Datasets:

---

MehdiHosseiniMoghadam

/

ConvFinQA

like 0

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

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

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

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

[ { "arg1": "24087", "arg2": "29554", "op": "add1-1", "res": "54041" }, { "arg1": "24708", "arg2": "#0", "op": "minus1-2", "res": "-29333" } ]

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

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

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

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

[ { "arg1": "68", "arg2": "94", "op": "minus1-1", "res": "-26" }, { "arg1": "#0", "arg2": "94", "op": "divide1-2", "res": "-27.7%" } ]

[ "( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .", "shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .", "the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .", "the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .", "comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport ." ]

[ "." ]

[ [ "", "12/31/04", "12/31/05", "12/31/06", "12/31/07", "12/31/08", "12/31/09" ], [ "United Parcel Service, Inc.", "$100.00", "$89.49", "$91.06", "$87.88", "$70.48", "$75.95" ], [ "S&P 500 Index", "$100.00", "$104.91", "$121.48", "$128.15", "$80.74", "$102.11" ], [ "Dow Jones Transportation Average", "$100.00", "$111.65", "$122.61", "$124.35", "$97.72", "$115.88" ] ]

[ [ "", "12/31/04", "12/31/05", "12/31/06", "12/31/07", "12/31/08", "12/31/09" ], [ "united parcel service inc .", "$ 100.00", "$ 89.49", "$ 91.06", "$ 87.88", "$ 70.48", "$ 75.95" ], [ "s&p 500 index", "$ 100.00", "$ 104.91", "$ 121.48", "$ 128.15", "$ 80.74", "$ 102.11" ], [ "dow jones transportation average", "$ 100.00", "$ 111.65", "$ 122.61", "$ 124.35", "$ 97.72", "$ 115.88" ] ]

[ { "arg1": "75.95", "arg2": "const_100", "op": "minus1-1", "res": "-24.05" }, { "arg1": "#0", "arg2": "const_100", "op": "divide1-2", "res": "-24.05%" } ]

[ "table of contents performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( \"s&p 500\" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. ." ]

[ "the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .", "past performance is not necessarily an indicator of future results. ." ]

[ [ "", "12/13", "12/14", "12/15", "12/16", "12/17", "12/18" ], [ "Royal Caribbean Cruises Ltd.", "100.00", "176.94", "220.72", "182.99", "271.25", "227.46" ], [ "S&P 500", "100.00", "113.69", "115.26", "129.05", "157.22", "150.33" ], [ "Dow Jones U.S. Travel & Leisure", "100.00", "116.37", "123.23", "132.56", "164.13", "154.95" ] ]

[ [ "", "12/13", "12/14", "12/15", "12/16", "12/17", "12/18" ], [ "royal caribbean cruises ltd .", "100.00", "176.94", "220.72", "182.99", "271.25", "227.46" ], [ "s&p 500", "100.00", "113.69", "115.26", "129.05", "157.22", "150.33" ], [ "dow jones u.s . travel & leisure", "100.00", "116.37", "123.23", "132.56", "164.13", "154.95" ] ]

[ { "arg1": "220.72", "arg2": "176.94", "op": "minus1-1", "res": "43.78" }, { "arg1": "#0", "arg2": "176.94", "op": "divide1-2", "res": "24.7%" } ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .", "employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .", "under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .", "employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .", "the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .", "during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .", "the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .", "the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .", "at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .", "key assumptions used to apply this pricing model for the years ended december 31 , are as follows: ." ]

[ "13 .", "stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .", "and assumed outstanding warrants to purchase shares of spectrasite , inc .", "common stock .", "as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .", "common stock at an exercise price of $ 32 per warrant .", "upon completion of the merger , each warrant to purchase shares of spectrasite , inc .", "common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .", "common stock that would have been receivable under each assumed warrant prior to the merger .", "upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .", "of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .", "these warrants expired on february 10 , 2010 .", "stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. ." ]

[ [ "", "2010", "2009", "2008" ], [ "Range of risk-free interest rate", "0.22% - 0.23%", "0.29% - 0.44%", "1.99% - 3.28%" ], [ "Weighted average risk-free interest rate", "0.22%", "0.38%", "2.58%" ], [ "Expected life of shares", "6 months", "6 months", "6 months" ], [ "Range of expected volatility of underlying stock price", "35.26% - 35.27%", "35.31% - 36.63%", "27.85% - 28.51%" ], [ "Weighted average expected volatility of underlying stock price", "35.26%", "35.83%", "28.51%" ], [ "Expected annual dividends", "N/A", "N/A", "N/A" ] ]

[ [ "", "2010", "2009", "2008" ], [ "range of risk-free interest rate", "0.22% ( 0.22 % ) - 0.23% ( 0.23 % )", "0.29% ( 0.29 % ) - 0.44% ( 0.44 % )", "1.99% ( 1.99 % ) - 3.28% ( 3.28 % )" ], [ "weighted average risk-free interest rate", "0.22% ( 0.22 % )", "0.38% ( 0.38 % )", "2.58% ( 2.58 % )" ], [ "expected life of shares", "6 months", "6 months", "6 months" ], [ "range of expected volatility of underlying stock price", "35.26% ( 35.26 % ) - 35.27% ( 35.27 % )", "35.31% ( 35.31 % ) - 36.63% ( 36.63 % )", "27.85% ( 27.85 % ) - 28.51% ( 28.51 % )" ], [ "weighted average expected volatility of underlying stock price", "35.26% ( 35.26 % )", "35.83% ( 35.83 % )", "28.51% ( 28.51 % )" ], [ "expected annual dividends", "n/a", "n/a", "n/a" ] ]

[ { "arg1": "77509", "arg2": "23.91", "op": "multiply2-1", "res": "1853240.19" }, { "arg1": "#0", "arg2": "const_1000000", "op": "divide2-2", "res": "1.9" } ]

[ "westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .", "stockholders 2019 equity capitalization our capital stock consists solely of common stock .", "holders of our common stock are entitled to one vote per share .", "our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .", "the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .", "stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .", "the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .", "in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .", "in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .", "in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .", "as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .", "note 21 .", "share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .", "the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .", "the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .", "the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .", "shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .", "the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .", "in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .", "( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .", "we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .", "the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .", "( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .", "the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. ." ]

[ "westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .", "stockholders 2019 equity capitalization our capital stock consists solely of common stock .", "holders of our common stock are entitled to one vote per share .", "our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .", "the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .", "stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .", "the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .", "in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .", "in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .", "in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .", "as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .", "note 21 .", "share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .", "the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .", "the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .", "the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .", "shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .", "the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .", "in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .", "( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .", "we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .", "the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .", "( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .", "the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. ." ]

[ [ "", "Shares Available For Issuance", "Shares Available For Future Grant", "Shares To Be Issued If Performance Is Achieved At Maximum", "Expect To Make New Awards" ], [ "Amended and Restated 2016 Incentive Stock Plan⁽¹⁾", "11.7", "5.1", "2.3", "Yes" ], [ "2004 Incentive Stock Plan⁽¹⁾⁽²⁾", "15.8", "3.1", "0.0", "No" ], [ "2005 Performance Incentive Plan⁽¹⁾⁽²⁾", "12.8", "9.0", "0.0", "No" ], [ "RockTenn (SSCC) Equity Inventive Plan⁽¹⁾⁽³⁾", "7.9", "5.9", "0.0", "No" ] ]

[ [ "", "shares available for issuance", "shares available for future grant", "shares to be issued if performance is achieved at maximum", "expect to make new awards" ], [ "amended and restated 2016 incentive stock plan ( 1 )", "11.7", "5.1", "2.3", "yes" ], [ "2004 incentive stock plan ( 1 ) ( 2 )", "15.8", "3.1", "0.0", "no" ], [ "2005 performance incentive plan ( 1 ) ( 2 )", "12.8", "9.0", "0.0", "no" ], [ "rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 )", "7.9", "5.9", "0.0", "no" ] ]

[]

[ "2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand .", "although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end .", "we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards .", "these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) .", "2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low .", "throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel .", "overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 .", "we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel .", "the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement .", "2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 .", "free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .", "free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .", "we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .", "free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .", "the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 ." ]

[ "2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .", "we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees .", "we will continue implementing total safety culture ( tsc ) throughout our operations .", "tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers .", "this process allows us to identify and implement best practices for employee and operational safety .", "reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities .", "2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization .", "we plan to adjust manpower and our locomotive and rail car fleets to ." ]

[ [ "<i>Millions of Dollars</i>", "<i>2009</i>", "2008", "2007" ], [ "Cash provided by operating activities", "$3,234", "$4,070", "$3,277" ], [ "Cash used in investing activities", "(2,175)", "(2,764)", "(2,426)" ], [ "Dividends paid", "(544)", "(481)", "(364)" ], [ "Free cash flow", "$515", "$825", "$487" ] ]

[ [ "millions of dollars", "2009", "2008", "2007" ], [ "cash provided by operating activities", "$ 3234", "$ 4070", "$ 3277" ], [ "cash used in investing activities", "-2175 ( 2175 )", "-2764 ( 2764 )", "-2426 ( 2426 )" ], [ "dividends paid", "-544 ( 544 )", "-481 ( 481 )", "-364 ( 364 )" ], [ "free cash flow", "$ 515", "$ 825", "$ 487" ] ]

[ { "arg1": "const_1", "arg2": "const_1", "op": "divide2-1", "res": "100%" }, { "arg1": "#0", "arg2": "26%", "op": "minus2-2", "res": "74%" } ]

[ "contingencies we are exposed to certain known contingencies that are material to our investors .", "the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .", "these contingencies may have a material effect on our liquidity , capital resources or results of operations .", "in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .", "we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .", "we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .", "off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .", "contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: ." ]

[ "( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .", "( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .", "( 3 ) we are currently committed to invest $ 120 million in private equity funds .", "as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .", "( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .", "we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .", "due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .", "( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. ." ]

[ [ "(in millions)", "2019", "2020 - 2021", "2022 - 2023", "Thereafter", "Total" ], [ "Long-term debt, including interest⁽¹⁾", "$508", "$1,287", "$3,257", "$8,167", "$13,219" ], [ "Operating leases", "167", "244", "159", "119", "689" ], [ "Data acquisition", "289", "467", "135", "4", "895" ], [ "Purchase obligations⁽²⁾", "17", "22", "15", "8", "62" ], [ "Commitments to unconsolidated affiliates⁽³⁾", "—", "—", "—", "—", "—" ], [ "Benefit obligations⁽⁴⁾", "25", "27", "29", "81", "162" ], [ "Uncertain income tax positions⁽⁵⁾", "17", "—", "—", "—", "17" ], [ "Total", "$1,023", "$2,047", "$3,595", "$8,379", "$15,044" ] ]

[ [ "( in millions )", "2019", "2020 - 2021", "2022 - 2023", "thereafter", "total" ], [ "long-term debt including interest ( 1 )", "$ 508", "$ 1287", "$ 3257", "$ 8167", "$ 13219" ], [ "operating leases", "167", "244", "159", "119", "689" ], [ "data acquisition", "289", "467", "135", "4", "895" ], [ "purchase obligations ( 2 )", "17", "22", "15", "8", "62" ], [ "commitments to unconsolidated affiliates ( 3 )", "2014", "2014", "2014", "2014", "2014" ], [ "benefit obligations ( 4 )", "25", "27", "29", "81", "162" ], [ "uncertain income tax positions ( 5 )", "17", "2014", "2014", "2014", "17" ], [ "total", "$ 1023", "$ 2047", "$ 3595", "$ 8379", "$ 15044" ] ]

[]

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

[ "rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .", "when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .", "contingent rentals and sub-rentals are not significant. ." ]

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

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

[ { "arg1": "5457", "arg2": "1916", "op": "add1-1", "res": "7373" }, { "arg1": "498", "arg2": "168", "op": "add1-2", "res": "666" }, { "arg1": "#1", "arg2": "#0", "op": "divide1-3", "res": "9%" } ]

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

[ "at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .", "this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .", "drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .", "costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .", "additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .", "onshore dry-gas areas , which devon does not expect to develop in the next five years .", "the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .", "a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .", "at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .", "development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .", "processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .", "as a result , these reserves are classified as proved undeveloped for more than five years .", "currently , the development schedule for these reserves extends though the year 2031 .", "price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .", "of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .", "2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .", "of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .", "2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .", "the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .", "revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage ." ]

[ [ "", "U.S.", "Canada", "Total" ], [ "Proved undeveloped reserves as of December 31, 2012", "407", "433", "840" ], [ "Extensions and discoveries", "57", "38", "95" ], [ "Revisions due to prices", "1", "(10)", "(9)" ], [ "Revisions other than price", "(91)", "13", "(78)" ], [ "Conversion to proved developed reserves", "(116)", "(31)", "(147)" ], [ "Proved undeveloped reserves as of December 31, 2013", "258", "443", "701" ] ]

[ [ "", "u.s .", "canada", "total" ], [ "proved undeveloped reserves as of december 31 2012", "407", "433", "840" ], [ "extensions and discoveries", "57", "38", "95" ], [ "revisions due to prices", "1", "-10 ( 10 )", "-9 ( 9 )" ], [ "revisions other than price", "-91 ( 91 )", "13", "-78 ( 78 )" ], [ "conversion to proved developed reserves", "-116 ( 116 )", "-31 ( 31 )", "-147 ( 147 )" ], [ "proved undeveloped reserves as of december 31 2013", "258", "443", "701" ] ]

[ { "arg1": "9", "arg2": "78", "op": "add2-1", "res": "87" }, { "arg1": "78", "arg2": "#0", "op": "divide2-2", "res": "0.8966" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "89.66" } ]

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

[ "payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. ." ]

[ [ "", "December 31," ], [ "In millions of dollars", "2017", "2016" ], [ "Receivables from customers", "$19,215", "$10,374" ], [ "Receivables from brokers, dealers and clearing organizations", "19,169", "18,513" ], [ "Total brokerage receivables⁽¹⁾", "$38,384", "$28,887" ], [ "Payables to customers", "$38,741", "$37,237" ], [ "Payables to brokers, dealers and clearing organizations", "22,601", "19,915" ], [ "Total brokerage payables⁽¹⁾", "$61,342", "$57,152" ] ]

[ [ "in millions of dollars", "december 31 , 2017", "december 31 , 2016" ], [ "receivables from customers", "$ 19215", "$ 10374" ], [ "receivables from brokers dealers and clearing organizations", "19169", "18513" ], [ "total brokerage receivables ( 1 )", "$ 38384", "$ 28887" ], [ "payables to customers", "$ 38741", "$ 37237" ], [ "payables to brokers dealers and clearing organizations", "22601", "19915" ], [ "total brokerage payables ( 1 )", "$ 61342", "$ 57152" ] ]

[ { "arg1": "61342", "arg2": "57152", "op": "minus2-1", "res": "4190" }, { "arg1": "#0", "arg2": "57152", "op": "divide2-2", "res": "7.3%" } ]

[ "( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .", "joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .", "until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .", "( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .", "the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .", "the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .", "for more discussion , see part i , item 1a .", "risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .", "based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .", "the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .", "year gallons average price per gallon aircraft fuel expense percent of total operating expenses ." ]

[ "as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .", "as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .", "our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .", "fuel prices have fluctuated substantially over the past several years .", "we cannot predict the future availability , price volatility or cost of aircraft fuel .", "natural disasters ( including hurricanes or similar events in the u.s .", "southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .", "dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .", "see part i , item 1a .", "risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .", "continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .", "general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .", "therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. ." ]

[ [ "Year", "Gallons", "Average Priceper Gallon", "Aircraft FuelExpense", "Percent of TotalOperating Expenses" ], [ "2017", "4,352", "$1.73", "$7,510", "19.7%" ], [ "2016", "4,347", "1.42", "6,180", "17.7%" ], [ "2015", "4,323", "1.72", "7,456", "21.4%" ] ]

[ [ "year", "gallons", "average priceper gallon", "aircraft fuelexpense", "percent of totaloperating expenses" ], [ "2017", "4352", "$ 1.73", "$ 7510", "19.7% ( 19.7 % )" ], [ "2016", "4347", "1.42", "6180", "17.7% ( 17.7 % )" ], [ "2015", "4323", "1.72", "7456", "21.4% ( 21.4 % )" ] ]

[ { "arg1": "1.73", "arg2": "1.42", "op": "minus1-1", "res": "0.31" }, { "arg1": "#0", "arg2": "1.42", "op": "divide1-2", "res": "21.8%" } ]

[ "republic services , inc .", "notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .", "2006 incentive stock plan ( formerly known as the allied waste industries , inc .", "2006 incentive stock plan ( the 2006 plan ) ) .", "allied 2019s shareholders approved the 2006 plan in may 2006 .", "the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition .", "the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .", "awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition .", "no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants .", "we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier .", "expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option .", "the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option .", "we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options .", "when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes .", "the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: ." ]

[ "." ]

[ [ "", "2014", "2013", "2012" ], [ "Expected volatility", "27.5%", "28.9%", "27.8%" ], [ "Risk-free interest rate", "1.4%", "0.7%", "0.8%" ], [ "Dividend yield", "3.2%", "3.2%", "3.2%" ], [ "Expected life (in years)", "4.6", "4.5", "4.5" ], [ "Contractual life (in years)", "7.0", "7.0", "7.0" ] ]

[ [ "", "2014", "2013", "2012" ], [ "expected volatility", "27.5% ( 27.5 % )", "28.9% ( 28.9 % )", "27.8% ( 27.8 % )" ], [ "risk-free interest rate", "1.4% ( 1.4 % )", "0.7% ( 0.7 % )", "0.8% ( 0.8 % )" ], [ "dividend yield", "3.2% ( 3.2 % )", "3.2% ( 3.2 % )", "3.2% ( 3.2 % )" ], [ "expected life ( in years )", "4.6", "4.5", "4.5" ], [ "contractual life ( in years )", "7.0", "7.0", "7.0" ] ]

[ { "arg1": "5.74", "arg2": "5.27", "op": "minus1-1", "res": "0.47" }, { "arg1": "#0", "arg2": "5.27", "op": "divide1-2", "res": "8.9%" } ]

[ "table of contents 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 shareholder 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 , 2014 .", "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. ." ]

[ "." ]

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

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

[]

[ "to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .", "we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .", "at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .", "the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .", "cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .", "the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .", "shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .", "total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .", "during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .", "as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .", "awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 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 is accounted for as a liability until such awards are paid to the participants in cash .", "as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .", "incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock 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 .", "the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .", "these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .", "restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .", "beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .", "in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .", "however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .", "the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .", "the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .", "we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .", "table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value ." ]

[ "the pnc financial services group , inc .", "2013 form 10-k 185 ." ]

[ [ "Shares in thousands", "Nonvested Incentive/ Performance Unit Shares", "Weighted-AverageGrant DateFair Value", "Nonvested Restricted Stock/ Share Units", "Weighted-AverageGrant DateFair Value" ], [ "December 31, 2013", "1,647", "$63.49", "3,483", "$62.70" ], [ "Granted", "723", "79.90", "1,276", "81.29" ], [ "Vested/Released", "(513)", "63.64", "(962)", "62.32" ], [ "Forfeited", "(20)", "69.18", "(145)", "69.44" ], [ "December 31, 2014", "1,837", "$69.84", "3,652", "$69.03" ] ]

[ [ "shares in thousands december 31 2013", "nonvested incentive/ performance unit shares 1647", "weighted-averagegrant datefair value $ 63.49", "nonvested restricted stock/ share units 3483", "weighted-averagegrant datefair value $ 62.70" ], [ "granted", "723", "79.90", "1276", "81.29" ], [ "vested/released", "-513 ( 513 )", "63.64", "-962 ( 962 )", "62.32" ], [ "forfeited", "-20 ( 20 )", "69.18", "-145 ( 145 )", "69.44" ], [ "december 31 2014", "1837", "$ 69.84", "3652", "$ 69.03" ] ]

[]

[ "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" ] ]

[ { "arg1": "759", "arg2": "808", "op": "add1-1", "res": "1567" }, { "arg1": "#0", "arg2": "874", "op": "add1-2", "res": "2441" }, { "arg1": "#1", "arg2": "const_3", "op": "divide1-3", "res": "813.6" } ]

[ "table of contents item 1b .", "unresolved staff comments we have no unresolved sec staff comments to report .", "item 2 .", "properties as of december 31 , 2015 , we owned or leased 126 major manufacturing sites and 14 major technical centers .", "a manufacturing site may include multiple plants and may be wholly or partially owned or leased .", "we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .", "we have a presence in 44 countries .", "the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total ." ]

[ "in addition to these manufacturing sites , we had 14 major technical centers : four in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america .", "of our 126 major manufacturing sites and 14 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 77 are primarily owned and 63 are primarily leased .", "we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .", "we believe our evolving portfolio will meet current and anticipated future needs .", "item 3 .", "legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .", "it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .", "with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .", "however , the final amounts required to resolve these matters could differ materially from our recorded estimates .", "gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches .", "delphi received requests for information from , and cooperated with , various government agencies related to this ignition switch recall .", "in addition , delphi was initially named as a co-defendant along with gm ( and in certain cases other parties ) in class action and product liability lawsuits related to this matter .", "as of december 31 , 2015 , delphi was not named as a defendant in any class action complaints .", "although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2015 .", "unsecured creditors litigation the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) was entered into on july 12 , 2011 by the members of delphi automotive llp in order to position the company for its initial public offering .", "under the terms of the fourth llp agreement , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against dphh $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million .", "in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion .", "delphi considers cumulative ." ]

[ [ "", "North America", "Europe,Middle East& Africa", "Asia Pacific", "South America", "Total" ], [ "Electrical/Electronic Architecture", "30", "32", "25", "5", "92" ], [ "Powertrain Systems", "4", "10", "5", "2", "21" ], [ "Electronics and Safety", "3", "7", "3", "—", "13" ], [ "Total", "37", "49", "33", "7", "126" ] ]

[ [ "", "north america", "europemiddle east& africa", "asia pacific", "south america", "total" ], [ "electrical/electronic architecture", "30", "32", "25", "5", "92" ], [ "powertrain systems", "4", "10", "5", "2", "21" ], [ "electronics and safety", "3", "7", "3", "2014", "13" ], [ "total", "37", "49", "33", "7", "126" ] ]

[]

[ "compared with $ 6.2 billion in 2013 .", "operating profits in 2015 were significantly higher than in both 2014 and 2013 .", "excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .", "benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .", "in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .", "during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .", "the net book value of these assets at december 31 , 2013 was approximately $ 470 million .", "in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .", "we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .", "operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .", "printing papers ." ]

[ "north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .", "operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .", "sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .", "shipments to the domestic market increased , but export shipments declined .", "average sales price realizations decreased , primarily in the domestic market .", "input costs were lower , mainly for energy .", "planned maintenance downtime costs were $ 12 million higher in 2015 .", "operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .", "entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .", "average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .", "input costs are expected to be stable .", "planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .", "in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .", "h .", "glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .", "the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .", "in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .", "also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .", "in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .", "market had been injured by imports of the products .", "accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .", "we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .", "brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .", "operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .", "sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .", "average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .", "margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .", "raw material costs increased for energy and wood .", "operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. ." ]

[ [ "In millions", "2015", "2014", "2013" ], [ "Sales", "$5,031", "$5,720", "$6,205" ], [ "Operating Profit (Loss)", "533", "(16)", "271" ] ]

[ [ "in millions", "2015", "2014", "2013" ], [ "sales", "$ 5031", "$ 5720", "$ 6205" ], [ "operating profit ( loss )", "533", "-16 ( 16 )", "271" ] ]

[ { "arg1": "186", "arg2": "177", "op": "minus2-1", "res": "9" }, { "arg1": "#0", "arg2": "177", "op": "divide2-2", "res": "5.1%" } ]

[ "f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .", "even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .", "we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .", "results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 ." ]

[ "we generate freight revenues by transporting freight or other materials from our six commodity groups .", "freight revenues vary with volume ( carloads ) and arc .", "changes in price , traffic mix and fuel surcharges drive arc .", "we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .", "we recognize freight revenues as shipments move from origin to destination .", "we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .", "other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .", "we recognize other revenues as we perform services or meet contractual obligations .", "freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .", "revenue from agricultural products was down slightly compared to 2012 .", "arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .", "volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .", "freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .", "revenues from coal and agricultural products declined during the year .", "our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .", "arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .", "improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .", "our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .", "fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .", "rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .", "in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .", "in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .", "assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. ." ]

[ [ "<i>Millions</i>", "<i>2013</i>", "<i>2012</i>", "<i>2011</i>", "<i>% Change 2013 v 2012</i>", "<i>% Change 2012 v 2011</i>" ], [ "Freight revenues", "$20,684", "$19,686", "$18,508", "5%", "6%" ], [ "Other revenues", "1,279", "1,240", "1,049", "3", "18" ], [ "Total", "$21,963", "$20,926", "$19,557", "5%", "7%" ] ]

[ [ "millions", "2013", "2012", "2011", "% ( % ) change 2013 v 2012", "% ( % ) change 2012 v 2011" ], [ "freight revenues", "$ 20684", "$ 19686", "$ 18508", "5% ( 5 % )", "6% ( 6 % )" ], [ "other revenues", "1279", "1240", "1049", "3", "18" ], [ "total", "$ 21963", "$ 20926", "$ 19557", "5% ( 5 % )", "7% ( 7 % )" ] ]

[ { "arg1": "2.6", "arg2": "2.2", "op": "minus1-1", "res": ".4" }, { "arg1": "#0", "arg2": "2.2", "op": "divide1-2", "res": "18%" } ]

[ "eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .", "a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .", "option awards have an exercise price equal to the closing price of the company's stock on the date of grant .", "the term of options is ten years with vesting periods that vary up to three years .", "vesting usually occurs ratably or at the end of the vesting period .", "sfas no .", "123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .", "the fair value of the company's options cannot be determined by market value as they are not traded in an open market .", "accordingly , a financial pricing model is utilized to determine fair value .", "the company utilizes the black scholes merton ( \"bsm\" ) model which relies on certain assumptions to estimate an option's fair value .", "the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: ." ]

[ "prior to adoption of sfas no .", "123 ( r ) , the company calculated the expected term of stock options of six years .", "effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .", "the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .", "the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .", "the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .", "the company uses a weekly high closing stock price based upon daily closing prices in the week .", "the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .", "for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .", "the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .", "prior to adoption of sfas no .", "123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .", "with adoption of sfas no .", "123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .", "estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .", "estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. ." ]

[ [ "Assumptions", "2006", "2005", "2004" ], [ "Expected volatility rate", "21.40%", "22.90%", "28.00%" ], [ "Expected dividend yield", "3.24%", "3.29%", "3.80%" ], [ "Average risk-free interest rate", "4.62%", "4.48%", "3.46%" ], [ "Expected forfeiture rate", "0.75%", "Actual", "Actual" ], [ "Expected term years", "4.40", "5.00", "6.00" ] ]

