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MehdiHosseiniMoghadam

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ConvFinQA

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[ "table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .", "technology supersector index for the five years ended september 26 , 2015 .", "the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .", "technology supersector index as of the market close on september 24 , 2010 .", "note that historic stock price performance is not necessarily indicative of future stock price performance .", "* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .", "data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .", "copyright a9 2015 s&p , a division of mcgraw hill financial .", "all rights reserved .", "copyright a9 2015 dow jones & co .", "all rights reserved .", "september september september september september september ." ]

[ "apple inc .", "| 2015 form 10-k | 21 ." ]

[ [ "", "September 2010", "September 2011", "September 2012", "September 2013", "September 2014", "September 2015" ], [ "Apple Inc.", "$100", "$138", "$229", "$170", "$254", "$294" ], [ "S&P 500 Index", "$100", "$101", "$132", "$157", "$188", "$187" ], [ "S&P Information Technology Index", "$100", "$104", "$137", "$147", "$190", "$194" ], [ "Dow Jones U.S. Technology Supersector Index", "$100", "$103", "$134", "$141", "$183", "$183" ] ]

[ [ "", "september 2010", "september 2011", "september 2012", "september 2013", "september 2014", "september 2015" ], [ "apple inc .", "$ 100", "$ 138", "$ 229", "$ 170", "$ 254", "$ 294" ], [ "s&p 500 index", "$ 100", "$ 101", "$ 132", "$ 157", "$ 188", "$ 187" ], [ "s&p information technology index", "$ 100", "$ 104", "$ 137", "$ 147", "$ 190", "$ 194" ], [ "dow jones u.s . technology supersector index", "$ 100", "$ 103", "$ 134", "$ 141", "$ 183", "$ 183" ] ]

[]

[ "note 9 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations .", "postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material .", "the measurement date used for the company 2019s employee benefit plans is september 30 .", "effective january 1 , 2018 , the legacy u.s .", "pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: ." ]

[ "net pension cost included in the preceding table that is attributable to international plans $ 32 $ 34 $ 43 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods .", "the settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the company 2019s u.s .", "supplemental pension plan .", "the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year .", "as further discussed in note 2 , upon adopting an accounting standard update on october 1 , 2018 , all components of the company 2019s net periodic pension and postretirement benefit costs , aside from service cost , are recorded to other income ( expense ) , net on its consolidated statements of income , for all periods presented .", "notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company ." ]

[ [ "", "Pension Plans" ], [ "(Millions of dollars)", "2019", "2018", "2017" ], [ "Service cost", "$134", "$136", "$110" ], [ "Interest cost", "107", "90", "61" ], [ "Expected return on plan assets", "( 180)", "( 154)", "( 112)" ], [ "Amortization of prior service credit", "( 13)", "( 13)", "( 14)" ], [ "Amortization of loss", "78", "78", "92" ], [ "Settlements", "10", "2", "—" ], [ "Net pension cost", "$135", "$137", "$138" ], [ "Net pension cost included in the preceding table that is attributable to international plans", "$32", "$34", "$43" ] ]

[ [ "( millions of dollars )", "pension plans 2019", "pension plans 2018", "pension plans 2017" ], [ "service cost", "$ 134", "$ 136", "$ 110" ], [ "interest cost", "107", "90", "61" ], [ "expected return on plan assets", "( 180 )", "( 154 )", "( 112 )" ], [ "amortization of prior service credit", "( 13 )", "( 13 )", "( 14 )" ], [ "amortization of loss", "78", "78", "92" ], [ "settlements", "10", "2", "2014" ], [ "net pension cost", "$ 135", "$ 137", "$ 138" ], [ "net pension cost included in the preceding table that is attributable to international plans", "$ 32", "$ 34", "$ 43" ] ]

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[ "entergy new orleans , inc .", "and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income .", "2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate .", "net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .", "following is an analysis of the change in net revenue comparing 2016 to 2015 .", "amount ( in millions ) ." ]

[ "the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station .", "see note 14 to the financial statements for discussion of the union power station purchase .", "the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales .", "the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. ." ]

[ [ "", "Amount (In Millions)" ], [ "2015 net revenue", "$293.9" ], [ "Retail electric price", "39.0" ], [ "Net gas revenue", "(2.5)" ], [ "Volume/weather", "(5.1)" ], [ "Other", "(8.1)" ], [ "2016 net revenue", "$317.2" ] ]

[ [ "", "amount ( in millions )" ], [ "2015 net revenue", "$ 293.9" ], [ "retail electric price", "39.0" ], [ "net gas revenue", "-2.5 ( 2.5 )" ], [ "volume/weather", "-5.1 ( 5.1 )" ], [ "other", "-8.1 ( 8.1 )" ], [ "2016 net revenue", "$ 317.2" ] ]

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[ "foreign currency exchange rate risk many of our non-u.s .", "companies maintain both assets and liabilities in local currencies .", "therefore , foreign exchange rate risk is generally limited to net assets denominated in those foreign currencies .", "foreign exchange rate risk is reviewed as part of our risk management process .", "locally required capital levels are invested in home currencies in order to satisfy regulatory require- ments and to support local insurance operations regardless of currency fluctuations .", "the principal currencies creating foreign exchange risk for us are the british pound sterling , the euro , and the canadian dollar .", "the following table provides more information on our exposure to foreign exchange rate risk at december 31 , 2008 and 2007. ." ]

[ "reinsurance of gmdb and gmib guarantees our net income is directly impacted by changes in the reserves calculated in connection with the reinsurance of variable annuity guarantees , primarily gmdb and gmib .", "these reserves are calculated in accordance with sop 03-1 ( sop reserves ) and changes in these reserves are reflected as life and annuity benefit expense , which is included in life underwriting income .", "in addition , our net income is directly impacted by the change in the fair value of the gmib liability ( fvl ) , which is classified as a derivative according to fas 133 .", "the fair value liability established for a gmib reinsurance contract represents the differ- ence between the fair value of the contract and the sop 03-1 reserves .", "changes in the fair value of the gmib liability , net of associated changes in the calculated sop 03-1 reserve , are reflected as realized gains or losses .", "ace views our variable annuity reinsurance business as having a similar risk profile to that of catastrophe reinsurance , with the probability of long-term economic loss relatively small at the time of pricing .", "adverse changes in market factors and policyholder behavior will have an impact on both life underwriting income and net income .", "when evaluating these risks , we expect to be compensated for taking both the risk of a cumulative long-term economic net loss , as well as the short-term accounting variations caused by these market movements .", "therefore , we evaluate this business in terms of its long-term eco- nomic risk and reward .", "the ultimate risk to the variable annuity guaranty reinsurance business is a long-term underperformance of investment returns , which can be exacerbated by a long-term reduction in interest rates .", "following a market downturn , continued market underperformance over a period of five to seven years would eventually result in a higher level of paid claims as policyholders accessed their guarantees through death or annuitization .", "however , if market conditions improved following a downturn , sop 03-1 reserves and fair value liability would fall reflecting a decreased likelihood of future claims , which would result in an increase in both life underwriting income and net income .", "as of december 31 , 2008 , management established the sop 03-1 reserve based on the benefit ratio calculated using actual market values at december 31 , 2008 .", "management exercises judgment in determining the extent to which short-term market movements impact the sop 03-1 reserve .", "the sop 03-1 reserve is based on the calculation of a long-term benefit ratio ( or loss ratio ) for the variable annuity guarantee reinsurance .", "despite the long-term nature of the risk the benefit ratio calculation is impacted by short-term market movements that may be judged by management to be temporary or transient .", "management will , in keeping with the language in sop 03-1 , regularly examine both quantitative and qualitative analysis and management will determine if , in its judgment , the change in the calculated benefit ratio is of sufficient magnitude and has persisted for a sufficient duration to warrant a change in the benefit ratio used to establish the sop 03-1 reserve .", "this has no impact on either premium received or claims paid nor does it impact the long-term profit or loss of the variable annuity guaran- tee reinsurance .", "the sop 03-1 reserve and fair value liability calculations are directly affected by market factors , including equity levels , interest rate levels , credit risk and implied volatilities , as well as policyholder behaviors , such as annuitization and lapse rates .", "the table below shows the sensitivity , as of december 31 , 2008 , of the sop 03-1 reserves and fair value liability associated with the variable annuity guarantee reinsurance portfolio .", "in addition , the tables below show the sensitivity of the fair value of specific derivative instruments held ( hedge value ) , which includes instruments purchased in january 2009 , to partially offset the risk in the variable annuity guarantee reinsurance portfolio .", "although these derivatives do not receive hedge accounting treatment , some portion of the change in value may be used to offset changes in the sop 03-1 reserve. ." ]

[ [ "(in millions of U.S. dollars)", "2008", "2007" ], [ "Fair value of net assets denominated in foreign currencies", "$1,127", "$1,651" ], [ "Percentage of fair value of total net assets", "7.8%", "9.9%" ], [ "Pre-tax impact on equity of hypothetical 10 percent strengthening of the U.S. dollar", "$84", "$150" ] ]

[ [ "( in millions of u.s . dollars )", "2008", "2007" ], [ "fair value of net assets denominated in foreign currencies", "$ 1127", "$ 1651" ], [ "percentage of fair value of total net assets", "7.8% ( 7.8 % )", "9.9% ( 9.9 % )" ], [ "pre-tax impact on equity of hypothetical 10 percent strengthening of the u.s . dollar", "$ 84", "$ 150" ] ]

[ { "arg1": "1127", "arg2": "1651", "op": "minus2-1", "res": "-524" }, { "arg1": "#0", "arg2": "1651", "op": "divide2-2", "res": "-31.7%" } ]

[ "jpmorgan chase & co./2014 annual report 291 therefore , are not recorded on the consolidated balance sheets until settlement date .", "the unsettled reverse repurchase agreements and securities borrowing agreements predominantly consist of agreements with regular-way settlement periods .", "loan sales- and securitization-related indemnifications mortgage repurchase liability in connection with the firm 2019s mortgage loan sale and securitization activities with the gses , as described in note 16 , the firm has made representations and warranties that the loans sold meet certain requirements .", "the firm has been , and may be , required to repurchase loans and/or indemnify the gses ( e.g. , with 201cmake-whole 201d payments to reimburse the gses for their realized losses on liquidated loans ) .", "to the extent that repurchase demands that are received relate to loans that the firm purchased from third parties that remain viable , the firm typically will have the right to seek a recovery of related repurchase losses from the third party .", "generally , the maximum amount of future payments the firm would be required to make for breaches of these representations and warranties would be equal to the unpaid principal balance of such loans that are deemed to have defects that were sold to purchasers ( including securitization-related spes ) plus , in certain circumstances , accrued interest on such loans and certain expense .", "the following table summarizes the change in the mortgage repurchase liability for each of the periods presented .", "summary of changes in mortgage repurchase liability ( a ) year ended december 31 , ( in millions ) 2014 2013 2012 repurchase liability at beginning of period $ 681 $ 2811 $ 3557 net realized gains/ ( losses ) ( b ) 53 ( 1561 ) ( 1158 ) ." ]

[ "( benefit ) /provision for repurchase ( c ) ( 459 ) ( 390 ) 412 repurchase liability at end of period $ 275 $ 681 $ 2811 ( a ) on october 25 , 2013 , the firm announced that it had reached a $ 1.1 billion agreement with the fhfa to resolve , other than certain limited types of exposures , outstanding and future mortgage repurchase demands associated with loans sold to the gses from 2000 to 2008 .", "( b ) presented net of third-party recoveries and included principal losses and accrued interest on repurchased loans , 201cmake-whole 201d settlements , settlements with claimants , and certain related expense .", "make-whole settlements were $ 11 million , $ 414 million and $ 524 million , for the years ended december 31 , 2014 , 2013 and 2012 , respectively .", "( c ) included a provision related to new loan sales of $ 4 million , $ 20 million and $ 112 million , for the years ended december 31 , 2014 , 2013 and 2012 , respectively .", "private label securitizations the liability related to repurchase demands associated with private label securitizations is separately evaluated by the firm in establishing its litigation reserves .", "on november 15 , 2013 , the firm announced that it had reached a $ 4.5 billion agreement with 21 major institutional investors to make a binding offer to the trustees of 330 residential mortgage-backed securities trusts issued by j.p.morgan , chase , and bear stearns ( 201crmbs trust settlement 201d ) to resolve all representation and warranty claims , as well as all servicing claims , on all trusts issued by j.p .", "morgan , chase , and bear stearns between 2005 and 2008 .", "the seven trustees ( or separate and successor trustees ) for this group of 330 trusts have accepted the rmbs trust settlement for 319 trusts in whole or in part and excluded from the settlement 16 trusts in whole or in part .", "the trustees 2019 acceptance is subject to a judicial approval proceeding initiated by the trustees , which is pending in new york state court .", "in addition , from 2005 to 2008 , washington mutual made certain loan level representations and warranties in connection with approximately $ 165 billion of residential mortgage loans that were originally sold or deposited into private-label securitizations by washington mutual .", "of the $ 165 billion , approximately $ 78 billion has been repaid .", "in addition , approximately $ 49 billion of the principal amount of such loans has liquidated with an average loss severity of 59% ( 59 % ) .", "accordingly , the remaining outstanding principal balance of these loans as of december 31 , 2014 , was approximately $ 38 billion , of which $ 8 billion was 60 days or more past due .", "the firm believes that any repurchase obligations related to these loans remain with the fdic receivership .", "for additional information regarding litigation , see note 31 .", "loans sold with recourse the firm provides servicing for mortgages and certain commercial lending products on both a recourse and nonrecourse basis .", "in nonrecourse servicing , the principal credit risk to the firm is the cost of temporary servicing advances of funds ( i.e. , normal servicing advances ) .", "in recourse servicing , the servicer agrees to share credit risk with the owner of the mortgage loans , such as fannie mae or freddie mac or a private investor , insurer or guarantor .", "losses on recourse servicing predominantly occur when foreclosure sales proceeds of the property underlying a defaulted loan are less than the sum of the outstanding principal balance , plus accrued interest on the loan and the cost of holding and disposing of the underlying property .", "the firm 2019s securitizations are predominantly nonrecourse , thereby effectively transferring the risk of future credit losses to the purchaser of the mortgage-backed securities issued by the trust .", "at december 31 , 2014 and 2013 , the unpaid principal balance of loans sold with recourse totaled $ 6.1 billion and $ 7.7 billion , respectively .", "the carrying value of the related liability that the firm has recorded , which is representative of the firm 2019s view of the likelihood it ." ]

[ [ "Year ended December 31,(in millions)", "2014", "2013", "2012" ], [ "Repurchase liability at beginning of period", "$681", "$2,811", "$3,557" ], [ "Net realized gains/(losses)^(b)", "53", "(1,561)", "(1,158)" ], [ "Reclassification to litigation reserve", "—", "(179)", "—" ], [ "(Benefit)/provision for repurchase^(c)", "(459)", "(390)", "412" ], [ "Repurchase liability at end of period", "$275", "$681", "$2,811" ] ]

[ [ "year ended december 31 ( in millions )", "2014", "2013", "2012" ], [ "repurchase liability at beginning of period", "$ 681", "$ 2811", "$ 3557" ], [ "net realized gains/ ( losses ) ( b )", "53", "-1561 ( 1561 )", "-1158 ( 1158 )" ], [ "reclassification to litigation reserve", "2014", "-179 ( 179 )", "2014" ], [ "( benefit ) /provision for repurchase ( c )", "-459 ( 459 )", "-390 ( 390 )", "412" ], [ "repurchase liability at end of period", "$ 275", "$ 681", "$ 2811" ] ]

[ { "arg1": "275", "arg2": "681", "op": "minus1-1", "res": "-406" }, { "arg1": "#0", "arg2": "681", "op": "divide1-2", "res": "-59.6" } ]

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

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

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

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

[ { "arg1": "24", "arg2": "15", "op": "minus1-1", "res": "9" }, { "arg1": "#0", "arg2": "15", "op": "divide1-2", "res": "60%" } ]

[ "operations may be extended up to four additional years for each unit by mutual agreement of entergy and new york state based on an exigent reliability need for indian point generation .", "in accordance with the ferc-approved tariff of the new york independent system operator ( nyiso ) , entergy submitted to the nyiso a notice of generator deactivation based on the dates in the settlement ( no later than april 30 , 2020 for indian point unit 2 and april 30 , 2021 for indian point unit 3 ) .", "in december 2017 , nyiso issued a report stating there will not be a system reliability need following the deactivation of indian point .", "the nyiso also has advised that it will perform an analysis of the potential competitive impacts of the proposed retirement under provisions of its tariff .", "the deadline for the nyiso to make a withholding determination is in dispute and is pending before the ferc .", "in addition to contractually agreeing to cease commercial operations early , in february 2017 entergy filed with the nrc an amendment to its license renewal application changing the term of the requested licenses to coincide with the latest possible extension by mutual agreement based on exigent reliability needs : april 30 , 2024 for indian point 2 and april 30 , 2025 for indian point 3 .", "if entergy reasonably determines that the nrc will treat the amendment other than as a routine amendment , entergy may withdraw the amendment .", "other provisions of the settlement include termination of all then-existing investigations of indian point by the agencies signing the agreement , which include the new york state department of environmental conservation , the new york state department of state , the new york state department of public service , the new york state department of health , and the new york state attorney general .", "the settlement recognizes the right of new york state agencies to pursue new investigations and enforcement actions with respect to new circumstances or existing conditions that become materially exacerbated .", "another provision of the settlement obligates entergy to establish a $ 15 million fund for environmental projects and community support .", "apportionment and allocation of funds to beneficiaries are to be determined by mutual agreement of new york state and entergy .", "the settlement recognizes new york state 2019s right to perform an annual inspection of indian point , with scope and timing to be determined by mutual agreement .", "in may 2017 a plaintiff filed two parallel state court appeals challenging new york state 2019s actions in signing and implementing the indian point settlement with entergy on the basis that the state failed to perform sufficient environmental analysis of its actions .", "all signatories to the settlement agreement , including the entergy affiliates that hold nrc licenses for indian point , were named .", "the appeals were voluntarily dismissed in november 2017 .", "entergy corporation and subsidiaries management 2019s financial discussion and analysis liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement .", "capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table .", "the increase in the debt to capital ratio for entergy as of december 31 , 2017 is primarily due to an increase in commercial paper outstanding in 2017 as compared to 2016. ." ]

[ "( a ) calculation excludes the arkansas , louisiana , new orleans , and texas securitization bonds , which are non- recourse to entergy arkansas , entergy louisiana , entergy new orleans , and entergy texas , respectively. ." ]

[ [ "", "2017", "2016" ], [ "Debt to capital", "67.1%", "64.8%" ], [ "Effect of excluding securitization bonds", "(0.8%)", "(1.0%)" ], [ "Debt to capital, excluding securitization bonds (a)", "66.3%", "63.8%" ], [ "Effect of subtracting cash", "(1.1%)", "(2.0%)" ], [ "Net debt to net capital, excluding securitization bonds (a)", "65.2%", "61.8%" ] ]

[ [ "", "2017", "2016" ], [ "debt to capital", "67.1% ( 67.1 % )", "64.8% ( 64.8 % )" ], [ "effect of excluding securitization bonds", "( 0.8% ( 0.8 % ) )", "( 1.0% ( 1.0 % ) )" ], [ "debt to capital excluding securitization bonds ( a )", "66.3% ( 66.3 % )", "63.8% ( 63.8 % )" ], [ "effect of subtracting cash", "( 1.1% ( 1.1 % ) )", "( 2.0% ( 2.0 % ) )" ], [ "net debt to net capital excluding securitization bonds ( a )", "65.2% ( 65.2 % )", "61.8% ( 61.8 % )" ] ]

[ { "arg1": "65.2", "arg2": "61.8", "op": "minus2-1", "res": "3.4" }, { "arg1": "#0", "arg2": "61.8", "op": "divide2-2", "res": "5.5%" } ]

[ "entergy corporation and subsidiaries management 2019s financial discussion and analysis combination .", "consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) .", "these costs are being amortized over a nine-year period beginning december 2015 .", "see note 2 to the financial statements for further discussion of the business combination and customer credits .", "the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales .", "the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases 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 results 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 .", "entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 .", "amount ( in millions ) ." ]

[ "as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , although the average revenue per mwh shown in the table below for the nuclear fleet is slightly higher because it includes revenues from the fitzpatrick reimbursement agreement with exelon , the amortization of the palisades below-market ppa , and vermont yankee capacity revenue .", "the effect of the amortization of the palisades below-market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 .", "see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 .", "see 201cnuclear ." ]

[ [ "", "Amount (In Millions)" ], [ "2015 net revenue", "$1,666" ], [ "Nuclear realized price changes", "(149)" ], [ "Rhode Island State Energy Center", "(44)" ], [ "Nuclear volume", "(36)" ], [ "FitzPatrick reimbursement agreement", "41" ], [ "Nuclear fuel expenses", "68" ], [ "Other", "(4)" ], [ "2016 net revenue", "$1,542" ] ]

[ [ "", "amount ( in millions )" ], [ "2015 net revenue", "$ 1666" ], [ "nuclear realized price changes", "-149 ( 149 )" ], [ "rhode island state energy center", "-44 ( 44 )" ], [ "nuclear volume", "-36 ( 36 )" ], [ "fitzpatrick reimbursement agreement", "41" ], [ "nuclear fuel expenses", "68" ], [ "other", "-4 ( 4 )" ], [ "2016 net revenue", "$ 1542" ] ]

[]

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

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

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

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

[]

[ "warfighter information network-tactical ( win-t ) ; command , control , battle management and communications ( c2bmc ) ; and twic ) .", "partially offsetting the decreases were higher net sales of approximately $ 140 million from qtc , which was acquired early in the fourth quarter of 2011 ; and about $ 65 million from increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support .", "is&gs 2019 operating profit for 2012 decreased $ 66 million , or 8% ( 8 % ) , compared to 2011 .", "the decrease was attributable to lower operating profit of approximately $ 50 million due to the favorable impact of the odin contract completion in 2011 ; about $ 25 million due to an increase in reserves for performance issues related to an international airborne surveillance system in 2012 ; and approximately $ 20 million due to lower volume on certain programs ( primarily c2bmc and win-t ) .", "partially offsetting the decreases was an increase in operating profit due to higher risk retirements of approximately $ 15 million from the twic program ; and about $ 10 million due to increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support .", "operating profit for the jtrs program was comparable as a decrease in volume was offset by a decrease in reserves .", "adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 20 million higher for 2012 compared to 2011 .", "backlog backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) , and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets .", "backlog decreased in 2012 compared to 2011 primarily due to the substantial completion of various programs in 2011 ( primarily odin , u.k .", "census , and jtrs ) .", "trends we expect is&gs 2019 net sales to decline in 2014 in the high single digit percentage range as compared to 2013 primarily due to the continued downturn in federal information technology budgets .", "operating profit is also expected to decline in 2014 in the high single digit percentage range consistent with the expected decline in net sales , resulting in margins that are comparable with 2013 results .", "missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; and manned and unmanned ground vehicles .", "mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , joint air-to-surface standoff missile ( jassm ) , javelin , apache fire control system ( apache ) , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) , and sof clss .", "mfc 2019s operating results included the following ( in millions ) : ." ]

[ "2013 compared to 2012 mfc 2019s net sales for 2013 increased $ 300 million , or 4% ( 4 % ) , compared to 2012 .", "the increase was primarily attributable to higher net sales of approximately $ 450 million for air and missile defense programs ( thaad and pac-3 ) due to increased production volume and deliveries ; about $ 70 million for fire control programs due to net increased deliveries and volume ; and approximately $ 55 million for tactical missile programs due to net increased deliveries .", "the increases were partially offset by lower net sales of about $ 275 million for various technical services programs due to lower volume driven by the continuing impact of defense budget reductions and related competitive pressures .", "the increase for fire control programs was primarily attributable to increased deliveries on the sniper ae and lantirn ae programs , increased volume on the sof clss program , partially offset by lower volume on longbow fire control radar and other programs .", "the increase for tactical missile programs was primarily attributable to increased deliveries on jassm and other programs , partially offset by fewer deliveries on the guided multiple launch rocket system and javelin programs. ." ]

[ [ "", "2013", "2012", "2011" ], [ "Net sales", "$7,757", "$7,457", "$7,463" ], [ "Operating profit", "1,431", "1,256", "1,069" ], [ "Operating margins", "18.4%", "16.8%", "14.3%" ], [ "Backlog at year-end", "15,000", "14,700", "14,400" ] ]

[ [ "", "2013", "2012", "2011" ], [ "net sales", "$ 7757", "$ 7457", "$ 7463" ], [ "operating profit", "1431", "1256", "1069" ], [ "operating margins", "18.4% ( 18.4 % )", "16.8% ( 16.8 % )", "14.3% ( 14.3 % )" ], [ "backlog at year-end", "15000", "14700", "14400" ] ]

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[ "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" ] ]

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[ "notes to consolidated financial statements of annual compensation was made .", "for the years ended december 31 , 2009 , 2008 and , 2007 , we made matching contributions of approxi- mately $ 450000 , $ 503000 and $ 457000 , respectively .", "note 17 / commitments and contingencies we and our operating partnership are not presently involved in any mate- rial litigation nor , to our knowledge , is any material litigation threatened against us or our properties , other than routine litigation arising in the ordinary course of business .", "management believes the costs , if any , incurred by us and our operating partnership related to this litigation will not materially affect our financial position , operating results or liquidity .", "we have entered into employment agreements with certain executives , which expire between june 2010 and january 2013 .", "the minimum cash-based compensation , including base salary and guaran- teed bonus payments , associated with these employment agreements totals approximately $ 7.8 million for 2010 .", "in march 1998 , we acquired an operating sub-leasehold posi- tion at 420 lexington avenue .", "the operating sub-leasehold position required annual ground lease payments totaling $ 6.0 million and sub- leasehold position payments totaling $ 1.1 million ( excluding an operating sub-lease position purchased january 1999 ) .", "in june 2007 , we renewed and extended the maturity date of the ground lease at 420 lexington avenue through december 31 , 2029 , with an option for further exten- sion through 2080 .", "ground lease rent payments through 2029 will total approximately $ 10.9 million per year .", "thereafter , the ground lease will be subject to a revaluation by the parties thereto .", "in june 2009 , we acquired an operating sub-leasehold posi- tion at 420 lexington avenue for approximately $ 7.7 million .", "these sub-leasehold positions were scheduled to mature in december 2029 .", "in october 2009 , we acquired the remaining sub-leasehold position for $ 7.6 million .", "the property located at 711 third avenue operates under an operating sub-lease , which expires in 2083 .", "under the sub-lease , we are responsible for ground rent payments of $ 1.55 million annually through july 2011 on the 50% ( 50 % ) portion of the fee we do not own .", "the ground rent is reset after july 2011 based on the estimated fair market value of the property .", "we have an option to buy out the sub-lease at a fixed future date .", "the property located at 461 fifth avenue operates under a ground lease ( approximately $ 2.1 million annually ) with a term expiration date of 2027 and with two options to renew for an additional 21 years each , followed by a third option for 15 years .", "we also have an option to purchase the ground lease for a fixed price on a specific date .", "the property located at 625 madison avenue operates under a ground lease ( approximately $ 4.6 million annually ) with a term expiration date of 2022 and with two options to renew for an additional 23 years .", "the property located at 1185 avenue of the americas oper- ates under a ground lease ( approximately $ 8.5 million in 2010 and $ 6.9 million annually thereafter ) with a term expiration of 2020 and with an option to renew for an additional 23 years .", "in april 1988 , the sl green predecessor entered into a lease agreement for the property at 673 first avenue , which has been capitalized for financial statement purposes .", "land was estimated to be approximately 70% ( 70 % ) of the fair market value of the property .", "the portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease .", "the initial lease term is 49 years with an option for an additional 26 years .", "beginning in lease years 11 and 25 , the lessor is entitled to additional rent as defined by the lease agreement .", "we continue to lease the 673 first avenue property , which has been classified as a capital lease with a cost basis of $ 12.2 million and cumulative amortization of $ 5.5 million and $ 5.2 million at december 31 , 2009 and 2008 , respectively .", "the following is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of december 31 , 2009 ( in thousands ) : non-cancellable december 31 , capital lease operating leases ." ]

[ "note 18 / financial instruments : derivatives and hedging we recognize all derivatives on the balance sheet at fair value .", "derivatives that are not hedges must be adjusted to fair value through income .", "if a derivative is a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earn- ings , or recognized in other comprehensive income until the hedged item is recognized in earnings .", "the ineffective portion of a derivative 2019s change in fair value will be immediately recognized in earnings .", "reported net income and stockholders 2019 equity may increase or decrease prospectively , depending on future levels of interest rates and other variables affecting the fair values of derivative instruments and hedged items , but will have no effect on cash flows. ." ]

