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[ "page 20 of 100 segment sales were $ 100.7 million lower in 2009 than in 2008 , primarily as a result of the impact of lower aluminum prices partially offset by an increase in sales volumes .", "the higher sales volumes in 2009 were the result of incremental volumes from the four plants purchased from ab inbev , partially offset by certain plant closures and lower sales volumes in the existing business .", "segment earnings in 2010 were $ 122.3 million higher than in 2009 primarily due to a net $ 85 million impact related to the higher sales volumes and $ 45 million of product mix and improved manufacturing performance associated with higher production .", "also adding to the 2010 improvement was the effect of a $ 7 million out-of-period inventory charge in 2009 .", "the details of the out-of-period adjustment are included in note 7 to the consolidated financial statements included within item 8 of this report .", "segment earnings in 2009 were higher than in 2008 due to $ 12 million of earnings contribution from the four acquired plants and approximately $ 21 million of savings associated with plant closures .", "partially offsetting these favorable impacts were lower carbonated soft drink and beer can sales volumes ( excluding the newly acquired plants ) and approximately $ 25 million related to higher cost inventories in the first half of 2009 .", "metal beverage packaging , europe ." ]

[ "( a ) further details of these items are included in note 5 to the consolidated financial statements within item 8 of this report .", "the metal beverage packaging , europe , segment includes metal beverage packaging products manufactured in europe .", "ball packaging europe has manufacturing plants located in germany , the united kingdom , france , the netherlands , poland and serbia , and is the second largest metal beverage container business in europe .", "segment sales in 2010 decreased $ 41.9 million compared to 2009 , primarily due to unfavorable foreign exchange effects of $ 93 million and price and mix changes , partially offset by higher sales volumes .", "segment sales in 2009 as compared to 2008 were $ 129.2 million lower due to $ 110 million of unfavorable foreign exchange effects , partially offset by better commercial terms .", "sales volumes in 2009 were essentially flat compared to those in the prior year .", "segment earnings in 2010 decreased $ 1.9 million compared to 2009 , primarily the result of a $ 28 million increase related to higher sales volumes , offset by $ 18 million of negative effects from foreign currency translation and $ 12 million of higher inventory and other costs .", "while 2009 sales volumes were consistent with the prior year , the adverse effects of foreign currency translation , both within europe and on the conversion of the euro to the u.s .", "dollar , reduced segment earnings by $ 8 million .", "also contributing to lower segment earnings were higher cost inventory carried into 2009 and a change in sales mix , partially offset by better commercial terms in some of our contracts .", "on january 18 , 2011 , ball acquired aerocan s.a.s .", "( aerocan ) , a leading european supplier of aluminum aerosol cans and bottles , for 20ac222.4 million ( approximately $ 300 million ) in cash and assumed debt .", "aerocan manufactures extruded aluminum aerosol cans and bottles , and the aluminum slugs used to make them , for customers in the personal care , pharmaceutical , beverage and food industries .", "it operates three aerosol can manufacturing plants 2013 one each in the czech republic , france and the united kingdom 2013 and is a 51 percent owner of a joint venture aluminum slug plant in france .", "the four plants employ approximately 560 people .", "the acquisition of aerocan will allow ball to enter a growing part of the metal packaging industry and to broaden the company 2019s market development efforts into a new customer base. ." ]

[ [ "($ in millions)", "2010", "2009", "2008" ], [ "Net sales", "$1,697.6", "$1,739.5", "$1,868.7" ], [ "Segment earnings", "$212.9", "$214.8", "$230.9" ], [ "Business consolidation costs(a)", "(3.2)", "−", "−" ], [ "Total segment earnings", "$209.7", "$214.8", "$230.9" ] ]

[ [ "( $ in millions )", "2010", "2009", "2008" ], [ "net sales", "$ 1697.6", "$ 1739.5", "$ 1868.7" ], [ "segment earnings", "$ 212.9", "$ 214.8", "$ 230.9" ], [ "business consolidation costs ( a )", "-3.2 ( 3.2 )", "2212", "2212" ], [ "total segment earnings", "$ 209.7", "$ 214.8", "$ 230.9" ] ]

[ { "arg1": "129.2", "arg2": "41.9", "op": "minus2-1", "res": "87.3" }, { "arg1": "#0", "arg2": "129.2", "op": "divide2-2", "res": "67.5%" } ]

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

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

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

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

[ { "arg1": "10.8", "arg2": "6.4", "op": "minus2-1", "res": "4.4" }, { "arg1": "#0", "arg2": "6.4", "op": "divide2-2", "res": "68.8%" } ]

[ "marathon oil corporation notes to consolidated financial statements 7 .", "dispositions outside-operated norwegian properties 2013 on october 31 , 2008 , we closed the sale of our norwegian outside-operated properties and undeveloped offshore acreage in the heimdal area of the norwegian north sea for net proceeds of $ 301 million , with a pretax gain of $ 254 million as of december 31 , 2008 .", "pilot travel centers 2013 on october 8 , 2008 , we completed the sale of our 50 percent ownership interest in ptc .", "sale proceeds were $ 625 million , with a pretax gain on the sale of $ 126 million .", "immediately preceding the sale , we received a $ 75 million partial redemption of our ownership interest from ptc that was accounted for as a return of investment .", "operated irish properties 2013 on december 17 , 2008 , we agreed to sell our operated properties located in ireland for proceeds of $ 180 million , before post-closing adjustments and cash on hand at closing .", "closing is subject to completion of the necessary administrative processes .", "as of december 31 , 2008 , operating assets and liabilities were classified as held for sale , as disclosed by major class in the following table : ( in millions ) 2008 ." ]

[ "8 .", "discontinued operations on june 2 , 2006 , we sold our russian oil exploration and production businesses in the khanty-mansiysk region of western siberia .", "under the terms of the agreement , we received $ 787 million for these businesses , plus preliminary working capital and other closing adjustments of $ 56 million , for a total transaction value of $ 843 million .", "proceeds net of transaction costs and cash held by the russian businesses at the transaction date totaled $ 832 million .", "a gain on the sale of $ 243 million ( $ 342 million before income taxes ) was reported in discontinued operations for 2006 .", "income taxes on this gain were reduced by the utilization of a capital loss carryforward .", "exploration and production segment goodwill of $ 21 million was allocated to the russian assets and reduced the reported gain .", "adjustments to the sales price were completed in 2007 and an additional gain on the sale of $ 8 million ( $ 13 million before income taxes ) was recognized .", "the activities of the russian businesses have been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for 2006 .", "revenues applicable to discontinued operations were $ 173 million and pretax income from discontinued operations was $ 45 million for 2006. ." ]

[ [ "<i>(In millions)</i>", "2008" ], [ "Current assets", "$164" ], [ "Noncurrent assets", "103" ], [ "Total assets", "267" ], [ "Current liabilities", "62" ], [ "Noncurrent liabilities", "199" ], [ "Total liabilities", "261" ], [ "Net assets held for sale", "$6" ] ]

[ [ "( in millions )", "2008" ], [ "current assets", "$ 164" ], [ "noncurrent assets", "103" ], [ "total assets", "267" ], [ "current liabilities", "62" ], [ "noncurrent liabilities", "199" ], [ "total liabilities", "261" ], [ "net assets held for sale", "$ 6" ] ]

[]

[ "devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2012 ( in mmboe ) . ." ]

[ "at december 31 , 2012 , devon had 840 mmboe of proved undeveloped reserves .", "this represents a 7 percent increase as compared to 2011 and represents 28 percent of its total proved reserves .", "drilling and development activities increased devon 2019s proved undeveloped reserves 203 mmboe and resulted in the conversion of 90 mmboe , or 12 percent , of the 2011 proved undeveloped reserves to proved developed reserves .", "costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.3 billion for 2012 .", "additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 16 mmboe primarily due to its evaluation of certain u.s .", "onshore dry-gas areas , which it does not expect to develop in the next five years .", "the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas .", "a significant amount of devon 2019s proved undeveloped reserves at the end of 2012 largely related to its jackfish operations .", "at december 31 , 2012 and 2011 , devon 2019s jackfish proved undeveloped reserves were 429 mmboe and 367 mmboe , respectively .", "development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .", "processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .", "as a result , these reserves are classified as proved undeveloped for more than five years .", "currently , the development schedule for these reserves extends though the year 2031 .", "price revisions 2012 - reserves decreased 171 mmboe primarily due to lower gas prices .", "of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .", "2011 - reserves decreased 21 mmboe due to lower gas prices and higher oil prices .", "the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .", "2010 - reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices .", "the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .", "of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area .", "revisions other than price total revisions other than price for 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above .", "total revisions other than price for 2010 primarily related to devon 2019s drilling and development in the barnett shale. ." ]

[ [ "", "U.S.", "Canada", "Total" ], [ "Proved undeveloped reserves as of December 31, 2011", "403", "379", "782" ], [ "Extensions and discoveries", "134", "68", "202" ], [ "Revisions due to prices", "(47)", "9", "(38)" ], [ "Revisions other than price", "(10)", "(6)", "(16)" ], [ "Conversion to proved developed reserves", "(73)", "(17)", "(90)" ], [ "Proved undeveloped reserves as of December 31, 2012", "407", "433", "840" ] ]

[ [ "", "u.s .", "canada", "total" ], [ "proved undeveloped reserves as of december 31 2011", "403", "379", "782" ], [ "extensions and discoveries", "134", "68", "202" ], [ "revisions due to prices", "-47 ( 47 )", "9", "-38 ( 38 )" ], [ "revisions other than price", "-10 ( 10 )", "-6 ( 6 )", "-16 ( 16 )" ], [ "conversion to proved developed reserves", "-73 ( 73 )", "-17 ( 17 )", "-90 ( 90 )" ], [ "proved undeveloped reserves as of december 31 2012", "407", "433", "840" ] ]

[ { "arg1": "const_100", "arg2": "28", "op": "divide1-1", "res": "3.57" }, { "arg1": "#0", "arg2": "840", "op": "multiply1-2", "res": "2998.8" } ]

[ "the goldman sachs group , inc .", "and subsidiaries management 2019s discussion and analysis investing & lending investing & lending includes our investing activities and the origination of loans , including our relationship lending activities , to provide financing to clients .", "these investments and loans are typically longer-term in nature .", "we make investments , some of which are consolidated , including through our merchant banking business and our special situations group , in debt securities and loans , public and private equity securities , infrastructure and real estate entities .", "some of these investments are made indirectly through funds that we manage .", "we also make unsecured and secured loans to retail clients through our digital platforms , marcus and goldman sachs private bank select ( gs select ) , respectively .", "the table below presents the operating results of our investing & lending segment. ." ]

[ "operating environment .", "during 2017 , generally higher global equity prices and tighter credit spreads contributed to a favorable environment for our equity and debt investments .", "results also reflected net gains from company- specific events , including sales , and corporate performance .", "this environment contrasts with 2016 , where , in the first quarter of 2016 , market conditions were difficult and corporate performance , particularly in the energy sector , was impacted by a challenging macroeconomic environment .", "however , market conditions improved during the rest of 2016 as macroeconomic concerns moderated .", "if macroeconomic concerns negatively affect company-specific events or corporate performance , or if global equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted .", "2017 versus 2016 .", "net revenues in investing & lending were $ 6.58 billion for 2017 , 61% ( 61 % ) higher than 2016 .", "net revenues in equity securities were $ 4.58 billion , including $ 3.82 billion of net gains from private equities and $ 762 million in net gains from public equities .", "net revenues in equity securities were 78% ( 78 % ) higher than 2016 , primarily reflecting a significant increase in net gains from private equities , which were positively impacted by company- specific events and corporate performance .", "in addition , net gains from public equities were significantly higher , as global equity prices increased during the year .", "of the $ 4.58 billion of net revenues in equity securities , approximately 60% ( 60 % ) was driven by net gains from company-specific events , such as sales , and public equities .", "net revenues in debt securities and loans were $ 2.00 billion , 33% ( 33 % ) higher than 2016 , reflecting significantly higher net interest income ( 2017 included approximately $ 1.80 billion of net interest income ) .", "net revenues in debt securities and loans for 2017 also included an impairment of approximately $ 130 million on a secured operating expenses were $ 2.80 billion for 2017 , 17% ( 17 % ) higher than 2016 , due to increased compensation and benefits expenses , reflecting higher net revenues , increased expenses related to consolidated investments , and increased expenses related to marcus .", "pre-tax earnings were $ 3.79 billion in 2017 compared with $ 1.69 billion in 2016 .", "2016 versus 2015 .", "net revenues in investing & lending were $ 4.08 billion for 2016 , 25% ( 25 % ) lower than 2015 .", "net revenues in equity securities were $ 2.57 billion , including $ 2.17 billion of net gains from private equities and $ 402 million in net gains from public equities .", "net revenues in equity securities were 32% ( 32 % ) lower than 2015 , primarily reflecting a significant decrease in net gains from private equities , driven by company-specific events and corporate performance .", "net revenues in debt securities and loans were $ 1.51 billion , 9% ( 9 % ) lower than 2015 , reflecting significantly lower net revenues related to relationship lending activities , due to the impact of changes in credit spreads on economic hedges .", "losses related to these hedges were $ 596 million in 2016 , compared with gains of $ 329 million in 2015 .", "this decrease was partially offset by higher net gains from investments in debt instruments and higher net interest income .", "see note 9 to the consolidated financial statements for further information about economic hedges related to our relationship lending activities .", "operating expenses were $ 2.39 billion for 2016 , essentially unchanged compared with 2015 .", "pre-tax earnings were $ 1.69 billion in 2016 , 44% ( 44 % ) lower than 2015 .", "goldman sachs 2017 form 10-k 61 ." ]

[ [ "", "Year Ended December" ], [ "<i>$ in millions</i>", "2017", "2016", "2015" ], [ "Equity securities", "$4,578", "$2,573", "$3,781" ], [ "Debt securities and loans", "2,003", "1,507", "1,655" ], [ "Total net revenues", "6,581", "4,080", "5,436" ], [ "Operating expenses", "2,796", "2,386", "2,402" ], [ "Pre-taxearnings", "$3,785", "$1,694", "$3,034" ] ]

[ [ "$ in millions", "year ended december 2017", "year ended december 2016", "year ended december 2015" ], [ "equity securities", "$ 4578", "$ 2573", "$ 3781" ], [ "debt securities and loans", "2003", "1507", "1655" ], [ "total net revenues", "6581", "4080", "5436" ], [ "operating expenses", "2796", "2386", "2402" ], [ "pre-taxearnings", "$ 3785", "$ 1694", "$ 3034" ] ]

[]

[ "subject to fluctuation and , consequently , the amount realized in the subsequent sale of an investment may differ significantly from its current reported value .", "fluctuations in the market price of a security may result from perceived changes in the underlying economic characteristics of the issuer , the relative price of alternative investments and general market conditions .", "the table below summarizes equity investments that are subject to equity price fluctuations at december 31 , 2012 .", "equity investments are included in other assets in our consolidated balance sheets .", "( in millions ) carrying unrealized net of tax ." ]

[ "we do not currently hedge against equity price risk .", "equity investments are assessed for other-than- temporary impairment on a quarterly basis. ." ]

[ [ "(in millions)", "CostBasis", "FairValue", "CarryingValue", "UnrealizedGain,Net of Tax" ], [ "BM&FBOVESPA S.A.", "$262.9", "$690.6", "$690.6", "$271.4" ], [ "Bolsa Mexicana de Valores, S.A.B. de C.V.", "17.3", "29.3", "29.3", "7.6" ], [ "IMAREX ASA", "—", "1.8", "1.8", "1.1" ] ]

[ [ "( in millions )", "costbasis", "fairvalue", "carryingvalue", "unrealizedgainnet of tax" ], [ "bm&fbovespa s.a .", "$ 262.9", "$ 690.6", "$ 690.6", "$ 271.4" ], [ "bolsa mexicana de valores s.a.b . de c.v .", "17.3", "29.3", "29.3", "7.6" ], [ "imarex asa", "2014", "1.8", "1.8", "1.1" ] ]

[]

[ "notes to the consolidated financial statements the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement .", "additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum .", "the applicable interest rate and the commitment fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc .", "for the company 2019s non-credit enhanced , long- term , senior , unsecured debt .", "the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets .", "the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of sixty percent or less .", "the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency .", "there were no amounts outstanding under the credit agreement at december 31 , on november 12 , 2010 , ppg completed a public offering of $ 250 million in aggregate principal amount of its 1.900% ( 1.900 % ) notes due 2016 ( the 201c2016 notes 201d ) , $ 500 million in aggregate principal amount of its 3.600% ( 3.600 % ) notes due 2020 ( the 201c2020 notes 201d ) and $ 250 million in aggregate principal amount of its 5.500% ( 5.500 % ) notes due 2040 ( the 201c2040 notes 201d ) .", "these notes were issued pursuant to an indenture dated as of march 18 , 2008 ( the 201coriginal indenture 201d ) between the company and the bank of new york mellon trust company , n.a. , as trustee ( the 201ctrustee 201d ) , as supplemented by a first supplemental indenture dated as of march 18 , 2008 between the company and the trustee ( the 201cfirst supplemental indenture 201d ) and a second supplemental indenture dated as of november 12 , 2010 between the company and the trustee ( the 201csecond supplemental indenture 201d and , together with the original indenture and the first supplemental indenture , the 201cindenture 201d ) .", "the company may issue additional debt from time to time pursuant to the original indenture .", "the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets .", "the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the second supplemental indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest .", "cash proceeds from this notes offering was $ 983 million ( net of discount and issuance costs ) .", "the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes .", "ppg 2019s non-u.s .", "operations have uncommitted lines of credit totaling $ 791 million of which $ 31 million was used as of december 31 , 2010 .", "these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees .", "short-term debt outstanding as of december 31 , 2010 and 2009 , was as follows : ( millions ) 2010 2009 20ac650 million revolving credit facility , 0.8% ( 0.8 % ) as of dec .", "31 , 2009 $ 2014 $ 110 other , weighted average 3.39% ( 3.39 % ) as of dec .", "31 , 2010 and 2.2% ( 2.2 % ) as of december 31 , 2009 24 158 total $ 24 $ 268 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures .", "the company 2019s revolving credit agreements include a financial ratio covenant .", "the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "as of december 31 , 2010 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions .", "those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements .", "none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates .", "interest payments in 2010 , 2009 and 2008 totaled $ 189 million , $ 201 million and $ 228 million , respectively .", "2010 ppg annual report and form 10-k 43 ." ]

[ "notes to the consolidated financial statements the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement .", "additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum .", "the applicable interest rate and the commitment fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc .", "for the company 2019s non-credit enhanced , long- term , senior , unsecured debt .", "the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets .", "the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of sixty percent or less .", "the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency .", "there were no amounts outstanding under the credit agreement at december 31 , on november 12 , 2010 , ppg completed a public offering of $ 250 million in aggregate principal amount of its 1.900% ( 1.900 % ) notes due 2016 ( the 201c2016 notes 201d ) , $ 500 million in aggregate principal amount of its 3.600% ( 3.600 % ) notes due 2020 ( the 201c2020 notes 201d ) and $ 250 million in aggregate principal amount of its 5.500% ( 5.500 % ) notes due 2040 ( the 201c2040 notes 201d ) .", "these notes were issued pursuant to an indenture dated as of march 18 , 2008 ( the 201coriginal indenture 201d ) between the company and the bank of new york mellon trust company , n.a. , as trustee ( the 201ctrustee 201d ) , as supplemented by a first supplemental indenture dated as of march 18 , 2008 between the company and the trustee ( the 201cfirst supplemental indenture 201d ) and a second supplemental indenture dated as of november 12 , 2010 between the company and the trustee ( the 201csecond supplemental indenture 201d and , together with the original indenture and the first supplemental indenture , the 201cindenture 201d ) .", "the company may issue additional debt from time to time pursuant to the original indenture .", "the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets .", "the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the second supplemental indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest .", "cash proceeds from this notes offering was $ 983 million ( net of discount and issuance costs ) .", "the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes .", "ppg 2019s non-u.s .", "operations have uncommitted lines of credit totaling $ 791 million of which $ 31 million was used as of december 31 , 2010 .", "these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees .", "short-term debt outstanding as of december 31 , 2010 and 2009 , was as follows : ( millions ) 2010 2009 20ac650 million revolving credit facility , 0.8% ( 0.8 % ) as of dec .", "31 , 2009 $ 2014 $ 110 other , weighted average 3.39% ( 3.39 % ) as of dec .", "31 , 2010 and 2.2% ( 2.2 % ) as of december 31 , 2009 24 158 total $ 24 $ 268 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures .", "the company 2019s revolving credit agreements include a financial ratio covenant .", "the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "as of december 31 , 2010 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .", "additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions .", "those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements .", "none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates .", "interest payments in 2010 , 2009 and 2008 totaled $ 189 million , $ 201 million and $ 228 million , respectively .", "2010 ppg annual report and form 10-k 43 ." ]

[ [ "<i>(Millions)</i>", "2010", "2009" ], [ "€650 million revolving credit facility, 0.8% as of Dec. 31, 2009", "$—", "$110" ], [ "Other, weighted average 3.39% as of Dec. 31, 2010 and 2.2% as of December 31, 2009", "24", "158" ], [ "<i></i> <i>Total</i>", "$24", "$268" ] ]

[ [ "( millions )", "2010", "2009" ], [ "20ac650 million revolving credit facility 0.8% ( 0.8 % ) as of dec . 31 2009", "$ 2014", "$ 110" ], [ "other weighted average 3.39% ( 3.39 % ) as of dec . 31 2010 and 2.2% ( 2.2 % ) as of december 31 2009", "24", "158" ], [ "total", "$ 24", "$ 268" ] ]

[]

[ "22 2016 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2016 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: ." ]

[ "this comparison assumes $ 100 was invested on june 30 , 2011 , and assumes reinvestments of dividends .", "total returns are calculated according to market capitalization of peer group members at the beginning of each period .", "peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses .", "companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. .", "heartland payment systems , inc .", "was removed from the peer group as it merged with global payments , inc .", "in april 2016. ." ]

[ [ "", "2011", "2012", "2013", "2014", "2015", "2016" ], [ "JKHY", "100.00", "116.62", "161.33", "206.53", "228.24", "312.11" ], [ "Peer Group", "100.00", "107.65", "126.89", "174.28", "219.46", "251.24" ], [ "S&P 500", "100.00", "105.45", "127.17", "158.46", "170.22", "177.02" ] ]

[ [ "", "2011", "2012", "2013", "2014", "2015", "2016" ], [ "jkhy", "100.00", "116.62", "161.33", "206.53", "228.24", "312.11" ], [ "peer group", "100.00", "107.65", "126.89", "174.28", "219.46", "251.24" ], [ "s&p 500", "100.00", "105.45", "127.17", "158.46", "170.22", "177.02" ] ]

[]

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

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

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

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

[ { "arg1": "9", "arg2": "10", "op": "add2-1", "res": "19" }, { "arg1": "#0", "arg2": "15", "op": "add2-2", "res": "34" }, { "arg1": "#1", "arg2": "const_3", "op": "divide2-3", "res": "11.3" } ]

[ "cash flows from operating activities can fluctuate significantly from period to period , as pension funding decisions , tax timing differences and other items can significantly impact cash flows .", "in both 2007 and 2006 , the company made discretionary contributions of $ 200 million to its u.s .", "qualified pension plan , and in 2005 made discretionary contributions totaling $ 500 million .", "in 2007 , cash flows provided by operating activities increased $ 436 million , including an increase in net income of $ 245 million .", "since the gain from sale of businesses is included in and increases net income , the pre-tax gain from the sale of the businesses must be subtracted , as shown above , to properly reflect operating cash flows .", "the cash proceeds from the sale of the pharmaceuticals business are shown as part of cash from investing activities ; however , when the related taxes are paid they are required to be shown as part of cash provided by operating activities .", "thus , operating cash flows for 2007 were penalized due to cash income tax payments of approximately $ 630 million in 2007 that related to the sale of the global branded pharmaceuticals business .", "non-pharmaceutical related cash income tax payments were approximately $ 475 million lower than 2006 due to normal timing differences in tax payments , which benefited cash flows .", "accounts receivable and inventory increases reduced cash flows in 2007 , but decreased cash flow less than in 2006 , resulting in a year-on-year benefit to cash flows of $ 323 million .", "the category 201cother-net 201d in the preceding table reflects changes in other asset and liability accounts , including the impact of cash payments made in connection with 3m 2019s restructuring actions ( note 4 ) .", "in 2006 , cash flows provided by operating activities decreased $ 365 million .", "this decrease was due in large part to an increase of approximately $ 600 million in tax payments in 2006 compared with 2005 .", "the higher tax payments in 2006 primarily related to the company 2019s repatriation of $ 1.7 billion of foreign earnings in the united states pursuant to the provisions of the american jobs creation act of 2004 .", "the category 201cother-net 201d in the preceding table reflects changes in other asset and liability accounts , including outstanding liabilities at december 31 , 2006 , related to 3m 2019s restructuring actions ( note 4 ) .", "cash flows from investing activities : years ended december 31 ." ]

[ "investments in property , plant and equipment enable growth in diverse markets , helping to meet product demand and increasing manufacturing efficiency .", "in 2007 , numerous plants were opened or expanded internationally .", "this included two facilities in korea ( respirator manufacturing facility and optical plant ) , an optical plant in poland , industrial adhesives/tapes facilities in both brazil and the philippines , a plant in russia ( corrosion protection , industrial adhesive and tapes , and respirators ) , a plant in china ( optical systems , industrial adhesives and tapes , and personal care ) , an expansion in canada ( construction and home improvement business ) , in addition to investments in india , mexico and other countries .", "in addition , 3m expanded manufacturing capabilities in the u.s. , including investments in industrial adhesives/tapes and optical .", "3m also exited several high-cost underutilized manufacturing facilities and streamlined several supply chains by relocating equipment from one facility to another .", "the streamlining work has primarily occurred inside the u.s .", "and is in addition to the streamlining achieved through plant construction .", "as a result of this increased activity , capital expenditures were $ 1.422 billion in 2007 , an increase of $ 254 million when compared to 2006 .", "the company expects capital expenditures to total approximately $ 1.3 billion to $ 1.4 billion in 2008 .", "refer to the preceding 201ccapital spending/net property , plant and equipment 201d section for more detail .", "refer to note 2 for information on 2007 , 2006 and 2005 acquisitions .", "note 2 also provides information on the proceeds from the sale of businesses .", "the company is actively considering additional acquisitions , investments and strategic alliances , and from time to time may also divest certain businesses .", "purchases of marketable securities and investments and proceeds from sale ( or maturities ) of marketable securities and investments are primarily attributable to asset-backed securities , agency securities , corporate medium-term note securities , auction rate securities and other securities , which are classified as available-for-sale .", "refer to note 9 for more details about 3m 2019s diversified marketable securities portfolio , which totaled $ 1.059 billion as of december 31 , 2007 .", "purchases of marketable securities , net of sales and maturities , totaled $ 429 million for 2007 and $ 637 million for 2006 .", "purchases of investments in 2005 include the purchase of 19% ( 19 % ) of ti&m beteiligungsgesellschaft mbh for ." ]

[ [ "(Millions)", "2007", "2006", "2005" ], [ "Purchases of property, plant and equipment (PP&E)", "$(1,422)", "$(1,168)", "$(943)" ], [ "Proceeds from sale of PP&E and other assets", "103", "49", "41" ], [ "Acquisitions, net of cash acquired", "(539)", "(888)", "(1,293)" ], [ "Proceeds from sale of businesses", "897", "1,209", "—" ], [ "Purchases and proceeds from sale or maturities of marketable securities and investments — net", "(406)", "(662)", "(46)" ], [ "Net cash used in investing activities", "$(1,367)", "$(1,460)", "$(2,241)" ] ]

[ [ "( millions )", "2007", "2006", "2005" ], [ "purchases of property plant and equipment ( pp&e )", "$ -1422 ( 1422 )", "$ -1168 ( 1168 )", "$ -943 ( 943 )" ], [ "proceeds from sale of pp&e and other assets", "103", "49", "41" ], [ "acquisitions net of cash acquired", "-539 ( 539 )", "-888 ( 888 )", "-1293 ( 1293 )" ], [ "proceeds from sale of businesses", "897", "1209", "2014" ], [ "purchases and proceeds from sale or maturities of marketable securities and investments 2014 net", "-406 ( 406 )", "-662 ( 662 )", "-46 ( 46 )" ], [ "net cash used in investing activities", "$ -1367 ( 1367 )", "$ -1460 ( 1460 )", "$ -2241 ( 2241 )" ] ]

[]

[ "asian industrial packaging net sales for 2007 were $ 265 million compared with $ 180 million in 2006 .", "in 2005 , net sales were $ 105 million sub- sequent to international paper 2019s acquisition of a majority interest in this business in august 2005 .", "operating profits totaled $ 6 million in 2007 and $ 3 million in 2006 , compared with a loss of $ 4 million in consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .", "in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .", "consumer packaging net sales increased 12% ( 12 % ) compared with 2006 and 24% ( 24 % ) compared with 2005 .", "operating profits rose 15% ( 15 % ) from 2006 and 24% ( 24 % ) from 2005 levels .", "benefits from improved average sales price realizations ( $ 52 million ) , higher sales volumes for u.s .", "and european coated paperboard ( $ 9 million ) , favorable mill operations ( $ 14 million ) and contributions from international paper & sun cartonboard co. , ltd .", "acquired in 2006 ( $ 16 million ) , were partially offset by higher raw material and energy costs ( $ 53 million ) , an unfavorable mix of products sold ( $ 4 million ) , increased freight costs ( $ 5 million ) and other costs ( $ 3 million ) .", "consumer packaging in millions 2007 2006 2005 ." ]

[ "north american consumer packaging net sales were $ 2.4 billion in both 2007 and 2006 com- pared with $ 2.2 billion in 2005 .", "operating earnings of $ 143 million in 2007 improved from $ 129 million in 2006 and $ 121 million in 2005 .", "coated paperboard sales volumes increased in 2007 compared with 2006 , particularly for folding carton board , reflecting improved demand .", "average sales price realizations substantially improved in 2007 for both folding carton board and cup stock .", "the impact of the higher sales prices combined with improved manufacturing performance at our mills more than offset the negative effects of higher wood and energy costs .", "foodservice sales volumes were slightly higher in 2007 than in 2006 .", "average sales prices were also higher reflecting the realization of price increases implemented to recover raw material cost increases .", "in addition , a more favorable mix of hot cups and food containers led to higher average margins .", "raw material costs for bleached board and polystyrene were higher than in 2006 , but these increases were partially offset by improved manufacturing costs reflecting increased productivity and reduced waste .", "shorewood sales volumes in 2007 declined from 2006 levels due to weak demand in the home enter- tainment , tobacco and display markets , although demand was stronger in the consumer products segment .", "sales margins declined from 2006 reflect- ing a less favorable mix of products sold .", "raw material costs were higher for bleached board , but this impact was more than offset by improved manufacturing operations and lower operating costs .", "charges to restructure operations also impacted 2007 results .", "entering 2008 , coated paperboard sales volumes are expected to be about even with the fourth quarter of 2007 , while average sales price realizations are expected to slightly improve .", "earnings should bene- fit from fewer planned mill maintenance outages compared with the 2007 fourth quarter .", "however , costs for wood , polyethylene and energy are expected to be higher .", "foodservice results are expected to benefit from increased sales volumes and higher sales price realizations .", "shorewood sales volumes for the first quarter 2008 are expected to seasonally decline , but this negative impact should be partially offset by benefits from cost improve- ments associated with prior-year restructuring actions .", "european consumer packaging net sales in 2007 were $ 280 million compared with $ 230 million in 2006 and $ 190 million in 2005 .", "sales volumes in 2007 were higher than in 2006 reflecting stronger market demand and improved productivity at our kwidzyn mill .", "average sales price realizations also improved in 2007 .", "operating earnings in 2007 of $ 37 million declined from $ 41 million in 2006 and $ 39 million in 2005 .", "the additional contribution from higher net sales was more than offset by higher input costs for wood , energy and freight .", "entering 2008 , sales volumes and prices are expected to be comparable to the fourth quarter .", "machine performance and sales mix are expected to improve ; however , wood costs are expected to be higher , especially in russia due to strong demand ahead of tariff increases , and energy costs are anticipated to be seasonally higher. ." ]

