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MehdiHosseiniMoghadam

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ConvFinQA

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[ "38 2015 ppg annual report and form 10-k notes to the consolidated financial statements 1 .", "summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc .", "( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s .", "and non-u.s. , that it controls .", "ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls .", "for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests .", "investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting .", "as a result , ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in 201cinvestments 201d in the accompanying consolidated balance sheet .", "transactions between ppg and its subsidiaries are eliminated in consolidation .", "use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s .", "generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period .", "such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated .", "actual outcomes could differ from those estimates .", "revenue recognition the company recognizes revenue when the earnings process is complete .", "revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered .", "shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income .", "shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales , exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income .", "selling , general and administrative costs amounts presented as 201cselling , general and administrative 201d in the accompanying consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate- wide functional support in such areas as finance , law , human resources and planning .", "distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses , terminals and other distribution facilities .", "advertising costs advertising costs are expensed as incurred and totaled $ 324 million , $ 297 million and $ 235 million in 2015 , 2014 and 2013 , respectively .", "research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. ." ]

[ "legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred .", "foreign currency translation the functional currency of most significant non-u.s .", "operations is their local currency .", "assets and liabilities of those operations are translated into u.s .", "dollars using year-end exchange rates ; income and expenses are translated using the average exchange rates for the reporting period .", "unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss , a separate component of shareholders 2019 equity .", "cash equivalents cash equivalents are highly liquid investments ( valued at cost , which approximates fair value ) acquired with an original maturity of three months or less .", "short-term investments short-term investments are highly liquid , high credit quality investments ( valued at cost plus accrued interest ) that have stated maturities of greater than three months to one year .", "the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows .", "marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. ." ]

[ [ "($ in millions)", "2015", "2014", "2013" ], [ "Research and development – total", "$505", "$509", "$479" ], [ "Less depreciation on research facilities", "19", "17", "16" ], [ "Research and development, net", "$486", "$492", "$463" ] ]

[ [ "( $ in millions )", "2015", "2014", "2013" ], [ "research and development 2013 total", "$ 505", "$ 509", "$ 479" ], [ "less depreciation on research facilities", "19", "17", "16" ], [ "research and development net", "$ 486", "$ 492", "$ 463" ] ]

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[ "notes to consolidated financial statements 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. ) , gs bank usa and goldman sachs execution & clearing , l.p .", "( gsec ) , subject to certain exceptions .", "in november 2008 , the firm contributed subsidiaries into gs bank usa , and group inc .", "agreed to guarantee the reimbursement of certain losses , including credit-related losses , relating to assets held by the contributed entities .", "in connection with this guarantee , group inc .", "also agreed to pledge to gs bank usa certain collateral , including interests in subsidiaries and other illiquid assets .", "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 $ 2.25 in 2014 , $ 2.05 in 2013 and $ 1.77 in 2012 .", "on january 15 , 2015 , group inc .", "declared a dividend of $ 0.60 per common share to be paid on march 30 , 2015 to common shareholders of record on march 2 , 2015 .", "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 during 2014 , 2013 and 2012. ." ]

[ "total cost of common share repurchases $ 5469 $ 6175 $ 4637 pursuant to the terms of certain share-based compensation plans , employees may remit shares to the firm or the firm may cancel restricted stock units ( rsus ) or stock options to satisfy minimum statutory employee tax withholding requirements and the exercise price of stock options .", "under these plans , during 2014 , 2013 and 2012 , employees remitted 174489 shares , 161211 shares and 33477 shares with a total value of $ 31 million , $ 25 million and $ 3 million , and the firm cancelled 5.8 million , 4.0 million and 12.7 million of rsus with a total value of $ 974 million , $ 599 million and $ 1.44 billion .", "under these plans , the firm also cancelled 15.6 million stock options with a total value of $ 2.65 billion during 2014 .", "170 goldman sachs 2014 annual report ." ]

[ [ "", "Year Ended December" ], [ "<i>in millions, except per share amounts</i>", "2014", "2013", "2012" ], [ "Common share repurchases", "31.8", "39.3", "42.0" ], [ "Average cost per share", "$171.79", "$157.11", "$110.31" ], [ "Total cost of common share repurchases", "$ 5,469", "$ 6,175", "$ 4,637" ] ]

[ [ "in millions except per share amounts", "year ended december 2014", "year ended december 2013", "year ended december 2012" ], [ "common share repurchases", "31.8", "39.3", "42.0" ], [ "average cost per share", "$ 171.79", "$ 157.11", "$ 110.31" ], [ "total cost of common share repurchases", "$ 5469", "$ 6175", "$ 4637" ] ]

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[ "part ii item 5 .", "market for registrant 2019s common equity and related stockholder matters recent sales of unregistered securities during the fourth quarter of 2003 , aes issued an aggregated of 20.2 million shares of its common stock in exchange for $ 20 million aggregate principal amount of its senior notes .", "the shares were issued without registration in reliance upon section 3 ( a ) ( 9 ) under the securities act of 1933 .", "market information our common stock is currently traded on the new york stock exchange ( 2018 2018nyse 2019 2019 ) under the symbol 2018 2018aes . 2019 2019 the following tables set forth the high and low sale prices for our common stock as reported by the nyse for the periods indicated .", "price range of common stock ." ]

[ "holders as of march 3 , 2004 , there were 9026 record holders of our common stock , par value $ 0.01 per share .", "dividends under the terms of our senior secured credit facilities , which we entered into with a commercial bank syndicate , we are not allowed to pay cash dividends .", "in addition , under the terms of a guaranty we provided to the utility customer in connection with the aes thames project , we are precluded from paying cash dividends on our common stock if we do not meet certain net worth and liquidity tests .", "our project subsidiaries 2019 ability to declare and pay cash dividends to us is subject to certain limitations contained in the project loans , governmental provisions and other agreements that our project subsidiaries are subject to .", "see item 12 ( d ) of this form 10-k for information regarding securities authorized for issuance under equity compensation plans. ." ]

[ [ "2003", "High", "Low", "2002", "High", "Low" ], [ "First Quarter", "$4.04", "$2.72", "First Quarter", "$17.84", "$4.11" ], [ "Second Quarter", "8.37", "3.75", "Second Quarter", "9.17", "3.55" ], [ "Third Quarter", "7.70", "5.91", "Third Quarter", "4.61", "1.56" ], [ "Fourth Quarter", "9.50", "7.57", "Fourth Quarter", "3.57", "0.95" ] ]

[ [ "2003 first quarter", "high $ 4.04", "low $ 2.72", "2002 first quarter", "high $ 17.84", "low $ 4.11" ], [ "second quarter", "8.37", "3.75", "second quarter", "9.17", "3.55" ], [ "third quarter", "7.70", "5.91", "third quarter", "4.61", "1.56" ], [ "fourth quarter", "9.50", "7.57", "fourth quarter", "3.57", "0.95" ] ]

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[ "entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds .", "( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .", "( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service .", "the contracts include a one-time fee for generation prior to april 7 , 1983 .", "entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt .", "( d ) see note 10 to the financial statements for further discussion of the waterford 3 lease obligation and entergy louisiana 2019s acquisition of the equity participant 2019s beneficial interest in the waterford 3 leased assets and for further discussion of the grand gulf lease obligation .", "( e ) this note does not have a stated interest rate , but has an implicit interest rate of 7.458% ( 7.458 % ) .", "( f ) the fair value excludes lease obligations of $ 57 million at entergy louisiana and $ 34 million at system energy , and long-term doe obligations of $ 182 million at entergy arkansas , and includes debt due within one year .", "fair values are classified as level 2 in the fair value hierarchy discussed in note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades .", "the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2016 , for the next five years are as follows : amount ( in thousands ) ." ]

[ "in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .", "as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date .", "in october 2015 , entergy announced a planned shutdown of fitzpatrick at the end of its fuel cycle .", "as a result of the announcement , entergy reduced this liability by $ 26.4 million pursuant to the terms of the purchase agreement .", "in august 2016 , entergy entered into a trust transfer agreement with nypa to transfer the decommissioning trust funds and decommissioning liabilities for the indian point 3 and fitzpatrick plants to entergy .", "as part of the trust transfer agreement , the original decommissioning agreements were amended , and the entergy subsidiaries 2019 obligation to make additional license extension payments to nypa was eliminated .", "in the third quarter 2016 , entergy removed the note payable of $ 35.1 million from the consolidated balance sheet .", "entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 .", "entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 .", "entergy new orleans has obtained long-term financing authorization from the city council that extends through june 2018 .", "capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; ." ]

[ [ "", "Amount (In Thousands)" ], [ "2017", "$307,403" ], [ "2018", "$828,084" ], [ "2019", "$724,899" ], [ "2020", "$795,000" ], [ "2021", "$1,674,548" ] ]

[ [ "", "amount ( in thousands )" ], [ "2017", "$ 307403" ], [ "2018", "$ 828084" ], [ "2019", "$ 724899" ], [ "2020", "$ 795000" ], [ "2021", "$ 1674548" ] ]

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[ "in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 30 , dec 31 , dec 26 ." ]

[ "operating activities cash provided by operating activities is net income adjusted for certain non-cash items and changes in assets and liabilities .", "for 2017 compared to 2016 , the $ 302 million increase in cash provided by operating activities was due to changes to working capital partially offset by adjustments for non-cash items and lower net income .", "tax reform did not have an impact on our 2017 cash provided by operating activities .", "the increase in cash provided by operating activities was driven by increased income before taxes and $ 1.0 billion receipts of customer deposits .", "these increases were partially offset by increased inventory and accounts receivable .", "income taxes paid , net of refunds , in 2017 compared to 2016 were $ 2.9 billion higher due to higher income before taxes , taxable gains on sales of asml , and taxes on the isecg divestiture .", "we expect approximately $ 2.0 billion of additional customer deposits in 2018 .", "for 2016 compared to 2015 , the $ 2.8 billion increase in cash provided by operating activities was due to adjustments for non-cash items and changes in working capital , partially offset by lower net income .", "the adjustments for non-cash items were higher in 2016 primarily due to restructuring and other charges and the change in deferred taxes , partially offset by lower depreciation .", "investing activities investing cash flows consist primarily of capital expenditures ; investment purchases , sales , maturities , and disposals ; and proceeds from divestitures and cash used for acquisitions .", "our capital expenditures were $ 11.8 billion in 2017 ( $ 9.6 billion in 2016 and $ 7.3 billion in 2015 ) .", "the decrease in cash used for investing activities in 2017 compared to 2016 was primarily due to higher net activity of available-for sale-investments in 2017 , proceeds from our divestiture of isecg in 2017 , and higher maturities and sales of trading assets in 2017 .", "this activity was partially offset by higher capital expenditures in 2017 .", "the increase in cash used for investing activities in 2016 compared to 2015 was primarily due to our completed acquisition of altera , net purchases of trading assets in 2016 compared to net sales of trading assets in 2015 , and higher capital expenditures in 2016 .", "this increase was partially offset by lower investments in non-marketable equity investments .", "financing activities financing cash flows consist primarily of repurchases of common stock , payment of dividends to stockholders , issuance and repayment of short-term and long-term debt , and proceeds from the sale of shares of common stock through employee equity incentive plans .", "the increase in cash used for financing activities in 2017 compared to 2016 was primarily due to net long-term debt activity , which was a use of cash in 2017 compared to a source of cash in 2016 .", "during 2017 , we repurchased $ 3.6 billion of common stock under our authorized common stock repurchase program , compared to $ 2.6 billion in 2016 .", "as of december 30 , 2017 , $ 13.2 billion remained available for repurchasing common stock under the existing repurchase authorization limit .", "we base our level of common stock repurchases on internal cash management decisions , and this level may fluctuate .", "proceeds from the sale of common stock through employee equity incentive plans totaled $ 770 million in 2017 compared to $ 1.1 billion in 2016 .", "our total dividend payments were $ 5.1 billion in 2017 compared to $ 4.9 billion in 2016 .", "we have paid a cash dividend in each of the past 101 quarters .", "in january 2018 , our board of directors approved an increase to our cash dividend to $ 1.20 per share on an annual basis .", "the board has declared a quarterly cash dividend of $ 0.30 per share of common stock for q1 2018 .", "the dividend is payable on march 1 , 2018 to stockholders of record on february 7 , 2018 .", "cash was used for financing activities in 2016 compared to cash provided by financing activities in 2015 , primarily due to fewer debt issuances and the repayment of debt in 2016 .", "this activity was partially offset by repayment of commercial paper in 2015 and fewer common stock repurchases in 2016 .", "md&a - results of operations consolidated results and analysis 37 ." ]

[ [ "Years Ended(In Millions)", "Dec 30,2017", "Dec 31,2016", "Dec 26,2015" ], [ "Net cash provided by operating activities", "$22,110", "$21,808", "$19,018" ], [ "Net cash used for investing activities", "(15,762)", "(25,817)", "(8,183)" ], [ "Net cash provided by (used for) financing activities", "(8,475)", "(5,739)", "1,912" ], [ "Net increase (decrease) in cash and cash equivalents", "$(2,127)", "$(9,748)", "$12,747" ] ]

[ [ "years ended ( in millions )", "dec 302017", "dec 312016", "dec 262015" ], [ "net cash provided by operating activities", "$ 22110", "$ 21808", "$ 19018" ], [ "net cash used for investing activities", "-15762 ( 15762 )", "-25817 ( 25817 )", "-8183 ( 8183 )" ], [ "net cash provided by ( used for ) financing activities", "-8475 ( 8475 )", "-5739 ( 5739 )", "1912" ], [ "net increase ( decrease ) in cash and cash equivalents", "$ -2127 ( 2127 )", "$ -9748 ( 9748 )", "$ 12747" ] ]

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[ "december 2016 acquisition of camber and higher volumes in fleet support and oil and gas services , partially offset by lower nuclear and environmental volumes due to the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract .", "segment operating income 2018 - operating income in the technical solutions segment for the year ended december 31 , 2018 , was $ 32 million , compared to operating income of $ 21 million in 2017 .", "the increase was primarily due to an allowance for accounts receivable in 2017 on a nuclear and environmental commercial contract and higher income from operating investments at our nuclear and environmental joint ventures , partially offset by one time employee bonus payments in 2018 related to the tax act and lower performance in fleet support services .", "2017 - operating income in the technical solutions segment for the year ended december 31 , 2017 , was $ 21 million , compared to operating income of $ 8 million in 2016 .", "the increase was primarily due to improved performance in oil and gas services and higher volume in mdis services following the december 2016 acquisition of camber , partially offset by the establishment of an allowance for accounts receivable on a nuclear and environmental commercial contract in 2017 and the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract .", "backlog total backlog as of december 31 , 2018 , was approximately $ 23 billion .", "total backlog includes both funded backlog ( firm orders for which funding is contractually obligated by the customer ) and unfunded backlog ( firm orders for which funding is not currently contractually obligated by the customer ) .", "backlog excludes unexercised contract options and unfunded idiq orders .", "for contracts having no stated contract values , backlog includes only the amounts committed by the customer .", "the following table presents funded and unfunded backlog by segment as of december 31 , 2018 and 2017: ." ]

[ "we expect approximately 30% ( 30 % ) of the $ 23 billion total backlog as of december 31 , 2018 , to be converted into sales in 2019 .", "u.s .", "government orders comprised substantially all of the backlog as of december 31 , 2018 and 2017 .", "awards 2018 - the value of new contract awards during the year ended december 31 , 2018 , was approximately $ 9.8 billion .", "significant new awards during the period included contracts for the construction of three arleigh burke class ( ddg 51 ) destroyers , for the detail design and construction of richard m .", "mccool jr .", "( lpd 29 ) , for procurement of long-lead-time material for enterprise ( cvn 80 ) , and for the construction of nsc 10 ( unnamed ) and nsc 11 ( unnamed ) .", "in addition , we received awards in 2019 valued at $ 15.2 billion for detail design and construction of the gerald r .", "ford class ( cvn 78 ) aircraft carriers enterprise ( cvn 80 ) and cvn 81 ( unnamed ) .", "2017 - the value of new contract awards during the year ended december 31 , 2017 , was approximately $ 8.1 billion .", "significant new awards during this period included the detailed design and construction contract for bougainville ( lha 8 ) and the execution contract for the rcoh of uss george washington ( cvn 73 ) . ." ]

[ [ "", "December 31, 2018", "December 31, 2017" ], [ "($ in millions)", "Funded", "Unfunded", "Total Backlog", "Funded", "Unfunded", "Total Backlog" ], [ "Ingalls", "$9,943", "$1,422", "$11,365", "$5,920", "$2,071", "$7,991" ], [ "Newport News", "6,767", "4,144", "10,911", "6,976", "5,608", "12,584" ], [ "Technical Solutions", "339", "380", "719", "478", "314", "792" ], [ "Total backlog", "$17,049", "$5,946", "$22,995", "$13,374", "$7,993", "$21,367" ] ]

[ [ "( $ in millions )", "december 31 2018 funded", "december 31 2018 unfunded", "december 31 2018 total backlog", "december 31 2018 funded", "december 31 2018 unfunded", "total backlog" ], [ "ingalls", "$ 9943", "$ 1422", "$ 11365", "$ 5920", "$ 2071", "$ 7991" ], [ "newport news", "6767", "4144", "10911", "6976", "5608", "12584" ], [ "technical solutions", "339", "380", "719", "478", "314", "792" ], [ "total backlog", "$ 17049", "$ 5946", "$ 22995", "$ 13374", "$ 7993", "$ 21367" ] ]

[]

[ "2022 expand client relationships - the overall market we serve continues to gravitate beyond single-application purchases to multi-solution partnerships .", "as the market dynamics shift , we expect our clients and prospects to rely more on our multidimensional service offerings .", "our leveraged solutions and processing expertise can produce meaningful value and cost savings for our clients through more efficient operating processes , improved service quality and convenience for our clients' customers .", "2022 build global diversification - we continue to deploy resources in global markets where we expect to achieve meaningful scale .", "revenues by segment the table below summarizes our revenues by reporting segment ( in millions ) : ." ]

[ "integrated financial solutions ( \"ifs\" ) the ifs segment is focused primarily on serving north american regional and community bank and savings institutions for transaction and account processing , payment solutions , channel solutions , digital channels , fraud , risk management and compliance solutions , lending and wealth and retirement solutions , and corporate liquidity , capitalizing on the continuing trend to outsource these solutions .", "clients in this segment include regional and community banks , credit unions and commercial lenders , as well as government institutions , merchants and other commercial organizations .", "these markets are primarily served through integrated solutions and characterized by multi-year processing contracts that generate highly recurring revenues .", "the predictable nature of cash flows generated from this segment provides opportunities for further investments in innovation , integration , information and security , and compliance in a cost-effective manner .", "our solutions in this segment include : 2022 core processing and ancillary applications .", "our core processing software applications are designed to run banking processes for our financial institution clients , including deposit and lending systems , customer management , and other central management systems , serving as the system of record for processed activity .", "our diverse selection of market- focused core systems enables fis to compete effectively in a wide range of markets .", "we also offer a number of services that are ancillary to the primary applications listed above , including branch automation , back-office support systems and compliance support .", "2022 digital solutions , including internet , mobile and ebanking .", "our comprehensive suite of retail delivery applications enables financial institutions to integrate and streamline customer-facing operations and back-office processes , thereby improving customer interaction across all channels ( e.g. , branch offices , internet , atm , mobile , call centers ) .", "fis' focus on consumer access has driven significant market innovation in this area , with multi-channel and multi-host solutions and a strategy that provides tight integration of services and a seamless customer experience .", "fis is a leader in mobile banking solutions and electronic banking enabling clients to manage banking and payments through the internet , mobile devices , accounting software and telephone .", "our corporate electronic banking solutions provide commercial treasury capabilities including cash management services and multi-bank collection and disbursement services that address the specialized needs of corporate clients .", "fis systems provide full accounting and reconciliation for such transactions , serving also as the system of record. ." ]

[ [ "", "2017", "2016", "2015" ], [ "IFS", "$4,630", "$4,525", "$3,809" ], [ "GFS", "4,138", "4,250", "2,361" ], [ "Corporate and Other", "355", "466", "426" ], [ "Total Consolidated Revenues", "$9,123", "$9,241", "$6,596" ] ]

[ [ "", "2017", "2016", "2015" ], [ "ifs", "$ 4630", "$ 4525", "$ 3809" ], [ "gfs", "4138", "4250", "2361" ], [ "corporate and other", "355", "466", "426" ], [ "total consolidated revenues", "$ 9123", "$ 9241", "$ 6596" ] ]

[]

[ "segment includes awe and our share of earnings for our investment in ula , which provides expendable launch services to the u.s .", "government .", "space systems 2019 operating results included the following ( in millions ) : ." ]

[ "2016 compared to 2015 space systems 2019 net sales in 2016 increased $ 304 million , or 3% ( 3 % ) , compared to 2015 .", "the increase was attributable to net sales of approximately $ 410 million from awe following the consolidation of this business in the third quarter of 2016 ; and approximately $ 150 million for commercial space transportation programs due to increased launch-related activities ; and approximately $ 70 million of higher net sales for various programs ( primarily fleet ballistic missiles ) due to increased volume .", "these increases were partially offset by a decrease in net sales of approximately $ 340 million for government satellite programs due to decreased volume ( primarily sbirs and muos ) and the wind-down or completion of mission solutions programs .", "space systems 2019 operating profit in 2016 increased $ 118 million , or 10% ( 10 % ) , compared to 2015 .", "the increase was primarily attributable to a non-cash , pre-tax gain of approximately $ 127 million related to the consolidation of awe ; and approximately $ 80 million of increased equity earnings from joint ventures ( primarily ula ) .", "these increases were partially offset by a decrease of approximately $ 105 million for government satellite programs due to lower risk retirements ( primarily sbirs , muos and mission solutions programs ) and decreased volume .", "adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 185 million lower in 2016 compared to 2015 .", "2015 compared to 2014 space systems 2019 net sales in 2015 decreased $ 97 million , or 1% ( 1 % ) , compared to 2014 .", "the decrease was attributable to approximately $ 335 million lower net sales for government satellite programs due to decreased volume ( primarily aehf ) and the wind-down or completion of mission solutions programs ; and approximately $ 55 million for strategic missile and defense systems due to lower volume .", "these decreases were partially offset by higher net sales of approximately $ 235 million for businesses acquired in 2014 ; and approximately $ 75 million for the orion program due to increased volume .", "space systems 2019 operating profit in 2015 decreased $ 16 million , or 1% ( 1 % ) , compared to 2014 .", "operating profit increased approximately $ 85 million for government satellite programs due primarily to increased risk retirements .", "this increase was offset by lower operating profit of approximately $ 65 million for commercial satellite programs due to performance matters on certain programs ; and approximately $ 35 million due to decreased equity earnings in joint ventures .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million higher in 2015 compared to 2014 .", "equity earnings total equity earnings recognized by space systems ( primarily ula ) represented approximately $ 325 million , $ 245 million and $ 280 million , or 25% ( 25 % ) , 21% ( 21 % ) and 24% ( 24 % ) of this business segment 2019s operating profit during 2016 , 2015 and backlog backlog increased in 2016 compared to 2015 primarily due to the addition of awe 2019s backlog .", "backlog decreased in 2015 compared to 2014 primarily due to lower orders for government satellite programs and the orion program and higher sales on the orion program .", "trends we expect space systems 2019 2017 net sales to decrease in the mid-single digit percentage range as compared to 2016 , driven by program lifecycles on government satellite programs , partially offset by the recognition of awe net sales for a full year in 2017 versus a partial year in 2016 following the consolidation of awe in the third quarter of 2016 .", "operating profit ." ]

[ [ "", "2016", "2015", "2014" ], [ "Net sales", "$9,409", "$9,105", "$9,202" ], [ "Operating profit", "1,289", "1,171", "1,187" ], [ "Operating margin", "13.7%", "12.9%", "12.9%" ], [ "Backlog atyear-end", "$18,900", "$17,400", "$20,300" ] ]

[ [ "", "2016", "2015", "2014" ], [ "net sales", "$ 9409", "$ 9105", "$ 9202" ], [ "operating profit", "1289", "1171", "1187" ], [ "operating margin", "13.7% ( 13.7 % )", "12.9% ( 12.9 % )", "12.9% ( 12.9 % )" ], [ "backlog atyear-end", "$ 18900", "$ 17400", "$ 20300" ] ]

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[ "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" ] ]

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[ "table of contents index to financial statements item 3 .", "legal proceedings .", "item 4 .", "mine safety disclosures .", "not applicable .", "part ii price range our common stock trades on the nasdaq global select market under the symbol 201cmktx 201d .", "the range of closing price information for our common stock , as reported by nasdaq , was as follows : on february 16 , 2012 , the last reported closing price of our common stock on the nasdaq global select market was $ 32.65 .", "holders there were 41 holders of record of our common stock as of february 16 , 2012 .", "dividend policy we initiated a regular quarterly dividend in the fourth quarter of 2009 .", "during 2010 and 2011 , we paid quarterly cash dividends of $ 0.07 per share and $ 0.09 per share , respectively .", "in january 2012 , our board of directors approved a quarterly cash dividend of $ 0.11 per share payable on march 1 , 2012 to stockholders of record as of the close of business on february 16 , 2012 .", "any future declaration and payment of dividends will be at the sole discretion of the company 2019s board of directors .", "the board of directors may take into account such matters as general business conditions , the company 2019s financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends to the company 2019s stockholders or by the company 2019s subsidiaries to the parent and any such other factors as the board of directors may deem relevant .", "recent sales of unregistered securities item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities. ." ]

[ "." ]

[ [ "2011:", "High", "Low" ], [ "January 1, 2011 to March 31, 2011", "$24.19", "$19.78" ], [ "April 1, 2011 to June 30, 2011", "$25.22", "$21.00" ], [ "July 1, 2011 to September 30, 2011", "$30.75", "$23.41" ], [ "October 1, 2011 to December 31, 2011", "$31.16", "$24.57" ], [ "2010:", "High", "Low" ], [ "January 1, 2010 to March 31, 2010", "$16.20", "$13.25" ], [ "April 1, 2010 to June 30, 2010", "$17.40", "$13.45" ], [ "July 1, 2010 to September 30, 2010", "$17.30", "$12.39" ], [ "October 1, 2010 to December 31, 2010", "$20.93", "$16.93" ] ]

[ [ "2011:", "high", "low" ], [ "january 1 2011 to march 31 2011", "$ 24.19", "$ 19.78" ], [ "april 1 2011 to june 30 2011", "$ 25.22", "$ 21.00" ], [ "july 1 2011 to september 30 2011", "$ 30.75", "$ 23.41" ], [ "october 1 2011 to december 31 2011", "$ 31.16", "$ 24.57" ], [ "2010:", "high", "low" ], [ "january 1 2010 to march 31 2010", "$ 16.20", "$ 13.25" ], [ "april 1 2010 to june 30 2010", "$ 17.40", "$ 13.45" ], [ "july 1 2010 to september 30 2010", "$ 17.30", "$ 12.39" ], [ "october 1 2010 to december 31 2010", "$ 20.93", "$ 16.93" ] ]

[]

[ "other taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 .", "in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized .", "dominion energy 2002 2001 2000 ( millions , except per share amounts ) ." ]

[ "* amounts presented are for electricity supplied by utility and merchant generation operations .", "operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 .", "net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) .", "interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 .", "the earnings per share decrease reflected share dilution .", "regulated electric sales revenue increased $ 179 million .", "favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively .", "fuel rate recoveries increased approximately $ 65 million for 2002 .", "these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income .", "partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts .", "nonregulated electric sales revenue increased $ 9 million .", "sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 .", "revenue from the wholesale marketing of utility generation decreased $ 74 million .", "due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market .", "revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year .", "net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins .", "nonregulated gas sales revenue decreased $ 351 million .", "the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices .", "revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million .", "the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment .", "as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy .", "the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins .", "those losses were partially offset by contributions from higher trading volumes in gas and oil markets .", "gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates .", "electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations .", "substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year .", "for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation .", "purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations .", "this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes .", "liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period .", "the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments .", "other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year .", "depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations .", "other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t ." ]

[ [ "(millions, except pershare amounts)", "2002", "2001", "2000" ], [ "Operating revenue", "$5,940", "$6,144", "$4,894" ], [ "Operating expenses", "4,520", "4,749", "3,939" ], [ "Net income contribution", "770", "723", "489" ], [ "Earnings per share contribution", "$2.72", "$2.86", "$2.07" ], [ "Electricity supplied* (million mwhrs)", "101", "95", "83" ], [ "Gas transmission throughput (bcf)", "597", "553", "567" ] ]

[ [ "( millions except pershare amounts )", "2002", "2001", "2000" ], [ "operating revenue", "$ 5940", "$ 6144", "$ 4894" ], [ "operating expenses", "4520", "4749", "3939" ], [ "net income contribution", "770", "723", "489" ], [ "earnings per share contribution", "$ 2.72", "$ 2.86", "$ 2.07" ], [ "electricity supplied* ( million mwhrs )", "101", "95", "83" ], [ "gas transmission throughput ( bcf )", "597", "553", "567" ] ]

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[ "stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .", "the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .", "comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .", "s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .", "fiscal year ending may 31 .", "global payments s&p 500 information technology ." ]

[ "issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .", "under this authorization , we have repurchased 2.3 million shares of our common stock .", "this authorization has no expiration date and may be suspended or terminated at any time .", "repurchased shares will be retired but will be available for future issuance. ." ]

[ [ "", "Global Payments", "S&P 500", "S&P Information Technology" ], [ "May 31, 2003", "$100.00", "$100.00", "$100.00" ], [ "May 31, 2004", "137.75", "118.33", "121.98" ], [ "May 31, 2005", "205.20", "128.07", "123.08" ], [ "May 31, 2006", "276.37", "139.14", "123.99" ], [ "May 31, 2007", "238.04", "170.85", "152.54" ], [ "May 31, 2008", "281.27", "159.41", "156.43" ] ]

[ [ "", "global payments", "s&p 500", "s&p information technology" ], [ "may 31 2003", "$ 100.00", "$ 100.00", "$ 100.00" ], [ "may 31 2004", "137.75", "118.33", "121.98" ], [ "may 31 2005", "205.20", "128.07", "123.08" ], [ "may 31 2006", "276.37", "139.14", "123.99" ], [ "may 31 2007", "238.04", "170.85", "152.54" ], [ "may 31 2008", "281.27", "159.41", "156.43" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements when they are determined uncollectible .", "such determination includes analysis and consideration of the particular conditions of the account .", "changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : ." ]

[ "functional currency 2014as a result of changes to the organizational structure of the company 2019s subsidiaries in latin america in 2010 , the company determined that effective january 1 , 2010 , the functional currency of its foreign subsidiary in brazil is the brazilian real .", "from that point forward , all assets and liabilities held by the subsidiary in brazil are translated into u.s .", "dollars at the exchange rate in effect at the end of the applicable reporting period .", "revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity .", "the change in functional currency from u.s .", "dollars to brazilian real gave rise to an increase in the net value of certain non-monetary assets and liabilities .", "the aggregate impact on such assets and liabilities was $ 39.8 million with an offsetting increase in accumulated other comprehensive income during the year ended december 31 , 2010 .", "as a result of the renegotiation of the company 2019s agreements with grupo iusacell , s.a .", "de c.v .", "( 201ciusacell 201d ) , which included , among other changes , converting iusacell 2019s contractual obligations to the company from u.s .", "dollars to mexican pesos , the company determined that effective april 1 , 2010 , the functional currency of certain of its foreign subsidiaries in mexico is the mexican peso .", "from that point forward , all assets and liabilities held by those subsidiaries in mexico are translated into u.s .", "dollars at the exchange rate in effect at the end of the applicable reporting period .", "revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in equity .", "the change in functional currency from u.s .", "dollars to mexican pesos gave rise to a decrease in the net value of certain non-monetary assets and liabilities .", "the aggregate impact on such assets and liabilities was $ 33.6 million with an offsetting decrease in accumulated other comprehensive income .", "the functional currency of the company 2019s other foreign operating subsidiaries is also the respective local currency .", "all assets and liabilities held by the subsidiaries are translated into u.s .", "dollars at the exchange rate in effect at the end of the applicable fiscal reporting period .", "revenues and expenses are translated at the average monthly exchange rates .", "the cumulative translation effect is included in equity as a component of accumulated other comprehensive income .", "foreign currency transaction gains and losses are recognized in the consolidated statements of operations and are the result of transactions of a subsidiary being denominated in a currency other than its functional currency .", "cash and cash equivalents 2014cash and cash equivalents include cash on hand , demand deposits and short-term investments , including money market funds , with remaining maturities of three months or less when acquired , whose cost approximates fair value .", "restricted cash 2014the company classifies as restricted cash all cash pledged as collateral to secure obligations and all cash whose use is otherwise limited by contractual provisions , including cash on deposit in reserve accounts relating to the commercial mortgage pass-through certificates , series 2007-1 issued in the company 2019s securitization transaction and the secured cellular site revenue notes , series 2010-1 class c , series 2010-2 class c and series 2010-2 class f , assumed by the company as a result of the acquisition of certain legal entities from unison holdings , llc and unison site management ii , l.l.c .", "( collectively , 201cunison 201d ) . ." ]