[ [ "assumptions", "2006", "2005", "2004" ], [ "expected volatility rate", "21.40% ( 21.40 % )", "22.90% ( 22.90 % )", "28.00% ( 28.00 % )" ], [ "expected dividend yield", "3.24% ( 3.24 % )", "3.29% ( 3.29 % )", "3.80% ( 3.80 % )" ], [ "average risk-free interest rate", "4.62% ( 4.62 % )", "4.48% ( 4.48 % )", "3.46% ( 3.46 % )" ], [ "expected forfeiture rate", "0.75% ( 0.75 % )", "actual", "actual" ], [ "expected term years", "4.40", "5.00", "6.00" ] ]

[ { "arg1": "3.24", "arg2": "3.29", "op": "minus2-1", "res": "-.05" }, { "arg1": "#0", "arg2": "3.29", "op": "divide2-2", "res": "-1.5%" } ]

[ "stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: ." ]

[ "net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .", "investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .", "during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .", "the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .", "the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .", "133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .", "in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .", "the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .", "the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .", "as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .", "fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .", "the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .", "all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .", "using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .", "since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .", "equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .", "these equity securities are held for purposes other than trading .", "%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| ." ]

[ [ "", "2008", "2007", "2006" ], [ "Balance at January 1", "$—", "$16", "$2" ], [ "Increase (decrease) in fair value", "(9)", "(6)", "75" ], [ "Reclassifications to earnings", "2", "(10)", "(61)" ], [ "Balance at December 31", "$(7)", "$—", "$16" ] ]

[ [ "", "2008", "2007", "2006" ], [ "balance at january 1", "$ 2014", "$ 16", "$ 2" ], [ "increase ( decrease ) in fair value", "-9 ( 9 )", "-6 ( 6 )", "75" ], [ "reclassifications to earnings", "2", "-10 ( 10 )", "-61 ( 61 )" ], [ "balance at december 31", "$ -7 ( 7 )", "$ 2014", "$ 16" ] ]

[ { "arg1": "16", "arg2": "2", "op": "minus1-1", "res": "14" }, { "arg1": "#0", "arg2": "2", "op": "divide1-2", "res": "700%" } ]

[ "issuer purchases of equity securities ( registered pursuant to section 12 of the exchange act ) period number of shares purchased average price paid per share number of shares purchased as part of publicly announced plans or programs maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( millions ) ." ]

[ "( 1 ) the total number of shares purchased includes : ( i ) shares purchased under the board 2019s authorizations described above , and ( ii ) shares purchased in connection with the exercise of stock options ( which totaled 34068 shares in january 2007 , 20091 shares in february 2007 , 35772 shares in march 2007 , 71521 shares in april 2007 , 225419 shares in may 2007 , 74233 shares in june 2007 , 135951 shares in july 2007 , 82178 shares in august 2007 , 56964 shares in september 2007 , 13802 shares in october 2007 , 10375 shares in november 2007 , and 23112 shares in december 2007 ) . ." ]

[ [ "Period", "Total Number of Shares Purchased (1)", "Average Price Paid per Share", "Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs", "Maximum Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs (Millions)" ], [ "January 1-31, 2007", "1,311,268", "$76.33", "1,277,200", "$651" ], [ "February 1-28, 2007", "6,542,591", "$75.12", "6,522,500", "$6,731" ], [ "March 1-31, 2007", "8,187,472", "$75.59", "8,151,700", "$6,115" ], [ "Total January 1 — March 31, 2007", "16,041,331", "$75.46", "15,951,400", "$6,115" ], [ "April 1-30, 2007", "3,548,221", "$77.55", "3,476,700", "$5,846" ], [ "May 1-31, 2007", "4,428,219", "$85.84", "4,202,800", "$5,485" ], [ "June 1-30, 2007", "3,885,033", "$86.58", "3,810,800", "$5,155" ], [ "Total April 1 — June 30, 2007", "11,861,473", "$83.60", "11,490,300", "$5,155" ], [ "July 1-31, 2007", "1,646,251", "$89.01", "1,510,300", "$5,021" ], [ "August 1-31, 2007", "2,329,478", "$87.05", "2,247,300", "$4,825" ], [ "September 1-30, 2007", "2,086,564", "$90.24", "2,029,600", "$4,642" ], [ "Total July 1 — September 30, 2007", "6,062,293", "$88.68", "5,787,200", "$4,642" ], [ "October 1-31, 2007", "2,192,302", "$88.89", "2,178,500", "$4,448" ], [ "November 1-30, 2007", "1,702,375", "$82.35", "1,692,000", "$4,309" ], [ "December 1-31, 2007", "1,896,612", "$85.41", "1,873,500", "$4,149" ], [ "Total October 1 — Dec. 31, 2007", "5,791,289", "$85.83", "5,744,000", "$4,149" ], [ "Total January 1 — December 31, 2007", "39,756,386", "$81.42", "38,972,900", "$4,149" ] ]

[ [ "period", "total number of shares purchased ( 1 )", "average price paid per share", "total number of shares purchased as part of publicly announced plans or programs", "maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( millions )" ], [ "january 1-31 2007", "1311268", "$ 76.33", "1277200", "$ 651" ], [ "february 1-28 2007", "6542591", "$ 75.12", "6522500", "$ 6731" ], [ "march 1-31 2007", "8187472", "$ 75.59", "8151700", "$ 6115" ], [ "total january 1 2014 march 31 2007", "16041331", "$ 75.46", "15951400", "$ 6115" ], [ "april 1-30 2007", "3548221", "$ 77.55", "3476700", "$ 5846" ], [ "may 1-31 2007", "4428219", "$ 85.84", "4202800", "$ 5485" ], [ "june 1-30 2007", "3885033", "$ 86.58", "3810800", "$ 5155" ], [ "total april 1 2014 june 30 2007", "11861473", "$ 83.60", "11490300", "$ 5155" ], [ "july 1-31 2007", "1646251", "$ 89.01", "1510300", "$ 5021" ], [ "august 1-31 2007", "2329478", "$ 87.05", "2247300", "$ 4825" ], [ "september 1-30 2007", "2086564", "$ 90.24", "2029600", "$ 4642" ], [ "total july 1 2014 september 30 2007", "6062293", "$ 88.68", "5787200", "$ 4642" ], [ "october 1-31 2007", "2192302", "$ 88.89", "2178500", "$ 4448" ], [ "november 1-30 2007", "1702375", "$ 82.35", "1692000", "$ 4309" ], [ "december 1-31 2007", "1896612", "$ 85.41", "1873500", "$ 4149" ], [ "total october 1 2014 dec . 31 2007", "5791289", "$ 85.83", "5744000", "$ 4149" ], [ "total january 1 2014 december 31 2007", "39756386", "$ 81.42", "38972900", "$ 4149" ] ]

[ { "arg1": "39756386", "arg2": "38972900", "op": "minus1-1", "res": "783486" }, { "arg1": "#0", "arg2": "38972900", "op": "divide1-2", "res": "2%" } ]

[ "anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .", "a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .", "treasury securities or u.s .", "government agency securities .", "our exposure to risk is minimal given the nature of the investments .", "our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .", "based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .", "however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .", "net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .", "total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .", "net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .", "net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .", "we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .", "this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .", "as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .", "as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .", "we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .", "a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .", "valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .", "net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .", "our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .", "as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .", "each clearing firm is required to deposit and maintain specified performance bond collateral .", "performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .", "we accept a variety of collateral to satisfy performance bond requirements .", "cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .", "clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .", "the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .", "cash performance bonds and guaranty fund contributions consisted of the following at december 31: ." ]

[ "." ]

[ [ "(in millions)", "2010", "2009" ], [ "Cash performance bonds", "$3,717.0", "$5,834.6" ], [ "Cash guaranty fund contributions", "231.8", "102.6" ], [ "Cross-margin arrangements", "79.7", "10.6" ], [ "Performance collateral for delivery", "10.0", "34.1" ], [ "Total", "$4,038.5", "$5,981.9" ] ]

[ [ "( in millions )", "2010", "2009" ], [ "cash performance bonds", "$ 3717.0", "$ 5834.6" ], [ "cash guaranty fund contributions", "231.8", "102.6" ], [ "cross-margin arrangements", "79.7", "10.6" ], [ "performance collateral for delivery", "10.0", "34.1" ], [ "total", "$ 4038.5", "$ 5981.9" ] ]

[ { "arg1": "18.3", "arg2": "const_1000000", "op": "multiply1-1", "res": "18300000" }, { "arg1": "7.8", "arg2": "const_1000000", "op": "multiply1-2", "res": "7800000" }, { "arg1": "#1", "arg2": "const_1000", "op": "multiply1-3", "res": "7800000000" }, { "arg1": "#2", "arg2": "#0", "op": "minus1-4", "res": "7781700000" } ]

[ "result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape .", "however , we continue to believe in the long term growth potential of this market .", "we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .", "there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .", "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 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 ( 201cclia 201d ) .", "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 2008 through 2011 .", "year 2012 amounts represent our estimates ( see number 1 above ) .", "( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 .", "year 2012 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 .", "competition we compete with a number of cruise lines .", "our princi- pal 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 consumers 2019 leisure time .", "demand for such activities is influenced by political and general economic conditions .", "com- panies within the vacation market are dependent on consumer discretionary spending .", "operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm ." ]

[ [ "Year", "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", "Weighted-Average Supply of Berths Marketed in Europe⁽¹⁾" ], [ "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" ], [ "2012", "20,823,000", "425,000", "12,044,000", "254,000", "6,040,000", "152,000" ] ]

[ [ "year", "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", "weighted-average supply of berths marketed in europe ( 1 )" ], [ "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" ], [ "2012", "20823000", "425000", "12044000", "254000", "6040000", "152000" ] ]

[ { "arg1": "108000", "arg2": "102", "op": "divide1-1", "res": "1058.82" }, { "arg1": "156000", "arg2": "117", "op": "divide1-2", "res": "1333.33" }, { "arg1": "#1", "arg2": "#0", "op": "minus1-3", "res": "274.51" } ]

[ "corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) .", "this benefit was offset by higher employee-related costs and lower defined benefit plan income .", "( in millions ) 2016 2015 ." ]

[ "( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services .", "in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans .", "at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year .", "remeasurements due to plan amendments and settlements may also occur in interim periods during the year .", "remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition .", "liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate .", "our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets .", "our operating income is generated by our subsidiaries .", "there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands .", "in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock .", "our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis .", "there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors .", "we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value .", "however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise .", "our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a .", "risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility .", "this amendment and restatement of the credit agreement was a non-cash transaction for the company .", "terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement .", "the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes .", "on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively .", "at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero .", "interest rates under the facility are variable based on libor at the time of the ." ]

[ [ "<i>(In millions)</i>", "2016", "2015" ], [ "General and administrative expense", "$(80.9)", "$(70.1)" ], [ "Defined benefit plan income", "2.9", "6.1" ], [ "Defined benefit plan recognition of actuarial losses", "(1.9)", "(2.5)" ], [ "Norcraft transaction costs^(a)", "—", "(15.1)" ], [ "Total Corporate expenses", "$(79.9)", "$(81.6)" ] ]

[ [ "( in millions )", "2016", "2015" ], [ "general and administrative expense", "$ -80.9 ( 80.9 )", "$ -70.1 ( 70.1 )" ], [ "defined benefit plan income", "2.9", "6.1" ], [ "defined benefit plan recognition of actuarial losses", "-1.9 ( 1.9 )", "-2.5 ( 2.5 )" ], [ "norcraft transaction costs ( a )", "2014", "-15.1 ( 15.1 )" ], [ "total corporate expenses", "$ -79.9 ( 79.9 )", "$ -81.6 ( 81.6 )" ] ]

[ { "arg1": "80.9", "arg2": "70.1", "op": "minus1-1", "res": "10.8" }, { "arg1": "#0", "arg2": "70.1", "op": "divide1-2", "res": "15.4%" } ]

[ "vornado realty trust notes to consolidated financial statements ( continued ) 10 .", "redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .", "changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .", "below is a table summarizing the activity of redeemable noncontrolling interests .", "( amounts in thousands ) ." ]

[ "as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .", "redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .", "accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. ." ]

[ [ "Balance at December 31, 2008", "$1,177,978" ], [ "Net income", "25,120" ], [ "Distributions", "(42,451)" ], [ "Conversion of Class A units into common shares, at redemption value", "(90,955)" ], [ "Adjustment to carry redeemable Class A units at redemption value", "167,049" ], [ "Other, net", "14,887" ], [ "Balance at December 31, 2009", "$1,251,628" ], [ "Net income", "55,228" ], [ "Distributions", "(53,515)" ], [ "Conversion of Class A units into common shares, at redemption value", "(126,764)" ], [ "Adjustment to carry redeemable Class A units at redemption value", "191,826" ], [ "Redemption of Series D-12 redeemable units", "(13,000)" ], [ "Other, net", "22,571" ], [ "Balance at December 31, 2010", "$1,327,974" ] ]

[ [ "balance at december 31 2008", "$ 1177978" ], [ "net income", "25120" ], [ "distributions", "-42451 ( 42451 )" ], [ "conversion of class a units into common shares at redemption value", "-90955 ( 90955 )" ], [ "adjustment to carry redeemable class a units at redemption value", "167049" ], [ "other net", "14887" ], [ "balance at december 31 2009", "$ 1251628" ], [ "net income", "55228" ], [ "distributions", "-53515 ( 53515 )" ], [ "conversion of class a units into common shares at redemption value", "-126764 ( 126764 )" ], [ "adjustment to carry redeemable class a units at redemption value", "191826" ], [ "redemption of series d-12 redeemable units", "-13000 ( 13000 )" ], [ "other net", "22571" ], [ "balance at december 31 2010", "$ 1327974" ] ]

[ { "arg1": "1251628", "arg2": "1177978", "op": "minus1-1", "res": "73650" }, { "arg1": "#0", "arg2": "1177978", "op": "divide1-2", "res": "6.3%" } ]

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

[ "reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2014 , 2013 , and 2012 .", "the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .", "in addition , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2014 and 2013 , respectively , upon liquidation of a subsidiary .", "for additional information , see note 13 .", "benefit plans and note 15 .", "financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .", "note 18 .", "colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .", "the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .", "as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .", "at december 31 , 2014 and 2013 , pmi had $ 71 million and $ 74 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .", "these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .", "note 19 .", "rbh legal settlement : on july 31 , 2008 , rothmans inc .", "( \"rothmans\" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .", "( \"rbh\" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .", "the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period .", "rothmans' sole holding was a 60% ( 60 % ) interest in rbh .", "the remaining 40% ( 40 % ) interest in rbh was owned by pmi. ." ]

[ [ "(Losses) Earnings", "At December 31," ], [ "(in millions)", "2014", "2013", "2012" ], [ "Currency translation adjustments", "$(3,929)", "$(2,207)", "$(331)" ], [ "Pension and other benefits", "(3,020)", "(2,046)", "(3,365)" ], [ "Derivatives accounted for as hedges", "123", "63", "92" ], [ "Total accumulated other comprehensive losses", "$(6,826)", "$(4,190)", "$(3,604)" ] ]

[ [ "( losses ) earnings ( in millions )", "( losses ) earnings 2014", "( losses ) earnings 2013", "2012" ], [ "currency translation adjustments", "$ -3929 ( 3929 )", "$ -2207 ( 2207 )", "$ -331 ( 331 )" ], [ "pension and other benefits", "-3020 ( 3020 )", "-2046 ( 2046 )", "-3365 ( 3365 )" ], [ "derivatives accounted for as hedges", "123", "63", "92" ], [ "total accumulated other comprehensive losses", "$ -6826 ( 6826 )", "$ -4190 ( 4190 )", "$ -3604 ( 3604 )" ] ]

[ { "arg1": "71", "arg2": "74", "op": "minus2-1", "res": "3" }, { "arg1": "#0", "arg2": "74", "op": "divide2-2", "res": "4.1%" } ]

[ "the goldman sachs group , inc .", "and subsidiaries management 2019s discussion and analysis the risk committee of the board and the risk governance committee ( through delegated authority from the firmwide risk committee ) approve market risk limits and sub-limits at firmwide , business and product levels , consistent with our risk appetite statement .", "in addition , market risk management ( through delegated authority from the risk governance committee ) sets market risk limits and sub-limits at certain product and desk levels .", "the purpose of the firmwide limits is to assist senior management in controlling our overall risk profile .", "sub-limits are set below the approved level of risk limits .", "sub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval , effectively leaving day-to-day decisions to individual desk managers and traders .", "accordingly , sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance .", "sub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand , taking into account the relative performance of each area .", "our market risk limits are monitored daily by market risk management , which is responsible for identifying and escalating , on a timely basis , instances where limits have been exceeded .", "when a risk limit has been exceeded ( e.g. , due to positional changes or changes in market conditions , such as increased volatilities or changes in correlations ) , it is escalated to senior managers in market risk management and/or the appropriate risk committee .", "such instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit .", "model review and validation our var and stress testing models are regularly reviewed by market risk management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures , as well as variations in market conditions .", "prior to implementing significant changes to our assumptions and/or models , model risk management performs model validations .", "significant changes to our var and stress testing models are reviewed with our chief risk officer and chief financial officer , and approved by the firmwide risk committee .", "see 201cmodel risk management 201d for further information about the review and validation of these models .", "systems we have made a significant investment in technology to monitor market risk including : 2030 an independent calculation of var and stress measures ; 2030 risk measures calculated at individual position levels ; 2030 attribution of risk measures to individual risk factors of each position ; 2030 the ability to report many different views of the risk measures ( e.g. , by desk , business , product type or entity ) ; 2030 the ability to produce ad hoc analyses in a timely manner .", "metrics we analyze var at the firmwide level and a variety of more detailed levels , including by risk category , business , and region .", "the tables below present average daily var and period-end var , as well as the high and low var for the period .", "diversification effect in the tables below represents the difference between total var and the sum of the vars for the four risk categories .", "this effect arises because the four market risk categories are not perfectly correlated .", "the table below presents average daily var by risk category. ." ]

[ "our average daily var decreased to $ 54 million in 2017 from $ 63 million in 2016 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .", "the overall decrease was primarily due to lower levels of volatility .", "our average daily var decreased to $ 63 million in 2016 from $ 76 million in 2015 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .", "the overall decrease was primarily due to reduced exposures .", "goldman sachs 2017 form 10-k 91 ." ]

[ [ "", "Year Ended December" ], [ "<i>$ in millions</i>", "2017", "2016", "2015" ], [ "Interest rates", "$ 40", "$ 45", "$ 47" ], [ "Equity prices", "24", "25", "26" ], [ "Currency rates", "12", "21", "30" ], [ "Commodity prices", "13", "17", "20" ], [ "Diversification effect", "(35)", "(45)", "(47)" ], [ "Total", "$ 54", "$ 63", "$ 76" ] ]

[ [ "$ in millions", "year ended december 2017", "year ended december 2016", "year ended december 2015" ], [ "interest rates", "$ 40", "$ 45", "$ 47" ], [ "equity prices", "24", "25", "26" ], [ "currency rates", "12", "21", "30" ], [ "commodity prices", "13", "17", "20" ], [ "diversification effect", "-35 ( 35 )", "-45 ( 45 )", "-47 ( 47 )" ], [ "total", "$ 54", "$ 63", "$ 76" ] ]

[]

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

[ "." ]

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

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

[]

[ "were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .", "com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .", "coated papers and u.s .", "market pulp busi- nesses were offset by lower earnings in the u.s .", "un- coated papers and the european papers businesses .", "the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .", "this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .", "printing papers in millions 2005 2004 2003 ." ]

[ "uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .", "sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .", "favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .", "demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .", "however , prices stabilized as the year ended .", "total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .", "to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .", "demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .", "mill operations were favorable compared to last year , and the rebuild of the no .", "1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .", "however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .", "the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .", "average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .", "sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .", "earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .", "earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .", "coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .", "the business reported an operating profit in 2005 versus a small operating loss in 2004 .", "the earnings improvement was driven by higher average sales prices and improved mill operations .", "price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .", "higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .", "sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .", "market pulp sales from our u.s .", "and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .", "operating profits in 2005 were up 86% ( 86 % ) from 2004 .", "an operating loss had been reported in 2003 .", "higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .", "u.s .", "softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .", "softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .", "u.s .", "pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .", "euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .", "brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .", "sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .", "favorable currency translation , as yearly average real exchange rates versus the u.s .", "dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .", "dollars .", "average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .", "operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .", "earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. ." ]

[ [ "<i>In millions</i>", "2005", "2004", "2003" ], [ "Sales", "$7,860", "$7,670", "$7,280" ], [ "Operating Profit", "$552", "$581", "$464" ] ]

[ [ "in millions", "2005", "2004", "2003" ], [ "sales", "$ 7860", "$ 7670", "$ 7280" ], [ "operating profit", "$ 552", "$ 581", "$ 464" ] ]

[ { "arg1": "4.8", "arg2": "const_1000", "op": "multiply1-1", "res": "4800" }, { "arg1": "#0", "arg2": "7860", "op": "divide1-2", "res": "61%" } ]

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

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

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

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

[]

[ "notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .", "many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .", "rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .", "future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases ." ]

[ "we are party to a number of claims and lawsuits incidental to our business .", "in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .", "we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .", "during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .", "taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .", "as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .", "the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .", "bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .", "these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .", "certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .", "on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .", "as a result , their canadian visa sponsorship will expire in march 2011 .", "we are ." ]

[ [ "", "Operating Leases" ], [ "2011", "$9,856" ], [ "2012", "3,803" ], [ "2013", "2,538" ], [ "2014", "1,580" ], [ "2015", "928" ], [ "Thereafter", "1,428" ], [ "Total future minimum lease payments", "$20,133" ] ]

[ [ "", "operating leases" ], [ "2011", "$ 9856" ], [ "2012", "3803" ], [ "2013", "2538" ], [ "2014", "1580" ], [ "2015", "928" ], [ "thereafter", "1428" ], [ "total future minimum lease payments", "$ 20133" ] ]

[ { "arg1": "32.8", "arg2": "30.2", "op": "add1-1", "res": "63" }, { "arg1": "#0", "arg2": "30.4", "op": "add1-2", "res": "93.4" } ]

[ "during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .", "in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .", "the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .", "during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .", "note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .", "2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .", "amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .", "2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .", "there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .", "there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .", "a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .", "the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .", "2015 2014 2013 ( in millions ) ." ]

[ "we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .", "restricted stock and restricted stock units we grant restricted stock and restricted stock units .", "restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .", "restricted shares cannot be sold or transferred until they have vested .", "restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .", "restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .", "the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .", "performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .", "performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .", "the number of shares is dependent upon the achievement of certain performance measures during the performance period .", "the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .", "performance units are converted only after the compensation committee certifies performance based on pre-established goals .", "80 2013 global payments inc .", "| 2015 form 10-k annual report ." ]

[ [ "", "2015", "2014 (in millions)", "2013" ], [ "Share-based compensation expense", "$21.1", "$29.8", "$18.4" ], [ "Income tax benefit", "$(6.9)", "$(7.1)", "$(5.6)" ] ]

[ [ "", "2015", "2014 ( in millions )", "2013" ], [ "share-based compensation expense", "$ 21.1", "$ 29.8", "$ 18.4" ], [ "income tax benefit", "$ -6.9 ( 6.9 )", "$ -7.1 ( 7.1 )", "$ -5.6 ( 5.6 )" ] ]

[ { "arg1": "6.9", "arg2": "7.1", "op": "add2-1", "res": "14" }, { "arg1": "5.6", "arg2": "#0", "op": "add2-2", "res": "19.6" } ]

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

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

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

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

[ { "arg1": "1141879", "arg2": "450094", "op": "minus1-1", "res": "691785" }, { "arg1": "#0", "arg2": "450094", "op": "divide1-2", "res": "153.6%" } ]

[ "note 11 .", "commitments and contingencies commitments leases the company fffds corporate headquarters is located in danvers , massachusetts .", "this facility encompasses most of the company fffds u.s .", "operations , including research and development , manufacturing , sales and marketing and general and administrative departments .", "in october 2017 , the acquired its corporate headquarters for approximately $ 16.5 million and terminated its existing lease arrangement ( see note 6 ) .", "future minimum lease payments under non-cancelable leases as of march 31 , 2018 are approximately as follows : fiscal years ending march 31 , operating leases ( in $ 000s ) ." ]

[ "in february 2017 , the company entered into a lease agreement for an additional 21603 square feet of office space in danvers , massachusetts which expires on july 31 , 2022 .", "in december 2017 , the company entered into an amendment to this lease to extend the term through august 31 , 2025 and to add an additional 6607 square feet of space in which rent would begin around june 1 , 2018 .", "the amendment also allows the company a right of first offer to purchase the property from january 1 , 2018 through august 31 , 2035 , if the lessor decides to sell the building or receives an offer to purchase the building from a third-party buyer .", "in march 2018 , the company entered into an amendment to the lease to add an additional 11269 square feet of space for which rent will begin on or around june 1 , 2018 through august 31 , 2025 .", "the annual rent expense for this lease agreement is estimated to be $ 0.4 million .", "in september 2016 , the company entered into a lease agreement in berlin , germany which commenced in may 2017 and expires in may 2024 .", "the annual rent expense for the lease is estimated to be $ 0.3 million .", "in october 2016 , the company entered into a lease agreement for an office in tokyokk japan and expires in september 2021 .", "the office houses administrative , regulatory , and training personnel in connection with the company fffds commercial launch in japan .", "the annual rent expense for the lease is estimated to be $ 0.9 million .", "license agreements in april 2014 , the company entered into an exclusive license agreement for the rights to certain optical sensor technologies in the field of cardio-circulatory assist devices .", "pursuant to the terms of the license agreement , the company agreed to make potential payments of $ 6.0 million .", "through march 31 , 2018 , the company has made $ 3.5 million in milestones payments which included a $ 1.5 million upfront payment upon the execution of the agreement .", "any potential future milestone payment amounts have not been included in the contractual obligations table above due to the uncertainty related to the successful achievement of these milestones .", "contingencies from time to time , the company is involved in legal and administrative proceedings and claims of various types .", "in some actions , the claimants seek damages , as well as other relief , which , if granted , would require significant expenditures .", "the company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated .", "the company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate .", "if a matter is both probable to result in liability and the amount of loss can be reasonably estimated , the company estimates and discloses the possible loss or range of loss .", "if the loss is not probable or cannot be reasonably estimated , a liability is not recorded in its consolidated financial statements. ." ]

[ [ "Fiscal Years Ending March 31,", "Operating Leases (in $000s)" ], [ "2019", "$2,078" ], [ "2020", "1,888" ], [ "2021", "1,901" ], [ "2022", "1,408" ], [ "2023", "891" ], [ "Thereafter", "1,923" ], [ "Total minimum lease payments", "$10,089" ] ]