[ [ "<i>In millions</i>", "2007", "2006", "2005" ], [ "Sales", "$3,015", "$2,685", "$2,435" ], [ "Operating Profit", "$198", "$172", "$160" ] ]

[ [ "in millions", "2007", "2006", "2005" ], [ "sales", "$ 3015", "$ 2685", "$ 2435" ], [ "operating profit", "$ 198", "$ 172", "$ 160" ] ]

[ { "arg1": "37", "arg2": "41", "op": "minus2-1", "res": "-4" }, { "arg1": "#0", "arg2": "41", "op": "divide2-2", "res": "-9.8%" } ]

[ "82 | 2017 form 10-k a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions , including positions impacting only the timing of tax benefits , follows .", "reconciliation of unrecognized tax benefits:1 years a0ended a0december a031 ." ]

[ "1 foreign currency impacts are included within each line as applicable .", "2 includes cash payment or other reduction of assets to settle liability .", "we classify interest and penalties on income taxes as a component of the provision for income taxes .", "we recognized a net provision for interest and penalties of $ 38 million , $ 34 million and $ 20 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively .", "the total amount of interest and penalties accrued was $ 157 million and $ 120 million as of december a031 , 2017 and 2016 , respectively .", "on january 31 , 2018 , we received a revenue agent 2019s report from the irs indicating the end of the field examination of our u.s .", "income tax returns for 2010 to 2012 .", "in the audits of 2007 to 2012 including the impact of a loss carryback to 2005 , the irs has proposed to tax in the united states profits earned from certain parts transactions by csarl , based on the irs examination team 2019s application of the 201csubstance-over-form 201d or 201cassignment-of-income 201d judicial doctrines .", "we are vigorously contesting the proposed increases to tax and penalties for these years of approximately $ 2.3 billion .", "we believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines .", "we have filed u.s .", "income tax returns on this same basis for years after 2012 .", "based on the information currently available , we do not anticipate a significant increase or decrease to our unrecognized tax benefits for this matter within the next 12 months .", "we currently believe the ultimate disposition of this matter will not have a material adverse effect on our consolidated financial position , liquidity or results of operations .", "with the exception of a loss carryback to 2005 , tax years prior to 2007 are generally no longer subject to u.s .", "tax assessment .", "in our major non-u.s .", "jurisdictions including australia , brazil , china , germany , japan , mexico , switzerland , singapore and the u.k. , tax years are typically subject to examination for three to ten years .", "due to the uncertainty related to the timing and potential outcome of audits , we cannot estimate the range of reasonably possible change in unrecognized tax benefits in the next 12 months. ." ]

[ [ "", "Years ended December 31," ], [ "(Millions of dollars)", "2017", "2016" ], [ "Balance at January 1,", "$1,032", "$968" ], [ "Additions for tax positions related to current year", "270", "73" ], [ "Additions for tax positions related to prior years", "20", "55" ], [ "Reductions for tax positions related to prior years", "(27)", "(36)" ], [ "Reductions for settlements²", "(9)", "(24)" ], [ "Reductions for expiration of statute of limitations", "—", "(4)" ], [ "Balance at December 31,", "$1,286", "$1,032" ], [ "Amount that, if recognized, would impact the effective tax rate", "$1,209", "$963" ] ]

[ [ "( millions of dollars )", "years ended december 31 , 2017", "years ended december 31 , 2016" ], [ "balance at january 1,", "$ 1032", "$ 968" ], [ "additions for tax positions related to current year", "270", "73" ], [ "additions for tax positions related to prior years", "20", "55" ], [ "reductions for tax positions related to prior years", "-27 ( 27 )", "-36 ( 36 )" ], [ "reductions for settlements2", "-9 ( 9 )", "-24 ( 24 )" ], [ "reductions for expiration of statute of limitations", "2014", "-4 ( 4 )" ], [ "balance at december 31,", "$ 1286", "$ 1032" ], [ "amount that if recognized would impact the effective tax rate", "$ 1209", "$ 963" ] ]

[ { "arg1": "38", "arg2": "34", "op": "minus1-1", "res": "4" }, { "arg1": "#0", "arg2": "34", "op": "divide1-2", "res": "11.8%" } ]

[ "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 % )" ] ]

[]

[ "item 7 .", "management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe .", "our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis .", "2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil .", "2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in e.g .", "certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward- looking statements concerning trends or events potentially affecting our business .", "these statements typically contain words such as \"anticipates\" \"believes\" \"estimates\" \"expects\" \"targets\" \"plans\" \"projects\" \"could\" \"may\" \"should\" \"would\" or similar words indicating that future outcomes are uncertain .", "in accordance with \"safe harbor\" provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements .", "for additional risk factors affecting our business , see item 1a .", "risk factors in this annual report on form 10-k .", "management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 .", "business , item 1a .", "risk factors and item 8 .", "financial statements and supplementary data found in this annual report on form 10-k .", "spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc .", "marathon stockholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held .", "a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off .", "activities related to the downstream business have been treated as discontinued operations in 2011 and 2010 ( see item 8 .", "financial statements and supplementary data 2013 note 3 to the consolidated financial statements for additional information ) .", "overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows .", "the following table lists benchmark crude oil and natural gas price annual averages for the past three years. ." ]

[ "henry hub natural gas ( dollars per mmbtu ) ( a ) $ 2.79 $ 4.04 $ 4.39 ( a ) settlement date average .", "liquid hydrocarbon 2013 prices of crude oil have been volatile in recent years , but less so when comparing annual averages for 2012 and 2011 .", "in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti .", "the quality , location and composition of our liquid hydrocarbon production mix will cause our u.s .", "liquid hydrocarbon realizations to differ from the wti benchmark .", "in 2012 , 2011 and 2010 , the percentage of our u.s .", "crude oil and condensate production that was sour averaged 37 percent , 58 percent and 68 percent .", "sour crude contains more sulfur and tends to be heavier than light sweet crude oil so that refining it is more costly and produces lower value products ; therefore , sour crude is considered of lower quality and typically sells at a discount to wti .", "the percentage of our u.s .", "crude and condensate production that is sour has been decreasing as onshore production from the eagle ford and bakken shale plays increases and production from the gulf of mexico declines .", "in recent years , crude oil sold along the u.s .", "gulf coast has been priced at a premium to wti because the louisiana light sweet benchmark has been tracking brent , while production from inland areas farther from large refineries has been at a discount to wti .", "ngls were 10 percent , 7 percent and 6 percent of our u.s .", "liquid hydrocarbon sales in 2012 , 2011 and 2010 .", "in 2012 , our sales of ngls increased due to our development of u.s .", "unconventional liquids-rich plays. ." ]

[ [ "Benchmark", "2012", "2011", "2010" ], [ "WTI crude oil(Dollars per bbl)", "$94.15", "$95.11", "$79.61" ], [ "Brent (Europe) crude oil(Dollars per bbl)", "$111.65", "$111.26", "$79.51" ], [ "Henry Hub natural gas(Dollars per mmbtu)^(a)", "$2.79", "$4.04", "$4.39" ] ]

[ [ "benchmark", "2012", "2011", "2010" ], [ "wti crude oil ( dollars per bbl )", "$ 94.15", "$ 95.11", "$ 79.61" ], [ "brent ( europe ) crude oil ( dollars per bbl )", "$ 111.65", "$ 111.26", "$ 79.51" ], [ "henry hub natural gas ( dollars per mmbtu ) ( a )", "$ 2.79", "$ 4.04", "$ 4.39" ] ]

[ { "arg1": "111.65", "arg2": "79.51", "op": "minus2-1", "res": "32.14" }, { "arg1": "#0", "arg2": "79.51", "op": "divide2-2", "res": "40.4%" } ]

[ "entergy corporation and subsidiaries management's financial discussion and analysis net revenue 2004 compared to 2003 net revenue , which is entergy's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .", "following is an analysis of the change in net revenue comparing 2004 to 2003. ." ]

[ "the volume/weather variance resulted primarily from increased usage , partially offset by the effect of milder weather on sales during 2004 compared to 2003 .", "billed usage increased a total of 2261 gwh in the industrial and commercial sectors .", "the summer capacity charges variance was due to the amortization in 2003 at entergy gulf states and entergy louisiana of deferred capacity charges for the summer of 2001 .", "entergy gulf states' amortization began in june 2002 and ended in may 2003 .", "entergy louisiana's amortization began in august 2002 and ended in july 2003 .", "base rates increased net revenue due to a base rate increase at entergy new orleans that became effective in june 2003 .", "the deferred fuel cost revisions variance resulted primarily from a revision in 2003 to an unbilled sales pricing estimate to more closely align the fuel component of that pricing with expected recoverable fuel costs at entergy louisiana .", "deferred fuel cost revisions also decreased net revenue due to a revision in 2004 to the estimate of fuel costs filed for recovery at entergy arkansas in the march 2004 energy cost recovery rider .", "the price applied to unbilled sales variance resulted from a decrease in fuel price in 2004 caused primarily by the effect of nuclear plant outages in 2003 on average fuel costs .", "gross operating revenues and regulatory credits gross operating revenues include an increase in fuel cost recovery revenues of $ 475 million and $ 18 million in electric and gas sales , respectively , primarily due to higher fuel rates in 2004 resulting from increases in the market prices of purchased power and natural gas .", "as such , this revenue increase is offset by increased fuel and purchased power expenses .", "other regulatory credits increased primarily due to the following : 2022 cessation of the grand gulf accelerated recovery tariff that was suspended in july 2003 ; 2022 the amortization in 2003 of deferred capacity charges for summer 2001 power purchases at entergy gulf states and entergy louisiana ; 2022 the deferral in 2004 of $ 14.3 million of capacity charges related to generation resource planning as allowed by the lpsc ; 2022 the deferral in 2004 by entergy louisiana of $ 11.4 million related to the voluntary severance program , in accordance with a proposed stipulation entered into with the lpsc staff ; and ." ]

[ [ "", "(In Millions)" ], [ "2003 net revenue", "$4,214.5" ], [ "Volume/weather", "68.3" ], [ "Summer capacity charges", "17.4" ], [ "Base rates", "10.6" ], [ "Deferred fuel cost revisions", "(46.3)" ], [ "Price applied to unbilled sales", "(19.3)" ], [ "Other", "(1.2)" ], [ "2004 net revenue", "$4,244.0" ] ]

[ [ "", "( in millions )" ], [ "2003 net revenue", "$ 4214.5" ], [ "volume/weather", "68.3" ], [ "summer capacity charges", "17.4" ], [ "base rates", "10.6" ], [ "deferred fuel cost revisions", "-46.3 ( 46.3 )" ], [ "price applied to unbilled sales", "-19.3 ( 19.3 )" ], [ "other", "-1.2 ( 1.2 )" ], [ "2004 net revenue", "$ 4244.0" ] ]

[]

[ "five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 .", "the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2009 and that all dividends were reinvested .", "the information below is historical in nature and is not necessarily indicative of future performance .", "purchases of equity securities 2013 during 2014 , we repurchased 33035204 shares of our common stock at an average price of $ 100.24 .", "the following table presents common stock repurchases during each month for the fourth quarter of 2014 : 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 that may yet be purchased under the plan or program [b] ." ]

[ "[a] total number of shares purchased during the quarter includes approximately 15587 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 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 .", "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. ." ]

[ [ "<i>Period</i>", "<i>Total Number of</i><i>Shares</i><i>Purchased[a]</i>", "<i>Average</i><i>Price Paid</i><i>PerShare</i>", "<i>Total Number of Shares</i><i>Purchased as Part of a</i><i>Publicly Announced</i><i>Plan or Program [b]</i>", "<i>Maximum Number of</i><i>Shares That May Yet</i><i>Be Purchased Under the Plan</i><i>or Program [b]</i>" ], [ "Oct. 1 through Oct. 31", "3,087,549", "$107.59", "3,075,000", "92,618,000" ], [ "Nov. 1 through Nov. 30", "1,877,330", "119.84", "1,875,000", "90,743,000" ], [ "Dec. 1 through Dec. 31", "2,787,108", "116.54", "2,786,400", "87,956,600" ], [ "Total", "7,751,987", "$113.77", "7,736,400", "N/A" ] ]

[ [ "period", "total number ofsharespurchased[a]", "averageprice paidpershare", "total number of sharespurchased as part of apublicly announcedplan or program [b]", "maximum number ofshares that may yetbe purchased under the planor program [b]" ], [ "oct . 1 through oct . 31", "3087549", "$ 107.59", "3075000", "92618000" ], [ "nov . 1 through nov . 30", "1877330", "119.84", "1875000", "90743000" ], [ "dec . 1 through dec . 31", "2787108", "116.54", "2786400", "87956600" ], [ "total", "7751987", "$ 113.77", "7736400", "n/a" ] ]

[]

[ "decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .", "the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .", "aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .", "the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .", "the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .", "operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .", "adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .", "backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .", "trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .", "operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .", "information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .", "is&gs has a portfolio of many smaller contracts as compared to our other business segments .", "is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .", "is&gs 2019 operating results included the following ( in millions ) : ." ]

[ "2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .", "the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .", "the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. ." ]

[ [ "", "2014", "2013", "2012" ], [ "Net sales", "$7,788", "$8,367", "$8,846" ], [ "Operating profit", "699", "759", "808" ], [ "Operating margins", "9.0%", "9.1%", "9.1%" ], [ "Backlog at year-end", "$8,700", "$8,300", "$8,700" ] ]

[ [ "", "2014", "2013", "2012" ], [ "net sales", "$ 7788", "$ 8367", "$ 8846" ], [ "operating profit", "699", "759", "808" ], [ "operating margins", "9.0% ( 9.0 % )", "9.1% ( 9.1 % )", "9.1% ( 9.1 % )" ], [ "backlog at year-end", "$ 8700", "$ 8300", "$ 8700" ] ]

[ { "arg1": "759", "arg2": "808", "op": "minus2-1", "res": "-49" }, { "arg1": "#0", "arg2": "808", "op": "divide2-2", "res": "-6.1%" } ]

[ "sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from blackrock solutions and advisory products and services , other revenue and distribution fees .", "blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments .", "for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing .", "cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year .", "cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2016 were $ 58 million and primarily reflected $ 384 million of investment purchases , $ 119 million of purchases of property and equipment and $ 30 million related to an acquisition , partially offset by $ 441 million of net proceeds from sales and maturities of certain investments .", "cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2016 were $ 2831 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 274 million of employee tax withholdings related to employee stock transactions and $ 1.5 billion of cash dividend payments , partially offset by $ 82 million of excess tax benefits from vested stock-based compensation awards .", "the company manages its financial condition and funding to maintain appropriate liquidity for the business .", "liquidity resources at december 31 , 2016 and 2015 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6091 $ 6083 cash and cash equivalents held by consolidated vres ( 2 ) ( 53 ) ( 100 ) ." ]

[ "total liquidity resources ( 3 ) $ 10038 $ 9983 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s .", "subsidiaries was approximately 50% ( 50 % ) at both december 31 , 2016 and 2015 .", "see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries .", "( 2 ) the company cannot readily access such cash to use in its operating activities .", "( 3 ) amounts do not reflect year-end incentive compensation accruals of approximately $ 1.3 billion and $ 1.5 billion for 2016 and 2015 , respectively , which were paid in the first quarter of the following year .", "total liquidity resources increased $ 55 million during 2016 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2015 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.5 billion .", "a significant portion of the company 2019s $ 2414 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash .", "share repurchases .", "the company repurchased 3.3 million common shares in open market-transactions under its share repurchase program for $ 1.1 billion during 2016 .", "at december 31 , 2016 , there were 3 million shares still authorized to be repurchased .", "in january 2017 , the board of directors approved an increase in the shares that may be repurchased under the company 2019s existing share repurchase program to allow for the repurchase of an additional 6 million shares for a total up to 9 million shares of blackrock common stock .", "net capital requirements .", "the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions .", "as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents .", "additionally , transfers of cash between international jurisdictions , including repatriation to the united states , may have adverse tax consequences that could discourage such transfers .", "blackrock institutional trust company , n.a .", "( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities .", "btc provides investment management services , including investment advisory and securities lending agency services , to institutional investors and other clients .", "btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency .", "at december 31 , 2016 and 2015 , the company was required to maintain approximately $ 1.4 billion and $ 1.1 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers .", "the company was in compliance with all applicable regulatory net capital requirements .", "undistributed earnings of foreign subsidiaries .", "as of december 31 , 2016 , the company has not provided for u.s .", "federal and state income taxes on approximately $ 5.3 billion of undistributed earnings of its foreign subsidiaries .", "such earnings are considered indefinitely reinvested outside the united states .", "the company 2019s current plans do not demonstrate a need to repatriate these funds .", "short-term borrowings 2016 revolving credit facility .", "the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2016 to extend the maturity date to march 2021 ( the 201c2016 credit facility 201d ) .", "the 2016 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2016 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .", "interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .", "the 2016 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to ." ]

[ [ "(in millions)", "December 31, 2016", "December 31, 2015" ], [ "Cash and cash equivalents⁽¹⁾", "$6,091", "$6,083" ], [ "Cash and cash equivalents held by consolidated VREs⁽²⁾", "(53)", "(100)" ], [ "Subtotal", "6,038", "5,983" ], [ "Credit facility — undrawn", "4,000", "4,000" ], [ "Total liquidity resources⁽³⁾", "$10,038", "$9,983" ] ]

[ [ "( in millions )", "december 31 2016", "december 31 2015" ], [ "cash and cash equivalents ( 1 )", "$ 6091", "$ 6083" ], [ "cash and cash equivalents held by consolidated vres ( 2 )", "-53 ( 53 )", "-100 ( 100 )" ], [ "subtotal", "6038", "5983" ], [ "credit facility 2014 undrawn", "4000", "4000" ], [ "total liquidity resources ( 3 )", "$ 10038", "$ 9983" ] ]

[ { "arg1": "10038", "arg2": "9983", "op": "minus1-1", "res": "55" }, { "arg1": "#0", "arg2": "9983", "op": "divide1-2", "res": "0.6%" } ]

[ "reduced administrative expense .", "in connection with this project , we eliminated 749 positions .", "we incurred $ 54.7 million of net expenses , most of which was cash .", "we recorded $ 0.4 million of restructuring charges relating to this action in fiscal 2018 , restructuring charges were reduced by $ 0.4 million in fiscal 2017 , and we incurred $ 54.7 million of restructuring charges in fiscal 2016 .", "this action was completed in fiscal 2018 .", "in fiscal 2015 , we announced project century ( century ) which initially involved a review of our north american manufacturing and distribution network to streamline operations and identify potential capacity reductions .", "in fiscal 2016 , we broadened the scope of century to identify opportunities to streamline our supply chain outside of north america .", "as part of century , in the second quarter of fiscal 2016 , we approved a restructuring plan to close manufacturing facilities in our europe & australia segment supply chain located in berwick , united kingdom and east tamaki , new zealand .", "these actions affected 287 positions and we incurred $ 31.8 million of net expenses related to these actions , of which $ 12 million was cash .", "we recorded $ 1.8 million of restructuring charges relating to these actions in fiscal 2017 and $ 30.0 million in fiscal 2016 .", "these actions were completed in fiscal 2017 .", "as part of century , in the first quarter of fiscal 2016 , we approved a restructuring plan to close our west chicago , illinois cereal and dry dinner manufacturing plant in our north america retail segment supply chain .", "this action affected 484 positions , and we incurred $ 109.3 million of net expenses relating to this action , of which $ 21 million was cash .", "we recorded $ 6.9 million of restructuring charges relating to this action in fiscal 2018 , $ 23.2 million in fiscal 2017 and $ 79.2 million in fiscal 2016 .", "this action was completed in fiscal 2018 .", "as part of century , in the first quarter of fiscal 2016 , we approved a restructuring plan to close our joplin , missouri snacks plant in our north america retail segment supply chain .", "this action affected 125 positions , and we incurred $ 8.0 million of net expenses relating to this action , of which less than $ 1 million was cash .", "we recorded $ 1.4 million of restructuring charges relating to this action in fiscal 2018 , $ 0.3 million in fiscal 2017 , and $ 6.3 million in fiscal 2016 .", "this action was completed in fiscal 2018 .", "we paid cash related to restructuring initiatives of $ 53.6 million in fiscal 2018 , $ 107.8 million in fiscal 2017 , and $ 122.6 million in fiscal 2016 .", "in addition to restructuring charges , we expect to incur approximately $ 130 million of project-related costs , which will be recorded in cost of sales , all of which will be cash .", "we recorded project-related costs in cost of sales of $ 11.3 million in fiscal 2018 , $ 43.9 million in fiscal 2017 , and $ 57.5 million in fiscal 2016 .", "we paid cash for project-related costs of $ 10.9 million in fiscal 2018 , $ 46.9 million in fiscal 2017 , and $ 54.5 million in fiscal 2016 .", "we expect these activities to be completed in fiscal 2019 .", "restructuring charges and project-related costs are classified in our consolidated statements of earnings as follows: ." ]

[ "." ]

[ [ "", "Fiscal" ], [ "In Millions", "2018", "2017", "2016" ], [ "Cost of sales", "$14.0", "$41.5", "$78.4" ], [ "Restructuring, impairment, and other exit costs", "68.7", "182.6", "151.4" ], [ "Total restructuring charges", "82.7", "224.1", "229.8" ], [ "Project-related costs classified in cost ofsales", "$11.3", "$43.9", "$57.5" ] ]

[ [ "in millions", "fiscal 2018", "fiscal 2017", "fiscal 2016" ], [ "cost of sales", "$ 14.0", "$ 41.5", "$ 78.4" ], [ "restructuring impairment and other exit costs", "68.7", "182.6", "151.4" ], [ "total restructuring charges", "82.7", "224.1", "229.8" ], [ "project-related costs classified in cost ofsales", "$ 11.3", "$ 43.9", "$ 57.5" ] ]

[ { "arg1": "82.7", "arg2": "224.1", "op": "add1-1", "res": "306.80" }, { "arg1": "#0", "arg2": "229.8", "op": "add1-2", "res": "536.60" } ]

[ "have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets .", "at december 31 , 2009 , we had a working capital surplus of approximately $ 1.0 billion , which reflects our decision to maintain additional cash reserves to enhance liquidity in response to difficult economic conditions .", "at december 31 , 2008 , we had a working capital deficit of approximately $ 100 million .", "historically , we have had a working capital deficit , which is common in our industry and does not indicate a lack of liquidity .", "we maintain adequate resources and , when necessary , have access to capital to meet any daily and short-term cash requirements , and we have sufficient financial capacity to satisfy our current liabilities .", "cash flows millions of dollars 2009 2008 2007 ." ]

[ "operating activities lower net income in 2009 , a reduction of $ 184 million in the outstanding balance of our accounts receivable securitization program , higher pension contributions of $ 72 million , and changes to working capital combined to decrease cash provided by operating activities compared to 2008 .", "higher net income and changes in working capital combined to increase cash provided by operating activities in 2008 compared to 2007 .", "in addition , accelerated tax deductions enacted in 2008 on certain new operating assets resulted in lower income tax payments in 2008 versus 2007 .", "voluntary pension contributions in 2008 totaling $ 200 million and other pension contributions of $ 8 million partially offset the year-over-year increase versus 2007 .", "investing activities lower capital investments and higher proceeds from asset sales drove the decrease in cash used in investing activities in 2009 versus 2008 .", "increased capital investments and lower proceeds from asset sales drove the increase in cash used in investing activities in 2008 compared to 2007. ." ]

[ [ "<i>Millions of Dollars</i>", "<i>2009</i>", "2008", "2007" ], [ "Cash provided by operating activities", "$3,234", "$4,070", "$3,277" ], [ "Cash used in investing activities", "(2,175)", "(2,764)", "(2,426)" ], [ "Cash used in financing activities", "(458)", "(935)", "(800)" ], [ "Net change in cash and cash equivalents", "$601", "$371", "$51" ] ]

[ [ "millions of dollars", "2009", "2008", "2007" ], [ "cash provided by operating activities", "$ 3234", "$ 4070", "$ 3277" ], [ "cash used in investing activities", "-2175 ( 2175 )", "-2764 ( 2764 )", "-2426 ( 2426 )" ], [ "cash used in financing activities", "-458 ( 458 )", "-935 ( 935 )", "-800 ( 800 )" ], [ "net change in cash and cash equivalents", "$ 601", "$ 371", "$ 51" ] ]

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[ "n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s restricted stock for the years ended december 31 , 2008 , 2007 , and 2006 : number of restricted stock weighted average grant- date fair value ." ]

[ "under the provisions of fas 123r , the recognition of deferred compensation , a contra-equity account representing the amount of unrecognized restricted stock expense that is reduced as expense is recognized , at the date restricted stock is granted is no longer permitted .", "therefore , upon adoption of fas 123r , the amount of deferred compensation that had been reflected in unearned stock grant compensation was reclassified to additional paid-in capital in the company 2019s consolidated balance sheet .", "restricted stock units the company 2019s 2004 ltip also provides for grants of other awards , including restricted stock units .", "the company generally grants restricted stock units with a 4-year vesting period , based on a graded vesting schedule .", "each restricted stock unit repre- sents the company 2019s obligation to deliver to the holder one share of common shares upon vesting .", "during 2008 , the company awarded 223588 restricted stock units to officers of the company and its subsidiaries with a weighted-average grant date fair value of $ 59.93 .", "during 2007 , 108870 restricted stock units , with a weighted-average grant date fair value of $ 56.29 were awarded to officers of the company and its subsidiaries .", "during 2006 , 83370 restricted stock units , with a weighted-average grant date fair value of $ 56.36 were awarded to officers of the company and its subsidiaries .", "the company also grants restricted stock units with a 1-year vesting period to non-management directors .", "delivery of common shares on account of these restricted stock units to non-management directors is deferred until six months after the date of the non-management directors 2019 termination from the board .", "during 2008 , 2007 , and 2006 , 40362 restricted stock units , 29676 restricted stock units , and 23092 restricted stock units , respectively , were awarded to non-management direc- the espp gives participating employees the right to purchase common shares through payroll deductions during consecutive 201csubscription periods . 201d annual purchases by participants are limited to the number of whole shares that can be purchased by an amount equal to ten percent of the participant 2019s compensation or $ 25000 , whichever is less .", "the espp has two six-month subscription periods , the first of which runs between january 1 and june 30 and the second of which runs between july 1 and december 31 of each year .", "the amounts that have been collected from participants during a subscription period are used on the 201cexercise date 201d to purchase full shares of common shares .", "an exercise date is generally the last trading day of a sub- scription period .", "the number of shares purchased is equal to the total amount , as of the exercise date , that has been collected from the participants through payroll deductions for that subscription period , divided by the 201cpurchase price 201d , rounded down to the next full share .", "effective for and from the second subscription period of 2007 , the purchase price is 85 percent of the fair value of a common share on the exercise date .", "prior to the second subscription period of 2007 , the purchase price was calculated as the lower of ( i ) 85 percent of the fair value of a common share on the first day of the subscription period , or ." ]

[ [ "", "Number of Restricted Stock", "Weighted Average Grant- Date Fair Value" ], [ "Unvested restricted stock, December 31, 2005", "3,488,668", "$41.26" ], [ "Granted", "1,632,504", "$56.05" ], [ "Vested and issued", "(1,181,249)", "$40.20" ], [ "Forfeited", "(360,734)", "$44.04" ], [ "Unvested restricted stock, December 31, 2006", "3,579,189", "$48.07" ], [ "Granted", "1,818,716", "$56.45" ], [ "Vested and issued", "(1,345,412)", "$44.48" ], [ "Forfeited", "(230,786)", "$51.57" ], [ "Unvested restricted stock, December 31, 2007", "3,821,707", "$53.12" ], [ "Granted", "1,836,532", "$59.84" ], [ "Vested and issued", "(1,403,826)", "$50.96" ], [ "Forfeited", "(371,183)", "$53.75" ], [ "Unvested restricted stock, December 31, 2008", "3,883,230", "$57.01" ] ]

[ [ "", "number of restricted stock", "weighted average grant- date fair value" ], [ "unvested restricted stock december 31 2005", "3488668", "$ 41.26" ], [ "granted", "1632504", "$ 56.05" ], [ "vested and issued", "-1181249 ( 1181249 )", "$ 40.20" ], [ "forfeited", "-360734 ( 360734 )", "$ 44.04" ], [ "unvested restricted stock december 31 2006", "3579189", "$ 48.07" ], [ "granted", "1818716", "$ 56.45" ], [ "vested and issued", "-1345412 ( 1345412 )", "$ 44.48" ], [ "forfeited", "-230786 ( 230786 )", "$ 51.57" ], [ "unvested restricted stock december 31 2007", "3821707", "$ 53.12" ], [ "granted", "1836532", "$ 59.84" ], [ "vested and issued", "-1403826 ( 1403826 )", "$ 50.96" ], [ "forfeited", "-371183 ( 371183 )", "$ 53.75" ], [ "unvested restricted stock december 31 2008", "3883230", "$ 57.01" ] ]

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[ "table of contents ." ]

[ "the company issued 35000 , 115485 and 39900 performance-based restricted stock awards during 2016 , 2015 and 2014 , respectively .", "of the cumulative performance-based restricted stock awards issued , defined operating metrics were assigned to 63462 , 51795 and 20667 awards with grant-date fair values of $ 84.61 , $ 86.38 and $ 81.52 during 2016 , 2015 and 2014 , respectively .", "the grant-date fair value of the awards is being recorded from the grant date through the conclusion of the measurement period associated with each operating metric based on management's estimates concerning the probability of vesting .", "as of december 31 , 2016 , 7625 units of the total 2014 awards granted were earned and will be issued in 2017 .", "total compensation expense associated with the awards recorded for the years ended december 31 , 2016 , 2015 and 2014 was $ 0.4 million , $ 0.4 million and $ 0.1 million , respectively .", "in addition , in 2016 , 2015 and 2014 , the company granted restricted stock units of 488622 , 344500 and 364150 , respectively , that will vest over a three- or four-year period with weighted-average grant-date fair values of $ 88.51 , $ 86.34 and $ 82.13 , respectively .", "during 2016 and 2015 , 162019 and 85713 shares vested and were released , respectively .", "as of december 31 , 2016 , 2015 and 2014 , 838327 , 571462 and 344750 units were outstanding , respectively .", "total compensation expense is being recorded over the service period and was $ 19.1 million , $ 12.5 million and $ 5.8 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .", "in conjunction with a 2015 acquisition , ansys issued 68451 shares of replacement restricted stock with a weighted-average grant-date fair value of $ 90.48 .", "of the $ 6.2 million grant-date fair value , $ 3.5 million , related to partially vested awards , was recorded as non-cash purchase price consideration .", "the remaining fair value will be recognized as stock compensation expense through the conclusion of the service period .", "during the years ended december 31 , 2016 and 2015 , the company recorded $ 1.2 million and $ 0.6 million , respectively , of stock compensation expense related to these awards .", "in conjunction with a 2011 acquisition , the company granted performance-based restricted stock awards .", "vesting was determined based on the achievements of certain revenue and operating income targets of the entity post-acquisition .", "total compensation expense associated with the awards recorded for the year ended december 31 , 2014 was $ 4.7 million .", "the company has granted deferred stock awards to non-affiliate independent directors , which are rights to receive shares of common stock upon termination of service as a director .", "in 2015 and prior , the deferred stock awards were granted quarterly in arrears and vested immediately upon grant .", "associated with these awards , the company established a non-qualified 409 ( a ) deferred compensation plan with assets held under a rabbi trust to provide directors an opportunity to diversify their vested awards .", "during open trading windows and at their elective option , the directors may convert their company shares into a variety of non-company-stock investment options in order to diversify their holdings .", "as of december 31 , 2016 , 5000 shares have been diversified and 184099 undiversified deferred stock awards have vested with the underlying shares remaining unissued until the service termination of the respective director owners .", "in may 2016 , the company granted 38400 deferred stock awards which will vest in full on the one-year anniversary of the grant .", "total compensation expense associated with the awards recorded for the years ended december 31 , 2016 , 2015 and 2014 was $ 1.9 million , $ 4.0 million and $ 3.5 million , respectively. ." ]

