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[ "fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset ( liability ) .", ".", ".", ".", ".", ".", ".", ".", ".", "$ 20132 $ ( 9457 ) fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability .", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", ".", "$ ( 6781 ) $ ( 38294 ) the calculation assumes that each exchange rate would change in the same direction relative to the u.s .", "dollar .", "in addition to the direct effects of changes in exchange rates , such changes typically affect the volume of sales or the foreign currency sales price as competitors 2019 products become more or less attractive .", "our sensitivity analysis of the effects of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency selling prices. ." ]

[ "interest rate to a variable interest rate based on the three-month libor plus 2.05% ( 2.05 % ) ( 2.34% ( 2.34 % ) as of october 31 , 2009 ) .", "if libor changes by 100 basis points , our annual interest expense would change by $ 3.8 million .", "foreign currency exposure as more fully described in note 2i .", "in the notes to consolidated financial statements contained in item 8 of this annual report on form 10-k , we regularly hedge our non-u.s .", "dollar-based exposures by entering into forward foreign currency exchange contracts .", "the terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months .", "currently , our largest foreign currency exposure is the euro , primarily because our european operations have the highest proportion of our local currency denominated expenses .", "relative to foreign currency exposures existing at october 31 , 2009 and november 1 , 2008 , a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates over the course of the year would not expose us to significant losses in earnings or cash flows because we hedge a high proportion of our year-end exposures against fluctuations in foreign currency exchange rates .", "the market risk associated with our derivative instruments results from currency exchange rate or interest rate movements that are expected to offset the market risk of the underlying transactions , assets and liabilities being hedged .", "the counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings .", "we do not believe that there is significant risk of nonperformance by these counterparties because we continually monitor the credit ratings of such counterparties .", "while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions , they do not represent the amount of our exposure to credit risk .", "the amounts potentially subject to credit risk ( arising from the possible inability of counterparties to meet the terms of their contracts ) are generally limited to the amounts , if any , by which the counterparties 2019 obligations under the contracts exceed our obligations to the counterparties .", "the following table illustrates the effect that a 10% ( 10 % ) unfavorable or favorable movement in foreign currency exchange rates , relative to the u.s .", "dollar , would have on the fair value of our forward exchange contracts as of october 31 , 2009 and november 1 , 2008: ." ]

[ "if libor changes by 100 basis points , our annual interest expense would change by $ 3.8 million ." ]

[ [ "", "october 31 2009", "november 1 2008" ], [ "fair value of forward exchange contracts asset ( liability )", "$ 6427", "$ -23158 ( 23158 )" ], [ "fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset ( liability )", "$ 20132", "$ -9457 ( 9457 )" ], [ "fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability", "$ -6781 ( 6781 )", "$ -38294 ( 38294 )" ] ]

[ "the remaining unrecognized compensation expense for outstanding restricted stock and restricted stock units , including performance-based awards , as of march 31 , 2012 was $ 7.1 million and the weighted-average period over which this cost will be recognized is 2.2 years .", "the weighted average grant-date fair value for restricted stock and restricted stock units granted during the years ended march 31 , 2012 , 2011 , and 2010 was $ 18.13 , $ 10.00 and $ 7.67 per share , respectively .", "the total fair value of restricted stock and restricted stock units vested in fiscal years 2012 , 2011 , and 2010 was $ 1.5 million , $ 1.0 million and $ 0.4 million , respectively .", "performance-based awards included in the restricted stock and restricted stock units activity discussed above are certain awards granted in fiscal years 2012 , 2011 and 2010 that vest subject to certain performance-based criteria .", "in june 2010 , 311000 shares of restricted stock and a performance-based award for the potential issuance of 45000 shares of common stock were issued to certain executive officers and members of senior management of the company , all of which would vest upon achievement of prescribed service milestones by the award recipients and performance milestones by the company .", "during the year ended march 31 , 2011 , the company determined that it met the prescribed performance targets and a portion of these shares and stock options vested .", "the remaining shares will vest upon satisfaction of prescribed service conditions by the award recipients .", "during the three months ended june 30 , 2011 , the company determined that it should have been using the graded vesting method instead of the straight-line method to expense stock-based compensation for the performance-based awards issued in june 2010 .", "this resulted in additional stock based compensation expense of approximately $ 0.6 million being recorded during the three months ended june 30 , 2011 that should have been recorded during the year ended march 31 , 2011 .", "the company believes that the amount is not material to its march 31 , 2011 consolidated financial statements and therefore recorded the adjustment in the quarter ended june 30 , 2011 .", "during the three months ended june 30 , 2011 , performance-based awards of restricted stock units for the potential issuance of 284000 shares of common stock were issued to certain executive officers and members of the senior management , all of which would vest upon achievement of prescribed service milestones by the award recipients and revenue performance milestones by the company .", "as of march 31 , 2012 , the company determined that it met the prescribed targets for 184000 shares underlying these awards and it believes it is probable that the prescribed performance targets will be met for the remaining 100000 shares , and the compensation expense is being recognized accordingly .", "during the year ended march 31 , 2012 , the company has recorded $ 3.3 million in stock-based compensation expense for equity awards in which the prescribed performance milestones have been achieved or are probable of being achieved .", "the remaining unrecognized compensation expense related to these equity awards at march 31 , 2012 is $ 3.6 million based on the company 2019s current assessment of probability of achieving the performance milestones .", "the weighted-average period over which this cost will be recognized is 2.1 years. ." ]

[ "abiomed , inc .", "and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 .", "stock award plans and stock-based compensation ( continued ) restricted stock and restricted stock units the following table summarizes restricted stock and restricted stock unit activity for the fiscal year ended march 31 , 2012 : number of shares ( in thousands ) weighted average grant date fair value ( per share ) ." ]

[ "the granted of number of shares ( in thousands ) is 607 ; the granted of weighted average grant date fair value ( per share ) is 18.13 ;", "during the year ended march 31 , 2012 , the company has recorded $ 3.3 million in stock-based compensation expense for equity awards in which the prescribed performance milestones have been achieved or are probable of being achieved ." ]

[ [ "", "number of shares ( in thousands )", "weighted average grant date fair value ( per share )" ], [ "restricted stock and restricted stock units at beginning of year", "407", "$ 9.84" ], [ "granted", "607", "18.13" ], [ "vested", "-134 ( 134 )", "10.88" ], [ "forfeited", "-9 ( 9 )", "13.72" ], [ "restricted stock and restricted stock units at end of year", "871", "$ 15.76" ] ]

[ "as of december 31 , 2018 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .", "as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .", "our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .", "fuel prices have fluctuated substantially over the past several years .", "we cannot predict the future availability , price volatility or cost of aircraft fuel .", "natural disasters ( including hurricanes or similar events in the u.s .", "southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , economic sanctions imposed against oil-producing countries or specific industry participants , changes in fuel-related governmental policy , the strength of the u.s .", "dollar against foreign currencies , changes in the cost to transport or store petroleum products , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .", "see part i , item 1a .", "risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .", "continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .", "general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .", "therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results .", "domestic and global regulatory landscape general airlines are subject to extensive domestic and international regulatory requirements .", "domestically , the dot and the federal aviation administration ( faa ) exercise significant regulatory authority over air carriers .", "the dot , among other things , oversees domestic and international codeshare agreements , international route authorities , competition and consumer protection matters such as advertising , denied boarding compensation and baggage liability .", "the antitrust division of the department of justice ( doj ) , along with the dot in certain instances , have jurisdiction over airline antitrust matters. ." ]

[ "the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2018 , 2017 and 2016 ( gallons and aircraft fuel expense in millions ) .", "year gallons average price per gallon aircraft fuel expense percent of total operating expenses ." ]

[ "year the 2018 of gallons is 4447 ; the 2018 of average priceper gallon is $ 2.23 ; the 2018 of aircraft fuelexpense is $ 9896 ; the 2018 of percent of totaloperating expenses is 23.6% ( 23.6 % ) ;" ]

[ [ "year", "gallons", "average priceper gallon", "aircraft fuelexpense", "percent of totaloperating expenses" ], [ "2018", "4447", "$ 2.23", "$ 9896", "23.6% ( 23.6 % )" ], [ "2017", "4352", "1.73", "7510", "19.6% ( 19.6 % )" ], [ "2016", "4347", "1.42", "6180", "17.6% ( 17.6 % )" ] ]

[ "in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment .", "in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income .", "proceeds received and gains recognized for each investment are included in the \"available-for-sale investments\" and \"equity method investments\" sections that follow .", "table of contents intel corporation notes to consolidated financial statements ( continued ) ." ]

[ "the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve .", "as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable .", "our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures .", "the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 .", "the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 .", "the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 .", "we agreed to make payments to nvidia over six years .", "as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable .", "the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates .", "note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 ." ]

[ "( in millions ) the available-for-sale investments of dec 282013 is $ 18086 ; the available-for-sale investments of dec 292012 is $ 14001 ;", "( in millions ) the total cash and investments of dec 282013 is $ 31561 ; the total cash and investments of dec 292012 is $ 26302 ;" ]

[ [ "( in millions )", "dec 282013", "dec 292012" ], [ "available-for-sale investments", "$ 18086", "$ 14001" ], [ "cash", "854", "593" ], [ "equity method investments", "1038", "992" ], [ "loans receivable", "1072", "979" ], [ "non-marketable cost method investments", "1270", "1202" ], [ "reverse repurchase agreements", "800", "2850" ], [ "trading assets", "8441", "5685" ], [ "total cash and investments", "$ 31561", "$ 26302" ] ]

[ "the retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 .", "refer to \"hurricane rita and hurricane katrina\" and \"state and local rate regulation\" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing .", "the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 .", "purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges .", "see \"state and local rate regulation\" below for a discussion of the formula rate plan filing .", "the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales .", "gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage .", "the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits .", "fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. ." ]

[ "entergy louisiana , llc management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .", "following is an analysis of the change in net revenue comparing 2008 to 2007 .", "amount ( in millions ) ." ]

[ "the 2007 net revenue of amount ( in millions ) is $ 991.1 ;", "the 2008 net revenue of amount ( in millions ) is $ 959.2 ;" ]

[ [ "", "amount ( in millions )" ], [ "2007 net revenue", "$ 991.1" ], [ "retail electric price", "-17.1 ( 17.1 )" ], [ "purchased power capacity", "-12.0 ( 12.0 )" ], [ "net wholesale revenue", "-7.4 ( 7.4 )" ], [ "other", "4.6" ], [ "2008 net revenue", "$ 959.2" ] ]

[ "." ]

[ "the significant changes from december 31 , 2008 to december 31 , 2009 in level 3 assets and liabilities are due to : a net decrease in trading securities of $ 10.8 billion that was driven by : 2022 net transfers of $ 6.5 billion , due mainly to the transfer of debt 2013 securities from level 3 to level 2 due to increased liquidity and pricing transparency ; and net settlements of $ 5.8 billion , due primarily to the liquidations of 2013 subprime securities of $ 4.1 billion .", "the change in net trading derivatives driven by : 2022 a net loss of $ 4.9 billion relating to complex derivative contracts , 2013 such as those linked to credit , equity and commodity exposures .", "these losses include both realized and unrealized losses during 2009 and are partially offset by gains recognized in instruments that have been classified in levels 1 and 2 ; and net increase in derivative assets of $ 4.3 billion , which includes cash 2013 settlements of derivative contracts in an unrealized loss position , notably those linked to subprime exposures .", "the decrease in level 3 investments of $ 6.9 billion primarily 2022 resulted from : a reduction of $ 5.0 billion , due mainly to paydowns on debt 2013 securities and sales of private equity investments ; the net transfer of investment securities from level 3 to level 2 2013 of $ 1.5 billion , due to increased availability of observable pricing inputs ; and net losses recognized of $ 0.4 billion due mainly to losses on non- 2013 marketable equity securities including write-downs on private equity investments .", "the decrease in securities sold under agreements to repurchase of 2022 $ 9.1 billion is driven by a $ 8.6 billion net transfers from level 3 to level 2 as effective maturity dates on structured repos have shortened .", "the decrease in long-term debt of $ 1.5 billion is driven mainly by 2022 $ 1.3 billion of net terminations of structured notes .", "transfers between level 1 and level 2 of the fair value hierarchy the company did not have any significant transfers of assets or liabilities between levels 1 and 2 of the fair value hierarchy during 2010 .", "items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above .", "these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment .", "in addition , these assets include loans held-for-sale that are measured at locom that were recognized at fair value below cost at the end of the period .", "the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices .", "such loans are generally classified as level 2 of the fair value hierarchy given the level of activity in the market and the frequency of available quotes .", "if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan .", "the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2010 and 2009 : in billions of dollars aggregate cost fair value level 2 level 3 ." ]

[ "in billions of dollars the december 31 2010 of aggregate cost is $ 3.1 ; the december 31 2010 of fair value is $ 2.5 ; the december 31 2010 of level 2 is $ 0.7 ; the december 31 2010 of level 3 is $ 1.8 ;", "in billions of dollars the december 31 2009 of aggregate cost is $ 2.5 ; the december 31 2009 of fair value is $ 1.6 ; the december 31 2009 of level 2 is $ 0.3 ; the december 31 2009 of level 3 is $ 1.3 ;" ]

[ [ "in billions of dollars", "aggregate cost", "fair value", "level 2", "level 3" ], [ "december 31 2010", "$ 3.1", "$ 2.5", "$ 0.7", "$ 1.8" ], [ "december 31 2009", "$ 2.5", "$ 1.6", "$ 0.3", "$ 1.3" ] ]

[ "( 1 ) consists of customer-related intangibles of approximately $ 10.7 million and network location intangibles of approximately $ 10.4 million .", "the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .", "( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes .", "the goodwill was allocated to the company 2019s international rental and management segment .", "on november 16 , 2012 , the company entered into an agreement to purchase up to 198 additional communications sites from telef f3nica mexico .", "on december 14 , 2012 , the company completed the purchase of 188 communications sites , for an aggregate purchase price of $ 64.2 million ( including value added tax of $ 8.9 million ) . ." ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 75.0 million and network location intangibles of approximately $ 72.7 million .", "the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .", "( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes .", "the goodwill was allocated to the company 2019s international rental and management segment .", "on september 12 , 2012 , the company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from telef f3nica mexico .", "on september 27 , 2012 and december 14 , 2012 , the company completed the purchase of 279 and 2 communications sites , for an aggregate purchase price of $ 63.5 million ( including value added tax of $ 8.8 million ) .", "the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation ." ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 75.0 million and network location intangibles of approximately $ 72.7 million .", "the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years ." ]

[ [ "", "preliminary purchase price allocation" ], [ "current assets", "$ 8763" ], [ "non-current assets", "2332" ], [ "property and equipment", "26711" ], [ "intangible assets ( 1 )", "21079" ], [ "other non-current liabilities", "-1349 ( 1349 )" ], [ "fair value of net assets acquired", "$ 57536" ], [ "goodwill ( 2 )", "5998" ] ]

[ "( a ) see note 14 to the consolidated financial statements in item 8 of this report .", "( b ) see note 7 to the consolidated financial statements in item 8 of this report .", "( c ) see note 3 to the consolidated financial statements in item 8 of this report .", "( d ) see note 4 to the consolidated financial statements in item 8 of this report .", "( e ) impact of hyperinflationary accounting for our argentina subsidiary , which was sold in the third quarter of fiscal 2019 .", "( f ) valuation gains on certain corporate investments .", "( g ) legal recovery related to our yoplait sas subsidiary .", "( h ) the cpw restructuring charges are related to initiatives designed to improve profitability and growth that were approved in fiscal 2018 and 2019 .", "see our reconciliation below of the effective income tax rate as reported to the adjusted effective income tax rate for the tax impact of each item affecting comparability. ." ]

[ "free cash flow conversion rate we believe this measure provides useful information to investors because it is important for assessing our efficiency in converting earnings to cash and returning cash to shareholders .", "the calculation of free cash flow conversion rate and net cash provided by operating activities conversion rate , its equivalent gaap measure , follows: ." ]

[ "in millions the net earnings including earnings attributable to redeemable and noncontrolling interests asreported of fiscal 2019 is $ 1786.2 ;", "in millions the net cash provided by operating activities of fiscal 2019 is $ 2807.0 ;" ]

[ [ "in millions", "fiscal 2019" ], [ "net earnings including earnings attributable to redeemable and noncontrolling interests asreported", "$ 1786.2" ], [ "net tax benefit ( a )", "$ -7.2 ( 7.2 )" ], [ "tax item ( a )", "-72.9 ( 72.9 )" ], [ "mark-to-marketeffects net of tax ( b )", "27.7" ], [ "acquisition integration costs net of tax ( c )", "19.7" ], [ "divestitures loss net of tax ( c )", "16.4" ], [ "restructuring charges net of tax ( d )", "63.0" ], [ "project-related costs net of tax ( d )", "1.1" ], [ "asset impairments net of tax ( d )", "159.7" ], [ "hyperinflationary accounting net of tax ( e )", "3.2" ], [ "investment valuation adjustments net of tax ( f )", "-17.6 ( 17.6 )" ], [ "legal recovery net of tax ( g )", "-10.8 ( 10.8 )" ], [ "cpw restructuring costs net of tax ( h )", "11.1" ], [ "adjusted net earnings including earnings attributable to redeemable and noncontrollinginterests", "$ 1979.6" ], [ "net cash provided by operating activities", "$ 2807.0" ], [ "purchases of land buildings and equipment", "-537.6 ( 537.6 )" ], [ "free cash flow", "$ 2269.4" ], [ "net cash provided by operating activities conversion rate", "157% ( 157 % )" ], [ "free cash flow conversion rate", "115% ( 115 % )" ] ]

[ "1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .", "in such instances , we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable .", "we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2009 .", "as such , these estimated acquisition payments of $ 20.5 have been included within the total payments expected to be made in 2010 in the table and , if not made in 2010 , will continue to carry forward into 2011 or beyond until they are exercised or expire .", "redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities .", "legal matters we are involved in legal and administrative proceedings of various types .", "while any litigation contains an element of uncertainty , we do not believe that the outcome of such proceedings will have a material adverse effect on our financial condition , results of operations or cash flows .", "note 16 : recent accounting standards in december 2009 , the financial accounting standards board ( 201cfasb 201d ) amended authoritative guidance related to accounting for transfers and servicing of financial assets and extinguishments of liabilities .", "the guidance will be effective for the company beginning january 1 , 2010 .", "the guidance eliminates the concept of a qualifying special-purpose entity and changes the criteria for derecognizing financial assets .", "in addition , the guidance will require additional disclosures related to a company 2019s continued involvement with financial assets that have been transferred .", "we do not expect the adoption of this amended guidance to have a significant impact on our consolidated financial statements .", "in december 2009 , the fasb amended authoritative guidance for consolidating variable interest entities .", "the guidance will be effective for the company beginning january 1 , 2010 .", "specifically , the guidance revises factors that should be considered by a reporting entity when determining whether an entity that is insufficiently capitalized or is not controlled through voting ( or similar rights ) should be consolidated .", "this guidance also includes revised financial statement disclosures regarding the reporting entity 2019s involvement , including significant risk exposures as a result of that involvement , and the impact the relationship has on the reporting entity 2019s financial statements .", "we are currently evaluating the potential impact of the amended guidance on our consolidated financial statements. ." ]

[ "notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guarantees of certain obligations of our subsidiaries relating principally to credit facilities , certain media payables and operating leases of certain subsidiaries .", "the amount of such parent company guarantees was $ 769.3 and $ 706.7 as of december 31 , 2009 and 2008 , respectively .", "in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .", "as of december 31 , 2009 , there are no material assets pledged as security for such parent company guarantees .", "contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 , 2009 .", "the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .", "see note 6 for further information relating to the payment structure of our acquisitions .", "all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress. ." ]

[ "the deferred acquisition payments of 2010 is $ 20.5 ; the deferred acquisition payments of 2011 is $ 34.8 ; the deferred acquisition payments of 2012 is $ 1.2 ; the deferred acquisition payments of 2013 is $ 1.1 ; the deferred acquisition payments of 2014 is $ 2.1 ; the deferred acquisition payments of thereafter is $ 0.3 ; the deferred acquisition payments of total is $ 60.0 ;", "all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress. ." ]

[ [ "", "2010", "2011", "2012", "2013", "2014", "thereafter", "total" ], [ "deferred acquisition payments", "$ 20.5", "$ 34.8", "$ 1.2", "$ 1.1", "$ 2.1", "$ 0.3", "$ 60.0" ], [ "redeemable noncontrolling interests and call options with affiliates1", "44.4", "47.9", "40.5", "36.3", "3.3", "2014", "172.4" ], [ "total contingent acquisition payments", "64.9", "82.7", "41.7", "37.4", "5.4", "0.3", "232.4" ], [ "less : cash compensation expense included above", "1.0", "1.0", "1.0", "0.5", "2014", "2014", "3.5" ], [ "total", "$ 63.9", "$ 81.7", "$ 40.7", "$ 36.9", "$ 5.4", "$ 0.3", "$ 228.9" ] ]

[ "( 1 ) shares purchased that were not part of our publicly announced repurchase programs represent employee surrender of shares of restricted stock to satisfy employee income tax withholding obligations due upon vesting , and do not reduce the dollar value that may yet be purchased under our publicly announced repurchase programs .", "( 2 ) the weighted average price paid per share of common stock does not include the cost of commissions. ." ]

[ "issuer purchases of equity securities in january 2017 , our board of directors authorized the repurchase of shares of our common stock with a value of up to $ 525 million in the aggregate .", "as of december 29 , 2018 , $ 175 million remained available under this authorization .", "in february 2019 , our board of directors authorized the additional repurchase of shares of our common stock with a value of up to $ 500.0 million in the aggregate .", "the actual timing and amount of repurchases are subject to business and market conditions , corporate and regulatory requirements , stock price , acquisition opportunities and other factors .", "the following table presents repurchases made under our current authorization and shares surrendered by employees to satisfy income tax withholding obligations during the three months ended december 29 , 2018 : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plan or program maximum dollar value of shares authorized for repurchase under publicly announced plan or program ( 1 ) ( in millions ) september 30 , 2018 2013 november 3 , 2018 543900 $ 42.64 495543 $ 254 november 4 , 2018 2013 december 1 , 2018 650048 $ 44.49 623692 $ 226 december 2 , 2018 2013 december 29 , 2018 1327657 $ 42.61 1203690 $ 175 ." ]

[ "period the december 2 2018 2013 december 29 2018 of total numberof sharespurchased ( 1 ) is 1327657 ; the december 2 2018 2013 december 29 2018 of averageprice paidper share ( 2 ) is $ 42.61 ; the december 2 2018 2013 december 29 2018 of total number ofshares purchasedas part ofpublicly announcedplan or program is 1203690 ; the december 2 2018 2013 december 29 2018 of maximum dollarvalue of sharesauthorized for repurchase underpublicly announcedplan or program ( 1 ) ( in millions ) is $ 175 ;" ]

[ [ "period", "total numberof sharespurchased ( 1 )", "averageprice paidper share ( 2 )", "total number ofshares purchasedas part ofpublicly announcedplan or program", "maximum dollarvalue of sharesauthorized for repurchase underpublicly announcedplan or program ( 1 ) ( in millions )" ], [ "september 30 2018 2013 november 3 2018", "543900", "$ 42.64", "495543", "$ 254" ], [ "november 4 2018 2013 december 1 2018", "650048", "$ 44.49", "623692", "$ 226" ], [ "december 2 2018 2013 december 29 2018", "1327657", "$ 42.61", "1203690", "$ 175" ], [ "total", "2521605", "$ 43.10", "2322925", "" ] ]

[ "defined contribution plans the general mills savings plan is a defined contribution plan that covers salaried and nonunion employees .", "it had net assets of $ 2309.9 million as of may 25 , 2008 and $ 2303.0 million as of may 27 , 2007.this plan is a 401 ( k ) savings plan that includes a number of investment funds and an employee stock ownership plan ( esop ) .", "we sponsor another savings plan for certain hourly employees with net assets of $ 16.0 million as of may 25 , 2008 .", "our total recognized expense related to defined contribution plans was $ 61.9 million in fiscal 2008 , $ 48.3 million in fiscal 2007 , and $ 45.5 million in fiscal 2006 .", "the esop originally purchased our common stock principally with funds borrowed from third parties and guaranteed by us.the esop shares are included in net shares outstanding for the purposes of calculating eps .", "the esop 2019s third-party debt was repaid on june 30 , 2007 .", "the esop 2019s only assets are our common stock and temporary cash balances.the esop 2019s share of the total defined contribution expense was $ 52.3 million in fiscal 2008 , $ 40.1 million in fiscal 2007 , and $ 37.6 million in fiscal 2006 .", "the esop 2019s expensewas calculated by the 201cshares allocated 201dmethod .", "the esop used our common stock to convey benefits to employees and , through increased stock ownership , to further align employee interests with those of stockholders.wematched a percentage of employee contributions to the general mills savings plan with a base match plus a variable year end match that depended on annual results .", "employees received our match in the form of common stock .", "our cash contribution to the esop was calculated so as to pay off enough debt to release sufficient shares to make our match .", "the esop used our cash contributions to the plan , plus the dividends received on the esop 2019s leveraged shares , to make principal and interest payments on the esop 2019s debt .", "as loan payments were made , shares became unencumbered by debt and were committed to be allocated .", "the esop allocated shares to individual employee accounts on the basis of the match of employee payroll savings ( contributions ) , plus reinvested dividends received on previously allocated shares .", "the esop incurred net interest of less than $ 1.0 million in each of fiscal 2007 and 2006 .", "the esop used dividends of $ 2.5 million in fiscal 2007 and $ 3.9 million in 2006 , along with our contributions of less than $ 1.0 million in each of fiscal 2007 and 2006 to make interest and principal payments .", "the number of shares of our common stock allocated to participants in the esop was 5.2 million as of may 25 , 2008 , and 5.4 million as of may 27 , 2007 .", "annual report 2008 81 ." ]

[ "contributions and future benefit payments we expect to make contributions of $ 28.1 million to our defined benefit , other postretirement , and postemployment benefits plans in fiscal 2009 .", "actual 2009 contributions could exceed our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities and future changes in government requirements .", "estimated benefit payments , which reflect expected future service , as appropriate , are expected to be paid from fiscal 2009-2018 as follows : in millions defined benefit pension postretirement benefit plans gross payments medicare subsidy receipts postemployment benefit ......................................................................................................................................................................................... ." ]

[ "it had net assets of $ 2309.9 million as of may 25 , 2008 and $ 2303.0 million as of may 27 , 2007.this plan is a 401 ( k ) savings plan that includes a number of investment funds and an employee stock ownership plan ( esop ) ." ]

[ [ "in millions", "defined benefit pension plans", "other postretirement benefit plans gross payments", "medicare subsidy receipts", "postemployment benefit plans" ], [ "2009", "$ 176.3", "$ 56.0", "$ -6.1 ( 6.1 )", "$ 16.6" ], [ "2010", "182.5", "59.9", "-6.7 ( 6.7 )", "17.5" ], [ "2011", "189.8", "63.3", "-7.3 ( 7.3 )", "18.1" ], [ "2012", "197.5", "67.0", "-8.0 ( 8.0 )", "18.8" ], [ "2013", "206.6", "71.7", "-8.7 ( 8.7 )", "19.4" ], [ "2014 2013 2018", "1187.3", "406.8", "-55.3 ( 55.3 )", "106.3" ] ]

