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MehdiHosseiniMoghadam

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ConvFinQA

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

[ "." ]

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

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

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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 % )" ] ]

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

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

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

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

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[ "notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees .", "as of march 31 , 2008 , mr .", "ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party .", "we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa .", "we believe these currency transactions were executed at prevailing market exchange rates .", "also from time to time , money transfer transactions are settled at destination facilities owned by cisa .", "we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 .", "in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively .", "in the normal course of business , we periodically utilize the services of contractors to provide software development services .", "one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services .", "the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states .", "during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million .", "as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets .", "in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively .", "note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .", "many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .", "rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively .", "future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases ." ]

[ "we are party to a number of other claims and lawsuits incidental to our business .", "in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. ." ]

[ [ "", "Operating Leases" ], [ "2009", "$22,883" ], [ "2010", "16,359" ], [ "2011", "11,746" ], [ "2012", "5,277" ], [ "2013", "3,365" ], [ "Thereafter", "7,816" ], [ "Total future minimum lease payments", "$67,446" ] ]

[ [ "", "operating leases" ], [ "2009", "$ 22883" ], [ "2010", "16359" ], [ "2011", "11746" ], [ "2012", "5277" ], [ "2013", "3365" ], [ "thereafter", "7816" ], [ "total future minimum lease payments", "$ 67446" ] ]

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[ "12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index .", "the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends .", "comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 ." ]

[ "." ]

[ [ "Total Cumulative Return", "2010", "2011", "2012", "2013", "2014" ], [ "Edwards Lifesciences", "$186.16", "$162.81", "$207.65", "$151.43", "$293.33" ], [ "S&P 500", "115.06", "117.49", "136.30", "180.44", "205.14" ], [ "S&P 500 Healthcare Equipment Index", "96.84", "102.07", "120.66", "153.85", "194.33" ] ]

[ [ "total cumulative return", "2010", "2011", "2012", "2013", "2014" ], [ "edwards lifesciences", "$ 186.16", "$ 162.81", "$ 207.65", "$ 151.43", "$ 293.33" ], [ "s&p 500", "115.06", "117.49", "136.30", "180.44", "205.14" ], [ "s&p 500 healthcare equipment index", "96.84", "102.07", "120.66", "153.85", "194.33" ] ]

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

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

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

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

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[ "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 .", "there were no contributions to our legacy qualified defined benefit pension plans during 2016 .", "we do not plan to make contributions to our legacy pension plans in 2017 because none are required using current assumptions including investment returns on plan assets .", "we made $ 23 million in contributions during 2016 to our newly established sikorsky pension plan and expect to make $ 45 million in contributions to this plan during 2017 .", "the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2016 ( 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 $ 617 million in 2016 , $ 393 million in 2015 and $ 385 million in 2014 , the majority of which were funded in our common stock .", "our defined contribution plans held approximately 36.9 million and 40.0 million shares of our common stock as of december 31 , 2016 and 2015 .", "note 12 2013 stockholders 2019 equity at december 31 , 2016 and 2015 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock .", "of the 290 million shares of common stock issued and outstanding as of december 31 , 2016 , 289 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust .", "of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust .", "no shares of preferred stock were issued and outstanding at december 31 , 2016 or 2015 .", "repurchases of common stock during 2016 , we repurchased 8.9 million shares of our common stock for $ 2.1 billion .", "during 2015 and 2014 , we paid $ 3.1 billion and $ 1.9 billion to repurchase 15.2 million and 11.5 million shares of our common stock .", "on september 22 , 2016 , our board of directors approved a $ 2.0 billion increase to our share repurchase program .", "inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.5 billion as of december 31 , 2016 .", "as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital .", "due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 1.7 billion and $ 2.4 billion recorded as a reduction of retained earnings in 2016 and 2015 .", "we paid dividends totaling $ 2.0 billion ( $ 6.77 per share ) in 2016 , $ 1.9 billion ( $ 6.15 per share ) in 2015 and $ 1.8 billion ( $ 5.49 per share ) in 2014 .", "we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2016 .", "we declared quarterly dividends of $ 1.65 per share during each of the first three quarters of 2016 and $ 1.82 per share during the fourth quarter of 2016 ; $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; and $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014. ." ]

[ [ "", "2017", "2018", "2019", "2020", "2021", "2022 – 2026" ], [ "Qualified defined benefit pension plans", "$2,260", "$2,340", "$2,420", "$2,510", "$2,590", "$13,920" ], [ "Retiree medical and life insurance plans", "180", "180", "190", "190", "190", "870" ] ]

[ [ "", "2017", "2018", "2019", "2020", "2021", "2022 2013 2026" ], [ "qualified defined benefit pension plans", "$ 2260", "$ 2340", "$ 2420", "$ 2510", "$ 2590", "$ 13920" ], [ "retiree medical and life insurance plans", "180", "180", "190", "190", "190", "870" ] ]

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[ "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" ] ]

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[ "2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) ." ]

[ "total future minimum sponsorship and other payments $ 1355605 the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements .", "the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements .", "it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products .", "the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives .", "in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers .", "in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items .", "generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith .", "based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations .", "from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business .", "other than as described below , the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows .", "on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v .", "under armour , inc. ) .", "on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v .", "under armour , inc. ) .", "the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive .", "the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints .", "in general , the allegations in each case concern disclosures and statements made by ." ]

[ [ "2017", "$176,138" ], [ "2018", "166,961" ], [ "2019", "142,987" ], [ "2020", "124,856" ], [ "2021", "118,168" ], [ "2022 and thereafter", "626,495" ], [ "Total future minimum sponsorship and other payments", "$1,355,605" ] ]

[ [ "2017", "$ 176138" ], [ "2018", "166961" ], [ "2019", "142987" ], [ "2020", "124856" ], [ "2021", "118168" ], [ "2022 and thereafter", "626495" ], [ "total future minimum sponsorship and other payments", "$ 1355605" ] ]

[ { "arg1": "176138", "arg2": "166961", "op": "add2-1", "res": "343099" }, { "arg1": "#0", "arg2": "142987", "op": "add2-2", "res": "486086" }, { "arg1": "#1", "arg2": "1355605", "op": "divide2-3", "res": "35.9%" } ]

[ "part ii , item 8 20 .", "pension and other benefit plans adoption of sfas 158 in september 2006 , the financial accounting standards board issued sfas 158 ( employer 2019s accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no .", "87 , 88 , 106 and 132 ( r ) ) .", "sfas 158 required schlumberger to recognize the funded status ( i.e. , the difference between the fair value of plan assets and the benefit obligation ) of its defined benefit pension and other postretirement plans ( collectively 201cpostretirement benefit plans 201d ) in its december 31 , 2006 consolidated balance sheet , with a corresponding adjustment to accumulated other comprehensive income , net of tax .", "the adjustment to accumulated other comprehensive income at adoption represents the net unrecognized actuarial losses and unrecognized prior service costs which were previously netted against schlumberger 2019s postretirement benefit plans 2019 funded status in the consolidated balance sheet pursuant to the provisions of sfas 87 ( employers 2019 accounting for pensions ) and sfas 106 ( employer 2019s accounting for postretirement benefits other than pensions ) .", "these amounts will subsequently be recognized as net periodic postretirement cost consistent with schlumberger 2019s historical accounting policy for amortizing such amounts .", "the adoption of sfas 158 had no effect on schlumberger 2019s consolidated statement of income for the year ended december 31 , 2006 , or for any prior period , and it will not affect schlumberger 2019s operating results in future periods .", "additionally , sfas 158 did not have an effect on schlumberger 2019s consolidated balance sheet at december 31 , sfas 158 also required companies to measure the fair value of plan assets and benefit obligations as of the date of the fiscal year-end balance sheet .", "this provision of sfas 158 is not applicable as schlumberger already uses a measurement date of december 31 for its postretirement benefit plans .", "the incremental effect of applying sfas 158 on the consolidated balance sheet at december 31 , 2006 for all of schlumberger 2019s postretirement benefit plans is presented in the following table : ( stated in millions ) prior to application of sfas 158 sfas 158 adoption adjustments application of sfas 158 ." ]

[ "as a result of the adoption of sfas 158 , schlumberger 2019s total liabilities increased by approximately 2% ( 2 % ) and stockholders 2019 equity decreased by approximately 3% ( 3 % ) .", "the impact on schlumberger 2019s total assets was insignificant .", "united states defined benefit pension plans schlumberger and its united states subsidiary sponsor several defined benefit pension plans that cover substantially all employees hired prior to october 1 , 2004 .", "the benefits are based on years of service and compensation on a career-average pay basis .", "the funding policy with respect to qualified pension plans is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability , amounts that are deductible for income tax purposes , legal funding requirements and available cash flow .", "these contributions are intended to provide for benefits earned to date and those expected to be earned in the future. ." ]

[ [ "", "Prior to application of SFAS 158", "SFAS 158 Adoption Adjustments", "After application of SFAS 158" ], [ "Deferred taxes (current)", "$191", "$(28)", "$163" ], [ "Deferred Taxes (long-term)", "$186", "$227", "$413" ], [ "Other Assets", "$416", "$(243)", "$173" ], [ "Accounts payable and accrued liabilities", "$3,925", "$(77)", "$3,848" ], [ "Postretirement Benefits", "$713", "$323", "$1,036" ], [ "Accumulated other comprehensive loss", "$(879)", "$(290)", "$(1,169)" ] ]

[ [ "", "prior to application of sfas 158", "sfas 158 adoption adjustments", "after application of sfas 158" ], [ "deferred taxes ( current )", "$ 191", "$ -28 ( 28 )", "$ 163" ], [ "deferred taxes ( long-term )", "$ 186", "$ 227", "$ 413" ], [ "other assets", "$ 416", "$ -243 ( 243 )", "$ 173" ], [ "accounts payable and accrued liabilities", "$ 3925", "$ -77 ( 77 )", "$ 3848" ], [ "postretirement benefits", "$ 713", "$ 323", "$ 1036" ], [ "accumulated other comprehensive loss", "$ -879 ( 879 )", "$ -290 ( 290 )", "$ -1169 ( 1169 )" ] ]

[ { "arg1": "28", "arg2": "const_m1", "op": "multiply0-0", "res": "-28" }, { "arg1": "-28", "arg2": "227", "op": "add2-1", "res": "199" } ]

[ "devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2014 ( in mmboe ) . ." ]

[ "at december 31 , 2014 , devon had 689 mmboe of proved undeveloped reserves .", "this represents a 2 percent decrease as compared to 2013 and represents 25 percent of total proved reserves .", "drilling and development activities increased devon 2019s proved undeveloped reserves 161 mmboe and resulted in the conversion of 89 mmboe , or 13 percent , of the 2013 proved undeveloped reserves to proved developed reserves .", "costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were approximately $ 1.0 billion for 2014 .", "additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 43 mmboe primarily due to evaluations of certain u.s .", "onshore dry-gas areas , which devon does not expect to develop in the next five years .", "the largest revisions , which were approximately 69 mmboe , relate to the dry-gas areas in the barnett shale in north texas .", "a significant amount of devon 2019s proved undeveloped reserves at the end of 2014 related to its jackfish operations .", "at december 31 , 2014 and 2013 , devon 2019s jackfish proved undeveloped reserves were 384 mmboe and 441 mmboe , respectively .", "development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .", "processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios .", "furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities .", "due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves .", "as a result , these reserves are classified as proved undeveloped for more than five years .", "currently , the development schedule for these reserves extends though the year 2031 .", "price revisions 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada .", "2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .", "of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .", "2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .", "of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area. ." ]

[ [ "", "U.S.", "Canada", "Total" ], [ "Proved undeveloped reserves as of December 31, 2013", "258", "443", "701" ], [ "Extensions and discoveries", "153", "8", "161" ], [ "Revisions due to prices", "(1)", "(34)", "(35)" ], [ "Revisions other than price", "(61)", "18", "(43)" ], [ "Sale of reserves", "(4)", "(2)", "(6)" ], [ "Conversion to proved developed reserves", "(40)", "(49)", "(89)" ], [ "Proved undeveloped reserves as of December 31, 2014", "305", "384", "689" ] ]

[ [ "", "u.s .", "canada", "total" ], [ "proved undeveloped reserves as of december 31 2013", "258", "443", "701" ], [ "extensions and discoveries", "153", "8", "161" ], [ "revisions due to prices", "-1 ( 1 )", "-34 ( 34 )", "-35 ( 35 )" ], [ "revisions other than price", "-61 ( 61 )", "18", "-43 ( 43 )" ], [ "sale of reserves", "-4 ( 4 )", "-2 ( 2 )", "-6 ( 6 )" ], [ "conversion to proved developed reserves", "-40 ( 40 )", "-49 ( 49 )", "-89 ( 89 )" ], [ "proved undeveloped reserves as of december 31 2014", "305", "384", "689" ] ]

[]

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

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

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

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

[ { "arg1": "18.5", "arg2": "1.4", "op": "minus2-1", "res": "17.1" }, { "arg1": "#0", "arg2": "1.4", "op": "divide2-2", "res": "1221%" } ]

[ "the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 may require the government to acquire an ownership interest and the current expectation of future losses .", "our evaluation indicated that the long-lived assets were no longer recoverable and , accordingly , they were written down to their estimated fair value of $ 24 million based on a discounted cash flow analysis .", "the long-lived assets had a carrying amount of $ 66 million prior to the recognition of asset impairment expense .", "kelanitissa is a build- operate-transfer ( bot ) generation facility and payments under its ppa are scheduled to decline over the ppa term .", "it is possible that further impairment charges may be required in the future as kelanitissa gets closer to the bot date .", "kelanitissa is reported in the asia generation reportable segment .", "asset impairment expense for the year ended december 31 , 2010 consisted of : ( in millions ) ." ]

[ "southland 2014in september 2010 , a new environmental policy on the use of ocean water to cool generation facilities was issued in california that requires generation plants to comply with the policy by december 31 , 2020 and would require significant capital expenditure or plants 2019 shutdown .", "the company 2019s huntington beach gas-fired generation facility in california , which is part of aes 2019 southland business , was impacted by the new policy .", "the company performed an asset impairment test and determined the fair value of the asset group using a discounted cash flow analysis .", "the carrying value of the asset group of $ 288 million exceeded the fair value of $ 88 million resulting in the recognition of asset impairment expense of $ 200 million for the year ended december 31 , 2010 .", "southland is reported in the north america generation reportable segment .", "tisza ii 2014during the third quarter of 2010 , the company entered into annual negotiations with the offtaker of tisza ii .", "as a result of these preliminary negotiations , as well as the further deterioration of the economic environment in hungary , the company determined that an indicator of impairment existed at september 30 , 2010 .", "thus , the company performed an asset impairment test and determined that based on the undiscounted cash flow analysis , the carrying amount of the tisza ii asset group was not recoverable .", "the fair value of the asset group was then determined using a discounted cash flow analysis .", "the carrying value of the tisza ii asset group of $ 160 million exceeded the fair value of $ 75 million resulting in the recognition of asset impairment expense of $ 85 million during the year ended december 31 , 2010 .", "deepwater 2014in 2010 , deepwater , our 160 mw petcoke-fired merchant power plant located in texas , experienced deteriorating market conditions due to increasing petcoke prices and diminishing power prices .", "as a result , deepwater incurred operating losses and was shut down from time to time to avoid negative operating margin .", "in the fourth quarter of 2010 , management concluded that , on an undiscounted cash flow basis , the carrying amount of the asset group was no longer recoverable .", "the fair value of deepwater was determined using a discounted cash flow analysis and $ 79 million of impairment expense was recognized .", "deepwater is reported in the north america generation reportable segment. ." ]

[ [ "", "2010 (in millions)" ], [ "Southland (Huntington Beach)", "$200" ], [ "Tisza II", "85" ], [ "Deepwater", "79" ], [ "Other", "25" ], [ "Total", "$389" ] ]

[ [ "", "2010 ( in millions )" ], [ "southland ( huntington beach )", "$ 200" ], [ "tisza ii", "85" ], [ "deepwater", "79" ], [ "other", "25" ], [ "total", "$ 389" ] ]

[]

[ "reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position .", "foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years .", "years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) .", "our tax returns are currently under examination in various foreign jurisdictions .", "the most significant foreign tax jurisdiction under examination is the united kingdom .", "it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position .", "13 .", "capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 .", "the numerator for both basic and diluted earnings per share is net earnings available to common stockholders .", "the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period .", "the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards .", "the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : ." ]

[ "weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock .", "for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included .", "during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions .", "in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 .", "approximately $ 1.13 billion remains authorized under this plan .", "14 .", "segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation .", "we also provide other healthcare-related services .", "revenue related to these services currently represents less than 1 percent of our total net sales .", "we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets .", "this structure is the basis for our reportable segment information discussed below .", "management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense .", "global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s .", "and puerto rico-based manufacturing operations and logistics .", "intercompany transactions have been eliminated from segment operating profit .", "management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets .", "z i m m e r h o l d i n g s , i n c .", "2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| ." ]

[ [ "", "2008", "2007", "2006" ], [ "Weighted average shares outstanding for basic net earnings per share", "227.3", "235.5", "243.0" ], [ "Effect of dilutive stock options and other equity awards", "1.0", "2.0", "2.4" ], [ "Weighted average shares outstanding for diluted net earnings per share", "228.3", "237.5", "245.4" ] ]

[ [ "", "2008", "2007", "2006" ], [ "weighted average shares outstanding for basic net earnings per share", "227.3", "235.5", "243.0" ], [ "effect of dilutive stock options and other equity awards", "1.0", "2.0", "2.4" ], [ "weighted average shares outstanding for diluted net earnings per share", "228.3", "237.5", "245.4" ] ]

[ { "arg1": "228.3", "arg2": "237.5", "op": "minus2-1", "res": "-9.2" }, { "arg1": "#0", "arg2": "237.5", "op": "divide2-2", "res": "-4%" } ]

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

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

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

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

[ { "arg1": "247.9", "arg2": "255.9", "op": "minus2-1", "res": "-8" }, { "arg1": "#0", "arg2": "255.9", "op": "divide2-2", "res": "-3.1%" } ]

[ "republic services , inc .", "notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .", "2006 incentive stock plan ( formerly known as the allied waste industries , inc .", "2006 incentive stock plan ( the 2006 plan ) ) .", "allied 2019s stockholders approved the 2006 plan in may 2006 .", "the 2006 plan was amended and restated in december 2008 to reflect that republic services , inc .", "is the new sponsor of the plan , that any references to shares of common stock is to shares of common stock of republic services , inc. , and to adjust outstanding awards and the number of shares available under the plan to reflect the acquisition .", "the 2006 plan , as amended and restated , provides for the grant of non-qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .", "awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the acquisition .", "awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc .", "and its subsidiaries who were not employed by republic services , inc .", "prior to such date .", "at december 31 , 2012 , there were approximately 15.5 million shares of common stock reserved for future grants under the 2006 plan .", "stock options we use a binomial option-pricing model to value our stock option grants .", "we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier .", "expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option .", "the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option .", "we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the period presented ) and expected life of the options .", "when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes .", "the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2012 , 2011 and 2010 were $ 4.77 , $ 5.35 and $ 5.28 per option , respectively , which were calculated using the following weighted-average assumptions: ." ]

[ "." ]

[ [ "", "2012", "2011", "2010" ], [ "Expected volatility", "27.8%", "27.3%", "28.6%" ], [ "Risk-free interest rate", "0.8%", "1.7%", "2.4%" ], [ "Dividend yield", "3.2%", "2.7%", "2.9%" ], [ "Expected life (in years)", "4.5", "4.4", "4.3" ], [ "Contractual life (in years)", "7.0", "7.0", "7.0" ] ]

[ [ "", "2012", "2011", "2010" ], [ "expected volatility", "27.8% ( 27.8 % )", "27.3% ( 27.3 % )", "28.6% ( 28.6 % )" ], [ "risk-free interest rate", "0.8% ( 0.8 % )", "1.7% ( 1.7 % )", "2.4% ( 2.4 % )" ], [ "dividend yield", "3.2% ( 3.2 % )", "2.7% ( 2.7 % )", "2.9% ( 2.9 % )" ], [ "expected life ( in years )", "4.5", "4.4", "4.3" ], [ "contractual life ( in years )", "7.0", "7.0", "7.0" ] ]

[ { "arg1": "3.2", "arg2": "2.7", "op": "minus1-1", "res": "0.5" }, { "arg1": "#0", "arg2": "2.7", "op": "divide1-2", "res": "18.5%" } ]

[ "entergy corporation and subsidiaries notes to financial statements entergy new orleans securitization bonds - hurricane isaac in may 2015 the city council issued a financing order authorizing the issuance of securitization bonds to recover entergy new orleans 2019s hurricane isaac storm restoration costs of $ 31.8 million , including carrying costs , the costs of funding and replenishing the storm recovery reserve in the amount of $ 63.9 million , and approximately $ 3 million of up-front financing costs associated with the securitization .", "in july 2015 , entergy new orleans storm recovery funding i , l.l.c. , a company wholly owned and consolidated by entergy new orleans , issued $ 98.7 million of storm cost recovery bonds .", "the bonds have a coupon of 2.67% ( 2.67 % ) and an expected maturity date of june 2024 .", "although the principal amount is not due until the date given above , entergy new orleans storm recovery funding expects to make principal payments on the bonds over the next five years in the amounts of $ 11.4 million for 2016 , $ 10.6 million for 2017 , $ 11 million for 2018 , $ 11.2 million for 2019 , and $ 11.6 million for 2020 .", "with the proceeds , entergy new orleans storm recovery funding purchased from entergy new orleans the storm recovery property , which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds .", "the storm recovery property is reflected as a regulatory asset on the consolidated entergy new orleans balance sheet .", "the creditors of entergy new orleans do not have recourse to the assets or revenues of entergy new orleans storm recovery funding , including the storm recovery property , and the creditors of entergy new orleans storm recovery funding do not have recourse to the assets or revenues of entergy new orleans .", "entergy new orleans has no payment obligations to entergy new orleans storm recovery funding except to remit storm recovery charge collections .", "entergy texas securitization bonds - hurricane rita in april 2007 the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas 2019s hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits .", "in june 2007 , entergy gulf states reconstruction funding i , llc , a company that is now wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) as follows : amount ( in thousands ) ." ]

[ "although the principal amount of each tranche is not due until the dates given above , entergy gulf states reconstruction funding expects to make principal payments on the bonds over the next five years in the amounts of $ 26 million for 2016 , $ 27.6 million for 2017 , $ 29.2 million for 2018 , $ 30.9 million for 2019 , and $ 32.8 million for 2020 .", "all of the scheduled principal payments for 2016 are for tranche a-2 , $ 23.6 million of the scheduled principal payments for 2017 are for tranche a-2 and $ 4 million of the scheduled principal payments for 2017 are for tranche a-3 .", "all of the scheduled principal payments for 2018-2020 are for tranche a-3 .", "with the proceeds , entergy gulf states reconstruction funding purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds .", "the transition property is reflected as a regulatory asset on the consolidated entergy texas balance sheet .", "the creditors of entergy texas do not have recourse to the assets or revenues of entergy gulf states reconstruction funding , including the transition property , and the creditors of entergy gulf states reconstruction funding do not have recourse to the assets or revenues of entergy texas .", "entergy texas has no payment obligations to entergy gulf states reconstruction funding except to remit transition charge collections. ." ]

[ [ "", "Amount (In Thousands)" ], [ "Senior Secured Transition Bonds, Series A:", "" ], [ "Tranche A-1 (5.51%) due October 2013", "$93,500" ], [ "Tranche A-2 (5.79%) due October 2018", "121,600" ], [ "Tranche A-3 (5.93%) due June 2022", "114,400" ], [ "Total senior secured transition bonds", "$329,500" ] ]

[ [ "", "amount ( in thousands )" ], [ "senior secured transition bonds series a:", "" ], [ "tranche a-1 ( 5.51% ( 5.51 % ) ) due october 2013", "$ 93500" ], [ "tranche a-2 ( 5.79% ( 5.79 % ) ) due october 2018", "121600" ], [ "tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022", "114400" ], [ "total senior secured transition bonds", "$ 329500" ] ]

[ { "arg1": "32.8", "arg2": "const_1000", "op": "multiply1-1", "res": "32800" }, { "arg1": "#0", "arg2": "329500", "op": "divide1-2", "res": "9.96%" } ]

[ "asbestos claims the company and several of its us subsidiaries are defendants in asbestos cases .", "during the year ended december 31 , 2010 , asbestos case activity is as follows: ." ]

[ "because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases .", "the company has reserves for defense costs related to claims arising from these matters .", "award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) .", "the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law .", "all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend .", "as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement .", "in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement .", "as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts .", "on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh .", "on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) .", "this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 .", "award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation .", "pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out .", "if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment .", "if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg*** transmitting job : d77691 pcn : 148000000 ***%%pcmsg|148 |00010|yes|no|02/08/2011 16:10|0|0|page is valid , no graphics -- color : n| ." ]

[ [ "", "Asbestos Cases" ], [ "As of December 31, 2009", "526" ], [ "Case adjustments", "2" ], [ "New cases filed", "41" ], [ "Resolved cases", "(70)" ], [ "As of December 31, 2010", "499" ] ]

[ [ "", "asbestos cases" ], [ "as of december 31 2009", "526" ], [ "case adjustments", "2" ], [ "new cases filed", "41" ], [ "resolved cases", "-70 ( 70 )" ], [ "as of december 31 2010", "499" ] ]

[ { "arg1": "499", "arg2": "526", "op": "minus1-1", "res": "-27" }, { "arg1": "#0", "arg2": "526", "op": "divide1-2", "res": "-5.1%" } ]

[ "as of december 31 , 2012 and 2011 , the estimated value of the company's uncertain tax positions were liabilities of $ 19 million and $ 6 million , respectively .", "assuming sustainment of these positions , the reversal of $ 1 million of the amounts accrued would favorably affect the company's effective federal income tax rate in future periods .", "accrued interest and penalties with respect to unrecognized tax benefits were $ 2 million and $ 3 million as of december 31 , 2012 and 2011 , respectively .", "during 2011 , the company recorded a reduction of $ 10 million to its liability for uncertain tax positions relating to tax periods prior to the spin-off for which northrop grumman is the primary obligor .", "during 2010 , northrop grumman reached final settlement with the irs and the u .", "s .", "congressional joint committee on taxation on the irs examination of northrop grumman's tax returns for the years 2004 through 2006 .", "as a result of this settlement , the company recognized tax benefits of $ 8 million as a reduction to the provision for income taxes .", "in connection with the settlement , the company also recorded a reduction of $ 10 million to its liability for uncertain tax positions , including previously accrued interest , of $ 2 million .", "the following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: ." ]

[ "although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position .", "accordingly , additional provisions on federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved .", "conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued .", "the company believes it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 14 million .", "the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense .", "the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through 2009 .", "open tax years related to state jurisdictions remain subject to examination .", "as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions .", "under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes .", "accordingly , the company has recorded a reimbursement receivable of approximately $ 4 million , net of federal benefit , in other assets related to uncertain tax positions for state income taxes as of the date of the spin-off .", "deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes .", "such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. ." ]

[ [ "Jurisdiction", "Years" ], [ "United States", "2007", "-", "2012" ], [ "California", "2007", "-", "2012" ], [ "Louisiana", "2007", "-", "2012" ], [ "Mississippi", "2009", "-", "2012" ], [ "Virginia", "2006", "-", "2012" ] ]

[ [ "jurisdiction united states", "jurisdiction 2007", "jurisdiction -", "2012" ], [ "california", "2007", "-", "2012" ], [ "louisiana", "2007", "-", "2012" ], [ "mississippi", "2009", "-", "2012" ], [ "virginia", "2006", "-", "2012" ] ]

[]

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

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

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

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

[]

[ "movement in exit cost liabilities the movement in exit cost liabilities for pmi was as follows : ( in millions ) ." ]

[ "cash payments related to exit costs at pmi were $ 232 million , $ 360 million and $ 21 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .", "future cash payments for exit costs incurred to date are expected to be approximately $ 54 million , and will be substantially paid by the end of 2017 .", "the pre-tax asset impairment and exit costs shown above are primarily a result of the following : the netherlands on april 4 , 2014 , pmi announced the initiation by its affiliate , philip morris holland b.v .", "( 201cpmh 201d ) , of consultations with employee representatives on a proposal to discontinue cigarette production at its factory located in bergen op zoom , the netherlands .", "pmh reached an agreement with the trade unions and their members on a social plan and ceased cigarette production on september 1 , 2014 .", "during 2014 , total pre-tax asset impairment and exit costs of $ 489 million were recorded for this program in the european union segment .", "this amount includes employee separation costs of $ 343 million , asset impairment costs of $ 139 million and other separation costs of $ 7 million .", "separation program charges pmi recorded other pre-tax separation program charges of $ 68 million , $ 41 million and $ 51 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .", "the 2015 other pre-tax separation program charges primarily related to severance costs for the organizational restructuring in the european union segment .", "the 2014 other pre-tax separation program charges primarily related to severance costs for factory closures in australia and canada and the restructuring of the u.s .", "leaf purchasing model .", "the 2013 pre-tax separation program charges primarily related to the restructuring of global and regional functions based in switzerland and australia .", "contract termination charges during 2013 , pmi recorded exit costs of $ 258 million related to the termination of distribution agreements in eastern europe , middle east & africa ( due to a new business model in egypt ) and asia .", "asset impairment charges during 2014 , pmi recorded other pre-tax asset impairment charges of $ 5 million related to a factory closure in canada. ." ]

[ [ "Liability balance, January 1, 2014", "$308" ], [ "Charges, net", "391" ], [ "Cash spent", "(360)" ], [ "Currency/other", "(69)" ], [ "Liability balance, December 31, 2014", "$270" ], [ "Charges, net", "68" ], [ "Cash spent", "(232)" ], [ "Currency/other", "(52)" ], [ "Liability balance, December 31, 2015", "$54" ] ]

[ [ "liability balance january 1 2014", "$ 308" ], [ "charges net", "391" ], [ "cash spent", "-360 ( 360 )" ], [ "currency/other", "-69 ( 69 )" ], [ "liability balance december 31 2014", "$ 270" ], [ "charges net", "68" ], [ "cash spent", "-232 ( 232 )" ], [ "currency/other", "-52 ( 52 )" ], [ "liability balance december 31 2015", "$ 54" ] ]