[ [ "December 31,", "Capital lease", "Non-cancellable operating leases" ], [ "2010", "$1,451", "$31,347" ], [ "2011", "1,555", "28,929" ], [ "2012", "1,555", "28,179" ], [ "2013", "1,555", "28,179" ], [ "2014", "1,555", "28,179" ], [ "Thereafter", "45,649", "580,600" ], [ "Total minimum lease payments", "53,320", "$725,413" ], [ "Less amount representing interest", "(36,437)", "" ], [ "Present value of net minimum lease payments", "$16,883", "" ] ]

[ [ "december 31,", "capital lease", "non-cancellable operating leases" ], [ "2010", "$ 1451", "$ 31347" ], [ "2011", "1555", "28929" ], [ "2012", "1555", "28179" ], [ "2013", "1555", "28179" ], [ "2014", "1555", "28179" ], [ "thereafter", "45649", "580600" ], [ "total minimum lease payments", "53320", "$ 725413" ], [ "less amount representing interest", "-36437 ( 36437 )", "" ], [ "present value of net minimum lease payments", "$ 16883", "" ] ]

[ { "arg1": "1555", "arg2": "28179", "op": "add1-1", "res": "29734" }, { "arg1": "1555", "arg2": "#0", "op": "divide1-2", "res": "5.2%" } ]

[ "14 .", "leases we lease certain locomotives , freight cars , and other property .", "the consolidated statement of financial position as of december 31 , 2008 and 2007 included $ 2024 million , net of $ 869 million of amortization , and $ 2062 million , net of $ 887 million of amortization , respectively , for properties held under capital leases .", "a charge to income resulting from the amortization for assets held under capital leases is included within depreciation expense in our consolidated statements of income .", "future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2008 were as follows : millions of dollars operating leases capital leases ." ]

[ "the majority of capital lease payments relate to locomotives .", "rent expense for operating leases with terms exceeding one month was $ 747 million in 2008 , $ 810 million in 2007 , and $ 798 million in 2006 .", "when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .", "contingent rentals and sub-rentals are not significant .", "15 .", "commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .", "we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .", "we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims .", "the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .", "under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .", "we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at our personal injury liability is discounted to present value using applicable u.s .", "treasury rates .", "approximately 88% ( 88 % ) of the recorded liability related to asserted claims , and approximately 12% ( 12 % ) related to unasserted claims at december 31 , 2008 .", "because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from ." ]

[ [ "<i>Millions of Dollars</i>", "<i>OperatingLeases</i>", "<i>CapitalLeases</i>" ], [ "2009", "$657", "$188" ], [ "2010", "614", "168" ], [ "2011", "580", "178" ], [ "2012", "465", "122" ], [ "2013", "389", "152" ], [ "Later years", "3,204", "1,090" ], [ "Total minimum lease payments", "$5,909", "$1,898" ], [ "Amount representing interest", "N/A", "628" ], [ "Present value of minimum lease payments", "N/A", "$1,270" ] ]

[ [ "millions of dollars", "operatingleases", "capitalleases" ], [ "2009", "$ 657", "$ 188" ], [ "2010", "614", "168" ], [ "2011", "580", "178" ], [ "2012", "465", "122" ], [ "2013", "389", "152" ], [ "later years", "3204", "1090" ], [ "total minimum lease payments", "$ 5909", "$ 1898" ], [ "amount representing interest", "n/a", "628" ], [ "present value of minimum lease payments", "n/a", "$ 1270" ] ]

[]

[ "part iii item 10 .", "directors , executive officers and corporate governance the information required by this item is incorporated by reference to the 201celection of directors 201d section , the 201cdirector selection process 201d section , the 201ccode of conduct 201d section , the 201cprincipal committees of the board of directors 201d section , the 201caudit committee 201d section and the 201csection 16 ( a ) beneficial ownership reporting compliance 201d section of the proxy statement for the annual meeting of stockholders to be held on may 27 , 2010 ( the 201cproxy statement 201d ) , except for the description of our executive officers , which appears in part i of this report on form 10-k under the heading 201cexecutive officers of ipg . 201d new york stock exchange certification in 2009 , our ceo provided the annual ceo certification to the new york stock exchange , as required under section 303a.12 ( a ) of the new york stock exchange listed company manual .", "item 11 .", "executive compensation the information required by this item is incorporated by reference to the 201ccompensation of executive officers 201d section , the 201cnon-management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation committee report 201d section of the proxy statement .", "item 12 .", "security ownership of certain beneficial owners and management and related stockholder matters the information required by this item is incorporated by reference to the 201coutstanding shares 201d section of the proxy statement , except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of december 31 , 2009 , which is provided in the following table .", "equity compensation plan information plan category number of shares of common stock to be issued upon exercise of outstanding options , warrants and rights ( a ) 12 weighted-average exercise price of outstanding stock options ( b ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column a ) ( c ) 3 equity compensation plans approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", "34317386 $ 16.11 52359299 equity compensation plans not approved by security holders 4 .", ".", ".", ".", ".", "612500 $ 27.53 2014 ." ]

[ "1 includes a total of 6058967 performance-based share awards made under the 2004 , 2006 and 2009 performance incentive plan representing the target number of shares to be issued to employees following the completion of the 2007-2009 performance period ( the 201c2009 ltip share awards 201d ) , the 2008- 2010 performance period ( the 201c2010 ltip share awards 201d ) and the 2009-2011 performance period ( the 201c2011 ltip share awards 201d ) respectively .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2009 ltip share awards , the 2010 ltip share awards or the 2011 ltip share awards into account .", "2 includes a total of 3914804 restricted share unit and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares or cash .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the share unit awards into account .", "each share unit award actually settled in cash will increase the number of shares of common stock available for issuance shown in column ( c ) .", "3 includes ( i ) 37885502 shares of common stock available for issuance under the 2009 performance incentive plan , ( ii ) 13660306 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 813491 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan .", "4 consists of special stock option grants awarded to certain true north executives following our acquisition of true north ( the 201ctrue north options 201d ) .", "the true north options have an exercise price equal to the fair market value of interpublic 2019s common stock on the date of the grant .", "the terms and conditions of these stock option awards are governed by interpublic 2019s 1997 performance incentive plan .", "generally , the options become exercisable between two and five years after the date of the grant and expire ten years from the grant date. ." ]

[ [ "Plan Category", "Number of Shares of Common Stock to be Issued Upon Exercise of OutstandingOptions, Warrants and Rights (a)¹²", "Weighted-Average Exercise Price of Outstanding Stock Options (b)", "Number of Securities Remaining Available for FutureIssuance Under Equity Compensation Plans (Excluding Securities Reflected in Column a) (c)³" ], [ "Equity Compensation Plans Approved by Security Holders", "34,317,386", "$16.11", "52,359,299" ], [ "Equity Compensation Plans Not Approved by Security Holders⁴", "612,500", "$27.53", "—" ], [ "Total", "34,929,886", "$16.31", "52,359,299" ] ]

[ [ "plan category", "number of shares of common stock to be issued upon exercise of outstandingoptions warrants and rights ( a ) 12", "weighted-average exercise price of outstanding stock options ( b )", "number of securities remaining available for futureissuance under equity compensation plans ( excluding securities reflected in column a ) ( c ) 3" ], [ "equity compensation plans approved by security holders", "34317386", "$ 16.11", "52359299" ], [ "equity compensation plans not approved by security holders4", "612500", "$ 27.53", "2014" ], [ "total", "34929886", "$ 16.31", "52359299" ] ]

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[ "page 59 of 94 notes to consolidated financial statements ball corporation and subsidiaries 13 .", "debt and interest costs ( continued ) long-term debt obligations outstanding at december 31 , 2007 , have maturities of $ 127.1 million , $ 160 million , $ 388.4 million , $ 625.1 million and $ 550.3 million for the years ending december 31 , 2008 through 2012 , respectively , and $ 456.1 million thereafter .", "ball provides letters of credit in the ordinary course of business to secure liabilities recorded in connection with industrial development revenue bonds and certain self-insurance arrangements .", "letters of credit outstanding at december 31 , 2007 and 2006 , were $ 41 million and $ 52.4 million , respectively .", "the notes payable and senior credit facilities are guaranteed on a full , unconditional and joint and several basis by certain of the company 2019s domestic wholly owned subsidiaries .", "certain foreign denominated tranches of the senior credit facilities are similarly guaranteed by certain of the company 2019s wholly owned foreign subsidiaries .", "note 22 contains further details as well as condensed , consolidating financial information for the company , segregating the guarantor subsidiaries and non-guarantor subsidiaries .", "the company was not in default of any loan agreement at december 31 , 2007 , and has met all debt payment obligations .", "the u.s .", "note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividend payments , share repurchases , investments , financial ratios , guarantees and the incurrence of additional indebtedness .", "on march 27 , 2006 , ball expanded its senior secured credit facilities with the addition of a $ 500 million term d loan facility due in installments through october 2011 .", "also on march 27 , 2006 , ball issued at a price of 99.799 percent $ 450 million of 6.625% ( 6.625 % ) senior notes ( effective yield to maturity of 6.65 percent ) due in march 2018 .", "the proceeds from these financings were used to refinance existing u.s .", "can debt with ball corporation debt at lower interest rates , acquire certain north american plastic container net assets from alcan and reduce seasonal working capital debt .", "( see note 3 for further details of the acquisitions. ) on october 13 , 2005 , ball refinanced its senior secured credit facilities to extend debt maturities at lower interest rate spreads and provide the company with additional borrowing capacity for future growth .", "during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due in august 2006 .", "the refinancing and senior note redemptions resulted in a debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) for the related call premium and unamortized debt issuance costs .", "a summary of total interest cost paid and accrued follows: ." ]

[ "( a ) includes $ 6.6 million paid in 2005 in connection with the redemption of the company 2019s senior and senior subordinated notes. ." ]

[ [ "($ in millions)", "2007", "2006", "2005" ], [ "Interest costs before refinancing costs", "$155.8", "$142.5", "$102.4" ], [ "Debt refinancing costs", "–", "–", "19.3" ], [ "Total interest costs", "155.8", "142.5", "121.7" ], [ "Amounts capitalized", "(6.4)", "(8.1)", "(5.3)" ], [ "Interest expense", "$149.4", "$134.4", "$116.4" ], [ "Interest paid during the year(a)", "$153.9", "$125.4", "$138.5" ] ]

[ [ "( $ in millions )", "2007", "2006", "2005" ], [ "interest costs before refinancing costs", "$ 155.8", "$ 142.5", "$ 102.4" ], [ "debt refinancing costs", "2013", "2013", "19.3" ], [ "total interest costs", "155.8", "142.5", "121.7" ], [ "amounts capitalized", "-6.4 ( 6.4 )", "-8.1 ( 8.1 )", "-5.3 ( 5.3 )" ], [ "interest expense", "$ 149.4", "$ 134.4", "$ 116.4" ], [ "interest paid during the year ( a )", "$ 153.9", "$ 125.4", "$ 138.5" ] ]

[]

[ "note 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings .", "the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million .", "as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years .", "we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 .", "in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements .", "stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units .", "the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant .", "no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year .", "the minimum vesting period for restricted stock or stock units payable in stock is three years .", "award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff .", "the maximum term of a stock option or any other award is 10 years .", "at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans .", "at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans .", "we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied .", "the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share ." ]

[ "rsus are valued based on the fair value of our common stock on the date of grant .", "employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award .", "employees who are granted rsus receive dividend-equivalent cash payments only upon vesting .", "for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments .", "we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. ." ]

[ [ "", "Number of RSUs (In thousands)", "Weighted Average Grant-Date Fair Value PerShare" ], [ "Nonvested at December 31, 2011", "4,302", "$ 78.25" ], [ "Granted", "1,987", "81.93" ], [ "Vested", "(1,299)", "80.64" ], [ "Forfeited", "(168)", "79.03" ], [ "Nonvested at December 31, 2012", "4,822", "$ 79.10" ], [ "Granted", "1,356", "89.24" ], [ "Vested", "(2,093)", "79.26" ], [ "Forfeited", "(226)", "81.74" ], [ "Nonvested at December 31, 2013", "3,859", "$ 82.42" ], [ "Granted", "745", "146.85" ], [ "Vested", "(2,194)", "87.66" ], [ "Forfeited", "(84)", "91.11" ], [ "Nonvested at December 31, 2014", "2,326", "$ 97.80" ] ]

[ [ "", "number of rsus ( in thousands )", "weighted average grant-date fair value pershare" ], [ "nonvested at december 31 2011", "4302", "$ 78.25" ], [ "granted", "1987", "81.93" ], [ "vested", "-1299 ( 1299 )", "80.64" ], [ "forfeited", "-168 ( 168 )", "79.03" ], [ "nonvested at december 31 2012", "4822", "$ 79.10" ], [ "granted", "1356", "89.24" ], [ "vested", "-2093 ( 2093 )", "79.26" ], [ "forfeited", "-226 ( 226 )", "81.74" ], [ "nonvested at december 31 2013", "3859", "$ 82.42" ], [ "granted", "745", "146.85" ], [ "vested", "-2194 ( 2194 )", "87.66" ], [ "forfeited", "-84 ( 84 )", "91.11" ], [ "nonvested at december 31 2014", "2326", "$ 97.80" ] ]

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[ "2014 , 2013 and 2012 .", "the decrease in our consolidated net adjustments for 2014 compared to 2013 was primarily due to a decrease in profit booking rate adjustments at our aeronautics , mfc and mst business segments .", "the increase in our consolidated net adjustments for 2013 as compared to 2012 was primarily due to an increase in profit booking rate adjustments at our mst and mfc business segments and , to a lesser extent , the increase in the favorable resolution of contractual matters for the corporation .", "the consolidated net adjustments for 2014 are inclusive of approximately $ 650 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at mst and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below .", "the consolidated net adjustments for 2013 and 2012 are inclusive of approximately $ 600 million and $ 500 million in unfavorable items , which include a significant profit reduction on the f-35 development contract in both years , as well as a significant profit reduction on the c-5 program in 2013 , each as described in our aeronautics business segment 2019s results of operations discussion below .", "aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies .", "aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor and the c-5m super galaxy .", "aeronautics 2019 operating results included the following ( in millions ) : ." ]

[ "2014 compared to 2013 aeronautics 2019 net sales for 2014 increased $ 797 million , or 6% ( 6 % ) , compared to 2013 .", "the increase was primarily attributable to higher net sales of approximately $ 790 million for f-35 production contracts due to increased volume and sustainment activities ; about $ 55 million for the f-16 program due to increased deliveries ( 17 aircraft delivered in 2014 compared to 13 delivered in 2013 ) partially offset by contract mix ; and approximately $ 45 million for the f-22 program due to increased risk retirements .", "the increases were partially offset by lower net sales of approximately $ 55 million for the f-35 development contract due to decreased volume , partially offset by the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; and about $ 40 million for the c-130 program due to fewer deliveries ( 24 aircraft delivered in 2014 compared to 25 delivered in 2013 ) and decreased sustainment activities , partially offset by contract mix .", "aeronautics 2019 operating profit for 2014 increased $ 37 million , or 2% ( 2 % ) , compared to 2013 .", "the increase was primarily attributable to higher operating profit of approximately $ 85 million for the f-35 development contract due to the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; about $ 75 million for the f-22 program due to increased risk retirements ; approximately $ 50 million for the c-130 program due to increased risk retirements and contract mix , partially offset by fewer deliveries ; and about $ 25 million for the c-5 program due to the absence in 2014 of the downward revisions to the profit booking rate that occurred in 2013 .", "the increases were partially offset by lower operating profit of approximately $ 130 million for the f-16 program due to decreased risk retirements , partially offset by increased deliveries ; and about $ 70 million for sustainment activities due to decreased risk retirements and volume .", "operating profit was comparable for f-35 production contracts as higher volume was offset by lower risk retirements .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million lower for 2014 compared to 2013 .", "2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 .", "the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to ." ]

[ [ "", "2014", "2013", "2012" ], [ "Net sales", "$14,920", "$14,123", "$14,953" ], [ "Operating profit", "1,649", "1,612", "1,699" ], [ "Operating margins", "11.1%", "11.4%", "11.4%" ], [ "Backlog at year-end", "$27,600", "$28,000", "$30,100" ] ]

[ [ "", "2014", "2013", "2012" ], [ "net sales", "$ 14920", "$ 14123", "$ 14953" ], [ "operating profit", "1649", "1612", "1699" ], [ "operating margins", "11.1% ( 11.1 % )", "11.4% ( 11.4 % )", "11.4% ( 11.4 % )" ], [ "backlog at year-end", "$ 27600", "$ 28000", "$ 30100" ] ]

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[ "increase in dividends paid .", "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 u.s .", "( gaap ) by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner .", "we believe free cash flow is important to management and investors 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 2013 2012 2011 ." ]

[ "2014 outlook f0b7 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the communities we serve .", "we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments .", "we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety .", "derailment prevention and the reduction of grade crossing incidents are also critical aspects of our safety programs .", "we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , various industry programs and local community activities across our network .", "f0b7 network operations 2013 we believe the railroad is capable of handling growing volumes while providing high levels of customer service .", "our track structure is in excellent condition , and certain sections of our network have surplus line and terminal capacity .", "we are in a solid resource position , with sufficient supplies of locomotives , freight cars and crews to support growth .", "f0b7 fuel prices 2013 uncertainty about the economy makes projections of fuel prices difficult .", "we again could see volatile fuel prices during the year , as they are sensitive to global and u.s .", "domestic demand , refining capacity , geopolitical events , weather conditions and other factors .", "to reduce the impact of fuel price on earnings , we will continue seeking cost recovery from our customers through our fuel surcharge programs and expanding our fuel conservation efforts .", "f0b7 capital plan 2013 in 2014 , we plan to make total capital investments of approximately $ 3.9 billion , including expenditures for positive train control ( ptc ) , which may be revised if business conditions warrant or if 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. ) f0b7 positive train control 2013 in response to a legislative mandate to implement ptc by the end of 2015 , we have invested $ 1.2 billion in capital expenditures and plan to spend an additional $ 450 million during 2014 on developing and deploying ptc .", "we currently estimate that ptc , in accordance with implementing rules issued by the federal rail administration ( fra ) , will cost us approximately $ 2 billion by the end of the project .", "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 to integrate the various components of the system and achieve interoperability for the industry .", "although it is unlikely that the rail industry will meet the current mandatory 2015 deadline ( as the fra indicated in its 2012 report to congress ) , we are making a good faith effort to do so and we are working closely with regulators as we implement this new technology. ." ]

[ [ "<i>Millions</i>", "<i>2013</i>", "<i>2012</i>", "<i>2011</i>" ], [ "Cash provided by operating activities", "$6,823", "$6,161", "$5,873" ], [ "Cash used in investing activities", "(3,405)", "(3,633)", "(3,119)" ], [ "Dividends paid", "(1,333)", "(1,146)", "(837)" ], [ "Free cash flow", "$2,085", "$1,382", "$1,917" ] ]

[ [ "millions", "2013", "2012", "2011" ], [ "cash provided by operating activities", "$ 6823", "$ 6161", "$ 5873" ], [ "cash used in investing activities", "-3405 ( 3405 )", "-3633 ( 3633 )", "-3119 ( 3119 )" ], [ "dividends paid", "-1333 ( 1333 )", "-1146 ( 1146 )", "-837 ( 837 )" ], [ "free cash flow", "$ 2085", "$ 1382", "$ 1917" ] ]

[]

[ "the following table summarizes the changes in the company 2019s valuation allowance: ." ]

[ "included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance .", "note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations .", "benefits under the plans are based on the employee 2019s years of service and compensation .", "the pension plans have been closed for all employees .", "the pension plans were closed for most employees hired on or after january 1 , 2006 .", "union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement .", "union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan .", "the company does not participate in a multiemployer plan .", "the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost .", "further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 .", "the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position .", "pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities , guaranteed interest contracts with insurance companies and real estate investment trusts ( 201creits 201d ) .", "pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans .", "( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees .", "the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees .", "the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 .", "the plans had previously closed for non-union employees hired on or after january 1 , 2002 .", "the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes .", "assets of the plans are invested in equity mutual funds , bond mutual funds and fixed income securities. ." ]

[ [ "Balance at January 1, 2011", "$23,788" ], [ "Increases in current period tax positions", "1,525" ], [ "Decreases in current period tax positions", "(3,734)" ], [ "Balance at December 31, 2011", "$21,579" ], [ "Increases in current period tax positions", "0" ], [ "Decreases in current period tax positions", "(2,059)" ], [ "Balance at December 31, 2012", "$19,520" ], [ "Increases in current period tax positions", "0" ], [ "Decreases in current period tax positions", "(5,965)" ], [ "Balance at December 31, 2013", "$13,555" ] ]

[ [ "balance at january 1 2011", "$ 23788" ], [ "increases in current period tax positions", "1525" ], [ "decreases in current period tax positions", "-3734 ( 3734 )" ], [ "balance at december 31 2011", "$ 21579" ], [ "increases in current period tax positions", "0" ], [ "decreases in current period tax positions", "-2059 ( 2059 )" ], [ "balance at december 31 2012", "$ 19520" ], [ "increases in current period tax positions", "0" ], [ "decreases in current period tax positions", "-5965 ( 5965 )" ], [ "balance at december 31 2013", "$ 13555" ] ]

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

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

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

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

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[ "( $ 66 million net-of-tax ) as a result of customer credits to be realized by electric customers of entergy louisiana , consistent with the terms of the stipulated settlement in the business combination proceeding .", "see note 2 to the financial statements for further discussion of the business combination and customer credits .", "results of operations for 2015 also include the sale in december 2015 of the 583 mw rhode island state energy center for a realized gain of $ 154 million ( $ 100 million net-of-tax ) on the sale and the $ 77 million ( $ 47 million net-of-tax ) write-off and regulatory charges to recognize that a portion of the assets associated with the waterford 3 replacement steam generator project is no longer probable of recovery .", "see note 14 to the financial statements for further discussion of the rhode island state energy center sale .", "see note 2 to the financial statements for further discussion of the waterford 3 replacement steam generator prudence review proceeding .", "net revenue utility following is an analysis of the change in net revenue comparing 2016 to 2015 .", "amount ( in millions ) ." ]

[ "the retail electric price variance is primarily due to : 2022 an increase in base rates at entergy arkansas , as approved by the apsc .", "the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .", "the increase included an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 .", "a significant portion of the increase was related to the purchase of power block 2 of the union power station ; 2022 an increase in the purchased power and capacity acquisition cost recovery rider for entergy new orleans , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station ; 2022 an increase in formula rate plan revenues for entergy louisiana , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station ; and 2022 an increase in revenues at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 , and an increase in revenues collected through the storm damage rider .", "see note 2 to the financial statements for further discussion of the rate proceedings .", "see note 14 to the financial statements for discussion of the union power station purchase .", "the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination .", "consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) .", "these costs are being entergy corporation and subsidiaries management 2019s financial discussion and analysis ." ]

[ [ "", "Amount (In Millions)" ], [ "2015 net revenue", "$5,829" ], [ "Retail electric price", "289" ], [ "Louisiana business combination customer credits", "107" ], [ "Volume/weather", "14" ], [ "Louisiana Act 55 financing savings obligation", "(17)" ], [ "Other", "(43)" ], [ "2016 net revenue", "$6,179" ] ]

[ [ "", "amount ( in millions )" ], [ "2015 net revenue", "$ 5829" ], [ "retail electric price", "289" ], [ "louisiana business combination customer credits", "107" ], [ "volume/weather", "14" ], [ "louisiana act 55 financing savings obligation", "-17 ( 17 )" ], [ "other", "-43 ( 43 )" ], [ "2016 net revenue", "$ 6179" ] ]

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[ "edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 .", "common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) .", "under the nonemployee directors program , each nonemployee director may receive annually up to 10000 stock options or 4000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million .", "additionally , each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units .", "each option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments .", "each option and restricted stock unit award granted after 2011 generally vests after one year .", "upon a director 2019s initial election to the board , the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 10000 shares .", "these grants vest over three years from the date of grant .", "under the nonemployee directors program , an aggregate of 1.4 million shares of the company 2019s common stock has been authorized for issuance .", "the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) .", "under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase .", "under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations .", "the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states to the extent permitted by local law .", "the espp for united states employees is qualified under section 423 of the internal revenue code .", "the number of shares of common stock authorized for issuance under the espp was 6.6 million shares .", "the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables .", "the risk-free interest rate is estimated using the u.s .", "treasury yield curve and is based on the expected term of the award .", "expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards 2019 stock and the implied volatility from traded options on edwards 2019 stock .", "the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding .", "the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.1% ( 5.1 % ) .", "the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards ." ]

[ "." ]

[ [ "", "2013", "2012", "2011" ], [ "Average risk-free interest rate", "0.8%", "0.7%", "1.7%" ], [ "Expected dividend yield", "None", "None", "None" ], [ "Expected volatility", "31%", "31%", "27%" ], [ "Expected life (years)", "4.6", "4.6", "4.5" ], [ "Fair value, per share", "$19.47", "$23.93", "$22.78" ] ]

[ [ "", "2013", "2012", "2011" ], [ "average risk-free interest rate", "0.8% ( 0.8 % )", "0.7% ( 0.7 % )", "1.7% ( 1.7 % )" ], [ "expected dividend yield", "none", "none", "none" ], [ "expected volatility", "31% ( 31 % )", "31% ( 31 % )", "27% ( 27 % )" ], [ "expected life ( years )", "4.6", "4.6", "4.5" ], [ "fair value per share", "$ 19.47", "$ 23.93", "$ 22.78" ] ]

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[ "the pnc financial services group , inc .", "2013 form 10-k 29 part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2019 , there were 53986 common shareholders of record .", "holders of pnc common stock are entitled to receive dividends when declared by our board of directors out of funds legally available for this purpose .", "our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment .", "the board of directors presently intends to continue the policy of paying quarterly cash dividends .", "the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) .", "the amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve and our primary bank regulators as part of the comprehensive capital analysis and review ( ccar ) process as described in the supervision and regulation section in item 1 of this report .", "the federal reserve has the power to prohibit us from paying dividends without its approval .", "for further information concerning dividend restrictions and other factors that could limit our ability to pay dividends , as well as restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see the supervision and regulation section in item 1 , item 1a risk factors , the liquidity and capital management portion of the risk management section in item 7 , and note 10 borrowed funds , note 15 equity and note 18 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference .", "we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2018 in the table ( with introductory paragraph and notes ) in item 12 of this report .", "our stock transfer agent and registrar is : computershare trust company , n.a .", "250 royall street canton , ma 02021 800-982-7652 www.computershare.com/pnc registered shareholders may contact computershare regarding dividends and other shareholder services .", "we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 .", "( a ) ( 2 ) none .", "( b ) not applicable .", "( c ) details of our repurchases of pnc common stock during the fourth quarter of 2018 are included in the following table : in thousands , except per share data 2018 period total shares purchased ( a ) average price paid per share total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) ." ]

[ "( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements .", "note 11 employee benefit plans and note 12 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock .", "( b ) on march 11 , 2015 , we announced that our board of directors approved a stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 .", "repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process .", "in june 2018 , we announced share repurchase programs of up to $ 2.0 billion for the four quarter period beginning with the third quarter of 2018 , including repurchases of up to $ 300 million related to stock issuances under employee benefit plans , in accordance with pnc's 2018 capital plan .", "in november 2018 , we announced an increase to these previously announced programs in the amount of up to $ 900 million in additional common share repurchases .", "the aggregate repurchase price of shares repurchased during the fourth quarter of 2018 was $ .8 billion .", "see the liquidity and capital management portion of the risk management section in item 7 of this report for more information on the authorized share repurchase programs for the period july 1 , 2018 through june 30 , 2019 .", "http://www.computershare.com/pnc ." ]

[ [ "2018 period", "Total shares purchased (a)", "Average price paid per share", "Total shares purchased as part of publicly announced programs (b)", "Maximum number of shares that may yet be purchased under the programs (b)" ], [ "October 1 – 31", "1,204", "$128.43", "1,189", "25,663" ], [ "November 1 – 30", "1,491", "$133.79", "1,491", "24,172" ], [ "December 1 – 31", "3,458", "$119.43", "3,458", "20,714" ], [ "Total", "6,153", "$124.67", "", "" ] ]