[ [ "", "2012", "2011", "2010" ], [ "Balance as of January 1", "$24,412", "$22,505", "$28,520" ], [ "Current year increases", "8,028", "17,008", "16,219" ], [ "Write-offs, net of recoveries and other", "(12,034)", "(15,101)", "(22,234)" ], [ "Balance as of December 31", "$20,406", "$24,412", "$22,505" ] ]

[ [ "", "2012", "2011", "2010" ], [ "balance as of january 1", "$ 24412", "$ 22505", "$ 28520" ], [ "current year increases", "8028", "17008", "16219" ], [ "write-offs net of recoveries and other", "-12034 ( 12034 )", "-15101 ( 15101 )", "-22234 ( 22234 )" ], [ "balance as of december 31", "$ 20406", "$ 24412", "$ 22505" ] ]

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[ "consolidated income statement review our consolidated income statement is presented in item 8 of this report .", "net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 .", "revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 .", "further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review .", "net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 ." ]

[ "changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding .", "see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information .", "the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs .", "purchase accounting accretion remained stable at $ 1.1 billion in both periods .", "the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 .", "the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets .", "the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources .", "the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment .", "with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries .", "for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison .", "we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues .", "noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 .", "the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations .", "asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 .", "this increase was primarily due to higher earnings from our blackrock investment .", "discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance .", "for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 .", "the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth .", "as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 .", "this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition .", "corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 .", "the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities .", "see the product revenue portion of this consolidated income statement review for further detail .", "the pnc financial services group , inc .", "2013 form 10-k 39 ." ]

[ [ "Year ended December 31Dollars in millions", "2012", "2011" ], [ "Net interest income", "$9,640", "$8,700" ], [ "Net interest margin", "3.94%", "3.92%" ] ]

[ [ "year ended december 31dollars in millions", "2012", "2011" ], [ "net interest income", "$ 9640", "$ 8700" ], [ "net interest margin", "3.94% ( 3.94 % )", "3.92% ( 3.92 % )" ] ]

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[ "backlog applied manufactures systems to meet demand represented by order backlog and customer commitments .", "backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months .", "backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) ." ]

[ "applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations .", "customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties .", "delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations .", "manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems .", "applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia .", "applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites .", "although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible .", "accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers .", "applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. ." ]

[ [ "", "2015", "2014", "", "(In millions, except percentages)" ], [ "Silicon Systems", "$1,720", "55%", "$1,400", "48%" ], [ "Applied Global Services", "812", "26%", "775", "27%" ], [ "Display", "525", "16%", "593", "20%" ], [ "Energy and Environmental Solutions", "85", "3%", "149", "5%" ], [ "Total", "$3,142", "100%", "$2,917", "100%" ] ]

[ [ "", "2015", "2014", "", "( in millions except percentages )" ], [ "silicon systems", "$ 1720", "55% ( 55 % )", "$ 1400", "48% ( 48 % )" ], [ "applied global services", "812", "26% ( 26 % )", "775", "27% ( 27 % )" ], [ "display", "525", "16% ( 16 % )", "593", "20% ( 20 % )" ], [ "energy and environmental solutions", "85", "3% ( 3 % )", "149", "5% ( 5 % )" ], [ "total", "$ 3142", "100% ( 100 % )", "$ 2917", "100% ( 100 % )" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) pro forma disclosure 2014the company has adopted the disclosure-only provisions of sfas no .", "123 , as amended by sfas no .", "148 , and has presented such disclosure in note 1 .", "the 201cfair value 201d of each option grant is estimated on the date of grant using the black-scholes option pricing model .", "the weighted average fair values of the company 2019s options granted during 2004 , 2003 and 2002 were $ 7.05 , $ 6.32 , and $ 2.23 per share , respectively .", "key assumptions used to apply this pricing model are as follows: ." ]

[ "voluntary option exchanges 2014in february 2004 , the company issued to eligible employees 1032717 options with an exercise price of $ 11.19 per share , the fair market value of the class a common stock on the date of grant .", "these options were issued in connection with a voluntary option exchange program entered into by the company in august 2003 , where the company accepted for surrender and cancelled options ( having an exercise price of $ 10.25 or greater ) to purchase 1831981 shares of its class a common stock .", "the program , which was offered to both full and part-time employees , excluding the company 2019s executive officers and its directors , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option .", "no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date .", "in may 2002 , the company issued to eligible employees 2027612 options with an exercise price of $ 3.84 per share , the fair market value of the class a common stock on the date of grant .", "these options were issued in connection with a voluntary option exchange program entered into by the company in october 2001 , where the company accepted for surrender and cancelled options to purchase 3471211 shares of its class a common stock .", "the program , which was offered to both full and part-time employees , excluding most of the company 2019s executive officers , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option .", "no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date .", "atc mexico holding stock option plan 2014the company maintains a stock option plan in its atc mexico subsidiary ( atc mexico plan ) .", "the atc mexico plan provides for the issuance of options to officers , employees , directors and consultants of atc mexico .", "the atc mexico plan limits the number of shares of common stock which may be granted to an aggregate of 360 shares , subject to adjustment based on changes in atc mexico 2019s capital structure .", "during 2002 , atc mexico granted options to purchase 318 shares of atc mexico common stock to officers and employees .", "such options were issued at one time with an exercise price of $ 10000 per share .", "the exercise price per share was at fair market value as determined by the board of directors with the assistance of an independent appraisal performed at the company 2019s request .", "the fair value of atc mexico plan options granted during 2002 were $ 3611 per share as determined by using the black-scholes option pricing model .", "as described in note 10 , all outstanding options were exercised in march 2004 .", "no options under the atc mexico plan were granted in 2004 or 2003 , or exercised or cancelled in 2003 or 2002 , and no options were exercisable as of december 31 , 2003 or 2002 .", "( see note 10. ) ." ]

[ [ "", "2004", "2003", "2002" ], [ "Approximate risk-free interest rate", "4.23%", "4.00%", "4.53%" ], [ "Expected life of option grants", "4 years", "4 years", "5 years" ], [ "Expected volatility of underlying stock (the Company Plan)", "80.6%", "86.6%", "92.3%" ], [ "Expected volatility of underlying stock (ATC Mexico and ATC South America Plans)", "N/A", "N/A", "N/A" ], [ "Expected dividends", "N/A", "N/A", "N/A" ] ]

[ [ "", "2004", "2003", "2002" ], [ "approximate risk-free interest rate", "4.23% ( 4.23 % )", "4.00% ( 4.00 % )", "4.53% ( 4.53 % )" ], [ "expected life of option grants", "4 years", "4 years", "5 years" ], [ "expected volatility of underlying stock ( the company plan )", "80.6% ( 80.6 % )", "86.6% ( 86.6 % )", "92.3% ( 92.3 % )" ], [ "expected volatility of underlying stock ( atc mexico and atc south america plans )", "n/a", "n/a", "n/a" ], [ "expected dividends", "n/a", "n/a", "n/a" ] ]

[ { "arg1": "6.32", "arg2": "2.23", "op": "minus2-1", "res": "4.09" }, { "arg1": "#0", "arg2": "2.23", "op": "divide2-2", "res": "183.4%" } ]

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

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

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

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

[ { "arg1": "1185", "arg2": "980", "op": "minus1-1", "res": "205" }, { "arg1": "#0", "arg2": "980", "op": "divide1-2", "res": "20.9%" } ]

[ "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 25% ( 25 % ) of our consolidated total revenues in 2010 and provides a broad range of human capital services , as follows : consulting services : 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 .", "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 .", "outsourcing services : 2022 benefits outsourcing 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 record and manage talent , workforce and other core hr process transactions as well as other complementary services such as absence management , flexible spending , dependent audit and participant advocacy .", "beginning in late 2008 , the disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace .", "weak economic conditions globally continued throughout 2010 .", "the prolonged economic downturn is adversely impacting our clients 2019 financial condition and therefore the levels of business activities in the industries and geographies where we operate .", "while we believe that the majority of our practices are well positioned to manage through this time , these challenges are reducing demand for some of our services and putting ." ]

[ [ "Years ended December 31,", "2010", "2009", "2008" ], [ "Revenue", "$2,111", "$1,267", "$1,356" ], [ "Operating income", "234", "203", "208" ], [ "Operating margin", "11.1%", "16.0%", "15.3%" ] ]

[ [ "years ended december 31,", "2010", "2009", "2008" ], [ "revenue", "$ 2111", "$ 1267", "$ 1356" ], [ "operating income", "234", "203", "208" ], [ "operating margin", "11.1% ( 11.1 % )", "16.0% ( 16.0 % )", "15.3% ( 15.3 % )" ] ]

[ { "arg1": "2111", "arg2": "1267", "op": "minus1-1", "res": "844" }, { "arg1": "#0", "arg2": "1267", "op": "divide1-2", "res": "66.6%" } ]

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

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

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

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

[]

[ "the target awards for the other named executive officers were set as follows : joseph f .", "domino , ceo - entergy texas ( 50% ( 50 % ) ) ; hugh t .", "mcdonald , ceo - entergy arkansas ( 50% ( 50 % ) ) ; haley fisackerly , ceo - entergy mississippi ( 40% ( 40 % ) ) ; william m .", "mohl ( 60% ( 60 % ) ) , ceo - entergy gulf states and entergy louisiana ; charles l .", "rice , jr .", "( 40% ( 40 % ) ) , ceo - entergy new orleans and theodore h .", "bunting , jr .", "- principal accounting officer - the subsidiaries ( 60% ( 60 % ) ) .", "the target awards for the named executive officers ( other than entergy named executive officers ) were set by their respective supervisors ( subject to ultimate approval of entergy 2019s chief executive officer ) who allocated a potential incentive pool established by the personnel committee among various of their direct and indirect reports .", "in setting the target awards , the supervisor took into account considerations similar to those used by the personnel committee in setting the target awards for entergy 2019s named executive officers .", "target awards are set based on an executive officer 2019s current position and executive management level within the entergy organization .", "executive management levels at entergy range from level 1 thorough level 4 .", "mr .", "denault and mr .", "taylor hold positions in level 2 whereas mr .", "bunting and mr .", "mohl hold positions in level 3 and mr .", "domino , mr .", "fisackerly , mr .", "mcdonald and mr .", "rice hold positions in level 4 .", "accordingly , their respective incentive targets differ one from another based on the external market data developed by the committee 2019s independent compensation consultant and the other factors noted above .", "in december 2010 , the committee determined the executive incentive plan targets to be used for purposes of establishing annual bonuses for 2011 .", "the committee 2019s determination of the target levels was made after full board review of management 2019s 2011 financial plan for entergy corporation , upon recommendation of the finance committee , and after the committee 2019s determination that the established targets aligned with entergy corporation 2019s anticipated 2011 financial performance as reflected in the financial plan .", "the targets established to measure management performance against as reported results were: ." ]

[ "operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 .", "in accordance with the terms of the annual incentive plan , in january 2012 , the personnel committee certified the 2012 entergy achievement multiplier at 128% ( 128 % ) of target .", "under the terms of the management effectiveness program , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive if the pre- established underlying performance goals established by the personnel committee are satisfied at the end of the performance period , 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 a mechanism to take into consideration specific achievement factors relating to the overall performance of entergy corporation .", "in january 2012 , the committee eliminated the management effectiveness factor with respect to the 2011 incentive awards , 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 awards for the named executive officers ( other than mr .", "leonard , mr .", "denault and mr .", "taylor ) are awarded from an incentive pool approved by the committee .", "from this pool , each named executive officer 2019s 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 2019s chief executive officer. ." ]

[ [ "", "Minimum", "Target", "Maximum" ], [ "Earnings Per Share ($)", "$6.10", "$6.60", "$7.10" ], [ "Operating Cash Flow($ in Billions)", "$2.97", "$3.35", "$3.70" ] ]

[ [ "", "minimum", "target", "maximum" ], [ "earnings per share ( $ )", "$ 6.10", "$ 6.60", "$ 7.10" ], [ "operating cash flow ( $ in billions )", "$ 2.97", "$ 3.35", "$ 3.70" ] ]

[]

[ "in the fourth quarter of 2002 , aes lost voting control of one of the holding companies in the cemig ownership structure .", "this holding company indirectly owns the shares related to the cemig investment and indirectly holds the project financing debt related to cemig .", "as a result of the loss of voting control , aes stopped consolidating this holding company at december 31 , 2002 .", "other .", "during the fourth quarter of 2003 , the company sold its 25% ( 25 % ) ownership interest in medway power limited ( 2018 2018mpl 2019 2019 ) , a 688 mw natural gas-fired combined cycle facility located in the united kingdom , and aes medway operations limited ( 2018 2018aesmo 2019 2019 ) , the operating company for the facility , in an aggregate transaction valued at approximately a347 million ( $ 78 million ) .", "the sale resulted in a gain of $ 23 million which was recorded in continuing operations .", "mpl and aesmo were previously reported in the contract generation segment .", "in the second quarter of 2002 , the company sold its investment in empresa de infovias s.a .", "( 2018 2018infovias 2019 2019 ) , a telecommunications company in brazil , for proceeds of $ 31 million to cemig , an affiliated company .", "the loss recorded on the sale was approximately $ 14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations .", "in the second quarter of 2002 , the company recorded an impairment charge of approximately $ 40 million , after income taxes , on an equity method investment in a telecommunications company in latin america held by edc .", "the impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company .", "during 2001 , the company lost operational control of central electricity supply corporation ( 2018 2018cesco 2019 2019 ) , a distribution company located in the state of orissa , india .", "the state of orissa appointed an administrator to take operational control of cesco .", "cesco is accounted for as a cost method investment .", "aes 2019s investment in cesco is negative .", "in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas for approximately $ 40 million .", "the company acquired an additional 16.79% ( 16.79 % ) of songas for approximately $ 12.5 million , and the company began consolidating this entity in 2002 .", "songas owns the songo songo gas-to-electricity project in tanzania .", "in december 2002 , the company signed a sales purchase agreement to sell 100% ( 100 % ) of our ownership interest in songas .", "the sale of songas closed in april 2003 ( see note 4 for further discussion of the transaction ) .", "the following tables present summarized comparative financial information ( in millions ) of the entities in which the company has the ability to exercise significant influence but does not control and that are accounted for using the equity method. ." ]

[ "( 1 ) includes information pertaining to eletropaulo and light prior to february 2002 .", "in 2002 and 2001 , the results of operations and the financial position of cemig were negatively impacted by the devaluation of the brazilian real and the impairment charge recorded in 2002 .", "the brazilian real devalued 32% ( 32 % ) and 19% ( 19 % ) for the years ended december 31 , 2002 and 2001 , respectively. ." ]

[ [ "AS OF AND FOR THE YEARS ENDED DECEMBER 31,", "2003", "2002(1)", "2001(1)" ], [ "Revenues", "$2,758", "$2,832", "$6,147" ], [ "Operating Income", "1,039", "695", "1,717" ], [ "Net Income", "407", "229", "650" ], [ "Current Assets", "1,347", "1,097", "3,700" ], [ "Noncurrent Assets", "7,479", "6,751", "14,942" ], [ "Current Liabilities", "1,434", "1,418", "3,510" ], [ "Noncurrent Liabilities", "3,795", "3,349", "8,297" ], [ "Stockholder's Equity", "3,597", "3,081", "6,835" ] ]

[ [ "as of and for the years ended december 31,", "2003", "2002 ( 1 )", "2001 ( 1 )" ], [ "revenues", "$ 2758", "$ 2832", "$ 6147" ], [ "operating income", "1039", "695", "1717" ], [ "net income", "407", "229", "650" ], [ "current assets", "1347", "1097", "3700" ], [ "noncurrent assets", "7479", "6751", "14942" ], [ "current liabilities", "1434", "1418", "3510" ], [ "noncurrent liabilities", "3795", "3349", "8297" ], [ "stockholder's equity", "3597", "3081", "6835" ] ]

[ { "arg1": "78", "arg2": "25%", "op": "divide1-1", "res": "312" }, { "arg1": "#0", "arg2": "const_1000000", "op": "multiply1-2", "res": "312000000" } ]

[ "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of options exercised ( i.e .", "the difference between the market price at exercise and the price paid by the employee to exercise the options ) during fiscal 2016 , 2015 and 2014 was $ 46.6 million , $ 99.2 million and $ 130.6 million , respectively , and the total amount of proceeds received by the company from exercise of these options during fiscal 2016 , 2015 and 2014 was $ 61.5 million , $ 122.6 million and $ 200.1 million , respectively .", "a summary of the company 2019s restricted stock unit award activity as of october 29 , 2016 and changes during the fiscal year then ended is presented below : restricted stock units outstanding ( in thousands ) weighted- average grant- date fair value per share ." ]

[ "as of october 29 , 2016 , there was $ 112.3 million of total unrecognized compensation cost related to unvested share- based awards comprised of stock options and restricted stock units .", "that cost is expected to be recognized over a weighted- average period of 1.4 years .", "the total grant-date fair value of shares that vested during fiscal 2016 , 2015 and 2014 was approximately $ 62.8 million , $ 65.6 million and $ 57.4 million , respectively .", "common stock repurchases the company 2019s common stock repurchase program has been in place since august 2004 .", "in the aggregate , the board of directors has authorized the company to repurchase $ 6.2 billion of the company 2019s common stock under the program .", "the company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions .", "unless terminated earlier by resolution of the company 2019s board of directors , the repurchase program will expire when the company has repurchased all shares authorized under the program .", "as of october 29 , 2016 , the company had repurchased a total of approximately 147.0 million shares of its common stock for approximately $ 5.4 billion under this program .", "an additional $ 792.5 million remains available for repurchase of shares under the current authorized program .", "the repurchased shares are held as authorized but unissued shares of common stock .", "as a result of the company's planned acquisition of linear technology corporation , see note 6 , acquisitions , of these notes to consolidated financial statements , the company temporarily suspended the common stock repurchase plan in the third quarter of 2016 .", "the company also , from time to time , repurchases shares in settlement of employee minimum tax withholding obligations due upon the vesting of restricted stock units or the exercise of stock options .", "the withholding amount is based on the employees minimum statutory withholding requirement .", "any future common stock repurchases will be dependent upon several factors , including the company's financial performance , outlook , liquidity and the amount of cash the company has available in the united states .", "preferred stock the company has 471934 authorized shares of $ 1.00 par value preferred stock , none of which is issued or outstanding .", "the board of directors is authorized to fix designations , relative rights , preferences and limitations on the preferred stock at the time of issuance. ." ]

[ [ "", "RestrictedStock UnitsOutstanding(in thousands)", "Weighted-Average Grant-Date Fair ValuePer Share" ], [ "Restricted stock units outstanding at October 31, 2015", "2,698", "$47.59" ], [ "Units granted", "1,099", "$51.59" ], [ "Restrictions lapsed", "(905)", "$44.30" ], [ "Forfeited", "(202)", "$50.34" ], [ "Restricted stock units outstanding at October 29, 2016", "2,690", "$50.11" ] ]

[ [ "", "restrictedstock unitsoutstanding ( in thousands )", "weighted-average grant-date fair valueper share" ], [ "restricted stock units outstanding at october 31 2015", "2698", "$ 47.59" ], [ "units granted", "1099", "$ 51.59" ], [ "restrictions lapsed", "-905 ( 905 )", "$ 44.30" ], [ "forfeited", "-202 ( 202 )", "$ 50.34" ], [ "restricted stock units outstanding at october 29 2016", "2690", "$ 50.11" ] ]

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

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

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

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

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

[ "31 , 2015 , the price was r$ 218/mwh .", "after the expiration of contract with eletropaulo , tiet ea's strategy is to contract most of its physical guarantee , as described in regulatory framework section below , and sell the remaining portion in the spot market .", "tiet ea's strategy is reassessed from time to time according to changes in market conditions , hydrology and other factors .", "tiet ea has been continuously selling its available energy from 2016 forward through medium-term bilateral contracts of three to five years .", "as of december 31 , 2016 , tiet ea's contracted portfolio position is 95% ( 95 % ) and 88% ( 88 % ) with average prices of r$ 157/ mwh and r$ 159/mwh ( inflation adjusted until december 2016 ) for 2016 and 2017 , respectively .", "as brazil is mostly a hydro-based country with energy prices highly tied to the hydrological situation , the deterioration of the hydrology since the beginning of 2014 caused an increase in energy prices going forward .", "tiet ea is closely monitoring and analyzing system supply conditions to support energy commercialization decisions .", "under the concession agreement , tiet ea has an obligation to increase its capacity by 15% ( 15 % ) .", "tiet ea , as well as other concession generators , have not yet met this requirement due to regulatory , environmental , hydrological and fuel constraints .", "the state of s e3o paulo does not have a sufficient potential for wind power and only has a small remaining potential for hydro projects .", "as such , the capacity increases in the state will mostly be derived from thermal gas capacity projects .", "due to the highly complex process to obtain an environmental license for coal projects , tiet ea decided to fulfill its obligation with gas-fired projects in line with the federal government plans .", "petrobras refuses to supply natural gas and to offer capacity in its pipelines and regasification terminals .", "therefore , there are no regulations for natural gas swaps in place , and it is unfeasible to bring natural gas to aes tiet ea .", "a legal case has been initiated by the state of s e3o paulo requiring the investment to be performed .", "tiet ea is in the process of analyzing options to meet the obligation .", "uruguaiana is a 640 mw gas-fired combined cycle power plant located in the town of uruguaiana in the state of rio grande do sul , commissioned in december 2000 .", "aes manages and has a 46% ( 46 % ) economic interest in the plant with the remaining interest held by bndes .", "the plant's operations were suspended in april 2009 due to the unavailability of gas .", "aes has evaluated several alternatives to bring gas supply on a competitive basis to uruguaiana .", "one of the challenges is the capacity restrictions on the argentinean pipeline , especially during the winter season when gas demand in argentina is very high .", "the plant operated on a short-term basis during february and march 2013 , march through may 2014 , and february through may 2015 due to the short-term supply of lng for the facility .", "the plant did not operate in 2016 .", "uruguaiana continues to work toward securing gas on a long-term basis .", "market structure 2014 brazil has installed capacity of 150136 mw , which is 65% ( 65 % ) hydroelectric , 19% ( 19 % ) thermal and 16% ( 16 % ) renewable ( biomass and wind ) .", "brazil's national grid is divided into four subsystems .", "tiet ea is in the southeast and uruguaiana is in the south subsystems of the national grid .", "regulatory framework 2014 in brazil , the ministry of mines and energy determines the maximum amount of energy that a plant can sell , called physical guarantee , which represents the long-term average expected energy production of the plant .", "under current rules , physical guarantee can be sold to distribution companies through long- term regulated auctions or under unregulated bilateral contracts with large consumers or energy trading companies .", "the national system operator ( \"ons\" ) is responsible for coordinating and controlling the operation of the national grid .", "the ons dispatches generators based on hydrological conditions , reservoir levels , electricity demand and the prices of fuel and thermal generation .", "given the importance of hydro generation in the country , the ons sometimes reduces dispatch of hydro facilities and increases dispatch of thermal facilities to protect reservoir levels in the system .", "in brazil , the system operator controls all hydroelectric generation dispatch and reservoir levels .", "a mechanism known as the energy reallocation mechanism ( \"mre\" ) was created to share hydrological risk across mre hydro generators .", "if the hydro plants generate less than the total mre physical guarantee , the hydro generators may need to purchase energy in the short-term market to fulfill their contract obligations .", "when total hydro generation is higher than the total mre physical guarantee , the surplus is proportionally shared among its participants and they are able to make extra revenue selling the excess energy on the spot market .", "the consequences of unfavorable hydrology are ( i ) thermal plants more expensive to the system being dispatched , ( ii ) lower hydropower generation with deficits in the mre and ( iii ) high spot prices .", "aneel defines the spot price cap for electricity in the brazilian market .", "the spot price caps as defined by aneel and average spot prices by calendar year are as follows ( r$ / ." ]

[ "." ]

[ [ "Year", "2017", "2016", "2015", "2014" ], [ "Spot price cap as defined by ANEEL", "534", "423", "388", "822" ], [ "Average spot rate", "", "94", "287", "689" ] ]

[ [ "year", "2017", "2016", "2015", "2014" ], [ "spot price cap as defined by aneel", "534", "423", "388", "822" ], [ "average spot rate", "", "94", "287", "689" ] ]

[]

[ "part ii item 5 .", "market for registrant 2019s common equity and related stockholder matters market information our common stock has been traded on the new york stock exchange ( 2018 2018nyse 2019 2019 ) under the symbol 2018 2018exr 2019 2019 since our ipo on august 17 , 2004 .", "prior to that time there was no public market for our common stock .", "the following table sets forth , for the periods indicated , the high and low bid price for our common stock as reported by the nyse and the per share dividends declared : dividends high low declared ." ]

[ "on february 28 , 2006 , the closing price of our common stock as reported by the nyse was $ 15.00 .", "at february 28 , 2006 , we had 166 holders of record of our common stock .", "holders of shares of common stock are entitled to receive distributions when declared by our board of directors out of any assets legally available for that purpose .", "as a reit , we are required to distribute at least 90% ( 90 % ) of our 2018 2018reit taxable income 2019 2019 is generally equivalent to our net taxable ordinary income , determined without regard to the deduction for dividends paid , to our stockholders annually in order to maintain our reit qualifications for u.s .", "federal income tax purposes .", "unregistered sales of equity securities and use of proceeds on june 20 , 2005 , we completed the sale of 6200000 shares of our common stock , $ .01 par value , for $ 83514 , which we reported in a current report on form 8-k filed with the securities and exchange commission on june 24 , 2005 .", "we used the proceeds for general corporate purposes , including debt repayment .", "the shares were issued pursuant to an exemption from registration under the securities act of 1933 , as amended. ." ]

[ [ "", "High", "Low", "Dividends Declared" ], [ "Period from August 17, 2004 to September 30, 2004", "$14.38", "$12.50", "$0.1113" ], [ "Quarter Ended December 31, 2004", "14.55", "12.60", "0.2275" ], [ "Quarter Ended March 31, 2005", "14.30", "12.55", "0.2275" ], [ "Quarter Ended June 30, 2005", "14.75", "12.19", "0.2275" ], [ "Quarter Ended September 30, 2005", "16.71", "14.32", "0.2275" ], [ "Quarter Ended December 31, 2005", "15.90", "13.00", "0.2275" ] ]

[ [ "", "high", "low", "dividends declared" ], [ "period from august 17 2004 to september 30 2004", "$ 14.38", "$ 12.50", "$ 0.1113" ], [ "quarter ended december 31 2004", "14.55", "12.60", "0.2275" ], [ "quarter ended march 31 2005", "14.30", "12.55", "0.2275" ], [ "quarter ended june 30 2005", "14.75", "12.19", "0.2275" ], [ "quarter ended september 30 2005", "16.71", "14.32", "0.2275" ], [ "quarter ended december 31 2005", "15.90", "13.00", "0.2275" ] ]

[ { "arg1": "0.2275", "arg2": "const_4", "op": "multiply2-1", "res": "0.91" }, { "arg1": "#0", "arg2": "14.30", "op": "divide2-2", "res": "6%" } ]

[ "zimmer biomet holdings , inc .", "2015 form 10-k annual report notes to consolidated financial statements ( continued ) interest to the date of redemption .", "in addition , the merger notes and the 3.375% ( 3.375 % ) senior notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date .", "between the closing date and june 30 , 2015 , we repaid the biomet senior notes we assumed in the merger .", "the fair value of the principal amount plus interest was $ 2798.6 million .", "these senior notes required us to pay a call premium in excess of the fair value of the notes when they were repaid .", "as a result , we recognized $ 22.0 million in non-operating other expense related to this call premium .", "the estimated fair value of our senior notes as of december 31 , 2015 , based on quoted prices for the specific securities from transactions in over-the-counter markets ( level 2 ) , was $ 8837.5 million .", "the estimated fair value of the japan term loan as of december 31 , 2015 , based upon publicly available market yield curves and the terms of the debt ( level 2 ) , was $ 96.4 million .", "the carrying value of the u.s .", "term loan approximates fair value as it bears interest at short-term variable market rates .", "we have entered into interest rate swap agreements which we designated as fair value hedges of underlying fixed- rate obligations on our senior notes due 2019 and 2021 .", "see note 14 for additional information regarding the interest rate swap agreements .", "we also have available uncommitted credit facilities totaling $ 35.8 million .", "at december 31 , 2015 and 2014 , the weighted average interest rate for our long-term borrowings was 2.9 percent and 3.5 percent , respectively .", "we paid $ 207.1 million , $ 67.5 million and $ 68.1 million in interest during 2015 , 2014 and 2013 , respectively .", "13 .", "accumulated other comprehensive ( loss ) income oci refers to certain gains and losses that under gaap are included in comprehensive income but are excluded from net earnings as these amounts are initially recorded as an adjustment to stockholders 2019 equity .", "amounts in oci may be reclassified to net earnings upon the occurrence of certain events .", "our oci is comprised of foreign currency translation adjustments , unrealized gains and losses on cash flow hedges , unrealized gains and losses on available-for-sale securities , and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions on our defined benefit plans .", "foreign currency translation adjustments are reclassified to net earnings upon sale or upon a complete or substantially complete liquidation of an investment in a foreign entity .", "unrealized gains and losses on cash flow hedges are reclassified to net earnings when the hedged item affects net earnings .", "unrealized gains and losses on available-for-sale securities are reclassified to net earnings if we sell the security before maturity or if the unrealized loss is considered to be other-than-temporary .", "amounts related to defined benefit plans that are in oci are reclassified over the service periods of employees in the plan .", "the reclassification amounts are allocated to all employees in the plans and , therefore , the reclassified amounts may become part of inventory to the extent they are considered direct labor costs .", "see note 15 for more information on our defined benefit plans .", "the following table shows the changes in the components of oci , net of tax ( in millions ) : foreign currency translation hedges unrealized gains on securities defined benefit ." ]

[ "." ]

[ [ "", "Foreign Currency Translation", "Cash Flow Hedges", "Unrealized Gains on Securities", "Defined Benefit Plan Items" ], [ "Balance December 31, 2014", "$111.8", "$70.1", "$(0.4)", "$(143.4)" ], [ "OCI before reclassifications", "(305.2)", "52.7", "(0.2)", "(30.6)" ], [ "Reclassifications", "–", "(93.0)", "–", "9.2" ], [ "Balance December 31, 2015", "$(193.4)", "$29.8", "$(0.6)", "$(164.8)" ] ]

[ [ "", "foreign currency translation", "cash flow hedges", "unrealized gains on securities", "defined benefit plan items" ], [ "balance december 31 2014", "$ 111.8", "$ 70.1", "$ -0.4 ( 0.4 )", "$ -143.4 ( 143.4 )" ], [ "oci before reclassifications", "-305.2 ( 305.2 )", "52.7", "-0.2 ( 0.2 )", "-30.6 ( 30.6 )" ], [ "reclassifications", "2013", "-93.0 ( 93.0 )", "2013", "9.2" ], [ "balance december 31 2015", "$ -193.4 ( 193.4 )", "$ 29.8", "$ -0.6 ( 0.6 )", "$ -164.8 ( 164.8 )" ] ]

[]

[ "stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2010 , and the reinvestment of dividends thereafter , if any , in the company's common stock versus the standard and poor's s&p 500 retail index ( \"s&p 500 retail index\" ) and the standard and poor's s&p 500 index ( \"s&p 500\" ) . ." ]

[ "." ]

[ [ "", "December 31," ], [ "Company/Index", "2010", "2011", "2012", "2013", "2014", "2015" ], [ "O'Reilly Automotive, Inc.", "$100", "$132", "$148", "$213", "$319", "$419" ], [ "S&P 500 Retail Index", "100", "103", "128", "185", "203", "252" ], [ "S&P 500", "$100", "$100", "$113", "$147", "$164", "$163" ] ]