[ [ "fiscal years ending march 31,", "operating leases ( in $ 000s )" ], [ "2019", "$ 2078" ], [ "2020", "1888" ], [ "2021", "1901" ], [ "2022", "1408" ], [ "2023", "891" ], [ "thereafter", "1923" ], [ "total minimum lease payments", "$ 10089" ] ]

[ { "arg1": "1888", "arg2": "2078", "op": "minus1-1", "res": "-190" }, { "arg1": "#0", "arg2": "2078", "op": "divide1-2", "res": "-9.1%" } ]

[ "at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: ." ]

[ "( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .", "rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .", "guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .", "where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .", "environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .", "many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .", "while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .", "remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .", "international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .", "cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .", "during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .", "in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .", "the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .", "in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .", "in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .", "in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .", "it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .", "other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .", "other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .", "legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .", "the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .", "regis paper company ( st .", "regis ) .", "the company is a successor in interest to st .", "regis .", "although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .", "the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .", "as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .", "accordingly , it is premature to estimate a loss or range of loss with respect to this site .", "the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .", "the suit ." ]

[ [ "In millions", "2015", "2016", "2017", "2018", "2019", "Thereafter" ], [ "Lease obligations", "$142", "$106", "$84", "$63", "$45", "$91" ], [ "Purchase obligations (a)", "3,266", "761", "583", "463", "422", "1,690" ], [ "Total", "$3,408", "$867", "$667", "$526", "$467", "$1,781" ] ]

[ [ "in millions", "2015", "2016", "2017", "2018", "2019", "thereafter" ], [ "lease obligations", "$ 142", "$ 106", "$ 84", "$ 63", "$ 45", "$ 91" ], [ "purchase obligations ( a )", "3266", "761", "583", "463", "422", "1690" ], [ "total", "$ 3408", "$ 867", "$ 667", "$ 526", "$ 467", "$ 1781" ] ]

[ { "arg1": "154", "arg2": "168", "op": "add2-1", "res": "322" }, { "arg1": "185", "arg2": "#0", "op": "add2-2", "res": "507" } ]

[ "masco corporation notes to consolidated financial statements ( continued ) o .", "segment information ( continued ) ( 1 ) included in net sales were export sales from the u.s .", "of $ 229 million , $ 241 million and $ 246 million in 2012 , 2011 and 2010 , respectively .", "( 2 ) excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2012 , 2011 and 2010 .", "( 3 ) included in net sales were sales to one customer of $ 2143 million , $ 1984 million and $ 1993 million in 2012 , 2011 and 2010 , respectively .", "such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products .", "( 4 ) net sales from the company 2019s operations in the u.s .", "were $ 5793 million , $ 5394 million and $ 5618 million in 2012 , 2011 and 2010 , respectively .", "( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2012 , 2011 and 2010 excluded the results of businesses reported as discontinued operations in 2012 , 2011 and 2010 .", "( 6 ) included in segment operating profit ( loss ) for 2012 was an impairment charge for other intangible assets as follows : other specialty products 2013 $ 42 million .", "included in segment operating ( loss ) profit for 2011 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 44 million ; plumbing products 2013 $ 1 million ; decorative architectural products 2013 $ 75 million ; and other specialty products 2013 $ 374 million .", "included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 697 million .", "( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments .", "( 8 ) the charge for litigation settlement , net in 2012 primarily relates to a business in the installation and other services segment and in 2011 relates to business units in the cabinets and related products and the other specialty products segments .", "( 9 ) long-lived assets of the company 2019s operations in the u.s .", "and europe were $ 2795 million and $ 567 million , $ 2964 million and $ 565 million , and $ 3684 million and $ 617 million at december 31 , 2012 , 2011 and 2010 , respectively .", "( 10 ) segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years .", "p .", "severance costs as part of the company 2019s continuing review of its operations , actions were taken during 2012 , 2011 and 2010 to respond to market conditions .", "the company recorded charges related to severance and early retirement programs of $ 36 million , $ 17 million and $ 14 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively .", "such charges are principally reflected in the statement of operations in selling , general and administrative expenses and were paid when incurred .", "q .", "other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: ." ]

[ "other items , net , included realized foreign currency transaction losses of $ 2 million , $ 5 million and $ 2 million in 2012 , 2011 and 2010 , respectively , as well as other miscellaneous items. ." ]

[ [ "", "2012", "2011", "2010" ], [ "Income from cash and cash investments", "$6", "$8", "$6" ], [ "Other interest income", "1", "1", "1" ], [ "Income from financial investments, net (Note E)", "24", "73", "9" ], [ "Other items, net", "(4)", "(5)", "(9)" ], [ "Total other, net", "$27", "$77", "$7" ] ]

[ [ "", "2012", "2011", "2010" ], [ "income from cash and cash investments", "$ 6", "$ 8", "$ 6" ], [ "other interest income", "1", "1", "1" ], [ "income from financial investments net ( note e )", "24", "73", "9" ], [ "other items net", "-4 ( 4 )", "-5 ( 5 )", "-9 ( 9 )" ], [ "total other net", "$ 27", "$ 77", "$ 7" ] ]

[ { "arg1": "8", "arg2": "6", "op": "minus2-1", "res": "2" }, { "arg1": "#0", "arg2": "6", "op": "divide2-2", "res": "33.3%" } ]

[ "fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .", "the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. ." ]

[ "we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .", "we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .", "derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .", "the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .", "the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .", "the swap is classified as a fair value hedge under fas no .", "133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .", "133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .", "the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .", "the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .", "during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .", "treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .", "both swaps were designated as cash flow hedges under fas no .", "133 and were terminated upon pricing of the notes .", "both swaps were highly effective in offsetting fluctuations in the u.s .", "treasury component .", "thus , there was no net gain or loss reported in earnings during 2005 .", "the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .", "at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .", "historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .", "the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .", "these swaps are not accounted for as hedges under fas no .", "133 .", "the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .", "we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .", "during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .", "during 2005 , one swap was designated as a cash flow hedge under fas no .", "133 and was highly effective in offsetting interest rate fluctuations .", "the amount of the ineffectiveness is immaterial .", "the second swap entered into in 2005 did not qualify for hedge accounting .", "the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .", "these amounts are included in the gains from the sales of timeshare notes receivable .", "during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .", "the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .", "the forward exchange contracts do not qualify as hedges in accordance with fas no .", "133 .", "the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .", "we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .", "the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .", "dollars .", "during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .", "the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .", "these contracts have terms of less than one year and are classified as cash flow hedges .", "changes in their fair values are recorded as a component of other comprehensive income .", "the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .", "during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .", "thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .", "the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .", "as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .", "during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .", "one contract was designated as a hedge in the net investment of a foreign operation under fas no .", "133 .", "the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .", "certain contracts did not qualify as hedges under fas no .", "133 and resulted in a gain of $ 3 million for 2005 .", "the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .", "the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .", "contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .", "the guarantees generally have a stated maximum amount of funding and a term of five years or less .", "the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .", "the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .", "2 0 0 5 ." ]

[ [ "", "2005", "2004" ], [ "<i>($ in millions)</i>", "Carrying Amount", "Fair Value", "Carrying Amount", "Fair Value" ], [ "Notes and other long-term assets", "$1,374", "$1,412", "$1,702", "$1,770" ], [ "Long-term debt and other long-term liabilities", "$1,636", "$1,685", "$848", "$875" ], [ "Derivative instruments", "$6", "$6", "$—", "$—" ] ]

[ [ "( $ in millions )", "2005 carrying amount", "2005 fair value", "2005 carrying amount", "fair value" ], [ "notes and other long-term assets", "$ 1374", "$ 1412", "$ 1702", "$ 1770" ], [ "long-term debt and other long-term liabilities", "$ 1636", "$ 1685", "$ 848", "$ 875" ], [ "derivative instruments", "$ 6", "$ 6", "$ 2014", "$ 2014" ] ]

[]

[ "the weighted average grant date fair value of performance-based restricted stock units granted during the years 2008 and 2007 was $ 84.33 and $ 71.72 , respectively .", "the total fair value of performance-based restricted stock units vested during 2009 , 2008 and 2007 was $ 33712 , $ 49387 and $ 9181 , respectively .", "at september 30 , 2009 , the weighted average remaining vesting term of performance-based restricted stock units is 1.28 years .", "time-vested restricted stock units time-vested restricted stock units generally cliff vest three years after the date of grant , except for certain key executives of the company , including the executive officers , for which such units generally vest one year following the employee 2019s retirement .", "the related share-based compensation expense is recorded over the requisite service period , which is the vesting period or in the case of certain key executives is based on retirement eligibility .", "the fair value of all time-vested restricted stock units is based on the market value of the company 2019s stock on the date of grant .", "a summary of time-vested restricted stock units outstanding as of september 30 , 2009 , and changes during the year then ended is as follows : weighted average grant date fair value ." ]

[ "the weighted average grant date fair value of time-vested restricted stock units granted during the years 2008 and 2007 was $ 84.42 and $ 72.20 , respectively .", "the total fair value of time-vested restricted stock units vested during 2009 , 2008 and 2007 was $ 29535 , $ 26674 and $ 3392 , respectively .", "at september 30 , 2009 , the weighted average remaining vesting term of the time-vested restricted stock units is 1.71 years .", "the amount of unrecognized compensation expense for all non-vested share-based awards as of september 30 , 2009 , is approximately $ 97034 , which is expected to be recognized over a weighted-average remaining life of approximately 2.02 years .", "at september 30 , 2009 , 4295402 shares were authorized for future grants under the 2004 plan .", "the company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury .", "at september 30 , 2009 , the company has sufficient shares held in treasury to satisfy these payments in 2010 .", "other stock plans the company has a stock award plan , which allows for grants of common shares to certain key employees .", "distribution of 25% ( 25 % ) or more of each award is deferred until after retirement or involuntary termination , upon which the deferred portion of the award is distributable in five equal annual installments .", "the balance of the award is distributable over five years from the grant date , subject to certain conditions .", "in february 2004 , this plan was terminated with respect to future grants upon the adoption of the 2004 plan .", "at september 30 , 2009 and 2008 , awards for 114197 and 161145 shares , respectively , were outstanding .", "becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "", "Stock Units", "Weighted Average Grant Date Fair Value" ], [ "Balance at October 1", "1,570,329", "$69.35" ], [ "Granted", "618,679", "62.96" ], [ "Distributed", "(316,839)", "60.32" ], [ "Forfeited or canceled", "(165,211)", "62.58" ], [ "Balance at September 30", "1,706,958", "$69.36" ], [ "Expected to vest at September 30", "1,536,262", "$69.36" ] ]

[ [ "", "stock units", "weighted average grant date fair value" ], [ "balance at october 1", "1570329", "$ 69.35" ], [ "granted", "618679", "62.96" ], [ "distributed", "-316839 ( 316839 )", "60.32" ], [ "forfeited or canceled", "-165211 ( 165211 )", "62.58" ], [ "balance at september 30", "1706958", "$ 69.36" ], [ "expected to vest at september 30", "1536262", "$ 69.36" ] ]

[ { "arg1": "165211", "arg2": "316839", "op": "add2-1", "res": "482050" }, { "arg1": "618679", "arg2": "#0", "op": "divide2-2", "res": "1.28" } ]

[ "we monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs .", "we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities .", "if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper .", "since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly .", "cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: ." ]

[ "non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization .", "our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 .", "we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts .", "we also have significant borrowing capacity under our credit facility should we need additional working capital .", "investing activities cash flows acquisition of a business , net of cash acquired .", "cash outflows of $ 2392 million in 2016 were due to the starwood combination .", "see footnote 3 .", "dispositions and acquisitions for more information .", "capital expenditures and other investments .", "we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 .", "capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties .", "capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination .", "we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) .", "over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements .", "the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets .", "we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations .", "in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement .", "we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments .", "over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements .", "fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure .", "dispositions .", "property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 .", "see footnote 3 .", "dispositions and acquisitions for more information on dispositions. ." ]

[ [ "($ in millions)", "2018", "2017", "2016" ], [ "Cash from operations", "$2,357", "$2,227", "$1,619" ], [ "Non-cash items⁽¹⁾", "287", "1,397", "514" ] ]

[ [ "( $ in millions )", "2018", "2017", "2016" ], [ "cash from operations", "$ 2357", "$ 2227", "$ 1619" ], [ "non-cash items ( 1 )", "287", "1397", "514" ] ]

[]

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

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

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

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

[]

[ "during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .", "as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .", "stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .", "the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .", "annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .", "a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: ." ]

[ "weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .", "as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .", "for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .", "we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .", "the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .", "a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .", "the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .", "as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .", "during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .", "2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .", "2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .", "the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .", "in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .", "the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .", "substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on ." ]

[ [ "", "2013", "2012", "2011" ], [ "Balance at beginning of year", "2,804,901", "2,912,456", "2,728,290" ], [ "Granted", "192,563", "92,729", "185,333" ], [ "Cancelled", "(3,267)", "(200,284)", "(1,167)" ], [ "Balance at end of year", "2,994,197", "2,804,901", "2,912,456" ], [ "Vested during the year", "21,074", "408,800", "66,299" ], [ "Compensation expense recorded", "$6,713,155", "$6,930,381", "$17,365,401" ], [ "Weighted average fair value of restricted stock granted during the year", "$17,386,949", "$7,023,942", "$21,768,084" ] ]

[ [ "", "2013", "2012", "2011" ], [ "balance at beginning of year", "2804901", "2912456", "2728290" ], [ "granted", "192563", "92729", "185333" ], [ "cancelled", "-3267 ( 3267 )", "-200284 ( 200284 )", "-1167 ( 1167 )" ], [ "balance at end of year", "2994197", "2804901", "2912456" ], [ "vested during the year", "21074", "408800", "66299" ], [ "compensation expense recorded", "$ 6713155", "$ 6930381", "$ 17365401" ], [ "weighted average fair value of restricted stock granted during the year", "$ 17386949", "$ 7023942", "$ 21768084" ] ]

[]

[ "advance auto parts , inc .", "and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .", "2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .", "furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .", "asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .", "the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .", "3 .", "inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .", "under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .", "the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .", "the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .", "in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .", "product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .", "product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .", "because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .", "inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .", "inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 ." ]

[ "inventory quantities are tracked through a perpetual inventory system .", "the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .", "in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .", "reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. ." ]

[ [ "", "December 28,2013", "December 29,2012" ], [ "Inventories at FIFO, net", "$2,424,795", "$2,182,419" ], [ "Adjustments to state inventories at LIFO", "131,762", "126,190" ], [ "Inventories at LIFO, net", "$2,556,557", "$2,308,609" ] ]

[ [ "", "december 282013", "december 292012" ], [ "inventories at fifo net", "$ 2424795", "$ 2182419" ], [ "adjustments to state inventories at lifo", "131762", "126190" ], [ "inventories at lifo net", "$ 2556557", "$ 2308609" ] ]

[ { "arg1": "24087", "arg2": "5572", "op": "add1-1", "res": "29659" }, { "arg1": "24708", "arg2": "#0", "op": "minus1-2", "res": "-4951" } ]

[ "intel corporation notes to consolidated financial statements ( continued ) note 16 : other comprehensive income ( loss ) the changes in accumulated other comprehensive income ( loss ) by component and related tax effects for each period were as follows : ( in millions ) unrealized holding ( losses ) on available- for-sale investments deferred tax asset valuation allowance unrealized holding ( losses ) on derivatives service credits ( costs ) actuarial ( losses ) foreign currency translation adjustment total ." ]

[ "." ]

[ [ "(In Millions)", "Unrealized Holding Gains (Losses) on Available-for-Sale Investments", "Deferred Tax Asset Valuation Allowance", "Unrealized Holding Gains (Losses) on Derivatives", "Prior Service Credits (Costs)", "Actuarial Gains (Losses)", "Foreign Currency Translation Adjustment", "Total" ], [ "December 27, 2014", "$2,459", "$26", "$(423)", "$(47)", "$(1,004)", "$(345)", "$666" ], [ "Other comprehensive income (loss) before reclassifications", "(999)", "—", "(298)", "(2)", "73", "(187)", "(1,413)" ], [ "Amounts reclassified out of accumulated other comprehensive income (loss)", "(93)", "—", "522", "10", "67", "—", "506" ], [ "Tax effects", "382", "(18)", "(67)", "(1)", "(12)", "17", "301" ], [ "Other comprehensive income (loss)", "(710)", "(18)", "157", "7", "128", "(170)", "(606)" ], [ "December 26, 2015", "1,749", "8", "(266)", "(40)", "(876)", "(515)", "60" ], [ "Other comprehensive income (loss) before reclassifications", "1,170", "—", "(26)", "—", "(680)", "(4)", "460" ], [ "Amounts reclassified out of accumulated other comprehensive income (loss)", "(530)", "—", "38", "—", "170", "—", "(322)" ], [ "Tax effects", "(225)", "(8)", "(5)", "—", "146", "—", "(92)" ], [ "Other comprehensive income (loss)", "415", "(8)", "7", "—", "(364)", "(4)", "46" ], [ "December 31, 2016", "$2,164", "$—", "$(259)", "$(40)", "$(1,240)", "$(519)", "$106" ] ]

[ [ "( in millions )", "unrealized holding gains ( losses ) on available-for-sale investments", "deferred tax asset valuation allowance", "unrealized holding gains ( losses ) on derivatives", "prior service credits ( costs )", "actuarial gains ( losses )", "foreign currency translation adjustment", "total" ], [ "december 27 2014", "$ 2459", "$ 26", "$ -423 ( 423 )", "$ -47 ( 47 )", "$ -1004 ( 1004 )", "$ -345 ( 345 )", "$ 666" ], [ "other comprehensive income ( loss ) before reclassifications", "-999 ( 999 )", "2014", "-298 ( 298 )", "-2 ( 2 )", "73", "-187 ( 187 )", "-1413 ( 1413 )" ], [ "amounts reclassified out of accumulated other comprehensive income ( loss )", "-93 ( 93 )", "2014", "522", "10", "67", "2014", "506" ], [ "tax effects", "382", "-18 ( 18 )", "-67 ( 67 )", "-1 ( 1 )", "-12 ( 12 )", "17", "301" ], [ "other comprehensive income ( loss )", "-710 ( 710 )", "-18 ( 18 )", "157", "7", "128", "-170 ( 170 )", "-606 ( 606 )" ], [ "december 26 2015", "1749", "8", "-266 ( 266 )", "-40 ( 40 )", "-876 ( 876 )", "-515 ( 515 )", "60" ], [ "other comprehensive income ( loss ) before reclassifications", "1170", "2014", "-26 ( 26 )", "2014", "-680 ( 680 )", "-4 ( 4 )", "460" ], [ "amounts reclassified out of accumulated other comprehensive income ( loss )", "-530 ( 530 )", "2014", "38", "2014", "170", "2014", "-322 ( 322 )" ], [ "tax effects", "-225 ( 225 )", "-8 ( 8 )", "-5 ( 5 )", "2014", "146", "2014", "-92 ( 92 )" ], [ "other comprehensive income ( loss )", "415", "-8 ( 8 )", "7", "2014", "-364 ( 364 )", "-4 ( 4 )", "46" ], [ "december 31 2016", "$ 2164", "$ 2014", "$ -259 ( 259 )", "$ -40 ( 40 )", "$ -1240 ( 1240 )", "$ -519 ( 519 )", "$ 106" ] ]

[]

[ "affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .", "net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .", "net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .", "net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .", "net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .", "net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .", "net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .", "our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .", "the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .", "2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .", "selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .", "selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .", "selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .", "the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: ." ]

[ "operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .", "operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .", "operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs .", ".......................................................... .", ".................................................................. .", "..................................... .", "........................................................ .", "............................................ .", "............................................. ." ]

[ [ "", "2017", "2016", "2015" ], [ "Operating profit, as reported", "$1,169", "$1,053", "$914" ], [ "Rationalization charges", "4", "22", "18" ], [ "Gain from sale of property and equipment", "—", "—", "(5)" ], [ "Operating profit, as adjusted", "$1,173", "$1,075", "$927" ], [ "Operating profit margins, as reported", "15.3%", "14.3%", "12.8%" ], [ "Operating profit margins, as adjusted", "15.3%", "14.6%", "13.0%" ] ]

[ [ "", "2017", "2016", "2015" ], [ "operating profit as reported", "$ 1169", "$ 1053", "$ 914" ], [ "rationalization charges", "4", "22", "18" ], [ "gain from sale of property and equipment", "2014", "2014", "-5 ( 5 )" ], [ "operating profit as adjusted", "$ 1173", "$ 1075", "$ 927" ], [ "operating profit margins as reported", "15.3% ( 15.3 % )", "14.3% ( 14.3 % )", "12.8% ( 12.8 % )" ], [ "operating profit margins as adjusted", "15.3% ( 15.3 % )", "14.6% ( 14.6 % )", "13.0% ( 13.0 % )" ] ]

[ { "arg1": "34.2", "arg2": "33.4", "op": "minus2-1", "res": "0.8" }, { "arg1": "#0", "arg2": "33.4", "op": "divide2-2", "res": "2.4%" } ]

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

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

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

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

[ { "arg1": "214112", "arg2": "204866", "op": "divide2-1", "res": "9246" }, { "arg1": "#0", "arg2": "204866", "op": "divide2-2", "res": "4.5%" } ]

[ "equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2012 .", "equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 3946111 $ 34.67 3608527 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 ." ]

[ "( 1 ) includes grants made under the huntington ingalls industries , inc .", "2012 long-term incentive stock plan ( the \"2012 plan\" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .", "2011 long-term incentive stock plan ( the \"2011 plan\" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .", "of these shares , 1166492 were subject to stock options , 2060138 were subject to outstanding restricted performance stock rights , 641556 were restricted stock rights , and 63033 were stock rights granted under the 2011 plan .", "in addition , this number includes 9129 stock rights and 5763 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .", "( 2 ) this is the weighted average exercise price of the 1166492 outstanding stock options only .", "( 3 ) there are no awards made under plans not approved by security holders .", "item 13 .", "certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year .", "item 14 .", "principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. ." ]

[ [ "Plan category", "Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights⁽¹⁾ (a)(b)", "Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights⁽²⁾", "Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c)" ], [ "Equity compensation plans approved by security holders", "3,946,111", "$34.67", "3,608,527" ], [ "Equity compensation plans not approved by security holders⁽³⁾", "—", "—", "—" ], [ "Total", "3,946,111", "$34.67", "3,608,527" ] ]

[ [ "plan category", "number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )", "weighted-average exercise price of outstanding optionswarrants and rights ( 2 )", "number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )" ], [ "equity compensation plans approved by security holders", "3946111", "$ 34.67", "3608527" ], [ "equity compensation plans not approved by security holders ( 3 )", "2014", "2014", "2014" ], [ "total", "3946111", "$ 34.67", "3608527" ] ]

[ { "arg1": "3946111", "arg2": "3608527", "op": "add2-1", "res": "7554638" }, { "arg1": "3946111", "arg2": "#0", "op": "divide2-2", "res": "52.2%" } ]

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

[ "the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector .", "billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors .", "the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers .", "summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 .", "the amortization of these capacity charges began in june 2002 and ended in may 2003 .", "the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales .", "fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates .", "entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds .", "these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 .", "gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .", "the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase .", "fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above .", "other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 .", "the amortization of these charges began in june 2002 and ended in may 2003 .", "2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .", "following is an analysis of the change in net revenue comparing 2003 to 2002. ." ]

[ [ "", "(In Millions)" ], [ "2003 net revenue", "$1,110.1" ], [ "Volume/weather", "26.7" ], [ "Net wholesale revenue", "13.0" ], [ "Summer capacity charges", "5.5" ], [ "Price applied to unbilled sales", "4.8" ], [ "Fuel recovery revenues", "(14.2)" ], [ "Other", "3.9" ], [ "2004 net revenue", "$1,149.8" ] ]

[ [ "", "( in millions )" ], [ "2003 net revenue", "$ 1110.1" ], [ "volume/weather", "26.7" ], [ "net wholesale revenue", "13.0" ], [ "summer capacity charges", "5.5" ], [ "price applied to unbilled sales", "4.8" ], [ "fuel recovery revenues", "-14.2 ( 14.2 )" ], [ "other", "3.9" ], [ "2004 net revenue", "$ 1149.8" ] ]

[ { "arg1": "1149.8", "arg2": "1110.1", "op": "minus1-1", "res": "39.7" }, { "arg1": "#0", "arg2": "1110.1", "op": "divide1-2", "res": "3.58%" } ]

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

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

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

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

[ { "arg1": "1552", "arg2": "1318", "op": "minus1-1", "res": "234" }, { "arg1": "#0", "arg2": "1318", "op": "divide1-2", "res": "17.8%" } ]

[ "the following table presents the estimated future amortization of deferred stock compensation reported in both cost of revenue and operating expenses : fiscal year ( in thousands ) ." ]

[ "impairment of intangible assets .", "in fiscal 2002 , we recognized an aggregate impairment charge of $ 3.8 million to reduce the amount of certain intangible assets associated with prior acquisitions to their estimated fair value .", "approximately $ 3.7 million and $ 0.1 million are included in integration expense and amortization of intangible assets , respectively , on the consolidated statement of operations .", "the impairment charge is primarily attributable to certain technology acquired from and goodwill related to the acquisition of stanza , inc .", "( stanza ) in 1999 .", "during fiscal 2002 , we determined that we would not allocate future resources to assist in the market growth of this technology as products acquired in the merger with avant! provided customers with superior capabilities .", "as a result , we do not anticipate any future sales of the stanza product .", "in fiscal 2001 , we recognized an aggregate impairment charge of $ 2.2 million to reduce the amount of certain intangible assets associated with prior acquisitions to their estimated fair value .", "approximately $ 1.8 million and $ 0.4 million are included in cost of revenues and amortization of intangible assets , respectively , on the consolidated statement of operations .", "the impairment charge is attributable to certain technology acquired from and goodwill related to the acquisition of eagle design automation , inc .", "( eagle ) in 1997 .", "during fiscal 2001 , we determined that we would not allocate future resources to assist in the market growth of this technology .", "as a result , we do not anticipate any future sales of the eagle product .", "there were no impairment charges during fiscal 2003 .", "other ( expense ) income , net .", "other income , net was $ 24.1 million in fiscal 2003 and consisted primarily of ( i ) realized gain on investments of $ 20.7 million ; ( ii ) rental income of $ 6.3 million ; ( iii ) interest income of $ 5.2 million ; ( iv ) impairment charges related to certain assets in our venture portfolio of ( $ 4.5 ) million ; ( vii ) foundation contributions of ( $ 2.1 ) million ; and ( viii ) interest expense of ( $ 1.6 ) million .", "other ( expense ) , net of other income was ( $ 208.6 ) million in fiscal 2002 and consisted primarily of ( i ) ( $ 240.8 ) million expense due to the settlement of the cadence design systems , inc .", "( cadence ) litigation ; ( ii ) ( $ 11.3 ) million in impairment charges related to certain assets in our venture portfolio ; ( iii ) realized gains on investments of $ 22.7 million ; ( iv ) a gain of $ 3.1 million for the termination fee on the ikos systems , inc .", "( ikos ) merger agreement ; ( v ) rental income of $ 10.0 million ; ( vi ) interest income of $ 8.3 million ; and ( vii ) and other miscellaneous expenses including amortization of premium forwards and foreign exchange gains and losses recognized during the fiscal year of ( $ 0.6 ) million .", "other income , net was $ 83.8 million in fiscal 2001 and consisted primarily of ( i ) a gain of $ 10.6 million on the sale of our silicon libraries business to artisan components , inc. ; ( ii ) ( $ 5.8 ) million in impairment charges related to certain assets in our venture portfolio ; ( iii ) realized gains on investments of $ 55.3 million ; ( iv ) rental income of $ 8.6 million ; ( v ) interest income of $ 12.8 million ; and ( vi ) other miscellaneous income including amortization of premium forwards and foreign exchange gains and losses recognized during the fiscal year of $ 2.3 million .", "termination of agreement to acquire ikos systems , inc .", "on july 2 , 2001 , we entered into an agreement and plan of merger and reorganization ( the ikos merger agreement ) with ikos systems , inc .", "the ikos merger agreement provided for the acquisition of all outstanding shares of ikos common stock by synopsys. ." ]