[]

[ "the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve .", "as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable .", "our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures .", "the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 .", "the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 .", "the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 .", "we agreed to make payments to nvidia over six years .", "as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable .", "the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates .", "note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 ." ]

[ "in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment .", "in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income .", "proceeds received and gains recognized for each investment are included in the \"available-for-sale investments\" and \"equity method investments\" sections that follow .", "table of contents intel corporation notes to consolidated financial statements ( continued ) ." ]

[ [ "(In Millions)", "Dec 28,2013", "Dec 29,2012" ], [ "Available-for-sale investments", "$18,086", "$14,001" ], [ "Cash", "854", "593" ], [ "Equity method investments", "1,038", "992" ], [ "Loans receivable", "1,072", "979" ], [ "Non-marketable cost method investments", "1,270", "1,202" ], [ "Reverse repurchase agreements", "800", "2,850" ], [ "Trading assets", "8,441", "5,685" ], [ "Total cash and investments", "$31,561", "$26,302" ] ]

[ [ "( in millions )", "dec 282013", "dec 292012" ], [ "available-for-sale investments", "$ 18086", "$ 14001" ], [ "cash", "854", "593" ], [ "equity method investments", "1038", "992" ], [ "loans receivable", "1072", "979" ], [ "non-marketable cost method investments", "1270", "1202" ], [ "reverse repurchase agreements", "800", "2850" ], [ "trading assets", "8441", "5685" ], [ "total cash and investments", "$ 31561", "$ 26302" ] ]

[]

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

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

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

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

[]

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

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

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

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

[ { "arg1": "229.4", "arg2": "177.2", "op": "minus1-1", "res": "52.2" }, { "arg1": "#0", "arg2": "177.2", "op": "divide1-2", "res": ".2946" } ]

[ "2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 .", "the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire .", "these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume .", "mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 .", "the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries .", "these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 .", "backlog backlog decreased in 2016 compared to 2015 primarily due to lower orders on pac-3 , hellfire , and jassm .", "backlog increased in 2015 compared to 2014 primarily due to higher orders on pac-3 , lantirn/sniper and certain tactical missile programs , partially offset by lower orders on thaad .", "trends we expect mfc 2019s net sales to increase in the mid-single digit percentage range in 2017 as compared to 2016 driven primarily by our air and missile defense programs .", "operating profit is expected to be flat or increase slightly .", "accordingly , operating profit margin is expected to decline from 2016 levels as a result of contract mix and fewer risk retirements in 2017 compared to 2016 .", "rotary and mission systems as previously described , on november 6 , 2015 , we acquired sikorsky and aligned the sikorsky business under our rms business segment .", "the 2015 results of the acquired sikorsky business have been included in our financial results from the november 6 , 2015 acquisition date through december 31 , 2015 .", "as a result , our consolidated operating results and rms business segment operating results for the year ended december 31 , 2015 do not reflect a full year of sikorsky operations .", "our rms business segment provides design , manufacture , service and support for a variety of military and civil helicopters , ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; the littoral combat ship ( lcs ) ; simulation and training services ; and unmanned systems and technologies .", "in addition , rms supports the needs of government customers in cybersecurity and delivers communication and command and control capabilities through complex mission solutions for defense applications .", "rms 2019 major programs include black hawk and seahawk helicopters , aegis combat system ( aegis ) , lcs , space fence , advanced hawkeye radar system , tpq-53 radar system , ch-53k development helicopter , and vh-92a helicopter program .", "rms 2019 operating results included the following ( in millions ) : ." ]

[ "2016 compared to 2015 rms 2019 net sales in 2016 increased $ 4.4 billion , or 48% ( 48 % ) , compared to 2015 .", "the increase was primarily attributable to higher net sales of approximately $ 4.6 billion from sikorsky , which was acquired on november 6 , 2015 .", "net sales for 2015 include sikorsky 2019s results subsequent to the acquisition date , net of certain revenue adjustments required to account for the acquisition of this business .", "this increase was partially offset by lower net sales of approximately $ 70 million for training ." ]

[ [ "", "2016", "2015", "2014" ], [ "Net sales", "$13,462", "$9,091", "$8,732" ], [ "Operating profit", "906", "844", "936" ], [ "Operating margin", "6.7%", "9.3%", "10.7%" ], [ "Backlog atyear-end", "$28,400", "$30,100", "$13,300" ] ]

[ [ "", "2016", "2015", "2014" ], [ "net sales", "$ 13462", "$ 9091", "$ 8732" ], [ "operating profit", "906", "844", "936" ], [ "operating margin", "6.7% ( 6.7 % )", "9.3% ( 9.3 % )", "10.7% ( 10.7 % )" ], [ "backlog atyear-end", "$ 28400", "$ 30100", "$ 13300" ] ]

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[ "as of december 31 , 2013 and 2012 , our liabilities associated with unrecognized tax benefits are not material .", "we and our subsidiaries file income tax returns in the u.s .", "federal jurisdiction and various foreign jurisdictions .", "with few exceptions , the statute of limitations is no longer open for u.s .", "federal or non-u.s .", "income tax examinations for the years before 2010 , other than with respect to refunds .", "u.s .", "income taxes and foreign withholding taxes have not been provided on earnings of $ 222 million , $ 211 million , and $ 193 million that have not been distributed by our non-u.s .", "companies as of december 31 , 2013 , 2012 , and 2011 .", "our intention is to permanently reinvest these earnings , thereby indefinitely postponing their remittance to the u.s .", "if these earnings were remitted , we estimate that the additional income taxes after foreign tax credits would have been approximately $ 50 million in 2013 , $ 45 million in 2012 , and $ 41 million in 2011 .", "our federal and foreign income tax payments , net of refunds received , were $ 787 million in 2013 , $ 890 million in 2012 , and $ 722 million in 2011 .", "our 2013 net payments reflect a $ 550 million refund from the irs primarily attributable to our tax-deductible discretionary pension contributions during the fourth quarter of 2012 ; our 2012 net payments reflect a $ 153 million refund from the irs related to a 2011 capital loss carryback claim ; and our 2011 net payments reflect a $ 250 million refund from the irs related to estimated taxes paid for 2010 .", "as of december 31 , 2013 and 2012 , we had federal and foreign taxes receivable of $ 313 million and $ 662 million recorded within other current assets on our balance sheet , primarily attributable to our tax-deductible discretionary pension contributions in the fourth quarter of 2013 and 2012 and our debt exchange transaction in the fourth quarter of 2012 .", "note 9 2013 debt our long-term debt consisted of the following ( in millions ) : ." ]

[ "in december 2012 , we issued notes totaling $ 1.3 billion with a fixed interest rate of 4.07% ( 4.07 % ) maturing in december 2042 ( the new notes ) in exchange for outstanding notes totaling $ 1.2 billion with interest rates ranging from 5.50% ( 5.50 % ) to 8.50% ( 8.50 % ) maturing in 2023 to 2040 ( the old notes ) .", "in connection with the exchange , we paid a premium of $ 393 million , of which $ 225 million was paid in cash and $ 168 million was in the form of new notes .", "this premium , in addition to $ 194 million in remaining unamortized discounts related to the old notes , will be amortized as additional interest expense over the term of the new notes using the effective interest method .", "we may , at our option , redeem some or all of the new notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest .", "interest on the new notes is payable on june 15 and december 15 of each year , beginning on june 15 , 2013 .", "the new notes are unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness .", "in september 2011 , we issued $ 2.0 billion of long-term notes in a registered public offering and in october 2011 , we used a portion of the proceeds to redeem all of our $ 500 million long-term notes maturing in 2013 .", "in 2011 , we repurchased $ 84 million of our long-term notes through open-market purchases .", "we paid premiums of $ 48 million in connection with the early extinguishments of debt , which were recognized in other non-operating income ( expense ) , net .", "at december 31 , 2013 and 2012 , we had in place with a group of banks a $ 1.5 billion revolving credit facility that expires in august 2016 .", "we may request and the banks may grant , at their discretion , an increase to the credit facility by an additional amount up to $ 500 million .", "there were no borrowings outstanding under the credit facility through december 31 , 2013 .", "borrowings under the credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the credit facility .", "each bank 2019s obligation to make loans under the credit facility is subject ." ]

[ [ "", "2013", "2012" ], [ "Notes with rates from 2.13% to 6.15%, due 2016 to 2042", "$5,642", "$5,642" ], [ "Notes with rates from 7.00% to 7.75%, due 2016 to 2036", "916", "930" ], [ "Notes with a rate of 7.38%, due 2013", "—", "150" ], [ "Other debt", "476", "478" ], [ "Total long-term debt", "7,034", "7,200" ], [ "Less: unamortized discounts", "(882)", "(892)" ], [ "Total long-term debt, net of unamortized discounts", "6,152", "6,308" ], [ "Less: current maturities of long-term debt", "—", "(150)" ], [ "Total long-term debt, net", "$6,152", "$6,158" ] ]

[ [ "", "2013", "2012" ], [ "notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042", "$ 5642", "$ 5642" ], [ "notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2016 to 2036", "916", "930" ], [ "notes with a rate of 7.38% ( 7.38 % ) due 2013", "2014", "150" ], [ "other debt", "476", "478" ], [ "total long-term debt", "7034", "7200" ], [ "less : unamortized discounts", "-882 ( 882 )", "-892 ( 892 )" ], [ "total long-term debt net of unamortized discounts", "6152", "6308" ], [ "less : current maturities of long-term debt", "2014", "-150 ( 150 )" ], [ "total long-term debt net", "$ 6152", "$ 6158" ] ]

[ { "arg1": "6152", "arg2": "6308", "op": "divide2-1", "res": "-156" }, { "arg1": "#0", "arg2": "6308", "op": "divide2-2", "res": "-2.5%" } ]

[ "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" ] ]

[]

[ "higher in the first half of the year , but declined dur- ing the second half of the year reflecting the pass- through to customers of lower resin input costs .", "however , average margins benefitted from a more favorable mix of products sold .", "raw material costs were lower , primarily for resins .", "freight costs were also favorable , while operating costs increased .", "shorewood sales volumes in 2009 declined from 2008 levels reflecting weaker demand in the home entertainment segment and a decrease in tobacco segment orders as customers have shifted pro- duction outside of the united states , partially offset by higher shipments in the consumer products segment .", "average sales margins improved reflecting a more favorable mix of products sold .", "raw material costs were higher , but were partially offset by lower freight costs .", "operating costs were favorable , reflect- ing benefits from business reorganization and cost reduction actions taken in 2008 and 2009 .", "charges to restructure operations totaled $ 7 million in 2009 and $ 30 million in 2008 .", "entering 2010 , coated paperboard sales volumes are expected to increase , while average sales price real- izations should be comparable to 2009 fourth-quarter levels .", "raw material costs are expected to be sig- nificantly higher for wood , energy and chemicals , but planned maintenance downtime costs will decrease .", "foodservice sales volumes are expected to remain about flat , but average sales price realizations should improve slightly .", "input costs for resins should be higher , but will be partially offset by lower costs for bleached board .", "shorewood sales volumes are expected to decline reflecting seasonal decreases in home entertainment segment shipments .", "operating costs are expected to be favorable reflecting the benefits of business reorganization efforts .", "european consumer packaging net sales in 2009 were $ 315 million compared with $ 300 million in 2008 and $ 280 million in 2007 .", "operating earnings in 2009 of $ 66 million increased from $ 22 million in 2008 and $ 30 million in 2007 .", "sales volumes in 2009 were higher than in 2008 reflecting increased ship- ments to export markets .", "average sales margins declined due to increased shipments to lower- margin export markets and lower average sales prices in western europe .", "entering 2010 , sales volumes for the first quarter are expected to remain strong .", "average margins should improve reflecting increased sales price realizations and a more favorable geographic mix of products sold .", "input costs are expected to be higher due to increased wood prices in poland and annual energy tariff increases in russia .", "asian consumer packaging net sales were $ 545 million in 2009 compared with $ 390 million in 2008 and $ 330 million in 2007 .", "operating earnings in 2009 were $ 24 million compared with a loss of $ 13 million in 2008 and earnings of $ 12 million in 2007 .", "the improved operating earnings in 2009 reflect increased sales volumes , higher average sales mar- gins and lower input costs , primarily for chemicals .", "the loss in 2008 was primarily due to a $ 12 million charge to revalue pulp inventories at our shandong international paper and sun coated paperboard co. , ltd .", "joint venture and start-up costs associated with the joint venture 2019s new folding box board paper machine .", "distribution xpedx , our distribution business , markets a diverse array of products and supply chain services to cus- tomers in many business segments .", "customer demand is generally sensitive to changes in general economic conditions , although the commercial printing segment is also dependent on consumer advertising and promotional spending .", "distribution 2019s margins are relatively stable across an economic cycle .", "providing customers with the best choice and value in both products and supply chain services is a key competitive factor .", "additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability .", "distribution in millions 2009 2008 2007 ." ]

[ "distribution 2019s 2009 annual sales decreased 18% ( 18 % ) from 2008 and 11% ( 11 % ) from 2007 while operating profits in 2009 decreased 51% ( 51 % ) compared with 2008 and 54% ( 54 % ) compared with 2007 .", "annual sales of printing papers and graphic arts supplies and equipment totaled $ 4.1 billion in 2009 compared with $ 5.2 billion in 2008 and $ 4.7 billion in 2007 , reflecting weak economic conditions in 2009 .", "trade margins as a percent of sales for printing papers increased from 2008 but decreased from 2007 due to a higher mix of lower margin direct ship- ments from manufacturers .", "revenue from packaging products was $ 1.3 billion in 2009 compared with $ 1.7 billion in 2008 and $ 1.5 billion in 2007 .", "trade margins as a percent of sales for packaging products were higher than in the past two years reflecting an improved product and service mix .", "facility supplies annual revenue was $ 1.1 billion in 2009 , essentially ." ]

[ [ "<i>In millions</i>", "2009", "2008", "2007" ], [ "Sales", "$6,525", "$7,970", "$7,320" ], [ "Operating Profit", "50", "103", "108" ] ]

[ [ "in millions", "2009", "2008", "2007" ], [ "sales", "$ 6525", "$ 7970", "$ 7320" ], [ "operating profit", "50", "103", "108" ] ]

[]

[ "discounted cash flow model ( dcf ) to estimate the current fair value of its reporting units when testing for impairment , as management believes forecasted cash flows are the best indicator of such fair value .", "a number of significant assumptions and estimates are involved in the application of the dcf model to forecast operating cash flows , including sales growth ( volumes and pricing ) , production costs , capital spending , and discount rate .", "most of these assumptions vary significantly among the reporting units .", "cash flow forecasts are generally based on approved business unit operating plans for the early years and historical relationships in later years .", "the wacc rate for the individual reporting units is estimated with the assistance of valuation experts .", "arconic would recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit 2019s fair value without exceeding the total amount of goodwill allocated to that reporting unit .", "in connection with the interim impairment evaluation of long-lived assets for the disks operations ( an asset group within the aen business unit ) in the second quarter of 2018 , which resulted from a decline in forecasted financial performance for the business in connection with its updated three-year strategic plan , the company also performed an interim impairment evaluation of goodwill for the aen reporting unit .", "the estimated fair value of the reporting unit was substantially in excess of the carrying value ; thus , there was no impairment of goodwill .", "goodwill impairment tests in 2017 and 2016 indicated that goodwill was not impaired for any of the company 2019s reporting units , except for the arconic forgings and extrusions ( afe ) business whose estimated fair value was lower than its carrying value .", "as such , arconic recorded an impairment for the full amount of goodwill in the afe reporting unit of $ 719 .", "the decrease in the afe fair value was primarily due to unfavorable performance that was impacting operating margins and a higher discount rate due to an increase in the risk-free rate of return , while the carrying value increased compared to prior year .", "other intangible assets .", "intangible assets with indefinite useful lives are not amortized while intangible assets with finite useful lives are amortized generally on a straight-line basis over the periods benefited .", "the following table details the weighted- average useful lives of software and other intangible assets by reporting segment ( numbers in years ) : ." ]

[ "revenue recognition .", "the company's contracts with customers are comprised of acknowledged purchase orders incorporating the company 2019s standard terms and conditions , or for larger customers , may also generally include terms under negotiated multi-year agreements .", "these contracts with customers typically consist of the manufacture of products which represent single performance obligations that are satisfied upon transfer of control of the product to the customer .", "the company produces fastening systems ; seamless rolled rings ; investment castings , including airfoils and forged jet engine components ; extruded , machined and formed aircraft parts ; aluminum sheet and plate ; integrated aluminum structural systems ; architectural extrusions ; and forged aluminum commercial vehicle wheels .", "transfer of control is assessed based on alternative use of the products we produce and our enforceable right to payment for performance to date under the contract terms .", "transfer of control and revenue recognition generally occur upon shipment or delivery of the product , which is when title , ownership and risk of loss pass to the customer and is based on the applicable shipping terms .", "the shipping terms vary across all businesses and depend on the product , the country of origin , and the type of transportation ( truck , train , or vessel ) .", "an invoice for payment is issued at time of shipment .", "the company 2019s objective is to have net 30-day terms .", "our business units set commercial terms on which arconic sells products to its customers .", "these terms are influenced by industry custom , market conditions , product line ( specialty versus commodity products ) , and other considerations .", "in certain circumstances , arconic receives advanced payments from its customers for product to be delivered in future periods .", "these advanced payments are recorded as deferred revenue until the product is delivered and title and risk of loss have passed to the customer in accordance with the terms of the contract .", "deferred revenue is included in other current liabilities and other noncurrent liabilities and deferred credits on the accompanying consolidated balance sheet .", "environmental matters .", "expenditures for current operations are expensed or capitalized , as appropriate .", "expenditures relating to existing conditions caused by past operations , which will not contribute to future revenues , are expensed .", "liabilities are recorded when remediation costs are probable and can be reasonably estimated .", "the liability may include costs such as site investigations , consultant fees , feasibility studies , outside contractors , and monitoring expenses .", "estimates are generally not discounted or reduced by potential claims for recovery .", "claims for recovery are recognized when probable and as agreements are reached with third parties .", "the estimates also include costs related to other potentially responsible parties to the extent that arconic has reason to believe such parties will not fully pay their proportionate share .", "the liability is continuously reviewed and adjusted to reflect current remediation progress , prospective estimates of required activity , and other factors that may be relevant , including changes in technology or regulations .", "litigation matters .", "for asserted claims and assessments , liabilities are recorded when an unfavorable outcome of a matter is ." ]

[ [ "", "Software", "Other intangible assets" ], [ "Engineered Products and Solutions", "5", "33" ], [ "Global Rolled Products", "5", "9" ], [ "Transportation and Construction Solutions", "5", "16" ] ]

[ [ "", "software", "other intangible assets" ], [ "engineered products and solutions", "5", "33" ], [ "global rolled products", "5", "9" ], [ "transportation and construction solutions", "5", "16" ] ]

[ { "arg1": "33", "arg2": "5", "op": "divide2-1", "res": "6.6" }, { "arg1": "#0", "arg2": "const_100", "op": "multiply2-2", "res": "660%" }, { "arg1": "#1", "arg2": "const_100", "op": "minus2-3", "res": "560%" } ]

[ "9 .", "lease commitments the company leases certain land , facilities , equipment and software under various operating leases that expire at various dates through 2057 .", "the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs .", "total rental expense under operating leases was approximatelya $ 92.3 million in fiscal 2019 , $ 84.9 million in fiscal 2018 and $ 58.8 million in fiscal 2017 .", "the following is a schedule of futureff minimum rental payments required under long-term operating leases at november 2 , 2019 : operating fiscal years leases ." ]

[ "10 .", "commitments and contingencies from time to time , in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , among other things , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage , employment or employment benefits .", "as to such claims and litigation , the company can give no assurance that it will prevail .", "the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows .", "11 .", "retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees .", "defined contribution plans the company maintains a defined contribution plan for the benefit of its eligible u.s .", "employees .", "this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation .", "in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation .", "the total expense related to the defined contribution plans for u.s .", "employees was $ 47.7 million in fiscal 2019 , $ 41.4 million in fiscal 2018 and $ 35.8 million in fiscal 2017 .", "non-qualified deferred compensation plan the deferred compensation plan ( dcp ) allows certain members of management and other highly-compensated employees and non-employee directors to defer receipt of all or any portion of their compensation .", "the dcp was established to provide participants with the opportunity to defer receiving all or a portion of their compensation , which includes salary , bonus , commissions and director fees .", "under the dcp , the company provides all participants ( other than non-employee directors ) with company contributions equal to 8% ( 8 % ) of eligible deferred contributions .", "the dcp is a non-qualified plan that is maintained in a rabbi trust .", "the fair value of the investments held in the rabbi trust are presented separately as deferred compensation plan investments , with the current portion of the investment included in prepaid expenses and other current assets in the consolidated balance sheets .", "see note 2j , fair value , for further information on these investments .", "the deferred compensation obligation represents dcp participant accumulated deferrals and earnings thereon since the inception of the dcp net of withdrawals .", "the deferred compensation obligation is presented separately as deferred compensation plan liability , with the current portion of the obligation in accrued liabilities in the consolidated balance sheets .", "the company 2019s liability under the dcp is an unsecured general obligation of the company .", "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "Fiscal Years", "Operating Leases" ], [ "2020", "$79,789" ], [ "2021", "67,993" ], [ "2022", "40,338" ], [ "2023", "37,673" ], [ "2024", "32,757" ], [ "Later Years", "190,171" ], [ "Total", "$448,721" ] ]

[ [ "fiscal years", "operating leases" ], [ "2020", "$ 79789" ], [ "2021", "67993" ], [ "2022", "40338" ], [ "2023", "37673" ], [ "2024", "32757" ], [ "later years", "190171" ], [ "total", "$ 448721" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no .", "148 .", "in accordance with apb no .", "25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .", "the company 2019s stock option plans are more fully described in note 14 .", "in december 2004 , the fasb issued sfas no .", "123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .", "during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .", "as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .", "107 , 201dshare-based payment 201d ( sab no .", "107 ) .", "the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .", "( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .", "management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .", "for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .", "( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .", "123 ( as amended ) 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 ) : ." ]

[ "the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .", "in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .", "such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .", "recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .", "25 , and amends sfas no .", "95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .", "under the new standard ." ]

[ [ "", "2005", "2004", "2003" ], [ "Net loss as reported", "$(171,590)", "$(247,587)", "$(325,321)" ], [ "Add: Stock-based employee compensation expense, net of related tax effect, included in net loss as reported", "7,104", "2,297", "2,077" ], [ "Less: Total stock-based employee compensation expense determined under fair value based method for all awards, net of related taxeffect", "(22,238)", "(23,906)", "(31,156)" ], [ "Pro-forma net loss", "$(186,724)", "$(269,196)", "$(354,400)" ], [ "Basic and diluted net loss per share as reported", "$(0.57)", "$(1.10)", "$(1.56)" ], [ "Basic and diluted net loss per share pro-forma", "$(0.62)", "$(1.20)", "$(1.70)" ] ]

[ [ "", "2005", "2004", "2003" ], [ "net loss as reported", "$ -171590 ( 171590 )", "$ -247587 ( 247587 )", "$ -325321 ( 325321 )" ], [ "add : stock-based employee compensation expense net of related tax effect included in net loss as reported", "7104", "2297", "2077" ], [ "less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect", "-22238 ( 22238 )", "-23906 ( 23906 )", "-31156 ( 31156 )" ], [ "pro-forma net loss", "$ -186724 ( 186724 )", "$ -269196 ( 269196 )", "$ -354400 ( 354400 )" ], [ "basic and diluted net loss per share as reported", "$ -0.57 ( 0.57 )", "$ -1.10 ( 1.10 )", "$ -1.56 ( 1.56 )" ], [ "basic and diluted net loss per share pro-forma", "$ -0.62 ( 0.62 )", "$ -1.20 ( 1.20 )", "$ -1.70 ( 1.70 )" ] ]

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[ "item 1b .", "unresolved staff comments item 2 .", "properties the table below provides a summary of our containerboard mills , the principal products produced and each mill 2019s year-end 2011 annual practical maximum capacity based upon all of our paper machines 2019 production capabilities , as reported to the af&pa : location function capacity ( tons ) counce , tn .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "kraft linerboard mill 1043000 valdosta , ga .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "kraft linerboard mill 556000 tomahawk , wi .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "semi-chemical medium mill 538000 filer city , mi .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "semi-chemical medium mill 438000 ." ]

[ "we currently own our four containerboard mills and 44 of our corrugated manufacturing operations ( 37 corrugated plants and seven sheet plants ) .", "we also own one warehouse and miscellaneous other property , which includes sales offices and woodlands management offices .", "these sales offices and woodlands management offices generally have one to four employees and serve as administrative offices .", "pca leases the space for four corrugated plants , 23 sheet plants , six regional design centers , and numerous other distribution centers , warehouses and facilities .", "the equipment in these leased facilities is , in virtually all cases , owned by pca , except for forklifts and other rolling stock which are generally leased .", "we lease the cutting rights to approximately 88000 acres of timberland located near our valdosta mill ( 77000 acres ) and our counce mill ( 11000 acres ) .", "on average , these cutting rights agreements have terms with approximately 12 years remaining .", "our corporate headquarters is located in lake forest , illinois .", "the headquarters facility is leased for the next ten years with provisions for two additional five year lease extensions .", "item 3 .", "legal proceedings during september and october 2010 , pca and eight other u.s .", "and canadian containerboard producers were named as defendants in five purported class action lawsuits filed in the united states district court for the northern district of illinois , alleging violations of the sherman act .", "the lawsuits have been consolidated in a single complaint under the caption kleen products llc v packaging corp .", "of america et al .", "the consolidated complaint alleges that the defendants conspired to limit the supply of containerboard , and that the purpose and effect of the alleged conspiracy was to artificially increase prices of containerboard products during the period from august 2005 to the time of filing of the complaints .", "the complaint was filed as a purported class action suit on behalf of all purchasers of containerboard products during such period .", "the complaint seeks treble damages and costs , including attorney 2019s fees .", "the defendants 2019 motions to dismiss the complaint were denied by the court in april 2011 .", "pca believes the allegations are without merit and will defend this lawsuit vigorously .", "however , as the lawsuit is in the early stages of discovery , pca is unable to predict the ultimate outcome or estimate a range of reasonably possible losses .", "pca is a party to various other legal actions arising in the ordinary course of our business .", "these legal actions cover a broad variety of claims spanning our entire business .", "as of the date of this filing , we believe it is not reasonably possible that the resolution of these legal actions will , individually or in the aggregate , have a material adverse effect on our financial condition , results of operations or cash flows. ." ]

[ [ "Location", "Function Kraft linerboard mill Kraft linerboard mill Semi-chemical medium mill Semi-chemical medium mill", "Capacity (tons) 1,043,000 556,000 538,000 438,000" ], [ "Counce, TN", "Valdosta, GA", "Tomahawk, WI" ], [ "Filer City, MI" ], [ "Total", "", "2,575,000" ] ]

[ [ "location", "function kraft linerboard mill kraft linerboard mill semi-chemical medium mill semi-chemical medium mill", "capacity ( tons ) 1043000 556000 538000 438000" ], [ "counce tn", "valdosta ga", "tomahawk wi" ], [ "filer city mi", "filer city mi", "filer city mi" ], [ "total", "", "2575000" ] ]

[]

[ "devon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following methods and assumptions were used to estimate the fair values in the tables above .", "fixed-income securities 2014 devon 2019s fixed-income securities consist of u.s .", "treasury obligations , bonds issued by investment-grade companies from diverse industries , and asset-backed securities .", "these fixed-income securities are actively traded securities that can be redeemed upon demand .", "the fair values of these level 1 securities are based upon quoted market prices .", "devon 2019s fixed income securities also include commingled funds that primarily invest in long-term bonds and u.s .", "treasury securities .", "these fixed income securities can be redeemed on demand but are not actively traded .", "the fair values of these level 2 securities are based upon the net asset values provided by the investment managers .", "equity securities 2014 devon 2019s equity securities include a commingled global equity fund that invests in large , mid and small capitalization stocks across the world 2019s developed and emerging markets .", "these equity securities can be redeemed on demand but are not actively traded .", "the fair values of these level 2 securities are based upon the net asset values provided by the investment managers .", "at december 31 , 2010 , devon 2019s equity securities consisted of investments in u.s .", "large and small capitalization companies and international large capitalization companies .", "these equity securities were actively traded securities that could be redeemed upon demand .", "the fair values of these level 1 securities are based upon quoted market prices .", "at december 31 , 2010 , devon 2019s equity securities also included a commingled fund that invested in large capitalization companies .", "these equity securities could be redeemed on demand but were not actively traded .", "the fair values of these level 2 securities are based upon the net asset values provided by the investment managers .", "other securities 2014 devon 2019s other securities include commingled , short-term investment funds .", "these securities can be redeemed on demand but are not actively traded .", "the fair values of these level 2 securities are based upon the net asset values provided by investment managers .", "devon 2019s hedge fund and alternative investments include an investment in an actively traded global mutual fund that focuses on alternative investment strategies and a hedge fund of funds that invests both long and short using a variety of investment strategies .", "devon 2019s hedge fund of funds is not actively traded and devon is subject to redemption restrictions with regards to this investment .", "the fair value of this level 3 investment represents the fair value as determined by the hedge fund manager .", "included below is a summary of the changes in devon 2019s level 3 plan assets ( in millions ) . ." ]

[ "." ]

[ [ "December 31, 2009", "$51" ], [ "Purchases", "3" ], [ "Investment returns", "4" ], [ "December 31, 2010", "58" ], [ "Purchases", "33" ], [ "Investment returns", "(1)" ], [ "December 31, 2011", "$90" ] ]

[ [ "december 31 2009", "$ 51" ], [ "purchases", "3" ], [ "investment returns", "4" ], [ "december 31 2010", "58" ], [ "purchases", "33" ], [ "investment returns", "-1 ( 1 )" ], [ "december 31 2011", "$ 90" ] ]

[ { "arg1": "58", "arg2": "51", "op": "minus1-1", "res": "7" }, { "arg1": "#0", "arg2": "51", "op": "divide1-2", "res": "13.7%" } ]