[ [ "", "Year Ended December 31," ], [ "Assumptions used in Monte Carlo lattice pricing model", "2016", "2015", "2014" ], [ "Risk-free interest rate", "1.0%", "1.1%", "0.7%" ], [ "Expected dividend yield", "—%", "—%", "—%" ], [ "Expected volatility—ANSYS stock price", "21%", "23%", "25%" ], [ "Expected volatility—NASDAQ Composite Index", "16%", "14%", "15%" ], [ "Expected term", "2.8 years", "2.8 years", "2.8 years" ], [ "Correlation factor", "0.65", "0.60", "0.70" ] ]

[ [ "assumptions used in monte carlo lattice pricing model", "year ended december 31 , 2016", "year ended december 31 , 2015", "year ended december 31 , 2014" ], [ "risk-free interest rate", "1.0% ( 1.0 % )", "1.1% ( 1.1 % )", "0.7% ( 0.7 % )" ], [ "expected dividend yield", "2014% ( 2014 % )", "2014% ( 2014 % )", "2014% ( 2014 % )" ], [ "expected volatility 2014ansys stock price", "21% ( 21 % )", "23% ( 23 % )", "25% ( 25 % )" ], [ "expected volatility 2014nasdaq composite index", "16% ( 16 % )", "14% ( 14 % )", "15% ( 15 % )" ], [ "expected term", "2.8 years", "2.8 years", "2.8 years" ], [ "correlation factor", "0.65", "0.60", "0.70" ] ]

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[ "the analysis of our depreciation studies .", "changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively .", "under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized .", "the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies .", "the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes .", "because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate .", "in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies .", "any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets .", "for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies .", "a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations .", "when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use .", "however , many of our assets are self-constructed .", "a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects .", "costs that are directly attributable to capital projects ( including overhead costs ) are capitalized .", "direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment .", "indirect costs are capitalized if they clearly relate to the construction of the asset .", "general and administrative expenditures are expensed as incurred .", "normal repairs and maintenance , including rail grinding , are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized .", "these costs are allocated using appropriate statistical bases .", "total expense for repairs and maintenance incurred was $ 2.1 billion for 2012 , $ 2.2 billion for 2011 , and $ 2.0 billion for 2010 .", "assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .", "amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .", "12 .", "accounts payable and other current liabilities dec .", "31 , dec .", "31 , millions 2012 2011 ." ]

[ "." ]

[ [ "<i>Millions</i>", "<i>Dec. 31,</i> <i>2012</i>", "<i>Dec. 31,</i><i>2011</i>" ], [ "Accounts payable", "$825", "$819" ], [ "Accrued wages and vacation", "376", "363" ], [ "Income and other taxes", "368", "482" ], [ "Dividends payable", "318", "284" ], [ "Accrued casualty costs", "213", "249" ], [ "Interest payable", "172", "197" ], [ "Equipment rents payable", "95", "90" ], [ "Other", "556", "624" ], [ "Total accounts payable and othercurrent liabilities", "$2,923", "$3,108" ] ]

[ [ "millions", "dec . 31 2012", "dec . 312011" ], [ "accounts payable", "$ 825", "$ 819" ], [ "accrued wages and vacation", "376", "363" ], [ "income and other taxes", "368", "482" ], [ "dividends payable", "318", "284" ], [ "accrued casualty costs", "213", "249" ], [ "interest payable", "172", "197" ], [ "equipment rents payable", "95", "90" ], [ "other", "556", "624" ], [ "total accounts payable and othercurrent liabilities", "$ 2923", "$ 3108" ] ]

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

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

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

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

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[ "the company granted 1020 performance shares .", "the vesting of these shares is contingent on meeting stated goals over a performance period .", "beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .", "the following table summarizes restricted stock and performance shares activity for 2010 : number of shares weighted average grant date fair value ." ]

[ "the total fair value of restricted stock that vested during the years ended december 31 , 2010 , 2009 and 2008 , was $ 10.3 million , $ 6.2 million and $ 2.5 million , respectively .", "eligible employees may acquire shares of cme group 2019s class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .", "shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq .", "compensation expense is recognized on the dates of purchase for the discount from the closing price .", "in 2010 , 2009 and 2008 , a total of 4371 , 4402 and 5600 shares , respectively , of class a common stock were issued to participating employees .", "these shares are subject to a six-month holding period .", "annual expense of $ 0.1 million for the purchase discount was recognized in 2010 , 2009 and 2008 , respectively .", "non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .", "non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .", "as a result , 7470 , 11674 and 5509 shares of class a common stock were issued to non-executive directors during 2010 , 2009 and 2008 , respectively .", "these shares are not subject to any vesting restrictions .", "expense of $ 2.4 million , $ 2.5 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2010 , 2009 and 2008 , respectively. ." ]

[ [ "", "Number of Shares", "Weighted Average Grant Date Fair Value" ], [ "Outstanding at December 31, 2009", "116,677", "$280" ], [ "Granted", "134,245", "275" ], [ "Vested", "(34,630)", "257" ], [ "Cancelled", "(19,830)", "260" ], [ "Outstanding at December 31, 2010", "196,462", "283" ] ]

[ [ "", "number of shares", "weighted average grant date fair value" ], [ "outstanding at december 31 2009", "116677", "$ 280" ], [ "granted", "134245", "275" ], [ "vested", "-34630 ( 34630 )", "257" ], [ "cancelled", "-19830 ( 19830 )", "260" ], [ "outstanding at december 31 2010", "196462", "283" ] ]

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

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

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

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

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[ "the table below represents unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) : balance in accumulated other comprehensive loss ." ]

[ "note 9 2013 fair value measurements the company uses the fair value hierarchy , which prioritizes the inputs used to measure the fair value of certain of its financial instruments .", "the hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities ( level 1 measurement ) and the lowest priority to unobservable inputs ( level 3 measurement ) .", "the three levels of the fair value hierarchy are set forth below : 2022 level 1 2013 quoted prices are available in active markets for identical assets or liabilities as of the reporting date .", "active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis .", "2022 level 2 2013 pricing inputs are other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date .", "level 2 includes those financial instruments that are valued using models or other valuation methodologies .", "these models are primarily industry-standard models that consider various assumptions , including time value , volatility factors , and current market and contractual prices for the underlying instruments , as well as other relevant economic measures .", "substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument , can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace .", "2022 level 3 2013 pricing inputs include significant inputs that are generally less observable from objective sources .", "these inputs may be used with internally developed methodologies that result in management 2019s best estimate of fair value from the perspective of a market participant .", "the fair value of the interest rate swap transactions are based on the discounted net present value of the swap using third party quotes ( level 2 ) .", "changes in fair market value are recorded in other comprehensive income ( loss ) , and changes resulting from ineffectiveness are recorded in current earnings .", "assets and liabilities measured at fair value are based on one or more of three valuation techniques .", "the three valuation techniques are identified in the table below and are as follows : a ) market approach 2013 prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities b ) cost approach 2013 amount that would be required to replace the service capacity of an asset ( replacement cost ) c ) income approach 2013 techniques to convert future amounts to a single present amount based on market expectations ( including present value techniques , option-pricing and excess earnings models ) ." ]

[ [ "", "Balance in Accumulated Other Comprehensive Loss" ], [ "Contract Type", "2009", "2008" ], [ "Interest Rate Swaps", "$13,053", "$18,874" ] ]

[ [ "contract type", "balance in accumulated other comprehensive loss 2009", "balance in accumulated other comprehensive loss 2008" ], [ "interest rate swaps", "$ 13053", "$ 18874" ] ]

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[ "news corporation notes to the consolidated financial statements consideration over the fair value of the net tangible and intangible assets acquired was recorded as goodwill .", "the allocation is as follows ( in millions ) : assets acquired: ." ]

[ "the acquired intangible assets primarily relate to broadcast licenses , which have a fair value of approximately $ 185 million , tradenames , which have a fair value of approximately $ 27 million , and customer relationships with a fair value of approximately $ 8 million .", "the broadcast licenses and tradenames have indefinite lives and the customer relationships are being amortized over a weighted-average useful life of approximately 6 years .", "wireless group 2019s results are included within the news and information services segment , and it is considered a separate reporting unit for purposes of the company 2019s annual goodwill impairment review .", "rea group european business in december 2016 , rea group , in which the company holds a 61.6% ( 61.6 % ) interest , sold its european business for approximately $ 140 million ( approximately 20ac133 million ) in cash , which resulted in a pre-tax gain of $ 107 million for the fiscal year ended june 30 , 2017 .", "the sale allows rea group to focus on its core businesses in australia and asia .", "in addition to the acquisitions noted above and the investments referenced in note 6 2014investments , the company used $ 62 million of cash for additional acquisitions during fiscal 2017 , primarily consisting of australian regional media ( 201carm 201d ) .", "arm 2019s results are included within the news and information services segment .", "note 5 .", "restructuring programs the company recorded restructuring charges of $ 92 million , $ 71 million and $ 142 million for the fiscal years ended june 30 , 2019 , 2018 and 2017 , respectively , of which $ 77 million , $ 58 million and $ 133 million related to the news and information services segment , respectively .", "the restructuring charges recorded in fiscal 2019 , 2018 and 2017 were primarily for employee termination benefits. ." ]

[ [ "Intangible assets", "$220" ], [ "Goodwill", "115" ], [ "Net liabilities", "(50)" ], [ "Total net assets acquired", "$285" ] ]

[ [ "intangible assets", "$ 220" ], [ "goodwill", "115" ], [ "net liabilities", "-50 ( 50 )" ], [ "total net assets acquired", "$ 285" ] ]

[]

[ "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 21 , 2015 ( 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 2014 , our chief executive officer 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 201cexecutive compensation 201d section , the 201cnon- management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation and leadership talent 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 and ownership of common stock 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 , 2014 , 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 ) 123 weighted-average exercise price of outstanding stock options number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "15563666 9.70 41661517 equity compensation plans not approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "none 1 included a total of 5866475 performance-based share awards made under the 2009 and 2014 performance incentive plans representing the target number of shares of common stock to be issued to employees following the completion of the 2012-2014 performance period ( the 201c2014 ltip share awards 201d ) , the 2013-2015 performance period ( the 201c2015 ltip share awards 201d ) and the 2014-2016 performance period ( the 201c2016 ltip share awards 201d ) , respectively .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2014 ltip share awards , the 2015 ltip share awards or the 2016 ltip share awards into account .", "2 included a total of 98877 restricted share units and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares of common stock 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 ipg has issued restricted cash awards ( 201cperformance cash awards 201d ) , half of which shall be settled in shares of common stock and half of which shall be settled in cash .", "using the 2014 closing stock price of $ 20.77 , the awards which shall be settled in shares of common stock represent rights to an additional 2721405 shares .", "these shares are not included in the table above .", "4 included ( i ) 29045044 shares of common stock available for issuance under the 2014 performance incentive plan , ( ii ) 12181214 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 435259 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan. ." ]

[ "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 21 , 2015 ( 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 2014 , our chief executive officer 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 201cexecutive compensation 201d section , the 201cnon- management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation and leadership talent 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 and ownership of common stock 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 , 2014 , 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 ) 123 weighted-average exercise price of outstanding stock options number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "15563666 9.70 41661517 equity compensation plans not approved by security holders .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "none 1 included a total of 5866475 performance-based share awards made under the 2009 and 2014 performance incentive plans representing the target number of shares of common stock to be issued to employees following the completion of the 2012-2014 performance period ( the 201c2014 ltip share awards 201d ) , the 2013-2015 performance period ( the 201c2015 ltip share awards 201d ) and the 2014-2016 performance period ( the 201c2016 ltip share awards 201d ) , respectively .", "the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2014 ltip share awards , the 2015 ltip share awards or the 2016 ltip share awards into account .", "2 included a total of 98877 restricted share units and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares of common stock 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 ipg has issued restricted cash awards ( 201cperformance cash awards 201d ) , half of which shall be settled in shares of common stock and half of which shall be settled in cash .", "using the 2014 closing stock price of $ 20.77 , the awards which shall be settled in shares of common stock represent rights to an additional 2721405 shares .", "these shares are not included in the table above .", "4 included ( i ) 29045044 shares of common stock available for issuance under the 2014 performance incentive plan , ( ii ) 12181214 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 435259 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan. ." ]

[ [ "Plan Category", "Number of Shares of Common Stock to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a)^1,2,3", "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)⁴" ], [ "Equity Compensation Plans Approved by Security Holders", "15,563,666", "9.70", "41,661,517" ], [ "Equity Compensation Plans Not Approved by Security Holders", "None", "", "" ] ]

[ [ "plan category", "number of shares of common stock to be issued upon exercise of outstanding options warrants and rights ( a ) 123", "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 ) 4" ], [ "equity compensation plans approved by security holders", "15563666", "9.70", "41661517" ], [ "equity compensation plans not approved by security holders", "none", "", "" ] ]

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[ "assets ( including trade receivables ) that are in the scope of the update .", "asu 2016-13 also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees .", "the guidance will become effective for us on january 1 , 2020 .", "early adoption is permitted for periods beginning on or after january 1 , 2019 .", "we are evaluating the effect of asu 2016-13 on our consolidated financial statements .", "note 2 2014 acquisitions the transactions described below were accounted for as business combinations , which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date .", "on october 17 , 2018 , we acquired sicom systems , inc .", "( 201csicom 201d ) for total purchase consideration of $ 409.2 million , which we funded with cash on hand and by drawing on our revolving credit facility ( described in 201cnote 8 2014 long-term debt and lines of credit 201d ) .", "sicom is a provider of end-to-end enterprise , cloud-based software solutions and other technologies to quick service restaurants and food service management companies .", "sicom 2019s technologies are complementary to our existing xenial solutions , and we believe this acquisition will expand our software-driven payments strategy by enabling us to increase our capabilities and expand on our existing presence in the restaurant vertical market .", "prior to the acquisition , sicom was indirectly owned by a private equity investment firm where one of our board members is a partner and investor .", "his direct interest in the transaction was approximately $ 1.1 million , the amount distributed to him based on his investment interest in the fund of the private equity firm that sold sicom to us .", "based on consideration of all relevant information , the audit committee of our board of directors recommended that the board approve the acquisition of sicom , which it did .", "the provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of december 31 , 2018 , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : ." ]

[ "as of december 31 , 2018 , we considered these balances to be provisional because we were still in the process of determining the final purchase consideration , which is subject to adjustment pursuant to the purchase agreement , and gathering and reviewing information to support the valuations of the assets acquired and liabilities assumed .", "goodwill arising from the acquisition of $ 264.8 million , included in the north america segment , was attributable to expected growth opportunities , an assembled workforce and potential synergies from combining our existing businesses .", "we expect that approximately $ 50 million of the goodwill from this acquisition will be deductible for income tax purposes .", "74 2013 global payments inc .", "| 2018 form 10-k annual report ." ]

[ [ "Cash and cash equivalents", "$7,540" ], [ "Property and equipment", "5,943" ], [ "Identified intangible assets", "188,294" ], [ "Other assets", "22,278" ], [ "Deferred income taxes", "(48,448)" ], [ "Other liabilities", "(31,250)" ], [ "Total identifiable net assets", "144,357" ], [ "Goodwill", "264,844" ], [ "Total purchase consideration", "$409,201" ] ]

[ [ "cash and cash equivalents", "$ 7540" ], [ "property and equipment", "5943" ], [ "identified intangible assets", "188294" ], [ "other assets", "22278" ], [ "deferred income taxes", "-48448 ( 48448 )" ], [ "other liabilities", "-31250 ( 31250 )" ], [ "total identifiable net assets", "144357" ], [ "goodwill", "264844" ], [ "total purchase consideration", "$ 409201" ] ]

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[ "recognition of deferred revenue related to sanofi-aventis 2019 $ 85.0 million up-front payment decreased in 2010 compared to 2009 due to the november 2009 amendments to expand and extend the companies 2019 antibody collaboration .", "in connection with the november 2009 amendment of the discovery agreement , sanofi-aventis is funding up to $ 30 million of agreed-upon costs incurred by us to expand our manufacturing capacity at our rensselaer , new york facilities , of which $ 23.4 million was received or receivable from sanofi-aventis as of december 31 , 2010 .", "revenue related to these payments for such funding from sanofi-aventis is deferred and recognized as collaboration revenue prospectively over the related performance period in conjunction with the recognition of the original $ 85.0 million up-front payment .", "as of december 31 , 2010 , $ 79.8 million of the sanofi-aventis payments was deferred and will be recognized as revenue in future periods .", "in august 2008 , we entered into a separate velocigene ae agreement with sanofi-aventis .", "in 2010 and 2009 , we recognized $ 1.6 million and $ 2.7 million , respectively , in revenue related to this agreement .", "bayer healthcare collaboration revenue the collaboration revenue we earned from bayer healthcare , as detailed below , consisted of cost sharing of regeneron vegf trap-eye development expenses , substantive performance milestone payments , and recognition of revenue related to a non-refundable $ 75.0 million up-front payment received in october 2006 and a $ 20.0 million milestone payment received in august 2007 ( which , for the purpose of revenue recognition , was not considered substantive ) .", "years ended bayer healthcare collaboration revenue december 31 ." ]

[ "cost-sharing of our vegf trap-eye development expenses with bayer healthcare increased in 2010 compared to 2009 due to higher internal development activities and higher clinical development costs in connection with our phase 3 copernicus trial in crvo .", "in the fourth quarter of 2010 , we earned two $ 10.0 million substantive milestone payments from bayer healthcare for achieving positive 52-week results in the view 1 study and positive 6-month results in the copernicus study .", "in july 2009 , we earned a $ 20.0 million substantive performance milestone payment from bayer healthcare in connection with the dosing of the first patient in the copernicus study .", "in connection with the recognition of deferred revenue related to the $ 75.0 million up-front payment and $ 20.0 million milestone payment received in august 2007 , as of december 31 , 2010 , $ 47.0 million of these payments was deferred and will be recognized as revenue in future periods .", "technology licensing revenue in connection with our velocimmune ae license agreements with astrazeneca and astellas , each of the $ 20.0 million annual , non-refundable payments were deferred upon receipt and recognized as revenue ratably over approximately the ensuing year of each agreement .", "in both 2010 and 2009 , we recognized $ 40.0 million of technology licensing revenue related to these agreements .", "in addition , in connection with the amendment and extension of our license agreement with astellas , in august 2010 , we received a $ 165.0 million up-front payment , which was deferred upon receipt and will be recognized as revenue ratably over a seven-year period beginning in mid-2011 .", "as of december 31 , 2010 , $ 176.6 million of these technology licensing payments was deferred and will be recognized as revenue in future periods .", "net product sales in 2010 and 2009 , we recognized as revenue $ 25.3 million and $ 18.4 million , respectively , of arcalyst ae net product sales for which both the right of return no longer existed and rebates could be reasonably estimated .", "the company had limited historical return experience for arcalyst ae beginning with initial sales in 2008 through the end of 2009 ; therefore , arcalyst ae net product sales were deferred until the right of return no longer existed and rebates could be reasonably estimated .", "effective in the first quarter of 2010 , the company determined that it had ." ]

[ [ "Bayer HealthCare Collaboration Revenue", "Years ended December 31," ], [ "(In millions)", "2010", "2009" ], [ "Cost-sharing of Regeneron VEGF Trap-Eye development expenses", "$45.5", "$37.4" ], [ "Substantive performance milestone payments", "20.0", "20.0" ], [ "Recognition of deferred revenue related to up-front and other milestone payments", "9.9", "9.9" ], [ "Total Bayer HealthCare collaboration revenue", "$75.4", "$67.3" ] ]

[ [ "bayer healthcare collaboration revenue", "bayer healthcare collaboration revenue", "" ], [ "( in millions )", "2010", "2009" ], [ "cost-sharing of regeneron vegf trap-eye development expenses", "$ 45.5", "$ 37.4" ], [ "substantive performance milestone payments", "20.0", "20.0" ], [ "recognition of deferred revenue related to up-front and other milestone payments", "9.9", "9.9" ], [ "total bayer healthcare collaboration revenue", "$ 75.4", "$ 67.3" ] ]

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

[ "money pool activity provided $ 0.4 million of entergy new orleans' operating cash flow in 2004 , provided $ 1.7 million in 2003 , and provided $ 5.7 million in 2002 .", "see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .", "investing activities net cash used in investing activities decreased $ 15.5 million in 2004 primarily due to capital expenditures related to a turbine inspection project at a fossil plant in 2003 and decreased customer service spending .", "net cash used in investing activities increased $ 23.2 million in 2003 compared to 2002 primarily due to the maturity of $ 14.9 million of other temporary investments in 2002 and increased construction expenditures due to increased customer service spending .", "financing activities net cash used in financing activities increased $ 7.0 million in 2004 primarily due to the costs and expenses related to refinancing $ 75 million of long-term debt in 2004 and an increase of $ 2.2 million in common stock dividends paid .", "net cash used in financing activities increased $ 1.5 million in 2003 primarily due to additional common stock dividends paid of $ 2.2 million .", "in july 2003 , entergy new orleans issued $ 30 million of 3.875% ( 3.875 % ) series first mortgage bonds due august 2008 and $ 70 million of 5.25% ( 5.25 % ) series first mortgage bonds due august 2013 .", "the proceeds from these issuances were used to redeem , prior to maturity , $ 30 million of 7% ( 7 % ) series first mortgage bonds due july 2008 , $ 40 million of 8% ( 8 % ) series bonds due march 2006 , and $ 30 million of 6.65% ( 6.65 % ) series first mortgage bonds due march 2004 .", "the issuances and redemptions are not shown on the cash flow statement because the proceeds from the issuances were placed in a trust for use in the redemptions and never held as cash by entergy new orleans .", "see note 5 to the domestic utility companies and system energy financial statements for details on long- term debt .", "uses of capital entergy new orleans requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. ." ]

[ [ "2004", "2003", "2002", "2001" ], [ "(In Thousands)" ], [ "$1,413", "$1,783", "$3,500", "$9,208" ] ]

[ [ "2004", "2003", "2002", "2001" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 1413", "$ 1783", "$ 3500", "$ 9208" ] ]

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[ "aeronautics business segment 2019s results of operations discussion .", "the increase in our consolidated net adjustments for 2011 as compared to 2010 primarily was due to an increase in profit booking rate adjustments at our is&gs and aeronautics business segments .", "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 , f-22 raptor , f-16 fighting falcon , c-130 hercules , and the c-5m super galaxy .", "aeronautics 2019 operating results included the following ( in millions ) : ." ]

[ "2012 compared to 2011 aeronautics 2019 net sales for 2012 increased $ 591 million , or 4% ( 4 % ) , compared to 2011 .", "the increase was attributable to higher net sales of approximately $ 745 million from f-35 lrip contracts principally due to increased production volume ; about $ 285 million from f-16 programs primarily due to higher aircraft deliveries ( 37 f-16 aircraft delivered in 2012 compared to 22 in 2011 ) partially offset by lower volume on sustainment activities due to the completion of modification programs for certain international customers ; and approximately $ 140 million from c-5 programs due to higher aircraft deliveries ( four c-5m aircraft delivered in 2012 compared to two in 2011 ) .", "partially offsetting the increases were lower net sales of approximately $ 365 million from decreased production volume and lower risk retirements on the f-22 program as final aircraft deliveries were completed in the second quarter of 2012 ; approximately $ 110 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 and to a lesser extent lower volume ; and about $ 95 million from a decrease in volume on other sustainment activities partially offset by various other aeronautics programs due to higher volume .", "net sales for c-130 programs were comparable to 2011 as a decline in sustainment activities largely was offset by increased aircraft deliveries .", "aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .", "the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 lrip contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .", "partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception- to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .", "operating profit for c-5 programs was comparable to 2011 .", "adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .", "2011 compared to 2010 aeronautics 2019 net sales for 2011 increased $ 1.3 billion , or 10% ( 10 % ) , compared to 2010 .", "the growth in net sales primarily was due to higher volume of about $ 850 million for work performed on the f-35 lrip contracts as production increased ; higher volume of about $ 745 million for c-130 programs due to an increase in deliveries ( 33 c-130j aircraft delivered in 2011 compared to 25 during 2010 ) and support activities ; about $ 425 million for f-16 support activities and an increase in aircraft deliveries ( 22 f-16 aircraft delivered in 2011 compared to 20 during 2010 ) ; and approximately $ 90 million for higher volume on c-5 programs ( two c-5m aircraft delivered in 2011 compared to one during 2010 ) .", "these increases partially were offset by a decline in net sales of approximately $ 675 million due to lower volume on the f-22 program and lower net sales of about $ 155 million for the f-35 development contract as development work decreased. ." ]

[ [ "", "2012", "2011", "2010" ], [ "Net sales", "$14,953", "$14,362", "$13,109" ], [ "Operating profit", "1,699", "1,630", "1,498" ], [ "Operating margins", "11.4%", "11.3%", "11.4%" ], [ "Backlog at year-end", "30,100", "30,500", "27,500" ] ]

[ [ "", "2012", "2011", "2010" ], [ "net sales", "$ 14953", "$ 14362", "$ 13109" ], [ "operating profit", "1699", "1630", "1498" ], [ "operating margins", "11.4% ( 11.4 % )", "11.3% ( 11.3 % )", "11.4% ( 11.4 % )" ], [ "backlog at year-end", "30100", "30500", "27500" ] ]

[]

[ "shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five- year period .", "the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2008 at the closing price on the last trading day of 2008 , and also assumes reinvestment of common stock dividends .", "the s&p financial index is a publicly available measure of 81 of the standard & poor's 500 companies , representing 17 diversified financial services companies , 22 insurance companies , 19 real estate companies and 23 banking companies .", "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 24 leading national money center and regional banks and thrifts. ." ]

[ "." ]

[ [ "", "2008", "2009", "2010", "2011", "2012", "2013" ], [ "State Street Corporation", "$100", "$111", "$118", "$105", "$125", "$198" ], [ "S&P 500 Index", "100", "126", "146", "149", "172", "228" ], [ "S&P Financial Index", "100", "117", "132", "109", "141", "191" ], [ "KBW Bank Index", "100", "98", "121", "93", "122", "168" ] ]

[ [ "", "2008", "2009", "2010", "2011", "2012", "2013" ], [ "state street corporation", "$ 100", "$ 111", "$ 118", "$ 105", "$ 125", "$ 198" ], [ "s&p 500 index", "100", "126", "146", "149", "172", "228" ], [ "s&p financial index", "100", "117", "132", "109", "141", "191" ], [ "kbw bank index", "100", "98", "121", "93", "122", "168" ] ]

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[ "royal caribbean cruises ltd .", "15 from two to 17 nights throughout south america , the caribbean and europe .", "additionally , we announced that majesty of the seas will be redeployed from royal caribbean international to pullmantur in 2016 .", "pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise mar- kets .", "pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children .", "over the last few years , pullmantur has systematically increased its focus on latin america and has expanded its pres- ence in that market .", "in order to facilitate pullmantur 2019s ability to focus on its core cruise business , on march 31 , 2014 , pullmantur sold the majority of its interest in its non-core busi- nesses .", "these non-core businesses included pullmantur 2019s land-based tour operations , travel agency and 49% ( 49 % ) interest in its air business .", "in connection with the sale agreement , we retained a 19% ( 19 % ) interest in each of the non-core businesses as well as 100% ( 100 % ) ownership of the aircraft which are being dry leased to pullmantur air .", "see note 1 .", "general and note 6 .", "other assets to our consolidated financial statements under item 8 .", "financial statements and supplementary data for further details .", "cdf croisi e8res de france we currently operate two ships with an aggregate capacity of approximately 2800 berths under our cdf croisi e8res de france brand .", "cdf croisi e8res de france offers seasonal itineraries to the mediterranean , europe and caribbean .", "during the winter season , zenith is deployed to the pullmantur brand for sailings in south america .", "cdf croisi e8res de france is designed to serve the contemporary segment of the french cruise market by providing a brand tailored for french cruise guests .", "tui cruises tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping com- pany , and is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests .", "all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market .", "tui cruises operates three ships , mein schiff 1 , mein schiff 2 and mein schiff 3 , with an aggregate capacity of approximately 6300 berths .", "in addition , tui cruises currently has three newbuild ships on order at the finnish meyer turku yard with an aggregate capacity of approximately 7500 berths : mein schiff 4 , scheduled for delivery in the second quarter of 2015 , mein schiff 5 , scheduled for delivery in the third quarter of 2016 and mein schiff 6 , scheduled for delivery in the second quarter of 2017 .", "in november 2014 , we formed a strategic partnership with ctrip.com international ltd .", "( 201cctrip 201d ) , a chinese travel service provider , to operate a new cruise brand known as skysea cruises .", "skysea cruises will offer a custom-tailored product for chinese cruise guests operating the ship purchased from celebrity cruises .", "the new cruise line will begin service in the second quarter of 2015 .", "we and ctrip each own 35% ( 35 % ) of the new company , skysea holding , with the balance being owned by skysea holding management and a private equity fund .", "industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long term in the european market and a developing but promising sector in several other emerging markets .", "industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers .", "we believe this presents an opportunity for long-term growth and a potential for increased profitability .", "the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) ." ]

[ "( 1 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and cruise lines international association ( 201cclia 201d ) .", "rates are based on cruise guests carried for at least two consecutive nights .", "includes the united states of america and canada .", "( 2 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and clia europe , formerly european cruise council .", "we estimate that the global cruise fleet was served by approximately 457000 berths on approximately 283 ships at the end of 2014 .", "there are approximately 33 ships with an estimated 98650 berths that are expected to be placed in service in the global cruise market between 2015 and 2019 , although it is also possible that ships could be ordered or taken out of service during these periods .", "we estimate that the global cruise industry carried 22.0 million cruise guests in 2014 compared to 21.3 million cruise guests carried in 2013 and 20.9 million cruise guests carried in 2012 .", "part i ." ]

[ [ "Year", "North America(1)", "Europe(2)" ], [ "2010", "3.1%", "1.1%" ], [ "2011", "3.4%", "1.1%" ], [ "2012", "3.3%", "1.2%" ], [ "2013", "3.4%", "1.2%" ], [ "2014", "3.5%", "1.3%" ] ]

[ [ "year", "north america ( 1 )", "europe ( 2 )" ], [ "2010", "3.1% ( 3.1 % )", "1.1% ( 1.1 % )" ], [ "2011", "3.4% ( 3.4 % )", "1.1% ( 1.1 % )" ], [ "2012", "3.3% ( 3.3 % )", "1.2% ( 1.2 % )" ], [ "2013", "3.4% ( 3.4 % )", "1.2% ( 1.2 % )" ], [ "2014", "3.5% ( 3.5 % )", "1.3% ( 1.3 % )" ] ]

[]

[ "mw mamonal plant .", "approximately $ 77 million of the purchase price was allocated to goodwill and is being amortized over 32 years .", "the termocandelaria power plant has been included in discontinued operations in the accompanying consolidated financial statements .", "the table below presents supplemental unaudited pro forma operating results as if all of the acquisitions had occurred at the beginning of the periods shown ( in millions , except per share amounts ) .", "no pro forma operating results are provided for 2001 , because the impact would not have been material .", "the pro forma amounts include certain adjustments , primarily for depreciation and amortization based on the allocated purchase price and additional interest expense : year ended december 31 , 2000 ." ]

