortgage rates and prepayment speeds could affect the future values of msrs .", "hedging results can frequently be less predictable in the short term , but over longer periods of time are expected to protect the economic value of the msrs .", "the fair value of residential and commercial msrs and significant inputs to the valuation model as of december 31 , 2011 are shown in the tables below .", "the expected and actual rates of mortgage loan prepayments are significant factors driving the fair value .", "management uses a third-party model to estimate future residential loan prepayments and internal proprietary models to estimate future commercial loan prepayments .", "these models have been refined based on current market conditions .", "future interest rates are another important factor in the valuation of msrs .", "management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates .", "the forward rates utilized are derived from the current yield curve for u.s .", "dollar interest rate swaps and are consistent with pricing of capital markets instruments .", "changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate .", "residential mortgage servicing rights dollars in millions december 31 december 31 ." ]

[ "weighted-average constant prepayment rate ( a ) 22.10% ( 22.10 % ) 12.61% ( 12.61 % ) weighted-average option adjusted spread 11.77% ( 11.77 % ) 12.18% ( 12.18 % ) ( a ) changes in weighted-average life and weighted-average constant prepayment rate reflect the cumulative impact of changes in rates , prepayment expectations and model changes .", "the pnc financial services group , inc .", "2013 form 10-k 65 ." ]

[ [ "Dollars in millions", "December 31 2011", "December 312010" ], [ "Fair value", "$647", "$1,033" ], [ "Weighted-average life (in years) (a)", "3.6", "5.8" ], [ "Weighted-average constant prepayment rate (a)", "22.10%", "12.61%" ], [ "Weighted-average option adjusted spread", "11.77%", "12.18%" ] ]

[ [ "dollars in millions", "december 31 2011", "december 312010" ], [ "fair value", "$ 647", "$ 1033" ], [ "weighted-average life ( in years ) ( a )", "3.6", "5.8" ], [ "weighted-average constant prepayment rate ( a )", "22.10% ( 22.10 % )", "12.61% ( 12.61 % )" ], [ "weighted-average option adjusted spread", "11.77% ( 11.77 % )", "12.18% ( 12.18 % )" ] ]

[ { "arg1": "1033", "arg2": "647", "op": "minus1-1", "res": "386" }, { "arg1": "#0", "arg2": "1033", "op": "divide1-2", "res": "0.3736" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply1-3", "res": "37.36" } ]

[ "performance graph the following graph shows a five-year comparison of the cumulative total return on our common stock , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index from april 24 , 2009 through april 25 , 2014 .", "the past performance of our common stock is not indicative of the future performance of our common stock .", "comparison of 5 year cumulative total return* among netapp , inc. , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index ." ]

[ "we believe that a number of factors may cause the market price of our common stock to fluctuate significantly .", "see 201citem 1a .", "risk factors . 201d sale of unregistered securities ." ]

[ [ "", "4/09", "4/10", "4/11", "4/12", "4/13", "4/14" ], [ "NetApp, Inc.", "$100.00", "$189.45", "$284.75", "$212.19", "$190.66", "$197.58" ], [ "NASDAQ Composite", "100.00", "144.63", "170.44", "182.57", "202.25", "253.22" ], [ "S&P 500", "100.00", "138.84", "162.75", "170.49", "199.29", "240.02" ], [ "S&P 500 Information Technology", "100.00", "143.49", "162.37", "186.06", "189.18", "236.12" ] ]

[ [ "", "4/09", "4/10", "4/11", "4/12", "4/13", "4/14" ], [ "netapp inc .", "$ 100.00", "$ 189.45", "$ 284.75", "$ 212.19", "$ 190.66", "$ 197.58" ], [ "nasdaq composite", "100.00", "144.63", "170.44", "182.57", "202.25", "253.22" ], [ "s&p 500", "100.00", "138.84", "162.75", "170.49", "199.29", "240.02" ], [ "s&p 500 information technology", "100.00", "143.49", "162.37", "186.06", "189.18", "236.12" ] ]

[ { "arg1": "197.58", "arg2": "const_100", "op": "minus2-1", "res": "97.58" }, { "arg1": "#0", "arg2": "const_100", "op": "divide2-2", "res": "97.58%" }, { "arg1": "236.12", "arg2": "const_100", "op": "minus2-3", "res": "136.12" }, { "arg1": "#2", "arg2": "const_100", "op": "divide2-4", "res": "136.12%" }, { "arg1": "#0", "arg2": "#2", "op": "minus2-5", "res": "-38.54" } ]

