Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.
In connection with the Merger and pursuant to the Plan on December 9, 2013, AAG and American entered into a joinder to the loan agreement and became co-obligors of US Airways Group’s $1.6 billion 2013 Citicorp Credit Facility and AAG and American entered into a second supplemental indenture that guarantees the payment obligations associated with the 6.125% senior notes.
(h) Other In 2010, American and Japan Airlines entered into a JBA under which, amongst other things, American provided Japan Airlines a guarantee of certain minimum incremental revenue resulting from the successful operation of the joint business for the first three years following its implementation, subject to certain terms and conditions.
The amount required to be paid by American under the guarantee in any one of such years may not exceed $100 million, and is reduced if capacity for one of such years is less than a defined base year period capacity.
As of December 31, 2013, American reached an agreement with Japan Airlines to settle the liability for $90 million.
The liability is expected to be settled in 2015.
In the fourth quarter of 2012, American entered into a settlement agreement resolving a commercial dispute.
The settlement agreement includes two elements which were valued at relative fair value and will be recognized when earned.
American determined that the settlement includes a litigation gain of $280 million, which was valued using future cash flows and recognized in the fourth quarter of 2012.
The settlement also includes an incentive which is contingent upon signing a future contract and will be recognized over the term of the future contract.
The contract was signed in January 2014.
In connection with the new contract, American recorded an additional $70 million receivable with an offset to other liabilities to be recognized over the course of the remaining contract term.
As a result of the terrorist attacks of September 11, 2001 (the Terrorist Attacks) and the subsequent liability protections provided for by the Air Transportation Safety and System Stabilization Act (the Stabilization Act), American recorded a liability for the Terrorist Attacks claims equal to the related insurance receivable due to American.
The Stabilization Act provides that, notwithstanding any other provision of law, liability for all claims, whether compensatory or punitive, arising from the Terrorist Attacks, against any air carrier shall not exceed the liability coverage maintained by the air carrier.
As of December 31, 2014, the remaining liability and the amount of the offsetting receivable were each $974 million.13.
Supplemental Cash Flow Information Supplemental disclosure of cash flow information and non-cash investing and financing activities are as follows (in millions):
## Table 0 ##
14.
Operating Segments and Related Disclosures American is managed as a single business unit that provides air transportation for passengers and cargo.
This allows it to benefit from an integrated revenue pricing and route network that includes American, Envoy and third-party carriers that fly under capacity purchase or prorate agreements as part of American’s regional
10.
RESTRUCTURING In the fourth quarter of 2008, Citigroup recorded a pretax restructuring expense of $1.581 billion related to the implementation of a Company-wide re-engineering plan.
For the year ended December 31, 2009, Citigroup recorded a pretax net restructuring release of $110 million composed of a gross charge of $86 million and a credit of $196 million due to changes in estimates.
The charges related to the 2008 Re-engineering Projects Restructuring Initiative are reported in Restructuring on the Company’s Consolidated Statement of Income and are recorded in each segment.
In 2007, the Company completed a review of its structural expense base in a Company-wide effort to create a more streamlined organization, reduce expense growth, and provide investment funds for future growth initiatives.
As a result of this review, a pretax restructuring charge of $1.4 billion was recorded in Corporate/Other during the first quarter of 2007.
Additional net charges of $151 million were recognized in subsequent quarters throughout 2007, and net releases of $31 million and $3 million in 2008 and 2009, respectively, due to changes in estimates.
The charges related to the 2007 Structural Expense Review Restructuring Initiative are reported in Restructuring on the Company’s Consolidated Statement of Income.
The primary goals of the 2008 Re-engineering Projects Restructuring Initiative and the 2007 Structural Expense Review Restructuring Initiative were: ?
eliminate layers of management/improve workforce management; ?
consolidate certain back-office, middle-office and corporate functions; ?
increase the use of shared services; ?
expand centralized procurement; and ?
continue to rationalize operational spending on technology.
The implementation of these restructuring initiatives also caused certain related premises and equipment assets to become redundant.
The remaining depreciable lives of these assets were shortened, and accelerated depreciation charges began in the second quarter of 2007 and fourth quarter of 2008 for the 2007 and 2008 initiatives, respectively, in addition to normal scheduled depreciation.