[ [ "Fiscal Year", "<i>(in thousands)</i>" ], [ "2004", "$3,677" ], [ "2005", "2,403" ], [ "2006", "840" ], [ "2007", "250" ], [ "Total estimated future amortization of deferred stock compensation", "$7,170" ] ]

[ [ "fiscal year", "( in thousands )" ], [ "2004", "$ 3677" ], [ "2005", "2403" ], [ "2006", "840" ], [ "2007", "250" ], [ "total estimated future amortization of deferred stock compensation", "$ 7170" ] ]

[ { "arg1": "2403", "arg2": "3677", "op": "minus1-1", "res": "-1274" }, { "arg1": "#0", "arg2": "3677", "op": "divide1-2", "res": "-34.65%" } ]

[ "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" ] ]

[]

[ "long-term product offerings include active and index strategies .", "our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile .", "we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction .", "in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index .", "index strategies include both our non-etf index products and ishares etfs .", "althoughmany clients use both active and index strategies , the application of these strategies may differ .", "for example , clients may use index products to gain exposure to a market or asset class .", "in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates .", "this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings .", "equity year-end 2014 equity aum of $ 2.451 trillion increased by $ 133.4 billion , or 6% ( 6 % ) , from the end of 2013 due to net new business of $ 52.4 billion and net market appreciation and foreign exchange movements of $ 81.0 billion .", "net inflows were driven by $ 59.6 billion and $ 17.7 billion into ishares and non-etf index accounts , respectively .", "index inflows were offset by active net outflows of $ 24.9 billion , with outflows of $ 18.0 billion and $ 6.9 billion from fundamental and scientific active equity products , respectively .", "blackrock 2019s effective fee rates fluctuate due to changes in aummix .", "approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s .", "equity strategies .", "accordingly , fluctuations in international equity markets , which do not consistently move in tandemwith u.s .", "markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues .", "fixed income fixed income aum ended 2014 at $ 1.394 trillion , increasing $ 151.5 billion , or 12% ( 12 % ) , from december 31 , 2013 .", "the increase in aum reflected $ 96.4 billion in net new business and $ 55.1 billion in net market appreciation and foreign exchange movements .", "in 2014 , net new business was diversified across fixed income offerings , with strong flows into our unconstrained , total return and high yield products .", "flagship funds in these product areas include our unconstrained strategic income opportunities and fixed income global opportunities funds , with net inflows of $ 13.3 billion and $ 4.2 billion , respectively ; our total return fund with net inflows of $ 2.1 billion ; and our high yield bond fund with net inflows of $ 2.1 billion .", "fixed income net inflows were positive across investment styles , with ishares , non- etf index , and active net inflows of $ 40.0 billion , $ 28.7 billion and $ 27.7 billion , respectively .", "multi-asset class blackrock 2019s multi-asset class teammanages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities .", "investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays .", "component changes in multi-asset class aum for 2014 are presented below .", "( in millions ) december 31 , 2013 net inflows ( outflows ) market change fx impact december 31 , 2014 ." ]

[ "flows reflected ongoing institutional demand for our solutions-based advice with $ 15.1 billion , or 52% ( 52 % ) , of net inflows coming from institutional clients .", "defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 12.8 billion to institutional multi- asset class net new business in 2014 , primarily into target date and target risk product offerings .", "retail net inflows of $ 13.4 billion were driven by particular demand for our multi- asset income fund , which raised $ 6.3 billion in 2014 .", "the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 48% ( 48 % ) of multi-asset class aum at year-end , with growth in aum driven by net new business of $ 18.4 billion .", "these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget .", "in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions .", "flagship products in this category include our global allocation andmulti-asset income suites .", "2022 target date and target risk products grew 10% ( 10 % ) organically in 2014 .", "institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum .", "the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments .", "flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings .", "lifepath products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing .", "2022 fiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain blackrock to assume responsibility for some or all aspects of planmanagement .", "these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives. ." ]

[ [ "<i>(in millions)</i>", "December 31, 2013", "Net Inflows (Outflows)", "Market Change", "FX Impact", "December 31, 2014" ], [ "Asset allocation and balanced", "$169,604", "$18,387", "$(827)", "$(4,132)", "$183,032" ], [ "Target date/risk", "111,408", "10,992", "7,083", "(872)", "128,611" ], [ "Fiduciary", "60,202", "(474)", "14,788", "(8,322)", "66,194" ], [ "Multi-asset", "$341,214", "$28,905", "$21,044", "$(13,326)", "$377,837" ] ]

[ [ "( in millions )", "december 31 2013", "net inflows ( outflows )", "market change", "fx impact", "december 31 2014" ], [ "asset allocation and balanced", "$ 169604", "$ 18387", "$ -827 ( 827 )", "$ -4132 ( 4132 )", "$ 183032" ], [ "target date/risk", "111408", "10992", "7083", "-872 ( 872 )", "128611" ], [ "fiduciary", "60202", "-474 ( 474 )", "14788", "-8322 ( 8322 )", "66194" ], [ "multi-asset", "$ 341214", "$ 28905", "$ 21044", "$ -13326 ( 13326 )", "$ 377837" ] ]

[ { "arg1": "377837", "arg2": "13326", "op": "minus2-1", "res": "391163" }, { "arg1": "377837", "arg2": "#0", "op": "divide2-2", "res": ".966" }, { "arg1": "const_1", "arg2": "#1", "op": "minus2-3", "res": ".034" } ]

[ "fidelity national information services , inc .", "and subsidiaries notes to consolidated financial statements - ( continued ) contingent consideration liabilities recorded in connection with business acquisitions must also be adjusted for changes in fair value until settled .", "see note 3 for discussion of the capital markets company bvba ( \"capco\" ) contingent consideration liability .", "( d ) derivative financial instruments the company accounts for derivative financial instruments in accordance with financial accounting standards board accounting standards codification ( 201cfasb asc 201d ) topic 815 , derivatives and hedging .", "during 2016 , 2015 and 2014 , the company engaged in g hedging activities relating to its variable rate debt through the use of interest rate swaps .", "the company designates these interest rate swaps as cash flow hedges .", "the estimated fair values of the cash flow hedges are determined using level 2 type measurements .", "thh ey are recorded as an asset or liability of the company and are included in the accompanying consolidated balance sheets in prepaid expenses and other current assets , other non-current assets , accounts payable and accrued liabilities or other long-term liabilities , as appropriate , and as a component of accumulated other comprehensive earnings , net of deferred taxes .", "a portion of the amount included in accumulated other comprehensive earnings is recorded in interest expense as a yield adjustment as interest payments are made on then company 2019s term and revolving loans ( note 10 ) .", "the company 2019s existing cash flow hedge is highly effective and there was no impact on 2016 earnings due to hedge ineffectiveness .", "it is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes .", "as of december 31 , 2016 , we believe that our interest rate swap counterparty will be able to fulfill its obligations under our agreement .", "the company's foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in the company's results of operations and/or cash flows resulting from foreign exchange rate fluctuations .", "during 2016 and 2015 , the company entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans .", "as of december 31 , 2016 and 2015 , the notional amount of these derivatives was approximately $ 143 million and aa $ 81 million , respectively , and the fair value was nominal .", "these derivatives have not been designated as hedges for accounting purposes .", "we also use currency forward contracts to manage our exposure to fluctuations in costs caused by variations in indian rupee ( \"inr\" ) ii exchange rates .", "as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 7 million and the fair value was l less than $ 1 million , which is included in prepaid expenses and other current assets in the consolidated balance sheets .", "these inr forward contracts are designated as cash flow hedges .", "the fair value of these currency forward contracts is determined using currency uu exchange market rates , obtained from reliable , independent , third party banks , at the balance sheet date .", "the fair value of forward rr contracts is subject to changes in currency exchange rates .", "the company has no ineffectiveness related to its use of currency forward ff contracts in connection with inr cash flow hedges .", "in september 2015 , the company entered into treasury lock hedges with a total notional amount of $ 1.0 billion , reducing the risk of changes in the benchmark index component of the 10-year treasury yield .", "the company def signated these derivatives as cash flow hedges .", "on october 13 , 2015 , in conjunction with the pricing of the $ 4.5 billion senior notes , the companyr terminated these treasury lock contracts for a cash settlement payment of $ 16 million , which was recorded as a component of other comprehensive earnings and will be reclassified as an adjustment to interest expense over the ten years during which the related interest payments that were hedged will be recognized in income .", "( e ) trade receivables a summary of trade receivables , net , as of december 31 , 2016 and 2015 is as follows ( in millions ) : ." ]

[ "." ]

[ [ "", "2016", "2015" ], [ "Trade receivables — billed", "$1,452", "$1,546" ], [ "Trade receivables — unbilled", "228", "201" ], [ "Total trade receivables", "1,680", "1,747" ], [ "Allowance for doubtful accounts", "(41)", "(16)" ], [ "Total trade receivables, net", "$1,639", "$1,731" ] ]

[ [ "", "2016", "2015" ], [ "trade receivables 2014 billed", "$ 1452", "$ 1546" ], [ "trade receivables 2014 unbilled", "228", "201" ], [ "total trade receivables", "1680", "1747" ], [ "allowance for doubtful accounts", "-41 ( 41 )", "-16 ( 16 )" ], [ "total trade receivables net", "$ 1639", "$ 1731" ] ]

[ { "arg1": "1639", "arg2": "1731", "op": "minus1-1", "res": "-92" }, { "arg1": "#0", "arg2": "1731", "op": "divide1-2", "res": "-5.3%" } ]

[ "page 71 of 94 notes to consolidated financial statements ball corporation and subsidiaries 16 .", "shareholders 2019 equity ( continued ) on october 24 , 2007 , ball announced the discontinuance of the company 2019s discount on the reinvestment of dividends associated with the company 2019s dividend reinvestment and voluntary stock purchase plan for non- employee shareholders .", "the 5 percent discount was discontinued on november 1 , 2007 .", "accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) ." ]

[ "( a ) within the company 2019s 2006 annual report , the consolidated statement of changes in shareholders 2019 equity for the year ended december 31 , 2006 , included a transition adjustment of $ 47.9 million , net of tax , related to the adoption of sfas no .", "158 , 201cemployers 2019 accounting for defined benefit pension plans and other postretirement plans , an amendment of fasb statements no .", "87 , 88 , 106 and 132 ( r ) , 201d as a component of 2006 comprehensive earnings rather than only as an adjustment to accumulated other comprehensive loss .", "the 2006 amounts have been revised to correct the previous reporting .", "notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings .", "therefore , no taxes have been provided on the foreign currency translation component for any period .", "the change in the pension and other postretirement items is presented net of related tax expense of $ 31.3 million and $ 2.9 million for 2007 and 2006 , respectively , and a related tax benefit of $ 27.3 million for 2005 .", "the change in the effective financial derivatives is presented net of related tax benefit of $ 3.2 million for 2007 , related tax expense of $ 5.7 million for 2006 and related tax benefit of $ 10.7 million for 2005 .", "stock-based compensation programs effective january 1 , 2006 , ball adopted sfas no .", "123 ( revised 2004 ) , 201cshare based payment , 201d which is a revision of sfas no .", "123 and supersedes apb opinion no .", "25 .", "the new standard establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services , including stock option and restricted stock grants .", "the major differences for ball are that ( 1 ) expense is now recorded in the consolidated statements of earnings for the fair value of new stock option grants and nonvested portions of grants made prior to january 1 , 2006 , and ( 2 ) the company 2019s deposit share program ( discussed below ) is no longer a variable plan that is marked to current market value each month through earnings .", "upon adoption of sfas no .", "123 ( revised 2004 ) , ball has chosen to use the modified prospective transition method and the black-scholes valuation model. ." ]

[ [ "($ in millions)", "Foreign Currency Translation", "Pension and Other Postretirement Items, Net of Tax", "Effective Financial Derivatives, Net of Tax", "Accumulated Other Comprehensive Earnings (Loss)" ], [ "December 31, 2004", "$148.9", "$(126.3)", "$10.6", "$33.2" ], [ "2005 change", "(74.3)", "(43.6)", "(16.0)", "(133.9)" ], [ "December 31, 2005", "74.6", "(169.9)", "(5.4)", "(100.7)" ], [ "2006 change", "57.2", "55.9", "6.0", "119.1" ], [ "Effect of SFAS No. 158 adoption(a)", "–", "(47.9)", "–", "(47.9)" ], [ "December 31, 2006", "131.8", "(161.9)", "0.6", "(29.5)" ], [ "2007 change", "90.0", "57.9", "(11.5)", "136.4" ], [ "December 31, 2007", "$221.8", "$(104.0)", "$(10.9)", "$106.9" ] ]

[ [ "( $ in millions )", "foreign currency translation", "pension and other postretirement items net of tax", "effective financial derivatives net of tax", "accumulated other comprehensive earnings ( loss )" ], [ "december 31 2004", "$ 148.9", "$ -126.3 ( 126.3 )", "$ 10.6", "$ 33.2" ], [ "2005 change", "-74.3 ( 74.3 )", "-43.6 ( 43.6 )", "-16.0 ( 16.0 )", "-133.9 ( 133.9 )" ], [ "december 31 2005", "74.6", "-169.9 ( 169.9 )", "-5.4 ( 5.4 )", "-100.7 ( 100.7 )" ], [ "2006 change", "57.2", "55.9", "6.0", "119.1" ], [ "effect of sfas no . 158 adoption ( a )", "2013", "-47.9 ( 47.9 )", "2013", "-47.9 ( 47.9 )" ], [ "december 31 2006", "131.8", "-161.9 ( 161.9 )", "0.6", "-29.5 ( 29.5 )" ], [ "2007 change", "90.0", "57.9", "-11.5 ( 11.5 )", "136.4" ], [ "december 31 2007", "$ 221.8", "$ -104.0 ( 104.0 )", "$ -10.9 ( 10.9 )", "$ 106.9" ] ]

[]

[ "management 2019s discussion and analysis of financial condition and results of operations ( continued ) funding deposits : we provide products and services including custody , accounting , administration , daily pricing , foreign exchange services , cash management , financial asset management , securities finance and investment advisory services .", "as a provider of these products and services , we generate client deposits , which have generally provided a stable , low-cost source of funds .", "as a global custodian , clients place deposits with state street entities in various currencies .", "we invest these client deposits in a combination of investment securities and short- duration financial instruments whose mix is determined by the characteristics of the deposits .", "for the past several years , we have experienced higher client deposit inflows toward the end of the quarter or the end of the year .", "as a result , we believe average client deposit balances are more reflective of ongoing funding than period-end balances .", "table 33 : client deposits average balance december 31 , year ended december 31 ." ]

[ "client deposits ( 1 ) $ 195276 $ 182268 $ 167470 $ 143043 ( 1 ) balance as of december 31 , 2014 excluded term wholesale certificates of deposit , or cds , of $ 13.76 billion ; average balances for the year ended december 31 , 2014 and 2013 excluded average cds of $ 6.87 billion and $ 2.50 billion , respectively .", "short-term funding : our corporate commercial paper program , under which we can issue up to $ 3.0 billion of commercial paper with original maturities of up to 270 days from the date of issuance , had $ 2.48 billion and $ 1.82 billion of commercial paper outstanding as of december 31 , 2014 and 2013 , respectively .", "our on-balance sheet liquid assets are also an integral component of our liquidity management strategy .", "these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales .", "in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors .", "as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral .", "short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase .", "these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities .", "these balances were $ 8.93 billion and $ 7.95 billion as of december 31 , 2014 and 2013 , respectively .", "state street bank currently maintains a line of credit with a financial institution of cad $ 800 million , or approximately $ 690 million as of december 31 , 2014 , to support its canadian securities processing operations .", "the line of credit has no stated termination date and is cancelable by either party with prior notice .", "as of december 31 , 2014 , there was no balance outstanding on this line of credit .", "long-term funding : as of december 31 , 2014 , state street bank had board authority to issue unsecured senior debt securities from time to time , provided that the aggregate principal amount of such unsecured senior debt outstanding at any one time does not exceed $ 5 billion .", "as of december 31 , 2014 , $ 4.1 billion was available for issuance pursuant to this authority .", "as of december 31 , 2014 , state street bank also had board authority to issue an additional $ 500 million of subordinated debt .", "we maintain an effective universal shelf registration that allows for the public offering and sale of debt securities , capital securities , common stock , depositary shares and preferred stock , and warrants to purchase such securities , including any shares into which the preferred stock and depositary shares may be convertible , or any combination thereof .", "we have issued in the past , and we may issue in the future , securities pursuant to our shelf registration .", "the issuance of debt or equity securities will depend on future market conditions , funding needs and other factors .", "agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies .", "factors essential to maintaining high credit ratings include diverse and stable core earnings ; relative market position ; strong risk management ; strong capital ratios ; diverse liquidity sources , including the global capital markets and client deposits ; strong liquidity monitoring procedures ; and preparedness for current or future regulatory developments .", "high ratings limit borrowing costs and enhance our liquidity by providing assurance for unsecured funding and depositors , increasing the potential market for our debt and improving our ability to offer products , serve markets , and engage in transactions in which clients value high credit ratings .", "a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital ." ]

[ [ "", "December 31,", "Average Balance Year Ended December 31," ], [ "(In millions)", "2014", "2013", "2014", "2013" ], [ "Client deposits⁽¹⁾", "$195,276", "$182,268", "$167,470", "$143,043" ] ]

[ [ "( in millions )", "december 31 , 2014", "december 31 , 2013", "december 31 , 2014", "2013" ], [ "client deposits ( 1 )", "$ 195276", "$ 182268", "$ 167470", "$ 143043" ] ]

[ { "arg1": "195276", "arg2": "182268", "op": "minus1-1", "res": "13008" }, { "arg1": "#0", "arg2": "182268", "op": "divide1-2", "res": "7.1%" } ]

[ "reinvested for continued use in foreign operations .", "if the total undistributed earnings of foreign subsidiaries were remitted , a significant amount of the additional tax would be offset by the allowable foreign tax credits .", "it is not practical for us to determine the additional tax of remitting these earnings .", "in september 2007 , we reached a settlement with the united states department of justice to resolve an investigation into financial relationships between major orthopaedic manufacturers and consulting orthopaedic surgeons .", "under the terms of the settlement , we paid a civil settlement amount of $ 169.5 million and we recorded an expense in that amount .", "at the time , no tax benefit was recorded related to the settlement expense due to the uncertainty as to the tax treatment .", "during the third quarter of 2008 , we reached an agreement with the u.s .", "internal revenue service ( irs ) confirming the deductibility of a portion of the settlement payment .", "as a result , during 2008 we recorded a current tax benefit of $ 31.7 million .", "in june 2006 , the financial accounting standards board ( fasb ) issued interpretation no .", "48 , accounting for uncertainty in income taxes 2013 an interpretation of fasb statement no .", "109 , accounting for income taxes ( fin 48 ) .", "fin 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements .", "under fin 48 , we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities , based on the technical merits of the position .", "the tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement .", "fin 48 also provides guidance on derecognition , classification , interest and penalties on income taxes , accounting in interim periods and requires increased disclosures .", "we adopted fin 48 on january 1 , 2007 .", "prior to the adoption of fin 48 we had a long term tax liability for expected settlement of various federal , state and foreign income tax liabilities that was reflected net of the corollary tax impact of these expected settlements of $ 102.1 million , as well as a separate accrued interest liability of $ 1.7 million .", "as a result of the adoption of fin 48 , we are required to present the different components of such liability on a gross basis versus the historical net presentation .", "the adoption resulted in the financial statement liability for unrecognized tax benefits decreasing by $ 6.4 million as of january 1 , 2007 .", "the adoption resulted in this decrease in the liability as well as a reduction to retained earnings of $ 4.8 million , a reduction in goodwill of $ 61.4 million , the establishment of a tax receivable of $ 58.2 million , which was recorded in other current and non-current assets on our consolidated balance sheet , and an increase in an interest/penalty payable of $ 7.9 million , all as of january 1 , 2007 .", "therefore , after the adoption of fin 48 , the amount of unrecognized tax benefits is $ 95.7 million as of january 1 , 2007 .", "as of december 31 , 2008 , the amount of unrecognized tax benefits is $ 129.5 million .", "of this amount , $ 45.5 million would impact our effective tax rate if recognized .", "$ 38.2 million of the $ 129.5 million liability for unrecognized tax benefits relate to tax positions of acquired entities taken prior to their acquisition by us .", "under fas 141 ( r ) , if these liabilities are settled for different amounts , they will affect the income tax expense in the period of reversal or settlement .", "the following is a tabular reconciliation of the total amounts of unrecognized tax benefits ( in millions ) : ." ]

[ "we recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of earnings , which is consistent with the recognition of these items in prior reporting periods .", "as of december 31 , 2007 , we recorded a liability of $ 19.6 million for accrued interest and penalties , of which $ 14.7 million would impact our effective tax rate , if recognized .", "the amount of this liability is $ 22.9 million as of december 31 , 2008 .", "of this amount , $ 17.1 million would impact our effective tax rate , if recognized .", "we expect that the amount of tax liability for unrecognized tax benefits will change in the next twelve months ; however , we do not expect these changes will have a significant impact on our results of operations or financial position .", "the u.s .", "federal statute of limitations remains open for the year 2003 and onward .", "the u.s .", "federal returns for years 2003 and 2004 are currently under examination by the irs .", "on july 15 , 2008 , the irs issued its examination report .", "we filed a formal protest on august 15 , 2008 and requested a conference with the appeals office regarding disputed issues .", "although the appeals process could take several years , we do not anticipate resolution of the audit will result in any significant impact on our results of operations , financial position or cash flows .", "in addition , for the 1999 tax year of centerpulse , which we acquired in october 2003 , one issue remains in dispute .", "state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return .", "the state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states .", "we have various state income tax returns in the process of examination , administrative appeals or litigation .", "it is z i m m e r h o l d i n g s , i n c .", "2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 057000000 ***%%pcmsg|57 |00010|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| ." ]

[ [ "", "2008", "2007" ], [ "Balance at January 1", "$135.2", "$95.7" ], [ "Increases related to prior periods", "12.1", "27.4" ], [ "Decreases related to prior periods", "(32.0)", "(5.5)" ], [ "Increases related to current period", "15.8", "21.9" ], [ "Decreases related to settlements with taxing authorities", "(1.3)", "(1.3)" ], [ "Decreases related to lapse of statue of limitations", "(0.3)", "(3.0)" ], [ "Balance at December 31", "$129.5", "$135.2" ] ]

[ [ "", "2008", "2007" ], [ "balance at january 1", "$ 135.2", "$ 95.7" ], [ "increases related to prior periods", "12.1", "27.4" ], [ "decreases related to prior periods", "-32.0 ( 32.0 )", "-5.5 ( 5.5 )" ], [ "increases related to current period", "15.8", "21.9" ], [ "decreases related to settlements with taxing authorities", "-1.3 ( 1.3 )", "-1.3 ( 1.3 )" ], [ "decreases related to lapse of statue of limitations", "-0.3 ( 0.3 )", "-3.0 ( 3.0 )" ], [ "balance at december 31", "$ 129.5", "$ 135.2" ] ]

[ { "arg1": "129.5", "arg2": "135.2", "op": "minus2-1", "res": "-5.7" }, { "arg1": "#0", "arg2": "135.2", "op": "divide2-2", "res": "-4%" } ]

[ "humana inc .", "notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 .", "cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively .", "total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 .", "we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years .", "restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant .", "compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant .", "the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively .", "activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value ." ]

[ "the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively .", "total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 .", "we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years .", "there are no other contractual terms covering restricted stock awards once vested. ." ]

[ [ "", "Shares", "Weighted Average Grant-Date Fair Value" ], [ "Nonvested restricted stock at December 31, 2006", "1,107,455", "$45.86" ], [ "Granted", "852,353", "63.59" ], [ "Vested", "(51,206)", "56.93" ], [ "Forfeited", "(63,624)", "49.65" ], [ "Nonvested restricted stock at December 31, 2007", "1,844,978", "$53.61" ] ]

[ [ "", "shares", "weighted average grant-date fair value" ], [ "nonvested restricted stock at december 31 2006", "1107455", "$ 45.86" ], [ "granted", "852353", "63.59" ], [ "vested", "-51206 ( 51206 )", "56.93" ], [ "forfeited", "-63624 ( 63624 )", "49.65" ], [ "nonvested restricted stock at december 31 2007", "1844978", "$ 53.61" ] ]

[]

[ "the facility is considered 201cdebt 201d for purposes of a support agreement between american water and awcc , which serves as a functional equivalent of a guarantee by american water of awcc 2019s payment obligations under the credit facility .", "also , the company acquired an additional revolving line of credit as part of its keystone acquisition .", "the total commitment under this credit facility was $ 16 million of which $ 2 million was outstanding as of december 31 , 2015 .", "the following table summarizes information regarding the company 2019s aggregate credit facility commitments , letter of credit sub-limits and available funds under those revolving credit facilities , as well as outstanding amounts of commercial paper and outstanding borrowings under the respective facilities as of december 31 , 2015 and 2014 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity outstanding commercial ( net of discount ) credit line borrowing ( in millions ) december 31 , 2015 .", ".", ".", ".", ".", "$ 1266 $ 1182 $ 150 $ 68 $ 626 $ 2 december 31 , 2014 .", ".", ".", ".", ".", "$ 1250 $ 1212 $ 150 $ 112 $ 450 $ 2014 the weighted-average interest rate on awcc short-term borrowings for the years ended december 31 , 2015 and 2014 was approximately 0.49% ( 0.49 % ) and 0.31% ( 0.31 % ) , respectively .", "interest accrues on the keystone revolving line of credit daily at a rate per annum equal to 2.75% ( 2.75 % ) above the greater of the one month or one day libor .", "capital structure the following table indicates the percentage of our capitalization represented by the components of our capital structure as of december 31: ." ]