[ [ "2018 period", "total shares purchased ( a )", "average price paid per share", "total shares purchased as part of publicly announced programs ( b )", "maximum number of shares that may yet be purchased under the programs ( b )" ], [ "october 1 2013 31", "1204", "$ 128.43", "1189", "25663" ], [ "november 1 2013 30", "1491", "$ 133.79", "1491", "24172" ], [ "december 1 2013 31", "3458", "$ 119.43", "3458", "20714" ], [ "total", "6153", "$ 124.67", "", "" ] ]

[]

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

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

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

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

[ { "arg1": "155000", "arg2": "100000", "op": "minus2-1", "res": "55000" }, { "arg1": "#0", "arg2": "100000", "op": "divide2-2", "res": "0.55" }, { "arg1": "#1", "arg2": "const_100", "op": "multiply2-3", "res": "55" } ]

[ "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": "143", "arg2": "31", "op": "add2-1", "res": "174" }, { "arg1": "1772", "arg2": "352", "op": "add2-2", "res": "2124" }, { "arg1": "#0", "arg2": "#1", "op": "divide2-3", "res": "8.2%" } ]

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

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

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

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

[ { "arg1": "917.9", "arg2": "const_5", "op": "divide1-1", "res": "183.58" }, { "arg1": "332.3", "arg2": "const_5", "op": "divide1-2", "res": "66.46" }, { "arg1": "#0", "arg2": "#1", "op": "minus1-3", "res": "117.12" } ]

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

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

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

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

[]

[ "edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 .", "employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded .", "the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value .", "the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2016 , are expected to be paid ( in millions ) : ." ]

[ "as of december 31 , 2016 , expected employer contributions for 2017 are $ 6.1 million .", "defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified defined contribution plan .", "in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan .", "edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis .", "edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis .", "in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan .", "edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis .", "the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee .", "matching contributions relating to edwards lifesciences employees were $ 17.3 million , $ 15.3 million , and $ 12.8 million in 2016 , 2015 , and 2014 , respectively .", "the company also has nonqualified deferred compensation plans for a select group of employees .", "the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant .", "the amount accrued under these nonqualified plans was $ 46.7 million and $ 35.5 million at december 31 , 2016 and 2015 , respectively .", "13 .", "common stock treasury stock in july 2014 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock .", "in november 2016 , the board of directors approved a new stock repurchase program providing for an additional $ 1.0 billion of repurchases of our common stock .", "the repurchase programs do not have an expiration date .", "stock repurchased under these programs may be used to offset obligations under the company 2019s employee stock-based benefit programs and stock-based business acquisitions , and will reduce the total shares outstanding .", "during 2016 , 2015 , and 2014 , the company repurchased 7.3 million , 2.6 million , and 4.4 million shares , respectively , at an aggregate cost of $ 662.3 million , $ 280.1 million , and $ 300.9 million , respectively , including ." ]

[ [ "2017", "$4.5" ], [ "2018", "4.0" ], [ "2019", "4.0" ], [ "2020", "4.6" ], [ "2021", "4.5" ], [ "2021-2025", "44.6" ] ]

[ [ "2017", "$ 4.5" ], [ "2018", "4.0" ], [ "2019", "4.0" ], [ "2020", "4.6" ], [ "2021", "4.5" ], [ "2021-2025", "44.6" ] ]

[ { "arg1": "17.3", "arg2": "12.8", "op": "minus1-1", "res": "4.5" }, { "arg1": "#0", "arg2": "12.8", "op": "divide1-2", "res": "35%" } ]

[ "page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .", "acquisitions latapack-ball embalagens ltda .", "( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .", "this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .", "as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .", "latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .", "in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .", "the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .", "the valuation was based on market and income approaches. ." ]

[ "noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .", "the intangible asset is being amortized on a straight-line basis .", "neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .", "neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .", "neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .", "the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .", "guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .", "ball has owned 35 percent of the joint venture plant since 1992 .", "ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .", "the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .", "the purchase accounting was completed during the third quarter of 2010 .", "the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. ." ]

[ [ "Cash", "$69.3" ], [ "Current assets", "84.7" ], [ "Property, plant and equipment", "265.9" ], [ "Goodwill", "100.2" ], [ "Intangible asset", "52.8" ], [ "Current liabilities", "(53.2)" ], [ "Long-term liabilities", "(174.1)" ], [ "Net assets acquired", "$345.6" ], [ "Noncontrolling interests", "$(132.9)" ] ]

[ [ "cash", "$ 69.3" ], [ "current assets", "84.7" ], [ "property plant and equipment", "265.9" ], [ "goodwill", "100.2" ], [ "intangible asset", "52.8" ], [ "current liabilities", "-53.2 ( 53.2 )" ], [ "long-term liabilities", "-174.1 ( 174.1 )" ], [ "net assets acquired", "$ 345.6" ], [ "noncontrolling interests", "$ -132.9 ( 132.9 )" ] ]

[]

[ "recourse and repurchase obligations as discussed in note 3 loans sale and servicing activities and variable interest entities , pnc has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement .", "one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions .", "commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s dus program .", "we participated in a similar program with the fhlmc .", "under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement .", "at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively .", "the potential maximum exposure under the loss share arrangements was $ 4.0 billion at both december 31 , 2011 and december 31 , 2010 .", "we maintain a reserve for estimated losses based upon our exposure .", "the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet .", "if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses .", "our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment .", "analysis of commercial mortgage recourse obligations ." ]

[ "residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors .", "these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements .", "residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and whole-loan sale transactions .", "as discussed in note 3 in this report , agency securitizations consist of mortgage loans sale transactions with fnma , fhlmc , and gnma , while non-agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors .", "our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal .", "repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment .", "pnc 2019s repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition .", "pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of whole-loans sold in these transactions .", "repurchase activity associated with brokered home equity loans/lines is reported in the non-strategic assets portfolio segment .", "loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans to investors of sufficient investment quality .", "key aspects of such covenants and representations and warranties include the loan 2019s compliance with any applicable loan criteria established by the investor , including underwriting standards , delivery of all required loan documents to the investor or its designated party , sufficient collateral valuation , and the validity of the lien securing the loan .", "as a result of alleged breaches of these contractual obligations , investors may request pnc to indemnify them against losses on certain loans or to repurchase loans .", "these investor indemnification or repurchase claims are typically settled on an individual loan basis through make- whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .", "indemnifications for loss or loan repurchases typically occur when , after review of the claim , we agree insufficient evidence exists to dispute the investor 2019s claim that a breach of a loan covenant and representation and warranty has occurred , such breach has not been cured , and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan .", "depending on the sale agreement and upon proper notice from the investor , we typically respond to such indemnification and repurchase requests within 60 days , although final resolution of the claim may take a longer period of time .", "with the exception of the sales the pnc financial services group , inc .", "2013 form 10-k 199 ." ]

[ [ "In millions", "2011", "2010" ], [ "January 1", "$54", "$71" ], [ "Reserve adjustments, net", "1", "9" ], [ "Losses – loan repurchases and settlements", "(8)", "(2)" ], [ "Loan sales", "", "(24)" ], [ "December 31", "$47", "$54" ] ]

[ [ "in millions", "2011", "2010" ], [ "january 1", "$ 54", "$ 71" ], [ "reserve adjustments net", "1", "9" ], [ "losses 2013 loan repurchases and settlements", "-8 ( 8 )", "-2 ( 2 )" ], [ "loan sales", "", "-24 ( 24 )" ], [ "december 31", "$ 47", "$ 54" ] ]

[]

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

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

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

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

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[ "part iii item 10 .", "directors , executive officers and corporate governance the information required by this item is incorporated by reference to the 201celection of directors 201d section , the 201cdirector selection process 201d section , the 201ccode of conduct 201d section , the 201cprincipal committees of the board of directors 201d section , the 201caudit committee 201d section and the 201csection 16 ( a ) beneficial ownership reporting compliance 201d section of the proxy statement for the annual meeting of stockholders to be held on may 27 , 2010 ( the 201cproxy statement 201d ) , except for the description of our executive officers , which appears in part i of this report on form 10-k under the heading 201cexecutive officers of ipg . 201d new york stock exchange certification in 2009 , our ceo provided the annual ceo certification to the new york stock exchange , as required under section 303a.12 ( a ) of the new york stock exchange listed company manual .", "item 11 .", "executive compensation the information required by this item is incorporated by reference to the 201ccompensation of executive officers 201d section , the 201cnon-management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation committee report 201d section of the proxy statement .", "item 12 .", "security ownership of certain beneficial owners and management and related stockholder matters the information required by this item is incorporated by reference to the 201coutstanding shares 201d section of the proxy statement , except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of december 31 , 2009 , which is provided in the following table .", "equity compensation plan information plan category number of shares of common stock to be issued upon exercise of outstanding options , warrants and rights ( a ) 12 weighted-average exercise price of outstanding stock options ( b ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column a ) ( c ) 3 equity compensation plans approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", "34317386 $ 16.11 52359299 equity compensation plans not approved by security holders 4 .", ".", ".", ".", ".", "612500 $ 27.53 2014 ." ]

[ "1 includes a total of 6058967 performance-based share awards made under the 2004 , 2006 and 2009 performance incentive plan representing the target number of shares to be issued to employees following the completion of the 2007-2009 performance period ( the 201c2009 ltip share awards 201d ) , the 2008- 2010 performance period ( the 201c2010 ltip share awards 201d ) and the 2009-2011 performance period ( the 201c2011 ltip share awards 201d ) respectively .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2009 ltip share awards , the 2010 ltip share awards or the 2011 ltip share awards into account .", "2 includes a total of 3914804 restricted share unit and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares or cash .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the share unit awards into account .", "each share unit award actually settled in cash will increase the number of shares of common stock available for issuance shown in column ( c ) .", "3 includes ( i ) 37885502 shares of common stock available for issuance under the 2009 performance incentive plan , ( ii ) 13660306 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 813491 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan .", "4 consists of special stock option grants awarded to certain true north executives following our acquisition of true north ( the 201ctrue north options 201d ) .", "the true north options have an exercise price equal to the fair market value of interpublic 2019s common stock on the date of the grant .", "the terms and conditions of these stock option awards are governed by interpublic 2019s 1997 performance incentive plan .", "generally , the options become exercisable between two and five years after the date of the grant and expire ten years from the grant date. ." ]

[ [ "Plan Category", "Number of Shares of Common Stock to be Issued Upon Exercise of OutstandingOptions, Warrants and Rights (a)¹²", "Weighted-Average Exercise Price of Outstanding Stock Options (b)", "Number of Securities Remaining Available for FutureIssuance Under Equity Compensation Plans (Excluding Securities Reflected in Column a) (c)³" ], [ "Equity Compensation Plans Approved by Security Holders", "34,317,386", "$16.11", "52,359,299" ], [ "Equity Compensation Plans Not Approved by Security Holders⁴", "612,500", "$27.53", "—" ], [ "Total", "34,929,886", "$16.31", "52,359,299" ] ]

[ [ "plan category", "number of shares of common stock to be issued upon exercise of outstandingoptions warrants and rights ( a ) 12", "weighted-average exercise price of outstanding stock options ( b )", "number of securities remaining available for futureissuance under equity compensation plans ( excluding securities reflected in column a ) ( c ) 3" ], [ "equity compensation plans approved by security holders", "34317386", "$ 16.11", "52359299" ], [ "equity compensation plans not approved by security holders4", "612500", "$ 27.53", "2014" ], [ "total", "34929886", "$ 16.31", "52359299" ] ]

[]

[ "pension expense ." ]

[ "pension expense decreased from the prior year due to lower pension settlements , lower loss amortization , primarily from favorable asset experience and the impact of higher discount rates , partially offset by lower expected returns on assets .", "special items ( settlements , termination benefits , and curtailments ) decreased from the prior year primarily due to lower pension settlement losses .", "in fiscal year 2019 , special items of $ 7.2 included pension settlement losses of $ 6.4 , of which $ 5.0 was recorded during the second quarter and related to the u.s .", "supplementary pension plan , and $ .8 of termination benefits .", "these amounts are reflected within \"other non- operating income ( expense ) , net\" on the consolidated income statements .", "in fiscal year 2018 , special items of $ 48.9 included a pension settlement loss of $ 43.7 primarily in connection with the transfer of certain pension assets and payment obligations for our u.s .", "salaried and hourly plans to an insurer during the fourth quarter , $ 4.8 of pension settlement losses related to lump sum payouts from the u.s .", "supplementary pension plan , and $ .4 of termination benefits .", "u.k .", "lloyds equalization ruling on 26 october 2018 , the united kingdom high court issued a ruling related to the equalization of pension plan participants 2019 benefits for the gender effects of guaranteed minimum pensions .", "as a result of this ruling , we estimated the impact of retroactively increasing benefits in our u.k .", "plan in accordance with the high court ruling .", "we treated the additional benefits as a prior service cost , which resulted in an increase to our projected benefit obligation and accumulated other comprehensive loss of $ 4.7 during the first quarter of fiscal year 2019 .", "we are amortizing this cost over the average remaining life expectancy of the u.k .", "participants .", "2020 outlook in fiscal year 2020 , we expect pension expense to be approximately $ 5 to $ 20 , which includes expected pension settlement losses of $ 5 to $ 10 , depending on the timing of retirements .", "the expected range reflects lower expected interest cost and higher total assets , partially offset by higher expected loss amortization primarily due to the impact of lower discount rates .", "in fiscal year 2020 , we expect pension expense to include approximately $ 105 for amortization of actuarial losses .", "in fiscal year 2019 , pension expense included amortization of actuarial losses of $ 76.2 .", "net actuarial losses of $ 424.4 were recognized in accumulated other comprehensive income in fiscal year 2019 .", "actuarial ( gains ) losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses .", "future changes in the discount rate and actual returns on plan assets different from expected returns would impact the actuarial ( gains ) losses and resulting amortization in years beyond fiscal year 2020 .", "pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans .", "with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses .", "in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions .", "with the assistance of third-party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions .", "during 2019 and 2018 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 40.2 and $ 68.3 , respectively .", "for fiscal year 2020 , cash contributions to defined benefit plans are estimated to be $ 30 to $ 40 .", "the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which are dependent upon the timing of retirements .", "actual future contributions will depend on future funding legislation , discount rates , investment performance , plan design , and various other factors .", "refer to the contractual obligations discussion on page 37 for a projection of future contributions. ." ]

[ [ "", "2019", "2018" ], [ "Pension expense, including special items noted below", "$27.6", "$91.8" ], [ "Settlements, termination benefits, and curtailments (\"special items\")", "7.2", "48.9" ], [ "Weighted average discount rate – Service cost", "3.4%", "3.2%" ], [ "Weighted average discount rate – Interest cost", "3.4%", "2.9%" ], [ "Weighted average expected rate of return on plan assets", "6.4%", "6.9%" ], [ "Weighted average expected rate of compensation increase", "3.5%", "3.5%" ] ]

[ [ "", "2019", "2018" ], [ "pension expense including special items noted below", "$ 27.6", "$ 91.8" ], [ "settlements termination benefits and curtailments ( \"special items\" )", "7.2", "48.9" ], [ "weighted average discount rate 2013 service cost", "3.4% ( 3.4 % )", "3.2% ( 3.2 % )" ], [ "weighted average discount rate 2013 interest cost", "3.4% ( 3.4 % )", "2.9% ( 2.9 % )" ], [ "weighted average expected rate of return on plan assets", "6.4% ( 6.4 % )", "6.9% ( 6.9 % )" ], [ "weighted average expected rate of compensation increase", "3.5% ( 3.5 % )", "3.5% ( 3.5 % )" ] ]

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[ "divestiture of the information systems & global solutions business on august 16 , 2016 , we completed the previously announced divestiture of the is&gs business , which merged with a subsidiary of leidos , in a reverse morris trust transaction ( the 201ctransaction 201d ) .", "the transaction was completed in a multi- step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock of abacus was distributed to participating lockheed martin stockholders through an exchange offer .", "under the terms of the exchange offer , lockheed martin stockholders had the option to exchange shares of lockheed martin common stock for shares of abacus common stock .", "at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange .", "the shares of lockheed martin common stock that were exchanged and accepted were retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) .", "following the exchange offer , abacus merged with a subsidiary of leidos , with abacus continuing as the surviving corporation and a wholly-owned subsidiary of leidos .", "as part of the merger , each share of abacus common stock was automatically converted into one share of leidos common stock .", "we did not receive any shares of leidos common stock as part of the transaction and do not hold any shares of leidos or abacus common stock following the transaction .", "based on an opinion of outside tax counsel , subject to customary qualifications and based on factual representations , the exchange offer and merger will qualify as tax-free transactions to lockheed martin and its stockholders , except to the extent that cash was paid to lockheed martin stockholders in lieu of fractional shares .", "in connection with the transaction , abacus borrowed an aggregate principal amount of approximately $ 1.84 billion under term loan facilities with third party financial institutions , the proceeds of which were used to make a one-time special cash payment of $ 1.80 billion to lockheed martin and to pay associated borrowing fees and expenses .", "the entire special cash payment was used to repay debt , pay dividends and repurchase stock during the third and fourth quarters of 2016 .", "the obligations under the abacus term loan facilities were guaranteed by leidos as part of the transaction .", "as a result of the transaction , we recognized a net gain of approximately $ 1.2 billion .", "the net gain represents the $ 2.5 billion fair value of the shares of lockheed martin common stock exchanged and retired as part of the exchange offer , plus the $ 1.8 billion one-time special cash payment , less the net book value of the is&gs business of about $ 3.0 billion at august 16 , 2016 and other adjustments of about $ 100 million .", "the final gain is subject to certain post-closing adjustments , including final working capital , indemnification , and tax adjustments , which we expect to complete in 2017 .", "we classified the operating results of our is&gs business as discontinued operations in our consolidated financial statements in accordance with u.s .", "gaap , as the divestiture of this business represented a strategic shift that had a major effect on our operations and financial results .", "however , the cash flows generated by the is&gs business have not been reclassified in our consolidated statements of cash flows as we retained this cash as part of the transaction .", "the carrying amounts of major classes of the is&gs business assets and liabilities that were classified as assets and liabilities of discontinued operations as of december 31 , 2015 are as follows ( in millions ) : ." ]

[ "." ]

[ [ "Receivables, net", "$807" ], [ "Inventories, net", "143" ], [ "Other current assets", "19" ], [ "Property, plant and equipment, net", "101" ], [ "Goodwill", "2,881" ], [ "Intangible assets", "125" ], [ "Other noncurrent assets", "54" ], [ "Total assets of the disposal group", "$4,130" ], [ "Accounts payable", "$(229)" ], [ "Customer advances and amounts in excess of costs incurred", "(285)" ], [ "Salaries, benefits and payroll taxes", "(209)" ], [ "Other current liabilities", "(225)" ], [ "Deferred income taxes", "(145)" ], [ "Other noncurrent liabilities", "(60)" ], [ "Total liabilities of the disposal group", "$(1,153)" ] ]

[ [ "receivables net", "$ 807" ], [ "inventories net", "143" ], [ "other current assets", "19" ], [ "property plant and equipment net", "101" ], [ "goodwill", "2881" ], [ "intangible assets", "125" ], [ "other noncurrent assets", "54" ], [ "total assets of the disposal group", "$ 4130" ], [ "accounts payable", "$ -229 ( 229 )" ], [ "customer advances and amounts in excess of costs incurred", "-285 ( 285 )" ], [ "salaries benefits and payroll taxes", "-209 ( 209 )" ], [ "other current liabilities", "-225 ( 225 )" ], [ "deferred income taxes", "-145 ( 145 )" ], [ "other noncurrent liabilities", "-60 ( 60 )" ], [ "total liabilities of the disposal group", "$ -1153 ( 1153 )" ] ]

[]

[ "the company further presents total net 201ceconomic 201d investment exposure , net of deferred compensation investments and hedged investments , to reflect another gauge for investors as the economic impact of investments held pursuant to deferred compensation arrangements is substantially offset by a change in compensation expense and the impact of hedged investments is substantially mitigated by total return swap hedges .", "carried interest capital allocations are excluded as there is no impact to blackrock 2019s stockholders 2019 equity until such amounts are realized as performance fees .", "finally , the company 2019s regulatory investment in federal reserve bank stock , which is not subject to market or interest rate risk , is excluded from the company 2019s net economic investment exposure .", "( dollar amounts in millions ) december 31 , december 31 ." ]

[ "total 201ceconomic 201d investment exposure .", ".", ".", "$ 1211 $ 1062 ( 1 ) at december 31 , 2012 and december 31 , 2011 , approximately $ 524 million and $ 587 million , respectively , of blackrock 2019s total gaap investments were maintained in sponsored investment funds that were deemed to be controlled by blackrock in accordance with gaap , and , therefore , are consolidated even though blackrock may not economically own a majority of such funds .", "( 2 ) the decrease of $ 239 million related to a lower holding requirement of federal reserve bank stock held by blackrock institutional trust company , n.a .", "( 201cbtc 201d ) .", "total investments , as adjusted , at december 31 , 2012 increased $ 137 million from december 31 , 2011 , resulting from $ 765 million of purchases/capital contributions , $ 185 million from positive market valuations and earnings from equity method investments , and $ 64 million from net additional carried interest capital allocations , partially offset by $ 742 million of sales/maturities and $ 135 million of distributions representing return of capital and return on investments. ." ]

[ [ "<i>(Dollar amounts in millions)</i>", "December 31, 2012", "December 31, 2011" ], [ "Total investments, GAAP", "$1,750", "$1,631" ], [ "Investments held by consolidated sponsored investmentfunds⁽¹⁾", "(524)", "(587)" ], [ "Net exposure to consolidated investment funds", "430", "475" ], [ "Total investments, as adjusted", "1,656", "1,519" ], [ "Federal Reserve Bank stock⁽²⁾", "(89)", "(328)" ], [ "Carried interest", "(85)", "(21)" ], [ "Deferred compensation investments", "(62)", "(65)" ], [ "Hedged investments", "(209)", "(43)" ], [ "Total “economic” investment exposure", "$1,211", "$1,062" ] ]

[ [ "( dollar amounts in millions )", "december 31 2012", "december 31 2011" ], [ "total investments gaap", "$ 1750", "$ 1631" ], [ "investments held by consolidated sponsored investmentfunds ( 1 )", "-524 ( 524 )", "-587 ( 587 )" ], [ "net exposure to consolidated investment funds", "430", "475" ], [ "total investments as adjusted", "1656", "1519" ], [ "federal reserve bank stock ( 2 )", "-89 ( 89 )", "-328 ( 328 )" ], [ "carried interest", "-85 ( 85 )", "-21 ( 21 )" ], [ "deferred compensation investments", "-62 ( 62 )", "-65 ( 65 )" ], [ "hedged investments", "-209 ( 209 )", "-43 ( 43 )" ], [ "total 201ceconomic 201d investment exposure", "$ 1211", "$ 1062" ] ]

[ { "arg1": "1750", "arg2": "1631", "op": "minus1-1", "res": "119" }, { "arg1": "#0", "arg2": "1631", "op": "divide1-2", "res": "7.3%" } ]

[ "18 .", "allowance for credit losses ." ]

[ "( 1 ) reclassified to conform to the current period 2019s presentation .", "( 2 ) 2009 primarily includes reductions to the loan loss reserve of approximately $ 543 million related to securitizations , approximately $ 402 million related to the sale or transfers to held-for-sale of u.s .", "real estate lending loans , and $ 562 million related to the transfer of the u.k .", "cards portfolio to held-for-sale .", "2008 primarily includes reductions to the loan loss reserve of approximately $ 800 million related to fx translation , $ 102 million related to securitizations , $ 244 million for the sale of the german retail banking operation , $ 156 million for the sale of citicapital , partially offset by additions of $ 106 million related to the cuscatl e1n and bank of overseas chinese acquisitions .", "2007 primarily includes reductions to the loan loss reserve of $ 475 million related to securitizations and transfers to loans held-for-sale , and reductions of $ 83 million related to the transfer of the u.k .", "citifinancial portfolio to held-for-sale , offset by additions of $ 610 million related to the acquisitions of egg , nikko cordial , grupo cuscatl e1n and grupo financiero uno .", "( 3 ) represents additional credit loss reserves for unfunded corporate lending commitments and letters of credit recorded in other liabilities on the consolidated balance sheet. ." ]

[ [ "In millions of dollars", "2009", "2008(1)", "2007(1)" ], [ "Allowance for loan losses at beginning of year", "$29,616", "$16,117", "$8,940" ], [ "Gross credit losses", "(32,784)", "(20,760)", "(11,864)" ], [ "Gross recoveries", "2,043", "1,749", "1,938" ], [ "Net credit (losses) recoveries (NCLs)", "$(30,741)", "$(19,011)", "$(9,926)" ], [ "NCLs", "$30,741", "$19,011", "$9,926" ], [ "Net reserve builds (releases)", "5,741", "11,297", "6,550" ], [ "Net specific reserve builds (releases)", "2,278", "3,366", "356" ], [ "Total provision for credit losses", "$38,760", "$33,674", "$16,832" ], [ "Other, net(2)", "(1,602)", "(1,164)", "271" ], [ "Allowance for loan losses at end of year", "$36,033", "$29,616", "$16,117" ], [ "Allowance for credit losses on unfunded lending commitments at beginning of year(3)", "$887", "$1,250", "$1,100" ], [ "Provision for unfunded lending commitments", "244", "(363)", "150" ], [ "Allowance for credit losses on unfunded lending commitments at end of year(3)", "$1,157", "$887", "$1,250" ], [ "Total allowance for loans, leases, and unfunded lending commitments", "$37,190", "$30,503", "$17,367" ] ]

[ [ "in millions of dollars", "2009", "2008 ( 1 )", "2007 ( 1 )" ], [ "allowance for loan losses at beginning of year", "$ 29616", "$ 16117", "$ 8940" ], [ "gross credit losses", "-32784 ( 32784 )", "-20760 ( 20760 )", "-11864 ( 11864 )" ], [ "gross recoveries", "2043", "1749", "1938" ], [ "net credit ( losses ) recoveries ( ncls )", "$ -30741 ( 30741 )", "$ -19011 ( 19011 )", "$ -9926 ( 9926 )" ], [ "ncls", "$ 30741", "$ 19011", "$ 9926" ], [ "net reserve builds ( releases )", "5741", "11297", "6550" ], [ "net specific reserve builds ( releases )", "2278", "3366", "356" ], [ "total provision for credit losses", "$ 38760", "$ 33674", "$ 16832" ], [ "other net ( 2 )", "-1602 ( 1602 )", "-1164 ( 1164 )", "271" ], [ "allowance for loan losses at end of year", "$ 36033", "$ 29616", "$ 16117" ], [ "allowance for credit losses on unfunded lending commitments at beginning of year ( 3 )", "$ 887", "$ 1250", "$ 1100" ], [ "provision for unfunded lending commitments", "244", "-363 ( 363 )", "150" ], [ "allowance for credit losses on unfunded lending commitments at end of year ( 3 )", "$ 1157", "$ 887", "$ 1250" ], [ "total allowance for loans leases and unfunded lending commitments", "$ 37190", "$ 30503", "$ 17367" ] ]

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[ "humana inc .", "notes to consolidated financial statements 2014 ( continued ) 15 .", "stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2016 , 2017 , and 2018 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) ." ]

[ "on november 2 , 2018 , the board declared a cash dividend of $ 0.50 per share that was paid on january 25 , 2019 to stockholders of record on december 31 , 2018 , for an aggregate amount of $ 68 million .", "declaration and payment of future quarterly dividends is at the discretion of our board and may be adjusted as business needs or market conditions change .", "in february 2019 , the board declared a cash dividend of $ 0.55 per share payable on april 26 , 2019 to stockholders of record on march 29 , 2019 .", "stock repurchases our board of directors may authorize the purchase of our common shares .", "under our share repurchase authorization , shares may have been purchased from time to time at prevailing prices in the open market , by block purchases , through plans designed to comply with rule 10b5-1 under the securities exchange act of 1934 , as amended , or in privately-negotiated transactions ( including pursuant to accelerated share repurchase agreements with investment banks ) , subject to certain regulatory restrictions on volume , pricing , and timing .", "on february 14 , 2017 , our board of directors authorized the repurchase of up to $ 2.25 billion of our common shares expiring on december 31 , 2017 , exclusive of shares repurchased in connection with employee stock plans .", "on february 16 , 2017 , we entered into an accelerated share repurchase agreement , the february 2017 asr , with goldman , sachs & co .", "llc , or goldman sachs , to repurchase $ 1.5 billion of our common stock as part of the $ 2.25 billion share repurchase authorized on february 14 , 2017 .", "on february 22 , 2017 , we made a payment of $ 1.5 billion to goldman sachs from available cash on hand and received an initial delivery of 5.83 million shares of our common stock from goldman sachs based on the then current market price of humana common stock .", "the payment to goldman sachs was recorded as a reduction to stockholders 2019 equity , consisting of a $ 1.2 billion increase in treasury stock , which reflected the value of the initial 5.83 million shares received upon initial settlement , and a $ 300 million decrease in capital in excess of par value , which reflected the value of stock held back by goldman sachs pending final settlement of the february 2017 asr .", "upon settlement of the february 2017 asr on august 28 , 2017 , we received an additional 0.84 million shares as determined by the average daily volume weighted-average share price of our common stock during the term of the agreement of $ 224.81 , less a discount and subject to adjustments pursuant to the terms and conditions of the february 2017 asr , bringing the total shares received under this program to 6.67 million .", "in addition , upon settlement we reclassified the $ 300 million value of stock initially held back by goldman sachs from capital in excess of par value to treasury stock .", "subsequent to settlement of the february 2017 asr , we repurchased an additional 3.04 million shares in the open market , utilizing the remaining $ 750 million of the $ 2.25 billion authorization prior to expiration .", "on december 14 , 2017 , our board of directors authorized the repurchase of up to $ 3.0 billion of our common shares expiring on december 31 , 2020 , exclusive of shares repurchased in connection with employee stock plans. ." ]