[ "( a ) includes approximately $ 166 million , $ 208 million , $ 213 million , $ 61 million , $ 70 million and $ 526 million of home equity lines of credit with balloon payments with draw periods scheduled to end in 2013 , 2014 , 2015 , 2016 , 2017 and 2018 and thereafter , respectively .", "we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments .", "based upon outstanding balances , and excluding purchased impaired loans , at december 31 , 2012 , for home equity lines of credit for which the borrower can no longer draw ( e.g. , draw period has ended or borrowing privileges have been terminated ) , approximately 3.86% ( 3.86 % ) were 30-89 days past due and approximately 5.96% ( 5.96 % ) were greater than or equal to 90 days past due .", "generally , when a borrower becomes 60 days past due , we terminate borrowing privileges , and those privileges are not subsequently reinstated .", "at that point , we continue our collection/recovery processes , which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr .", "see note 5 asset quality in the notes to consolidated financial statements in item 8 of this report for additional information .", "loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure , where appropriate .", "initially , a borrower is evaluated for a modification under a government program .", "if a borrower does not qualify under a government program , the borrower is then evaluated under a pnc program .", "our programs utilize both temporary and permanent modifications and typically reduce the interest rate , extend the term and/or defer principal .", "temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs .", "further , certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs .", "additional detail on tdrs is discussed below as well as in note 5 asset quality in the notes to consolidated financial statements in item 8 of this report .", "a temporary modification , with a term between three and 60 months , involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date .", "a permanent modification , with a term greater than 60 months , is a modification in which the terms of the original loan are changed .", "permanent modifications primarily include the government-created home affordable modification program ( hamp ) or pnc-developed hamp-like modification programs .", "for consumer loan programs , such as residential mortgages and home equity loans and lines , we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance .", "examples of this situation often include delinquency due to illness or death in the family , or a loss of employment .", "permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount , but our expectation is that payments at lower amounts can be made .", "residential mortgage and home equity loans and lines have been modified with changes in terms for up to 60 months , although the majority involve periods of three to 24 months .", "we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses .", "the following tables provide the number of accounts and unpaid principal balance of modified consumer real estate related loans as well as the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months , nine months , twelve months and fifteen months after the modification date .", "the pnc financial services group , inc .", "2013 form 10-k 91 ." ]

[ "consist of first and second liens , the charge-off amounts for the pool are proportionate to the composition of first and second liens in the pool .", "our experience has been that the ratio of first to second lien loans has been consistent over time and is appropriately represented in our pools used for roll-rate calculations .", "generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20 year amortization term .", "during the draw period , we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest .", "based upon outstanding balances at december 31 , 2012 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end .", "table 39 : home equity lines of credit 2013 draw period end in millions interest product principal interest product ." ]

[ "in millions the total ( a ) of interestonlyproduct is $ 15553 ; the total ( a ) of principalandinterestproduct is $ 7376 ;", "table 39 : home equity lines of credit 2013 draw period end in millions interest product principal interest product ." ]

[ [ "in millions", "interestonlyproduct", "principalandinterestproduct" ], [ "2013", "$ 1338", "$ 221" ], [ "2014", "2048", "475" ], [ "2015", "2024", "654" ], [ "2016", "1571", "504" ], [ "2017", "3075", "697" ], [ "2018 and thereafter", "5497", "4825" ], [ "total ( a )", "$ 15553", "$ 7376" ] ]

[ "( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .", "each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .", "the total value of this deemed claim was approximately $ 1.7 billion .", "( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .", "the debtors recorded an estimated claim associated with the rejection or modification of a financing ." ]

[ "table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison .", "interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 .", "( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations .", "in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes .", "in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs .", "( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 .", "other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness .", "the foreign currency losses were driven primarily by the strengthening of the u.s .", "dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real .", "other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million .", "reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases .", "the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : ." ]

[ "the labor-related deemed claim ( 1 ) of 2013 is $ 1733 ;", "the total reorganization items net of 2013 is $ 2655 ;" ]

[ [ "", "2013" ], [ "labor-related deemed claim ( 1 )", "$ 1733" ], [ "aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )", "325" ], [ "fair value of conversion discount ( 4 )", "218" ], [ "professional fees", "199" ], [ "other", "180" ], [ "total reorganization items net", "$ 2655" ] ]

[ "the volume/weather variance is primarily due to decreased usage during the unbilled sales period .", "see \"critical accounting estimates\" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues .", "the reserve equalization variance is primarily due to lower reserve equalization revenue related to changes in the entergy system generation mix compared to the same period in 2007 .", "the securitization transition charge variance is primarily due to the issuance of securitization bonds .", "in june 2007 , entergy gulf states reconstruction funding i , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds .", "see note 5 to the financial statements for additional information regarding the securitization bonds .", "the fuel recovery variance is primarily due to a reserve for potential rate refunds made in the first quarter 2007 as a result of a puct ruling related to the application of past puct rulings addressing transition to competition in texas .", "the other variance is primarily caused by various operational effects of the jurisdictional separation on revenues and fuel and purchased power expenses .", "gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased $ 229.3 million primarily due to the following reasons : an increase of $ 157 million in fuel cost recovery revenues due to higher fuel rates and increased usage , partially offset by interim fuel refunds to customers for fuel cost recovery over-collections through november 2007 .", "the refund was distributed over a two-month period beginning february 2008 .", "the interim refund and the puct approval is discussed in note 2 to the financial statements ; an increase of $ 37.1 million in affiliated wholesale revenue primarily due to increases in the cost of energy ; an increase in transition charge amounts collected from customers to service the securitization bonds as discussed above .", "see note 5 to the financial statements for additional information regarding the securitization bonds ; and implementation of an interim surcharge to collect $ 10.3 million in under-recovered incremental purchased capacity costs incurred through july 2007 .", "the surcharge was collected over a two-month period beginning february 2008 .", "the incremental capacity recovery rider and puct approval is discussed in note 2 to the financial statements. ." ]

[ "entergy texas , inc .", "management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .", "following is an analysis of the change in net revenue comparing 2008 to 2007 .", "amount ( in millions ) ." ]

[ "management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .", "the securitization transition charge variance is primarily due to the issuance of securitization bonds .", "the 2008 net revenue of amount ( in millions ) is $ 440.9 ;", "the 2007 net revenue of amount ( in millions ) is $ 442.3 ;" ]

[ [ "", "amount ( in millions )" ], [ "2007 net revenue", "$ 442.3" ], [ "volume/weather", "-4.6 ( 4.6 )" ], [ "reserve equalization", "-3.3 ( 3.3 )" ], [ "securitization transition charge", "9.1" ], [ "fuel recovery", "7.5" ], [ "other", "-10.1 ( 10.1 )" ], [ "2008 net revenue", "$ 440.9" ] ]

[ "1 .", "includes net revenues of $ 325 million for 2014 , $ 329 million for 2013 and $ 362 million for 2012 related to metro international trade services llc .", "we completed the sale of this consolidated investment in december 2014 .", "2014 versus 2013 .", "net revenues in investing & lending were $ 6.83 billion for 2014 , 3% ( 3 % ) lower than 2013 .", "net gains from investments in equity securities were slightly lower due to a significant decrease in net gains from investments in public equities , as movements in global equity prices during 2014 were less favorable compared with 2013 , partially offset by an increase in net gains from investments in private equities , primarily driven by company-specific events .", "net revenues from debt securities and loans were higher than 2013 , reflecting a significant increase in net interest income , primarily driven by increased lending , and a slight increase in net gains , primarily due to sales of certain investments during 2014 .", "other net revenues , related to our consolidated investments , were significantly lower compared with 2013 , reflecting a decrease in operating revenues from commodities-related consolidated investments .", "during 2014 , net revenues in investing & lending generally reflected favorable company-specific events , including initial public offerings and financings , and strong corporate performance , as well as net gains from sales of certain investments .", "however , concerns about the outlook for the global economy and uncertainty over the impact of financial regulatory reform continue to be meaningful considerations for the global marketplace .", "if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted .", "operating expenses were $ 2.82 billion for 2014 , 5% ( 5 % ) higher than 2013 , reflecting higher compensation and benefits expenses , partially offset by lower expenses related to consolidated investments .", "pre-tax earnings were $ 4.01 billion in 2014 , 8% ( 8 % ) lower than 2013 .", "2013 versus 2012 .", "net revenues in investing & lending were $ 7.02 billion for 2013 , 19% ( 19 % ) higher than 2012 , reflecting a significant increase in net gains from investments in equity securities , driven by company-specific events and stronger corporate performance , as well as significantly higher global equity prices .", "in addition , net gains and net interest income from debt securities and loans were slightly higher , while other net revenues , related to our consolidated investments , were lower compared with 2012 .", "during 2013 , net revenues in investing & lending generally reflected favorable company-specific events and strong corporate performance , as well as the impact of significantly higher global equity prices and tighter corporate credit spreads .", "operating expenses were $ 2.69 billion for 2013 , essentially unchanged compared with 2012 .", "operating expenses during 2013 included lower impairment charges and lower operating expenses related to consolidated investments , partially offset by increased compensation and benefits expenses due to higher net revenues compared with 2012 .", "pre-tax earnings were $ 4.33 billion in 2013 , 34% ( 34 % ) higher than 2012 .", "goldman sachs 2014 annual report 45 ." ]

[ "management 2019s discussion and analysis investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients .", "these investments and loans are typically longer-term in nature .", "we make investments , some of which are consolidated , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , and real estate entities .", "the table below presents the operating results of our investing & lending segment. ." ]

[ "$ in millions the debt securities and loans of year ended december 2014 is 2165 ; the debt securities and loans of year ended december 2013 is 1947 ; the debt securities and loans of year ended december 2012 is 1850 ;", "$ in millions the total net revenues of year ended december 2014 is 6825 ; the total net revenues of year ended december 2013 is 7018 ; the total net revenues of year ended december 2012 is 5891 ;" ]

[ [ "$ in millions", "year ended december 2014", "year ended december 2013", "year ended december 2012" ], [ "equity securities", "$ 3813", "$ 3930", "$ 2800" ], [ "debt securities and loans", "2165", "1947", "1850" ], [ "other1", "847", "1141", "1241" ], [ "total net revenues", "6825", "7018", "5891" ], [ "operating expenses", "2819", "2686", "2668" ], [ "pre-tax earnings", "$ 4006", "$ 4332", "$ 3223" ] ]

[ "( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .", "each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .", "the total value of this deemed claim was approximately $ 1.7 billion .", "( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .", "the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify ." ]

[ "table of contents interest expense , net of capitalized interest decreased $ 129 million , or 18.1% ( 18.1 % ) , in 2014 from the 2013 period primarily due to a $ 63 million decrease in special charges recognized period-over-period as further described below , as well as refinancing activities that resulted in $ 65 million less interest expense recognized in 2014 .", "in 2014 , american recognized $ 29 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations .", "in 2013 , american recognized $ 48 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes .", "in addition , in 2013 american recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs .", "as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , american recognized $ 65 million less interest expense in 2014 as compared to the 2013 period .", "other nonoperating expense , net of $ 153 million in 2014 consisted principally of net foreign currency losses of $ 92 million and early debt extinguishment charges of $ 48 million .", "other nonoperating expense , net of $ 84 million in 2013 consisted principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 29 million .", "other nonoperating expense , net increased $ 69 million , or 81.0% ( 81.0 % ) , during 2014 primarily due to special charges recognized as a result of early debt extinguishment and an increase in foreign currency losses driven by the strengthening of the u.s .", "dollar in foreign currency transactions , principally in latin american markets .", "american recorded a $ 43 million special charge for venezuelan foreign currency losses in 2014 .", "see part ii , item 7a .", "quantitative and qualitative disclosures about market risk for further discussion of our cash held in venezuelan bolivars .", "in addition , american 2019s nonoperating special items included $ 48 million in special charges in the 2014 primarily related to the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes and other indebtedness .", "reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases .", "the following table summarizes the components included in reorganization items , net on american 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : ." ]

[ "the labor-related deemed claim ( 1 ) of 2013 is $ 1733 ;", "the total reorganization items net of 2013 is $ 2640 ;" ]

[ [ "", "2013" ], [ "labor-related deemed claim ( 1 )", "$ 1733" ], [ "aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )", "320" ], [ "fair value of conversion discount ( 4 )", "218" ], [ "professional fees", "199" ], [ "other", "170" ], [ "total reorganization items net", "$ 2640" ] ]

[ "( 1 ) cash premiums related to the 201cif converted 201d value of the 2007 convertible notes that exceed aggregate principal balance using the closing stock price of $ 17.96 on september 30 , 2011 .", "the actual amount of the cash premium will be calculated based on the 20 day average stock price prior to maturity .", "a $ 1.00 change in our stock price would change the 201cif converted 201d value of the cash premium of the total aggregate principle amount of the remaining convertible notes by approximately $ 2.8 million .", "( 2 ) other commitments consist of contractual license and royalty payments , and other purchase obligations .", "( 3 ) contingent consideration related to business combinations is recorded at fair value and actual results could differ .", "( 4 ) other long-term liabilities includes our gross unrecognized tax benefits , as well as executive deferred compensation which are both classified as beyond five years due to the uncertain nature of the commitment .", "( 5 ) amounts do not include potential cash payments for the pending acquisition of aati .", "critical accounting estimates the discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements , which have been prepared in accordance with gaap .", "the preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities .", "the sec has defined critical accounting policies as those that are both most important to the portrayal of our financial condition and results and which require our most difficult , complex or subjective judgments or estimates .", "based on this definition , we believe our critical accounting policies include the policies of revenue recognition , allowance for doubtful accounts , inventory valuation , business combinations , valuation of long-lived assets , share-based compensation , income taxes , goodwill and intangibles , and loss contingencies .", "on an ongoing basis , we evaluate the judgments and estimates underlying all of our accounting policies .", "these estimates and the underlying assumptions affect the amounts of assets and liabilities reported , disclosures , and reported amounts of revenues and expenses .", "these estimates and assumptions are based on our best judgments .", "we evaluate our estimates and assumptions using historical experience and other factors , including the current economic environment , which we believe to be reasonable under the circumstances .", "we adjust such estimates and assumptions when facts and circumstances dictate .", "as future events and their effects cannot be determined with precision , actual results could differ significantly from these estimates .", "page 80 skyworks / annual report 2011 ." ]

[ "contractual cash flows following is a summary of our contractual payment obligations related to our consolidated debt , contingent consideration , operating leases , other commitments and long-term liabilities at september 30 , 2011 ( see notes 9 and 13 to the consolidated financial statements contained this annual report ) , ( in thousands ) : ." ]

[ "obligation the operating lease obligations of payments due by period total is 37788 ; the operating lease obligations of payments due by period less than 1year is 8247 ; the operating lease obligations of payments due by period 1-3 years is 13819 ; the operating lease obligations of payments due by period 3-5 years is 9780 ; the operating lease obligations of payments due by period thereafter is 5942 ;", "obligation the total ( 5 ) of payments due by period total is $ 186792 ; the total ( 5 ) of payments due by period less than 1year is $ 122963 ; the total ( 5 ) of payments due by period 1-3 years is $ 17360 ; the total ( 5 ) of payments due by period 3-5 years is $ 9926 ; the total ( 5 ) of payments due by period thereafter is $ 36543 ;" ]

[ [ "obligation", "payments due by period total", "payments due by period less than 1year", "payments due by period 1-3 years", "payments due by period 3-5 years", "payments due by period thereafter" ], [ "short-term debt obligations", "$ 26677", "$ 26677", "$ 2014", "$ 2014", "$ 2014" ], [ "cash premium on convertible notes due march 2012 ( 1 )", "23558", "23558", "2014", "2014", "2014" ], [ "other commitments ( 2 )", "5170", "3398", "1772", "2014", "2014" ], [ "operating lease obligations", "37788", "8247", "13819", "9780", "5942" ], [ "contingent consideration for business combinations ( 3 )", "59400", "58400", "1000", "2014", "2014" ], [ "other long-term liabilities ( 4 )", "34199", "2683", "769", "146", "30601" ], [ "total ( 5 )", "$ 186792", "$ 122963", "$ 17360", "$ 9926", "$ 36543" ] ]

[ "( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments .", "we have excluded $ 205.2 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations .", "see fffdnote 13 .", "debt fffd fffd of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments .", "( 2 ) see fffdnote 14 .", "operating leases fffd of the notes to consolidated financial statements for additional information .", "( 3 ) the fair value step-up of $ 18.5 million is excluded .", "see fffdnote 13 .", "debt fffd fffd capital lease and other indebtednesstt fffd of the notes to consolidated financial statements for additional information .", "( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction .", "purchase obligations exclude agreements that are cancelable without penalty .", "( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans .", "our estimates are based on factors , such as discount rates and expected returns on plan assets .", "future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation .", "it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts .", "we have excluded $ 247.8 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2018 due to lack of definite payout terms for certain of the obligations .", "see fffdnote 4 .", "retirement plans fffd multiemployer plans fffd of the notes to consolidated financial statements for additional information .", "( 6 ) we have not included the following items in the table : fffd an item labeled fffdother long-term liabilities fffd reflected on our consolidated balance sheet because these liabilities do not have a definite pay-out scheme .", "fffd $ 158.4 million from the line item fffdpurchase obligations and other fffd for certain provisions of the financial accounting standards board fffds ( fffdfasb fffd ) accounting standards codification ( fffdasc fffd ) 740 , fffdincome taxes fffd associated with liabilities for uncertain tax positions due to the uncertainty as to the amount and timing of payment , if any .", "in addition to the enforceable and legally binding obligations presented in the table above , we have other obligations for goods and services and raw materials entered into in the normal course of business .", "these contracts , however , are subject to change based on our business decisions .", "expenditures for environmental compliance see item 1 .", "fffdbusiness fffd fffd governmental regulation fffd environmental and other matters fffd , fffdbusiness fffd fffd governmental regulation fffd cercla and other remediation costs fffd , and fffd fffdbusiness fffd fffd governmental regulation fffd climate change fffd for a discussion of our expenditures for environmental compliance. ." ]

[ "contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2018 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table .", "certain amounts in this table are based on management fffds estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans .", "because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. ." ]

[ "( in millions ) the long-term debt including current portionexcluding capital lease obligations ( 1 ) of payments due by period total is $ 6039.0 ; the long-term debt including current portionexcluding capital lease obligations ( 1 ) of payments due by period fiscal 2019 is $ 726.6 ; the long-term debt including current portionexcluding capital lease obligations ( 1 ) of payments due by period fiscal 2020and 2021 is $ 824.8 ; the long-term debt including current portionexcluding capital lease obligations ( 1 ) of payments due by period fiscal 2022and 2023 is $ 1351.0 ; the long-term debt including current portionexcluding capital lease obligations ( 1 ) of payments due by period thereafter is $ 3136.6 ;" ]

[ [ "( in millions )", "payments due by period total", "payments due by period fiscal 2019", "payments due by period fiscal 2020and 2021", "payments due by period fiscal 2022and 2023", "payments due by period thereafter" ], [ "long-term debt including current portionexcluding capital lease obligations ( 1 )", "$ 6039.0", "$ 726.6", "$ 824.8", "$ 1351.0", "$ 3136.6" ], [ "operating lease obligations ( 2 )", "615.8", "132.1", "199.9", "118.4", "165.4" ], [ "capital lease obligations ( 3 )", "152.5", "5.0", "6.7", "2.7", "138.1" ], [ "purchase obligations and other ( 4 ) ( 5 ) ( 6 )", "2210.5", "1676.6", "224.1", "114.9", "194.9" ], [ "total", "$ 9017.8", "$ 2540.3", "$ 1255.5", "$ 1587.0", "$ 3635.0" ] ]

[ "we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs .", "we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products .", "item 3 .", "legal proceedings .", "we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business .", "while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations .", "item 4 .", "mine safety disclosures .", "not applicable. ." ]

[ "while we have remediated the previously-identified material weakness in our internal control over financial reporting , we may identify other material weaknesses in the future .", "in november 2017 , we restated our consolidated financial statements for the quarters ended april 1 , 2017 and july 1 , 2017 in order to correctly classify cash receipts from the payments on sold receivables ( which are cash receipts on the underlying trade receivables that have already been securitized ) to cash provided by investing activities ( from cash provided by operating activities ) within our condensed consolidated statements of cash flows .", "in connection with these restatements , management identified a material weakness in our internal control over financial reporting related to the misapplication of accounting standards update 2016-15 .", "specifically , we did not maintain effective controls over the adoption of new accounting standards , including communication with the appropriate individuals in coming to our conclusions on the application of new accounting standards .", "as a result of this material weakness , our management concluded that we did not maintain effective internal control over financial reporting as of april 1 , 2017 and july 1 , 2017 .", "while we have remediated the material weakness and our management has determined that our disclosure controls and procedures were effective as of december 30 , 2017 , there can be no assurance that our controls will remain adequate .", "the effectiveness of our internal control over financial reporting is subject to various inherent limitations , including judgments used in decision-making , the nature and complexity of the transactions we undertake , assumptions about the likelihood of future events , the soundness of our systems , cost limitations , and other limitations .", "if other material weaknesses or significant deficiencies in our internal control are discovered or occur in the future or we otherwise must restate our financial statements , it could materially and adversely affect our business and results of operations or financial condition , restrict our ability to access the capital markets , require us to expend significant resources to correct the weaknesses or deficiencies , subject us to fines , penalties , investigations or judgments , harm our reputation , or otherwise cause a decline in investor confidence .", "item 1b .", "unresolved staff comments .", "item 2 .", "properties .", "our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .", "our co-headquarters are leased and house certain executive offices , our u.s .", "business units , and our administrative , finance , legal , and human resource functions .", "we maintain additional owned and leased offices throughout the regions in which we operate .", "we manufacture our products in our network of manufacturing and processing facilities located throughout the world .", "as of december 30 , 2017 , we operated 83 manufacturing and processing facilities .", "we own 80 and lease three of these facilities .", "our manufacturing and processing facilities count by segment as of december 30 , 2017 was: ." ]

[ "the united states of owned is 41 ; the united states of leased is 1 ;", "the rest of world of owned is 26 ; the rest of world of leased is 2 ;", "item 2 .", "our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .", "as of december 30 , 2017 , we operated 83 manufacturing and processing facilities ." ]

[ [ "", "owned", "leased" ], [ "united states", "41", "1" ], [ "canada", "2", "2014" ], [ "europe", "11", "2014" ], [ "rest of world", "26", "2" ] ]

[ "in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment .", "in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income .", "proceeds received and gains recognized for each investment are included in the \"available-for-sale investments\" and \"equity method investments\" sections that follow .", "table of contents intel corporation notes to consolidated financial statements ( continued ) ." ]

[ "the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve .", "as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable .", "our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures .", "the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 .", "the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 .", "the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 .", "we agreed to make payments to nvidia over six years .", "as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable .", "the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates .", "note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 ." ]

[ "note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 .", "in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income ." ]

[ [ "( in millions )", "dec 282013", "dec 292012" ], [ "available-for-sale investments", "$ 18086", "$ 14001" ], [ "cash", "854", "593" ], [ "equity method investments", "1038", "992" ], [ "loans receivable", "1072", "979" ], [ "non-marketable cost method investments", "1270", "1202" ], [ "reverse repurchase agreements", "800", "2850" ], [ "trading assets", "8441", "5685" ], [ "total cash and investments", "$ 31561", "$ 26302" ] ]

[ "." ]

[ "management 2019s discussion and analysis 144 jpmorgan chase & co./2010 annual report compared with $ 57 million for 2009 .", "decreases in cio and mort- gage banking var for 2010 were again driven by the decline in market volatility and position changes .", "the decline in mortgage banking var at december 31 , 2010 , reflects management 2019s deci- sion to reduce risk given market volatility at the time .", "the firm 2019s average ib and other var diversification benefit was $ 59 million or 37% ( 37 % ) of the sum for 2010 , compared with $ 82 million or 28% ( 28 % ) of the sum for 2009 .", "the firm experienced an increase in the diversification benefit in 2010 as positions changed and correla- tions decreased .", "in general , over the course of the year , var expo- sure can vary significantly as positions change , market volatility fluctuates and diversification benefits change .", "var back-testing the firm conducts daily back-testing of var against its market risk- related revenue , which is defined as the change in value of : princi- pal transactions revenue for ib and cio ( less private equity gains/losses and revenue from longer-term cio investments ) ; trading-related net interest income for ib , cio and mortgage bank- ing ; ib brokerage commissions , underwriting fees or other revenue ; revenue from syndicated lending facilities that the firm intends to distribute ; and mortgage fees and related income for the firm 2019s mortgage pipeline and warehouse loans , msrs , and all related hedges .", "daily firmwide market risk 2013related revenue excludes gains and losses from dva .", "the following histogram illustrates the daily market risk 2013related gains and losses for ib , cio and mortgage banking positions for 2010 .", "the chart shows that the firm posted market risk 2013related gains on 248 out of 261 days in this period , with 12 days exceeding $ 210 million .", "the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence-level var ex- ceeded the actual loss on each of those days .", "during 2010 , losses were sustained on 13 days , none of which exceeded the var measure .", "daily ib and other market risk-related gains and losses ( 95% ( 95 % ) confidence-level var ) year ended december 31 , 2010 average daily revenue : $ 87 million $ in millions $ in millions daily ib and other var less market risk-related losses the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads .", "this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve .", "as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized .", "debit valuation adjustment sensitivity 1 basis point increase in december 31 , ( in millions ) jpmorgan chase 2019s credit spread ." ]

[ "the chart shows that the firm posted market risk 2013related gains on 248 out of 261 days in this period , with 12 days exceeding $ 210 million ." ]

[ [ "december 31 ( in millions )", "1 basis point increase in jpmorgan chase 2019s credit spread" ], [ "2010", "$ 35" ], [ "2009", "$ 39" ] ]

[ "issuer purchases of equity securities repurchases of 3m common stock are made to support the company 2019s stock-based employee compensation plans and for other corporate purposes .", "in february 2014 , 3m 2019s board of directors authorized the repurchase of up to $ 12 billion of 3m 2019s outstanding common stock , with no pre-established end date .", "in february 2016 , 3m 2019s board of directors replaced the company 2019s february 2014 repurchase program with a new repurchase program .", "this new program authorizes the repurchase of up to $ 10 billion of 3m 2019s outstanding common stock , with no pre-established end date. ." ]

[ "part ii item 5 .", "market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .", "equity compensation plans 2019 information is incorporated by reference from part iii , item 12 , 201csecurity ownership of certain beneficial owners and management and related stockholder matters , 201d of this document , and should be considered an integral part of item 5 .", "at january 31 , 2016 , there were 84607 shareholders of record .", "3m 2019s stock is listed on the new york stock exchange , inc .", "( nyse ) , the chicago stock exchange , inc. , and the swx swiss exchange .", "cash dividends declared and paid totaled $ 1.025 per share for each of the second , third , and fourth quarters of 2015 .", "cash dividends declared in the fourth quarter of 2014 included a dividend paid in november 2014 of $ 0.855 per share and a dividend paid in march 2015 of $ 1.025 per share .", "cash dividends declared and paid totaled $ 0.855 per share for each of the second and third quarters of 2014 .", "cash dividends declared in the fourth quarter of 2013 include a dividend paid in march 2014 of $ 0.855 per share .", "stock price comparisons follow : stock price comparisons ( nyse composite transactions ) ." ]

[ "in february 2014 , 3m 2019s board of directors authorized the repurchase of up to $ 12 billion of 3m 2019s outstanding common stock , with no pre-established end date .", "this new program authorizes the repurchase of up to $ 10 billion of 3m 2019s outstanding common stock , with no pre-established end date. ." ]

[ [ "( per share amounts )", "first quarter", "second quarter", "third quarter", "fourth quarter", "total" ], [ "2015 high", "$ 170.50", "$ 167.70", "$ 157.94", "$ 160.09", "$ 170.50" ], [ "2015 low", "157.74", "153.92", "134.00", "138.57", "134.00" ], [ "2014 high", "$ 139.29", "$ 145.53", "$ 147.87", "$ 168.16", "$ 168.16" ], [ "2014 low", "123.61", "132.02", "138.43", "130.60", "123.61" ] ]