[ "the changes in the capital structure between periods were mainly attributable to changes in outstanding commercial paper balances .", "debt covenants our debt agreements contain financial and non-financial covenants .", "to the extent that we are not in compliance with these covenants such an event may create an event of default under the debt agreement and we or our subsidiaries may be restricted in our ability to pay dividends , issue new debt or access our revolving credit facility .", "for two of our smaller operating companies , we have informed our counterparties that we will provide only unaudited financial information at the subsidiary level , which resulted in technical non-compliance with certain of their reporting requirements under debt agreements with respect to $ 8 million of outstanding debt .", "we do not believe this event will materially impact us .", "our long-term debt indentures contain a number of covenants that , among other things , limit the company from issuing debt secured by the company 2019s assets , subject to certain exceptions .", "our failure to comply with any of these covenants could accelerate repayment obligations .", "certain long-term notes and the revolving credit facility require us to maintain a ratio of consolidated debt to consolidated capitalization ( as defined in the relevant documents ) of not more than 0.70 to 1.00 .", "on december 31 , 2015 , our ratio was 0.56 to 1.00 and therefore we were in compliance with the covenant. ." ]

[ [ "", "2015", "2014", "2013" ], [ "Total common stockholders' equity", "43.5%", "45.2%", "44.6%" ], [ "Long-term debt and redeemable preferred stock at redemption value", "50.6%", "50.1%", "49.3%" ], [ "Short-term debt and current portion of long-term debt", "5.9%", "4.7%", "6.1%" ], [ "Total", "100%", "100%", "100%" ] ]

[ [ "", "2015", "2014", "2013" ], [ "total common stockholders' equity", "43.5% ( 43.5 % )", "45.2% ( 45.2 % )", "44.6% ( 44.6 % )" ], [ "long-term debt and redeemable preferred stock at redemption value", "50.6% ( 50.6 % )", "50.1% ( 50.1 % )", "49.3% ( 49.3 % )" ], [ "short-term debt and current portion of long-term debt", "5.9% ( 5.9 % )", "4.7% ( 4.7 % )", "6.1% ( 6.1 % )" ], [ "total", "100% ( 100 % )", "100% ( 100 % )", "100% ( 100 % )" ] ]

[]

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

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

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

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

[ { "arg1": "3636", "arg2": "1474", "op": "minus2-1", "res": "2162" }, { "arg1": "#0", "arg2": "1474", "op": "divide2-2", "res": "1.467" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "146.7" } ]

[ "note 4 - goodwill and other intangible assets : goodwill the company had approximately $ 93.2 million and $ 94.4 million of goodwill at december 30 , 2017 and december 31 , 2016 , respectively .", "the changes in the carrying amount of goodwill for the years ended december 30 , 2017 and december 31 , 2016 are as follows ( in thousands ) : ." ]

[ "goodwill is allocated to each identified reporting unit , which is defined as an operating segment or one level below the operating segment .", "goodwill is not amortized , but is evaluated for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable .", "the company completes its impairment evaluation by performing valuation analyses and considering other publicly available market information , as appropriate .", "the test used to identify the potential for goodwill impairment compares the fair value of a reporting unit with its carrying value .", "an impairment charge would be recorded to the company 2019s operations for the amount , if any , in which the carrying value exceeds the fair value .", "in the fourth quarter of fiscal 2017 , the company completed its annual impairment testing of goodwill and no impairment was identified .", "the company determined that the fair value of each reporting unit ( including goodwill ) was in excess of the carrying value of the respective reporting unit .", "in reaching this conclusion , the fair value of each reporting unit was determined based on either a market or an income approach .", "under the market approach , the fair value is based on observed market data .", "other intangible assets the company had approximately $ 31.3 million of intangible assets other than goodwill at december 30 , 2017 and december 31 , 2016 .", "the intangible asset balance represents the estimated fair value of the petsense tradename , which is not subject to amortization as it has an indefinite useful life on the basis that it is expected to contribute cash flows beyond the foreseeable horizon .", "with respect to intangible assets , we evaluate for impairment annually and whenever events or changes in circumstances indicate that the carrying value may not be recoverable .", "we recognize an impairment loss only if the carrying amount is not recoverable through its discounted cash flows and measure the impairment loss based on the difference between the carrying value and fair value .", "in the fourth quarter of fiscal 2017 , the company completed its annual impairment testing of intangible assets and no impairment was identified. ." ]

[ [ "", "2017", "2016" ], [ "Balance, beginning of year", "$94,417", "$10,258" ], [ "Goodwill acquired as part of acquisition", "—", "84,159" ], [ "Working capital settlement", "(1,225)", "—" ], [ "Impairment loss", "—", "—" ], [ "Balance, end of year", "$93,192", "$94,417" ] ]

[ [ "", "2017", "2016" ], [ "balance beginning of year", "$ 94417", "$ 10258" ], [ "goodwill acquired as part of acquisition", "2014", "84159" ], [ "working capital settlement", "-1225 ( 1225 )", "2014" ], [ "impairment loss", "2014", "2014" ], [ "balance end of year", "$ 93192", "$ 94417" ] ]

[ { "arg1": "93192", "arg2": "10258", "op": "minus2-1", "res": "82934" }, { "arg1": "#0", "arg2": "10258", "op": "divide2-2", "res": "8.085" } ]

[ "note 12 derivative instruments and fair value measurements the company is exposed to certain market risks such as changes in interest rates , foreign currency exchange rates , and commodity prices , which exist as a part of its ongoing business operations .", "management uses derivative financial and commodity instruments , including futures , options , and swaps , where appropriate , to manage these risks .", "instruments used as hedges must be effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the contract .", "the company designates derivatives as cash flow hedges , fair value hedges , net investment hedges , and uses other contracts to reduce volatility in interest rates , foreign currency and commodities .", "as a matter of policy , the company does not engage in trading or speculative hedging transactions .", "total notional amounts of the company 2019s derivative instruments as of december 29 , 2012 and december 31 , 2011 were as follows: ." ]

[ "following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the company that were included in each category at december 29 , 2012 and december 31 , 2011 , measured on a recurring basis .", "level 1 2014 financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market .", "for the company , level 1 financial assets and liabilities consist primarily of commodity derivative contracts .", "level 2 2014 financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability .", "for the company , level 2 financial assets and liabilities consist of interest rate swaps and over-the-counter commodity and currency contracts .", "the company 2019s calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve .", "over-the-counter commodity derivatives are valued using an income approach based on the commodity index prices less the contract rate multiplied by the notional amount .", "foreign currency contracts are valued using an income approach based on forward rates less the contract rate multiplied by the notional amount .", "the company 2019s calculation of the fair value of level 2 financial assets and liabilities takes into consideration the risk of nonperformance , including counterparty credit risk .", "level 3 2014 financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement .", "these inputs reflect management 2019s own assumptions about the assumptions a market participant would use in pricing the asset or liability .", "the company did not have any level 3 financial assets or liabilities as of december 29 , 2012 or december 31 , 2011 .", "the following table presents assets and liabilities that were measured at fair value in the consolidated balance sheet on a recurring basis as of december 29 , 2012 and december 31 , 2011 : derivatives designated as hedging instruments : 2012 2011 ( millions ) level 1 level 2 total level 1 level 2 total assets : foreign currency exchange contracts : other current assets $ 2014 $ 4 $ 4 $ 2014 $ 11 $ 11 interest rate contracts ( a ) : other assets 2014 64 64 2014 23 23 commodity contracts : other current assets 2014 2014 2014 2 2014 2 total assets $ 2014 $ 68 $ 68 $ 2 $ 34 $ 36 liabilities : foreign currency exchange contracts : other current liabilities $ 2014 $ ( 3 ) $ ( 3 ) $ 2014 $ ( 18 ) $ ( 18 ) commodity contracts : other current liabilities 2014 ( 11 ) ( 11 ) ( 4 ) ( 12 ) ( 16 ) other liabilities 2014 ( 27 ) ( 27 ) 2014 ( 34 ) ( 34 ) total liabilities $ 2014 $ ( 41 ) $ ( 41 ) $ ( 4 ) $ ( 64 ) $ ( 68 ) ( a ) the fair value of the related hedged portion of the company 2019s long-term debt , a level 2 liability , was $ 2.3 billion as of december 29 , 2012 and $ 626 million as of december 31 , derivatives not designated as hedging instruments : 2012 2011 ( millions ) level 1 level 2 total level 1 level 2 total assets : commodity contracts : other current assets $ 5 $ 2014 $ 5 $ 2014 $ 2014 $ 2014 total assets $ 5 $ 2014 $ 5 $ 2014 $ 2014 $ 2014 liabilities : commodity contracts : other current liabilities $ ( 3 ) $ 2014 $ ( 3 ) $ 2014 $ 2014 $ 2014 total liabilities $ ( 3 ) $ 2014 $ ( 3 ) $ 2014 $ 2014 $ 2014 ." ]

[ [ "(millions)", "2012", "2011" ], [ "Foreign currency exchange contracts", "$570", "$1,265" ], [ "Interest rate contracts", "2,150", "600" ], [ "Commodity contracts", "136", "175" ], [ "Total", "$2,856", "$2,040" ] ]

[ [ "( millions )", "2012", "2011" ], [ "foreign currency exchange contracts", "$ 570", "$ 1265" ], [ "interest rate contracts", "2150", "600" ], [ "commodity contracts", "136", "175" ], [ "total", "$ 2856", "$ 2040" ] ]

[ { "arg1": "2856", "arg2": "2040", "op": "minus1-1", "res": "816" }, { "arg1": "#0", "arg2": "2040", "op": "divide1-2", "res": ".4" } ]

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

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

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

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

[ { "arg1": "278", "arg2": "140", "op": "minus2-1", "res": "138" }, { "arg1": "#0", "arg2": "140", "op": "divide2-2", "res": "98.57%" } ]

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

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

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

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

[ { "arg1": "120.40", "arg2": "106.20", "op": "minus2-1", "res": "14.2" }, { "arg1": "#0", "arg2": "106.20", "op": "divide2-2", "res": "13.4%" } ]

[ "entergy mississippi may refinance , redeem , or otherwise retire debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable .", "all debt and common and preferred stock issuances by entergy mississippi require prior regulatory approval . a0 a0preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indenture , and other agreements . a0 a0entergy mississippi has sufficient capacity under these tests to meet its foreseeable capital needs .", "entergy mississippi 2019s receivables from the money pool were as follows as of december 31 for each of the following years. ." ]

[ "see note 4 to the financial statements for a description of the money pool .", "entergy mississippi has four separate credit facilities in the aggregate amount of $ 102.5 million scheduled to expire may 2018 .", "no borrowings were outstanding under the credit facilities as of december a031 , 2017 . a0 a0in addition , entergy mississippi is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso .", "as of december a031 , 2017 , a $ 15.3 million letter of credit was outstanding under entergy mississippi 2019s uncommitted letter of credit facility .", "see note 4 to the financial statements for additional discussion of the credit facilities .", "entergy mississippi obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 175 million at any time outstanding and long-term borrowings and security issuances .", "see note 4 to the financial statements for further discussion of entergy mississippi 2019s short-term borrowing limits .", "entergy mississippi , inc .", "management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery the rates that entergy mississippi charges for electricity significantly influence its financial position , results of operations , and liquidity .", "entergy mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings .", "a governmental agency , the mpsc , is primarily responsible for approval of the rates charged to customers .", "formula rate plan in march 2016 , entergy mississippi submitted its formula rate plan 2016 test year filing showing entergy mississippi 2019s projected earned return for the 2016 calendar year to be below the formula rate plan bandwidth .", "the filing showed a $ 32.6 million rate increase was necessary to reset entergy mississippi 2019s earned return on common equity to the specified point of adjustment of 9.96% ( 9.96 % ) , within the formula rate plan bandwidth .", "in june 2016 the mpsc approved entergy mississippi 2019s joint stipulation with the mississippi public utilities staff .", "the joint stipulation provided for a total revenue increase of $ 23.7 million .", "the revenue increase includes a $ 19.4 million increase through the formula rate plan , resulting in a return on common equity point of adjustment of 10.07% ( 10.07 % ) .", "the revenue increase also includes $ 4.3 million in incremental ad valorem tax expenses to be collected through an updated ad valorem tax adjustment rider .", "the revenue increase and ad valorem tax adjustment rider were effective with the july 2016 bills .", "in march 2017 , entergy mississippi submitted its formula rate plan 2017 test year filing and 2016 look-back filing showing entergy mississippi 2019s earned return for the historical 2016 calendar year and projected earned return for the 2017 calendar year to be within the formula rate plan bandwidth , resulting in no change in rates .", "in june 2017 , entergy mississippi and the mississippi public utilities staff entered into a stipulation that confirmed that entergy ." ]

[ [ "2017", "2016", "2015", "2014" ], [ "(In Thousands)" ], [ "$1,633", "$10,595", "$25,930", "$644" ] ]

[ [ "2017", "2016", "2015", "2014" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 1633", "$ 10595", "$ 25930", "$ 644" ] ]

[ { "arg1": "1633", "arg2": "10595", "op": "add2-1", "res": "12228" }, { "arg1": "#0", "arg2": "25930", "op": "add2-2", "res": "38158" } ]

[ "intangible assets are amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use .", "the remaining amortization expense will be recognized over a weighted-average period of approximately 0.9 years .", "amortization expense from continuing operations , related to intangibles was $ 7.4 million , $ 9.3 million and $ 9.2 million in fiscal 2009 , 2008 and 2007 , respectively .", "the company expects annual amortization expense for these intangible assets to be: ." ]

[ "g .", "grant accounting certain of the company 2019s foreign subsidiaries have received various grants from governmental agencies .", "these grants include capital , employment and research and development grants .", "capital grants for the acquisition of property and equipment are netted against the related capital expenditures and amortized as a credit to depreciation expense over the useful life of the related asset .", "employment grants , which relate to employee hiring and training , and research and development grants are recognized in earnings in the period in which the related expenditures are incurred by the company .", "h .", "translation of foreign currencies the functional currency for the company 2019s foreign sales and research and development operations is the applicable local currency .", "gains and losses resulting from translation of these foreign currencies into u.s .", "dollars are recorded in accumulated other comprehensive ( loss ) income .", "transaction gains and losses and remeasurement of foreign currency denominated assets and liabilities are included in income currently , including those at the company 2019s principal foreign manufacturing operations where the functional currency is the u.s .", "dollar .", "foreign currency transaction gains or losses included in other expenses , net , were not material in fiscal 2009 , 2008 or 2007 .", "i .", "derivative instruments and hedging agreements foreign exchange exposure management 2014 the company enters into forward foreign currency exchange contracts to offset certain operational and balance sheet exposures from the impact of changes in foreign currency exchange rates .", "such exposures result from the portion of the company 2019s operations , assets and liabilities that are denominated in currencies other than the u.s .", "dollar , primarily the euro ; other exposures include the philippine peso and the british pound .", "these foreign currency exchange contracts are entered into to support transactions made in the normal course of business , and accordingly , are not speculative in nature .", "the contracts are for periods consistent with the terms of the underlying transactions , generally one year or less .", "hedges related to anticipated transactions are designated and documented at the inception of the respective hedges as cash flow hedges and are evaluated for effectiveness monthly .", "derivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified .", "as the terms of the contract and the underlying transaction are matched at inception , forward contract effectiveness is calculated by comparing the change in fair value of the contract to the change in the forward value of the anticipated transaction , with the effective portion of the gain or loss on the derivative instrument reported as a component of accumulated other comprehensive ( loss ) income ( oci ) in shareholders 2019 equity and reclassified into earnings in the same period during which the hedged transaction affects earnings .", "any residual change in fair value of the instruments , or ineffectiveness , is recognized immediately in other income/expense .", "additionally , the company enters into forward foreign currency contracts that economically hedge the gains and losses generated by the remeasurement of certain recorded assets and liabilities in a non-functional currency .", "changes in the fair value of these undesignated hedges are recognized in other income/expense immediately as an offset to the changes in the fair value of the asset or liability being hedged .", "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "Fiscal Years", "Amortization Expense" ], [ "2010", "$5,425" ], [ "2011", "$1,430" ] ]

[ [ "fiscal years", "amortization expense" ], [ "2010", "$ 5425" ], [ "2011", "$ 1430" ] ]

[]

[ "stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index .", "the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on december 31 , 2011 , and that any dividends have been reinvested .", "the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock .", "comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index december 31 , december 29 , december 28 , january 3 , january 2 , december 31 ." ]

[ "." ]

[ [ "Company/Index", "December 31, 2011", "December 29, 2012", "December 28, 2013", "January 3, 2015", "January 2, 2016", "December 31, 2016" ], [ "Advance Auto Parts", "$100.00", "$102.87", "$158.46", "$228.88", "$217.49", "$244.64" ], [ "S&P 500 Index", "100.00", "114.07", "152.98", "174.56", "177.01", "198.18" ], [ "S&P Retail Index", "100.00", "122.23", "178.55", "196.06", "245.31", "256.69" ] ]

[ [ "company/index", "december 31 2011", "december 29 2012", "december 28 2013", "january 3 2015", "january 2 2016", "december 31 2016" ], [ "advance auto parts", "$ 100.00", "$ 102.87", "$ 158.46", "$ 228.88", "$ 217.49", "$ 244.64" ], [ "s&p 500 index", "100.00", "114.07", "152.98", "174.56", "177.01", "198.18" ], [ "s&p retail index", "100.00", "122.23", "178.55", "196.06", "245.31", "256.69" ] ]

[ { "arg1": "217.49", "arg2": "228.88", "op": "minus1-1", "res": "-11.39" }, { "arg1": "#0", "arg2": "228.88", "op": "divide1-2", "res": "-5.0%" } ]

[ "zimmer holdings , inc .", "2013 form 10-k annual report notes to consolidated financial statements ( continued ) 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 .", "treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of stockholders 2019 equity .", "we reissue common stock held in treasury only for limited purposes .", "noncontrolling interest 2013 in 2011 , we made an investment in a company in which we acquired a controlling financial interest , but not 100 percent of the equity .", "in 2013 , we purchased additional shares of the company from the minority shareholders .", "further information related to the noncontrolling interests of that investment has not been provided as it is not significant to our consolidated financial statements .", "accounting pronouncements 2013 effective january 1 , 2013 , we adopted the fasb 2019s accounting standard updates ( asus ) requiring reporting of amounts reclassified out of accumulated other comprehensive income ( oci ) and balance sheet offsetting between derivative assets and liabilities .", "these asus only change financial statement disclosure requirements and therefore do not impact our financial position , results of operations or cash flows .", "see note 12 for disclosures relating to oci .", "see note 13 for disclosures relating to balance sheet offsetting .", "there are no other recently issued accounting pronouncements that we have not yet adopted that are expected to have a material effect on our financial position , results of operations or cash flows .", "3 .", "share-based compensation our share-based payments primarily consist of stock options , restricted stock , restricted stock units ( rsus ) , and an employee stock purchase plan .", "share-based compensation expense is as follows ( in millions ) : ." ]

[ "share-based compensation cost capitalized as part of inventory for the years ended december 31 , 2013 , 2012 and 2011 was $ 4.1 million , $ 6.1 million , and $ 8.8 million , respectively .", "as of december 31 , 2013 and 2012 , approximately $ 2.4 million and $ 3.3 million of capitalized costs remained in finished goods inventory .", "stock options we had two equity compensation plans in effect at december 31 , 2013 : the 2009 stock incentive plan ( 2009 plan ) and the stock plan for non-employee directors .", "the 2009 plan succeeded the 2006 stock incentive plan ( 2006 plan ) and the teamshare stock option plan ( teamshare plan ) .", "no further awards have been granted under the 2006 plan or under the teamshare plan since may 2009 , and shares remaining available for grant under those plans have been merged into the 2009 plan .", "vested and unvested stock options and unvested restricted stock and rsus previously granted under the 2006 plan , the teamshare plan and another prior plan , the 2001 stock incentive plan , remained outstanding as of december 31 , 2013 .", "we have reserved the maximum number of shares of common stock available for award under the terms of each of these plans .", "we have registered 57.9 million shares of common stock under these plans .", "the 2009 plan provides for the grant of nonqualified stock options and incentive stock options , long-term performance awards in the form of performance shares or units , restricted stock , rsus and stock appreciation rights .", "the compensation and management development committee of the board of directors determines the grant date for annual grants under our equity compensation plans .", "the date for annual grants under the 2009 plan to our executive officers is expected to occur in the first quarter of each year following the earnings announcements for the previous quarter and full year .", "the stock plan for non-employee directors provides for awards of stock options , restricted stock and rsus to non-employee directors .", "it has been our practice to issue shares of common stock upon exercise of stock options from previously unissued shares , except in limited circumstances where they are issued from treasury stock .", "the total number of awards which may be granted in a given year and/or over the life of the plan under each of our equity compensation plans is limited .", "at december 31 , 2013 , an aggregate of 10.4 million shares were available for future grants and awards under these plans .", "stock options granted to date under our plans generally vest over four years and generally have a maximum contractual life of 10 years .", "as established under our equity compensation plans , vesting may accelerate upon retirement after the first anniversary date of the award if certain criteria are met .", "we recognize expense related to stock options on a straight-line basis over the requisite service period , less awards expected to be forfeited using estimated forfeiture rates .", "due to the accelerated retirement provisions , the requisite service period of our stock options range from one to four years .", "stock options are granted with an exercise price equal to the market price of our common stock on the date of grant , except in limited circumstances where local law may dictate otherwise. ." ]

[ [ "For the Years Ended December 31,", "2013", "2012", "2011" ], [ "Stock options", "$24.7", "$32.4", "$41.7" ], [ "RSUs and other", "23.8", "22.6", "18.8" ], [ "Total expense, pre-tax", "48.5", "55.0", "60.5" ], [ "Tax benefit related to awards", "(15.6)", "(16.6)", "(17.8)" ], [ "Total expense, net of tax", "$32.9", "$38.4", "$42.7" ] ]

[ [ "for the years ended december 31,", "2013", "2012", "2011" ], [ "stock options", "$ 24.7", "$ 32.4", "$ 41.7" ], [ "rsus and other", "23.8", "22.6", "18.8" ], [ "total expense pre-tax", "48.5", "55.0", "60.5" ], [ "tax benefit related to awards", "-15.6 ( 15.6 )", "-16.6 ( 16.6 )", "-17.8 ( 17.8 )" ], [ "total expense net of tax", "$ 32.9", "$ 38.4", "$ 42.7" ] ]

[ { "arg1": "32.9", "arg2": "38.4", "op": "minus2-1", "res": "-5.5" }, { "arg1": "#0", "arg2": "38.4", "op": "divide2-2", "res": "-14%" } ]

[ "entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis 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 review proceeding .", "see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding .", "2015 compared to 2014 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 2015 to 2014 .", "amount ( in millions ) ." ]

[ "the retail electric price variance is primarily due to formula rate plan increases , as approved by the lpsc , effective december 2014 and january 2015 .", "entergy louisiana 2019s formula rate plan increases are discussed in note 2 to the financial statements .", "the volume/weather variance is primarily due to an increase of 841 gwh , or 2% ( 2 % ) , in billed electricity usage , as a result of increased industrial usage primarily due to increased demand for existing large refinery customers , new customers , and expansion projects primarily in the chemicals industry , partially offset by a decrease in demand in the chemicals industry as a result of a seasonal outage for an existing customer .", "the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project .", "see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding .", "the miso deferral variance is due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc .", "the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses .", "see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges. ." ]

[ [ "", "Amount (In Millions)" ], [ "2014 net revenue", "$2,246.1" ], [ "Retail electric price", "180.0" ], [ "Volume/weather", "39.5" ], [ "Waterford 3 replacement steam generator provision", "(32.0)" ], [ "MISO deferral", "(32.0)" ], [ "Other", "7.2" ], [ "2015 net revenue", "$2,408.8" ] ]

[ [ "", "amount ( in millions )" ], [ "2014 net revenue", "$ 2246.1" ], [ "retail electric price", "180.0" ], [ "volume/weather", "39.5" ], [ "waterford 3 replacement steam generator provision", "-32.0 ( 32.0 )" ], [ "miso deferral", "-32.0 ( 32.0 )" ], [ "other", "7.2" ], [ "2015 net revenue", "$ 2408.8" ] ]

[ { "arg1": "2408.8", "arg2": "2246.1", "op": "minus1-1", "res": "162.7" }, { "arg1": "#0", "arg2": "2246.1", "op": "divide1-2", "res": "7.2%" } ]

[ "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": "3018", "arg2": "2666", "op": "add1-1", "res": "5684" }, { "arg1": "#0", "arg2": "3174", "op": "add1-2", "res": "8858" }, { "arg1": "#1", "arg2": "const_3", "op": "divide1-3", "res": "2952.7" } ]