[ [ "PaymentDate", "Amountper Share", "TotalAmount (in millions)" ], [ "2016", "$1.16", "$172" ], [ "2017", "$1.49", "$216" ], [ "2018", "$1.90", "$262" ] ]

[ [ "paymentdate", "amountper share", "totalamount ( in millions )" ], [ "2016", "$ 1.16", "$ 172" ], [ "2017", "$ 1.49", "$ 216" ], [ "2018", "$ 1.90", "$ 262" ] ]

[]

[ "republic services , inc .", "notes to consolidated financial statements 2014 ( continued ) 12 .", "share repurchases and dividends share repurchases share repurchase activity during the years ended december 31 , 2018 and 2017 follows ( in millions except per share amounts ) : ." ]

[ "as of december 31 , 2018 , there were no repurchased shares pending settlement .", "in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 .", "share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws .", "while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors .", "the share repurchase program may be extended , suspended or discontinued at any time .", "as of december 31 , 2018 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.1 billion .", "dividends in october 2018 , our board of directors approved a quarterly dividend of $ 0.375 per share .", "cash dividends declared were $ 468.4 million , $ 446.3 million and $ 423.8 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively .", "as of december 31 , 2018 , we recorded a quarterly dividend payable of $ 121.0 million to shareholders of record at the close of business on january 2 , 2019 .", "13 .", "earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc .", "by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the period .", "diluted earnings per share is based on the combined weighted average number of common shares and common share equivalents outstanding , which include , where appropriate , the assumed exercise of employee stock options , unvested rsus and unvested psus at the expected attainment levels .", "we use the treasury stock method in computing diluted earnings per share. ." ]

[ [ "", "2018", "2017" ], [ "Number of shares repurchased", "10.7", "9.6" ], [ "Amount paid", "$736.9", "$610.7" ], [ "Weighted average cost per share", "$69.06", "$63.84" ] ]

[ [ "", "2018", "2017" ], [ "number of shares repurchased", "10.7", "9.6" ], [ "amount paid", "$ 736.9", "$ 610.7" ], [ "weighted average cost per share", "$ 69.06", "$ 63.84" ] ]

[]

[ "note 10 loan sales and securitizations loan sales we sell residential and commercial mortgage loans in loan securitization transactions sponsored by government national mortgage association ( gnma ) , fnma , and fhlmc and in certain instances to other third-party investors .", "gnma , fnma , and the fhlmc securitize our transferred loans into mortgage-backed securities for sale into the secondary market .", "generally , we do not retain any interest in the transferred loans other than mortgage servicing rights .", "refer to note 9 goodwill and other intangible assets for further discussion on our residential and commercial mortgage servicing rights assets .", "during 2009 , residential and commercial mortgage loans sold totaled $ 19.8 billion and $ 5.7 billion , respectively .", "during 2008 , commercial mortgage loans sold totaled $ 3.1 billion .", "there were no residential mortgage loans sales in 2008 as these activities were obtained through our acquisition of national city .", "our continuing involvement in these loan sales consists primarily of servicing and limited repurchase obligations for loan and servicer breaches in representations and warranties .", "generally , we hold a cleanup call repurchase option for loans sold with servicing retained to the other third-party investors .", "in certain circumstances as servicer , we advance principal and interest payments to the gses and other third-party investors and also may make collateral protection advances .", "our risk of loss in these servicing advances has historically been minimal .", "we maintain a liability for estimated losses on loans expected to be repurchased as a result of breaches in loan and servicer representations and warranties .", "we have also entered into recourse arrangements associated with commercial mortgage loans sold to fnma and fhlmc .", "refer to note 25 commitments and guarantees for further discussion on our repurchase liability and recourse arrangements .", "our maximum exposure to loss in our loan sale activities is limited to these repurchase and recourse obligations .", "in addition , for certain loans transferred in the gnma and fnma transactions , we hold an option to repurchase individual delinquent loans that meet certain criteria .", "without prior authorization from these gses , this option gives pnc the ability to repurchase the delinquent loan at par .", "under gaap , once we have the unilateral ability to repurchase the delinquent loan , effective control over the loan has been regained and we are required to recognize the loan and a corresponding repurchase liability on the balance sheet regardless of our intent to repurchase the loan .", "at december 31 , 2009 and december 31 , 2008 , the balance of our repurchase option asset and liability totaled $ 577 million and $ 476 million , respectively .", "securitizations in securitizations , loans are typically transferred to a qualifying special purpose entity ( qspe ) that is demonstrably distinct from the transferor to transfer the risk from our consolidated balance sheet .", "a qspe is a bankruptcy-remote trust allowed to perform only certain passive activities .", "in addition , these entities are self-liquidating and in certain instances are structured as real estate mortgage investment conduits ( remics ) for tax purposes .", "the qspes are generally financed by issuing certificates for various levels of senior and subordinated tranches .", "qspes are exempt from consolidation provided certain conditions are met .", "our securitization activities were primarily obtained through our acquisition of national city .", "credit card receivables , automobile , and residential mortgage loans were securitized through qspes sponsored by ncb .", "these qspes were financed primarily through the issuance and sale of beneficial interests to independent third parties and were not consolidated on our balance sheet at december 31 , 2009 or december 31 , 2008 .", "however , see note 1 accounting policies regarding accounting guidance that impacts the accounting for these qspes effective january 1 , 2010 .", "qualitative and quantitative information about the securitization qspes and our retained interests in these transactions follow .", "the following summarizes the assets and liabilities of the securitization qspes associated with securitization transactions that were outstanding at december 31 , 2009. ." ]

[ "( a ) represents period-end outstanding principal balances of loans transferred to the securitization qspes .", "credit card loans at december 31 , 2009 , the credit card securitization series 2005-1 , 2006-1 , 2007-1 , and 2008-3 were outstanding .", "during the fourth quarter of 2009 , the 2008-1 and 2008-2 credit card securitization series matured .", "our continuing involvement in the securitized credit card receivables consists primarily of servicing and our holding of certain retained interests .", "servicing fees earned approximate current market rates for servicing fees ; therefore , no servicing asset or liability is recognized .", "we hold a clean-up call repurchase option to the extent a securitization series extends past its scheduled note principal payoff date .", "to the extent this occurs , the clean-up call option is triggered when the principal balance of the asset- backed notes of any series reaches 5% ( 5 % ) of the initial principal balance of the asset-backed notes issued at the securitization ." ]

[ [ "", "December 31, 2009", "December 31,2008" ], [ "In millions", "Credit Card", "Mortgage", "Credit Card", "Mortgage" ], [ "Assets (a)", "$2,368", "$232", "$2,129", "$319" ], [ "Liabilities", "1,622", "232", "1,824", "319" ] ]

[ [ "in millions", "december 31 2009 credit card", "december 31 2009 mortgage", "december 31 2009 credit card", "mortgage" ], [ "assets ( a )", "$ 2368", "$ 232", "$ 2129", "$ 319" ], [ "liabilities", "1622", "232", "1824", "319" ] ]

[ { "arg1": "19.8", "arg2": "5.7", "op": "add1-1", "res": "25.5" }, { "arg1": "5.7", "arg2": "#0", "op": "divide1-2", "res": "22.4%" } ]

[ "working on the site .", "the company resolved five of the eight pending lawsuits arising from this matter and believes that it has adequate insurance to resolve remaining matters .", "the company believes that the settlement of these lawsuits will not have a material adverse effect on its consolidated financial statements .", "during the 2009 third quarter , in connection with an environmental site remediation action under cer- cla , international paper submitted to the epa a feasibility study for this site .", "the epa has indicated that it intends to select a proposed remedial action alternative from those identified in the study and present this proposal for public comment .", "since it is not currently possible to determine the final remedial action that will be required , the company has accrued , as of december 31 , 2009 , an estimate of the minimum costs that could be required for this site .", "when the remediation plan is finalized by the epa , it is possible that the remediation costs could be sig- nificantly higher than amounts currently recorded .", "exterior siding and roofing litigation international paper has established reserves relating to the settlement , during 1998 and 1999 , of three nationwide class action lawsuits against the com- pany and masonite corp. , a former wholly-owned subsidiary of the company .", "those settlements relate to ( 1 ) exterior hardboard siding installed during the 1980 2019s and 1990 2019s ( the hardboard claims ) ; ( 2 ) omniwood siding installed during the 1990 2019s ( the omniwood claims ) ; and ( 3 ) woodruf roofing installed during the 1980 2019s and 1990 2019s ( the woodruf claims ) .", "all hardboard claims were required to be made by january 15 , 2008 , while all omniwood and woodruf claims were required to be made by jan- uary 6 , 2009 .", "the following table presents an analysis of total reserve activity related to the hardboard , omniwood and woodruf settlements for the years ended december 31 , 2009 , 2008 and 2007 : in millions total ." ]

[ "the company believes that the aggregate reserve balance remaining at december 31 , 2009 is adequate to cover the final settlement of remaining claims .", "summary the company is also involved in various other inquiries , administrative proceedings and litigation relating to contracts , sales of property , intellectual property , environmental and safety matters , tax , personal injury , labor and employment and other matters , some of which allege substantial monetary damages .", "while any proceeding or litigation has the element of uncertainty , the company believes that the outcome of any of the lawsuits or claims that are pending or threatened , or all of them combined , will not have a material adverse effect on its consolidated financial statements .", "note 12 variable interest entities and preferred securities of subsidiaries variable interest entities in connection with the 2006 sale of approximately 5.6 million acres of forestlands , international paper received installment notes ( the timber notes ) total- ing approximately $ 4.8 billion .", "the timber notes , which do not require principal payments prior to their august 2016 maturity , are supported by irrev- ocable letters of credit obtained by the buyers of the forestlands .", "during the 2006 fourth quarter , interna- tional paper contributed the timber notes to newly formed entities ( the borrower entities ) in exchange for class a and class b interests in these entities .", "subsequently , international paper contributed its $ 200 million class a interests in the borrower enti- ties , along with approximately $ 400 million of international paper promissory notes , to other newly formed entities ( the investor entities ) in exchange for class a and class b interests in these entities , and simultaneously sold its class a interest in the investor entities to a third party investor .", "as a result , at december 31 , 2006 , international paper held class b interests in the borrower entities and class b interests in the investor entities valued at approx- imately $ 5.0 billion .", "international paper has no obligation to make any further capital contributions to these entities and did not provide financial or other support during 2009 , 2008 or 2007 that was not previously contractually required .", "based on an analysis of these entities under guidance that considers the potential magnitude of the variability in the structure and which party bears a majority of the gains or losses , international paper determined that it is not the primary beneficiary of these entities ." ]

[ [ "<i>In millions</i>", "Total" ], [ "Balance, December 31, 2006", "$124" ], [ "Payments", "(78)" ], [ "Balance, December 31, 2007", "46" ], [ "Additional provision", "82" ], [ "Payments", "(87)" ], [ "Balance, December 31, 2008", "41" ], [ "Payments", "(38)" ], [ "Balance, December 31, 2009", "$3" ] ]

[ [ "in millions", "total" ], [ "balance december 31 2006", "$ 124" ], [ "payments", "-78 ( 78 )" ], [ "balance december 31 2007", "46" ], [ "additional provision", "82" ], [ "payments", "-87 ( 87 )" ], [ "balance december 31 2008", "41" ], [ "payments", "-38 ( 38 )" ], [ "balance december 31 2009", "$ 3" ] ]

[ { "arg1": "78", "arg2": "87", "op": "add2-1", "res": "165" }, { "arg1": "#0", "arg2": "38", "op": "add2-2", "res": "203" } ]

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

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

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

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

[ { "arg1": "272.9", "arg2": "243.0", "op": "minus2-1", "res": "29.9" }, { "arg1": "#0", "arg2": "243.0", "op": "divide2-2", "res": "12.3%" } ]

[ "regions .", "principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs .", "printing papers net sales for 2014 decreased 8% ( 8 % ) to $ 5.7 billion compared with $ 6.2 billion in 2013 and 8% ( 8 % ) compared with $ 6.2 billion in 2012 .", "operating profits in 2014 were 106% ( 106 % ) lower than in 2013 and 103% ( 103 % ) lower than in 2012 .", "excluding facility closure costs , impairment costs and other special items , operating profits in 2014 were 7% ( 7 % ) higher than in 2013 and 8% ( 8 % ) lower than in 2012 .", "benefits from higher average sales price realizations and a favorable mix ( $ 178 million ) , lower planned maintenance downtime costs ( $ 26 million ) , the absence of a provision for bad debt related to a large envelope customer that was booked in 2013 ( $ 28 million ) , and lower foreign exchange and other costs ( $ 25 million ) were offset by lower sales volumes ( $ 82 million ) , higher operating costs ( $ 49 million ) , higher input costs ( $ 47 million ) , and costs associated with the closure of our courtland , alabama mill ( $ 41 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 $ 2.1 billion in 2014 , $ 2.6 billion in 2013 and $ 2.7 billion in 2012 .", "operating profits in 2014 were a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) compared with gains of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 and $ 331 million in 2012 .", "sales volumes in 2014 decreased compared with 2013 due to lower market demand for uncoated freesheet paper and the closure our courtland mill .", "average sales price realizations were higher , reflecting sales price increases in both domestic and export markets .", "higher input costs for wood were offset by lower costs for chemicals , however freight costs were higher .", "planned maintenance downtime costs were $ 14 million lower in 2014 .", "operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill but benefited from the absence of a provision for bad debt related to a large envelope customer that was recorded in 2013 .", "entering the first quarter of 2015 , sales volumes are expected to be stable compared with the fourth quarter of 2014 .", "average sales margins should improve reflecting a more favorable mix although average sales price realizations are expected to be flat .", "input costs are expected to be stable .", "planned maintenance downtime costs are expected to be about $ 16 million lower with an outage scheduled in the 2015 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2014 fourth quarter .", "brazilian papers net sales for 2014 were $ 1.1 billion compared with $ 1.1 billion in 2013 and $ 1.1 billion in 2012 .", "operating profits for 2014 were $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) compared with $ 210 million in 2013 and $ 163 million in 2012 .", "sales volumes in 2014 were about flat compared with 2013 .", "average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2013 and in 2014 .", "margins were favorably affected by an increased proportion of sales to the higher-margin domestic market .", "raw material costs increased for wood and chemicals .", "operating costs were higher than in 2013 and planned maintenance downtime costs were flat .", "looking ahead to 2015 , sales volumes in the first quarter are expected to decrease due to seasonally weaker customer demand for uncoated freesheet paper .", "average sales price improvements are expected to reflect the partial realization of announced sales price increases in the brazilian domestic market for uncoated freesheet paper .", "input costs are expected to be flat .", "planned maintenance outage costs should be $ 5 million lower with an outage scheduled at the luiz antonio mill in the first quarter .", "european papers net sales in 2014 were $ 1.5 billion compared with $ 1.5 billion in 2013 and $ 1.4 billion in 2012 .", "operating profits in 2014 were $ 140 million compared with $ 167 million in 2013 and $ 179 million in compared with 2013 , sales volumes for uncoated freesheet paper in 2014 were slightly higher in both ." ]

[ [ "In millions", "2014", "2013", "2012" ], [ "Sales", "$5,720", "$6,205", "$6,230" ], [ "Operating Profit (Loss)", "(16)", "271", "599" ] ]

[ [ "in millions", "2014", "2013", "2012" ], [ "sales", "$ 5720", "$ 6205", "$ 6230" ], [ "operating profit ( loss )", "-16 ( 16 )", "271", "599" ] ]

[ { "arg1": "1.1", "arg2": "const_1000", "op": "multiply2-1", "res": "1100" }, { "arg1": "#0", "arg2": "6205", "op": "divide2-2", "res": "18%" } ]

[ "higher average borrowings .", "additionally , the recapitalization that occurred late in the first quarter of 2005 resulted in a full year of interest in 2006 as compared to approximately ten months in 2005 .", "the increase in interest expense in 2005 as compared to 2004 also resulted from the recapitalization in 2005 .", "income tax expense income tax expense totaled $ 150.2 million , $ 116.1 million and $ 118.3 million for 2006 , 2005 and 2004 , respectively .", "this resulted in an effective tax rate of 37.2% ( 37.2 % ) , 37.2% ( 37.2 % ) and 37.6% ( 37.6 % ) for 2006 , 2005 and 2004 , respectively .", "net earnings net earnings totaled $ 259.1 million , $ 196.6 and $ 189.4 million for 2006 , 2005 and 2004 , respectively , or $ 1.37 , $ 1.53 and $ 1.48 per diluted share , respectively .", "segment results of operations transaction processing services ( in thousands ) ." ]

[ "revenues for the transaction processing services segment are derived from three main revenue channels ; enterprise solutions , integrated financial solutions and international .", "revenues from transaction processing services totaled $ 2458.8 million , $ 1208.4 and $ 892.0 million for 2006 , 2005 and 2004 , respectively .", "the overall segment increase of $ 1250.4 million during 2006 , as compared to 2005 was primarily attributable to the certegy merger which contributed $ 1067.2 million to the overall increase .", "the majority of the remaining 2006 growth is attributable to organic growth within the historically owned integrated financial solutions and international revenue channels , with international including $ 31.9 million related to the newly formed business process outsourcing operation in brazil .", "the overall segment increase of $ 316.4 in 2005 as compared to 2004 results from the inclusion of a full year of results for the 2004 acquisitions of aurum , sanchez , kordoba , and intercept , which contributed $ 301.1 million of the increase .", "cost of revenues for the transaction processing services segment totaled $ 1914.1 million , $ 904.1 million and $ 667.1 million for 2006 , 2005 and 2004 , respectively .", "the overall segment increase of $ 1010.0 million during 2006 as compared to 2005 was primarily attributable to the certegy merger which contributed $ 848.2 million to the increase .", "gross profit as a percentage of revenues ( 201cgross margin 201d ) was 22.2% ( 22.2 % ) , 25.2% ( 25.2 % ) and 25.2% ( 25.2 % ) for 2006 , 2005 and 2004 , respectively .", "the decrease in gross profit in 2006 as compared to 2005 is primarily due to the february 1 , 2006 certegy merger , which businesses typically have lower margins than those of the historically owned fis businesses .", "incremental intangible asset amortization relating to the certegy merger also contributed to the decrease in gross margin .", "included in cost of revenues was depreciation and amortization of $ 272.4 million , $ 139.8 million , and $ 94.6 million for 2006 , 2005 and 2004 , respectively .", "selling , general and administrative expenses totaled $ 171.1 million , $ 94.9 million and $ 99.6 million for 2006 , 2005 and 2004 , respectively .", "the increase in 2006 compared to 2005 is primarily attributable to the certegy merger which contributed $ 73.7 million to the overall increase of $ 76.2 million .", "the decrease of $ 4.7 million in 2005 as compared to 2004 is primarily attributable to the effect of acquisition related costs in 2004 .", "included in selling , general and administrative expenses was depreciation and amortization of $ 11.0 million , $ 9.1 million and $ 2.3 million for 2006 , 2005 and 2004 , respectively. ." ]

[ [ "", "2006", "2005", "2004" ], [ "Processing and services revenues", "$2,458,777", "$1,208,430", "$892,033" ], [ "Cost of revenues", "1,914,148", "904,124", "667,078" ], [ "Gross profit", "544,629", "304,306", "224,955" ], [ "Selling, general and administrative expenses", "171,106", "94,889", "99,581" ], [ "Research and development costs", "70,879", "85,702", "54,038" ], [ "Operating income", "$302,644", "$123,715", "$71,336" ] ]

[ [ "", "2006", "2005", "2004" ], [ "processing and services revenues", "$ 2458777", "$ 1208430", "$ 892033" ], [ "cost of revenues", "1914148", "904124", "667078" ], [ "gross profit", "544629", "304306", "224955" ], [ "selling general and administrative expenses", "171106", "94889", "99581" ], [ "research and development costs", "70879", "85702", "54038" ], [ "operating income", "$ 302644", "$ 123715", "$ 71336" ] ]

[]

[ "the following table summarized the status of the company 2019s non-vested performance share unit awards and changes for the period indicated : weighted- average grant date performance share unit awards shares fair value ." ]

[ "19 .", "segment reporting the u.s .", "reinsurance operation writes property and casualty reinsurance and specialty lines of business , including marine , aviation , surety and accident and health ( 201ca&h 201d ) business , on both a treaty and facultative basis , through reinsurance brokers , as well as directly with ceding companies primarily within the u.s .", "the international operation writes non-u.s .", "property and casualty reinsurance through everest re 2019s branches in canada and singapore and through offices in brazil , miami and new jersey .", "the bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its bermuda office and reinsurance to the united kingdom and european markets through its uk branch and ireland re .", "the insurance operation writes property and casualty insurance directly and through general agents , brokers and surplus lines brokers within the u.s .", "and canada .", "the mt .", "logan re segment represents business written for the segregated accounts of mt .", "logan re , which were formed on july 1 , 2013 .", "the mt .", "logan re business represents a diversified set of catastrophe exposures , diversified by risk/peril and across different geographical regions globally .", "these segments , with the exception of mt .", "logan re , are managed independently , but conform with corporate guidelines with respect to pricing , risk management , control of aggregate catastrophe exposures , capital , investments and support operations .", "management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results .", "the mt .", "logan re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria .", "underwriting results include earned premium less losses and loss adjustment expenses ( 201clae 201d ) incurred , commission and brokerage expenses and other underwriting expenses .", "we measure our underwriting results using ratios , in particular loss , commission and brokerage and other underwriting expense ratios , which , respectively , divide incurred losses , commissions and brokerage and other underwriting expenses by premiums earned .", "mt .", "logan re 2019s business is sourced through operating subsidiaries of the company ; however , the activity is only reflected in the mt .", "logan re segment .", "for other inter-affiliate reinsurance , business is generally reported within the segment in which the business was first produced , consistent with how the business is managed .", "except for mt .", "logan re , the company does not maintain separate balance sheet data for its operating segments .", "accordingly , the company does not review and evaluate the financial results of its operating segments based upon balance sheet data. ." ]

[ [ "", "Year Ended December 31, 2015" ], [ "Performance Share Unit Awards", "Shares", "Weighted- Average Grant Date Fair Value" ], [ "Outstanding at January 1,", "-", "$-" ], [ "Granted", "10,705", "178.84" ], [ "Vested", "-", "-" ], [ "Forfeited", "-", "-" ], [ "Outstanding at December 31,", "10,705", "178.84" ] ]

[ [ "performance share unit awards", "year ended december 31 2015 shares", "year ended december 31 2015 weighted- average grant date fair value" ], [ "outstanding at january 1,", "-", "$ -" ], [ "granted", "10705", "178.84" ], [ "vested", "-", "-" ], [ "forfeited", "-", "-" ], [ "outstanding at december 31,", "10705", "178.84" ] ]

[]

[ "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" ] ]

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[ "operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 .", "for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged .", "the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 .", "the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services .", "operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 .", "operating profit declines in civil and intelligence partially were offset by growth in defense .", "the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 .", "the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 .", "the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems .", "the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense .", "backlog decreased in 2009 compared to 2008 due to u.s .", "government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders .", "this decline more than offset increased orders on enterprise civilian services programs at civil .", "we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 .", "this decline primarily is due to completion of most of the work associated with the dris 2010 program .", "operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years .", "space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle .", "government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) .", "strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program .", "space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s .", "government ( united space alliance , or usa ) .", "the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time .", "space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 ." ]

[ "net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 .", "sales declined in all three lines of business during the year .", "the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program .", "there were no commercial launches in 2010 compared to one commercial launch in 2009 .", "strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs .", "the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities .", "there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 .", "net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 .", "during the year , sales growth at satellites and space transportation offset a decline in s&dms .", "the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities .", "there was one commercial satellite delivery in 2009 and two deliveries in 2008 .", "the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program .", "there was one commercial launch in both 2009 and 2008 .", "s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. ." ]

[ [ "<i>(In millions)</i>", "2010", "2009", "<i>2008</i>" ], [ "Net sales", "$8,246", "$8,654", "$8,027" ], [ "Operating profit", "972", "972", "953" ], [ "Operating margin", "11.8%", "11.2%", "11.9%" ], [ "Backlog at year-end", "17,800", "16,800", "17,900" ] ]

[ [ "( in millions )", "2010", "2009", "2008" ], [ "net sales", "$ 8246", "$ 8654", "$ 8027" ], [ "operating profit", "972", "972", "953" ], [ "operating margin", "11.8% ( 11.8 % )", "11.2% ( 11.2 % )", "11.9% ( 11.9 % )" ], [ "backlog at year-end", "17800", "16800", "17900" ] ]

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[ "performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end .", "additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited .", "compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period .", "maa presents stock compensation expense in the consolidated statements of operations in \"general and administrative expenses\" .", "effective january 1 , 2017 , the company adopted asu 2016-09 , improvements to employee share- based payment accounting , which allows employers to make a policy election to account for forfeitures as they occur .", "the company elected this option using the modified retrospective transition method , with a cumulative effect adjustment to retained earnings , and there was no material effect on the consolidated financial position or results of operations taken as a whole resulting from the reversal of previously estimated forfeitures .", "total compensation expense under the stock plan was approximately $ 10.8 million , $ 12.2 million and $ 6.9 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "of these amounts , total compensation expense capitalized was approximately $ 0.2 million , $ 0.7 million and $ 0.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "as of december 31 , 2017 , the total unrecognized compensation expense was approximately $ 14.1 million .", "this cost is expected to be recognized over the remaining weighted average period of 1.2 years .", "total cash paid for the settlement of plan shares totaled $ 4.8 million , $ 2.0 million and $ 1.0 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "information concerning grants under the stock plan is listed below .", "restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years .", "service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant .", "market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation .", "performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets .", "maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known .", "the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2017 , 2016 and 2015 , was $ 84.53 , $ 73.20 and $ 68.35 , respectively .", "the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2017 , 2016 and 2015: ." ]

[ "the risk free rate was based on a zero coupon risk-free rate .", "the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2017 , 2016 and 2015 .", "the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2017 , 2016 and 2015 .", "the dividend yield was based on the closing stock price of maa stock on the date of grant .", "volatility for maa was obtained by using a blend of both historical and implied volatility calculations .", "historical volatility was based on the standard deviation of daily total continuous returns , and implied volatility was based on the trailing month average of daily implied volatilities interpolating between the volatilities implied by stock call option contracts that were closest to the terms shown and closest to the money .", "the minimum volatility was based on a period of 3 years , 2 years and 1 year for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "the maximum volatility was based on a period of 1 year , 1 year and 2 years for the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "the requisite service period is based on the criteria for the separate programs according to the vesting schedule. ." ]

[ [ "", "2017", "2016", "2015" ], [ "Risk free rate", "0.65% - 1.57%", "0.49% - 1.27%", "0.10% - 1.05%" ], [ "Dividend yield", "3.573%", "3.634%", "3.932%" ], [ "Volatility", "20.43% - 21.85%", "18.41% - 19.45%", "15.41% - 16.04%" ], [ "Requisite service period", "3 years", "3 years", "3 years" ] ]

[ [ "", "2017", "2016", "2015" ], [ "risk free rate", "0.65% ( 0.65 % ) - 1.57% ( 1.57 % )", "0.49% ( 0.49 % ) - 1.27% ( 1.27 % )", "0.10% ( 0.10 % ) - 1.05% ( 1.05 % )" ], [ "dividend yield", "3.573% ( 3.573 % )", "3.634% ( 3.634 % )", "3.932% ( 3.932 % )" ], [ "volatility", "20.43% ( 20.43 % ) - 21.85% ( 21.85 % )", "18.41% ( 18.41 % ) - 19.45% ( 19.45 % )", "15.41% ( 15.41 % ) - 16.04% ( 16.04 % )" ], [ "requisite service period", "3 years", "3 years", "3 years" ] ]