[ "recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees .", "2022 professional fees and outside services expense decreased in 2017 compared to 2016 , largely due to higher legal and regulatory fees in 2016 related to our business activities and product offerings as well as higher professional fees related to a greater reliance on consultants for security and systems enhancement work .", "the overall decrease in operating expenses in 2017 when compared with 2016 was partially offset by the following increases : 2022 licensing and other fee sharing agreements expense increased due to higher expense resulting from incentive payments made to facilitate the transition of the russell contract open interest , as well as increased costs of revenue sharing agreements for certain licensed products .", "the overall increase in 2017 was partially offset by lower expense related to revenue sharing agreements for certain equity and energy contracts due to lower volume for these products compared to 2016 .", "2022 compensation and benefits expense increased as a result of higher average headcount primarily in our international locations as well as normal cost of living adjustments .", "2016 compared with 2015 operating expenses increased by $ 54.4 million in 2016 when compared with 2015 .", "the following table shows the estimated impact of key factors resulting in the net decrease in operating expenses .", "( dollars in millions ) over-year change change as a percentage of 2015 expenses ." ]

[ "overall operating expenses increased in 2016 when compared with 2015 due to the following reasons : 2022 in 2016 , we recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees as a result of our sale and leaseback of our datacenter .", "2022 professional fees and outside services expense increased in 2016 largely due to an increase in legal and regulatory efforts related to our business activities and product offerings as well as an increase in professional fees related to a greater reliance on consultants for security and systems enhancement work .", "2022 in 2016 , we recognized a net loss of $ 24.5 million due to an unfavorable change in exchange rates on foreign cash balances , compared with a net loss of $ 11.3 million in 2015 .", "2022 licensing and other fee sharing agreements expense increased due to higher expense related to revenue sharing agreements for certain equity and energy contracts due to both higher volume and an increase in license rates for certain equity and energy products. ." ]

[ [ "(dollars in millions)", "Year-Over-YearChange", "Change as aPercentage of2015 Expenses" ], [ "Loss on datacenter and related legal fees", "$28.6", "2%" ], [ "Professional fees and outside services", "24.4", "2" ], [ "Foreign currency exchange rate fluctuation", "13.2", "1" ], [ "Licensing and other fee agreements", "12.0", "1" ], [ "Reorganization, severance and retirement costs", "(8.1)", "(1)" ], [ "Real estate taxes and fees", "(10.0)", "(1)" ], [ "Other expenses, net", "(5.7)", "—" ], [ "Total", "$54.4", "4%" ] ]

[ [ "( dollars in millions )", "year-over-yearchange", "change as apercentage of2015 expenses" ], [ "loss on datacenter and related legal fees", "$ 28.6", "2% ( 2 % )" ], [ "professional fees and outside services", "24.4", "2" ], [ "foreign currency exchange rate fluctuation", "13.2", "1" ], [ "licensing and other fee agreements", "12.0", "1" ], [ "reorganization severance and retirement costs", "-8.1 ( 8.1 )", "-1 ( 1 )" ], [ "real estate taxes and fees", "-10.0 ( 10.0 )", "-1 ( 1 )" ], [ "other expenses net", "-5.7 ( 5.7 )", "2014" ], [ "total", "$ 54.4", "4% ( 4 % )" ] ]

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[ "from those currently anticipated and expressed in such forward-looking statements as a result of a number of factors , including those we discuss under 201crisk factors 201d and elsewhere in this form 10-k .", "you should read 201crisk factors 201d and 201cforward-looking statements . 201d executive overview general american water works company , inc .", "( herein referred to as 201camerican water 201d or the 201ccompany 201d ) is the largest investor-owned united states water and wastewater utility company , as measured both by operating revenues and population served .", "our approximately 6400 employees provide drinking water , wastewater and other water related services to an estimated 15 million people in 47 states and in one canadian province .", "our primary business involves the ownership of water and wastewater utilities that provide water and wastewater services to residential , commercial , industrial and other customers .", "our regulated businesses that provide these services are generally subject to economic regulation by state regulatory agencies in the states in which they operate .", "the federal government and the states also regulate environmental , health and safety and water quality matters .", "our regulated businesses provide services in 16 states and serve approximately 3.2 million customers based on the number of active service connections to our water and wastewater networks .", "we report the results of these businesses in our regulated businesses segment .", "we also provide services that are not subject to economic regulation by state regulatory agencies .", "we report the results of these businesses in our market-based operations segment .", "in 2014 , we continued the execution of our strategic goals .", "our commitment to growth through investment in our regulated infrastructure and expansion of our regulated customer base and our market-based operations , combined with operational excellence led to continued improvement in regulated operating efficiency , improved performance of our market-based operations , and enabled us to provide increased value to our customers and investors .", "during the year , we focused on growth , addressed regulatory lag , made more efficient use of capital and improved our regulated operation and maintenance ( 201co&m 201d ) efficiency ratio .", "2014 financial results for the year ended december 31 , 2014 , we continued to increase net income , while making significant capital investment in our infrastructure and implementing operational efficiency improvements to keep customer rates affordable .", "highlights of our 2014 operating results compared to 2013 and 2012 include: ." ]

[ "continuing operations income from continuing operations included 4 cents per diluted share of costs resulting from the freedom industries chemical spill in west virginia in 2014 and included 14 cents per diluted share in 2013 related to a tender offer .", "earnings from continuing operations , adjusted for these two items , increased 10% ( 10 % ) , or 22 cents per share , mainly due to favorable operating results from our regulated businesses segment due to higher revenues and lower operating expenses , partially offset by higher depreciation expenses .", "also contributing to the overall increase in income from continuing operations was lower interest expense in 2014 compared to the same period in 2013. ." ]

[ [ "", "2014", "2013", "2012" ], [ "Income from continuing operations", "$2.39", "$2.07", "$2.10" ], [ "Income (loss) from discontinued operations, net of tax", "$(0.04)", "$(0.01)", "$(0.09)" ], [ "Diluted earnings per share", "$2.35", "$2.06", "$2.01" ] ]

[ [ "", "2014", "2013", "2012" ], [ "income from continuing operations", "$ 2.39", "$ 2.07", "$ 2.10" ], [ "income ( loss ) from discontinued operations net of tax", "$ -0.04 ( 0.04 )", "$ -0.01 ( 0.01 )", "$ -0.09 ( 0.09 )" ], [ "diluted earnings per share", "$ 2.35", "$ 2.06", "$ 2.01" ] ]

[ { "arg1": "2.35", "arg2": "2.01", "op": "minus2-1", "res": "0.34" }, { "arg1": "#0", "arg2": "2.01", "op": "divide2-2", "res": "16.9%" } ]

[ "j.p .", "morgan chase & co .", "/ 2003 annual report 33 corporate credit allocation in 2003 , tss was assigned a corporate credit allocation of pre- tax earnings and the associated capital related to certain credit exposures managed within ib 2019s credit portfolio on behalf of clients shared with tss .", "prior periods have been revised to reflect this allocation .", "for 2003 , the impact to tss of this change increased pre-tax operating results by $ 36 million and average allocated capital by $ 712 million , and it decreased sva by $ 65 million .", "pre-tax operating results were $ 46 million lower than in 2002 , reflecting lower loan volumes and higher related expenses , slightly offset by a decrease in credit costs .", "business outlook tss revenue in 2004 is expected to benefit from improved global equity markets and from two recent acquisitions : the november 2003 acquisition of the bank one corporate trust portfolio , and the january 2004 acquisition of citigroup 2019s electronic funds services business .", "tss also expects higher costs as it integrates these acquisitions and continues strategic investments to sup- port business expansion .", "by client segment tss dimensions of 2003 revenue diversification by business revenue by geographic region investor services 36% ( 36 % ) other 1% ( 1 % ) institutional trust services 23% ( 23 % ) treasury services 40% ( 40 % ) large corporations 21% ( 21 % ) middle market 18% ( 18 % ) banks 11% ( 11 % ) nonbank financial institutions 44% ( 44 % ) public sector/governments 6% ( 6 % ) europe , middle east & africa 27% ( 27 % ) asia/pacific 9% ( 9 % ) the americas 64% ( 64 % ) ( a ) includes the elimination of revenue related to shared activities with chase middle market in the amount of $ 347 million .", "year ended december 31 , operating revenue ." ]

[ "( a ) includes a portion of the $ 41 million gain on sale of a nonstrategic business in 2003 : $ 1 million in institutional trust services and $ 40 million in other .", "( b ) includes the elimination of revenues related to shared activities with chase middle market , and a $ 50 million gain on sale of a non-u.s .", "securities clearing firm in 2002. ." ]

[ [ "Year ended December 31,", "Operating Revenue" ], [ "(in millions)", "2003", "2002", "Change" ], [ "Treasury Services", "$1,927", "$1,818", "6%" ], [ "Investor Services", "1,449", "1,513", "(4)" ], [ "Institutional Trust Services^(a)", "928", "864", "7" ], [ "Other^(a)(b)", "(312)", "(303)", "(3)" ], [ "Total Treasury & Securities Services", "$3,992", "$3,892", "3%" ] ]

[ [ "year ended december 31 , ( in millions )", "year ended december 31 , 2003", "year ended december 31 , 2002", "change" ], [ "treasury services", "$ 1927", "$ 1818", "6% ( 6 % )" ], [ "investor services", "1449", "1513", "-4 ( 4 )" ], [ "institutional trust services ( a )", "928", "864", "7" ], [ "other ( a ) ( b )", "-312 ( 312 )", "-303 ( 303 )", "-3 ( 3 )" ], [ "total treasury & securities services", "$ 3992", "$ 3892", "3% ( 3 % )" ] ]

[]

[ "unallocated corporate items for fiscal 2018 , 2017 and 2016 included: ." ]

[ "net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ 32.1 $ 13.9 $ 62.8 as of may 27 , 2018 , the net notional value of commodity derivatives was $ 238.8 million , of which $ 147.9 million related to agricultural inputs and $ 90.9 million related to energy inputs .", "these contracts relate to inputs that generally will be utilized within the next 12 months .", "interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt .", "primary exposures include u.s .", "treasury rates , libor , euribor , and commercial paper rates in the united states and europe .", "we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions .", "generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount .", "floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt .", "effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt .", "effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt .", "ineffective gains and losses are recorded as net interest .", "the amount of hedge ineffectiveness was a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 and 2016 .", "fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using incremental borrowing rates currently available on loans with similar terms and maturities .", "ineffective gains and losses on these derivatives and the underlying hedged items are recorded as net interest .", "the amount of hedge ineffectiveness was a $ 3.4 million loss in fiscal 2018 , a $ 4.3 million gain in fiscal 2017 , and less than $ 1 million in fiscal 2016 .", "in advance of planned debt financing related to the acquisition of blue buffalo , we entered into $ 3800.0 million of treasury locks due april 19 , 2018 , with an average fixed rate of 2.9 percent , of which $ 2300.0 million were entered into in the third quarter of fiscal 2018 and $ 1500.0 million were entered into in the fourth quarter of fiscal 2018 .", "all of these treasury locks were cash settled for $ 43.9 million during the fourth quarter of fiscal 2018 , concurrent with the issuance of our $ 850.0 million 5.5-year fixed-rate notes , $ 800.0 million 7-year fixed- rate notes , $ 1400.0 million 10-year fixed-rate notes , $ 500.0 million 20-year fixed-rate notes , and $ 650.0 million 30-year fixed-rate notes .", "in advance of planned debt financing , in fiscal 2018 , we entered into $ 500.0 million of treasury locks due october 15 , 2017 with an average fixed rate of 1.8 percent .", "all of these treasury locks were cash settled for $ 3.7 million during the second quarter of fiscal 2018 , concurrent with the issuance of our $ 500.0 million 5-year fixed-rate notes. ." ]

[ [ "", "Fiscal Year" ], [ "In Millions", "2018", "2017", "2016" ], [ "Net gain (loss) onmark-to-marketvaluation of commodity positions", "$14.3", "$(22.0)", "$(69.1)" ], [ "Net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit", "11.3", "32.0", "127.9" ], [ "Netmark-to-marketrevaluation of certain grain inventories", "6.5", "3.9", "4.0" ], [ "Netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items", "$32.1", "$13.9", "$62.8" ] ]

[ [ "in millions", "fiscal year 2018", "fiscal year 2017", "fiscal year 2016" ], [ "net gain ( loss ) onmark-to-marketvaluation of commodity positions", "$ 14.3", "$ -22.0 ( 22.0 )", "$ -69.1 ( 69.1 )" ], [ "net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit", "11.3", "32.0", "127.9" ], [ "netmark-to-marketrevaluation of certain grain inventories", "6.5", "3.9", "4.0" ], [ "netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items", "$ 32.1", "$ 13.9", "$ 62.8" ] ]

[]

[ "note 9 : stock based compensation the company has granted stock option and restricted stock unit ( 201crsus 201d ) awards 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 ) .", "the total aggregate number of shares of common stock that may be issued under the 2007 plan is 15.5 .", "as of december 31 , 2015 , 8.4 shares were available for grant under the 2007 plan .", "shares issued under the 2007 plan may be authorized-but-unissued shares of company stock or reacquired shares of company stock , including shares purchased by the company on the open market .", "the company recognizes compensation expense for stock awards over the vesting period of the award .", "the following table presents stock-based compensation expense recorded in operation and maintenance expense in the accompanying consolidated statements of operations for the years ended december 31: ." ]

[ "there were no significant stock-based compensation costs capitalized during the years ended december 31 , 2015 , 2014 and 2013 .", "the cost of services received from employees in exchange for the issuance of stock options and restricted stock awards is measured based on the grant date fair value of the awards issued .", "the value of stock options and rsus awards at the date of the grant is amortized through expense over the three-year service period .", "all awards granted in 2015 , 2014 and 2013 are classified as equity .", "the company receives a tax deduction based on the intrinsic value of the award at the exercise date for stock options and the distribution date for rsus .", "for each award , throughout the requisite service period , the company recognizes the tax benefits , which have been included in deferred income tax assets , related to compensation costs .", "the tax deductions in excess of the benefits recorded throughout the requisite service period are recorded to common stockholders 2019 equity or the statement of operations and are presented in the financing section of the consolidated statements of cash flows .", "the company stratified its grant populations and used historic employee turnover rates to estimate employee forfeitures .", "the estimated rate is compared to the actual forfeitures at the end of the reporting period and adjusted as necessary .", "stock options in 2015 , 2014 and 2013 , the company granted non-qualified stock options to certain employees under the 2007 plan .", "the stock options vest ratably over the three-year service period beginning on january 1 of the year of the grant .", "these awards have no performance vesting conditions and the grant date fair value is amortized through expense over the requisite service period using the straight-line method and is included in operations and maintenance expense in the accompanying consolidated statements of operations. ." ]

[ [ "", "2015", "2014", "2013" ], [ "Stock options", "$2", "$2", "$3" ], [ "RSUs", "8", "10", "9" ], [ "ESPP", "1", "1", "1" ], [ "Stock-based compensation", "11", "13", "13" ], [ "Income tax benefit", "(4)", "(5)", "(5)" ], [ "Stock-based compensation expense, net of tax", "$7", "$8", "$8" ] ]

[ [ "", "2015", "2014", "2013" ], [ "stock options", "$ 2", "$ 2", "$ 3" ], [ "rsus", "8", "10", "9" ], [ "espp", "1", "1", "1" ], [ "stock-based compensation", "11", "13", "13" ], [ "income tax benefit", "-4 ( 4 )", "-5 ( 5 )", "-5 ( 5 )" ], [ "stock-based compensation expense net of tax", "$ 7", "$ 8", "$ 8" ] ]

[]

[ "royal caribbean cruises ltd .", "79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .", "this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .", "during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .", "the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .", "based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .", "no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .", "we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .", "we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .", "we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .", "the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .", "signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .", "the discounted cash flow model used our 2015 pro- jected operating results as a base .", "to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .", "we assigned a probability to each revenue and expense scenario .", "we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .", "based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .", "pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .", "the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .", "we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .", "further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .", "if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .", "of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .", "if the transfers do not occur , we will likely fail step one of the impairment test .", "note 4 .", "intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : ." ]

[ "during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .", "the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .", "we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .", "based on the results of our testing , we did not ." ]

[ [ "", "2014", "2013" ], [ "Indefinite-life intangible asset—Pullmantur trademarks and trade names", "$214,112", "$204,866" ], [ "Foreign currency translation adjustment", "(26,074)", "9,246" ], [ "Total", "$188,038", "$214,112" ] ]

[ [ "", "2014", "2013" ], [ "indefinite-life intangible asset 2014pullmantur trademarks and trade names", "$ 214112", "$ 204866" ], [ "foreign currency translation adjustment", "-26074 ( 26074 )", "9246" ], [ "total", "$ 188038", "$ 214112" ] ]

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

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

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

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

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[ "adobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2014 and 2013 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : ." ]

[ "as of november 28 , 2014 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 14.6 million .", "we file income tax returns in the u.s .", "on a federal basis and in many u.s .", "state and foreign jurisdictions .", "we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .", "our major tax jurisdictions are ireland , california and the u.s .", "for ireland , california and the u.s. , the earliest fiscal years open for examination are 2008 , 2008 and 2010 , respectively .", "we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations .", "we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .", "in july 2013 , a u.s .", "income tax examination covering fiscal 2008 and 2009 was completed .", "our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable .", "we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 .", "the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .", "these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities .", "we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both .", "given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million .", "note 10 .", "restructuring fiscal 2014 restructuring plan in the fourth quarter of fiscal 2014 , in order to better align our global resources for digital media and digital marketing , we initiated a restructuring plan to vacate our research and development facility in china and our sales and marketing facility in russia .", "this plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $ 18.8 million related to ongoing termination benefits for the positions eliminated .", "during fiscal 2015 , we intend to vacate both of these facilities .", "the amount accrued for the fair value of future contractual obligations under these operating leases was insignificant .", "other restructuring plans during the past several years , we have implemented other restructuring plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies .", "as of november 28 , 2014 , we considered our other restructuring plans to be substantially complete .", "we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant. ." ]

[ [ "", "2014", "2013" ], [ "Beginning balance", "$136,098", "$160,468" ], [ "Gross increases in unrecognized tax benefits – prior year tax positions", "144", "20,244" ], [ "Gross increases in unrecognized tax benefits – current year tax positions", "18,877", "16,777" ], [ "Settlements with taxing authorities", "(995)", "(55,851)" ], [ "Lapse of statute of limitations", "(1,630)", "(4,066)" ], [ "Foreign exchange gains and losses", "(3,646)", "(1,474)" ], [ "Ending balance", "$148,848", "$136,098" ] ]

[ [ "", "2014", "2013" ], [ "beginning balance", "$ 136098", "$ 160468" ], [ "gross increases in unrecognized tax benefits 2013 prior year tax positions", "144", "20244" ], [ "gross increases in unrecognized tax benefits 2013 current year tax positions", "18877", "16777" ], [ "settlements with taxing authorities", "-995 ( 995 )", "-55851 ( 55851 )" ], [ "lapse of statute of limitations", "-1630 ( 1630 )", "-4066 ( 4066 )" ], [ "foreign exchange gains and losses", "-3646 ( 3646 )", "-1474 ( 1474 )" ], [ "ending balance", "$ 148848", "$ 136098" ] ]

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[ "assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .", "amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .", "12 .", "accounts payable and other current liabilities dec .", "31 , dec .", "31 , millions 2010 2009 ." ]

[ "13 .", "financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices .", "we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes .", "derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period .", "we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .", "changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings .", "we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements .", "market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item .", "we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements .", "at december 31 , 2010 and 2009 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities .", "determination of fair value 2013 we determine the fair values of our derivative financial instrument positions based upon current fair values as quoted by recognized dealers or the present value of expected future cash flows .", "interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period .", "we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings .", "we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix .", "in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities .", "swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates .", "we account for swaps as fair value hedges using the short-cut method ; therefore , we do not record any ineffectiveness within our consolidated financial statements. ." ]

[ [ "<i>Millions</i>", "<i>Dec. 31, 2010</i>", "<i>Dec. 31, 2009</i>" ], [ "Accounts payable", "$ 677", "$ 612" ], [ "Dividends and interest", "383", "347" ], [ "Accrued wages and vacation", "357", "339" ], [ "Income and other taxes", "337", "224" ], [ "Accrued casualty costs", "325", "379" ], [ "Equipment rents payable", "86", "89" ], [ "Other", "548", "480" ], [ "Total accounts payable and other currentliabilities", "$ 2,713", "$ 2,470" ] ]

[ [ "millions", "dec . 31 2010", "dec . 31 2009" ], [ "accounts payable", "$ 677", "$ 612" ], [ "dividends and interest", "383", "347" ], [ "accrued wages and vacation", "357", "339" ], [ "income and other taxes", "337", "224" ], [ "accrued casualty costs", "325", "379" ], [ "equipment rents payable", "86", "89" ], [ "other", "548", "480" ], [ "total accounts payable and other currentliabilities", "$ 2713", "$ 2470" ] ]

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[ "n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31 , 2008 , 2007 , and number of options weighted average exercise price ." ]

[ "the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31 , 2008 .", "the total intrinsic value was approximately $ 66 million for stock options out- standing and $ 81 million for stock options exercisable at december 31 , 2008 .", "the weighted-average fair value for the stock options granted for the year ended december 31 , 2008 was $ 17.60 .", "the total intrinsic value for stock options exercised dur- ing the years ended december 31 , 2008 , 2007 , and 2006 , was approximately $ 54 million , $ 44 million , and $ 43 million , respectively .", "the amount of cash received during the year ended december 31 , 2008 , from the exercise of stock options was $ 97 million .", "restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock .", "the company generally grants restricted stock with a 4-year vesting period , based on a graded vesting schedule .", "the restricted stock is granted at market close price on the date of grant .", "included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. ." ]

[ [ "", "Number of Options", "WeightedAverageExercise Price" ], [ "Options outstanding, December 31, 2005", "12,643,761", "$36.53" ], [ "Granted", "1,505,215", "$56.29" ], [ "Exercised", "(1,982,560)", "$33.69" ], [ "Forfeited", "(413,895)", "$39.71" ], [ "Options outstanding, December 31, 2006", "11,752,521", "$39.43" ], [ "Granted", "1,549,091", "$56.17" ], [ "Exercised", "(1,830,004)", "$35.73" ], [ "Forfeited", "(200,793)", "$51.66" ], [ "Options outstanding, December 31, 2007", "11,270,815", "$42.12" ], [ "Granted", "1,612,507", "$60.17" ], [ "Exercised", "(2,650,733)", "$36.25" ], [ "Forfeited", "(309,026)", "$54.31" ], [ "Options outstanding, December 31, 2008", "9,923,563", "$46.24" ] ]

[ [ "", "number of options", "weightedaverageexercise price" ], [ "options outstanding december 31 2005", "12643761", "$ 36.53" ], [ "granted", "1505215", "$ 56.29" ], [ "exercised", "-1982560 ( 1982560 )", "$ 33.69" ], [ "forfeited", "-413895 ( 413895 )", "$ 39.71" ], [ "options outstanding december 31 2006", "11752521", "$ 39.43" ], [ "granted", "1549091", "$ 56.17" ], [ "exercised", "-1830004 ( 1830004 )", "$ 35.73" ], [ "forfeited", "-200793 ( 200793 )", "$ 51.66" ], [ "options outstanding december 31 2007", "11270815", "$ 42.12" ], [ "granted", "1612507", "$ 60.17" ], [ "exercised", "-2650733 ( 2650733 )", "$ 36.25" ], [ "forfeited", "-309026 ( 309026 )", "$ 54.31" ], [ "options outstanding december 31 2008", "9923563", "$ 46.24" ] ]

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[ "available information .", "the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) .", "item 1a .", "risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities .", "if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly .", "risks relating to our business fluctuations in the financial markets could result in investment losses .", "prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio .", "although financial markets have significantly improved since 2008 , they could deteriorate in the future .", "there could also be disruption in individual market sectors , such as occurred in the energy sector during the fourth quarter of 2014 .", "such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings .", "our results could be adversely affected by catastrophic events .", "we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism .", "any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations .", "subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes .", "prior to april 1 , 2010 , we used a threshold of $ 5.0 million .", "by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: ." ]

[ "our losses from future catastrophic events could exceed our projections .", "we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool .", "we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area .", "these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. ." ]

[ [ "Calendar year:", "Pre-tax catastrophe losses" ], [ "(Dollars in millions)", "" ], [ "2014", "$62.2" ], [ "2013", "195.0" ], [ "2012", "410.0" ], [ "2011", "1,300.4" ], [ "2010", "571.1" ] ]

[ [ "calendar year:", "pre-tax catastrophe losses" ], [ "( dollars in millions )", "" ], [ "2014", "$ 62.2" ], [ "2013", "195.0" ], [ "2012", "410.0" ], [ "2011", "1300.4" ], [ "2010", "571.1" ] ]

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

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

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

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

[]

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

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

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

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

[ { "arg1": "183.29", "arg2": "const_100", "op": "minus2-1", "res": "83.29%" }, { "arg1": "216.39", "arg2": "const_100", "op": "minus2-2", "res": "116.39%" }, { "arg1": "#1", "arg2": "#0", "op": "minus2-3", "res": "33.1%" } ]

[ "the following table details the growth in global weighted average berths and the global , north american , european and asia/pacific cruise guests over the past five years ( in thousands , except berth data ) : weighted- average supply of berths marketed globally ( 1 ) caribbean cruises ltd .", "total berths ( 2 ) global cruise guests ( 1 ) american cruise guests ( 1 ) ( 3 ) european cruise guests ( 1 ) ( 4 ) asia/pacific cruise guests ( 1 ) ( 5 ) ." ]

[ "_______________________________________________________________________________ ( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a combination of data that we obtain from various publicly available cruise industry trade information sources .", "we use data obtained from seatrade insider , cruise industry news and company press releases to estimate weighted-average supply of berths and clia and g.p .", "wild to estimate cruise guest information .", "in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .", "( 2 ) total berths include our berths related to our global brands and partner brands .", "( 3 ) our estimates include the united states and canada .", "( 4 ) our estimates include european countries relevant to the industry ( e.g. , nordics , germany , france , italy , spain and the united kingdom ) .", "( 5 ) our estimates include the southeast asia ( e.g. , singapore , thailand and the philippines ) , east asia ( e.g. , china and japan ) , south asia ( e.g. , india and pakistan ) and oceanian ( e.g. , australia and fiji islands ) regions .", "north america the majority of industry cruise guests are sourced from north america , which represented approximately 52% ( 52 % ) of global cruise guests in 2016 .", "the compound annual growth rate in cruise guests sourced from this market was approximately 2% ( 2 % ) from 2012 to 2016 .", "europe industry cruise guests sourced from europe represented approximately 27% ( 27 % ) of global cruise guests in 2016 .", "the compound annual growth rate in cruise guests sourced from this market was approximately 1% ( 1 % ) from 2012 to 2016 .", "asia/pacific industry cruise guests sourced from the asia/pacific region represented approximately 15% ( 15 % ) of global cruise guests in 2016 .", "the compound annual growth rate in cruise guests sourced from this market was approximately 25% ( 25 % ) from 2012 to 2016 .", "the asia/pacific region is experiencing the highest growth rate of the major regions , although it will continue to represent a relatively small sector compared to north america .", "competition we compete with a number of cruise lines .", "our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise line , costa cruises , cunard line , holland america line , p&o cruises , princess cruises and seabourn ; disney cruise line ; msc cruises ; and norwegian cruise line holdings ltd , which owns norwegian cruise line , oceania cruises and regent seven seas cruises .", "cruise lines compete with ." ]

[ [ "Year", "Weighted-AverageSupply ofBerthsMarketedGlobally⁽¹⁾", "Royal Caribbean Cruises Ltd. Total Berths⁽²⁾", "GlobalCruiseGuests⁽¹⁾", "North American Cruise Guests⁽¹⁾⁽³⁾", "European Cruise Guests⁽¹⁾⁽⁴⁾", "Asia/Pacific Cruise Guests⁽¹⁾⁽⁵⁾" ], [ "2012", "425,000", "98,650", "20,813", "11,641", "6,225", "1,474" ], [ "2013", "432,000", "98,750", "21,343", "11,710", "6,430", "2,045" ], [ "2014", "448,000", "105,750", "22,039", "12,269", "6,387", "2,382" ], [ "2015", "469,000", "112,700", "23,000", "12,004", "6,587", "3,129" ], [ "2016", "493,000", "123,270", "24,000", "12,581", "6,542", "3,636" ] ]

[ [ "year", "weighted-averagesupply ofberthsmarketedglobally ( 1 )", "royal caribbean cruises ltd . total berths ( 2 )", "globalcruiseguests ( 1 )", "north american cruise guests ( 1 ) ( 3 )", "european cruise guests ( 1 ) ( 4 )", "asia/pacific cruise guests ( 1 ) ( 5 )" ], [ "2012", "425000", "98650", "20813", "11641", "6225", "1474" ], [ "2013", "432000", "98750", "21343", "11710", "6430", "2045" ], [ "2014", "448000", "105750", "22039", "12269", "6387", "2382" ], [ "2015", "469000", "112700", "23000", "12004", "6587", "3129" ], [ "2016", "493000", "123270", "24000", "12581", "6542", "3636" ] ]

[ { "arg1": "24000", "arg2": "6542", "op": "minus1-1", "res": "17458" }, { "arg1": "#0", "arg2": "24000", "op": "divide1-2", "res": "0.7274" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply1-3", "res": "72.74" } ]

[ "air mobility sales declined by $ 535 million primarily due to c-130j deliveries ( 12 in 2006 compared to 15 in 2005 ) and lower volume on the c-5 program .", "combat aircraft sales increased by $ 292 million mainly due to higher f-35 and f-22 volume , partially offset by reduced volume on f-16 programs .", "other aeronautics programs sales increased by $ 83 million primarily due to higher volume in sustainment services activities .", "operating profit for the segment increased 21% ( 21 % ) in 2007 compared to 2006 .", "operating profit increases in combat aircraft more than offset decreases in other aeronautics programs and air mobility .", "combat aircraft operating profit increased $ 326 million mainly due to improved performance on f-22 and f-16 programs .", "air mobility and other aeronautics programs declined $ 77 million due to lower operating profit in support and sustainment activities .", "operating profit for the segment increased 20% ( 20 % ) in 2006 compared to 2005 .", "operating profit increased in both combat aircraft and air mobility .", "combat aircraft increased $ 114 million , mainly due to higher volume on the f-35 and f-22 programs , and improved performance on f-16 programs .", "the improvement for the year was also attributable in part to the fact that in 2005 , operating profit included a reduction in earnings on the f-35 program .", "air mobility operating profit increased $ 84 million , mainly due to improved performance on c-130j sustainment activities in 2006 .", "backlog decreased in 2007 as compared to 2006 primarily as a result of sales volume on the f-35 program .", "this decrease was offset partially by increased orders on the f-22 and c-130j programs .", "electronic systems electronic systems 2019 operating results included the following : ( in millions ) 2007 2006 2005 ." ]