[ "changes in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value ." ]

[ "at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years .", "a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants .", "5 .", "retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans .", "qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements .", "other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees .", "these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses .", "the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 .", "funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability .", "the funded status represents the difference between the pbo and the fair value of the plan assets .", "the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases .", "the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases .", "plan assets are measured at fair value .", "we use a december 31 measurement date for plan assets and obligations for all our retirement plans. ." ]

[ [ "", "Shares (thous.)", "<i>Weighted-Average</i><i>Grant-Date Fair Value</i>" ], [ "Nonvested at January 1, 2009", "873", "$ 50.70" ], [ "Granted", "449", "47.28" ], [ "Vested", "(240)", "43.23" ], [ "Forfeited", "(22)", "53.86" ], [ "Nonvested at December 31, 2009", "1,060", "$ 50.88" ] ]

[ [ "", "shares ( thous. )", "weighted-averagegrant-date fair value" ], [ "nonvested at january 1 2009", "873", "$ 50.70" ], [ "granted", "449", "47.28" ], [ "vested", "-240 ( 240 )", "43.23" ], [ "forfeited", "-22 ( 22 )", "53.86" ], [ "nonvested at december 31 2009", "1060", "$ 50.88" ] ]

[ { "arg1": "1060", "arg2": "const_1000", "op": "multiply1-1", "res": "1060000" }, { "arg1": "22", "arg2": "const_1000000", "op": "multiply1-2", "res": "22000000" }, { "arg1": "#1", "arg2": "#0", "op": "divide1-3", "res": "20.75" } ]

[ "sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from technology and risk management services , advisory and other revenue and distribution fees .", "blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments .", "for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing .", "cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year .", "cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 517 million and primarily reflected $ 497 million of investment purchases , $ 155 million of purchases of property and equipment , $ 73 million related to the first reserve transaction and $ 29 million related to the cachematrix transaction , partially offset by $ 205 million of net proceeds from sales and maturities of certain investments .", "cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 3094 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 321 million of employee tax withholdings related to employee stock transactions , $ 1.7 billion of cash dividend payments and $ 700 million of repayments of long- term borrowings , partially offset by $ 697 million of proceeds from issuance of long-term borrowings .", "the company manages its financial condition and funding to maintain appropriate liquidity for the business .", "liquidity resources at december 31 , 2017 and 2016 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6894 $ 6091 cash and cash equivalents held by consolidated vres ( 2 ) ( 63 ) ( 53 ) ." ]

[ "total liquidity resources ( 3 ) $ 10831 $ 10038 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s .", "subsidiaries was approximately 40% ( 40 % ) and 50% ( 50 % ) at december 31 , 2017 and 2016 , respectively .", "see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries .", "( 2 ) the company cannot readily access such cash to use in its operating activities .", "( 3 ) amounts do not reflect a reduction for year-end incentive compensation accruals of approximately $ 1.5 billion and $ 1.3 billion for 2017 and 2016 , respectively , which are paid in the first quarter of the following year .", "total liquidity resources increased $ 793 million during 2017 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2016 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.7 billion .", "a significant portion of the company 2019s $ 3154 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash .", "share repurchases .", "the company repurchased 2.6 million common shares in open market transactions under the share repurchase program for approximately $ 1.1 billion during 2017 .", "at december 31 , 2017 , there were 6.4 million shares still authorized to be repurchased .", "net capital requirements .", "the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions .", "as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents .", "additionally , transfers of cash between international jurisdictions may have adverse tax consequences that could discourage such transfers .", "blackrock institutional trust company , n.a .", "( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities .", "btc provides investment management services , including investment advisory and securities lending agency services , to institutional clients .", "btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency .", "at december 31 , 2017 and 2016 , the company was required to maintain approximately $ 1.8 billion and $ 1.4 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers .", "the company was in compliance with all applicable regulatory net capital requirements .", "undistributed earnings of foreign subsidiaries .", "as a result of the 2017 tax act and the one-time mandatory deemed repatriation tax on untaxed accumulated foreign earnings , a provisional amount of u.s .", "income taxes was provided on the undistributed foreign earnings .", "the financial statement basis in excess of tax basis of its foreign subsidiaries remains indefinitely reinvested in foreign operations .", "the company will continue to evaluate its capital management plans throughout 2018 .", "short-term borrowings 2017 revolving credit facility .", "the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2017 to extend the maturity date to april 2022 ( the 201c2017 credit facility 201d ) .", "the 2017 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2017 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .", "interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .", "the 2017 credit facility requires the company ." ]

