DEXTER-CQA/TAT-QA-corpus huggingface dataset:
||Consolidated Statements of Income data:|Net sales|Special charges and other, net (2)|Loss on settlement of debt (3)|Net income from continuing operations|Basic net income per common share from continuing operations|Diluted net income per common share from continuing operations|Dividends declared per common share|Consolidated Balance Sheets data:|Total assets|Net long-term debt and capital lease obligations, less current maturities (3)|Microchip Technology stockholders' equity
|2019 (1)||$5,349.5|$33.7|$(12.6)|$355.9|$1.51|$1.42|$1.457||$18,350.0|$8,956.0|$ 5,287.5
|2018||$3,980.8|$17.5|$(16.0)|$255.4|$1.10|$1.03|$1.449||$8,257.2|$1,769.1|$ 3,279.8
Year ended March 31,|2017 (1)||$3,407.8|$98.6|$(43.9)|$170.6|$0.79|$0.73|$1.441||$7,686.9|$2,912.1|$3,270.7
|2016||$2,173.3|$4.0|$—|$323.9|$1.59|$1.49|$1.433||$5,537.9|$2,465.8|$ 2,150.9
|2015||$2,147.0|$2.8|$(50.6)|$365.3|$1.84|$1.65|$1.425||$4,780.7|$1,840.0|$ 2,044.7
You should read the following selected consolidated financial data for the five-year period ended March 31, 2019 in conjunction with our consolidated financial statements and notes thereto and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in Items 7 and 8 of this Form 10-K. Our consolidated statements of income data for each of the years in the three-year period ended March 31, 2019, and the balance sheet data as of March 31, 2019 and 2018, are derived from our audited consolidated financial statements, included in Item 8 of this Form 10-K. The statement of income data for the years ended March 31, 2016 and 2015 and balance sheet data as of March 31, 2017, 2016 and 2015 have been derived from our audited consolidated financial statements not included herein (in the tables below all amounts are in millions, except per share data).
|||Net revenues|Gross profit|Gross margin as percentage of net revenues.|Operating income|Net income attributable to parent company|Diluted earnings per share
Year ended December 31,|2019|(In millions, except per share amounts)|$9,556|3,696|38.7%|1,203|1,032|$1.14
|2018||$9,664|3,861|40.0%|1,400|1,287|$1.41
Three Months Ended|December 31, 2019||$2,754|1,081|39.3%|460|392|$0.43
|September 29, 2019|(Unaudited, in millions, except per share amounts)|$2,553|967|37.9%|336|302|$0.34
|December 31, 2018||$2,648|1,059|40.0%|443|418|$0.46
€ million|EBT (earnings before taxes)|Expected income tax expenses (30.53%)|Effects of differing national tax rates|Tax expenses and income relating to other periods|Non-deductible business expenses for tax purposes|Effects of not recognised or impaired deferred taxes|Additions and reductions for local taxes|Tax holidays|Other deviations|Income tax expenses according to the income statement|Group tax rate
2017/2018|576|176|−58|−21|41|79|11|−14|3|216|37.6%
2018/2019|709|216|−62|−6|51|114|13|−39|5|298|42.0%
||Sales|Cost of sales|Total operating expense|Operating income (loss) from discontinued operations|Other income (expense)|Income (loss) from discontinued operations before income taxes|Provision (benefit) for income taxes|Income (loss) from discontinued operations, net of income taxes
Years Ended December 31,|2019|$  —|(901)|1,022|(121)|10,895|10,774|2,294|$8,480
|2018|$  —|(88)|96|(8)|(24)|(32)|6|$(38)
(In thousands)|Long-term debt|Interest on long-term debt obligations (1)|Finance leases|Operating leases|Unconditional purchase obligations:|Unrecorded (2)|Recorded (3)|Pension funding (4)
Less than 1 Year|$ 18,350|128,731|10,280|7,860||36,488|98,035|33,861
1 -3 Years|$ 521,700|246,834|8,285|10,751||37,830|—|64,311
3 -5 Years|$ 1,729,663|65,552|3,404|5,660||19,954|—|65,959
Thereafter|$ —|—|6,604|10,691||1,371|—|—