[ "net sales for electronic systems increased by 6% ( 6 % ) in 2007 compared to 2006 .", "sales increased in missiles & fire control ( m&fc ) , maritime systems & sensors ( ms2 ) , and platform , training & energy ( pt&e ) .", "m&fc sales increased $ 258 million mainly due to higher volume in fire control systems and air defense programs , which more than offset declines in tactical missile programs .", "ms2 sales grew $ 254 million due to volume increases in undersea and radar systems activities that were offset partially by decreases in surface systems activities .", "pt&e sales increased $ 113 million , primarily due to higher volume in platform integration activities , which more than offset declines in distribution technology activities .", "net sales for electronic systems increased by 7% ( 7 % ) in 2006 compared to 2005 .", "higher volume in platform integration activities led to increased sales of $ 329 million at pt&e .", "ms2 sales increased $ 267 million primarily due to surface systems activities .", "air defense programs contributed to increased sales of $ 118 million at m&fc .", "operating profit for the segment increased by 12% ( 12 % ) in 2007 compared to 2006 , representing an increase in all three lines of business during the year .", "operating profit increased $ 70 million at pt&e primarily due to higher volume and improved performance on platform integration activities .", "ms2 operating profit increased $ 32 million due to higher volume on undersea and tactical systems activities that more than offset lower volume on surface systems activities .", "at m&fc , operating profit increased $ 32 million due to higher volume in fire control systems and improved performance in tactical missile programs , which partially were offset by performance on certain international air defense programs in 2006 .", "operating profit for the segment increased by 17% ( 17 % ) in 2006 compared to 2005 .", "operating profit increased by $ 74 million at ms2 mainly due to higher volume on surface systems and undersea programs .", "pt&e operating profit increased $ 61 million mainly due to improved performance on distribution technology activities .", "higher volume on air defense programs contributed to a $ 52 million increase in operating profit at m&fc .", "the increase in backlog during 2007 over 2006 resulted primarily from increased orders for certain tactical missile programs and fire control systems at m&fc and platform integration programs at pt&e. ." ]

[ [ "<i>(In millions)</i>", "<i>2007</i>", "<i>2006</i>", "<i>2005</i>" ], [ "Net sales", "$11,143", "$10,519", "$9,811" ], [ "Operating profit", "1,410", "1,264", "1,078" ], [ "Backlog at year-end", "21,200", "19,700", "18,600" ] ]

[ [ "( in millions )", "2007", "2006", "2005" ], [ "net sales", "$ 11143", "$ 10519", "$ 9811" ], [ "operating profit", "1410", "1264", "1078" ], [ "backlog at year-end", "21200", "19700", "18600" ] ]

[ { "arg1": "19700", "arg2": "18600", "op": "minus1-1", "res": "1100" }, { "arg1": "#0", "arg2": "18600", "op": "divide1-2", "res": "6%" } ]

[ "freesheet paper were higher in russia , but lower in europe reflecting weak economic conditions and market demand .", "average sales price realizations for pulp decreased .", "lower input costs for wood and purchased fiber were partially offset by higher costs for energy , chemicals and packaging .", "freight costs were also higher .", "planned maintenance downtime costs were higher due to executing a significant once-every-ten-years maintenance outage plus the regularly scheduled 18-month outage at the saillat mill while outage costs in russia and poland were lower .", "manufacturing operating costs were favor- entering 2013 , sales volumes in the first quarter are expected to be seasonally weaker in russia , but about flat in europe .", "average sales price realizations for uncoated freesheet paper are expected to decrease in europe , but increase in russia .", "input costs should be higher in russia , especially for wood and energy , but be slightly lower in europe .", "no maintenance outages are scheduled for the first quarter .", "ind ian papers includes the results of andhra pradesh paper mills ( appm ) of which a 75% ( 75 % ) interest was acquired on october 14 , 2011 .", "net sales were $ 185 million in 2012 and $ 35 million in 2011 .", "operat- ing profits were a loss of $ 16 million in 2012 and a loss of $ 3 million in 2011 .", "asian pr int ing papers net sales were $ 85 mil- lion in 2012 , $ 75 million in 2011 and $ 80 million in 2010 .", "operating profits were improved from break- even in past years to $ 1 million in 2012 .", "u.s .", "pulp net sales were $ 725 million in 2012 compared with $ 725 million in 2011 and $ 715 million in 2010 .", "operating profits were a loss of $ 59 million in 2012 compared with gains of $ 87 million in 2011 and $ 107 million in 2010 .", "sales volumes in 2012 increased from 2011 primarily due to the start-up of pulp production at the franklin mill in the third quarter of 2012 .", "average sales price realizations were significantly lower for both fluff pulp and market pulp .", "input costs were lower , primarily for wood and energy .", "freight costs were slightly lower .", "mill operating costs were unfavorable primarily due to costs associated with the start-up of the franklin mill .", "planned maintenance downtime costs were lower .", "in the first quarter of 2013 , sales volumes are expected to be flat with the fourth quarter of 2012 .", "average sales price realizations are expected to improve reflecting the realization of sales price increases for paper and tissue pulp that were announced in the fourth quarter of 2012 .", "input costs should be flat .", "planned maintenance downtime costs should be about $ 9 million higher than in the fourth quarter of 2012 .", "manufacturing costs related to the franklin mill should be lower as we continue to improve operations .", "consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .", "in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .", "consumer packaging net sales in 2012 decreased 15% ( 15 % ) from 2011 and 7% ( 7 % ) from 2010 .", "operating profits increased 64% ( 64 % ) from 2011 and 29% ( 29 % ) from 2010 .", "net sales and operating profits include the shorewood business in 2011 and 2010 .", "exclud- ing asset impairment and other charges associated with the sale of the shorewood business , and facility closure costs , 2012 operating profits were 27% ( 27 % ) lower than in 2011 , but 23% ( 23 % ) higher than in 2010 .", "benefits from lower raw material costs ( $ 22 million ) , lower maintenance outage costs ( $ 5 million ) and other items ( $ 2 million ) were more than offset by lower sales price realizations and an unfavorable product mix ( $ 66 million ) , lower sales volumes and increased market-related downtime ( $ 22 million ) , and higher operating costs ( $ 40 million ) .", "in addition , operating profits in 2012 included a gain of $ 3 million related to the sale of the shorewood business while operating profits in 2011 included a $ 129 million fixed asset impairment charge for the north ameri- can shorewood business and $ 72 million for other charges associated with the sale of the shorewood business .", "consumer packaging ." ]

[ "north american consumer packaging net sales were $ 2.0 billion in 2012 compared with $ 2.5 billion in 2011 and $ 2.4 billion in 2010 .", "operating profits were $ 165 million ( $ 162 million excluding a gain related to the sale of the shorewood business ) in 2012 compared with $ 35 million ( $ 236 million excluding asset impairment and other charges asso- ciated with the sale of the shorewood business ) in 2011 and $ 97 million ( $ 105 million excluding facility closure costs ) in 2010 .", "coated paperboard sales volumes in 2012 were lower than in 2011 reflecting weaker market demand .", "average sales price realizations were lower , primar- ily for folding carton board .", "input costs for wood increased , but were partially offset by lower costs for chemicals and energy .", "planned maintenance down- time costs were slightly lower .", "market-related down- time was about 113000 tons in 2012 compared with about 38000 tons in 2011. ." ]

[ [ "In millions", "2012", "2011", "2010" ], [ "Sales", "$3,170", "$3,710", "$3,400" ], [ "Operating Profit", "268", "163", "207" ] ]

[ [ "in millions", "2012", "2011", "2010" ], [ "sales", "$ 3170", "$ 3710", "$ 3400" ], [ "operating profit", "268", "163", "207" ] ]

[]

[ "notes to consolidated financial statements gains and losses on financial assets and financial liabilities accounted for at fair value under the fair value option the table below presents the gains and losses recognized as a result of the firm electing to apply the fair value option to certain financial assets and financial liabilities .", "these gains and losses are included in 201cmarket making 201d and 201cother principal transactions . 201d the table below also includes gains and losses on the embedded derivative component of hybrid financial instruments included in unsecured short-term borrowings and unsecured long-term borrowings .", "these gains and losses would have been recognized under other u.s .", "gaap even if the firm had not elected to account for the entire hybrid instrument at fair value .", "the amounts in the table exclude contractual interest , which is included in 201cinterest income 201d and 201cinterest expense , 201d for all instruments other than hybrid financial instruments .", "see note 23 for further information about interest income and interest expense .", "gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december in millions 2012 2011 2010 receivables from customers and counterparties 1 $ 190 $ 97 $ ( 97 ) ." ]

[ "1 .", "primarily consists of gains/ ( losses ) on certain reinsurance contracts and certain transfers accounted for as receivables rather than purchases .", "2 .", "includes gains/ ( losses ) on the embedded derivative component of hybrid financial instruments of $ ( 814 ) million , $ 2.01 billion , and $ ( 1.49 ) billion as of december 2012 , december 2011 and december 2010 , respectively .", "3 .", "includes gains/ ( losses ) on the embedded derivative component of hybrid financial instruments of $ ( 887 ) million , $ 1.80 billion and $ ( 1.32 ) billion as of december 2012 , december 2011 and december 2010 , respectively .", "4 .", "primarily consists of gains/ ( losses ) on certain insurance contracts .", "5 .", "primarily consists of gains/ ( losses ) on resale and repurchase agreements , securities borrowed and loaned and deposits .", "excluding the gains and losses on the instruments accounted for under the fair value option described above , 201cmarket making 201d and 201cother principal transactions 201d primarily represent gains and losses on 201cfinancial instruments owned , at fair value 201d and 201cfinancial instruments sold , but not yet purchased , at fair value . 201d 150 goldman sachs 2012 annual report ." ]

[ [ "", "Gains/(Losses) on Financial Assets and Financial Liabilities at Fair Value Under the Fair Value Option Year Ended December" ], [ "<i>in millions</i>", "2012", "2011", "2010" ], [ "Receivables from customers andcounterparties¹", "$ 190", "$ 97", "$ (97)" ], [ "Other secured financings", "(190)", "(63)", "(227)" ], [ "Unsecured short-term borrowings²", "(973)", "2,149", "(1,455)" ], [ "Unsecured long-term borrowings³", "(1,523)", "2,336", "(1,169)" ], [ "Other liabilities and accrued expenses⁴", "(1,486)", "(911)", "50" ], [ "Other⁵", "(81)", "90", "(10)" ], [ "Total", "$(4,063)", "$3,698", "$(2,908)" ] ]

[ [ "in millions", "gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2012", "gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2011", "gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2010" ], [ "receivables from customers andcounterparties1", "$ 190", "$ 97", "$ -97 ( 97 )" ], [ "other secured financings", "-190 ( 190 )", "-63 ( 63 )", "-227 ( 227 )" ], [ "unsecured short-term borrowings2", "-973 ( 973 )", "2149", "-1455 ( 1455 )" ], [ "unsecured long-term borrowings3", "-1523 ( 1523 )", "2336", "-1169 ( 1169 )" ], [ "other liabilities and accrued expenses4", "-1486 ( 1486 )", "-911 ( 911 )", "50" ], [ "other5", "-81 ( 81 )", "90", "-10 ( 10 )" ], [ "total", "$ -4063 ( 4063 )", "$ 3698", "$ -2908 ( 2908 )" ] ]

[]

[ "jpmorgan chase & co./2010 annual report 59 consolidated results of operations this following section provides a comparative discussion of jpmorgan chase 2019s consolidated results of operations on a reported basis for the three-year period ended december 31 , 2010 .", "factors that related primarily to a single business segment are discussed in more detail within that business segment .", "for a discussion of the critical accounting estimates used by the firm that affect the consolidated results of operations , see pages 149 2013 154 of this annual report .", "revenue year ended december 31 , ( in millions ) 2010 2009 2008 ." ]

[ "2010 compared with 2009 total net revenue for 2010 was $ 102.7 billion , up by $ 2.3 billion , or 2% ( 2 % ) , from 2009 .", "results for 2010 were driven by a higher level of securities gains and private equity gains in corporate/private equity , higher asset management fees in am and administration fees in tss , and higher other income in several businesses , partially offset by lower credit card income .", "investment banking fees decreased from 2009 due to lower equity underwriting and advisory fees , partially offset by higher debt underwriting fees .", "competitive markets combined with flat industry-wide equity underwriting and completed m&a volumes , resulted in lower equity underwriting and advisory fees ; while strong industry-wide loan syndication and high-yield bond volumes drove record debt underwriting fees in ib .", "for additional information on investment banking fees , which are primarily recorded in ib , see ib segment results on pages 69 201371 of this annual report .", "principal transactions revenue , which consists of revenue from the firm 2019s trading and private equity investing activities , increased compared with 2009 .", "this was driven by the private equity business , which had significant private equity gains in 2010 , compared with a small loss in 2009 , reflecting improvements in market conditions .", "trading revenue decreased , reflecting lower results in corporate , offset by higher revenue in ib primarily reflecting gains from the widening of the firm 2019s credit spread on certain structured and derivative liabilities .", "for additional information on principal transactions revenue , see ib and corporate/private equity segment results on pages 69 201371 and 89 2013 90 , respectively , and note 7 on pages 199 2013200 of this annual report .", "lending- and deposit-related fees decreased in 2010 from 2009 levels , reflecting lower deposit-related fees in rfs associated , in part , with newly-enacted legislation related to non-sufficient funds and overdraft fees ; this was partially offset by higher lending- related service fees in ib , primarily from growth in business volume , and in cb , primarily from higher commitment and letter-of-credit fees .", "for additional information on lending- and deposit-related fees , which are mostly recorded in ib , rfs , cb and tss , see segment results for ib on pages 69 201371 , rfs on pages 72 201378 , cb on pages 82 201383 and tss on pages 84 201385 of this annual report .", "asset management , administration and commissions revenue increased from 2009 .", "the increase largely reflected higher asset management fees in am , driven by the effect of higher market levels , net inflows to products with higher margins and higher performance fees ; and higher administration fees in tss , reflecting the effects of higher market levels and net inflows of assets under custody .", "this increase was partially offset by lower brokerage commissions in ib , as a result of lower market volumes .", "for additional information on these fees and commissions , see the segment discussions for am on pages 86 201388 and tss on pages 84 201385 of this annual report .", "securities gains were significantly higher in 2010 compared with 2009 , resulting primarily from the repositioning of the portfolio in response to changes in the interest rate environment and to rebalance exposure .", "for additional information on securities gains , which are mostly recorded in the firm 2019s corporate segment , see the corporate/private equity segment discussion on pages 89 201390 of this annual report .", "mortgage fees and related income increased in 2010 compared with 2009 , driven by higher mortgage production revenue , reflecting increased mortgage origination volumes in rfs and am , and wider margins , particularly in rfs .", "this increase was largely offset by higher repurchase losses in rfs ( recorded as contra- revenue ) , which were attributable to higher estimated losses related to repurchase demands , predominantly from gses .", "for additional information on mortgage fees and related income , which is recorded primarily in rfs , see rfs 2019s mortgage banking , auto & other consumer lending discussion on pages 74 201377 of this annual report .", "for additional information on repurchase losses , see the repurchase liability discussion on pages 98 2013101 and note 30 on pages 275 2013280 of this annual report .", "credit card income decreased during 2010 , predominantly due to the impact of the accounting guidance related to vies , effective january 1 , 2010 , that required the firm to consolidate the assets and liabilities of its firm-sponsored credit card securitization trusts .", "adoption of the new guidance resulted in the elimination of all servicing fees received from firm-sponsored credit card securitization trusts ( which was offset by related increases in net ." ]

[ [ "Year ended December 31, (in millions)", "2010", "2009", "2008" ], [ "Investment banking fees", "$6,190", "$7,087", "$5,526" ], [ "Principal transactions", "10,894", "9,796", "(10,699)" ], [ "Lending- and deposit-related fees", "6,340", "7,045", "5,088" ], [ "Asset management, administrationand commissions", "13,499", "12,540", "13,943" ], [ "Securities gains", "2,965", "1,110", "1,560" ], [ "Mortgage fees and related income", "3,870", "3,678", "3,467" ], [ "Credit card income", "5,891", "7,110", "7,419" ], [ "Other income", "2,044", "916", "2,169" ], [ "Noninterest revenue", "51,693", "49,282", "28,473" ], [ "Net interest income", "51,001", "51,152", "38,779" ], [ "Total net revenue", "$102,694", "$100,434", "$67,252" ] ]

[ [ "year ended december 31 ( in millions )", "2010", "2009", "2008" ], [ "investment banking fees", "$ 6190", "$ 7087", "$ 5526" ], [ "principal transactions", "10894", "9796", "-10699 ( 10699 )" ], [ "lending- and deposit-related fees", "6340", "7045", "5088" ], [ "asset management administrationand commissions", "13499", "12540", "13943" ], [ "securities gains", "2965", "1110", "1560" ], [ "mortgage fees and related income", "3870", "3678", "3467" ], [ "credit card income", "5891", "7110", "7419" ], [ "other income", "2044", "916", "2169" ], [ "noninterest revenue", "51693", "49282", "28473" ], [ "net interest income", "51001", "51152", "38779" ], [ "total net revenue", "$ 102694", "$ 100434", "$ 67252" ] ]

[]

[ "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" ] ]

[ { "arg1": "82.1", "arg2": "71.3", "op": "minus2-1", "res": "10.8" }, { "arg1": "#0", "arg2": "71.3", "op": "divide2-2", "res": "15.1%" } ]

[ "entergy new orleans , inc .", "management's financial discussion and analysis results of operations net income ( loss ) 2004 compared to 2003 net income increased $ 20.2 million primarily due to higher net revenue .", "2003 compared to 2002 entergy new orleans had net income of $ 7.9 million in 2003 compared to a net loss in 2002 .", "the increase was due to higher net revenue and lower interest expense , partially offset by higher other operation and maintenance expenses and depreciation and amortization expenses .", "net revenue 2004 compared to 2003 net revenue , which is entergy new orleans' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .", "following is an analysis of the change in net revenue comparing 2004 to 2003. ." ]

[ "the increase in base rates was effective june 2003 .", "the rate increase is discussed in note 2 to the domestic utility companies and system energy financial statements .", "the volume/weather variance is primarily due to increased billed electric usage of 162 gwh in the industrial service sector .", "the increase was partially offset by milder weather in the residential and commercial sectors .", "the 2004 deferrals variance is due to the deferral of voluntary severance plan and fossil plant maintenance expenses in accordance with a stipulation approved by the city council in august 2004 .", "the stipulation allows for the recovery of these costs through amortization of a regulatory asset .", "the voluntary severance plan and fossil plant maintenance expenses are being amortized over a five-year period that became effective january 2004 and january 2003 , respectively .", "the formula rate plan is discussed in note 2 to the domestic utility companies and system energy financial statements .", "the price applied to unbilled electric sales variance is due to an increase in the fuel price applied to unbilled sales. ." ]

[ [ "", "(In Millions)" ], [ "2003 net revenue", "$208.3" ], [ "Base rates", "10.6" ], [ "Volume/weather", "8.3" ], [ "2004 deferrals", "7.5" ], [ "Price applied to unbilled electric sales", "3.7" ], [ "Other", "0.6" ], [ "2004 net revenue", "$239.0" ] ]

[ [ "", "( in millions )" ], [ "2003 net revenue", "$ 208.3" ], [ "base rates", "10.6" ], [ "volume/weather", "8.3" ], [ "2004 deferrals", "7.5" ], [ "price applied to unbilled electric sales", "3.7" ], [ "other", "0.6" ], [ "2004 net revenue", "$ 239.0" ] ]

[ { "arg1": "239.0", "arg2": "208.3", "op": "minus2-1", "res": "30.7" }, { "arg1": "8.3", "arg2": "#0", "op": "divide2-2", "res": "27.0%" } ]

[ "guaranteed by the company with guarantees from the joint venture partners for their proportionate amounts of any guaranty payment the company is obligated to make ( see guarantee table above ) .", "non-recourse mortgage debt is generally defined as debt whereby the lenders 2019 sole recourse with respect to borrower defaults is limited to the value of the property collateralized by the mortgage .", "the lender generally does not have recourse against any other assets owned by the borrower or any of the constituent members of the borrower , except for certain specified exceptions listed in the particular loan documents ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) .", "these investments include the following joint ventures : venture ownership interest number of properties total gla thousands ) recourse mortgage payable ( in millions ) number of encumbered properties average interest weighted average ( months ) ." ]

[ "( a ) represents the company 2019s joint ventures with prudential real estate investors .", "( b ) represents the company 2019s joint ventures with riocan real estate investment trust .", "( c ) represents the company 2019s joint ventures with certain institutional investors .", "( d ) represents the company 2019s remaining joint venture with big shopping centers ( tlv:big ) , an israeli public company ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) .", "( e ) represents the company 2019s joint ventures with blackstone .", "( f ) represents the company 2019s joint ventures with the canadian pension plan investment board ( cppib ) .", "( g ) on february 2 , 2015 , the company purchased the remaining 66.7% ( 66.7 % ) interest in the 39-property kimstone portfolio for a gross purchase price of $ 1.4 billion , including the assumption of $ 638.0 million in mortgage debt ( see footnote 26 of the notes to consolidated financial statements included in this form 10-k ) .", "the company has various other unconsolidated real estate joint ventures with varying structures .", "as of december 31 , 2014 , these other unconsolidated joint ventures had individual non-recourse mortgage loans aggregating $ 1.2 billion .", "the aggregate debt as of december 31 , 2014 , of all of the company 2019s unconsolidated real estate joint ventures is $ 4.6 billion , of which the company 2019s proportionate share of this debt is $ 1.8 billion .", "as of december 31 , 2014 , these loans had scheduled maturities ranging from one month to 19 years and bear interest at rates ranging from 1.92% ( 1.92 % ) to 8.39% ( 8.39 % ) .", "approximately $ 525.7 million of the aggregate outstanding loan balance matures in 2015 , of which the company 2019s proportionate share is $ 206.0 million .", "these maturing loans are anticipated to be repaid with operating cash flows , debt refinancing and partner capital contributions , as deemed appropriate ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) . ." ]

[ [ "Venture", "Kimco Ownership Interest", "Number of Properties", "Total GLA (in thousands)", "Non- Recourse Mortgage Payable (in millions)", "Number of Encumbered Properties", "Average Interest Rate", "Weighted Average Term (months)" ], [ "KimPru (a)", "15.0%", "60", "10,573", "$920.4", "39", "5.53%", "23.0" ], [ "RioCan Venture (b)", "50.0%", "45", "9,307", "$642.6", "28", "4.29%", "39.9" ], [ "KIR (c)", "48.6%", "54", "11,519", "$866.4", "46", "5.04%", "61.9" ], [ "BIG Shopping Centers (d)", "50.1%", "6", "1,029", "$144.6", "6", "5.52%", "22.0" ], [ "Kimstone (e)(g)", "33.3%", "39", "5,595", "$704.4", "38", "4.45%", "28.7" ], [ "CPP (f)", "55.0%", "7", "2,425", "$112.1", "2", "5.05%", "10.1" ] ]

[ [ "venture", "kimco ownership interest", "number of properties", "total gla ( in thousands )", "non- recourse mortgage payable ( in millions )", "number of encumbered properties", "average interest rate", "weighted average term ( months )" ], [ "kimpru ( a )", "15.0% ( 15.0 % )", "60", "10573", "$ 920.4", "39", "5.53% ( 5.53 % )", "23.0" ], [ "riocan venture ( b )", "50.0% ( 50.0 % )", "45", "9307", "$ 642.6", "28", "4.29% ( 4.29 % )", "39.9" ], [ "kir ( c )", "48.6% ( 48.6 % )", "54", "11519", "$ 866.4", "46", "5.04% ( 5.04 % )", "61.9" ], [ "big shopping centers ( d )", "50.1% ( 50.1 % )", "6", "1029", "$ 144.6", "6", "5.52% ( 5.52 % )", "22.0" ], [ "kimstone ( e ) ( g )", "33.3% ( 33.3 % )", "39", "5595", "$ 704.4", "38", "4.45% ( 4.45 % )", "28.7" ], [ "cpp ( f )", "55.0% ( 55.0 % )", "7", "2425", "$ 112.1", "2", "5.05% ( 5.05 % )", "10.1" ] ]

[]

[ "the pnc financial services group , inc .", "2013 form 10-k 65 liquidity and capital management liquidity risk has two fundamental components .", "the first is potential loss assuming we were unable to meet our funding requirements at a reasonable cost .", "the second is the potential inability to operate our businesses because adequate contingent liquidity is not available .", "we manage liquidity risk at the consolidated company level ( bank , parent company and nonbank subsidiaries combined ) to help ensure that we can obtain cost-effective funding to meet current and future obligations under both normal 201cbusiness as usual 201d and stressful circumstances , and to help ensure that we maintain an appropriate level of contingent liquidity .", "management monitors liquidity through a series of early warning indicators that may indicate a potential market , or pnc-specific , liquidity stress event .", "in addition , management performs a set of liquidity stress tests over multiple time horizons with varying levels of severity and maintains a contingency funding plan to address a potential liquidity stress event .", "in the most severe liquidity stress simulation , we assume that our liquidity position is under pressure , while the market in general is under systemic pressure .", "the simulation considers , among other things , the impact of restricted access to both secured and unsecured external sources of funding , accelerated run-off of customer deposits , valuation pressure on assets and heavy demand to fund committed obligations .", "parent company liquidity guidelines are designed to help ensure that sufficient liquidity is available to meet our parent company obligations over the succeeding 24-month period .", "liquidity-related risk limits are established within our enterprise liquidity management policy and supporting policies .", "management committees , including the asset and liability committee , and the board of directors and its risk committee regularly review compliance with key established limits .", "in addition to these liquidity monitoring measures and tools described above , we also monitor our liquidity by reference to the liquidity coverage ratio ( lcr ) which is further described in the supervision and regulation section in item 1 of this report .", "pnc and pnc bank calculate the lcr on a daily basis and as of december 31 , 2018 , the lcr for pnc and pnc bank exceeded the fully phased-in requirement of 100% ( 100 % ) .", "we provide additional information regarding regulatory liquidity requirements and their potential impact on us in the supervision and regulation section of item 1 business and item 1a risk factors of this report .", "sources of liquidity our largest source of liquidity on a consolidated basis is the customer deposit base generated by our banking businesses .", "these deposits provide relatively stable and low-cost funding .", "total deposits increased to $ 267.8 billion at december 31 , 2018 from $ 265.1 billion at december 31 , 2017 driven by growth in interest-bearing deposits partially offset by a decrease in noninterest-bearing deposits .", "see the funding sources section of the consolidated balance sheet review in this report for additional information related to our deposits .", "additionally , certain assets determined by us to be liquid as well as unused borrowing capacity from a number of sources are also available to manage our liquidity position .", "at december 31 , 2018 , our liquid assets consisted of short-term investments ( federal funds sold , resale agreements , trading securities and interest-earning deposits with banks ) totaling $ 22.1 billion and securities available for sale totaling $ 63.4 billion .", "the level of liquid assets fluctuates over time based on many factors , including market conditions , loan and deposit growth and balance sheet management activities .", "our liquid assets included $ 2.7 billion of securities available for sale and trading securities pledged as collateral to secure public and trust deposits , repurchase agreements and for other purposes .", "in addition , $ 4.9 billion of securities held to maturity were also pledged as collateral for these purposes .", "we also obtain liquidity through various forms of funding , including long-term debt ( senior notes , subordinated debt and fhlb borrowings ) and short-term borrowings ( securities sold under repurchase agreements , commercial paper and other short-term borrowings ) .", "see note 10 borrowed funds and the funding sources section of the consolidated balance sheet review in this report for additional information related to our borrowings .", "total senior and subordinated debt , on a consolidated basis , decreased due to the following activity : table 24 : senior and subordinated debt ." ]

[ "." ]

[ [ "In billions", "2018" ], [ "January 1", "$33.3" ], [ "Issuances", "4.5" ], [ "Calls and maturities", "(6.8)" ], [ "Other", "(.1)" ], [ "December 31", "$30.9" ] ]

[ [ "in billions", "2018" ], [ "january 1", "$ 33.3" ], [ "issuances", "4.5" ], [ "calls and maturities", "-6.8 ( 6.8 )" ], [ "other", "-.1 ( .1 )" ], [ "december 31", "$ 30.9" ] ]

[ { "arg1": "22.1", "arg2": "63.4", "op": "add1-1", "res": "85.5" }, { "arg1": "22.1", "arg2": "#0", "op": "divide1-2", "res": "25.8%" } ]

[ "stock performance graph the following performance graph compares the cumulative total return ( including dividends ) to the holders of our common stock from december 31 , 2002 through december 31 , 2007 , with the cumulative total returns of the nyse composite index , the ftse nareit composite reit index ( the 201call reit index 201d ) , the ftse nareit healthcare equity reit index ( the 201chealthcare reit index 201d ) and the russell 1000 index over the same period .", "the comparison assumes $ 100 was invested on december 31 , 2002 in our common stock and in each of the foregoing indices and assumes reinvestment of dividends , as applicable .", "we have included the nyse composite index in the performance graph because our common stock is listed on the nyse .", "we have included the other indices because we believe that they are either most representative of the industry in which we compete , or otherwise provide a fair basis for comparison with ventas , and are therefore particularly relevant to an assessment of our performance .", "the figures in the table below are rounded to the nearest dollar. ." ]

[ "ventas nyse composite index all reit index healthcare reit index russell 1000 index ." ]