[ [ "(in millions)", "December 31, 2017", "December 31, 2016" ], [ "Cash and cash equivalents⁽¹⁾", "$6,894", "$6,091" ], [ "Cash and cash equivalents held by consolidated VREs⁽²⁾", "(63)", "(53)" ], [ "Subtotal", "6,831", "6,038" ], [ "Credit facility — undrawn", "4,000", "4,000" ], [ "Total liquidity resources⁽³⁾", "$10,831", "$10,038" ] ]

[ [ "( in millions )", "december 31 2017", "december 31 2016" ], [ "cash and cash equivalents ( 1 )", "$ 6894", "$ 6091" ], [ "cash and cash equivalents held by consolidated vres ( 2 )", "-63 ( 63 )", "-53 ( 53 )" ], [ "subtotal", "6831", "6038" ], [ "credit facility 2014 undrawn", "4000", "4000" ], [ "total liquidity resources ( 3 )", "$ 10831", "$ 10038" ] ]

[ { "arg1": "6894", "arg2": "6091", "op": "minus1-1", "res": "803" }, { "arg1": "#0", "arg2": "6091", "op": "divide1-2", "res": "13.2%" } ]

[ "other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .", "the company does not currently utilize any other off-balance sheet financing arrangements .", "the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years .", "leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .", "as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space .", "rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively .", "future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : ." ]

[ "other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion .", "in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations .", "contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies .", "however , the outcome of litigation is inherently uncertain .", "therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected .", "apple inc .", "vs samsung electronics co. , ltd , et al .", "on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division .", "because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. ." ]

[ [ "2013", "$516" ], [ "2014", "556" ], [ "2015", "542" ], [ "2016", "513" ], [ "2017", "486" ], [ "Thereafter", "1,801" ], [ "Total minimum lease payments", "$4,414" ] ]

[ [ "2013", "$ 516" ], [ "2014", "556" ], [ "2015", "542" ], [ "2016", "513" ], [ "2017", "486" ], [ "thereafter", "1801" ], [ "total minimum lease payments", "$ 4414" ] ]

[ { "arg1": "488", "arg2": "338", "op": "minus1-1", "res": "150" }, { "arg1": "#0", "arg2": "338", "op": "divide1-2", "res": "44%" } ]

[ "note 17 .", "accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: ." ]

[ "reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2017 , 2016 , and 2015 .", "for the years ended december 31 , 2017 , 2016 , and 2015 , $ 2 million , $ ( 5 ) million and $ 1 million of net currency translation adjustment gains/ ( losses ) were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings , respectively , upon liquidation of subsidiaries .", "for additional information , see note 13 .", "benefit plans and note 15 .", "financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .", "note 18 .", "contingencies : tobacco-related litigation legal proceedings covering a wide range of matters are pending or threatened against us , and/or our subsidiaries , and/or our indemnitees in various jurisdictions .", "our indemnitees include distributors , licensees and others that have been named as parties in certain cases and that we have agreed to defend , as well as to pay costs and some or all of judgments , if any , that may be entered against them .", "pursuant to the terms of the distribution agreement between altria group , inc .", "( \"altria\" ) and pmi , pmi will indemnify altria and philip morris usa inc .", "( \"pm usa\" ) , a u.s .", "tobacco subsidiary of altria , for tobacco product claims based in substantial part on products manufactured by pmi or contract manufactured for pmi by pm usa , and pm usa will indemnify pmi for tobacco product claims based in substantial part on products manufactured by pm usa , excluding tobacco products contract manufactured for pmi .", "it is possible that there could be adverse developments in pending cases against us and our subsidiaries .", "an unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation .", "damages claimed in some of the tobacco-related litigation are significant and , in certain cases in brazil , canada and nigeria , range into the billions of u.s .", "dollars .", "the variability in pleadings in multiple jurisdictions , together with the actual experience of management in litigating claims , demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome .", "much of the tobacco-related litigation is in its early stages , and litigation is subject to uncertainty .", "however , as discussed below , we have to date been largely successful in defending tobacco-related litigation .", "we and our subsidiaries record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated .", "at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , after assessing the information available to it ( i ) management has not concluded that it is probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss for any of the pending tobacco-related cases ; and ( iii ) accordingly , no estimated loss has been accrued in the consolidated financial statements for unfavorable outcomes in these cases , if any .", "legal defense costs are expensed as incurred. ." ]