The following tables detail the Company’s restructuring reserves.2008 Re-engineering Projects Restructuring Charges
## Table 1 ##
(1) Accounted for in accordance with ASC 712, Compensation – Nonretirement Postemployment Benefits (formerly SFAS No.112, Employer’s Accounting for Post Employment Benefits (SFAS 112)).
(2) Accounted for in accordance with ASC 420, Exit or Disposal Cost Obligations (formerly SFAS No.146, Accounting for Costs Associated with Exit or Disposal Activities (SFAS 146)).
(3) Accounted for in accordance with ASC 360, Property, Plant and Equipment (formerly SFAS No.144, Accounting for the Impairment or Disposal of Long-Lived Assets (SFAS 144)).
(4) Total Citigroup charge in the table above does not include a $51 million one-time pension curtailment charge related to this restructuring initiative, which is recorded as part of the Company’s Restructuring charge in the Consolidated Statement of Income at December 31, 2008.
In addition, included in the loan table are purchased distressed loans, which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by Citigroup.
In accordance with SOP 03-3, the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield.
Accordingly, these loans have been excluded from the impaired loan information presented above.
In addition, per SOP 03-3, subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield.
However, increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan’s level yield.
Where the expected cash flows cannot be reliably estimated, the purchased distressed loan is accounted for under the cost recovery method.
The carrying amount of the purchased distressed loan portfolio at December31, 2009 was $825 million net of an allowance of $95 million.
The changes in the accretable yield, related allowance and carrying amount net of accretable yield for 2009 are as follows:
## Table 2 ##
(1) The balance reported in the column “Carrying amount of loan receivable” consists of $87 million of purchased loans accounted for under the level-yield method and $242 million under the cost-recovery method.
These balances represent the fair value of these loans at their acquisition date.
The related total expected cash flows for the level-yield loans were $101 million at their acquisition dates.
(2) The balance reported in the column “Carrying amount of loan receivable” consists of $561 million of loans accounted for under the level-yield method and $359 million accounted for under the cost-recovery method.
Table of Contents The foreign provision for income taxes is based on foreign pre-tax earnings of $33.6 billion, $30.5 billion and $36.8 billion in 2014, 2013 and 2012, respectively.
The Company’s consolidated financial statements provide for any related tax liability on undistributed earnings that the Company does not intend to be indefinitely reinvested outside the U. S.  Substantially all of the Company’s undistributed international earnings intended to be indefinitely reinvested in operations outside the U. S.  were generated by subsidiaries organized in Ireland, which has a statutory tax rate of 12.5%.
As of September 27, 2014, U. S.  income taxes have not been provided on a cumulative total of $69.7 billion of such earnings.
The amount of unrecognized deferred tax liability related to these temporary differences is estimated to be approximately $23.3 billion.
As of September 27, 2014 and September 28, 2013, $137.1 billion and $111.3 billion, respectively, of the Company’s cash, cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in U. S.  dollar-denominated holdings.
Amounts held by foreign subsidiaries are generally subject to U. S.  income taxation on repatriation to the U. S.  A reconciliation of the provision for income taxes, with the amount computed by applying the statutory federal income tax rate (35% in 2014, 2013 and 2012) to income before provision for income taxes for 2014, 2013 and 2012, is as follows (dollars in millions):
## Table 3 ##
The Company’s income taxes payable have been reduced by the tax benefits from employee stock plan awards.
For stock options, the Company receives an income tax benefit calculated as the tax effect of the difference between the fair market value of the stock issued at the time of the exercise and the exercise price.
For RSUs, the Company receives an income tax benefit upon the award’s vesting equal to the tax effect of the underlying stock’s fair market value.
The Company had net excess tax benefits from equity awards of $706 million, $643 million and $1.4 billion in 2014, 2013 and 2012, respectively, which were reflected as increases to common stock.
Apple Inc.  | 2014 Form 10-K | 64
The following tables summarize People’s United Financial’s tangible equity ratio and tangible book value per share derived from amounts reported in the Consolidated Statements of Condition:
## Table 4 ##
Economic Environment People’s United Financial’s results are subject to fluctuations based on economic conditions.
In response to the significant disruptions in the capital markets brought about by the sub-prime mortgage crisis and its after-effects, turmoil in the financial sector, and the contracting U. S.  economy, the Federal Reserve Board has maintained its targeted range for the federal funds rate of 0% to 0.25% since December 16, 2008.
Throughout 2013, the United States economy experienced a moderate expansion.