[ "sources of liquidity primary sources of liquidity for citigroup and its principal subsidiaries include : 2022 deposits ; 2022 collateralized financing transactions ; 2022 senior and subordinated debt ; 2022 commercial paper ; 2022 trust preferred and preferred securities ; and 2022 purchased/wholesale funds .", "citigroup 2019s funding sources are diversified across funding types and geography , a benefit of its global franchise .", "funding for citigroup and its major operating subsidiaries includes a geographically diverse retail and corporate deposit base of $ 774.2 billion .", "these deposits are diversified across products and regions , with approximately two-thirds of them outside of the u.s .", "this diversification provides the company with an important , stable and low-cost source of funding .", "a significant portion of these deposits has been , and is expected to be , long-term and stable , and are considered to be core .", "there are qualitative as well as quantitative assessments that determine the company 2019s calculation of core deposits .", "the first step in this process is a qualitative assessment of the deposits .", "for example , as a result of the company 2019s qualitative analysis certain deposits with wholesale funding characteristics are excluded from consideration as core .", "deposits that qualify under the company 2019s qualitative assessments are then subjected to quantitative analysis .", "excluding the impact of changes in foreign exchange rates and the sale of our retail banking operations in germany during the year ending december 31 , 2008 , the company 2019s deposit base remained stable .", "on a volume basis , deposit increases were noted in transaction services , u.s .", "retail banking and smith barney .", "this was partially offset by the company 2019s decision to reduce deposits considered wholesale funding , consistent with the company 2019s de-leveraging efforts , and declines in international consumer banking and the private bank .", "citigroup and its subsidiaries have historically had a significant presence in the global capital markets .", "the company 2019s capital markets funding activities have been primarily undertaken by two legal entities : ( i ) citigroup inc. , which issues long-term debt , medium-term notes , trust preferred securities , and preferred and common stock ; and ( ii ) citigroup funding inc .", "( cfi ) , a first-tier subsidiary of citigroup , which issues commercial paper , medium-term notes and structured equity-linked and credit-linked notes , all of which are guaranteed by citigroup .", "other significant elements of long- term debt on the consolidated balance sheet include collateralized advances from the federal home loan bank system , long-term debt related to the consolidation of icg 2019s structured investment vehicles , asset-backed outstandings , and certain borrowings of foreign subsidiaries .", "each of citigroup 2019s major operating subsidiaries finances its operations on a basis consistent with its capitalization , regulatory structure and the environment in which it operates .", "particular attention is paid to those businesses that for tax , sovereign risk , or regulatory reasons cannot be freely and readily funded in the international markets .", "citigroup 2019s borrowings have historically been diversified by geography , investor , instrument and currency .", "decisions regarding the ultimate currency and interest rate profile of liquidity generated through these borrowings can be separated from the actual issuance through the use of derivative instruments .", "citigroup is a provider of liquidity facilities to the commercial paper programs of the two primary credit card securitization trusts with which it transacts .", "citigroup may also provide other types of support to the trusts .", "as a result of the recent economic downturn , its impact on the cashflows of the trusts , and in response to credit rating agency reviews of the trusts , the company increased the credit enhancement in the omni trust , and plans to provide additional enhancement to the master trust ( see note 23 to consolidated financial statements on page 175 for a further discussion ) .", "this support preserves investor sponsorship of our card securitization franchise , an important source of liquidity .", "banking subsidiaries there are various legal limitations on the ability of citigroup 2019s subsidiary depository institutions to extend credit , pay dividends or otherwise supply funds to citigroup and its non-bank subsidiaries .", "the approval of the office of the comptroller of the currency , in the case of national banks , or the office of thrift supervision , in the case of federal savings banks , is required if total dividends declared in any calendar year exceed amounts specified by the applicable agency 2019s regulations .", "state-chartered depository institutions are subject to dividend limitations imposed by applicable state law .", "in determining the declaration of dividends , each depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements , as well as policy statements of the federal regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings .", "non-banking subsidiaries citigroup also receives dividends from its non-bank subsidiaries .", "these non-bank subsidiaries are generally not subject to regulatory restrictions on dividends .", "however , as discussed in 201ccapital resources and liquidity 201d on page 94 , the ability of cgmhi to declare dividends can be restricted by capital considerations of its broker-dealer subsidiaries .", "cgmhi 2019s consolidated balance sheet is liquid , with the vast majority of its assets consisting of marketable securities and collateralized short-term financing agreements arising from securities transactions .", "cgmhi monitors and evaluates the adequacy of its capital and borrowing base on a daily basis to maintain liquidity and to ensure that its capital base supports the regulatory capital requirements of its subsidiaries .", "some of citigroup 2019s non-bank subsidiaries , including cgmhi , have credit facilities with citigroup 2019s subsidiary depository institutions , including citibank , n.a .", "borrowings under these facilities must be secured in accordance with section 23a of the federal reserve act .", "there are various legal restrictions on the extent to which a bank holding company and certain of its non-bank subsidiaries can borrow or obtain credit from citigroup 2019s subsidiary depository institutions or engage in certain other transactions with them .", "in general , these restrictions require that transactions be on arm 2019s length terms and be secured by designated amounts of specified collateral .", "see note 20 to the consolidated financial statements on page 169 .", "at december 31 , 2008 , long-term debt and commercial paper outstanding for citigroup , cgmhi , cfi and citigroup 2019s subsidiaries were as follows : in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc .", "( 2 ) citigroup subsidiaries long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 ( 1 ) ." ]

[ "( 1 ) at december 31 , 2008 , approximately $ 67.4 billion relates to collateralized advances from the federal home loan bank .", "( 2 ) citigroup inc .", "guarantees all of cfi 2019s debt and cgmhi 2019s publicly issued securities. ." ]

[ [ "<i>In billions of dollars</i>", "Citigroup parent company", "CGMHI⁽²⁾", "Citigroup Funding Inc.⁽²⁾", "Other Citigroup subsidiaries", "" ], [ "Long-term debt", "$192.3", "$20.6", "$37.4", "$109.3", "⁽¹⁾" ], [ "Commercial paper", "$—", "$—", "$28.6", "$0.5", "" ] ]

[ [ "in billions of dollars", "citigroup parent company", "cgmhi ( 2 )", "citigroup funding inc. ( 2 )", "other citigroup subsidiaries", "" ], [ "long-term debt", "$ 192.3", "$ 20.6", "$ 37.4", "$ 109.3", "-1 ( 1 )" ], [ "commercial paper", "$ 2014", "$ 2014", "$ 28.6", "$ 0.5", "" ] ]

[ { "arg1": "192.3", "arg2": "20.6", "op": "add1-1", "res": "212.9" }, { "arg1": "#0", "arg2": "37.4", "op": "add1-2", "res": "250.3" }, { "arg1": "109.3", "arg2": "#1", "op": "add1-3", "res": "359.6" } ]

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

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

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

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

[ { "arg1": "7.1", "arg2": "2.4", "op": "add2-1", "res": "9.5" }, { "arg1": "#0", "arg2": "const_2", "op": "divide2-2", "res": "4.75" } ]

[ "derivative instruments see quantitative and qualitative disclosures about market risk for a discussion of derivative instruments and associated market risk .", "dividends to stockholders dividends of $ 0.92 per common share or $ 637 million were paid during 2007 .", "on january 27 , 2008 , our board of directors declared a dividend of $ 0.24 cents per share on our common stock , payable march 10 , 2008 , to stockholders of record at the close of business on february 20 , 2008 .", "liquidity and capital resources our main sources of liquidity and capital resources are internally generated cash flow from operations , committed credit facilities and access to both the debt and equity capital markets .", "our ability to access the debt capital market is supported by our investment grade credit ratings .", "our senior unsecured debt is currently rated investment grade by standard and poor 2019s corporation , moody 2019s investor services , inc .", "and fitch ratings with ratings of bbb+ , baa1 , and bbb+ .", "these ratings were reaffirmed in july 2007 after the western acquisition was announced .", "because of the alternatives available to us , including internally generated cash flow and potential asset sales , we believe that our short-term and long-term liquidity is adequate to fund operations , including our capital spending programs , stock repurchase program , repayment of debt maturities and any amounts that ultimately may be paid in connection with contingencies .", "we have a committed $ 3.0 billion revolving credit facility with third-party financial institutions terminating in may 2012 .", "at december 31 , 2007 , there were no borrowings against this facility and we had no commercial paper outstanding under our u.s .", "commercial paper program that is backed by this revolving credit facility .", "on july 26 , 2007 , we filed a universal shelf registration statement with the securities and exchange commission , under which we , as a well-known seasoned issuer , have the ability to issue and sell an indeterminate amount of various types of debt and equity securities .", "our cash-adjusted debt-to-capital ratio ( total debt-minus-cash to total debt-plus-equity-minus-cash ) was 22 percent at december 31 , 2007 , compared to six percent at year-end 2006 as shown below .", "this includes $ 498 million of debt that is serviced by united states steel .", "( dollars in millions ) 2007 2006 ." ]

[ "( a ) following the issuance of the $ 1.0 billion of revenue bonds by the parish of st .", "john the baptist , the proceeds were trusteed and will be disbursed to us upon our request for reimbursement of expenditures related to the garyville refinery expansion .", "the trusteed funds are reflected as other noncurrent assets in the accompanying consolidated balance sheet as of december 31 , 2007. ." ]

[ [ "<i>(Dollars in millions)</i>", "2007", "2006" ], [ "Long-term debt due within one year", "$1,131", "$471" ], [ "Long-term debt", "6,084", "3,061" ], [ "Total debt", "$7,215", "$3,532" ], [ "Cash", "$1,199", "$2,585" ], [ "Trusteed funds from revenue bonds^(a)", "$744", "$–" ], [ "Equity", "$19,223", "$14,607" ], [ "Calculation:", "", "" ], [ "Total debt", "$7,215", "$3,532" ], [ "Minus cash", "1,199", "2,585" ], [ "Minus trusteed funds from revenue bonds", "744", "–" ], [ "Total debt minus cash", "5,272", "947" ], [ "Total debt", "7,215", "3,532" ], [ "Plus equity", "19,223", "14,607" ], [ "Minus cash", "1,199", "2,585" ], [ "Minus trusteed funds from revenue bonds", "744", "–" ], [ "Total debt plus equity minus cash", "$24,495", "$15,554" ], [ "Cash-adjusted debt-to-capital ratio", "22%", "6%" ] ]

[ [ "( dollars in millions )", "2007", "2006" ], [ "long-term debt due within one year", "$ 1131", "$ 471" ], [ "long-term debt", "6084", "3061" ], [ "total debt", "$ 7215", "$ 3532" ], [ "cash", "$ 1199", "$ 2585" ], [ "trusteed funds from revenue bonds ( a )", "$ 744", "$ 2013" ], [ "equity", "$ 19223", "$ 14607" ], [ "calculation:", "", "" ], [ "total debt", "$ 7215", "$ 3532" ], [ "minus cash", "1199", "2585" ], [ "minus trusteed funds from revenue bonds", "744", "2013" ], [ "total debt minus cash", "5272", "947" ], [ "total debt", "7215", "3532" ], [ "plus equity", "19223", "14607" ], [ "minus cash", "1199", "2585" ], [ "minus trusteed funds from revenue bonds", "744", "2013" ], [ "total debt plus equity minus cash", "$ 24495", "$ 15554" ], [ "cash-adjusted debt-to-capital ratio", "22% ( 22 % )", "6% ( 6 % )" ] ]

[ { "arg1": "3.0", "arg2": "const_1000", "op": "multiply2-1", "res": "3000" }, { "arg1": "#0", "arg2": "7215", "op": "add2-2", "res": "10215" } ]

[ "augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business .", "consumer packaging ." ]

[ "north american consumer packaging net sales were $ 1.9 billion in 2015 compared with $ 2.0 billion in 2014 and $ 2.0 billion in 2013 .", "operating profits were $ 81 million ( $ 91 million excluding the cost associated with the planned conversion of our riegelwood mill to 100% ( 100 % ) pulp production , net of proceeds from the sale of the carolina coated bristols brand , and sheet plant closure costs ) in 2015 compared with $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 and $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 .", "coated paperboard sales volumes in 2015 were lower than in 2014 reflecting weaker market demand .", "the business took about 77000 tons of market-related downtime in 2015 compared with about 41000 tons in 2014 .", "average sales price realizations increased modestly year over year as competitive pressures in the current year only partially offset the impact of sales price increases implemented in 2014 .", "input costs decreased for energy and chemicals , but wood costs increased .", "planned maintenance downtime costs were $ 10 million lower in 2015 .", "operating costs were higher , mainly due to inflation and overhead costs .", "foodservice sales volumes increased in 2015 compared with 2014 reflecting strong market demand .", "average sales margins increased due to lower resin costs and a more favorable mix .", "operating costs and distribution costs were both higher .", "looking ahead to the first quarter of 2016 , coated paperboard sales volumes are expected to be slightly lower than in the fourth quarter of 2015 due to our exit from the coated bristols market .", "average sales price realizations are expected to be flat , but margins should benefit from a more favorable product mix .", "input costs are expected to be higher for wood , chemicals and energy .", "planned maintenance downtime costs should be $ 4 million higher with a planned maintenance outage scheduled at our augusta mill in the first quarter .", "foodservice sales volumes are expected to be seasonally lower .", "average sales margins are expected to improve due to a more favorable mix .", "operating costs are expected to decrease .", "european consumer packaging net sales in 2015 were $ 319 million compared with $ 365 million in 2014 and $ 380 million in 2013 .", "operating profits in 2015 were $ 87 million compared with $ 91 million in 2014 and $ 100 million in 2013 .", "sales volumes in 2015 compared with 2014 increased in europe , but decreased in russia .", "average sales margins improved in russia due to slightly higher average sales price realizations and a more favorable mix .", "in europe average sales margins decreased reflecting lower average sales price realizations and an unfavorable mix .", "input costs were lower in europe , primarily for wood and energy , but were higher in russia , primarily for wood .", "looking forward to the first quarter of 2016 , compared with the fourth quarter of 2015 , sales volumes are expected to be stable .", "average sales price realizations are expected to be slightly higher in both russia and europe .", "input costs are expected to be flat , while operating costs are expected to increase .", "asian consumer packaging the company sold its 55% ( 55 % ) equity share in the ip-sun jv in october 2015 .", "net sales and operating profits presented below include results through september 30 , 2015 .", "net sales were $ 682 million in 2015 compared with $ 1.0 billion in 2014 and $ 1.1 billion in 2013 .", "operating profits in 2015 were a loss of $ 193 million ( a loss of $ 19 million excluding goodwill and other asset impairment costs ) compared with losses of $ 5 million in 2014 and $ 2 million in 2013 .", "sales volumes and average sales price realizations were lower in 2015 due to over-supplied market conditions and competitive pressures .", "average sales margins were also negatively impacted by a less favorable mix .", "input costs and freight costs were lower and operating costs also decreased .", "on october 13 , 2015 , the company finalized the sale of its 55% ( 55 % ) interest in ip asia coated paperboard ( ip- sun jv ) business , within the company's consumer packaging segment , to its chinese coated board joint venture partner , shandong sun holding group co. , ltd .", "for rmb 149 million ( approximately usd $ 23 million ) .", "during the third quarter of 2015 , a determination was made that the current book value of the asset group exceeded its estimated fair value of $ 23 million , which was the agreed upon selling price .", "the 2015 loss includes the net pre-tax impairment charge of $ 174 million ( $ 113 million after taxes ) .", "a pre-tax charge of $ 186 million was recorded during the third quarter in the company's consumer packaging segment to write down the long-lived assets of this business to their estimated fair value .", "in the fourth quarter of 2015 , upon the sale and corresponding deconsolidation of ip-sun jv from the company's consolidated balance sheet , final adjustments were made resulting in a reduction of the impairment of $ 12 million .", "the amount of pre-tax losses related to noncontrolling interest of the ip-sun jv included in the company's consolidated statement of operations for the years ended december 31 , 2015 , 2014 and 2013 were $ 19 million , $ 12 million and $ 8 million , respectively .", "the amount of pre-tax losses related to the ip-sun jv included in the company's ." ]

[ [ "In millions", "2015", "2014", "2013" ], [ "Sales", "$2,940", "$3,403", "$3,435" ], [ "Operating Profit (Loss)", "(25)", "178", "161" ] ]

[ [ "in millions", "2015", "2014", "2013" ], [ "sales", "$ 2940", "$ 3403", "$ 3435" ], [ "operating profit ( loss )", "-25 ( 25 )", "178", "161" ] ]

[]

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

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

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

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

[ { "arg1": "66%", "arg2": "70%", "op": "add1-1", "res": "1.36" }, { "arg1": "#0", "arg2": "const_2", "op": "divide0-0", "res": "68%" } ]

[ "fair value of the tangible assets and identifiable intangible assets acquired , was $ 17.7 million .", "goodwill resulted primarily from the company 2019s expectation of synergies from the integration of sigma-c 2019s technology with the company 2019s technology and operations .", "virtio corporation , inc .", "( virtio ) the company acquired virtio on may 15 , 2006 in an all-cash transaction .", "reasons for the acquisition .", "the company believes that its acquisition of virtio will expand its presence in electronic system level design .", "the company expects the combination of the company 2019s system studio solution with virtio 2019s virtual prototyping technology will help accelerate systems to market by giving software developers the ability to begin code development earlier than with prevailing methods .", "purchase price .", "the company paid $ 9.1 million in cash for the outstanding shares of virtio , of which $ 0.9 million was deposited with an escrow agent and which will be paid to the former stockholders of virtio pursuant to the terms of an escrow agreement .", "in addition , the company had a prior investment in virtio of approximately $ 1.7 million .", "the total purchase consideration consisted of: ." ]

[ "acquisition-related costs of $ 0.7 million consist primarily of legal , tax and accounting fees , estimated facilities closure costs and employee termination costs .", "as of october 31 , 2006 , the company had paid $ 0.3 million of the acquisition-related costs .", "the $ 0.4 million balance remaining at october 31 , 2006 primarily consists of professional and tax-related service fees and facilities closure costs .", "under the agreement with virtio , the company has also agreed to pay up to $ 4.3 million over three years to the former stockholders based upon achievement of certain sales milestones .", "this contingent consideration is considered to be additional purchase price and will be an adjustment to goodwill when and if payment is made .", "additionally , the company has also agreed to pay $ 0.9 million in employee retention bonuses which will be recognized as compensation expense over the service period of the applicable employees .", "assets acquired .", "the company has performed a preliminary valuation and allocated the total purchase consideration to the assets and liabilities acquired , including identifiable intangible assets based on their respective fair values on the acquisition date .", "the company acquired $ 2.5 million of intangible assets consisting of $ 1.9 million in existing technology , $ 0.4 million in customer relationships and $ 0.2 million in non-compete agreements to be amortized over five to seven years .", "additionally , the company acquired tangible assets of $ 5.5 million and assumed liabilities of $ 3.2 million .", "goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger , was $ 6.7 million .", "goodwill resulted primarily from the company 2019s expectation of synergies from the integration of virtio 2019s technology with the company 2019s technology and operations .", "hpl technologies , inc .", "( hpl ) the company acquired hpl on december 7 , 2005 in an all-cash transaction .", "reasons for the acquisition .", "the company believes that the acquisition of hpl will help solidify the company 2019s position as a leading electronic design automation vendor in design for manufacturing ( dfm ) ." ]

[ [ "", "(in thousands)" ], [ "Cash paid", "$9,076" ], [ "Prior investment in Virtio", "1,664" ], [ "Acquisition-related costs", "713" ], [ "Total purchase price", "$11,453" ] ]

[ [ "", "( in thousands )" ], [ "cash paid", "$ 9076" ], [ "prior investment in virtio", "1664" ], [ "acquisition-related costs", "713" ], [ "total purchase price", "$ 11453" ] ]

[ { "arg1": "2.5", "arg2": "const_1000", "op": "multiply2-1", "res": "2500" }, { "arg1": "#0", "arg2": "11453", "op": "divide2-2", "res": "22%" } ]

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

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

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

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

[]

[ "2022 international .", "in general , our international markets are less advanced with respect to the current technologies deployed for wireless services .", "as a result , demand for our communications sites is driven by continued voice network investments , new market entrants and initial 3g data network deployments .", "for example , in india , nationwide voice networks continue to be deployed as wireless service providers are beginning their initial investments in 3g data networks , as a result of recent spectrum auctions .", "in mexico and brazil , where nationwide voice networks have been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers and new market entrants to begin their initial investments in 3g data networks .", "in markets such as chile and peru , recent spectrum auctions have attracted new market entrants , who are expected to begin their investment in deploying nationwide voice and 3g data networks .", "we believe demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks .", "rental and management operations new site revenue growth .", "during the year ended december 31 , 2010 , we grew our portfolio of communications sites through acquisitions and construction activities , including the acquisition and construction of approximately 7800 sites .", "we continue to evaluate opportunities to acquire larger communications site portfolios , both domestically and internationally , that we believe we can effectively integrate into our existing portfolio. ." ]

[ "( 1 ) the majority of sites acquired or constructed internationally during 2010 and 2009 were in india and our newly launched operations in chile , colombia and peru .", "network development services segment revenue growth .", "as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a small percentage of our total revenues .", "through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites .", "rental and management operations expenses .", "our rental and management operations expenses include our direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance and utilities .", "these segment level expenses exclude all segment and corporate level selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense .", "in general , our rental and management segment level selling , general and administrative expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .", "as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .", "in geographic areas where we have recently launched operations or are focused on materially expanding our site footprint , we may incur additional segment level selling , general and administrative expenses as we increase our presence in these areas .", "our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities .", "reit election .", "as we review our tax strategy and assess the utilization of our federal and state nols , we are actively considering an election to a reit for u.s .", "federal and , where applicable , state income tax purposes .", "we may make the determination to elect reit status for the taxable year beginning january 1 , 2012 , as early as the second half of 2011 , subject to the approval of our board of directors , although there is no certainty as to the timing of a reit election or whether we will make a reit election at all. ." ]

[ [ "New Sites (Acquired or Constructed)", "2010", "2009", "2008" ], [ "Domestic", "947", "528", "160" ], [ "International(1)", "6,865", "3,022", "801" ] ]

[ [ "new sites ( acquired or constructed )", "2010", "2009", "2008" ], [ "domestic", "947", "528", "160" ], [ "international ( 1 )", "6865", "3022", "801" ] ]

[ { "arg1": "947", "arg2": "6865", "op": "add2-1", "res": "7812" }, { "arg1": "6865", "arg2": "#0", "op": "divide2-2", "res": "87.9%" } ]

[ "vertex pharmaceuticals incorporated notes to consolidated financial statements ( continued ) i .", "altus investment ( continued ) of the offering , held 450000 shares of redeemable preferred stock , which are not convertible into common stock and which are redeemable for $ 10.00 per share plus annual dividends of $ 0.50 per share , which have been accruing since the redeemable preferred stock was issued in 1999 , at vertex 2019s option on or after december 31 , 2010 , or by altus at any time .", "the company was restricted from trading altus securities for a period of six months following the initial public offering .", "when the altus securities trading restrictions expired , the company sold the 817749 shares of altus common stock for approximately $ 11.7 million , resulting in a realized gain of approximately $ 7.7 million in august 2006 .", "additionally when the restrictions expired , the company began accounting for the altus warrants as derivative instruments under the financial accounting standards board statement no .", "fas 133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas 133 201d ) .", "in accordance with fas 133 , in the third quarter of 2006 , the company recorded the altus warrants on its consolidated balance sheet at a fair market value of $ 19.1 million and recorded an unrealized gain on the fair market value of the altus warrants of $ 4.3 million .", "in the fourth quarter of 2006 the company sold the altus warrants for approximately $ 18.3 million , resulting in a realized loss of $ 0.7 million .", "as a result of the company 2019s sales of altus common stock and altus warrrants in 2006 , the company recorded a realized gain on a sale of investment of $ 11.2 million .", "in accordance with the company 2019s policy , as outlined in note b , 201caccounting policies , 201d the company assessed its investment in altus , which it accounts for using the cost method , and determined that there had not been any adjustments to the fair values of that investment that would require the company to write down the investment basis of the asset , in 2005 and 2006 .", "the company 2019s cost basis carrying value in its outstanding equity and warrants of altus was $ 18.9 million at december 31 , 2005 .", "j .", "accrued expenses and other current liabilities accrued expenses and other current liabilities consist of the following at december 31 ( in thousands ) : k .", "commitments the company leases its facilities and certain equipment under non-cancelable operating leases .", "the company 2019s leases have terms through april 2018 .", "the term of the kendall square lease began january 1 , 2003 and lease payments commenced in may 2003 .", "the company had an obligation under the kendall square lease , staged through 2006 , to build-out the space into finished laboratory and office space .", "this lease will expire in 2018 , and the company has the option to extend the term for two consecutive terms of ten years each , ultimately expiring in 2038 .", "the company occupies and uses for its operations approximately 120000 square feet of the kendall square facility .", "the company has sublease arrangements in place for the remaining rentable square footage of the kendall square facility , with initial terms that expires in april 2011 and august 2012 .", "see note e , 201crestructuring 201d for further information. ." ]

[ "research and development contract costs $ 57761 $ 20098 payroll and benefits 25115 15832 professional fees 3848 4816 4635 1315 $ 91359 $ 42061 ." ]

[ [ "", "2006", "2005" ], [ "Research and development contract costs", "$57,761", "$20,098" ], [ "Payroll and benefits", "25,115", "15,832" ], [ "Professional fees", "3,848", "4,816" ], [ "Other", "4,635", "1,315" ], [ "Total", "$91,359", "$42,061" ] ]

[ [ "", "2006", "2005" ], [ "research and development contract costs", "$ 57761", "$ 20098" ], [ "payroll and benefits", "25115", "15832" ], [ "professional fees", "3848", "4816" ], [ "other", "4635", "1315" ], [ "total", "$ 91359", "$ 42061" ] ]

[ { "arg1": "11.7", "arg2": "const_1000000", "op": "multiply1-1", "res": "11700000" }, { "arg1": "#0", "arg2": "817749", "op": "divide1-2", "res": "14.3" } ]

[ "the weighted average grant date fair value of performance-based restricted stock units granted during the years 2008 and 2007 was $ 84.33 and $ 71.72 , respectively .", "the total fair value of performance-based restricted stock units vested during 2009 , 2008 and 2007 was $ 33712 , $ 49387 and $ 9181 , respectively .", "at september 30 , 2009 , the weighted average remaining vesting term of performance-based restricted stock units is 1.28 years .", "time-vested restricted stock units time-vested restricted stock units generally cliff vest three years after the date of grant , except for certain key executives of the company , including the executive officers , for which such units generally vest one year following the employee 2019s retirement .", "the related share-based compensation expense is recorded over the requisite service period , which is the vesting period or in the case of certain key executives is based on retirement eligibility .", "the fair value of all time-vested restricted stock units is based on the market value of the company 2019s stock on the date of grant .", "a summary of time-vested restricted stock units outstanding as of september 30 , 2009 , and changes during the year then ended is as follows : weighted average grant date fair value ." ]

[ "the weighted average grant date fair value of time-vested restricted stock units granted during the years 2008 and 2007 was $ 84.42 and $ 72.20 , respectively .", "the total fair value of time-vested restricted stock units vested during 2009 , 2008 and 2007 was $ 29535 , $ 26674 and $ 3392 , respectively .", "at september 30 , 2009 , the weighted average remaining vesting term of the time-vested restricted stock units is 1.71 years .", "the amount of unrecognized compensation expense for all non-vested share-based awards as of september 30 , 2009 , is approximately $ 97034 , which is expected to be recognized over a weighted-average remaining life of approximately 2.02 years .", "at september 30 , 2009 , 4295402 shares were authorized for future grants under the 2004 plan .", "the company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury .", "at september 30 , 2009 , the company has sufficient shares held in treasury to satisfy these payments in 2010 .", "other stock plans the company has a stock award plan , which allows for grants of common shares to certain key employees .", "distribution of 25% ( 25 % ) or more of each award is deferred until after retirement or involuntary termination , upon which the deferred portion of the award is distributable in five equal annual installments .", "the balance of the award is distributable over five years from the grant date , subject to certain conditions .", "in february 2004 , this plan was terminated with respect to future grants upon the adoption of the 2004 plan .", "at september 30 , 2009 and 2008 , awards for 114197 and 161145 shares , respectively , were outstanding .", "becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "", "Stock Units", "Weighted Average Grant Date Fair Value" ], [ "Balance at October 1", "1,570,329", "$69.35" ], [ "Granted", "618,679", "62.96" ], [ "Distributed", "(316,839)", "60.32" ], [ "Forfeited or canceled", "(165,211)", "62.58" ], [ "Balance at September 30", "1,706,958", "$69.36" ], [ "Expected to vest at September 30", "1,536,262", "$69.36" ] ]