[ [ "(Losses) Earnings", "At December 31," ], [ "(in millions)", "2017", "2016", "2015" ], [ "Currency translation adjustments", "$(5,761)", "$(6,091)", "$(6,129)" ], [ "Pension and other benefits", "(2,816)", "(3,565)", "(3,332)" ], [ "Derivatives accounted for as hedges", "42", "97", "59" ], [ "Total accumulated other comprehensive losses", "$(8,535)", "$(9,559)", "$(9,402)" ] ]

[ [ "( losses ) earnings ( in millions )", "( losses ) earnings 2017", "( losses ) earnings 2016", "2015" ], [ "currency translation adjustments", "$ -5761 ( 5761 )", "$ -6091 ( 6091 )", "$ -6129 ( 6129 )" ], [ "pension and other benefits", "-2816 ( 2816 )", "-3565 ( 3565 )", "-3332 ( 3332 )" ], [ "derivatives accounted for as hedges", "42", "97", "59" ], [ "total accumulated other comprehensive losses", "$ -8535 ( 8535 )", "$ -9559 ( 9559 )", "$ -9402 ( 9402 )" ] ]

[]

[ "management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives .", "liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. ." ]

[ "1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash loss related to early extinguishment of debt , and deferred income taxes .", "2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities .", "operating activities net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income .", "due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters .", "the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies .", "net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 .", "the net working capital usage in 2012 was primarily impacted by our media businesses .", "the timing of media buying on behalf of our clients affects our working capital and operating cash flow .", "in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients .", "to the extent possible we pay production and media charges after we have received funds from our clients .", "the amounts involved substantially exceed our revenues , and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities .", "our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers .", "our accrued liabilities are also affected by the timing of certain other payments .", "for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year .", "investing activities net cash used in investing activities during 2013 primarily relates to payments for capital expenditures and acquisitions .", "capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements .", "we made payments of $ 61.5 related to acquisitions completed during 2013. ." ]

[ [ "", "Years ended December 31," ], [ "Cash Flow Data", "2013", "2012", "2011" ], [ "Net income, adjusted to reconcile net income to net cashprovided by operating activities¹", "$598.4", "$697.2", "$735.7" ], [ "Net cash used in working capital ²", "(9.6)", "(293.2)", "(359.4)" ], [ "Changes in other non-current assets and liabilities using cash", "4.1", "(46.8)", "(102.8)" ], [ "Net cash provided by operating activities", "$592.9", "$357.2", "$273.5" ], [ "Net cash used in investing activities", "(224.5)", "(210.2)", "(58.8)" ], [ "Net cash (used in) provided by financing activities", "(1,212.3)", "131.3", "(541.0)" ] ]

[ [ "cash flow data", "years ended december 31 , 2013", "years ended december 31 , 2012", "years ended december 31 , 2011" ], [ "net income adjusted to reconcile net income to net cashprovided by operating activities1", "$ 598.4", "$ 697.2", "$ 735.7" ], [ "net cash used in working capital b2", "-9.6 ( 9.6 )", "-293.2 ( 293.2 )", "-359.4 ( 359.4 )" ], [ "changes in other non-current assets and liabilities using cash", "4.1", "-46.8 ( 46.8 )", "-102.8 ( 102.8 )" ], [ "net cash provided by operating activities", "$ 592.9", "$ 357.2", "$ 273.5" ], [ "net cash used in investing activities", "-224.5 ( 224.5 )", "-210.2 ( 210.2 )", "-58.8 ( 58.8 )" ], [ "net cash ( used in ) provided by financing activities", "-1212.3 ( 1212.3 )", "131.3", "-541.0 ( 541.0 )" ] ]

[ { "arg1": "592.9", "arg2": "-224.5", "op": "add1-1", "res": "368.4" }, { "arg1": "#0", "arg2": "-1212.3", "op": "add1-2", "res": "-843.9" } ]

[ "notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense .", "all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination .", "the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : ." ]

[ "long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no .", "144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of .", "long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable .", "recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate .", "if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value .", "for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements .", "sfas no .", "142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired .", "the company performs its goodwill impairment tests on or about august 30 of each year .", "the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 .", "the company established reporting units based on its current reporting structure .", "for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no .", "142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no .", "144 .", "the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years .", "foreign currency translation the company translates the assets and liabilities of its international non-u.s .", "functional currency subsidiaries into u.s .", "dollars using exchange rates in effect at the end of each period .", "revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period .", "gains and losses from these translations are credited or charged to foreign currency translation ." ]