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[ "entergy corporation and subsidiaries management 2019s financial discussion and analysis combination .", "consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) .", "these costs are being amortized over a nine-year period beginning december 2015 .", "see note 2 to the financial statements for further discussion of the business combination and customer credits .", "the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales .", "the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases 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 results 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 .", "entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 .", "amount ( in millions ) ." ]

[ "as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , although the average revenue per mwh shown in the table below for the nuclear fleet is slightly higher because it includes revenues from the fitzpatrick reimbursement agreement with exelon , the amortization of the palisades below-market ppa , and vermont yankee capacity revenue .", "the effect of the amortization of the palisades below-market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 .", "see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 .", "see 201cnuclear ." ]

[ [ "", "Amount (In Millions)" ], [ "2015 net revenue", "$1,666" ], [ "Nuclear realized price changes", "(149)" ], [ "Rhode Island State Energy Center", "(44)" ], [ "Nuclear volume", "(36)" ], [ "FitzPatrick reimbursement agreement", "41" ], [ "Nuclear fuel expenses", "68" ], [ "Other", "(4)" ], [ "2016 net revenue", "$1,542" ] ]

[ [ "", "amount ( in millions )" ], [ "2015 net revenue", "$ 1666" ], [ "nuclear realized price changes", "-149 ( 149 )" ], [ "rhode island state energy center", "-44 ( 44 )" ], [ "nuclear volume", "-36 ( 36 )" ], [ "fitzpatrick reimbursement agreement", "41" ], [ "nuclear fuel expenses", "68" ], [ "other", "-4 ( 4 )" ], [ "2016 net revenue", "$ 1542" ] ]

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[ "2022 higher 2017 sales volumes , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives , costs associated with various growth investments made in 2016 and changes in currency exchange rates , partially offset by incremental year-over-year costs associated with various product development and sales and marketing growth investments : 60 basis points year-over-year operating profit margin comparisons were unfavorably impacted by : 2022 the incremental year-over-year net dilutive effect of acquired businesses : 20 basis points 2016 compared to 2015 year-over-year price increases in the segment contributed 0.3% ( 0.3 % ) to sales growth during 2016 as compared to 2015 and are reflected as a component of the change in sales from existing businesses .", "sales from existing businesses in the segment 2019s transportation technologies businesses grew at a high-single digit rate during 2016 as compared to 2015 , due primarily to strong demand for dispenser , payment and point-of-sale systems , environmental compliance products as well as vehicle and fleet management products , partly offset by weaker year-over-year demand for compressed natural gas products .", "as expected , beginning in the second half of 2016 , the business began to experience reduced emv-related demand for indoor point-of-sale solutions , as customers had largely upgraded to products that support indoor emv requirements in the prior year in response to the indoor liability shift .", "however , demand increased on a year-over-year basis for dispensers and payment systems as customers in the united states continued to upgrade equipment driven primarily by the emv deadlines related to outdoor payment systems .", "geographically , sales from existing businesses continued to increase on a year-over-year basis in the united states and to a lesser extent in asia and western europe .", "sales from existing businesses in the segment 2019s automation & specialty components business declined at a low-single digit rate during 2016 as compared to 2015 .", "the businesses experienced sequential year-over-year improvement in demand during the second half of 2016 as compared to the first half of 2016 .", "during 2016 , year-over-year demand declined for engine retarder products due primarily to weakness in the north american heavy-truck market , partly offset by strong growth in china and europe .", "in addition , year-over-year demand declined in certain medical and defense related end markets which were partly offset by increased year-over-year demand for industrial automation products particularly in china .", "geographically , sales from existing businesses in the segment 2019s automation & specialty components businesses declined in north america , partly offset by growth in western europe and china .", "sales from existing businesses in the segment 2019s franchise distribution business grew at a mid-single digit rate during 2016 , as compared to 2015 , due primarily to continued net increases in franchisees as well as continued growth in demand for professional tool products and tool storage products , primarily in the united states .", "this growth was partly offset by year- over-year declines in wheel service equipment sales during 2016 .", "operating profit margins increased 70 basis points during 2016 as compared to 2015 .", "the following factors favorably impacted year-over-year operating profit margin comparisons : 2022 higher 2016 sales volumes , pricing improvements , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives and the incrementally favorable impact of the impairment of certain tradenames used in the segment in 2015 and 2016 , net of costs associated with various growth investments , product development and sales and marketing growth investments , higher year-over-year costs associated with restructuring actions and changes in currency exchange rates : 65 basis points 2022 the incremental net accretive effect in 2016 of acquired businesses : 5 basis points cost of sales and gross profit ." ]

[ "the year-over-year increase in cost of sales during 2017 as compared to 2016 is due primarily to the impact of higher year- over-year sales volumes and changes in currency exchange rates partly offset by incremental year-over-year cost savings ." ]

[ [ "", "For the Year Ended December 31" ], [ "($ in millions)", "2017", "2016", "2015" ], [ "Sales", "$6,656.0", "$6,224.3", "$6,178.8" ], [ "Cost of sales", "(3,357.5)", "(3,191.5)", "(3,178.8)" ], [ "Gross profit", "3,298.5", "3,032.8", "3,000.0" ], [ "Gross profit margin", "49.6%", "48.7%", "48.6%" ] ]

[ [ "( $ in millions )", "for the year ended december 31 2017", "for the year ended december 31 2016", "for the year ended december 31 2015" ], [ "sales", "$ 6656.0", "$ 6224.3", "$ 6178.8" ], [ "cost of sales", "-3357.5 ( 3357.5 )", "-3191.5 ( 3191.5 )", "-3178.8 ( 3178.8 )" ], [ "gross profit", "3298.5", "3032.8", "3000.0" ], [ "gross profit margin", "49.6% ( 49.6 % )", "48.7% ( 48.7 % )", "48.6% ( 48.6 % )" ] ]

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[ "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" ] ]

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[ "jpmorgan chase & co./2016 annual report 35 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .", "( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .", "the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors .", "the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .", "and is composed of leading national money center and regional banks and thrifts .", "the s&p financial index is an index of financial companies , all of which are components of the s&p 500 .", "the firm is a component of all three industry indices .", "the following table and graph assume simultaneous investments of $ 100 on december 31 , 2011 , in jpmorgan chase common stock and in each of the above indices .", "the comparison assumes that all dividends are reinvested .", "december 31 , ( in dollars ) 2011 2012 2013 2014 2015 2016 ." ]

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

[ [ "December 31,(in dollars)", "2011", "2012", "2013", "2014", "2015", "2016" ], [ "JPMorgan Chase", "$100.00", "$136.18", "$186.17", "$204.57", "$221.68", "$298.31" ], [ "KBW Bank Index", "100.00", "133.03", "183.26", "200.42", "201.40", "258.82" ], [ "S&P Financial Index", "100.00", "128.75", "174.57", "201.06", "197.92", "242.94" ], [ "S&P 500 Index", "100.00", "115.99", "153.55", "174.55", "176.95", "198.10" ] ]

[ [ "december 31 ( in dollars )", "2011", "2012", "2013", "2014", "2015", "2016" ], [ "jpmorgan chase", "$ 100.00", "$ 136.18", "$ 186.17", "$ 204.57", "$ 221.68", "$ 298.31" ], [ "kbw bank index", "100.00", "133.03", "183.26", "200.42", "201.40", "258.82" ], [ "s&p financial index", "100.00", "128.75", "174.57", "201.06", "197.92", "242.94" ], [ "s&p 500 index", "100.00", "115.99", "153.55", "174.55", "176.95", "198.10" ] ]

[ { "arg1": "298.31", "arg2": "const_100", "op": "minus1-1", "res": "198.31" }, { "arg1": "#0", "arg2": "const_100", "op": "divide1-2", "res": "198.31%" } ]

[ "performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2005 through december 31 , 2010 , when the closing price of our common stock was $ 12.66 .", "the graph assumes investments of $ 100 on december 31 , 2005 in our common stock and in each of the three indices and the reinvestment of dividends .", "performance graph 201020092008200720062005 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2005 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. ." ]

[ "in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .", "at december 31 , 2010 , we had remaining authorization to repurchase up to 27 million shares .", "during 2010 , we repurchased and retired three million shares of our common stock , for cash aggregating $ 45 million to offset the dilutive impact of the 2010 grant of three million shares of long-term stock awards .", "we did not purchase any shares during the three months ended december 31 , 2010. ." ]

[ [ "", "2006", "2007", "2008", "2009", "2010" ], [ "Masco", "$101.79", "$76.74", "$42.81", "$54.89", "$51.51" ], [ "S&P 500 Index", "$115.61", "$121.95", "$77.38", "$97.44", "$111.89" ], [ "S&P Industrials Index", "$113.16", "$126.72", "$76.79", "$92.30", "$116.64" ], [ "S&P Consumer Durables & Apparel Index", "$106.16", "$84.50", "$56.13", "$76.51", "$99.87" ] ]

[ [ "", "2006", "2007", "2008", "2009", "2010" ], [ "masco", "$ 101.79", "$ 76.74", "$ 42.81", "$ 54.89", "$ 51.51" ], [ "s&p 500 index", "$ 115.61", "$ 121.95", "$ 77.38", "$ 97.44", "$ 111.89" ], [ "s&p industrials index", "$ 113.16", "$ 126.72", "$ 76.79", "$ 92.30", "$ 116.64" ], [ "s&p consumer durables & apparel index", "$ 106.16", "$ 84.50", "$ 56.13", "$ 76.51", "$ 99.87" ] ]

[]

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

[ "dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares .", "the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 .", "in addition , in january 2014 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2014 to shareholders of record at the close of business on february 18 , 2014 .", "in october 2011 , the board of managers of delphi automotive llp approved a distribution of approximately $ 95 million , which was paid on december 5 , 2011 , principally in respect of taxes , to members of delphi automotive llp who held membership interests as of the close of business on october 31 , 2011. ." ]

[ [ "Company Index", "November 17, 2011", "December 31, 2011", "December 31, 2012", "December 31, 2013" ], [ "Delphi Automotive PLC (1)", "$100.00", "$100.98", "$179.33", "$285.81" ], [ "S&P 500 (2)", "100.00", "100.80", "116.93", "154.80" ], [ "Automotive Supplier Peer Group (3)", "100.00", "89.27", "110.41", "166.46" ] ]

[ [ "company index", "november 17 2011", "december 31 2011", "december 31 2012", "december 31 2013" ], [ "delphi automotive plc ( 1 )", "$ 100.00", "$ 100.98", "$ 179.33", "$ 285.81" ], [ "s&p 500 ( 2 )", "100.00", "100.80", "116.93", "154.80" ], [ "automotive supplier peer group ( 3 )", "100.00", "89.27", "110.41", "166.46" ] ]

[ { "arg1": "285.81", "arg2": "const_100", "op": "minus2-1", "res": "185.81" }, { "arg1": "#0", "arg2": "const_100", "op": "divide2-2", "res": "185.81%" } ]

[ "152 the pnc financial services group , inc .", "2013 form 10-k in addition to the proceedings or other matters described above , pnc and persons to whom we may have indemnification obligations , in the normal course of business , are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted .", "we do not anticipate , at the present time , that the ultimate aggregate liability , if any , arising out of such other legal proceedings will have a material adverse effect on our financial position .", "however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period .", "note 20 commitments in the normal course of business , we have various commitments outstanding , certain of which are not included on our consolidated balance sheet .", "the following table presents our outstanding commitments to extend credit along with significant other commitments as of december 31 , 2017 and december 31 , 2016 , respectively .", "table 98 : commitments to extend credit and other commitments in millions december 31 december 31 ." ]

[ "commitments to extend credit , or net unfunded loan commitments , represent arrangements to lend funds or provide liquidity subject to specified contractual conditions .", "these commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .", "net outstanding standby letters of credit we issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution .", "approximately 91% ( 91 % ) and 94% ( 94 % ) of our net outstanding standby letters of credit were rated as pass as of december 31 , 2017 and december 31 , 2016 , respectively , with the remainder rated as below pass .", "an internal credit rating of pass indicates the expected risk of loss is currently low , while a rating of below pass indicates a higher degree of risk .", "if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them .", "the standby letters of credit outstanding on december 31 , 2017 had terms ranging from less than one year to seven years .", "as of december 31 , 2017 , assets of $ 1.3 billion secured certain specifically identified standby letters of credit .", "in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us .", "the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ .2 billion at december 31 , 2017 and is included in other liabilities on our consolidated balance sheet. ." ]

[ [ "In millions", "December 31 2017", "December 31 2016" ], [ "Commitments to extend credit", "", "" ], [ "Total commercial lending", "$112,125", "$108,256" ], [ "Home equity lines of credit", "17,852", "17,438" ], [ "Credit card", "24,911", "22,095" ], [ "Other", "4,753", "4,192" ], [ "Total commitments to extend credit", "159,641", "151,981" ], [ "Net outstanding standby letters ofcredit (a)", "8,651", "8,324" ], [ "Reinsurance agreements (b)", "1,654", "1,835" ], [ "Standby bond purchase agreements (c)", "843", "790" ], [ "Other commitments (d)", "1,732", "967" ], [ "Total commitments to extendcredit and other commitments", "$172,521", "$163,897" ] ]

[ [ "in millions", "december 31 2017", "december 31 2016" ], [ "commitments to extend credit", "", "" ], [ "total commercial lending", "$ 112125", "$ 108256" ], [ "home equity lines of credit", "17852", "17438" ], [ "credit card", "24911", "22095" ], [ "other", "4753", "4192" ], [ "total commitments to extend credit", "159641", "151981" ], [ "net outstanding standby letters ofcredit ( a )", "8651", "8324" ], [ "reinsurance agreements ( b )", "1654", "1835" ], [ "standby bond purchase agreements ( c )", "843", "790" ], [ "other commitments ( d )", "1732", "967" ], [ "total commitments to extendcredit and other commitments", "$ 172521", "$ 163897" ] ]

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[ "equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2014 .", "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 1955024 $ 36.06 4078093 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 , 644321 were subject to stock options , 539742 were subject to outstanding restricted performance stock rights , and 63022 were stock rights granted under the 2011 plan .", "in addition , this number includes 33571 stock rights , 11046 restricted stock rights and 663322 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .", "( 2 ) this is the weighted average exercise price of the 644321 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 2015 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 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year .", "this proof is printed at 96% ( 96 % ) of original size this line represents final trim and will not print ." ]

[ [ "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", "1,955,024", "$36.06", "4,078,093" ], [ "Equity compensation plans not approved by security holders⁽³⁾", "—", "—", "—" ], [ "Total", "1,955,024", "$36.06", "4,078,093" ] ]

[ [ "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", "1955024", "$ 36.06", "4078093" ], [ "equity compensation plans not approved by security holders ( 3 )", "2014", "2014", "2014" ], [ "total", "1955024", "$ 36.06", "4078093" ] ]

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[ "synopsys , inc .", "notes to consolidated financial statements 2014continued the aggregate purchase price consideration was approximately us$ 417.0 million .", "as of october 31 , 2012 , the total purchase consideration and the preliminary purchase price allocation were as follows: ." ]

[ "goodwill of $ 247.5 million , which is generally not deductible for tax purposes , primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of springsoft 2019s technology and operations with the company 2019s technology and operations .", "identifiable intangible assets , consisting primarily of technology , customer relationships , backlog and trademarks , were valued using the income method , and are being amortized over three to eight years .", "acquisition-related costs directly attributable to the business combination were $ 6.6 million for fiscal 2012 and were expensed as incurred in the consolidated statements of operations .", "these costs consisted primarily of employee separation costs and professional services .", "fair value of equity awards : pursuant to the merger agreement , the company assumed all the unvested outstanding stock options of springsoft upon the completion of the merger and the vested options were exchanged for cash in the merger .", "on october 1 , 2012 , the date of the completion of the tender offer , the fair value of the awards to be assumed and exchanged was $ 9.9 million , calculated using the black-scholes option pricing model .", "the black-scholes option-pricing model incorporates various subjective assumptions including expected volatility , expected term and risk-free interest rates .", "the expected volatility was estimated by a combination of implied and historical stock price volatility of the options .", "non-controlling interest : non-controlling interest represents the fair value of the 8.4% ( 8.4 % ) of outstanding springsoft shares that were not acquired during the tender offer process completed on october 1 , 2012 and the fair value of the option awards that were to be assumed or exchanged for cash upon the follow-on merger .", "the fair value of the non-controlling interest included as part of the aggregate purchase consideration was $ 42.8 million and is disclosed as a separate line in the october 31 , 2012 consolidated statements of stockholders 2019 equity .", "during the period between the completion of the tender offer and the end of the company 2019s fiscal year on october 31 , 2012 , the non-controlling interest was adjusted by $ 0.5 million to reflect the non-controlling interest 2019s share of the operating loss of springsoft in that period .", "as the amount is not significant , it has been included as part of other income ( expense ) , net , in the consolidated statements of operations. ." ]

[ [ "", "(in thousands)" ], [ "Cash paid", "$373,519" ], [ "Fair value of shares to be acquired through a follow-on merger", "34,054" ], [ "Fair value of equity awards allocated to purchase consideration", "9,383" ], [ "Total purchase consideration", "$416,956" ], [ "Goodwill", "247,482" ], [ "Identifiable intangibles assets acquired", "108,867" ], [ "Cash and other assets acquired", "137,222" ], [ "Liabilities assumed", "(76,615)" ], [ "Total purchase allocation", "$416,956" ] ]

[ [ "", "( in thousands )" ], [ "cash paid", "$ 373519" ], [ "fair value of shares to be acquired through a follow-on merger", "34054" ], [ "fair value of equity awards allocated to purchase consideration", "9383" ], [ "total purchase consideration", "$ 416956" ], [ "goodwill", "247482" ], [ "identifiable intangibles assets acquired", "108867" ], [ "cash and other assets acquired", "137222" ], [ "liabilities assumed", "-76615 ( 76615 )" ], [ "total purchase allocation", "$ 416956" ] ]

[ { "arg1": "247482", "arg2": "108867", "op": "add2-1", "res": "356349" }, { "arg1": "#0", "arg2": "416956", "op": "divide2-2", "res": "85%" } ]

[ "management 2019s discussion and analysis net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 .", "net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of $ 494 million on the sale of our hedge fund administration business .", "in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity .", "these increases were offset by lower commissions and fees , reflecting declines in the united states , europe and asia .", "our average daily volumes during 2012 were lower in each of these regions compared with 2011 , consistent with listed cash equity market volumes .", "during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels .", "the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 .", "during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions .", "these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions .", "in addition , the u.s .", "economy posted stable to improving economic data , including favorable developments in unemployment and housing .", "these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility .", "however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels .", "also , uncertainty over financial regulatory reform persisted .", "operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings .", "pre- tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 .", "investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients .", "these investments , some of which are consolidated , 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 , and real estate entities .", "the table below presents the operating results of our investing & lending segment. ." ]

[ "2013 versus 2012 .", "net revenues in investing & lending were $ 7.02 billion for 2013 , 19% ( 19 % ) higher than 2012 , reflecting a significant increase in net gains from investments in equity securities , driven by company-specific events and stronger corporate performance , as well as significantly higher global equity prices .", "in addition , net gains and net interest income from debt securities and loans were slightly higher , while other net revenues , related to our consolidated investments , were lower compared with 2012 .", "if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted .", "operating expenses were $ 2.68 billion for 2013 , essentially unchanged compared with 2012 .", "operating expenses during 2013 included lower impairment charges and lower operating expenses related to consolidated investments , partially offset by increased compensation and benefits expenses due to higher net revenues compared with 2012 .", "pre-tax earnings were $ 4.33 billion in 2013 , 34% ( 34 % ) higher than 2012 .", "52 goldman sachs 2013 annual report ." ]

[ [ "", "Year Ended December" ], [ "<i>in millions</i>", "2013", "2012", "2011" ], [ "Equity securities", "$3,930", "$2,800", "$ 603" ], [ "Debt securities and loans", "1,947", "1,850", "96" ], [ "Other", "1,141", "1,241", "1,443" ], [ "Total net revenues", "7,018", "5,891", "2,142" ], [ "Operating expenses", "2,684", "2,666", "2,673" ], [ "Pre-tax earnings/(loss)", "$4,334", "$3,225", "$ (531)" ] ]

[ [ "in millions", "year ended december 2013", "year ended december 2012", "year ended december 2011" ], [ "equity securities", "$ 3930", "$ 2800", "$ 603" ], [ "debt securities and loans", "1947", "1850", "96" ], [ "other", "1141", "1241", "1443" ], [ "total net revenues", "7018", "5891", "2142" ], [ "operating expenses", "2684", "2666", "2673" ], [ "pre-tax earnings/ ( loss )", "$ 4334", "$ 3225", "$ -531 ( 531 )" ] ]

[]

[ "the following graph compares the cumulative 4-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index .", "the graph assumes that the value of the investment in our common stock and in each index ( including reinvestment of dividends ) was $ 100 on january 3 , 2009 and tracks it through december 29 , 2012 .", "comparison of 4 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , and s&p 400 information technology cadence design systems , inc .", "nasdaq composite s&p 400 information technology 12/29/121/1/11 12/31/111/2/101/3/09 *$ 100 invested on 1/3/09 in stock or 12/31/08 in index , including reinvestment of dividends .", "indexes calculated on month-end basis .", "copyright a9 2013 s&p , a division of the mcgraw-hill companies all rights reserved. ." ]

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

[ [ "", "1/3/2009", "1/2/2010", "1/1/2011", "12/31/2011", "12/29/2012" ], [ "Cadence Design Systems, Inc.", "100.00", "155.99", "215.10", "270.83", "350.00" ], [ "NASDAQ Composite", "100.00", "139.32", "164.84", "167.06", "187.66" ], [ "S&P 400 Information Technology", "100.00", "151.58", "198.02", "174.88", "201.26" ] ]

[ [ "", "1/3/2009", "1/2/2010", "1/1/2011", "12/31/2011", "12/29/2012" ], [ "cadence design systems inc .", "100.00", "155.99", "215.10", "270.83", "350.00" ], [ "nasdaq composite", "100.00", "139.32", "164.84", "167.06", "187.66" ], [ "s&p 400 information technology", "100.00", "151.58", "198.02", "174.88", "201.26" ] ]

[]

[ "the graph below matches cadence design systems , inc . 2019s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the s&p information technology index , and the nasdaq composite index .", "the graph assumes that the value of the investment in our common stock , and in each index ( including reinvestment of dividends ) was $ 100 on december 28 , 2002 and tracks it through december 29 , 2007 .", "comparison of 5 year cumulative total return* among cadence design systems , inc. , the s&p 500 index , the nasdaq composite index and the s&p information technology index 12/29/0712/30/0612/31/051/1/051/3/0412/28/02 cadence design systems , inc .", "nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/28/02 in stock or on 12/31/02 in index-including reinvestment of dividends .", "indexes calculated on month-end basis .", "copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .", "all rights reserved .", "www.researchdatagroup.com/s&p.htm ." ]

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

[ [ "", "12/28/02", "1/3/04", "1/1/05", "12/31/05", "12/30/06", "12/29/07" ], [ "Cadence Design Systems, Inc.", "100.00", "149.92", "113.38", "138.92", "147.04", "139.82" ], [ "S & P 500", "100.00", "128.68", "142.69", "149.70", "173.34", "182.87" ], [ "NASDAQ Composite", "100.00", "149.75", "164.64", "168.60", "187.83", "205.22" ], [ "S & P Information Technology", "100.00", "147.23", "150.99", "152.49", "165.32", "192.28" ] ]

[ [ "", "12/28/02", "1/3/04", "1/1/05", "12/31/05", "12/30/06", "12/29/07" ], [ "cadence design systems inc .", "100.00", "149.92", "113.38", "138.92", "147.04", "139.82" ], [ "s & p 500", "100.00", "128.68", "142.69", "149.70", "173.34", "182.87" ], [ "nasdaq composite", "100.00", "149.75", "164.64", "168.60", "187.83", "205.22" ], [ "s & p information technology", "100.00", "147.23", "150.99", "152.49", "165.32", "192.28" ] ]

[]

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

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

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

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

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[ "purchases of equity securities 2013 during 2018 , we repurchased 57669746 shares of our common stock at an average price of $ 143.70 .", "the following table presents common stock repurchases during each month for the fourth quarter of 2018 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] ." ]

[ "[a] total number of shares purchased during the quarter includes approximately 17391 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .", "[b] effective january 1 , 2017 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2020 .", "these repurchases may be made on the open market or through other transactions .", "our management has sole discretion with respect to determining the timing and amount of these transactions. ." ]

[ [ "Period", "Total Number of Shares Purchased [a]", "Average Price Paid Per Share", "Total Number of Shares Purchased as Part of a Publicly AnnouncedPlan or Program [b]", "Maximum Number of Shares Remaining Under the Plan or Program [b]" ], [ "Oct. 1 through Oct. 31", "6,091,605", "$158.20", "6,087,727", "32,831,024" ], [ "Nov. 1 through Nov. 30", "3,408,467", "147.91", "3,402,190", "29,428,834" ], [ "Dec. 1 through Dec. 31", "3,007,951", "148.40", "3,000,715", "26,428,119" ], [ "Total", "12,508,023", "$153.04", "12,490,632", "N/A" ] ]

[ [ "period", "total number of shares purchased [a]", "average price paid per share", "total number of shares purchased as part of a publicly announcedplan or program [b]", "maximum number of shares remaining under the plan or program [b]" ], [ "oct . 1 through oct . 31", "6091605", "$ 158.20", "6087727", "32831024" ], [ "nov . 1 through nov . 30", "3408467", "147.91", "3402190", "29428834" ], [ "dec . 1 through dec . 31", "3007951", "148.40", "3000715", "26428119" ], [ "total", "12508023", "$ 153.04", "12490632", "n/a" ] ]

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[ "management 2019s discussion and analysis of financial condition and results of operations ( continued ) detail with respect to our investment portfolio as of december 31 , 2014 and 2013 is provided in note 3 to the consolidated financial statements included under item 8 of this form 10-k .", "loans and leases averaged $ 15.91 billion for the year ended 2014 , up from $ 13.78 billion in 2013 .", "the increase was mainly related to mutual fund lending and our continued investment in senior secured bank loans .", "mutual fund lending and senior secured bank loans averaged approximately $ 9.12 billion and $ 1.40 billion , respectively , for the year ended december 31 , 2014 compared to $ 8.16 billion and $ 170 million for the year ended december 31 , 2013 , respectively .", "average loans and leases also include short- duration advances .", "table 13 : u.s .", "and non-u.s .", "short-duration advances years ended december 31 ." ]

[ "average u.s .", "short-duration advances $ 2355 $ 2356 $ 1972 average non-u.s .", "short-duration advances 1512 1393 1393 average total short-duration advances $ 3867 $ 3749 $ 3365 average short-durance advances to average loans and leases 24% ( 24 % ) 27% ( 27 % ) 29% ( 29 % ) the decline in proportion of the average daily short-duration advances to average loans and leases is primarily due to growth in the other segments of the loan and lease portfolio .", "short-duration advances provide liquidity to clients in support of their investment activities .", "although average short-duration advances for the year ended december 31 , 2014 increased compared to the year ended december 31 , 2013 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity .", "average other interest-earning assets increased to $ 15.94 billion for the year ended december 31 , 2014 from $ 11.16 billion for the year ended december 31 , 2013 .", "the increased levels were primarily the result of higher levels of cash collateral provided in connection with our enhanced custody business .", "aggregate average interest-bearing deposits increased to $ 130.30 billion for the year ended december 31 , 2014 from $ 109.25 billion for year ended 2013 .", "the higher levels were primarily the result of increases in both u.s .", "and non-u.s .", "transaction accounts and time deposits .", "future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s .", "and non-u.s .", "interest rates .", "average other short-term borrowings increased to $ 4.18 billion for the year ended december 31 , 2014 from $ 3.79 billion for the year ended 2013 .", "the increase was the result of a higher level of client demand for our commercial paper .", "the decline in rates paid from 1.6% ( 1.6 % ) in 2013 to 0.1% ( 0.1 % ) in 2014 resulted from a reclassification of certain derivative contracts that hedge our interest-rate risk on certain assets and liabilities , which reduced interest revenue and interest expense .", "average long-term debt increased to $ 9.31 billion for the year ended december 31 , 2014 from $ 8.42 billion for the year ended december 31 , 2013 .", "the increase primarily reflected the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , $ 1.0 billion of senior debt issued in november 2013 , and $ 1.0 billion of senior debt issued in december 2014 .", "this is partially offset by the maturities of $ 500 million of senior debt in may 2014 and $ 250 million of senior debt in march 2014 .", "average other interest-bearing liabilities increased to $ 7.35 billion for the year ended december 31 , 2014 from $ 6.46 billion for the year ended december 31 , 2013 , primarily the result of higher levels of cash collateral received from clients in connection with our enhanced custody business .", "several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s .", "and non-u.s .", "interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured .", "based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay-downs and maturities of investment securities in highly-rated securities , such as u.s .", "treasury and agency securities , municipal securities , federal agency mortgage-backed securities and u.s .", "and non-u.s .", "mortgage- and asset-backed securities .", "the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time .", "we expect these factors and the levels of global interest rates to influence what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. ." ]