[ "additional collateral or termination payments for a one-notch downgrade 1072 911 additional collateral or termination payments for a two-notch downgrade 2815 2989 credit derivatives the firm enters into a broad array of credit derivatives in locations around the world to facilitate client transactions and to manage the credit risk associated with market- making and investing and lending activities .", "credit derivatives are actively managed based on the firm 2019s net risk position .", "credit derivatives are individually negotiated contracts and can have various settlement and payment conventions .", "credit events include failure to pay , bankruptcy , acceleration of indebtedness , restructuring , repudiation and dissolution of the reference entity .", "credit default swaps .", "single-name credit default swaps protect the buyer against the loss of principal on one or more bonds , loans or mortgages ( reference obligations ) in the event the issuer ( reference entity ) of the reference obligations suffers a credit event .", "the buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract .", "if there is no credit event , as defined in the contract , the seller of protection makes no payments to the buyer of protection .", "however , if a credit event occurs , the seller of protection is required to make a payment to the buyer of protection , which is calculated in accordance with the terms of the contract .", "credit indices , baskets and tranches .", "credit derivatives may reference a basket of single-name credit default swaps or a broad-based index .", "if a credit event occurs in one of the underlying reference obligations , the protection seller pays the protection buyer .", "the payment is typically a pro-rata portion of the transaction 2019s total notional amount based on the underlying defaulted reference obligation .", "in certain transactions , the credit risk of a basket or index is separated into various portions ( tranches ) , each having different levels of subordination .", "the most junior tranches cover initial defaults and once losses exceed the notional amount of these junior tranches , any excess loss is covered by the next most senior tranche in the capital structure .", "total return swaps .", "a total return swap transfers the risks relating to economic performance of a reference obligation from the protection buyer to the protection seller .", "typically , the protection buyer receives from the protection seller a floating rate of interest and protection against any reduction in fair value of the reference obligation , and in return the protection seller receives the cash flows associated with the reference obligation , plus any increase in the fair value of the reference obligation .", "132 goldman sachs 2014 annual report ." ]

[ "notes to consolidated financial statements derivatives with credit-related contingent features certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require the firm to post collateral or terminate the transactions based on changes in the firm 2019s credit ratings .", "the firm assesses the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies .", "a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies .", "the table below presents the aggregate fair value of net derivative liabilities under such agreements ( excluding application of collateral posted to reduce these liabilities ) , the related aggregate fair value of the assets posted as collateral , and the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in the firm 2019s credit ratings. ." ]

[ "$ in millions the net derivative liabilities under bilateral agreements of as of december 2014 is $ 35764 ; the net derivative liabilities under bilateral agreements of as of december 2013 is $ 22176 ;" ]

[ [ "$ in millions", "as of december 2014", "as of december 2013" ], [ "net derivative liabilities under bilateral agreements", "$ 35764", "$ 22176" ], [ "collateral posted", "30824", "18178" ], [ "additional collateral or termination payments for a one-notch downgrade", "1072", "911" ], [ "additional collateral or termination payments for a two-notch downgrade", "2815", "2989" ] ]

[ "note 10 jpmorgan chase pledges certain financial instruments it owns to collateralize repurchase agreements and other securities financ- ings .", "pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheet .", "at december 31 , 2003 , the firm had received securities as col- lateral that can be repledged , delivered or otherwise used with a fair value of approximately $ 210 billion .", "this collateral was gen- erally obtained under resale or securities-borrowing agreements .", "of these securities , approximately $ 197 billion was repledged , delivered or otherwise used , generally as collateral under repur- chase agreements , securities-lending agreements or to cover short sales .", "notes to consolidated financial statements j.p .", "morgan chase & co .", "loans are reported at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees .", "loans held for sale are carried at the lower of aggregate cost or fair value .", "loans are classified as 201ctrading 201d for secondary market trading activities where positions are bought and sold to make profits from short-term movements in price .", "loans held for trading purposes are included in trading assets and are carried at fair value , with the gains and losses included in trading revenue .", "interest income is recognized using the interest method , or on a basis approximating a level rate of return over the term of the loan .", "nonaccrual loans are those on which the accrual of interest is discontinued .", "loans ( other than certain consumer loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of principal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover prin- cipal and interest .", "interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income .", "in addition , the amortization of net deferred loan fees is suspended .", "interest income on nonaccrual loans is recognized only to the extent it is received in cash .", "however , where there is doubt regarding the ultimate collectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of the loan .", "loans are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured .", "consumer loans are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accor- dance with the federal financial institutions examination council ( 201cffiec 201d ) policy .", "for example , credit card loans are charged off at the earlier of 180 days past due or within 60 days from receiving notification of the filing of bankruptcy .", "residential mortgage products are generally charged off to net realizable value at 180 days past due .", "other consumer products are gener- ally charged off ( to net realizable value if collateralized ) at 120 days past due .", "accrued interest on residential mortgage products , automobile financings and certain other consumer loans are accounted for in accordance with the nonaccrual loan policy note 11 ." ]

[ "notes to consolidated financial statements j.p .", "morgan chase & co .", "98 j.p .", "morgan chase & co .", "/ 2003 annual report securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions and settle other securities obligations .", "the firm also enters into these transactions to accommodate customers 2019 needs .", "securities purchased under resale agreements ( 201cresale agreements 201d ) and securities sold under repurchase agreements ( 201crepurchase agreements 201d ) are generally treated as collateralized financing transactions and are carried on the consolidated bal- ance sheet at the amounts the securities will be subsequently sold or repurchased , plus accrued interest .", "where appropriate , resale and repurchase agreements with the same counterparty are reported on a net basis in accordance with fin 41 .", "jpmorgan chase takes possession of securities purchased under resale agreements .", "on a daily basis , jpmorgan chase monitors the market value of the underlying collateral received from its counterparties , consisting primarily of u.s .", "and non-u.s .", "govern- ment and agency securities , and requests additional collateral from its counterparties when necessary .", "similar transactions that do not meet the sfas 140 definition of a repurchase agreement are accounted for as 201cbuys 201d and 201csells 201d rather than financing transactions .", "these transactions are accounted for as a purchase ( sale ) of the underlying securities with a forward obligation to sell ( purchase ) the securities .", "the forward purchase ( sale ) obligation , a derivative , is recorded on the consolidated balance sheet at its fair value , with changes in fair value recorded in trading revenue .", "notional amounts of these transactions accounted for as purchases under sfas 140 were $ 15 billion and $ 8 billion at december 31 , 2003 and 2002 , respectively .", "notional amounts of these transactions accounted for as sales under sfas 140 were $ 8 billion and $ 13 billion at december 31 , 2003 and 2002 , respectively .", "based on the short-term duration of these contracts , the unrealized gain or loss is insignificant .", "securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received .", "securities bor- rowed consist primarily of government and equity securities .", "jpmorgan chase monitors the market value of the securities borrowed and lent on a daily basis and calls for additional col- lateral when appropriate .", "fees received or paid are recorded in interest income or interest expense. ." ]

[ "notional amounts of these transactions accounted for as purchases under sfas 140 were $ 15 billion and $ 8 billion at december 31 , 2003 and 2002 , respectively .", "notional amounts of these transactions accounted for as sales under sfas 140 were $ 8 billion and $ 13 billion at december 31 , 2003 and 2002 , respectively ." ]

[ [ "december 31 ( in millions )", "2003", "2002" ], [ "securities purchased under resale agreements", "$ 62801", "$ 57645" ], [ "securities borrowed", "41834", "34143" ], [ "securities sold under repurchase agreements", "$ 105409", "$ 161394" ], [ "securities loaned", "2461", "1661" ] ]

[ "( 1 ) excludes commercial space located at our multifamily apartment communities , which totals approximately 615000 square feet of gross leasable space .", "our business is conducted principally through the operating partnership .", "maa is the sole general partner of the operating partnership , holding 113844267 op units , comprising a 96.5% ( 96.5 % ) partnership interest in the operating partnership as of december 31 , 2018 .", "maa and maalp were formed in tennessee in 1993 .", "as of december 31 , 2018 , we had 2508 full- time employees and 44 part-time employees. ." ]

[ "2022 level and volatility of interest or capitalization rates or capital market conditions ; 2022 loss of hedge accounting treatment for interest rate swaps ; 2022 the continuation of the good credit of our interest rate swap providers ; 2022 price volatility , dislocations and liquidity disruptions in the financial markets and the resulting impact on financing ; 2022 the effect of any rating agency actions on the cost and availability of new debt financing ; 2022 significant decline in market value of real estate serving as collateral for mortgage obligations ; 2022 significant change in the mortgage financing market that would cause single-family housing , either as an owned or rental product , to become a more significant competitive product ; 2022 our ability to continue to satisfy complex rules in order to maintain our status as a reit for federal income tax purposes , the ability of the operating partnership to satisfy the rules to maintain its status as a partnership for federal income tax purposes , the ability of our taxable reit subsidiaries to maintain their status as such for federal income tax purposes , and our ability and the ability of our subsidiaries to operate effectively within the limitations imposed by these rules ; 2022 inability to attract and retain qualified personnel ; 2022 cyber liability or potential liability for breaches of our privacy or information security systems ; 2022 potential liability for environmental contamination ; 2022 adverse legislative or regulatory tax changes ; 2022 legal proceedings relating to various issues , which , among other things , could result in a class action lawsuit ; 2022 compliance costs associated with laws requiring access for disabled persons ; and 2022 other risks identified in this annual report on form 10-k including under the caption \"item 1a .", "risk factors\" and , from time to time , in other reports we file with the securities and exchange commission , or the sec , or in other documents that we publicly disseminate .", "new factors may also emerge from time to time that could have a material adverse effect on our business .", "except as required by law , we undertake no obligation to publicly update or revise forward-looking statements contained in this annual report on form 10-k to reflect events , circumstances or changes in expectations after the date on which this annual report on form 10-k is filed .", "item 1 .", "business .", "overview maa is a multifamily focused , self-administered and self-managed real estate investment trust , or reit .", "we own , operate , acquire and selectively develop apartment communities located in the southeast , southwest and mid-atlantic regions of the united states .", "as of december 31 , 2018 , we maintained full or partial ownership of apartment communities and commercial properties across 17 states and the district of columbia , summarized as follows: ." ]

[ "multifamily the consolidated of communities is 303 ; the consolidated of units is 100595 ;", "multifamily the total of communities is 304 ; the total of units is 100864 ;" ]

[ [ "multifamily", "communities", "units" ], [ "consolidated", "303", "100595" ], [ "unconsolidated", "1", "269" ], [ "total", "304", "100864" ], [ "commercial", "properties", "sq . ft. ( 1 )" ], [ "consolidated", "4", "260000" ] ]

[ "we expect approximately 30% ( 30 % ) of the $ 23 billion total backlog as of december 31 , 2018 , to be converted into sales in 2019 .", "u.s .", "government orders comprised substantially all of the backlog as of december 31 , 2018 and 2017 .", "awards 2018 - the value of new contract awards during the year ended december 31 , 2018 , was approximately $ 9.8 billion .", "significant new awards during the period included contracts for the construction of three arleigh burke class ( ddg 51 ) destroyers , for the detail design and construction of richard m .", "mccool jr .", "( lpd 29 ) , for procurement of long-lead-time material for enterprise ( cvn 80 ) , and for the construction of nsc 10 ( unnamed ) and nsc 11 ( unnamed ) .", "in addition , we received awards in 2019 valued at $ 15.2 billion for detail design and construction of the gerald r .", "ford class ( cvn 78 ) aircraft carriers enterprise ( cvn 80 ) and cvn 81 ( unnamed ) .", "2017 - the value of new contract awards during the year ended december 31 , 2017 , was approximately $ 8.1 billion .", "significant new awards during this period included the detailed design and construction contract for bougainville ( lha 8 ) and the execution contract for the rcoh of uss george washington ( cvn 73 ) . ." ]

[ "december 2016 acquisition of camber and higher volumes in fleet support and oil and gas services , partially offset by lower nuclear and environmental volumes due to the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract .", "segment operating income 2018 - operating income in the technical solutions segment for the year ended december 31 , 2018 , was $ 32 million , compared to operating income of $ 21 million in 2017 .", "the increase was primarily due to an allowance for accounts receivable in 2017 on a nuclear and environmental commercial contract and higher income from operating investments at our nuclear and environmental joint ventures , partially offset by one time employee bonus payments in 2018 related to the tax act and lower performance in fleet support services .", "2017 - operating income in the technical solutions segment for the year ended december 31 , 2017 , was $ 21 million , compared to operating income of $ 8 million in 2016 .", "the increase was primarily due to improved performance in oil and gas services and higher volume in mdis services following the december 2016 acquisition of camber , partially offset by the establishment of an allowance for accounts receivable on a nuclear and environmental commercial contract in 2017 and the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract .", "backlog total backlog as of december 31 , 2018 , was approximately $ 23 billion .", "total backlog includes both funded backlog ( firm orders for which funding is contractually obligated by the customer ) and unfunded backlog ( firm orders for which funding is not currently contractually obligated by the customer ) .", "backlog excludes unexercised contract options and unfunded idiq orders .", "for contracts having no stated contract values , backlog includes only the amounts committed by the customer .", "the following table presents funded and unfunded backlog by segment as of december 31 , 2018 and 2017: ." ]

[ "( $ in millions ) the ingalls of december 31 2018 funded is $ 9943 ; the ingalls of december 31 2018 unfunded is $ 1422 ; the ingalls of december 31 2018 total backlog is $ 11365 ; the ingalls of december 31 2018 funded is $ 5920 ; the ingalls of december 31 2018 unfunded is $ 2071 ; the ingalls of total backlog is $ 7991 ;", "( $ in millions ) the total backlog of december 31 2018 funded is $ 17049 ; the total backlog of december 31 2018 unfunded is $ 5946 ; the total backlog of december 31 2018 total backlog is $ 22995 ; the total backlog of december 31 2018 funded is $ 13374 ; the total backlog of december 31 2018 unfunded is $ 7993 ; the total backlog of total backlog is $ 21367 ;" ]

[ [ "( $ in millions )", "december 31 2018 funded", "december 31 2018 unfunded", "december 31 2018 total backlog", "december 31 2018 funded", "december 31 2018 unfunded", "total backlog" ], [ "ingalls", "$ 9943", "$ 1422", "$ 11365", "$ 5920", "$ 2071", "$ 7991" ], [ "newport news", "6767", "4144", "10911", "6976", "5608", "12584" ], [ "technical solutions", "339", "380", "719", "478", "314", "792" ], [ "total backlog", "$ 17049", "$ 5946", "$ 22995", "$ 13374", "$ 7993", "$ 21367" ] ]

[ "the conduits meet the definition of a vie , as defined by fin 46 ( r ) .", "we have determined that we are not the primary beneficiary of the conduits , as defined by fin 46 ( r ) , and do not record them in our consolidated financial statements .", "we hold no direct or indirect ownership interest in the conduits , but we provide subordinated financial support to them through contractual arrangements .", "standby letters of credit absorb certain actual credit losses from the conduit assets ; our commitment under these letters of credit totaled $ 1.00 billion and $ 1.04 billion at december 31 , 2008 and 2007 , respectively .", "liquidity asset purchase agreements provide liquidity to the conduits in the event they cannot place commercial paper in the ordinary course of their business ; these facilities , which require us to purchase assets from the conduits at par , would provide the needed liquidity to repay maturing commercial paper if there was a disruption in the asset-backed commercial paper market .", "the aggregate commitment under the liquidity asset purchase agreements was approximately $ 23.59 billion and $ 28.37 billion at december 31 , 2008 and 2007 , respectively .", "we did not accrue for any losses associated with either our commitment under the standby letters of credit or the liquidity asset purchase agreements in our consolidated statement of condition at december 31 , 2008 or 2007 .", "during the first quarter of 2008 , pursuant to the contractual terms of our liquidity asset purchase agreements with the conduits , we were required to purchase $ 850 million of conduit assets .", "the purchase was the result of various factors , including the continued illiquidity in the commercial paper markets .", "the securities were purchased at prices determined in accordance with existing contractual terms in the liquidity asset purchase agreements , and which exceeded their fair value .", "accordingly , during the first quarter of 2008 , the securities were written down to their fair value through a $ 12 million reduction of processing fees and other revenue in our consolidated statement of income , and are carried at fair value in securities available for sale in our consolidated statement of condition .", "none of our liquidity asset purchase agreements with the conduits were drawn upon during the remainder of 2008 , and no draw-downs on the standby letters of credit occurred during 2008 .", "the conduits generally sell commercial paper to independent third-party investors .", "however , we sometimes purchase commercial paper from the conduits .", "as of december 31 , 2008 , we held an aggregate of approximately $ 230 million of commercial paper issued by the conduits , and $ 2 million at december 31 , 2007 .", "in addition , approximately $ 5.70 billion of u.s .", "conduit-issued commercial paper had been sold to the cpff .", "the cpff is scheduled to expire on october 31 , 2009 .", "the weighted-average maturity of the conduits 2019 commercial paper in the aggregate was approximately 25 days as of december 31 , 2008 , compared to approximately 20 days as of december 31 , 2007 .", "each of the conduits has issued first-loss notes to independent third parties , which third parties absorb first- dollar losses related to credit risk .", "aggregate first-loss notes outstanding at december 31 , 2008 for the four conduits totaled $ 67 million , compared to $ 32 million at december 31 , 2007 .", "actual credit losses of the conduits ." ]

[ "conduit assets by asset origin ." ]

[ "the aggregate commitment under the liquidity asset purchase agreements was approximately $ 23.59 billion and $ 28.37 billion at december 31 , 2008 and 2007 , respectively ." ]

[ [ "( dollars in billions )", "2008 amount", "2008 percent of total conduit assets", "2008 amount", "percent of total conduit assets" ], [ "united states", "$ 11.09", "46% ( 46 % )", "$ 12.14", "42% ( 42 % )" ], [ "australia", "4.30", "17", "6.10", "21" ], [ "great britain", "1.97", "8", "2.93", "10" ], [ "spain", "1.71", "7", "1.90", "7" ], [ "italy", "1.66", "7", "1.86", "7" ], [ "portugal", "0.62", "3", "0.70", "2" ], [ "germany", "0.57", "3", "0.70", "2" ], [ "netherlands", "0.40", "2", "0.55", "2" ], [ "belgium", "0.29", "1", "0.31", "1" ], [ "greece", "0.27", "1", "0.31", "1" ], [ "other", "1.01", "5", "1.26", "5" ], [ "total conduit assets", "$ 23.89", "100% ( 100 % )", "$ 28.76", "100% ( 100 % )" ] ]

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

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

[ "the operating profit margins as adjusted of 2017 is 15.3% ( 15.3 % ) ; the operating profit margins as adjusted of 2016 is 14.6% ( 14.6 % ) ; the operating profit margins as adjusted of 2015 is 13.0% ( 13.0 % ) ;" ]

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

[ "due to the form of these transactions , the company has not recorded the bonds or the lease obligation associated with the sale lease-back transaction .", "the original cost of the company 2019s property and equipment is recorded on the balance sheet and is being depreciated over its estimated useful life .", "capitalized software costs the company capitalizes certain costs related to the acquisition and development of software and amortizes these costs using the straight-line method over the estimated useful life of the software , which is three to five years .", "computer software consists of software developed for internal use and third-party software purchased for internal use .", "a subsequent addition , modification or upgrade to internal-use software is capitalized to the extent that it enhances the software 2019s functionality or extends its useful life .", "these costs are included in computer software and hardware in the accompanying consolidated balance sheets .", "certain software costs not meeting the criteria for capitalization are expensed as incurred .", "store closing costs the company regularly evaluates the performance of its stores and periodically closes those that are under-performing .", "the company records a liability for costs associated with an exit or disposal activity when the liability is incurred , usually in the period the store closes .", "store closing costs were not significant to the results of operations for any of the fiscal years presented .", "leases assets under capital leases are amortized in accordance with the company 2019s normal depreciation policy for owned assets or over the lease term , if shorter , and the related charge to operations is included in depreciation expense in the consolidated statements of income .", "certain operating leases include rent increases during the lease term .", "for these leases , the company recognizes the related rental expense on a straight-line basis over the term of the lease ( which includes the pre-opening period of construction , renovation , fixturing and merchandise placement ) and records the difference between the expense charged to operations and amounts paid as a deferred rent liability .", "the company occasionally receives reimbursements from landlords to be used towards improving the related store to be leased .", "leasehold improvements are recorded at their gross costs , including items reimbursed by landlords .", "related reimbursements are deferred and amortized on a straight-line basis as a reduction of rent expense over the applicable lease term .", "note 2 - share-based compensation : share-based compensation includes stock option and restricted stock unit awards and certain transactions under the company 2019s espp .", "share-based compensation expense is recognized based on the grant date fair value of all stock option and restricted stock unit awards plus a discount on shares purchased by employees as a part of the espp .", "the discount under the espp represents the difference between the purchase date market value and the employee 2019s purchase price. ." ]

[ "the company entered into agreements with various governmental entities in the states of kentucky , georgia and tennessee to implement tax abatement plans related to its distribution center in franklin , kentucky ( simpson county ) , its distribution center in macon , georgia ( bibb county ) , and its store support center in brentwood , tennessee ( williamson county ) .", "the tax abatement plans provide for reduction of real property taxes for specified time frames by legally transferring title to its real property in exchange for industrial revenue bonds .", "this property was then leased back to the company .", "no cash was exchanged .", "the lease payments are equal to the amount of the payments on the bonds .", "the tax abatement period extends through the term of the lease , which coincides with the maturity date of the bonds .", "at any time , the company has the option to purchase the real property by paying off the bonds , plus $ 1 .", "the terms and amounts authorized and drawn under each industrial revenue bond agreement are outlined as follows , as of december 30 , 2017 : bond term bond authorized amount ( in millions ) amount drawn ( in millions ) ." ]

[ "the franklin kentucky distribution center of bond term is 30 years ; the franklin kentucky distribution center of bond authorized amount ( in millions ) is $ 54.0 ; the franklin kentucky distribution center of amount drawn ( in millions ) is $ 51.8 ;", "the macon georgia distribution center of bond term is 15 years ; the macon georgia distribution center of bond authorized amount ( in millions ) is $ 58.0 ; the macon georgia distribution center of amount drawn ( in millions ) is $ 49.9 ;", "the brentwood tennessee store support center of bond term is 10 years ; the brentwood tennessee store support center of bond authorized amount ( in millions ) is $ 78.0 ; the brentwood tennessee store support center of amount drawn ( in millions ) is $ 75.3 ;", "the tax abatement plans provide for reduction of real property taxes for specified time frames by legally transferring title to its real property in exchange for industrial revenue bonds .", "the tax abatement period extends through the term of the lease , which coincides with the maturity date of the bonds ." ]

[ [ "", "bond term", "bond authorized amount ( in millions )", "amount drawn ( in millions )" ], [ "franklin kentucky distribution center", "30 years", "$ 54.0", "$ 51.8" ], [ "macon georgia distribution center", "15 years", "$ 58.0", "$ 49.9" ], [ "brentwood tennessee store support center", "10 years", "$ 78.0", "$ 75.3" ] ]

[ "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 ." ]

[ "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: ." ]

[ "( in millions ) the effect of dilutive securities of years ended december 31 , 2013 is 2.1 ; the effect of dilutive securities of years ended december 31 , 2012 is 0.7 ; the effect of dilutive securities of years ended december 31 , 2011 is 0.1 ;", "the following is a reconciliation of basic shares to diluted shares: ." ]

[ [ "( 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" ] ]

[ "." ]

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

[ "the total trade receivables of 2016 is 1680 ; the total trade receivables of 2015 is 1747 ;" ]

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

[ "employees as of december 31 , 2016 , we had more than 9400 employees .", "environmental regulation we have a dedicated environmental program that is designed to reduce the utilization and generation of hazardous materials during the manufacturing process as well as to remediate identified environmental concerns .", "as to the latter , we are currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities .", "the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes .", "we are sometimes a party to environmental lawsuits and claims and have received notices of potential violations of environmental laws and regulations from the u.s .", "environmental protection agency ( the \"epa\" ) and similar state authorities .", "we have also been identified as a potentially responsible party ( \"prp\" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites .", "for all such sites , there are other prps and , in most instances , our involvement is minimal .", "in estimating our liability , we have assumed that we will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable .", "the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis .", "additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future .", "we incurred $ 23.3 million , $ 4.4 million , and $ 2.9 million of expenses during the years ended december 31 , 2016 , 2015 , and 2014 , respectively , for environmental remediation at sites presently or formerly owned or leased by us .", "as of december 31 , 2016 and 2015 , we have recorded reserves for environmental matters of $ 30.6 million and $ 15.2 million .", "of these amounts $ 9.6 million and $ 2.8 million , respectively , relate to remediation of sites previously disposed by us .", "given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain .", "available information we are required to file annual , quarterly , and current reports , proxy statements , and other documents with the u.s .", "securities and exchange commission ( \"sec\" ) .", "the public may read and copy any materials filed with the sec at the sec 2019s public reference room at 100 f street , n.e. , washington , d.c .", "20549 .", "the public may obtain information on the operation of the public reference room by calling the sec at 1-800-sec-0330 .", "also , the sec maintains an internet website that contains reports , proxy and information statements , and other information regarding issuers that file electronically with the sec .", "the public can obtain any documents that are filed by us at http://www.sec.gov .", "in addition , this annual report on form 10-k , as well as future quarterly reports on form 10-q , current reports on form 8-k and any amendments to all of the foregoing reports , are made available free of charge on our internet website ( http://www.allegion.com ) as soon as reasonably practicable after such reports are electronically filed with or furnished to the sec .", "the contents of our website are not incorporated by reference in this report. ." ]

[ "seasonality our business experiences seasonality that varies by product line .", "because more construction and do-it-yourself projects occur during the second and third calendar quarters of each year in the northern hemisphere , our security product sales , typically , are higher in those quarters than in the first and fourth calendar quarters .", "however , our interflex business typically experiences higher sales in the fourth calendar quarter due to project timing .", "revenue by quarter for the years ended december 31 , 2016 , 2015 and 2014 are as follows: ." ]

[ "the 2016 of first quarter is 22% ( 22 % ) ; the 2016 of second quarter is 26% ( 26 % ) ; the 2016 of third quarter is 26% ( 26 % ) ; the 2016 of fourth quarter is 26% ( 26 % ) ;" ]

[ [ "", "first quarter", "second quarter", "third quarter", "fourth quarter" ], [ "2016", "22% ( 22 % )", "26% ( 26 % )", "26% ( 26 % )", "26% ( 26 % )" ], [ "2015", "22% ( 22 % )", "25% ( 25 % )", "26% ( 26 % )", "27% ( 27 % )" ], [ "2014", "22% ( 22 % )", "25% ( 25 % )", "26% ( 26 % )", "27% ( 27 % )" ] ]