[ [ "Asset retirement liability as of September 25, 2004", "$8.2" ], [ "Additional asset retirement obligations recognized", "2.8" ], [ "Accretion recognized", "0.7" ], [ "Asset retirement liability as of September 24, 2005", "$11.7" ], [ "Additional asset retirement obligations recognized", "2.5" ], [ "Accretion recognized", "0.5" ], [ "Asset retirement liability as of September 30, 2006", "$14.7" ] ]

[ [ "asset retirement liability as of september 25 2004", "$ 8.2" ], [ "additional asset retirement obligations recognized", "2.8" ], [ "accretion recognized", "0.7" ], [ "asset retirement liability as of september 24 2005", "$ 11.7" ], [ "additional asset retirement obligations recognized", "2.5" ], [ "accretion recognized", "0.5" ], [ "asset retirement liability as of september 30 2006", "$ 14.7" ] ]

[ { "arg1": "11.7", "arg2": "8.2", "op": "minus1-1", "res": "3.5" }, { "arg1": "#0", "arg2": "8.2", "op": "divide1-2", "res": "42.7%" } ]

[ "years 2002 , 2003 , 2004 , and the first two quarters of fiscal 2005 .", "the restatement related to tax matters .", "the company provided information to the sec staff relating to the facts and circumstances surrounding the restatement .", "on july 28 , 2006 , the company filed an amendment to its annual report on form 10-k for the fiscal year ended may 29 , 2005 .", "the filing amended item 6 .", "selected financial data and exhibit 12 , computation of ratios of earnings to fixed charges , for fiscal year 2001 , and certain restated financial information for fiscal years 1999 and 2000 , all related to the application of certain of the company 2019s reserves for the three years and fiscal year 1999 income tax expense .", "the company provided information to the sec staff relating to the facts and circumstances surrounding the amended filing .", "the company reached an agreement with the sec staff concerning matters associated with these amended filings .", "that proposed settlement was approved by the securities and exchange commission on july 17 , 2007 .", "on july 24 , 2007 , the sec filed its complaint against the company in the united states district court for the district of colorado , followed by an executed consent , which without the company admitting or denying the allegations of the complaint , reflects the terms of the settlement , including payment by the company of a civil penalty of $ 45 million and the company 2019s agreement to be permanently enjoined from violating certain provisions of the federal securities laws .", "additionally , the company made approximately $ 2 million in indemnity payments on behalf of former employees concluding separate settlements with the sec .", "the company recorded charges of $ 25 million in fiscal 2004 , $ 21.5 million in the third quarter of fiscal 2005 , and $ 1.2 million in the first quarter of fiscal 2007 in connection with the expected settlement of these matters .", "three purported class actions were filed in united states district court for nebraska , rantala v .", "conagra foods , inc. , et .", "al. , case no .", "805cv349 , and bright v .", "conagra foods , inc. , et .", "al. , case no .", "805cv348 on july 18 , 2005 , and boyd v .", "conagra foods , inc. , et .", "al. , case no .", "805cv386 on august 8 , 2005 .", "the lawsuits are against the company , its directors and its employee benefits committee on behalf of participants in the company 2019s employee retirement income savings plans .", "the lawsuits allege violations of the employee retirement income security act ( erisa ) in connection with the events resulting in the company 2019s april 2005 restatement of its financial statements and related matters .", "the company has reached a settlement with the plaintiffs in these actions subject to court approval .", "the settlement includes a $ 4 million payment , most of which will be paid by an insurer .", "the company has also agreed to make certain prospective changes to its benefit plans as part of the settlement .", "2006 vs .", "2005 net sales ( $ in millions ) reporting segment fiscal 2006 net sales fiscal 2005 net sales % ( % ) increase/ ( decrease ) ." ]

[ "overall , company net sales increased $ 98 million to $ 11.5 billion in fiscal 2006 , primarily reflecting favorable results in the food and ingredients and international foods segments .", "price increases driven by higher input costs for potatoes , wheat milling and dehydrated vegetables within the food and ingredients segment , coupled with the strength of foreign currencies within the international foods segment enhanced net sales .", "these increases were partially offset by volume declines in the consumer foods segment , principally related to certain shelf stable brands and declines in the trading and merchandising segment related to decreased volumes and certain divestitures and closures. ." ]