[ [ "company/index", "december 31 , 2010", "december 31 , 2011", "december 31 , 2012", "december 31 , 2013", "december 31 , 2014", "december 31 , 2015" ], [ "o'reilly automotive inc .", "$ 100", "$ 132", "$ 148", "$ 213", "$ 319", "$ 419" ], [ "s&p 500 retail index", "100", "103", "128", "185", "203", "252" ], [ "s&p 500", "$ 100", "$ 100", "$ 113", "$ 147", "$ 164", "$ 163" ] ]

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

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

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

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

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

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

[ "notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .", "1 .", "nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .", "our network includes 31868 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .", "gateways and providing several corridors to key mexican gateways .", "we own 26020 miles and operate on the remainder pursuant to trackage rights or leases .", "we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .", "export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .", "the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .", "although we provide and review revenue by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network .", "the following table provides freight revenue by commodity group : millions 2012 2011 2010 ." ]

[ "although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s .", "each of our commodity groups includes revenue from shipments to and from mexico .", "included in the above table are revenues from our mexico business which amounted to $ 1.9 billion in 2012 , $ 1.8 billion in 2011 , and $ 1.6 billion in 2010 .", "basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .", "( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .", "2 .", "significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .", "investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .", "all intercompany transactions are eliminated .", "we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .", "cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .", "accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .", "the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .", "receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. ." ]

[ [ "<i>Millions</i>", "<i>2012</i>", "<i>2011</i>", "<i>2010</i>" ], [ "Agricultural", "$3,280", "$3,324", "$3,018" ], [ "Automotive", "1,807", "1,510", "1,271" ], [ "Chemicals", "3,238", "2,815", "2,425" ], [ "Coal", "3,912", "4,084", "3,489" ], [ "Industrial Products", "3,494", "3,166", "2,639" ], [ "Intermodal", "3,955", "3,609", "3,227" ], [ "Total freight revenues", "$19,686", "$18,508", "$16,069" ], [ "Other revenues", "1,240", "1,049", "896" ], [ "Total operatingrevenues", "$20,926", "$19,557", "$16,965" ] ]

[ [ "millions", "2012", "2011", "2010" ], [ "agricultural", "$ 3280", "$ 3324", "$ 3018" ], [ "automotive", "1807", "1510", "1271" ], [ "chemicals", "3238", "2815", "2425" ], [ "coal", "3912", "4084", "3489" ], [ "industrial products", "3494", "3166", "2639" ], [ "intermodal", "3955", "3609", "3227" ], [ "total freight revenues", "$ 19686", "$ 18508", "$ 16069" ], [ "other revenues", "1240", "1049", "896" ], [ "total operatingrevenues", "$ 20926", "$ 19557", "$ 16965" ] ]

[ { "arg1": "3280", "arg2": "3324", "op": "divide1-1", "res": "99%" }, { "arg1": "1807", "arg2": "1510", "op": "divide1-2", "res": "120%" }, { "arg1": "#0", "arg2": "#1", "op": "compare_larger1-3", "res": "no" } ]

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

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

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

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

[]

[ "entergy new orleans , inc .", "management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase in electricity usage in the residential and commercial sectors due in part to a 4% ( 4 % ) increase in the average number of residential customers and a 3% ( 3 % ) increase in the average number of commercial customers , partially offset by the effect of less favorable weather on residential sales .", "gross operating revenues gross operating revenues decreased primarily due to : a decrease of $ 16.2 million in electric fuel cost recovery revenues due to lower fuel rates ; a decrease of $ 15.4 million in gross gas revenues primarily due to lower fuel cost recovery revenues as a result of lower fuel rates and the effect of milder weather ; and formula rate plan decreases effective october 2010 and october 2011 , as discussed above .", "the decrease was partially offset by an increase in gross wholesale revenue due to increased sales to affiliated customers and more favorable volume/weather , as discussed above .", "2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .", "following is an analysis of the change in net revenue comparing 2010 to 2009 .", "amount ( in millions ) ." ]

[ "the volume/weather variance is primarily due to an increase of 348 gwh , or 7% ( 7 % ) , in billed retail electricity usage primarily due to more favorable weather compared to last year .", "the net gas revenue variance is primarily due to more favorable weather compared to last year , along with the recognition of a gas regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plans .", "see note 2 to the financial statements for further discussion of the formula rate plan settlement .", "the effect of 2009 rate case settlement variance results from the april 2009 settlement of entergy new orleans 2019s rate case , and includes the effects of realigning non-fuel costs associated with the operation of grand gulf from the fuel adjustment clause to electric base rates effective june 2009 .", "see note 2 to the financial statements for further discussion of the rate case settlement .", "other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to the deferral in 2011 of $ 13.4 million of 2010 michoud plant maintenance costs pursuant to the settlement of entergy new orleans 2019s 2010 test year formula rate plan filing approved by the city council in september 2011 and a decrease of $ 8.0 million in fossil- fueled generation expenses due to higher plant outage costs in 2010 due to a greater scope of work at the michoud plant .", "see note 2 to the financial statements for more discussion of the 2010 test year formula rate plan filing. ." ]

[ [ "", "Amount (In Millions)" ], [ "2009 net revenue", "$243.0" ], [ "Volume/weather", "17.0" ], [ "Net gas revenue", "14.2" ], [ "Effect of 2009 rate case settlement", "(6.6)" ], [ "Other", "5.3" ], [ "2010 net revenue", "$272.9" ] ]

[ [ "", "amount ( in millions )" ], [ "2009 net revenue", "$ 243.0" ], [ "volume/weather", "17.0" ], [ "net gas revenue", "14.2" ], [ "effect of 2009 rate case settlement", "-6.6 ( 6.6 )" ], [ "other", "5.3" ], [ "2010 net revenue", "$ 272.9" ] ]

[]

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

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

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

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

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[ "american tower corporation and subsidiaries notes to consolidated financial statements the allocation of the purchase price was finalized during the year ended december 31 , 2012 .", "the following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : purchase price allocation ." ]

[ "( 1 ) consists of customer-related intangibles of approximately $ 0.4 million and network location intangibles of approximately $ 0.7 million .", "the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .", "( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes .", "the goodwill was allocated to the company 2019s international rental and management segment .", "colombia 2014colombia movil acquisition 2014on july 17 , 2011 , the company entered into a definitive agreement with colombia movil s.a .", "e.s.p .", "( 201ccolombia movil 201d ) , whereby atc sitios infraco , s.a.s. , a colombian subsidiary of the company ( 201catc infraco 201d ) , would purchase up to 2126 communications sites from colombia movil for an aggregate purchase price of approximately $ 182.0 million .", "from december 21 , 2011 through the year ended december 31 , 2012 , atc infraco completed the purchase of 1526 communications sites for an aggregate purchase price of $ 136.2 million ( including contingent consideration of $ 17.3 million ) , subject to post-closing adjustments .", "through a subsidiary , millicom international cellular s.a .", "( 201cmillicom 201d ) exercised its option to acquire an indirect , substantial non-controlling interest in atc infraco .", "under the terms of the agreement , the company is required to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash paying lease agreements .", "based on the company 2019s current estimates , the value of potential contingent consideration payments required to be made under the amended agreement is expected to be between zero and $ 32.8 million and is estimated to be $ 17.3 million using a probability weighted average of the expected outcomes at december 31 , 2012 .", "during the year ended december 31 , 2012 , the company recorded a reduction in fair value of $ 1.2 million , which is included in other operating expenses in the consolidated statements of operations. ." ]

[ [ "", "Final Purchase Price Allocation" ], [ "Non-current assets", "$2" ], [ "Property and equipment", "3,590" ], [ "Intangible assets (1)", "1,062" ], [ "Other non-current liabilities", "(91)" ], [ "Fair value of net assets acquired", "$4,563" ], [ "Goodwill (2)", "89" ] ]

[ [ "", "final purchase price allocation" ], [ "non-current assets", "$ 2" ], [ "property and equipment", "3590" ], [ "intangible assets ( 1 )", "1062" ], [ "other non-current liabilities", "-91 ( 91 )" ], [ "fair value of net assets acquired", "$ 4563" ], [ "goodwill ( 2 )", "89" ] ]

[]

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

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

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

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

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

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

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

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

[ { "arg1": "175", "arg2": "100", "op": "minus1-1", "res": "75" }, { "arg1": "#0", "arg2": "100", "op": "divide1-2", "res": "75%" } ]

[ "at december 31 , 2015 and 2014 , options for 5 million and 6 million shares of common stock were exercisable at a weighted-average price of $ 55.42 and $ 56.21 , respectively .", "the total intrinsic value of options exercised was approximately $ .1 billion during 2016 , 2015 and 2014 .", "cash received from option exercises under all incentive plans for 2016 , 2015 and 2014 was approximately $ .1 billion , $ .1 billion and $ .2 billion , respectively .", "the tax benefit realized from option exercises under all incentive plans was insignificant for 2016 , 2015 and 2014 .", "shares of common stock available during the next year for the granting of options and other awards under the incentive plans were approximately 39 million shares at december 31 , 2016 .", "total shares of pnc common stock authorized for future issuance under all equity compensation plans totaled approximately 40 million shares at december 31 , 2016 .", "during 2016 , we issued approximately 2 million common shares from treasury stock in connection with stock option exercise activity .", "as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .", "incentive/performance unit awards and restricted share/restricted share unit awards the fair value of nonvested incentive/performance unit awards and restricted share/restricted share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant with a reduction for estimated forfeitures .", "the value of certain incentive/ performance unit awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .", "additionally , certain incentive/ performance unit awards require subsequent adjustment to their current market value due to certain discretionary risk review triggers .", "the weighted-average grant date fair value of incentive/ performance unit awards and restricted share/restricted share unit awards granted in 2016 , 2015 and 2014 was $ 78.37 , $ 91.57 and $ 80.79 per share , respectively .", "the total intrinsic value of incentive/performance unit and restricted share/ restricted share unit awards vested during 2016 , 2015 and 2014 was approximately $ .1 billion , $ .2 billion and $ .1 billion , respectively .", "we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .", "table 78 : nonvested incentive/performance unit awards and restricted share/restricted share unit awards 2013 rollforward ( a ) shares in millions nonvested incentive/ performance units shares weighted- average date fair nonvested restricted share/ restricted weighted- average grant date fair value ." ]

[ "( a ) forfeited awards during 2016 were insignificant .", "( b ) includes adjustments for achieving specific performance goals for incentive/ performance unit share awards granted in prior periods .", "in table 78 , the units and related weighted-average grant date fair value of the incentive/performance unit share awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash if and when the underlying shares are issued to the participants .", "blackrock long-term incentive plans ( ltip ) blackrock adopted the 2002 ltip program to help attract and retain qualified professionals .", "at that time , we agreed to transfer up to four million shares of blackrock common stock to fund a portion of the 2002 ltip program and future ltip programs approved by blackrock 2019s board of directors .", "in 2009 , our obligation to deliver any remaining blackrock common shares was replaced with an obligation to deliver shares of blackrock 2019s series c preferred stock held by us .", "in 2016 , we transferred .5 million shares of blackrock series c preferred stock to blackrock in connection with our obligation .", "at december 31 , 2016 , we held approximately .8 million shares of blackrock series c preferred stock which were available to fund our obligations .", "see note 23 subsequent events for information on our february 1 , 2017 transfer of .5 million shares of the series c preferred stock to blackrock to satisfy a portion of our ltip obligation .", "we account for our blackrock series c preferred stock at fair value , which offsets the impact of marking-to-market the obligation to deliver these shares to blackrock .", "see note 6 fair value for additional information regarding the valuation of the blackrock series c preferred stock .", "the pnc financial services group , inc .", "2013 form 10-k 139 ." ]

[ [ "Shares in millions", "Nonvested Incentive/ Performance Units Shares", "Weighted- Average Grant Date Fair Value", "Nonvested Restricted Share/ Restricted Share Units", "Weighted- Average Grant Date Fair Value" ], [ "December 31, 2015", "2", "$79.27", "3", "$79.26" ], [ "Granted (b)", "1", "$77.77", "1", "$78.71" ], [ "Vested/Released (b)", "(1)", "$71.59", "(1)", "$65.53" ], [ "December 31, 2016", "2", "$81.42", "3", "$83.27" ] ]

[ [ "shares in millions december 31 2015", "nonvested incentive/ performance units shares 2", "weighted- average grant date fair value $ 79.27", "nonvested restricted share/ restricted share units 3", "weighted- average grant date fair value $ 79.26" ], [ "granted ( b )", "1", "$ 77.77", "1", "$ 78.71" ], [ "vested/released ( b )", "-1 ( 1 )", "$ 71.59", "-1 ( 1 )", "$ 65.53" ], [ "december 31 2016", "2", "$ 81.42", "3", "$ 83.27" ] ]

[ { "arg1": ".1", "arg2": ".2", "op": "add1-1", "res": ".3" }, { "arg1": "#0", "arg2": ".1", "op": "add1-2", "res": ".4" } ]

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

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

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

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

[ { "arg1": "2885.6", "arg2": "2790.0", "op": "minus2-1", "res": "95.6" }, { "arg1": "#0", "arg2": "2790.0", "op": "divide2-2", "res": "3.4%" } ]

[ "potentially responsible parties , and existing technology , laws , and regulations .", "the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site- specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs .", "current obligations are not expected to have a material adverse effect on our consolidated results of operations , financial condition , or liquidity .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use third-party actuaries to assist us with measuring the expense and liability , including unasserted claims .", "the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .", "under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .", "we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work .", "annual expenses for personal injury-related events were $ 240 million in 2006 , $ 247 million in 2005 , and $ 288 million in 2004 .", "as of december 31 , 2006 and 2005 , we had accrued liabilities of $ 631 million and $ 619 million for future personal injury costs , respectively , of which $ 233 million and $ 274 million was recorded in current liabilities as accrued casualty costs , respectively .", "our personal injury liability is discounted to present value using applicable u.s .", "treasury rates .", "approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims .", "estimates can vary over time due to evolving trends in litigation .", "our personal injury claims activity was as follows : claims activity 2006 2005 2004 ." ]

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

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

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

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[ "note 4 : property , plant and equipment the following table summarizes the major classes of property , plant and equipment by category as of december 31 : 2015 2014 range of remaining useful weighted average useful life utility plant : land and other non-depreciable assets .", ".", ".", ".", ".", ".", ".", ".", ".", ".", "$ 141 $ 137 sources of supply .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "705 681 12 to 127 years 51 years treatment and pumping facilities .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "3070 2969 3 to 101 years 39 years transmission and distribution facilities .", ".", ".", ".", ".", ".", ".", ".", ".", "8516 7963 9 to 156 years 83 years services , meters and fire hydrants .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "3250 3062 8 to 93 years 35 years general structures and equipment .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "1227 1096 1 to 154 years 39 years waste treatment , pumping and disposal .", ".", ".", ".", ".", ".", ".", ".", ".", "313 281 2 to 115 years 46 years waste collection .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "473 399 5 to 109 years 56 years construction work in progress .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "404 303 total utility plant .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "18099 16891 nonutility property .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "405 378 3 to 50 years 6 years total property , plant and equipment .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "$ 18504 $ 17269 property , plant and equipment depreciation expense amounted to $ 405 , $ 392 , and $ 374 for the years ended december 31 , 2015 , 2014 and 2013 , respectively and was included in depreciation and amortization expense in the accompanying consolidated statements of operations .", "the provision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was 3.13% ( 3.13 % ) for the year ended december 31 , 2015 and 3.20% ( 3.20 % ) for years december 31 , 2014 and 2013 .", "note 5 : allowance for uncollectible accounts the following table summarizes the changes in the company 2019s allowances for uncollectible accounts for the years ended december 31: ." ]

[ "." ]

[ [ "", "2015", "2014", "2013" ], [ "Balance as of January 1", "$(35)", "$(34)", "$(27)" ], [ "Amounts charged to expense", "(32)", "(37)", "(27)" ], [ "Amounts written off", "38", "43", "24" ], [ "Recoveries of amounts written off", "(10)", "(7)", "(4)" ], [ "Balance as of December 31", "$(39)", "$(35)", "$(34)" ] ]

[ [ "", "2015", "2014", "2013" ], [ "balance as of january 1", "$ -35 ( 35 )", "$ -34 ( 34 )", "$ -27 ( 27 )" ], [ "amounts charged to expense", "-32 ( 32 )", "-37 ( 37 )", "-27 ( 27 )" ], [ "amounts written off", "38", "43", "24" ], [ "recoveries of amounts written off", "-10 ( 10 )", "-7 ( 7 )", "-4 ( 4 )" ], [ "balance as of december 31", "$ -39 ( 39 )", "$ -35 ( 35 )", "$ -34 ( 34 )" ] ]

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[ "a valuation allowance has been established for certain deferred tax assets related to the impairment of investments .", "accounting for uncertainty in income taxes during fiscal 2011 and 2010 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : beginning balance gross increases in unrecognized tax benefits 2013 prior year tax positions gross decreases in unrecognized tax benefits 2013 prior year tax positions gross increases in unrecognized tax benefits 2013 current year tax positions settlements with taxing authorities lapse of statute of limitations foreign exchange gains and losses ending balance $ 156925 11901 ( 4154 ) 32420 ( 29101 ) ( 3825 ) $ 163607 $ 218040 ( 7104 ) 15108 ( 70484 ) ( 7896 ) $ 156925 as of december 2 , 2011 , 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 $ 12.3 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 the u.s. , ireland and california .", "for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , 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 examination .", "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 august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed .", "our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable .", "we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution .", "the $ 17 million balance in short-term income taxes payable is partially secured by a letter of credit and is expected to be paid by the first quarter of fiscal 2012 .", "in october 2010 , a u.s .", "income tax examination covering our fiscal years 2005 through 2007 was completed .", "our accrued tax and interest related to these years was $ 59 million and was previously reported in long-term income taxes payable .", "we paid $ 20 million in conjunction with the aforementioned resolution .", "a net income statement tax benefit in the fourth quarter of fiscal 2010 of $ 39 million resulted .", "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 .", "the company believes that before the end of fiscal 2012 , 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 $ 40 million .", "these amounts would decrease income tax expense under current gaap related to income taxes .", "note 11 .", "restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , in order to better align our resources around our digital media and digital marketing strategies , we initiated a restructuring plan consisting of reductions of approximately 700 full-time positions worldwide and we recorded restructuring charges of approximately $ 78.6 million related to ongoing termination benefits for the position eliminated .", "table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) ." ]

[ "a valuation allowance has been established for certain deferred tax assets related to the impairment of investments .", "accounting for uncertainty in income taxes during fiscal 2011 and 2010 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : beginning balance gross increases in unrecognized tax benefits 2013 prior year tax positions gross decreases in unrecognized tax benefits 2013 prior year tax positions gross increases in unrecognized tax benefits 2013 current year tax positions settlements with taxing authorities lapse of statute of limitations foreign exchange gains and losses ending balance $ 156925 11901 ( 4154 ) 32420 ( 29101 ) ( 3825 ) $ 163607 $ 218040 ( 7104 ) 15108 ( 70484 ) ( 7896 ) $ 156925 as of december 2 , 2011 , 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 $ 12.3 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 the u.s. , ireland and california .", "for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , 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 examination .", "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 august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed .", "our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable .", "we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution .", "the $ 17 million balance in short-term income taxes payable is partially secured by a letter of credit and is expected to be paid by the first quarter of fiscal 2012 .", "in october 2010 , a u.s .", "income tax examination covering our fiscal years 2005 through 2007 was completed .", "our accrued tax and interest related to these years was $ 59 million and was previously reported in long-term income taxes payable .", "we paid $ 20 million in conjunction with the aforementioned resolution .", "a net income statement tax benefit in the fourth quarter of fiscal 2010 of $ 39 million resulted .", "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 .", "the company believes that before the end of fiscal 2012 , 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 $ 40 million .", "these amounts would decrease income tax expense under current gaap related to income taxes .", "note 11 .", "restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , in order to better align our resources around our digital media and digital marketing strategies , we initiated a restructuring plan consisting of reductions of approximately 700 full-time positions worldwide and we recorded restructuring charges of approximately $ 78.6 million related to ongoing termination benefits for the position eliminated .", "table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) ." ]

[ [ "", "2011", "2010" ], [ "Beginning balance", "$156,925", "$218,040" ], [ "Gross increases in unrecognized tax benefits – prior year tax positions", "11,901", "9,580" ], [ "Gross decreases in unrecognized tax benefits – prior year tax positions", "(4,154)", "(7,104)" ], [ "Gross increases in unrecognized tax benefits – current year tax positions", "32,420", "15,108" ], [ "Settlements with taxing authorities", "(29,101)", "(70,484)" ], [ "Lapse of statute of limitations", "(3,825)", "(7,896)" ], [ "Foreign exchange gains and losses", "(559)", "(319)" ], [ "Ending balance", "$163,607", "$156,925" ] ]

[ [ "", "2011", "2010" ], [ "beginning balance", "$ 156925", "$ 218040" ], [ "gross increases in unrecognized tax benefits 2013 prior year tax positions", "11901", "9580" ], [ "gross decreases in unrecognized tax benefits 2013 prior year tax positions", "-4154 ( 4154 )", "-7104 ( 7104 )" ], [ "gross increases in unrecognized tax benefits 2013 current year tax positions", "32420", "15108" ], [ "settlements with taxing authorities", "-29101 ( 29101 )", "-70484 ( 70484 )" ], [ "lapse of statute of limitations", "-3825 ( 3825 )", "-7896 ( 7896 )" ], [ "foreign exchange gains and losses", "-559 ( 559 )", "-319 ( 319 )" ], [ "ending balance", "$ 163607", "$ 156925" ] ]

[ { "arg1": "156925", "arg2": "218040", "op": "minus2-1", "res": "-61115" }, { "arg1": "#0", "arg2": "218040", "op": "divide2-2", "res": "-28.0%" } ]

[ "fair valuation the following table shows the expected versus actual rate of return on plan assets for the u.s .", "pension and postretirement plans: ." ]

[ "for the foreign plans , pension expense for 2008 was reduced by the expected return of $ 487 million , compared with the actual return of $ ( 883 ) million .", "pension expense for 2007 and 2006 was reduced by expected returns of $ 477 million and $ 384 million , respectively .", "actual returns were higher in 2007 and 2006 than the expected returns in those years .", "discount rate the 2008 and 2007 discount rates for the u.s .", "pension and postretirement plans were selected by reference to a citigroup-specific analysis using each plan 2019s specific cash flows and compared with the moody 2019s aa long-term corporate bond yield for reasonableness .", "citigroup 2019s policy is to round to the nearest tenth of a percent .", "accordingly , at december 31 , 2008 , the discount rate was set at 6.1% ( 6.1 % ) for the pension plans and at 6.0% ( 6.0 % ) for the postretirement welfare plans .", "at december 31 , 2007 , the discount rate was set at 6.2% ( 6.2 % ) for the pension plans and 6.0% ( 6.0 % ) for the postretirement plans , referencing a citigroup-specific cash flow analysis .", "as of september 30 , 2006 , the u.s .", "pension plan was remeasured to reflect the freeze of benefits accruals for all non-grandfathered participants , effective january 1 , 2008 .", "under the september 30 , 2006 remeasurement and year-end analysis , the resulting plan-specific discount rate for the pension plan was 5.86% ( 5.86 % ) , which was rounded to 5.9% ( 5.9 % ) .", "the discount rates for the foreign pension and postretirement plans are selected by reference to high-quality corporate bond rates in countries that have developed corporate bond markets .", "however , where developed corporate bond markets do not exist , the discount rates are selected by reference to local government bond rates with a premium added to reflect the additional risk for corporate bonds .", "for additional information on the pension and postretirement plans , and on discount rates used in determining pension and postretirement benefit obligations and net benefit expense for the company 2019s plans , as well as the effects of a one percentage-point change in the expected rates of return and the discount rates , see note 9 to the company 2019s consolidated financial statements on page 144 .", "adoption of sfas 158 upon the adoption of sfas no .", "158 , employer 2019s accounting for defined benefit pensions and other postretirement benefits ( sfas 158 ) , at december 31 , 2006 , the company recorded an after-tax charge to equity of $ 1.6 billion , which corresponds to the plans 2019 net pension and postretirement liabilities and the write-off of the existing prepaid asset , which relates to unamortized actuarial gains and losses , prior service costs/benefits and transition assets/liabilities .", "for a discussion of fair value of assets and liabilities , see 201csignificant accounting policies and significant estimates 201d on page 18 and notes 26 , 27 and 28 to the consolidated financial statements on pages 192 , 202 and 207. ." ]

[ [ "", "2008", "2007", "2006" ], [ "Expected rate of return", "7.75%", "8.0%", "8.0%" ], [ "Actual rate of return", "(5.42)%", "13.2%", "14.7%" ] ]

[ [ "", "2008", "2007", "2006" ], [ "expected rate of return", "7.75% ( 7.75 % )", "8.0% ( 8.0 % )", "8.0% ( 8.0 % )" ], [ "actual rate of return", "( 5.42 ) % ( % )", "13.2% ( 13.2 % )", "14.7% ( 14.7 % )" ] ]

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[ "related employer payroll tax costs ) .", "the contributions of these amounts are due by march 15 of the calendar year following the year in which the company realizes the benefits of the deductions .", "this arrangement has been accounted for as contingent consideration .", "pre-2009 business combinations were accounted for under a former accounting standard which , among other aspects , precluded the recognition of certain contingent consideration as of the business combination date .", "instead , under the former accounting standard , contingent consideration is accounted for as additional purchase price ( goodwill ) at the time the contingency is resolved .", "as of december 31 , 2013 , the company accrued $ 20.9 million related to this arrangement within other current liabilities , as the company realized the tax benefit of the compensation deductions during the 2013 tax year .", "the company made the related cash contribution during the first quarter of 2014 .", "11 .", "earnings per share the numerator for both basic and diluted earnings per share is net income .", "the denominator for basic earnings per share is the weighted-average number of common shares outstanding during the period .", "the 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters' exercise in full of the overallotment option granted to them in connection with the ipo .", "because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator .", "such shares are fully reflected in the 2014 denominator .", "see note 9 for additional discussion of the ipo .", "the dilutive effect of outstanding restricted stock , restricted stock units , stock options , coworker stock purchase plan units and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method .", "the following is a reconciliation of basic shares to diluted shares: ." ]

[ "there was an insignificant amount of potential common shares excluded from diluted earnings per share for the years ended december 31 , 2014 , 2013 and 2012 , as their inclusion would have had an anti-dilutive effect .", "12 .", "deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan .", "the total number of rdus that could be granted under the rdu plan was 28500 .", "as of december 31 , 2014 , 28500 rdus were outstanding .", "rdus vested daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 .", "all outstanding rdus were vested as of december 31 , 2014 .", "participants have no rights to the underlying debt .", "the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component .", "the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the \"debt pool\" ) , together with certain redemption premium equivalents as noted below .", "the interest component credited the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below .", "interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates .", "the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 .", "in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan .", "in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes .", "in addition , the company added $ 0.1 table of contents cdw corporation and subsidiaries notes to consolidated financial statements ." ]

[ [ "", "Years Ended December 31," ], [ "(in millions)", "2014", "2013", "2012" ], [ "Weighted-average shares - basic", "170.6", "156.6", "145.1" ], [ "Effect of dilutive securities", "2.2", "2.1", "0.7" ], [ "Weighted-average shares - diluted", "172.8", "158.7", "145.8" ] ]

[ [ "( in millions )", "years ended december 31 , 2014", "years ended december 31 , 2013", "years ended december 31 , 2012" ], [ "weighted-average shares - basic", "170.6", "156.6", "145.1" ], [ "effect of dilutive securities", "2.2", "2.1", "0.7" ], [ "weighted-average shares - diluted", "172.8", "158.7", "145.8" ] ]

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

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

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

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

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[ "table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison .", "interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 .", "( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations .", "in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes .", "in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs .", "( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 .", "other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness .", "the foreign currency losses were driven primarily by the strengthening of the u.s .", "dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real .", "other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million .", "reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases .", "the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : ." ]

[ "( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .", "each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .", "the total value of this deemed claim was approximately $ 1.7 billion .", "( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .", "the debtors recorded an estimated claim associated with the rejection or modification of a financing ." ]

[ [ "", "2013" ], [ "Labor-related deemed claim (1)", "$1,733" ], [ "Aircraft and facility financing renegotiations and rejections (2), (3)", "325" ], [ "Fair value of conversion discount (4)", "218" ], [ "Professional fees", "199" ], [ "Other", "180" ], [ "Total reorganization items, net", "$2,655" ] ]

[ [ "", "2013" ], [ "labor-related deemed claim ( 1 )", "$ 1733" ], [ "aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )", "325" ], [ "fair value of conversion discount ( 4 )", "218" ], [ "professional fees", "199" ], [ "other", "180" ], [ "total reorganization items net", "$ 2655" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements mexico litigation 2014one of the company 2019s subsidiaries , spectrasite communications , inc .", "( 201csci 201d ) , is involved in a lawsuit brought in mexico against a former mexican subsidiary of sci ( the subsidiary of sci was sold in 2002 , prior to the company 2019s merger with sci 2019s parent in 2005 ) .", "the lawsuit concerns a terminated tower construction contract and related agreements with a wireless carrier in mexico .", "the primary issue for the company is whether sci itself can be found liable to the mexican carrier .", "the trial and lower appellate courts initially found that sci had no such liability in part because mexican courts do not have the necessary jurisdiction over sci .", "following several decisions by mexican appellate courts , including the supreme court of mexico , and related appeals by both parties , an intermediate appellate court issued a new decision that would , if enforceable , reimpose liability on sci in september 2010 .", "in its decision , the intermediate appellate court identified potential damages of approximately $ 6.7 million , and on october 14 , 2010 , the company filed a new constitutional appeal to again dispute the decision .", "as a result , at this stage of the proceeding , the company is unable to determine whether the liability imposed on sci by the september 2010 decision will survive or to estimate its share , if any , of that potential liability if the decision survives the pending appeal .", "xcel litigation 2014on june 3 , 2010 , horse-shoe capital ( 201chorse-shoe 201d ) , a company formed under the laws of the republic of mauritius , filed a complaint in the supreme court of the state of new york , new york county , with respect to horse-shoe 2019s sale of xcel to american tower mauritius ( 201catmauritius 201d ) , the company 2019s wholly-owned subsidiary formed under the laws of the republic of mauritius .", "the complaint names atmauritius , ati and the company as defendants , and the dispute concerns the timing and amount of distributions to be made by atmauritius to horse-shoe from a $ 7.5 million holdback escrow account and a $ 15.7 million tax escrow account , each established by the transaction agreements at closing .", "the complaint seeks release of the entire holdback escrow account , plus an additional $ 2.8 million , as well as the release of approximately $ 12.0 million of the tax escrow account .", "the complaint also seeks punitive damages in excess of $ 69.0 million .", "the company filed an answer to the complaint in august 2010 , disputing both the amounts alleged to be owed under the escrow agreements as well as the timing of the escrow distributions .", "the company also asserted in its answer that the demand for punitive damages is meritless .", "the parties have filed cross-motions for summary judgment concerning the release of the tax escrow account and in january 2011 the court granted the company 2019s motion for summary judgment , finding no obligation for the company to release the disputed portion of the tax escrow until 2013 .", "other claims are pending .", "the company is vigorously defending the lawsuit .", "lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms .", "many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option .", "escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are recognized on a straight-line basis over the non-cancellable term of the lease .", "future minimum rental payments under non-cancellable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease .", "such payments in effect at december 31 , 2010 are as follows ( in thousands ) : year ending december 31 ." ]

[ "." ]

[ [ "2011", "$257,971" ], [ "2012", "254,575" ], [ "2013", "251,268" ], [ "2014", "246,392" ], [ "2015", "238,035" ], [ "Thereafter", "2,584,332" ], [ "Total", "$3,832,573" ] ]

[ [ "2011", "$ 257971" ], [ "2012", "254575" ], [ "2013", "251268" ], [ "2014", "246392" ], [ "2015", "238035" ], [ "thereafter", "2584332" ], [ "total", "$ 3832573" ] ]

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[ "aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .", "the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .", "partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .", "operating profit for c-5 programs was comparable to 2011 .", "adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .", "backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .", "backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .", "trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .", "operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .", "information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .", "is&gs has a portfolio of many smaller contracts as compared to our other business segments .", "is&gs has been impacted by the continued downturn in federal information technology budgets .", "is&gs 2019 operating results included the following ( in millions ) : ." ]