Total|$ 2,269,713|441,117|28,573|34,962||95,643|98,035|164,131
|Salary|Bonus(1)|Charges and Non-cash Benefits(2)|Total(3)
2019|$896,297|$1,280,173|$5,618,382|$7,794,852
2018|$927,820|$3,214,578|$6,971,946|$11,114,344
2017|$903,186|$1,044,514|$1,828,814|$3,776,514
(In thousands)|Assets:|Accounts receivable, net|Contract assets|Prepaid expenses and other current assets|Other non-current assets|Liabilities:|Contract liabilities|Shareholders' equity:|Retained earnings
March 31, 2018||16,389|—|5,593|2,484||26,820||103,601
Adjustment from Topic 606||3,124|4,583|(496)|2,409||7,006||2,614
April 1, 2018||19,513|4,583|5,097|4,893||33,826||106,215
||Computer equipment|Software|Land|Buildings, including improvements|Leasehold improvements|Other|Total property and equipment|Less: accumulated depreciation and amortization|Property and equipment, net
Estimated Useful Lives||3 years|3 years|Indefinite|5-40 years|Lesser of useful life or remaining lease term|1-20 years|||
December 31,|2019|$ 434.8|55.9|9.0|145.5|99.4|25.7|770.3|(511.7)|$ 258.6
|2018|$ 417.6|40.5|9.0|175.0|70.8|27.0|739.9|(440.9)|$ 299.0
In October 2019, we began implementing a restructuring plan in our ongoing efforts to reduce operating costs and focus on advanced technologies. The restructuring plan, when complete, is expected to result in a workforce reduction of approximately 5% of our workforce and the closure and consolidation of certain U.S. and international office facilities. We expect to complete the restructuring by the end of the second fiscal quarter of 2020. We recorded restructuring expenses of $2.5 million in the fourth quarter of 2019, which included the following (in thousands)
Particulars of Remuneration||1. Gross salary|(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961|(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961|(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961|2. Stock Option|3. Sweat Equity|4. Commission|as % of profit|5. Others, Allowances|Total
Key Managerial Personnel|Ramakrishnan V Chief Financial Officer||72.06|43.54|-|-|-|-|-|297.47|413.07
|Rajendra Moholkar Company Secretary||21.66|1.20|-|-|-|-|-|117.29|140.15
|Total||93.72|44.74|-|-|-|-|-|414.76|553.22
In the UK the standard shopping centre lease is for a term of 10 to 15 years. Standard lease provisions include service charge payments, recovery of other direct costs and review every five years to market rent. Standard turnover-based leases have a turnover percentage agreed with each lessee which is applied to a retail unit’s annual sales and any excess between the resulting turnover rent and the minimum rent is receivable by the Group and recognised as income in the period in which it arises.
|(In thousands)|Net (loss) income|Less: Loss from discontinued operations|(Loss) income from continuing operations|Non-cash adjustments to net (loss) income|Cash impact of changes in operating assets and liabilities|Net cash provided by operating activities - continuing operations|Net cash (used in) provided by operating activities - discontinued operations|Net cash provided by operating activities
|2019|$ (182,602)|0|(182,602)|277,217|(18,361)|76,254|(30,000)|$ 46,254
Year Ended December 31,|2018|$ 407,807|395,138|12,669|136,651|(60,086)|89,234|(21,343)|$ 67,891
|2017|$ (154,175)|30,348|(184,523)|351,835|57,746|225,058|54,357|$ 279,415
|2019 $ Change from 2018|$ (590,409)|(395,138)|(195,271)|140,566|41,725|(12,980)|(8,657)|$ (21,637)
|2018 $ Change from 2017|$ 561,982|364,790|197,192|(215,184)|(117,832)|(135,824)|(75,700)|$ (211,524)