[ [ "", "12/31/2002", "12/31/2003", "12/31/2004", "12/31/2005", "12/31/2006", "12/31/2007" ], [ "Ventas", "$100", "$206", "$270", "$331", "$457", "$512" ], [ "NYSE Composite Index", "$100", "$132", "$151", "$166", "$200", "$217" ], [ "All REIT Index", "$100", "$138", "$181", "$196", "$262", "$215" ], [ "Healthcare REIT Index", "$100", "$154", "$186", "$189", "$273", "$279" ], [ "Russell 1000 Index", "$100", "$130", "$145", "$154", "$178", "$188" ] ]

[ [ "", "12/31/2002", "12/31/2003", "12/31/2004", "12/31/2005", "12/31/2006", "12/31/2007" ], [ "ventas", "$ 100", "$ 206", "$ 270", "$ 331", "$ 457", "$ 512" ], [ "nyse composite index", "$ 100", "$ 132", "$ 151", "$ 166", "$ 200", "$ 217" ], [ "all reit index", "$ 100", "$ 138", "$ 181", "$ 196", "$ 262", "$ 215" ], [ "healthcare reit index", "$ 100", "$ 154", "$ 186", "$ 189", "$ 273", "$ 279" ], [ "russell 1000 index", "$ 100", "$ 130", "$ 145", "$ 154", "$ 178", "$ 188" ] ]

[ { "arg1": "217", "arg2": "100", "op": "minus2-1", "res": "117" }, { "arg1": "#0", "arg2": "100", "op": "divide2-2", "res": "117%" } ]

[ "note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period .", "diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans .", "the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: ." ]

[ "at december 31 , 2018 , 0.1 million stock options were excluded from the computation of weighted-average diluted shares outstanding because the effect of including these shares would have been anti-dilutive .", "note 19 2013 net revenues net revenues are recognized based on the satisfaction of performance obligations under the terms of a contract .", "a performance obligation is a promise in a contract to transfer control of a distinct product or to provide a service , or a bundle of products or services , to a customer , and is the unit of account under asc 606 .", "the company has two principal revenue streams , tangible product sales and services .", "approximately 99% ( 99 % ) of consolidated net revenues involve contracts with a single performance obligation , which is the transfer of control of a product or bundle of products to a customer .", "transfer of control typically occurs when goods are shipped from the company's facilities or at other predetermined control transfer points ( for instance , destination terms ) .", "net revenues are measured as the amount of consideration expected to be received in exchange for transferring control of the products and takes into account variable consideration , such as sales incentive programs including discounts and volume rebates .", "the existence of these programs does not preclude revenue recognition but does require the company's best estimate of the variable consideration to be made based on expected activity , as these items are reserved for as a deduction to net revenues over time based on the company's historical rates of providing these incentives and annual forecasted sales volumes .", "the company also offers a standard warranty with most product sales and the value of such warranty is included in the contractual price .", "the corresponding cost of the warranty obligation is accrued as a liability ( see note 20 ) .", "the company's remaining net revenues involve services , including installation and consulting .", "unlike the single performance obligation to ship a product or bundle of products , the service revenue stream delays revenue recognition until the service performance obligations are satisfied .", "in some instances , customer acceptance provisions are included in sales arrangements to give the buyer the ability to ensure the service meets the criteria established in the order .", "in these instances , revenue recognition is deferred until the performance obligations are satisfied , which could include acceptance terms specified in the arrangement being fulfilled through customer acceptance or a demonstration that established criteria have been satisfied .", "during the year ended december 31 , 2018 , no adjustments related to performance obligations satisfied in previous periods were recorded .", "upon adoption of asc 606 , the company used the practical expedients to omit the disclosure of remaining performance obligations for contracts with an original expected duration of one year or less and for contracts where the company has the right to invoice for performance completed to date .", "the transaction price is not adjusted for the effects of a significant financing component , as the time period between control transfer of goods and services is less than one year .", "sales , value-added and other similar taxes collected by the company are excluded from net revenues .", "the company has also elected to account for shipping and handling activities that occur after control of the related goods transfers as fulfillment activities instead of performance obligations .", "these activities are included in cost of goods sold in the consolidated statements of comprehensive income .", "the company 2019s payment terms are generally consistent with the industries in which their businesses operate .", "the following table shows the company's net revenues for the years ended december 31 , based on the two principal revenue streams , tangible product sales and services , disaggregated by business segment .", "net revenues are shown by tangible product sales and services , as contract terms , conditions and economic factors affecting the nature , amount , timing and uncertainty around revenue recognition and cash flows are substantially similar within each of the two principal revenue streams: ." ]

[ [ "In millions", "2018", "2017", "2016" ], [ "Weighted-average number of basic shares", "95.0", "95.1", "95.8" ], [ "Shares issuable under incentive stock plans", "0.7", "0.9", "1.1" ], [ "Weighted-average number of diluted shares", "95.7", "96.0", "96.9" ] ]

[ [ "in millions", "2018", "2017", "2016" ], [ "weighted-average number of basic shares", "95.0", "95.1", "95.8" ], [ "shares issuable under incentive stock plans", "0.7", "0.9", "1.1" ], [ "weighted-average number of diluted shares", "95.7", "96.0", "96.9" ] ]

[ { "arg1": "95.7", "arg2": "96.0", "op": "minus2-1", "res": "-0.3" }, { "arg1": "#0", "arg2": "96.0", "op": "divide2-2", "res": "-0.003125" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "-0.3125%" } ]

[ "arconic and its subsidiaries file income tax returns in the u.s .", "federal jurisdiction and various states and foreign jurisdictions .", "with a few minor exceptions , arconic is no longer subject to income tax examinations by tax authorities for years prior to 2006 .", "all u.s .", "tax years prior to 2016 have been audited by the internal revenue service .", "various state and foreign jurisdiction tax authorities are in the process of examining arconic 2019s income tax returns for various tax years through 2015 .", "a reconciliation of the beginning and ending amount of unrecognized tax benefits ( excluding interest and penalties ) was as follows: ." ]

[ "for all periods presented , a portion of the balance at end of year pertains to state tax liabilities , which are presented before any offset for federal tax benefits .", "the effect of unrecognized tax benefits , if recorded , that would impact the annual effective tax rate for 2016 , 2015 , and 2014 would be approximately 6% ( 6 % ) , 7% ( 7 % ) , and 4% ( 4 % ) , respectively , of pretax book income .", "arconic does not anticipate that changes in its unrecognized tax benefits will have a material impact on the statement of consolidated operations during 2017 ( see tax in note l for a matter for which no reserve has been recognized ) .", "it is arconic 2019s policy to recognize interest and penalties related to income taxes as a component of the provision for income taxes on the accompanying statement of consolidated operations .", "in 2016 , 2015 , and 2014 , arconic did not recognize any interest or penalties .", "due to the expiration of the statute of limitations , settlements with tax authorities , and refunded overpayments , arconic recognized interest income of $ 1 in 2015 but did not recognize any interest income in 2016 or 2014 .", "as of december 31 , 2016 and 2015 , the amount accrued for the payment of interest and penalties was $ 2 and $ 1 , respectively .", "s .", "receivables sale of receivables programs arconic has an arrangement with three financial institutions to sell certain customer receivables without recourse on a revolving basis .", "the sale of such receivables is completed through the use of a bankruptcy remote special purpose entity , which is a consolidated subsidiary of arconic .", "this arrangement provides for minimum funding of $ 200 up to a maximum of $ 400 for receivables sold .", "on march 30 , 2012 , arconic initially sold $ 304 of customer receivables in exchange for $ 50 in cash and $ 254 of deferred purchase price under this arrangement .", "arconic has received additional net cash funding of $ 300 for receivables sold ( $ 1758 in draws and $ 1458 in repayments ) since the program 2019s inception , including $ 100 ( $ 500 in draws and $ 400 in repayments ) in 2016 .", "no draws or repayments occurred in 2015 .", "as of december 31 , 2016 and 2015 , the deferred purchase price receivable was $ 83 and $ 249 , respectively , which was included in other receivables on the accompanying consolidated balance sheet .", "the deferred purchase price receivable is reduced as collections of the underlying receivables occur ; however , as this is a revolving program , the sale of new receivables will result in an increase in the deferred purchase price receivable .", "the net change in the deferred purchase price receivable was reflected in the ( increase ) decrease in receivables line item on the accompanying statement of consolidated cash flows .", "this activity is reflected as an operating cash flow because the related customer receivables are the result of an operating activity with an insignificant , short-term interest rate risk. ." ]

[ [ "December 31,", "2016", "2015", "2014" ], [ "Balance at beginning of year", "$18", "$7", "$8" ], [ "Additions for tax positions of the current year", "12", "-", "-" ], [ "Additions for tax positions of prior years", "-", "14", "4" ], [ "Reductions for tax positions of prior years", "-", "(2)", "(3)" ], [ "Settlements with tax authorities", "(1)", "-", "(1)" ], [ "Expiration of the statute of limitations", "(1)", "(1)", "-" ], [ "Foreign currency translation", "-", "-", "(1)" ], [ "Balance at end of year", "$28", "$18", "$7" ] ]

[ [ "december 31,", "2016", "2015", "2014" ], [ "balance at beginning of year", "$ 18", "$ 7", "$ 8" ], [ "additions for tax positions of the current year", "12", "-", "-" ], [ "additions for tax positions of prior years", "-", "14", "4" ], [ "reductions for tax positions of prior years", "-", "-2 ( 2 )", "-3 ( 3 )" ], [ "settlements with tax authorities", "-1 ( 1 )", "-", "-1 ( 1 )" ], [ "expiration of the statute of limitations", "-1 ( 1 )", "-1 ( 1 )", "-" ], [ "foreign currency translation", "-", "-", "-1 ( 1 )" ], [ "balance at end of year", "$ 28", "$ 18", "$ 7" ] ]

[ { "arg1": "83", "arg2": "249", "op": "minus1-1", "res": "-166" }, { "arg1": "#0", "arg2": "249", "op": "divide1-2", "res": "-66.67%" } ]

[ "investments prior to our acquisition of keystone on october 12 , 2007 , we held common shares of keystone , which were classified as an available-for-sale investment security .", "accordingly , the investment was included in other assets at its fair value , with the unrealized gain excluded from earnings and included in accumulated other comprehensive income , net of applicable taxes .", "upon our acquisition of keystone on october 12 , 2007 , the unrealized gain was removed from accumulated other comprehensive income , net of applicable taxes , and the original cost of the common shares was considered a component of the purchase price .", "fair value of financial instruments our debt is reflected on the balance sheet at cost .", "based on current market conditions , our interest rate margins are below the rate available in the market , which causes the fair value of our debt to fall below the carrying value .", "the fair value of our term loans ( see note 6 , 201clong-term obligations 201d ) is approximately $ 570 million at december 31 , 2009 , as compared to the carrying value of $ 596 million .", "we estimated the fair value of our term loans by calculating the upfront cash payment a market participant would require to assume our obligations .", "the upfront cash payment , excluding any issuance costs , is the amount that a market participant would be able to lend at december 31 , 2009 to an entity with a credit rating similar to ours and achieve sufficient cash inflows to cover the scheduled cash outflows under our term loans .", "the carrying amounts of our cash and equivalents , net trade receivables and accounts payable approximate fair value .", "we apply the market approach to value our financial assets and liabilities , which include the cash surrender value of life insurance , deferred compensation liabilities and interest rate swaps .", "the market approach utilizes available market information to estimate fair value .", "required fair value disclosures are included in note 8 , 201cfair value measurements . 201d accrued expenses we self-insure a portion of employee medical benefits under the terms of our employee health insurance program .", "we purchase certain stop-loss insurance to limit our liability exposure .", "we also self-insure a portion of our property and casualty risk , which includes automobile liability , general liability , workers 2019 compensation and property under deductible insurance programs .", "the insurance premium costs are expensed over the contract periods .", "a reserve for liabilities associated with these losses is established for claims filed and claims incurred but not yet reported based upon our estimate of ultimate cost , which is calculated using analyses of historical data .", "we monitor new claims and claim development as well as trends related to the claims incurred but not reported in order to assess the adequacy of our insurance reserves .", "self-insurance reserves on the consolidated balance sheets are net of claims deposits of $ 0.7 million and $ 0.8 million , at december 31 , 2009 and 2008 , respectively .", "while we do not expect the amounts ultimately paid to differ significantly from our estimates , our insurance reserves and corresponding expenses could be affected if future claim experience differs significantly from historical trends and assumptions .", "product warranties some of our mechanical products are sold with a standard six-month warranty against defects .", "we record the estimated warranty costs at the time of sale using historical warranty claim information to project future warranty claims activity and related expenses .", "the changes in the warranty reserve are as follows ( in thousands ) : ." ]

[ "." ]

[ [ "Balance as of January 1, 2008", "$580" ], [ "Warranty expense", "3,681" ], [ "Warranty claims", "(3,721)" ], [ "Balance as of December 31, 2008", "540" ], [ "Warranty expense", "5,033" ], [ "Warranty claims", "(4,969)" ], [ "Balance as of December 31, 2009", "$604" ] ]

[ [ "balance as of january 1 2008", "$ 580" ], [ "warranty expense", "3681" ], [ "warranty claims", "-3721 ( 3721 )" ], [ "balance as of december 31 2008", "540" ], [ "warranty expense", "5033" ], [ "warranty claims", "-4969 ( 4969 )" ], [ "balance as of december 31 2009", "$ 604" ] ]

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[ "abiomed , inc .", "and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 .", "goodwill and in-process research and development ( continued ) the company has no accumulated impairment losses on goodwill .", "the company performed a step 0 qualitative assessment during the annual impairment review for fiscal 2015 as of october 31 , 2014 and concluded that it is not more likely than not that the fair value of the company 2019s single reporting unit is less than its carrying amount .", "therefore , the two-step goodwill impairment test for the reporting unit was not necessary in fiscal 2015 .", "as described in note 3 .", "201cacquisitions , 201d in july 2014 , the company acquired ecp and ais and recorded $ 18.5 million of ipr&d .", "the estimated fair value of the ipr&d was determined using a probability-weighted income approach , which discounts expected future cash flows to present value .", "the projected cash flows from the expandable catheter pump technology were based on certain key assumptions , including estimates of future revenue and expenses , taking into account the stage of development of the technology at the acquisition date and the time and resources needed to complete development .", "the company used a discount rate of 22.5% ( 22.5 % ) and cash flows that have been probability adjusted to reflect the risks of product commercialization , which the company believes are appropriate and representative of market participant assumptions .", "the carrying value of the company 2019s ipr&d assets and the change in the balance for the year ended march 31 , 2015 is as follows : march 31 , ( in $ 000 2019s ) ." ]

[ "note 9 .", "stockholders 2019 equity class b preferred stock the company has authorized 1000000 shares of class b preferred stock , $ .01 par value , of which the board of directors can set the designation , rights and privileges .", "no shares of class b preferred stock have been issued or are outstanding .", "stock repurchase program in november 2012 , the company 2019s board of directors authorized a stock repurchase program for up to $ 15.0 million of its common stock .", "the company financed the stock repurchase program with its available cash .", "during the year ended march 31 , 2013 , the company repurchased 1123587 shares for $ 15.0 million in open market purchases at an average cost of $ 13.39 per share , including commission expense .", "the company completed the purchase of common stock under this stock repurchase program in january 2013 .", "note 10 .", "stock award plans and stock-based compensation stock award plans the company grants stock options and restricted stock awards to employees and others .", "all outstanding stock options of the company as of march 31 , 2015 were granted with an exercise price equal to the fair market value on the date of grant .", "outstanding stock options , if not exercised , expire 10 years from the date of grant .", "the company 2019s 2008 stock incentive plan ( the 201cplan 201d ) authorizes the grant of a variety of equity awards to the company 2019s officers , directors , employees , consultants and advisers , including awards of unrestricted and restricted stock , restricted stock units , incentive and nonqualified stock options to purchase shares of common stock , performance share awards and stock appreciation rights .", "the plan provides that options may only be granted at the current market value on the date of grant .", "each share of stock issued pursuant to a stock option or stock appreciation right counts as one share against the maximum number of shares issuable under the plan , while each share of stock issued ." ]

[ [ "", "March 31, 2015 (in $000’s)" ], [ "Beginning balance", "$—" ], [ "Additions", "18,500" ], [ "Foreign currency translation impact", "(3,789)" ], [ "Ending balance", "$14,711" ] ]

[ [ "", "march 31 2015 ( in $ 000 2019s )" ], [ "beginning balance", "$ 2014" ], [ "additions", "18500" ], [ "foreign currency translation impact", "-3789 ( 3789 )" ], [ "ending balance", "$ 14711" ] ]

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[ "we measure cash flow as net cash provided by operating activities reduced by expenditures for property additions .", "we use this non-gaap financial measure of cash flow to focus management and investors on the amount of cash available for debt repayment , dividend distributions , acquisition opportunities , and share repurchases .", "our cash flow metric is reconciled to the most comparable gaap measure , as follows: ." ]

[ "year-over-year change 22.4 % ( % ) 87.5 % ( % ) year-over-year changes in cash flow ( as defined ) were driven by improved performance in working capital resulting from the benefit derived from the pringles acquisition , as well as changes in the level of capital expenditures during the three-year period .", "investing activities our net cash used in investing activities for 2012 amounted to $ 3245 million , an increase of $ 2658 million compared with 2011 primarily attributable to the $ 2668 acquisition of pringles in capital spending in 2012 included investments in our supply chain infrastructure , and to support capacity requirements in certain markets , including pringles .", "in addition , we continued the investment in our information technology infrastructure related to the reimplementation and upgrade of our sap platform .", "net cash used in investing activities of $ 587 million in 2011 increased by $ 122 million compared with 2010 , reflecting capital projects for our reimplementation and upgrade of our sap platform and investments in our supply chain .", "cash paid for additions to properties as a percentage of net sales has decreased to 3.8% ( 3.8 % ) in 2012 , from 4.5% ( 4.5 % ) in 2011 , which was an increase from 3.8% ( 3.8 % ) in financing activities in february 2013 , we issued $ 250 million of two-year floating-rate u.s .", "dollar notes , and $ 400 million of ten-year 2.75% ( 2.75 % ) u.s .", "dollar notes .", "the proceeds from these notes will be used for general corporate purposes , including , together with cash on hand , repayment of the $ 750 million aggregate principal amount of our 4.25% ( 4.25 % ) u.s .", "dollar notes due march 2013 .", "the floating-rate notes bear interest equal to three-month libor plus 23 basis points , subject to quarterly reset .", "the notes contain customary covenants that limit the ability of kellogg company and its restricted subsidiaries ( as defined ) to incur certain liens or enter into certain sale and lease-back transactions , as well as a change of control provision .", "our net cash provided by financing activities was $ 1317 for 2012 , compared to net cash used in financing activities of $ 957 and $ 439 for 2011 and 2010 , respectively .", "the increase in cash provided from financing activities in 2012 compared to 2011 and 2010 , was primarily due to the issuance of debt related to the acquisition of pringles .", "total debt was $ 7.9 billion at year-end 2012 and $ 6.0 billion at year-end 2011 .", "in march 2012 , we entered into interest rate swaps on our $ 500 million five-year 1.875% ( 1.875 % ) fixed rate u.s .", "dollar notes due 2016 , $ 500 million ten-year 4.15% ( 4.15 % ) fixed rate u.s .", "dollar notes due 2019 and $ 500 million of our $ 750 million seven-year 4.45% ( 4.45 % ) fixed rate u.s .", "dollar notes due 2016 .", "the interest rate swaps effectively converted these notes from their fixed rates to floating rate obligations through maturity .", "in may 2012 , we issued $ 350 million of three-year 1.125% ( 1.125 % ) u.s .", "dollar notes , $ 400 million of five-year 1.75% ( 1.75 % ) u.s .", "dollar notes and $ 700 million of ten-year 3.125% ( 3.125 % ) u.s .", "dollar notes , resulting in aggregate net proceeds after debt discount of $ 1.442 billion .", "the proceeds of these notes were used for general corporate purposes , including financing a portion of the acquisition of pringles .", "in may 2012 , we issued cdn .", "$ 300 million of two-year 2.10% ( 2.10 % ) fixed rate canadian dollar notes , using the proceeds from these notes for general corporate purposes , which included repayment of intercompany debt .", "this repayment resulted in cash available to be used for a portion of the acquisition of pringles .", "in december 2012 , we repaid $ 750 million five-year 5.125% ( 5.125 % ) u.s .", "dollar notes at maturity with commercial paper .", "in february 2011 , we entered into interest rate swaps on $ 200 million of our $ 750 million seven-year 4.45% ( 4.45 % ) fixed rate u.s .", "dollar notes due 2016 .", "the interest rate swaps effectively converted this portion of the notes from a fixed rate to a floating rate obligation through maturity .", "in april 2011 , we repaid $ 945 million ten-year 6.60% ( 6.60 % ) u.s .", "dollar notes at maturity with commercial paper .", "in may 2011 , we issued $ 400 million of seven-year 3.25% ( 3.25 % ) fixed rate u.s .", "dollar notes , using the proceeds of $ 397 million for general corporate purposes and repayment of commercial paper .", "during 2011 , we entered into interest rate swaps with notional amounts totaling $ 400 million , which effectively converted these notes from a fixed rate to a floating rate obligation through maturity .", "in november 2011 , we issued $ 500 million of five-year 1.875% ( 1.875 % ) fixed rate u .", "s .", "dollar notes , using the proceeds of $ 498 million for general corporate purposes and repayment of commercial paper .", "during 2012 , we entered into interest rate swaps which effectively converted these notes from a fixed rate to a floating rate obligation through maturity .", "in april 2010 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 2.5 billion during 2010 through 2012 .", "this three year authorization replaced previous share buyback programs which had authorized stock repurchases of up to $ 1.1 billion for 2010 and $ 650 million for 2009 .", "under this program , we repurchased approximately 1 million , 15 million and 21 million shares of common stock for $ 63 million , $ 793 million and $ 1.1 billion during 2012 , 2011 and 2010 , respectively .", "in december 2012 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 300 million during 2013 .", "we paid quarterly dividends to shareholders totaling $ 1.74 per share in 2012 , $ 1.67 per share in 2011 and $ 1.56 per share in 2010 .", "total cash paid for dividends increased by 3.0% ( 3.0 % ) in 2012 and 3.4% ( 3.4 % ) in 2011 .", "in march 2011 , we entered into an unsecured four- year credit agreement which allows us to borrow , on a revolving credit basis , up to $ 2.0 billion .", "our long-term debt agreements contain customary covenants that limit kellogg company and some of its subsidiaries from incurring certain liens or from entering into certain sale and lease-back transactions .", "some agreements also contain change in control provisions .", "however , they do not contain acceleration of maturity clauses that are dependent on credit ratings .", "a change in our credit ratings could limit our access to the u.s .", "short-term debt market and/or increase the cost of refinancing long-term debt in the future .", "however , even under these circumstances , we would continue to have access to our four-year credit agreement , which expires in march 2015 .", "this source of liquidity is unused and available on an unsecured basis , although we do not currently plan to use it .", "capital and credit markets , including commercial paper markets , continued to experience instability and disruption as the u.s .", "and global economies underwent a period of extreme uncertainty .", "throughout this period of uncertainty , we continued to have access to the u.s. , european , and canadian commercial paper markets .", "our commercial paper and term debt credit ratings were not affected by the changes in the credit environment .", "we monitor the financial strength of our third-party financial institutions , including those that hold our cash and cash equivalents as well as those who serve as counterparties to our credit facilities , our derivative financial instruments , and other arrangements .", "we are in compliance with all covenants as of december 29 , 2012 .", "we continue to believe that we will be able to meet our interest and principal repayment obligations and maintain our debt covenants for the foreseeable future , while still meeting our operational needs , including the pursuit of selected bolt-on acquisitions .", "this will be accomplished through our strong cash flow , our short- term borrowings , and our maintenance of credit facilities on a global basis. ." ]

[ [ "(dollars in millions)", "2012", "2011", "2010" ], [ "Net cash provided by operating activities", "$1,758", "$1,595", "$1,008" ], [ "Additions to properties", "(533)", "(594)", "(474)" ], [ "Cash flow", "$1,225", "$1,001", "$534" ], [ "<i>year-over-year change</i>", "22.4%", "87.5%", "" ] ]

[ [ "( dollars in millions )", "2012", "2011", "2010" ], [ "net cash provided by operating activities", "$ 1758", "$ 1595", "$ 1008" ], [ "additions to properties", "-533 ( 533 )", "-594 ( 594 )", "-474 ( 474 )" ], [ "cash flow", "$ 1225", "$ 1001", "$ 534" ], [ "year-over-year change", "22.4% ( 22.4 % )", "87.5% ( 87.5 % )", "" ] ]

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[ "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" ] ]

[ { "arg1": "189", "arg2": "201", "op": "minus2-1", "res": "-12" }, { "arg1": "#0", "arg2": "201", "op": "divide2-2", "res": "-6%" } ]

[ "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" ] ]

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[ "skyworks solutions , inc .", "notes to consolidated financial statements 2014 ( continued ) maintained a valuation allowance of $ 47.0 million .", "this valuation allowance is comprised of $ 33.6 million related to u.s .", "state tax credits , of which $ 3.6 million are state tax credits acquired from aati in fiscal year 2012 , and $ 13.4 million related to foreign deferred tax assets .", "if these benefits are recognized in a future period the valuation allowance on deferred tax assets will be reversed and up to a $ 46.6 million income tax benefit , and up to a $ 0.4 million reduction to goodwill may be recognized .", "the company will need to generate $ 209.0 million of future united states federal taxable income to utilize our united states deferred tax assets as of september 28 , 2012 .", "deferred tax assets are recognized for foreign operations when management believes it is more likely than not that the deferred tax assets will be recovered during the carry forward period .", "the company will continue to assess its valuation allowance in future periods .", "as of september 28 , 2012 , the company has united states federal net operating loss carry forwards of approximately $ 74.3 million , including $ 29.5 million related to the acquisition of sige , which will expire at various dates through 2030 and $ 28.1 million related to the acquisition of aati , which will expire at various dates through 2031 .", "the utilization of these net operating losses is subject to certain annual limitations as required under internal revenue code section 382 and similar state income tax provisions .", "the company also has united states federal income tax credit carry forwards of $ 37.8 million , of which $ 30.4 million of federal income tax credit carry forwards have not been recorded as a deferred tax asset .", "the company also has state income tax credit carry forwards of $ 33.6 million , for which the company has provided a valuation allowance .", "the united states federal tax credits expire at various dates through 2032 .", "the state tax credits relate primarily to california research tax credits which can be carried forward indefinitely .", "the company has continued to expand its operations and increase its investments in numerous international jurisdictions .", "these activities will increase the company 2019s earnings attributable to foreign jurisdictions .", "as of september 28 , 2012 , no provision has been made for united states federal , state , or additional foreign income taxes related to approximately $ 371.5 million of undistributed earnings of foreign subsidiaries which have been or are intended to be permanently reinvested .", "it is not practicable to determine the united states federal income tax liability , if any , which would be payable if such earnings were not permanently reinvested .", "the company 2019s gross unrecognized tax benefits totaled $ 52.4 million and $ 32.1 million as of september 28 , 2012 and september 30 , 2011 , respectively .", "of the total unrecognized tax benefits at september 28 , 2012 , $ 38.8 million would impact the effective tax rate , if recognized .", "the remaining unrecognized tax benefits would not impact the effective tax rate , if recognized , due to the company 2019s valuation allowance and certain positions which were required to be capitalized .", "there are no positions which the company anticipates could change within the next twelve months .", "a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : unrecognized tax benefits ." ]

[ "page 114 annual report ." ]

[ [ "", "Unrecognized tax benefits" ], [ "Balance at September 30, 2011", "$32,136" ], [ "Increases based on positions related to prior years", "9,004" ], [ "Increases based on positions related to current year", "11,265" ], [ "Decreases relating to settlements with taxing authorities", "—" ], [ "Decreases relating to lapses of applicable statutes of limitations", "(25)" ], [ "Balance at September 28, 2012", "$52,380" ] ]

[ [ "", "unrecognized tax benefits" ], [ "balance at september 30 2011", "$ 32136" ], [ "increases based on positions related to prior years", "9004" ], [ "increases based on positions related to current year", "11265" ], [ "decreases relating to settlements with taxing authorities", "2014" ], [ "decreases relating to lapses of applicable statutes of limitations", "-25 ( 25 )" ], [ "balance at september 28 2012", "$ 52380" ] ]

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[ "management 2019s discussion and analysis 130 jpmorgan chase & co./2013 annual report wholesale credit portfolio the wholesale credit environment remained favorable throughout 2013 driving an increase in commercial client activity .", "discipline in underwriting across all areas of lending continues to remain a key point of focus , consistent with evolving market conditions and the firm 2019s risk management activities .", "the wholesale portfolio is actively managed , in part by conducting ongoing , in-depth reviews of credit quality and of industry , product and client concentrations .", "during the year , wholesale criticized assets and nonperforming assets decreased from higher levels experienced in 2012 , including a reduction in nonaccrual loans by 39% ( 39 % ) .", "as of december 31 , 2013 , wholesale exposure ( primarily cib , cb and am ) increased by $ 13.7 billion from december 31 , 2012 , primarily driven by increases of $ 11.4 billion in lending-related commitments and $ 8.4 billion in loans reflecting increased client activity primarily in cb and am .", "these increases were partially offset by a $ 9.2 billion decrease in derivative receivables .", "derivative receivables decreased predominantly due to reductions in interest rate derivatives driven by an increase in interest rates and reductions in commodity derivatives due to market movements .", "the decreases were partially offset by an increase in equity derivatives driven by a rise in equity markets .", "wholesale credit portfolio december 31 , credit exposure nonperforming ( d ) ." ]

[ "receivables from customers and other ( b ) 26744 23648 2014 2014 total wholesale credit- related assets 414067 411814 1459 1956 lending-related commitments 446232 434814 206 355 total wholesale credit exposure $ 860299 $ 846628 $ 1665 $ 2311 credit portfolio management derivatives notional , net ( c ) $ ( 27996 ) $ ( 27447 ) $ ( 5 ) $ ( 25 ) liquid securities and other cash collateral held against derivatives ( 14435 ) ( 15201 ) na na ( a ) during 2013 , certain loans that resulted from restructurings that were previously classified as performing were reclassified as nonperforming loans .", "prior periods were revised to conform with the current presentation .", "( b ) receivables from customers and other primarily includes margin loans to prime and retail brokerage customers ; these are classified in accrued interest and accounts receivable on the consolidated balance sheets .", "( c ) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures ; these derivatives do not qualify for hedge accounting under u.s .", "gaap .", "excludes the synthetic credit portfolio .", "for additional information , see credit derivatives on pages 137 2013138 , and note 6 on pages 220 2013233 of this annual report .", "( d ) excludes assets acquired in loan satisfactions. ." ]