[ [ "Reporting Segment", "Fiscal 2006 Net Sales", "Fiscal 2005 Net Sales", "% Increase/ (Decrease)" ], [ "Consumer Foods", "$6,504", "$6,598", "(1)%" ], [ "Food and Ingredients", "3,189", "2,986", "7%" ], [ "Trading and Merchandising", "1,186", "1,224", "(3)%" ], [ "International Foods", "603", "576", "5%" ], [ "Total", "$11,482", "$11,384", "1%" ] ]

[ [ "reporting segment", "fiscal 2006 net sales", "fiscal 2005 net sales", "% ( % ) increase/ ( decrease )" ], [ "consumer foods", "$ 6504", "$ 6598", "( 1 ) % ( % )" ], [ "food and ingredients", "3189", "2986", "7% ( 7 % )" ], [ "trading and merchandising", "1186", "1224", "( 3 ) % ( % )" ], [ "international foods", "603", "576", "5% ( 5 % )" ], [ "total", "$ 11482", "$ 11384", "1% ( 1 % )" ] ]

[]

[ "morgan stanley notes to consolidated financial statements 2014 ( continued ) senior debt securities often are denominated in various non-u.s .", "dollar currencies and may be structured to provide a return that is equity-linked , credit-linked , commodity-linked or linked to some other index ( e.g. , the consumer price index ) .", "senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities .", "debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 2902 million at december 31 , 2015 and $ 2175 million at december 31 , 2014 .", "in addition , in certain circumstances , certain purchasers may be entitled to cause the repurchase of the notes .", "the aggregated value of notes subject to these arrangements was $ 650 million at december 31 , 2015 and $ 551 million at december 31 , 2014 .", "subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s .", "dollar denominated .", "during 2015 , morgan stanley capital trusts vi and vii redeemed all of their issued and outstanding 6.60% ( 6.60 % ) capital securities , respectively , and the company concurrently redeemed the related underlying junior subordinated debentures .", "senior debt 2014structured borrowings .", "the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures .", "to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor .", "the company generally carries the entire structured borrowings at fair value .", "the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value .", "changes in fair value related to the notes and economic hedges are reported in trading revenues .", "see note 3 for further information on structured borrowings .", "subordinated debt and junior subordinated debentures .", "included in the long-term borrowings are subordinated notes of $ 10404 million having a contractual weighted average coupon of 4.45% ( 4.45 % ) at december 31 , 2015 and $ 8339 million having a contractual weighted average coupon of 4.57% ( 4.57 % ) at december 31 , 2014 .", "junior subordinated debentures outstanding by the company were $ 2870 million at december 31 , 2015 having a contractual weighted average coupon of 6.22% ( 6.22 % ) at december 31 , 2015 and $ 4868 million at december 31 , 2014 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at december 31 , 2014 .", "maturities of the subordinated and junior subordinated notes range from 2022 to 2067 , while maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option .", "asset and liability management .", "in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate .", "fixed assets are generally financed with fixed rate long-term debt .", "the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk .", "these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations .", "in addition , for non-u.s .", "dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s .", "dollar obligations .", "the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate .", "effective average borrowing rate. ." ]

[ "." ]

[ [ "", "2015", "2014", "2013" ], [ "Weighted average coupon of long-term borrowings at period-end(1)", "4.0%", "4.2%", "4.4%" ], [ "Effective average borrowing rate for long-term borrowings after swaps at period-end(1)", "2.1%", "2.3%", "2.2%" ] ]

[ [ "", "2015", "2014", "2013" ], [ "weighted average coupon of long-term borrowings at period-end ( 1 )", "4.0% ( 4.0 % )", "4.2% ( 4.2 % )", "4.4% ( 4.4 % )" ], [ "effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )", "2.1% ( 2.1 % )", "2.3% ( 2.3 % )", "2.2% ( 2.2 % )" ] ]

[]