||Years Ended December 31,|Service |Wireless equipment |Other |Total Operating Revenues |Connections (‘000):(1)      |Wireless retail connections |Wireless retail postpaid connections |Fios Internet connections |Fios video connections |Broadband connections |Voice connections |Net Additions in Period (‘000):(2)      |Wireless retail |Wireless retail postpaid |Wireless retail postpaid phones |Churn Rate:     |Wireless retail |Wireless retail postpaid |Wireless retail postpaid phones |Account Statistics:     |Wireless retail postpaid ARPA |Wireless retail postpaid accounts (‘000)(1)  |Wireless retail postpaid connections per account(1)  
||2019|$65,383|18,048|7,625|$ 91,056||94,544|90,481|5,902|4,152|6,467|5,754||379|970|737||1.28%|1.05%|0.79%||$ 118.13|33,875|2.67
||2018|$ 64,223|18,875|6,664|$ 89,762||94,507|89,861|5,760|4,377|6,460|6,332||372|1,129|498||1.25%|1.00%|0.76%||$115.48|34,086|2.64
(dollars in millions, except ARPA)|Increase/ (Decrease)|2019 vs. 2018|$ 1,160|(827)|961|$ 1,294||37|620|142|(225)|7|(578)||7|(159)|239||||||$ 2.65|(211)|0.03
|||1.8%|(4.4)|14.4|1.4||—|0.7|2.5|(5.1)|0.1|(9.1)||1.9|(14.1)|48.0||||||2.3|(0.6)|1.1
Cost of revenue increased $4.9 million, or 3%, in 2019 as compared to 2018. The increase in cost of revenue was primarily due to $12.1 million in increased personnel expenses, stock-based compensation, and overhead costs, $3.9 million in increased content costs, $3.6 million in increased amortization of acquired intangible assets, and $1.6 million in increased capitalized software amortization. These increased costs were partially offset by $16.4 million in decreased external implementation professional service costs. These costs were incurred to service our existing customers and support our continued growth. The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin.
SEK billion|Segment operating income|income of which Emerging Business, iconective, media businesses and common costs|of which SEC and DOJ
settlement costs|of which costs for
ST-Ericsson wind-down|of which a refund of social security costs in Sweden
Full year 2019|-12.5|-2.4|–10.7|–0.3|0.9
Full year 2018|-5.4|-5.4|–|–|-
(in thousands of U.S. dollars)|Net cash provided by operating activities|Net cash (used in)/ provided by investing activities|Net cash used in financing activities|(Decrease)/Increase in cash and cash equivalents and restricted cash|Cash and cash equivalents and restricted cash, beginning of year|Cash and cash equivalents and restricted cash, end of year
Year Ended December 31, 2019|$96,112|(56,467)|(111,692)|(72,047)|150,774|$78,727
Year Ended December 31, 2018|$55,637|27,863|(66,916)|16,584|134,190|150,774
Year Ended December 31, 2017|$48,117|(42,365)|(12,940)|(7,188)|141,378|$134,190
|Balance at beginning of fiscal year|Provisions for warranties issued|Adjustments for pre-existing warranties|Settlements|Acquisitions and divestitures|Balance at end of fiscal year
July 27, 2019|$359|600|(12)|(603)|(2)|$342
July 28, 2018|$407|582|(38)|(592)|—|$359
July 29, 2017|$414|691|(21)|(677)|—|$407
||Revenues from fixed rate time charters|Revenues from variable rate time charters|Revenues from The Cool Pool Limited (GasLog vessels)|Revenues from vessel management services|Total
|2017|485,961|—|38,046|1,222|525,229
For the year ended December 31,|2018|515,324|—|102,253|767|618,344
|2019|558,266|64,334|45,253|784|668,637
Revenues from The Cool Pool Limited relate only to the pool revenues received from GasLog’s vessels operating in the Cool Pool and do not include the Net pool allocation to GasLog of ($4,264) for the year ended December 31, 2019 ($17,818 for the year ended December 31, 2018 and $7,254 for the year ended December 31, 2017), which is recorded as a separate line item in the Profit or Loss Statement.