[ "2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .", "the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .", "the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .", "is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .", "the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .", "the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .", "census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; ." ]

[ [ "", "2013", "2012", "2011" ], [ "Net sales", "$8,367", "$8,846", "$9,381" ], [ "Operating profit", "759", "808", "874" ], [ "Operating margins", "9.1%", "9.1%", "9.3%" ], [ "Backlog at year-end", "8,300", "8,700", "9,300" ] ]

[ [ "", "2013", "2012", "2011" ], [ "net sales", "$ 8367", "$ 8846", "$ 9381" ], [ "operating profit", "759", "808", "874" ], [ "operating margins", "9.1% ( 9.1 % )", "9.1% ( 9.1 % )", "9.3% ( 9.3 % )" ], [ "backlog at year-end", "8300", "8700", "9300" ] ]

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[ "the goldman sachs group , inc .", "and subsidiaries notes to consolidated financial statements long-term debt instruments the aggregate contractual principal amount of long-term other secured financings for which the fair value option was elected exceeded the related fair value by $ 361 million and $ 362 million as of december 2016 and december 2015 , respectively .", "the aggregate contractual principal amount of unsecured long-term borrowings for which the fair value option was elected exceeded the related fair value by $ 1.56 billion and $ 1.12 billion as of december 2016 and december 2015 , respectively .", "the amounts above include both principal- and non-principal-protected long-term borrowings .", "impact of credit spreads on loans and lending commitments the estimated net gain attributable to changes in instrument-specific credit spreads on loans and lending commitments for which the fair value option was elected was $ 281 million for 2016 , $ 751 million for 2015 and $ 1.83 billion for 2014 , respectively .", "the firm generally calculates the fair value of loans and lending commitments for which the fair value option is elected by discounting future cash flows at a rate which incorporates the instrument-specific credit spreads .", "for floating-rate loans and lending commitments , substantially all changes in fair value are attributable to changes in instrument-specific credit spreads , whereas for fixed-rate loans and lending commitments , changes in fair value are also attributable to changes in interest rates .", "debt valuation adjustment the firm calculates the fair value of financial liabilities for which the fair value option is elected by discounting future cash flows at a rate which incorporates the firm 2019s credit spreads .", "the net dva on such financial liabilities was a loss of $ 844 million ( $ 544 million , net of tax ) for 2016 and was included in 201cdebt valuation adjustment 201d in the consolidated statements of comprehensive income .", "the gains/ ( losses ) reclassified to earnings from accumulated other comprehensive loss upon extinguishment of such financial liabilities were not material for 2016 .", "note 9 .", "loans receivable loans receivable is comprised of loans held for investment that are accounted for at amortized cost net of allowance for loan losses .", "interest on loans receivable is recognized over the life of the loan and is recorded on an accrual basis .", "the table below presents details about loans receivable. ." ]

[ "as of december 2016 and december 2015 , the fair value of loans receivable was $ 49.80 billion and $ 45.19 billion , respectively .", "as of december 2016 , had these loans been carried at fair value and included in the fair value hierarchy , $ 28.40 billion and $ 21.40 billion would have been classified in level 2 and level 3 , respectively .", "as of december 2015 , had these loans been carried at fair value and included in the fair value hierarchy , $ 23.91 billion and $ 21.28 billion would have been classified in level 2 and level 3 , respectively .", "the firm also extends lending commitments that are held for investment and accounted for on an accrual basis .", "as of december 2016 and december 2015 , such lending commitments were $ 98.05 billion and $ 93.92 billion , respectively .", "substantially all of these commitments were extended to corporate borrowers and were primarily related to the firm 2019s relationship lending activities .", "the carrying value and the estimated fair value of such lending commitments were liabilities of $ 327 million and $ 2.55 billion , respectively , as of december 2016 , and $ 291 million and $ 3.32 billion , respectively , as of december 2015 .", "as of december 2016 , had these lending commitments been carried at fair value and included in the fair value hierarchy , $ 1.10 billion and $ 1.45 billion would have been classified in level 2 and level 3 , respectively .", "as of december 2015 , had these lending commitments been carried at fair value and included in the fair value hierarchy , $ 1.35 billion and $ 1.97 billion would have been classified in level 2 and level 3 , respectively .", "goldman sachs 2016 form 10-k 147 ." ]

[ [ "", "As of December" ], [ "<i>$ in millions</i>", "2016", "2015" ], [ "Corporate loans", "$24,837", "$20,740" ], [ "Loans to private wealth management clients", "13,828", "13,961" ], [ "Loans backed by commercial real estate", "4,761", "5,271" ], [ "Loans backed by residential real estate", "3,865", "2,316" ], [ "Other loans", "2,890", "3,533" ], [ "Total loans receivable, gross", "50,181", "45,821" ], [ "Allowance for loan losses", "(509)", "(414)" ], [ "Total loans receivable", "$49,672", "$45,407" ] ]

[ [ "$ in millions", "as of december 2016", "as of december 2015" ], [ "corporate loans", "$ 24837", "$ 20740" ], [ "loans to private wealth management clients", "13828", "13961" ], [ "loans backed by commercial real estate", "4761", "5271" ], [ "loans backed by residential real estate", "3865", "2316" ], [ "other loans", "2890", "3533" ], [ "total loans receivable gross", "50181", "45821" ], [ "allowance for loan losses", "-509 ( 509 )", "-414 ( 414 )" ], [ "total loans receivable", "$ 49672", "$ 45407" ] ]

[]

[ "during 2015 , continued management actions , primarily the sale or transfer to held-for-sale of approximately $ 1.5 billion of delinquent residential first mortgages , including $ 0.9 billion in the fourth quarter largely associated with the transfer of citifinancial loans to held-for-sale referenced above , were the primary driver of the overall improvement in delinquencies within citi holdings 2019 residential first mortgage portfolio .", "credit performance from quarter to quarter could continue to be impacted by the amount of delinquent loan sales or transfers to held-for-sale , as well as overall trends in hpi and interest rates .", "north america residential first mortgages 2014state delinquency trends the following tables set forth the six u.s .", "states and/or regions with the highest concentration of citi 2019s residential first mortgages. ." ]

[ "total ( 5 ) $ 51.5 100% ( 100 % ) 0.7% ( 0.7 % ) 1% ( 1 % ) 738 $ 60.1 100% ( 100 % ) 2.1% ( 2.1 % ) 4% ( 4 % ) 715 note : totals may not sum due to rounding .", "( 1 ) certain of the states are included as part of a region based on citi 2019s view of similar hpi within the region .", "( 2 ) ending net receivables .", "excludes loans in canada and puerto rico , loans guaranteed by u.s .", "government agencies , loans recorded at fair value and loans subject to long term standby commitments ( ltscs ) .", "excludes balances for which fico or ltv data are unavailable .", "( 3 ) ltv ratios ( loan balance divided by appraised value ) are calculated at origination and updated by applying market price data .", "( 4 ) new york , new jersey , connecticut , florida and illinois are judicial states .", "( 5 ) improvement in state trends during 2015 was primarily due to the sale or transfer to held-for-sale of residential first mortgages , including the transfer of citifinancial residential first mortgages to held-for-sale in the fourth quarter of 2015 .", "foreclosures a substantial majority of citi 2019s foreclosure inventory consists of residential first mortgages .", "at december 31 , 2015 , citi 2019s foreclosure inventory included approximately $ 0.1 billion , or 0.2% ( 0.2 % ) , of the total residential first mortgage portfolio , compared to $ 0.6 billion , or 0.9% ( 0.9 % ) , at december 31 , 2014 , based on the dollar amount of ending net receivables of loans in foreclosure inventory , excluding loans that are guaranteed by u.s .", "government agencies and loans subject to ltscs .", "north america consumer mortgage quarterly credit trends 2014net credit losses and delinquencies 2014home equity citi 2019s home equity loan portfolio consists of both fixed-rate home equity loans and loans extended under home equity lines of credit .", "fixed-rate home equity loans are fully amortizing .", "home equity lines of credit allow for amounts to be drawn for a period of time with the payment of interest only and then , at the end of the draw period , the then-outstanding amount is converted to an amortizing loan ( the interest-only payment feature during the revolving period is standard for this product across the industry ) .", "after conversion , the home equity loans typically have a 20-year amortization period .", "as of december 31 , 2015 , citi 2019s home equity loan portfolio of $ 22.8 billion consisted of $ 6.3 billion of fixed-rate home equity loans and $ 16.5 billion of loans extended under home equity lines of credit ( revolving helocs ) . ." ]

[ [ "In billions of dollars", "December 31, 2015", "December 31, 2014" ], [ "State⁽¹⁾", "ENR⁽²⁾", "ENRDistribution", "90+DPD%", "%LTV >100%⁽³⁾", "RefreshedFICO", "ENR⁽²⁾", "ENRDistribution", "90+DPD%", "%LTV >100%⁽³⁾", "RefreshedFICO" ], [ "CA", "$19.2", "37%", "0.2%", "1%", "754", "$18.9", "31%", "0.6%", "2%", "745" ], [ "NY/NJ/CT⁽⁴⁾", "12.7", "25", "0.8", "1", "751", "12.2", "20", "1.9", "2", "740" ], [ "VA/MD", "2.2", "4", "1.2", "2", "719", "3.0", "5", "3.0", "8", "695" ], [ "IL⁽⁴⁾", "2.2", "4", "1.0", "3", "735", "2.5", "4", "2.5", "9", "713" ], [ "FL⁽⁴⁾", "2.2", "4", "1.1", "4", "723", "2.8", "5", "3.0", "14", "700" ], [ "TX", "1.9", "4", "1.0", "—", "711", "2.5", "4", "2.7", "—", "680" ], [ "Other", "11.0", "21", "1.3", "2", "710", "18.2", "30", "3.3", "7", "677" ], [ "Total⁽⁵⁾", "$51.5", "100%", "0.7%", "1%", "738", "$60.1", "100%", "2.1%", "4%", "715" ] ]

[ [ "in billions of dollars state ( 1 )", "in billions of dollars enr ( 2 )", "in billions of dollars enrdistribution", "in billions of dollars 90+dpd% ( 90+dpd % )", "in billions of dollars %ltv >100% ( >100 % ) ( 3 )", "in billions of dollars refreshedfico", "in billions of dollars enr ( 2 )", "in billions of dollars enrdistribution", "in billions of dollars 90+dpd% ( 90+dpd % )", "%ltv >100% ( >100 % ) ( 3 )", "refreshedfico" ], [ "ca", "$ 19.2", "37% ( 37 % )", "0.2% ( 0.2 % )", "1% ( 1 % )", "754", "$ 18.9", "31% ( 31 % )", "0.6% ( 0.6 % )", "2% ( 2 % )", "745" ], [ "ny/nj/ct ( 4 )", "12.7", "25", "0.8", "1", "751", "12.2", "20", "1.9", "2", "740" ], [ "va/md", "2.2", "4", "1.2", "2", "719", "3.0", "5", "3.0", "8", "695" ], [ "il ( 4 )", "2.2", "4", "1.0", "3", "735", "2.5", "4", "2.5", "9", "713" ], [ "fl ( 4 )", "2.2", "4", "1.1", "4", "723", "2.8", "5", "3.0", "14", "700" ], [ "tx", "1.9", "4", "1.0", "2014", "711", "2.5", "4", "2.7", "2014", "680" ], [ "other", "11.0", "21", "1.3", "2", "710", "18.2", "30", "3.3", "7", "677" ], [ "total ( 5 )", "$ 51.5", "100% ( 100 % )", "0.7% ( 0.7 % )", "1% ( 1 % )", "738", "$ 60.1", "100% ( 100 % )", "2.1% ( 2.1 % )", "4% ( 4 % )", "715" ] ]

[]

[ "entergy arkansas , inc .", "management's financial discussion and analysis gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 114 million in gross wholesale revenue due to an increase in the average price of energy available for resale sales and an increase in sales to affiliated customers ; an increase of $ 106.1 million in production cost allocation rider revenues which became effective in july 2007 as a result of the system agreement proceedings .", "as a result of the system agreement proceedings , entergy arkansas also has a corresponding increase in deferred fuel expense for payments to other entergy system companies such that there is no effect on net income .", "entergy arkansas makes payments over a seven-month period but collections from customers occur over a twelve-month period .", "the production cost allocation rider is discussed in note 2 to the financial statements and the system agreement proceedings are referenced below under \"federal regulation\" ; and an increase of $ 58.9 million in fuel cost recovery revenues due to changes in the energy cost recovery rider effective april 2008 and september 2008 , partially offset by decreased usage .", "the energy cost recovery rider filings are discussed in note 2 to the financial statements .", "the increase was partially offset by a decrease of $ 14.6 million related to volume/weather , as discussed above .", "fuel and purchased power expenses increased primarily due to an increase of $ 106.1 million in deferred system agreement payments , as discussed above and an increase in the average market price of purchased power .", "2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .", "following is an analysis of the change in net revenue comparing 2007 to 2006 .", "amount ( in millions ) ." ]

[ "the net wholesale revenue variance is primarily due to lower wholesale revenues in the third quarter 2006 due to an october 2006 ferc order requiring entergy arkansas to make a refund to a coal plant co-owner resulting from a contract dispute , in addition to re-pricing revisions , retroactive to 2003 , of $ 5.9 million of purchased power agreements among entergy system companies as directed by the ferc .", "the transmission revenue variance is primarily due to higher rates and the addition of new transmission customers in late 2006 .", "the deferred fuel cost revisions variance is primarily due to the 2006 energy cost recovery true-up , made in the first quarter 2007 , which increased net revenue by $ 6.6 million .", "gross operating revenue and fuel and purchased power expenses gross operating revenues decreased primarily due to a decrease of $ 173.1 million in fuel cost recovery revenues due to a decrease in the energy cost recovery rider effective april 2007 .", "the energy cost recovery rider is discussed in note 2 to the financial statements .", "the decrease was partially offset by production cost allocation rider revenues of $ 124.1 million that became effective in july 2007 as a result of the system agreement proceedings .", "as ." ]

[ [ "", "Amount (In Millions)" ], [ "2006 net revenue", "$1,074.5" ], [ "Net wholesale revenue", "13.2" ], [ "Transmission revenue", "11.8" ], [ "Deferred fuel costs revisions", "8.6" ], [ "Other", "2.5" ], [ "2007 net revenue", "$1,110.6" ] ]

[ [ "", "amount ( in millions )" ], [ "2006 net revenue", "$ 1074.5" ], [ "net wholesale revenue", "13.2" ], [ "transmission revenue", "11.8" ], [ "deferred fuel costs revisions", "8.6" ], [ "other", "2.5" ], [ "2007 net revenue", "$ 1110.6" ] ]

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[ "as of december 31 , 2014 and 2013 , 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 2011 , other than with respect to refunds .", "u.s .", "income taxes and foreign withholding taxes have not been provided on earnings of $ 291 million , $ 222 million and $ 211 million that have not been distributed by our non-u.s .", "companies as of december 31 , 2014 , 2013 and 2012 .", "our intention is to permanently reinvest these earnings , thereby indefinitely postponing their remittance to the u.s .", "if these earnings had been remitted , we estimate that the additional income taxes after foreign tax credits would have been approximately $ 55 million in 2014 , $ 50 million in 2013 and $ 45 million in 2012 .", "our federal and foreign income tax payments , net of refunds received , were $ 1.5 billion in 2014 , $ 787 million in 2013 and $ 890 million in 2012 .", "our 2014 and 2013 net payments reflect a $ 200 million and $ 550 million refund from the irs primarily attributable to our tax-deductible discretionary pension contributions during the fourth quarters of 2013 and 2012 , and our 2012 net payments reflect a $ 153 million refund from the irs related to a 2011 capital loss carryback .", "note 8 2013 debt our long-term debt consisted of the following ( in millions ) : ." ]

[ "in august 2014 , we entered into a new $ 1.5 billion revolving credit facility with a syndicate of banks and concurrently terminated our existing $ 1.5 billion revolving credit facility which was scheduled to expire in august 2016 .", "the new credit facility expires august 2019 and we may request and the banks may grant , at their discretion , an increase to the new credit facility of up to an additional $ 500 million .", "the credit facility also includes a sublimit of up to $ 300 million available for the issuance of letters of credit .", "there were no borrowings outstanding under the new facility through december 31 , 2014 .", "borrowings under the new 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 new credit facility .", "each bank 2019s obligation to make loans under the credit facility is subject to , among other things , our compliance with various representations , warranties and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the credit facility .", "the leverage ratio covenant excludes the adjustments recognized in stockholders 2019 equity related to postretirement benefit plans .", "as of december 31 , 2014 , we were in compliance with all covenants contained in the credit facility , as well as in our debt agreements .", "we have agreements in place with financial institutions to provide for the issuance of commercial paper .", "there were no commercial paper borrowings outstanding during 2014 or 2013 .", "if we were to issue commercial paper , the borrowings would be supported by the credit facility .", "in april 2013 , we repaid $ 150 million of long-term notes with a fixed interest rate of 7.38% ( 7.38 % ) due to their scheduled maturities .", "during the next five years , we have scheduled long-term debt maturities of $ 952 million due in 2016 and $ 900 million due in 2019 .", "interest payments were $ 326 million in 2014 , $ 340 million in 2013 and $ 378 million in 2012 .", "all of our existing unsecured and unsubordinated indebtedness rank equally in right of payment .", "note 9 2013 postretirement plans defined benefit pension plans and retiree medical and life insurance plans many of our employees are covered by qualified defined benefit pension plans and we provide certain health care and life insurance benefits to eligible retirees ( collectively , postretirement benefit plans ) .", "we also sponsor nonqualified defined benefit pension plans to provide for benefits in excess of qualified plan limits .", "non-union represented employees hired after december 2005 do not participate in our qualified defined benefit pension plans , but are eligible to participate in a qualified ." ]

[ [ "", "2014", "2013" ], [ "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", "916" ], [ "Other debt", "483", "476" ], [ "Total long-term debt", "7,041", "7,034" ], [ "Less: unamortized discounts", "(872)", "(882)" ], [ "Total long-term debt, net", "$6,169", "$6,152" ] ]

[ [ "", "2014", "2013" ], [ "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", "916" ], [ "other debt", "483", "476" ], [ "total long-term debt", "7041", "7034" ], [ "less : unamortized discounts", "-872 ( 872 )", "-882 ( 882 )" ], [ "total long-term debt net", "$ 6169", "$ 6152" ] ]

[ { "arg1": "6169", "arg2": "6152", "op": "minus1-1", "res": "12321" }, { "arg1": "#0", "arg2": "const_2", "op": "divide1-2", "res": "6160.5" } ]

[ "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" ] ]

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[ "table of contents stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends .", "fiscal year ending december 31 , 2015 .", "( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lear corp. , lkq corp. , meritor inc. , standard motor products inc. , stoneridge inc. , superior industries international , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc .", "company index november 17 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "dividends the company has declared and paid cash dividends of $ 0.25 per ordinary share in each quarter of 2014 and 2015 .", "in addition , in january 2016 , the board of directors increased the annual dividend rate to $ 1.16 per ordinary share , and declared a regular quarterly cash dividend of $ 0.29 per ordinary share , payable on february 29 , 2016 to shareholders of record at the close of business on february 17 , 2016. ." ]

[ [ "Company Index", "November 17, 2011", "December 31, 2011", "December 31, 2012", "December 31, 2013", "December 31, 2014", "December 31, 2015" ], [ "Delphi Automotive PLC (1)", "$100.00", "$100.98", "$179.33", "$285.81", "$350.82", "$418.67" ], [ "S&P 500 (2)", "100.00", "100.80", "116.93", "154.80", "175.99", "178.43" ], [ "Automotive Supplier Peer Group (3)", "100.00", "89.62", "109.96", "166.26", "176.25", "171.91" ] ]

[ [ "company index", "november 17 2011", "december 31 2011", "december 31 2012", "december 31 2013", "december 31 2014", "december 31 2015" ], [ "delphi automotive plc ( 1 )", "$ 100.00", "$ 100.98", "$ 179.33", "$ 285.81", "$ 350.82", "$ 418.67" ], [ "s&p 500 ( 2 )", "100.00", "100.80", "116.93", "154.80", "175.99", "178.43" ], [ "automotive supplier peer group ( 3 )", "100.00", "89.62", "109.96", "166.26", "176.25", "171.91" ] ]

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[ "masco corporation notes to consolidated financial statements ( continued ) t .", "other commitments and contingencies litigation .", "we are subject to claims , charges , litigation and other proceedings in the ordinary course of our business , including those arising from or related to contractual matters , intellectual property , personal injury , environmental matters , product liability , construction defect , insurance coverage , personnel and employment disputes and other matters , including class actions .", "we believe we have adequate defenses in these matters and that the outcome of these matters is not likely to have a material adverse effect on us .", "however , there is no assurance that we will prevail in these matters , and we could in the future incur judgments , enter into settlements of claims or revise our expectations regarding the outcome of these matters , which could materially impact our results of operations .", "in july 2012 , the company reached a settlement agreement related to the columbus drywall litigation .", "the company and its insulation installation companies named in the suit agreed to pay $ 75 million in return for dismissal with prejudice and full release of all claims .", "the company and its insulation installation companies continue to deny that the challenged conduct was unlawful and admit no wrongdoing as part of the settlement .", "a settlement was reached to eliminate the considerable expense and uncertainty of this lawsuit .", "the company recorded the settlement expense in the second quarter of 2012 and the amount was paid in the fourth quarter of 2012 .", "warranty .", "at the time of sale , the company accrues a warranty liability for the estimated cost to provide products , parts or services to repair or replace products in satisfaction of warranty obligations .", "during the third quarter of 2012 , a business in the other specialty products segment recorded a $ 12 million increase in expected future warranty claims resulting from the completion of an analysis prepared by the company based upon its periodic assessment of recent business unit specific operating trends including , among others , home ownership demographics , sales volumes , manufacturing quality , an analysis of recent warranty claim activity and an estimate of current costs to service anticipated claims .", "changes in the company 2019s warranty liability were as follows , in millions: ." ]

[ "investments .", "with respect to the company 2019s investments in private equity funds , the company had , at december 31 , 2012 , commitments to contribute up to $ 19 million of additional capital to such funds representing the company 2019s aggregate capital commitment to such funds less capital contributions made to date .", "the company is contractually obligated to make additional capital contributions to certain of its private equity funds upon receipt of a capital call from the private equity fund .", "the company has no control over when or if the capital calls will occur .", "capital calls are funded in cash and generally result in an increase in the carrying value of the company 2019s investment in the private equity fund when paid. ." ]

[ [ "", "2012", "2011" ], [ "Balance at January 1", "$102", "$107" ], [ "Accruals for warranties issued during the year", "42", "28" ], [ "Accruals related to pre-existing warranties", "16", "8" ], [ "Settlements made (in cash or kind) during the year", "(38)", "(38)" ], [ "Other, net (including currency translation)", "(4)", "(3)" ], [ "Balance at December 31", "$118", "$102" ] ]

[ [ "", "2012", "2011" ], [ "balance at january 1", "$ 102", "$ 107" ], [ "accruals for warranties issued during the year", "42", "28" ], [ "accruals related to pre-existing warranties", "16", "8" ], [ "settlements made ( in cash or kind ) during the year", "-38 ( 38 )", "-38 ( 38 )" ], [ "other net ( including currency translation )", "-4 ( 4 )", "-3 ( 3 )" ], [ "balance at december 31", "$ 118", "$ 102" ] ]

[ { "arg1": "118", "arg2": "102", "op": "minus1-1", "res": "16" }, { "arg1": "#0", "arg2": "102", "op": "divide1-2", "res": "15.7%" } ]

[ "jpmorgan chase & co./2018 form 10-k 117 lending-related commitments the firm uses lending-related financial instruments , such as commitments ( including revolving credit facilities ) and guarantees , to address the financing needs of its clients .", "the contractual amounts of these financial instruments represent the maximum possible credit risk should the clients draw down on these commitments or the firm fulfill its obligations under these guarantees , and the clients subsequently fail to perform according to the terms of these contracts .", "most of these commitments and guarantees are refinanced , extended , cancelled , or expire without being drawn upon or a default occurring .", "in the firm 2019s view , the total contractual amount of these wholesale lending-related commitments is not representative of the firm 2019s expected future credit exposure or funding requirements .", "for further information on wholesale lending-related commitments , refer to note 27 .", "clearing services the firm provides clearing services for clients entering into certain securities and derivative contracts .", "through the provision of these services the firm is exposed to the risk of non-performance by its clients and may be required to share in losses incurred by ccps .", "where possible , the firm seeks to mitigate its credit risk to its clients through the collection of adequate margin at inception and throughout the life of the transactions and can also cease provision of clearing services if clients do not adhere to their obligations under the clearing agreement .", "for further discussion of clearing services , refer to note 27 .", "derivative contracts derivatives enable clients and counterparties to manage risks including credit risk and risks arising from fluctuations in interest rates , foreign exchange , equities , and commodities .", "the firm makes markets in derivatives in order to meet these needs and uses derivatives to manage certain risks associated with net open risk positions from its market-making activities , including the counterparty credit risk arising from derivative receivables .", "the firm also uses derivative instruments to manage its own credit and other market risk exposure .", "the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed .", "for otc derivatives the firm is exposed to the credit risk of the derivative counterparty .", "for exchange-traded derivatives ( 201cetd 201d ) , such as futures and options , and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp .", "where possible , the firm seeks to mitigate its credit risk exposures arising from derivative contracts through the use of legally enforceable master netting arrangements and collateral agreements .", "for a further discussion of derivative contracts , counterparties and settlement types , refer to note 5 .", "the following table summarizes the net derivative receivables for the periods presented .", "derivative receivables ." ]

[ "( a ) includes collateral related to derivative instruments where appropriate legal opinions have not been either sought or obtained with respect to master netting agreements .", "the fair value of derivative receivables reported on the consolidated balance sheets were $ 54.2 billion and $ 56.5 billion at december 31 , 2018 and 2017 , respectively .", "derivative receivables represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm .", "however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s .", "government and agency securities and other group of seven nations ( 201cg7 201d ) government securities ) and other cash collateral held by the firm aggregating $ 15.3 billion and $ 16.1 billion at december 31 , 2018 and 2017 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor .", "in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date .", "although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative contracts move in the firm 2019s favor .", "the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit .", "for additional information on the firm 2019s use of collateral agreements , refer to note 5 .", "while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure .", "to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) .", "these measures all incorporate netting and collateral benefits , where applicable .", "peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction .", "peak is the primary measure used by the firm for setting of credit limits for derivative contracts , senior management reporting and derivatives exposure management .", "dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be ." ]

[ [ "December 31, (in millions)", "2018", "2017" ], [ "Total, net of cash collateral", "$54,213", "$56,523" ], [ "Liquid securities and other cash collateral held against derivative receivables^(a)", "(15,322)", "(16,108)" ], [ "Total, net of all collateral", "$38,891", "$40,415" ] ]

[ [ "december 31 ( in millions )", "2018", "2017" ], [ "total net of cash collateral", "$ 54213", "$ 56523" ], [ "liquid securities and other cash collateral held against derivative receivables ( a )", "-15322 ( 15322 )", "-16108 ( 16108 )" ], [ "total net of all collateral", "$ 38891", "$ 40415" ] ]

[]

[ "asset category target allocation total quoted prices in active markets for identical assets ( level 1 ) significant observable inputs ( level 2 ) significant unobservable inputs ." ]

[ "balance as of january 1 , 2017 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "$ 140 actual return on assets .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "2 purchases , issuances and settlements , net .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "136 balance as of december 31 , 2017 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "$ 278 the company 2019s postretirement benefit plans have different levels of funded status and the assets are held under various trusts .", "the investments and risk mitigation strategies for the plans are tailored specifically for each trust .", "in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and meet the risk tolerance criteria of the company .", "the company periodically updates the long-term , strategic asset allocations for these plans through asset liability studies and uses various analytics to determine the optimal asset allocation .", "considerations include plan liability characteristics , liquidity needs , funding requirements , expected rates of return and the distribution of returns .", "in 2012 , the company implemented a de-risking strategy for the american water pension plan after conducting an asset-liability study to reduce the volatility of the funded status of the plan .", "as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of fixed- income assets relative to liabilities .", "the fixed income portion of the portfolio was designed to match the bond- ." ]

[ [ "", "Level 3" ], [ "Balance as of January 1, 2018", "$278" ], [ "Actual return on assets", "(23)" ], [ "Purchases, issuances and settlements, net", "(25)" ], [ "Balance as of December 31, 2018", "$230" ] ]

[ [ "", "level 3" ], [ "balance as of january 1 2018", "$ 278" ], [ "actual return on assets", "-23 ( 23 )" ], [ "purchases issuances and settlements net", "-25 ( 25 )" ], [ "balance as of december 31 2018", "$ 230" ] ]

[ { "arg1": "230", "arg2": "140", "op": "minus2-1", "res": "90" }, { "arg1": "#0", "arg2": "140", "op": "divide2-2", "res": "64.3%" } ]

[ "for the year ended december 31 , 2005 , we realized net losses of $ 1 million on sales of available-for- sale securities .", "unrealized gains of $ 1 million were included in other comprehensive income at december 31 , 2004 , net of deferred taxes of less than $ 1 million , related to these sales .", "for the year ended december 31 , 2004 , we realized net gains of $ 26 million on sales of available-for- sale securities .", "unrealized gains of $ 11 million were included in other comprehensive income at december 31 , 2003 , net of deferred taxes of $ 7 million , related to these sales .", "note 13 .", "equity-based compensation the 2006 equity incentive plan was approved by shareholders in april 2006 , and 20000000 shares of common stock were approved for issuance for stock and stock-based awards , including stock options , stock appreciation rights , restricted stock , deferred stock and performance awards .", "in addition , up to 8000000 shares from our 1997 equity incentive plan , that were available to issue or become available due to cancellations and forfeitures , may be awarded under the 2006 plan .", "the 1997 plan expired on december 18 , 2006 .", "as of december 31 , 2006 , 1305420 shares from the 1997 plan have been added to and may be awarded from the 2006 plan .", "as of december 31 , 2006 , 106045 awards have been made under the 2006 plan .", "we have stock options outstanding from previous plans , including the 1997 plan , under which no further grants can be made .", "the exercise price of non-qualified and incentive stock options and stock appreciation rights may not be less than the fair value of such shares at the date of grant .", "stock options and stock appreciation rights issued under the 2006 plan and the prior 1997 plan generally vest over four years and expire no later than ten years from the date of grant .", "for restricted stock awards issued under the 2006 plan and the prior 1997 plan , stock certificates are issued at the time of grant and recipients have dividend and voting rights .", "in general , these grants vest over three years .", "for deferred stock awards issued under the 2006 plan and the prior 1997 plan , no stock is issued at the time of grant .", "generally , these grants vest over two- , three- or four-year periods .", "performance awards granted under the 2006 equity incentive plan and the prior 1997 plan are earned over a performance period based on achievement of goals , generally over two- to three- year periods .", "payment for performance awards is made in shares of our common stock or in cash equal to the fair market value of our common stock , based on certain financial ratios after the conclusion of each performance period .", "we record compensation expense , equal to the estimated fair value of the options on the grant date , on a straight-line basis over the options 2019 vesting period .", "we use a black-scholes option-pricing model to estimate the fair value of the options granted .", "the weighted-average assumptions used in connection with the option-pricing model were as follows for the years indicated. ." ]

[ "compensation expense related to stock options , stock appreciation rights , restricted stock awards , deferred stock awards and performance awards , which we record as a component of salaries and employee benefits expense in our consolidated statement of income , was $ 208 million , $ 110 million and $ 74 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively .", "the related total income tax benefit recorded in our consolidated statement of income was $ 83 million , $ 44 million and $ 30 million for 2006 , 2005 and 2004 , respectively .", "seq 87 copyarea : 38 .", "x 54 .", "trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\\\fc\\\\delivery_1024177\\\\2771-1-do_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:11:13 2007 ( v 2.247w--stp1pae18 ) ." ]

[ [ "", "2006", "2005", "2004" ], [ "Dividend yield", "1.41%", "1.85%", "1.35%" ], [ "Expected volatility", "26.50", "28.70", "27.10" ], [ "Risk-free interest rate", "4.60", "4.19", "3.02" ], [ "Expected option lives (in years)", "7.8", "7.8", "5.0" ] ]