[ "( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest .", "interest payments for variable rate debt were calculated using the interest rates as of december 31 , 2016 .", "repayment of our $ 250.0 million variable rate term note , which has a contractual maturity date in january 2019 , is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion .", "( 2 ) our unsecured line of credit has a contractual maturity date in january 2019 , but is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion .", "interest payments for our unsecured line of credit were calculated using the most recent stated interest rate that was in effect.ff ( 3 ) our share of unconsolidated joint venture debt includes both principal and interest .", "interest expense for variable rate debt was calculated using the interest rate at december 31 , 2016 .", "( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects .", "related party y transactionstt we provide property and asset management , leasing , construction and other tenant-related services to ww unconsolidated companies in which we have equity interests .", "for the years ended december 31 , 2016 , 2015 and 2014 we earned management fees of $ 4.5 million , $ 6.8 million and $ 8.5 million , leasing fees of $ 2.4 million , $ 3.0 million and $ 3.4 million and construction and development fees of $ 8.0 million , $ 6.1 million and $ 5.8 million , respectively , from these companies , prior to elimination of our ownership percentage .", "yy we recorded these fees based ww on contractual terms that approximate market rates for these types of services and have eliminated our ownership percentages of these fees in the consolidated financial statements .", "commitments and contingenciesg the partnership has guaranteed the repayment of $ 32.9 million of economic development bonds issued by various municipalities in connection with certain commercial developments .", "we will be required to make payments under ww our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond ff debt service .", "management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees .", "the partnership also has guaranteed the repayment of an unsecured loan of one of our unconsolidated subsidiaries .", "at december 31 , 2016 , the maximum guarantee exposure for this loan was approximately $ 52.1 million .", "we lease certain land positions with terms extending toww march 2114 , with a total future payment obligation of $ 311.1 million .", "the payments on these ground leases , which are classified as operating leases , are not material in any individual year .", "in addition to ground leases , we are party to other operating leases as part of conducting our business , including leases of office space from third parties , with a total future payment obligation of ff $ 43.4 million at december 31 , 2016 .", "no future payments on these leases are material in any individual year .", "we are subject to various legal proceedings and claims that arise in the ordinary course of business .", "in the opinion ww of management , the amount of any ultimate liability with respect to these actions is not expected to materially affect ff our consolidated financial statements or results of operations .", "we own certain parcels of land that are subject to special property tax assessments levied by quasi municipalww entities .", "to the extent that such special assessments are fixed and determinable , the discounted value of the fulltt ." ]

[ "." ]

[ "for the years ended december 31 , 2016 , 2015 and 2014 we earned management fees of $ 4.5 million , $ 6.8 million and $ 8.5 million , leasing fees of $ 2.4 million , $ 3.0 million and $ 3.4 million and construction and development fees of $ 8.0 million , $ 6.1 million and $ 5.8 million , respectively , from these companies , prior to elimination of our ownership percentage ." ]

[ [ "contractual obligations", "payments due by period ( in thousands ) total", "payments due by period ( in thousands ) 2017", "payments due by period ( in thousands ) 2018", "payments due by period ( in thousands ) 2019", "payments due by period ( in thousands ) 2020", "payments due by period ( in thousands ) 2021", "payments due by period ( in thousands ) thereafter" ], [ "long-term debt ( 1 )", "$ 3508789", "$ 203244", "$ 409257", "$ 366456", "$ 461309", "$ 329339", "$ 1739184" ], [ "line of credit ( 2 )", "56127", "2650", "2650", "2650", "48177", "2014", "2014" ], [ "share of unconsolidated joint ventures' debt ( 3 )", "91235", "2444", "28466", "5737", "11598", "1236", "41754" ], [ "ground leases", "311120", "10745", "5721", "5758", "5793", "5822", "277281" ], [ "development and construction backlog costs ( 4 )", "344700", "331553", "13147", "2014", "2014", "2014", "2014" ], [ "other", "43357", "7502", "7342", "5801", "4326", "3906", "14480" ], [ "total contractual obligations", "$ 4355328", "$ 558138", "$ 466583", "$ 386402", "$ 531203", "$ 340303", "$ 2072699" ] ]

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

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

[ "( in millions ) the defined benefit plan income of 2016 is 2.9 ; the defined benefit plan income of 2015 is 6.1 ;", "( in millions ) the defined benefit plan recognition of actuarial losses of 2016 is -1.9 ( 1.9 ) ; the defined benefit plan recognition of actuarial losses of 2015 is -2.5 ( 2.5 ) ;" ]

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

[ "." ]

[ "measurement point december 31 the priceline group nasdaq composite index s&p 500 rdg internet composite ." ]

[ "measurement pointdecember 31 the 2014 of the priceline group inc . is 285.37 ; the 2014 of nasdaqcomposite index is 188.78 ; the 2014 of s&p 500index is 178.29 ; the 2014 of rdg internetcomposite is 195.42 ;", "measurement pointdecember 31 the 2015 of the priceline group inc . is 319.10 ; the 2015 of nasdaqcomposite index is 199.95 ; the 2015 of s&p 500index is 180.75 ; the 2015 of rdg internetcomposite is 267.25 ;" ]

[ [ "measurement pointdecember 31", "the priceline group inc .", "nasdaqcomposite index", "s&p 500index", "rdg internetcomposite" ], [ "2010", "100.00", "100.00", "100.00", "100.00" ], [ "2011", "117.06", "100.53", "102.11", "102.11" ], [ "2012", "155.27", "116.92", "118.45", "122.23" ], [ "2013", "290.93", "166.19", "156.82", "199.42" ], [ "2014", "285.37", "188.78", "178.29", "195.42" ], [ "2015", "319.10", "199.95", "180.75", "267.25" ] ]

[ "." ]

[ "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 and the s&p financial 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 , 2007 at the closing price on the last trading day of 2007 , and also assumes reinvestment of common stock dividends .", "the s&p financial index is a publicly available measure of 80 of the standard & poor's 500 companies , representing 26 diversified financial services companies , 22 insurance companies , 17 real estate companies and 15 banking companies .", "comparison of five-year cumulative total shareholder return ." ]

[ "the state street corporation of 2007 is $ 100 ; the state street corporation of 2008 is $ 49 ; the state street corporation of 2009 is $ 55 ; the state street corporation of 2010 is $ 58 ; the state street corporation of 2011 is $ 52 ; the state street corporation of 2012 is $ 61 ;", "the s&p 500 index of 2007 is 100 ; the s&p 500 index of 2008 is 63 ; the s&p 500 index of 2009 is 80 ; the s&p 500 index of 2010 is 92 ; the s&p 500 index of 2011 is 94 ; the s&p 500 index of 2012 is 109 ;", "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 and the s&p financial index over a five-year period ." ]

[ [ "", "2007", "2008", "2009", "2010", "2011", "2012" ], [ "state street corporation", "$ 100", "$ 49", "$ 55", "$ 58", "$ 52", "$ 61" ], [ "s&p 500 index", "100", "63", "80", "92", "94", "109" ], [ "s&p financial index", "100", "45", "52", "59", "49", "63" ] ]

[ "( 1 ) additional reserves are case specific reserves established by the company in excess of those reported by the ceding company , based on the company 2019s assessment of the covered loss .", "( some amounts may not reconcile due to rounding. ) additional losses , including those relating to latent injuries and other exposures , which are as yet unrecognized , the type or magnitude of which cannot be foreseen by either the company or the industry , may emerge in the future .", "such future emergence could have material adverse effects on the company 2019s future financial condition , results of operations and cash flows. ." ]

[ "the company endeavors to actively engage with every insured account posing significant potential asbestos exposure to mt .", "mckinley .", "such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements .", "sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments .", "the company 2019s mt .", "mckinley operation is currently managing four sip agreements , one of which was executed prior to the acquisition of mt .", "mckinley in 2000 .", "the company 2019s preference with respect to coverage settlements is to execute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty .", "the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active .", "those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity .", "the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders .", "everest re 2019s book of assumed a&e reinsurance is relatively concentrated within a limited number of contracts and for a limited period , from 1974 to 1984 .", "because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities .", "the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies .", "this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies .", "as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention .", "however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers .", "this furnished information is not always timely or accurate and can impact the accuracy and timeliness of the company 2019s ultimate loss projections .", "the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the periods indicated: ." ]

[ "( dollars in millions ) the net reserves of years ended december 31 , 2012 is $ 425.7 ; the net reserves of years ended december 31 , 2011 is $ 480.2 ; the net reserves of years ended december 31 , 2010 is $ 532.9 ;" ]

[ [ "( dollars in millions )", "years ended december 31 , 2012", "years ended december 31 , 2011", "years ended december 31 , 2010" ], [ "case reserves reported by ceding companies", "$ 138.4", "$ 145.6", "$ 135.4" ], [ "additional case reserves established by the company ( assumed reinsurance ) ( 1 )", "90.6", "102.9", "116.1" ], [ "case reserves established by the company ( direct insurance )", "36.7", "40.6", "38.9" ], [ "incurred but not reported reserves", "177.1", "210.9", "264.4" ], [ "gross reserves", "442.8", "499.9", "554.8" ], [ "reinsurance receivable", "-17.1 ( 17.1 )", "-19.8 ( 19.8 )", "-21.9 ( 21.9 )" ], [ "net reserves", "$ 425.7", "$ 480.2", "$ 532.9" ] ]

[ "." ]

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

[ "the total trade receivables net of 2016 is $ 1639 ; the total trade receivables net of 2015 is $ 1731 ;" ]

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

[ "[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. ." ]

[ "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] ." ]

[ "period the total of total number ofsharespurchased[a] is 7751987 ; the total of averageprice paidpershare is $ 113.77 ; the total of total number of sharespurchased as part of apublicly announcedplan or program [b] is 7736400 ; the total of maximum number ofshares that may yetbe purchased under the planor program [b] is n/a ;", "purchases of equity securities 2013 during 2014 , we repurchased 33035204 shares of our common stock at an average price of $ 100.24 ." ]

[ [ "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" ] ]

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

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

[ "the balance at end of year of 2016 is $ 1679116 ; the balance at end of year of 2015 is $ 1636526 ;" ]

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

[ "( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments .", "we have excluded $ 163.5 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations .", "see 201cnote 13 .", "debt 201d of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments .", "( 2 ) see 201cnote 15 .", "operating leases 201d of the notes to consolidated financial statements for additional information .", "( 3 ) the fair value step-up of $ 16.9 million is excluded .", "see 201cnote 13 .", "debt 2014 capital lease and other indebtedness 201d of the notes to consolidated financial statements for additional information .", "( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction .", "purchase obligations exclude agreements that are cancelable without penalty .", "( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans .", "our estimates are based on factors , such as discount rates and expected returns on plan assets .", "future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation .", "it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts .", "we have excluded $ 237.2 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2019 , including our estimate of the accumulated funding deficiency , due to lack of ." ]

[ "factors , including the market price of our common stock , general economic and market conditions and applicable legal requirements .", "the repurchase program may be commenced , suspended or discontinued at any time .", "in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .", "in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .", "as of september 30 , 2019 , we had approximately 19.1 million shares of common stock available for repurchase under the program .", "we anticipate that we will be able to fund our capital expenditures , interest payments , dividends and stock repurchases , pension payments , working capital needs , note repurchases , restructuring activities , repayments of current portion of long-term debt and other corporate actions for the foreseeable future from cash generated from operations , borrowings under our credit facilities , proceeds from our a/r sales agreement , proceeds from the issuance of debt or equity securities or other additional long-term debt financing , including new or amended facilities .", "in addition , we continually review our capital structure and conditions in the private and public debt markets in order to optimize our mix of indebtedness .", "in connection with these reviews , we may seek to refinance existing indebtedness to extend maturities , reduce borrowing costs or otherwise improve the terms and composition of our indebtedness .", "contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2019 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table .", "certain amounts in this table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans .", "because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. ." ]

[ "( in millions ) the operating lease obligations ( 2 ) of payments due by period total is 930.4 ; the operating lease obligations ( 2 ) of payments due by period fiscal 2020 is 214.3 ; the operating lease obligations ( 2 ) of payments due by period fiscal 2021and 2022 is 316.4 ; the operating lease obligations ( 2 ) of payments due by period fiscal 2023and 2024 is 193.6 ; the operating lease obligations ( 2 ) of payments due by period thereafter is 206.1 ;" ]

[ [ "( in millions )", "payments due by period total", "payments due by period fiscal 2020", "payments due by period fiscal 2021and 2022", "payments due by period fiscal 2023and 2024", "payments due by period thereafter" ], [ "long-term debt including current portionexcluding capital lease obligations ( 1 )", "$ 9714.1", "$ 550.8", "$ 939.8", "$ 2494.3", "$ 5729.2" ], [ "operating lease obligations ( 2 )", "930.4", "214.3", "316.4", "193.6", "206.1" ], [ "capital lease obligations ( 3 )", "168.9", "6.4", "8.7", "2.9", "150.9" ], [ "purchase obligations and other ( 4 ) ( 5 ) ( 6 )", "2293.5", "1607.0", "292.5", "206.7", "187.3" ], [ "total", "$ 13106.9", "$ 2378.5", "$ 1557.4", "$ 2897.5", "$ 6273.5" ] ]

[ "14 .", "investigations , claims , and litigation the company is involved in legal proceedings before various courts and administrative agencies , and is periodically subject to government examinations , inquiries and investigations .", "pursuant to fasb accounting standard codification 450 contingencies , the company has accrued for losses associated with investigations , claims and litigation when , and to the extent that , loss amounts related to the investigations , claims and litigation are probable and can be reasonably estimated .", "the actual losses that might be incurred to resolve such investigations , claims and litigation may be higher or lower than the amounts accrued .", "for matters where a material loss is probable or reasonably possible and the amount of loss cannot be reasonably estimated , but the company is able to reasonably estimate a range of possible losses , such estimated range is required to be disclosed in these notes .", "this estimated range would be based on information currently available to the company and would involve elements of judgment and significant uncertainties .", "this estimated range of possible loss would not represent the company 2019s maximum possible loss exposure .", "for matters as to which the company is not able to reasonably estimate a possible loss or range of loss , the company is required to indicate the reasons why it is unable to estimate the possible loss or range of loss .", "for matters not specifically described in these notes , the company does not believe , based on information currently available to it , that it is reasonably possible that the liabilities , if any , arising from ." ]

[ "performance of the company 2019s obligations under the senior notes , including any repurchase obligations resulting from a change of control , is unconditionally guaranteed , jointly and severally , on an unsecured basis , by each of hii 2019s existing and future domestic restricted subsidiaries that guarantees debt under the credit facility ( the 201csubsidiary guarantors 201d ) .", "the guarantees rank equally with all other unsecured and unsubordinated indebtedness of the guarantors .", "the subsidiary guarantors are each directly or indirectly 100% ( 100 % ) owned by hii .", "there are no significant restrictions on the ability of hii or any subsidiary guarantor to obtain funds from their respective subsidiaries by dividend or loan .", "mississippi economic development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 83.7 million outstanding from the issuance of industrial revenue bonds issued by the mississippi business finance corporation .", "these bonds accrue interest at a fixed rate of 7.81% ( 7.81 % ) per annum ( payable semi-annually ) and mature in 2024 .", "while repayment of principal and interest is guaranteed by northrop grumman systems corporation , hii has agreed to indemnify northrop grumman systems corporation for any losses related to the guaranty .", "in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi .", "gulf opportunity zone industrial development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 21.6 million outstanding from the issuance of gulf opportunity zone industrial development revenue bonds ( 201cgo zone irbs 201d ) issued by the mississippi business finance corporation .", "the go zone irbs were initially issued in a principal amount of $ 200 million , and in november 2010 , in connection with the anticipated spin-off , hii purchased $ 178 million of the bonds using the proceeds from a $ 178 million intercompany loan from northrop grumman .", "see note 20 : related party transactions and former parent company equity .", "the remaining bonds accrue interest at a fixed rate of 4.55% ( 4.55 % ) per annum ( payable semi-annually ) , and mature in 2028 .", "in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi .", "the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 , 2011 and 2010 , was $ 1864 million and $ 128 million , respectively .", "the fair value of the total long-term debt was calculated based on recent trades for most of the company 2019s debt instruments or based on interest rates prevailing on debt with substantially similar risks , terms and maturities .", "the aggregate amounts of principal payments due on long-term debt for each of the next five years and thereafter are : ( $ in millions ) ." ]

[ "mississippi economic development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 83.7 million outstanding from the issuance of industrial revenue bonds issued by the mississippi business finance corporation .", "these bonds accrue interest at a fixed rate of 7.81% ( 7.81 % ) per annum ( payable semi-annually ) and mature in 2024 ." ]

[ [ "2012", "$ 29" ], [ "2013", "50" ], [ "2014", "79" ], [ "2015", "108" ], [ "2016", "288" ], [ "thereafter", "1305" ], [ "total long-term debt", "$ 1859" ] ]

[ "( a ) includes consolidated and nonconsolidated asset-backed commercial paper conduits for a consistent presentation of 2003 results .", "the revenue reported in the table above represents primarily servicing fee income .", "the firm also has exposure to certain vie vehicles arising from derivative transactions with vies ; these transactions are recorded at fair value on the firm 2019s consolidated balance sheet with changes in fair value ( i.e. , mark-to-market gains and losses ) recorded in trading revenue .", "such mtm gains and losses are not included in the revenue amounts reported in the table above .", "for a further discussion of spes and the firm 2019s accounting for spes , see note 1 on pages 86 201387 , note 13 on pages 100 2013103 , and note 14 on pages 103 2013106 of this annual report .", "contractual cash obligations in the normal course of business , the firm enters into various con- tractual obligations that may require future cash payments .", "contractual obligations at december 31 , 2003 , include long-term debt , trust preferred capital securities , operating leases , contractual purchases and capital expenditures and certain other liabilities .", "for a further discussion regarding long-term debt and trust preferred capital securities , see note 18 on pages 109 2013111 of this annual report .", "for a further discussion regarding operating leases , see note 27 on page 115 of this annual report .", "the accompanying table summarizes jpmorgan chase 2019s off 2013 balance sheet lending-related financial instruments and signifi- cant contractual cash obligations , by remaining maturity , at december 31 , 2003 .", "contractual purchases include commit- ments for future cash expenditures , primarily for services and contracts involving certain forward purchases of securities and commodities .", "capital expenditures primarily represent future cash payments for real estate 2013related obligations and equip- ment .", "contractual purchases and capital expenditures at december 31 , 2003 , reflect the minimum contractual obligation under legally enforceable contracts with contract terms that are both fixed and determinable .", "excluded from the following table are a number of obligations to be settled in cash , primarily in under one year .", "these obligations are reflected on the firm 2019s consolidated balance sheet and include deposits ; federal funds purchased and securities sold under repurchase agreements ; other borrowed funds ; purchases of debt and equity instruments that settle within standard market timeframes ( e.g .", "regular-way ) ; derivative payables that do not require physical delivery of the underlying instrument ; and certain purchases of instruments that resulted in settlement failures. ." ]

[ "j.p .", "morgan chase & co .", "/ 2003 annual report 49 off 2013balance sheet arrangements and contractual cash obligations special-purpose entities special-purpose entities ( 201cspes 201d ) , special-purpose vehicles ( 201cspvs 201d ) , or variable-interest entities ( 201cvies 201d ) , are an important part of the financial markets , providing market liquidity by facili- tating investors 2019 access to specific portfolios of assets and risks .", "spes are not operating entities ; typically they are established for a single , discrete purpose , have a limited life and have no employees .", "the basic spe structure involves a company selling assets to the spe .", "the spe funds the asset purchase by selling securities to investors .", "to insulate investors from creditors of other entities , including the seller of the assets , spes are often structured to be bankruptcy-remote .", "spes are critical to the functioning of many investor markets , including , for example , the market for mortgage-backed securities , other asset-backed securities and commercial paper .", "jpmorgan chase is involved with spes in three broad categories of transactions : loan securi- tizations ( through 201cqualifying 201d spes ) , multi-seller conduits , and client intermediation .", "capital is held , as appropriate , against all spe-related transactions and related exposures such as deriva- tive transactions and lending-related commitments .", "the firm has no commitments to issue its own stock to support any spe transaction , and its policies require that transactions with spes be conducted at arm 2019s length and reflect market pric- ing .", "consistent with this policy , no jpmorgan chase employee is permitted to invest in spes with which the firm is involved where such investment would violate the firm 2019s worldwide rules of conduct .", "these rules prohibit employees from self- dealing and prohibit employees from acting on behalf of the firm in transactions with which they or their family have any significant financial interest .", "for certain liquidity commitments to spes , the firm could be required to provide funding if the credit rating of jpmorgan chase bank were downgraded below specific levels , primarily p-1 , a-1 and f1 for moody 2019s , standard & poor 2019s and fitch , respectively .", "the amount of these liquidity commitments was $ 34.0 billion at december 31 , 2003 .", "if jpmorgan chase bank were required to provide funding under these commitments , the firm could be replaced as liquidity provider .", "additionally , with respect to the multi-seller conduits and structured commercial loan vehicles for which jpmorgan chase bank has extended liq- uidity commitments , the bank could facilitate the sale or refi- nancing of the assets in the spe in order to provide liquidity .", "of these liquidity commitments to spes , $ 27.7 billion is included in the firm 2019s total other unfunded commitments to extend credit included in the table on the following page .", "as a result of the consolidation of multi-seller conduits in accordance with fin 46 , $ 6.3 billion of these commitments are excluded from the table , as the underlying assets of the spe have been included on the firm 2019s consolidated balance sheet .", "the following table summarizes certain revenue information related to vies with which the firm has significant involvement , and qualifying spes: ." ]

[ "year ended december 31 2003 ( in millions ) the revenue of year ended december 31 2003 vies is $ 79 ; the revenue of year ended december 31 2003 ( a ) is ; the revenue of year ended december 31 2003 spes is $ 979 ; the revenue of total is $ 1058 ;" ]

[ [ "year ended december 31 2003 ( in millions )", "year ended december 31 2003 vies", "year ended december 31 2003 ( a )", "year ended december 31 2003 spes", "total" ], [ "revenue", "$ 79", "", "$ 979", "$ 1058" ] ]

[ "economic-value stress testing along with var , stress testing is important in measuring and controlling risk .", "while var reflects the risk of loss due to adverse changes in markets using recent historical market behavior as an indicator of losses , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets .", "the firm runs weekly stress tests on market-related risks across the lines of business using multiple scenarios that assume significant changes in risk factors such as credit spreads , equity prices , interest rates , currency rates or commodity prices .", "the framework uses a grid-based approach , which calculates multiple magnitudes of stress for both market rallies and market sell-offs for ." ]

[ "jpmorgan chase & co./2012 annual report 167 the chart shows that for year ended december 31 , 2012 , the firm posted market risk related gains on 220 of the 261 days in this period , with gains on eight days exceeding $ 200 million .", "the chart includes year to date losses incurred in the synthetic credit portfolio .", "cib and credit portfolio posted market risk-related gains on 254 days in the period .", "the inset graph looks at those days on which the firm experienced losses and depicts the amount by which var exceeded the actual loss on each of those days .", "of the losses that were sustained on the 41 days of the 261 days in the trading period , the firm sustained losses that exceeded the var measure on three of those days .", "these losses in excess of the var all occurred in the second quarter of 2012 and were due to the adverse effect of market movements on risk positions in the synthetic credit portfolio held by cio .", "during the year ended december 31 , 2012 , cib and credit portfolio experienced seven loss days ; none of the losses on those days exceeded their respective var measures .", "other risk measures debit valuation adjustment sensitivity the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads .", "this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve .", "however , the sensitivity at a single point in time multiplied by the change in credit spread at a single maturity point may not be representative of the actual dva gain or loss realized within a period .", "the actual results reflect the movement in credit spreads across various maturities , which typically do not move in a parallel fashion , and is the product of a constantly changing exposure profile , among other factors .", "debit valuation adjustment sensitivity ( in millions ) one basis-point increase in jpmorgan chase 2019s credit spread ." ]

[ "jpmorgan chase & co./2012 annual report 167 the chart shows that for year ended december 31 , 2012 , the firm posted market risk related gains on 220 of the 261 days in this period , with gains on eight days exceeding $ 200 million ." ]

[ [ "( in millions )", "one basis-point increase injpmorgan chase 2019s credit spread" ], [ "december 31 2012", "$ 34" ], [ "december 31 2011", "35" ] ]

[ "operating environment .", "following a challenging first quarter of 2016 , market conditions continued to improve with higher asset prices resulting in full year appreciation in our client assets in both equity and fixed income assets .", "also , our assets under supervision increased during 2016 from net inflows , primarily in fixed income assets , and liquidity products .", "the mix of our average assets under supervision shifted slightly compared with 2015 from long- term assets under supervision to liquidity products .", "management fees have been impacted by many factors , including inflows to advisory services and outflows from actively-managed mutual funds .", "in the future , if asset prices decline , or investors continue the trend of favoring assets that typically generate lower fees or investors withdraw their assets , net revenues in investment management would likely be negatively impacted .", "during 2015 , investment management operated in an environment generally characterized by strong client net inflows , which more than offset the declines in equity and fixed income asset prices , which resulted in depreciation in the value of client assets , particularly in the third quarter of 2015 .", "the mix of average assets under supervision shifted slightly from long-term assets under supervision to liquidity products compared with 2014 .", "2016 versus 2015 .", "net revenues in investment management were $ 5.79 billion for 2016 , 7% ( 7 % ) lower than 2015 .", "this decrease primarily reflected significantly lower incentive fees compared with a strong 2015 .", "in addition , management and other fees were slightly lower , reflecting shifts in the mix of client assets and strategies , partially offset by the impact of higher average assets under supervision .", "during the year , total assets under supervision increased $ 127 billion to $ 1.38 trillion .", "long-term assets under supervision increased $ 75 billion , including net inflows of $ 42 billion , primarily in fixed income assets , and net market appreciation of $ 33 billion , primarily in equity and fixed income assets .", "in addition , liquidity products increased $ 52 billion .", "operating expenses were $ 4.65 billion for 2016 , 4% ( 4 % ) lower than 2015 , due to decreased compensation and benefits expenses , reflecting lower net revenues .", "pre-tax earnings were $ 1.13 billion in 2016 , 17% ( 17 % ) lower than 2015 .", "2015 versus 2014 .", "net revenues in investment management were $ 6.21 billion for 2015 , 3% ( 3 % ) higher than 2014 , due to slightly higher management and other fees , primarily reflecting higher average assets under supervision , and higher transaction revenues .", "during 2015 , total assets under supervision increased $ 74 billion to $ 1.25 trillion .", "long-term assets under supervision increased $ 51 billion , including net inflows of $ 71 billion ( which includes $ 18 billion of asset inflows in connection with our acquisition of pacific global advisors 2019 solutions business ) , and net market depreciation of $ 20 billion , both primarily in fixed income and equity assets .", "in addition , liquidity products increased $ 23 billion .", "operating expenses were $ 4.84 billion for 2015 , 4% ( 4 % ) higher than 2014 , due to increased compensation and benefits expenses , reflecting higher net revenues .", "pre-tax earnings were $ 1.37 billion in 2015 , 2% ( 2 % ) lower than 2014 .", "geographic data see note 25 to the consolidated financial statements for a summary of our total net revenues , pre-tax earnings and net earnings by geographic region .", "goldman sachs 2016 form 10-k 65 ." ]

[ "the goldman sachs group , inc .", "and subsidiaries management 2019s discussion and analysis 2030 total aus net inflows/ ( outflows ) for 2014 includes $ 19 billion of fixed income asset inflows in connection with our acquisition of deutsche asset & wealth management 2019s stable value business and $ 6 billion of liquidity products inflows in connection with our acquisition of rbs asset management 2019s money market funds .", "the table below presents our average monthly assets under supervision by asset class .", "average for the year ended december $ in billions 2016 2015 2014 ." ]

[ "$ in billions the fixed income of average for theyear ended december 2016 is 578 ; the fixed income of average for theyear ended december 2015 is 530 ; the fixed income of average for theyear ended december 2014 is 499 ;", "$ in billions the total long-term assets under supervision of average for theyear ended december 2016 is 983 ; the total long-term assets under supervision of average for theyear ended december 2015 is 922 ; the total long-term assets under supervision of average for theyear ended december 2014 is 869 ;" ]

[ [ "$ in billions", "average for theyear ended december 2016", "average for theyear ended december 2015", "average for theyear ended december 2014" ], [ "alternative investments", "$ 149", "$ 145", "$ 145" ], [ "equity", "256", "247", "225" ], [ "fixed income", "578", "530", "499" ], [ "total long-term assets under supervision", "983", "922", "869" ], [ "liquidity products", "326", "272", "248" ], [ "total assets under supervision", "$ 1309", "$ 1194", "$ 1117" ] ]