Name of Beneficial Owner|Richard Leeds (2)|Bruce Leeds (3)|Robert Leeds (4)|Barry Litwin|Robert D. Rosenthal|Chad M. Lindbloom|Paul S. Pearlman|Lawrence Reinhold|Thomas Clark|Robert Dooley|Eric Lerner|Manoj Shetty|All of our current directors and executive officers (16 persons)
Shares of Common Stock (a)|14,526,816|13,686,090|13,013,992|5,098|69,401|680|-|159,344 (5)|18,233|70,264|4,147|2,922|25,181,435
Restricted Stock Units Vesting within 60 days|-|-|-|1,259|1,259|1,259|849|849|-|-|-|-|5,475
Stock Options currently exercisable or becoming exercisable within 60 days (1)|-|-|-|-|10,000|-|-|-|53,737|45,348|18,750|51,063|196,496
Percent of Common Stock|38%|36%|34%|*|*|*|*|*|*|*|*|*|67%
|Bell Wireless|Bell Wireline|Bell Media|Inter-segment eliminations|Total BCE operating costs
2019|(5,300)|(6,942)|(2,367)|751|(13,858)
2018|(5,297)|(6,946)|(2,428)|738|(13,933)
$ CHANGE|(3)|4|61|13|75
% CHANGE|(0.1%)|0.1%|2.5%|1.8%|0.5%
Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the difference between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
||Net sales|Net income|Total assets|Total liabilities|Total equity
|June 1, 2019|$112,396|9,490|128,470|7,600|120,870
For the fiscal year ended|June 2, 2018|$107,705|7,071|134,056|5,859|128,197
|June 3, 2017|$86,072|2,804|131,871|6,543|125,328
The Company is a member of Eggland’s Best, Inc. (“EB”), which is a cooperative. At June 1, 2019 and June 2, 2018, “Other long-term assets” as shown on the Company’s Consolidated Balance Sheet includes the cost of the Company’s investment in EB plus any qualified written allocations. The Company cannot exert significant influence over EB’s operating and financial activities; therefore, the Company accounts for this investment using the cost method. The carrying value of this investment at June 1, 2019 and June 2, 2018 was $2.6 million and $2.6 million, respectively.
The Company has several investments in unconsolidated entities that are accounted for using the equity method of accounting. Red River Valley Egg Farm, LLC ("Red River") operates a cage-free shell egg production complex near Bogota, Texas. Specialty Eggs, LLC ("Specialty Eggs") owns the Egg-Land's Best franchise for most of Georgia and South Carolina, as well as a portion of western North Carolina and eastern Alabama. Southwest Specialty Eggs, LLC ("Southwest Specialty Eggs") owns the Egg-Land's Best franchise for Arizona, southern California and Clark County, Nevada (including Las Vegas). As of June 1, 2019, the Company owns 50% of each of Red River, Specialty Eggs, and Southwest Specialty Eggs. Equity method investments are included in “Investments in unconsolidated entities” in the accompanying Consolidated Balance Sheets and totaled $60.7 million and $64.2 million at June 1, 2019 and at June 2, 2018, respectively.
The unaudited pro forma financial information in the table below summarizes the combined results of operations for Oracle, Aconex and certain other companies that we acquired since the beginning of fiscal 2018 that were considered relevant for the purposes of unaudited pro forma financial information disclosure as if the companies were combined as of the beginning of fiscal 2018. The unaudited pro forma financial information for all periods presented included the business combination accounting effects resulting from these acquisitions, including amortization charges from acquired intangible assets (certain of which are preliminary), stock-based compensation charges for unvested restricted stock-based awards and stock options assumed, if any, and the related tax effects as though the aforementioned companies were combined as of the beginning of fiscal 2018. The unaudited pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisitions had taken place at the beginning of fiscal 2018 or 2019.
Option Awards|Name|Gregory S. Clark|Nicholas R. Noviello|Amy L. Cappellanti-Wolf|Samir Kapuria|Scott C. Taylor
|Number of Shares Acquired on Exercise (#)|—|332,155|—|—|—
|Value Realized on Exercise (1)($)$)|—|4,699,993|—|—|—
Stock Awards|Number of Shares Acquired on Vesting(2) (#)|342,338|111,855|92,644|112,125|103,798
|Value Realized on Vesting (3)($)$)|7,467,791|2,419,818|1,997,239|2,497,640|2,216,595
The negative swing in Corporate items was mainly due to large positive effects in fiscal 2018 – the gain of € 900 million resulting from the transfer of Siemens’ shares in Atos SE to Siemens Pension- Trust e. V. and the gain of € 655 million from the sale of OSRAM Licht AG shares. These effects substantially outweighed a positive result in fiscal 2019 from the measurement of a major asset retirement obligation, which was previously reported in Centrally managed portfolio activities. Severance charges within Corporate items were € 99 million (€ 159 million in fiscal 2018).