[ [ "(In millions)", "2014", "2013", "2012" ], [ "Average U.S. short-duration advances", "$2,355", "$2,356", "$1,972" ], [ "Average non-U.S. short-duration advances", "1,512", "1,393", "1,393" ], [ "Average total short-duration advances", "$3,867", "$3,749", "$3,365" ], [ "Average short-durance advances to average loans and leases", "24%", "27%", "29%" ] ]

[ [ "( in millions )", "2014", "2013", "2012" ], [ "average u.s . short-duration advances", "$ 2355", "$ 2356", "$ 1972" ], [ "average non-u.s . short-duration advances", "1512", "1393", "1393" ], [ "average total short-duration advances", "$ 3867", "$ 3749", "$ 3365" ], [ "average short-durance advances to average loans and leases", "24% ( 24 % )", "27% ( 27 % )", "29% ( 29 % )" ] ]

[ { "arg1": "2356", "arg2": "1972", "op": "minus2-1", "res": "384" }, { "arg1": "#0", "arg2": "1972", "op": "divide2-2", "res": "19.5%" } ]

[ "capital asset purchases associated with the retail segment were $ 294 million in 2007 , bringing the total capital asset purchases since inception of the retail segment to $ 1.0 billion .", "as of september 29 , 2007 , the retail segment had approximately 7900 employees and had outstanding operating lease commitments associated with retail store space and related facilities of $ 1.1 billion .", "the company would incur substantial costs if it were to close multiple retail stores .", "such costs could adversely affect the company 2019s financial condition and operating results .", "other segments the company 2019s other segments , which consists of its asia pacific and filemaker operations , experienced an increase in net sales of $ 406 million , or 30% ( 30 % ) during 2007 compared to 2006 .", "this increase related primarily to a 58% ( 58 % ) increase in sales of mac portable products and strong ipod sales in the company 2019s asia pacific region .", "during 2006 , net sales in other segments increased 35% ( 35 % ) compared to 2005 primarily due to an increase in sales of ipod and mac portable products .", "strong sales growth was a result of the introduction of the updated ipods featuring video-playing capabilities and the new intel-based mac portable products that translated to a 16% ( 16 % ) increase in mac unit sales during 2006 compared to 2005 .", "gross margin gross margin for each of the last three fiscal years are as follows ( in millions , except gross margin percentages ) : september 29 , september 30 , september 24 , 2007 2006 2005 ." ]

[ "gross margin percentage of 34.0% ( 34.0 % ) in 2007 increased significantly from 29.0% ( 29.0 % ) in 2006 .", "the primary drivers of this increase were more favorable costs on certain commodity components , including nand flash memory and dram memory , higher overall revenue that provided for more leverage on fixed production costs and a higher percentage of revenue from the company 2019s direct sales channels .", "the company anticipates that its gross margin and the gross margins of the personal computer , consumer electronics and mobile communication industries will be subject to pressure due to price competition .", "the company expects gross margin percentage to decline sequentially in the first quarter of 2008 primarily as a result of the full-quarter impact of product transitions and reduced pricing that were effected in the fourth quarter of 2007 , lower sales of ilife and iwork in their second quarter of availability , seasonally higher component costs , and a higher mix of indirect sales .", "these factors are expected to be partially offset by higher sales of the company 2019s mac os x operating system due to the introduction of mac os x version 10.5 leopard ( 2018 2018mac os x leopard 2019 2019 ) that became available in october 2007 .", "the foregoing statements regarding the company 2019s expected gross margin percentage are forward-looking .", "there can be no assurance that current gross margin percentage will be maintained or targeted gross margin percentage levels will be achieved .", "in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and a potential shift in the company 2019s sales mix towards products with lower gross margins .", "in response to these competitive pressures , the company expects it will continue to take pricing actions with respect to its products .", "gross margins could also be affected by the company 2019s ability to effectively manage product quality and warranty costs and to stimulate ." ]

[ [ "", "September 29, 2007", "September 30, 2006", "September 24, 2005" ], [ "Net sales", "$24,006", "$19,315", "$13,931" ], [ "Cost of sales", "15,852", "13,717", "9,889" ], [ "Gross margin", "$8,154", "$5,598", "$4,042" ], [ "Gross margin percentage", "34.0%", "29.0%", "29.0%" ] ]

[ [ "", "september 29 2007", "september 30 2006", "september 24 2005" ], [ "net sales", "$ 24006", "$ 19315", "$ 13931" ], [ "cost of sales", "15852", "13717", "9889" ], [ "gross margin", "$ 8154", "$ 5598", "$ 4042" ], [ "gross margin percentage", "34.0% ( 34.0 % )", "29.0% ( 29.0 % )", "29.0% ( 29.0 % )" ] ]

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[ "sales of unregistered securities not applicable .", "repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2017 to december 31 , 2017 .", "total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 ." ]

[ "1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .", "we repurchased 1474 withheld shares in october 2017 , 893 withheld shares in november 2017 and 10639 withheld shares in december 2017 , for a total of 13006 withheld shares during the three-month period .", "2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program .", "3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .", "on february 14 , 2018 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .", "the new authorization is in addition to any amounts remaining for repurchase under the 2017 share repurchase program .", "there is no expiration date associated with the share repurchase programs. ." ]

[ [ "", "Total Number ofShares (or Units)Purchased¹", "Average Price Paidper Share (or Unit)²", "Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs³", "Maximum Number (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms³" ], [ "October 1 - 31", "1,231,868", "$20.74", "1,230,394", "$214,001,430" ], [ "November 1 - 30", "1,723,139", "$18.89", "1,722,246", "$181,474,975" ], [ "December 1 - 31", "1,295,639", "$20.25", "1,285,000", "$155,459,545" ], [ "Total", "4,250,646", "$19.84", "4,237,640", "" ] ]

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

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[ "eog utilized average prices per acre from comparable market transactions and estimated discounted cash flows as the basis for determining the fair value of unproved and proved properties , respectively , received in non-cash property exchanges .", "see note 10 .", "fair value of debt .", "at december 31 , 2018 and 2017 , respectively , eog had outstanding $ 6040 million and $ 6390 million aggregate principal amount of senior notes , which had estimated fair values of approximately $ 6027 million and $ 6602 million , respectively .", "the estimated fair value of debt was based upon quoted market prices and , where such prices were not available , other observable ( level 2 ) inputs regarding interest rates available to eog at year-end .", "14 .", "accounting for certain long-lived assets eog reviews its proved oil and gas properties for impairment purposes by comparing the expected undiscounted future cash flows at a depreciation , depletion and amortization group level to the unamortized capitalized cost of the asset .", "the carrying values for assets determined to be impaired were adjusted to estimated fair value using the income approach described in the fair value measurement topic of the asc .", "in certain instances , eog utilizes accepted offers from third-party purchasers as the basis for determining fair value .", "during 2018 , proved oil and gas properties with a carrying amount of $ 139 million were written down to their fair value of $ 18 million , resulting in pretax impairment charges of $ 121 million .", "during 2017 , proved oil and gas properties with a carrying amount of $ 370 million were written down to their fair value of $ 146 million , resulting in pretax impairment charges of $ 224 million .", "impairments in 2018 , 2017 and 2016 included domestic legacy natural gas assets .", "amortization and impairments of unproved oil and gas property costs , including amortization of capitalized interest , were $ 173 million , $ 211 million and $ 291 million during 2018 , 2017 and 2016 , respectively .", "15 .", "asset retirement obligations the following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property , plant and equipment for the years ended december 31 , 2018 and 2017 ( in thousands ) : ." ]

[ "( 1 ) includes settlements related to asset sales .", "the current and noncurrent portions of eog's asset retirement obligations are included in current liabilities - other and other liabilities , respectively , on the consolidated balance sheets. ." ]

[ [ "", "2018", "2017" ], [ "Carrying Amount at Beginning of Period", "$946,848", "$912,926" ], [ "Liabilities Incurred", "79,057", "54,764" ], [ "Liabilities Settled⁽¹⁾", "(70,829)", "(61,871)" ], [ "Accretion", "36,622", "34,708" ], [ "Revisions", "(38,932)", "(9,818)" ], [ "Foreign Currency Translations", "1,611", "16,139" ], [ "Carrying Amount at End of Period", "$954,377", "$946,848" ], [ "Current Portion", "$26,214", "$19,259" ], [ "Noncurrent Portion", "$928,163", "$927,589" ] ]

[ [ "", "2018", "2017" ], [ "carrying amount at beginning of period", "$ 946848", "$ 912926" ], [ "liabilities incurred", "79057", "54764" ], [ "liabilities settled ( 1 )", "-70829 ( 70829 )", "-61871 ( 61871 )" ], [ "accretion", "36622", "34708" ], [ "revisions", "-38932 ( 38932 )", "-9818 ( 9818 )" ], [ "foreign currency translations", "1611", "16139" ], [ "carrying amount at end of period", "$ 954377", "$ 946848" ], [ "current portion", "$ 26214", "$ 19259" ], [ "noncurrent portion", "$ 928163", "$ 927589" ] ]

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

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

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

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

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[ "stock-based compensation 2013 we have several stock-based compensation plans under which employees and non-employee directors receive stock options , nonvested retention shares , and nonvested stock units .", "we refer to the nonvested shares and stock units collectively as 201cretention awards 201d .", "we issue treasury shares to cover option exercises and stock unit vestings , while new shares are issued when retention shares vest .", "we adopted fasb statement no .", "123 ( r ) , share-based payment ( fas 123 ( r ) ) , on january 1 , 2006 .", "fas 123 ( r ) requires us to measure and recognize compensation expense for all stock-based awards made to employees and directors , including stock options .", "compensation expense is based on the calculated fair value of the awards as measured at the grant date and is expensed ratably over the service period of the awards ( generally the vesting period ) .", "the fair value of retention awards is the stock price on the date of grant , while the fair value of stock options is determined by using the black-scholes option pricing model .", "we elected to use the modified prospective transition method as permitted by fas 123 ( r ) and did not restate financial results for prior periods .", "we did not make an adjustment for the cumulative effect of these estimated forfeitures , as the impact was not material .", "as a result of the adoption of fas 123 ( r ) , we recognized expense for stock options in 2006 , in addition to retention awards , which were expensed prior to 2006 .", "stock-based compensation expense for the year ended december 31 , 2006 was $ 22 million , after tax , or $ 0.08 per basic and diluted share .", "this includes $ 9 million for stock options and $ 13 million for retention awards for 2006 .", "before taxes , stock-based compensation expense included $ 14 million for stock options and $ 21 million for retention awards for 2006 .", "we recorded $ 29 million of excess tax benefits as an inflow of financing activities in the consolidated statement of cash flows for the year ended december 31 , 2006 .", "prior to the adoption of fas 123 ( r ) , we applied the recognition and measurement principles of accounting principles board opinion no .", "25 , accounting for stock issued to employees , and related interpretations .", "no stock- based employee compensation expense related to stock option grants was reflected in net income , as all options granted under those plans had a grant price equal to the market value of our common stock on the date of grant .", "stock-based compensation expense related to retention shares , stock units , and other incentive plans was reflected in net income .", "the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the years ended december 31 , 2005 and 2004 based on the fair value method under fasb statement no .", "123 , accounting for stock-based compensation .", "pro forma stock-based compensation expense year ended december 31 , millions of dollars , except per share amounts 2005 2004 ." ]

[ "[a] stock options for executives granted in 2003 and 2002 included a reload feature .", "this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .", "the reload feature of these option grants could only be exercised if the ." ]

[ [ "<i>Pro Forma Stock-Based Compensation Expense</i>", "Year Ended December 31," ], [ "<i>Millions of Dollars, Except Per Share Amounts</i>", "2005", "2004" ], [ "Net income, as reported", "$1,026", "$604" ], [ "Stock-based employee compensation expense, reported in net income, net of tax", "13", "13" ], [ "Total stock-based employee compensation expense determined under fair value–based method for allawards, net of tax [a]", "(50)", "(35)" ], [ "Pro forma net income", "$989", "$582" ], [ "Earnings per share – basic, as reported", "$3.89", "$2.33" ], [ "Earnings per share – basic, pro forma", "$3.75", "$2.25" ], [ "Earnings per share – diluted, as reported", "$3.85", "$2.30" ], [ "Earnings per share – diluted, pro forma", "$3.71", "$2.22" ] ]

[ [ "pro forma stock-based compensation expense", "pro forma stock-based compensation expense", "" ], [ "millions of dollars except per share amounts", "2005", "2004" ], [ "net income as reported", "$ 1026", "$ 604" ], [ "stock-based employee compensation expense reported in net income net of tax", "13", "13" ], [ "total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a]", "-50 ( 50 )", "-35 ( 35 )" ], [ "pro forma net income", "$ 989", "$ 582" ], [ "earnings per share 2013 basic as reported", "$ 3.89", "$ 2.33" ], [ "earnings per share 2013 basic pro forma", "$ 3.75", "$ 2.25" ], [ "earnings per share 2013 diluted as reported", "$ 3.85", "$ 2.30" ], [ "earnings per share 2013 diluted pro forma", "$ 3.71", "$ 2.22" ] ]

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[ "table of contents company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s .", "technology supersector index .", "the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s .", "technology supersector index as of the market close on september 30 , 2008 .", "data points on the graph are annual .", "note that historic stock price performance is not necessarily indicative of future stock price performance .", "fiscal year ending september 30 .", "copyright 2013 s&p , a division of the mcgraw-hill companies inc .", "all rights reserved .", "copyright 2013 dow jones & co .", "all rights reserved .", "*$ 100 invested on 9/30/08 in stock or index , including reinvestment of dividends .", "september 30 , september 30 , september 30 , september 30 , september 30 , september 30 ." ]

[ "." ]

[ [ "", "September 30, 2008", "September 30, 2009", "September 30, 2010", "September 30, 2011", "September 30, 2012", "September 30, 2013" ], [ "Apple Inc.", "$100", "$163", "$250", "$335", "$589", "$431" ], [ "S&P 500 Index", "$100", "$ 93", "$103", "$104", "$135", "$161" ], [ "S&P Computer Hardware Index", "$100", "$118", "$140", "$159", "$255", "$197" ], [ "Dow Jones US Technology Supersector Index", "$100", "$111", "$124", "$128", "$166", "$175" ] ]

[ [ "", "september 30 2008", "september 30 2009", "september 30 2010", "september 30 2011", "september 30 2012", "september 30 2013" ], [ "apple inc .", "$ 100", "$ 163", "$ 250", "$ 335", "$ 589", "$ 431" ], [ "s&p 500 index", "$ 100", "$ 93", "$ 103", "$ 104", "$ 135", "$ 161" ], [ "s&p computer hardware index", "$ 100", "$ 118", "$ 140", "$ 159", "$ 255", "$ 197" ], [ "dow jones us technology supersector index", "$ 100", "$ 111", "$ 124", "$ 128", "$ 166", "$ 175" ] ]

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

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

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

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

[ { "arg1": "998.7", "arg2": "1095.9", "op": "minus1-1", "res": "-97.2" }, { "arg1": "#0", "arg2": "1095.9", "op": "divide1-2", "res": "-8.9%" } ]

[ "during 2014 , the company closed on thirteen acquisitions of various regulated water and wastewater systems for a total aggregate purchase price of $ 9 .", "assets acquired , principally plant , totaled $ 17 .", "liabilities assumed totaled $ 8 , including $ 5 of contributions in aid of construction and assumed debt of $ 2 .", "during 2013 , the company closed on fifteen acquisitions of various regulated water and wastewater systems for a total aggregate net purchase price of $ 24 .", "assets acquired , primarily utility plant , totaled $ 67 .", "liabilities assumed totaled $ 43 , including $ 26 of contributions in aid of construction and assumed debt of $ 13 .", "included in these totals was the company 2019s november 14 , 2013 acquisition of all of the capital stock of dale service corporation ( 201cdale 201d ) , a regulated wastewater utility company , for a total cash purchase price of $ 5 ( net of cash acquired of $ 7 ) , plus assumed liabilities .", "the dale acquisition was accounted for as a business combination ; accordingly , operating results from november 14 , 2013 were included in the company 2019s results of operations .", "the purchase price was allocated to the net tangible and intangible assets based upon their estimated fair values at the date of acquisition .", "the company 2019s regulatory practice was followed whereby property , plant and equipment ( rate base ) was considered fair value for business combination purposes .", "similarly , regulatory assets and liabilities acquired were recorded at book value and are subject to regulatory approval where applicable .", "the acquired debt was valued in a manner consistent with the company 2019s level 3 debt .", "see note 17 2014fair value of financial instruments .", "non-cash assets acquired in the dale acquisition , primarily utility plant , totaled $ 41 ; liabilities assumed totaled $ 36 , including debt assumed of $ 13 and contributions of $ 19 .", "divestitures in november 2014 , the company completed the sale of terratec , previously included in the market-based businesses .", "after post-close adjustments , net proceeds from the sale totaled $ 1 , and the company recorded a pretax loss on sale of $ 1 .", "the following table summarizes the operating results of discontinued operations presented in the accompanying consolidated statements of operations for the years ended december 31: ." ]

[ "the provision for income taxes of discontinued operations includes the recognition of tax expense related to the difference between the tax basis and book basis of assets upon the sales of terratec that resulted in taxable gains , since an election was made under section 338 ( h ) ( 10 ) of the internal revenue code to treat the sales as asset sales .", "there were no assets or liabilities of discontinued operations in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014. ." ]

[ [ "", "2014", "2013" ], [ "Operating revenues", "$13", "$23" ], [ "Total operating expenses, net", "19", "26" ], [ "Loss from discontinued operations before income taxes", "(6)", "(3)" ], [ "Provision (benefit) for income taxes", "1", "(1)" ], [ "Loss from discontinued operations, net of tax", "$(7)", "$(2)" ] ]

[ [ "", "2014", "2013" ], [ "operating revenues", "$ 13", "$ 23" ], [ "total operating expenses net", "19", "26" ], [ "loss from discontinued operations before income taxes", "-6 ( 6 )", "-3 ( 3 )" ], [ "provision ( benefit ) for income taxes", "1", "-1 ( 1 )" ], [ "loss from discontinued operations net of tax", "$ -7 ( 7 )", "$ -2 ( 2 )" ] ]

[ { "arg1": "13", "arg2": "23", "op": "minus2-1", "res": "-10" }, { "arg1": "#0", "arg2": "23", "op": "divide2-2", "res": "-43.5%" } ]

[ "the pnc financial services group , inc .", "2013 form 10-k 29 part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2019 , there were 53986 common shareholders of record .", "holders of pnc common stock are entitled to receive dividends when declared by our board of directors out of funds legally available for this purpose .", "our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment .", "the board of directors presently intends to continue the policy of paying quarterly cash dividends .", "the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) .", "the amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve and our primary bank regulators as part of the comprehensive capital analysis and review ( ccar ) process as described in the supervision and regulation section in item 1 of this report .", "the federal reserve has the power to prohibit us from paying dividends without its approval .", "for further information concerning dividend restrictions and other factors that could limit our ability to pay dividends , as well as restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see the supervision and regulation section in item 1 , item 1a risk factors , the liquidity and capital management portion of the risk management section in item 7 , and note 10 borrowed funds , note 15 equity and note 18 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference .", "we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2018 in the table ( with introductory paragraph and notes ) in item 12 of this report .", "our stock transfer agent and registrar is : computershare trust company , n.a .", "250 royall street canton , ma 02021 800-982-7652 www.computershare.com/pnc registered shareholders may contact computershare regarding dividends and other shareholder services .", "we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 .", "( a ) ( 2 ) none .", "( b ) not applicable .", "( c ) details of our repurchases of pnc common stock during the fourth quarter of 2018 are included in the following table : in thousands , except per share data 2018 period total shares purchased ( a ) average price paid per share total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) ." ]

[ "( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements .", "note 11 employee benefit plans and note 12 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock .", "( b ) on march 11 , 2015 , we announced that our board of directors approved a stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 .", "repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process .", "in june 2018 , we announced share repurchase programs of up to $ 2.0 billion for the four quarter period beginning with the third quarter of 2018 , including repurchases of up to $ 300 million related to stock issuances under employee benefit plans , in accordance with pnc's 2018 capital plan .", "in november 2018 , we announced an increase to these previously announced programs in the amount of up to $ 900 million in additional common share repurchases .", "the aggregate repurchase price of shares repurchased during the fourth quarter of 2018 was $ .8 billion .", "see the liquidity and capital management portion of the risk management section in item 7 of this report for more information on the authorized share repurchase programs for the period july 1 , 2018 through june 30 , 2019 .", "http://www.computershare.com/pnc ." ]

[ [ "2018 period", "Total shares purchased (a)", "Average price paid per share", "Total shares purchased as part of publicly announced programs (b)", "Maximum number of shares that may yet be purchased under the programs (b)" ], [ "October 1 – 31", "1,204", "$128.43", "1,189", "25,663" ], [ "November 1 – 30", "1,491", "$133.79", "1,491", "24,172" ], [ "December 1 – 31", "3,458", "$119.43", "3,458", "20,714" ], [ "Total", "6,153", "$124.67", "", "" ] ]

[ [ "2018 period", "total shares purchased ( a )", "average price paid per share", "total shares purchased as part of publicly announced programs ( b )", "maximum number of shares that may yet be purchased under the programs ( b )" ], [ "october 1 2013 31", "1204", "$ 128.43", "1189", "25663" ], [ "november 1 2013 30", "1491", "$ 133.79", "1491", "24172" ], [ "december 1 2013 31", "3458", "$ 119.43", "3458", "20714" ], [ "total", "6153", "$ 124.67", "", "" ] ]

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

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

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

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

[]

[ "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" ] ]

[ { "arg1": "134.5", "arg2": "114.1", "op": "add1-1", "res": "248.6" }, { "arg1": "130.1", "arg2": "#0", "op": "add1-2", "res": "378.7" } ]

[ "wood products sales in the united states in 2005 of $ 1.6 billion were up 3% ( 3 % ) from $ 1.5 billion in 2004 and 18% ( 18 % ) from $ 1.3 billion in 2003 .", "average price realiza- tions for lumber were up 6% ( 6 % ) and 21% ( 21 % ) in 2005 compared with 2004 and 2003 , respectively .", "lumber sales volumes in 2005 were up 5% ( 5 % ) versus 2004 and 10% ( 10 % ) versus 2003 .", "average sales prices for plywood were down 4% ( 4 % ) from 2004 , but were 15% ( 15 % ) higher than in 2003 .", "plywood sales volumes in 2005 were slightly higher than 2004 and 2003 .", "operating profits in 2005 were 18% ( 18 % ) lower than 2004 , but nearly three times higher than 2003 .", "lower average plywood prices and higher raw material costs more than offset the effects of higher average lumber prices , volume increases and a positive sales mix .", "in 2005 , log costs were up 9% ( 9 % ) versus 2004 , negatively im- pacting both plywood and lumber profits .", "lumber and plywood operating costs also reflected substantially higher glue and natural gas costs versus both 2004 and looking forward to the first quarter of 2006 , a con- tinued strong housing market , combined with low prod- uct inventory in the distribution chain , should translate into continued strong lumber and plywood demand .", "however , a possible softening of housing starts and higher interest rates later in the year could put down- ward pressure on pricing in the second half of 2006 .", "specialty businesses and other the specialty businesses and other segment in- cludes the operating results of arizona chemical , euro- pean distribution and , prior to its closure in 2003 , our natchez , mississippi chemical cellulose pulp mill .", "also included are certain divested businesses whose results are included in this segment for periods prior to their sale or closure .", "this segment 2019s 2005 net sales declined 18% ( 18 % ) and 26% ( 26 % ) from 2004 and 2003 , respectively .", "operating profits in 2005 were down substantially from both 2004 and 2003 .", "the decline in sales principally reflects declining contributions from businesses sold or closed .", "operating profits were also affected by higher energy and raw material costs in our chemical business .", "specialty businesses and other in millions 2005 2004 2003 ." ]

[ "chemicals sales were $ 692 million in 2005 , com- pared with $ 672 million in 2004 and $ 625 million in 2003 .", "although demand was strong for most arizona chemical product lines , operating profits in 2005 were 84% ( 84 % ) and 83% ( 83 % ) lower than in 2004 and 2003 , re- spectively , due to higher energy costs in the u.s. , and higher prices and reduced availability for crude tall oil ( cto ) .", "in the united states , energy costs increased 41% ( 41 % ) compared to 2004 due to higher natural gas prices and supply interruption costs .", "cto prices increased 26% ( 26 % ) compared to 2004 , as certain energy users turned to cto as a substitute fuel for high-cost alternative energy sources such as natural gas and fuel oil .", "european cto receipts decreased 30% ( 30 % ) compared to 2004 due to lower yields following the finnish paper industry strike and a swedish storm that limited cto throughput and corre- sponding sales volumes .", "other businesses in this operating segment include operations that have been sold , closed , or are held for sale , principally the european distribution business , the oil and gas and mineral royalty business , decorative products , retail packaging , and the natchez chemical cellulose pulp mill .", "sales for these businesses were ap- proximately $ 223 million in 2005 ( mainly european distribution and decorative products ) compared with $ 448 million in 2004 ( mainly european distribution and decorative products ) , and $ 610 million in 2003 .", "liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products .", "while changes in key cash operating costs , such as energy and raw material costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operating cycle .", "as a result , we believe that we are well positioned for improvements in operating cash flow should prices and worldwide economic conditions im- prove in the future .", "as part of our continuing focus on improving our return on investment , we have focused our capital spending on improving our key platform businesses in north america and in geographic areas with strong growth opportunities .", "spending levels have been kept below the level of depreciation and amortization charges for each of the last three years , and we anticipate con- tinuing this approach in 2006 .", "with the low interest rate environment in 2005 , financing activities have focused largely on the repay- ment or refinancing of higher coupon debt , resulting in a net reduction in debt of approximately $ 1.7 billion in 2005 .", "we plan to continue this program , with addi- tional reductions anticipated as our previously an- nounced transformation plan progresses in 2006 .", "our liquidity position continues to be strong , with approx- imately $ 3.2 billion of committed liquidity to cover fu- ture short-term cash flow requirements not met by operating cash flows. ." ]

[ [ "<i>In millions</i>", "2005", "2004", "2003" ], [ "Sales", "$915", "$1,120", "$1,235" ], [ "Operating Profit", "$4", "$38", "$23" ] ]

[ [ "in millions", "2005", "2004", "2003" ], [ "sales", "$ 915", "$ 1120", "$ 1235" ], [ "operating profit", "$ 4", "$ 38", "$ 23" ] ]

[]

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

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

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

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

[]

[ "polyplastics co. , ltd .", "polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) and ticona llc ( 45% ( 45 % ) ownership and a wholly-owned subsidiary of cna holdings llc ) .", "polyplastics is a producer and marketer of pom and lcp , with principal production facilities located in japan , taiwan , malaysia and china .", "fortron industries llc .", "fortron is a leading global producer of polyphenylene sulfide ( \"pps\" ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .", "fortron is a limited liability company whose members are ticona fortron inc .", "( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings llc ) and kureha corporation ( 50% ( 50 % ) ) .", "fortron's facility is located in wilmington , north carolina .", "this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .", "china acetate strategic ventures .", "we hold ownership interest in three separate acetate production ventures in china as follows : nantong cellulose fibers co .", "ltd .", "( 31% ( 31 % ) ) , kunming cellulose fibers co .", "ltd .", "( 30% ( 30 % ) ) and zhuhai cellulose fibers co .", "ltd .", "( 30% ( 30 % ) ) .", "the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .", "our chinese acetate ventures fund their operations using operating cash flow and pay a dividend in the second quarter of each fiscal year based on the ventures' performance for the preceding year .", "in 2012 , 2011 and 2010 , we received cash dividends of $ 83 million , $ 78 million and $ 71 million , respectively .", "during 2012 , our venture's nantong facility completed an expansion of its acetate flake and acetate tow capacity , each by 30000 tons .", "we made contributions of $ 29 million over three years related to the capacity expansion in nantong .", "similar expansions since the ventures were formed have led to earnings growth and increased dividends for the company .", "according to the euromonitor database services , china is estimated to have a 42% ( 42 % ) share of the world's 2011 cigarette consumption and is the fastest growing area for cigarette consumption at an estimated growth rate of 3.5% ( 3.5 % ) per year from 2011 through 2016 .", "combined , these ventures are a leader in chinese domestic acetate production and we believe we are well positioned to supply chinese cigarette producers .", "although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( \"us gaap\" ) .", "2022 other equity method investments infraservs .", "we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants .", "our ownership interest in the equity investments in infraserv ventures are as follows : as of december 31 , 2012 ( in percentages ) ." ]