[ [ "", "2006", "2005", "2004" ], [ "dividend yield", "1.41% ( 1.41 % )", "1.85% ( 1.85 % )", "1.35% ( 1.35 % )" ], [ "expected volatility", "26.50", "28.70", "27.10" ], [ "risk-free interest rate", "4.60", "4.19", "3.02" ], [ "expected option lives ( in years )", "7.8", "7.8", "5.0" ] ]

[ { "arg1": "4.60", "arg2": "3.02", "op": "minus1-1", "res": "1.58" }, { "arg1": "#0", "arg2": "3.02", "op": "divide1-2", "res": ".5232" } ]

[ "contracts as of december 31 , 2006 , which all mature in 2007 .", "forward contract notional amounts presented below are expressed in the stated currencies ( in thousands ) .", "forward currency contracts: ." ]

[ "a movement of 10% ( 10 % ) in the value of the u.s .", "dollar against foreign currencies would impact our expected net earnings by approximately $ 0.1 million .", "item 8 .", "financial statements and supplementary data the financial statements and supplementary data required by this item are included herein , commencing on page f-1 .", "item 9 .", "changes in and disagreements with accountants on accounting and financial disclosure item 9a .", "controls and procedures ( a ) evaluation of disclosure controls and procedures our management , with the participation of our chief executive officer and chief financial officer , evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report .", "based on that evaluation , the chief executive officer and chief financial officer concluded that our disclosure controls and procedures as of the end of the period covered by this report are functioning effectively to provide reasonable assurance that the information required to be disclosed by us in reports filed under the securities exchange act of 1934 is ( i ) recorded , processed , summarized and reported within the time periods specified in the sec 2019s rules and forms and ( ii ) accumulated and communicated to our management , including the chief executive officer and chief financial officer , as appropriate to allow timely decisions regarding disclosure .", "a controls system cannot provide absolute assurance , however , that the objectives of the controls system are met , and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud , if any , within a company have been detected .", "( b ) management 2019s report on internal control over financial reporting our management 2019s report on internal control over financial reporting is set forth on page f-2 of this annual report on form 10-k and is incorporated by reference herein .", "( c ) change in internal control over financial reporting no change in our internal control over financial reporting occurred during our most recent fiscal quarter that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .", "item 9b .", "other information ." ]

[ [ "", "(Pay)/Receive" ], [ "U.S. dollars", "(114,000)" ], [ "Euros", "(4,472)" ], [ "Singapore dollars", "37,180" ], [ "Canadian dollars", "81,234" ], [ "Malaysian ringgits", "85,963" ] ]

[ [ "", "( pay ) /receive" ], [ "u.s . dollars", "-114000 ( 114000 )" ], [ "euros", "-4472 ( 4472 )" ], [ "singapore dollars", "37180" ], [ "canadian dollars", "81234" ], [ "malaysian ringgits", "85963" ] ]

[ { "arg1": "114000", "arg2": "4472", "op": "add1-1", "res": "118472" }, { "arg1": "37180", "arg2": "81234", "op": "add1-2", "res": "118414" }, { "arg1": "85963", "arg2": "#1", "op": "add1-3", "res": "204377" }, { "arg1": "#0", "arg2": "#2", "op": "divide1-4", "res": "0.58" } ]

[ "net revenue utility following is an analysis of the change in net revenue comparing 2013 to 2012 .", "amount ( in millions ) ." ]

[ "the retail electric price variance is primarily due to : 2022 a formula rate plan increase at entergy louisiana , effective january 2013 , which includes an increase relating to the waterford 3 steam generator replacement project , which was placed in service in december 2012 .", "the net income effect of the formula rate plan increase is limited to a portion representing an allowed return on equity with the remainder offset by costs included in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; 2022 the recovery of hinds plant costs through the power management rider at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of 2013 .", "the net income effect of the hinds plant cost recovery is limited to a portion representing an allowed return on equity on the net plant investment with the remainder offset by the hinds plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; 2022 an increase in the capacity acquisition rider at entergy arkansas , as approved by the apsc , effective with the first billing cycle of december 2012 , relating to the hot spring plant acquisition .", "the net income effect of the hot spring plant cost recovery is limited to a portion representing an allowed return on equity on the net plant investment with the remainder offset by the hot spring plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; 2022 increases in the energy efficiency rider , as approved by the apsc , effective july 2013 and july 2012 .", "energy efficiency revenues are offset by costs included in other operation and maintenance expenses and have no effect on net income ; 2022 an annual base rate increase at entergy texas , effective july 2012 , as a result of the puct 2019s order that was issued in september 2012 in the november 2011 rate case ; and 2022 a formula rate plan increase at entergy mississippi , effective september 2013 .", "see note 2 to the financial statements for a discussion of rate proceedings .", "the louisiana act 55 financing savings obligation variance results from a regulatory charge recorded in the second quarter 2012 because entergy gulf states louisiana and entergy louisiana agreed to share with customers the savings from an irs settlement related to the uncertain tax position regarding the hurricane katrina and hurricane rita louisiana act 55 financing .", "see note 3 to the financial statements for additional discussion of the tax settlement .", "entergy corporation and subsidiaries management's financial discussion and analysis ." ]

[ [ "", "Amount (In Millions)" ], [ "2012 net revenue", "$4,969" ], [ "Retail electric price", "236" ], [ "Louisiana Act 55 financing savings obligation", "165" ], [ "Grand Gulf recovery", "75" ], [ "Volume/weather", "40" ], [ "Fuel recovery", "35" ], [ "MISO deferral", "12" ], [ "Decommissioning trusts", "(23)" ], [ "Other", "15" ], [ "2013 net revenue", "$5,524" ] ]

[ [ "", "amount ( in millions )" ], [ "2012 net revenue", "$ 4969" ], [ "retail electric price", "236" ], [ "louisiana act 55 financing savings obligation", "165" ], [ "grand gulf recovery", "75" ], [ "volume/weather", "40" ], [ "fuel recovery", "35" ], [ "miso deferral", "12" ], [ "decommissioning trusts", "-23 ( 23 )" ], [ "other", "15" ], [ "2013 net revenue", "$ 5524" ] ]

[ { "arg1": "5524", "arg2": "4969", "op": "minus2-1", "res": "555" }, { "arg1": "40", "arg2": "#0", "op": "divide2-2", "res": "7%" } ]

[ "the company monitors the financial health and stability of its lenders under the revolving credit and long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .", "in july 2011 , in connection with the company 2019s acquisition of its corporate headquarters , the company assumed a $ 38.6 million nonrecourse loan secured by a mortgage on the acquired property .", "the acquisition of the company 2019s corporate headquarters was accounted for as a business combination , and the carrying value of the loan secured by the acquired property approximates fair value .", "the assumed loan had an original term of approximately ten years with a scheduled maturity date of march 1 , 2013 .", "the loan includes a balloon payment of $ 37.3 million due at maturity , and may not be prepaid .", "the assumed loan is nonrecourse with the lender 2019s remedies for non-performance limited to action against the acquired property and certain required reserves and a cash collateral account , except for nonrecourse carve outs related to fraud , breaches of certain representations , warranties or covenants , including those related to environmental matters , and other standard carve outs for a loan of this type .", "the loan requires certain minimum cash flows and financial results from the property , and if those requirements are not met , additional reserves may be required .", "the assumed loan requires prior approval of the lender for certain matters related to the property , including material leases , changes to property management , transfers of any part of the property and material alterations to the property .", "the loan has an interest rate of 6.73% ( 6.73 % ) .", "in connection with the assumed loan , the company incurred and capitalized $ 0.8 million in deferred financing costs .", "as of december 31 , 2011 , the outstanding balance on the loan was $ 38.2 million .", "in addition , in connection with the assumed loan for the acquisition of its corporate headquarters , the company was required to set aside amounts in reserve and cash collateral accounts .", "as of december 31 , 2011 , $ 2.0 million of restricted cash was included in prepaid expenses and other current assets , and the remaining $ 3.0 million of restricted cash was included in other long term assets .", "interest expense was $ 3.9 million , $ 2.3 million and $ 2.4 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively .", "interest expense includes the amortization of deferred financing costs and interest expense under the credit and long term debt facilities , as well as the assumed loan discussed above .", "8 .", "commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its retail stores and certain equipment under non-cancelable operating leases .", "the leases expire at various dates through 2023 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .", "the table below includes executed lease agreements for factory house stores that the company did not yet occupy as of december 31 , 2011 and does not include contingent rent the company may incur at its retail stores based on future sales above a specified limit .", "the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2011 : ( in thousands ) operating ." ]

[ "included in selling , general and administrative expense was rent expense of $ 26.7 million , $ 21.3 million and $ 14.1 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively , under non-cancelable ." ]

[ [ "<i>(In thousands)</i>", "Operating" ], [ "2012", "$22,926" ], [ "2013", "23,470" ], [ "2014", "26,041" ], [ "2015", "24,963" ], [ "2016", "18,734" ], [ "2017 and thereafter", "69,044" ], [ "Total future minimum lease payments", "$185,178" ] ]

[ [ "( in thousands )", "operating" ], [ "2012", "$ 22926" ], [ "2013", "23470" ], [ "2014", "26041" ], [ "2015", "24963" ], [ "2016", "18734" ], [ "2017 and thereafter", "69044" ], [ "total future minimum lease payments", "$ 185178" ] ]

[ { "arg1": "26.7", "arg2": "21.3", "op": "minus2-1", "res": "5.4" }, { "arg1": "#0", "arg2": "21.3", "op": "divide2-2", "res": "25.4%" } ]

[ "mission systems and training our mst business segment provides 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 ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies .", "mst 2019s major programs include aegis combat system ( aegis ) , littoral combat ship ( lcs ) , mh-60 , tpq-53 radar system and mk-41 vertical launching system .", "mst 2019s operating results included the following ( in millions ) : ." ]

[ "2014 compared to 2013 mst 2019s net sales for 2014 were comparable to 2013 .", "net sales decreased by approximately $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 .", "the decreases were offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .", "mst 2019s operating profit for 2014 decreased $ 62 million , or 7% ( 7 % ) , compared to 2013 .", "the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs .", "the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 50 million lower for 2014 compared to 2013 .", "2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 .", "the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume ( primarily ptds as final surveillance system deliveries occurred during the second quarter of 2012 ) ; about $ 195 million for various integrated warfare systems and sensors programs ( primarily naval systems ) due to lower volume ; approximately $ 65 million for various training and logistics programs due to lower volume ; and about $ 55 million for the aegis program due to lower volume .", "the decreases were partially offset by higher net sales of about $ 155 million for the lcs program due to increased volume .", "mst 2019s operating profit for 2013 increased $ 168 million , or 23% ( 23 % ) , compared to 2012 .", "the increase was primarily attributable to higher operating profit of approximately $ 120 million related to the settlement of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) ; about $ 55 million for integrated warfare systems and sensors programs ( primarily radar and halifax class modernization programs ) due to increased risk retirements ; and approximately $ 30 million for undersea systems programs due to increased risk retirements .", "the increases were partially offset by lower operating profit of about $ 55 million for training and logistics programs , primarily due to the recording of approximately $ 30 million of charges mostly related to lower-of-cost-or-market considerations ; and about $ 25 million for ship and aviation systems programs ( primarily ptds ) due to lower risk retirements and volume .", "operating profit related to the lcs program was comparable .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 170 million higher for 2013 compared to 2012 .", "backlog backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) .", "backlog increased slightly in 2013 compared to 2012 mainly due to higher orders and lower sales on integrated warfare system and sensors programs ( primarily aegis ) and lower sales on various service programs , partially offset by lower orders on ship and aviation systems ( primarily mh-60 ) . ." ]

[ [ "", "2014", "2013", "2012" ], [ "Net sales", "$7,147", "$7,153", "$7,579" ], [ "Operating profit", "843", "905", "737" ], [ "Operating margins", "11.8%", "12.7%", "9.7%" ], [ "Backlog at year-end", "$11,700", "$10,800", "$10,700" ] ]

[ [ "", "2014", "2013", "2012" ], [ "net sales", "$ 7147", "$ 7153", "$ 7579" ], [ "operating profit", "843", "905", "737" ], [ "operating margins", "11.8% ( 11.8 % )", "12.7% ( 12.7 % )", "9.7% ( 9.7 % )" ], [ "backlog at year-end", "$ 11700", "$ 10800", "$ 10700" ] ]

[ { "arg1": "11700", "arg2": "10800", "op": "minus2-1", "res": "900" }, { "arg1": "#0", "arg2": "10800", "op": "divide2-2", "res": "8.3%" } ]

[ "united kingdom .", "bermuda re 2019s uk branch conducts business in the uk and is subject to taxation in the uk .", "bermuda re believes that it has operated and will continue to operate its bermuda operation in a manner which will not cause them to be subject to uk taxation .", "if bermuda re 2019s bermuda operations were to become subject to uk income tax , there could be a material adverse impact on the company 2019s financial condition , results of operations and cash flow .", "ireland .", "holdings ireland and ireland re conduct business in ireland and are subject to taxation in ireland .", "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.everestre.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 public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio .", "for the year ended december 31 , 2008 , we incurred $ 695.8 million of realized investment gains and $ 310.4 million of unrealized investment losses .", "although financial markets significantly improved during 2009 and 2010 , they could deteriorate in the future and again result in substantial realized and unrealized losses , which 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: ." ]

[ "." ]

[ [ "Calendar year:", "Pre-tax catastrophe losses" ], [ "(Dollars in millions)", "" ], [ "2010", "$571.1" ], [ "2009", "67.4" ], [ "2008", "364.3" ], [ "2007", "160.0" ], [ "2006", "287.9" ] ]

[ [ "calendar year:", "pre-tax catastrophe losses" ], [ "( dollars in millions )", "" ], [ "2010", "$ 571.1" ], [ "2009", "67.4" ], [ "2008", "364.3" ], [ "2007", "160.0" ], [ "2006", "287.9" ] ]

[ { "arg1": "364.3", "arg2": "160.0", "op": "minus1-1", "res": "204.3" }, { "arg1": "#0", "arg2": "160.0", "op": "divide1-2", "res": "127%" } ]

[ "contractual obligations fis 2019 long-term contractual obligations generally include its long-term debt , interest on long-term debt , lease payments on certain of its property and equipment and payments for data processing and maintenance .", "for more descriptive information regarding the company's long-term debt , see note 13 in the notes to consolidated financial statements .", "the following table summarizes fis 2019 significant contractual obligations and commitments as of december 31 , 2012 ( in millions ) : less than 1-3 3-5 more than total 1 year years years 5 years ." ]

[ "( 1 ) these calculations assume that : ( a ) applicable margins remain constant ; ( b ) all variable rate debt is priced at the one-month libor rate in effect as of december 31 , 2012 ; ( c ) no new hedging transactions are effected ; ( d ) only mandatory debt repayments are made ; and ( e ) no refinancing occurs at debt maturity .", "( 2 ) amount includes the payment for labor claims related to fis' former item processing and remittance operations in brazil ( see note 3 to the consolidated financial statements ) and amounts due to the brazilian venture partner .", "fis believes that its existing cash balances , cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet fis 2019 expected short-term liquidity needs and its long-term needs for the operations of its business , expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments .", "off-balance sheet arrangements fis does not have any off-balance sheet arrangements .", "item 7a .", "quantitative and qualitative disclosure about market risks market risk we are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates .", "we use certain derivative financial instruments , including interest rate swaps and foreign currency forward exchange contracts , to manage interest rate and foreign currency risk .", "we do not use derivatives for trading purposes , to generate income or to engage in speculative activity .", "interest rate risk in addition to existing cash balances and cash provided by operating activities , we use fixed rate and variable rate debt to finance our operations .", "we are exposed to interest rate risk on these debt obligations and related interest rate swaps .", "the notes ( as defined in note 13 to the consolidated financial statements ) represent substantially all of our fixed-rate long-term debt obligations .", "the carrying value of the notes was $ 1950.0 million as of december 31 , 2012 .", "the fair value of the notes was approximately $ 2138.2 million as of december 31 , 2012 .", "the potential reduction in fair value of the notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt .", "our floating rate long-term debt obligations principally relate to borrowings under the fis credit agreement ( as also defined in note 13 to the consolidated financial statements ) .", "an increase of 100 basis points in the libor rate would increase our annual debt service under the fis credit agreement , after we include the impact of our interest rate swaps , by $ 9.3 million ( based on principal amounts outstanding as of december 31 , 2012 ) .", "we performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of december 31 , 2012 , less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt .", "this sensitivity analysis is based solely on ." ]

[ [ "", "Total", "Less than 1 Year", "1-3 Years", "3-5 Years", "More than 5 Years" ], [ "Long-term debt", "$4,385.5", "$153.9", "$757.1", "$2,274.5", "$1,200.0" ], [ "Interest(1)", "1,137.6", "200.4", "372.9", "288.8", "275.5" ], [ "Operating leases", "226.6", "55.0", "96.2", "46.4", "29.0" ], [ "Data processing and maintenance", "246.7", "131.7", "78.9", "28.4", "7.7" ], [ "Other contractual obligations (2)", "100.7", "18.8", "52.0", "10.6", "19.3" ], [ "Total", "$6,097.1", "$559.8", "$1,357.1", "$2,648.7", "$1,531.5" ] ]

[ [ "", "total", "less than 1 year", "1-3 years", "3-5 years", "more than 5 years" ], [ "long-term debt", "$ 4385.5", "$ 153.9", "$ 757.1", "$ 2274.5", "$ 1200.0" ], [ "interest ( 1 )", "1137.6", "200.4", "372.9", "288.8", "275.5" ], [ "operating leases", "226.6", "55.0", "96.2", "46.4", "29.0" ], [ "data processing and maintenance", "246.7", "131.7", "78.9", "28.4", "7.7" ], [ "other contractual obligations ( 2 )", "100.7", "18.8", "52.0", "10.6", "19.3" ], [ "total", "$ 6097.1", "$ 559.8", "$ 1357.1", "$ 2648.7", "$ 1531.5" ] ]

[]

[ "the company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 .", "at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: ." ]

[ "savings plans .", "cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s .", "employees are participants and have the option to contribute to this plan .", "cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary .", "in addition , certain cme london-based employees are eligible to participate in a defined contribution plan .", "for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements .", "salary and cash bonuses paid are included in the definition of earnings .", "aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively .", "cme non-qualified plans .", "cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf .", "although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices .", "the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively .", "although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability .", "the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense .", "supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan .", "all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits .", "all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans .", "total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively .", "deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution .", "nymexmembers 2019 retirement plan and benefits .", "nymex maintained a retirement and benefit plan under the commodities exchange , inc .", "( comex ) members 2019 recognition and retention plan ( mrrp ) .", "this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 .", "no new participants were permitted into the plan after the date of this acquisition .", "under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded .", "all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits .", "total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 .", "at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million ." ]

[ [ "(in millions)", "Year" ], [ "2011", "$7.2" ], [ "2012", "8.2" ], [ "2013", "8.6" ], [ "2014", "9.5" ], [ "2015", "10.0" ], [ "2016-2020", "62.8" ] ]

[ [ "( in millions )", "year" ], [ "2011", "$ 7.2" ], [ "2012", "8.2" ], [ "2013", "8.6" ], [ "2014", "9.5" ], [ "2015", "10.0" ], [ "2016-2020", "62.8" ] ]

[ { "arg1": "20.5", "arg2": "20.7", "op": "add2-1", "res": "41.2" }, { "arg1": "#0", "arg2": "const_2", "op": "divide0-0", "res": "20.6" } ]

[ "notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .", "1 .", "nature of operations operations and segmentation 2013 we are a class i railroad that operates in the united states .", "we have 32094 route miles , linking pacific coast and gulf coast ports with the midwest and eastern united states gateways and providing several corridors to key mexican gateways .", "we serve the western two- thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .", "export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .", "the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .", "although revenues are analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network .", "the following table provides revenue by commodity group : millions of dollars 2009 2008 2007 ." ]

[ "although our revenues are principally derived from customers domiciled in the united states , the ultimate points of origination or destination for some products transported are outside the united states .", "basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the united states of america ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .", "subsequent events evaluation 2013 we evaluated the effects of all subsequent events through february 5 , 2010 , the date of this report , which is concurrent with the date we file this report with the u.s .", "securities and exchange commission ( sec ) .", "2 .", "significant accounting policies change in accounting principle 2013 we have historically accounted for rail grinding costs as a capital asset .", "beginning in the first quarter of 2010 , we will change our accounting policy for rail grinding costs ." ]

[ [ "<i>Millions of Dollars</i>", "<i>2009</i>", "<i>2008</i>", "<i>2007</i>" ], [ "Agricultural", "$2,666", "$3,174", "$2,605" ], [ "Automotive", "854", "1,344", "1,458" ], [ "Chemicals", "2,102", "2,494", "2,287" ], [ "Energy", "3,118", "3,810", "3,134" ], [ "Industrial Products", "2,147", "3,273", "3,077" ], [ "Intermodal", "2,486", "3,023", "2,925" ], [ "Total freight revenues", "$13,373", "$17,118", "$15,486" ], [ "Other revenues", "770", "852", "797" ], [ "Total operating revenues", "$14,143", "$17,970", "$16,283" ] ]

[ [ "millions of dollars", "2009", "2008", "2007" ], [ "agricultural", "$ 2666", "$ 3174", "$ 2605" ], [ "automotive", "854", "1344", "1458" ], [ "chemicals", "2102", "2494", "2287" ], [ "energy", "3118", "3810", "3134" ], [ "industrial products", "2147", "3273", "3077" ], [ "intermodal", "2486", "3023", "2925" ], [ "total freight revenues", "$ 13373", "$ 17118", "$ 15486" ], [ "other revenues", "770", "852", "797" ], [ "total operating revenues", "$ 14143", "$ 17970", "$ 16283" ] ]

[ { "arg1": "13373", "arg2": "const_1000000", "op": "multiply2-1", "res": "13373000000" }, { "arg1": "#0", "arg2": "32094", "op": "divide2-2", "res": "416682" } ]

[ "transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .", "repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2014 to december 31 , 2014 .", "total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 ." ]

[ "1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .", "we repurchased 5413 withheld shares in october 2014 , 4266 withheld shares in november 2014 and 105 withheld shares in december 2014 .", "2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .", "3 in february 2014 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2014 share repurchase program 201d ) .", "on february 13 , 2015 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .", "the new authorization is in addition to any amounts remaining available for repurchase under the 2014 share repurchase program .", "there is no expiration date associated with the share repurchase programs. ." ]

[ [ "", "Total Number ofShares (or Units)Purchased¹", "Average Price Paidper Share (or Unit)²", "Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs³", "Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs³" ], [ "October 1 - 31", "5,854,930", "$18.93", "5,849,517", "$159,819,370" ], [ "November 1 - 30", "4,266", "$20.29", "—", "$159,819,370" ], [ "December 1 - 31", "826,744", "$19.67", "826,639", "$143,559,758" ], [ "Total", "6,685,940", "$19.02", "6,676,156", "" ] ]

[ [ "", "total number ofshares ( or units ) purchased1", "average price paidper share ( or unit ) 2", "total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3", "maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3" ], [ "october 1 - 31", "5854930", "$ 18.93", "5849517", "$ 159819370" ], [ "november 1 - 30", "4266", "$ 20.29", "2014", "$ 159819370" ], [ "december 1 - 31", "826744", "$ 19.67", "826639", "$ 143559758" ], [ "total", "6685940", "$ 19.02", "6676156", "" ] ]

[]

[ "." ]

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

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

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

[ { "arg1": "4.5", "arg2": "2.4", "op": "add2-1", "res": "6.9" }, { "arg1": "8.0", "arg2": "#0", "op": "add2-2", "res": "14.9" } ]

[ "in 2017 , the company granted 440076 shares of restricted class a common stock and 7568 shares of restricted stock units .", "restricted common stock and restricted stock units generally have a vesting period of two to four years .", "the fair value related to these grants was $ 58.7 million , which is recognized as compensation expense on an accelerated basis over the vesting period .", "dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .", "in 2017 , the company also granted 203298 performance shares .", "the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .", "the vesting of these shares is contingent on meeting stated performance or market conditions .", "the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2017 : number of shares weighted average grant date fair value ." ]

[ "the total fair value of restricted stock , restricted stock units , and performance shares that vested during 2017 , 2016 and 2015 was $ 66.0 million , $ 59.8 million and $ 43.3 million , respectively .", "under the espp , eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .", "shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market .", "compensation expense is recognized on the dates of purchase for the discount from the closing price .", "in 2017 , 2016 and 2015 , a total of 19936 , 19858 and 19756 shares , respectively , of class a common stock were issued to participating employees .", "these shares are subject to a six-month holding period .", "annual expense of $ 0.3 million for the purchase discount was recognized in 2017 , and $ 0.2 million was recognized in both 2016 and 2015 .", "non-executive directors receive an annual award of class a common stock with a value equal to $ 100000 .", "non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 60000 , in shares of stock based on the closing price at the date of distribution .", "as a result , 19736 shares , 26439 shares and 25853 shares of class a common stock were issued to non-executive directors during 2017 , 2016 and 2015 , respectively .", "these shares are not subject to any vesting restrictions .", "expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. ." ]

[ [ "", "Number of Shares", "WeightedAverageGrant DateFair Value" ], [ "Outstanding at December 31, 2016", "1,820,578", "$98" ], [ "Granted", "650,942", "129" ], [ "Vested", "(510,590)", "87" ], [ "Cancelled", "(401,699)", "95" ], [ "Outstanding at December 31, 2017", "1,559,231", "116" ] ]

[ [ "", "number of shares", "weightedaveragegrant datefair value" ], [ "outstanding at december 31 2016", "1820578", "$ 98" ], [ "granted", "650942", "129" ], [ "vested", "-510590 ( 510590 )", "87" ], [ "cancelled", "-401699 ( 401699 )", "95" ], [ "outstanding at december 31 2017", "1559231", "116" ] ]

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[ "impairment of long-lived assets based on the projection of undiscounted cash flows whenever events or changes in circumstances indicate that the carrying amounts of such assets may not be recoverable .", "in the event such cash flows are not expected to be sufficient to recover the recorded value of the assets , the assets are written down to their estimated fair values ( see note 5 ) .", "asset retirement obligations 2014effective january 1 , 2003 , the company adopted statement of financial accounting standards ( 2018 2018sfas 2019 2019 ) no .", "143 , 2018 2018accounting for asset retirement obligations . 2019 2019 sfas no .", "143 requires the company to record the fair value of a legal liability for an asset retirement obligation in the period in which it is incurred .", "when a new liability is recorded the company will capitalize the costs of the liability by increasing the carrying amount of the related long-lived asset .", "the liability is accreted to its present value each period and the capitalized cost is depreciated over the useful life of the related asset .", "upon settlement of the liability , the company settles the obligation for its recorded amount or incurs a gain or loss upon settlement .", "the company 2019s retirement obligations covered by sfas no .", "143 include primarily active ash landfills , water treatment basins and the removal or dismantlement of certain plant and equipment .", "as of december 31 , 2003 and 2002 , the company had recorded liabilities of approximately $ 29 million and $ 15 million , respectively , related to asset retirement obligations .", "there are no assets that are legally restricted for purposes of settling asset retirement obligations .", "upon adoption of sfas no .", "143 , the company recorded an additional liability of approximately $ 13 million , a net asset of approximately $ 9 million , and a cumulative effect of a change in accounting principle of approximately $ 2 million , after income taxes .", "amounts recorded related to asset retirement obligations during the years ended december 31 , 2003 were as follows ( in millions ) : ." ]

[ "proforma net ( loss ) income and ( loss ) earnings per share have not been presented for the years ended december 31 , 2002 and 2001 because the proforma application of sfas no .", "143 to prior periods would result in proforma net ( loss ) income and ( loss ) earnings per share not materially different from the actual amounts reported for those periods in the accompanying consolidated statements of operations .", "had sfas 143 been applied during all periods presented the asset retirement obligation at january 1 , 2001 , december 31 , 2001 and december 31 , 2002 would have been approximately $ 21 million , $ 23 million and $ 28 million , respectively .", "included in other long-term liabilities is the accrual for the non-legal obligations for removal of assets in service at ipalco amounting to $ 361 million and $ 339 million at december 31 , 2003 and 2002 , respectively .", "deferred financing costs 2014financing costs are deferred and amortized over the related financing period using the effective interest method or the straight-line method when it does not differ materially from the effective interest method .", "deferred financing costs are shown net of accumulated amortization of $ 202 million and $ 173 million as of december 31 , 2003 and 2002 , respectively .", "project development costs 2014the company capitalizes the costs of developing new construction projects after achieving certain project-related milestones that indicate the project 2019s completion is probable .", "these costs represent amounts incurred for professional services , permits , options , capitalized interest , and other costs directly related to construction .", "these costs are transferred to construction in progress when significant construction activity commences , or expensed at the time the company determines that development of a particular project is no longer probable ( see note 5 ) . ." ]

[ [ "Balance at December 31, 2002", "$15" ], [ "Additional liability recorded from cumulative effect of accounting change", "13" ], [ "Accretion expense", "2" ], [ "Change in the timing of estimated cash flows", "(1)" ], [ "Balance at December 31, 2003", "$29" ] ]

[ [ "balance at december 31 2002", "$ 15" ], [ "additional liability recorded from cumulative effect of accounting change", "13" ], [ "accretion expense", "2" ], [ "change in the timing of estimated cash flows", "-1 ( 1 )" ], [ "balance at december 31 2003", "$ 29" ] ]

[ { "arg1": "29", "arg2": "15", "op": "minus1-1", "res": "14" }, { "arg1": "#0", "arg2": "const_1000000", "op": "multiply1-2", "res": "14000000" } ]

[ "page 26 of 100 our calculation of adjusted net earnings is summarized below: ." ]

[ "debt facilities and refinancing interest-bearing debt at december 31 , 2010 , increased $ 216.1 million to $ 2.8 billion from $ 2.6 billion at december 31 , 2009 .", "in december 2010 , ball replaced its senior credit facilities due october 2011 with new senior credit facilities due december 2015 .", "the senior credit facilities bear interest at variable rates and include a $ 200 million term a loan denominated in u.s .", "dollars , a a351 million term b loan denominated in british sterling and a 20ac100 million term c loan denominated in euros .", "the facilities also include ( 1 ) a multi-currency , long-term revolving credit facility that provides the company with up to approximately $ 850 million and ( 2 ) a french multi-currency revolving facility that provides the company with up to $ 150 million .", "the revolving credit facilities expire in december 2015 .", "in november 2010 , ball issued $ 500 million of new 5.75 percent senior notes due in may 2021 .", "the net proceeds from this offering were used to repay the borrowings under our term d loan facility and for general corporate purposes .", "in march 2010 , ball issued $ 500 million of new 6.75 percent senior notes due in september 2020 .", "on that same date , the company issued a notice of redemption to call $ 509 million in 6.875 percent senior notes due december 2012 at a redemption price of 101.146 percent of the outstanding principal amount plus accrued interest .", "the redemption of the bonds occurred on april 21 , 2010 , and resulted in a charge of $ 8.1 million for the call premium and the write off of unamortized financing costs and unamortized premiums .", "the charge is included in the 2010 statement of earnings as a component of interest expense .", "at december 31 , 2010 , approximately $ 976 million was available under the company 2019s committed multi-currency revolving credit facilities .", "the company 2019s prc operations also had approximately $ 20 million available under a committed credit facility of approximately $ 52 million .", "in addition to the long-term committed credit facilities , the company had $ 372 million of short-term uncommitted credit facilities available at the end of 2010 , of which $ 76.2 million was outstanding and due on demand , as well as approximately $ 175 million of available borrowings under its accounts receivable securitization program .", "in october 2010 , the company renewed its receivables sales agreement for a period of one year .", "the size of the new program will vary between a maximum of $ 125 million for settlement dates in january through april and a maximum of $ 175 million for settlement dates in the remaining months .", "given our free cash flow projections and unused credit facilities that are available until december 2015 , our liquidity is strong and is expected to meet our ongoing operating cash flow and debt service requirements .", "while the recent financial and economic conditions have raised concerns about credit risk with counterparties to derivative transactions , the company mitigates its exposure by spreading the risk among various counterparties and limiting exposure to any one party .", "we also monitor the credit ratings of our suppliers , customers , lenders and counterparties on a regular basis .", "we were in compliance with all loan agreements at december 31 , 2010 , and all prior years presented , and have met all debt payment obligations .", "the u.s .", "note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness .", "additional details about our debt and receivables sales agreements are available in notes 12 and 6 , respectively , accompanying the consolidated financial statements within item 8 of this report. ." ]