[ "( v ) bankruptcy , insolvency , or other similar proceedings , ( vi ) our inability to pay debts , ( vii ) judgment defaults of $ 15 million or more , ( viii ) customary erisa and environmental defaults , ( ix ) actual or asserted invalidity of any material provision of the loan documentation or impairment of a portion of the collateral , ( x ) failure of subordinated indebtedness to be validly and sufficiently subordinated , and ( xi ) a change of control .", "borrowings under the credit agreement accrue interest at variable rates , which depend on the type ( u.s .", "dollar or canadian dollar ) and duration of the borrowing , plus an applicable margin rate .", "the weighted-average interest rates , including the effect of interest rate swap agreements , on borrowings outstanding against our senior secured credit facility at december 31 , 2010 and 2009 were 3.97% ( 3.97 % ) and 4.53% ( 4.53 % ) , respectively .", "borrowings against the senior secured credit facility totaled $ 590.1 million and $ 595.7 million at december 31 , 2010 and 2009 , respectively , of which $ 50.0 million and $ 7.5 million were classified as current maturities , respectively .", "we also incur commitment fees on the unused portion of our revolving credit facility ranging from 0.38% ( 0.38 % ) to 0.50% ( 0.50 % ) .", "as part of the consideration for business acquisitions completed during 2010 , 2009 and 2008 , we issued promissory notes totaling approximately $ 5.5 million , $ 1.2 million and $ 1.6 million , respectively .", "the notes bear interest at annual rates of 2.0% ( 2.0 % ) to 4.0% ( 4.0 % ) , and interest is payable at maturity or in monthly installments .", "note 6 .", "derivative instruments and hedging activities we are exposed to market risks , including the effect of changes in interest rates , foreign currency exchange rates and commodity prices .", "under our current policies , we use derivatives to manage our exposure to variable interest rates on our credit agreement , but we do not attempt to hedge our foreign currency and commodity price risks .", "we do not hold or issue derivatives for trading purposes .", "at december 31 , 2010 , we had interest rate swap agreements in place to hedge a portion of the variable interest rate risk on our variable rate term loans , with the objective of minimizing the impact of interest rate fluctuations and stabilizing cash flows .", "beginning on the effective dates of the interest rate swap agreements , on a monthly basis through the maturity date , we have paid and will pay the fixed interest rate and have received and will receive payment at a variable rate of interest based on the london interbank offered rate ( 201clibor 201d ) on the notional amount .", "the interest rate swap agreements qualify as cash flow hedges , and we have elected to apply hedge accounting for these swap agreements .", "as a result , the effective portion of changes in the fair value of the interest rate swap agreements is recorded in other comprehensive income and is reclassified to interest expense when the underlying interest payment has an impact on earnings .", "the ineffective portion of changes in the fair value of the interest rate swap agreements is reported in interest expense .", "the following table summarizes the terms of our interest rate swap agreements as of december 31 , 2010: ." ]

[ "* includes applicable margin of 2.25% ( 2.25 % ) per annum currently in effect under the credit agreement as of december 31 , 2010 , the fair market value of the $ 200 million notional amount swap was a liability of $ 1.4 million , included in other accrued expenses on our consolidated balance sheet .", "the fair market value of the other swap contracts was an asset of $ 4.8 million , included in other assets on our consolidated balance sheet as of december 31 , 2010 .", "as of december 31 , 2009 , the fair market value of the interest rate swap contracts was a liability of $ 10.2 million and was included in other accrued expenses ( $ 5.0 million ) and other noncurrent liabilities ( $ 5.2 million ) on our consolidated balance sheet. ." ]

[ [ "Notional Amount", "Effective Date", "Maturity Date", "Fixed Interest Rate*" ], [ "$200,000,000", "April 14, 2008", "April 14, 2011", "4.99%" ], [ "$250,000,000", "October 14, 2010", "October 14, 2015", "3.81%" ], [ "$100,000,000", "April 14, 2011", "October 14, 2013", "3.34%" ] ]

[ [ "notional amount", "effective date", "maturity date", "fixed interest rate*" ], [ "$ 200000000", "april 14 2008", "april 14 2011", "4.99% ( 4.99 % )" ], [ "$ 250000000", "october 14 2010", "october 14 2015", "3.81% ( 3.81 % )" ], [ "$ 100000000", "april 14 2011", "october 14 2013", "3.34% ( 3.34 % )" ] ]

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

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

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

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

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[ "." ]