[ "the pro forma results are based upon assumptions and estimates that the company believes are reasonable .", "the pro forma results do not purport to be indicative of the results that actually would have been obtained had the acquisitions occurred at the beginning of the periods shown , nor are they intended to be a projection of future results .", "3 .", "discontinued operations effective january 1 , 2001 , the company adopted sfas no .", "144 .", "this statement addresses financial accounting and reporting for the impairment or disposal of long-lived assets .", "sfas no .", "144 requires a component of an entity that either has been disposed of or is classified as held for sale to be reported as discontinued operations if certain conditions are met .", "during the year , the company decided to exit certain of its businesses .", "these businesses included power direct , geoutilities , termocandelaria , ib valley and several telecommunications businesses in brazil and the u.s .", "the businesses were either disposed of or abandoned during the year or were classified as held for sale at december 31 , 2001 .", "for those businesses disposed of or abandoned , the company determined that significant adverse changes in legal factors and/or the business climate , such as unfavorable market conditions and low tariffs , negatively affected the value of these assets .", "the company has certain businesses that are held for sale , including termocandelaria .", "the company has approved and committed to a plan to sell these assets , they are available for immediate sale , and a plan has been established to locate a buyer at a reasonable fair market value price .", "the company believes it will sell these assets within one year and it is unlikely that significant changes will be made to the plan to sell .", "at december 31 , 2001 , the assets and liabilities associated with the discontinued operations are segregated on the consolidated balance sheets .", "a majority of the long-lived assets related to discontinued operations are for the termocandelaria competitive supply business located in colombia .", "the revenues associated with the discontinued operations were $ 287 million , $ 74 million and $ 7 million for the years ended december 31 , 2001 , 2000 and 1999 , respectively .", "the pretax losses associated with the discontinued operations were $ 58 million , $ 31 million and $ 4 million for each of the years ended december 31 , 2001 , 2000 and 1999 , respectively .", "the loss on disposal and impairment write-downs for those businesses held for sale , net of tax associated with the discontinued operations , was $ 145 million for the year ended december 31 , 2001. ." ]

[ [ "", "Year Ended December 31, 2000" ], [ "Revenue", "$8,137" ], [ "Income before extraordinary items", "833" ], [ "Net Income", "822" ], [ "Basic earnings per share", "$1.67" ], [ "Diluted earnings per share", "$1.61" ] ]

[ [ "", "year ended december 31 2000" ], [ "revenue", "$ 8137" ], [ "income before extraordinary items", "833" ], [ "net income", "822" ], [ "basic earnings per share", "$ 1.67" ], [ "diluted earnings per share", "$ 1.61" ] ]

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[ "nbcuniversal media , llc consolidated statement of comprehensive income ." ]

[ "see accompanying notes to consolidated financial statements .", "147 comcast 2015 annual report on form 10-k ." ]

[ [ "Year ended December 31 (in millions)", "2015", "2014", "2013" ], [ "Net income", "$3,624", "$3,297", "$2,122" ], [ "Deferred gains (losses) on cash flow hedges, net", "(21)", "25", "(5)" ], [ "Employee benefit obligations, net", "60", "(106)", "95" ], [ "Currency translation adjustments, net", "(121)", "(62)", "(41)" ], [ "Comprehensive income", "3,542", "3,154", "2,171" ], [ "Net (income) loss attributable to noncontrolling interests", "(210)", "(182)", "(154)" ], [ "Other comprehensive (income) loss attributable to noncontrolling interests", "29", "—", "—" ], [ "Comprehensive income attributable to NBCUniversal", "$3,361", "$2,972", "$2,017" ] ]

[ [ "year ended december 31 ( in millions )", "2015", "2014", "2013" ], [ "net income", "$ 3624", "$ 3297", "$ 2122" ], [ "deferred gains ( losses ) on cash flow hedges net", "-21 ( 21 )", "25", "-5 ( 5 )" ], [ "employee benefit obligations net", "60", "-106 ( 106 )", "95" ], [ "currency translation adjustments net", "-121 ( 121 )", "-62 ( 62 )", "-41 ( 41 )" ], [ "comprehensive income", "3542", "3154", "2171" ], [ "net ( income ) loss attributable to noncontrolling interests", "-210 ( 210 )", "-182 ( 182 )", "-154 ( 154 )" ], [ "other comprehensive ( income ) loss attributable to noncontrolling interests", "29", "2014", "2014" ], [ "comprehensive income attributable to nbcuniversal", "$ 3361", "$ 2972", "$ 2017" ] ]

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[ "key operating and financial activities significant operating and financial activities during 2012 include : 2022 net proved reserve additions for the e&p and osm segments combined of 389 mmboe , for a 226 percent reserve replacement 2022 increased proved liquid hydrocarbon and synthetic crude oil reserves by 316 mmbbls , for a reserve replacement of 268 percent for these commodities 2022 recorded more than 95 percent average operational availability for operated e&p assets 2022 increased e&p net sales volumes , excluding libya , by 8 percent 2022 eagle ford shale average net sales volumes of 65 mboed for december 2012 , a fourfold increase over december 2011 2022 bakken shale average net sales volumes of 29 mboed , a 71 percent increase over last year 2022 resumed sales from libya and reached pre-conflict production levels 2022 international liquid hydrocarbon sales volumes , for which average realizations have exceeded wti , were 62 percent of net e&p liquid hydrocarbon sales 2022 closed $ 1 billion of acquisitions in the core of the eagle ford shale 2022 assumed operatorship of the vilje field located offshore norway 2022 signed agreements for new exploration positions in e.g. , gabon , kenya and ethiopia 2022 issued $ 1 billion of 3-year senior notes at 0.9 percent interest and $ 1 billion of 10-year senior notes at 2.8 percent interest some significant 2013 activities through february 22 , 2013 include : 2022 closed sale of our alaska assets in january 2013 2022 closed sale of our interest in the neptune gas plant in february 2013 consolidated results of operations : 2012 compared to 2011 consolidated income before income taxes was 38 percent higher in 2012 than consolidated income from continuing operations before income taxes were in 2011 , largely due to higher liquid hydrocarbon sales volumes in our e&p segment , partially offset by lower earnings from our osm and ig segments .", "the 7 percent decrease in income from continuing operations included lower earnings in the u.k .", "and e.g. , partially offset by higher earnings in libya .", "also , in 2011 we were not in an excess foreign tax credit position for the entire year as we were in 2012 .", "the effective income tax rate for continuing operations was 74 percent in 2012 compared to 61 percent in 2011 .", "revenues are summarized in the following table: ." ]

[ "e&p segment revenues increased $ 1055 million from 2011 to 2012 , primarily due to higher average liquid hydrocarbon sales volumes .", "e&p segment revenues included a net realized gain on crude oil derivative instruments of $ 15 million in 2012 while the impact of derivatives was not significant in 2011 .", "see item 8 .", "financial statements and supplementary data 2013 note 16 to the consolidated financial statement for more information about our crude oil derivative instruments .", "included in our e&p segment are supply optimization activities which include the purchase of commodities from third parties for resale .", "see the cost of revenues discussion as revenues from supply optimization approximate the related costs .", "supply optimization serves to aggregate volumes in order to satisfy transportation commitments and to achieve flexibility within product ." ]

[ [ "(In millions)", "2012", "2011" ], [ "E&P", "$14,084", "$13,029" ], [ "OSM", "1,552", "1,588" ], [ "IG", "—", "93" ], [ "Segment revenues", "15,636", "14,710" ], [ "Elimination of intersegment revenues", "—", "(47)" ], [ "Unrealized gain on crude oil derivative instruments", "52", "—" ], [ "Total revenues", "$15,688", "$14,663" ] ]

[ [ "( in millions )", "2012", "2011" ], [ "e&p", "$ 14084", "$ 13029" ], [ "osm", "1552", "1588" ], [ "ig", "2014", "93" ], [ "segment revenues", "15636", "14710" ], [ "elimination of intersegment revenues", "2014", "-47 ( 47 )" ], [ "unrealized gain on crude oil derivative instruments", "52", "2014" ], [ "total revenues", "$ 15688", "$ 14663" ] ]

[]

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

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

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

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

[]

[ "lkq corporation and subsidiaries notes to consolidated financial statements ( continued ) note 5 .", "long-term obligations ( continued ) as part of the consideration for business acquisitions completed during 2007 , 2006 and 2005 , we issued promissory notes totaling approximately $ 1.7 million , $ 7.2 million and $ 6.4 million , respectively .", "the notes bear interest at annual rates of 3.0% ( 3.0 % ) to 6.0% ( 6.0 % ) , and interest is payable at maturity or in monthly installments .", "we also assumed certain liabilities in connection with a business acquisition during the second quarter of 2005 , including a promissory note with a remaining principle balance of approximately $ 0.2 million .", "the annual interest rate on the note , which was retired during 2006 , was note 6 .", "commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment .", "the future minimum lease commitments under these leases at december 31 , 2007 are as follows ( in thousands ) : years ending december 31: ." ]

[ "rental expense for operating leases was approximately $ 27.4 million , $ 18.6 million and $ 12.2 million during the years ended december 31 , 2007 , 2006 and 2005 , respectively .", "we guaranty the residual values of the majority of our truck and equipment operating leases .", "the residual values decline over the lease terms to a defined percentage of original cost .", "in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .", "similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .", "had we terminated all of our operating leases subject to these guaranties at december 31 , 2007 , the guarantied residual value would have totaled approximately $ 24.0 million .", "litigation and related contingencies on december 2 , 2005 , ford global technologies , llc ( 2018 2018ford 2019 2019 ) filed a complaint with the united states international trade commission ( 2018 2018usitc 2019 2019 ) against keystone and five other named respondents , including four taiwan-based manufacturers .", "on december 12 , 2005 , ford filed an amended complaint .", "both the complaint and the amended complaint contended that keystone and the other respondents infringed 14 design patents that ford alleges cover eight parts on the 2004-2005 ." ]

[ [ "2008", "$42,335" ], [ "2009", "33,249" ], [ "2010", "25,149" ], [ "2011", "17,425" ], [ "2012", "11,750" ], [ "Thereafter", "28,581" ], [ "Future Minimum Lease Payments", "$158,489" ] ]

[ [ "2008", "$ 42335" ], [ "2009", "33249" ], [ "2010", "25149" ], [ "2011", "17425" ], [ "2012", "11750" ], [ "thereafter", "28581" ], [ "future minimum lease payments", "$ 158489" ] ]

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

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

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

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

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

[ "mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the following table summarizes expected benefit payments through 2019 for the pension plans , including those payments expected to be paid from the company 2019s general assets .", "since the majority of the benefit payments are made in the form of lump-sum distributions , actual benefit payments may differ from expected benefit payments. ." ]

[ "substantially all of the company 2019s u.s .", "employees are eligible to participate in a defined contribution savings plan ( the 201csavings plan 201d ) sponsored by the company .", "the savings plan allows employees to contribute a portion of their base compensation on a pre-tax and after-tax basis in accordance with specified guidelines .", "the company matches a percentage of employees 2019 contributions up to certain limits .", "in 2007 and prior years , the company could also contribute to the savings plan a discretionary profit sharing component linked to company performance during the prior year .", "beginning in 2008 , the discretionary profit sharing amount related to prior year company performance was paid directly to employees as a short-term cash incentive bonus rather than as a contribution to the savings plan .", "in addition , the company has several defined contribution plans outside of the united states .", "the company 2019s contribution expense related to all of its defined contribution plans was $ 40627 , $ 35341 and $ 26996 for 2009 , 2008 and 2007 , respectively .", "note 13 .", "postemployment and postretirement benefits the company maintains a postretirement plan ( the 201cpostretirement plan 201d ) providing health coverage and life insurance benefits for substantially all of its u.s .", "employees hired before july 1 , 2007 .", "the company amended the life insurance benefits under the postretirement plan effective january 1 , 2007 .", "the impact , net of taxes , of this amendment was an increase of $ 1715 to accumulated other comprehensive income in 2007 .", "in 2009 , the company recorded a $ 3944 benefit expense as a result of enhanced postretirement medical benefits under the postretirement plan provided to employees that chose to participate in a voluntary transition program. ." ]

[ [ "2010", "$18,181" ], [ "2011", "27,090" ], [ "2012", "21,548" ], [ "2013", "25,513" ], [ "2014", "24,002" ], [ "2015-2019", "128,494" ] ]

[ [ "2010", "$ 18181" ], [ "2011", "27090" ], [ "2012", "21548" ], [ "2013", "25513" ], [ "2014", "24002" ], [ "2015-2019", "128494" ] ]

[ { "arg1": "25513", "arg2": "21548", "op": "divide1-1", "res": "1.1840" }, { "arg1": "#0", "arg2": "const_1", "op": "minus1-2", "res": "18.40%" } ]

[ "included in selling , general and administrative expense was rent expense of $ 83.0 million , $ 59.0 million and $ 41.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively , under non-cancelable operating lease agreements .", "included in these amounts was contingent rent expense of $ 11.0 million , $ 11.0 million and $ 7.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .", "sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .", "these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .", "the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2015 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2015 through the date of this report : ( in thousands ) ." ]

[ "the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements .", "the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements .", "it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products .", "the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives .", "in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers .", "in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items .", "generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith .", "based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations .", "from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business .", "the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows .", "following the company 2019s announcement of the creation of a new class of common stock , referred to as the class c common stock , par value $ 0.0003 1/3 per share , four purported class action lawsuits were brought ." ]

[ [ "2016", "$126,488" ], [ "2017", "138,607" ], [ "2018", "137,591" ], [ "2019", "98,486" ], [ "2020", "67,997" ], [ "2021 and thereafter", "289,374" ], [ "Total future minimum sponsorship and other payments", "$858,543" ] ]

[ [ "2016", "$ 126488" ], [ "2017", "138607" ], [ "2018", "137591" ], [ "2019", "98486" ], [ "2020", "67997" ], [ "2021 and thereafter", "289374" ], [ "total future minimum sponsorship and other payments", "$ 858543" ] ]

[ { "arg1": "83.0", "arg2": "59.0", "op": "minus2-1", "res": "24" }, { "arg1": "#0", "arg2": "59.0", "op": "divide2-2", "res": "41%" } ]

[ "banking ) .", "the results of the first step of the impairment test showed no indication of impairment in any of the reporting units at any of the periods except december 31 , 2008 and , accordingly , the company did not perform the second step of the impairment test , except for the test performed as of december 31 , 2008 .", "as of december 31 , 2008 , there was an indication of impairment in the north america consumer banking , latin america consumer banking and emea consumer banking reporting units and , accordingly , the second step of testing was performed on these reporting units .", "based on the results of the second step of testing , the company recorded a $ 9.6 billion pretax ( $ 8.7 billion after tax ) goodwill impairment charge in the fourth quarter of 2008 , representing the entire amount of goodwill allocated to these reporting units .", "the primary cause for the goodwill impairment in the above reporting units was the rapid deterioration in the financial markets , as well as in the global economic outlook particularly during the period beginning mid-november through year end 2008 .", "this deterioration further weakened the near-term prospects for the financial services industry .", "these and other factors , including the increased possibility of further government intervention , also resulted in the decline in the company 2019s market capitalization from approximately $ 90 billion at july 1 , 2008 and approximately $ 74 billion at october 31 , 2008 to approximately $ 36 billion at december 31 , 2008 .", "the more significant fair-value adjustments in the pro forma purchase price allocation in the second step of testing were to fair-value loans and debt and were made to identify and value identifiable intangibles .", "the adjustments to measure the assets , liabilities and intangibles were for the purpose of measuring the implied fair value of goodwill and such adjustments are not reflected in the consolidated balance sheet .", "the following table shows reporting units with goodwill balances and the excess of fair value of allocated book value as of december 31 , 2008 .", "reporting unit ( $ in millions ) fair value as a % ( % ) of allocated book value goodwill ( post-impairment ) ." ]

[ "while no impairment was noted in step one of our securities and banking reporting unit impairment test at october 31 , 2008 and december 31 , 2008 , goodwill present in that reporting unit may be particularly sensitive to further deterioration in economic conditions .", "under the market approach for valuing this reporting unit , the earnings multiples and transaction multiples were selected from multiples obtained using data from guideline companies and acquisitions .", "the selection of the actual multiple considers operating performance and financial condition such as return on equity and net income growth of securities and banking as compared to the guideline companies and acquisitions .", "for the valuation under the income approach , the company utilized a discount rate which it believes reflects the risk and uncertainty related to the projected cash flows , and selected 2013 as the terminal year .", "in 2013 , the value was derived assuming a return to historical levels of core-business profitability for the reporting unit , despite the significant losses experienced in 2008 .", "this assumption is based on management 2019s view that this recovery will occur based upon various macro- economic factors such as the recent u.s .", "government stimulus actions , restoring marketplace confidence and improved risk-management practices on an industry-wide basis .", "furthermore , company-specific actions such as its recently announced realignment of its businesses to optimize its global businesses for future profitable growth , will also be a factor in returning the company 2019s core securities and banking business to historical levels .", "small deterioration in the assumptions used in the valuations , in particular the discount rate and growth rate assumptions used in the net income projections , could significantly affect the company 2019s impairment evaluation and , hence , results .", "if the future were to differ adversely from management 2019s best estimate of key economic assumptions and associated cash flows were to decrease by a small margin , the company could potentially experience future material impairment charges with respect to the goodwill remaining in our securities and banking reporting unit .", "any such charges by themselves would not negatively affect the company 2019s tier 1 and total regulatory capital ratios , tangible capital or the company 2019s liquidity position. ." ]

[ [ "Reporting Unit<i>($ inmillions)</i>", "Fair Value as a % of Allocated Book Value", "Goodwill(post-impairment)" ], [ "North America Cards", "139%", "6,765" ], [ "International Cards", "218%", "4,066" ], [ "Asia Consumer Banking", "293%", "3,106" ], [ "Securities & Banking", "109%", "9,774" ], [ "Global Transaction Services", "994%", "1,570" ], [ "North America GWM", "386%", "1,259" ], [ "International GWM", "171%", "592" ] ]

[ [ "reporting unit ( $ inmillions )", "fair value as a % ( % ) of allocated book value", "goodwill ( post-impairment )" ], [ "north america cards", "139% ( 139 % )", "6765" ], [ "international cards", "218% ( 218 % )", "4066" ], [ "asia consumer banking", "293% ( 293 % )", "3106" ], [ "securities & banking", "109% ( 109 % )", "9774" ], [ "global transaction services", "994% ( 994 % )", "1570" ], [ "north america gwm", "386% ( 386 % )", "1259" ], [ "international gwm", "171% ( 171 % )", "592" ] ]

[ { "arg1": "9.6", "arg2": "8.7", "op": "minus1-1", "res": "0.9" }, { "arg1": "#0", "arg2": "8.7", "op": "divide1-2", "res": "10.3%" } ]

[ "global brand concepts american living american living is the first brand developed under the newglobal brand concepts group .", "american living is a full lifestyle brand , featuring menswear , womenswear , childrenswear , accessories and home furnishings with a focus on timeless , authentic american classics for every day .", "american living is available exclusively at jcpenney in the u.s .", "and online at jcp.com .", "our wholesale segment our wholesale segment sells our products to leading upscale and certain mid-tier department stores , specialty stores and golf and pro shops , both domestically and internationally .", "we have focused on elevating our brand and improving productivity by reducing the number of unproductive doors within department stores in which our products are sold , improving in-store product assortment and presentation , and improving full-price sell-throughs to consumers .", "as of march 29 , 2008 , the end of fiscal 2008 , our products were sold through 10806 doors worldwide , and during fiscal 2008 , we invested approximately $ 49 million in shop-within-shops dedicated to our products primarily in domestic and international department stores .", "we have also effected selective price increases on basic products and introduced new fashion offerings at higher price points .", "department stores are our major wholesale customers in north america .", "in europe , our wholesale sales are a varying mix of sales to both department stores and specialty shops , depending on the country .", "our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label collection and black label 2014 are distributed through a limited number of premier fashion retailers .", "in addition , we sell excess and out- of-season products through secondary distribution channels , including our retail factory stores .", "in japan , our products are distributed primarily through shop-within-shops at premiere department stores .", "the mix of business is weighted to polo ralph lauren inmen 2019s andwomen 2019s blue label .", "the distribution of men 2019s and women 2019s black label is also expanding through shop-within-shop presentations in top tier department stores across japan .", "worldwide distribution channels the following table presents the approximate number of doors by geographic location , in which products distributed by our wholesale segment were sold to consumers as of march 29 , 2008 : location number of doors ( a ) ." ]

[ "( a ) in asia/pacific ( excluding japan ) , our products are distributed by our licensing partners .", "the following department store chains werewholesale customers whose purchases represented more than 10% ( 10 % ) of our worldwide wholesale net sales for the year ended march 29 , 2008 : 2022 macy 2019s , inc .", "( formerly known as federated department stores , inc. ) , which represented approximately 24% ( 24 % ) ; and 2022 dillard department stores , inc. , which represented approximately 12% ( 12 % ) .", "our product brands are sold primarily through their own sales forces .", "our wholesale segment maintains their primary showrooms in new york city .", "in addition , we maintain regional showrooms in atlanta , chicago , dallas , los angeles , milan , paris , london , munich , madrid and stockholm. ." ]

[ [ "Location", "Number of Doors^(a)" ], [ "United States and Canada", "8,611" ], [ "Europe", "2,075" ], [ "Japan", "120" ], [ "Total", "10,806" ] ]

[ [ "location", "number of doors ( a )" ], [ "united states and canada", "8611" ], [ "europe", "2075" ], [ "japan", "120" ], [ "total", "10806" ] ]

[]

[ "part ii , item 7 until maturity , effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.74% ( 4.74 % ) .", "the proceeds from these notes were used to repay commercial paper borrowings .", "0160 on april 20 , 2006 , the schlumberger board of directors approved a share repurchase program of up to 40 million shares of common stock to be acquired in the open market before april 2010 , subject to market conditions .", "this program was completed during the second quarter of 2008 .", "on april 17 , 2008 , the schlumberger board of directors approved an $ 8 billion share repurchase program for shares of schlumberger common stock , to be acquired in the open market before december 31 , 2011 , of which $ 1.43 billion had been repurchased as of december 31 , 2009 .", "the following table summarizes the activity under these share repurchase programs during 2009 , 2008 and ( stated in thousands except per share amounts and prices ) total cost of shares purchased total number of shares purchased average price paid per share ." ]

[ "0160 cash flow provided by operations was $ 5.3 billion in 2009 , $ 6.9 billion in 2008 and $ 6.3 billion in 2007 .", "the decline in cash flow from operations in 2009 as compared to 2008 was primarily driven by the decrease in net income experienced in 2009 and the significant pension plan contributions made during 2009 , offset by an improvement in working capital requirements .", "the improvement in 2008 as compared to 2007 was driven by the net income increase experienced in 2008 offset by required investments in working capital .", "the reduction in cash flows experienced by some of schlumberger 2019s customers as a result of global economic conditions could have significant adverse effects on their financial condition .", "this could result in , among other things , delay in , or nonpayment of , amounts that are owed to schlumberger , which could have a material adverse effect on schlumberger 2019s results of operations and cash flows .", "at times in recent quarters , schlumberger has experienced delays in payments from certain of its customers .", "schlumberger operates in approximately 80 countries .", "at december 31 , 2009 , only three of those countries individually accounted for greater than 5% ( 5 % ) of schlumberger 2019s accounts receivable balance of which only one represented greater than 0160 during 2008 and 2007 , schlumberger announced that its board of directors had approved increases in the quarterly dividend of 20% ( 20 % ) and 40% ( 40 % ) , respectively .", "total dividends paid during 2009 , 2008 and 2007 were $ 1.0 billion , $ 964 million and $ 771 million , respectively .", "0160 capital expenditures were $ 2.4 billion in 2009 , $ 3.7 billion in 2008 and $ 2.9 billion in 2007 .", "capital expenditures in 2008 and 2007 reflected the record activity levels experienced in those years .", "the decrease in capital expenditures in 2009 as compared to 2008 is primarily due to the significant activity decline during 2009 .", "oilfield services capital expenditures are expected to approach $ 2.4 billion for the full year 2010 as compared to $ 1.9 billion in 2009 and $ 3.0 billion in 2008 .", "westerngeco capital expenditures are expected to approach $ 0.3 billion for the full year 2010 as compared to $ 0.5 billion in 2009 and $ 0.7 billion in 2008. ." ]

[ [ "", "Total cost of shares purchased", "Total number of shares purchased", "Average price paid per share" ], [ "2009", "$500,097", "7,825.0", "$63.91" ], [ "2008", "$1,818,841", "21,064.7", "$86.35" ], [ "2007", "$1,355,000", "16,336.1", "$82.95" ] ]

[ [ "", "total cost of shares purchased", "total number of shares purchased", "average price paid per share" ], [ "2009", "$ 500097", "7825.0", "$ 63.91" ], [ "2008", "$ 1818841", "21064.7", "$ 86.35" ], [ "2007", "$ 1355000", "16336.1", "$ 82.95" ] ]

[ { "arg1": "63.91", "arg2": "82.95", "op": "minus2-1", "res": "-19.04" }, { "arg1": "#0", "arg2": "82.95", "op": "divide2-2", "res": "15.9%" } ]

[ "entergy corporation and subsidiaries management 2019s financial discussion and analysis net revenue utility following is an analysis of the change in net revenue comparing 2014 to 2013 .", "amount ( in millions ) ." ]

[ "the retail electric price variance is primarily due to : 2022 increases in the energy efficiency rider at entergy arkansas , as approved by the apsc , effective july 2013 and july 2014 .", "energy efficiency revenues are offset by costs included in other operation and maintenance expenses and have minimal effect on net income ; 2022 the effect of the apsc 2019s order in entergy arkansas 2019s 2013 rate case , including an annual base rate increase effective january 2014 offset by a miso rider to provide customers credits in rates for transmission revenue received through miso ; 2022 a formula rate plan increase at entergy mississippi , as approved by the mspc , effective september 2013 ; 2022 an increase in entergy mississippi 2019s storm damage rider , as approved by the mpsc , effective october 2013 .", "the increase in the storm damage rider is offset by other operation and maintenance expenses and has no effect on net income ; 2022 an annual base rate increase at entergy texas , effective april 2014 , as a result of the puct 2019s order in the september 2013 rate case ; and 2022 a formula rate plan increase at entergy louisiana , as approved by the lpsc , effective december 2014 .", "see note 2 to the financial statements for a discussion of rate proceedings .", "the asset retirement obligation affects net revenue because entergy records a regulatory debit or credit for the difference between asset retirement obligation-related expenses and trust earnings plus asset retirement obligation- related costs collected in revenue .", "the variance is primarily caused by increases in regulatory credits because of decreases in decommissioning trust earnings and increases in depreciation and accretion expenses and increases in regulatory credits to realign the asset retirement obligation regulatory assets with regulatory treatment .", "the volume/weather variance is primarily due to an increase of 3129 gwh , or 3% ( 3 % ) , in billed electricity usage primarily due to an increase in sales to industrial customers and the effect of more favorable weather on residential sales .", "the increase in industrial sales was primarily due to expansions , recovery of a major refining customer from an unplanned outage in 2013 , and continued moderate growth in the manufacturing sector .", "the miso deferral variance is primarily due to the deferral in 2014 of the non-fuel miso-related charges , as approved by the lpsc and the mpsc , partially offset by the deferral in april 2013 , as approved by the apsc , of costs incurred from march 2010 through december 2012 related to the transition and implementation of joining the miso ." ]

[ [ "", "Amount (In Millions)" ], [ "2013 net revenue", "$5,524" ], [ "Retail electric price", "135" ], [ "Asset retirement obligation", "56" ], [ "Volume/weather", "36" ], [ "MISO deferral", "16" ], [ "Net wholesale revenue", "(29)" ], [ "Other", "(3)" ], [ "2014 net revenue", "$5,735" ] ]

[ [ "", "amount ( in millions )" ], [ "2013 net revenue", "$ 5524" ], [ "retail electric price", "135" ], [ "asset retirement obligation", "56" ], [ "volume/weather", "36" ], [ "miso deferral", "16" ], [ "net wholesale revenue", "-29 ( 29 )" ], [ "other", "-3 ( 3 )" ], [ "2014 net revenue", "$ 5735" ] ]

[ { "arg1": "5735", "arg2": "5524", "op": "minus1-1", "res": "211" }, { "arg1": "#0", "arg2": "5524", "op": "divide1-2", "res": "3.8%" } ]

[ "stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index .", "the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested .", "the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock .", "comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 ." ]

[ "." ]

[ [ "Company/Index", "January 3, 2009", "January 2, 2010", "January 1, 2011", "December 31, 2011", "December 29, 2012", "December 28, 2013" ], [ "Advance Auto Parts", "$100.00", "$119.28", "$195.80", "$206.86", "$213.14", "$327.63" ], [ "S&P 500 Index", "100.00", "119.67", "134.97", "134.96", "150.51", "197.62" ], [ "S&P Retail Index", "100.00", "141.28", "174.70", "179.79", "219.77", "321.02" ] ]

[ [ "company/index", "january 3 2009", "january 2 2010", "january 1 2011", "december 31 2011", "december 29 2012", "december 28 2013" ], [ "advance auto parts", "$ 100.00", "$ 119.28", "$ 195.80", "$ 206.86", "$ 213.14", "$ 327.63" ], [ "s&p 500 index", "100.00", "119.67", "134.97", "134.96", "150.51", "197.62" ], [ "s&p retail index", "100.00", "141.28", "174.70", "179.79", "219.77", "321.02" ] ]

[ { "arg1": "195.80", "arg2": "100", "op": "minus1-1", "res": "95.8" }, { "arg1": "#0", "arg2": "100", "op": "divide1-2", "res": "95.8%" }, { "arg1": "#1", "arg2": "const_1", "op": "multiply1-3", "res": "0.96" } ]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the nyse for the years 2015 and 2014. ." ]

[ "on february 19 , 2016 , the closing price of our common stock was $ 87.32 per share as reported on the nyse .", "as of february 19 , 2016 , we had 423897556 outstanding shares of common stock and 159 registered holders .", "dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) .", "generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) .", "we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , issued in may 2014 ( the 201cseries a preferred stock 201d ) , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) .", "dividends are payable quarterly in arrears , subject to declaration by our board of directors .", "the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will be dependent upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant .", "we have distributed an aggregate of approximately $ 2.3 billion to our common stockholders , including the dividend paid in january 2016 , primarily subject to taxation as ordinary income .", "during the year ended december 31 , 2015 , we declared the following cash distributions: ." ]

[ [ "2015", "High", "Low" ], [ "Quarter ended March 31", "$101.88", "$93.21" ], [ "Quarter ended June 30", "98.64", "91.99" ], [ "Quarter ended September 30", "101.54", "86.83" ], [ "Quarter ended December 31", "104.12", "87.23" ], [ "2014", "High", "Low" ], [ "Quarter ended March 31", "$84.90", "$78.38" ], [ "Quarter ended June 30", "90.73", "80.10" ], [ "Quarter ended September 30", "99.90", "89.05" ], [ "Quarter ended December 31", "106.31", "90.20" ] ]

[ [ "2015", "high", "low" ], [ "quarter ended march 31", "$ 101.88", "$ 93.21" ], [ "quarter ended june 30", "98.64", "91.99" ], [ "quarter ended september 30", "101.54", "86.83" ], [ "quarter ended december 31", "104.12", "87.23" ], [ "2014", "high", "low" ], [ "quarter ended march 31", "$ 84.90", "$ 78.38" ], [ "quarter ended june 30", "90.73", "80.10" ], [ "quarter ended september 30", "99.90", "89.05" ], [ "quarter ended december 31", "106.31", "90.20" ] ]

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[ "the analysis of our depreciation studies .", "changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively .", "under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized .", "the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies .", "the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes .", "because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate .", "in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies .", "any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets .", "for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies .", "a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations .", "when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use .", "however , many of our assets are self-constructed .", "a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects .", "costs that are directly attributable to capital projects ( including overhead costs ) are capitalized .", "direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment .", "indirect costs are capitalized if they clearly relate to the construction of the asset .", "general and administrative expenditures are expensed as incurred .", "normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized .", "these costs are allocated using appropriate statistical bases .", "total expense for repairs and maintenance incurred was $ 2.3 billion for 2013 , $ 2.1 billion for 2012 , and $ 2.2 billion for 2011 .", "assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .", "amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .", "12 .", "accounts payable and other current liabilities dec .", "31 , dec .", "31 , millions 2013 2012 ." ]

[ "." ]

[ [ "<i>Millions</i>", "<i>Dec. 31,</i> <i>2013</i>", "<i>Dec. 31,</i><i>2012</i>" ], [ "Accounts payable", "$803", "$825" ], [ "Income and other taxes payable", "491", "368" ], [ "Accrued wages and vacation", "385", "376" ], [ "Dividends payable", "356", "318" ], [ "Accrued casualty costs", "207", "213" ], [ "Interest payable", "169", "172" ], [ "Equipment rents payable", "96", "95" ], [ "Other", "579", "556" ], [ "Total accounts payable and othercurrent liabilities", "$3,086", "$2,923" ] ]