[ [ "", "stock units", "weighted average grant date fair value" ], [ "balance at october 1", "1570329", "$ 69.35" ], [ "granted", "618679", "62.96" ], [ "distributed", "-316839 ( 316839 )", "60.32" ], [ "forfeited or canceled", "-165211 ( 165211 )", "62.58" ], [ "balance at september 30", "1706958", "$ 69.36" ], [ "expected to vest at september 30", "1536262", "$ 69.36" ] ]

[ { "arg1": "29535", "arg2": "26674", "op": "add2-1", "res": "56209" }, { "arg1": "#0", "arg2": "3392", "op": "add2-2", "res": "59601" }, { "arg1": "#1", "arg2": "const_3", "op": "divide2-3", "res": "19867" } ]

[ "notes to consolidated financial statements 2014 ( continued ) the following table summarizes the changes in non-vested restricted stock awards for the year ended may 31 , 2009 ( share awards in thousands ) : share awards weighted average grant-date fair value ." ]

[ "the weighted average grant-date fair value of share awards granted in the years ended may 31 , 2008 and 2007 was $ 38 and $ 45 , respectively .", "the total fair value of share awards vested during the years ended may 31 , 2009 , 2008 and 2007 was $ 6.2 million , $ 4.1 million and $ 1.7 million , respectively .", "we recognized compensation expense for restricted stock of $ 9.0 million , $ 5.7 million , and $ 2.7 million in the years ended may 31 , 2009 , 2008 and 2007 .", "as of may 31 , 2009 , there was $ 23.5 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.9 years .", "employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 million shares of our common stock has been authorized .", "employees may designate up to the lesser of $ 25000 or 20% ( 20 % ) of their annual compensation for the purchase of stock .", "the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period .", "as of may 31 , 2009 , 0.8 million shares had been issued under this plan , with 1.6 million shares reserved for future issuance .", "the weighted average grant-date fair value of each designated share purchased under this plan was $ 6 , $ 6 and $ 8 in the years ended may 31 , 2009 , 2008 and 2007 , respectively .", "these values represent the fair value of the 15% ( 15 % ) discount .", "note 12 2014segment information general information during fiscal 2009 , we began assessing our operating performance using a new segment structure .", "we made this change as a result of our june 30 , 2008 acquisition of 51% ( 51 % ) of hsbc merchant services llp in the united kingdom , in addition to anticipated future international expansion .", "beginning with the quarter ended august 31 , 2008 , the reportable segments are defined as north america merchant services , international merchant services , and money transfer .", "the following tables reflect these changes and such reportable segments for fiscal years 2009 , 2008 , and 2007. ." ]

[ [ "", "Share Awards", "Weighted Average Grant-Date Fair Value" ], [ "Non-vested at May 31, 2007", "278", "$37" ], [ "Granted", "400", "38" ], [ "Vested", "(136)", "30" ], [ "Forfeited", "(24)", "40" ], [ "Non-vested at May 31, 2008", "518", "39" ], [ "Granted", "430", "43" ], [ "Vested", "(159)", "39" ], [ "Forfeited", "(27)", "41" ], [ "Non-vested at May 31, 2009", "762", "42" ] ]

[ [ "", "share awards", "weighted average grant-date fair value" ], [ "non-vested at may 31 2007", "278", "$ 37" ], [ "granted", "400", "38" ], [ "vested", "-136 ( 136 )", "30" ], [ "forfeited", "-24 ( 24 )", "40" ], [ "non-vested at may 31 2008", "518", "39" ], [ "granted", "430", "43" ], [ "vested", "-159 ( 159 )", "39" ], [ "forfeited", "-27 ( 27 )", "41" ], [ "non-vested at may 31 2009", "762", "42" ] ]

[ { "arg1": "6.2", "arg2": "1.7", "op": "minus2-1", "res": "4.5" }, { "arg1": "#0", "arg2": "1.7", "op": "divide2-2", "res": "265%" } ]

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

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

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

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

[ { "arg1": "184896", "arg2": "187163", "op": "minus1-1", "res": "-2267" }, { "arg1": "#0", "arg2": "187163", "op": "divide1-2", "res": "-1.2%" } ]

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

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

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

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

[ { "arg1": "395240", "arg2": "359829", "op": "minus2-1", "res": "35411" }, { "arg1": "#0", "arg2": "359829", "op": "divide2-2", "res": "9.8%" } ]

[ "operating expenses millions 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 ." ]

[ "operating expenses increased $ 1.2 billion in 2010 versus 2009 .", "our fuel price per gallon increased 31% ( 31 % ) during the year , accounting for $ 566 million of the increase .", "wage and benefit inflation , depreciation , volume-related costs , and property taxes also contributed to higher expenses during 2010 compared to 2009 .", "cost savings from productivity improvements and better resource utilization partially offset these increases .", "operating expenses decreased $ 3.1 billion in 2009 versus 2008 .", "our fuel price per gallon declined 44% ( 44 % ) during 2009 , decreasing operating expenses by $ 1.3 billion compared to 2008 .", "cost savings from lower volume , productivity improvements , and better resource utilization also decreased operating expenses in 2009 .", "in addition , lower casualty expense resulting primarily from improving trends in safety performance decreased operating expenses in 2009 .", "conversely , wage and benefit inflation partially offset these reductions .", "compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs .", "general wage and benefit inflation increased costs by approximately $ 190 million in 2010 compared to 2009 .", "volume- related expenses and higher equity and incentive compensation also drove costs up during the year .", "workforce levels declined 1% ( 1 % ) in 2010 compared to 2009 as network efficiencies and ongoing productivity initiatives enabled us to effectively handle the 13% ( 13 % ) increase in volume levels with fewer employees .", "lower volume and productivity initiatives led to a 10% ( 10 % ) decline in our workforce in 2009 compared to 2008 , saving $ 516 million during the year .", "conversely , general wage and benefit inflation increased expenses , partially offsetting these savings .", "fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment .", "higher diesel fuel prices , which averaged $ 2.29 per gallon ( including taxes and transportation costs ) in 2010 compared to $ 1.75 per gallon in 2009 , increased expenses by $ 566 million .", "volume , as measured by gross ton-miles , increased 10% ( 10 % ) in 2010 versus 2009 , driving fuel expense up by $ 166 million .", "conversely , the use of newer , more fuel efficient locomotives , our fuel conservation programs and efficient network operations drove a 3% ( 3 % ) improvement in our fuel consumption rate in 2010 , resulting in $ 40 million of cost savings versus 2009 at the 2009 average fuel price .", "lower diesel fuel prices , which averaged $ 1.75 per gallon ( including taxes and transportation costs ) in 2009 compared to $ 3.15 per gallon in 2008 , reduced expenses by $ 1.3 billion in 2009 .", "volume , as measured by gross ton-miles , decreased 17% ( 17 % ) in 2009 , lowering expenses by $ 664 million compared to 2008 .", "our fuel consumption rate improved 4% ( 4 % ) in 2009 , resulting in $ 147 million of cost savings versus 2008 at the 2008 average fuel price .", "the consumption rate savings versus 2008 using the lower 2009 fuel price was $ 68 million .", "newer , more fuel efficient locomotives , reflecting locomotive acquisitions in recent years and the impact of a smaller fleet due to storage of some of our older locomotives ; increased use of 2010 operating expenses ." ]

[ [ "<i>Millions</i>", "<i>2010</i>", "<i>2009</i>", "<i>2008</i>", "<i>% Change</i> <i>2010 v 2009</i>", "<i>% Change</i><i>2009 v 2008</i>" ], [ "Compensation and benefits", "$4,314", "$4,063", "$4,457", "6%", "(9)%" ], [ "Fuel", "2,486", "1,763", "3,983", "41", "(56)" ], [ "Purchased services and materials", "1,836", "1,644", "1,928", "12", "(15)" ], [ "Depreciation", "1,487", "1,427", "1,366", "4", "4" ], [ "Equipment and other rents", "1,142", "1,180", "1,326", "(3)", "(11)" ], [ "Other", "719", "687", "840", "5", "(18)" ], [ "Total", "$11,984", "$10,764", "$13,900", "11%", "(23)%" ] ]

[ [ "millions", "2010", "2009", "2008", "% ( % ) change 2010 v 2009", "% ( % ) change2009 v 2008" ], [ "compensation and benefits", "$ 4314", "$ 4063", "$ 4457", "6% ( 6 % )", "( 9 ) % ( % )" ], [ "fuel", "2486", "1763", "3983", "41", "-56 ( 56 )" ], [ "purchased services and materials", "1836", "1644", "1928", "12", "-15 ( 15 )" ], [ "depreciation", "1487", "1427", "1366", "4", "4" ], [ "equipment and other rents", "1142", "1180", "1326", "-3 ( 3 )", "-11 ( 11 )" ], [ "other", "719", "687", "840", "5", "-18 ( 18 )" ], [ "total", "$ 11984", "$ 10764", "$ 13900", "11% ( 11 % )", "( 23 ) % ( % )" ] ]

[ { "arg1": "2.29", "arg2": "1.75", "op": "minus1-1", "res": "0.54" }, { "arg1": "#0", "arg2": "1.75", "op": "divide1-2", "res": "0.309" } ]

[ "performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2011 to december 31 , 2016. ." ]

[ "the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2011 and that all dividends were reinvested .", "past performance is not necessarily an indicator of future results. ." ]

[ [ "", "12/11", "12/12", "12/13", "12/14", "12/15", "12/16" ], [ "Royal Caribbean Cruises Ltd.", "100.00", "139.36", "198.03", "350.40", "437.09", "362.38" ], [ "S&P 500", "100.00", "116.00", "153.58", "174.60", "177.01", "198.18" ], [ "Dow Jones US Travel & Leisure", "100.00", "113.33", "164.87", "191.85", "203.17", "218.56" ] ]

[ [ "", "12/11", "12/12", "12/13", "12/14", "12/15", "12/16" ], [ "royal caribbean cruises ltd .", "100.00", "139.36", "198.03", "350.40", "437.09", "362.38" ], [ "s&p 500", "100.00", "116.00", "153.58", "174.60", "177.01", "198.18" ], [ "dow jones us travel & leisure", "100.00", "113.33", "164.87", "191.85", "203.17", "218.56" ] ]

[ { "arg1": "198.18", "arg2": "const_100", "op": "minus2-1", "res": "98.18" }, { "arg1": "#0", "arg2": "const_100", "op": "divide2-2", "res": ".9818" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "98.18" } ]

[ "the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2010 , 2009 , and 2008 ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions .", "( 4 ) non-recourse debt of $ 708 million as of december 31 , 2009 was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets .", "non-recourse debt as of december 31 , 2010 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) ." ]

[ "as of december 31 , 2010 , aes subsidiaries with facilities under construction had a total of approximately $ 432 million of committed but unused credit facilities available to fund construction and other related costs .", "excluding these facilities under construction , aes subsidiaries had approximately $ 893 million in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs .", "these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses .", "the weighted average interest rate on borrowings from these facilities was 3.24% ( 3.24 % ) at december 31 , 2010 .", "non-recourse debt covenants , restrictions and defaults the terms of the company 2019s non-recourse debt include certain financial and non-financial covenants .", "these covenants are limited to subsidiary activity and vary among the subsidiaries .", "these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness .", "compliance with certain covenants may not be objectively determinable .", "as of december 31 , 2010 and 2009 , approximately $ 803 million and $ 653 million , respectively , of restricted cash was maintained in accordance with certain covenants of the non-recourse debt agreements , and these amounts were included within 201crestricted cash 201d and 201cdebt service reserves and other deposits 201d in the accompanying consolidated balance sheets .", "various lender and governmental provisions restrict the ability of certain of the company 2019s subsidiaries to transfer their net assets to the parent company .", "such restricted net assets of subsidiaries amounted to approximately $ 5.4 billion at december 31 , 2010. ." ]

[ [ "December 31,", "Annual Maturities (in millions)" ], [ "2011", "$2,577" ], [ "2012", "657" ], [ "2013", "953" ], [ "2014", "1,839" ], [ "2015", "1,138" ], [ "Thereafter", "7,957" ], [ "Total non-recourse debt", "$15,121" ] ]

[ [ "december 31,", "annual maturities ( in millions )" ], [ "2011", "$ 2577" ], [ "2012", "657" ], [ "2013", "953" ], [ "2014", "1839" ], [ "2015", "1138" ], [ "thereafter", "7957" ], [ "total non-recourse debt", "$ 15121" ] ]

[]

[ "28 , 35 , or 90 days .", "the funds associated with failed auctions will not be accessible until a successful auction occurs or a buyer is found outside of the auction process .", "based on broker- dealer valuation models and an analysis of other-than-temporary impairment factors , auction rate securities with an original par value of approximately $ 34 million were written-down to an estimated fair value of $ 16 million as of december 31 , 2007 .", "this write-down resulted in an 201cother-than-temporary 201d impairment charge of approximately $ 8 million ( pre-tax ) included in net income and a temporary impairment charge of $ 10 million ( pre-tax ) reflected as an unrealized loss within other comprehensive income for 2007 .", "as of december 31 , 2007 , these investments in auction rate securities have been in a loss position for less than six months .", "these auction rate securities are classified as non-current marketable securities as of december 31 , 2007 as indicated in the preceding table .", "3m reviews impairments associated with the above in accordance with emerging issues task force ( eitf ) 03-1 and fsp sfas 115-1 and 124-1 , 201cthe meaning of other-than-temporary-impairment and its application to certain investments , 201d to determine the classification of the impairment as 201ctemporary 201d or 201cother-than-temporary . 201d a temporary impairment charge results in an unrealized loss being recorded in the other comprehensive income component of stockholders 2019 equity .", "such an unrealized loss does not reduce net income for the applicable accounting period because the loss is not viewed as other-than-temporary .", "the company believes that a portion of the impairment of its auction rate securities investments is temporary and a portion is other-than-temporary .", "the factors evaluated to differentiate between temporary and other-than-temporary include the projected future cash flows , credit ratings actions , and assessment of the credit quality of the underlying collateral .", "the balance at december 31 , 2007 for marketable securities and short-term investments by contractual maturity are shown below .", "actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties .", "dec .", "31 , ( millions ) 2007 ." ]

[ "predetermined intervals , usually every 7 ." ]

[ [ "(Millions)", "Dec. 31, 2007" ], [ "Due in one year or less", "$231" ], [ "Due after one year through three years", "545" ], [ "Due after three years through five years", "221" ], [ "Due after five years", "62" ], [ "Total marketable securities", "$1,059" ] ]

[ [ "( millions )", "dec . 31 2007" ], [ "due in one year or less", "$ 231" ], [ "due after one year through three years", "545" ], [ "due after three years through five years", "221" ], [ "due after five years", "62" ], [ "total marketable securities", "$ 1059" ] ]

[ { "arg1": "34", "arg2": "16", "op": "minus1-1", "res": "18" }, { "arg1": "#0", "arg2": "34", "op": "divide1-2", "res": "52.9%" } ]

[ "management 2019s discussion and analysis net revenues in equities were $ 8.26 billion for 2011 , 2% ( 2 % ) higher than 2010 .", "during 2011 , average volatility levels increased and equity prices in europe and asia declined significantly , particularly during the third quarter .", "the increase in net revenues reflected higher commissions and fees , primarily due to higher market volumes , particularly during the third quarter of 2011 .", "in addition , net revenues in securities services increased compared with 2010 , reflecting the impact of higher average customer balances .", "equities client execution net revenues were lower than 2010 , primarily reflecting significantly lower net revenues in shares .", "the net gain attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 , compared with a net gain of $ 198 million ( $ 188 million and $ 10 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2010 .", "institutional client services operated in an environment generally characterized by increased concerns regarding the weakened state of global economies , including heightened european sovereign debt risk , and its impact on the european banking system and global financial institutions .", "these conditions also impacted expectations for economic prospects in the united states and were reflected in equity and debt markets more broadly .", "in addition , the downgrade in credit ratings of the u.s .", "government and federal agencies and many financial institutions during the second half of 2011 contributed to further uncertainty in the markets .", "these concerns , as well as other broad market concerns , such as uncertainty over financial regulatory reform , continued to have a negative impact on our net revenues during 2011 .", "operating expenses were $ 12.84 billion for 2011 , 14% ( 14 % ) lower than 2010 , due to decreased compensation and benefits expenses , primarily resulting from lower net revenues , lower net provisions for litigation and regulatory proceedings ( 2010 included $ 550 million related to a settlement with the sec ) , the impact of the u.k .", "bank payroll tax during 2010 , as well as an impairment of our nyse dmm rights of $ 305 million during 2010 .", "these decreases were partially offset by higher brokerage , clearing , exchange and distribution fees , principally reflecting higher transaction volumes in equities .", "pre-tax earnings were $ 4.44 billion in 2011 , 35% ( 35 % ) lower than 2010 .", "investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients .", "these investments and loans are typically longer-term in nature .", "we make investments , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , real estate , consolidated investment entities and power generation facilities .", "the table below presents the operating results of our investing & lending segment. ." ]

[ "2012 versus 2011 .", "net revenues in investing & lending were $ 5.89 billion and $ 2.14 billion for 2012 and 2011 , respectively .", "during 2012 , investing & lending net revenues were positively impacted by tighter credit spreads and an increase in global equity prices .", "results for 2012 included a gain of $ 408 million from our investment in the ordinary shares of icbc , net gains of $ 2.39 billion from other investments in equities , primarily in private equities , net gains and net interest income of $ 1.85 billion from debt securities and loans , and other net revenues of $ 1.24 billion , principally related to our consolidated investment entities .", "if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted .", "operating expenses were $ 2.67 billion for 2012 , essentially unchanged compared with 2011 .", "pre-tax earnings were $ 3.23 billion in 2012 , compared with a pre-tax loss of $ 531 million in 2011 .", "goldman sachs 2012 annual report 55 ." ]

[ [ "", "Year Ended December" ], [ "<i>in millions</i>", "2012", "2011", "2010" ], [ "ICBC", "$ 408", "$ (517)", "$ 747" ], [ "Equity securities (excluding ICBC)", "2,392", "1,120", "2,692" ], [ "Debt securities and loans", "1,850", "96", "2,597" ], [ "Other", "1,241", "1,443", "1,505" ], [ "Total net revenues", "5,891", "2,142", "7,541" ], [ "Operating expenses", "2,666", "2,673", "3,361" ], [ "Pre-tax earnings/(loss)", "$3,225", "$ (531)", "$4,180" ] ]

[ [ "in millions", "year ended december 2012", "year ended december 2011", "year ended december 2010" ], [ "icbc", "$ 408", "$ -517 ( 517 )", "$ 747" ], [ "equity securities ( excluding icbc )", "2392", "1120", "2692" ], [ "debt securities and loans", "1850", "96", "2597" ], [ "other", "1241", "1443", "1505" ], [ "total net revenues", "5891", "2142", "7541" ], [ "operating expenses", "2666", "2673", "3361" ], [ "pre-tax earnings/ ( loss )", "$ 3225", "$ -531 ( 531 )", "$ 4180" ] ]

[]

[ "reach in the united states , adding a 1400-person direct sales force , over 300000 merchants and $ 130 billion in annual payments volume .", "goodwill of $ 3.2 billion arising from the merger , included in the north america segment , was attributable to expected growth opportunities , potential synergies from combining our existing businesses and an assembled workforce , and is not deductible for income tax purposes .", "due to the timing of our merger with heartland , we are still in the process of assigning goodwill to our reporting units .", "during the year ended may 31 , 2016 , we incurred transaction costs in connection with the merger of $ 24.4 million , which are recorded in selling , general and administrative expenses in the consolidated statements of income .", "the following reflects the preliminary estimated fair values of the identified intangible assets ( in thousands ) : ." ]

[ "the preliminary estimated fair value of customer-related intangible assets was determined using the income approach , which is based on projected cash flows discounted to their present value using discount rates that consider the timing and risk of the forecasted cash flows .", "the discount rate used is the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics .", "other significant assumptions include terminal value margin rates , future capital expenditures and future working capital requirements .", "acquired technology was valued using the replacement cost method , which required us to estimate the cost to construct an asset of equivalent utility at prices available at the time of the valuation analysis , with adjustments in value for physical deterioration and functional and economic obsolescence .", "trademarks and trade names were valued using the relief-from-royalty approach .", "this method assumes that trade marks and trade names have value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them .", "this method required us to estimate the future revenue for the related brands , the appropriate royalty rate and the weighted-average cost of capital .", "the discount rate used is the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics .", "the weighted-average estimated amortization period for the total estimated acquired intangible assets is approximately 11 years .", "the customer-related intangible assets have an estimated amortization period range of 7-20 years .", "the acquired technology has an estimated amortization period of 5 years .", "the trademarks and trade names have an estimated amortization period of 7 years .", "covenants-not-to-compete have an estimated amortization period range of 1-4 years .", "heartland 2019s revenues and operating income represented approximately 4% ( 4 % ) and less than 0.5% ( 0.5 % ) of our total consolidated revenues and operating income , respectively , for the year ended may 31 , 2016 .", "the following unaudited pro forma information shows the results of our operations for the years ended may 31 , 2016 and may 31 , 2015 as if our merger with heartland had occurred on june 1 , 2014 .", "the unaudited pro forma information reflects the effects of applying our accounting policies and certain pro forma adjustments to the combined historical financial information of global payments and heartland .", "the pro forma adjustments include incremental amortization and depreciation expense , incremental interest expense associated with new long-term debt , a reduction of revenues and operating expenses associated with fair value adjustments made in applying the acquisition-method of accounting and the elimination of nonrecurring transaction costs directly related to the merger .", "global payments inc .", "| 2016 form 10-k annual report 2013 67 ." ]

[ [ "Customer-related intangible assets", "$977,400" ], [ "Acquired technology", "457,000" ], [ "Trademarks and trade names", "176,000" ], [ "Covenants-not-to-compete", "28,640" ], [ "Total estimated acquired intangible assets", "$1,639,040" ] ]

[ [ "customer-related intangible assets", "$ 977400" ], [ "acquired technology", "457000" ], [ "trademarks and trade names", "176000" ], [ "covenants-not-to-compete", "28640" ], [ "total estimated acquired intangible assets", "$ 1639040" ] ]

[]

[ "sources and uses of cash ( in millions ) in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 29 , dec 30 , dec 31 ." ]

[ "md&a consolidated results and analysis 40 ." ]

[ [ "Years Ended(In Millions)", "Dec 29,2018", "Dec 30,2017", "Dec 31,2016" ], [ "Net cash provided by operating activities", "$29,432", "$22,110", "$21,808" ], [ "Net cash used for investing activities", "(11,239)", "(15,762)", "(25,817)" ], [ "Net cash provided by (used for) financing activities", "(18,607)", "(8,475)", "(5,739)" ], [ "Net increase (decrease) in cash and cash equivalents", "$(414)", "$(2,127)", "$(9,748)" ] ]

[ [ "years ended ( in millions )", "dec 292018", "dec 302017", "dec 312016" ], [ "net cash provided by operating activities", "$ 29432", "$ 22110", "$ 21808" ], [ "net cash used for investing activities", "-11239 ( 11239 )", "-15762 ( 15762 )", "-25817 ( 25817 )" ], [ "net cash provided by ( used for ) financing activities", "-18607 ( 18607 )", "-8475 ( 8475 )", "-5739 ( 5739 )" ], [ "net increase ( decrease ) in cash and cash equivalents", "$ -414 ( 414 )", "$ -2127 ( 2127 )", "$ -9748 ( 9748 )" ] ]

[ { "arg1": "29432", "arg2": "22110", "op": "minus2-1", "res": "7322" }, { "arg1": "#0", "arg2": "22110", "op": "divide2-2", "res": "33%" } ]

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

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

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

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

[ { "arg1": "1772", "arg2": "352", "op": "add2-1", "res": "2124" }, { "arg1": "1772", "arg2": "#0", "op": "divide2-2", "res": "83.4%" } ]

[ "vornado realty trust notes to consolidated financial statements ( continued ) 10 .", "redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .", "changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .", "below is a table summarizing the activity of redeemable noncontrolling interests .", "( amounts in thousands ) ." ]

[ "redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .", "accordingly , the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 54865000 and $ 55097000 as of december 31 , 2011 and 2010 , respectively. ." ]

[ [ "Balance at December 31, 2009", "$1,251,628" ], [ "Net income", "55,228" ], [ "Distributions", "(53,515)" ], [ "Conversion of Class A units into common shares, at redemption value", "(126,764)" ], [ "Adjustment to carry redeemable Class A units at redemption value", "191,826" ], [ "Redemption of Series D-12 redeemable units", "(13,000)" ], [ "Other, net", "22,571" ], [ "Balance at December 31, 2010", "1,327,974" ], [ "Net income", "55,912" ], [ "Distributions", "(50,865)" ], [ "Conversion of Class A units into common shares, at redemption value", "(64,830)" ], [ "Adjustment to carry redeemable Class A units at redemption value", "(98,092)" ], [ "Redemption of Series D-11 redeemable units", "(28,000)" ], [ "Other, net", "18,578" ], [ "Balance at December 31, 2011", "$1,160,677" ] ]

[ [ "balance at december 31 2009", "$ 1251628" ], [ "net income", "55228" ], [ "distributions", "-53515 ( 53515 )" ], [ "conversion of class a units into common shares at redemption value", "-126764 ( 126764 )" ], [ "adjustment to carry redeemable class a units at redemption value", "191826" ], [ "redemption of series d-12 redeemable units", "-13000 ( 13000 )" ], [ "other net", "22571" ], [ "balance at december 31 2010", "1327974" ], [ "net income", "55912" ], [ "distributions", "-50865 ( 50865 )" ], [ "conversion of class a units into common shares at redemption value", "-64830 ( 64830 )" ], [ "adjustment to carry redeemable class a units at redemption value", "-98092 ( 98092 )" ], [ "redemption of series d-11 redeemable units", "-28000 ( 28000 )" ], [ "other net", "18578" ], [ "balance at december 31 2011", "$ 1160677" ] ]

[ { "arg1": "1327974", "arg2": "1251628", "op": "minus1-1", "res": "76346" }, { "arg1": "#0", "arg2": "1251628", "op": "divide1-2", "res": "6.1%" } ]

[ "advance auto parts , inc .", "schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .", "these amounts did not impact the company 2019s statement of operations for any year presented .", "note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. ." ]

[ "advance auto parts , inc .", "schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .", "these amounts did not impact the company 2019s statement of operations for any year presented .", "note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. ." ]

[ [ "Allowance for doubtful accounts receivable:", "Balance atBeginningof Period", "Charges toExpenses", "Deductions", "", "Balance atEnd ofPeriod" ], [ "January 3, 2015", "$13,295", "$17,182", "$(14,325)", "⁽¹⁾", "$16,152" ], [ "January 2, 2016", "16,152", "22,067", "(12,461)", "⁽¹⁾", "25,758" ], [ "December 31, 2016", "25,758", "24,597", "(21,191)", "⁽¹⁾", "29,164" ] ]