[ [ "($ in millions, except per share amounts)", "2010", "2009", "2008" ], [ "Net earnings attributable to Ball Corporation, as reported", "$468.0", "$387.9", "$319.5" ], [ "Discontinued operations, net of tax", "74.9", "2.2", "(4.6)" ], [ "Business consolidation activities, net of tax", "(9.3)", "13.0", "27.1" ], [ "Gains and equity earnings related to acquisitions, net of tax", "(105.9)", "−", "−" ], [ "Gain on dispositions, net of tax", "−", "(30.7)", "(4.4)" ], [ "Debt refinancing costs, net of tax", "5.3", "−", "−" ], [ "Adjusted net earnings", "$433.0", "$372.4", "$337.6" ], [ "Per diluted share from continuing operations, as reported", "$2.96", "$2.05", "$1.62" ], [ "Per diluted share, as adjusted", "2.36", "1.96", "1.74" ] ]

[ [ "( $ in millions except per share amounts )", "2010", "2009", "2008" ], [ "net earnings attributable to ball corporation as reported", "$ 468.0", "$ 387.9", "$ 319.5" ], [ "discontinued operations net of tax", "74.9", "2.2", "-4.6 ( 4.6 )" ], [ "business consolidation activities net of tax", "-9.3 ( 9.3 )", "13.0", "27.1" ], [ "gains and equity earnings related to acquisitions net of tax", "-105.9 ( 105.9 )", "2212", "2212" ], [ "gain on dispositions net of tax", "2212", "-30.7 ( 30.7 )", "-4.4 ( 4.4 )" ], [ "debt refinancing costs net of tax", "5.3", "2212", "2212" ], [ "adjusted net earnings", "$ 433.0", "$ 372.4", "$ 337.6" ], [ "per diluted share from continuing operations as reported", "$ 2.96", "$ 2.05", "$ 1.62" ], [ "per diluted share as adjusted", "2.36", "1.96", "1.74" ] ]

[]

[ "page 30 of 94 are included in capital spending amounts .", "another example is the company 2019s decision in 2007 to contribute an additional $ 44.5 million ( $ 27.3 million ) to its pension plans as part of its overall debt reduction plan .", "based on this , our consolidated free cash flow is summarized as follows: ." ]

[ "based on information currently available , we estimate cash flows from operating activities for 2008 to be approximately $ 650 million , capital spending to be approximately $ 350 million and free cash flow to be in the $ 300 million range .", "capital spending of $ 259.9 million ( net of $ 48.6 million in insurance recoveries ) in 2007 was below depreciation and amortization expense of $ 281 million .", "we continue to invest capital in our best performing operations , including projects to increase custom can capabilities , improve beverage can and end making productivity and add more beverage can capacity in europe , as well as expenditures in the aerospace and technologies segment .", "of the $ 350 million of planned capital spending for 2008 , approximately $ 180 million will be spent on top-line sales growth projects .", "debt facilities and refinancing interest-bearing debt at december 31 , 2007 , decreased $ 93.1 million to $ 2358.6 million from $ 2451.7 million at december 31 , 2006 .", "the 2007 debt decrease from 2006 was primarily attributed to debt payments offset by higher foreign exchange rates .", "at december 31 , 2007 , $ 705 million was available under the company 2019s multi-currency revolving credit facilities .", "the company also had $ 345 million of short-term uncommitted credit facilities available at the end of the year , of which $ 49.7 million was outstanding .", "on october 13 , 2005 , ball refinanced its senior secured credit facilities and during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due august 2006 primarily through the drawdown of funds under the new credit facilities .", "the refinancing and redemption resulted in a pretax debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) to reflect the call premium associated with the senior notes and the write off of unamortized debt issuance costs .", "the company has a receivables sales agreement that provides for the ongoing , revolving sale of a designated pool of trade accounts receivable of ball 2019s north american packaging operations , up to $ 250 million .", "the agreement qualifies as off-balance sheet financing under the provisions of statement of financial accounting standards ( sfas ) no .", "140 , as amended by sfas no .", "156 .", "net funds received from the sale of the accounts receivable totaled $ 170 million and $ 201.3 million at december 31 , 2007 and 2006 , respectively , and are reflected as a reduction of accounts receivable in the consolidated balance sheets .", "the company was not in default of any loan agreement at december 31 , 2007 , and has met all payment obligations .", "the u.s .", "note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness .", "additional details about the company 2019s receivables sales agreement and debt are available in notes 7 and 13 , respectively , accompanying the consolidated financial statements within item 8 of this report. ." ]

[ [ "($ in millions)", "2007", "2006", "2005" ], [ "Cash flows from operating activities", "$673.0", "$401.4", "$558.8" ], [ "Incremental pension funding, net of tax", "27.3", "–", "–" ], [ "Capital spending", "(308.5)", "(279.6)", "(291.7)" ], [ "Proceeds for replacement of fire-damaged assets", "48.6", "61.3", "–" ], [ "Free cash flow", "$440.4", "$183.1", "$267.1" ] ]

[ [ "( $ in millions )", "2007", "2006", "2005" ], [ "cash flows from operating activities", "$ 673.0", "$ 401.4", "$ 558.8" ], [ "incremental pension funding net of tax", "27.3", "2013", "2013" ], [ "capital spending", "-308.5 ( 308.5 )", "-279.6 ( 279.6 )", "-291.7 ( 291.7 )" ], [ "proceeds for replacement of fire-damaged assets", "48.6", "61.3", "2013" ], [ "free cash flow", "$ 440.4", "$ 183.1", "$ 267.1" ] ]

[ { "arg1": "673.0", "arg2": "401.4", "op": "minus1-1", "res": "271.6" }, { "arg1": "#0", "arg2": "401.4", "op": "divide1-2", "res": "67.7%" } ]

[ "business-related metrics as of or for the year ended december 31 ." ]

[ "crb is the no .", "1 bank in the new york tri-state area and a top five bank in texas ( both ranked by retail deposits ) , providing payment , liquidity , investment , insurance and credit products and services to three primary customer segments : small busi- ness , affluent and retail .", "within these segments , crb serves 326000 small businesses , 433000 affluent consumers and 2.6 million mass-market consumers .", "crb 2019s continued focus on expanding customer relationships resulted in a 14% ( 14 % ) increase in core deposits ( for this purpose , core deposits are total deposits less time deposits ) from december 31 , 2002 , and a 77% ( 77 % ) increase in the cross-sell of chase credit products over 2002 .", "in 2003 , mortgage and home equity originations through crb 2019s distribution channels were $ 3.4 billion and $ 4.7 billion , respectively .", "branch-originated credit cards totaled 77000 , contributing to 23% ( 23 % ) of crb customers holding chase credit cards .", "crb is compensated by cfs 2019s credit businesses for the home finance and credit card loans it origi- nates and does not retain these balances .", "chase regional banking while crb continues to position itself for growth , decreased deposit spreads related to the low-rate environment and increased credit costs resulted in an 80% ( 80 % ) decline in crb operating earnings from 2002 .", "this decrease was partly offset by an 8% ( 8 % ) increase in total average deposits .", "operating revenue of $ 2.6 billion decreased by 9% ( 9 % ) compared with 2002 .", "net interest income declined by 11% ( 11 % ) to $ 1.7 billion , primarily attributable to the lower interest rate environment .", "noninterest revenue decreased 6% ( 6 % ) to $ 927 million due to lower deposit service fees , decreased debit card fees and one-time gains in 2002 .", "crb 2019s revenue does not include funding profits earned on its deposit base ; these amounts are included in the results of global treasury .", "operating expense of $ 2.4 billion increased by 7% ( 7 % ) from 2002 .", "the increase was primarily due to investments in technology within the branch network ; also contributing were higher compensation expenses related to increased staff levels and higher severance costs as a result of continued restructuring .", "this increase in operating caf is the largest u.s .", "bank originator of automobile loans and leases , with more than 2.9 million accounts .", "in 2003 , caf had a record number of automobile loan and lease originations , growing by 10% ( 10 % ) over 2002 to $ 27.8 billion .", "loan and lease receivables of $ 43.2 billion at december 31 , 2003 , were 16% ( 16 % ) higher than at the prior year-end .", "despite a challenging operating environment reflecting slightly declining new car sales in 2003 and increased competition , caf 2019s market share among automobile finance companies improved to 6.1% ( 6.1 % ) in 2003 from 5.7% ( 5.7 % ) in 2002 .", "the increase in market share was the result of strong organic growth and an origination strategy that allies the business with manufac- turers and dealers .", "caf 2019s relationships with several major car manufacturers contributed to 2003 growth , as did caf 2019s dealer relationships , which increased from approximately 12700 dealers in 2002 to approximately 13700 dealers in 2003 .", "in 2003 , operating earnings were $ 205 million , 23% ( 23 % ) higher compared with 2002 .", "the increase in earnings was driven by continued revenue growth and improved operating efficiency .", "in 2003 , caf 2019s operating revenue grew by 23% ( 23 % ) to $ 842 million .", "net interest income grew by 33% ( 33 % ) compared with 2002 .", "the increase was driven by strong operating performance due to higher average loans and leases outstanding , reflecting continued strong origination volume and lower funding costs .", "operating expense of $ 292 million increased by 18% ( 18 % ) compared with 2002 .", "the increase in expenses was driven by higher average chase auto finance loans outstanding , higher origination volume and higher perform- ance-based incentives .", "caf 2019s overhead ratio improved from 36% ( 36 % ) in 2002 to 35% ( 35 % ) in 2003 , as a result of strong revenue growth , con- tinued productivity gains and disciplined expense management .", "credit costs increased 18% ( 18 % ) to $ 205 million , primarily reflecting a 32% ( 32 % ) increase in average loan and lease receivables .", "credit quality continued to be strong relative to 2002 , as evidenced by a lower net charge-off ratio and 30+ day delinquency rate .", "caf also comprises chase education finance , a top provider of government-guaranteed and private loans for higher education .", "loans are provided through a joint venture with sallie mae , a government-sponsored enterprise and the leader in funding and servicing education loans .", "chase education finance 2019s origination volume totaled $ 2.7 billion , an increase of 4% ( 4 % ) from last year .", "management 2019s discussion and analysis j.p .", "morgan chase & co .", "42 j.p .", "morgan chase & co .", "/ 2003 annual report ." ]

[ [ "(in billions, except ratios)", "2003", "2002", "Change" ], [ "Loan and lease receivables", "$43.2", "$37.4", "16%" ], [ "Average loan and lease receivables", "41.7", "31.7", "32" ], [ "Automobile origination volume", "27.8", "25.3", "10" ], [ "Automobile market share", "6.1%", "5.7%", "40bp" ], [ "30+ day delinquency rate", "1.46", "1.54", "(8)" ], [ "Net charge-off ratio", "0.41", "0.51", "(10)" ], [ "Overhead ratio", "35", "36", "(100)" ] ]

[ [ "( in billions except ratios )", "2003", "2002", "change" ], [ "loan and lease receivables", "$ 43.2", "$ 37.4", "16% ( 16 % )" ], [ "average loan and lease receivables", "41.7", "31.7", "32" ], [ "automobile origination volume", "27.8", "25.3", "10" ], [ "automobile market share", "6.1% ( 6.1 % )", "5.7% ( 5.7 % )", "40bp" ], [ "30+ day delinquency rate", "1.46", "1.54", "-8 ( 8 )" ], [ "net charge-off ratio", "0.41", "0.51", "-10 ( 10 )" ], [ "overhead ratio", "35", "36", "-100 ( 100 )" ] ]

[ { "arg1": "const_100", "arg2": "23%", "op": "minus1-1", "res": "77%" }, { "arg1": "205", "arg2": "#0", "op": "multiply1-2", "res": "157.85" } ]

[ "r&d expense increased 36% ( 36 % ) during 2011 compared to 2010 , it declined slightly as a percentage of net sales , due to the 66% ( 66 % ) year-over-year growth in the company 2019s net sales during 2011 .", "r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 .", "this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities .", "also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard .", "although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy .", "as such , the company expects to make further investments in r&d to remain competitive .", "selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 2.1 billion or 38% ( 38 % ) to $ 7.6 billion during 2011 compared to 2010 .", "this increase was due primarily to the company 2019s continued expansion of its retail segment , increased headcount and related costs , higher spending on professional services and marketing and advertising programs , and increased variable costs associated with the overall growth of the company 2019s net sales .", "sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 .", "this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased share-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales .", "other income and expense other income and expense for the three years ended september 24 , 2011 , are as follows ( in millions ) : ." ]

[ "total other income and expense increased $ 260 million or 168% ( 168 % ) to $ 415 million during 2011 compared to $ 155 million and $ 326 million in 2010 and 2009 , respectively .", "the year-over-year increase in other income and expense during 2011 was due primarily to higher interest income and net realized gains on sales of marketable securities .", "the overall decrease in other income and expense in 2010 compared to 2009 was attributable to the significant declines in interest rates on a year-over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances .", "additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense .", "the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.77% ( 0.77 % ) , 0.75% ( 0.75 % ) and 1.43% ( 1.43 % ) during 2011 , 2010 and 2009 , respectively .", "during 2011 , 2010 and 2009 , the company had no debt outstanding and accordingly did not incur any related interest expense .", "provision for income taxes the company 2019s effective tax rates were approximately 24.2% ( 24.2 % ) , 24.4% ( 24.4 % ) and 31.8% ( 31.8 % ) for 2011 , 2010 and 2009 , respectively .", "the company 2019s effective rates for these periods differ from the statutory federal income tax rate of ." ]

[ [ "", "2011", "2010", "2009" ], [ "Interest and dividend income", "$519", "$311", "$407" ], [ "Other expense, net", "(104)", "(156)", "(81)" ], [ "Total other income and expense", "$415", "$155", "$326" ] ]

[ [ "", "2011", "2010", "2009" ], [ "interest and dividend income", "$ 519", "$ 311", "$ 407" ], [ "other expense net", "-104 ( 104 )", "-156 ( 156 )", "-81 ( 81 )" ], [ "total other income and expense", "$ 415", "$ 155", "$ 326" ] ]

[]

[ "during 2009 , the company extended the contractual life of 4 million fully vested share options held by 6 employees .", "as a result of that modification , the company recognized additional compensation expense of $ 1 million for the year ended december 31 , 2009 .", "restricted stock units ( 201crsus 201d ) performance-based rsus .", "the company grants performance-based rsus to the company 2019s executive officers and certain employees once per year .", "the company may also grant performance-based rsus to certain new employees or to employees who assume positions of increasing responsibility at the time those events occur .", "the number of performance-based rsus that ultimately vest is dependent on one or both of the following as per the terms of the specific award agreement : the achievement of 1 ) internal profitability targets ( performance condition ) and 2 ) market performance targets measured by the comparison of the company 2019s stock performance versus a defined peer group ( market condition ) .", "the performance-based rsus generally cliff-vest during the company 2019s quarter-end september 30 black-out period three years from the date of grant .", "the ultimate number of shares of the company 2019s series a common stock issued will range from zero to stretch , with stretch defined individually under each award , net of personal income taxes withheld .", "the market condition is factored into the estimated fair value per unit and compensation expense for each award will be based on the probability of achieving internal profitability targets , as applicable , and recognized on a straight-line basis over the term of the respective grant , less estimated forfeitures .", "for performance-based rsus granted without a performance condition , compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .", "in april 2007 , the company granted performance-based rsus to certain employees that vest annually in equal tranches beginning october 1 , 2008 through october 1 , 2011 and include a market condition .", "the performance- based rsus awarded include a catch-up provision that provides for an additional year of vesting of previously unvested amounts , subject to certain maximums .", "compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .", "a summary of changes in performance-based rsus outstanding is as follows : number of weighted average fair value ( in thousands ) ( in $ ) ." ]

[ "the fair value of shares vested for performance-based rsus during the years ended december 31 , 2009 and 2008 was $ 2 million and $ 3 million , respectively .", "there were no vestings that occurred during the year ended december 31 , 2007 .", "fair value for the company 2019s performance-based rsus was estimated at the grant date using a monte carlo simulation approach .", "monte carlo simulation was utilized to randomly generate future stock returns for the company and each company in the defined peer group for each grant based on company-specific dividend yields , volatilities and stock return correlations .", "these returns were used to calculate future performance-based rsu vesting percentages and the simulated values of the vested performance-based rsus were then discounted to present value using a risk-free rate , yielding the expected value of these performance-based rsus .", "%%transmsg*** transmitting job : d70731 pcn : 119000000 ***%%pcmsg|119 |00016|yes|no|02/10/2010 16:17|0|0|page is valid , no graphics -- color : n| ." ]

[ [ "", "Number of Units (In thousands)", "Weighted Average Fair Value (In $)" ], [ "Nonvested at December 31, 2008", "1,188", "19.65" ], [ "Granted", "420", "38.16" ], [ "Vested", "(79)", "21.30" ], [ "Forfeited", "(114)", "17.28" ], [ "Nonvested at December 31, 2009", "1,415", "25.24" ] ]

[ [ "", "number of units ( in thousands )", "weighted average fair value ( in $ )" ], [ "nonvested at december 31 2008", "1188", "19.65" ], [ "granted", "420", "38.16" ], [ "vested", "-79 ( 79 )", "21.30" ], [ "forfeited", "-114 ( 114 )", "17.28" ], [ "nonvested at december 31 2009", "1415", "25.24" ] ]

[]

[ "there were no options granted in excess of market value in 2011 , 2010 or 2009 .", "shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 33775543 at december 31 , 2011 .", "total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 35304422 shares at december 31 , 2011 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .", "during 2011 , we issued 731336 shares from treasury stock in connection with stock option exercise activity .", "as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .", "awards granted to non-employee directors in 2011 , 2010 and 2009 include 27090 , 29040 , and 39552 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .", "a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash .", "as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant .", "incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant .", "the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period .", "the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards .", "restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months .", "beginning in 2011 , we incorporated two changes to certain awards under our existing long-term incentive compensation programs .", "first , for certain grants of incentive performance units , the future payout amount will be subject to a negative annual adjustment if pnc fails to meet certain risk-related performance metrics .", "this adjustment is in addition to the existing financial performance metrics relative to our peers .", "these grants have a three-year performance period and are payable in either stock or a combination of stock and cash .", "second , performance-based restricted share units ( performance rsus ) were granted in 2011 to certain of our executives in lieu of stock options .", "these performance rsus ( which are payable solely in stock ) have a service condition , an internal risk-related performance condition , and an external market condition .", "satisfaction of the performance condition is based on four independent one-year performance periods .", "the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2011 , 2010 and 2009 was $ 63.25 , $ 54.59 and $ 41.16 per share , respectively .", "we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .", "nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair ." ]

[ "in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash .", "at december 31 , 2011 , there was $ 61 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans .", "this cost is expected to be recognized as expense over a period of no longer than five years .", "the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2011 , 2010 and 2009 was approximately $ 52 million , $ 39 million and $ 47 million , respectively .", "liability awards we grant annually cash-payable restricted share units to certain executives .", "the grants were made primarily as part of an annual bonus incentive deferral plan .", "while there are time- based and service-related vesting criteria , there are no market or performance criteria associated with these awards .", "compensation expense recognized related to these awards was recorded in prior periods as part of annual cash bonus criteria .", "as of december 31 , 2011 , there were 753203 of these cash- payable restricted share units outstanding .", "174 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ [ "Shares in thousands", "Nonvested Incentive/ Performance Unit Shares", "Weighted- Average Grant Date Fair Value", "Nonvested Restricted Stock/ Unit Shares", "Weighted- Average Grant Date Fair Value" ], [ "December 31, 2010", "363", "$56.40", "2,250", "$49.95" ], [ "Granted", "623", "64.21", "1,059", "62.68" ], [ "Vested", "(156)", "59.54", "(706)", "51.27" ], [ "Forfeited", "", "", "(91)", "52.24" ], [ "December 31, 2011", "830", "$61.68", "2,512", "$54.87" ] ]

[ [ "shares in thousands december 31 2010", "nonvested incentive/ performance unit shares 363", "weighted- average grant date fair value $ 56.40", "nonvested restricted stock/ unit shares 2250", "weighted- average grant date fair value $ 49.95" ], [ "granted", "623", "64.21", "1059", "62.68" ], [ "vested", "-156 ( 156 )", "59.54", "-706 ( 706 )", "51.27" ], [ "forfeited", "", "", "-91 ( 91 )", "52.24" ], [ "december 31 2011", "830", "$ 61.68", "2512", "$ 54.87" ] ]

[ { "arg1": "52", "arg2": "39", "op": "add1-1", "res": "13" }, { "arg1": "#0", "arg2": "39", "op": "divide1-2", "res": "33.3%" } ]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market price of and dividends on the registrant 2019s common equity and related stockholder matters market information .", "our class a common stock is quoted on the nasdaq global select market under the symbol 201cdish . 201d the high and low closing sale prices of our class a common stock during 2014 and 2013 on the nasdaq global select market ( as reported by nasdaq ) are set forth below. ." ]

[ "as of february 13 , 2015 , there were approximately 8208 holders of record of our class a common stock , not including stockholders who beneficially own class a common stock held in nominee or street name .", "as of february 10 , 2015 , 213247004 of the 238435208 outstanding shares of our class b common stock were beneficially held by charles w .", "ergen , our chairman , and the remaining 25188204 were held in trusts established by mr .", "ergen for the benefit of his family .", "there is currently no trading market for our class b common stock .", "dividends .", "on december 28 , 2012 , we paid a cash dividend of $ 1.00 per share , or approximately $ 453 million , on our outstanding class a and class b common stock to stockholders of record at the close of business on december 14 , 2012 .", "while we currently do not intend to declare additional dividends on our common stock , we may elect to do so from time to time .", "payment of any future dividends will depend upon our earnings and capital requirements , restrictions in our debt facilities , and other factors the board of directors considers appropriate .", "we currently intend to retain our earnings , if any , to support future growth and expansion , although we may repurchase shares of our common stock from time to time .", "see further discussion under 201citem 7 .", "management 2019s discussion and analysis of financial condition and results of operations 2013 liquidity and capital resources 201d in this annual report on form 10-k .", "securities authorized for issuance under equity compensation plans .", "see 201citem 12 .", "security ownership of certain beneficial owners and management and related stockholder matters 201d in this annual report on form 10-k. ." ]

[ [ "2014", "High", "Low" ], [ "First Quarter", "$62.42", "$54.10" ], [ "Second Quarter", "65.64", "56.23" ], [ "Third Quarter", "66.71", "61.87" ], [ "Fourth Quarter", "79.41", "57.96" ], [ "2013", "High", "Low" ], [ "First Quarter", "$38.02", "$34.19" ], [ "Second Quarter", "42.52", "36.24" ], [ "Third Quarter", "48.09", "41.66" ], [ "Fourth Quarter", "57.92", "45.68" ] ]

[ [ "2014", "high", "low" ], [ "first quarter", "$ 62.42", "$ 54.10" ], [ "second quarter", "65.64", "56.23" ], [ "third quarter", "66.71", "61.87" ], [ "fourth quarter", "79.41", "57.96" ], [ "2013", "high", "low" ], [ "first quarter", "$ 38.02", "$ 34.19" ], [ "second quarter", "42.52", "36.24" ], [ "third quarter", "48.09", "41.66" ], [ "fourth quarter", "57.92", "45.68" ] ]

[ { "arg1": "79.41", "arg2": "57.92", "op": "minus2-1", "res": "21.49" }, { "arg1": "#0", "arg2": "57.92", "op": "divide2-2", "res": "37.1%" } ]

[ "26 | 2009 annual report in fiscal 2008 , revenues in the credit union systems and services business segment increased 14% ( 14 % ) from fiscal 2007 .", "all revenue components within the segment experienced growth during fiscal 2008 .", "license revenue generated the largest dollar growth in revenue as episys ae , our flagship core processing system aimed at larger credit unions , experienced strong sales throughout the year .", "support and service revenue , which is the largest component of total revenues for the credit union segment , experienced 34 percent growth in eft support and 10 percent growth in in-house support .", "gross profit in this business segment increased $ 9344 in fiscal 2008 compared to fiscal 2007 , due primarily to the increase in license revenue , which carries the highest margins .", "liquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements .", "we expect this trend to continue in the future .", "the company 2019s cash and cash equivalents increased to $ 118251 at june 30 , 2009 from $ 65565 at june 30 , 2008 .", "the following table summarizes net cash from operating activities in the statement of cash flows : 2009 2008 2007 ." ]

[ "year ended june 30 , cash provided by operations increased $ 25587 to $ 206588 for the fiscal year ended june 30 , 2009 as compared to $ 181001 for the fiscal year ended june 30 , 2008 .", "this increase is primarily attributable to a decrease in receivables compared to the same period a year ago of $ 21214 .", "this decrease is largely the result of fiscal 2010 annual software maintenance billings being provided to customers earlier than in the prior year , which allowed more cash to be collected before the end of the fiscal year than in previous years .", "further , we collected more cash overall related to revenues that will be recognized in subsequent periods in the current year than in fiscal 2008 .", "cash used in investing activities for the fiscal year ended june 2009 was $ 59227 and includes $ 3027 in contingent consideration paid on prior years 2019 acquisitions .", "cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions .", "capital expenditures for fiscal 2009 were $ 31562 compared to $ 31105 for fiscal 2008 .", "cash used for software development in fiscal 2009 was $ 24684 compared to $ 23736 during the prior year .", "net cash used in financing activities for the current fiscal year was $ 94675 and includes the repurchase of 3106 shares of our common stock for $ 58405 , the payment of dividends of $ 26903 and $ 13489 net repayment on our revolving credit facilities .", "cash used in financing activities was partially offset by proceeds of $ 3773 from the exercise of stock options and the sale of common stock ( through the employee stock purchase plan ) and $ 348 excess tax benefits from stock option exercises .", "during fiscal 2008 , net cash used in financing activities for the fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities .", "cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises .", "beginning during fiscal 2008 , us financial markets and many of the largest us financial institutions have been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities .", "since that time , these and other such developments have resulted in a broad , global economic downturn .", "while we , as is the case with most companies , have experienced the effects of this downturn , we have not experienced any significant issues with our current collection efforts , and we believe that any future impact to our liquidity will be minimized by cash generated by recurring sources of revenue and due to our access to available lines of credit. ." ]

[ [ "", "Year ended June 30, 2009" ], [ "2008", "2007" ], [ "Net income", "$103,102", "$104,222", "$104,681" ], [ "Non-cash expenses", "74,397", "70,420", "56,348" ], [ "Change in receivables", "21,214", "(2,913)", "(28,853)" ], [ "Change in deferred revenue", "21,943", "5,100", "24,576" ], [ "Change in other assets and liabilities", "(14,068)", "4,172", "17,495" ], [ "Net cash from operating activities", "$206,588", "$181,001", "$174,247" ] ]

[ [ "2008", "year ended june 30 2009 2008", "year ended june 30 2009 2008", "year ended june 30 2009" ], [ "net income", "$ 103102", "$ 104222", "$ 104681" ], [ "non-cash expenses", "74397", "70420", "56348" ], [ "change in receivables", "21214", "-2913 ( 2913 )", "-28853 ( 28853 )" ], [ "change in deferred revenue", "21943", "5100", "24576" ], [ "change in other assets and liabilities", "-14068 ( 14068 )", "4172", "17495" ], [ "net cash from operating activities", "$ 206588", "$ 181001", "$ 174247" ] ]

[ { "arg1": "118251", "arg2": "65565", "op": "minus1-1", "res": "52686" }, { "arg1": "#0", "arg2": "65565", "op": "divide1-2", "res": "80.4%" } ]

[ "in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 30 , dec 31 , dec 26 ." ]

[ "operating activities cash provided by operating activities is net income adjusted for certain non-cash items and changes in assets and liabilities .", "for 2017 compared to 2016 , the $ 302 million increase in cash provided by operating activities was due to changes to working capital partially offset by adjustments for non-cash items and lower net income .", "tax reform did not have an impact on our 2017 cash provided by operating activities .", "the increase in cash provided by operating activities was driven by increased income before taxes and $ 1.0 billion receipts of customer deposits .", "these increases were partially offset by increased inventory and accounts receivable .", "income taxes paid , net of refunds , in 2017 compared to 2016 were $ 2.9 billion higher due to higher income before taxes , taxable gains on sales of asml , and taxes on the isecg divestiture .", "we expect approximately $ 2.0 billion of additional customer deposits in 2018 .", "for 2016 compared to 2015 , the $ 2.8 billion increase in cash provided by operating activities was due to adjustments for non-cash items and changes in working capital , partially offset by lower net income .", "the adjustments for non-cash items were higher in 2016 primarily due to restructuring and other charges and the change in deferred taxes , partially offset by lower depreciation .", "investing activities investing cash flows consist primarily of capital expenditures ; investment purchases , sales , maturities , and disposals ; and proceeds from divestitures and cash used for acquisitions .", "our capital expenditures were $ 11.8 billion in 2017 ( $ 9.6 billion in 2016 and $ 7.3 billion in 2015 ) .", "the decrease in cash used for investing activities in 2017 compared to 2016 was primarily due to higher net activity of available-for sale-investments in 2017 , proceeds from our divestiture of isecg in 2017 , and higher maturities and sales of trading assets in 2017 .", "this activity was partially offset by higher capital expenditures in 2017 .", "the increase in cash used for investing activities in 2016 compared to 2015 was primarily due to our completed acquisition of altera , net purchases of trading assets in 2016 compared to net sales of trading assets in 2015 , and higher capital expenditures in 2016 .", "this increase was partially offset by lower investments in non-marketable equity investments .", "financing activities financing cash flows consist primarily of repurchases of common stock , payment of dividends to stockholders , issuance and repayment of short-term and long-term debt , and proceeds from the sale of shares of common stock through employee equity incentive plans .", "the increase in cash used for financing activities in 2017 compared to 2016 was primarily due to net long-term debt activity , which was a use of cash in 2017 compared to a source of cash in 2016 .", "during 2017 , we repurchased $ 3.6 billion of common stock under our authorized common stock repurchase program , compared to $ 2.6 billion in 2016 .", "as of december 30 , 2017 , $ 13.2 billion remained available for repurchasing common stock under the existing repurchase authorization limit .", "we base our level of common stock repurchases on internal cash management decisions , and this level may fluctuate .", "proceeds from the sale of common stock through employee equity incentive plans totaled $ 770 million in 2017 compared to $ 1.1 billion in 2016 .", "our total dividend payments were $ 5.1 billion in 2017 compared to $ 4.9 billion in 2016 .", "we have paid a cash dividend in each of the past 101 quarters .", "in january 2018 , our board of directors approved an increase to our cash dividend to $ 1.20 per share on an annual basis .", "the board has declared a quarterly cash dividend of $ 0.30 per share of common stock for q1 2018 .", "the dividend is payable on march 1 , 2018 to stockholders of record on february 7 , 2018 .", "cash was used for financing activities in 2016 compared to cash provided by financing activities in 2015 , primarily due to fewer debt issuances and the repayment of debt in 2016 .", "this activity was partially offset by repayment of commercial paper in 2015 and fewer common stock repurchases in 2016 .", "md&a - results of operations consolidated results and analysis 37 ." ]

[ [ "Years Ended(In Millions)", "Dec 30,2017", "Dec 31,2016", "Dec 26,2015" ], [ "Net cash provided by operating activities", "$22,110", "$21,808", "$19,018" ], [ "Net cash used for investing activities", "(15,762)", "(25,817)", "(8,183)" ], [ "Net cash provided by (used for) financing activities", "(8,475)", "(5,739)", "1,912" ], [ "Net increase (decrease) in cash and cash equivalents", "$(2,127)", "$(9,748)", "$12,747" ] ]

[ [ "years ended ( in millions )", "dec 302017", "dec 312016", "dec 262015" ], [ "net cash provided by operating activities", "$ 22110", "$ 21808", "$ 19018" ], [ "net cash used for investing activities", "-15762 ( 15762 )", "-25817 ( 25817 )", "-8183 ( 8183 )" ], [ "net cash provided by ( used for ) financing activities", "-8475 ( 8475 )", "-5739 ( 5739 )", "1912" ], [ "net increase ( decrease ) in cash and cash equivalents", "$ -2127 ( 2127 )", "$ -9748 ( 9748 )", "$ 12747" ] ]

[ { "arg1": "21808", "arg2": "19018", "op": "minus1-1", "res": "2790" }, { "arg1": "#0", "arg2": "19018", "op": "divide1-2", "res": "15%" } ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) company is currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions .", "a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2007 is as follows ( in thousands ) : ." ]