[ [ "millions", "dec . 31 2013", "dec . 312012" ], [ "accounts payable", "$ 803", "$ 825" ], [ "income and other taxes payable", "491", "368" ], [ "accrued wages and vacation", "385", "376" ], [ "dividends payable", "356", "318" ], [ "accrued casualty costs", "207", "213" ], [ "interest payable", "169", "172" ], [ "equipment rents payable", "96", "95" ], [ "other", "579", "556" ], [ "total accounts payable and othercurrent liabilities", "$ 3086", "$ 2923" ] ]

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[ "n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .", "for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .", "during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .", "once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .", "it will continue in effect until terminated by the board .", "this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .", "during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .", "accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .", "the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .", "as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .", "under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .", "as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .", "stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .", "stock options are generally granted with a 3-year vesting period and a 10-year term .", "the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .", "included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .", "the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .", "the risk-free inter- est rate is based on the u.s .", "treasury yield curve in effect at the time of grant .", "the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .", "expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .", "the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: ." ]

[ "." ]

[ [ "", "2008", "2007", "2006" ], [ "Dividend yield", "1.80%", "1.78%", "1.64%" ], [ "Expected volatility", "32.20%", "27.43%", "31.29%" ], [ "Risk-free interest rate", "3.15%", "4.51%", "4.60%" ], [ "Forfeiture rate", "7.5%", "7.5%", "7.5%" ], [ "Expected life", "5.7 years", "5.6 years", "6 years" ] ]

[ [ "", "2008", "2007", "2006" ], [ "dividend yield", "1.80% ( 1.80 % )", "1.78% ( 1.78 % )", "1.64% ( 1.64 % )" ], [ "expected volatility", "32.20% ( 32.20 % )", "27.43% ( 27.43 % )", "31.29% ( 31.29 % )" ], [ "risk-free interest rate", "3.15% ( 3.15 % )", "4.51% ( 4.51 % )", "4.60% ( 4.60 % )" ], [ "forfeiture rate", "7.5% ( 7.5 % )", "7.5% ( 7.5 % )", "7.5% ( 7.5 % )" ], [ "expected life", "5.7 years", "5.6 years", "6 years" ] ]

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[ "is expected to begin by late-2018 , after the necessary information technology infrastructure is in place .", "entergy louisiana proposed to recover the cost of ami through the implementation of a customer charge , net of certain benefits , phased in over the period 2019 through 2022 .", "the parties reached an uncontested stipulation permitting implementation of entergy louisiana 2019s proposed ami system , with modifications to the proposed customer charge .", "in july 2017 the lpsc approved the stipulation .", "entergy louisiana expects to recover the undepreciated balance of its existing meters through a regulatory asset at current depreciation rates .", "sources of capital entergy louisiana 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt or preferred membership interest issuances ; and 2022 bank financing under new or existing facilities .", "entergy louisiana may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest rates are favorable .", "all debt and common and preferred membership interest issuances by entergy louisiana require prior regulatory approval .", "preferred membership interest and debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .", "entergy louisiana has sufficient capacity under these tests to meet its foreseeable capital needs .", "entergy louisiana 2019s receivables from the money pool were as follows as of december 31 for each of the following years. ." ]

[ "see note 4 to the financial statements for a description of the money pool .", "entergy louisiana has a credit facility in the amount of $ 350 million scheduled to expire in august 2022 .", "the credit facility allows entergy louisiana to issue letters of credit against $ 15 million of the borrowing capacity of the facility .", "as of december 31 , 2017 , there were no cash borrowings and a $ 9.1 million letter of credit outstanding under the credit facility .", "in addition , entergy louisiana is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . a0 as of december 31 , 2017 , a $ 29.7 million letter of credit was outstanding under entergy louisiana 2019s uncommitted letter of credit a0facility .", "see note 4 to the financial statements for additional discussion of the credit facilities .", "the entergy louisiana nuclear fuel company variable interest entities have two separate credit facilities , one in the amount of $ 105 million and one in the amount of $ 85 million , both scheduled to expire in may 2019 .", "as of december 31 , 2017 , $ 65.7 million of loans were outstanding under the credit facility for the entergy louisiana river bend nuclear fuel company variable interest entity .", "as of december 31 , 2017 , $ 43.5 million in letters of credit to support a like amount of commercial paper issued and $ 36.4 million in loans were outstanding under the entergy louisiana waterford nuclear fuel company variable interest entity credit facility .", "see note 4 to the financial statements for additional discussion of the nuclear fuel company variable interest entity credit facilities .", "entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis ." ]

[ [ "2017", "2016", "2015", "2014" ], [ "(In Thousands)" ], [ "$11,173", "$22,503", "$6,154", "$2,815" ] ]

[ [ "2017", "2016", "2015", "2014" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 11173", "$ 22503", "$ 6154", "$ 2815" ] ]

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[ "stock options 2005 stock and incentive plan in june 2005 , the stockholders of the company approved the 2005 stock and incentive plan ( the 2005 stock plan ) .", "upon adoption of the 2005 stock plan , issuance of options under the company 2019s existing 2000 stock plan ceased .", "additionally , in connection with the acquisition of solexa , the company assumed stock options granted under the 2005 solexa equity incentive plan ( the 2005 solexa equity plan ) .", "as of december 30 , 2007 , an aggregate of up to 13485619 shares of the company 2019s common stock were reserved for issuance under the 2005 stock plan and the 2005 solexa equity plan .", "the 2005 stock plan provides for an automatic annual increase in the shares reserved for issuance by the lesser of 5% ( 5 % ) of outstanding shares of the company 2019s common stock on the last day of the immediately preceding fiscal year , 1200000 shares or such lesser amount as determined by the company 2019s board of directors .", "as of december 30 , 2007 , options to purchase 1834384 shares remained available for future grant under the 2005 stock plan and 2005 solexa equity plan .", "the company 2019s stock option activity under all stock option plans from january 2 , 2005 through december 30 , 2007 is as follows : options weighted- average exercise price ." ]

[ "illumina , inc .", "notes to consolidated financial statements 2014 ( continued ) ." ]

[ [ "", "Options", "Weighted- Average Exercise Price" ], [ "Outstanding at January 2, 2005", "6,205,020", "$6.99" ], [ "Granted", "2,992,300", "$10.02" ], [ "Exercised", "(869,925)", "$4.66" ], [ "Cancelled", "(1,001,964)", "$11.00" ], [ "Outstanding at January 1, 2006", "7,325,431", "$7.96" ], [ "Granted", "2,621,050", "$27.24" ], [ "Exercised", "(1,273,119)", "$7.28" ], [ "Cancelled", "(314,242)", "$12.44" ], [ "Outstanding at December 31, 2006", "8,359,120", "$13.94" ], [ "Options assumed through business combination", "1,424,332", "$21.37" ], [ "Granted", "3,784,508", "$40.64" ], [ "Exercised", "(2,179,286)", "$12.06" ], [ "Cancelled", "(964,740)", "$22.38" ], [ "Outstanding at December 30, 2007", "10,423,934", "$24.26" ] ]

[ [ "", "options", "weighted- average exercise price" ], [ "outstanding at january 2 2005", "6205020", "$ 6.99" ], [ "granted", "2992300", "$ 10.02" ], [ "exercised", "-869925 ( 869925 )", "$ 4.66" ], [ "cancelled", "-1001964 ( 1001964 )", "$ 11.00" ], [ "outstanding at january 1 2006", "7325431", "$ 7.96" ], [ "granted", "2621050", "$ 27.24" ], [ "exercised", "-1273119 ( 1273119 )", "$ 7.28" ], [ "cancelled", "-314242 ( 314242 )", "$ 12.44" ], [ "outstanding at december 31 2006", "8359120", "$ 13.94" ], [ "options assumed through business combination", "1424332", "$ 21.37" ], [ "granted", "3784508", "$ 40.64" ], [ "exercised", "-2179286 ( 2179286 )", "$ 12.06" ], [ "cancelled", "-964740 ( 964740 )", "$ 22.38" ], [ "outstanding at december 30 2007", "10423934", "$ 24.26" ] ]

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[ "third-party sales for the engineered products and solutions segment improved 7% ( 7 % ) in 2016 compared with 2015 , primarily attributable to higher third-party sales of the two acquired businesses ( $ 457 ) , primarily related to the aerospace end market , and increased demand from the industrial gas turbine end market , partially offset by lower volumes in the oil and gas end market and commercial transportation end market as well as pricing pressures in aerospace .", "third-party sales for this segment improved 27% ( 27 % ) in 2015 compared with 2014 , largely attributable to the third-party sales ( $ 1310 ) of the three acquired businesses ( see above ) , and higher volumes in this segment 2019s legacy businesses , both of which were primarily related to the aerospace end market .", "these positive impacts were slightly offset by unfavorable foreign currency movements , principally driven by a weaker euro .", "atoi for the engineered products and solutions segment increased $ 47 , or 8% ( 8 % ) , in 2016 compared with 2015 , primarily related to net productivity improvements across all businesses as well as the volume increase from both the rti acquisition and organic revenue growth , partially offset by a lower margin product mix and pricing pressures in the aerospace end market .", "atoi for this segment increased $ 16 , or 3% ( 3 % ) , in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from acquisitions , and overall higher volumes in this segment 2019s legacy businesses .", "these positive impacts were partially offset by unfavorable price and product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .", "in 2017 , demand in the commercial aerospace end market is expected to remain strong , driven by the ramp up of new aerospace engine platforms , somewhat offset by continued customer destocking and engine ramp-up challenges .", "demand in the defense end market is expected to grow due to the continuing ramp-up of certain aerospace programs .", "additionally , net productivity improvements are anticipated while pricing pressure across all markets is likely to continue .", "transportation and construction solutions ." ]

[ "the transportation and construction solutions segment produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .", "such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold both directly to customers and through distributors .", "a small part of this segment also produces aluminum products for the industrial products end market .", "generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are primarily the u.s .", "dollar , the euro , and the brazilian real .", "third-party sales for the transportation and construction solutions segment decreased 4% ( 4 % ) in 2016 compared with 2015 , primarily driven by lower demand from the north american commercial transportation end market , which was partially offset by rising demand from the building and construction end market .", "third-party sales for this segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .", "atoi for the transportation and construction solutions segment increased $ 10 , or 6% ( 6 % ) , in 2016 compared with 2015 , principally driven by net productivity improvements across all businesses and growth in the building and construction segment , partially offset by lower demand in the north american heavy duty truck and brazilian markets. ." ]

[ [ "", "2016", "2015", "2014" ], [ "Third-party sales", "$1,802", "$1,882", "$2,021" ], [ "ATOI", "$176", "$166", "$180" ] ]

[ [ "", "2016", "2015", "2014" ], [ "third-party sales", "$ 1802", "$ 1882", "$ 2021" ], [ "atoi", "$ 176", "$ 166", "$ 180" ] ]

[]

[ "56 / 57 management 2019s discussion and analysis of financial condition and results of operations junior subordinate deferrable interest debentures in june 2005 , we issued $ 100.0 a0million of trust preferred securities , which are reflected on the balance sheet as junior subordinate deferrable interest debentures .", "the proceeds were used to repay our revolving credit facility .", "the $ 100.0 a0million of junior subordi- nate deferrable interest debentures have a 30-year term ending july 2035 .", "they bear interest at a fixed rate of 5.61% ( 5.61 % ) for the first 10 years ending july 2015 .", "thereafter , the rate will float at three month libor plus 1.25% ( 1.25 % ) .", "the securities are redeemable at par .", "restrictive covenants the terms of the 2011 revolving credit facility and certain of our senior unsecured notes include certain restrictions and covenants which may limit , among other things , our ability to pay dividends ( as discussed below ) , make certain types of investments , incur additional indebtedness , incur liens and enter into negative pledge agreements and the disposition of assets , and which require compliance with financial ratios including our minimum tangible net worth , a maximum ratio of total indebtedness to total asset value , a minimum ratio of ebitda to fixed charges and a maximum ratio of unsecured indebtedness to unencumbered asset value .", "the dividend restriction referred to above provides that we will not during any time when we are in default , make distributions with respect to common stock or other equity interests , except to enable us to continue to qualify as a reit for federal income tax purposes .", "as of december a031 , 2011 and 2010 , we were in compli- ance with all such covenants .", "market rate risk we are exposed to changes in interest rates primarily from our floating rate borrowing arrangements .", "we use interest rate deriv- ative instruments to manage exposure to interest rate changes .", "a a0hypothetical 100 a0basis point increase in interest rates along the entire interest rate curve for 2011 and 2010 , would increase our annual interest cost by approximately $ 12.3 a0million and $ 11.0 a0mil- lion and would increase our share of joint venture annual interest cost by approximately $ 4.8 a0million and $ 6.7 a0million , respectively .", "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 earnings , 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 is recognized immediately in earnings .", "approximately $ 4.8 a0billion of our long- term debt bore interest a0at fixed rates , and therefore the fair value of these instru- ments is affected by changes in the market interest rates .", "the interest rate on our variable rate debt and joint venture debt as of december a031 , 2011 ranged from libor plus 150 a0basis points to libor plus 350 a0basis points .", "contractual obligations combined aggregate principal maturities of mortgages and other loans payable , our 2011 revolving credit facility , senior unsecured notes ( net of discount ) , trust preferred securities , our share of joint venture debt , including as- of-right extension options , estimated interest expense ( based on weighted average interest rates for the quarter ) , and our obligations under our capital lease and ground leases , as of december a031 , 2011 are as follows ( in thousands ) : ." ]

[ "." ]

[ [ "", "2012", "2013", "2014", "2015", "2016", "Thereafter", "Total" ], [ "Property Mortgages", "$52,443", "$568,649", "$647,776", "$270,382", "$556,400", "$2,278,190", "$4,373,840" ], [ "Revolving Credit Facility", "—", "—", "—", "—", "350,000", "—", "350,000" ], [ "Trust Preferred Securities", "—", "—", "—", "—", "—", "100,000", "100,000" ], [ "Senior Unsecured Notes", "119,423", "—", "98,578", "657", "274,804", "777,194", "1,270,656" ], [ "Capital lease", "1,555", "1,555", "1,555", "1,592", "1,707", "42,351", "50,315" ], [ "Ground leases", "33,429", "33,429", "33,429", "33,429", "33,533", "615,450", "782,699" ], [ "Estimated interest expense", "312,672", "309,280", "269,286", "244,709", "212,328", "470,359", "1,818,634" ], [ "Joint venture debt", "176,457", "93,683", "123,983", "102,476", "527,814", "800,102", "1,824,515" ], [ "Total", "$695,979", "$1,006,596", "$1,174,607", "$653,245", "$1,956,586", "$5,083,646", "$10,570,659" ] ]

[ [ "", "2012", "2013", "2014", "2015", "2016", "thereafter", "total" ], [ "property mortgages", "$ 52443", "$ 568649", "$ 647776", "$ 270382", "$ 556400", "$ 2278190", "$ 4373840" ], [ "revolving credit facility", "2014", "2014", "2014", "2014", "350000", "2014", "350000" ], [ "trust preferred securities", "2014", "2014", "2014", "2014", "2014", "100000", "100000" ], [ "senior unsecured notes", "119423", "2014", "98578", "657", "274804", "777194", "1270656" ], [ "capital lease", "1555", "1555", "1555", "1592", "1707", "42351", "50315" ], [ "ground leases", "33429", "33429", "33429", "33429", "33533", "615450", "782699" ], [ "estimated interest expense", "312672", "309280", "269286", "244709", "212328", "470359", "1818634" ], [ "joint venture debt", "176457", "93683", "123983", "102476", "527814", "800102", "1824515" ], [ "total", "$ 695979", "$ 1006596", "$ 1174607", "$ 653245", "$ 1956586", "$ 5083646", "$ 10570659" ] ]

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

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

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

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

[]

[ "notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) assumptions can materially affect the estimate of fair value , and our results of operations could be materially impacted .", "there were no stock options granted during the years ended december 31 , 2015 and 2014 .", "the weighted-average grant-date fair value per option during the year ended december 31 , 2013 was $ 4.14 .", "the fair value of each option grant has been estimated with the following weighted-average assumptions. ." ]

[ "expected volatility 1 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "40.2% ( 40.2 % ) expected term ( years ) 2 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "6.9 risk-free interest rate 3 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "1.3% ( 1.3 % ) expected dividend yield 4 .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "2.4% ( 2.4 % ) 1 the expected volatility used to estimate the fair value of stock options awarded is based on a blend of : ( i ) historical volatility of our common stock for periods equal to the expected term of our stock options and ( ii ) implied volatility of tradable forward put and call options to purchase and sell shares of our common stock .", "2 the estimate of our expected term is based on the average of : ( i ) an assumption that all outstanding options are exercised upon achieving their full vesting date and ( ii ) an assumption that all outstanding options will be exercised at the midpoint between the current date ( i.e. , the date awards have ratably vested through ) and their full contractual term .", "in determining the estimate , we considered several factors , including the historical option exercise behavior of our employees and the terms and vesting periods of the options .", "3 the risk-free interest rate is determined using the implied yield currently available for zero-coupon u.s .", "government issuers with a remaining term equal to the expected term of the options .", "4 the expected dividend yield was calculated based on an annualized dividend of $ 0.30 per share in 2013 .", "stock-based compensation we grant other stock-based compensation awards such as stock-settled awards , cash-settled awards and performance- based awards ( settled in cash or shares ) to certain key employees .", "the number of shares or units received by an employee for performance-based awards depends on company performance against specific performance targets and could range from 0% ( 0 % ) to 300% ( 300 % ) of the target amount of shares originally granted .", "incentive awards are subject to certain restrictions and vesting requirements as determined by the compensation committee .", "the fair value of the shares on the grant date is amortized over the vesting period , which is generally three years .", "upon completion of the vesting period for cash-settled awards , the grantee is entitled to receive a payment in cash based on the fair market value of the corresponding number of shares of common stock .", "no monetary consideration is paid by a recipient for any incentive award .", "the fair value of cash-settled awards is adjusted each quarter based on our share price .", "the holders of stock-settled awards have absolute ownership interest in the underlying shares of common stock prior to vesting , which includes the right to vote and receive dividends .", "dividends declared on common stock are accrued during the vesting period and paid when the award vests .", "the holders of cash-settled and performance-based awards have no ownership interest in the underlying shares of common stock until the awards vest and the shares of common stock are issued. ." ]

[ [ "", "Year ended December 31, 2013" ], [ "Expected volatility¹", "40.2%" ], [ "Expected term (years)²", "6.9" ], [ "Risk-free interest rate³", "1.3%" ], [ "Expected dividend yield⁴", "2.4%" ] ]

[ [ "", "year ended december 31 2013" ], [ "expected volatility1", "40.2% ( 40.2 % )" ], [ "expected term ( years ) 2", "6.9" ], [ "risk-free interest rate3", "1.3% ( 1.3 % )" ], [ "expected dividend yield4", "2.4% ( 2.4 % )" ] ]

[]

[ "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 93% ( 93 % ) and 89% ( 89 % ) as of december 31 , 2016 and 2015 , 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 , 2016 .", "we had $ 1100.6 of cash , cash equivalents and marketable securities as of december 31 , 2016 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 2016 and 2015 , we had interest income of $ 20.1 and $ 22.8 , respectively .", "based on our 2016 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 11.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2016 levels .", "foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .", "since we report revenues and expenses in u.s .", "dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .", "dollars ) from foreign operations .", "the foreign currencies that most impacted our results during 2016 included the british pound sterling and , to a lesser extent , the argentine peso , brazilian real and japanese yen .", "based on 2016 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 2016 levels .", "the functional currency of our foreign operations is generally their respective local currency .", "assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .", "the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .", "our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .", "however , certain subsidiaries may enter into transactions in currencies other than their functional currency .", "assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .", "currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .", "we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures .", "we do not enter into foreign exchange contracts or other derivatives for speculative purposes. ." ]

[ [ "", "Increase/(Decrease)in Fair Market Value" ], [ "As of December 31,", "10% Increasein Interest Rates", "10% Decreasein Interest Rates" ], [ "2016", "$(26.3)", "$26.9" ], [ "2015", "(33.7)", "34.7" ] ]

[ [ "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" ], [ "2016", "$ -26.3 ( 26.3 )", "$ 26.9" ], [ "2015", "-33.7 ( 33.7 )", "34.7" ] ]

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[ "\"three factor formula\" ) .", "the consolidated financial statements include northrop grumman management and support services allocations totaling $ 32 million for the year ended december 31 , 2011 .", "shared services and infrastructure costs - this category includes costs for functions such as information technology support , systems maintenance , telecommunications , procurement and other shared services while hii was a subsidiary of northrop grumman .", "these costs were generally allocated to the company using the three factor formula or based on usage .", "the consolidated financial statements reflect shared services and infrastructure costs allocations totaling $ 80 million for the year ended december 31 , 2011 .", "northrop grumman-provided benefits - this category includes costs for group medical , dental and vision insurance , 401 ( k ) savings plan , pension and postretirement benefits , incentive compensation and other benefits .", "these costs were generally allocated to the company based on specific identification of the benefits provided to company employees participating in these benefit plans .", "the consolidated financial statements include northrop grumman- provided benefits allocations totaling $ 169 million for the year ended december 31 , 2011 .", "management believes that the methods of allocating these costs are reasonable , consistent with past practices , and in conformity with cost allocation requirements of cas or the far .", "related party sales and cost of sales prior to the spin-off , hii purchased and sold certain products and services from and to other northrop grumman entities .", "purchases of products and services from these affiliated entities , which were recorded at cost , were $ 44 million for the year ended december 31 , 2011 .", "sales of products and services to these entities were $ 1 million for the year ended december 31 , 2011 .", "former parent's equity in unit transactions between hii and northrop grumman prior to the spin-off have been included in the consolidated financial statements and were effectively settled for cash at the time the transaction was recorded .", "the net effect of the settlement of these transactions is reflected as former parent's equity in unit in the consolidated statement of changes in equity .", "21 .", "unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2013 and 2012 , are set forth in the following tables: ." ]

[ "." ]

[ [ "", "Year Ended December 31, 2013" ], [ "($ in millions, except per share amounts)", "1st Qtr", "2nd Qtr", "3rd Qtr", "4th Qtr" ], [ "Sales and service revenues", "$1,562", "$1,683", "$1,637", "$1,938" ], [ "Operating income (loss)", "95", "116", "127", "174" ], [ "Earnings (loss) before income taxes", "65", "87", "99", "143" ], [ "Net earnings (loss)", "44", "57", "69", "91" ], [ "Dividends declared per share", "$0.10", "$0.10", "$0.10", "$0.20" ], [ "Basic earnings (loss) per share", "$0.88", "$1.14", "$1.38", "$1.86" ], [ "Diluted earnings (loss) per share", "$0.87", "$1.12", "$1.36", "$1.82" ] ]

[ [ "( $ in millions except per share amounts )", "year ended december 31 2013 1st qtr", "year ended december 31 2013 2nd qtr", "year ended december 31 2013 3rd qtr", "year ended december 31 2013 4th qtr" ], [ "sales and service revenues", "$ 1562", "$ 1683", "$ 1637", "$ 1938" ], [ "operating income ( loss )", "95", "116", "127", "174" ], [ "earnings ( loss ) before income taxes", "65", "87", "99", "143" ], [ "net earnings ( loss )", "44", "57", "69", "91" ], [ "dividends declared per share", "$ 0.10", "$ 0.10", "$ 0.10", "$ 0.20" ], [ "basic earnings ( loss ) per share", "$ 0.88", "$ 1.14", "$ 1.38", "$ 1.86" ], [ "diluted earnings ( loss ) per share", "$ 0.87", "$ 1.12", "$ 1.36", "$ 1.82" ] ]

[]

[ "until the hedged transaction is recognized in earnings .", "changes in the fair value of the derivatives that are attributable to the ineffective portion of the hedges , or of derivatives that are not considered to be highly effective hedges , if any , are immediately recognized in earnings .", "the aggregate notional amount of our outstanding foreign currency hedges at december 31 , 2012 and 2011 was $ 1.3 billion and $ 1.7 billion .", "the aggregate notional amount of our outstanding interest rate swaps at december 31 , 2012 and 2011 was $ 503 million and $ 450 million .", "derivative instruments did not have a material impact on net earnings and comprehensive income during 2012 , 2011 , and 2010 .", "substantially all of our derivatives are designated for hedge accounting .", "see note 15 for more information on the fair value measurements related to our derivative instruments .", "stock-based compensation 2013 compensation cost related to all share-based payments including stock options and restricted stock units is measured at the grant date based on the estimated fair value of the award .", "we generally recognize the compensation cost ratably over a three-year vesting period .", "income taxes 2013 we periodically assess our tax filing exposures related to periods that are open to examination .", "based on the latest available information , we evaluate our tax positions to determine whether the position will more likely than not be sustained upon examination by the internal revenue service ( irs ) .", "if we cannot reach a more-likely-than-not determination , no benefit is recorded .", "if we determine that the tax position is more likely than not to be sustained , we record the largest amount of benefit that is more likely than not to be realized when the tax position is settled .", "we record interest and penalties related to income taxes as a component of income tax expense on our statements of earnings .", "interest and penalties are not material .", "accumulated other comprehensive loss 2013 changes in the balance of accumulated other comprehensive loss , net of income taxes , consisted of the following ( in millions ) : postretirement benefit plan adjustments other , net accumulated comprehensive ." ]

[ "the postretirement benefit plan adjustments are shown net of tax benefits at december 31 , 2012 , 2011 , and 2010 of $ 7.4 billion , $ 6.1 billion , and $ 4.9 billion .", "these tax benefits include amounts recognized on our income tax returns as current deductions and deferred income taxes , which will be recognized on our tax returns in future years .", "see note 7 and note 9 for more information on our income taxes and postretirement plans .", "recent accounting pronouncements 2013 effective january 1 , 2012 , we retrospectively adopted new guidance issued by the financial accounting standards board by presenting total comprehensive income and the components of net income and other comprehensive loss in two separate but consecutive statements .", "the adoption of this guidance resulted only in a change in how we present other comprehensive loss in our consolidated financial statements and did not have any impact on our results of operations , financial position , or cash flows. ." ]

[ [ "", "Postretirement Benefit Plan Adjustments", "Other, net", "Accumulated Other Comprehensive Loss" ], [ "Balance at January 1, 2010", "$(8,564)", "$(31)", "$(8,595)" ], [ "Other comprehensive (loss) income", "(430)", "15", "(415)" ], [ "Balance at December 31, 2010", "(8,994)", "(16)", "(9,010)" ], [ "Other comprehensive loss", "(2,192)", "(55)", "(2,247)" ], [ "Balance at December 31, 2011", "(11,186)", "(71)", "(11,257)" ], [ "Other comprehensive (loss) income", "(2,346)", "110", "(2,236)" ], [ "Balance at December 31, 2012", "$(13,532)", "$39", "$(13,493)" ] ]

[ [ "", "postretirement benefit plan adjustments", "other net", "accumulated other comprehensive loss" ], [ "balance at january 1 2010", "$ -8564 ( 8564 )", "$ -31 ( 31 )", "$ -8595 ( 8595 )" ], [ "other comprehensive ( loss ) income", "-430 ( 430 )", "15", "-415 ( 415 )" ], [ "balance at december 31 2010", "-8994 ( 8994 )", "-16 ( 16 )", "-9010 ( 9010 )" ], [ "other comprehensive loss", "-2192 ( 2192 )", "-55 ( 55 )", "-2247 ( 2247 )" ], [ "balance at december 31 2011", "-11186 ( 11186 )", "-71 ( 71 )", "-11257 ( 11257 )" ], [ "other comprehensive ( loss ) income", "-2346 ( 2346 )", "110", "-2236 ( 2236 )" ], [ "balance at december 31 2012", "$ -13532 ( 13532 )", "$ 39", "$ -13493 ( 13493 )" ] ]

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[ "cdw corporation and subsidiaries notes to consolidated financial statements 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters 2019 exercise in full of the overallotment option granted to them in connection with the ipo .", "because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator .", "such shares will be fully reflected in the 2014 denominator .", "see note 9 for additional discussion of the ipo .", "the dilutive effect of outstanding restricted stock , restricted stock units , stock options and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method .", "the following is a reconciliation of basic shares to diluted shares: ." ]

[ "for the years ended december 31 , 2013 , 2012 and 2011 , diluted earnings per share excludes the impact of 0.0 million , 0.0 million , and 4.3 million potential common shares , respectively , as their inclusion would have had an anti-dilutive effect .", "12 .", "deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan .", "the total number of rdus that can be granted under the rdu plan is 28500 .", "at december 31 , 2013 , 28500 rdus were outstanding .", "rdus that are outstanding vest daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 .", "participants have no rights to the underlying debt .", "the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component .", "the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the 201cdebt pool 201d ) , together with certain redemption premium equivalents as noted below .", "the interest component credits the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below .", "interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates .", "payments totaling $ 1.7 million and $ 1.3 million were made to participants under the rdu plan in april and october 2013 , respectively , in connection with the semi-annual interest payments due .", "the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 .", "in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan .", "in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes .", "in addition , the company added $ 1.4 million to the principal component in the year ended december 31 , 2013 as redemption premium equivalents in accordance with the terms of the rdu plan .", "under the terms of the amended rdu plan , upon the partial redemption of outstanding senior subordinated notes , the rdus ceased to accrue the proportionate related interest component credits .", "the ." ]

[ [ "", "Years Ended December 31," ], [ "(in millions)", "2013", "2012", "2011" ], [ "Weighted-average shares - basic", "156.6", "145.1", "144.8" ], [ "Effect of dilutive securities", "2.1", "0.7", "0.1" ], [ "Weighted-average shares - diluted", "158.7", "145.8", "144.9" ] ]

[ [ "( in millions )", "years ended december 31 , 2013", "years ended december 31 , 2012", "years ended december 31 , 2011" ], [ "weighted-average shares - basic", "156.6", "145.1", "144.8" ], [ "effect of dilutive securities", "2.1", "0.7", "0.1" ], [ "weighted-average shares - diluted", "158.7", "145.8", "144.9" ] ]

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[ "10-k altria ar release tuesday , february 27 , 2018 10:00pm andra design llc the relative percentages of operating companies income ( loss ) attributable to each reportable segment and the all other category were as follows: ." ]