[ "1this intangible asset will be amortized over the remaining expected patent lives of cialis in each country ; patent expiry dates range from 2015 to 2017 .", "new indications for and formulations of the cialis compound in clinical testing at the time of the acquisition represented approximately 48 percent of the estimated fair value of the acquired ipr&d .", "the remaining value of acquired ipr&d represented several other products in development , with no one asset comprising a signifi cant por- tion of this value .", "the discount rate we used in valuing the acquired ipr&d projects was 20 percent , and the charge for acquired ipr&d of $ 303.5 million recorded in the fi rst quarter of 2007 was not deductible for tax purposes .", "other acquisitions during the second quarter of 2007 , we acquired all of the outstanding stock of both hypnion , inc .", "( hypnion ) , a privately held neuroscience drug discovery company focused on sleep disorders , and ivy animal health , inc .", "( ivy ) , a privately held applied research and pharmaceutical product development company focused on the animal health industry , for $ 445.0 million in cash .", "the acquisition of hypnion provided us with a broader and more substantive presence in the area of sleep disorder research and ownership of hy10275 , a novel phase ii compound with a dual mechanism of action aimed at promoting better sleep onset and sleep maintenance .", "this was hypnion 2019s only signifi cant asset .", "for this acquisi- tion , we recorded an acquired ipr&d charge of $ 291.1 million , which was not deductible for tax purposes .", "because hypnion was a development-stage company , the transaction was accounted for as an acquisition of assets rather than as a business combination and , therefore , goodwill was not recorded .", "the acquisition of ivy provides us with products that complement those of our animal health business .", "this acquisition has been accounted for as a business combination under the purchase method of accounting .", "we allocated $ 88.7 million of the purchase price to other identifi able intangible assets , primarily related to marketed products , $ 37.0 million to acquired ipr&d , and $ 25.0 million to goodwill .", "the other identifi able intangible assets are being amortized over their estimated remaining useful lives of 10 to 20 years .", "the $ 37.0 million allocated to acquired ipr&d was charged to expense in the second quarter of 2007 .", "goodwill resulting from this acquisition was fully allocated to the animal health business segment .", "the amount allocated to each of the intangible assets acquired , including goodwill of $ 25.0 million and the acquired ipr&d of $ 37.0 million , was deductible for tax purposes .", "product acquisitions in june 2008 , we entered into a licensing and development agreement with transpharma medical ltd .", "( trans- pharma ) to acquire rights to its product and related drug delivery system for the treatment of osteoporosis .", "the product , which is administered transdermally using transpharma 2019s proprietary technology , was in phase ii clinical testing , and had no alternative future use .", "under the arrangement , we also gained non-exclusive access to trans- pharma 2019s viaderm drug delivery system for the product .", "as with many development-phase products , launch of the ." ]

[ "icos corporation on january 29 , 2007 , we acquired all of the outstanding common stock of icos corporation ( icos ) , our partner in the lilly icos llc joint venture for the manufacture and sale of cialis for the treatment of erectile dysfunction .", "the acquisition brought the full value of cialis to us and enabled us to realize operational effi ciencies in the further development , marketing , and selling of this product .", "the aggregate cash purchase price of approximately $ 2.3 bil- lion was fi nanced through borrowings .", "the acquisition has been accounted for as a business combination under the purchase method of accounting , resulting in goodwill of $ 646.7 million .", "no portion of this goodwill was deductible for tax purposes .", "we determined the following estimated fair values for the assets acquired and liabilities assumed as of the date of acquisition .", "estimated fair value at january 29 , 2007 ." ]

[ "cash and short-term investments the total purchase price of $ 197.7 is $ 2320.7 ;", "the acquisition has been accounted for as a business combination under the purchase method of accounting , resulting in goodwill of $ 646.7 million ." ]

[ [ "cash and short-term investments", "$ 197.7" ], [ "developed product technology ( cialis ) 1", "1659.9" ], [ "tax benefit of net operating losses", "404.1" ], [ "goodwill", "646.7" ], [ "long-term debt assumed", "-275.6 ( 275.6 )" ], [ "deferred taxes", "-583.5 ( 583.5 )" ], [ "other assets and liabilities 2014 net", "-32.1 ( 32.1 )" ], [ "acquired in-process research and development", "303.5" ], [ "total purchase price", "$ 2320.7" ] ]

[ "in accordance with the merger agreement , the company granted performance-based restricted stock units to key members of apache management and employees , with a maximum value of $ 13.0 million to be earned annually over a three-fiscal-year period beginning january 1 , 2012 .", "additional details regarding these awards are provided within note 3 .", "14 .", "stock repurchase program in february 2012 , ansys announced that its board of directors approved an increase to its authorized stock repurchase program .", "under the company 2019s stock repurchase program , ansys repurchased 1.5 million shares during the year ended december 31 , 2012 at an average price per share of $ 63.65 , for a total cost of $ 95.5 million .", "during the year ended december 31 , 2011 , the company repurchased 247443 shares at an average price per share of $ 51.34 , for a total cost of $ 12.7 million .", "as of december 31 , 2012 , 1.5 million shares remained authorized for repurchase under the program .", "15 .", "employee stock purchase plan the company 2019s 1996 employee stock purchase plan ( the 201cpurchase plan 201d ) was adopted by the board of directors on april 19 , 1996 and was subsequently approved by the company 2019s stockholders .", "the stockholders approved an amendment to the purchase plan on may 6 , 2004 to increase the number of shares available for offerings to 1.6 million shares .", "the purchase plan was amended and restated in 2007 .", "the purchase plan is administered by the compensation committee .", "offerings under the purchase plan commence on each february 1 and august 1 , and have a duration of six months .", "an employee who owns or is deemed to own shares of stock representing in excess of 5% ( 5 % ) of the combined voting power of all classes of stock of the company may not participate in the purchase plan .", "during each offering , an eligible employee may purchase shares under the purchase plan by authorizing payroll deductions of up to 10% ( 10 % ) of his or her cash compensation during the offering period .", "the maximum number of shares that may be purchased by any participating employee during any offering period is limited to 3840 shares ( as adjusted by the compensation committee from time to time ) .", "unless the employee has previously withdrawn from the offering , his accumulated payroll deductions will be used to purchase common stock on the last business day of the period at a price equal to 90% ( 90 % ) of the fair market value of the common stock on the first or last day of the offering period , whichever is lower .", "under applicable tax rules , an employee may purchase no more than $ 25000 worth of common stock in any calendar year .", "at december 31 , 2012 , 1233385 shares of common stock had been issued under the purchase plan , of which 1184082 were issued as of december 31 , 2011 .", "the total compensation expense recorded under the purchase plan during the years ended december 31 , 2012 , 2011 and 2010 was $ 710000 , $ 650000 and $ 500000 , respectively .", "table of contents ." ]

[ "under the terms of the ansys , inc .", "long-term incentive plan , in the first quarter of 2012 , 2011 and 2010 , the company granted 100000 , 92500 and 80500 performance-based restricted stock units , respectively .", "vesting of the full award or a portion thereof is based on the company 2019s performance as measured by total shareholder return relative to the median percentage appreciation of the nasdaq composite index over a specified measurement period , subject to each participant 2019s continued employment with the company through the conclusion of the measurement period .", "the measurement period for the restricted stock units granted pursuant to the long-term incentive plan is a three-year period beginning january 1 of the year of the grant .", "each restricted stock unit relates to one share of the company 2019s common stock .", "the value of each restricted stock unit granted in 2012 , 2011 and 2010 was estimated on the grant date to be $ 33.16 , $ 32.05 and $ 25.00 , respectively .", "the estimate of the grant-date value of the restricted stock units was made using a monte carlo simulation model .", "the determination of the fair value of the awards was affected by the grant date and a number of variables , each of which has been identified in the chart below .", "share-based compensation expense based on the fair value of the award is being recorded from the grant date through the conclusion of the three-year measurement period .", "on december 31 , 2012 , employees earned 76500 restricted stock units , which will be issued in the first quarter of 2013 .", "total compensation expense associated with the awards recorded for the years ended december 31 , 2012 , 2011 and 2010 was $ 2.6 million , $ 1.6 million and $ 590000 , respectively .", "total compensation expense associated with the awards granted for the years ending december 31 , 2013 and 2014 is expected to be $ 2.2 million and $ 1.2 million , respectively. ." ]

[ "long-term incentive plan , in the first quarter of 2012 , 2011 and 2010 , the company granted 100000 , 92500 and 80500 performance-based restricted stock units , respectively ." ]

[ [ "assumption used in monte carlo lattice pricing model", "year ended december 31 , 2012", "year ended december 31 , 2011 and 2010" ], [ "risk-free interest rate", "0.16% ( 0.16 % )", "1.35% ( 1.35 % )" ], [ "expected dividend yield", "0% ( 0 % )", "0% ( 0 % )" ], [ "expected volatility 2014ansys stock price", "28% ( 28 % )", "40% ( 40 % )" ], [ "expected volatility 2014nasdaq composite index", "20% ( 20 % )", "25% ( 25 % )" ], [ "expected term", "2.80", "2.90" ], [ "correlation factor", "0.75", "0.70" ] ]

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

[ "jpmorgan chase & co./2018 form 10-k 41 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .", "( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .", "the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors .", "the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .", "and is composed of leading national money center and regional banks and thrifts .", "the s&p financial index is an index of financial companies , all of which are components of the s&p 500 .", "the firm is a component of all three industry indices .", "the following table and graph assume simultaneous investments of $ 100 on december 31 , 2013 , in jpmorgan chase common stock and in each of the above indices .", "the comparison assumes that all dividends are reinvested .", "december 31 , ( in dollars ) 2013 2014 2015 2016 2017 2018 ." ]

[ "december 31 ( in dollars ) the jpmorgan chase of 2013 is $ 100.00 ; the jpmorgan chase of 2014 is $ 109.88 ; the jpmorgan chase of 2015 is $ 119.07 ; the jpmorgan chase of 2016 is $ 160.23 ; the jpmorgan chase of 2017 is $ 203.07 ; the jpmorgan chase of 2018 is $ 189.57 ;", "december 31 ( in dollars ) the kbw bank index of 2013 is 100.00 ; the kbw bank index of 2014 is 109.36 ; the kbw bank index of 2015 is 109.90 ; the kbw bank index of 2016 is 141.23 ; the kbw bank index of 2017 is 167.49 ; the kbw bank index of 2018 is 137.82 ;" ]

[ [ "december 31 ( in dollars )", "2013", "2014", "2015", "2016", "2017", "2018" ], [ "jpmorgan chase", "$ 100.00", "$ 109.88", "$ 119.07", "$ 160.23", "$ 203.07", "$ 189.57" ], [ "kbw bank index", "100.00", "109.36", "109.90", "141.23", "167.49", "137.82" ], [ "s&p financial index", "100.00", "115.18", "113.38", "139.17", "169.98", "147.82" ], [ "s&p 500 index", "100.00", "113.68", "115.24", "129.02", "157.17", "150.27" ] ]

[ "1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .", "we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2012 .", "these estimated payments of $ 16.4 are included within the total payments expected to be made in 2013 , and will continue to be carried forward into 2014 or beyond until exercised or expired .", "redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities .", "the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .", "see note 6 for further information relating to the payment structure of our acquisitions .", "all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress .", "legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities , arising in the normal course of business .", "we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .", "in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .", "while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .", "note 15 : recent accounting standards impairment of indefinite-lived intangible assets in july 2012 , the financial accounting standards board ( 201cfasb 201d ) issued amended guidance to simplify impairment testing of indefinite-lived intangible assets other than goodwill .", "the amended guidance permits an entity to first assess qualitative factors to determine whether it is 201cmore likely than not 201d that the indefinite-lived intangible asset is impaired .", "if , after assessing qualitative factors , an entity concludes that it is not 201cmore likely than not 201d that the indefinite-lived intangible ." ]

[ "notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries .", "the amount of parent company guarantees on lease obligations was $ 410.3 and $ 385.1 as of december 31 , 2012 and 2011 , respectively , and the amount of parent company guarantees primarily relating to credit facilities was $ 283.4 and $ 327.5 as of december 31 , 2012 and 2011 , respectively .", "in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .", "as of december 31 , 2012 , there were no material assets pledged as security for such parent company guarantees .", "contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 ." ]

[ "the redeemable noncontrolling interests and call options with affiliates1 of 2013 is 20.5 ; the redeemable noncontrolling interests and call options with affiliates1 of 2014 is 43.8 ; the redeemable noncontrolling interests and call options with affiliates1 of 2015 is 32.9 ; the redeemable noncontrolling interests and call options with affiliates1 of 2016 is 5.7 ; the redeemable noncontrolling interests and call options with affiliates1 of 2017 is 2.2 ; the redeemable noncontrolling interests and call options with affiliates1 of thereafter is 10.6 ; the redeemable noncontrolling interests and call options with affiliates1 of total is 115.7 ;", "contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 .", "the deferred acquisition payments of 2013 is $ 26.0 ; the deferred acquisition payments of 2014 is $ 12.4 ; the deferred acquisition payments of 2015 is $ 9.7 ; the deferred acquisition payments of 2016 is $ 46.4 ; the deferred acquisition payments of 2017 is $ 18.9 ; the deferred acquisition payments of thereafter is $ 2.0 ; the deferred acquisition payments of total is $ 115.4 ;" ]

[ [ "", "2013", "2014", "2015", "2016", "2017", "thereafter", "total" ], [ "deferred acquisition payments", "$ 26.0", "$ 12.4", "$ 9.7", "$ 46.4", "$ 18.9", "$ 2.0", "$ 115.4" ], [ "redeemable noncontrolling interests and call options with affiliates1", "20.5", "43.8", "32.9", "5.7", "2.2", "10.6", "115.7" ], [ "total contingent acquisition payments", "46.5", "56.2", "42.6", "52.1", "21.1", "12.6", "231.1" ], [ "less : cash compensation expense included above", "-0.7 ( 0.7 )", "-0.6 ( 0.6 )", "-0.8 ( 0.8 )", "-0.2 ( 0.2 )", "0.0", "0.0", "-2.3 ( 2.3 )" ], [ "total", "$ 45.8", "$ 55.6", "$ 41.8", "$ 51.9", "$ 21.1", "$ 12.6", "$ 228.8" ] ]

[ "as a result of certain acquisitions , we are subject to corporate level taxes for any related asset dispositions that may occur during the five-year period immediately after such assets were owned by a c corporation ( 201cbuilt-in gains tax 201d ) .", "the amount of income potentially subject to this special corporate level tax is generally equal to the lesser of ( a ) the excess of the fair value of the asset over its adjusted tax basis as of the date it became a reit asset , or ( b ) the actual amount of gain .", "some but not all gains recognized during this period of time could be offset by available net operating losses and capital loss carryforwards .", "during the year ended december 31 , 2016 , we acquired certain additional assets with built-in gains as of the date of acquisition that could be subject to the built-in gains tax if disposed of prior to the expiration of the applicable ten-year period .", "we have not recorded a deferred tax liability as a result of the potential built-in gains tax based on our intentions with respect to such properties and available tax planning strategies .", "under the provisions of the reit investment diversification and empowerment act of 2007 ( 201cridea 201d ) , for taxable years beginning after july 30 , 2008 , the reit may lease 201cqualified health care properties 201d on an arm 2019s-length basis to a trs if the property is operated on behalf of such subsidiary by a person who qualifies as an 201celigible independent contractor . 201d generally , the rent received from the trs will meet the related party rent exception and will be treated as 201crents from real property . 201d a 201cqualified health care property 201d includes real property and any personal property that is , or is necessary or incidental to the use of , a hospital , nursing facility , assisted living facility , congregate care facility , qualified continuing care facility , or other licensed facility which extends medical or nursing or ancillary services to patients .", "we have entered into various joint ventures that were structured under ridea .", "resident level rents and related operating expenses for these facilities are reported in the consolidated financial statements and are subject to federal , state and foreign income taxes as the operations of such facilities are included in a trs .", "certain net operating loss carryforwards could be utilized to offset taxable income in future years .", "given the applicable statute of limitations , we generally are subject to audit by the internal revenue service ( 201cirs 201d ) for the year ended december 31 , 2014 and subsequent years .", "the statute of limitations may vary in the states in which we own properties or conduct business .", "we do not expect to be subject to audit by state taxing authorities for any year prior to the year ended december 31 , 2011 .", "we are also subject to audit by the canada revenue agency and provincial authorities generally for periods subsequent to may 2012 related to entities acquired or formed in connection with acquisitions , and by the u.k . 2019s hm revenue & customs for periods subsequent to august 2012 related to entities acquired or formed in connection with acquisitions .", "at december 31 , 2017 , we had a net operating loss ( 201cnol 201d ) carryforward related to the reit of $ 448475000 .", "due to our uncertainty regarding the realization of certain deferred tax assets , we have not recorded a deferred tax asset related to nols generated by the reit .", "these amounts can be used to offset future taxable income ( and/or taxable income for prior years if an audit determines that tax is owed ) , if any .", "the reit will be entitled to utilize nols and tax credit carryforwards only to the extent that reit taxable income exceeds our deduction for dividends paid .", "the nol carryforwards generated through december 31 , 2017 will expire through 2036 .", "beginning with tax years after december 31 , 2017 , the tax cuts and jobs act ( 201ctax act 201d ) eliminates the carryback period , limits the nols to 80% ( 80 % ) of taxable income and replaces the 20-year carryforward period with an indefinite carryforward period. ." ]

[ "welltower inc .", "notes to consolidated financial statements is no longer present ( and additional weight may be given to subjective evidence such as our projections for growth ) .", "the valuation allowance rollforward is summarized as follows for the periods presented ( in thousands ) : year ended december 31 , 2017 2016 2015 ." ]

[ "2016 the beginning balance of year ended december 31 2017 2016 is $ 96838 ; the beginning balance of year ended december 31 2017 2016 is $ 98966 ; the beginning balance of year ended december 31 2017 is $ 85207 ;" ]

[ [ "2016", "year ended december 31 2017 2016", "year ended december 31 2017 2016", "year ended december 31 2017" ], [ "beginning balance", "$ 96838", "$ 98966", "$ 85207" ], [ "expense ( benefit )", "30445", "-2128 ( 2128 )", "13759" ], [ "ending balance", "$ 127283", "$ 96838", "$ 98966" ] ]

[ "( 1 ) the amount of the class usa common stock outstanding prior to the true-up is net of 131592008 shares held by wholly-owned subsidiaries of the company .", "( 2 ) the amount of the class b common stock outstanding subsequent to the true-up is net of 123525418 shares held by wholly-owned subsidiaries of the company .", "also , the company issued 51844393 additional shares of class c ( series ii ) common stock at a price of $ 44 per share in exchange for a subscription receivable from visa europe .", "this issuance and subscription receivable were recorded as offsetting entries in temporary equity on the company 2019s consolidated balance sheet at september 30 , 2008 .", "initial public offering in march 2008 , the company completed its ipo with the issuance of 446600000 shares of class a common stock at a net offering price of $ 42.77 ( the ipo price of $ 44.00 per share of class a common stock , less underwriting discounts and commissions of $ 1.23 per share ) .", "the company received net proceeds of $ 19.1 billion as a result of the ipo. ." ]

[ "visa inc .", "notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) were converted on a one-to-one basis from class eu ( series i , ii , iii ) common stock to class c ( series iii , ii , and iv ) common stock concurrent with the true-up .", "the results of the true-up are reflected in the table below .", "fractional shares resulting from the conversion of the shares of each individual stockholder have been rounded down .", "these fractional shares were paid in cash to stockholders as part of the initial redemption of class b common stock and class c common stock shortly following the ipo .", "outstanding regional classes and series of common stock issued in the reorganization converted classes and series of common stock issued in the true-up number of regional classes and series of common stock issued in the reorganization true-up conversion number of converted classes and series of common stock after the true-up class usa ( 1 ) class b ( 2 ) 426390481 0.93870 400251872 ." ]

[ "outstanding regional classes and seriesof common stock issued inthe reorganization the class usa ( 1 ) of converted classes and series of common stock issued in the true-up is class b ( 2 ) ; the class usa ( 1 ) of number of regional classes and series of common stock issued in the reorganization is 426390481 ; the class usa ( 1 ) of true-up conversion ratio is 0.93870 ; the class usa ( 1 ) of number of converted classes and series of common stock after the true-up is 400251872 ;" ]

[ [ "outstanding regional classes and seriesof common stock issued inthe reorganization", "converted classes and series of common stock issued in the true-up", "number of regional classes and series of common stock issued in the reorganization", "true-up conversion ratio", "number of converted classes and series of common stock after the true-up" ], [ "class usa ( 1 )", "class b ( 2 )", "426390481", "0.93870", "400251872" ], [ "class eu ( series i )", "class c ( series iii )", "62213201", "1.00000", "62213201" ], [ "class eu ( series ii )", "class c ( series ii )", "27904464", "1.00000", "27904464" ], [ "class eu ( series iii )", "class c ( series iv )", "549587", "1.00000", "549587" ], [ "class canada", "class c ( series i )", "22034685", "0.98007", "21595528" ], [ "class ap", "class c ( series i )", "119100481", "1.19043", "141780635" ], [ "class lac", "class c ( series i )", "80137915", "1.07110", "85835549" ], [ "class cemea", "class c ( series i )", "36749698", "0.95101", "34949123" ] ]

[ "included in selling , general and administrative expense was rent expense of $ 26.7 million , $ 21.3 million and $ 14.1 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively , under non-cancelable ." ]

[ "the company monitors the financial health and stability of its lenders under the revolving credit and long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .", "in july 2011 , in connection with the company 2019s acquisition of its corporate headquarters , the company assumed a $ 38.6 million nonrecourse loan secured by a mortgage on the acquired property .", "the acquisition of the company 2019s corporate headquarters was accounted for as a business combination , and the carrying value of the loan secured by the acquired property approximates fair value .", "the assumed loan had an original term of approximately ten years with a scheduled maturity date of march 1 , 2013 .", "the loan includes a balloon payment of $ 37.3 million due at maturity , and may not be prepaid .", "the assumed loan is nonrecourse with the lender 2019s remedies for non-performance limited to action against the acquired property and certain required reserves and a cash collateral account , except for nonrecourse carve outs related to fraud , breaches of certain representations , warranties or covenants , including those related to environmental matters , and other standard carve outs for a loan of this type .", "the loan requires certain minimum cash flows and financial results from the property , and if those requirements are not met , additional reserves may be required .", "the assumed loan requires prior approval of the lender for certain matters related to the property , including material leases , changes to property management , transfers of any part of the property and material alterations to the property .", "the loan has an interest rate of 6.73% ( 6.73 % ) .", "in connection with the assumed loan , the company incurred and capitalized $ 0.8 million in deferred financing costs .", "as of december 31 , 2011 , the outstanding balance on the loan was $ 38.2 million .", "in addition , in connection with the assumed loan for the acquisition of its corporate headquarters , the company was required to set aside amounts in reserve and cash collateral accounts .", "as of december 31 , 2011 , $ 2.0 million of restricted cash was included in prepaid expenses and other current assets , and the remaining $ 3.0 million of restricted cash was included in other long term assets .", "interest expense was $ 3.9 million , $ 2.3 million and $ 2.4 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively .", "interest expense includes the amortization of deferred financing costs and interest expense under the credit and long term debt facilities , as well as the assumed loan discussed above .", "8 .", "commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its retail stores and certain equipment under non-cancelable operating leases .", "the leases expire at various dates through 2023 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .", "the table below includes executed lease agreements for factory house stores that the company did not yet occupy as of december 31 , 2011 and does not include contingent rent the company may incur at its retail stores based on future sales above a specified limit .", "the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2011 : ( in thousands ) operating ." ]

[ "interest expense was $ 3.9 million , $ 2.3 million and $ 2.4 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively .", "included in selling , general and administrative expense was rent expense of $ 26.7 million , $ 21.3 million and $ 14.1 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively , under non-cancelable ." ]

[ [ "( in thousands )", "operating" ], [ "2012", "$ 22926" ], [ "2013", "23470" ], [ "2014", "26041" ], [ "2015", "24963" ], [ "2016", "18734" ], [ "2017 and thereafter", "69044" ], [ "total future minimum lease payments", "$ 185178" ] ]

[ "rsus are valued based on the fair value of our common stock on the date of grant .", "employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period , however , the shares are not issued , and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award .", "employees who are granted rsus receive dividend-equivalent cash payments only upon vesting .", "for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments .", "we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period .", "stock options we generally recognize compensation cost for stock options ratably over the three-year vesting period .", "at december 31 , 2013 and 2012 , there were 10.2 million ( weighted average exercise price of $ 83.65 ) and 20.6 million ( weighted average exercise price of $ 83.15 ) stock options outstanding .", "stock options outstanding at december 31 , 2013 have a weighted average remaining contractual life of approximately five years and an aggregate intrinsic value of $ 663 million , and we expect nearly all of these stock options to vest .", "of the stock options outstanding , 7.7 million ( weighted average exercise price of $ 84.37 ) have vested as of december 31 , 2013 and those stock options have a weighted average remaining contractual life of approximately four years and an aggregate intrinsic value of $ 497 million .", "there were 10.1 million ( weighted average exercise price of $ 82.72 ) stock options exercised during 2013 .", "we did not grant stock options to employees during 2013. ." ]

[ "note 12 2013 stock-based compensation during 2013 , 2012 , and 2011 , we recorded non-cash stock-based compensation expense totaling $ 189 million , $ 167 million , and $ 157 million , which is included as a component of other unallocated costs on our statements of earnings .", "the net impact to earnings for the respective years was $ 122 million , $ 108 million , and $ 101 million .", "as of december 31 , 2013 , we had $ 132 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.5 years .", "we received cash from the exercise of stock options totaling $ 827 million , $ 440 million , and $ 116 million during 2013 , 2012 , and 2011 .", "in addition , our income tax liabilities for 2013 , 2012 , and 2011 were reduced by $ 158 million , $ 96 million , and $ 56 million due to recognized tax benefits on stock-based compensation arrangements .", "stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) , or other stock units .", "the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant .", "no award of stock options may become fully vested prior to the third anniversary of the grant , and no portion of a stock option grant may become vested in less than one year .", "the minimum vesting period for restricted stock or stock units payable in stock is three years .", "award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control , or layoff .", "the maximum term of a stock option or any other award is 10 years .", "at december 31 , 2013 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 20.4 million shares reserved for issuance under the plans .", "at december 31 , 2013 , 4.7 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans .", "we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied .", "the following table summarizes activity related to nonvested rsus during 2013 : number of rsus ( in thousands ) weighted average grant-date fair value per share ." ]

[ "the nonvested at december 31 2012 of number of rsus ( in thousands ) is 4822 ; the nonvested at december 31 2012 of weighted average grant-date fair value pershare is $ 79.10 ;", "the nonvested at december 31 2013 of number of rsus ( in thousands ) is 3859 ; the nonvested at december 31 2013 of weighted average grant-date fair value pershare is $ 82.42 ;" ]

[ [ "", "number of rsus ( in thousands )", "weighted average grant-date fair value pershare" ], [ "nonvested at december 31 2012", "4822", "$ 79.10" ], [ "granted", "1356", "89.24" ], [ "vested", "-2093 ( 2093 )", "79.26" ], [ "forfeited", "-226 ( 226 )", "81.74" ], [ "nonvested at december 31 2013", "3859", "$ 82.42" ] ]

[ "." ]