[ "during the year ended december 31 , 2007 , the company recorded penalties and tax-related interest income of $ 2.5 million and interest income from tax refunds of $ 1.5 million for the year ended december 31 , 2007 .", "as of december 31 , 2007 and january 1 , 2007 , the total unrecognized tax benefits included in other long-term liabilities in the consolidated balance sheets was $ 29.6 million and $ 34.3 million , respectively .", "as of december 31 , 2007 and january 1 , 2007 , the total amount of accrued income tax-related interest and penalties included in other long-term liabilities in the consolidated balance sheets was $ 30.7 million and $ 33.2 million , respectively .", "in the fourth quarter of 2007 , the company entered into a tax amnesty program with the mexican tax authority .", "as of december 31 , 2007 , the company had met all of the administrative requirements of the program , which enabled the company to recognize certain tax benefits .", "this was confirmed by the mexican tax authority on february 5 , 2008 .", "these benefits include a reduction of uncertain tax benefits of $ 5.4 million along with penalties and interest of $ 12.5 million related to 2002 , all of which reduced income tax expense .", "in connection with the above program , the company paid $ 6.7 million to the mexican tax authority as a settlement offer for other uncertain tax positions related to 2003 and 2004 .", "this offer is currently under review by the mexican tax authority ; the company cannot yet determine the specific timing or the amount of any potential settlement .", "during 2007 , the statute of limitations on certain unrecognized tax benefits lapsed , which resulted in a $ 0.7 million decrease in the liability for uncertain tax benefits , all of which reduced the income tax provision .", "the company files numerous consolidated and separate income tax returns , including u.s .", "federal and state tax returns and foreign tax returns in mexico and brazil .", "as a result of the company 2019s ability to carry forward federal and state net operating losses , the applicable tax years remain open to examination until three years after the applicable loss carryforwards have been used or expired .", "however , the company has completed u.s .", "federal income tax examinations for tax years up to and including 2002 .", "the company is currently undergoing u.s .", "federal income tax examinations for tax years 2004 and 2005 .", "additionally , it is subject to examinations in various u.s .", "state jurisdictions for certain tax years , and is under examination in brazil for the 2001 through 2006 tax years and mexico for the 2002 tax year .", "sfas no .", "109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2007 , the company has provided a valuation allowance of approximately $ 88.2 million , including approximately ." ]

[ [ "Balance at January 1, 2007", "$183,953" ], [ "Additions based on tax positions related to the current year", "2,598" ], [ "Additions for tax positions of prior years", "5,412" ], [ "Reductions for tax positions of prior years", "(120,016)" ], [ "Cash advance in connection with proposed settlement", "(6,682)" ], [ "Settlements with taxing authorities", "(5,372)" ], [ "Reductions as a result of the lapse of statute of limitations", "(669)" ], [ "Balance as of December 31, 2007", "$59,224" ] ]

[ [ "balance at january 1 2007", "$ 183953" ], [ "additions based on tax positions related to the current year", "2598" ], [ "additions for tax positions of prior years", "5412" ], [ "reductions for tax positions of prior years", "-120016 ( 120016 )" ], [ "cash advance in connection with proposed settlement", "-6682 ( 6682 )" ], [ "settlements with taxing authorities", "-5372 ( 5372 )" ], [ "reductions as a result of the lapse of statute of limitations", "-669 ( 669 )" ], [ "balance as of december 31 2007", "$ 59224" ] ]

[ { "arg1": "30.7", "arg2": "33.2", "op": "minus2-1", "res": "-2.5" }, { "arg1": "#0", "arg2": "33.2", "op": "divide2-2", "res": "-7.5%" } ]

[ "we prepare estimates of research and development costs for projects in clinical development , which include direct costs and allocations of certain costs such as indirect labor , non-cash compensation expense , and manufacturing and other costs related to activities that benefit multiple projects , and , under our collaboration with bayer healthcare , the portion of bayer healthcare 2019s vegf trap-eye development expenses that we are obligated to reimburse .", "our estimates of research and development costs for clinical development programs are shown below : project costs year ended december 31 , increase ( decrease ) ( in millions ) 2009 2008 ." ]

[ "for the reasons described above in results of operations for the years ended december 31 , 2010 and 2009 , under the caption 201cresearch and development expenses 201d , and due to the variability in the costs necessary to develop a pharmaceutical product and the uncertainties related to future indications to be studied , the estimated cost and scope of the projects , and our ultimate ability to obtain governmental approval for commercialization , accurate and meaningful estimates of the total cost to bring our product candidates to market are not available .", "similarly , we are currently unable to reasonably estimate if our product candidates will generate material product revenues and net cash inflows .", "in 2008 , we received fda approval for arcalyst ae for the treatment of caps , a group of rare , inherited auto-inflammatory diseases that affect a very small group of people .", "we currently do not expect to generate material product revenues and net cash inflows from the sale of arcalyst ae for the treatment of caps .", "selling , general , and administrative expenses selling , general , and administrative expenses increased to $ 52.9 million in 2009 from $ 48.9 million in 2008 .", "in 2009 , we incurred ( i ) higher compensation expense , ( ii ) higher patent-related costs , ( iii ) higher facility-related costs due primarily to increases in administrative headcount , and ( iv ) higher patient assistance costs related to arcalyst ae .", "these increases were partly offset by ( i ) lower marketing costs related to arcalyst ae , ( ii ) a decrease in administrative recruitment costs , and ( iii ) lower professional fees related to various corporate matters .", "cost of goods sold during 2008 , we began recognizing revenue and cost of goods sold from net product sales of arcalyst ae .", "cost of goods sold in 2009 and 2008 was $ 1.7 million and $ 0.9 million , respectively , and consisted primarily of royalties and other period costs related to arcalyst ae commercial supplies .", "in 2009 and 2008 , arcalyst ae shipments to our customers consisted of supplies of inventory manufactured and expensed as research and development costs prior to fda approval in 2008 ; therefore , the costs of these supplies were not included in costs of goods sold .", "other income and expense investment income decreased to $ 4.5 million in 2009 from $ 18.2 million in 2008 , due primarily to lower yields on , and lower balances of , cash and marketable securities .", "in addition , in 2009 and 2008 , deterioration in the credit quality of specific marketable securities in our investment portfolio subjected us to the risk of not being able to recover these securities 2019 carrying values .", "as a result , in 2009 and 2008 , we recognized charges of $ 0.1 million and $ 2.5 million , respectively , related to these securities , which we considered to be other than temporarily impaired .", "in 2009 and 2008 , these charges were either wholly or partly offset by realized gains of $ 0.2 million and $ 1.2 million , respectively , on sales of marketable securities during the year. ." ]

[ [ "Project Costs", "Year ended December 31,", "Increase" ], [ "(In millions)", "2009", "2008", "(Decrease)" ], [ "ARCALYST®", "$67.7", "$39.2", "$28.5" ], [ "VEGF Trap-Eye", "109.8", "82.7", "27.1" ], [ "Aflibercept", "23.3", "32.1", "(8.8)" ], [ "REGN88", "36.9", "21.4", "15.5" ], [ "Other antibody candidates in clinical development", "74.4", "27.4", "47.0" ], [ "Other research programs & unallocated costs", "86.7", "72.1", "14.6" ], [ "Total research and development expenses", "$398.8", "$274.9", "$123.9" ] ]

[ [ "project costs ( in millions )", "project costs 2009", "2008", "( decrease )" ], [ "arcalyst ae", "$ 67.7", "$ 39.2", "$ 28.5" ], [ "vegf trap-eye", "109.8", "82.7", "27.1" ], [ "aflibercept", "23.3", "32.1", "-8.8 ( 8.8 )" ], [ "regn88", "36.9", "21.4", "15.5" ], [ "other antibody candidates in clinical development", "74.4", "27.4", "47.0" ], [ "other research programs & unallocated costs", "86.7", "72.1", "14.6" ], [ "total research and development expenses", "$ 398.8", "$ 274.9", "$ 123.9" ] ]

[]

[ "security ownership of 5% ( 5 % ) holders , directors , nominees and executive officers shares of common stock percent of common stock name of beneficial owner beneficially owned ( 1 ) outstanding ." ]

[ "all current executive officers and directors as a group ( 14 persons ) 8352396 ( 13 ) 1.00% ( 1.00 % ) ( 1 ) represents shares of the company 2019s common stock held and options held by such individuals that were exercisable at the table date or within 60 days thereafter .", "this does not include options or restricted stock units that vest more than 60 days after the table date .", "( 2 ) based on a form 13g/a filed february 14 , 2007 by fmr corp .", "fmr corp .", "lists its address as 82 devonshire street , boston , ma 02109 , in such filing .", "( 3 ) includes 110000 shares of the company 2019s common stock that mr .", "campbell has the right to acquire by exercise of stock options .", "( 4 ) excludes 600000 unvested restricted stock units .", "( 5 ) includes 40000 shares of the company 2019s common stock that mr .", "drexler holds indirectly and 190000 shares of the company 2019s common stock that mr .", "drexler has the right to acquire by exercise of stock options .", "( 6 ) includes 275 shares of the company 2019s common stock that mr .", "fadell holds indirectly , 165875 shares of the company 2019s common stock that mr .", "fadell has the right to acquire by exercise of stock options within 60 days after the table date , 1157 shares of the company 2019s common stock held by mr .", "fadell 2019s spouse , and 117375 shares of the company 2019s common stock that mr .", "fadell 2019s spouse has the right to acquire by exercise of stock options within 60 days after the table date .", "excludes 210000 unvested restricted stock units held by mr .", "fadell and 40000 unvested restricted stock units held by mr .", "fadell 2019s spouse .", "( 7 ) consists of 70000 shares of the company 2019s common stock that mr .", "gore has the right to acquire by exercise of stock options .", "( 8 ) includes 1300000 shares of the company 2019s common stock that mr .", "johnson has the right to acquire by exercise of stock options and excludes 450000 unvested restricted stock units .", "( 9 ) includes 2000 shares of the company 2019s common stock held by dr .", "levinson 2019s spouse and 110000 shares of the company 2019s common stock that dr .", "levinson has the right to acquire by exercise of stock options .", "( 10 ) excludes 450000 unvested restricted stock units. ." ]

[ [ "Name of Beneficial Owner", "Shares of Common Stock Beneficially Owned(1)", "", "Percent of Common Stock Outstanding" ], [ "Fidelity Investments", "56,583,870", "(2)", "6.49%" ], [ "Steven P. Jobs", "5,546,451", "", "*" ], [ "William V. Campbell", "112,900", "(3)", "*" ], [ "Timothy D. Cook", "13,327", "(4)", "*" ], [ "Millard S. Drexler", "230,000", "(5)", "*" ], [ "Tony Fadell", "288,702", "(6)", "*" ], [ "Albert A. Gore, Jr.", "70,000", "(7)", "*" ], [ "Ronald B. Johnson", "1,450,620", "(8)", "*" ], [ "Arthur D. Levinson", "365,015", "(9)", "*" ], [ "Peter Oppenheimer", "14,873", "(10)", "*" ], [ "Eric E. Schmidt", "12,284", "(11)", "*" ], [ "Jerome B. York", "90,000", "(12)", "*" ], [ "All current executive officers and directors as a group (14 persons)", "8,352,396", "(13)", "1.00%" ] ]

[ [ "name of beneficial owner", "shares of common stock beneficially owned ( 1 )", "", "percent of common stock outstanding" ], [ "fidelity investments", "56583870", "-2 ( 2 )", "6.49% ( 6.49 % )" ], [ "steven p . jobs", "5546451", "", "*" ], [ "william v . campbell", "112900", "-3 ( 3 )", "*" ], [ "timothy d . cook", "13327", "-4 ( 4 )", "*" ], [ "millard s . drexler", "230000", "-5 ( 5 )", "*" ], [ "tony fadell", "288702", "-6 ( 6 )", "*" ], [ "albert a . gore jr .", "70000", "-7 ( 7 )", "*" ], [ "ronald b . johnson", "1450620", "-8 ( 8 )", "*" ], [ "arthur d . levinson", "365015", "-9 ( 9 )", "*" ], [ "peter oppenheimer", "14873", "-10 ( 10 )", "*" ], [ "eric e . schmidt", "12284", "-11 ( 11 )", "*" ], [ "jerome b . york", "90000", "-12 ( 12 )", "*" ], [ "all current executive officers and directors as a group ( 14 persons )", "8352396", "-13 ( 13 )", "1.00% ( 1.00 % )" ] ]

[ { "arg1": "8352396", "arg2": "450000", "op": "add1-1", "res": "8802396" }, { "arg1": "#0", "arg2": "450000", "op": "add1-2", "res": "9252396" }, { "arg1": "#1", "arg2": "210000", "op": "add1-3", "res": "9462396" } ]

[ "10-k altria ar release tuesday , february 27 , 2018 10:00pm andra design llc verdicts have been appealed , there remains a risk that such relief may not be obtainable in all cases .", "this risk has been substantially reduced given that 47 states and puerto rico limit the dollar amount of bonds or require no bond at all .", "as discussed below , however , tobacco litigation plaintiffs have challenged the constitutionality of florida 2019s bond cap statute in several cases and plaintiffs may challenge state bond cap statutes in other jurisdictions as well .", "such challenges may include the applicability of state bond caps in federal court .", "states , including florida , may also seek to repeal or alter bond cap statutes through legislation .", "although altria group , inc .", "cannot predict the outcome of such challenges , it is possible that the consolidated results of operations , cash flows or financial position of altria group , inc. , or one or more of its subsidiaries , could be materially affected in a particular fiscal quarter or fiscal year by an unfavorable outcome of one or more such challenges .", "altria group , inc .", "and its subsidiaries record provisions in the consolidated financial statements for pending litigation when they determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated .", "at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , except to the extent discussed elsewhere in this note 18 .", "contingencies : ( i ) management has concluded that it is not probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss that could result from an unfavorable outcome in any of the pending tobacco-related cases ; and ( iii ) accordingly , management has not provided any amounts in the consolidated financial statements for unfavorable outcomes , if any .", "litigation defense costs are expensed as incurred .", "altria group , inc .", "and its subsidiaries have achieved substantial success in managing litigation .", "nevertheless , litigation is subject to uncertainty and significant challenges remain .", "it is possible that the consolidated results of operations , cash flows or financial position of altria group , inc. , or one or more of its subsidiaries , could be materially affected in a particular fiscal quarter or fiscal year by an unfavorable outcome or settlement of certain pending litigation .", "altria group , inc .", "and each of its subsidiaries named as a defendant believe , and each has been so advised by counsel handling the respective cases , that it has valid defenses to the litigation pending against it , as well as valid bases for appeal of adverse verdicts .", "each of the companies has defended , and will continue to defend , vigorously against litigation challenges .", "however , altria group , inc .", "and its subsidiaries may enter into settlement discussions in particular cases if they believe it is in the best interests of altria group , inc .", "to do so .", "overview of altria group , inc .", "and/or pm usa tobacco- related litigation types and number of cases : claims related to tobacco products generally fall within the following categories : ( i ) smoking and health cases alleging personal injury brought on behalf of individual plaintiffs ; ( ii ) smoking and health cases primarily alleging personal injury or seeking court-supervised programs for ongoing medical monitoring and purporting to be brought on behalf of a class of individual plaintiffs , including cases in which the aggregated claims of a number of individual plaintiffs are to be tried in a single proceeding ; ( iii ) health care cost recovery cases brought by governmental ( both domestic and foreign ) plaintiffs seeking reimbursement for health care expenditures allegedly caused by cigarette smoking and/or disgorgement of profits ; ( iv ) class action suits alleging that the uses of the terms 201clights 201d and 201cultra lights 201d constitute deceptive and unfair trade practices , common law or statutory fraud , unjust enrichment , breach of warranty or violations of the racketeer influenced and corrupt organizations act ( 201crico 201d ) ; and ( v ) other tobacco-related litigation described below .", "plaintiffs 2019 theories of recovery and the defenses raised in pending smoking and health , health care cost recovery and 201clights/ultra lights 201d cases are discussed below .", "the table below lists the number of certain tobacco-related cases pending in the united states against pm usa and , in some instances , altria group , inc .", "as of december 31 , 2017 , 2016 and ." ]

[ "( 1 ) does not include 2414 cases brought by flight attendants seeking compensatory damages for personal injuries allegedly caused by exposure to environmental tobacco smoke ( 201cets 201d ) .", "the flight attendants allege that they are members of an ets smoking and health class action in florida , which was settled in 1997 ( broin ) .", "the terms of the court-approved settlement in that case allowed class members to file individual lawsuits seeking compensatory damages , but prohibited them from seeking punitive damages .", "also , does not include individual smoking and health cases brought by or on behalf of plaintiffs in florida state and federal courts following the decertification of the engle case ( discussed below in smoking and health litigation - engle class action ) .", "( 2 ) includes as one case the 30 civil actions that were to be tried in six consolidated trials in west virginia ( in re : tobacco litigation ) .", "pm usa is a defendant in nine of the 30 cases .", "the parties have agreed to resolve the cases for an immaterial amount and have so notified the court .", "( 3 ) see health care cost recovery litigation - federal government 2019s lawsuit below .", "international tobacco-related cases : as of january 29 , 2018 , pm usa is a named defendant in 10 health care cost recovery actions in canada , eight of which also name altria group , inc .", "as a defendant .", "pm usa and altria group , inc .", "are also named defendants in seven smoking and health class actions filed in various canadian provinces .", "see guarantees and other similar matters below for a discussion of the distribution agreement between altria group , inc .", "and pmi that provides for indemnities for certain liabilities concerning tobacco products. ." ]

[ [ "", "2017", "2016", "2015" ], [ "Individual Smoking and Health Cases⁽¹⁾", "92", "70", "65" ], [ "Smoking and Health Class Actions and Aggregated Claims Litigation⁽²⁾", "4", "5", "5" ], [ "Health Care Cost Recovery Actions⁽³⁾", "1", "1", "1" ], [ "“Lights/Ultra Lights” Class Actions", "3", "8", "11" ] ]

[ [ "", "2017", "2016", "2015" ], [ "individual smoking and health cases ( 1 )", "92", "70", "65" ], [ "smoking and health class actions and aggregated claims litigation ( 2 )", "4", "5", "5" ], [ "health care cost recovery actions ( 3 )", "1", "1", "1" ], [ "201clights/ultra lights 201d class actions", "3", "8", "11" ] ]

[ { "arg1": "70", "arg2": "5", "op": "add2-1", "res": "75" }, { "arg1": "#0", "arg2": "1", "op": "add2-2", "res": "76" }, { "arg1": "#1", "arg2": "8", "op": "add2-3", "res": "84" } ]

[ "shareholder return performance the line graph below compares the annual percentage change in ball corporation fffds cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2011 .", "it assumes $ 100 was invested on december 31 , 2006 , and that all dividends were reinvested .", "the dow jones containers & packaging index total return has been weighted by market capitalization .", "total return to stockholders ( assumes $ 100 investment on 12/31/06 ) total return analysis ." ]

[ "copyright a9 2012 standard & poor fffds , a division of the mcgraw-hill companies inc .", "all rights reserved .", "( www.researchdatagroup.com/s&p.htm ) copyright a9 2012 dow jones & company .", "all rights reserved. ." ]

[ [ "", "12/31/2006", "12/31/2007", "12/31/2008", "12/31/2009", "12/31/2010", "12/31/2011" ], [ "Ball Corporation", "$100.00", "$104.05", "$97.04", "$121.73", "$161.39", "$170.70" ], [ "DJ US Containers & Packaging", "$100.00", "$106.73", "$66.91", "$93.98", "$110.23", "$110.39" ], [ "S&P 500", "$100.00", "$105.49", "$66.46", "$84.05", "$96.71", "$98.75" ] ]

[ [ "", "12/31/2006", "12/31/2007", "12/31/2008", "12/31/2009", "12/31/2010", "12/31/2011" ], [ "ball corporation", "$ 100.00", "$ 104.05", "$ 97.04", "$ 121.73", "$ 161.39", "$ 170.70" ], [ "dj us containers & packaging", "$ 100.00", "$ 106.73", "$ 66.91", "$ 93.98", "$ 110.23", "$ 110.39" ], [ "s&p 500", "$ 100.00", "$ 105.49", "$ 66.46", "$ 84.05", "$ 96.71", "$ 98.75" ] ]

[ { "arg1": "66.91", "arg2": "const_100", "op": "minus2-1", "res": "-33.09" }, { "arg1": "#0", "arg2": "const_100", "op": "divide2-2", "res": "-33.1%" } ]

[ "ventas , inc .", "notes to consolidated financial statements 2014 ( continued ) applicable indenture .", "the issuers may also redeem the 2015 senior notes , in whole at any time or in part from time to time , on or after june 1 , 2010 at varying redemption prices set forth in the applicable indenture , plus accrued and unpaid interest thereon to the redemption date .", "in addition , at any time prior to june 1 , 2008 , the issuers may redeem up to 35% ( 35 % ) of the aggregate principal amount of either or both of the 2010 senior notes and 2015 senior notes with the net cash proceeds from certain equity offerings at redemption prices equal to 106.750% ( 106.750 % ) and 107.125% ( 107.125 % ) , respectively , of the principal amount thereof , plus , in each case , accrued and unpaid interest thereon to the redemption date .", "the issuers may redeem the 2014 senior notes , in whole at any time or in part from time to time , ( i ) prior to october 15 , 2009 at a redemption price equal to 100% ( 100 % ) of the principal amount thereof , plus a make-whole premium as described in the applicable indenture and ( ii ) on or after october 15 , 2009 at varying redemption prices set forth in the applicable indenture , plus , in each case , accrued and unpaid interest thereon to the redemption date .", "the issuers may redeem the 2009 senior notes and the 2012 senior notes , in whole at any time or in part from time to time , at a redemption price equal to 100% ( 100 % ) of the principal amount thereof , plus accrued and unpaid interest thereon to the redemption date and a make-whole premium as described in the applicable indenture .", "if we experience certain kinds of changes of control , the issuers must make an offer to repurchase the senior notes , in whole or in part , at a purchase price in cash equal to 101% ( 101 % ) of the principal amount of the senior notes , plus any accrued and unpaid interest to the date of purchase ; provided , however , that in the event moody 2019s and s&p have confirmed their ratings at ba3 or higher and bb- or higher on the senior notes and certain other conditions are met , this repurchase obligation will not apply .", "mortgages at december 31 , 2007 , we had outstanding 121 mortgage loans totaling $ 1.57 billion that are collateralized by the underlying assets of the properties .", "outstanding principal balances on these loans ranged from $ 0.4 million to $ 59.4 million as of december 31 , 2007 .", "the loans generally bear interest at fixed rates ranging from 5.4% ( 5.4 % ) to 8.5% ( 8.5 % ) per annum , except for 15 loans with outstanding principal balances ranging from $ 0.4 million to $ 32.0 million , which bear interest at the lender 2019s variable rates ranging from 3.4% ( 3.4 % ) to 7.3% ( 7.3 % ) per annum as of december 31 , 2007 .", "at december 31 , 2007 , the weighted average annual rate on fixed rate debt was 6.5% ( 6.5 % ) and the weighted average annual rate on the variable rate debt was 6.1% ( 6.1 % ) .", "the loans had a weighted average maturity of 7.0 years as of december 31 , 2007 .", "sunrise 2019s portion of total debt was $ 157.1 million as of december 31 , scheduled maturities of borrowing arrangements and other provisions as of december 31 , 2007 , our indebtedness had the following maturities ( in thousands ) : ." ]

[ "." ]

[ [ "2008", "$193,101" ], [ "2009", "605,762" ], [ "2010", "282,138" ], [ "2011", "303,191" ], [ "2012", "527,221" ], [ "Thereafter", "1,436,263" ], [ "Total maturities", "3,347,676" ], [ "Unamortized fair value adjustment", "19,669" ], [ "Unamortized commission fees and discounts", "(6,846)" ], [ "Senior notes payable and other debt", "$3,360,499" ] ]

[ [ "2008", "$ 193101" ], [ "2009", "605762" ], [ "2010", "282138" ], [ "2011", "303191" ], [ "2012", "527221" ], [ "thereafter", "1436263" ], [ "total maturities", "3347676" ], [ "unamortized fair value adjustment", "19669" ], [ "unamortized commission fees and discounts", "-6846 ( 6846 )" ], [ "senior notes payable and other debt", "$ 3360499" ] ]

[]

[ "december 2016 acquisition of camber and higher volumes in fleet support and oil and gas services , partially offset by lower nuclear and environmental volumes due to the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract .", "segment operating income 2018 - operating income in the technical solutions segment for the year ended december 31 , 2018 , was $ 32 million , compared to operating income of $ 21 million in 2017 .", "the increase was primarily due to an allowance for accounts receivable in 2017 on a nuclear and environmental commercial contract and higher income from operating investments at our nuclear and environmental joint ventures , partially offset by one time employee bonus payments in 2018 related to the tax act and lower performance in fleet support services .", "2017 - operating income in the technical solutions segment for the year ended december 31 , 2017 , was $ 21 million , compared to operating income of $ 8 million in 2016 .", "the increase was primarily due to improved performance in oil and gas services and higher volume in mdis services following the december 2016 acquisition of camber , partially offset by the establishment of an allowance for accounts receivable on a nuclear and environmental commercial contract in 2017 and the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract .", "backlog total backlog as of december 31 , 2018 , was approximately $ 23 billion .", "total backlog includes both funded backlog ( firm orders for which funding is contractually obligated by the customer ) and unfunded backlog ( firm orders for which funding is not currently contractually obligated by the customer ) .", "backlog excludes unexercised contract options and unfunded idiq orders .", "for contracts having no stated contract values , backlog includes only the amounts committed by the customer .", "the following table presents funded and unfunded backlog by segment as of december 31 , 2018 and 2017: ." ]

[ "we expect approximately 30% ( 30 % ) of the $ 23 billion total backlog as of december 31 , 2018 , to be converted into sales in 2019 .", "u.s .", "government orders comprised substantially all of the backlog as of december 31 , 2018 and 2017 .", "awards 2018 - the value of new contract awards during the year ended december 31 , 2018 , was approximately $ 9.8 billion .", "significant new awards during the period included contracts for the construction of three arleigh burke class ( ddg 51 ) destroyers , for the detail design and construction of richard m .", "mccool jr .", "( lpd 29 ) , for procurement of long-lead-time material for enterprise ( cvn 80 ) , and for the construction of nsc 10 ( unnamed ) and nsc 11 ( unnamed ) .", "in addition , we received awards in 2019 valued at $ 15.2 billion for detail design and construction of the gerald r .", "ford class ( cvn 78 ) aircraft carriers enterprise ( cvn 80 ) and cvn 81 ( unnamed ) .", "2017 - the value of new contract awards during the year ended december 31 , 2017 , was approximately $ 8.1 billion .", "significant new awards during this period included the detailed design and construction contract for bougainville ( lha 8 ) and the execution contract for the rcoh of uss george washington ( cvn 73 ) . ." ]

[ [ "", "December 31, 2018", "December 31, 2017" ], [ "($ in millions)", "Funded", "Unfunded", "Total Backlog", "Funded", "Unfunded", "Total Backlog" ], [ "Ingalls", "$9,943", "$1,422", "$11,365", "$5,920", "$2,071", "$7,991" ], [ "Newport News", "6,767", "4,144", "10,911", "6,976", "5,608", "12,584" ], [ "Technical Solutions", "339", "380", "719", "478", "314", "792" ], [ "Total backlog", "$17,049", "$5,946", "$22,995", "$13,374", "$7,993", "$21,367" ] ]

[ [ "( $ in millions )", "december 31 2018 funded", "december 31 2018 unfunded", "december 31 2018 total backlog", "december 31 2018 funded", "december 31 2018 unfunded", "total backlog" ], [ "ingalls", "$ 9943", "$ 1422", "$ 11365", "$ 5920", "$ 2071", "$ 7991" ], [ "newport news", "6767", "4144", "10911", "6976", "5608", "12584" ], [ "technical solutions", "339", "380", "719", "478", "314", "792" ], [ "total backlog", "$ 17049", "$ 5946", "$ 22995", "$ 13374", "$ 7993", "$ 21367" ] ]

[ { "arg1": "32", "arg2": "21", "op": "minus1-1", "res": "11" }, { "arg1": "#0", "arg2": "21", "op": "divide1-2", "res": "52.4%" } ]

[ "synopsys , inc .", "notes to consolidated financial statements 2014 ( continued ) and other electronic applications markets .", "the company believes the acquisition will expand its technology portfolio , channel reach and total addressable market by adding complementary products and expertise for fpga solutions and rapid asic prototyping .", "purchase price .", "synopsys paid $ 8.00 per share for all outstanding shares including certain vested options of synplicity for an aggregate cash payment of $ 223.3 million .", "additionally , synopsys assumed certain employee stock options and restricted stock units , collectively called 201cstock awards . 201d the total purchase consideration consisted of: ." ]

[ "acquisition related costs consist primarily of professional services , severance and employee related costs and facilities closure costs of which $ 6.8 million have been paid as of october 31 , 2009 .", "fair value of stock awards assumed .", "an aggregate of 4.7 million shares of synplicity stock options and restricted stock units were exchanged for synopsys stock options and restricted stock units at an exchange ratio of 0.3392 per share .", "the fair value of stock options assumed was determined using a black-scholes valuation model .", "the fair value of stock awards vested or earned of $ 4.2 million was included as part of the purchase price .", "the fair value of unvested awards of $ 5.0 million will be recorded as operating expense over the remaining service periods on a straight-line basis .", "purchase price allocation .", "the company allocated $ 80.0 million of the purchase price to identifiable intangible assets to be amortized over two to seven years .", "in-process research and development expense related to these acquisitions was $ 4.8 million .", "goodwill , representing the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired , was $ 120.3 million and will not be amortized .", "goodwill primarily resulted from the company 2019s expectation of cost synergies and sales growth from the integration of synplicity 2019s technology with the company 2019s technology and operations to provide an expansion of products and market reach .", "fiscal 2007 acquisitions during fiscal year 2007 , the company completed certain purchase acquisitions for cash .", "the company allocated the total purchase considerations of $ 54.8 million ( which included acquisition related costs of $ 1.4 million ) to the assets and liabilities acquired , including identifiable intangible assets , based on their respective fair values at the acquisition dates , resulting in aggregate goodwill of $ 36.6 million .", "acquired identifiable intangible assets of $ 14.3 million are being amortized over two to nine years .", "in-process research and development expense related to these acquisitions was $ 3.2 million. ." ]

[ [ "", "(in thousands)" ], [ "Cash paid, net of cash acquired", "$180,618" ], [ "Fair value of assumed vested or earned stock awards", "4,169" ], [ "Acquisition related costs", "8,016" ], [ "Total purchase price consideration", "$192,803" ] ]

[ [ "", "( in thousands )" ], [ "cash paid net of cash acquired", "$ 180618" ], [ "fair value of assumed vested or earned stock awards", "4169" ], [ "acquisition related costs", "8016" ], [ "total purchase price consideration", "$ 192803" ] ]

[ { "arg1": "80.0", "arg2": "const_1000", "op": "multiply1-1", "res": "80000" }, { "arg1": "#0", "arg2": "192803", "op": "divide1-2", "res": "41%" } ]

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

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

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

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

[]

[ "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 86% ( 86 % ) and 94% ( 94 % ) as of december 31 , 2018 and 2017 , 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 , 2018 .", "we had $ 673.5 of cash , cash equivalents and marketable securities as of december 31 , 2018 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 2018 and 2017 , we had interest income of $ 21.8 and $ 19.4 , respectively .", "based on our 2018 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 6.7 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2018 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 favorably impacted our results during the year ended december 31 , 2018 were the euro and british pound sterling .", "the foreign currencies that most adversely impacted our results during the year ended december 31 , of 2018 were the argentine peso and brazilian real .", "based on 2018 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 2018 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 ." ]

[ [ "", "Increase/(Decrease)in Fair Market Value" ], [ "As of December 31,", "10% Increasein Interest Rates", "10% Decreasein Interest Rates" ], [ "2018", "$(91.3)", "$82.5" ], [ "2017", "(20.2)", "20.6" ] ]

[ [ "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" ], [ "2018", "$ -91.3 ( 91.3 )", "$ 82.5" ], [ "2017", "-20.2 ( 20.2 )", "20.6" ] ]

[]

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

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

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

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

[ { "arg1": "3609", "arg2": "4036", "op": "minus1-1", "res": "-427" }, { "arg1": "#0", "arg2": "4036", "op": "divide1-2", "res": "-10.6%" } ]