[ "for items affecting the comparability of the relative percentages of operating companies income ( loss ) attributable to each reportable segment , see note 15 .", "narrative description of business portions of the information called for by this item are included in operating results by business segment in item 7 .", "management 2019s discussion and analysis of financial condition and results of operations of this annual report on form 10-k ( 201citem 7 201d ) .", "tobacco space altria group , inc . 2019s tobacco operating companies include pm usa , usstc and other subsidiaries of ust , middleton , nu mark and nat sherman .", "altria group distribution company provides sales and distribution services to altria group , inc . 2019s tobacco operating companies .", "the products of altria group , inc . 2019s tobacco subsidiaries include smokeable tobacco products , consisting of cigarettes manufactured and sold by pm usa and nat sherman , machine- made large cigars and pipe tobacco manufactured and sold by middleton and premium cigars sold by nat sherman ; smokeless tobacco products manufactured and sold by usstc ; and innovative tobacco products , including e-vapor products manufactured and sold by nu mark .", "cigarettes : pm usa is the largest cigarette company in the united states .", "marlboro , the principal cigarette brand of pm usa , has been the largest-selling cigarette brand in the united states for over 40 years .", "nat sherman sells substantially all of its super premium cigarettes in the united states .", "total smokeable products segment 2019s cigarettes shipment volume in the united states was 116.6 billion units in 2017 , a decrease of 5.1% ( 5.1 % ) from cigars : middleton is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco .", "middleton contracts with a third-party importer to supply a majority of its cigars and sells substantially all of its cigars to customers in the united states .", "black & mild is the principal cigar brand of middleton .", "nat sherman sources all of its cigars from third-party suppliers and sells substantially all of its cigars to customers in the united states .", "total smokeable products segment 2019s cigars shipment volume was approximately 1.5 billion units in 2017 , an increase of 9.9% ( 9.9 % ) from 2016 .", "smokeless tobacco products : usstc is the leading producer and marketer of moist smokeless tobacco ( 201cmst 201d ) products .", "the smokeless products segment includes the premium brands , copenhagen and skoal , and value brands , red seal and husky .", "substantially all of the smokeless tobacco products are manufactured and sold to customers in the united states .", "total smokeless products segment 2019s shipment volume was 841.3 million units in 2017 , a decrease of 1.4% ( 1.4 % ) from 2016 .", "innovative tobacco products : nu mark participates in the e-vapor category and has developed and commercialized other innovative tobacco products .", "in addition , nu mark sources the production of its e-vapor products through overseas contract manufacturing arrangements .", "in 2013 , nu mark introduced markten e-vapor products .", "in april 2014 , nu mark acquired the e-vapor business of green smoke , inc .", "and its affiliates ( 201cgreen smoke 201d ) , which began selling e-vapor products in 2009 .", "in 2017 , altria group , inc . 2019s subsidiaries purchased certain intellectual property related to innovative tobacco products .", "in december 2013 , altria group , inc . 2019s subsidiaries entered into a series of agreements with philip morris international inc .", "( 201cpmi 201d ) pursuant to which altria group , inc . 2019s subsidiaries provide an exclusive license to pmi to sell nu mark 2019s e-vapor products outside the united states , and pmi 2019s subsidiaries provide an exclusive license to altria group , inc . 2019s subsidiaries to sell two of pmi 2019s heated tobacco product platforms in the united states .", "further , in july 2015 , altria group , inc .", "announced the expansion of its strategic framework with pmi to include a joint research , development and technology-sharing agreement .", "under this agreement , altria group , inc . 2019s subsidiaries and pmi will collaborate to develop e-vapor products for commercialization in the united states by altria group , inc . 2019s subsidiaries and in markets outside the united states by pmi .", "this agreement also provides for exclusive technology cross licenses , technical information sharing and cooperation on scientific assessment , regulatory engagement and approval related to e-vapor products .", "in the fourth quarter of 2016 , pmi submitted a modified risk tobacco product ( 201cmrtp 201d ) application for an electronically heated tobacco product with the united states food and drug administration 2019s ( 201cfda 201d ) center for tobacco products and filed its corresponding pre-market tobacco product application in the first quarter of 2017 .", "upon regulatory authorization by the fda , altria group , inc . 2019s subsidiaries will have an exclusive license to sell this heated tobacco product in the united states .", "distribution , competition and raw materials : altria group , inc . 2019s tobacco subsidiaries sell their tobacco products principally to wholesalers ( including distributors ) , large retail organizations , including chain stores , and the armed services .", "the market for tobacco products is highly competitive , characterized by brand recognition and loyalty , with product quality , taste , price , product innovation , marketing , packaging and distribution constituting the significant methods of competition .", "promotional activities include , in certain instances and where permitted by law , allowances , the distribution of incentive items , price promotions , product promotions , coupons and other discounts. ." ]

[ [ "", "2017", "2016", "2015" ], [ "Smokeable products", "85.8%", "86.2%", "87.4%" ], [ "Smokeless products", "13.2", "13.1", "12.8" ], [ "Wine", "1.5", "1.8", "1.8" ], [ "All other", "(0.5)", "(1.1)", "(2.0)" ], [ "Total", "100.0%", "100.0%", "100.0%" ] ]

[ [ "", "2017", "2016", "2015" ], [ "smokeable products", "85.8% ( 85.8 % )", "86.2% ( 86.2 % )", "87.4% ( 87.4 % )" ], [ "smokeless products", "13.2", "13.1", "12.8" ], [ "wine", "1.5", "1.8", "1.8" ], [ "all other", "-0.5 ( 0.5 )", "-1.1 ( 1.1 )", "-2.0 ( 2.0 )" ], [ "total", "100.0% ( 100.0 % )", "100.0% ( 100.0 % )", "100.0% ( 100.0 % )" ] ]

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[ "in addition , the company has reclassified the following amounts from 201cdistributions from other invested assets 201d included in cash flows from investing activities to 201cdistribution of limited partnership income 201d included in cash flows from operations for interim reporting periods of 2013 : $ 33686 thousand for the three months ended march 31 , 2013 ; $ 9409 thousand and $ 43095 thousand for the three months and six months ended june 30 , 2013 , respectively ; and $ 5638 thousand and $ 48733 thousand for the three months and nine months ended september 30 , 2013 , respectively .", "b .", "investments .", "fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets .", "fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) .", "the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities .", "the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities .", "fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency .", "the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities .", "for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions .", "interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) .", "unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses .", "short-term investments are stated at cost , which approximates market value .", "realized gains or losses on sales of investments are determined on the basis of identified cost .", "for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s .", "treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security .", "for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs .", "when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value .", "retrospective adjustments are employed to recalculate the values of asset-backed securities .", "each acquisition lot is reviewed to recalculate the effective yield .", "the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition .", "outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities .", "conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types .", "other invested assets include limited partnerships , rabbi trusts and an affiliated entity .", "limited partnerships and the affiliated entity are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag .", "c .", "uncollectible receivable balances .", "the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances .", "such reserves are presented in the table below for the periods indicated. ." ]

[ "." ]

[ [ "", "Years Ended December 31," ], [ "(Dollars in thousands)", "2013", "2012" ], [ "Reinsurance receivables and premium receivables", "$29,905", "$32,011" ] ]

[ [ "( dollars in thousands )", "years ended december 31 , 2013", "years ended december 31 , 2012" ], [ "reinsurance receivables and premium receivables", "$ 29905", "$ 32011" ] ]

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[ "3 .", "discontinued operations during the second quarter of 2012 , the board of directors authorized the sale of our homecare business , which had previously been reported as part of the merchant gases operating segment .", "this business has been accounted for as a discontinued operation .", "in the third quarter of 2012 , we sold the majority of our homecare business to the linde group for sale proceeds of 20ac590 million ( $ 777 ) and recognized a gain of $ 207.4 ( $ 150.3 after-tax , or $ .70 per share ) .", "the sale proceeds included 20ac110 million ( $ 144 ) that was contingent on the outcome of certain retender arrangements .", "these proceeds were reflected in payables and accrued liabilities on our consolidated balance sheet as of 30 september 2013 .", "based on the outcome of the retenders , we were contractually required to return proceeds to the linde group .", "in the fourth quarter of 2014 , we made a payment to settle this liability and recognized a gain of $ 1.5 .", "during the third quarter of 2012 , an impairment charge of $ 33.5 ( $ 29.5 after-tax , or $ .14 per share ) was recorded to write down the remaining business , which was primarily in the united kingdom and ireland , to its estimated net realizable value .", "in the fourth quarter of 2013 , an additional charge of $ 18.7 ( $ 13.6 after-tax , or $ .06 per share ) was recorded to update our estimate of the net realizable value .", "in the first quarter of 2014 , we sold the remaining portion of the homecare business for a36.1 million ( $ 9.8 ) and recorded a gain on sale of $ 2.4 .", "we entered into an operations guarantee related to the obligations under certain homecare contracts assigned in connection with the transaction .", "refer to note 16 , commitments and contingencies , for additional information .", "the results of discontinued operations are summarized below: ." ]

[ "the assets and liabilities classified as discontinued operations for the homecare business at 30 september 2013 consisted of $ 2.5 in trade receivables , net , and $ 2.4 in payables and accrued liabilities .", "as of 30 september 2014 , no assets or liabilities were classified as discontinued operations. ." ]

[ [ "", "2014", "2013", "2012" ], [ "Sales", "$8.5", "$52.3", "$258.0" ], [ "Income before taxes", "$.7", "$3.8", "$68.1" ], [ "Income tax provision", "—", ".2", "20.8" ], [ "Income from operations of discontinued operations", ".7", "3.6", "47.3" ], [ "Gain (Loss) on sale of business and impairment/write-down, net of tax", "3.9", "(13.6)", "120.8" ], [ "Income (Loss) from Discontinued Operations, net of tax", "$4.6", "$(10.0)", "$168.1" ] ]

[ [ "", "2014", "2013", "2012" ], [ "sales", "$ 8.5", "$ 52.3", "$ 258.0" ], [ "income before taxes", "$ .7", "$ 3.8", "$ 68.1" ], [ "income tax provision", "2014", ".2", "20.8" ], [ "income from operations of discontinued operations", ".7", "3.6", "47.3" ], [ "gain ( loss ) on sale of business and impairment/write-down net of tax", "3.9", "-13.6 ( 13.6 )", "120.8" ], [ "income ( loss ) from discontinued operations net of tax", "$ 4.6", "$ -10.0 ( 10.0 )", "$ 168.1" ] ]

[ { "arg1": "8.5", "arg2": "52.3", "op": "minus1-1", "res": "-43.8" }, { "arg1": "#0", "arg2": "52.3", "op": "divide1-2", "res": "-83.74%" } ]

[ "as described above , the borrowings are extended on a non-recourse basis .", "as such , there is no credit or market risk exposure to us on the assets , and as a result the terms of the amlf permit exclusion of the assets from regulatory leverage and risk-based capital calculations .", "the interest rate on the borrowings is set by the federal reserve bank , and we earn net interest revenue by earning a spread on the difference between the yield we earn on the assets and the rate we pay on the borrowings .", "for 2008 , we earned net interest revenue associated with this facility of approximately $ 68 million .", "separately , we currently maintain a commercial paper program under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue .", "at december 31 , 2008 and 2007 , $ 2.59 billion and $ 2.36 billion , respectively , of commercial paper were outstanding .", "in addition , state street bank currently has board authority to issue bank notes up to an aggregate of $ 5 billion , including up to $ 2.48 billion of senior notes under the fdic 2019s temporary liquidity guarantee program , instituted by the fdic in october 2008 for qualified senior debt issued through june 30 , 2009 , and up to $ 1 billion of subordinated bank notes ( see note 10 ) .", "at december 31 , 2008 and 2007 , no notes payable were outstanding , and at december 31 , 2008 , all $ 5 billion was available for issuance .", "state street bank currently maintains a line of credit of cad $ 800 million , or approximately $ 657 million , to support its canadian securities processing operations .", "the line of credit has no stated termination date and is cancelable by either party with prior notice .", "at december 31 , 2008 , no balance was due on this line of credit .", "note 9 .", "restructuring charges in december 2008 , we implemented a plan to reduce our expenses from operations and support our long- term growth .", "in connection with this plan , we recorded aggregate restructuring charges of $ 306 million in our consolidated statement of income .", "the primary component of the plan was an involuntary reduction of approximately 7% ( 7 % ) of our global workforce , which reduction we expect to be substantially completed by the end of the first quarter of 2009 .", "other components of the plan included costs related to lease and software license terminations , restructuring of agreements with technology providers and other costs .", "of the aggregate restructuring charges of $ 306 million , $ 243 million related to severance , a portion of which will be paid in a lump sum or over a defined period , and a portion of which will provide related benefits and outplacement services for approximately 2100 employees identified for involuntary termination in connection with the plan ; $ 49 million related to future lease obligations and write-offs of capitalized assets , including $ 23 million for impairment of other intangible assets ; $ 10 million of costs associated with information technology and $ 4 million of other restructuring costs .", "the severance component included $ 47 million related to accelerated vesting of equity-based compensation .", "in december 2008 , approximately 620 employees were involuntarily terminated and left state street .", "the following table presents the activity in the related balance sheet reserve for 2008 .", "( in millions ) severance lease and write-offs information technology other total ." ]

[ "." ]

[ [ "(In millions)", "Severance", "Lease and Asset Write-Offs", "Information Technology", "Other", "Total" ], [ "Initial accrual", "$250", "$42", "$10", "$4", "$306" ], [ "Payments and adjustments", "(20)", "(25)", "(10)", "(1)", "(56)" ], [ "Balance at December 31, 2008", "$230", "$17", "—", "$3", "$250" ] ]

[ [ "( in millions )", "severance", "lease and asset write-offs", "information technology", "other", "total" ], [ "initial accrual", "$ 250", "$ 42", "$ 10", "$ 4", "$ 306" ], [ "payments and adjustments", "-20 ( 20 )", "-25 ( 25 )", "-10 ( 10 )", "-1 ( 1 )", "-56 ( 56 )" ], [ "balance at december 31 2008", "$ 230", "$ 17", "2014", "$ 3", "$ 250" ] ]

[]

[ "december 18 , 2007 , we issued an additional 23182197 shares of common stock to citadel .", "the issuances were exempt from registration pursuant to section 4 ( 2 ) of the securities act of 1933 , and each purchaser has represented to us that it is an 201caccredited investor 201d as defined in regulation d promulgated under the securities act of 1933 , and that the common stock was being acquired for investment .", "we did not engage in a general solicitation or advertising with regard to the issuances of the common stock and have not offered securities to the public in connection with the issuances .", "see item 1 .", "business 2014citadel investment .", "performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor 2019s ( 201cs&p 201d ) 500 and the s&p super cap diversified financials during the period from december 31 , 2002 through december 31 , 2007. ." ]

[ "2022 $ 100 invested on 12/31/02 in stock or index-including reinvestment of dividends .", "fiscal year ending december 31 .", "2022 copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .", "all rights reserved .", "www.researchdatagroup.com/s&p.htm ." ]

[ [ "", "12/02", "12/03", "12/04", "12/05", "12/06", "12/07" ], [ "E*TRADE Financial Corporation", "100.00", "260.29", "307.61", "429.22", "461.32", "73.05" ], [ "S&P 500", "100.00", "128.68", "142.69", "149.70", "173.34", "182.87" ], [ "S&P Super Cap Diversified Financials", "100.00", "139.29", "156.28", "170.89", "211.13", "176.62" ] ]

[ [ "", "12/02", "12/03", "12/04", "12/05", "12/06", "12/07" ], [ "e*trade financial corporation", "100.00", "260.29", "307.61", "429.22", "461.32", "73.05" ], [ "s&p 500", "100.00", "128.68", "142.69", "149.70", "173.34", "182.87" ], [ "s&p super cap diversified financials", "100.00", "139.29", "156.28", "170.89", "211.13", "176.62" ] ]

[ { "arg1": "429.22", "arg2": "307.61", "op": "minus2-1", "res": "121.61" }, { "arg1": "#0", "arg2": "307.61", "op": "divide2-2", "res": "39.5%" } ]

[ "notes to consolidated financial statements ( continued ) note 4 2014acquisitions ( continued ) acquisition of emagic gmbh during the fourth quarter of 2002 , the company acquired emagic gmbh ( emagic ) , a provider of professional software solutions for computer based music production , for approximately $ 30 million in cash ; $ 26 million of which was paid immediately upon closing of the deal and $ 4 million of which was held-back for future payment contingent on continued employment by certain employees that would be allocated to future compensation expense in the appropriate periods over the following 3 years .", "during fiscal 2003 , contingent consideration totaling $ 1.3 million was paid .", "the acquisition has been accounted for as a purchase .", "the portion of the purchase price allocated to purchased in-process research and development ( ipr&d ) was expensed immediately , and the portion of the purchase price allocated to acquired technology and to tradename will be amortized over their estimated useful lives of 3 years .", "goodwill associated with the acquisition of emagic is not subject to amortization pursuant to the provisions of sfas no .", "142 .", "total consideration was allocated as follows ( in millions ) : ." ]

[ "the amount of the purchase price allocated to ipr&d was expensed upon acquisition , because the technological feasibility of products under development had not been established and no alternative future uses existed .", "the ipr&d relates primarily to emagic 2019s logic series technology and extensions .", "at the date of the acquisition , the products under development were between 43%-83% ( 43%-83 % ) complete , and it was expected that the remaining work would be completed during the company 2019s fiscal 2003 at a cost of approximately $ 415000 .", "the remaining efforts , which were completed in 2003 , included finalizing user interface design and development , and testing .", "the fair value of the ipr&d was determined using an income approach , which reflects the projected free cash flows that will be generated by the ipr&d projects and that are attributable to the acquired technology , and discounting the projected net cash flows back to their present value using a discount rate of 25% ( 25 % ) .", "acquisition of certain assets of zayante , inc. , prismo graphics , and silicon grail during fiscal 2002 the company acquired certain technology and patent rights of zayante , inc. , prismo graphics , and silicon grail corporation for a total of $ 20 million in cash .", "these transactions have been accounted for as asset acquisitions .", "the purchase price for these asset acquisitions , except for $ 1 million identified as contingent consideration which would be allocated to compensation expense over the following 3 years , has been allocated to acquired technology and would be amortized on a straight-line basis over 3 years , except for certain assets acquired from zayante associated with patent royalty streams that would be amortized over 10 years .", "acquisition of nothing real , llc during the second quarter of 2002 , the company acquired certain assets of nothing real , llc ( nothing real ) , a privately-held company that develops and markets high performance tools designed for the digital image creation market .", "of the $ 15 million purchase price , the company has allocated $ 7 million to acquired technology , which will be amortized over its estimated life of 5 years .", "the remaining $ 8 million , which has been identified as contingent consideration , rather than recorded as an additional component of ." ]

[ [ "Net tangible assets acquired", "$2.3" ], [ "Acquired technology", "3.8" ], [ "Tradename", "0.8" ], [ "In-process research and development", "0.5" ], [ "Goodwill", "18.6" ], [ "Total consideration", "$26.0" ] ]

[ [ "net tangible assets acquired", "$ 2.3" ], [ "acquired technology", "3.8" ], [ "tradename", "0.8" ], [ "in-process research and development", "0.5" ], [ "goodwill", "18.6" ], [ "total consideration", "$ 26.0" ] ]

[]

[ "no .", "159 requires that unrealized gains and losses on items for which the fair value option has been elected be reported in earnings at each reporting date .", "sfas no .", "159 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .", "although the company will continue to evaluate the application of sfas no .", "159 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .", "in september 2006 , the fasb issued sfas no .", "157 , fair value measurements , which defines fair value , provides a framework for measuring fair value , and expands the disclosures required for fair value measurements .", "sfas no .", "157 applies to other accounting pronouncements that require fair value measurements ; it does not require any new fair value measurements .", "sfas no .", "157 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .", "although the company will continue to evaluate the application of sfas no .", "157 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .", "in june 2006 , the fasb issued fasb interpretation no .", "( 2018 2018fin 2019 2019 ) 48 , accounting for uncertainty in income taxes-an interpretation of fasb statement no .", "109 .", "fin 48 clarifies the accounting for uncertainty in income taxes by creating a framework for how companies should recognize , measure , present , and disclose in their financial statements uncertain tax positions that they have taken or expect to take in a tax return .", "fin 48 is effective for fiscal years beginning after december 15 , 2006 and is required to be adopted by the company beginning in the first quarter of fiscal 2008 .", "although the company will continue to evaluate the application of fin 48 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .", "liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 ." ]

[ "as of september 29 , 2007 , the company had $ 15.4 billion in cash , cash equivalents , and short-term investments , an increase of $ 5.3 billion over the same balance at the end of september 30 , 2006 .", "the principal components of this net increase were cash generated by operating activities of $ 5.5 billion , proceeds from the issuance of common stock under stock plans of $ 365 million and excess tax benefits from stock-based compensation of $ 377 million .", "these increases were partially offset by payments for acquisitions of property , plant , and equipment of $ 735 million and payments for acquisitions of intangible assets of $ 251 million .", "the company 2019s short-term investment portfolio is primarily invested in highly rated , liquid investments .", "as of september 29 , 2007 and september 30 , 2006 , $ 6.5 billion and $ 4.1 billion , respectively , of the company 2019s cash , cash equivalents , and short-term investments were held by foreign subsidiaries and are generally based in u.s .", "dollar-denominated holdings .", "the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months. ." ]

[ [ "", "September 29, 2007", "September 30, 2006", "September 24, 2005" ], [ "Cash, cash equivalents, and short-term investments", "$15,386", "$10,110", "$8,261" ], [ "Accounts receivable, net", "$1,637", "$1,252", "$895" ], [ "Inventory", "$346", "$270", "$165" ], [ "Working capital", "$12,657", "$8,066", "$6,813" ], [ "Annual operating cash flow", "$5,470", "$2,220", "$2,535" ] ]

[ [ "", "september 29 2007", "september 30 2006", "september 24 2005" ], [ "cash cash equivalents and short-term investments", "$ 15386", "$ 10110", "$ 8261" ], [ "accounts receivable net", "$ 1637", "$ 1252", "$ 895" ], [ "inventory", "$ 346", "$ 270", "$ 165" ], [ "working capital", "$ 12657", "$ 8066", "$ 6813" ], [ "annual operating cash flow", "$ 5470", "$ 2220", "$ 2535" ] ]

[ { "arg1": "270", "arg2": "165", "op": "minus1-1", "res": "105" }, { "arg1": "#0", "arg2": "165", "op": "divide1-2", "res": "64%" } ]

[ "jpmorgan chase & co./2016 annual report 49 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities .", "cib 2019s markets businesses represent both fixed income markets and equity markets .", "the data presented below are non-gaap financial measures due to the exclusion of net interest income from cib 2019s markets businesses ( 201ccib markets 201d ) .", "management believes this exclusion provides investors and analysts with another measure by which to analyze the non- markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities .", "year ended december 31 , ( in millions , except rates ) 2016 2015 2014 net interest income 2013 managed basis ( a ) ( b ) $ 47292 $ 44620 $ 44619 less : cib markets net interest income ( c ) 6334 5298 6032 net interest income excluding cib markets ( a ) $ 40958 $ 39322 $ 38587 average interest-earning assets $ 2101604 $ 2088242 $ 2049093 less : average cib markets interest-earning assets ( c ) 520307 510292 522989 average interest-earning assets excluding cib markets $ 1581297 $ 1577950 $ 1526104 net interest yield on average interest-earning assets 2013 managed basis 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) 2.18% ( 2.18 % ) net interest yield on average cib markets interest- earning assets ( c ) 1.22 1.04 1.15 net interest yield on average interest-earning assets excluding cib markets 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) 2.53% ( 2.53 % ) ( a ) interest includes the effect of related hedges .", "taxable-equivalent amounts are used where applicable .", "( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s .", "gaap results to managed basis on page 48 .", "( c ) prior period amounts were revised to align with cib 2019s markets businesses .", "for further information on cib 2019s markets businesses , see page 61 .", "calculation of certain u.s .", "gaap and non-gaap financial measures certain u.s .", "gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity ." ]

[ "jpmorgan chase & co./2016 annual report 49 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities .", "cib 2019s markets businesses represent both fixed income markets and equity markets .", "the data presented below are non-gaap financial measures due to the exclusion of net interest income from cib 2019s markets businesses ( 201ccib markets 201d ) .", "management believes this exclusion provides investors and analysts with another measure by which to analyze the non- markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities .", "year ended december 31 , ( in millions , except rates ) 2016 2015 2014 net interest income 2013 managed basis ( a ) ( b ) $ 47292 $ 44620 $ 44619 less : cib markets net interest income ( c ) 6334 5298 6032 net interest income excluding cib markets ( a ) $ 40958 $ 39322 $ 38587 average interest-earning assets $ 2101604 $ 2088242 $ 2049093 less : average cib markets interest-earning assets ( c ) 520307 510292 522989 average interest-earning assets excluding cib markets $ 1581297 $ 1577950 $ 1526104 net interest yield on average interest-earning assets 2013 managed basis 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) 2.18% ( 2.18 % ) net interest yield on average cib markets interest- earning assets ( c ) 1.22 1.04 1.15 net interest yield on average interest-earning assets excluding cib markets 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) 2.53% ( 2.53 % ) ( a ) interest includes the effect of related hedges .", "taxable-equivalent amounts are used where applicable .", "( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s .", "gaap results to managed basis on page 48 .", "( c ) prior period amounts were revised to align with cib 2019s markets businesses .", "for further information on cib 2019s markets businesses , see page 61 .", "calculation of certain u.s .", "gaap and non-gaap financial measures certain u.s .", "gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity ." ]

[ [ "Year ended December 31,(in millions, except rates)", "2016", "2015", "2014" ], [ "Net interest income – managed basis^(a)(b)", "$47,292", "$44,620", "$44,619" ], [ "Less: CIB Markets net interest income^(c)", "6,334", "5,298", "6,032" ], [ "Net interest income excluding CIB Markets^(a)", "$40,958", "$39,322", "$38,587" ], [ "Average interest-earning assets", "$2,101,604", "$2,088,242", "$2,049,093" ], [ "Less: Average CIB Markets interest-earning assets^(c)", "520,307", "510,292", "522,989" ], [ "Average interest-earning assets excluding CIB Markets", "$1,581,297", "$1,577,950", "$1,526,104" ], [ "Net interest yield on average interest-earning assets – managed basis", "2.25%", "2.14%", "2.18%" ], [ "Net interest yield on average CIB Markets interest-earning assets^(c)", "1.22", "1.04", "1.15" ], [ "Net interest yield on average interest-earning assets excluding CIB Markets", "2.59%", "2.49%", "2.53%" ] ]

[ [ "year ended december 31 ( in millions except rates )", "2016", "2015", "2014" ], [ "net interest income 2013 managed basis ( a ) ( b )", "$ 47292", "$ 44620", "$ 44619" ], [ "less : cib markets net interest income ( c )", "6334", "5298", "6032" ], [ "net interest income excluding cib markets ( a )", "$ 40958", "$ 39322", "$ 38587" ], [ "average interest-earning assets", "$ 2101604", "$ 2088242", "$ 2049093" ], [ "less : average cib markets interest-earning assets ( c )", "520307", "510292", "522989" ], [ "average interest-earning assets excluding cib markets", "$ 1581297", "$ 1577950", "$ 1526104" ], [ "net interest yield on average interest-earning assets 2013 managed basis", "2.25% ( 2.25 % )", "2.14% ( 2.14 % )", "2.18% ( 2.18 % )" ], [ "net interest yield on average cib markets interest-earning assets ( c )", "1.22", "1.04", "1.15" ], [ "net interest yield on average interest-earning assets excluding cib markets", "2.59% ( 2.59 % )", "2.49% ( 2.49 % )", "2.53% ( 2.53 % )" ] ]

[]

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

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

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

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

[ { "arg1": "38.4", "arg2": "42.7", "op": "minus1-1", "res": "-4.3" }, { "arg1": "#0", "arg2": "42.7", "op": "divide1-2", "res": "-10%" } ]

[ "consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where 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 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 .", "compensation for work-related accidents is governed by the federal employers 2019 liability act ( fela ) .", "under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .", "our personal injury liability activity was as follows : millions of dollars 2006 2005 2004 ." ]

[ "our personal injury liability is discounted to present value using applicable u.s .", "treasury rates .", "approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims .", "personal injury accruals were higher in 2004 due to a 1998 crossing accident verdict upheld in 2004 and a 2004 derailment near san antonio .", "asbestos 2013 we are a defendant in a number of lawsuits in which current and former employees allege exposure to asbestos .", "additionally , we have received claims for asbestos exposure that have not been litigated .", "the claims and lawsuits ( collectively referred to as 201cclaims 201d ) allege occupational illness resulting from exposure to asbestos- containing products .", "in most cases , the claimants do not have credible medical evidence of physical impairment resulting from the alleged exposures .", "additionally , most claims filed against us do not specify an amount of alleged damages .", "during 2004 , we engaged a third party with extensive experience in estimating resolution costs for asbestos- related claims to assist us in assessing the number and value of these unasserted claims through 2034 , based on our average claims experience over a multi-year period .", "as a result , we increased our liability in 2004 for asbestos- related claims in the fourth quarter of 2004 .", "the liability for resolving both asserted and unasserted claims was based on the following assumptions : 2022 the number of future claims received would be consistent with historical averages .", "2022 the number of claims filed against us will decline each year .", "2022 the average settlement values for asserted and unasserted claims will be equivalent to historical averages .", "2022 the percentage of claims dismissed in the future will be equivalent to historical averages. ." ]

[ [ "<i>Millions of Dollars</i>", "2006", "2005", "2004" ], [ "Beginning balance", "$619", "$639", "$619" ], [ "Accruals", "240", "247", "288" ], [ "Payments", "(228)", "(267)", "(268)" ], [ "Ending balance at December 31", "$631", "$619", "$639" ], [ "Current portion, ending balance at December 31", "$233", "$274", "$274" ] ]

[ [ "millions of dollars", "2006", "2005", "2004" ], [ "beginning balance", "$ 619", "$ 639", "$ 619" ], [ "accruals", "240", "247", "288" ], [ "payments", "-228 ( 228 )", "-267 ( 267 )", "-268 ( 268 )" ], [ "ending balance at december 31", "$ 631", "$ 619", "$ 639" ], [ "current portion ending balance at december 31", "$ 233", "$ 274", "$ 274" ] ]

[ { "arg1": "631", "arg2": "619", "op": "minus2-1", "res": "12" }, { "arg1": "#0", "arg2": "619", "op": "divide2-2", "res": "2%" } ]

[ "morgan stanley notes to consolidated financial statements 2014 ( continued ) lending commitments .", "primary lending commitments are those that are originated by the company whereas secondary lending commitments are purchased from third parties in the market .", "the commitments include lending commitments that are made to investment grade and non-investment grade companies in connection with corporate lending and other business activities .", "commitments for secured lending transactions .", "secured lending commitments are extended by the company to companies and are secured by real estate or other physical assets of the borrower .", "loans made under these arrangements typically are at variable rates and generally provide for over-collateralization based upon the creditworthiness of the borrower .", "forward starting reverse repurchase agreements .", "the company has entered into forward starting securities purchased under agreements to resell ( agreements that have a trade date at or prior to december 31 , 2013 and settle subsequent to period-end ) that are primarily secured by collateral from u.s .", "government agency securities and other sovereign government obligations .", "commercial and residential mortgage-related commitments .", "the company enters into forward purchase contracts involving residential mortgage loans , residential mortgage lending commitments to individuals and residential home equity lines of credit .", "in addition , the company enters into commitments to originate commercial and residential mortgage loans .", "underwriting commitments .", "the company provides underwriting commitments in connection with its capital raising sources to a diverse group of corporate and other institutional clients .", "other lending commitments .", "other commitments generally include commercial lending commitments to small businesses and commitments related to securities-based lending activities in connection with the company 2019s wealth management business segment .", "the company sponsors several non-consolidated investment funds for third-party investors where the company typically acts as general partner of , and investment advisor to , these funds and typically commits to invest a minority of the capital of such funds , with subscribing third-party investors contributing the majority .", "the company 2019s employees , including its senior officers , as well as the company 2019s directors , may participate on the same terms and conditions as other investors in certain of these funds that the company forms primarily for client investment , except that the company may waive or lower applicable fees and charges for its employees .", "the company has contractual capital commitments , guarantees , lending facilities and counterparty arrangements with respect to these investment funds .", "premises and equipment .", "the company has non-cancelable operating leases covering premises and equipment ( excluding commodities operating leases , shown separately ) .", "at december 31 , 2013 , future minimum rental commitments under such leases ( net of subleases , principally on office rentals ) were as follows ( dollars in millions ) : year ended operating premises leases ." ]

[ "." ]

[ [ "Year Ended", "Operating Premises Leases" ], [ "2014", "$672" ], [ "2015", "656" ], [ "2016", "621" ], [ "2017", "554" ], [ "2018", "481" ], [ "Thereafter", "2,712" ] ]

[ [ "year ended", "operating premises leases" ], [ "2014", "$ 672" ], [ "2015", "656" ], [ "2016", "621" ], [ "2017", "554" ], [ "2018", "481" ], [ "thereafter", "2712" ] ]

[ { "arg1": "656", "arg2": "672", "op": "minus1-1", "res": "-16" }, { "arg1": "#0", "arg2": "672", "op": "divide1-2", "res": "-2%" } ]

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

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

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

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

[]

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

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

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

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

[]

[ "we cannot assure you that the gener restructuring will be completed or that the terms thereof will not be changed materially .", "in addition , gener is in the process of restructuring the debt of its subsidiaries , termoandes s.a .", "( 2018 2018termoandes 2019 2019 ) and interandes , s.a .", "( 2018 2018interandes 2019 2019 ) , and expects that the maturities of these obligations will be extended .", "under-performing businesses during 2003 we sold or discontinued under-performing businesses and construction projects that did not meet our investment criteria or did not provide reasonable opportunities to restructure .", "it is anticipated that there will be less ongoing activity related to write-offs of development or construction projects and impairment charges in the future .", "the businesses , which were affected in 2003 , are listed below .", "impairment project name project type date location ( in millions ) ." ]