[ [ "allowance for doubtful accounts receivable:", "balance atbeginningof period", "charges toexpenses", "deductions", "", "balance atend ofperiod" ], [ "january 3 2015", "$ 13295", "$ 17182", "$ -14325 ( 14325 )", "-1 ( 1 )", "$ 16152" ], [ "january 2 2016", "16152", "22067", "-12461 ( 12461 )", "-1 ( 1 )", "25758" ], [ "december 31 2016", "25758", "24597", "-21191 ( 21191 )", "-1 ( 1 )", "29164" ] ]

[ { "arg1": "29164", "arg2": "13295", "op": "minus1-1", "res": "15869" }, { "arg1": "#0", "arg2": "13295", "op": "divide1-2", "res": "119.4%" } ]

[ "hologic , inc .", "notes to consolidated financial statements 2014 ( continued ) ( in thousands , except per share data ) future minimum lease payments under all the company 2019s operating leases are approximately as follows: ." ]

[ "the company subleases a portion of its bedford facility and has received rental income of $ 277 , $ 410 and $ 682 for fiscal years 2004 , 2003 and 2002 , respectively , which has been recorded as an offset to rent expense in the accompanying statements of income .", "rental expense , net of sublease income , was approximately $ 4660 , $ 4963 , and $ 2462 for fiscal 2004 , 2003 and 2002 , respectively .", "9 .", "business segments and geographic information the company reports segment information in accordance with sfas no .", "131 , disclosures about segments of an enterprise and related information .", "operating segments are identified as components of an enterprise about which separate , discrete financial information is available for evaluation by the chief operating decision maker , or decision-making group , in making decisions how to allocate resources and assess performance .", "the company 2019s chief decision-maker , as defined under sfas no .", "131 , is the chief executive officer .", "to date , the company has viewed its operations and manages its business as four principal operating segments : the manufacture and sale of mammography products , osteoporosis assessment products , digital detectors and other products .", "as a result of the company 2019s implementation of a company wide integrated software application in fiscal 2003 , identifiable assets for the four principal operating segments only consist of inventories , intangible assets , and property and equipment .", "the company has presented all other assets as corporate assets .", "prior periods have been restated to conform to this presentation .", "intersegment sales and transfers are not significant. ." ]

[ [ "Fiscal Years Ending", "Amount" ], [ "September 24, 2005", "$4,848" ], [ "September 30, 2006", "4,672" ], [ "September 29, 2007", "3,680" ], [ "September 27, 2008", "3,237" ], [ "September 26, 2009", "3,158" ], [ "Thereafter", "40,764" ], [ "Total (not reduced by minimum sublease rentals of $165)", "$60,359" ] ]

[ [ "fiscal years ending", "amount" ], [ "september 24 2005", "$ 4848" ], [ "september 30 2006", "4672" ], [ "september 29 2007", "3680" ], [ "september 27 2008", "3237" ], [ "september 26 2009", "3158" ], [ "thereafter", "40764" ], [ "total ( not reduced by minimum sublease rentals of $ 165 )", "$ 60359" ] ]

[]

[ "the changes in the gross amount of unrecognized tax benefits for the year ended december 29 , 2007 are as follows: ." ]

[ "as of december 29 , 2007 , $ 228.4 million of unrecognized tax benefits would , if recognized , reduce the effective tax rate , as compared to $ 232.1 million as of december 31 , 2006 , the first day of cadence 2019s fiscal year .", "the total amounts of interest and penalties recognized in the consolidated income statement for the year ended december 29 , 2007 resulted in net tax benefits of $ 11.1 million and $ 0.4 million , respectively , primarily due to the effective settlement of tax audits during the year .", "the total amounts of gross accrued interest and penalties recognized in the consolidated balance sheets as of december 29 , 2007 , were $ 47.9 million and $ 9.7 million , respectively as compared to $ 65.8 million and $ 10.1 million , respectively as of december 31 , 2006 .", "note 9 .", "acquisitions for each of the acquisitions described below , the results of operations and the estimated fair value of the assets acquired and liabilities assumed have been included in cadence 2019s consolidated financial statements from the date of the acquisition .", "comparative pro forma financial information for all 2007 , 2006 and 2005 acquisitions have not been presented because the results of operations were not material to cadence 2019s consolidated financial statements .", "2007 acquisitions during 2007 , cadence acquired invarium , inc. , a san jose-based developer of advanced lithography-modeling and pattern-synthesis technology , and clear shape technologies , inc. , a san jose-based design for manufacturing technology company specializing in design-side solutions to minimize yield loss for advanced semiconductor integrated circuits .", "cadence acquired these two companies for an aggregate purchase price of $ 75.5 million , which included the payment of cash , the fair value of assumed options and acquisition costs .", "the $ 45.7 million of goodwill recorded in connection with these acquisitions is not expected to be deductible for income tax purposes .", "prior to acquiring clear shape technologies , inc. , cadence had an investment of $ 2.0 million in the company , representing a 12% ( 12 % ) ownership interest , which had been accounted for under the cost method of accounting .", "in accordance with sfas no .", "141 , 201cbusiness combinations , 201d cadence accounted for this acquisition as a step acquisition .", "subsequent adjustments to the purchase price of these acquired companies are included in the 201cother 201d line of the changes of goodwill table in note 10 below .", "2006 acquisition in march 2006 , cadence acquired a company for an aggregate initial purchase price of $ 25.8 million , which included the payment of cash , the fair value of assumed options and acquisition costs .", "the preliminary allocation of the purchase price was recorded as $ 17.4 million of goodwill , $ 9.4 million of identifiable intangible assets and $ ( 1.0 ) million of net liabilities .", "the $ 17.4 million of goodwill recorded in connection with this acquisition is not expected to be deductible for income tax purposes .", "subsequent adjustments to the purchase price of this acquired company are included in the 201cother 201d line of the changes of goodwill table in note 10 below. ." ]

[ [ "", "(In thousands)" ], [ "Balance as of December 31, 2006", "$337,226" ], [ "Gross amount of the decreases in unrecognized tax benefits of tax positions taken during a prior year", "(31,608)" ], [ "Gross amount of the increases in unrecognized tax benefits as a result of tax positions taken during the current year", "7,764" ], [ "Amount of decreases in unrecognized tax benefits relating to settlements with taxing authorities", "(6,001)" ], [ "Reductions to unrecognized tax benefits resulting from the lapse of the applicable statute of limitations", "(511)" ], [ "Balance as of December 29, 2007", "$306,870" ] ]

[ [ "", "( in thousands )" ], [ "balance as of december 31 2006", "$ 337226" ], [ "gross amount of the decreases in unrecognized tax benefits of tax positions taken during a prior year", "-31608 ( 31608 )" ], [ "gross amount of the increases in unrecognized tax benefits as a result of tax positions taken during the current year", "7764" ], [ "amount of decreases in unrecognized tax benefits relating to settlements with taxing authorities", "-6001 ( 6001 )" ], [ "reductions to unrecognized tax benefits resulting from the lapse of the applicable statute of limitations", "-511 ( 511 )" ], [ "balance as of december 29 2007", "$ 306870" ] ]

[ { "arg1": "306870", "arg2": "337226", "op": "minus1-1", "res": "-30356" }, { "arg1": "#0", "arg2": "337226", "op": "divide1-2", "res": "-9.0%" } ]

[ "page 73 of 98 notes to consolidated financial statements ball corporation and subsidiaries 15 .", "shareholders 2019 equity at december 31 , 2006 , the company had 550 million shares of common stock and 15 million shares of preferred stock authorized , both without par value .", "preferred stock includes 120000 authorized but unissued shares designated as series a junior participating preferred stock .", "under the company 2019s shareholder rights agreement dated july 26 , 2006 , one preferred stock purchase right ( right ) is attached to each outstanding share of ball corporation common stock .", "subject to adjustment , each right entitles the registered holder to purchase from the company one one-thousandth of a share of series a junior participating preferred stock at an exercise price of $ 185 per right .", "if a person or group acquires 10 percent or more of the company 2019s outstanding common stock ( or upon occurrence of certain other events ) , the rights ( other than those held by the acquiring person ) become exercisable and generally entitle the holder to purchase shares of ball corporation common stock at a 50 percent discount .", "the rights , which expire in 2016 , are redeemable by the company at a redemption price of $ 0.001 per right and trade with the common stock .", "exercise of such rights would cause substantial dilution to a person or group attempting to acquire control of the company without the approval of ball 2019s board of directors .", "the rights would not interfere with any merger or other business combinations approved by the board of directors .", "the company reduced its share repurchase program in 2006 to $ 45.7 million , net of issuances , compared to $ 358.1 million net repurchases in 2005 and $ 50 million in 2004 .", "the net repurchases in 2006 did not include a forward contract entered into in december 2006 for the repurchase of 1200000 shares .", "the contract was settled on january 5 , 2007 , for $ 51.9 million in cash .", "in connection with the employee stock purchase plan , the company contributes 20 percent of up to $ 500 of each participating employee 2019s monthly payroll deduction toward the purchase of ball corporation common stock .", "company contributions for this plan were $ 3.2 million in 2006 , $ 3.2 million in 2005 and $ 2.7 million in 2004 .", "accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) ." ]

[ "notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings .", "therefore , no taxes have been provided on the foreign currency translation component for any period .", "the change in the minimum pension liability is presented net of related tax expense of $ 2.9 million for 2006 and related tax benefits of $ 27.3 million and $ 20.8 million for 2005 and 2004 , respectively .", "the change in the effective financial derivatives is presented net of related tax expense of $ 5.7 million for 2006 , related tax benefit of $ 10.7 million for 2005 and related tax benefit of $ 0.2 million for 2004. ." ]

[ [ "($ in millions)", "Foreign Currency Translation", "Pension and Other Postretirement Items, Net of Tax", "Effective Financial Derivatives, Net of Tax", "Accumulated Other Comprehensive Earnings (Loss)" ], [ "December 31, 2003", "$80.7", "$(93.1)", "$11.0", "$(1.4)" ], [ "2004 change", "68.2", "(33.2)", "(0.4)", "34.6" ], [ "December 31, 2004", "148.9", "(126.3)", "10.6", "33.2" ], [ "2005 change", "(74.3)", "(43.6)", "(16.0)", "(133.9)" ], [ "December 31, 2005", "74.6", "(169.9)", "(5.4)", "(100.7)" ], [ "2006 change", "57.2", "8.0", "6.0", "71.2" ], [ "December 31, 2006", "$131.8", "$(161.9)", "$0.6", "$(29.5)" ] ]

[ [ "( $ in millions )", "foreign currency translation", "pension and other postretirement items net of tax", "effective financial derivatives net of tax", "accumulated other comprehensive earnings ( loss )" ], [ "december 31 2003", "$ 80.7", "$ -93.1 ( 93.1 )", "$ 11.0", "$ -1.4 ( 1.4 )" ], [ "2004 change", "68.2", "-33.2 ( 33.2 )", "-0.4 ( 0.4 )", "34.6" ], [ "december 31 2004", "148.9", "-126.3 ( 126.3 )", "10.6", "33.2" ], [ "2005 change", "-74.3 ( 74.3 )", "-43.6 ( 43.6 )", "-16.0 ( 16.0 )", "-133.9 ( 133.9 )" ], [ "december 31 2005", "74.6", "-169.9 ( 169.9 )", "-5.4 ( 5.4 )", "-100.7 ( 100.7 )" ], [ "2006 change", "57.2", "8.0", "6.0", "71.2" ], [ "december 31 2006", "$ 131.8", "$ -161.9 ( 161.9 )", "$ 0.6", "$ -29.5 ( 29.5 )" ] ]

[ { "arg1": "358.1", "arg2": "45.7", "op": "minus2-1", "res": "312.4" }, { "arg1": "#0", "arg2": "358.1", "op": "divide2-2", "res": "87.2%" } ]

[ "$ 25.7 million in cash , including $ 4.2 million in taxes and 1373609 of hep 2019s common units having a fair value of $ 53.5 million .", "roadrunner / beeson pipelines transaction also on december 1 , 2009 , hep acquired our two newly constructed pipelines for $ 46.5 million , consisting of a 65- mile , 16-inch crude oil pipeline ( the 201croadrunner pipeline 201d ) that connects our navajo refinery lovington facility to a terminus of centurion pipeline l.p . 2019s pipeline extending between west texas and cushing , oklahoma and a 37- mile , 8-inch crude oil pipeline that connects hep 2019s new mexico crude oil gathering system to our navajo refinery lovington facility ( the 201cbeeson pipeline 201d ) .", "tulsa west loading racks transaction on august 1 , 2009 , hep acquired from us , certain truck and rail loading/unloading facilities located at our tulsa west facility for $ 17.5 million .", "the racks load refined products and lube oils produced at the tulsa west facility onto rail cars and/or tanker trucks .", "lovington-artesia pipeline transaction on june 1 , 2009 , hep acquired our newly constructed , 16-inch intermediate pipeline for $ 34.2 million that runs 65 miles from our navajo refinery 2019s crude oil distillation and vacuum facilities in lovington , new mexico to its petroleum refinery located in artesia , new mexico .", "slc pipeline joint venture interest on march 1 , 2009 , hep acquired a 25% ( 25 % ) joint venture interest in the slc pipeline , a new 95-mile intrastate pipeline system jointly owned with plains .", "the slc pipeline commenced operations effective march 2009 and allows various refineries in the salt lake city area , including our woods cross refinery , to ship crude oil into the salt lake city area from the utah terminus of the frontier pipeline as well as crude oil flowing from wyoming and utah via plains 2019 rocky mountain pipeline .", "hep 2019s capitalized joint venture contribution was $ 25.5 million .", "rio grande pipeline sale on december 1 , 2009 , hep sold its 70% ( 70 % ) interest in rio grande pipeline company ( 201crio grande 201d ) to a subsidiary of enterprise products partners lp for $ 35 million .", "results of operations of rio grande are presented in discontinued operations .", "in accounting for this sale , hep recorded a gain of $ 14.5 million and a receivable of $ 2.2 million representing its final distribution from rio grande .", "the recorded net asset balance of rio grande at december 1 , 2009 , was $ 22.7 million , consisting of cash of $ 3.1 million , $ 29.9 million in properties and equipment , net and $ 10.3 million in equity , representing bp , plc 2019s 30% ( 30 % ) noncontrolling interest .", "the following table provides income statement information related to hep 2019s discontinued operations : year ended december 31 , 2009 ( in thousands ) ." ]

[ "transportation agreements hep serves our refineries under long-term pipeline and terminal , tankage and throughput agreements expiring in 2019 through 2026 .", "under these agreements , we pay hep fees to transport , store and throughput volumes of refined product and crude oil on hep 2019s pipeline and terminal , tankage and loading rack facilities that result in minimum annual payments to hep .", "under these agreements , the agreed upon tariff rates are subject to annual tariff rate adjustments on july 1 at a rate based upon the percentage change in producer price index ( 201cppi 201d ) or federal energy ." ]

[ [ "", "Year Ended December 31, 2009 (In thousands)" ], [ "Income from discontinued operations before income taxes", "$5,367" ], [ "Income tax expense", "(942)" ], [ "Income from discontinued operations, net", "4,425" ], [ "Gain on sale of discontinued operations before income taxes", "14,479" ], [ "Income tax expense", "(1,978)" ], [ "Gain on sale of discontinued operations, net", "12,501" ], [ "Income from discontinued operations, net", "$16,926" ] ]

[ [ "", "year ended december 31 2009 ( in thousands )" ], [ "income from discontinued operations before income taxes", "$ 5367" ], [ "income tax expense", "-942 ( 942 )" ], [ "income from discontinued operations net", "4425" ], [ "gain on sale of discontinued operations before income taxes", "14479" ], [ "income tax expense", "-1978 ( 1978 )" ], [ "gain on sale of discontinued operations net", "12501" ], [ "income from discontinued operations net", "$ 16926" ] ]

[ { "arg1": "25.7", "arg2": "4.2", "op": "add1-1", "res": "29.9" }, { "arg1": "53.5", "arg2": "#0", "op": "minus1-2", "res": "23.6" }, { "arg1": "#1", "arg2": "1373609", "op": "divide1-3", "res": "0.00001718" } ]

[ "taxes .", "if group or its bermuda subsidiaries were to become subject to u.s .", "income tax ; there could be a material adverse effect on the company 2019s financial condition , results of operations and cash flows .", "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 .", "available information the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy state- ments 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 ) .", "i t e m 1 a .", "r i s k f a c t o r s 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 , finan- cial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly .", "r i s k s r e l a t i n g t o o u r b u s i n e s s 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 .", "we define a catastrophe as an event that causes a pre-tax loss on property exposures before reinsurance of at least $ 5.0 million , before corporate level rein- surance and taxes .", "effective for the third quarter 2005 , industrial risk losses have been excluded from catastrophe losses , with prior periods adjusted for comparison purposes .", "by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: ." ]

[ "our losses from future catastrophic events could exceed our projections .", "we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic under- writing tool .", "we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the purchase of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area .", "these loss projections are approximations reliant on a mix of quantitative and qualitative processes and actual losses may exceed the projections by a material amount .", "we focus on potential losses that can be generated by any single event as part of our evaluation and monitoring of our aggre- gate exposure to catastrophic events .", "accordingly , we employ various techniques to estimate the amount of loss we could sustain from any single catastrophic event in various geographical areas .", "these techniques range from non-modeled deterministic approaches 2014such as tracking aggregate limits exposed in catastrophe-prone zones and applying historic dam- age factors 2014to modeled approaches that scientifically measure catastrophe risks using sophisticated monte carlo simulation techniques that provide insights into the frequency and severity of expected losses on a probabilistic basis .", "if our loss reserves are inadequate to meet our actual losses , net income would be reduced or we could incur a loss .", "we are required to maintain reserves to cover our estimated ultimate liability of losses and loss adjustment expenses for both reported and unreported claims incurred .", "these reserves are only estimates of what we believe the settlement and adminis- tration of claims will cost based on facts and circumstances known to us .", "in setting reserves for our reinsurance liabilities , we rely on claim data supplied by our ceding companies and brokers and we employ actuarial and statistical projections .", "the information received from our ceding companies is not always timely or accurate , which can contribute to inaccuracies in our 81790fin_a 4/13/07 11:08 am page 23 http://www.everestre.com ." ]

[ [ "Calendar year", "Pre-tax catastrophe losses" ], [ "2006", "$287.9", "million" ], [ "2005", "$1,485.7", "million" ], [ "2004", "$390.0", "million" ], [ "2003", "$35.0", "million" ], [ "2002", "$30.0", "million" ] ]

[ [ "calendar year", "calendar year", "" ], [ "2006", "$ 287.9", "million" ], [ "2005", "$ 1485.7", "million" ], [ "2004", "$ 390.0", "million" ], [ "2003", "$ 35.0", "million" ], [ "2002", "$ 30.0", "million" ] ]

[ { "arg1": "287.9", "arg2": "1485.7", "op": "add2-1", "res": "1773.6" }, { "arg1": "#0", "arg2": "390.0", "op": "add2-2", "res": "2163.6" } ]

[ "analog devices , inc .", "notes to consolidated financial statements 2014 ( continued ) depreciation expense for property , plant and equipment was $ 134.5 million , $ 130.1 million and $ 114.1 million in fiscal 2016 , 2015 and 2014 , respectively .", "the company reviews property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable .", "recoverability of these assets is determined by comparison of their carrying amount to the future undiscounted cash flows the assets are expected to generate over their remaining economic lives .", "if such assets are considered to be impaired , the impairment to be recognized in earnings equals the amount by which the carrying value of the assets exceeds their fair value determined by either a quoted market price , if any , or a value determined by utilizing a discounted cash flow technique .", "if such assets are not impaired , but their useful lives have decreased , the remaining net book value is depreciated over the revised useful life .", "we have not recorded any material impairment charges related to our property , plant and equipment in fiscal 2016 , fiscal 2015 or fiscal 2014 .", "f .", "goodwill and intangible assets goodwill the company evaluates goodwill for impairment annually , as well as whenever events or changes in circumstances suggest that the carrying value of goodwill may not be recoverable .", "the company tests goodwill for impairment at the reporting unit level ( operating segment or one level below an operating segment ) on an annual basis on the first day of the fourth quarter ( on or about august 1 ) or more frequently if indicators of impairment exist .", "for the company 2019s latest annual impairment assessment that occurred as of july 31 , 2016 , the company identified its reporting units to be its seven operating segments .", "the performance of the test involves a two-step process .", "the first step of the quantitative impairment test involves comparing the fair values of the applicable reporting units with their aggregate carrying values , including goodwill .", "the company determines the fair value of its reporting units using a weighting of the income and market approaches .", "under the income approach , the company uses a discounted cash flow methodology which requires management to make significant estimates and assumptions related to forecasted revenues , gross profit margins , operating income margins , working capital cash flow , perpetual growth rates , and long-term discount rates , among others .", "for the market approach , the company uses the guideline public company method .", "under this method the company utilizes information from comparable publicly traded companies with similar operating and investment characteristics as the reporting units , to create valuation multiples that are applied to the operating performance of the reporting unit being tested , in order to obtain their respective fair values .", "in order to assess the reasonableness of the calculated reporting unit fair values , the company reconciles the aggregate fair values of its reporting units determined , as described above , to its current market capitalization , allowing for a reasonable control premium .", "if the carrying amount of a reporting unit , calculated using the above approaches , exceeds the reporting unit 2019s fair value , the company performs the second step of the goodwill impairment test to determine the amount of impairment loss .", "the second step of the goodwill impairment test involves comparing the implied fair value of the affected reporting unit 2019s goodwill with the carrying value of that reporting unit .", "there was no impairment of goodwill in any of the fiscal years presented .", "the company 2019s next annual impairment assessment will be performed as of the first day of the fourth quarter of the fiscal year ending october 28 , 2017 ( fiscal 2017 ) unless indicators arise that would require the company to reevaluate at an earlier date .", "the following table presents the changes in goodwill during fiscal 2016 and fiscal 2015: ." ]

[ "( 1 ) amount in fiscal 2015 represents changes to goodwill as a result of finalizing the acquisition accounting related to the hittite acquisition .", "( 2 ) represents goodwill related to other acquisitions that were not material to the company on either an individual or aggregate basis .", "intangible assets the company reviews finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable .", "recoverability of these assets is determined by comparison of their carrying value to the estimated future undiscounted cash flows the assets are expected to generate over their remaining ." ]

[ [ "", "2016", "2015" ], [ "Balance at beginning of year", "$1,636,526", "$1,642,438" ], [ "Acquisition of Hittite (Note 6) (1)", "—", "(1,105)" ], [ "Goodwill adjustment related to other acquisitions (2)", "44,046", "3,663" ], [ "Foreign currency translation adjustment", "(1,456)", "(8,470)" ], [ "Balance at end of year", "$1,679,116", "$1,636,526" ] ]

[ [ "", "2016", "2015" ], [ "balance at beginning of year", "$ 1636526", "$ 1642438" ], [ "acquisition of hittite ( note 6 ) ( 1 )", "2014", "-1105 ( 1105 )" ], [ "goodwill adjustment related to other acquisitions ( 2 )", "44046", "3663" ], [ "foreign currency translation adjustment", "-1456 ( 1456 )", "-8470 ( 8470 )" ], [ "balance at end of year", "$ 1679116", "$ 1636526" ] ]

[]

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

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

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

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

[ { "arg1": "2308609", "arg2": "1941055", "op": "minus2-1", "res": "367554" }, { "arg1": "#0", "arg2": "1941055", "op": "divide2-2", "res": "18.9%" } ]

[ "meet customer needs and put us in a position to handle demand changes .", "we will also continue utilizing industrial engineering techniques to improve productivity .", "2022 fuel prices 2013 uncertainty about the economy makes fuel price projections difficult , and we could see volatile fuel prices during the year , as they are sensitive to global and u.s .", "domestic demand , refining capacity , geopolitical issues and events , weather conditions and other factors .", "to reduce the impact of fuel price on earnings , we will continue to seek recovery from our customers through our fuel surcharge programs and to expand our fuel conservation efforts .", "2022 capital plan 2013 in 2010 , we plan to make total capital investments of approximately $ 2.5 billion , including expenditures for ptc , which may be revised if business conditions or new laws or regulations affect our ability to generate sufficient returns on these investments .", "see further discussion in this item 7 under liquidity and capital resources 2013 capital plan .", "2022 positive train control ( ptc ) 2013 in response to a legislative mandate to implement ptc by the end of 2015 , we expect to spend approximately $ 200 million during 2010 on the development of ptc .", "we currently estimate that ptc will cost us approximately $ 1.4 billion to implement by the end of 2015 , in accordance with rules issued by the fra .", "this includes costs for installing the new system along our tracks , upgrading locomotives to work with the new system , and adding digital data communication equipment so all the parts of the system can communicate with each other .", "2022 financial expectations 2013 we remain cautious about economic conditions but expect volume to increase from 2009 levels .", "in addition , we anticipate continued pricing opportunities and further productivity improvements .", "results of operations operating revenues millions of dollars 2009 2008 2007 % ( % ) change 2009 v 2008 % ( % ) change 2008 v 2007 ." ]

[ "freight revenues are revenues generated by transporting freight or other materials from our six commodity groups .", "freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) .", "changes in price , traffic mix and fuel surcharges drive arc .", "we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as a reduction to freight revenues based on the actual or projected future shipments .", "we recognize freight revenues on a percentage-of-completion basis as freight moves from origin to destination .", "we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .", "other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .", "we recognize other revenues as we perform services or meet contractual obligations .", "freight revenues and volume levels for all six commodity groups decreased during 2009 , reflecting continued economic weakness .", "we experienced the largest volume declines in automotive and industrial ." ]

[ [ "<i>Millions of Dollars</i>", "<i>2009</i>", "<i>2008</i>", "<i>2007</i>", "<i>% Change 2009 v 2008</i>", "<i>% Change 2008 v 2007</i>" ], [ "Freight revenues", "$13,373", "$17,118", "$15,486", "(22)%", "11%" ], [ "Other revenues", "770", "852", "797", "(10)", "7" ], [ "Total", "$14,143", "$17,970", "$16,283", "(21)%", "10%" ] ]

[ [ "millions of dollars", "2009", "2008", "2007", "% ( % ) change 2009 v 2008", "% ( % ) change 2008 v 2007" ], [ "freight revenues", "$ 13373", "$ 17118", "$ 15486", "( 22 ) % ( % )", "11% ( 11 % )" ], [ "other revenues", "770", "852", "797", "-10 ( 10 )", "7" ], [ "total", "$ 14143", "$ 17970", "$ 16283", "( 21 ) % ( % )", "10% ( 10 % )" ] ]

[ { "arg1": "2.5", "arg2": "const_1000", "op": "multiply1-1", "res": "2500" }, { "arg1": "200", "arg2": "#0", "op": "divide1-2", "res": "8%" } ]