Real gross domestic product increased at an annual rate of 3.2% in the fourth quarter of 2013, after increasing 4.1% in the third quarter.
The national unemployment rate was 6.7% as of December 31, 2013, down from 7.8% at the end of 2012.
The New England region and southeastern New York comprise People’s United Financial’s primary market area, with Connecticut, New York, Massachusetts and Vermont having the largest concentration of People’s United Financial’s loans, deposits and branches.
Connecticut is one of the most attractive banking markets in the United States.
With a total population of approximately 3.6 million and a median household income of $65,549, Connecticut ranks third in the United States, well above the U. S.  median household income of $50,157, according to the 2010 Census and SNL Financial.
Fairfield County, where People’s United Financial is headquartered, has the highest median household income in Connecticut of $80,342 according to the 2010 Census and SNL Financial.
The state’s unemployment rate decreased to 6.8% as of December 31, 2013 compared to 7.8% at the end of 2012, which is in-line with the national rate.
The Connecticut economy experienced a slight decrease in jobs in 2013, with total seasonally adjusted employment decreasing by approximately 4,000 jobs, or 0.2%, from December 31, 2012 to December 31, 2013, compared to a decrease of approximately 18,000 jobs, or 1.0%, from December 31, 2011 to December 31, 2012.
Treasury encompasses the securities portfolio, short-term investments, brokered deposits, wholesale borrowings, and the funding center, which includes the impact of derivative financial instruments used for risk management purposes.
The income or loss for the funding center represents the interest rate risk (“IRR”) component of People’s United’s net interest income as calculated by its FTP model in deriving each operating segment’s net interest income.
Under this process, the funding center buys funds from liability-generating business lines, such as consumer deposits, and sells funds to asset-generating business lines, such as commercial lending.
The price at which funds are bought and sold on any given day is set by People’s United’s Treasury group and is based on the wholesale cost to People’s United of assets and liabilities with similar maturities.
Liability-generating businesses sell newly-originated liabilities to the funding center and recognize a funding credit, while asset-generating businesses buy funding for newly-originated assets from the funding center and recognize a funding charge.

<table><tr><td></td><td colspan="3"> Year Ended December 31,</td></tr><tr><td></td><td> 2014</td><td> 2013</td><td> 2012</td></tr><tr><td>Non-cash investing and financing activities:</td><td></td><td></td><td></td></tr><tr><td>Settlement of bankruptcy obligations</td><td>$5,131</td><td>$833</td><td>$—</td></tr><tr><td>Capital lease obligations</td><td>747</td><td>—</td><td>—</td></tr><tr><td>Supplemental information:</td><td></td><td></td><td></td></tr><tr><td>Interest paid, net of amounts capitalized</td><td>525</td><td>706</td><td>498</td></tr><tr><td>Income taxes paid</td><td>2</td><td>7</td><td>5</td></tr></table>
<table><tr><td></td><td colspan="2">Severance</td><td></td><td></td><td></td><td></td></tr><tr><td>In millions of dollars</td><td>ASC 712-1</td><td>ASC 420-2</td><td>Contract termination costs</td><td>Asset write- downs-3</td><td>Employee termination cost</td><td>Total Citigroup-4</td></tr><tr><td>Total Citigroup (pretax)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Original restructuring charge</td><td>$1, 254</td><td>$79</td><td>$55</td><td>$123</td><td>$19</td><td>$1,530</td></tr><tr><td>Utilization</td><td>$-114</td><td>$-3</td><td>$-2</td><td>$-100</td><td>$—</td><td>$-219</td></tr><tr><td>Balance at December 31, 2008</td><td>$1,140</td><td>$76</td><td>$53</td><td>$23</td><td>$19</td><td>$1,311</td></tr><tr><td>Additional charge</td><td>24</td><td>29</td><td>23</td><td>10</td><td>—</td><td>86</td></tr><tr><td>Foreign exchange</td><td>14</td><td>—</td><td>3</td><td>-11</td><td>-1</td><td>5</td></tr><tr><td>Utilization</td><td>-882</td><td>-102</td><td>-33</td><td>-14</td><td>-6</td><td>-1,037</td></tr><tr><td>Changes in estimates</td><td>-175</td><td>-3</td><td>-5</td><td>-5</td><td>-8</td><td>-196</td></tr><tr><td>Balance at December 31, 2009</td><td>$121</td><td>$—</td><td>$41</td><td>$3</td><td>$4</td><td>$169</td></tr></table>