[ "entergy corporation and subsidiaries notes to financial statements in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .", "entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing .", "these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .", "in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 .", "this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above .", "in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa .", "under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit .", "covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization .", "if entergy's debt ratio exceeds this limit , or if entergy corporation or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur .", "entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have received ferc long-term financing orders authorizing long-term securities issuances .", "entergy arkansas has received an apsc long-term financing order authorizing long-term securities issuances .", "the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through august 2010 .", "capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : maintain system energy's equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; permit the continued commercial operation of grand gulf ; pay in full all system energy indebtedness for borrowed money when due ; and enable system energy to make payments on specific system energy debt , under supplements to the agreement assigning system energy's rights in the agreement as security for the specific debt .", "entergy texas securitization bonds - hurricane rita in april 2007 , the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas' hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits .", "in june 2007 , entergy gulf states reconstruction funding i , llc , a company wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) , as follows : amount ( in thousands ) ." ]

[ "the tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022 of amount ( in thousands ) is 114400 ;", "the total senior secured transition bonds of amount ( in thousands ) is $ 329500 ;", "if entergy's debt ratio exceeds this limit , or if entergy corporation or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur ." ]

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

[ "replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .", "inventory quantities are tracked through a perpetual inventory system .", "the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .", "the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .", "the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .", "the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .", "the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .", "the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .", "9 .", "property and equipment : property and equipment are stated at cost , less accumulated depreciation .", "expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .", "when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .", "depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. ." ]

[ "advance auto parts , inc .", "and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .", "inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( \"lifo\" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .", "under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .", "the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .", "accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .", "as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .", "the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( \"fifo\" ) method .", "core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .", "additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .", "the company capitalizes certain purchasing and warehousing costs into inventory .", "purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .", "inventories consist of the following : december 30 , december 31 , 2006 2005 ." ]

[ "the inventories at fifo net of december 30 2006 is $ 1380573 ; the inventories at fifo net of december 31 2005 is $ 1294310 ;", "the adjustments to state inventories at lifo of december 30 2006 is 82767 ; the adjustments to state inventories at lifo of december 31 2005 is 72789 ;" ]

[ [ "", "december 30 2006", "december 31 2005" ], [ "inventories at fifo net", "$ 1380573", "$ 1294310" ], [ "adjustments to state inventories at lifo", "82767", "72789" ], [ "inventories at lifo net", "$ 1463340", "$ 1367099" ] ]

[ "12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 smith ( a o ) corp s&p smallcap 600 index s&p 600 electrical equipment ." ]

[ "the graph below shows a five-year comparison of the cumulative shareholder return on the company's common stock with the cumulative total return of the s&p smallcap 600 index and the s&p 600 electrical equipment index , all of which are published indices .", "comparison of five-year cumulative total return from december 31 , 2002 to december 31 , 2007 assumes $ 100 invested with reinvestment of dividends period indexed returns ." ]

[ "company/index the a o smith corp of baseperiod 12/31/02 is 100.00 ; the a o smith corp of baseperiod 12/31/03 is 132.23 ; the a o smith corp of baseperiod 12/31/04 is 115.36 ; the a o smith corp of baseperiod 12/31/05 is 138.20 ; the a o smith corp of baseperiod 12/31/06 is 150.26 ; the a o smith corp of 12/31/07 is 142.72 ;", "company/index the s&p smallcap 600 index of baseperiod 12/31/02 is 100.00 ; the s&p smallcap 600 index of baseperiod 12/31/03 is 138.79 ; the s&p smallcap 600 index of baseperiod 12/31/04 is 170.22 ; the s&p smallcap 600 index of baseperiod 12/31/05 is 183.30 ; the s&p smallcap 600 index of baseperiod 12/31/06 is 211.01 ; the s&p smallcap 600 index of 12/31/07 is 210.39 ;" ]

[ [ "company/index", "baseperiod 12/31/02", "baseperiod 12/31/03", "baseperiod 12/31/04", "baseperiod 12/31/05", "baseperiod 12/31/06", "12/31/07" ], [ "a o smith corp", "100.00", "132.23", "115.36", "138.20", "150.26", "142.72" ], [ "s&p smallcap 600 index", "100.00", "138.79", "170.22", "183.30", "211.01", "210.39" ], [ "s&p 600 electrical equipment", "100.00", "126.12", "152.18", "169.07", "228.83", "253.33" ] ]

[ "( a ) includes changes in fair value for certain loans accounted for at fair value .", "customer-related trading revenues for 2013 increased $ 7 million compared with 2012 .", "the increase primarily resulted from the impact of higher market interest rates on credit valuations for customer-related derivatives activities and improved debt underwriting results which were partially offset by reduced client sales revenue .", "the pnc financial services group , inc .", "2013 form 10-k 93 ." ]

[ "simulations assume that as assets and liabilities mature , they are replaced or repriced at then current market rates .", "we also consider forward projections of purchase accounting accretion when forecasting net interest income .", "the following graph presents the libor/swap yield curves for the base rate scenario and each of the alternate scenarios one year forward .", "table 52 : alternate interest rate scenarios : one year forward base rates pnc economist market forward slope flattening 2y 3y 5y 10y the fourth quarter 2013 interest sensitivity analyses indicate that our consolidated balance sheet is positioned to benefit from an increase in interest rates and an upward sloping interest rate yield curve .", "we believe that we have the deposit funding base and balance sheet flexibility to adjust , where appropriate and permissible , to changing interest rates and market conditions .", "market risk management 2013 customer-related trading risk we engage in fixed income securities , derivatives and foreign exchange transactions to support our customers 2019 investing and hedging activities .", "these transactions , related hedges and the credit valuation adjustment ( cva ) related to our customer derivatives portfolio are marked-to-market on a daily basis and reported as customer-related trading activities .", "we do not engage in proprietary trading of these products .", "we use value-at-risk ( var ) as the primary means to measure and monitor market risk in customer-related trading activities .", "we calculate a diversified var at a 95% ( 95 % ) confidence interval .", "var is used to estimate the probability of portfolio losses based on the statistical analysis of historical market risk factors .", "a diversified var reflects empirical correlations across different asset classes .", "during 2013 , our 95% ( 95 % ) var ranged between $ 1.7 million and $ 5.5 million , averaging $ 3.5 million .", "during 2012 , our 95% ( 95 % ) var ranged between $ 1.1 million and $ 5.3 million , averaging $ 3.2 million .", "to help ensure the integrity of the models used to calculate var for each portfolio and enterprise-wide , we use a process known as backtesting .", "the backtesting process consists of comparing actual observations of gains or losses against the var levels that were calculated at the close of the prior day .", "this assumes that market exposures remain constant throughout the day and that recent historical market variability is a good predictor of future variability .", "our customer-related trading activity includes customer revenue and intraday hedging which helps to reduce losses , and may reduce the number of instances of actual losses exceeding the prior day var measure .", "there was one such instance during 2013 under our diversified var measure where actual losses exceeded the prior day var measure .", "in comparison , there were two such instances during 2012 .", "we use a 500 day look back period for backtesting and include customer-related revenue .", "the following graph shows a comparison of enterprise-wide gains and losses against prior day diversified var for the period indicated .", "table 53 : enterprise-wide gains/losses versus value-at- 12/31/12 1/31/13 2/28/13 3/31/13 4/30/13 5/31/13 6/30/13 7/31/13 8/31/13 9/30/13 10/31/13 11/30/13 12/31/13 total customer-related trading revenue was as follows : table 54 : customer-related trading revenue year ended december 31 in millions 2013 2012 ." ]

[ "year ended december 31in millions the noninterest income of 2013 is 286 ; the noninterest income of 2012 is 272 ;" ]

[ [ "year ended december 31in millions", "2013", "2012" ], [ "net interest income", "$ 31", "$ 38" ], [ "noninterest income", "286", "272" ], [ "total customer-related trading revenue", "$ 317", "$ 310" ], [ "securities underwriting and trading ( a )", "$ 78", "$ 100" ], [ "foreign exchange", "94", "92" ], [ "financial derivatives and other", "145", "118" ], [ "total customer-related trading revenue", "$ 317", "$ 310" ] ]

[ "approximately 96% ( 96 % ) of capital lease payments relate to locomotives .", "rent expense for operating leases with terms exceeding one month was $ 535 million in 2016 , $ 590 million in 2015 , and $ 593 million in 2014 .", "when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .", "contingent rentals and sub-rentals are not significant .", "18 .", "commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .", "we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity .", "to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated .", "we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .", "personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .", "we use an actuarial analysis to measure the expense and liability , including unasserted claims .", "the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .", "under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .", "we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work .", "our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments .", "approximately 94% ( 94 % ) of the recorded liability is related to asserted claims and approximately 6% ( 6 % ) is related to unasserted claims at december 31 , 2016 .", "because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 290 million to $ 317 million .", "we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other .", "estimates can vary over time due to evolving trends in litigation. ." ]

[ "17 .", "leases we lease certain locomotives , freight cars , and other property .", "the consolidated statements of financial position as of december 31 , 2016 , and 2015 included $ 1997 million , net of $ 1121 million of accumulated depreciation , and $ 2273 million , net of $ 1189 million of accumulated depreciation , respectively , for properties held under capital leases .", "a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .", "future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2016 , were as follows : millions operating leases capital leases ." ]

[ "millions the total minimum lease payments of operatingleases is $ 3043 ; the total minimum lease payments of capitalleases is $ 1355 ;", "rent expense for operating leases with terms exceeding one month was $ 535 million in 2016 , $ 590 million in 2015 , and $ 593 million in 2014 ." ]

[ [ "millions", "operatingleases", "capitalleases" ], [ "2017", "$ 461", "$ 221" ], [ "2018", "390", "193" ], [ "2019", "348", "179" ], [ "2020", "285", "187" ], [ "2021", "245", "158" ], [ "later years", "1314", "417" ], [ "total minimum lease payments", "$ 3043", "$ 1355" ], [ "amount representing interest", "n/a", "-250 ( 250 )" ], [ "present value of minimum lease payments", "n/a", "$ 1105" ] ]

[ "1 .", "related revenues are included in 201cmarket making 201d in the consolidated statements of earnings .", "goldman sachs 2013 annual report 45 ." ]

[ "management 2019s discussion and analysis net interest income 2013 versus 2012 .", "net interest income on the consolidated statements of earnings was $ 3.39 billion for 2013 , 13% ( 13 % ) lower than 2012 .", "the decrease compared with 2012 was primarily due to lower average yields on financial instruments owned , at fair value , partially offset by lower interest expense on financial instruments sold , but not yet purchased , at fair value and collateralized financings .", "2012 versus 2011 .", "net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 .", "the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value and collateralized agreements .", "see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income .", "operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .", "compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .", "discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment .", "the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . ." ]

[ "$ in millions the total staff at period-end of year ended december 2013 is 32900 ; the total staff at period-end of year ended december 2012 is 32400 ; the total staff at period-end of year ended december 2011 is 33300 ;" ]

[ [ "$ in millions", "year ended december 2013", "year ended december 2012", "year ended december 2011" ], [ "compensation and benefits", "$ 12613", "$ 12944", "$ 12223" ], [ "brokerage clearing exchange anddistribution fees", "2341", "2208", "2463" ], [ "market development", "541", "509", "640" ], [ "communications and technology", "776", "782", "828" ], [ "depreciation and amortization", "1322", "1738", "1865" ], [ "occupancy", "839", "875", "1030" ], [ "professional fees", "930", "867", "992" ], [ "insurance reserves1", "176", "598", "529" ], [ "other expenses", "2931", "2435", "2072" ], [ "total non-compensation expenses", "9856", "10012", "10419" ], [ "total operating expenses", "$ 22469", "$ 22956", "$ 22642" ], [ "total staff at period-end", "32900", "32400", "33300" ] ]

[ "total future minimum sponsorship and other payments $ 1355605 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 .", "other than as described below , 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 .", "on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v .", "under armour , inc. ) .", "on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v .", "under armour , inc. ) .", "the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive .", "the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints .", "in general , the allegations in each case concern disclosures and statements made by ." ]

[ "2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) ." ]

[ "2017 the 2018 of $ 176138 is 166961 ;", "2017 the total future minimum sponsorship and other payments of $ 176138 is $ 1355605 ;" ]

[ [ "2017", "$ 176138" ], [ "2018", "166961" ], [ "2019", "142987" ], [ "2020", "124856" ], [ "2021", "118168" ], [ "2022 and thereafter", "626495" ], [ "total future minimum sponsorship and other payments", "$ 1355605" ] ]

[ "the company evaluated the estimated impairment of its ars portfolio to determine if it was other-than- temporary .", "the company considered several factors including , but not limited to , the following : ( 1 ) the reasons for the decline in value ( changes in interest rates , credit event , or market fluctuations ) ; ( 2 ) assessments as to whether it is more likely than not that it will hold and not be required to sell the investments for a sufficient period of time to allow for recovery of the cost basis ; ( 3 ) whether the decline is substantial ; and ( 4 ) the historical and anticipated duration of the events causing the decline in value .", "the evaluation for other-than-temporary impairments is a quantitative and qualitative process , which is subject to various risks and uncertainties .", "the risks and uncertainties include changes in credit quality , market liquidity , timing and amounts of issuer calls and interest rates .", "as of december 31 , 2010 , the company believed that the unrealized losses on the ars were not related to credit quality but rather due to the lack of liquidity in the market .", "the company believes that it is more ." ]

[ "mastercard incorporated notes to consolidated financial statements 2014continued the municipal bond portfolio is comprised of tax exempt bonds and is diversified across states and sectors .", "the portfolio has an average credit quality of double-a .", "the short-term bond funds invest in fixed income securities , including corporate bonds , mortgage-backed securities and asset-backed securities .", "the company holds investments in ars .", "interest on these securities is exempt from u.s .", "federal income tax and the interest rate on the securities typically resets every 35 days .", "the securities are fully collateralized by student loans with guarantees , ranging from approximately 95% ( 95 % ) to 98% ( 98 % ) of principal and interest , by the u.s .", "government via the department of education .", "beginning on february 11 , 2008 , the auction mechanism that normally provided liquidity to the ars investments began to fail .", "since mid-february 2008 , all investment positions in the company 2019s ars investment portfolio have experienced failed auctions .", "the securities for which auctions have failed have continued to pay interest in accordance with the contractual terms of such instruments and will continue to accrue interest and be auctioned at each respective reset date until the auction succeeds , the issuer redeems the securities or they mature .", "during 2008 , ars were reclassified as level 3 from level 2 .", "as of december 31 , 2010 , the ars market remained illiquid , but issuer call and redemption activity in the ars student loan sector has occurred periodically since the auctions began to fail .", "during 2010 and 2009 , the company did not sell any ars in the auction market , but there were calls at par .", "the table below includes a roll-forward of the company 2019s ars investments from january 1 , 2009 to december 31 , 2010 .", "significant unobservable inputs ( level 3 ) ( in millions ) ." ]

[ "the fair value december 31 2008 of significant unobservable inputs ( level 3 ) ( in millions ) is $ 192 ;", "the fair value december 31 2009 of significant unobservable inputs ( level 3 ) ( in millions ) is 180 ;" ]

[ [ "", "significant unobservable inputs ( level 3 ) ( in millions )" ], [ "fair value december 31 2008", "$ 192" ], [ "calls at par", "-28 ( 28 )" ], [ "recovery of unrealized losses due to issuer calls", "5" ], [ "increase in fair value", "11" ], [ "fair value december 31 2009", "180" ], [ "calls at par", "-94 ( 94 )" ], [ "recovery of unrealized losses due to issuer calls", "13" ], [ "increase in fair value", "7" ], [ "fair value december 31 2010", "$ 106" ] ]

[ "( a ) includes all home equity lines of credit that mature in 2015 or later , including those with borrowers where we have terminated borrowing privileges .", "( b ) includes approximately $ 154 million , $ 48 million , $ 57 million , $ 42 million and $ 564 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively .", "76 the pnc financial services group , inc .", "2013 form 10-k ." ]

[ "on a regular basis our special asset committee closely monitors loans , primarily commercial loans , that are not included in the nonperforming or accruing past due categories and for which we are uncertain about the borrower 2019s ability to comply with existing repayment terms .", "these loans totaled $ .2 billion at both december 31 , 2014 and december 31 , 2013 .", "home equity loan portfolio our home equity loan portfolio totaled $ 34.7 billion as of december 31 , 2014 , or 17% ( 17 % ) of the total loan portfolio .", "of that total , $ 20.4 billion , or 59% ( 59 % ) , was outstanding under primarily variable-rate home equity lines of credit and $ 14.3 billion , or 41% ( 41 % ) , consisted of closed-end home equity installment loans .", "approximately 3% ( 3 % ) of the home equity portfolio was on nonperforming status as of december 31 , 2014 .", "as of december 31 , 2014 , we are in an originated first lien position for approximately 51% ( 51 % ) of the total portfolio and , where originated as a second lien , we currently hold or service the first lien position for approximately an additional 2% ( 2 % ) of the portfolio .", "the remaining 47% ( 47 % ) of the portfolio was secured by second liens where we do not hold the first lien position .", "the credit performance of the majority of the home equity portfolio where we are in , hold or service the first lien position , is superior to the portion of the portfolio where we hold the second lien position but do not hold the first lien .", "lien position information is generally based upon original ltv at the time of origination .", "however , after origination pnc is not typically notified when a senior lien position that is not held by pnc is satisfied .", "therefore , information about the current lien status of junior lien loans is less readily available in cases where pnc does not also hold the senior lien .", "additionally , pnc is not typically notified when a junior lien position is added after origination of a pnc first lien .", "this updated information for both junior and senior liens must be obtained from external sources , and therefore , pnc has contracted with an industry-leading third-party service provider to obtain updated loan , lien and collateral data that is aggregated from public and private sources .", "we track borrower performance monthly , including obtaining original ltvs , updated fico scores at least quarterly , updated ltvs semi-annually , and other credit metrics at least quarterly , including the historical performance of any mortgage loans regardless of lien position that we do or do not hold .", "this information is used for internal reporting and risk management .", "for internal reporting and risk management we also segment the population into pools based on product type ( e.g. , home equity loans , brokered home equity loans , home equity lines of credit , brokered home equity lines of credit ) .", "as part of our overall risk analysis and monitoring , we segment the home equity portfolio based upon the delinquency , modification status and bankruptcy status of these loans , as well as the delinquency , modification status and bankruptcy status of any mortgage loan with the same borrower ( regardless of whether it is a first lien senior to our second lien ) .", "in establishing our alll for non-impaired loans , we primarily utilize a delinquency roll-rate methodology for pools of loans .", "in accordance with accounting principles , under this methodology , we establish our allowance based upon incurred losses , not lifetime expected losses .", "the roll-rate methodology estimates transition/roll of loan balances from one delinquency state ( e.g. , 30-59 days past due ) to another delinquency state ( e.g. , 60-89 days past due ) and ultimately to charge-off .", "the roll through to charge-off is based on pnc 2019s actual loss experience for each type of pool .", "each of our home equity pools contains both first and second liens .", "our experience has been that the ratio of first to second lien loans has been consistent over time and the charge-off amounts for the pools , used to establish our allowance , include losses on both first and second liens loans .", "generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20-year amortization term .", "during the draw period , we have home equity lines of credit where borrowers pay either interest or principal and interest .", "we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments .", "the risk associated with the borrower 2019s ability to satisfy the loan terms upon the draw period ending is considered in establishing our alll .", "based upon outstanding balances at december 31 , 2014 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end .", "table 36 : home equity lines of credit 2013 draw period end in millions interest only product principal and interest product ." ]

[ "home equity loan portfolio our home equity loan portfolio totaled $ 34.7 billion as of december 31 , 2014 , or 17% ( 17 % ) of the total loan portfolio ." ]

[ [ "in millions", "interest onlyproduct", "principal andinterest product" ], [ "2015", "$ 1597", "$ 541" ], [ "2016", "1366", "437" ], [ "2017", "2434", "596" ], [ "2018", "1072", "813" ], [ "2019 and thereafter", "3880", "5391" ], [ "total ( a ) ( b )", "$ 10349", "$ 7778" ] ]

[ "source : hologic inc , 10-k , november 23 , 2011 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely .", "the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law .", "past financial performance is no guarantee of future results. ." ]

[ "table of contents the company concluded that the acquisition of sentinelle medical did not represent a material business combination , and therefore , no pro forma financial information has been provided herein .", "subsequent to the acquisition date , the company 2019s results of operations include the results of sentinelle medical , which is included within the company 2019s breast health reporting segment .", "the company accounted for the sentinelle medical acquisition as a purchase of a business under asc 805 .", "the purchase price was comprised of an $ 84.8 million cash payment , which was net of certain adjustments , plus three contingent payments up to a maximum of an additional $ 250.0 million in cash .", "the contingent payments are based on a multiple of incremental revenue growth during the two-year period following the completion of the acquisition as follows : six months after acquisition , 12 months after acquisition , and 24 months after acquisition .", "pursuant to asc 805 , the company recorded its estimate of the fair value of the contingent consideration liability based on future revenue projections of the sentinelle medical business under various potential scenarios and weighted probability assumptions of these outcomes .", "as of the date of acquisition , these cash flow projections were discounted using a rate of 16.5% ( 16.5 % ) .", "the discount rate is based on the weighted-average cost of capital of the acquired business plus a credit risk premium for non-performance risk related to the liability pursuant to asc 820 .", "this analysis resulted in an initial contingent consideration liability of $ 29.5 million , which will be adjusted periodically as a component of operating expenses based on changes in the fair value of the liability driven by the accretion of the liability for the time value of money and changes in the assumptions pertaining to the achievement of the defined revenue growth milestones .", "this fair value measurement was based on significant inputs not observable in the market and thus represented a level 3 measurement as defined in asc during each quarter in fiscal 2011 , the company has re-evaluated its assumptions and updated the revenue and probability assumptions for future earn-out periods and lowered its projections .", "as a result of these adjustments , which were partially offset by the accretion of the liability , and using a current discount rate of approximately 17.0% ( 17.0 % ) , the company recorded a reversal of expense of $ 14.3 million in fiscal 2011 to record the contingent consideration liability at fair value .", "in addition , during the second quarter of fiscal 2011 , the first earn-out period ended , and the company adjusted the fair value of the contingent consideration liability for actual results during the earn-out period .", "this payment of $ 4.3 million was made in the third quarter of fiscal 2011 .", "at september 24 , 2011 , the fair value of the liability is $ 10.9 million .", "the company did not issue any equity awards in connection with this acquisition .", "the company incurred third-party transaction costs of $ 1.2 million , which were expensed within general and administrative expenses in fiscal 2010 .", "the purchase price was as follows: ." ]

[ "cash the contingent consideration of $ 84751 is 29500 ;", "cash the total purchase price of $ 84751 is $ 114251 ;" ]

[ [ "cash", "$ 84751" ], [ "contingent consideration", "29500" ], [ "total purchase price", "$ 114251" ] ]

[ "included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2008 is a favorable adjustment to certain liabilities of acquired companies due to changes in circumstances surrounding those liabilities subsequent to the related measurement period .", "included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2006 is the sale of the former centerpulse austin land and facilities for a gain of $ 5.1 million and the favorable settlement of two pre- acquisition contingent liabilities .", "these gains were offset by a $ 13.4 million impairment charge for certain centerpulse tradename and trademark intangibles based principally in our europe operating segment .", "in-process research and development charges for 2008 are related to the acquisition of abbott spine .", "in-process research and development charges for 2007 are related to the acquisitions of endius and orthosoft .", "consulting and professional fees relate to third- party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources and legal fees related to matters involving acquired businesses .", "cash and equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents .", "the carrying amounts reported in the balance sheet for cash and equivalents are valued at cost , which approximates their fair value .", "restricted cash is primarily composed of cash held in escrow related to certain insurance coverage .", "inventories 2013 inventories , net of allowances for obsolete and slow-moving goods , are stated at the lower of cost or market , with cost determined on a first-in first-out basis .", "property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation .", "depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements , three to eight years for machinery and equipment .", "maintenance and repairs are expensed as incurred .", "in accordance with statement of financial accounting standards ( 201csfas 201d ) no .", "144 , 201caccounting for the impairment or disposal of long-lived assets , 201d we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable .", "an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount .", "an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value .", "software costs 2013 we capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended .", "capitalized software costs generally include external direct costs of materials and services utilized in developing or obtaining computer software and compensation and related benefits for employees who are directly associated with the software project .", "capitalized software costs are included in property , plant and equipment on our balance sheet and amortized on a straight-line basis when the software is ready for its intended use over the estimated useful lives of the software , which approximate three to seven years .", "instruments 2013 instruments are hand-held devices used by orthopaedic surgeons during total joint replacement and other surgical procedures .", "instruments are recognized as long-lived assets and are included in property , plant and equipment .", "undeployed instruments are carried at cost , net of allowances for excess and obsolete instruments .", "instruments in the field are carried at cost less accumulated depreciation .", "depreciation is computed using the straight-line method based on average estimated useful lives , determined principally in reference to associated product life cycles , primarily five years .", "we review instruments for impairment in accordance with sfas no .", "144 .", "depreciation of instruments is recognized as selling , general and administrative expense .", "goodwill 2013 we account for goodwill in accordance with sfas no .", "142 , 201cgoodwill and other intangible assets . 201d goodwill is not amortized but is subject to annual impairment tests .", "goodwill has been assigned to reporting units .", "we perform annual impairment tests by comparing each reporting unit 2019s fair value to its carrying amount to determine if there is potential impairment .", "the fair value of the reporting unit and the implied fair value of goodwill are determined based upon a discounted cash flow analysis .", "significant assumptions are incorporated into to these discounted cash flow analyses such as estimated growth rates and risk-adjusted discount rates .", "we perform this test in the fourth quarter of the year .", "if the fair value of the reporting unit is less than its carrying value , an impairment loss is recorded to the extent that the implied fair value of the reporting unit goodwill is less than the carrying value of the reporting unit goodwill .", "intangible assets 2013 we account for intangible assets in accordance with sfas no .", "142 .", "intangible assets are initially measured at their fair value .", "we have determined the fair value of our intangible assets either by the fair value of the 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 : 044000000 ***%%pcmsg|44 |00007|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| ." ]

[ "december 31 , 2008 , 2007 and 2006 , included ( in millions ) : ." ]

[ "the information technology integration of 2008 is 0.9 ; the information technology integration of 2007 is 2.6 ; the information technology integration of 2006 is 3.0 ;", "december 31 , 2008 , 2007 and 2006 , included ( in millions ) : ." ]

[ [ "", "2008", "2007", "2006" ], [ "gain on disposition adjustment or impairment of acquired assets and obligations", "$ -9.0 ( 9.0 )", "$ -1.2 ( 1.2 )", "$ -19.2 ( 19.2 )" ], [ "consulting and professional fees", "10.1", "1.0", "8.8" ], [ "employee severance and retention", "1.9", "1.6", "3.3" ], [ "information technology integration", "0.9", "2.6", "3.0" ], [ "in-process research & development", "38.5", "6.5", "2.9" ], [ "integration personnel", "2013", "2013", "2.5" ], [ "facility and employee relocation", "7.5", "2013", "1.0" ], [ "distributor acquisitions", "7.3", "4.1", "2013" ], [ "sales agent and lease contract terminations", "8.1", "5.4", "0.2" ], [ "other", "3.2", "5.2", "3.6" ], [ "acquisition integration and other", "$ 68.5", "$ 25.2", "$ 6.1" ] ]

[ "." ]

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

[ "the apple inc . of september 30 2008 is $ 100 ; the apple inc . of september 30 2009 is $ 163 ; the apple inc . of september 30 2010 is $ 250 ; the apple inc . of september 30 2011 is $ 335 ; the apple inc . of september 30 2012 is $ 589 ; the apple inc . of september 30 2013 is $ 431 ;", "the s&p computer hardware index of september 30 2008 is $ 100 ; the s&p computer hardware index of september 30 2009 is $ 118 ; the s&p computer hardware index of september 30 2010 is $ 140 ; the s&p computer hardware index of september 30 2011 is $ 159 ; the s&p computer hardware index of september 30 2012 is $ 255 ; the s&p computer hardware index of september 30 2013 is $ 197 ;" ]