[ [ "December 31,", "Credit exposure", "Nonperforming^(d)" ], [ "(in millions)", "2013", "2012", "2013", "2012" ], [ "Loans retained", "$308,263", "$306,222", "$821", "$1,434" ], [ "Loans held-for-sale", "11,290", "4,406", "26", "18" ], [ "Loans at fair value^(a)", "2,011", "2,555", "197", "265" ], [ "Loans – reported", "321,564", "313,183", "1,044", "1,717" ], [ "Derivative receivables", "65,759", "74,983", "415", "239" ], [ "Receivables from customers and other^(b)", "26,744", "23,648", "—", "—" ], [ "Total wholesale credit-related assets", "414,067", "411,814", "1,459", "1,956" ], [ "Lending-related commitments", "446,232", "434,814", "206", "355" ], [ "Total wholesale credit exposure", "$860,299", "$846,628", "$1,665", "$2,311" ], [ "Credit Portfolio Management derivatives notional, net^(c)", "$(27,996)", "$(27,447)", "$(5)", "$(25)" ], [ "Liquid securities and other cash collateral held against derivatives", "(14,435)", "(15,201)", "NA", "NA" ] ]

[ [ "december 31 , ( in millions )", "december 31 , 2013", "december 31 , 2012", "2013", "2012" ], [ "loans retained", "$ 308263", "$ 306222", "$ 821", "$ 1434" ], [ "loans held-for-sale", "11290", "4406", "26", "18" ], [ "loans at fair value ( a )", "2011", "2555", "197", "265" ], [ "loans 2013 reported", "321564", "313183", "1044", "1717" ], [ "derivative receivables", "65759", "74983", "415", "239" ], [ "receivables from customers and other ( b )", "26744", "23648", "2014", "2014" ], [ "total wholesale credit-related assets", "414067", "411814", "1459", "1956" ], [ "lending-related commitments", "446232", "434814", "206", "355" ], [ "total wholesale credit exposure", "$ 860299", "$ 846628", "$ 1665", "$ 2311" ], [ "credit portfolio management derivatives notional net ( c )", "$ -27996 ( 27996 )", "$ -27447 ( 27447 )", "$ -5 ( 5 )", "$ -25 ( 25 )" ], [ "liquid securities and other cash collateral held against derivatives", "-14435 ( 14435 )", "-15201 ( 15201 )", "na", "na" ] ]

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[ "stock performance graph the following graph compares the most recent five-year performance of alcoa 2019s common stock with ( 1 ) the standard & poor 2019s 500 ae index and ( 2 ) the standard & poor 2019s 500 ae materials index , a group of 27 companies categorized by standard & poor 2019s as active in the 201cmaterials 201d market sector .", "such information shall not be deemed to be 201cfiled . 201d five-year cumulative total return based upon an initial investment of $ 100 on december 31 , 2010 with dividends reinvested alcoa inc .", "s&p 500 ae index s&p 500 ae materials index dec-'10 dec-'11 dec-'12 dec-'14 dec-'15dec-'13 ." ]

[ "s&p 500 ae index 100 102 118 157 178 181 s&p 500 ae materials index 100 90 104 130 139 128 copyright a9 2016 standard & poor 2019s , a division of the mcgraw-hill companies inc .", "all rights reserved .", "source : research data group , inc .", "( www.researchdatagroup.com/s&p.htm ) ." ]

[ [ "As of December 31,", "2010", "2011", "2012", "2013", "2014", "2015" ], [ "AlcoaInc.", "$100", "$57", "$58", "$72", "$107", "$68" ], [ "S&P 500^®Index", "100", "102", "118", "157", "178", "181" ], [ "S&P 500^®Materials Index", "100", "90", "104", "130", "139", "128" ] ]

[ [ "as of december 31,", "2010", "2011", "2012", "2013", "2014", "2015" ], [ "alcoainc .", "$ 100", "$ 57", "$ 58", "$ 72", "$ 107", "$ 68" ], [ "s&p 500 aeindex", "100", "102", "118", "157", "178", "181" ], [ "s&p 500 aematerials index", "100", "90", "104", "130", "139", "128" ] ]

[ { "arg1": "107", "arg2": "72", "op": "divide1-1", "res": "1.486" }, { "arg1": "#0", "arg2": "const_1", "op": "minus1-2", "res": "48.6%" } ]

[ "the goldman sachs group , inc .", "and subsidiaries notes to consolidated financial statements in connection with the firm 2019s prime brokerage and clearing businesses , the firm agrees to clear and settle on behalf of its clients the transactions entered into by them with other brokerage firms .", "the firm 2019s obligations in respect of such transactions are secured by the assets in the client 2019s account as well as any proceeds received from the transactions cleared and settled by the firm on behalf of the client .", "in connection with joint venture investments , the firm may issue loan guarantees under which it may be liable in the event of fraud , misappropriation , environmental liabilities and certain other matters involving the borrower .", "the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications .", "however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 .", "other representations , warranties and indemnifications .", "the firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties .", "the firm may also provide indemnifications protecting against changes in or adverse application of certain u.s .", "tax laws in connection with ordinary-course transactions such as securities issuances , borrowings or derivatives .", "in addition , the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld , due either to a change in or an adverse application of certain non-u.s .", "tax laws .", "these indemnifications generally are standard contractual terms and are entered into in the ordinary course of business .", "generally , there are no stated or notional amounts included in these indemnifications , and the contingencies triggering the obligation to indemnify are not expected to occur .", "the firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications .", "however , management believes that it is unlikely the firm will have to make any material payments under these arrangements , and no material liabilities related to these arrangements have been recognized in the consolidated statements of financial condition as of december 2016 and december 2015 .", "guarantees of subsidiaries .", "group inc .", "fully and unconditionally guarantees the securities issued by gs finance corp. , a wholly-owned finance subsidiary of the group inc .", "has guaranteed the payment obligations of goldman , sachs & co .", "( gs&co. ) and gs bank usa , subject to certain exceptions .", "in addition , group inc .", "guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by- transaction basis , as negotiated with counterparties .", "group inc .", "is unable to develop an estimate of the maximum payout under its subsidiary guarantees ; however , because these guaranteed obligations are also obligations of consolidated subsidiaries , group inc . 2019s liabilities as guarantor are not separately disclosed .", "note 19 .", "shareholders 2019 equity common equity dividends declared per common share were $ 2.60 in 2016 , $ 2.55 in 2015 and $ 2.25 in 2014 .", "on january 17 , 2017 , group inc .", "declared a dividend of $ 0.65 per common share to be paid on march 30 , 2017 to common shareholders of record on march 2 , 2017 .", "the firm 2019s share repurchase program is intended to help maintain the appropriate level of common equity .", "the share repurchase program is effected primarily through regular open-market purchases ( which may include repurchase plans designed to comply with rule 10b5-1 ) , the amounts and timing of which are determined primarily by the firm 2019s current and projected capital position , but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm 2019s common stock .", "prior to repurchasing common stock , the firm must receive confirmation that the federal reserve board does not object to such capital actions .", "the table below presents the amount of common stock repurchased by the firm under the share repurchase program. ." ]

[ "172 goldman sachs 2016 form 10-k ." ]

[ [ "", "Year Ended December" ], [ "<i>in millions, except per share amounts</i>", "2016", "2015", "2014" ], [ "Common share repurchases", "36.6", "22.1", "31.8" ], [ "Average cost per share", "$165.88", "$189.41", "$171.79" ], [ "Total cost of common share repurchases", "$ 6,069", "$ 4,195", "$ 5,469" ] ]

[ [ "in millions except per share amounts", "year ended december 2016", "year ended december 2015", "year ended december 2014" ], [ "common share repurchases", "36.6", "22.1", "31.8" ], [ "average cost per share", "$ 165.88", "$ 189.41", "$ 171.79" ], [ "total cost of common share repurchases", "$ 6069", "$ 4195", "$ 5469" ] ]

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

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

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

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

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[ "under the terms of the ansys , inc .", "long-term incentive plan , in the first quarter of 2012 , 2011 and 2010 , the company granted 100000 , 92500 and 80500 performance-based restricted stock units , respectively .", "vesting of the full award or a portion thereof is based on the company 2019s performance as measured by total shareholder return relative to the median percentage appreciation of the nasdaq composite index over a specified measurement period , subject to each participant 2019s continued employment with the company through the conclusion of the measurement period .", "the measurement period for the restricted stock units granted pursuant to the long-term incentive plan is a three-year period beginning january 1 of the year of the grant .", "each restricted stock unit relates to one share of the company 2019s common stock .", "the value of each restricted stock unit granted in 2012 , 2011 and 2010 was estimated on the grant date to be $ 33.16 , $ 32.05 and $ 25.00 , respectively .", "the estimate of the grant-date value of the restricted stock units was made using a monte carlo simulation model .", "the determination of the fair value of the awards was affected by the grant date and a number of variables , each of which has been identified in the chart below .", "share-based compensation expense based on the fair value of the award is being recorded from the grant date through the conclusion of the three-year measurement period .", "on december 31 , 2012 , employees earned 76500 restricted stock units , which will be issued in the first quarter of 2013 .", "total compensation expense associated with the awards recorded for the years ended december 31 , 2012 , 2011 and 2010 was $ 2.6 million , $ 1.6 million and $ 590000 , respectively .", "total compensation expense associated with the awards granted for the years ending december 31 , 2013 and 2014 is expected to be $ 2.2 million and $ 1.2 million , respectively. ." ]

[ "in accordance with the merger agreement , the company granted performance-based restricted stock units to key members of apache management and employees , with a maximum value of $ 13.0 million to be earned annually over a three-fiscal-year period beginning january 1 , 2012 .", "additional details regarding these awards are provided within note 3 .", "14 .", "stock repurchase program in february 2012 , ansys announced that its board of directors approved an increase to its authorized stock repurchase program .", "under the company 2019s stock repurchase program , ansys repurchased 1.5 million shares during the year ended december 31 , 2012 at an average price per share of $ 63.65 , for a total cost of $ 95.5 million .", "during the year ended december 31 , 2011 , the company repurchased 247443 shares at an average price per share of $ 51.34 , for a total cost of $ 12.7 million .", "as of december 31 , 2012 , 1.5 million shares remained authorized for repurchase under the program .", "15 .", "employee stock purchase plan the company 2019s 1996 employee stock purchase plan ( the 201cpurchase plan 201d ) was adopted by the board of directors on april 19 , 1996 and was subsequently approved by the company 2019s stockholders .", "the stockholders approved an amendment to the purchase plan on may 6 , 2004 to increase the number of shares available for offerings to 1.6 million shares .", "the purchase plan was amended and restated in 2007 .", "the purchase plan is administered by the compensation committee .", "offerings under the purchase plan commence on each february 1 and august 1 , and have a duration of six months .", "an employee who owns or is deemed to own shares of stock representing in excess of 5% ( 5 % ) of the combined voting power of all classes of stock of the company may not participate in the purchase plan .", "during each offering , an eligible employee may purchase shares under the purchase plan by authorizing payroll deductions of up to 10% ( 10 % ) of his or her cash compensation during the offering period .", "the maximum number of shares that may be purchased by any participating employee during any offering period is limited to 3840 shares ( as adjusted by the compensation committee from time to time ) .", "unless the employee has previously withdrawn from the offering , his accumulated payroll deductions will be used to purchase common stock on the last business day of the period at a price equal to 90% ( 90 % ) of the fair market value of the common stock on the first or last day of the offering period , whichever is lower .", "under applicable tax rules , an employee may purchase no more than $ 25000 worth of common stock in any calendar year .", "at december 31 , 2012 , 1233385 shares of common stock had been issued under the purchase plan , of which 1184082 were issued as of december 31 , 2011 .", "the total compensation expense recorded under the purchase plan during the years ended december 31 , 2012 , 2011 and 2010 was $ 710000 , $ 650000 and $ 500000 , respectively .", "table of contents ." ]

[ [ "", "Year Ended December 31," ], [ "Assumption used in Monte Carlo lattice pricing model", "2012", "2011 and 2010" ], [ "Risk-free interest rate", "0.16%", "1.35%" ], [ "Expected dividend yield", "0%", "0%" ], [ "Expected volatility—ANSYS Stock Price", "28%", "40%" ], [ "Expected volatility—NASDAQ Composite Index", "20%", "25%" ], [ "Expected term", "2.80", "2.90" ], [ "Correlation factor", "0.75", "0.70" ] ]

[ [ "assumption used in monte carlo lattice pricing model", "year ended december 31 , 2012", "year ended december 31 , 2011 and 2010" ], [ "risk-free interest rate", "0.16% ( 0.16 % )", "1.35% ( 1.35 % )" ], [ "expected dividend yield", "0% ( 0 % )", "0% ( 0 % )" ], [ "expected volatility 2014ansys stock price", "28% ( 28 % )", "40% ( 40 % )" ], [ "expected volatility 2014nasdaq composite index", "20% ( 20 % )", "25% ( 25 % )" ], [ "expected term", "2.80", "2.90" ], [ "correlation factor", "0.75", "0.70" ] ]

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

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

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

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

[]

[ "after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the personnel committee set the entergy achievement multiplier at 140% ( 140 % ) of target .", "under the terms of the executive incentive plan , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive ( including mr .", "denault and mr .", "smith , but not the other named executive officers ) , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether .", "in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee , through the exercise of negative discretion , a mechanism to take into consideration the specific achievement factors relating to the overall performance of entergy corporation .", "in january 2009 , the committee exercised its negative discretion to eliminate the management effectiveness factor , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management .", "the annual incentive award for the named executive officers ( other than mr .", "leonard , mr .", "denault and mr .", "smith ) is awarded from an incentive pool approved by the committee .", "from this pool , each named executive officer's supervisor determines the annual incentive payment based on the entergy achievement multiplier .", "the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance .", "the incentive awards are subject to the ultimate approval of entergy's chief executive officer .", "the following table shows the executive and management incentive plans payments as a percentage of base salary for 2008 : named exeutive officer target percentage base salary 2008 annual incentive award ." ]

[ "while ms .", "shanks and mr .", "lewis are no longer ceo-entergy mississippi and principal financial officer for the subsidiaries , respectively , ms .", "shanks continues to participate in the executive incentive plan , and mr .", "lewis continues to participate in the management incentive plan as they remain employees of entergy since the contemplated enexus separation has not occurred and enexus remains a subsidiary of entergy .", "nuclear retention plan some of entergy's executives , but not any of the named executive officers , participate in a special retention plan for officers and other leaders with special expertise in the nuclear industry .", "the committee authorized the plan to attract and retain management talent in the nuclear power field , a field which requires unique technical and other expertise that is in great demand in the utility industry .", "the plan provides for bonuses to be paid over a three-year employment period .", "subject to continued employment with a participating company , a participating employee is eligible to receive a special cash bonus consisting of three payments , each consisting of an amount from 15% ( 15 % ) to 30% ( 30 % ) of such participant's base salary. ." ]

[ [ "Named Exeutive Officer", "Target", "Percentage Base Salary", "2008 Annual Incentive Award" ], [ "J. Wayne Leonard", "120%", "168%", "$2,169,720" ], [ "Leo P. Denault", "70%", "98%", "$617,400" ], [ "Richard J. Smith", "70%", "98%", "$632,100" ], [ "E. Renae Conley", "60%", "102%", "$415,000" ], [ "Hugh T. McDonald", "50%", "50%", "$160,500" ], [ "Joseph F. Domino", "50%", "72%", "$230,000" ], [ "Roderick K. West", "40%", "80%", "$252,000" ], [ "Haley Fisackerly", "40%", "46%", "$125,700" ], [ "Theodore H. Bunting, Jr.", "60%", "117%", "$400,023" ], [ "Carolyn Shanks", "50%", "72%", "$229,134" ], [ "Jay A. Lewis", "40%", "60%", "$128,505" ] ]

[ [ "named exeutive officer", "target", "percentage base salary", "2008 annual incentive award" ], [ "j . wayne leonard", "120% ( 120 % )", "168% ( 168 % )", "$ 2169720" ], [ "leo p . denault", "70% ( 70 % )", "98% ( 98 % )", "$ 617400" ], [ "richard j . smith", "70% ( 70 % )", "98% ( 98 % )", "$ 632100" ], [ "e . renae conley", "60% ( 60 % )", "102% ( 102 % )", "$ 415000" ], [ "hugh t . mcdonald", "50% ( 50 % )", "50% ( 50 % )", "$ 160500" ], [ "joseph f . domino", "50% ( 50 % )", "72% ( 72 % )", "$ 230000" ], [ "roderick k . west", "40% ( 40 % )", "80% ( 80 % )", "$ 252000" ], [ "haley fisackerly", "40% ( 40 % )", "46% ( 46 % )", "$ 125700" ], [ "theodore h . bunting jr .", "60% ( 60 % )", "117% ( 117 % )", "$ 400023" ], [ "carolyn shanks", "50% ( 50 % )", "72% ( 72 % )", "$ 229134" ], [ "jay a . lewis", "40% ( 40 % )", "60% ( 60 % )", "$ 128505" ] ]

[]

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

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

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

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

[ { "arg1": "8.6", "arg2": "6.1", "op": "minus1-1", "res": "2.5" }, { "arg1": "#0", "arg2": "6.1", "op": "divide1-2", "res": "41.0%" } ]

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

[ "." ]

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

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

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[ "secured financing is primarily conducted through citi 2019s broker-dealer subsidiaries to facilitate customer matched-book activity and to efficiently fund a portion of the trading inventory .", "secured financing appears as a liability on citi 2019s consolidated balance sheet ( 201csecurities loaned or sold under agreements to repurchase 201d ) .", "as of december 31 , 2010 , secured financing was $ 189.6 billion and averaged approximately $ 207 billion during the quarter ended december 31 , 2010 .", "secured financing at december 31 , 2010 increased by $ 35 billion from $ 154.3 billion at december 31 , 2009 .", "during the same period , reverse repos and securities borrowing increased by $ 25 billion .", "the majority of secured financing is collateralized by highly liquid government , government-backed and government agency securities .", "this collateral comes primarily from citi 2019s trading assets and its secured lending , and is part of citi 2019s client matched-book activity given that citi both borrows and lends similar asset types on a secured basis .", "the minority of secured financing is collateralized by less liquid collateral , and supports both citi 2019s trading assets as well as the business of secured lending to customers , which is also part of citi 2019s client matched-book activity .", "the less liquid secured borrowing is carefully calibrated by asset quality , tenor and counterparty exposure , including those that might be sensitive to ratings stresses , in order to increase the reliability of the funding .", "citi believes there are several potential mitigants available to it in the event of stress on the secured financing markets for less liquid collateral .", "citi 2019s significant liquidity resources in its non-bank entities as of december 31 , 2010 , supplemented by collateralized liquidity transfers between entities , provide a cushion .", "within the matched-book activity , the secured lending positions , which are carefully managed in terms of collateral and tenor , could be unwound to provide additional liquidity under stress .", "citi also has excess funding capacity for less liquid collateral with existing counterparties that can be accessed during potential dislocation .", "in addition , citi has the ability to adjust the size of select trading books to provide further mitigation .", "at december 31 , 2010 , commercial paper outstanding for citigroup 2019s non- bank entities and bank subsidiaries , respectively , was as follows : in billions of dollars non-bank bank ( 1 ) citigroup ." ]

[ "( 1 ) includes $ 15 billion of commercial paper related to vies consolidated effective january 1 , 2010 with the adoption of sfas 166/167 .", "other short-term borrowings of approximately $ 54 billion ( as set forth in the secured financing and short-term borrowings table above ) include $ 42.4 billion of borrowings from banks and other market participants , which includes borrowings from the federal home loan banks .", "this represented a decrease of approximately $ 11 billion as compared to year-end 2009 .", "the average balance of borrowings from banks and other market participants for the quarter ended december 31 , 2010 was approximately $ 43 billion .", "other short-term borrowings also include $ 11.7 billion of broker borrowings at december 31 , 2010 , which averaged approximately $ 13 billion for the quarter ended december 31 , 2010 .", "see notes 12 and 19 to the consolidated financial statements for further information on citigroup 2019s and its affiliates 2019 outstanding long-term debt and short-term borrowings .", "liquidity transfer between entities liquidity is generally transferable within the non-bank , subject to regulatory restrictions ( if any ) and standard legal terms .", "similarly , the non-bank can generally transfer excess liquidity into citi 2019s bank subsidiaries , such as citibank , n.a .", "in addition , citigroup 2019s bank subsidiaries , including citibank , n.a. , can lend to the citigroup parent and broker-dealer in accordance with section 23a of the federal reserve act .", "as of december 31 , 2010 , the amount available for lending under section 23a was approximately $ 26.6 billion , provided the funds are collateralized appropriately. ." ]

[ [ "In billions of dollars", "Non-bank", "Bank", "(1)", "Total Citigroup" ], [ "Commercial paper", "$9.7", "$15.0", "", "$24.7" ] ]

[ [ "in billions of dollars", "non-bank", "bank", "-1 ( 1 )", "total citigroup" ], [ "commercial paper", "$ 9.7", "$ 15.0", "", "$ 24.7" ] ]

[]

[ "item 7a .", "quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .", "from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .", "derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .", "interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .", "the majority of our debt ( approximately 94% ( 94 % ) and 93% ( 93 % ) as of december 31 , 2017 and 2016 , respectively ) bears interest at fixed rates .", "we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .", "the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .", "increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates ." ]

[ "we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .", "we did not have any interest rate swaps outstanding as of december 31 , 2017 .", "we had $ 791.0 of cash , cash equivalents and marketable securities as of december 31 , 2017 that we generally invest in conservative , short-term bank deposits or securities .", "the interest income generated from these investments is subject to both domestic and foreign interest rate movements .", "during 2017 and 2016 , we had interest income of $ 19.4 and $ 20.1 , respectively .", "based on our 2017 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 7.9 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2017 levels .", "foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .", "since we report revenues and expenses in u.s .", "dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .", "dollars ) from foreign operations .", "the foreign currencies that most impacted our results during 2017 included the british pound sterling and , to a lesser extent , brazilian real and south african rand .", "based on 2017 exchange rates and operating results , if the u.s .", "dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2017 levels .", "the functional currency of our foreign operations is generally their respective local currency .", "assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .", "the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .", "our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .", "however , certain subsidiaries may enter into transactions in currencies other than their functional currency .", "assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .", "currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .", "we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures .", "we do not enter into foreign exchange contracts or other derivatives for speculative purposes. ." ]

[ [ "", "Increase/(Decrease)in Fair Market Value" ], [ "As of December 31,", "10% Increasein Interest Rates", "10% Decreasein Interest Rates" ], [ "2017", "$(20.2)", "$20.6" ], [ "2016", "(26.3)", "26.9" ] ]

[ [ "as of december 31,", "increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates", "increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates" ], [ "2017", "$ -20.2 ( 20.2 )", "$ 20.6" ], [ "2016", "-26.3 ( 26.3 )", "26.9" ] ]

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[ "income tax expense ." ]

[ "operating income ( 1 ) $ 5272 $ 4570 $ 4664 $ 5287 $ 4674 $ 4695 total nonoperating income ( expense ) ( 1 ) ( 2 ) ( 32 ) ( 108 ) ( 69 ) ( 32 ) ( 108 ) ( 70 ) income before income taxes ( 2 ) $ 5240 $ 4462 $ 4595 $ 5255 $ 4566 $ 4625 income tax expense ( 3 ) $ 270 $ 1290 $ 1250 $ 1539 $ 1352 $ 1312 effective tax rate ( 3 ) 5.2% ( 5.2 % ) 28.9% ( 28.9 % ) 27.2% ( 27.2 % ) 29.3% ( 29.3 % ) 29.6% ( 29.6 % ) 28.4% ( 28.4 % ) ( 1 ) see non-gaap financial measures for further information on and reconciliation of as adjusted items .", "( 2 ) net of net income ( loss ) attributable to nci .", "( 3 ) gaap income tax expense and effective tax rate for 2017 reflects $ 1.2 billion of a net tax benefit related to the 2017 tax act .", "the company 2019s tax rate is affected by tax rates in foreign jurisdictions and the relative amount of income earned in those jurisdictions , which the company expects to be fairly consistent in the near term .", "the significant foreign jurisdictions that have lower statutory tax rates than the u.s .", "federal statutory rate of 35% ( 35 % ) include the united kingdom , channel islands , ireland and netherlands .", "2017 .", "income tax expense ( gaap ) reflected : 2022 the following amounts related to the 2017 tax act : 2022 $ 106 million tax expense related to the revaluation of certain deferred income tax assets ; 2022 $ 1758 million noncash tax benefit related to the revaluation of certain deferred income tax liabilities ; 2022 $ 477 million tax expense related to the mandatory deemed repatriation of undistributed foreign earnings and profits .", "2022 a noncash expense of $ 16 million , primarily associated with the revaluation of certain deferred income tax liabilities as a result of domestic state and local tax changes ; and 2022 $ 173 million discrete tax benefits , primarily related to stock-based compensation awards , including $ 151 million related to the adoption of new accounting guidance related to stock-based compensation awards .", "see note 2 , significant accounting policies , for further information .", "the as adjusted effective tax rate of 29.3% ( 29.3 % ) for 2017 excluded the noncash deferred tax revaluation benefit of $ 1758 million and noncash expense of $ 16 million mentioned above as it will not have a cash flow impact and to ensure comparability among periods presented .", "in addition , the deemed repatriation tax expense of $ 477 million has been excluded from the as adjusted results due to the one-time nature and to ensure comparability among periods presented .", "2016 .", "income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 30 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 65 million of nonrecurring items , including the resolution of certain outstanding tax matters .", "the as adjusted effective tax rate of 29.6% ( 29.6 % ) for 2016 excluded the net noncash benefit of $ 30 million mentioned above as it will not have a cash flow impact and to ensure comparability among periods presented .", "2015 .", "income tax expense ( gaap ) reflected : 2022 a net noncash benefit of $ 54 million , primarily associated with the revaluation of certain deferred income tax liabilities ; and 2022 a benefit from $ 75 million of nonrecurring items , primarily due to the realization of losses from changes in the company 2019s organizational tax structure and the resolution of certain outstanding tax matters .", "the as adjusted effective tax rate of 28.4% ( 28.4 % ) for 2015 excluded the net noncash benefit of $ 54 million mentioned above , as it will not have a cash flow impact and to ensure comparability among periods presented .", "balance sheet overview as adjusted balance sheet the following table presents a reconciliation of the consolidated statement of financial condition presented on a gaap basis to the consolidated statement of financial condition , excluding the impact of separate account assets and separate account collateral held under securities lending agreements ( directly related to lending separate account securities ) and separate account liabilities and separate account collateral liabilities under securities lending agreements and consolidated sponsored investment funds , including consolidated vies .", "the company presents the as adjusted balance sheet as additional information to enable investors to exclude certain assets that have equal and offsetting liabilities or noncontrolling interests that ultimately do not have an impact on stockholders 2019 equity or cash flows .", "management views the as adjusted balance sheet , which contains non-gaap financial measures , as an economic presentation of the company 2019s total assets and liabilities ; however , it does not advocate that investors consider such non-gaap financial measures in isolation from , or as a substitute for , financial information prepared in accordance with gaap .", "separate account assets and liabilities and separate account collateral held under securities lending agreements separate account assets are maintained by blackrock life limited , a wholly owned subsidiary of the company that is a registered life insurance company in the united kingdom , and represent segregated assets held for purposes of funding individual and group pension contracts .", "the ." ]

[ [ "", "GAAP", "As adjusted" ], [ "(in millions)", "2017", "2016", "2015", "2017", "2016", "2015" ], [ "Operating income⁽¹⁾", "$5,272", "$4,570", "$4,664", "$5,287", "$4,674", "$4,695" ], [ "Total nonoperating income (expense)⁽¹⁾⁽²⁾", "(32)", "(108)", "(69)", "(32)", "(108)", "(70)" ], [ "Income before income taxes⁽²⁾", "$5,240", "$4,462", "$4,595", "$5,255", "$4,566", "$4,625" ], [ "Income tax expense⁽³⁾", "$270", "$1,290", "$1,250", "$1,539", "$1,352", "$1,312" ], [ "Effective tax rate⁽³⁾", "5.2%", "28.9%", "27.2%", "29.3%", "29.6%", "28.4%" ] ]

[ [ "( in millions )", "gaap 2017", "gaap 2016", "gaap 2015", "gaap 2017", "gaap 2016", "2015" ], [ "operating income ( 1 )", "$ 5272", "$ 4570", "$ 4664", "$ 5287", "$ 4674", "$ 4695" ], [ "total nonoperating income ( expense ) ( 1 ) ( 2 )", "-32 ( 32 )", "-108 ( 108 )", "-69 ( 69 )", "-32 ( 32 )", "-108 ( 108 )", "-70 ( 70 )" ], [ "income before income taxes ( 2 )", "$ 5240", "$ 4462", "$ 4595", "$ 5255", "$ 4566", "$ 4625" ], [ "income tax expense ( 3 )", "$ 270", "$ 1290", "$ 1250", "$ 1539", "$ 1352", "$ 1312" ], [ "effective tax rate ( 3 )", "5.2% ( 5.2 % )", "28.9% ( 28.9 % )", "27.2% ( 27.2 % )", "29.3% ( 29.3 % )", "29.6% ( 29.6 % )", "28.4% ( 28.4 % )" ] ]