|(in millions of €)|Real Estate Services|Corporate items|Centrally carried pension expense|Amortization of intangible assets acquired in business combinations|Eliminations, Corporate Treasury and other reconciling items|Reconciliation to Consolidated financial Statements
|2019|145|(562)|(264)|(1,133)|(215)|(2,028)
Fiscal year|2018|140|631|(423)|(1,164)|(318)|(1,135)
|||Beginning of period balance|Acquired liabilities|Changes in fair value included in earnings|Settlements|End of period balance
Fair Value Measurements Using Significant Unobservable Inputs|Year Ended December 31, 2019|Subsidiary Unit Awards|385|—|(14)|(200)|$171
||Contingent Consideration Liability from Acquisitions|$ —|2,793|(198)|—|$2,595
|Year Ended December 31, 2018|Subsidiary Unit Awards|$3,160|—|27|(2,802)|$385
Year Ended May 31,||(Dollars in millions)|General and administrative (1)|Stock-based compensation|Total expenses|% of Total Revenues
||2019|$1,093|172|$1,265|3%
||Actual|-1%|-5%|-1%|
|Percent Change|Constant|2%|-5%|1%|
||2018|$1,102|180|$1,282|3%
Years Ended|Statutory federal income tax rate|Increase (reduction) in rate resulting from:|Non-U.S. income taxed at different rates|Research and development tax credits|Domestic manufacturing deduction benefit|Foreign derived intangible income benefit|Tax Reform|ISecG divestiture|Other|Effective tax rate
Dec 28, 2019|21.0%||(3.7)|(2.3)|—|(3.2)|—|—|0.7|12.5%
Dec 29, 2018|21.0%||(3.6)|(2.7)|—|(3.7)|(1.3)|—|(0.1)|9.7%
Dec 30, 2017|35.0%||(7.6)|(2.3)|(1.3)|—|26.8|3.3|(1.1)|52.8%
(In millions)|Defined benefit pension plans and other post-employment benefits:|Prior service credits|Actuarial losses|Total pre-tax amount|Tax benefit|Net of tax|Net gains (losses) on cash flow hedging derivatives:(1)|Foreign currency forward contracts|Interest rate and currency swaps|Treasury locks|Total pre-tax amount|Tax (expense) benefit|Net of tax|Total reclassifications for the period
2019||$ 0.1|(4.9)|(4.8)|1.2|(3.6)||1.6|—|0.1|1.7|(0.6)|1.1|(2.5 )
2018||$0.3|(3.1)|(2.8)|0.7|(2.1)||0.2|—|0.1|0.3|(0.1)|0.2|(1.9 )
2017||$ 1.3|(10.0)|(8.7)|2.5|(6.2)||0.9|(3.4)|0.1|(2.4)|0.8|(1.6)|(7.8 )
Location of Amount Reclassified from AOCL||||Other (expense) income, net||||Cost of sales||Interest expense, net||||
We provide warranties on the majority of our product sales and reserves for estimated warranty costs are recorded during the period of sale. The determination of such reserves requires us to make estimates of product return rates and expected costs to repair or replace the products under warranty. We currently establish warranty reserves based on historical warranty costs for each product line. The weighted average warranty period covered is approximately 15 to 18 months. If actual return rates and/or repair and replacement costs differ significantly from our estimates, adjustments to cost of sales may be required in future periods.