[ "( 1 ) see note 4 2014discontinued operations .", "improving credit quality our de-leveraging efforts reduced parent level debt by $ 1.2 billion in 2003 ( including the secured equity-linked loan previously issued by aes new york funding l.l.c. ) .", "we refinanced and paid down near-term maturities by $ 3.5 billion and enhanced our year-end liquidity to over $ 1 billion .", "our average debt maturity was extended from 2009 to 2012 .", "at the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk .", "these factors resulted in an overall reduced cost of capital , improved credit statistics and expanded access to credit at both aes and our subsidiaries .", "liquidity at the aes parent level is an important factor for the rating agencies in determining whether the company 2019s credit quality should improve .", "currency and political risk tend to be biggest variables to sustaining predictable cash flow .", "the nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables .", "in 2003 , over 81% ( 81 % ) of cash distributions to the parent company were from u.s .", "large utilities and worldwide contract generation .", "on february 4 , 2004 , we called for redemption of $ 155049000 aggregate principal amount of outstanding 8% ( 8 % ) senior notes due 2008 , which represents the entire outstanding principal amount of the 8% ( 8 % ) senior notes due 2008 , and $ 34174000 aggregate principal amount of outstanding 10% ( 10 % ) secured senior notes due 2005 .", "the 8% ( 8 % ) senior notes due 2008 and the 10% ( 10 % ) secured senior notes due 2005 were redeemed on march 8 , 2004 at a redemption price equal to 100% ( 100 % ) of the principal amount plus accrued and unpaid interest to the redemption date .", "the mandatory redemption of the 10% ( 10 % ) secured senior notes due 2005 was being made with a portion of our 2018 2018adjusted free cash flow 2019 2019 ( as defined in the indenture pursuant to which the notes were issued ) for the fiscal year ended december 31 , 2003 as required by the indenture and was made on a pro rata basis .", "on february 13 , 2004 we issued $ 500 million of unsecured senior notes .", "the unsecured senior notes mature on march 1 , 2014 and are callable at our option at any time at a redemption price equal to 100% ( 100 % ) of the principal amount of the unsecured senior notes plus a make-whole premium .", "the unsecured senior notes were issued at a price of 98.288% ( 98.288 % ) and pay interest semi-annually at an annual ." ]

[ [ "Project Name", "Project Type", "Date", "Location", "Impairment (in millions)" ], [ "Ede Este (1)", "Operating", "December 2003", "Dominican Republic", "$60" ], [ "Wolf Hollow", "Operating", "December 2003", "United States", "$120" ], [ "Granite Ridge", "Operating", "December 2003", "United States", "$201" ], [ "Colombia I", "Operating", "November 2003", "Colombia", "$19" ], [ "Zeg", "Construction", "December 2003", "Poland", "$23" ], [ "Bujagali", "Construction", "August 2003", "Uganda", "$76" ], [ "El Faro", "Construction", "April 2003", "Honduras", "$20" ] ]

[ [ "project name", "project type", "date", "location", "impairment ( in millions )" ], [ "ede este ( 1 )", "operating", "december 2003", "dominican republic", "$ 60" ], [ "wolf hollow", "operating", "december 2003", "united states", "$ 120" ], [ "granite ridge", "operating", "december 2003", "united states", "$ 201" ], [ "colombia i", "operating", "november 2003", "colombia", "$ 19" ], [ "zeg", "construction", "december 2003", "poland", "$ 23" ], [ "bujagali", "construction", "august 2003", "uganda", "$ 76" ], [ "el faro", "construction", "april 2003", "honduras", "$ 20" ] ]

[ { "arg1": "23", "arg2": "76", "op": "add2-1", "res": "99" }, { "arg1": "#0", "arg2": "20", "op": "add2-2", "res": "119" } ]

[ "part ii , item 7 until maturity , effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.74% ( 4.74 % ) .", "the proceeds from these notes were used to repay commercial paper borrowings .", "0160 on april 20 , 2006 , the schlumberger board of directors approved a share repurchase program of up to 40 million shares of common stock to be acquired in the open market before april 2010 , subject to market conditions .", "this program was completed during the second quarter of 2008 .", "on april 17 , 2008 , the schlumberger board of directors approved an $ 8 billion share repurchase program for shares of schlumberger common stock , to be acquired in the open market before december 31 , 2011 , of which $ 1.43 billion had been repurchased as of december 31 , 2009 .", "the following table summarizes the activity under these share repurchase programs during 2009 , 2008 and ( stated in thousands except per share amounts and prices ) total cost of shares purchased total number of shares purchased average price paid per share ." ]

[ "0160 cash flow provided by operations was $ 5.3 billion in 2009 , $ 6.9 billion in 2008 and $ 6.3 billion in 2007 .", "the decline in cash flow from operations in 2009 as compared to 2008 was primarily driven by the decrease in net income experienced in 2009 and the significant pension plan contributions made during 2009 , offset by an improvement in working capital requirements .", "the improvement in 2008 as compared to 2007 was driven by the net income increase experienced in 2008 offset by required investments in working capital .", "the reduction in cash flows experienced by some of schlumberger 2019s customers as a result of global economic conditions could have significant adverse effects on their financial condition .", "this could result in , among other things , delay in , or nonpayment of , amounts that are owed to schlumberger , which could have a material adverse effect on schlumberger 2019s results of operations and cash flows .", "at times in recent quarters , schlumberger has experienced delays in payments from certain of its customers .", "schlumberger operates in approximately 80 countries .", "at december 31 , 2009 , only three of those countries individually accounted for greater than 5% ( 5 % ) of schlumberger 2019s accounts receivable balance of which only one represented greater than 0160 during 2008 and 2007 , schlumberger announced that its board of directors had approved increases in the quarterly dividend of 20% ( 20 % ) and 40% ( 40 % ) , respectively .", "total dividends paid during 2009 , 2008 and 2007 were $ 1.0 billion , $ 964 million and $ 771 million , respectively .", "0160 capital expenditures were $ 2.4 billion in 2009 , $ 3.7 billion in 2008 and $ 2.9 billion in 2007 .", "capital expenditures in 2008 and 2007 reflected the record activity levels experienced in those years .", "the decrease in capital expenditures in 2009 as compared to 2008 is primarily due to the significant activity decline during 2009 .", "oilfield services capital expenditures are expected to approach $ 2.4 billion for the full year 2010 as compared to $ 1.9 billion in 2009 and $ 3.0 billion in 2008 .", "westerngeco capital expenditures are expected to approach $ 0.3 billion for the full year 2010 as compared to $ 0.5 billion in 2009 and $ 0.7 billion in 2008. ." ]

[ [ "", "Total cost of shares purchased", "Total number of shares purchased", "Average price paid per share" ], [ "2009", "$500,097", "7,825.0", "$63.91" ], [ "2008", "$1,818,841", "21,064.7", "$86.35" ], [ "2007", "$1,355,000", "16,336.1", "$82.95" ] ]

[ [ "", "total cost of shares purchased", "total number of shares purchased", "average price paid per share" ], [ "2009", "$ 500097", "7825.0", "$ 63.91" ], [ "2008", "$ 1818841", "21064.7", "$ 86.35" ], [ "2007", "$ 1355000", "16336.1", "$ 82.95" ] ]

[ { "arg1": "63.91", "arg2": "82.95", "op": "minus2-1", "res": "-19.04" }, { "arg1": "#0", "arg2": "82.95", "op": "divide2-2", "res": "15.9%" } ]

[ "pre-construction costs , interim dam safety measures and environmental costs and construction costs .", "the authorized costs were being recovered via a surcharge over a twenty-year period which began in october 2012 .", "the unrecovered balance of project costs incurred , including cost of capital , net of surcharges totaled $ 85 million and $ 89 million as of december 31 , 2018 and 2017 , respectively .", "surcharges collected were $ 8 million and $ 7 million for the years ended december 31 , 2018 and 2017 , respectively .", "pursuant to the general rate case approved in december 2018 , approval was granted to reset the twenty-year amortization period to begin january 1 , 2018 and to establish an annual revenue requirement of $ 8 million to be recovered through base rates .", "debt expense is amortized over the lives of the respective issues .", "call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates .", "purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s utility subsidiary in california during 2002 , and acquisitions in 2007 by the company 2019s utility subsidiary in new jersey .", "as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization on the consolidated statements of operations through november 2048 .", "tank painting costs are generally deferred and amortized to operations and maintenance expense on the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service .", "as a result of the prepayment by american water capital corp. , the company 2019s wholly owned finance subsidiary ( 201cawcc 201d ) , of the 5.62% ( 5.62 % ) series c senior notes due upon maturity on december 21 , 2018 ( the 201cseries c notes 201d ) , 5.62% ( 5.62 % ) series e senior notes due march 29 , 2019 ( the 201cseries e notes 201d ) and 5.77% ( 5.77 % ) series f senior notes due december 21 , 2022 ( the 201cseries f notes , 201d and together with the series e notes , the 201cseries notes 201d ) , a make-whole premium of $ 10 million was paid to the holders of the series notes on september 11 , 2018 .", "substantially all of these early debt extinguishment costs were allocable to the company 2019s utility subsidiaries and recorded as regulatory assets , as the company believes they are probable of recovery in future rates .", "other regulatory assets include certain construction costs for treatment facilities , property tax stabilization , employee-related costs , deferred other postretirement benefit expense , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others .", "these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods .", "regulatory liabilities regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process .", "also , if costs expected to be incurred in the future are currently being recovered through rates , the company records those expected future costs as regulatory liabilities .", "the following table provides the composition of regulatory liabilities as of december 31: ." ]

[ "." ]

[ [ "", "2018", "2017" ], [ "Income taxes recovered through rates", "$1,279", "$1,242" ], [ "Removal costs recovered through rates", "309", "315" ], [ "Postretirement benefit liability", "209", "33" ], [ "Pension and other postretirement benefit balancing accounts", "46", "48" ], [ "TCJA reserve on revenue", "36", "—" ], [ "Other", "28", "26" ], [ "Total regulatory liabilities", "$1,907", "$1,664" ] ]

[ [ "", "2018", "2017" ], [ "income taxes recovered through rates", "$ 1279", "$ 1242" ], [ "removal costs recovered through rates", "309", "315" ], [ "postretirement benefit liability", "209", "33" ], [ "pension and other postretirement benefit balancing accounts", "46", "48" ], [ "tcja reserve on revenue", "36", "2014" ], [ "other", "28", "26" ], [ "total regulatory liabilities", "$ 1907", "$ 1664" ] ]

[ { "arg1": "89", "arg2": "85", "op": "minus2-1", "res": "4" }, { "arg1": "#0", "arg2": "89", "op": "divide2-2", "res": "4.5%" } ]

[ "as a result of the transaction , we recognized a net gain of approximately $ 1.3 billion , including $ 1.2 billion recognized in 2016 .", "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 .", "in 2017 , we recognized an additional gain of $ 73 million , which reflects certain post-closing adjustments , including certain tax adjustments and the final determination of net working capital .", "we classified the operating results of our former 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 operating results , prior to the august 16 , 2016 divestiture date , of the is&gs business that have been reflected within net earnings from discontinued operations for the year ended december 31 , 2016 are as follows ( in millions ) : ." ]

[ "the operating results of the is&gs business reported as discontinued operations are different than the results previously reported for the is&gs business segment .", "results reported within net earnings from discontinued operations only include costs that were directly attributable to the is&gs business and exclude certain corporate overhead costs that were previously allocated to the is&gs business .", "as a result , we reclassified $ 82 million in 2016 of corporate overhead costs from the is&gs business to other unallocated , net on our consolidated statement of earnings .", "additionally , we retained all assets and obligations related to the pension benefits earned by former is&gs business salaried employees through the date of divestiture .", "therefore , the non-service portion of net pension costs ( e.g. , interest cost , actuarial gains and losses and expected return on plan assets ) for these plans have been reclassified from the operating results of the is&gs business segment and reported as a reduction to the fas/cas pension adjustment .", "these net pension costs were $ 54 million for the year ended december 31 , 2016 .", "the service portion of net pension costs related to is&gs business 2019s salaried employees that transferred to leidos were included in the operating results of the is&gs business classified as discontinued operations because such costs are no longer incurred by us .", "significant severance charges related to the is&gs business were historically recorded at the lockheed martin corporate office .", "these charges have been reclassified into the operating results of the is&gs business , classified as discontinued operations , and excluded from the operating results of our continuing operations .", "the amount of severance charges reclassified were $ 19 million in 2016 .", "financial information related to cash flows generated by the is&gs business , such as depreciation and amortization , capital expenditures , and other non-cash items , included in our consolidated statement of cash flows for the years ended december 31 , 2016 were not significant. ." ]

[ [ "Net sales", "$3,410" ], [ "Cost of sales", "(2,953)" ], [ "Severance charges", "(19)" ], [ "Gross profit", "438" ], [ "Other income, net", "16" ], [ "Operating profit", "454" ], [ "Earnings from discontinued operations before income taxes", "454" ], [ "Income tax expense", "(147)" ], [ "Net gain on divestiture of discontinued operations", "1,205" ], [ "Net earnings from discontinued operations", "$1,512" ] ]

[ [ "net sales", "$ 3410" ], [ "cost of sales", "-2953 ( 2953 )" ], [ "severance charges", "-19 ( 19 )" ], [ "gross profit", "438" ], [ "other income net", "16" ], [ "operating profit", "454" ], [ "earnings from discontinued operations before income taxes", "454" ], [ "income tax expense", "-147 ( 147 )" ], [ "net gain on divestiture of discontinued operations", "1205" ], [ "net earnings from discontinued operations", "$ 1512" ] ]

[]

[ "devon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) proved undeveloped reserves the following table presents the changes in our total proved undeveloped reserves during 2011 ( in mmboe ) . ." ]

[ "at december 31 , 2011 , devon had 782 mmboe of proved undeveloped reserves .", "this represents a 6% ( 6 % ) decrease as compared to 2010 and represents 26% ( 26 % ) of its total proved reserves .", "drilling activities increased devon 2019s proved undeveloped reserves 148 mmboe and resulted in the conversion of 130 mmboe , or 16% ( 16 % ) , of the 2010 proved undeveloped reserves to proved developed reserves .", "additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 51 mmboe primarily due to its evaluation of certain u.s .", "onshore dry-gas areas , which it does not expect to develop in the next five years .", "the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas .", "a significant amount of devon 2019s proved undeveloped reserves at the end of 2011 largely related to its jackfish operations .", "at december 31 , 2011 and 2010 , devon 2019s jackfish proved undeveloped reserves were 367 mmboe and 396 mmboe , respectively .", "development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .", "processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .", "as a result , these reserves are classified as proved undeveloped for more than five years .", "currently , the development schedule for these reserves extends though the year 2025 .", "price revisions 2011 2014reserves decreased 21 mmboe due to lower gas prices and higher oil prices .", "the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .", "2010 2014reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices .", "the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .", "of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area .", "2009 2014reserves increased 177 mmboe due to higher oil prices , partially offset by lower gas prices .", "the increase in oil reserves primarily related to devon 2019s jackfish thermal heavy oil reserves in canada .", "at the end of 2008 , 331 mmboe of reserves related to jackfish were not considered proved .", "however , due to higher prices , these reserves were considered proved as of december 31 , 2009 .", "significantly lower gas prices caused devon 2019s reserves to decrease 116 mmboe , which primarily related to its u.s .", "reserves .", "revisions other than price total revisions other than price for 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above .", "total revisions other than price for 2010 and 2009 primarily related to devon 2019s drilling and development in the barnett shale. ." ]

[ [ "", "U.S. Onshore", "Canada", "North America" ], [ "Proved undeveloped reserves as of December 31, 2010", "411", "420", "831" ], [ "Extensions and discoveries", "118", "30", "148" ], [ "Revisions due to prices", "(2)", "(14)", "(16)" ], [ "Revisions other than price", "(56)", "5", "(51)" ], [ "Conversion to proved developed reserves", "(68)", "(62)", "(130)" ], [ "Proved undeveloped reserves as of December 31, 2011", "403", "379", "782" ] ]

[ [ "", "u.s . onshore", "canada", "north america" ], [ "proved undeveloped reserves as of december 31 2010", "411", "420", "831" ], [ "extensions and discoveries", "118", "30", "148" ], [ "revisions due to prices", "-2 ( 2 )", "-14 ( 14 )", "-16 ( 16 )" ], [ "revisions other than price", "-56 ( 56 )", "5", "-51 ( 51 )" ], [ "conversion to proved developed reserves", "-68 ( 68 )", "-62 ( 62 )", "-130 ( 130 )" ], [ "proved undeveloped reserves as of december 31 2011", "403", "379", "782" ] ]

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[ "management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2012 primarily related to payments for capital expenditures and acquisitions , partially offset by the net proceeds of $ 94.8 received from the sale of our remaining holdings in facebook .", "capital expenditures of $ 169.2 primarily related to computer hardware and software , and leasehold improvements .", "capital expenditures increased in 2012 compared to the prior year , primarily due to an increase in leasehold improvements made during the year .", "payments for acquisitions of $ 145.5 primarily related to payments for new acquisitions .", "financing activities 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 .", "net cash provided by financing activities during 2012 primarily reflected net proceeds from our debt transactions .", "we issued $ 300.0 in aggregate principal amount of 2.25% ( 2.25 % ) senior notes due 2017 ( the 201c2.25% ( 201c2.25 % ) notes 201d ) , $ 500.0 in aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2023 ( the 201c3.75% ( 201c3.75 % ) notes 201d ) and $ 250.0 in aggregate principal amount of 4.00% ( 4.00 % ) senior notes due 2022 ( the 201c4.00% ( 201c4.00 % ) notes 201d ) .", "the proceeds from the issuance of the 4.00% ( 4.00 % ) notes were applied towards the repurchase and redemption of $ 399.6 in aggregate principal amount of our 4.25% ( 4.25 % ) notes .", "offsetting the net proceeds from our debt transactions was the repurchase of 32.7 shares of our common stock for an aggregate cost of $ 350.5 , including fees , and dividend payments of $ 103.4 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 $ 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 , japanese yen , canadian dollar and south african rand as of december 31 , 2013 compared to december 31 , 2012 .", "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 $ 6.2 in 2012 .", "the decrease was a result of the u.s .", "dollar being stronger than several foreign currencies , including the brazilian real and south african rand , offset by the u.s .", "dollar being weaker than other foreign currencies , including the australian dollar , british pound and the euro , as of as of december 31 , 2012 compared to december 31 , 2011. ." ]

[ "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. ." ]

[ [ "", "December 31," ], [ "Balance Sheet Data", "2013", "2012" ], [ "Cash, cash equivalents and marketable securities", "$1,642.1", "$2,590.8" ], [ "Short-term borrowings", "$179.1", "$172.1" ], [ "Current portion of long-term debt", "353.6", "216.6" ], [ "Long-term debt", "1,129.8", "2,060.8" ], [ "Total debt", "$1,662.5", "$2,449.5" ] ]

[ [ "balance sheet data", "december 31 , 2013", "december 31 , 2012" ], [ "cash cash equivalents and marketable securities", "$ 1642.1", "$ 2590.8" ], [ "short-term borrowings", "$ 179.1", "$ 172.1" ], [ "current portion of long-term debt", "353.6", "216.6" ], [ "long-term debt", "1129.8", "2060.8" ], [ "total debt", "$ 1662.5", "$ 2449.5" ] ]

[ { "arg1": "1642.1", "arg2": "2590.8", "op": "minus2-1", "res": "-948.7" }, { "arg1": "#0", "arg2": "2590.8", "op": "divide2-2", "res": "-36.6%" } ]

[ "shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five- year period .", "the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2008 at the closing price on the last trading day of 2008 , and also assumes reinvestment of common stock dividends .", "the s&p financial index is a publicly available measure of 81 of the standard & poor's 500 companies , representing 17 diversified financial services companies , 22 insurance companies , 19 real estate companies and 23 banking companies .", "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 24 leading national money center and regional banks and thrifts. ." ]

[ "." ]

[ [ "", "2008", "2009", "2010", "2011", "2012", "2013" ], [ "State Street Corporation", "$100", "$111", "$118", "$105", "$125", "$198" ], [ "S&P 500 Index", "100", "126", "146", "149", "172", "228" ], [ "S&P Financial Index", "100", "117", "132", "109", "141", "191" ], [ "KBW Bank Index", "100", "98", "121", "93", "122", "168" ] ]

[ [ "", "2008", "2009", "2010", "2011", "2012", "2013" ], [ "state street corporation", "$ 100", "$ 111", "$ 118", "$ 105", "$ 125", "$ 198" ], [ "s&p 500 index", "100", "126", "146", "149", "172", "228" ], [ "s&p financial index", "100", "117", "132", "109", "141", "191" ], [ "kbw bank index", "100", "98", "121", "93", "122", "168" ] ]

[ { "arg1": "93", "arg2": "100", "op": "minus1-1", "res": "-7" }, { "arg1": "#0", "arg2": "100", "op": "divide1-2", "res": "-7%" } ]

[ "part a0ii item a05 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock .", "a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners .", "stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .", "the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested .", "market performance ." ]

[ "s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 ." ]

[ [ "Company / Index", "2013", "2014", "2015", "2016", "2017", "2018" ], [ "Teleflex Incorporated", "100", "124", "143", "177", "275", "288" ], [ "S&P 500 Index", "100", "114", "115", "129", "157", "150" ], [ "S&P 500 Healthcare Equipment & Supply Index", "100", "126", "134", "142", "186", "213" ] ]

[ [ "company / index", "2013", "2014", "2015", "2016", "2017", "2018" ], [ "teleflex incorporated", "100", "124", "143", "177", "275", "288" ], [ "s&p 500 index", "100", "114", "115", "129", "157", "150" ], [ "s&p 500 healthcare equipment & supply index", "100", "126", "134", "142", "186", "213" ] ]

[ { "arg1": "124", "arg2": "100", "op": "minus1-1", "res": "24" }, { "arg1": "#0", "arg2": "100", "op": "divide1-2", "res": "24%" } ]

[ "hologic , inc .", "notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) restructuring accrual as a result of the cytyc merger , the company assumed previous cytyc management approved restructuring plans designed to reduce future operating expenses by consolidating its mountain view , california operations into its existing operations in costa rica and massachusetts as well as restructuring plans relating to cytyc 2019s historical acquisitions completed in march 2007 .", "in connection with these plans , the company assumed a total liability of approximately $ 4658 .", "during the twelve months ended september 27 , 2008 , the company did not incur any additional restructuring costs related to retention costs for these employees .", "as a result of the third wave acquisition , the company assumed previous third wave management approved restructuring plans designed to reduce future operating expenses .", "in connection with these plans , the company assumed a total liability related to termination benefits of approximately $ 7509 .", "the company did not incur any additional restructuring costs related to retention costs for these employees from the date of acquisition through september 27 , 2008 .", "we anticipate that these costs will be paid in full during fiscal 2009 .", "additionally , the company recorded a liability related to the cytyc merger in accordance with eitf 95-3 as detailed below , primarily related to the termination of certain employees as well as minimum inventory purchase commitments and other contractual obligations for which business activities have been discontinued .", "during the twelve months ended september 27 , 2008 the company incurred approximately $ 6.4 million of expense related to the resignation of the chairman of the board of directors , which is not included in the table below ( see note 12 ) .", "changes in the restructuring accrual for the twelve months ended september 27 , 2008 were as follows : twelve months ended september 27 , 2008 termination benefits ." ]

[ "as of the dates of acquisition of aeg elektrofotografie gmbh ( 201caeg 201d ) , r2 technology , inc .", "( 201cr2 201d ) and suros surgical , inc .", "( 201csuros 201d ) ( see note 3 ) , management of the company implemented and finalized plans to involuntarily terminate certain employees of the acquired companies .", "these plans resulted in a liability for costs associated with an employee severance arrangement of approximately $ 3135 in accordance with eitf issue no .", "95-3 , recognition of liabilities in connection with a purchase business combination .", "as of september 29 , 2007 , all amounts other than $ 105 had been paid .", "the company had made full payment on this remaining liability as of september 27 , 2008 .", "advertising costs advertising costs are charged to operations as incurred .", "the company does not have any direct-response advertising .", "advertising costs , which include trade shows and conventions , were approximately $ 15281 , $ 6683 and $ 5003 for fiscal 2008 , 2007 and 2006 , respectively , and were included in selling and marketing expense in the consolidated statements of operations. ." ]

[ [ "", "Twelve Months Ended September 27, 2008" ], [ "Other", "Termination Benefits" ], [ "Beginning balance", "$—", "$105" ], [ "Cytyc balance acquired, October 22, 2007", "—", "4,658" ], [ "Third Wave balance acquired, July 24, 2008", "261", "7,029" ], [ "Provided for under EITF No. 95-3", "1,820", "1,020" ], [ "Adjustments", "(382)", "(270)" ], [ "Payments", "(817)", "(11,233)" ], [ "Ending balance", "$882", "$1,309" ] ]

[ [ "other", "twelve months ended september 27 2008 other", "twelve months ended september 27 2008" ], [ "beginning balance", "$ 2014", "$ 105" ], [ "cytyc balance acquired october 22 2007", "2014", "4658" ], [ "third wave balance acquired july 24 2008", "261", "7029" ], [ "provided for under eitf no . 95-3", "1820", "1020" ], [ "adjustments", "-382 ( 382 )", "-270 ( 270 )" ], [ "payments", "-817 ( 817 )", "-11233 ( 11233 )" ], [ "ending balance", "$ 882", "$ 1309" ] ]

[ { "arg1": "6683", "arg2": "5003", "op": "minus2-1", "res": "1680" }, { "arg1": "#0", "arg2": "5003", "op": "divide2-2", "res": "33.6%" } ]

[ "notes to consolidated financial statements 1 .", "basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s .", "generally accepted accounting principles ( \"u.s .", "gaap\" ) .", "the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( \"aon\" or the \"company\" ) .", "all intercompany accounts and transactions have been eliminated .", "the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented .", "reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation .", "in prior periods , long-term investments were included in investments in the consolidated statement of financial position .", "these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements .", "long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 .", "in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position .", "these amounts are now separately disclosed in the consolidated statement of financial position .", "prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 .", "upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee .", "the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows .", "the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities .", "the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase .", "it also aligns the company 2019s presentation to be consistent with industry practice .", "amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 .", "these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively .", "changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities .", "the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. ." ]

[ "use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s .", "gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses .", "these estimates and assumptions are based on management's best estimates and judgments .", "management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment .", "management believes its estimates to be reasonable given the current facts available .", "aon adjusts such estimates and assumptions when facts and circumstances dictate .", "illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions .", "as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates .", "changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. ." ]

[ [ "Years Ended December 31,", "2014", "2013" ], [ "Purchases of shares from noncontrolling interests", "3", "(8)" ], [ "Dividends paid to noncontrolling interests", "(24)", "(19)" ], [ "Proceeds from sale-leaseback", "25", "—" ] ]

[ [ "years ended december 31,", "2014", "2013" ], [ "purchases of shares from noncontrolling interests", "3", "-8 ( 8 )" ], [ "dividends paid to noncontrolling interests", "-24 ( 24 )", "-19 ( 19 )" ], [ "proceeds from sale-leaseback", "25", "2014" ] ]

[ { "arg1": "227", "arg2": "170", "op": "add1-1", "res": "397" }, { "arg1": "#0", "arg2": "120", "op": "add1-2", "res": "517" } ]

[ "n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries 20 .", "statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate .", "these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities .", "there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries .", "the company 2019s u.s .", "subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators .", "statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items .", "the statutory capital and surplus of the u.s .", "subsidiaries met regulatory requirements for 2009 , 2008 , and 2007 .", "the amount of dividends available to be paid in 2010 , without prior approval from the state insurance departments , totals $ 733 million .", "the combined statutory capital and surplus and statutory net income of the bermuda and u.s .", "subsidiaries as at and for the years ended december 31 , 2009 , 2008 , and 2007 , are as follows: ." ]

[ "as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s .", "subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 215 million , $ 211 million , and $ 140 million at december 31 , 2009 , 2008 , and 2007 , respectively .", "the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations .", "some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements .", "in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business .", "these licenses may be subject to reserves and minimum capital and solvency tests .", "jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements .", "21 .", "information provided in connection with outstanding debt of subsidiaries the following tables present condensed consolidating financial information at december 31 , 2009 , and december 31 , 2008 , and for the years ended december 31 , 2009 , 2008 , and 2007 , for ace limited ( the parent guarantor ) and its 201csubsidiary issuer 201d , ace ina holdings , inc .", "the subsidiary issuer is an indirect 100 percent-owned subsidiary of the parent guarantor .", "investments in subsidiaries are accounted for by the parent guarantor under the equity method for purposes of the supplemental consolidating presentation .", "earnings of subsidiaries are reflected in the parent guarantor 2019s investment accounts and earnings .", "the parent guarantor fully and unconditionally guarantees certain of the debt of the subsidiary issuer. ." ]

[ [ "", "Bermuda Subsidiaries", "U.S. Subsidiaries" ], [ "(in millions of U.S. dollars)", "2009", "2008", "2007", "2009", "2008", "2007" ], [ "Statutory capital and surplus", "$9,299", "$6,205", "$8,579", "$5,801", "$5,368", "$5,321" ], [ "Statutory net income", "$2,472", "$2,196", "$1,535", "$870", "$818", "$873" ] ]

[ [ "( in millions of u.s . dollars )", "bermuda subsidiaries 2009", "bermuda subsidiaries 2008", "bermuda subsidiaries 2007", "bermuda subsidiaries 2009", "bermuda subsidiaries 2008", "2007" ], [ "statutory capital and surplus", "$ 9299", "$ 6205", "$ 8579", "$ 5801", "$ 5368", "$ 5321" ], [ "statutory net income", "$ 2472", "$ 2196", "$ 1535", "$ 870", "$ 818", "$ 873" ] ]

[]

[ "part a0ii item a05 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock .", "a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners .", "stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .", "the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested .", "market performance ." ]

[ "s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 ." ]

[ [ "Company / Index", "2013", "2014", "2015", "2016", "2017", "2018" ], [ "Teleflex Incorporated", "100", "124", "143", "177", "275", "288" ], [ "S&P 500 Index", "100", "114", "115", "129", "157", "150" ], [ "S&P 500 Healthcare Equipment & Supply Index", "100", "126", "134", "142", "186", "213" ] ]

[ [ "company / index", "2013", "2014", "2015", "2016", "2017", "2018" ], [ "teleflex incorporated", "100", "124", "143", "177", "275", "288" ], [ "s&p 500 index", "100", "114", "115", "129", "157", "150" ], [ "s&p 500 healthcare equipment & supply index", "100", "126", "134", "142", "186", "213" ] ]

[]

[ "challenging investment environment with $ 15.0 billion , or 95% ( 95 % ) , of net inflows coming from institutional clients , with the remaining $ 0.8 billion , or 5% ( 5 % ) , generated by retail and hnw clients .", "defined contribution plans of institutional clients remained a significant driver of flows .", "this client group added $ 13.1 billion of net new business in 2012 .", "during the year , americas net inflows of $ 18.5 billion were partially offset by net outflows of $ 2.6 billion collectively from emea and asia-pacific clients .", "the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 52% ( 52 % ) , or $ 140.2 billion , of multi-asset class aum at year-end , up $ 14.1 billion , with growth in aum driven by net new business of $ 1.6 billion and $ 12.4 billion in market and foreign exchange gains .", "these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget .", "in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions .", "2022 target date and target risk products ended the year at $ 69.9 billion , up $ 20.8 billion , or 42% ( 42 % ) , since december 31 , 2011 .", "growth in aum was driven by net new business of $ 14.5 billion , a year-over-year organic growth rate of 30% ( 30 % ) .", "institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum .", "the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments .", "flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings , which are qualified investment options under the pension protection act of 2006 .", "these products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing .", "2022 fiduciary management services accounted for 22% ( 22 % ) , or $ 57.7 billion , of multi-asset aum at december 31 , 2012 and increased $ 7.7 billion during the year due to market and foreign exchange gains .", "these are complex mandates in which pension plan sponsors retain blackrock to assume responsibility for some or all aspects of plan management .", "these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives .", "alternatives component changes in alternatives aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 ." ]