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[ "34| | duke realty corporation annual report 2009 property investment we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential .", "our ability to make future property investments is dependent upon our continued access to our longer-term sources of liquidity including the issuances of debt or equity securities as well as generating cash flow by disposing of selected properties .", "in light of current economic conditions , management continues to evaluate our investment priorities and is focused on accretive growth .", "we have continued to operate at a substantially reduced level of new development activity , as compared to recent years , and are focused on the core operations of our existing base of properties .", "recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments .", "the following is a summary of our recurring capital expenditures for the years ended december 31 , 2009 , 2008 and 2007 , respectively ( in thousands ) : dividends and distributions we are required to meet the distribution requirements of the internal revenue code of 1986 , as amended ( the 201ccode 201d ) , in order to maintain our reit status .", "because depreciation and impairments are non-cash expenses , cash flow will typically be greater than operating income .", "we paid dividends per share of $ 0.76 , $ 1.93 and $ 1.91 for the years ended december 31 , 2009 , 2008 and 2007 , respectively .", "we expect to continue to distribute at least an amount equal to our taxable earnings , to meet the requirements to maintain our reit status , and additional amounts as determined by our board of directors .", "distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant .", "at december 31 , 2009 we had six series of preferred shares outstanding .", "the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 8.375% ( 8.375 % ) and are paid in arrears quarterly. ." ]

[ "." ]

[ [ "", "2009", "2008", "2007" ], [ "Recurring tenant improvements", "$29,321", "$36,885", "$45,296" ], [ "Recurring leasing costs", "40,412", "28,205", "32,238" ], [ "Building improvements", "9,321", "9,724", "8,402" ], [ "Totals", "$79,054", "$74,814", "$85,936" ] ]

[ [ "", "2009", "2008", "2007" ], [ "recurring tenant improvements", "$ 29321", "$ 36885", "$ 45296" ], [ "recurring leasing costs", "40412", "28205", "32238" ], [ "building improvements", "9321", "9724", "8402" ], [ "totals", "$ 79054", "$ 74814", "$ 85936" ] ]

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[ "on the underlying exposure .", "for derivative contracts that are designated and qualify as cash fl ow hedges , the effective portion of gains and losses on these contracts is reported as a component of other comprehensive income and reclassifi ed into earnings in the same period the hedged transaction affects earnings .", "hedge ineffectiveness is immediately recognized in earnings .", "derivative contracts that are not designated as hedging instruments are recorded at fair value with the gain or loss recognized in current earnings during the period of change .", "we may enter into foreign currency forward and option contracts to reduce the effect of fl uctuating currency exchange rates ( principally the euro , the british pound , and the japanese yen ) .", "foreign currency derivatives used for hedging are put in place using the same or like currencies and duration as the underlying exposures .", "forward contracts are principally used to manage exposures arising from subsidiary trade and loan payables and receivables denominated in foreign currencies .", "these contracts are recorded at fair value with the gain or loss recognized in other 2014net .", "the purchased option contracts are used to hedge anticipated foreign currency transactions , primarily intercompany inventory activities expected to occur within the next year .", "these contracts are designated as cash fl ow hedges of those future transactions and the impact on earnings is included in cost of sales .", "we may enter into foreign currency forward contracts and currency swaps as fair value hedges of fi rm commitments .", "forward and option contracts generally have maturities not exceeding 12 months .", "in the normal course of business , our operations are exposed to fl uctuations in interest rates .", "these fl uctuations can vary the costs of fi nancing , investing , and operating .", "we address a portion of these risks through a controlled program of risk management that includes the use of derivative fi nancial instruments .", "the objective of controlling these risks is to limit the impact of fl uctuations in interest rates on earnings .", "our primary interest rate risk exposure results from changes in short-term u.s .", "dollar interest rates .", "in an effort to manage interest rate exposures , we strive to achieve an acceptable balance between fi xed and fl oating rate debt and investment positions and may enter into interest rate swaps or collars to help maintain that balance .", "interest rate swaps or collars that convert our fi xed- rate debt or investments to a fl oating rate are designated as fair value hedges of the underlying instruments .", "interest rate swaps or collars that convert fl oating rate debt or investments to a fi xed rate are designated as cash fl ow hedg- es .", "interest expense on the debt is adjusted to include the payments made or received under the swap agreements .", "goodwill and other intangibles : goodwill is not amortized .", "all other intangibles arising from acquisitions and research alliances have fi nite lives and are amortized over their estimated useful lives , ranging from 5 to 20 years , using the straight-line method .", "the weighted-average amortization period for developed product technology is approximately 12 years .", "amortization expense for 2008 , 2007 , and 2006 was $ 193.4 million , $ 172.8 million , and $ 7.6 million before tax , respectively .", "the estimated amortization expense for each of the fi ve succeeding years approximates $ 280 million before tax , per year .", "substantially all of the amortization expense is included in cost of sales .", "see note 3 for further discussion of goodwill and other intangibles acquired in 2008 and 2007 .", "goodwill and other intangible assets at december 31 were as follows: ." ]

[ "goodwill and net other intangibles are reviewed to assess recoverability at least annually and when certain impairment indicators are present .", "no signifi cant impairments occurred with respect to the carrying value of our goodwill or other intangible assets in 2008 , 2007 , or 2006 .", "property and equipment : property and equipment is stated on the basis of cost .", "provisions for depreciation of buildings and equipment are computed generally by the straight-line method at rates based on their estimated useful lives ( 12 to 50 years for buildings and 3 to 18 years for equipment ) .", "we review the carrying value of long-lived assets for potential impairment on a periodic basis and whenever events or changes in circumstances indicate the ." ]

[ [ "", "2008", "2007" ], [ "Goodwill", "$1,167.5", "$745.7" ], [ "Developed product technology — gross", "3,035.4", "1,767.5" ], [ "Less accumulated amortization", "(346.6)", "(162.6)" ], [ "Developed product technology — net", "2,688.8", "1,604.9" ], [ "Other intangibles — gross", "243.2", "142.8" ], [ "Less accumulated amortization", "(45.4)", "(38.0)" ], [ "Other intangibles — net", "197.8", "104.8" ], [ "Total intangibles — net", "$4,054.1", "$2,455.4" ] ]

[ [ "", "2008", "2007" ], [ "goodwill", "$ 1167.5", "$ 745.7" ], [ "developed product technology 2014 gross", "3035.4", "1767.5" ], [ "less accumulated amortization", "-346.6 ( 346.6 )", "-162.6 ( 162.6 )" ], [ "developed product technology 2014 net", "2688.8", "1604.9" ], [ "other intangibles 2014 gross", "243.2", "142.8" ], [ "less accumulated amortization", "-45.4 ( 45.4 )", "-38.0 ( 38.0 )" ], [ "other intangibles 2014 net", "197.8", "104.8" ], [ "total intangibles 2014 net", "$ 4054.1", "$ 2455.4" ] ]

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[ "income taxes american water and its subsidiaries participate in a consolidated federal income tax return for u.s .", "tax purposes .", "members of the consolidated group are charged with the amount of federal income tax expense determined as if they filed separate returns .", "certain income and expense items are accounted for in different time periods for financial reporting than for income tax reporting purposes .", "the company provides deferred income taxes on the difference between the tax basis of assets and liabilities and the amounts at which they are carried in the financial statements .", "these deferred income taxes are based on the enacted tax rates expected to be in effect when these temporary differences are projected to reverse .", "in addition , the regulated utility subsidiaries recognize regulatory assets and liabilities for the effect on revenues expected to be realized as the tax effects of temporary differences , previously flowed through to customers , reverse .", "investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets .", "the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis .", "see note 13 2014income taxes .", "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 and the operations of its market-based businesses are subject to u.s .", "federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business .", "environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate .", "remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated .", "a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the 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 agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 .", "remediation costs accrued amounted to $ 6 million and less than $ 1 million as of december 31 , 2017 and 2016 , respectively .", "derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates .", "these derivative contracts are entered into for periods consistent with the related underlying ." ]

[ [ "", "2017", "2016", "2015" ], [ "Allowance for other funds used during construction", "$19", "$15", "$13" ], [ "Allowance for borrowed funds used during construction", "8", "6", "8" ] ]

[ [ "", "2017", "2016", "2015" ], [ "allowance for other funds used during construction", "$ 19", "$ 15", "$ 13" ], [ "allowance for borrowed funds used during construction", "8", "6", "8" ] ]

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

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

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

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

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[ "entergy corporation and subsidiaries management's financial discussion and analysis refer to 201cselected financial data - five-year comparison of entergy corporation and subsidiaries 201d which accompanies entergy corporation 2019s financial statements in this report for further information with respect to operating statistics .", "in november 2007 the board approved a plan to pursue a separation of entergy 2019s non-utility nuclear business from entergy through a spin-off of the business to entergy shareholders .", "in april 2010 , entergy announced that it planned to unwind the business infrastructure associated with the proposed spin-off transaction .", "as a result of the plan to unwind the business infrastructure , entergy recorded expenses in 2010 for the write-off of certain capitalized costs incurred in connection with the planned spin-off transaction .", "these costs are discussed in more detail below and throughout this section .", "net revenue utility following is an analysis of the change in net revenue comparing 2010 to 2009 .", "amount ( in millions ) ." ]

[ "the volume/weather variance is primarily due to an increase of 8362 gwh , or 8% ( 8 % ) , in billed electricity usage in all retail sectors , including the effect on the residential sector of colder weather in the first quarter 2010 compared to 2009 and warmer weather in the second and third quarters 2010 compared to 2009 .", "the industrial sector reflected strong sales growth on continuing signs of economic recovery .", "the improvement in this sector was primarily driven by inventory restocking and strong exports with the chemicals , refining , and miscellaneous manufacturing sectors leading the improvement .", "the retail electric price variance is primarily due to : increases in the formula rate plan riders at entergy gulf states louisiana effective november 2009 , january 2010 , and september 2010 , at entergy louisiana effective november 2009 , and at entergy mississippi effective july 2009 ; a base rate increase at entergy arkansas effective july 2010 ; rate actions at entergy texas , including base rate increases effective in may and august 2010 ; a formula rate plan provision of $ 16.6 million recorded in the third quarter 2009 for refunds that were made to customers in accordance with settlements approved by the lpsc ; and the recovery in 2009 by entergy arkansas of 2008 extraordinary storm costs , as approved by the apsc , which ceased in january 2010 .", "the recovery of storm costs is offset in other operation and maintenance expenses .", "see note 2 to the financial statements for further discussion of the proceedings referred to above. ." ]

[ [ "", "Amount (In Millions)" ], [ "2009 net revenue", "$4,694" ], [ "Volume/weather", "231" ], [ "Retail electric price", "137" ], [ "Provision for regulatory proceedings", "26" ], [ "Rough production cost equalization", "19" ], [ "ANO decommissioning trust", "(24)" ], [ "Fuel recovery", "(44)" ], [ "Other", "12" ], [ "2010 net revenue", "$5,051" ] ]

[ [ "", "amount ( in millions )" ], [ "2009 net revenue", "$ 4694" ], [ "volume/weather", "231" ], [ "retail electric price", "137" ], [ "provision for regulatory proceedings", "26" ], [ "rough production cost equalization", "19" ], [ "ano decommissioning trust", "-24 ( 24 )" ], [ "fuel recovery", "-44 ( 44 )" ], [ "other", "12" ], [ "2010 net revenue", "$ 5051" ] ]

[ { "arg1": "5051", "arg2": "4694", "op": "minus2-1", "res": "357" }, { "arg1": "137", "arg2": "#0", "op": "divide2-2", "res": "38.4%" } ]

[ "part i berths at the end of 2011 .", "there are approximately 10 ships with an estimated 34000 berths that are expected to be placed in service in the north american cruise market between 2012 and 2016 .", "europe in europe , cruising represents a smaller but growing sector of the vacation industry .", "it has experienced a compound annual growth rate in cruise guests of approximately 9.6% ( 9.6 % ) from 2007 to 2011 and we believe this market has significant continued growth poten- tial .", "we estimate that europe was served by 104 ships with approximately 100000 berths at the beginning of 2007 and by 121 ships with approximately 155000 berths at the end of 2011 .", "there are approximately 10 ships with an estimated 28000 berths that are expected to be placed in service in the european cruise market between 2012 and 2016 .", "the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests ( 3 ) weighted-average supply of berths marketed in europe ( 1 ) ." ]

[ "( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association .", "in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .", "( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2007 through 2010 .", "year 2011 amounts represent our estimates ( see number 1 above ) .", "( 3 ) source : european cruise council for years 2007 through 2010 .", "year 2011 amounts represent our estimates ( see number 1 above ) .", "other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .", "we compete with a number of cruise lines ; however , our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .", "cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consum- ers 2019 leisure time .", "demand for such activities is influ- enced by political and general economic conditions .", "companies within the vacation market are dependent on consumer discretionary spending .", "operating strategies our principal operating strategies are to : and employees and protect the environment in which our vessels and organization operate , to better serve our global guest base and grow our business , order to enhance our revenues while continuing to expand and diversify our guest mix through interna- tional guest sourcing , and ensure adequate cash and liquidity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , our brands throughout the world , revitalization of existing ships and the transfer of key innovations across each brand , while expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , support ongoing operations and initiatives , and the principal industry distribution channel , while enhancing our consumer outreach programs. ." ]

[ [ "Year", "Global CruiseGuests⁽¹⁾", "Weighted-AverageSupplyofBerthsMarketedGlobally⁽¹⁾", "NorthAmericanCruiseGuests⁽²⁾", "Weighted-Average Supply ofBerths Marketedin NorthAmerica⁽¹⁾", "EuropeanCruiseGuests", "Weighted-AverageSupply ofBerthsMarketed inEurope⁽¹⁾" ], [ "2007", "16,586,000", "327,000", "10,247,000", "212,000", "4,080,000", "105,000" ], [ "2008", "17,184,000", "347,000", "10,093,000", "219,000", "4,500,000", "120,000" ], [ "2009", "17,340,000", "363,000", "10,198,000", "222,000", "5,000,000", "131,000" ], [ "2010", "18,800,000", "391,000", "10,781,000", "232,000", "5,540,000", "143,000" ], [ "2011", "20,227,000", "412,000", "11,625,000", "245,000", "5,894,000", "149,000" ] ]

[ [ "year", "global cruiseguests ( 1 )", "weighted-averagesupplyofberthsmarketedglobally ( 1 )", "northamericancruiseguests ( 2 )", "weighted-average supply ofberths marketedin northamerica ( 1 )", "europeancruiseguests", "weighted-averagesupply ofberthsmarketed ineurope ( 1 )" ], [ "2007", "16586000", "327000", "10247000", "212000", "4080000", "105000" ], [ "2008", "17184000", "347000", "10093000", "219000", "4500000", "120000" ], [ "2009", "17340000", "363000", "10198000", "222000", "5000000", "131000" ], [ "2010", "18800000", "391000", "10781000", "232000", "5540000", "143000" ], [ "2011", "20227000", "412000", "11625000", "245000", "5894000", "149000" ] ]

[ { "arg1": "34000", "arg2": "const_10", "op": "divide1-1", "res": "340" }, { "arg1": "#0", "arg2": "const_4", "op": "divide1-2", "res": "85" } ]

[ "reinsurance commissions , fees and other revenue increased 1% ( 1 % ) driven by a favorable foreign currency translation of 2% ( 2 % ) and was partially offset by a 1% ( 1 % ) decline in dispositions , net of acquisitions and other .", "organic revenue was flat primarily resulting from strong growth in the capital market transactions and advisory business , partially offset by declines in global facultative placements .", "operating income operating income increased $ 120 million , or 10% ( 10 % ) , from 2010 to $ 1.3 billion in 2011 .", "in 2011 , operating income margins in this segment were 19.3% ( 19.3 % ) , up 70 basis points from 18.6% ( 18.6 % ) in 2010 .", "operating margin improvement was primarily driven by revenue growth , reduced costs of restructuring initiatives and realization of the benefits of those restructuring plans , which was partially offset by the negative impact of expense increases related to investment in the business , lease termination costs , legacy receivables write-off , and foreign currency exchange rates .", "hr solutions ." ]

[ "in october 2010 , we completed the acquisition of hewitt , one of the world 2019s leading human resource consulting and outsourcing companies .", "hewitt operates globally together with aon 2019s existing consulting and outsourcing operations under the newly created aon hewitt brand .", "hewitt 2019s operating results are included in aon 2019s results of operations beginning october 1 , 2010 .", "our hr solutions segment generated approximately 40% ( 40 % ) of our consolidated total revenues in 2011 and provides a broad range of human capital services , as follows : 2022 health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees .", "benefits consulting includes health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services .", "effective january 1 , 2012 , this line of business will be included in the results of the risk solutions segment .", "2022 retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration .", "2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries .", "2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management .", "2022 benefits administration applies our hr expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services .", "our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions .", "2022 human resource business processing outsourcing ( 2018 2018hr bpo 2019 2019 ) provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and ." ]

[ [ "Years ended December 31,", "2011", "2010", "2009" ], [ "Revenue", "$4,501", "$2,111", "$1,267" ], [ "Operating income", "448", "234", "203" ], [ "Operating margin", "10.0%", "11.1%", "16.0%" ] ]

[ [ "years ended december 31,", "2011", "2010", "2009" ], [ "revenue", "$ 4501", "$ 2111", "$ 1267" ], [ "operating income", "448", "234", "203" ], [ "operating margin", "10.0% ( 10.0 % )", "11.1% ( 11.1 % )", "16.0% ( 16.0 % )" ] ]

[ { "arg1": "448", "arg2": "234", "op": "minus1-1", "res": "214" }, { "arg1": "#0", "arg2": "234", "op": "divide1-2", "res": "91.5%" } ]

[ "the goldman sachs group , inc .", "and subsidiaries notes to consolidated financial statements lending commitments the firm 2019s lending commitments are agreements to lend with fixed termination dates and depend on the satisfaction of all contractual conditions to borrowing .", "these commitments are presented net of amounts syndicated to third parties .", "the total commitment amount does not necessarily reflect actual future cash flows because the firm may syndicate all or substantial additional portions of these commitments .", "in addition , commitments can expire unused or be reduced or cancelled at the counterparty 2019s request .", "the table below presents information about lending commitments. ." ]

[ "in the table above : 2030 held for investment lending commitments are accounted for on an accrual basis .", "see note 9 for further information about such commitments .", "2030 held for sale lending commitments are accounted for at the lower of cost or fair value .", "2030 gains or losses related to lending commitments at fair value , if any , are generally recorded , net of any fees in other principal transactions .", "2030 substantially all lending commitments relates to the firm 2019s investing & lending segment .", "commercial lending .", "the firm 2019s commercial lending commitments were primarily extended to investment-grade corporate borrowers .", "such commitments included $ 93.99 billion as of december 2018 and $ 85.98 billion as of december 2017 , related to relationship lending activities ( principally used for operating and general corporate purposes ) and $ 27.92 billion as of december 2018 and $ 42.41 billion as of december 2017 , related to other investment banking activities ( generally extended for contingent acquisition financing and are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources ) .", "the firm also extends lending commitments in connection with other types of corporate lending , as well as commercial real estate financing .", "see note 9 for further information about funded loans .", "sumitomo mitsui financial group , inc .", "( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) .", "the notional amount of such loan commitments was $ 15.52 billion as of december 2018 and $ 25.70 billion as of december 2017 .", "the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million .", "in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.0 billion , of which $ 550 million of protection had been provided as of both december 2018 and december 2017 .", "the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg .", "these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index .", "warehouse financing .", "the firm provides financing to clients who warehouse financial assets .", "these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans .", "contingent and forward starting collateralized agreements / forward starting collateralized financings forward starting collateralized agreements includes resale and securities borrowing agreements , and forward starting collateralized financings includes repurchase and secured lending agreements that settle at a future date , generally within three business days .", "the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements .", "the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused .", "letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements .", "investment commitments investment commitments includes commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages .", "investment commitments included $ 2.42 billion as of december 2018 and $ 2.09 billion as of december 2017 , related to commitments to invest in funds managed by the firm .", "if these commitments are called , they would be funded at market value on the date of investment .", "goldman sachs 2018 form 10-k 159 ." ]

[ [ "", "As of December" ], [ "<i>$ in millions</i>", "2018", "2017" ], [ "Held for investment", "$120,997", "$124,504" ], [ "Held for sale", "8,602", "9,838" ], [ "At fair value", "7,983", "9,404" ], [ "Total", "$137,582", "$143,746" ] ]

[ [ "$ in millions", "as of december 2018", "as of december 2017" ], [ "held for investment", "$ 120997", "$ 124504" ], [ "held for sale", "8602", "9838" ], [ "at fair value", "7983", "9404" ], [ "total", "$ 137582", "$ 143746" ] ]

[]

[ "likely than not that some portion or all of the deferred tax assets will not be realized .", "the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances .", "material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters .", "forward-looking estimates we are providing our 2011 forward-looking estimates in this section .", "these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties .", "the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted .", "we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report .", "amounts related to our canadian operations have been converted to u.s .", "dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar .", "during 2011 , our operations are substantially comprised of our ongoing north america onshore operations .", "we also have international operations in brazil and angola that we are divesting .", "we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration .", "as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements .", "additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted .", "north america onshore operating items the following 2011 estimates relate only to our north america onshore assets .", "oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 .", "we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe .", "( mmbbls ) ( mmbbls ) ( mmboe ) ." ]

[ "oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table .", "the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below .", "the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma .", "the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside ." ]

[ [ "", "Oil (MMBbls)", "Gas (Bcf)", "NGLs (MMBbls)", "Total (MMBoe)" ], [ "U.S. Onshore", "17", "736", "34", "174" ], [ "Canada", "28", "199", "3", "64" ], [ "North America Onshore", "45", "935", "37", "238" ] ]

[ [ "", "oil ( mmbbls )", "gas ( bcf )", "ngls ( mmbbls )", "total ( mmboe )" ], [ "u.s . onshore", "17", "736", "34", "174" ], [ "canada", "28", "199", "3", "64" ], [ "north america onshore", "45", "935", "37", "238" ] ]

[ { "arg1": "64", "arg2": "238", "op": "divide1-1", "res": "0.2689" }, { "arg1": "#0", "arg2": "const_100", "op": "multiply1-2", "res": "26.89" } ]

[ "russia and europe .", "average sales price realizations for uncoated freesheet paper decreased in both europe and russia , reflecting weak economic conditions and soft market demand .", "in russia , sales prices in rubles increased , but this improvement is masked by the impact of the currency depreciation against the u.s .", "dollar .", "input costs were significantly higher for wood in both europe and russia , partially offset by lower chemical costs .", "planned maintenance downtime costs were $ 11 million lower in 2014 than in 2013 .", "manufacturing and other operating costs were favorable .", "entering 2015 , sales volumes in the first quarter are expected to be seasonally weaker in russia , and about flat in europe .", "average sales price realizations for uncoated freesheet paper are expected to remain steady in europe , but increase in russia .", "input costs should be lower for oil and wood , partially offset by higher chemicals costs .", "indian papers net sales were $ 178 million in 2014 , $ 185 million ( $ 174 million excluding excise duties which were included in net sales in 2013 and prior periods ) in 2013 and $ 185 million ( $ 178 million excluding excise duties ) in 2012 .", "operating profits were $ 8 million ( a loss of $ 12 million excluding a gain related to the resolution of a legal contingency ) in 2014 , a loss of $ 145 million ( a loss of $ 22 million excluding goodwill and trade name impairment charges ) in 2013 and a loss of $ 16 million in 2012 .", "average sales price realizations improved in 2014 compared with 2013 due to the impact of price increases implemented in 2013 .", "sales volumes were flat , reflecting weak economic conditions .", "input costs were higher , primarily for wood .", "operating costs and planned maintenance downtime costs were lower in 2014 .", "looking ahead to the first quarter of 2015 , sales volumes are expected to be seasonally higher .", "average sales price realizations are expected to decrease due to competitive pressures .", "asian printing papers net sales were $ 59 million in 2014 , $ 90 million in 2013 and $ 85 million in 2012 .", "operating profits were $ 0 million in 2014 and $ 1 million in both 2013 and 2012 .", "u.s .", "pulp net sales were $ 895 million in 2014 compared with $ 815 million in 2013 and $ 725 million in 2012 .", "operating profits were $ 57 million in 2014 compared with $ 2 million in 2013 and a loss of $ 59 million in 2012 .", "sales volumes in 2014 increased from 2013 for both fluff pulp and market pulp reflecting improved market demand .", "average sales price realizations increased significantly for fluff pulp , while prices for market pulp were also higher .", "input costs for wood and energy were higher .", "operating costs were lower , but planned maintenance downtime costs were $ 1 million higher .", "compared with the fourth quarter of 2014 , sales volumes in the first quarter of 2015 , are expected to decrease for market pulp , but be slightly higher for fluff pulp .", "average sales price realizations are expected to to be stable for fluff pulp and softwood market pulp , while hardwood market pulp prices are expected to improve .", "input costs should be flat .", "planned maintenance downtime costs should be about $ 13 million higher than in the fourth quarter of 2014 .", "consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity .", "in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .", "consumer packaging net sales in 2014 decreased 1% ( 1 % ) from 2013 , but increased 7% ( 7 % ) from 2012 .", "operating profits increased 11% ( 11 % ) from 2013 , but decreased 34% ( 34 % ) from 2012 .", "excluding sheet plant closure costs , costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs related to the sale of the shorewood business , 2014 operating profits were 11% ( 11 % ) lower than in 2013 , and 30% ( 30 % ) lower than in 2012 .", "benefits from higher average sales price realizations and a favorable mix ( $ 60 million ) were offset by lower sales volumes ( $ 11 million ) , higher operating costs ( $ 9 million ) , higher planned maintenance downtime costs ( $ 12 million ) , higher input costs ( $ 43 million ) and higher other costs ( $ 7 million ) .", "in addition , operating profits in 2014 include $ 8 million of costs associated with sheet plant closures , while operating profits in 2013 include costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business .", "consumer packaging ." ]

[ "north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 .", "operating profits were $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 compared with $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 and $ 165 million ( $ 162 million excluding a gain associated with the sale of the shorewood business in 2012 ) .", "coated paperboard sales volumes in 2014 were lower than in 2013 reflecting weaker market demand .", "the business took about 41000 tons of market-related downtime in 2014 compared with about 24000 tons in 2013 .", "average sales price realizations increased year- ." ]

[ [ "In millions", "2014", "2013", "2012" ], [ "Sales", "$3,403", "$3,435", "$3,170" ], [ "Operating Profit", "178", "161", "268" ] ]

[ [ "in millions", "2014", "2013", "2012" ], [ "sales", "$ 3403", "$ 3435", "$ 3170" ], [ "operating profit", "178", "161", "268" ] ]

[ { "arg1": "const_2", "arg2": "const_1000", "op": "multiply1-1", "res": "2000" }, { "arg1": "#0", "arg2": "3403", "op": "divide1-2", "res": "59%" } ]

[ "long-term product offerings include active and index strategies .", "our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile .", "we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction .", "in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index .", "index strategies include both our non-etf index products and ishares etfs .", "althoughmany clients use both active and index strategies , the application of these strategies may differ .", "for example , clients may use index products to gain exposure to a market or asset class .", "in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates .", "this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings .", "equity year-end 2015 equity aum totaled $ 2.424 trillion , reflecting net inflows of $ 52.8 billion .", "net inflows included $ 78.4 billion and $ 4.2 billion into ishares and active products , respectively .", "ishares net inflows were driven by the core series and flows into broad developed market equity exposures , and active net inflows reflected demand for international equities .", "ishares and active net inflows were partially offset by non-etf index net outflows of $ 29.8 billion .", "blackrock 2019s effective fee rates fluctuate due to changes in aummix .", "approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than u.s .", "equity strategies .", "accordingly , fluctuations in international equity markets , which do not consistently move in tandemwith u.s .", "markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues .", "fixed income fixed income aum ended 2015 at $ 1.422 trillion , increasing $ 28.7 billion , or 2% ( 2 % ) , from december 31 , 2014 .", "the increase in aum reflected $ 76.9 billion in net inflows , partially offset by $ 48.2 billion in net market depreciation and foreign exchange movements .", "in 2015 , active net inflows of $ 35.9 billion were diversified across fixed income offerings , with strong flows into our unconstrained , total return and high yield strategies .", "flagship funds in these product areas include our unconstrained strategic income opportunities and fixed income strategies funds , with net inflows of $ 7.0 billion and $ 3.7 billion , respectively ; our total return fund with net inflows of $ 2.7 billion ; and our high yield bond fund with net inflows of $ 3.5 billion .", "fixed income ishares net inflows of $ 50.3 billion were led by flows into core , corporate and high yield bond funds .", "active and ishares net inflows were partially offset by non-etf index net outflows of $ 9.3 billion .", "multi-asset class blackrock 2019s multi-asset class teammanages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , bonds , currencies and commodities , and our extensive risk management capabilities .", "investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays .", "component changes in multi-asset class aum for 2015 are presented below .", "( in millions ) december 31 , 2014 net inflows ( outflows ) acquisition ( 1 ) market change fx impact december 31 , 2015 asset allocation and balanced $ 183032 $ 12926 $ 2014 $ ( 6731 ) $ ( 3391 ) $ 185836 ." ]

[ "( 1 ) amounts represent $ 366 million of aum acquired in the futureadvisor acquisition in october 2015 .", "the futureadvisor acquisition amount does not include aum that was held in ishares holdings .", "multi-asset class net inflows reflected ongoing institutional demand for our solutions-based advice with $ 17.4 billion of net inflows coming from institutional clients .", "defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 7.3 billion to institutional multi-asset class net new business in 2015 , primarily into target date and target risk product offerings .", "retail net outflows of $ 1.3 billion were primarily due to a large single-client transition out of mutual funds into a series of ishares across asset classes .", "notwithstanding this transition , retail flows reflected demand for our multi-asset income fund family , which raised $ 4.6 billion in 2015 .", "the company 2019s multi-asset class strategies include the following : 2022 asset allocation and balanced products represented 49% ( 49 % ) of multi-asset class aum at year-end , with growth in aum driven by net new business of $ 12.9 billion .", "these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget .", "in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions .", "flagship products in this category include our global allocation andmulti-asset income suites. ." ]

[ [ "(in millions)", "December 31,2014", "Net Inflows(Outflows)", "Acquisition⁽¹⁾", "Market Change", "FX Impact", "December 31,2015" ], [ "Asset allocation and balanced", "$183,032", "$12,926", "$—", "$(6,731)", "$(3,391)", "$185,836" ], [ "Target date/risk", "128,611", "218", "—", "(1,308)", "(1,857)", "125,664" ], [ "Fiduciary", "66,194", "3,985", "—", "627", "(6,373)", "64,433" ], [ "FutureAdvisor", "—", "38", "366", "(1)", "—", "403" ], [ "Multi-asset", "$377,837", "$17,167", "$366", "$(7,413)", "$(11,621)", "$376,336" ] ]