[ "notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .", "1 .", "nature of operations operations and segmentation 2013 we are a class i railroad that operates in the u.s .", "we have 31953 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .", "gateways and providing several corridors to key mexican gateways .", "we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .", "export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .", "the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .", "although revenues are analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network .", "the following table provides revenue by commodity group : millions 2010 2009 2008 ." ]

[ "although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported are outside the u.s .", "basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .", "( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .", "2 .", "significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .", "investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .", "all intercompany transactions are eliminated .", "we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .", "cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .", "accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .", "the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .", "receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position .", "investments 2013 investments represent our investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) that are accounted for under the equity method of accounting and investments in companies ( less than 20% ( 20 % ) owned ) accounted for under the cost method of accounting. ." ]

[ [ "<i>Millions</i>", "<i>2010</i>", "<i>2009</i>", "<i>2008</i>" ], [ "Agricultural", "$3,018", "$2,666", "$3,174" ], [ "Automotive", "1,271", "854", "1,344" ], [ "Chemicals", "2,425", "2,102", "2,494" ], [ "Energy", "3,489", "3,118", "3,810" ], [ "Industrial Products", "2,639", "2,147", "3,273" ], [ "Intermodal", "3,227", "2,486", "3,023" ], [ "Total freight revenues", "$16,069", "$13,373", "$17,118" ], [ "Other revenues", "896", "770", "852" ], [ "Total operating revenues", "$16,965", "$14,143", "$17,970" ] ]

[ [ "millions", "2010", "2009", "2008" ], [ "agricultural", "$ 3018", "$ 2666", "$ 3174" ], [ "automotive", "1271", "854", "1344" ], [ "chemicals", "2425", "2102", "2494" ], [ "energy", "3489", "3118", "3810" ], [ "industrial products", "2639", "2147", "3273" ], [ "intermodal", "3227", "2486", "3023" ], [ "total freight revenues", "$ 16069", "$ 13373", "$ 17118" ], [ "other revenues", "896", "770", "852" ], [ "total operating revenues", "$ 16965", "$ 14143", "$ 17970" ] ]

[ { "arg1": "896", "arg2": "770", "op": "add2-1", "res": "1666" }, { "arg1": "#0", "arg2": "852", "op": "add2-2", "res": "2518" }, { "arg1": "#1", "arg2": "const_3", "op": "divide2-3", "res": "839.33" } ]

[ "notes to consolidated financial statements note 9 .", "collateralized agreements and financings collateralized agreements are securities purchased under agreements to resell ( resale agreements or reverse repurchase agreements ) and securities borrowed .", "collateralized financings are securities sold under agreements to repurchase ( repurchase agreements ) , securities loaned and other secured financings .", "the firm enters into these transactions in order to , among other things , facilitate client activities , invest excess cash , acquire securities to cover short positions and finance certain firm activities .", "collateralized agreements and financings are presented on a net-by-counterparty basis when a legal right of setoff exists .", "interest on collateralized agreements and collateralized financings is recognized over the life of the transaction and included in 201cinterest income 201d and 201cinterest expense , 201d respectively .", "see note 23 for further information about interest income and interest expense .", "the table below presents the carrying value of resale and repurchase agreements and securities borrowed and loaned transactions. ." ]

[ "in millions 2012 2011 securities purchased under agreements to resell 1 $ 141334 $ 187789 securities borrowed 2 136893 153341 securities sold under agreements to repurchase 1 171807 164502 securities loaned 2 13765 7182 1 .", "substantially all resale and repurchase agreements are carried at fair value under the fair value option .", "see note 8 for further information about the valuation techniques and significant inputs used to determine fair value .", "2 .", "as of december 2012 and december 2011 , $ 38.40 billion and $ 47.62 billion of securities borrowed , and $ 1.56 billion and $ 107 million of securities loaned were at fair value , respectively .", "resale and repurchase agreements a resale agreement is a transaction in which the firm purchases financial instruments from a seller , typically in exchange for cash , and simultaneously enters into an agreement to resell the same or substantially the same financial instruments to the seller at a stated price plus accrued interest at a future date .", "a repurchase agreement is a transaction in which the firm sells financial instruments to a buyer , typically in exchange for cash , and simultaneously enters into an agreement to repurchase the same or substantially the same financial instruments from the buyer at a stated price plus accrued interest at a future date .", "the financial instruments purchased or sold in resale and repurchase agreements typically include u.s .", "government and federal agency , and investment-grade sovereign obligations .", "the firm receives financial instruments purchased under resale agreements , makes delivery of financial instruments sold under repurchase agreements , monitors the market value of these financial instruments on a daily basis , and delivers or obtains additional collateral due to changes in the market value of the financial instruments , as appropriate .", "for resale agreements , the firm typically requires delivery of collateral with a fair value approximately equal to the carrying value of the relevant assets in the consolidated statements of financial condition .", "even though repurchase and resale agreements involve the legal transfer of ownership of financial instruments , they are accounted for as financing arrangements because they require the financial instruments to be repurchased or resold at the maturity of the agreement .", "however , 201crepos to maturity 201d are accounted for as sales .", "a repo to maturity is a transaction in which the firm transfers a security under an agreement to repurchase the security where the maturity date of the repurchase agreement matches the maturity date of the underlying security .", "therefore , the firm effectively no longer has a repurchase obligation and has relinquished control over the underlying security and , accordingly , accounts for the transaction as a sale .", "the firm had no repos to maturity outstanding as of december 2012 or december 2011 .", "152 goldman sachs 2012 annual report ." ]

[ [ "", "As of December" ], [ "<i>in millions</i>", "2012", "2011" ], [ "Securities purchased under agreements toresell¹", "$141,334", "$187,789" ], [ "Securities borrowed²", "136,893", "153,341" ], [ "Securities sold under agreements torepurchase¹", "171,807", "164,502" ], [ "Securitiesloaned²", "13,765", "7,182" ] ]

[ [ "in millions", "as of december 2012", "as of december 2011" ], [ "securities purchased under agreements toresell1", "$ 141334", "$ 187789" ], [ "securities borrowed2", "136893", "153341" ], [ "securities sold under agreements torepurchase1", "171807", "164502" ], [ "securitiesloaned2", "13765", "7182" ] ]

[]

[ "52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s .", "subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s .", "tax cost of approximately $ 250 million and $ 110 million , respectively .", "the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions .", "in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed .", "the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 .", "additionally , the internal revenue service has completed its examination of the company 2019s u.s .", "federal income tax returns filed for years through 2010 .", "the examination of the company 2019s u.s .", "federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 .", "a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: ." ]

[ "the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant .", "the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 .", "the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense .", "as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively .", "the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties .", "the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 .", "13 .", "pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide .", "the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k .", "which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s .", "defined benefit pension plans represent the majority .", "ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s .", "and canadian employees and their dependents .", "these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion .", "the company has the right to modify or terminate certain of these benefit plans in the future .", "salaried and certain hourly employees in the u.s .", "hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits .", "salaried employees in the u.s .", "hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s .", "hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan .", "these employees are not eligible for defined benefit pension plan benefits .", "plan design changes in january 2011 , the company approved an amendment to one of its u.s .", "defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s .", "projected benefit obligation at december 31 , 2011 .", "depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 .", "the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen .", "the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million .", "the company made similar changes to certain other u.s .", "defined benefit pension plans in 2011 .", "the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 .", "the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future .", "separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements ." ]

[ [ "(Millions)", "2013", "2012", "2011" ], [ "Balance at January 1", "$82", "$107", "$111" ], [ "Additions based on tax positions related to the current year", "12", "12", "15" ], [ "Additions for tax positions of prior years", "9", "2", "17" ], [ "Reductions for tax positions of prior years", "(10)", "(12)", "(19)" ], [ "Pre-acquisition unrecognized tax benefits", "—", "2", "—" ], [ "Reductions for expiration of the applicable statute of limitations", "(10)", "(6)", "(7)" ], [ "Settlements", "—", "(23)", "(8)" ], [ "Foreign currency translation", "2", "—", "(2)" ], [ "Balance at December 31", "$85", "$82", "$107" ] ]

[ [ "( millions )", "2013", "2012", "2011" ], [ "balance at january 1", "$ 82", "$ 107", "$ 111" ], [ "additions based on tax positions related to the current year", "12", "12", "15" ], [ "additions for tax positions of prior years", "9", "2", "17" ], [ "reductions for tax positions of prior years", "-10 ( 10 )", "-12 ( 12 )", "-19 ( 19 )" ], [ "pre-acquisition unrecognized tax benefits", "2014", "2", "2014" ], [ "reductions for expiration of the applicable statute of limitations", "-10 ( 10 )", "-6 ( 6 )", "-7 ( 7 )" ], [ "settlements", "2014", "-23 ( 23 )", "-8 ( 8 )" ], [ "foreign currency translation", "2", "2014", "-2 ( 2 )" ], [ "balance at december 31", "$ 85", "$ 82", "$ 107" ] ]

[ { "arg1": "85", "arg2": "82", "op": "minus2-1", "res": "3" }, { "arg1": "#0", "arg2": "82", "op": "divide2-2", "res": "4%" } ]

[ "the impairment tests performed for intangible assets as of july 31 , 2013 , 2012 and 2011 indicated no impairment charges were required .", "estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows : ( in millions ) ." ]

[ "indefinite-lived acquired management contracts in july 2013 , in connection with the credit suisse etf transaction , the company acquired $ 231 million of indefinite-lived management contracts .", "in march 2012 , in connection with the claymore transaction , the company acquired $ 163 million of indefinite-lived etp management contracts .", "finite-lived acquired management contracts in october 2013 , in connection with the mgpa transaction , the company acquired $ 29 million of finite-lived management contracts with a weighted-average estimated useful life of approximately eight years .", "in september 2012 , in connection with the srpep transaction , the company acquired $ 40 million of finite- lived management contracts with a weighted-average estimated useful life of approximately 10 years .", "11 .", "other assets at march 31 , 2013 , blackrock held an approximately one- third economic equity interest in private national mortgage acceptance company , llc ( 201cpnmac 201d ) , which is accounted for as an equity method investment and is included in other assets on the consolidated statements of financial condition .", "on may 8 , 2013 , pennymac became the sole managing member of pnmac in connection with an initial public offering of pennymac ( the 201cpennymac ipo 201d ) .", "as a result of the pennymac ipo , blackrock recorded a noncash , nonoperating pre-tax gain of $ 39 million related to the carrying value of its equity method investment .", "subsequent to the pennymac ipo , the company contributed 6.1 million units of its investment to a new donor advised fund ( the 201ccharitable contribution 201d ) .", "the fair value of the charitable contribution was $ 124 million and is included in general and administration expenses on the consolidated statements of income .", "in connection with the charitable contribution , the company also recorded a noncash , nonoperating pre-tax gain of $ 80 million related to the contributed investment and a tax benefit of approximately $ 48 million .", "the carrying value and fair value of the company 2019s remaining interest ( approximately 20% ( 20 % ) or 16 million shares and units ) was approximately $ 127 million and $ 273 million , respectively , at december 31 , 2013 .", "the fair value of the company 2019s interest reflected the pennymac stock price at december 31 , 2013 ( level 1 input ) .", "12 .", "borrowings short-term borrowings the carrying value of short-term borrowings at december 31 , 2012 included $ 100 million under the 2012 revolving credit facility .", "2013 revolving credit facility .", "in march 2011 , the company entered into a five-year $ 3.5 billion unsecured revolving credit facility ( the 201c2011 credit facility 201d ) .", "in march 2012 , the 2011 credit facility was amended to extend the maturity date by one year to march 2017 and in april 2012 the amount of the aggregate commitment was increased to $ 3.785 billion ( the 201c2012 credit facility 201d ) .", "in march 2013 , the company 2019s credit facility was amended to extend the maturity date by one year to march 2018 and the amount of the aggregate commitment was increased to $ 3.990 billion ( the 201c2013 credit facility 201d ) .", "the 2013 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2013 credit facility to an aggregate principal amount not to exceed $ 4.990 billion .", "interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .", "the 2013 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortization , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2013 .", "the 2013 credit facility provides back- up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities .", "at december 31 , 2013 , the company had no amount outstanding under the 2013 credit facility .", "commercial paper program .", "on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3.0 billion .", "on may 13 , 2011 , blackrock increased the maximum aggregate amount that may be borrowed under the cp program to $ 3.5 billion .", "on may 17 , 2012 , blackrock increased the maximum aggregate amount to $ 3.785 billion .", "in april 2013 , blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $ 3.990 billion .", "the commercial paper program is currently supported by the 2013 credit facility .", "at december 31 , 2013 and 2012 , blackrock had no cp notes outstanding. ." ]

[ [ "Year", "Amount" ], [ "2014", "$ 156" ], [ "2015", "126" ], [ "2016", "91" ], [ "2017", "74" ], [ "2018", "24" ] ]

[ [ "year", "amount" ], [ "2014", "$ 156" ], [ "2015", "126" ], [ "2016", "91" ], [ "2017", "74" ], [ "2018", "24" ] ]

[ { "arg1": "3.5", "arg2": "3.0", "op": "minus2-1", "res": "0.5" }, { "arg1": "#0", "arg2": "3.0", "op": "divide2-2", "res": "16.7%" } ]

[ "vornado realty trust notes to consolidated financial statements ( continued ) 17 .", "leases as lessor : we lease space to tenants under operating leases .", "most of the leases provide for the payment of fixed base rentals payable monthly in advance .", "office building leases generally require the tenants to reimburse us for operating costs and real estate taxes above their base year costs .", "shopping center leases provide for pass-through to tenants the tenant 2019s share of real estate taxes , insurance and maintenance .", "shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales .", "as of december 31 , 2011 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , is as follows : ( amounts in thousands ) year ending december 31: ." ]

[ "these amounts do not include percentage rentals based on tenants 2019 sales .", "these percentage rents approximated $ 8482000 , $ 7912000 and $ 8394000 , for the years ended december 31 , 2011 , 2010 and 2009 , respectively .", "none of our tenants accounted for more than 10% ( 10 % ) of total revenues in any of the years ended december 31 , 2011 , 2010 and 2009 .", "former bradlees locations pursuant to a master agreement and guaranty , dated may 1 , 1992 , we are due $ 5000000 per annum of additional rent from stop & shop which was allocated to certain bradlees former locations .", "on december 31 , 2002 , prior to the expiration of the leases to which the additional rent was allocated , we reallocated this rent to other former bradlees leases also guaranteed by stop & shop .", "stop & shop is contesting our right to reallocate and claims that we are no longer entitled to the additional rent .", "on november 7 , 2011 , the court determined that we have a continuing right to allocate the annual rent to unexpired leases covered by the master agreement and guaranty and directed entry of a judgment in our favor ordering stop & shop to pay us the unpaid annual rent ( see note 20 2013 commitments and contingencies 2013 litigation ) .", "as of december 31 , 2011 , we have a $ 41983000 receivable from stop and shop. ." ]

[ [ "2012", "$1,807,885" ], [ "2013", "1,718,403" ], [ "2014", "1,609,279" ], [ "2015", "1,425,804" ], [ "2016", "1,232,154" ], [ "Thereafter", "6,045,584" ] ]

[ [ "2012", "$ 1807885" ], [ "2013", "1718403" ], [ "2014", "1609279" ], [ "2015", "1425804" ], [ "2016", "1232154" ], [ "thereafter", "6045584" ] ]

[]

[ "the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station in march 2016 and a provision recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding .", "see note 2 to the financial statements for further discussion of the formula rate plan revenues and the waterford 3 replacement steam generator prudence review proceeding .", "the louisiana act 55 financing savings obligation variance results from a regulatory charge recorded in 2016 for tax savings to be shared with customers per an agreement approved by the lpsc .", "the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike .", "see note 3 to the financial statements for additional discussion of the settlement and benefit sharing .", "the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales and decreased usage during the unbilled sales period .", "the decrease was partially offset by an increase of 1237 gwh , or 4% ( 4 % ) , in industrial usage primarily due to an increase in demand from existing customers and expansion projects in the chemicals industry .", "2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .", "following is an analysis of the change in net revenue comparing 2016 to 2015 .", "amount ( in millions ) ." ]

[ "the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station .", "see note 2 to the financial statements for further discussion .", "the volume/weather variance is primarily due to the effect of less favorable weather on residential sales , partially offset by an increase in industrial usage and an increase in volume during the unbilled period .", "the increase in industrial usage is primarily due to increased demand from new customers and expansion projects , primarily in the chemicals industry .", "the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc .", "the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike .", "see note 3 to the financial statements for additional discussion of the settlement and benefit sharing .", "included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis ." ]

[ [ "", "Amount (In Millions)" ], [ "2015 net revenue", "$2,408.8" ], [ "Retail electric price", "62.5" ], [ "Volume/weather", "(6.7)" ], [ "Louisiana Act 55 financing savings obligation", "(17.2)" ], [ "Other", "(9.0)" ], [ "2016 net revenue", "$2,438.4" ] ]

[ [ "", "amount ( in millions )" ], [ "2015 net revenue", "$ 2408.8" ], [ "retail electric price", "62.5" ], [ "volume/weather", "-6.7 ( 6.7 )" ], [ "louisiana act 55 financing savings obligation", "-17.2 ( 17.2 )" ], [ "other", "-9.0 ( 9.0 )" ], [ "2016 net revenue", "$ 2438.4" ] ]

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[ "shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .", "the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average .", "the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2012 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. ." ]

[ "." ]

[ [ "", "12/31/2012", "12/31/2013", "12/31/2014", "12/31/2015", "12/31/2016", "12/31/2017" ], [ "United Parcel Service, Inc.", "$100.00", "$146.54", "$159.23", "$148.89", "$182.70", "$195.75" ], [ "Standard & Poor’s 500 Index", "$100.00", "$132.38", "$150.49", "$152.55", "$170.79", "$208.06" ], [ "Dow Jones Transportation Average", "$100.00", "$141.38", "$176.83", "$147.19", "$179.37", "$213.49" ] ]

[ [ "", "12/31/2012", "12/31/2013", "12/31/2014", "12/31/2015", "12/31/2016", "12/31/2017" ], [ "united parcel service inc .", "$ 100.00", "$ 146.54", "$ 159.23", "$ 148.89", "$ 182.70", "$ 195.75" ], [ "standard & poor 2019s 500 index", "$ 100.00", "$ 132.38", "$ 150.49", "$ 152.55", "$ 170.79", "$ 208.06" ], [ "dow jones transportation average", "$ 100.00", "$ 141.38", "$ 176.83", "$ 147.19", "$ 179.37", "$ 213.49" ] ]

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[ "in april 2009 , the fasb issued additional guidance under asc 820 which provides guidance on estimat- ing the fair value of an asset or liability ( financial or nonfinancial ) when the volume and level of activity for the asset or liability have significantly decreased , and on identifying transactions that are not orderly .", "the application of the requirements of this guidance did not have a material effect on the accompanying consolidated financial statements .", "in august 2009 , the fasb issued asu 2009-05 , 201cmeasuring liabilities at fair value , 201d which further amends asc 820 by providing clarification for cir- cumstances in which a quoted price in an active market for the identical liability is not available .", "the company included the disclosures required by this guidance in the accompanying consolidated financial statements .", "accounting for uncertainty in income taxes in june 2006 , the fasb issued guidance under asc 740 , 201cincome taxes 201d ( formerly fin 48 ) .", "this guid- ance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in tax returns .", "specifically , the financial statement effects of a tax position may be recognized only when it is determined that it is 201cmore likely than not 201d that , based on its technical merits , the tax position will be sustained upon examination by the relevant tax authority .", "the amount recognized shall be measured as the largest amount of tax benefits that exceed a 50% ( 50 % ) probability of being recognized .", "this guidance also expands income tax disclosure requirements .", "international paper applied the provisions of this guidance begin- ning in the first quarter of 2007 .", "the adoption of this guidance resulted in a charge to the beginning bal- ance of retained earnings of $ 94 million at the date of adoption .", "note 3 industry segment information financial information by industry segment and geo- graphic area for 2009 , 2008 and 2007 is presented on pages 47 and 48 .", "effective january 1 , 2008 , the company changed its method of allocating corpo- rate overhead expenses to its business segments to increase the expense amounts allocated to these businesses in reports reviewed by its chief executive officer to facilitate performance comparisons with other companies .", "accordingly , the company has revised its presentation of industry segment operat- ing profit to reflect this change in allocation method , and has adjusted all comparative prior period information on this basis .", "note 4 earnings per share attributable to international paper company common shareholders basic earnings per common share from continuing operations are computed by dividing earnings from continuing operations by the weighted average number of common shares outstanding .", "diluted earnings per common share from continuing oper- ations are computed assuming that all potentially dilutive securities , including 201cin-the-money 201d stock options , were converted into common shares at the beginning of each year .", "in addition , the computation of diluted earnings per share reflects the inclusion of contingently convertible securities in periods when dilutive .", "a reconciliation of the amounts included in the computation of basic earnings per common share from continuing operations , and diluted earnings per common share from continuing operations is as fol- in millions except per share amounts 2009 2008 2007 ." ]

[ "average common shares outstanding 2013 assuming dilution 428.0 421.0 433.0 basic earnings ( loss ) per common share from continuing operations $ 1.56 $ ( 3.02 ) $ 2.83 diluted earnings ( loss ) per common share from continuing operations $ 1.55 $ ( 3.02 ) $ 2.81 ( a ) securities are not included in the table in periods when anti- dilutive .", "( b ) options to purchase 22.2 million , 25.1 million and 17.5 million shares for the years ended december 31 , 2009 , 2008 and 2007 , respectively , were not included in the computation of diluted common shares outstanding because their exercise price exceeded the average market price of the company 2019s common stock for each respective reporting date .", "note 5 restructuring and other charges this footnote discusses restructuring and other charges recorded for each of the three years included in the period ended december 31 , 2009 .", "it ." ]

[ [ "<i>In millions except per share amounts</i>", "2009", "2008", "2007" ], [ "Earnings (loss) from continuing operations", "$663", "$(1,269)", "$1,215" ], [ "Effect of dilutive securities (a)", "–", "–", "–" ], [ "Earnings (loss) from continuing operations – assumingdilution", "$663", "$(1,269)", "$1,215" ], [ "Average common shares outstanding", "425.3", "421.0", "428.9" ], [ "Effect of dilutive securities Restricted performance share plan (a)", "2.7", "–", "3.7" ], [ "Stock options (b)", "–", "–", "0.4" ], [ "Average common shares outstanding – assuming dilution", "428.0", "421.0", "433.0" ], [ "Basic earnings (loss) per common share from continuing operations", "$1.56", "$(3.02)", "$2.83" ], [ "Diluted earnings (loss) per common share from continuing operations", "$1.55", "$(3.02)", "$2.81" ] ]

[ [ "in millions except per share amounts", "2009", "2008", "2007" ], [ "earnings ( loss ) from continuing operations", "$ 663", "$ -1269 ( 1269 )", "$ 1215" ], [ "effect of dilutive securities ( a )", "2013", "2013", "2013" ], [ "earnings ( loss ) from continuing operations 2013 assumingdilution", "$ 663", "$ -1269 ( 1269 )", "$ 1215" ], [ "average common shares outstanding", "425.3", "421.0", "428.9" ], [ "effect of dilutive securities restricted performance share plan ( a )", "2.7", "2013", "3.7" ], [ "stock options ( b )", "2013", "2013", "0.4" ], [ "average common shares outstanding 2013 assuming dilution", "428.0", "421.0", "433.0" ], [ "basic earnings ( loss ) per common share from continuing operations", "$ 1.56", "$ -3.02 ( 3.02 )", "$ 2.83" ], [ "diluted earnings ( loss ) per common share from continuing operations", "$ 1.55", "$ -3.02 ( 3.02 )", "$ 2.81" ] ]

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[ "vertex pharmaceuticals incorporated notes to consolidated financial statements ( continued ) o .", "significant revenue arrangements ( continued ) $ 7 million of development and commercialization milestone payments .", "additionally , kissei agreed to reimburse the company for certain development costs , including a portion of costs for phase 2 trials of vx-702 .", "research funding ended under this program in june 2000 , and the company has received the full amount of research funding specified under the agreement .", "kissei has exclusive rights to develop and commercialize vx-702 in japan and certain far east countries and co-exclusive rights in china , taiwan and south korea .", "the company retains exclusive marketing rights outside the far east and co-exclusive rights in china , taiwan and south korea .", "in addition , the company will have the right to supply bulk drug material to kissei for sale in its territory and will receive royalties or drug supply payments on future product sales , if any .", "in 2006 , 2005 and 2004 , approximately $ 6.4 million , $ 7.3 million and $ 3.5 million , respectively , was recognized as revenue under this agreement .", "the $ 7.3 million of revenue recognized in 2005 includes a $ 2.5 million milestone paid upon kissei 2019s completion of regulatory filings in preparation for phase 1 clinical development of vx-702 in japan .", "p .", "employee benefits the company has a 401 ( k ) retirement plan ( the 201cvertex 401 ( k ) plan 201d ) in which substantially all of its permanent employees are eligible to participate .", "participants may contribute up to 60% ( 60 % ) of their annual compensation to the vertex 401 ( k ) plan , subject to statutory limitations .", "the company may declare discretionary matching contributions to the vertex 401 ( k ) plan that are payable in the form of vertex common stock .", "the match is paid in the form of fully vested interests in a vertex common stock fund .", "employees have the ability to transfer funds from the company stock fund as they choose .", "the company declared matching contributions to the vertex 401 ( k ) plan as follows ( in thousands ) : q .", "related party transactions as of december 31 , 2006 , 2005 and 2004 , the company had a loan outstanding to a former officer of the company in the amount of $ 36000 , $ 36000 , $ 97000 , respectively , which was initially advanced in april 2002 .", "the loan balance is included in other assets on the consolidated balance sheets .", "in 2001 , the company entered into a four year consulting agreement with a director of the company for the provision of part-time consulting services over a period of four years , at the rate of $ 80000 per year commencing in january 2002 .", "the consulting agreement terminated in january 2006 .", "r .", "contingencies the company has certain contingent liabilities that arise in the ordinary course of its business activities .", "the company accrues a reserve for contingent liabilities when it is probable that future expenditures will be made and such expenditures can be reasonably estimated. ." ]

[ "discretionary matching contributions during the year ended december 31 , $ 3341 $ 2894 $ 2492 shares issued during the year ended december 31 , 91 215 239 shares issuable as of the year ended december 31 , 28 19 57 ." ]

[ [ "", "2006", "2005", "2004" ], [ "Discretionary matching contributions during the year ended December 31,", "$3,341", "$2,894", "$2,492" ], [ "Shares issued during the year ended December 31,", "91", "215", "239" ], [ "Shares issuable as of the year ended December 31,", "28", "19", "57" ] ]

[ [ "", "2006", "2005", "2004" ], [ "discretionary matching contributions during the year ended december 31,", "$ 3341", "$ 2894", "$ 2492" ], [ "shares issued during the year ended december 31,", "91", "215", "239" ], [ "shares issuable as of the year ended december 31,", "28", "19", "57" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no .", "148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no .", "123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no .", "123 .", "the company continues to use accounting principles board opinion no .", "25 ( apb no .", "25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of 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 13 .", "in december 2004 , the fasb issued sfas no .", "123r , 201cshare-based payment 201d ( sfas no .", "123r ) , described below .", "the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .", "123 ( 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 ) : ." ]

[ "during the year ended december 31 , 2004 and 2003 , the company modified certain option awards to accelerate vesting and recorded charges of $ 3.0 million and $ 2.3 million , respectively , and corresponding increases to additional paid in capital in the accompanying consolidated financial statements .", "fair value of financial instruments 2014the carrying values of the company 2019s financial instruments , with the exception of long-term obligations , including current portion , reasonably approximate the related fair values as of december 31 , 2004 and 2003 .", "as of december 31 , 2004 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.3 billion and $ 3.6 billion , respectively .", "as of december 31 , 2003 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.4 billion and $ 3.6 billion , respectively .", "fair values are based primarily on quoted market prices for those or similar instruments .", "retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .", "under the plan , the company matching contribution for periods prior to june 30 , 2004 was 35% ( 35 % ) up to a maximum 5% ( 5 % ) of a participant 2019s contributions .", "effective july 1 , 2004 , the plan was amended to increase the company match to 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions .", "the company contributed approximately $ 533000 , $ 825000 and $ 979000 to the plan for the years ended december 31 , 2004 , 2003 and 2002 , respectively .", "recent accounting pronouncements 2014in december 2004 , the fasb issued sfas no .", "123r , which is a revision of sfas no .", "123 , 201caccounting for stock-based compensation , 201d and supersedes apb no .", "25 , accounting for ." ]

[ [ "", "2004", "2003", "2002" ], [ "Net loss as reported", "$(247,587)", "$(325,321)", "$(1,163,540)" ], [ "Add: Stock-based employee compensation expense associated with modifications, net of related tax effect, included in net loss asreported", "2,297", "2,077", "" ], [ "Less: Total stock-based employee compensation expense determined under fair value based method for all awards, net of related taxeffect", "(23,906)", "(31,156)", "(38,126)" ], [ "Pro-forma net loss", "$(269,196)", "$(354,400)", "$(1,201,666)" ], [ "Basic and diluted net loss per share—as reported", "$(1.10)", "$(1.56)", "$(5.95)" ], [ "Basic and diluted net loss per share pro-forma", "$(1.20)", "$(1.70)", "$(6.15)" ] ]

[ [ "", "2004", "2003", "2002" ], [ "net loss as reported", "$ -247587 ( 247587 )", "$ -325321 ( 325321 )", "$ -1163540 ( 1163540 )" ], [ "add : stock-based employee compensation expense associated with modifications net of related tax effect included in net loss asreported", "2297", "2077", "" ], [ "less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect", "-23906 ( 23906 )", "-31156 ( 31156 )", "-38126 ( 38126 )" ], [ "pro-forma net loss", "$ -269196 ( 269196 )", "$ -354400 ( 354400 )", "$ -1201666 ( 1201666 )" ], [ "basic and diluted net loss per share 2014as reported", "$ -1.10 ( 1.10 )", "$ -1.56 ( 1.56 )", "$ -5.95 ( 5.95 )" ], [ "basic and diluted net loss per share pro-forma", "$ -1.20 ( 1.20 )", "$ -1.70 ( 1.70 )", "$ -6.15 ( 6.15 )" ] ]

[]

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

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

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

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

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[ "6feb201418202649 performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 2018 2018s&p 500 index 2019 2019 ) , ( ii ) the standard & poor 2019s industrials index ( 2018 2018s&p industrials index 2019 2019 ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 2018 2018s&p consumer durables & apparel index 2019 2019 ) , from december 31 , 2008 through december 31 , 2013 , when the closing price of our common stock was $ 22.77 .", "the graph assumes investments of $ 100 on december 31 , 2008 in our common stock and in each of the three indices and the reinvestment of dividends .", "$ 350.00 $ 300.00 $ 250.00 $ 200.00 $ 150.00 $ 100.00 $ 50.00 performance graph ." ]

[ "in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .", "at december 31 , 2013 , we had remaining authorization to repurchase up to 22.6 million shares .", "during the first quarter of 2013 , we repurchased and retired 1.7 million shares of our common stock , for cash aggregating $ 35 million to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards .", "we have not purchased any shares since march 2013. ." ]

[ [ "", "2009", "2010", "2011", "2012", "2013" ], [ "Masco", "$128.21", "$120.32", "$102.45", "$165.80", "$229.59" ], [ "S&P 500 Index", "$125.92", "$144.58", "$147.60", "$171.04", "$225.85" ], [ "S&P Industrials Index", "$120.19", "$151.89", "$150.97", "$173.87", "$243.73" ], [ "S&P Consumer Durables & Apparel Index", "$136.29", "$177.91", "$191.64", "$232.84", "$316.28" ] ]

[ [ "", "2009", "2010", "2011", "2012", "2013" ], [ "masco", "$ 128.21", "$ 120.32", "$ 102.45", "$ 165.80", "$ 229.59" ], [ "s&p 500 index", "$ 125.92", "$ 144.58", "$ 147.60", "$ 171.04", "$ 225.85" ], [ "s&p industrials index", "$ 120.19", "$ 151.89", "$ 150.97", "$ 173.87", "$ 243.73" ], [ "s&p consumer durables & apparel index", "$ 136.29", "$ 177.91", "$ 191.64", "$ 232.84", "$ 316.28" ] ]

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