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

[ "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 ) the net interest income 2013 managed basis ( a ) ( b ) of 2016 is $ 47292 ; the net interest income 2013 managed basis ( a ) ( b ) of 2015 is $ 44620 ; the net interest income 2013 managed basis ( a ) ( b ) of 2014 is $ 44619 ;", "year ended december 31 ( in millions except rates ) the less : cib markets net interest income ( c ) of 2016 is 6334 ; the less : cib markets net interest income ( c ) of 2015 is 5298 ; the less : cib markets net interest income ( c ) of 2014 is 6032 ;" ]

[ [ "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 % )" ] ]

[ "in addition , american living and chaps-branded products distributed by our wholesale segment were sold domestically through approximately 1700 doors as of april 2 , 2011. ." ]

[ "table of contents global brand concepts american living launched exclusively at jcpenney in february 2008 , american living offers classic american style with a fresh , modern spirit and authentic sensibility .", "from everyday essentials to special occasion looks for the entire family to finely crafted bedding and home furnishings , american living promises stylish clothing and home products that are exceptionally made and offered at an incredible value .", "american living is available exclusively at jcpenney and jcp.com .", "chaps translates the classic heritage and timeless aesthetic of ralph lauren into an accessible line for men , women , children and the home .", "from casual basics designed for versatility and ease of wear to smart , finely tailored silhouettes perfect for business and more formal occasions , chaps creates interchangeable classics that are both enduring and affordable .", "the chaps men 2019s collection is available at select department and specialty stores .", "the chaps collections for women , children and the home are available exclusively at kohl 2019s and kohls.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 continued to focus on elevating our brand by improving in-store product assortment and presentation , and improving full-price sell-throughs to consumers .", "as of the end of fiscal 2011 , our ralph lauren- branded products were sold through approximately 10000 doors worldwide and during fiscal 2011 , we invested approximately $ 35 million in related shop-within-shops primarily in domestic and international department and specialty stores .", "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 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 wholesale products are distributed primarily through shop-within-shops at premiere and top-tier department stores , and the mix of business is weighted to women 2019s blue label .", "in asia ( excluding japan and south korea ) , our wholesale products are sold at mid and top- tier department stores , and the mix of business is primarily weighted to men 2019s and women 2019s blue label .", "in asia and on a worldwide basis , products distributed through concessions-based sales arrangements are reported within our retail segment ( see 201cour retail segment 201d for further discussion ) .", "worldwide distribution channels the following table presents the number of doors by geographic location , in which ralph lauren-branded products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of april 2 , 2011 : number of location doors ." ]

[ "location the europe of number of doors is 3919 ;", "location the total of number of doors is 9955 ;" ]

[ [ "location", "number of doors" ], [ "united states and canada", "5943" ], [ "europe", "3919" ], [ "asia", "93" ], [ "total", "9955" ] ]

[ "the above table does not include orders for goods and services entered into in the normal course of business that are not enforceable or legally binding .", "item 7a .", "quantitative and qualitative disclosures about market risk .", "interest rate sensitivity our exposure to market risk for changes in interest rates relates primarily to our investment portfolio .", "the fair market value of fixed rate securities may be adversely impacted by fluctuations in interest rates while income earned on floating rate securities may decline as a result of decreases in interest rates .", "under our current policies , we do not use interest rate derivative instruments to manage exposure to interest rate changes .", "we attempt to ensure the safety and preservation of our invested principal funds by limiting default risk , market risk and reinvestment risk .", "we mitigate default risk by investing in investment grade securities .", "we have historically maintained a relatively short average maturity for our investment portfolio , and we believe a hypothetical 100 basis point adverse move in interest rates along the entire interest rate yield curve would not materially affect the fair value of our interest sensitive financial instruments .", "foreign currency exchange risk although most of our revenue is realized in u.s .", "dollars , some portions of our revenue are realized in foreign currencies .", "as a result , our financial results could be affected by factors such as changes in foreign currency exchange rates or weak economic conditions in foreign markets .", "the functional currencies of our subsidiaries are their respective local currencies .", "accordingly , the accounts of these operations are translated from the local currency to the u.s .", "dollar using the current exchange rate in effect at the balance sheet date for the balance sheet accounts , and using the average exchange rate during the period for revenue and expense accounts .", "the effects of translation are recorded in accumulated other comprehensive income as a separate component of stockholders 2019 equity. ." ]

[ "as of december 31 , 2006 , we also leased an office and laboratory facility in connecticut , additional office , distribution and storage facilities in san diego , and four foreign facilities located in japan , singapore , china and the netherlands under non-cancelable operating leases that expire at various times through july 2011 .", "these leases contain renewal options ranging from one to five years .", "as of december 31 , 2006 , our contractual obligations were ( in thousands ) : contractual obligation total less than 1 year 1 2013 3 years 1 2013 5 years more than 5 years ." ]

[ "contractual obligation the operating leases of payments due by period total is $ 37899 ; the operating leases of payments due by period less than 1 year is $ 5320 ; the operating leases of payments due by period 1 2013 3 years is $ 10410 ; the operating leases of payments due by period 1 2013 5 years is $ 9371 ; the operating leases of payments due by period more than 5 years is $ 12798 ;" ]

[ [ "contractual obligation", "payments due by period total", "payments due by period less than 1 year", "payments due by period 1 2013 3 years", "payments due by period 1 2013 5 years", "payments due by period more than 5 years" ], [ "operating leases", "$ 37899", "$ 5320", "$ 10410", "$ 9371", "$ 12798" ], [ "total", "$ 37899", "$ 5320", "$ 10410", "$ 9371", "$ 12798" ] ]

[ "the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings .", "the election has been made to mitigate accounting mismatches and to achieve operational simplifications .", "these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet .", "the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 .", "the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 .", "for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 .", "for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 .", "the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 .", "the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income .", "related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement .", "certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale .", "these loans are intended for sale or securitization and are hedged with derivative instruments .", "the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications .", "the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments .", "this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 .", "the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income .", "the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss .", "the change in fair value during 2007 due to instrument-specific credit risk was immaterial .", "related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement .", "items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) .", "in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets .", "the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis .", "in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately .", "the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets .", "for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 .", "the difference for those instruments classified as loans is immaterial .", "changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income .", "interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income .", "mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 .", "fair value for msrs is determined using an option-adjusted spread valuation approach .", "this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates .", "the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates .", "the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates .", "in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading .", "see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs .", "these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet .", "changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. ." ]

[ "the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings .", "the election has been made to mitigate accounting mismatches and to achieve operational simplifications .", "these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet .", "the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 .", "the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 .", "for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 .", "for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 .", "the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 .", "the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income .", "related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement .", "certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale .", "these loans are intended for sale or securitization and are hedged with derivative instruments .", "the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications .", "the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments .", "this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 .", "the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income .", "the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss .", "the change in fair value during 2007 due to instrument-specific credit risk was immaterial .", "related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement .", "items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) .", "in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets .", "the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis .", "in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately .", "the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets .", "for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 .", "the difference for those instruments classified as loans is immaterial .", "changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income .", "interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income .", "mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 .", "fair value for msrs is determined using an option-adjusted spread valuation approach .", "this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates .", "the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates .", "the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates .", "in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading .", "see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs .", "these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet .", "changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. ." ]

[ "in millions of dollars the carrying amount reported on the consolidated balance sheet of december 31 2008 is $ 4273 ; the carrying amount reported on the consolidated balance sheet of december 31 2007 is $ 6392 ;" ]

[ [ "in millions of dollars", "december 31 2008", "december 31 2007" ], [ "carrying amount reported on the consolidated balance sheet", "$ 4273", "$ 6392" ], [ "aggregate fair value in excess of unpaid principal balance", "$ 138", "$ 136" ], [ "balance on non-accrual loans or loans more than 90 days past due", "$ 9", "$ 17" ], [ "aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue", "$ 2", "$ 2014" ] ]

[ "the company amortizes its intangible assets over periods ranging from three to fifteen years .", "amortization of intangible assets for the years ended december 31 , 2005 and 2004 aggregated approximately $ 136.0 million and $ 97.8 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .", "the company expects to record amortization expense of approximately $ 183.6 million , $ 178.3 million , $ 174.4 million , $ 172.7 million and $ 170.3 million , for the years ended december 31 , 2006 , 2007 , 2008 , 2009 and 2010 , respectively .", "these amounts are subject to changes in estimates until the preliminary allocation of the spectrasite purchase price is finalized .", "6 .", "notes receivable in 2000 , the company loaned tv azteca , s.a .", "de c.v .", "( tv azteca ) , the owner of a major national television network in mexico , $ 119.8 million .", "the loan , which initially bore interest at 12.87% ( 12.87 % ) , payable quarterly , was discounted by the company , as the fair value interest rate at the date of the loan was determined to be 14.25% ( 14.25 % ) .", "the loan was amended effective january 1 , 2003 to increase the original interest rate to 13.11% ( 13.11 % ) .", "as of december 31 , 2005 and 2004 , approximately $ 119.8 million undiscounted ( $ 108.2 million discounted ) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets .", "the term of the loan is seventy years ; however , the loan may be prepaid by tv azteca without penalty during the last fifty years of the agreement .", "the discount on the loan is being amortized to interest income 2014tv azteca , net , using the effective interest method over the seventy-year term of the loan .", "simultaneous with the signing of the loan agreement , the company also entered into a seventy year economic rights agreement with tv azteca regarding space not used by tv azteca on approximately 190 of its broadcast towers .", "in exchange for the issuance of the below market interest rate loan discussed above and the annual payment of $ 1.5 million to tv azteca ( under the economic rights agreement ) , the company has the right to market and lease the unused tower space on the broadcast towers ( the economic rights ) .", "tv azteca retains title to these towers and is responsible for their operation and maintenance .", "the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants. ." ]

[ "american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the company has selected december 1 as the date to perform its annual impairment test .", "in performing its 2005 and 2004 testing , the company completed an internal appraisal and estimated the fair value of the rental and management reporting unit that contains goodwill utilizing future discounted cash flows and market information .", "based on the appraisals performed , the company determined that goodwill in its rental and management segment was not impaired .", "the company 2019s other intangible assets subject to amortization consist of the following as of december 31 , ( in thousands ) : ." ]

[ "the company expects to record amortization expense of approximately $ 183.6 million , $ 178.3 million , $ 174.4 million , $ 172.7 million and $ 170.3 million , for the years ended december 31 , 2006 , 2007 , 2008 , 2009 and 2010 , respectively .", "the less accumulated amortization of 2005 is -646560 ( 646560 ) ; the less accumulated amortization of 2004 is -517444 ( 517444 ) ;" ]

[ [ "", "2005", "2004" ], [ "acquired customer base and network location intangibles", "$ 2606546", "$ 1369607" ], [ "deferred financing costs", "65623", "89736" ], [ "acquired licenses and other intangibles", "51703", "43404" ], [ "total", "2723872", "1502747" ], [ "less accumulated amortization", "-646560 ( 646560 )", "-517444 ( 517444 )" ], [ "other intangible assets net", "$ 2077312", "$ 985303" ] ]

[ "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 2014 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. ." ]

[ "common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors .", "we have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations .", "in the future , we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions .", "there were no repurchases of our series a and b common stock during the three months ended december 31 , 2013 .", "the company first announced its stock repurchase program on august 3 , 2010 .", "stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc .", "class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc .", "class b common stock and the walt disney company .", "the graph assumes $ 100 originally invested on december 31 , 2008 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2009 , 2010 , 2011 , 2012 and 2013 .", "december 31 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "the disca of december 312008 is $ 100.00 ; the disca of december 312009 is $ 216.60 ; the disca of december 312010 is $ 294.49 ; the disca of december 312011 is $ 289.34 ; the disca of december 312012 is $ 448.31 ; the disca of december 312013 is $ 638.56 ;" ]

[ [ "", "december 312008", "december 312009", "december 312010", "december 312011", "december 312012", "december 312013" ], [ "disca", "$ 100.00", "$ 216.60", "$ 294.49", "$ 289.34", "$ 448.31", "$ 638.56" ], [ "discb", "$ 100.00", "$ 207.32", "$ 287.71", "$ 277.03", "$ 416.52", "$ 602.08" ], [ "disck", "$ 100.00", "$ 198.06", "$ 274.01", "$ 281.55", "$ 436.89", "$ 626.29" ], [ "s&p 500", "$ 100.00", "$ 123.45", "$ 139.23", "$ 139.23", "$ 157.90", "$ 204.63" ], [ "peer group", "$ 100.00", "$ 151.63", "$ 181.00", "$ 208.91", "$ 286.74", "$ 454.87" ] ]

[ "none of the intangibles has significant residual value .", "we are amortizing the customer relationship intangibles over estimated useful lives ranging from 13 to 16 years based on a straight-line basis because the amortization pattern was not reliably determinable .", "star pizza acquisition on march 13 , 2017 , we completed the star pizza acquisition .", "the transaction provided us with a leadership position in the fast growing small-run pizza box market and increases our vertical integration .", "the purchase price was $ 34.6 million , net of a $ 0.7 million working capital settlement .", "we have fully integrated the approximately 22000 tons of containerboard used by star pizza annually .", "we have included the financial results of the acquired assets since the date of the acquisition in our corrugated packaging segment .", "the purchase price allocation for the acquisition primarily included $ 24.8 million of customer relationship intangible assets and $ 2.2 million of goodwill .", "we are amortizing the customer relationship intangibles over 10 years based on a straight-line basis because the amortization pattern was not reliably determinable .", "the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force .", "the goodwill and intangibles are amortizable for income tax purposes .", "packaging acquisition on january 19 , 2016 , we completed the packaging acquisition .", "the entities acquired provide value-added folding carton and litho-laminated display packaging solutions .", "the purchase price was $ 94.1 million , net of cash received of $ 1.7 million , a working capital settlement and a $ 3.5 million escrow receipt in the first quarter of fiscal 2017 .", "the transaction is subject to an election under section 338 ( h ) ( 10 ) of the code that increases the u.s .", "tax basis in the acquired u.s .", "entities .", "we believe the transaction has provided us with attractive and complementary customers , markets and facilities .", "we have included the financial results of the acquired entities since the date of the acquisition in our consumer packaging segment .", "the purchase price allocation for the acquisition primarily included $ 55.0 million of property , plant and equipment , $ 10.5 million of customer relationship intangible assets , $ 9.3 million of goodwill and $ 25.8 million of liabilities , including $ 1.3 million of debt .", "we are amortizing the customer relationship intangibles over estimated useful lives ranging from 9 to 15 years based on a straight-line basis because the amortization pattern was not reliably determinable .", "the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force .", "the goodwill and intangibles of the u.s .", "entities are amortizable for income tax purposes .", "sp fiber on october 1 , 2015 , we completed the sp fiber acquisition in a stock purchase .", "the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper .", "the newberg mill also produced newsprint .", "as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in gps .", "gps is a joint venture providing steam to the dublin mill and electricity to georgia power .", "the purchase price was $ 278.8 million , net of cash received of $ 9.2 million and a working capital ." ]

[ "westrock company notes to consolidated financial statements fffd ( continued ) the following table summarizes the weighted average life and the allocation to intangible assets recognized in the mps acquisition , excluding goodwill ( in millions ) : weighted avg .", "amounts recognized as the acquisition ." ]

[ "the purchase price was $ 34.6 million , net of a $ 0.7 million working capital settlement .", "the purchase price allocation for the acquisition primarily included $ 24.8 million of customer relationship intangible assets and $ 2.2 million of goodwill ." ]

[ [ "", "weighted avg.life", "amountsrecognized as ofthe acquisitiondate" ], [ "customer relationships", "14.6", "$ 1008.7" ], [ "trademarks and tradenames", "3.0", "15.2" ], [ "photo library", "10.0", "2.5" ], [ "total", "14.4", "$ 1026.4" ] ]

[ "2012 compared to 2011 mst 2019s net sales for 2012 increased $ 447 million , or 6% ( 6 % ) , compared to 2011 .", "the increase in net sales for 2012 was attributable to higher volume and risk retirements of approximately $ 395 million from ship and aviation system programs ( primarily ptds ; lcs ; vls ; and mh-60 ) ; about $ 115 million for training and logistics solutions programs primarily due to net sales from sim industries , which was acquired in the fourth quarter of 2011 ; and approximately $ 30 million as a result of increased volume on integrated warfare systems and sensors programs ( primarily aegis ) .", "partially offsetting the increases were lower net sales of approximately $ 70 million from undersea systems programs due to lower volume on an international combat system program and towed array systems ; and about $ 25 million due to lower volume on various other programs .", "mst 2019s operating profit for 2012 increased $ 92 million , or 14% ( 14 % ) , compared to 2011 .", "the increase was attributable to higher operating profit of approximately $ 175 million from ship and aviation system programs , which reflects higher volume and risk retirements on certain programs ( primarily vls ; ptds ; mh-60 ; and lcs ) and reserves of about $ 55 million for contract cost matters on ship and aviation system programs recorded in the fourth quarter of 2011 ( including the terminated presidential helicopter program ) .", "partially offsetting the increase was lower operating profit of approximately $ 40 million from undersea systems programs due to reduced profit booking rates on certain programs and lower volume on an international combat system program and towed array systems ; and about $ 40 million due to lower volume on various other programs .", "adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 150 million higher for 2012 compared to 2011. ." ]

[ "2011 compared to 2010 mfc 2019s net sales for 2011 increased $ 533 million , or 8% ( 8 % ) , compared to 2010 .", "the increase was attributable to higher volume of about $ 420 million on air and missile defense programs ( primarily pac-3 and thaad ) ; and about $ 245 million from fire control systems programs primarily related to the sof clss program , which began late in the third quarter of 2010 .", "partially offsetting these increases were lower net sales due to decreased volume of approximately $ 75 million primarily from various services programs and approximately $ 20 million from tactical missile programs ( primarily mlrs and jassm ) .", "mfc 2019s operating profit for 2011 increased $ 96 million , or 10% ( 10 % ) , compared to 2010 .", "the increase was attributable to higher operating profit of about $ 60 million for air and missile defense programs ( primarily pac-3 and thaad ) as a result of increased volume and retirement of risks ; and approximately $ 25 million for various services programs .", "adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 35 million higher in 2011 compared to 2010 .", "backlog backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs .", "backlog increased in 2011 compared to 2010 primarily due to increased orders on air and missile defense programs ( primarily thaad ) .", "trends we expect mfc 2019s net sales for 2013 will be comparable with 2012 .", "we expect low double digit percentage growth in air and missile defense programs , offset by an expected decline in volume on logistics services programs .", "operating profit and margin are expected to be comparable with 2012 results .", "mission systems and training our mst business segment provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems .", "mst 2019s major programs include aegis , mk-41 vertical launching system ( vls ) , tpq-53 radar system , mh-60 , lcs , and ptds .", "mst 2019s operating results included the following ( in millions ) : ." ]

[ "the operating profit of 2012 is 737 ; the operating profit of 2011 is 645 ; the operating profit of 2010 is 713 ;" ]

[ [ "", "2012", "2011", "2010" ], [ "net sales", "$ 7579", "$ 7132", "$ 7443" ], [ "operating profit", "737", "645", "713" ], [ "operating margins", "9.7% ( 9.7 % )", "9.0% ( 9.0 % )", "9.6% ( 9.6 % )" ], [ "backlog at year-end", "10700", "10500", "10600" ] ]

[ "." ]

[ "pollutants discharged to waters of the united states and remediation of waters affected by such discharge .", "to our knowledge , we are in compliance with all material requirements associated with the various regulations .", "the united states congress is actively considering legislation to reduce emissions of greenhouse gases , including carbon dioxide and methane .", "in addition , state and regional initiatives to regulate greenhouse gas emissions are underway .", "we are monitoring federal and state legislation to assess the potential impact on our operations .", "our most recent calculation of direct greenhouse gas emissions for oneok and oneok partners is estimated to be less than 6 million metric tons of carbon dioxide equivalents on an annual basis .", "we will continue efforts to quantify our direct greenhouse gas emissions and will report such emissions as required by any mandatory reporting rule , including the rules anticipated to be issued by the epa in mid-2009 .", "superfund - the comprehensive environmental response , compensation and liability act , also known as cercla or superfund , imposes liability , without regard to fault or the legality of the original act , on certain classes of persons who contributed to the release of a hazardous substance into the environment .", "these persons include the owner or operator of a facility where the release occurred and companies that disposed or arranged for the disposal of the hazardous substances found at the facility .", "under cercla , these persons may be liable for the costs of cleaning up the hazardous substances released into the environment , damages to natural resources and the costs of certain health studies .", "chemical site security - the united states department of homeland security ( homeland security ) released an interim rule in april 2007 that requires companies to provide reports on sites where certain chemicals , including many hydrocarbon products , are stored .", "we completed the homeland security assessments and our facilities were subsequently assigned to one of four risk-based tiers ranging from high ( tier 1 ) to low ( tier 4 ) risk , or not tiered at all due to low risk .", "a majority of our facilities were not tiered .", "we are waiting for homeland security 2019s analysis to determine if any of the tiered facilities will require site security plans and possible physical security enhancements .", "climate change - our environmental and climate change strategy focuses on taking steps to minimize the impact of our operations on the environment .", "these strategies include : ( i ) developing and maintaining an accurate greenhouse gas emissions inventory , according to rules anticipated to be issued by the epa in mid-2009 ; ( ii ) improving the efficiency of our various pipelines , natural gas processing facilities and natural gas liquids fractionation facilities ; ( iii ) following developing technologies for emission control ; ( iv ) following developing technologies to capture carbon dioxide to keep it from reaching the atmosphere ; and ( v ) analyzing options for future energy investment .", "currently , certain subsidiaries of oneok partners participate in the processing and transmission sectors and ldcs in our distribution segment participate in the distribution sector of the epa 2019s natural gas star program to voluntarily reduce methane emissions .", "a subsidiary in our oneok partners 2019 segment was honored in 2008 as the 201cnatural gas star gathering and processing partner of the year 201d for its efforts to positively address environmental issues through voluntary implementation of emission-reduction opportunities .", "in addition , we continue to focus on maintaining low rates of lost-and- unaccounted-for methane gas through expanded implementation of best practices to limit the release of methane during pipeline and facility maintenance and operations .", "our most recent calculation of our annual lost-and-unaccounted-for natural gas , for all of our business operations , is less than 1 percent of total throughput .", "employees we employed 4742 people at january 31 , 2009 , including 739 people employed by kansas gas service , who were subject to collective bargaining contracts .", "the following table sets forth our contracts with collective bargaining units at january 31 , employees contract expires ." ]

[ "union the international brotherhood of electrical workers of employees is 312 ; the international brotherhood of electrical workers of contract expires is june 30 2010 ;", "employees we employed 4742 people at january 31 , 2009 , including 739 people employed by kansas gas service , who were subject to collective bargaining contracts ." ]

[ [ "union", "employees", "contract expires" ], [ "united steelworkers of america", "414", "june 30 2009" ], [ "international union of operating engineers", "13", "june 30 2009" ], [ "international brotherhood of electrical workers", "312", "june 30 2010" ] ]

[ "money pool activity used $ 81.9 million of entergy louisiana's operating cash flow in 2004 , provided $ 60.2 million in 2003 , and used $ 15.0 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 the decrease of $ 25.1 million in net cash used by investing activities in 2004 was primarily due to decreased spending on customer service projects , partially offset by increases in spending on transmission projects and fossil plant projects .", "the increase of $ 56.0 million in net cash used by investing activities in 2003 was primarily due to increased spending on customer service , transmission , and nuclear projects .", "financing activities the decrease of $ 404.4 million in net cash used by financing activities in 2004 was primarily due to : 2022 the net issuance of $ 98.0 million of long-term debt in 2004 compared to the retirement of $ 261.0 million in 2022 a principal payment of $ 14.8 million in 2004 for the waterford lease obligation compared to a principal payment of $ 35.4 million in 2003 ; and 2022 a decrease of $ 29.0 million in common stock dividends paid .", "the decrease of $ 105.5 million in net cash used by financing activities in 2003 was primarily due to : 2022 a decrease of $ 125.9 million in common stock dividends paid ; and 2022 the repurchase of $ 120 million of common stock from entergy corporation in 2002 .", "the decrease in net cash used in 2003 was partially offset by the following : 2022 the retirement in 2003 of $ 150 million of 8.5% ( 8.5 % ) series first mortgage bonds compared to the net retirement of $ 134.6 million of first mortgage bonds in 2002 ; and 2022 principal payments of $ 35.4 million in 2003 for the waterford 3 lease obligation compared to principal payments of $ 15.9 million in 2002 .", "see note 5 to the domestic utility companies and system energy financial statements for details of long-term debt .", "uses of capital entergy louisiana 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. ." ]

[ "entergy louisiana , inc .", "management's financial discussion and analysis setting any of entergy louisiana's rates .", "therefore , to the extent entergy louisiana's use of the proceeds would ordinarily have reduced its rate base , no change in rate base shall be reflected for ratemaking purposes .", "the sec approval for additional return of equity capital is now expired .", "entergy louisiana's receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: ." ]

[ "2004 the $ 40549 of 2003 is ( $ 41317 ) ; the $ 40549 of 2002 is $ 18854 ; the $ 40549 of 2001 is $ 3812 ;" ]

[ [ "2004", "2003", "2002", "2001" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 40549", "( $ 41317 )", "$ 18854", "$ 3812" ] ]

[ "on february 10 , 2015 , we announced that our board of directors declared a quarterly cash dividend on our common stock of $ 0.0675 per share .", "the dividend will be paid on march 10 , 2015 to all stockholders of record as of the close of business on february 25 , 2015 .", "the payment of any future dividends will be at the discretion of our board of directors and will depend upon our results of operations , financial condition , business prospects , capital requirements , contractual restrictions , any potential indebtedness we may incur , restrictions imposed by applicable law , tax considerations and other factors that our board of directors deems relevant .", "in addition , our ability to pay dividends on our common stock will be limited by restrictions on our ability to pay dividends or make distributions to our stockholders and on the ability of our subsidiaries to pay dividends or make distributions to us , in each case , under the terms of our current and any future agreements governing our indebtedness .", "table of contents ." ]

[ "overview we finance our operations and capital expenditures through a combination of internally generated cash from operations and from borrowings under our senior secured asset-based revolving credit facility .", "we believe that our current sources of funds will be sufficient to fund our cash operating requirements for the next year .", "in addition , we believe that , in spite of the uncertainty of future macroeconomic conditions , we have adequate sources of liquidity and funding available to meet our longer-term needs .", "however , there are a number of factors that may negatively impact our available sources of funds .", "the amount of cash generated from operations will be dependent upon factors such as the successful execution of our business plan and general economic conditions .", "long-term debt activities during the year ended december 31 , 2014 , we had significant debt refinancings .", "in connection with these refinancings , we recorded a loss on extinguishment of long-term debt of $ 90.7 million in our consolidated statement of operations for the year ended december 31 , 2014 .", "see note 7 to the accompanying audited consolidated financial statements included elsewhere in this report for additional details .", "share repurchase program on november 6 , 2014 , we announced that our board of directors approved a $ 500 million share repurchase program effective immediately under which we may repurchase shares of our common stock in the open market or through privately negotiated transactions , depending on share price , market conditions and other factors .", "the share repurchase program does not obligate us to repurchase any dollar amount or number of shares , and repurchases may be commenced or suspended from time to time without prior notice .", "as of the date of this filing , no shares have been repurchased under the share repurchase program .", "dividends a summary of 2014 dividend activity for our common stock is shown below: ." ]