[ "the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable .", "in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility .", "because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options .", "the fair value of the rsus was determined based on the market value at the date of grant .", "the total fair value of awards vested during 2008 , 2007 , and 2006 was $ 35384 , $ 17840 , and $ 9413 , respectively .", "the total stock based compensation expense calculated using the black-scholes option valuation model in 2008 , 2007 , and 2006 was $ 38872 , $ 22164 , and $ 11913 , respectively.the aggregate intrinsic values of options outstanding and exercisable at december 27 , 2008 were $ 8.2 million and $ 8.2 million , respectively .", "the aggregate intrinsic value of options exercised during the year ended december 27 , 2008 was $ 0.6 million .", "aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 19.39 on december 27 , 2008 , and the exercise price multiplied by the number of options exercised .", "as of december 27 , 2008 , there was $ 141.7 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the stock compensation plans .", "that cost is expected to be recognized over a period of five years .", "employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) .", "up to 2000000 shares of common stock have been reserved for the espp .", "shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date .", "the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code .", "during 2008 , 2007 , and 2006 , 362902 , 120230 , and 124693 shares , respectively were purchased under the plan for a total purchase price of $ 8782 , $ 5730 , and $ 3569 , respectively .", "at december 27 , 2008 , approximately 663679 shares were available for future issuance .", "10 .", "earnings per share the following table sets forth the computation of basic and diluted net income per share: ." ]

[ [ "", "2008", "2007", "2006" ], [ "Weighted average fair value of options granted", "$18.47", "$33.81", "$20.01" ], [ "Expected volatility", "0.3845", "0.3677", "0.3534" ], [ "Dividend yield", "3.75%", "0.76%", "1.00%" ], [ "Expected life of options in years", "6.0", "6.0", "6.3" ], [ "Risk-free interest rate", "2%", "4%", "5%" ] ]

[ [ "", "2008", "2007", "2006" ], [ "weighted average fair value of options granted", "$ 18.47", "$ 33.81", "$ 20.01" ], [ "expected volatility", "0.3845", "0.3677", "0.3534" ], [ "dividend yield", "3.75% ( 3.75 % )", "0.76% ( 0.76 % )", "1.00% ( 1.00 % )" ], [ "expected life of options in years", "6.0", "6.0", "6.3" ], [ "risk-free interest rate", "2% ( 2 % )", "4% ( 4 % )", "5% ( 5 % )" ] ]

[ { "arg1": "const_1", "arg2": "3.75%", "op": "add2-1", "res": "1.0375" }, { "arg1": "#0", "arg2": "const_6", "op": "exp2-2", "res": "1.247" }, { "arg1": "18.47", "arg2": "#1", "op": "multiply2-3", "res": "23.03" } ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .", "123 to stock-based compensation .", "the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : ." ]

[ "fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .", "as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .", "fair values were determined based on quoted market prices .", "the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .", "retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .", "under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .", "the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .", "recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .", "143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .", "the requirements of sfas no .", "143 are effective for the company as of january 1 , 2003 .", "the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .", "in august 2001 , the fasb issued sfas no .", "144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .", "144 supersedes sfas no .", "121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .", "sfas no .", "144 also clarifies certain measurement and classification issues from sfas no .", "121 .", "in addition , sfas no .", "144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .", "30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .", "however , sfas no .", "144 retains the requirement in apb no .", "30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .", "the scope of sfas no .", "144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .", "142 .", "the company implemented sfas no .", "144 on january 1 , 2002 .", "accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. ." ]

[ [ "", "2002", "2001", "2000" ], [ "Net loss as reported", "$(1,141,879)", "$(450,094)", "$(194,628)" ], [ "Less: Total stock-based employee compensation expense determined under fair value basedmethod for all awards, net of related tax effect", "(38,126)", "(50,540)", "(51,186)" ], [ "Pro-forma net loss", "$(1,180,005)", "$(500,634)", "$(245,814)" ], [ "Basic and diluted net loss per share—as reported", "$(5.84)", "$(2.35)", "$(1.15)" ], [ "Basic and diluted net loss per share—pro-forma", "$(6.04)", "$(2.61)", "$(1.46)" ] ]

[ [ "", "2002", "2001", "2000" ], [ "net loss as reported", "$ -1141879 ( 1141879 )", "$ -450094 ( 450094 )", "$ -194628 ( 194628 )" ], [ "less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect", "-38126 ( 38126 )", "-50540 ( 50540 )", "-51186 ( 51186 )" ], [ "pro-forma net loss", "$ -1180005 ( 1180005 )", "$ -500634 ( 500634 )", "$ -245814 ( 245814 )" ], [ "basic and diluted net loss per share 2014as reported", "$ -5.84 ( 5.84 )", "$ -2.35 ( 2.35 )", "$ -1.15 ( 1.15 )" ], [ "basic and diluted net loss per share 2014pro-forma", "$ -6.04 ( 6.04 )", "$ -2.61 ( 2.61 )", "$ -1.46 ( 1.46 )" ] ]

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