||Beginning balance|Additions related to current period sales|Warranty costs incurred in the current period|Accruals resulting from acquisitions|Adjustments to accruals related to foreign exchange and other|Ending balance
|2019|$40,220|52,271|(54,538)|21|(1,514)|$36,460
Fiscal|2018|$36,149|58,865|(51,935)|179|(3,038)|$40,220
|2017|$15,949|41,365|(31,825)|14,314|(3,654)|$36,149
||Revenues|ACI On Premise|ACI On Demand|Total revenue|Segment Adjusted EBITDA|ACI On Premise|ACI On Demand|Depreciation and amortization|Stock-based compensation expense|Corporate and unallocated expenses|Interest, net|Other, net|Income before income taxes|Depreciation and amortization|ACI On Premise|ACI On Demand|Corporate|Total depreciation and amortization|Stock-based compensation expense|ACI On Premise|ACI On Demand|Corporate|Total stock-based compensation expense
|2019||$579,334|678,960|$1,258,294||$ 321,305|66,501|(122,569 )|(36,763 )|(104,718 )|(52,066 )|520|$ 72,210||$ 11,992|34,395|76,182|$ 122,569||$ 7,651|7,995|21,117|$36,763
Years Ended December 31,|2018||$576,755|433,025|$1,009,780||$ 323,902|12,015|(97,350 )|(20,360 )|(92,296 )|(30,388 )|(3,724 )|$ 91,799||$ 11,634|31,541|54,175|$ 97,350||$ 4,348|4,338|11,674|$20,360
|2017||$598,590|425,601|$1,024,191||$ 347,094|(1,832 )|(102,224 )|(13,683 )|(144,715 )|(38,449 )|(2,619 )|$ 43,572||$ 13,094|34,171|54,959|$ 102,224||$ 2,234|2,230|9,219|$13,683
||Current income tax:|UK corporation tax|Adjustments in respect of previous years UK tax|Overseas tax before exceptional items|Adjustment in respect of previous years|Total current tax charge|Deferred tax:|Origination and reversal of temporary differences|Impact of changes in US tax rate|Adjustment in respect of previous years|Total deferred tax credit|Total income tax charge
Year-ended 31 March 2019|$M||1.3|0.3|22.2|13.1|36.9||2.5|-|(12.7)|(10.2)|26.7
Year-ended 31 March 2018 Restated See note 2|$M||1.2|0.3|23.0|10.2|34.7||(16.7)|5.4|(3.5)|(14.8)|19.9
||Trade receivables|Less: provision for impairment of trade receivables|Net trade receivables|Accrued income|Prepayments|Other receivables|Total
2019|£m|27.0|(2.1)|24.9|28.0|2.9|0.3|56.1
(Restated) 2018|£m|28.8|(3.4)|25.4|26.7|2.7|0.1|54.9
||Cash and cash equivalents|Restricted cash included in "Other current assets"|Restricted cash included in "Deferred charges and other assets"|
|2019|$127,246|568|1,371|$129,185
December 31,|2018|$128,697|149|1,385|$130,231
|2017|$343,734|154|917|$344,805
|2016|$266,675|160|759|$267,594
Cash, Cash Equivalents and Restricted cash — Cash and cash equivalents consist of cash and highly liquid shortterm investments, primarily held in non-interest-bearing investments which have original maturities of less than 90 days. Cash and cash equivalents in the amount of $127.2 million and $128.7 million at December 31, 2019 and 2018, respectively, were primarily held in non-interest-bearing accounts. Cash and cash equivalents of $125.3 million and $115.7 million at December 31, 2019 and 2018, respectively, were held in international operations. Most of these funds will not be subject to additional taxes if repatriated to the United States. There are circumstances where the Company may be unable to repatriate some of the cash and cash equivalents held by its international operations due to country restrictions.
The Company sells its products to distributors and original equipment manufacturers (OEMs) in a broad range of market segments, performs on-going credit evaluations of its customers and, as deemed necessary, may require collateral, primarily letters of credit. The Company's operations outside the U.S. consist of product assembly and final test facilities in Thailand, and sales and support centers and design centers in certain foreign countries. Domestic operations are responsible for the design, development and wafer fabrication of products, as well as the coordination of production planning and shipping to meet worldwide customer commitments. The Company's Thailand assembly and test facility is reimbursed in relation to value added with respect to assembly and test operations and other functions performed, and certain foreign sales offices receive compensation for sales within their territory. Accordingly, for financial statement purposes, it is not meaningful to segregate sales or operating profits for the assembly and test and foreign sales office operations. Identifiable long-lived assets (consisting of property, plant and equipment net of accumulated amortization) by geographic area are as follows (in millions):