[ "alternatives aum totaled $ 109.8 billion at year-end 2012 , up $ 4.8 billion , or 5% ( 5 % ) , reflecting $ 3.3 billion in portfolio valuation gains and $ 7.0 billion in new assets related to the acquisitions of srpep , which deepened our alternatives footprint in the european and asian markets , and claymore .", "core alternative outflows of $ 3.9 billion were driven almost exclusively by return of capital to clients .", "currency net outflows of $ 5.0 billion were partially offset by net inflows of $ 3.5 billion into ishares commodity funds .", "we continued to make significant investments in our alternatives platform as demonstrated by our acquisition of srpep , successful closes on the renewable power initiative and our build out of an alternatives retail platform , which now stands at nearly $ 10.0 billion in aum .", "we believe that as alternatives become more conventional and investors adapt their asset allocation strategies to best meet their investment objectives , they will further increase their use of alternative investments to complement core holdings .", "institutional investors represented 69% ( 69 % ) , or $ 75.8 billion , of alternatives aum with retail and hnw investors comprising an additional 9% ( 9 % ) , or $ 9.7 billion , at year-end 2012 .", "ishares commodity products accounted for the remaining $ 24.3 billion , or 22% ( 22 % ) , of aum at year-end .", "alternative clients are geographically diversified with 56% ( 56 % ) , 26% ( 26 % ) , and 18% ( 18 % ) of clients located in the americas , emea and asia-pacific , respectively .", "the blackrock alternative investors ( 201cbai 201d ) group coordinates our alternative investment efforts , including ." ]

[ [ "<i>(Dollar amounts in millions)</i>", "12/31/2011", "Net New Business", "Net Acquired", "Market /FX App (Dep)", "12/31/2012" ], [ "Core", "$63,647", "$(3,922)", "$6,166", "$2,476", "$68,367" ], [ "Currency and commodities", "41,301", "(1,547)", "860", "814", "41,428" ], [ "Alternatives", "$104,948", "$(5,469)", "$7,026", "$3,290", "$109,795" ] ]

[ [ "( dollar amounts in millions )", "12/31/2011", "net new business", "net acquired", "market /fx app ( dep )", "12/31/2012" ], [ "core", "$ 63647", "$ -3922 ( 3922 )", "$ 6166", "$ 2476", "$ 68367" ], [ "currency and commodities", "41301", "-1547 ( 1547 )", "860", "814", "41428" ], [ "alternatives", "$ 104948", "$ -5469 ( 5469 )", "$ 7026", "$ 3290", "$ 109795" ] ]

[ { "arg1": "41428", "arg2": "41301", "op": "minus1-1", "res": "127" }, { "arg1": "#0", "arg2": "41301", "op": "divide1-2", "res": "0.3%" } ]

[ "management 2019s discussion and analysis the table below presents the operating results of our institutional client services segment. ." ]

[ "1 .", "includes net revenues related to reinsurance of $ 1.08 billion , $ 880 million and $ 827 million for the years ended december 2012 , december 2011 and december 2010 , respectively .", "2012 versus 2011 .", "net revenues in institutional client services were $ 18.12 billion for 2012 , 5% ( 5 % ) higher than 2011 .", "net revenues in fixed income , currency and commodities client execution were $ 9.91 billion for 2012 , 10% ( 10 % ) higher than 2011 .", "these results reflected strong net revenues in mortgages , which were significantly higher compared with 2011 .", "in addition , net revenues in credit products and interest rate products were solid and higher compared with 2011 .", "these increases were partially offset by significantly lower net revenues in commodities and slightly lower net revenues in currencies .", "although broad market concerns persisted during 2012 , fixed income , currency and commodities client execution operated in a generally improved environment characterized by tighter credit spreads and less challenging market-making conditions compared with 2011 .", "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 approximately $ 500 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 lower 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 .", "if these concerns and uncertainties continue over the long term , net revenues in fixed income , currency and commodities client execution and equities would likely be negatively impacted .", "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 .", "2011 versus 2010 .", "net revenues in institutional client services were $ 17.28 billion for 2011 , 21% ( 21 % ) lower than 2010 .", "net revenues in fixed income , currency and commodities client execution were $ 9.02 billion for 2011 , 34% ( 34 % ) lower than 2010 .", "although activity levels during 2011 were generally consistent with 2010 levels , and results were solid during the first quarter of 2011 , the environment during the remainder of 2011 was characterized by broad market concerns and uncertainty , resulting in volatile markets and significantly wider credit spreads , which contributed to difficult market-making conditions and led to reductions in risk by us and our clients .", "as a result of these conditions , net revenues across the franchise were lower , including significant declines in mortgages and credit products , compared with 2010 .", "54 goldman sachs 2012 annual report ." ]

[ [ "", "Year Ended December" ], [ "<i>in millions</i>", "2012", "2011", "2010" ], [ "Fixed Income, Currency and Commodities Client Execution", "$ 9,914", "$ 9,018", "$13,707" ], [ "Equities client execution¹", "3,171", "3,031", "3,231" ], [ "Commissions and fees", "3,053", "3,633", "3,426" ], [ "Securities services", "1,986", "1,598", "1,432" ], [ "Total Equities", "8,210", "8,262", "8,089" ], [ "Total net revenues", "18,124", "17,280", "21,796" ], [ "Operating expenses", "12,480", "12,837", "14,994" ], [ "Pre-tax earnings", "$ 5,644", "$ 4,443", "$ 6,802" ] ]

[ [ "in millions", "year ended december 2012", "year ended december 2011", "year ended december 2010" ], [ "fixed income currency and commodities client execution", "$ 9914", "$ 9018", "$ 13707" ], [ "equities client execution1", "3171", "3031", "3231" ], [ "commissions and fees", "3053", "3633", "3426" ], [ "securities services", "1986", "1598", "1432" ], [ "total equities", "8210", "8262", "8089" ], [ "total net revenues", "18124", "17280", "21796" ], [ "operating expenses", "12480", "12837", "14994" ], [ "pre-tax earnings", "$ 5644", "$ 4443", "$ 6802" ] ]

[ { "arg1": "4443", "arg2": "6802", "op": "minus2-1", "res": "-2359" }, { "arg1": "#0", "arg2": "6802", "op": "divide2-2", "res": "-34.7%" } ]

[ "the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2018 , 2017 , and 2016 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : ." ]

[ "the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .", "the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .", "while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .", "however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .", "it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2018 .", "our effective tax rate and net income in any given future period could therefore be materially impacted .", "22 .", "discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market .", "the disposals of sul and eletropaulo were completed in october 2016 and june 2018 , respectively .", "eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares to the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .", "upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business .", "as a result , the company deconsolidated eletropaulo .", "after deconsolidation , the company's 17% ( 17 % ) ownership interest was reflected as an equity method investment .", "the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl .", "in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation .", "therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented .", "in june 2018 , the company completed the sale of its entire 17% ( 17 % ) ownership interest in eletropaulo through a bidding process hosted by the brazilian securities regulator , cvm .", "gross proceeds of $ 340 million were received at our subsidiary in brazil , subject to the payment of taxes .", "upon disposal of eletropaulo , the company recorded a pre-tax gain on sale of $ 243 million ( after-tax $ 199 million ) .", "excluding the gain on sale , eletropaulo's pre-tax loss attributable to aes was immaterial for the year ended december 31 , 2018 .", "eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively .", "prior to its classification as discontinued operations , eletropaulo was reported in the south america sbu reportable segment .", "sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 .", "the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented .", "upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul .", "prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .", "however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group. ." ]

[ [ "", "2018", "2017", "2016" ], [ "Balance at January 1", "$348", "$352", "$364" ], [ "Additions for current year tax positions", "2", "—", "2" ], [ "Additions for tax positions of prior years", "146", "2", "1" ], [ "Reductions for tax positions of prior years", "( 26)", "( 5)", "( 1)" ], [ "Settlements", "—", "—", "( 13)" ], [ "Lapse of statute of limitations", "( 7)", "( 1)", "( 1)" ], [ "Balance at December 31", "$463", "$348", "$352" ] ]

[ [ "", "2018", "2017", "2016" ], [ "balance at january 1", "$ 348", "$ 352", "$ 364" ], [ "additions for current year tax positions", "2", "2014", "2" ], [ "additions for tax positions of prior years", "146", "2", "1" ], [ "reductions for tax positions of prior years", "( 26 )", "( 5 )", "( 1 )" ], [ "settlements", "2014", "2014", "( 13 )" ], [ "lapse of statute of limitations", "( 7 )", "( 1 )", "( 1 )" ], [ "balance at december 31", "$ 463", "$ 348", "$ 352" ] ]

[ { "arg1": "463", "arg2": "348", "op": "minus2-1", "res": "115" }, { "arg1": "#0", "arg2": "348", "op": "divide2-2", "res": "33%" } ]

[ "worldwide wholesale distribution channels the following table presents the number of doors by geographic location in which products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of april 2 , 2016: ." ]

[ "( a ) includes the u.s. , canada , and latin america .", "( b ) includes the middle east .", "( c ) includes australia and new zealand .", "we have three key wholesale customers that generate significant sales volume .", "during fiscal 2016 , sales to our largest wholesale customer , macy's , inc .", "( \"macy's\" ) , accounted for approximately 11% ( 11 % ) and 25% ( 25 % ) of our total net revenues and total wholesale net revenues , respectively .", "further , during fiscal 2016 , sales to our three largest wholesale customers , including macy's , accounted for approximately 24% ( 24 % ) and 53% ( 53 % ) of our total net revenues and total wholesale net revenues , respectively .", "our products are sold primarily by our own sales forces .", "our wholesale segment maintains its primary showrooms in new york city .", "in addition , we maintain regional showrooms in milan , paris , london , munich , madrid , stockholm , and panama .", "shop-within-shops .", "as a critical element of our distribution to department stores , we and our licensing partners utilize shop-within-shops to enhance brand recognition , to permit more complete merchandising of our lines by the department stores , and to differentiate the presentation of our products .", "as of april 2 , 2016 , we had approximately 25000 shop-within-shops in our primary channels of distribution dedicated to our wholesale products worldwide .", "the size of our shop-within-shops ranges from approximately 100 to 9200 square feet .", "shop-within-shop fixed assets primarily include items such as customized freestanding fixtures , wall cases and components , decorative items , and flooring .", "we normally share in the cost of building out these shop-within-shops with our wholesale customers .", "basic stock replenishment program .", "basic products such as knit shirts , chino pants , oxford cloth shirts , select accessories , and home products can be ordered by our wholesale customers at any time through our basic stock replenishment program .", "we generally ship these products within two to five days of order receipt .", "our retail segment our retail segment sells directly to customers throughout the world via our 493 retail stores , totaling approximately 3.8 million square feet , and 583 concession-based shop-within-shops , as well as through our various e-commerce sites .", "the extension of our direct-to-consumer reach is one of our primary long-term strategic goals .", "we operate our retail business using an omni-channel retailing strategy that seeks to deliver an integrated shopping experience with a consistent message of our brands and products to our customers , regardless of whether they are shopping for our products in one of our physical stores or online .", "ralph lauren stores our ralph lauren stores feature a broad range of apparel , accessories , watch and jewelry , fragrance , and home product assortments in an atmosphere reflecting the distinctive attitude and image of the ralph lauren , polo , double rl , and denim & supply brands , including exclusive merchandise that is not sold in department stores .", "during fiscal 2016 , we opened 22 new ralph lauren stores and closed 21 stores .", "our ralph lauren stores are primarily situated in major upscale street locations and upscale regional malls , generally in large urban markets. ." ]

[ [ "Location", "Number of Doors" ], [ "The Americas^(a)", "7,741" ], [ "Europe^(b)", "5,625" ], [ "Asia^(c)", "136" ], [ "Total", "13,502" ] ]

[ [ "location", "number of doors" ], [ "the americas ( a )", "7741" ], [ "europe ( b )", "5625" ], [ "asia ( c )", "136" ], [ "total", "13502" ] ]

[]

[ "put options we currently have outstanding put option agreements with other shareholders of our air products san fu company , ltd .", "and indura s.a .", "subsidiaries .", "the put options give the shareholders the right to sell stock in the subsidiaries based on pricing terms in the agreements .", "refer to note 17 , commitments and contingencies , to the consolidated financial statements for additional information .", "due to the uncertainty of whether these options would be exercised and the related timing , we excluded the potential payments from the contractual obligations table .", "pension benefits we sponsor defined benefit pension plans that cover a substantial portion of our worldwide employees .", "the principal defined benefit pension plans 2014the u.s .", "salaried pension plan and the u.k .", "pension plan 2014were closed to new participants in 2005 and were replaced with defined contribution plans .", "over the long run , the shift to defined contribution plans is expected to reduce volatility of both plan expense and contributions .", "for 2013 , the fair market value of pension plan assets for our defined benefit plans as of the measurement date increased to $ 3800.8 from $ 3239.1 in 2012 .", "the projected benefit obligation for these plans as of the measurement date was $ 4394.0 and $ 4486.5 in 2013 and 2012 , respectively .", "refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .", "pension expense ." ]

[ "2013 vs .", "2012 the increase in pension expense , excluding special items , was primarily attributable to the 100 bp decrease in weighted average discount rate , resulting in higher amortization of actuarial losses .", "the increase was partially offset by a higher expected return on plan assets and contributions in 2013 .", "special items of $ 19.8 primarily included $ 12.4 for pension settlement losses and $ 6.9 for special termination benefits relating to the 2013 business restructuring and cost reduction plan .", "2012 vs .", "2011 pension expense in 2012 , excluding special items , was comparable to 2011 expense as a result of no change in the weighted average discount rate from year to year .", "2014 outlook pension expense is estimated to be approximately $ 140 to $ 145 , excluding special items , in 2014 , a decrease of $ 5 to $ 10 from 2013 , resulting primarily from an increase in discount rates , partially offset by unfavorable impacts associated with changes in mortality and inflation assumptions .", "pension settlement losses of $ 10 to $ 25 are expected , dependent on the timing of retirements .", "in 2014 , pension expense will include approximately $ 118 for amortization of actuarial losses compared to $ 143 in 2013 .", "net actuarial gains of $ 370.4 were recognized in 2013 , resulting primarily from an approximately 65 bp increase in the weighted average discount rate as well as actual asset returns above expected returns .", "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 2014 .", "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 2013 and 2012 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 300.8 and $ 76.4 , respectively .", "contributions for 2013 include voluntary contributions for u.s .", "plans of $ 220.0. ." ]

[ [ "", "2013", "2012", "2011" ], [ "Pension expense", "$169.7", "$120.4", "$114.1" ], [ "Special terminations, settlements, and curtailments (included above)", "19.8", "8.2", "1.3" ], [ "Weighted average discount rate", "4.0%", "5.0%", "5.0%" ], [ "Weighted average expected rate of return on plan assets", "7.7%", "8.0%", "8.0%" ], [ "Weighted average expected rate of compensation increase", "3.8%", "3.9%", "4.0%" ] ]

[ [ "", "2013", "2012", "2011" ], [ "pension expense", "$ 169.7", "$ 120.4", "$ 114.1" ], [ "special terminations settlements and curtailments ( included above )", "19.8", "8.2", "1.3" ], [ "weighted average discount rate", "4.0% ( 4.0 % )", "5.0% ( 5.0 % )", "5.0% ( 5.0 % )" ], [ "weighted average expected rate of return on plan assets", "7.7% ( 7.7 % )", "8.0% ( 8.0 % )", "8.0% ( 8.0 % )" ], [ "weighted average expected rate of compensation increase", "3.8% ( 3.8 % )", "3.9% ( 3.9 % )", "4.0% ( 4.0 % )" ] ]

[ { "arg1": "300.8", "arg2": "76.4", "op": "divide2-1", "res": "3.9371" }, { "arg1": "#0", "arg2": "const_100", "op": "multiply2-2", "res": "393.71%" }, { "arg1": "#1", "arg2": "const_100", "op": "minus2-3", "res": "293.71%" } ]

[ "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 , 2008 , the company 2019s overall weighted average interest rate for long-term debt was 3.83% ( 3.83 % ) on a contractual basis and 4.19% ( 4.19 % ) 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 : in millions of dollars 2009 2010 2011 2012 2013 thereafter ." ]

[ "long-term debt at december 31 , 2008 and december 31 , 2007 includes $ 24060 million and $ 23756 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. ." ]

[ [ "<i>In millions of dollars</i>", "2009", "2010", "2011", "2012", "2013", "Thereafter" ], [ "Citigroup parent company", "$13,463", "$17,500", "$19,864", "$21,135", "$17,525", "$102,794" ], [ "Other Citigroup subsidiaries", "55,853", "16,198", "18,607", "2,718", "4,248", "11,691" ], [ "Citigroup Global Markets Holdings Inc.", "1,524", "2,352", "1,487", "2,893", "392", "11,975" ], [ "Citigroup Funding Inc.", "17,632", "5,381", "2,154", "1,253", "3,790", "7,164" ], [ "Total", "$88,472", "$41,431", "$42,112", "$27,999", "$25,955", "$133,624" ] ]

[ [ "in millions of dollars", "2009", "2010", "2011", "2012", "2013", "thereafter" ], [ "citigroup parent company", "$ 13463", "$ 17500", "$ 19864", "$ 21135", "$ 17525", "$ 102794" ], [ "other citigroup subsidiaries", "55853", "16198", "18607", "2718", "4248", "11691" ], [ "citigroup global markets holdings inc .", "1524", "2352", "1487", "2893", "392", "11975" ], [ "citigroup funding inc .", "17632", "5381", "2154", "1253", "3790", "7164" ], [ "total", "$ 88472", "$ 41431", "$ 42112", "$ 27999", "$ 25955", "$ 133624" ] ]

[]

[ "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" ] ]

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[ "december 31 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2017 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference .", "item 6 .", "selected financial data .", "the table set forth below presents our selected financial information for each of the past five years ( in millions , except per share amounts ) .", "the selected statement of operations information for each of the three years ended december 31 , 2016 and the selected balance sheet information as of december 31 , 2016 and 2015 have been derived from and should be read in conjunction with the information in item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations , 201d the audited consolidated financial statements included in item 8 , 201cfinancial statements and supplementary data , 201d and other financial information included elsewhere in this annual report on form 10-k .", "the selected statement of operations information for each of the two years ended december 31 , 2013 and 2012 and the selected balance sheet information as of december 31 , 2014 , 2013 and 2012 have been derived from financial statements not included in this annual report on form 10-k .", "2016 2015 2014 2013 2012 selected statement of operations information : revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 income from continuing operations , net of taxes 1218 1048 1137 1077 956 loss from discontinued operations , net of taxes 2014 2014 2014 2014 ( 11 ) net income 1218 1048 1137 1077 945 net income available to discovery communications , inc .", "1194 1034 1139 1075 943 basic earnings per share available to discovery communications , inc .", "series a , b and c common stockholders : continuing operations $ 1.97 $ 1.59 $ 1.67 $ 1.50 $ 1.27 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.97 1.59 1.67 1.50 1.25 diluted earnings per share available to discovery communications , inc .", "series a , b and c common stockholders : continuing operations $ 1.96 $ 1.58 $ 1.66 $ 1.49 $ 1.26 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.96 1.58 1.66 1.49 1.24 weighted average shares outstanding : basic 401 432 454 484 498 diluted 610 656 687 722 759 selected balance sheet information : cash and cash equivalents $ 300 $ 390 $ 367 $ 408 $ 1201 total assets 15758 15864 15970 14934 12892 long-term debt : current portion 82 119 1107 17 31 long-term portion 7841 7616 6002 6437 5174 total liabilities 10348 10172 9619 8701 6599 redeemable noncontrolling interests 243 241 747 36 2014 equity attributable to discovery communications , inc .", "5167 5451 5602 6196 6291 total equity $ 5167 $ 5451 $ 5604 $ 6197 $ 6293 2022 income per share amounts may not sum since each is calculated independently .", "2022 on september 30 , 2016 , the company recorded an other-than-temporary impairment of $ 62 million related to its investment in lionsgate .", "on december 2 , 2016 , the company acquired a 39% ( 39 % ) minority interest in group nine media , a newly formed media holding company , in exchange for contributions of $ 100 million and the company's digital network businesses seeker and sourcefed , resulting in a gain of $ 50 million upon deconsolidation of the businesses .", "( see note 4 to the accompanying consolidated financial statements. ) ." ]

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[ "increased by $ 105.6 million , or 3.4% ( 3.4 % ) , from 2006 to 2007 .", "the following table reflects the components of our revenue growth for the years ended december 31 , 2008 , 2007 and 2006: ." ]

[ "( 1 ) core volume growth for the year ended december 31 , 2006 includes .8% ( .8 % ) associated with hauling waste from the city of toronto to one of our landfills in michigan .", "this hauling service is provided to the city at a rate that approximates our cost .", "( 2 ) includes the impact of the acquisition of allied in december 2008 .", "( 3 ) represents new taxes levied on landfill volumes in certain states that are passed on to customers .", "25aa 2008 : during the year ended december 31 , 2008 , our core revenue growth continued to benefit from a broad-based pricing initiative .", "in addition , 14.7% ( 14.7 % ) of our revenue growth is due to our acquisition of allied in december 2008 .", "revenue growth also benefited from higher fuel surcharges and environmental fees .", "however , during 2008 we experienced lower prices for commodities .", "we also experienced a decrease in core volumes primarily due to lower commercial and industrial collection volumes and lower landfill volumes resulting from the slowdown in the economy .", "we expect to continue to experience lower volumes until economic conditions improve .", "25aa 2007 : during the year ended december 31 , 2007 , our revenue growth from core pricing continued to benefit from a broad-based pricing initiative .", "our revenue growth also benefited from higher prices for commodities .", "however , we experienced a decrease in core volume growth primarily due to lower industrial collection and landfill volumes resulting from the slowdown in residential construction .", "25aa 2006 : during the year ended december 31 , 2006 , our revenue growth continued to benefit from our broad-based pricing initiative .", "we experienced core volume growth in our collection and landfill lines of business .", "this core volume growth was partially offset by hurricane clean-up efforts that took place during the fourth quarter of 2005 .", "25aa 2009 outlook : we anticipate internal revenue from core operations to decrease approximately 4.0% ( 4.0 % ) during 2009 .", "this decrease is the expected net of growth in core pricing of approximately 4.0% ( 4.0 % ) and an expected decrease in volume of approximately 8.0% ( 8.0 % ) .", "our projections assume no deterioration or improvement in the overall economy from that experienced during the fourth quarter of 2008 .", "however , our internal growth may remain flat or may decline in 2009 depending on economic conditions and our success in implementing pricing initiatives .", "cost of operations .", "cost of operations was $ 2.4 billion , $ 2.0 billion and $ 1.9 billion , or , as a percentage of revenue , 65.6% ( 65.6 % ) , 63.1% ( 63.1 % ) and 62.7% ( 62.7 % ) , for the years ended december 31 , 2008 , 2007 and 2006 , respectively .", "the increase in cost of operations in aggregate dollars for the year ended december 31 , 2008 versus the comparable 2007 period is primarily a result of our acquisition of allied in december 2008 .", "the remaining increase in cost of operations in aggregate dollars and the increase as a percentage of revenue is primarily due to charges we recorded during 2008 of $ 98.0 million related to estimated costs to comply with f&os issued by the oepa and the aoc issued by the epa in response to environmental conditions at our countywide facility in ohio , $ 21.9 million related to environmental conditions at our closed disposal facility %%transmsg*** transmitting job : p14076 pcn : 048000000 ***%%pcmsg|46 |00044|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| ." ]

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

[ "money pool activity provided $ 0.4 million of entergy new orleans' operating cash flow in 2004 , provided $ 1.7 million in 2003 , and provided $ 5.7 million in 2002 .", "see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .", "investing activities net cash used in investing activities decreased $ 15.5 million in 2004 primarily due to capital expenditures related to a turbine inspection project at a fossil plant in 2003 and decreased customer service spending .", "net cash used in investing activities increased $ 23.2 million in 2003 compared to 2002 primarily due to the maturity of $ 14.9 million of other temporary investments in 2002 and increased construction expenditures due to increased customer service spending .", "financing activities net cash used in financing activities increased $ 7.0 million in 2004 primarily due to the costs and expenses related to refinancing $ 75 million of long-term debt in 2004 and an increase of $ 2.2 million in common stock dividends paid .", "net cash used in financing activities increased $ 1.5 million in 2003 primarily due to additional common stock dividends paid of $ 2.2 million .", "in july 2003 , entergy new orleans issued $ 30 million of 3.875% ( 3.875 % ) series first mortgage bonds due august 2008 and $ 70 million of 5.25% ( 5.25 % ) series first mortgage bonds due august 2013 .", "the proceeds from these issuances were used to redeem , prior to maturity , $ 30 million of 7% ( 7 % ) series first mortgage bonds due july 2008 , $ 40 million of 8% ( 8 % ) series bonds due march 2006 , and $ 30 million of 6.65% ( 6.65 % ) series first mortgage bonds due march 2004 .", "the issuances and redemptions are not shown on the cash flow statement because the proceeds from the issuances were placed in a trust for use in the redemptions and never held as cash by entergy new orleans .", "see note 5 to the domestic utility companies and system energy financial statements for details on long- term debt .", "uses of capital entergy new orleans requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. ." ]

[ [ "2004", "2003", "2002", "2001" ], [ "(In Thousands)" ], [ "$1,413", "$1,783", "$3,500", "$9,208" ] ]

[ [ "2004", "2003", "2002", "2001" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 1413", "$ 1783", "$ 3500", "$ 9208" ] ]

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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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[ "considered to be the primary beneficiary of either entity and have therefore deconsolidated both entities .", "at december 31 , 2010 , we held a 36% ( 36 % ) interest in juniperus which is accounted for using the equity method of accounting .", "our potential loss at december 31 , 2010 is limited to our investment of $ 73 million in juniperus , which is recorded in investments in the consolidated statements of financial position .", "we have not provided any financing to juniperus other than previously contractually required amounts .", "juniperus and jchl had combined assets and liabilities of $ 121 million and $ 22 million , respectively , at december 31 , 2008 .", "for the year ended december 31 , 2009 , we recognized $ 36 million of pretax income from juniperus and jchl .", "we recognized $ 16 million of after-tax income , after allocating the appropriate share of net income to the non-controlling interests .", "we previously owned an 85% ( 85 % ) economic equity interest in globe re limited ( 2018 2018globe re 2019 2019 ) , a vie , which provided reinsurance coverage for a defined portfolio of property catastrophe reinsurance contracts underwritten by a third party for a limited period which ended june 1 , 2009 .", "we consolidated globe re as we were deemed to be the primary beneficiary .", "in connection with the winding up of its operations , globe re repaid its $ 100 million of short-term debt and our equity investment from available cash in 2009 .", "we recognized $ 2 million of after-tax income from globe re in 2009 , taking into account the share of net income attributable to non-controlling interests .", "globe re was fully liquidated in the third quarter of 2009 .", "review by segment general we serve clients through the following segments : 2022 risk solutions ( formerly risk and insurance brokerage services ) acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network .", "2022 hr solutions ( formerly consulting ) partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies .", "risk solutions ." ]

[ "the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business .", "the economic activity that impacts property and casualty insurance is described as exposure units , and is most closely correlated with employment levels , corporate revenue and asset values .", "during 2010 we continued to see a 2018 2018soft market 2019 2019 , which began in 2007 , in our retail brokerage product line .", "in a soft market , premium rates flatten or decrease , along with commission revenues , due to increased competition for market share among insurance carriers or increased underwriting capacity .", "changes in premiums have a direct and potentially material impact on the insurance brokerage industry , as commission revenues are generally based on a percentage of the ." ]

[ [ "Years ended December 31,", "2010", "2009", "2008" ], [ "Revenue", "$6,423", "$6,305", "$6,197" ], [ "Operating income", "1,194", "900", "846" ], [ "Operating margin", "18.6%", "14.3%", "13.7%" ] ]

[ [ "years ended december 31,", "2010", "2009", "2008" ], [ "revenue", "$ 6423", "$ 6305", "$ 6197" ], [ "operating income", "1194", "900", "846" ], [ "operating margin", "18.6% ( 18.6 % )", "14.3% ( 14.3 % )", "13.7% ( 13.7 % )" ] ]

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[ "humana inc .", "notes to consolidated financial statements 2014 ( continued ) in any spe transactions .", "the adoption of fin 46 or fin 46-r did not have a material impact on our financial position , results of operations , or cash flows .", "in december 2004 , the fasb issued statement no .", "123r , share-based payment , or statement 123r , which requires companies to expense the fair value of employee stock options and other forms of stock-based compensation .", "this requirement represents a significant change because fixed-based stock option awards , a predominate form of stock compensation for us , were not recognized as compensation expense under apb 25 .", "statement 123r requires the cost of the award , as determined on the date of grant at fair value , be recognized over the period during which an employee is required to provide service in exchange for the award ( usually the vesting period ) .", "the grant-date fair value of the award will be estimated using option-pricing models .", "we are required to adopt statement 123r no later than july 1 , 2005 under one of three transition methods , including a prospective , retrospective and combination approach .", "we previously disclosed on page 67 the effect of expensing stock options under a fair value approach using the black-scholes pricing model for 2004 , 2003 and 2002 .", "we currently are evaluating all of the provisions of statement 123r and the expected effect on us including , among other items , reviewing compensation strategies related to stock-based awards , selecting an option pricing model and determining the transition method .", "in march 2004 , the fasb issued eitf issue no .", "03-1 , or eitf 03-1 , the meaning of other-than- temporary impairment and its application to certain investments .", "eitf 03-1 includes new guidance for evaluating and recording impairment losses on certain debt and equity investments when the fair value of the investment security is less than its carrying value .", "in september 2004 , the fasb delayed the previously scheduled third quarter 2004 effective date until the issuance of additional implementation guidance , expected in 2005 .", "upon issuance of a final standard , we will evaluate the impact on our consolidated financial position and results of operations .", "3 .", "acquisitions on february 16 , 2005 , we acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company .", "careplus provides medicare advantage hmo plans and benefits to medicare eligible members in miami-dade , broward and palm beach counties .", "this acquisition enhances our medicare market position in south florida .", "we paid approximately $ 450 million in cash including estimated transaction costs , subject to a balance sheet settlement process with a nine month claims run-out period .", "we currently are in the process of allocating the purchase price to the net tangible and intangible assets .", "on april 1 , 2004 , we acquired ochsner health plan , or ochsner , from the ochsner clinic foundation .", "ochsner is a louisiana health benefits company offering network-based managed care plans to employer-groups and medicare eligible members .", "this acquisition enabled us to enter a new market with significant market share which should facilitate new sales opportunities in this and surrounding markets , including houston , texas .", "we paid $ 157.1 million in cash , including transaction costs .", "the fair value of the tangible assets ( liabilities ) as of the acquisition date are as follows: ." ]

[ "." ]

[ [ "", "(in thousands)" ], [ "Cash and cash equivalents", "$15,270" ], [ "Investment securities", "84,527" ], [ "Premiums receivable and other current assets", "20,616" ], [ "Property and equipment and other assets", "6,847" ], [ "Medical and other expenses payable", "(71,063)" ], [ "Other current liabilities", "(21,604)" ], [ "Other liabilities", "(82)" ], [ "Net tangible assets acquired", "$34,511" ] ]

[ [ "", "( in thousands )" ], [ "cash and cash equivalents", "$ 15270" ], [ "investment securities", "84527" ], [ "premiums receivable and other current assets", "20616" ], [ "property and equipment and other assets", "6847" ], [ "medical and other expenses payable", "-71063 ( 71063 )" ], [ "other current liabilities", "-21604 ( 21604 )" ], [ "other liabilities", "-82 ( 82 )" ], [ "net tangible assets acquired", "$ 34511" ] ]

[ { "arg1": "71063", "arg2": "21604", "op": "add2-1", "res": "92667" }, { "arg1": "82", "arg2": "#0", "op": "add2-2", "res": "92749" }, { "arg1": "21604", "arg2": "#1", "op": "divide2-3", "res": "23.30%" } ]