[ "raw materials and energy we purchase a variety of raw materials and energy from sources in many countries for use in our production processes .", "we have a policy of maintaining , when available , multiple sources of supply for materials .", "however , some of our individual plants may have single sources of supply for some of their raw materials , such as carbon monoxide , steam and acetaldehyde .", "although we have been able to obtain sufficient supplies of raw materials , there can be no assurance that unforeseen developments will not affect our raw material supply .", "even if we have multiple sources of supply for a raw material , there can be no assurance that these sources can make up for the loss of a major supplier .", "it is also possible profitability will be adversely affected if we are required to qualify additional sources of supply to our specifications in the event of the loss of a sole supplier .", "in addition , the price of raw materials varies , often substantially , from year to year. ." ]

[ [ "", "As of December 31, 2012 (In percentages)" ], [ "InfraServ GmbH & Co. Gendorf KG", "39" ], [ "InfraServ GmbH & Co. Knapsack KG", "27" ], [ "InfraServ GmbH & Co. Hoechst KG", "32" ] ]

[ [ "", "as of december 31 2012 ( in percentages )" ], [ "infraserv gmbh & co . gendorf kg", "39" ], [ "infraserv gmbh & co . knapsack kg", "27" ], [ "infraserv gmbh & co . hoechst kg", "32" ] ]

[ { "arg1": "78", "arg2": "71", "op": "minus2-1", "res": "7" }, { "arg1": "#0", "arg2": "71", "op": "divide2-2", "res": "9.9%" } ]

[ "item 2 .", "properties we employ a variety of assets in the management and operation of our rail business .", "our rail network covers 23 states in the western two-thirds of the u.s .", "our rail network includes 31838 route miles .", "we own 26009 miles and operate on the remainder pursuant to trackage rights or leases .", "the following table describes track miles at december 31 , 2013 and 2012 .", "2013 2012 ." ]

[ "headquarters building we maintain our headquarters in omaha , nebraska .", "the facility has 1.2 million square feet of space for approximately 4000 employees and is subject to a financing arrangement .", "harriman dispatching center the harriman dispatching center ( hdc ) , located in omaha , nebraska , is our primary dispatching facility .", "it is linked to regional dispatching and locomotive management facilities at various locations along our ." ]

[ [ "", "<i>2013</i>", "<i>2012</i>" ], [ "Route", "31,838", "31,868" ], [ "Other main line", "6,766", "6,715" ], [ "Passing lines and turnouts", "3,167", "3,124" ], [ "Switching and classification yard lines", "9,090", "9,046" ], [ "Total miles", "50,861", "50,753" ] ]

[ [ "", "2013", "2012" ], [ "route", "31838", "31868" ], [ "other main line", "6766", "6715" ], [ "passing lines and turnouts", "3167", "3124" ], [ "switching and classification yard lines", "9090", "9046" ], [ "total miles", "50861", "50753" ] ]

[]

[ "stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .", "the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2010 and that all dividends were reinvested .", "market performance ." ]

[ "s&p 500 healthcare equipment & supply index 100 99 116 148 187 199 ." ]

[ [ "Company / Index", "2010", "2011", "2012", "2013", "2014", "2015" ], [ "Teleflex Incorporated", "100", "117", "138", "185", "229", "266" ], [ "S&P 500 Index", "100", "102", "118", "157", "178", "181" ], [ "S&P 500 Healthcare Equipment & Supply Index", "100", "99", "116", "148", "187", "199" ] ]

[ [ "company / index", "2010", "2011", "2012", "2013", "2014", "2015" ], [ "teleflex incorporated", "100", "117", "138", "185", "229", "266" ], [ "s&p 500 index", "100", "102", "118", "157", "178", "181" ], [ "s&p 500 healthcare equipment & supply index", "100", "99", "116", "148", "187", "199" ] ]

[ { "arg1": "199", "arg2": "100", "op": "minus1-1", "res": "99%" }, { "arg1": "181", "arg2": "100", "op": "minus1-2", "res": "81%" }, { "arg1": "#0", "arg2": "#1", "op": "minus1-3", "res": "18%" } ]

[ "item 7a .", "quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .", "from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .", "derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .", "interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .", "the majority of our debt ( approximately 91% ( 91 % ) and 86% ( 86 % ) as of december 31 , 2014 and 2013 , respectively ) bears interest at fixed rates .", "we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .", "the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .", "increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates ." ]

[ "we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .", "we do not have any interest rate swaps outstanding as of december 31 , 2014 .", "we had $ 1667.2 of cash , cash equivalents and marketable securities as of december 31 , 2014 that we generally invest in conservative , short-term bank deposits or securities .", "the interest income generated from these investments is subject to both domestic and foreign interest rate movements .", "during 2014 and 2013 , we had interest income of $ 27.4 and $ 24.7 , respectively .", "based on our 2014 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 16.7 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2014 levels .", "foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .", "since we report revenues and expenses in u.s .", "dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .", "dollars ) from foreign operations .", "the primary foreign currencies that impacted our results during 2014 included the argentine peso , australian dollar , brazilian real and british pound sterling .", "based on 2014 exchange rates and operating results , if the u.s .", "dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2014 levels .", "the functional currency of our foreign operations is generally their respective local currency .", "assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .", "the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .", "our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .", "however , certain subsidiaries may enter into transactions in currencies other than their functional currency .", "assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .", "currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .", "we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. ." ]

[ [ "", "Increase/(Decrease)in Fair Market Value" ], [ "As of December 31,", "10% Increasein Interest Rates", "10% Decreasein Interest Rates" ], [ "2014", "$(35.5)", "$36.6" ], [ "2013", "(26.9)", "27.9" ] ]

[ [ "as of december 31,", "increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates", "increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates" ], [ "2014", "$ -35.5 ( 35.5 )", "$ 36.6" ], [ "2013", "-26.9 ( 26.9 )", "27.9" ] ]

[]

[ "management 2019s discussion and analysis of financial condition and results of operations state street corporation | 89 $ 65.35 billion and $ 87.20 billion as of december 31 , 2017 and december 31 , 2016 , respectively .", "table 29 : components of average hqla by type of ( in millions ) december 31 , december 31 ." ]

[ "with respect to highly liquid short-term investments presented in the preceding table , due to the continued elevated level of client deposits as of december 31 , 2017 , we maintained cash balances in excess of regulatory requirements governing deposits with the federal reserve of approximately $ 33.58 billion at the federal reserve , the ecb and other non-u.s .", "central banks , compared to $ 48.40 billion as of december 31 , 2016 .", "the lower levels of deposits with central banks as of december 31 , 2017 compared to december 31 , 2016 was due to normal deposit volatility .", "liquid securities carried in our asset liquidity include securities pledged without corresponding advances from the frbb , the fhlb , and other non- u.s .", "central banks .", "state street bank is a member of the fhlb .", "this membership allows for advances of liquidity in varying terms against high-quality collateral , which helps facilitate asset-and-liability management .", "access to primary , intra-day and contingent liquidity provided by these utilities is an important source of contingent liquidity with utilization subject to underlying conditions .", "as of december 31 , 2017 and december 31 , 2016 , we had no outstanding primary credit borrowings from the frbb discount window or any other central bank facility , and as of the same dates , no fhlb advances were outstanding .", "in addition to the securities included in our asset liquidity , we have significant amounts of other unencumbered investment securities .", "the aggregate fair value of those securities was $ 66.10 billion as of december 31 , 2017 , compared to $ 54.40 billion as of december 31 , 2016 .", "these securities are available sources of liquidity , although not as rapidly deployed as those included in our asset liquidity .", "measures of liquidity include lcr , nsfr and tlac which are described in \"supervision and regulation\" included under item 1 , business , of this form 10-k .", "uses of liquidity significant uses of our liquidity could result from the following : withdrawals of client deposits ; draw- downs of unfunded commitments to extend credit or to purchase securities , generally provided through lines of credit ; and short-duration advance facilities .", "such circumstances would generally arise under stress conditions including deterioration in credit ratings .", "a recurring significant use of our liquidity involves our deployment of hqla from our investment portfolio to post collateral to financial institutions and participants in our agency lending program serving as sources of securities under our enhanced custody program .", "we had unfunded commitments to extend credit with gross contractual amounts totaling $ 26.49 billion and $ 26.99 billion as of december 31 , 2017 and december 31 , 2016 , respectively .", "these amounts do not reflect the value of any collateral .", "as of december 31 , 2017 , approximately 72% ( 72 % ) of our unfunded commitments to extend credit expire within one year .", "since many of our commitments are expected to expire or renew without being drawn upon , the gross contractual amounts do not necessarily represent our future cash requirements .", "information about our resolution planning and the impact actions under our resolution plans could have on our liquidity is provided in \"supervision and regulation\" included under item 1 .", "business , of this form 10-k .", "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 .", "as of december 31 , 2017 and december 31 , 2016 , approximately 60% ( 60 % ) of our average client deposit balances were denominated in u.s .", "dollars , approximately 20% ( 20 % ) in eur , 10% ( 10 % ) in gbp and 10% ( 10 % ) in all other currencies .", "for the past several years , we have frequently experienced higher client deposit inflows toward the end of each fiscal quarter or the end of the fiscal year .", "as a result , we believe average client deposit balances are more reflective of ongoing funding than period-end balances. ." ]

[ [ "(In millions)", "December 31, 2017", "December 31, 2016" ], [ "Excess Central Bank Balances", "$33,584", "$48,407" ], [ "U.S. Treasuries", "10,278", "17,770" ], [ "Other Investment securities", "13,422", "15,442" ], [ "Foreign government", "8,064", "5,585" ], [ "Total", "$65,348", "$87,204" ] ]

[ [ "( in millions )", "december 31 2017", "december 31 2016" ], [ "excess central bank balances", "$ 33584", "$ 48407" ], [ "u.s . treasuries", "10278", "17770" ], [ "other investment securities", "13422", "15442" ], [ "foreign government", "8064", "5585" ], [ "total", "$ 65348", "$ 87204" ] ]

[ { "arg1": "33584", "arg2": "48407", "op": "divide1-1", "res": ".6938" }, { "arg1": "const_1", "arg2": "#0", "op": "minus1-2", "res": ".3062" } ]

[ "cgmhi also has substantial borrowing arrangements consisting of facilities that cgmhi has been advised are available , but where no contractual lending obligation exists .", "these arrangements are reviewed on an ongoing basis to ensure flexibility in meeting cgmhi 2019s short-term requirements .", "the company issues both fixed and variable rate debt in a range of currencies .", "it uses derivative contracts , primarily interest rate swaps , to effectively convert a portion of its fixed rate debt to variable rate debt and variable rate debt to fixed rate debt .", "the maturity structure of the derivatives generally corresponds to the maturity structure of the debt being hedged .", "in addition , the company uses other derivative contracts to manage the foreign exchange impact of certain debt issuances .", "at december 31 , 2009 , the company 2019s overall weighted average interest rate for long-term debt was 3.51% ( 3.51 % ) on a contractual basis and 3.91% ( 3.91 % ) including the effects of derivative contracts .", "aggregate annual maturities of long-term debt obligations ( based on final maturity dates ) including trust preferred securities are as follows: ." ]

[ "long-term debt at december 31 , 2009 and december 31 , 2008 includes $ 19345 million and $ 24060 million , respectively , of junior subordinated debt .", "the company formed statutory business trusts under the laws of the state of delaware .", "the trusts exist for the exclusive purposes of ( i ) issuing trust securities representing undivided beneficial interests in the assets of the trust ; ( ii ) investing the gross proceeds of the trust securities in junior subordinated deferrable interest debentures ( subordinated debentures ) of its parent ; and ( iii ) engaging in only those activities necessary or incidental thereto .", "upon approval from the federal reserve , citigroup has the right to redeem these securities .", "citigroup has contractually agreed not to redeem or purchase ( i ) the 6.50% ( 6.50 % ) enhanced trust preferred securities of citigroup capital xv before september 15 , 2056 , ( ii ) the 6.45% ( 6.45 % ) enhanced trust preferred securities of citigroup capital xvi before december 31 , 2046 , ( iii ) the 6.35% ( 6.35 % ) enhanced trust preferred securities of citigroup capital xvii before march 15 , 2057 , ( iv ) the 6.829% ( 6.829 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xviii before june 28 , 2047 , ( v ) the 7.250% ( 7.250 % ) enhanced trust preferred securities of citigroup capital xix before august 15 , 2047 , ( vi ) the 7.875% ( 7.875 % ) enhanced trust preferred securities of citigroup capital xx before december 15 , 2067 , and ( vii ) the 8.300% ( 8.300 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xxi before december 21 , 2067 , unless certain conditions , described in exhibit 4.03 to citigroup 2019s current report on form 8-k filed on september 18 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on november 28 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on march 8 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on july 2 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on august 17 , 2007 , in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on november 27 , 2007 , and in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on december 21 , 2007 , respectively , are met .", "these agreements are for the benefit of the holders of citigroup 2019s 6.00% ( 6.00 % ) junior subordinated deferrable interest debentures due 2034 .", "citigroup owns all of the voting securities of these subsidiary trusts .", "these subsidiary trusts have no assets , operations , revenues or cash flows other than those related to the issuance , administration , and repayment of the subsidiary trusts and the subsidiary trusts 2019 common securities .", "these subsidiary trusts 2019 obligations are fully and unconditionally guaranteed by citigroup. ." ]

[ [ "In millions of dollars", "2010", "2011", "2012", "2013", "2014", "Thereafter" ], [ "Citigroup parent company", "$18,030", "$20,435", "$29,706", "$17,775", "$18,916", "$92,942" ], [ "Other Citigroup subsidiaries", "18,710", "29,316", "17,214", "5,177", "12,202", "14,675" ], [ "Citigroup Global Markets Holdings Inc.", "1,315", "1,030", "1,686", "388", "522", "8,481" ], [ "Citigroup Funding Inc.", "9,107", "8,875", "20,738", "4,792", "3,255", "8,732" ], [ "Total", "$47,162", "$59,656", "$69,344", "$28,132", "$34,895", "$124,830" ] ]

[ [ "in millions of dollars", "2010", "2011", "2012", "2013", "2014", "thereafter" ], [ "citigroup parent company", "$ 18030", "$ 20435", "$ 29706", "$ 17775", "$ 18916", "$ 92942" ], [ "other citigroup subsidiaries", "18710", "29316", "17214", "5177", "12202", "14675" ], [ "citigroup global markets holdings inc .", "1315", "1030", "1686", "388", "522", "8481" ], [ "citigroup funding inc .", "9107", "8875", "20738", "4792", "3255", "8732" ], [ "total", "$ 47162", "$ 59656", "$ 69344", "$ 28132", "$ 34895", "$ 124830" ] ]

[ { "arg1": "20435", "arg2": "18030", "op": "minus1-1", "res": "2405" }, { "arg1": "#0", "arg2": "18030", "op": "divide1-2", "res": "13.3%" } ]

[ "the following is a list of distribution locations including the approximate square footage and if the location is leased or owned: ." ]

[ "longview , texas ( c ) 63000 owned ( a ) the frankfort , new york , distribution center began receiving merchandise in fourth quarter of fiscal 2018 , and is expected to begin shipping merchandise to stores in the first quarter of fiscal 2019 .", "( b ) the leased distribution center in hagerstown is treated as an extension of the existing owned hagerstown location and is not considered a separate distribution center .", "( c ) this is a mixing center designed to process certain high-volume bulk products .", "the company 2019s store support center occupies approximately 260000 square feet of owned building space in brentwood , tennessee , and the company 2019s merchandising innovation center occupies approximately 32000 square feet of leased building space in nashville , tennessee .", "the company also leases approximately 8000 square feet of building space for the petsense corporate headquarters , located in scottsdale , arizona .", "item 3 .", "legal proceedings the company is involved in various litigation matters arising in the ordinary course of business .", "the company believes that any estimated loss related to such matters has been adequately provided for in accrued liabilities to the extent probable and reasonably estimable .", "accordingly , the company currently expects these matters will be resolved without material adverse effect on its consolidated financial position , results of operations or cash flows .", "item 4 .", "mine safety disclosures not applicable. ." ]

[ [ "Distribution Facility Location", "Approximate Square Footage", "Owned/Leased Facility" ], [ "Frankfort, New York^(a)", "924,000", "Owned" ], [ "Franklin, Kentucky", "833,000", "Owned" ], [ "Pendleton, Indiana", "764,000", "Owned" ], [ "Macon, Georgia", "684,000", "Owned" ], [ "Waco, Texas", "666,000", "Owned" ], [ "Casa Grande, Arizona", "650,000", "Owned" ], [ "Hagerstown, Maryland^(b)", "482,000", "Owned" ], [ "Hagerstown, Maryland^(b)", "309,000", "Leased" ], [ "Waverly, Nebraska", "592,000", "Owned" ], [ "Seguin, Texas^(c)", "71,000", "Owned" ], [ "Lakewood, Washington", "64,000", "Leased" ], [ "Longview, Texas^(c)", "63,000", "Owned" ] ]

[ [ "distribution facility location", "approximate square footage", "owned/leased facility" ], [ "frankfort new york ( a )", "924000", "owned" ], [ "franklin kentucky", "833000", "owned" ], [ "pendleton indiana", "764000", "owned" ], [ "macon georgia", "684000", "owned" ], [ "waco texas", "666000", "owned" ], [ "casa grande arizona", "650000", "owned" ], [ "hagerstown maryland ( b )", "482000", "owned" ], [ "hagerstown maryland ( b )", "309000", "leased" ], [ "waverly nebraska", "592000", "owned" ], [ "seguin texas ( c )", "71000", "owned" ], [ "lakewood washington", "64000", "leased" ], [ "longview texas ( c )", "63000", "owned" ] ]

[ { "arg1": "71000", "arg2": "63000", "op": "add1-1", "res": "134000" }, { "arg1": "#0", "arg2": "666000", "op": "add1-2", "res": "800000" } ]

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

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

[ [ "Calendar year:", "Pre-tax catastrophe losses" ], [ "(Dollars in millions)", "" ], [ "2018", "$1,800.2" ], [ "2017", "1,472.6" ], [ "2016", "301.2" ], [ "2015", "53.8" ], [ "2014", "56.3" ] ]

[ [ "calendar year:", "pre-tax catastrophe losses" ], [ "( dollars in millions )", "" ], [ "2018", "$ 1800.2" ], [ "2017", "1472.6" ], [ "2016", "301.2" ], [ "2015", "53.8" ], [ "2014", "56.3" ] ]

[ { "arg1": "1800.2", "arg2": "1472.6", "op": "minus2-1", "res": "327.6" }, { "arg1": "#0", "arg2": "1472.6", "op": "divide2-2", "res": "22.2%" } ]

[ "earnings were remitted as dividends after payment of all deferred taxes .", "as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates .", "a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: ." ]

[ "at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized .", "interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 .", "our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively .", "we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 .", "in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination .", "this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate .", "as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements .", "on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary .", "as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 .", "as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years .", "during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business .", "when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate .", "for additional information , see note 3 , discontinued operations .", "in the third quarter of 2011 , a u.s .", "internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 .", "this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s .", "healthcare business .", "we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months .", "as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months .", "however , quantification of an estimated range cannot be made at this time. ." ]

[ [ "Unrecognized Tax Benefits", "2013", "2012", "2011" ], [ "Balance at beginning of year", "$110.8", "$126.4", "$197.8" ], [ "Additions for tax positions of the current year", "12.7", "44.5", "16.3" ], [ "Additions for tax positions of prior years", "9.0", "2.3", "5.7" ], [ "Reductions for tax positions of prior years", "(.5)", "(46.9)", "(72.4)" ], [ "Settlements", "(1.4)", "(11.0)", "(15.6)" ], [ "Statute of limitations expiration", "(8.0)", "(3.7)", "(4.8)" ], [ "Foreign currency translation", "1.7", "(.8)", "(.6)" ], [ "Balance at End of Year", "$124.3", "$110.8", "$126.4" ] ]

[ [ "unrecognized tax benefits", "2013", "2012", "2011" ], [ "balance at beginning of year", "$ 110.8", "$ 126.4", "$ 197.8" ], [ "additions for tax positions of the current year", "12.7", "44.5", "16.3" ], [ "additions for tax positions of prior years", "9.0", "2.3", "5.7" ], [ "reductions for tax positions of prior years", "-.5 ( .5 )", "-46.9 ( 46.9 )", "-72.4 ( 72.4 )" ], [ "settlements", "-1.4 ( 1.4 )", "-11.0 ( 11.0 )", "-15.6 ( 15.6 )" ], [ "statute of limitations expiration", "-8.0 ( 8.0 )", "-3.7 ( 3.7 )", "-4.8 ( 4.8 )" ], [ "foreign currency translation", "1.7", "-.8 ( .8 )", "-.6 ( .6 )" ], [ "balance at end of year", "$ 124.3", "$ 110.8", "$ 126.4" ] ]

[ { "arg1": "124.3", "arg2": "110.8", "op": "divide2-1", "res": "1.1218" }, { "arg1": "#0", "arg2": "const_1", "op": "minus2-2", "res": "12.18%" } ]

[ "purchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 .", "period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) ." ]

[ "total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 .", "as a result , our fiscal months often differ from the calendar months .", "for example , september 29 , 2014 was the first day of our october 2014 fiscal month .", "( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices .", "on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program .", "under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation .", "we also may make purchases under the program pursuant to rule 10b5-1 plans .", "the program does not have an expiration date .", "( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units .", "these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. ." ]

[ [ "Period^(a)", "Total Number of Shares Purchased", "Average Price Paid Per Share", "Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs^(b)", "Amount Available for Future Share Repurchases Under the Plans or Programs^(b) (in millions)" ], [ "September 29, 2014 – October 26, 2014", "399,259", "$176.96", "397,911", "$3,825" ], [ "October 27, 2014 – November 30, 2014", "504,300", "$187.74", "456,904", "$3,739" ], [ "December 1, 2014 – December 31, 2014", "365,683", "$190.81", "357,413", "$3,671" ], [ "Total", "1,269,242^(c)", "$185.23", "1,212,228", "$3,671" ] ]

[ [ "period ( a )", "total number of shares purchased", "average price paid per share", "total number of shares purchased as part of publicly announced plans or programs ( b )", "amount available for future share repurchases under the plans or programs ( b ) ( in millions )" ], [ "september 29 2014 2013 october 26 2014", "399259", "$ 176.96", "397911", "$ 3825" ], [ "october 27 2014 2013 november 30 2014", "504300", "$ 187.74", "456904", "$ 3739" ], [ "december 1 2014 2013 december 31 2014", "365683", "$ 190.81", "357413", "$ 3671" ], [ "total", "1269242 ( c )", "$ 185.23", "1212228", "$ 3671" ] ]

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

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

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

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

[ { "arg1": "244", "arg2": "249", "op": "add2-1", "res": "493" }, { "arg1": "#0", "arg2": "309", "op": "add2-2", "res": "802" } ]

[ "the pension plan investments are held in a master trust , with the northern trust company .", "investments in the master trust are valued at fair value , which has been determined based on fair value of the underlying investments of the master trust .", "investments in securities traded on public security exchanges are valued at their closing market prices on the valuation date ; where no sale was made on the valuation date , the security is generally valued at its most recent bid price .", "certain short-term investments are carried at cost , which approximates fair value .", "investments in registered investment companies and common trust funds , which primarily invest in stocks , bonds , and commodity futures , are valued using publicly available market prices for the underlying investments held by these entities .", "the majority of pension plan assets are invested in equity securities , because equity portfolios have historically provided higher returns than debt and other asset classes over extended time horizons , and are expected to do so in the future .", "correspondingly , equity investments also entail greater risks than other investments .", "equity risks are balanced by investing a significant portion of the plan 2019s assets in high quality debt securities .", "the average quality rating of the debt portfolio exceeded aa as of december 31 , 2008 and 2007 .", "the debt portfolio is also broadly diversified and invested primarily in u.s .", "treasury , mortgage , and corporate securities with an intermediate average maturity .", "the weighted-average maturity of the debt portfolio was 5 years at both december 31 , 2008 and 2007 , respectively .", "the investment of pension plan assets in securities issued by union pacific is specifically prohibited for both the equity and debt portfolios , other than through index fund holdings .", "other retirement programs thrift plan 2013 we provide a defined contribution plan ( thrift plan ) to eligible non-union employees and make matching contributions to the thrift plan .", "we match 50 cents for each dollar contributed by employees up to the first six percent of compensation contributed .", "our thrift plan contributions were $ 14 million in 2008 , $ 14 million in 2007 , and $ 13 million in 2006 .", "railroad retirement system 2013 all railroad employees are covered by the railroad retirement system ( the system ) .", "contributions made to the system are expensed as incurred and amounted to approximately $ 620 million in 2008 , $ 616 million in 2007 , and $ 615 million in 2006 .", "collective bargaining agreements 2013 under collective bargaining agreements , we provide certain postretirement healthcare and life insurance benefits for eligible union employees .", "premiums under the plans are expensed as incurred and amounted to $ 49 million in 2008 and $ 40 million in both 2007 and 5 .", "other income other income included the following for the years ended december 31 : millions of dollars 2008 2007 2006 ." ]

[ "." ]

[ [ "<i>Millions of Dollars</i>", "2008", "2007", "2006" ], [ "Rental income", "$87", "$68", "$83" ], [ "Net gain on non-operating asset dispositions", "41", "52", "72" ], [ "Interest income", "21", "50", "29" ], [ "Sale of receivables fees", "(23)", "(35)", "(33)" ], [ "Non-operating environmental costs and other", "(34)", "(19)", "(33)" ], [ "Total", "$92", "$116", "$118" ] ]

[ [ "millions of dollars", "2008", "2007", "2006" ], [ "rental income", "$ 87", "$ 68", "$ 83" ], [ "net gain on non-operating asset dispositions", "41", "52", "72" ], [ "interest income", "21", "50", "29" ], [ "sale of receivables fees", "-23 ( 23 )", "-35 ( 35 )", "-33 ( 33 )" ], [ "non-operating environmental costs and other", "-34 ( 34 )", "-19 ( 19 )", "-33 ( 33 )" ], [ "total", "$ 92", "$ 116", "$ 118" ] ]

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[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no .", "148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no .", "123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no .", "123 .", "the company continues to use accounting principles board opinion no .", "25 ( apb no .", "25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of sfas no .", "148 .", "in accordance with apb no .", "25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .", "the company 2019s stock option plans are more fully described in note 13 .", "in december 2004 , the fasb issued sfas no .", "123r , 201cshare-based payment 201d ( sfas no .", "123r ) , described below .", "the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .", "123 ( as amended ) to stock-based compensation .", "the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : ." ]

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

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

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

[ { "arg1": "533000", "arg2": "825000", "op": "minus1-1", "res": "-292000" }, { "arg1": "#0", "arg2": "825000", "op": "divide1-2", "res": "-35.4%" } ]

[ "we recorded liabilities for certain litigation settlements in prior periods .", "total liabilities for litigation settlements changed from december 31 , 2006 , as follows : ( in millions ) ." ]