[ [ "( in millions )", "december 312014", "net inflows ( outflows )", "acquisition ( 1 )", "market change", "fx impact", "december 312015" ], [ "asset allocation and balanced", "$ 183032", "$ 12926", "$ 2014", "$ -6731 ( 6731 )", "$ -3391 ( 3391 )", "$ 185836" ], [ "target date/risk", "128611", "218", "2014", "-1308 ( 1308 )", "-1857 ( 1857 )", "125664" ], [ "fiduciary", "66194", "3985", "2014", "627", "-6373 ( 6373 )", "64433" ], [ "futureadvisor", "2014", "38", "366", "-1 ( 1 )", "2014", "403" ], [ "multi-asset", "$ 377837", "$ 17167", "$ 366", "$ -7413 ( 7413 )", "$ -11621 ( 11621 )", "$ 376336" ] ]

[]

[ "notes to consolidated financial statements level 3 rollforward if a derivative was transferred to level 3 during a reporting period , its entire gain or loss for the period is included in level 3 .", "transfers between levels are reported at the beginning of the reporting period in which they occur .", "in the tables below , negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities .", "gains and losses on level 3 derivatives should be considered in the context of the following : 2030 a derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input .", "2030 if there is one significant level 3 input , the entire gain or loss from adjusting only observable inputs ( i.e. , level 1 and level 2 inputs ) is classified as level 3 .", "2030 gains or losses that have been reported in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1 , level 2 and level 3 cash instruments .", "as a result , gains/ ( losses ) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm 2019s results of operations , liquidity or capital resources .", "the tables below present changes in fair value for all derivatives categorized as level 3 as of the end of the year. ." ]

[ "1 .", "the aggregate amounts include losses of approximately $ 1.29 billion and $ 324 million reported in 201cmarket making 201d and 201cother principal transactions , 201d respectively .", "the net unrealized loss on level 3 derivatives of $ 1.37 billion for 2013 principally resulted from changes in level 2 inputs and was primarily attributable to losses on certain credit derivatives , principally due to the impact of tighter credit spreads , and losses on certain currency derivatives , primarily due to changes in foreign exchange rates .", "transfers into level 3 derivatives during 2013 primarily reflected transfers of credit derivative assets from level 2 , principally due to reduced transparency of upfront credit points and correlation inputs used to value these derivatives .", "transfers out of level 3 derivatives during 2013 primarily reflected transfers of certain credit derivatives to level 2 , principally due to unobservable credit spread and correlation inputs no longer being significant to the valuation of these derivatives and unobservable inputs not being significant to the net risk of certain portfolios .", "goldman sachs 2013 annual report 143 ." ]

[ [ "", "Level 3 Derivative Assets and Liabilities at Fair Value for the Year Ended December 2013" ], [ "<i>in millions</i>", "Asset/ (liability) balance, beginning of year", "Net realized gains/ (losses)", "Net unrealized gains/(losses) relating to instruments still held at year-end", "Purchases", "Sales", "Settlements", "Transfers into level 3", "Transfers out of level 3", "Asset/ (liability) balance, endof year" ], [ "Interest rates — net", "$ (355)", "$ (78)", "$ 168", "$ 1", "$ (8)", "$ 196", "$ (9)", "$ (1)", "$ (86)" ], [ "Credit — net", "6,228", "(1)", "(977)", "201", "(315)", "(1,508)", "695", "(147)", "4,176" ], [ "Currencies — net", "35", "(93)", "(419)", "22", "(6)", "169", "139", "(47)", "(200)" ], [ "Commodities — net", "(304)", "(6)", "58", "21", "(48)", "281", "50", "8", "60" ], [ "Equities — net", "(1,248)", "(67)", "(202)", "77", "(472)", "1,020", "(15)", "(52)", "(959)" ], [ "Total derivatives — net", "$ 4,356", "$(245) 1", "$(1,372) 1", "$322", "$(849)", "$ 158", "$860", "$(239)", "$2,991" ] ]

[ [ "in millions", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance beginning of year", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 net realized gains/ ( losses )", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 net unrealized gains/ ( losses ) relating to instruments still held at year-end", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 purchases", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 sales", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 settlements", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers into level 3", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers out of level 3", "level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance endof year" ], [ "interest rates 2014 net", "$ -355 ( 355 )", "$ -78 ( 78 )", "$ 168", "$ 1", "$ -8 ( 8 )", "$ 196", "$ -9 ( 9 )", "$ -1 ( 1 )", "$ -86 ( 86 )" ], [ "credit 2014 net", "6228", "-1 ( 1 )", "-977 ( 977 )", "201", "-315 ( 315 )", "-1508 ( 1508 )", "695", "-147 ( 147 )", "4176" ], [ "currencies 2014 net", "35", "-93 ( 93 )", "-419 ( 419 )", "22", "-6 ( 6 )", "169", "139", "-47 ( 47 )", "-200 ( 200 )" ], [ "commodities 2014 net", "-304 ( 304 )", "-6 ( 6 )", "58", "21", "-48 ( 48 )", "281", "50", "8", "60" ], [ "equities 2014 net", "-1248 ( 1248 )", "-67 ( 67 )", "-202 ( 202 )", "77", "-472 ( 472 )", "1020", "-15 ( 15 )", "-52 ( 52 )", "-959 ( 959 )" ], [ "total derivatives 2014 net", "$ 4356", "$ ( 245 ) 1", "$ ( 1372 ) 1", "$ 322", "$ -849 ( 849 )", "$ 158", "$ 860", "$ -239 ( 239 )", "$ 2991" ] ]

[ { "arg1": "1.29", "arg2": "const_1000", "op": "multiply2-1", "res": "1290" }, { "arg1": "#0", "arg2": "324", "op": "minus2-2", "res": "966" } ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the company has selected december 1 as the date to perform its annual impairment test .", "in performing its 2005 and 2004 testing , the company completed an internal appraisal and estimated the fair value of the rental and management reporting unit that contains goodwill utilizing future discounted cash flows and market information .", "based on the appraisals performed , the company determined that goodwill in its rental and management segment was not impaired .", "the company 2019s other intangible assets subject to amortization consist of the following as of december 31 , ( in thousands ) : ." ]

[ "the company amortizes its intangible assets over periods ranging from three to fifteen years .", "amortization of intangible assets for the years ended december 31 , 2005 and 2004 aggregated approximately $ 136.0 million and $ 97.8 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .", "the company expects to record amortization expense of approximately $ 183.6 million , $ 178.3 million , $ 174.4 million , $ 172.7 million and $ 170.3 million , for the years ended december 31 , 2006 , 2007 , 2008 , 2009 and 2010 , respectively .", "these amounts are subject to changes in estimates until the preliminary allocation of the spectrasite purchase price is finalized .", "6 .", "notes receivable in 2000 , the company loaned tv azteca , s.a .", "de c.v .", "( tv azteca ) , the owner of a major national television network in mexico , $ 119.8 million .", "the loan , which initially bore interest at 12.87% ( 12.87 % ) , payable quarterly , was discounted by the company , as the fair value interest rate at the date of the loan was determined to be 14.25% ( 14.25 % ) .", "the loan was amended effective january 1 , 2003 to increase the original interest rate to 13.11% ( 13.11 % ) .", "as of december 31 , 2005 and 2004 , approximately $ 119.8 million undiscounted ( $ 108.2 million discounted ) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets .", "the term of the loan is seventy years ; however , the loan may be prepaid by tv azteca without penalty during the last fifty years of the agreement .", "the discount on the loan is being amortized to interest income 2014tv azteca , net , using the effective interest method over the seventy-year term of the loan .", "simultaneous with the signing of the loan agreement , the company also entered into a seventy year economic rights agreement with tv azteca regarding space not used by tv azteca on approximately 190 of its broadcast towers .", "in exchange for the issuance of the below market interest rate loan discussed above and the annual payment of $ 1.5 million to tv azteca ( under the economic rights agreement ) , the company has the right to market and lease the unused tower space on the broadcast towers ( the economic rights ) .", "tv azteca retains title to these towers and is responsible for their operation and maintenance .", "the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants. ." ]

[ [ "", "2005", "2004" ], [ "Acquired customer base and network location intangibles", "$2,606,546", "$1,369,607" ], [ "Deferred financing costs", "65,623", "89,736" ], [ "Acquired licenses and other intangibles", "51,703", "43,404" ], [ "Total", "2,723,872", "1,502,747" ], [ "Less accumulated amortization", "(646,560)", "(517,444)" ], [ "Other intangible assets, net", "$2,077,312", "$985,303" ] ]

[ [ "", "2005", "2004" ], [ "acquired customer base and network location intangibles", "$ 2606546", "$ 1369607" ], [ "deferred financing costs", "65623", "89736" ], [ "acquired licenses and other intangibles", "51703", "43404" ], [ "total", "2723872", "1502747" ], [ "less accumulated amortization", "-646560 ( 646560 )", "-517444 ( 517444 )" ], [ "other intangible assets net", "$ 2077312", "$ 985303" ] ]

[ { "arg1": "2723872", "arg2": "1502747", "op": "minus1-1", "res": "1221125" }, { "arg1": "#0", "arg2": "1502747", "op": "divide1-2", "res": "81.3%" } ]

[ "compared to earlier levels .", "the pre-tax non-cash impairments of certain mineral rights and real estate discussed above under the caption fffdland and development impairments fffd are not included in segment income .", "liquidity and capital resources on january 29 , 2018 , we announced that a definitive agreement had been signed for us to acquire all of the outstanding shares of kapstone for $ 35.00 per share and the assumption of approximately $ 1.36 billion in net debt , for a total enterprise value of approximately $ 4.9 billion .", "in contemplation of the transaction , on march 6 , 2018 , we issued $ 600.0 million aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2025 and $ 600.0 million aggregate principal amount of 4.0% ( 4.0 % ) senior notes due 2028 in an unregistered offering pursuant to rule 144a and regulation s under the securities act of 1933 , as amended ( the fffdsecurities act fffd ) .", "in addition , on march 7 , 2018 , we entered into the delayed draw credit facilities ( as hereinafter defined ) that provide for $ 3.8 billion of senior unsecured term loans .", "on november 2 , 2018 , in connection with the closing of the kapstone acquisition , we drew upon the facility in full .", "the proceeds of the delayed draw credit facilities ( as hereinafter defined ) and other sources of cash were used to pay the consideration for the kapstone acquisition , to repay certain existing indebtedness of kapstone and to pay fees and expenses incurred in connection with the kapstone acquisition .", "we fund our working capital requirements , capital expenditures , mergers , acquisitions and investments , restructuring activities , dividends and stock repurchases from net cash provided by operating activities , borrowings under our credit facilities , proceeds from our new a/r sales agreement ( as hereinafter defined ) , proceeds from the sale of property , plant and equipment removed from service and proceeds received in connection with the issuance of debt and equity securities .", "see fffdnote 13 .", "debt fffdtt of the notes to consolidated financial statements for additional information .", "funding for our domestic operations in the foreseeable future is expected to come from sources of liquidity within our domestic operations , including cash and cash equivalents , and available borrowings under our credit facilities .", "as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations .", "at september 30 , 2018 , excluding the delayed draw credit facilities , we had approximately $ 3.2 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 .", "this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases .", "certain restrictive covenants govern our maximum availability under the credit facilities .", "we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2018 .", "at september 30 , 2018 , we had $ 104.9 million of outstanding letters of credit not drawn cash and cash equivalents were $ 636.8 million at september 30 , 2018 and $ 298.1 million at september 30 , 2017 .", "we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition .", "approximately 20% ( 20 % ) of the cash and cash equivalents at september 30 , 2018 were held outside of the u.s .", "at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current .", "at september 30 , 2017 , total debt was $ 6554.8 million , $ 608.7 million of which was current .", "cash flow activityy ." ]

[ "net cash provided by operating activities during fiscal 2018 increased $ 520.4 million from fiscal 2017 primarily due to higher cash earnings and lower cash taxes due to the impact of the tax act .", "net cash provided by operating activities during fiscal 2017 increased $ 212.1 million from fiscal 2016 primarily due to a $ 111.6 million net increase in cash flow from working capital changes plus higher after-tax cash proceeds from our land and development segment fffds accelerated monetization .", "the changes in working capital in fiscal 2018 , 2017 and 2016 included a ." ]

[ [ "", "Year Ended September 30," ], [ "(In millions)", "2018", "2017", "2016" ], [ "Net cash provided by operating activities", "$2,420.9", "$1,900.5", "$1,688.4" ], [ "Net cash used for investing activities", "$(1,298.9)", "$(1,285.8)", "$(1,351.4)" ], [ "Net cash used for financing activities", "$(755.1)", "$(655.4)", "$(231.0)" ] ]

[ [ "( in millions )", "year ended september 30 , 2018", "year ended september 30 , 2017", "year ended september 30 , 2016" ], [ "net cash provided by operating activities", "$ 2420.9", "$ 1900.5", "$ 1688.4" ], [ "net cash used for investing activities", "$ -1298.9 ( 1298.9 )", "$ -1285.8 ( 1285.8 )", "$ -1351.4 ( 1351.4 )" ], [ "net cash used for financing activities", "$ -755.1 ( 755.1 )", "$ -655.4 ( 655.4 )", "$ -231.0 ( 231.0 )" ] ]

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[ "2007 annual report 39 corporate snap-on 2019s general corporate expenses totaled $ 53.8 million in 2006 , up from $ 46.4 million in 2005 , primarily due to $ 15.2 million of increased stock-based and performance-based incentive compensation , including $ 6.3 million from the january 1 , 2006 , adoption of sfas no .", "123 ( r ) .", "increased expenses in 2006 also included $ 4.2 million of higher insurance and other costs .", "these expense increases were partially offset by $ 9.5 million of benefits from rci initiatives .", "see note 13 to the consolidated financial statements for information on the company 2019s adoption of sfas no .", "123 ( r ) .", "financial condition snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing .", "snap-on believes that its cash from operations , coupled with its sources of borrowings , are sufficient to fund its anticipated requirements for working capital , capital expenditures , restructuring activities , acquisitions , common stock repurchases and dividend payments .", "due to snap-on 2019s credit rating over the years , external funds have been available at a reasonable cost .", "as of the close of business on february 15 , 2008 , snap-on 2019s long-term debt and commercial paper was rated a3 and p-2 by moody 2019s investors service and a- and a-2 by standard & poor 2019s .", "snap-on believes that the strength of its balance sheet , combined with its cash flows from operating activities , affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions .", "the following discussion focuses on information included in the accompanying consolidated balance sheets .", "snap-on has been focused on improving asset utilization by making more effective use of its investment in certain working capital items .", "the company assesses management 2019s operating performance and effectiveness relative to those components of working capital , particularly accounts receivable and inventories , that are more directly impacted by operational decisions .", "as of december 29 , 2007 , working capital ( current assets less current liabilities ) of $ 548.2 million was up $ 117.0 million from $ 431.2 million as of december 30 , 2006 .", "the increase in year-over-year working capital primarily reflects higher levels of 201ccash and cash equivalents 201d of $ 29.6 million , lower 201cnotes payable and current maturities of long-term debt 201d of $ 27.7 million , and $ 27.7 million of increased 201caccounts receivable 2013 net of allowances . 201d the following represents the company 2019s working capital position as of december 29 , 2007 , and december 30 , 2006 .", "( amounts in millions ) 2007 2006 ." ]

[ "accounts receivable at the end of 2007 was $ 586.9 million , up $ 27.7 million from year-end 2006 levels .", "the year-over- year increase in accounts receivable primarily reflects the impact of higher sales in the fourth quarter of 2007 and $ 25.1 million of currency translation .", "this increase in accounts receivable was partially offset by lower levels of receivables as a result of an improvement in days sales outstanding from 76 days at year-end 2006 to 73 days at year-end 2007. ." ]

[ [ "<i>(Amounts in millions)­</i>", "2007", "2006" ], [ "Cash and cash equivalents", "$93.0", "$63.4" ], [ "Accounts receivable – net of allowances", "586.9", "559.2" ], [ "Inventories", "322.4", "323.0" ], [ "Other current assets", "185.1", "167.6" ], [ "Total current assets", "1,187.4", "1,113.2" ], [ "Accounts payable", "(171.6)", "(178.8)" ], [ "Notes payable and current maturities of long-term debt", "(15.9)", "(43.6)" ], [ "Other current liabilities", "(451.7)", "(459.6)" ], [ "Total current liabilities", "(639.2)", "(682.0)" ], [ "Total working capital", "$548.2", "$431.2" ] ]

[ [ "( amounts in millions ) ad", "2007", "2006" ], [ "cash and cash equivalents", "$ 93.0", "$ 63.4" ], [ "accounts receivable 2013 net of allowances", "586.9", "559.2" ], [ "inventories", "322.4", "323.0" ], [ "other current assets", "185.1", "167.6" ], [ "total current assets", "1187.4", "1113.2" ], [ "accounts payable", "-171.6 ( 171.6 )", "-178.8 ( 178.8 )" ], [ "notes payable and current maturities of long-term debt", "-15.9 ( 15.9 )", "-43.6 ( 43.6 )" ], [ "other current liabilities", "-451.7 ( 451.7 )", "-459.6 ( 459.6 )" ], [ "total current liabilities", "-639.2 ( 639.2 )", "-682.0 ( 682.0 )" ], [ "total working capital", "$ 548.2", "$ 431.2" ] ]

[]

[ "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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[ "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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[ "backlog backlog increased in 2015 compared to 2014 primarily due to higher orders on f-35 and c-130 programs .", "backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .", "trends we expect aeronautics 2019 2016 net sales to increase in the mid-single digit percentage range as compared to 2015 due to increased volume on the f-35 and c-130 programs , partially offset by decreased volume on the f-16 program .", "operating profit is also expected to increase in the low single-digit percentage range , driven by increased volume on the f-35 program offset by contract mix that results in a slight decrease in operating margins between years .", "information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .", "is&gs 2019 technical services business provides a comprehensive portfolio of technical and sustainment services .", "is&gs has a portfolio of many smaller contracts as compared to our other business segments .", "is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .", "is&gs 2019 operating results included the following ( in millions ) : ." ]

[ "2015 compared to 2014 is&gs 2019 net sales decreased $ 58 million , or 1% ( 1 % ) , in 2015 as compared to 2014 .", "the decrease was attributable to lower net sales of approximately $ 395 million as a result of key program completions , lower customer funding levels and increased competition , coupled with the fragmentation of existing large contracts into multiple smaller contracts that are awarded primarily on the basis of price when re-competed ( including cms-citic ) .", "these decreases were partially offset by higher net sales of approximately $ 230 million for businesses acquired in 2014 ; and approximately $ 110 million due to the start-up of new programs and growth in recently awarded programs .", "is&gs 2019 operating profit increased $ 36 million , or 8% ( 8 % ) , in 2015 as compared to 2014 .", "the increase was attributable to improved program performance and risk retirements , offset by decreased operating profit resulting from the activities mentioned above for net sales .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 70 million higher in 2015 compared to 2014 .", "2014 compared to 2013 is&gs 2019 net sales decreased $ 461 million , or 8% ( 8 % ) , in 2014 as compared to 2013 .", "the decrease was primarily attributable to lower net sales of about $ 475 million due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo ) ; and approximately $ 320 million due to decreased volume in technical services programs reflecting market pressures .", "the decreases were offset by higher net sales of about $ 330 million due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies .", "is&gs 2019 operating profit decreased $ 26 million , or 5% ( 5 % ) , in 2014 as compared to 2013 .", "the decrease was primarily attributable to the activities mentioned above for sales , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million in 2014 .", "adjustments not related to volume , including net profit booking rate adjustments , were comparable in 2014 and 2013. ." ]

[ [ "", "2015", "2014", "2013" ], [ "Net sales", "$5,596", "$5,654", "$6,115" ], [ "Operating profit", "508", "472", "498" ], [ "Operating margins", "9.1%", "8.3%", "8.1%" ], [ "Backlog at year-end", "$4,800", "$6,000", "$6,300" ] ]

[ [ "", "2015", "2014", "2013" ], [ "net sales", "$ 5596", "$ 5654", "$ 6115" ], [ "operating profit", "508", "472", "498" ], [ "operating margins", "9.1% ( 9.1 % )", "8.3% ( 8.3 % )", "8.1% ( 8.1 % )" ], [ "backlog at year-end", "$ 4800", "$ 6000", "$ 6300" ] ]

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[ "notes to consolidated financial statements at december 31 , 2007 , future minimum rental payments required under operating leases for continuing operations that have initial or remaining noncancelable lease terms in excess of one year , net of sublease rental income , most of which pertain to real estate leases , are as follows : ( millions ) ." ]

[ "aon corporation ." ]

[ [ "2008", "$317" ], [ "2009", "275" ], [ "2010", "236" ], [ "2011", "214" ], [ "2012", "191" ], [ "Later years", "597" ], [ "Total minimum payments required", "$1,830" ] ]

[ [ "2008", "$ 317" ], [ "2009", "275" ], [ "2010", "236" ], [ "2011", "214" ], [ "2012", "191" ], [ "later years", "597" ], [ "total minimum payments required", "$ 1830" ] ]

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[ "part i item 1 .", "business our company founded in 1886 , american water works company , inc. , ( the 201ccompany , 201d 201camerican water 201d or 201caww 201d ) is a delaware holding company .", "american water is the most geographically diversified , as well as the largest publicly-traded , united states water and wastewater utility company , as measured by both operating revenues and population served .", "as a holding company , we conduct substantially all of our business operations through our subsidiaries .", "our approximately 6400 employees provide an estimated 15 million people with drinking water , wastewater and/or other water-related services in 47 states and one canadian province .", "operating segments we report our results of operations in two operating segments : the regulated businesses and the market- based operations .", "additional information with respect to our operating segment results is included in the section entitled 201citem 7 2014management 2019s discussion and analysis of financial condition and results of operations , 201d and note 18 of the 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 .", "we report the results of this business in our regulated businesses segment .", "our subsidiaries that provide these services are generally subject to economic regulation by certain state commissions or other entities engaged in economic regulation , hereafter referred to as public utility commissions , or 201cpucs , 201d of the states in which we operate .", "the federal and state governments also regulate environmental , health and safety , and water quality matters .", "our regulated businesses segment operating revenues were $ 2674.3 million for 2014 , $ 2539.9 for 2013 , $ 2564.4 million for 2012 , accounting for 88.8% ( 88.8 % ) , 90.1% ( 90.1 % ) and 89.9% ( 89.9 % ) , respectively , of total operating revenues for the same periods .", "the following table sets forth our regulated businesses operating revenues , number of customers and an estimate of population served as of december 31 , 2014 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total ." ]

[ "( a ) includes illinois-american water company , which we refer to as ilawc and american lake water company , also a regulated subsidiary in illinois. ." ]

[ [ "", "OperatingRevenues(In millions)", "% of Total", "Number ofCustomers", "% of Total", "EstimatedPopulationServed(In millions)", "% of Total" ], [ "New Jersey", "$652.3", "24.5%", "648,066", "20.2%", "2.7", "22.7%" ], [ "Pennsylvania", "605.4", "22.6%", "666,415", "20.7%", "2.2", "18.5%" ], [ "Missouri", "270.2", "10.1%", "464,498", "14.4%", "1.5", "12.7%" ], [ "Illinois (a)", "262.3", "9.8%", "312,017", "9.7%", "1.3", "10.9%" ], [ "California", "209.8", "7.8%", "174,198", "5.4%", "0.6", "5.0%" ], [ "Indiana", "200.6", "7.5%", "293,666", "9.1%", "1.2", "10.1%" ], [ "West Virginia (b)", "127.0", "4.7%", "170,371", "5.3%", "0.6", "5.0%" ], [ "Subtotal (Top Seven States)", "2,327.6", "87.0%", "2,729,231", "84.8%", "10.1", "84.9%" ], [ "Other (c)", "346.7", "13.0%", "489,961", "15.2%", "1.8", "15.1%" ], [ "Total Regulated Businesses", "$2,674.3", "100.0%", "3,219,192", "100.0%", "11.9", "100.0%" ] ]

[ [ "new jersey", "operatingrevenues ( in millions ) $ 652.3", "% ( % ) of total 24.5% ( 24.5 % )", "number ofcustomers 648066", "% ( % ) of total 20.2% ( 20.2 % )", "estimatedpopulationserved ( in millions ) 2.7", "% ( % ) of total 22.7% ( 22.7 % )" ], [ "pennsylvania", "605.4", "22.6% ( 22.6 % )", "666415", "20.7% ( 20.7 % )", "2.2", "18.5% ( 18.5 % )" ], [ "missouri", "270.2", "10.1% ( 10.1 % )", "464498", "14.4% ( 14.4 % )", "1.5", "12.7% ( 12.7 % )" ], [ "illinois ( a )", "262.3", "9.8% ( 9.8 % )", "312017", "9.7% ( 9.7 % )", "1.3", "10.9% ( 10.9 % )" ], [ "california", "209.8", "7.8% ( 7.8 % )", "174198", "5.4% ( 5.4 % )", "0.6", "5.0% ( 5.0 % )" ], [ "indiana", "200.6", "7.5% ( 7.5 % )", "293666", "9.1% ( 9.1 % )", "1.2", "10.1% ( 10.1 % )" ], [ "west virginia ( b )", "127.0", "4.7% ( 4.7 % )", "170371", "5.3% ( 5.3 % )", "0.6", "5.0% ( 5.0 % )" ], [ "subtotal ( top seven states )", "2327.6", "87.0% ( 87.0 % )", "2729231", "84.8% ( 84.8 % )", "10.1", "84.9% ( 84.9 % )" ], [ "other ( c )", "346.7", "13.0% ( 13.0 % )", "489961", "15.2% ( 15.2 % )", "1.8", "15.1% ( 15.1 % )" ], [ "total regulated businesses", "$ 2674.3", "100.0% ( 100.0 % )", "3219192", "100.0% ( 100.0 % )", "11.9", "100.0% ( 100.0 % )" ] ]

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[ "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 )" ] ]

[]

[ "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": "32524", "arg2": "32379", "op": "minus1-1", "res": "145" }, { "arg1": "#0", "arg2": "32379", "op": "divide1-2", "res": "0.4%" } ]

[ "eog resources , inc .", "supplemental information to consolidated financial statements ( continued ) capitalized costs relating to oil and gas producing activities .", "the following table sets forth the capitalized costs relating to eog's crude oil and natural gas producing activities at december 31 , 2018 and 2017: ." ]

[ "costs incurred in oil and gas property acquisition , exploration and development activities .", "the acquisition , exploration and development costs disclosed in the following tables are in accordance with definitions in the extractive industries - oil and gas topic of the accounting standards codification ( asc ) .", "acquisition costs include costs incurred to purchase , lease or otherwise acquire property .", "exploration costs include additions to exploratory wells , including those in progress , and exploration expenses .", "development costs include additions to production facilities and equipment and additions to development wells , including those in progress. ." ]

[ [ "", "2018", "2017" ], [ "Proved properties", "$53,624,809", "$48,845,672" ], [ "Unproved properties", "3,705,207", "3,710,069" ], [ "Total", "57,330,016", "52,555,741" ], [ "Accumulated depreciation, depletion and amortization", "(31,674,085)", "(29,191,247)" ], [ "Net capitalized costs", "$25,655,931", "$23,364,494" ] ]

[ [ "", "2018", "2017" ], [ "proved properties", "$ 53624809", "$ 48845672" ], [ "unproved properties", "3705207", "3710069" ], [ "total", "57330016", "52555741" ], [ "accumulated depreciation depletion and amortization", "-31674085 ( 31674085 )", "-29191247 ( 29191247 )" ], [ "net capitalized costs", "$ 25655931", "$ 23364494" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) market and lease the unused tower space on the broadcast towers ( the economic rights ) .", "tv azteca retains title to these towers and is responsible for their operation and maintenance .", "the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants .", "the term of the economic rights agreement is seventy years ; however , tv azteca has the right to purchase , at fair market value , the economic rights from the company at any time during the last fifty years of the agreement .", "should tv azteca elect to purchase the economic rights ( in whole or in part ) , it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election .", "the company 2019s obligation to pay tv azteca $ 1.5 million annually would also be reduced proportionally .", "the company has accounted for the annual payment of $ 1.5 million as a capital lease ( initially recording an asset and a corresponding liability of approximately $ 18.6 million ) .", "the capital lease asset and the discount on the note , which aggregate approximately $ 30.2 million , represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement .", "on a quarterly basis , the company assesses the recoverability of its note receivable from tv azteca .", "as of december 31 , 2007 and 2006 , the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required .", "a former executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006 .", "as of december 31 , 2007 and 2006 , the company also had other long-term notes receivable outstanding of approximately $ 4.3 million and $ 11.0 million , respectively .", "8 .", "derivative financial instruments the company enters into interest rate protection agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments .", "under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract .", "such exposure was limited to the current value of the contract at the time the counterparty fails to perform .", "the company believes its contracts as of december 31 , 2007 and 2006 are with credit worthy institutions .", "as of december 31 , 2007 and 2006 , the carrying amounts of the company 2019s derivative financial instruments , along with the estimated fair values of the related assets reflected in notes receivable and other long-term assets and ( liabilities ) reflected in other long-term liabilities in the accompanying consolidated balance sheet , are as follows ( in thousands except percentages ) : as of december 31 , 2007 notional amount interest rate term carrying amount and fair value ." ]

[ "." ]

[ [ "As of December 31, 2007", "Notional Amount", "Interest Rate", "Term", "Carrying Amount and Fair Value" ], [ "Interest rate swap agreement", "$150,000", "3.95%", "Expiring in 2009", "$(369)" ], [ "Interest rate swap agreement", "100,000", "4.08%", "Expiring in 2010", "(571)" ], [ "Total", "$250,000", "", "", "$(940)" ] ]

[ [ "as of december 31 2007", "notional amount", "interest rate", "term", "carrying amount and fair value" ], [ "interest rate swap agreement", "$ 150000", "3.95% ( 3.95 % )", "expiring in 2009", "$ -369 ( 369 )" ], [ "interest rate swap agreement", "100000", "4.08% ( 4.08 % )", "expiring in 2010", "-571 ( 571 )" ], [ "total", "$ 250000", "", "", "$ -940 ( 940 )" ] ]

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