<table><tr><td>In millions of dollars</td><td>Accretable yield</td><td>Carrying amount of loan receivable</td><td>Allowance</td></tr><tr><td>Beginning balance</td><td>$92</td><td>$1,510</td><td>$122</td></tr><tr><td>Purchases-1</td><td>14</td><td>329</td><td>—</td></tr><tr><td>Disposals/payments received</td><td>-5</td><td>-967</td><td>—</td></tr><tr><td>Accretion</td><td>-52</td><td>52</td><td>—</td></tr><tr><td>Builds (reductions) to the allowance</td><td>-21</td><td>1</td><td>-27</td></tr><tr><td>Increase to expected cash flows</td><td>10</td><td>2</td><td>—</td></tr><tr><td>FX/Other</td><td>-11</td><td>-7</td><td>—</td></tr><tr><td>Balance, December 31, 2009-2</td><td>$27</td><td>$920</td><td>$95</td></tr></table>
<table><tr><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>Computed expected tax</td><td>$18,719</td><td>$17,554</td><td>$19,517</td></tr><tr><td>State taxes, net of federal effect</td><td>469</td><td>508</td><td>677</td></tr><tr><td>Indefinitely invested earnings of foreign subsidiaries</td><td>-4,744</td><td>-4,614</td><td>-5,895</td></tr><tr><td>Research and development credit, net</td><td>-88</td><td>-287</td><td>-103</td></tr><tr><td>Domestic production activities deduction</td><td>-495</td><td>-308</td><td>-328</td></tr><tr><td>Other</td><td>112</td><td>265</td><td>162</td></tr><tr><td>Provision for income taxes</td><td>$13,973</td><td>$13,118</td><td>$14,030</td></tr><tr><td>Effective tax rate</td><td>26.1%</td><td>26.2%</td><td>25.2%</td></tr></table>
<table><tr><td>As of December 31 (dollars in millions)</td><td>2013</td><td>2012</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>Total stockholders’ equity</td><td>$4,568</td><td>$5,039</td><td>$5,215</td><td>$5,216</td><td>$5,101</td></tr><tr><td>Less: Goodwill and other acquisition-related intangible assets</td><td>2,127</td><td>2,154</td><td>2,174</td><td>1,962</td><td>1,515</td></tr><tr><td>Tangible stockholders’ equity</td><td>$2,441</td><td>$2,885</td><td>$3,041</td><td>$3,254</td><td>$3,586</td></tr><tr><td>Total assets</td><td>$33,214</td><td>$30,324</td><td>$27,558</td><td>$25,034</td><td>$21,257</td></tr><tr><td>Less: Goodwill and other acquisition-related intangible assets</td><td>2,127</td><td>2,154</td><td>2,174</td><td>1,962</td><td>1,515</td></tr><tr><td>Tangible assets</td><td>$31,087</td><td>$28,170</td><td>$25,384</td><td>$23,072</td><td>$19,742</td></tr><tr><td> Tangible equity ratio</td><td>7.9%</td><td>10.2%</td><td>12.0%</td><td>14.1%</td><td>18.2%</td></tr><tr><td>As of December 31 (in millions, except per share data)</td><td>2013</td><td>2012</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>Tangible stockholders’ equity</td><td>$2,441</td><td>$2,885</td><td>$3,041</td><td>$3,254</td><td>$3,586</td></tr><tr><td>Common shares issued</td><td>396.45</td><td>395.81</td><td>395.42</td><td>376.62</td><td>348.25</td></tr><tr><td>Less: Common shares classified as treasury shares</td><td>89.54</td><td>56.18</td><td>38.03</td><td>17.49</td><td>3.21</td></tr><tr><td>Unallocated ESOP common shares</td><td>8.01</td><td>8.36</td><td>8.71</td><td>9.06</td><td>9.41</td></tr><tr><td>Common shares</td><td>298.90</td><td>331.27</td><td>348.68</td><td>350.07</td><td>335.63</td></tr><tr><td> Tangible book value per share</td><td>$8.17</td><td>$8.71</td><td>$8.72</td><td>$9.30</td><td>$10.68</td></tr></table>

Question: What is the sum of Tangible stockholders’ equity of 2013, Provision for income taxes of 2013, and Indefinitely invested earnings of foreign subsidiaries of 2014 ?
Answer: 20303.0