[ "* note that table may not sum due to rounding .", "contribution expense 2014foundation in may 2006 , in conjunction with our initial public offering ( 201cipo 201d ) , we issued 13496933 shares of our class a common stock as a donation to the foundation that is incorporated in canada and controlled by directors who are independent of us and our customers .", "the foundation builds on mastercard 2019s existing charitable giving commitments by continuing to support programs and initiatives that help children and youth to access education , understand and utilize technology , and develop the skills necessary to succeed in a diverse and global work force .", "the vision of the foundation is to make the economy work for everybody by advancing innovative programs in areas of microfinance and youth education .", "in connection with the donation of the class a common stock , we recorded an expense of $ 395 million which was equal to the aggregate value of the shares we donated .", "in both 2007 and 2006 , we recorded expenses of $ 20 million for cash donations we made to the foundation , completing our intention , announced at the time of the ipo , to donate approximately $ 40 million in cash to the foundation in support of its operating expenses and charitable disbursements for the first four years of its operations .", "we may make additional cash contributions to the foundation in the future .", "the cash and stock donations to the foundation are generally not deductible by mastercard for tax purposes .", "as a result of this difference between the financial statement and tax treatments of the donations , our effective income tax rate for the year ended december 31 , 2006 is significantly higher than our effective income tax rates for 2007 and 2008 .", "depreciation and amortization depreciation and amortization expenses increased $ 14 million in 2008 and decreased $ 2 million in 2007 .", "the increase in depreciation and amortization expense in 2008 is primarily due to increased investments in leasehold and building improvements , data center equipment and capitalized software .", "the decrease in depreciation and amortization expense in 2007 was primarily related to certain assets becoming fully depreciated .", "depreciation and amortization will increase as we continue to invest in leasehold and building improvements , data center equipment and capitalized software. ." ]

[ [ "Balance as of December 31, 2006", "$477" ], [ "Provision for litigation settlements (Note 20)", "3" ], [ "Interest accretion on U.S. Merchant Lawsuit", "38" ], [ "Payments", "(114)" ], [ "Balance as of December 31, 2007", "$404" ], [ "Provision for Discover Settlement", "863" ], [ "Provision for American Express Settlement", "1,649" ], [ "Provision for other litigation settlements", "6" ], [ "Interest accretion on U.S. Merchant Lawsuit", "33" ], [ "Interest accretion on American Express Settlement", "44" ], [ "Payments on American Express Settlement", "(300)" ], [ "Payments on Discover Settlement", "(863)" ], [ "Payment on U.S. Merchant Lawsuit", "(100)" ], [ "Other payments and accretion", "(1)" ], [ "Balance as of December 31, 2008", "$1,736" ] ]

[ [ "balance as of december 31 2006", "$ 477" ], [ "provision for litigation settlements ( note 20 )", "3" ], [ "interest accretion on u.s . merchant lawsuit", "38" ], [ "payments", "-114 ( 114 )" ], [ "balance as of december 31 2007", "$ 404" ], [ "provision for discover settlement", "863" ], [ "provision for american express settlement", "1649" ], [ "provision for other litigation settlements", "6" ], [ "interest accretion on u.s . merchant lawsuit", "33" ], [ "interest accretion on american express settlement", "44" ], [ "payments on american express settlement", "-300 ( 300 )" ], [ "payments on discover settlement", "-863 ( 863 )" ], [ "payment on u.s . merchant lawsuit", "-100 ( 100 )" ], [ "other payments and accretion", "-1 ( 1 )" ], [ "balance as of december 31 2008", "$ 1736" ] ]

[]

[ "other expense , net , decreased $ 6.2 million , or 50.0% ( 50.0 % ) , for the year ended december 31 , 2004 compared to the year ended december 31 , 2003 .", "the decrease was primarily due to a reduction in charges on disposal and transfer costs of fixed assets and facility closure costs of $ 3.3 million , reduced legal charges of $ 1.5 million , and a reduction in expenses of $ 1.4 million consisting of individually insignificant items .", "interest expense and income taxes interest expense decreased in 2004 by $ 92.2 million , or 75.7% ( 75.7 % ) , from 2003 .", "this decrease included $ 73.3 million of expenses related to the company 2019s debt refinancing , which was completed in july 2003 .", "the $ 73.3 million of expenses consisted of $ 55.9 million paid in premiums for the tender of the 95 20448% ( 20448 % ) senior subordinated notes , and a $ 17.4 million non-cash charge for the write-off of deferred financing fees related to the 95 20448% ( 20448 % ) notes and pca 2019s original revolving credit facility .", "excluding the $ 73.3 million charge , interest expense was $ 18.9 million lower than in 2003 as a result of lower interest rates attributable to the company 2019s july 2003 refinancing and lower debt levels .", "pca 2019s effective tax rate was 38.0% ( 38.0 % ) for the year ended december 31 , 2004 and 42.3% ( 42.3 % ) for the year ended december 31 , 2003 .", "the higher tax rate in 2003 is due to stable permanent items over lower book income ( loss ) .", "for both years 2004 and 2003 tax rates are higher than the federal statutory rate of 35.0% ( 35.0 % ) due to state income taxes .", "year ended december 31 , 2003 compared to year ended december 31 , 2002 the historical results of operations of pca for the years ended december 31 , 2003 and 2002 are set forth below : for the year ended december 31 , ( in millions ) 2003 2002 change ." ]

[ "net sales net sales decreased by $ 0.4 million , or 0.0% ( 0.0 % ) , for the year ended december 31 , 2003 from the year ended december 31 , 2002 .", "net sales increased due to improved sales volumes compared to 2002 , however , this increase was entirely offset by lower sales prices .", "total corrugated products volume sold increased 2.1% ( 2.1 % ) to 28.1 billion square feet in 2003 compared to 27.5 billion square feet in 2002 .", "on a comparable shipment-per-workday basis , corrugated products sales volume increased 1.7% ( 1.7 % ) in 2003 from 2002 .", "shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year .", "the lower percentage increase was due to the fact that 2003 had one more workday ( 252 days ) , those days not falling on a weekend or holiday , than 2002 ( 251 days ) .", "containerboard sales volume to external domestic and export customers decreased 6.7% ( 6.7 % ) to 445000 tons for the year ended december 31 , 2003 from 477000 tons in the comparable period of 2002 .", "income before interest and taxes income before interest and taxes decreased by $ 48.4 million , or 33.3% ( 33.3 % ) , for the year ended december 31 , 2003 compared to 2002 .", "included in income before interest and taxes for the twelve months ." ]

[ [ "<i></i>", "For the Year Ended December 31,", "" ], [ "<i>(In millions)</i>", "2003", "2002", "Change" ], [ "Net sales", "$1,735.5", "$1,735.9", "$(0.4)" ], [ "Income before interest and taxes", "$96.9", "$145.3", "$(48.4)" ], [ "Interest expense, net", "(121.8)", "(67.7)", "(54.1)" ], [ "Income (loss) before taxes", "(24.9)", "77.6", "(102.5)" ], [ "(Provision) benefit for income taxes", "10.5", "(29.4)", "39.9" ], [ "Net income (loss)", "$(14.4)", "$48.2", "$(62.6)" ] ]

[ [ "( in millions )", "2003", "2002", "change" ], [ "net sales", "$ 1735.5", "$ 1735.9", "$ -0.4 ( 0.4 )" ], [ "income before interest and taxes", "$ 96.9", "$ 145.3", "$ -48.4 ( 48.4 )" ], [ "interest expense net", "-121.8 ( 121.8 )", "-67.7 ( 67.7 )", "-54.1 ( 54.1 )" ], [ "income ( loss ) before taxes", "-24.9 ( 24.9 )", "77.6", "-102.5 ( 102.5 )" ], [ "( provision ) benefit for income taxes", "10.5", "-29.4 ( 29.4 )", "39.9" ], [ "net income ( loss )", "$ -14.4 ( 14.4 )", "$ 48.2", "$ -62.6 ( 62.6 )" ] ]

[]

[ "note 21 .", "expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million .", "ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account .", "the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value .", "the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account .", "during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts .", "although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts .", "we have no ongoing commitment or intent to provide support to these accounts .", "the securities are carried in investment securities available for sale in our consolidated statement of condition .", "the components of other expenses were as follows for the years ended december 31: ." ]

[ "in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings .", "while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities .", "in the then current market environment , the market value of the underlying collateral had declined .", "during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure .", "the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 .", "the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. ." ]

[ [ "(In millions)", "2008", "2007", "2006" ], [ "Customer indemnification obligation", "$200", "", "" ], [ "Securities processing", "187", "$79", "$37" ], [ "Other", "505", "399", "281" ], [ "Total other expenses", "$892", "$478", "$318" ] ]

[ [ "( in millions )", "2008", "2007", "2006" ], [ "customer indemnification obligation", "$ 200", "", "" ], [ "securities processing", "187", "$ 79", "$ 37" ], [ "other", "505", "399", "281" ], [ "total other expenses", "$ 892", "$ 478", "$ 318" ] ]

[]

[ "improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years .", "goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review .", "we completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment .", "in the fourth quarter of fiscal 2011 , we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products .", "we performed an update to our goodwill impairment test for the enterprise reporting unit and determined there was no impairment .", "goodwill is assigned to one or more reporting segments on the date of acquisition .", "we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill .", "to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows .", "our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors .", "we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists .", "we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable .", "when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows .", "if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets .", "we did not recognize any intangible asset impairment charges in fiscal 2011 , 2010 or 2009 .", "our intangible assets are amortized over their estimated useful lives of 1 to 13 years .", "amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed .", "the weighted average useful lives of our intangibles assets was as follows: ." ]

[ "weighted average useful life ( years ) software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate .", "amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed .", "to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material .", "internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage .", "such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications .", "capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose .", "table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) ." ]

[ [ "", "Weighted AverageUseful Life (years)" ], [ "Purchased technology", "6" ], [ "Customer contracts and relationships", "10" ], [ "Trademarks", "7" ], [ "Acquired rights to use technology", "9" ], [ "Localization", "1" ], [ "Other intangibles", "3" ] ]

[ [ "", "weighted averageuseful life ( years )" ], [ "purchased technology", "6" ], [ "customer contracts and relationships", "10" ], [ "trademarks", "7" ], [ "acquired rights to use technology", "9" ], [ "localization", "1" ], [ "other intangibles", "3" ] ]

[]

[ "the graph below matches cadence design systems , inc . 2019s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the s&p information technology index , and the nasdaq composite index .", "the graph assumes that the value of the investment in our common stock , and in each index ( including reinvestment of dividends ) was $ 100 on december 28 , 2002 and tracks it through december 29 , 2007 .", "comparison of 5 year cumulative total return* among cadence design systems , inc. , the s&p 500 index , the nasdaq composite index and the s&p information technology index 12/29/0712/30/0612/31/051/1/051/3/0412/28/02 cadence design systems , inc .", "nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/28/02 in stock or on 12/31/02 in index-including reinvestment of dividends .", "indexes calculated on month-end basis .", "copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .", "all rights reserved .", "www.researchdatagroup.com/s&p.htm ." ]

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

[ [ "", "12/28/02", "1/3/04", "1/1/05", "12/31/05", "12/30/06", "12/29/07" ], [ "Cadence Design Systems, Inc.", "100.00", "149.92", "113.38", "138.92", "147.04", "139.82" ], [ "S & P 500", "100.00", "128.68", "142.69", "149.70", "173.34", "182.87" ], [ "NASDAQ Composite", "100.00", "149.75", "164.64", "168.60", "187.83", "205.22" ], [ "S & P Information Technology", "100.00", "147.23", "150.99", "152.49", "165.32", "192.28" ] ]

[ [ "", "12/28/02", "1/3/04", "1/1/05", "12/31/05", "12/30/06", "12/29/07" ], [ "cadence design systems inc .", "100.00", "149.92", "113.38", "138.92", "147.04", "139.82" ], [ "s & p 500", "100.00", "128.68", "142.69", "149.70", "173.34", "182.87" ], [ "nasdaq composite", "100.00", "149.75", "164.64", "168.60", "187.83", "205.22" ], [ "s & p information technology", "100.00", "147.23", "150.99", "152.49", "165.32", "192.28" ] ]

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[ "o .", "segment information 2013 ( concluded ) ( 1 ) included in net sales were export sales from the u.s .", "of $ 246 million , $ 277 million and $ 275 million in 2010 , 2009 and 2008 , respectively .", "( 2 ) intra-company sales between segments represented approximately two percent of net sales in 2010 , three percent of net sales in 2009 and one percent of net sales in 2008 .", "( 3 ) included in net sales were sales to one customer of $ 1993 million , $ 2053 million and $ 2058 million in 2010 , 2009 and 2008 , 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 $ 5618 million , $ 5952 million and $ 7150 million in 2010 , 2009 and 2008 , respectively .", "( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2010 , 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010 , 2009 and 2008 .", "( 6 ) 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 $ 720 million .", "included in segment operating profit ( loss ) for 2009 were impairment charges for goodwill as follows : plumbing products 2013 $ 39 million ; other specialty products 2013 $ 223 million .", "included in segment operating profit ( loss ) for 2008 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 59 million ; plumbing products 2013 $ 203 million ; installation and other services 2013 $ 52 million ; and other specialty products 2013 $ 153 million .", "( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments .", "( 8 ) during 2009 , the company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning january 1 , 2010 under substantially all of the company 2019s domestic qualified and non-qualified defined-benefit pension plans .", "see note m to the consolidated financial statements .", "( 9 ) the charge for litigation settlement in 2009 relates to a business unit in the cabinets and related products segment .", "the charge for litigation settlement in 2008 relates to a business unit in the installation and other services segment .", "( 10 ) see note l to the consolidated financial statements .", "( 11 ) long-lived assets of the company 2019s operations in the u.s .", "and europe were $ 3684 million and $ 617 million , $ 4628 million and $ 690 million , and $ 4887 million and $ 770 million at december 31 , 2010 , 2009 and 2008 , respectively .", "( 12 ) segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations .", "p .", "other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: ." ]

[ "masco corporation notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "", "2010", "2009", "2008" ], [ "Income from cash and cash investments", "$6", "$7", "$22" ], [ "Other interest income", "1", "2", "2" ], [ "Income from financial investments, net (Note E)", "9", "3", "1" ], [ "Other items, net", "(9)", "17", "(22)" ], [ "Total other, net", "$7", "$29", "$3" ] ]

[ [ "", "2010", "2009", "2008" ], [ "income from cash and cash investments", "$ 6", "$ 7", "$ 22" ], [ "other interest income", "1", "2", "2" ], [ "income from financial investments net ( note e )", "9", "3", "1" ], [ "other items net", "-9 ( 9 )", "17", "-22 ( 22 )" ], [ "total other net", "$ 7", "$ 29", "$ 3" ] ]

[ { "arg1": "9", "arg2": "3", "op": "minus1-1", "res": "6" }, { "arg1": "#0", "arg2": "3", "op": "divide1-2", "res": "200%" } ]

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

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

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

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

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[ "on october 21 , 2004 , the hartford declared a dividend on its common stock of $ 0.29 per share payable on january 3 , 2005 to shareholders of record as of december 1 , 2004 .", "the hartford declared $ 331 and paid $ 325 in dividends to shareholders in 2004 , declared $ 300 and paid $ 291 in dividends to shareholders in 2003 , declared $ 262 and paid $ 257 in 2002 .", "aoci - aoci increased by $ 179 as of december 31 , 2004 compared with december 31 , 2003 .", "the increase in aoci is primarily the result of life 2019s adoption of sop 03-1 , which resulted in a $ 292 cumulative effect for unrealized gains on securities in the first quarter of 2004 related to the reclassification of investments from separate account assets to general account assets , partially offset by net unrealized losses on cash-flow hedging instruments .", "the funded status of the company 2019s pension and postretirement plans is dependent upon many factors , including returns on invested assets and the level of market interest rates .", "declines in the value of securities traded in equity markets coupled with declines in long- term interest rates have had a negative impact on the funded status of the plans .", "as a result , the company recorded a minimum pension liability as of december 31 , 2004 , and 2003 , which resulted in an after-tax reduction of stockholders 2019 equity of $ 480 and $ 375 respectively .", "this minimum pension liability did not affect the company 2019s results of operations .", "for additional information on stockholders 2019 equity and aoci see notes 15 and 16 , respectively , of notes to consolidated financial statements .", "cash flow 2004 2003 2002 ." ]

[ "2004 compared to 2003 2014 cash from operating activities primarily reflects premium cash flows in excess of claim payments .", "the decrease in cash provided by operating activities was due primarily to the $ 1.15 billion settlement of the macarthur litigation in 2004 .", "cash provided by financing activities decreased primarily due to lower proceeds from investment and universal life-type contracts as a result of the adoption of sop 03-1 , decreased capital raising activities , repayment of commercial paper and early retirement of junior subordinated debentures in 2004 .", "the decrease in cash from financing activities and operating cash flows invested long-term accounted for the majority of the change in cash used for investing activities .", "2003 compared to 2002 2014 the increase in cash provided by operating activities was primarily the result of strong premium cash flows .", "financing activities increased primarily due to capital raising activities related to the 2003 asbestos reserve addition and decreased due to repayments on long-term debt and lower proceeds from investment and universal life-type contracts .", "the increase in cash from financing activities accounted for the majority of the change in cash used for investing activities .", "operating cash flows in each of the last three years have been adequate to meet liquidity requirements .", "equity markets for a discussion of the potential impact of the equity markets on capital and liquidity , see the capital markets risk management section under 201cmarket risk 201d .", "ratings ratings are an important factor in establishing the competitive position in the insurance and financial services marketplace .", "there can be no assurance that the company's ratings will continue for any given period of time or that they will not be changed .", "in the event the company's ratings are downgraded , the level of revenues or the persistency of the company's business may be adversely impacted .", "on august 4 , 2004 , moody 2019s affirmed the company 2019s and hartford life , inc . 2019s a3 senior debt ratings as well as the aa3 insurance financial strength ratings of both its property-casualty and life insurance operating subsidiaries .", "in addition , moody 2019s changed the outlook for all of these ratings from negative to stable .", "since the announcement of the suit filed by the new york attorney general 2019s office against marsh & mclennan companies , inc. , and marsh , inc .", "on october 14 , 2004 , the major independent ratings agencies have indicated that they continue to monitor developments relating to the suit .", "on october 22 , 2004 , standard & poor 2019s revised its outlook on the u.s .", "property/casualty commercial lines sector to negative from stable .", "on november 23 , 2004 , standard & poor 2019s revised its outlook on the financial strength and credit ratings of the property-casualty insurance subsidiaries to negative from stable .", "the outlook on the life insurance subsidiaries and corporate debt was unaffected. ." ]

[ [ "<i>Cash Flow</i>", "2004", "2003", "2002" ], [ "Net cash provided by operating activities", "$2,634", "$3,896", "$2,577" ], [ "Net cash used for investing activities", "$(2,401)", "$(8,387)", "$(6,600)" ], [ "Net cash provided by financing activities", "$477", "$4,608", "$4,037" ], [ "Cash — end of year", "$1,148", "$462", "$377" ] ]

[ [ "cash flow", "2004", "2003", "2002" ], [ "net cash provided by operating activities", "$ 2634", "$ 3896", "$ 2577" ], [ "net cash used for investing activities", "$ -2401 ( 2401 )", "$ -8387 ( 8387 )", "$ -6600 ( 6600 )" ], [ "net cash provided by financing activities", "$ 477", "$ 4608", "$ 4037" ], [ "cash 2014 end of year", "$ 1148", "$ 462", "$ 377" ] ]

[]

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

[ "." ]

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

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

[ { "arg1": "70.1", "arg2": "52.7", "op": "add1-1", "res": "122.8" }, { "arg1": "93.0", "arg2": "#0", "op": "divide1-2", "res": ".7573" } ]

[ "proved reserves can be added as expansions are permitted , funding is approved and certain stipulations of the joint venture agreement are satisfied .", "the following table sets forth changes in estimated quantities of net proved bitumen reserves for the year 2008 .", "estimated quantities of proved bitumen reserves ( millions of barrels ) 2008 ." ]

[ "( a ) revisions were driven primarily by price and the impact of the new royalty regime discussed below .", "the above estimated quantity of net proved bitumen reserves is a forward-looking statement and is based on a number of assumptions , including ( among others ) commodity prices , volumes in-place , presently known physical data , recoverability of bitumen , industry economic conditions , levels of cash flow from operations , and other operating considerations .", "to the extent these assumptions prove inaccurate , actual recoveries could be different than current estimates .", "for a discussion of the proved bitumen reserves estimation process , see item 7 .", "management 2019s discussion and analysis of financial condition and results of operations 2013 critical accounting estimates 2013 estimated net recoverable reserve quantities 2013 proved bitumen reserves .", "operations at the aosp are not within the scope of statement of financial accounting standards ( 201csfas 201d ) no .", "25 , 201csuspension of certain accounting requirements for oil and gas producing companies ( an amendment of financial accounting standards board ( 201cfasb 201d ) statement no .", "19 ) , 201d sfas no .", "69 , 201cdisclosures about oil and gas producing activities ( an amendment of fasb statements 19 , 25 , 33 and 39 ) , 201d and securities and exchange commission ( 201csec 201d ) rule 4-10 of regulation s-x ; therefore , bitumen production and reserves are not included in our supplementary information on oil and gas producing activities .", "the sec has recently issued a release amending these disclosure requirements effective for annual reports on form 10-k for fiscal years ending on or after december 31 , 2009 , see item 7 .", "management 2019s discussion and analysis of financial condition and results of operations 2013 accounting standards not yet adopted for additional information .", "prior to our acquisition of western , the first fully-integrated expansion of the existing aosp facilities was approved in 2006 .", "expansion 1 , which includes construction of mining and extraction facilities at the jackpine mine , expansion of treatment facilities at the existing muskeg river mine , expansion of the scotford upgrader and development of related infrastructure , is anticipated to begin operations in late 2010 or 2011 .", "when expansion 1 is complete , we will have more than 50000 bpd of net production and upgrading capacity in the canadian oil sands .", "the timing and scope of future expansions and debottlenecking opportunities on existing operations remain under review .", "during 2008 , the alberta government accepted the project 2019s application to have a portion of the expansion 1 capital costs form part of the muskeg river mine 2019s allowable cost recovery pool .", "due to commodity price declines in the year , royalties for 2008 were one percent of the gross mine revenue .", "commencing january 1 , 2009 , the alberta royalty regime has been amended such that royalty rates will be based on the canadian dollar ( 201ccad 201d ) equivalent monthly average west texas intermediate ( 201cwti 201d ) price .", "royalty rates will rise from a minimum of one percent to a maximum of nine percent under the gross revenue method and from a minimum of 25 percent to a maximum of 40 percent under the net revenue method .", "under both methods , the minimum royalty is based on a wti price of $ 55.00 cad per barrel and below while the maximum royalty is reached at a wti price of $ 120.00 cad per barrel and above , with a linear increase in royalty between the aforementioned prices .", "the above discussion of the oil sands mining segment includes forward-looking statements concerning the anticipated completion of aosp expansion 1 .", "factors which could affect the expansion project include transportation logistics , availability of materials and labor , unforeseen hazards such as weather conditions , delays in obtaining or conditions imposed by necessary government and third-party approvals and other risks customarily associated with construction projects .", "refining , marketing and transportation refining we own and operate seven refineries in the gulf coast , midwest and upper great plains regions of the united states with an aggregate refining capacity of 1.016 million barrels per day ( 201cmmbpd 201d ) of crude oil .", "during 2008 ." ]

[ [ "<i>(Millions of barrels)</i>", "2008" ], [ "Beginning of year", "421" ], [ "Revisions^(a)", "(30)" ], [ "Extensions, discoveries and additions", "6" ], [ "Production", "(9)" ], [ "End of year", "388" ] ]

[ [ "( millions of barrels )", "2008" ], [ "beginning of year", "421" ], [ "revisions ( a )", "-30 ( 30 )" ], [ "extensions discoveries and additions", "6" ], [ "production", "-9 ( 9 )" ], [ "end of year", "388" ] ]

[ { "arg1": "421", "arg2": "388", "op": "add1-1", "res": "809.0" }, { "arg1": "#0", "arg2": "const_2", "op": "divide0-0", "res": "404.5" } ]

[ "higher average borrowings .", "additionally , the recapitalization that occurred late in the first quarter of 2005 resulted in a full year of interest in 2006 as compared to approximately ten months in 2005 .", "the increase in interest expense in 2005 as compared to 2004 also resulted from the recapitalization in 2005 .", "income tax expense income tax expense totaled $ 150.2 million , $ 116.1 million and $ 118.3 million for 2006 , 2005 and 2004 , respectively .", "this resulted in an effective tax rate of 37.2% ( 37.2 % ) , 37.2% ( 37.2 % ) and 37.6% ( 37.6 % ) for 2006 , 2005 and 2004 , respectively .", "net earnings net earnings totaled $ 259.1 million , $ 196.6 and $ 189.4 million for 2006 , 2005 and 2004 , respectively , or $ 1.37 , $ 1.53 and $ 1.48 per diluted share , respectively .", "segment results of operations transaction processing services ( in thousands ) ." ]

[ "revenues for the transaction processing services segment are derived from three main revenue channels ; enterprise solutions , integrated financial solutions and international .", "revenues from transaction processing services totaled $ 2458.8 million , $ 1208.4 and $ 892.0 million for 2006 , 2005 and 2004 , respectively .", "the overall segment increase of $ 1250.4 million during 2006 , as compared to 2005 was primarily attributable to the certegy merger which contributed $ 1067.2 million to the overall increase .", "the majority of the remaining 2006 growth is attributable to organic growth within the historically owned integrated financial solutions and international revenue channels , with international including $ 31.9 million related to the newly formed business process outsourcing operation in brazil .", "the overall segment increase of $ 316.4 in 2005 as compared to 2004 results from the inclusion of a full year of results for the 2004 acquisitions of aurum , sanchez , kordoba , and intercept , which contributed $ 301.1 million of the increase .", "cost of revenues for the transaction processing services segment totaled $ 1914.1 million , $ 904.1 million and $ 667.1 million for 2006 , 2005 and 2004 , respectively .", "the overall segment increase of $ 1010.0 million during 2006 as compared to 2005 was primarily attributable to the certegy merger which contributed $ 848.2 million to the increase .", "gross profit as a percentage of revenues ( 201cgross margin 201d ) was 22.2% ( 22.2 % ) , 25.2% ( 25.2 % ) and 25.2% ( 25.2 % ) for 2006 , 2005 and 2004 , respectively .", "the decrease in gross profit in 2006 as compared to 2005 is primarily due to the february 1 , 2006 certegy merger , which businesses typically have lower margins than those of the historically owned fis businesses .", "incremental intangible asset amortization relating to the certegy merger also contributed to the decrease in gross margin .", "included in cost of revenues was depreciation and amortization of $ 272.4 million , $ 139.8 million , and $ 94.6 million for 2006 , 2005 and 2004 , respectively .", "selling , general and administrative expenses totaled $ 171.1 million , $ 94.9 million and $ 99.6 million for 2006 , 2005 and 2004 , respectively .", "the increase in 2006 compared to 2005 is primarily attributable to the certegy merger which contributed $ 73.7 million to the overall increase of $ 76.2 million .", "the decrease of $ 4.7 million in 2005 as compared to 2004 is primarily attributable to the effect of acquisition related costs in 2004 .", "included in selling , general and administrative expenses was depreciation and amortization of $ 11.0 million , $ 9.1 million and $ 2.3 million for 2006 , 2005 and 2004 , respectively. ." ]

[ [ "", "2006", "2005", "2004" ], [ "Processing and services revenues", "$2,458,777", "$1,208,430", "$892,033" ], [ "Cost of revenues", "1,914,148", "904,124", "667,078" ], [ "Gross profit", "544,629", "304,306", "224,955" ], [ "Selling, general and administrative expenses", "171,106", "94,889", "99,581" ], [ "Research and development costs", "70,879", "85,702", "54,038" ], [ "Operating income", "$302,644", "$123,715", "$71,336" ] ]

[ [ "", "2006", "2005", "2004" ], [ "processing and services revenues", "$ 2458777", "$ 1208430", "$ 892033" ], [ "cost of revenues", "1914148", "904124", "667078" ], [ "gross profit", "544629", "304306", "224955" ], [ "selling general and administrative expenses", "171106", "94889", "99581" ], [ "research and development costs", "70879", "85702", "54038" ], [ "operating income", "$ 302644", "$ 123715", "$ 71336" ] ]

[ { "arg1": "259.1", "arg2": "const_1000", "op": "multiply1-1", "res": "259100" }, { "arg1": "#0", "arg2": "2458777", "op": "divide1-2", "res": "10.5%" } ]

[ "management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2013 primarily related to payments for capital expenditures and acquisitions .", "capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements .", "we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired .", "financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends .", "during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock .", "this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes .", "net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends .", "we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes .", "in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock .", "foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 101.0 in 2014 .", "the decrease was primarily a result of the u.s .", "dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 .", "the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 .", "the decrease was primarily a result of the u.s .", "dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. ." ]

[ "liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months .", "we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs .", "we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends .", "from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk .", "our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit .", "there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. ." ]

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

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

[ { "arg1": "1732.8", "arg2": "1662.5", "op": "minus2-1", "res": "70.3" }, { "arg1": "#0", "arg2": "1662.5", "op": "divide2-2", "res": "4.2%" } ]