[ "dividend amount the $ 0.0425 of declaration date is may 8 2014 ; the $ 0.0425 of record date is may 27 2014 ; the $ 0.0425 of payment date is june 10 2014 ;" ]

[ [ "dividend amount", "declaration date", "record date", "payment date" ], [ "$ 0.0425", "february 12 2014", "february 25 2014", "march 10 2014" ], [ "$ 0.0425", "may 8 2014", "may 27 2014", "june 10 2014" ], [ "$ 0.0425", "july 31 2014", "august 25 2014", "september 10 2014" ], [ "$ 0.0675", "november 6 2014", "november 25 2014", "december 10 2014" ] ]

[ "dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders .", "because depreciation is a non-cash expense , cash flow will typically be greater than operating income .", "we paid dividends per share of $ 1.93 , $ 1.91 and $ 1.89 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .", "we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status .", "however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . in january 2009 , our board of directors resolved to decrease our annual dividend from $ 1.94 per share to $ 1.00 per share in order to retain additional cash to help meet our capital needs .", "we anticipate retaining additional cash of approximately $ 145.2 million per year , when compared to an annual dividend of $ 1.94 per share , as the result of this action .", "at december 31 , 2008 we had six series of preferred shares outstanding .", "the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 8.375% ( 8.375 % ) and are paid in arrears quarterly. ." ]

[ "customary conditions .", "we will retain a 20% ( 20 % ) equity interest in the joint venture .", "as of december 31 , 2008 , the joint venture has acquired seven properties from us and we received year-to-date net sale proceeds and financing distributions of approximately $ 251.6 million .", "in january 2008 , we sold a tract of land to an unconsolidated joint venture in which we hold a 50% ( 50 % ) equity interest and received a distribution , commensurate to our partner 2019s 50% ( 50 % ) ownership interest , of approximately $ 38.3 million .", "in november 2008 , that unconsolidated joint venture entered a loan agreement with a consortium of banks and distributed a portion of the loan proceeds to us and our partner , with our share of the distribution totaling $ 20.4 million .", "uses of liquidity our principal uses of liquidity include the following : 2022 property investment ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; 2022 opportunistic repurchases of outstanding debt ; and 2022 other contractual obligations .", "property investment we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential .", "our ability to make future property investments is dependent upon our continued access to our longer-term sources of liquidity including the issuances of debt or equity securities as well as disposing of selected properties .", "in light of current economic conditions , management continues to evaluate our investment priorities and we are limiting new development expenditures .", "recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments .", "the following is a summary of our recurring capital expenditures for the years ended december 31 , 2008 , 2007 and 2006 , respectively ( in thousands ) : ." ]

[ "the totals of 2008 is $ 74814 ; the totals of 2007 is $ 85936 ; the totals of 2006 is $ 83000 ;" ]

[ [ "", "2008", "2007", "2006" ], [ "recurring tenant improvements", "$ 36885", "$ 45296", "$ 41895" ], [ "recurring leasing costs", "28205", "32238", "32983" ], [ "building improvements", "9724", "8402", "8122" ], [ "totals", "$ 74814", "$ 85936", "$ 83000" ] ]

[ "." ]

[ "\"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: ." ]

[ "( $ in millions except per share amounts ) the operating income ( loss ) of year ended december 31 2013 1st qtr is 95 ; the operating income ( loss ) of year ended december 31 2013 2nd qtr is 116 ; the operating income ( loss ) of year ended december 31 2013 3rd qtr is 127 ; the operating income ( loss ) of year ended december 31 2013 4th qtr is 174 ;", "( $ in millions except per share amounts ) the sales and service revenues of year ended december 31 2013 1st qtr is $ 1562 ; the sales and service revenues of year ended december 31 2013 2nd qtr is $ 1683 ; the sales and service revenues of year ended december 31 2013 3rd qtr is $ 1637 ; the sales and service revenues of year ended december 31 2013 4th qtr is $ 1938 ;" ]

[ [ "( $ 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" ] ]

[ "." ]

[ "federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) ." ]

[ "balance december 31 2006 the additions during period 2014depreciation and amortization expense of $ 740507 is 96454 ;", "balance december 31 2006 the additions during period 2014depreciation and amortization expense of $ 740507 is 101321 ;", "balance december 31 2006 the additions during period 2014depreciation and amortization expense of $ 740507 is 103.698 ;" ]

[ [ "balance december 31 2006", "$ 740507" ], [ "additions during period 2014depreciation and amortization expense", "96454" ], [ "deductions during period 2014disposition and retirements of property", "-80258 ( 80258 )" ], [ "balance december 31 2007", "756703" ], [ "additions during period 2014depreciation and amortization expense", "101321" ], [ "deductions during period 2014disposition and retirements of property", "-11766 ( 11766 )" ], [ "balance december 31 2008", "846258" ], [ "additions during period 2014depreciation and amortization expense", "103.698" ], [ "deductions during period 2014disposition and retirements of property", "-11869 ( 11869 )" ], [ "balance december 31 2009", "$ 938087" ] ]

[ "this segment represents a portion of alcoa 2019s downstream operations and 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 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 mostly the u.s .", "dollar , the euro , and the brazilian real .", "third-party sales for the transportation and construction solutions 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 .", "third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .", "atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .", "these negative impacts were mostly offset by net productivity improvements across all businesses .", "atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .", "in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .", "also , north america build rates in the commercial ." ]

[ "third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .", "the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .", "atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .", "these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .", "atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .", "also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .", "additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .", "transportation and construction solutions ." ]

[ "the atoi of 2015 is $ 166 ; the atoi of 2014 is $ 180 ; the atoi of 2013 is $ 167 ;", "atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor ." ]

[ [ "", "2015", "2014", "2013" ], [ "third-party sales", "$ 1882", "$ 2021", "$ 1951" ], [ "atoi", "$ 166", "$ 180", "$ 167" ] ]

[ "." ]

[ "do so , cme invests such contributions in assets that mirror the assumed investment choices .", "the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 38.7 million and $ 31.8 million at december 31 , 2012 and 2011 respectively .", "although the value of the plans is recorded as an asset in marketable securities in the consolidated balance sheets , there is an equal and offsetting liability .", "the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense .", "supplemental savings plan .", "cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan .", "employees in this plan are subject to the vesting requirements of the underlying qualified plans .", "deferred compensation plan .", "a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution .", "comex members 2019 retirement plan and benefits .", "comex maintains a retirement and benefit plan under the comex members 2019 recognition and retention plan ( mrrp ) .", "this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 .", "no new participants were permitted into the plan after the date of this acquisition .", "under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.8 million until it is fully funded .", "all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits .", "total contributions to the plan were $ 0.8 million for each of 2010 through 2012 .", "at december 31 , 2012 and 2011 , the obligation for the mrrp totaled $ 22.7 million and $ 21.6 million , respectively .", "assets with a fair value of $ 18.4 million and $ 17.7 million have been allocated to this plan at december 31 , 2012 and 2011 , respectively , and are included in marketable securities and cash and cash equivalents in the consolidated balance sheets .", "the balances in these plans are subject to the claims of general creditors of comex .", "13 .", "commitments operating leases .", "cme group has entered into various non-cancellable operating lease agreements , with the most significant being as follows : 2022 in april 2012 , the company sold two buildings in chicago at 141 w .", "jackson and leased back a portion of the property .", "the operating lease , which has an initial lease term ending on april 30 , 2027 , contains four consecutive renewal options for five years .", "2022 in january 2011 , the company entered into an operating lease for office space in london .", "the initial lease term , which became effective on january 20 , 2011 , terminates on march 24 , 2026 , with an option to terminate without penalty in january 2021 .", "2022 in july 2008 , the company renegotiated the operating lease for its headquarters at 20 south wacker drive in chicago .", "the lease , which has an initial term ending on november 30 , 2022 , contains two consecutive renewal options for seven and ten years and a contraction option which allows the company to reduce its occupied space after november 30 , 2018 .", "in addition , the company may exercise a lease expansion option in december 2017 .", "2022 in august 2006 , the company entered into an operating lease for additional office space in chicago .", "the initial lease term , which became effective on august 10 , 2006 , terminates on november 30 , 2023 .", "the lease contains two 5-year renewal options beginning in 2023 .", "at december 31 , 2012 , future minimum payments under non-cancellable operating leases were payable as follows ( in millions ) : ." ]

[ "at december 31 , 2012 and 2011 , the obligation for the mrrp totaled $ 22.7 million and $ 21.6 million , respectively ." ]

[ [ "2013", "$ 28.7" ], [ "2014", "29.1" ], [ "2015", "28.9" ], [ "2016", "28.9" ], [ "2017", "29.3" ], [ "thereafter", "152.9" ], [ "total", "$ 297.8" ] ]

[ "note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations .", "benefits under the plans are based on the employee 2019s years of service and compensation .", "the pension plans have been closed for most employees hired on or after january 1 , 2006 .", "union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement .", "union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan .", "the company does not participate in a multiemployer plan .", "the company 2019s funding policy is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost , and an additional contribution if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 .", "the company may also increase its contributions , if appropriate , to its tax and cash position and the plan 2019s funded position .", "pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities and guaranteed interest contracts with insurance companies .", "pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans .", "( see note 6 ) the company also has several unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees .", "the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees .", "the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 .", "the plans had previously closed for non-union employees hired on or after january 1 , 2002 .", "the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes .", "plan assets are invested in equity and bond mutual funds , fixed income securities , real estate investment trusts ( 201creits 201d ) and emerging market funds .", "the obligations of the plans are dominated by obligations for active employees .", "because the timing of expected benefit payments is so far in the future and the size of the plan assets are small relative to the company 2019s assets , the investment strategy is to allocate a significant percentage of assets to equities , which the company believes will provide the highest return over the long-term period .", "the fixed income assets are invested in long duration debt securities and may be invested in fixed income instruments , such as futures and options in order to better match the duration of the plan liability. ." ]

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

[ "balance at january 1 2010 the balance at december 31 2012 of $ 25621 is $ 19520 ;" ]

[ [ "balance at january 1 2010", "$ 25621" ], [ "increases in current period tax positions", "907" ], [ "decreases in current period tax positions", "-2740 ( 2740 )" ], [ "balance at december 31 2010", "$ 23788" ], [ "increases in current period tax positions", "1525" ], [ "decreases in current period tax positions", "-3734 ( 3734 )" ], [ "balance at december 31 2011", "$ 21579" ], [ "increases in current period tax positions", "0" ], [ "decreases in current period tax positions", "-2059 ( 2059 )" ], [ "balance at december 31 2012", "$ 19520" ] ]

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

[ "pension expense ." ]

[ "the pension expense including special items noted below of 2019 is $ 27.6 ; the pension expense including special items noted below of 2018 is $ 91.8 ;" ]

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

[ "( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .", "each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .", "the total value of this deemed claim was approximately $ 1.7 billion .", "( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .", "the debtors recorded an estimated claim associated with the rejection or modification of a financing ." ]

[ "table of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison .", "interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 .", "( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations .", "in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes .", "in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs .", "( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 .", "other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness .", "the foreign currency losses were driven primarily by the strengthening of the u.s .", "dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real .", "other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million .", "reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases .", "the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : ." ]

[ "the labor-related deemed claim ( 1 ) of 2013 is $ 1733 ;", "the total reorganization items net of 2013 is $ 2655 ;" ]

[ [ "", "2013" ], [ "labor-related deemed claim ( 1 )", "$ 1733" ], [ "aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )", "325" ], [ "fair value of conversion discount ( 4 )", "218" ], [ "professional fees", "199" ], [ "other", "180" ], [ "total reorganization items net", "$ 2655" ] ]

[ "the engineered products and solutions segment produces products that are used primarily in the aerospace ( commercial and defense ) , commercial transportation , and power generation end markets .", "such products include fastening systems ( titanium , steel , and nickel superalloys ) and seamless rolled rings ( mostly nickel superalloys ) ; investment castings ( nickel superalloys , titanium , and aluminum ) , including airfoils and forged jet engine components ( e.g. , jet engine disks ) , and extruded , machined and formed aircraft parts ( titanium and aluminum ) , all of which are sold directly to customers and through distributors .", "more than 75% ( 75 % ) of the third-party sales in this segment are from the aerospace end market .", "a small part of this segment also produces various forged , extruded , and machined metal products ( titanium , aluminum and steel ) for the oil and gas , industrial products , automotive , and land and sea defense end markets .", "seasonal decreases in sales are generally experienced in the third quarter of the year due to the european summer slowdown across all end markets .", "generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .", "dollar , british pound and the euro .", "in july 2015 , arconic completed the acquisition of rti , a global supplier of titanium and specialty metal products and services for the commercial aerospace , defense , energy , and medical device end markets .", "the purpose of the acquisition was to expand arconic 2019s range of titanium offerings and add advanced technologies and materials , primarily related to the aerospace end market .", "in 2014 , rti generated net sales of $ 794 and had approximately 2600 employees .", "the operating results and assets and liabilities of rti have been included within the engineered products and solutions segment since the date of acquisition .", "in march 2015 , arconic completed the acquisition of tital , a privately held aerospace castings company with approximately 650 employees based in germany .", "tital produces aluminum and titanium investment casting products for the aerospace and defense end markets .", "in 2014 , tital generated sales of approximately $ 100 .", "the purpose of the acquisition was to capture increasing demand for advanced jet engine components made of titanium , establish titanium- casting capabilities in europe , and expand existing aluminum casting capacity .", "the operating results and assets and liabilities of tital have been included within the engineered products and solutions segment since the date of acquisition .", "in november 2014 , arconic completed the acquisition of firth rixson , a global leader in aerospace jet engine components .", "firth rixson manufactures rings , forgings , and metal products for the aerospace end market , as well as other markets requiring highly-engineered material applications .", "the purpose of the acquisition was to strengthen arconic 2019s aerospace business and position the company to capture additional aerospace growth with a broader range of high-growth , value-add jet engine components .", "firth rixson generated sales of approximately $ 970 in 2014 and had 13 operating facilities in the united states , united kingdom , europe , and asia employing approximately 2400 people combined .", "the operating results and assets and liabilities of firth rixson have been included within the engineered products and solutions segment since the date of acquisition. ." ]

[ "december 31 , 2018 .", "alcoa corporation will supply all required raw materials to arconic and arconic will process the raw materials into finished can sheet coils ready for shipment to the end customer .", "tolling revenue for the two months ended december 31 , 2016 was approximately $ 37 million .", "in 2017 , demand in the automotive end market is expected to continue to grow due to the growing demand for innovative products and aluminum-intensive vehicles .", "demand from the commercial airframe end market is expected to be flat in 2017 as the ramp up of new programs is offset by customer destocking and lower build rates for aluminum intensive wide-body programs .", "sales to the packaging market are expected to decline due to continuing pricing pressure within this market and the ramp-down of the north american packaging operations .", "net productivity improvements are anticipated to continue .", "engineered products and solutions ." ]

[ "in 2014 , tital generated sales of approximately $ 100 .", "firth rixson generated sales of approximately $ 970 in 2014 and had 13 operating facilities in the united states , united kingdom , europe , and asia employing approximately 2400 people combined ." ]

[ [ "", "2016", "2015", "2014" ], [ "third-party sales", "$ 5728", "$ 5342", "$ 4217" ], [ "atoi", "$ 642", "$ 595", "$ 579" ] ]

[ "." ]

[ "individual loan before being modified as a tdr in the discounted cash flow analysis in order to determine that specific loan 2019s expected impairment .", "specifically , a loan that has a more severe delinquency history prior to modification will have a higher future default rate in the discounted cash flow analysis than a loan that was not as severely delinquent .", "for both of the one- to four-family and home equity loan portfolio segments , the pre- modification delinquency status , the borrower 2019s current credit score and other credit bureau attributes , in addition to each loan 2019s individual default experience and credit characteristics , are incorporated into the calculation of the specific allowance .", "a specific allowance is established to the extent that the recorded investment exceeds the discounted cash flows of a tdr with a corresponding charge to provision for loan losses .", "the specific allowance for these individually impaired loans represents the forecasted losses over the estimated remaining life of the loan , including the economic concession to the borrower .", "effects if actual results differ historic volatility in the credit markets has substantially increased the complexity and uncertainty involved in estimating the losses inherent in the loan portfolio .", "in the current market it is difficult to estimate how potential changes in the quantitative and qualitative factors , including the impact of home equity lines of credit converting from interest only to amortizing loans or requiring borrowers to repay the loan in full at the end of the draw period , might impact the allowance for loan losses .", "if our underlying assumptions and judgments prove to be inaccurate , the allowance for loan losses could be insufficient to cover actual losses .", "we may be required under such circumstances to further increase the provision for loan losses , which could have an adverse effect on the regulatory capital position and results of operations in future periods .", "during the normal course of conducting examinations , our banking regulators , the occ and federal reserve , continue to review our business and practices .", "this process is dynamic and ongoing and we cannot be certain that additional changes or actions will not result from their continuing review .", "valuation of goodwill and other intangible assets description goodwill and other intangible assets are evaluated for impairment on an annual basis as of november 30 and in interim periods when events or changes indicate the carrying value may not be recoverable , such as a significant deterioration in the operating environment or a decision to sell or dispose of a reporting unit .", "goodwill and other intangible assets net of amortization were $ 1.8 billion and $ 0.2 billion , respectively , at december 31 , 2013 .", "judgments goodwill is allocated to reporting units , which are components of the business that are one level below operating segments .", "reporting units are evaluated for impairment individually during the annual assessment .", "estimating the fair value of reporting units and the assets , liabilities and intangible assets of a reporting unit is a subjective process that involves the use of estimates and judgments , particularly related to cash flows , the appropriate discount rates and an applicable control premium .", "management judgment is required to assess whether the carrying value of the reporting unit can be supported by the fair value of the individual reporting unit .", "there are various valuation methodologies , such as the market approach or discounted cash flow methods , that may be used to estimate the fair value of reporting units .", "in applying these methodologies , we utilize a number of factors , including actual operating results , future business plans , economic projections , and market data .", "the following table shows the comparative data for the amount of goodwill allocated to our reporting units ( dollars in millions ) : ." ]

[ "reporting unit the market making of december 31 , 2013 is 2014 ; the market making of december 31 , 2012 is 142.4 ;", "reporting unit the total goodwill of december 31 , 2013 is $ 1791.8 ; the total goodwill of december 31 , 2012 is $ 1934.2 ;" ]

[ [ "reporting unit", "december 31 , 2013", "december 31 , 2012" ], [ "retail brokerage", "$ 1791.8", "$ 1791.8" ], [ "market making", "2014", "142.4" ], [ "total goodwill", "$ 1791.8", "$ 1934.2" ] ]

[ "item 13 .", "certain relationships and related transactions the information required by item 13 appearing under the caption 201cratification of the appointment of independent registered public accounting firm , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference .", "item 14 .", "principal accountant fees and services the information required by item 14 appearing under the caption 201ccertain committees of the board , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference. ." ]

[ "page 92 of 98 other information required by item 10 appearing under the caption 201cdirector nominees and continuing directors 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d of the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference .", "item 11 .", "executive compensation the information required by item 11 appearing under the caption 201cexecutive compensation 201d in the company 2019s proxy statement , to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference .", "additionally , the ball corporation 2000 deferred compensation company stock plan , the ball corporation deposit share program and the ball corporation directors deposit share program were created to encourage key executives and other participants to acquire a larger equity ownership interest in the company and to increase their interest in the company 2019s stock performance .", "non-employee directors also participate in the 2000 deferred compensation company stock plan .", "item 12 .", "security ownership of certain beneficial owners and management the information required by item 12 appearing under the caption 201cvoting securities and principal shareholders , 201d in the company 2019s proxy statement to be filed pursuant to regulation 14a within 120 days after december 31 , 2006 , is incorporated herein by reference .", "securities authorized for issuance under equity compensation plans are summarized below: ." ]

[ "plan category the equity compensation plans approved by security holders of equity compensation plan information number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) is 4852978 ; the equity compensation plans approved by security holders of equity compensation plan information weighted-average exercise price of outstanding options warrants and rights ( b ) is $ 26.69 ; the equity compensation plans approved by security holders of equity compensation plan information number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) is 5941210 ;" ]

[ [ "plan category", "equity compensation plan information number of securities to be issued upon exercise of outstanding options warrants and rights ( a )", "equity compensation plan information weighted-average exercise price of outstanding options warrants and rights ( b )", "equity compensation plan information number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )" ], [ "equity compensation plans approved by security holders", "4852978", "$ 26.69", "5941210" ], [ "equity compensation plans not approved by security holders", "2013", "2013", "2013" ], [ "total", "4852978", "$ 26.69", "5941210" ] ]

[ "as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2016 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 .", "the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. ." ]

[ "entergy corporation and subsidiaries management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase of 1402 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage and the effect of more favorable weather .", "the increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers , partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers .", "the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project .", "see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding .", "the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc .", "the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses .", "see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges .", "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 ) .", "see note 2 to the financial statements for further discussion of the business combination and customer credits .", "entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 .", "amount ( in millions ) ." ]

[ "the 2014 net revenue of amount ( in millions ) is $ 2224 ;", "the 2015 net revenue of amount ( in millions ) is $ 1666 ;" ]

[ [ "", "amount ( in millions )" ], [ "2014 net revenue", "$ 2224" ], [ "nuclear realized price changes", "-310 ( 310 )" ], [ "vermont yankee shutdown in december 2014", "-305 ( 305 )" ], [ "nuclear volume excluding vermont yankee effect", "20" ], [ "other", "37" ], [ "2015 net revenue", "$ 1666" ] ]

[ "the company is under continuous examination by the irs and other tax authorities in certain countries , such as japan and the u.k. , and in states in which the company has significant business operations , such as new york .", "the company is currently under review by the irs appeals office for the remaining issues covering tax years 1999 2013 2005 .", "also , the company is currently at various levels of field examination with respect to audits by the irs , as well as new york state and new york city , for tax years 2006 2013 2008 and 2007 2013 2009 , respectively .", "during 2014 , the company expects to reach a conclusion with the u.k .", "tax authorities on substantially all issues through tax year 2010 .", "the company believes that the resolution of tax matters will not have a material effect on the consolidated statements of financial condition of the company , although a resolution could have a material impact on the company 2019s consolidated statements of income for a particular future period and on the company 2019s effective income tax rate for any period in which such resolution occurs .", "the company has established a liability for unrecognized tax benefits that the company believes is adequate in relation to the potential for additional assessments .", "once established , the company adjusts unrecognized tax benefits only when more information is available or when an event occurs necessitating a change .", "the company periodically evaluates the likelihood of assessments in each taxing jurisdiction resulting from the expiration of the applicable statute of limitations or new information regarding the status of current and subsequent years 2019 examinations .", "as part of the company 2019s periodic review , federal and state unrecognized tax benefits were released or remeasured .", "as a result of this remeasurement , the income tax provision included a discrete tax benefit of $ 161 million and $ 299 million in 2013 and 2012 , respectively .", "it is reasonably possible that the gross balance of unrecognized tax benefits of approximately $ 4.1 billion as of december 31 , 2013 may decrease significantly within the next 12 months due to an expected completion of the ." ]

[ "morgan stanley notes to consolidated financial statements 2014 ( continued ) the following table presents a reconciliation of the beginning and ending amount of unrecognized tax benefits for 2013 , 2012 and 2011 ( dollars in millions ) : unrecognized tax benefits ." ]

[ "the company is currently under review by the irs appeals office for the remaining issues covering tax years 1999 2013 2005 .", "also , the company is currently at various levels of field examination with respect to audits by the irs , as well as new york state and new york city , for tax years 2006 2013 2008 and 2007 2013 2009 , respectively .", "during 2014 , the company expects to reach a conclusion with the u.k .", "balance at december 31 2010 the balance at december 31 2010 of $ 3711 is $ 3711 ;" ]

[ [ "balance at december 31 2010", "$ 3711" ], [ "increase based on tax positions related to the current period", "412" ], [ "increase based on tax positions related to prior periods", "70" ], [ "decreases based on tax positions related to prior periods", "-79 ( 79 )" ], [ "decreases related to settlements with taxing authorities", "-56 ( 56 )" ], [ "decreases related to a lapse of applicable statute of limitations", "-13 ( 13 )" ], [ "balance at december 31 2011", "$ 4045" ], [ "increase based on tax positions related to the current period", "$ 299" ], [ "increase based on tax positions related to prior periods", "127" ], [ "decreases based on tax positions related to prior periods", "-21 ( 21 )" ], [ "decreases related to settlements with taxing authorities", "-260 ( 260 )" ], [ "decreases related to a lapse of applicable statute of limitations", "-125 ( 125 )" ], [ "balance at december 31 2012", "$ 4065" ], [ "increase based on tax positions related to the current period", "$ 51" ], [ "increase based on tax positions related to prior periods", "267" ], [ "decreases based on tax positions related to prior periods", "-141 ( 141 )" ], [ "decreases related to settlements with taxing authorities", "-146 ( 146 )" ], [ "balance at december 31 2013", "$ 4096" ] ]

[ "as of december 31 , 2011 , aes subsidiaries with facilities under construction had a total of approximately $ 1.4 billion of committed but unused credit facilities available to fund construction and other related costs .", "excluding these facilities under construction , aes subsidiaries had approximately $ 1.2 billion in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs .", "these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses .", "the weighted average interest rate on borrowings from these facilities was 14.75% ( 14.75 % ) at december 31 , 2011 .", "on october 3 , 2011 , dolphin subsidiary ii , inc .", "( 201cdolphin ii 201d ) , a newly formed , wholly-owned special purpose indirect subsidiary of aes , entered into an indenture ( the 201cindenture 201d ) with wells fargo bank , n.a .", "( the 201ctrustee 201d ) as part of its issuance of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 ( the 201c2016 notes 201d ) and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( the 201c7.25% ( 201c7.25 % ) 2021 notes 201d , together with the 2016 notes , the 201cnotes 201d ) to finance the acquisition ( the 201cacquisition 201d ) of dpl .", "upon closing of the acquisition on november 28 , 2011 , dolphin ii was merged into dpl with dpl being the surviving entity and obligor .", "the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes are included under 201cnotes and bonds 201d in the non-recourse detail table above .", "see note 23 2014acquisitions and dispositions for further information .", "interest on the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes accrues at a rate of 6.50% ( 6.50 % ) and 7.25% ( 7.25 % ) per year , respectively , and is payable on april 15 and october 15 of each year , beginning april 15 , 2012 .", "prior to september 15 , 2016 with respect to the 2016 notes and july 15 , 2021 with respect to the 7.25% ( 7.25 % ) 2021 notes , dpl may redeem some or all of the 2016 notes or 7.25% ( 7.25 % ) 2021 notes at par , plus a 201cmake-whole 201d amount set forth in ." ]

[ "the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 ( 1 ) weighted average interest rate at december 31 , 2011 .", "( 2 ) the company has interest rate swaps and interest rate option agreements in an aggregate notional principal amount of approximately $ 3.6 billion on non-recourse debt outstanding at december 31 , 2011 .", "the swap agreements economically change the variable interest rates on the portion of the debt covered by the notional amounts to fixed rates ranging from approximately 1.44% ( 1.44 % ) to 6.98% ( 6.98 % ) .", "the option agreements fix interest rates within a range from 1.00% ( 1.00 % ) to 7.00% ( 7.00 % ) .", "the agreements expire at various dates from 2016 through 2028 .", "( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions .", "( 4 ) non-recourse debt of $ 704 million and $ 945 million as of december 31 , 2011 and 2010 , respectively , was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets .", "non-recourse debt as of december 31 , 2011 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) ." ]

[ "december 31 , the 2015 of annual maturities ( in millions ) is 851 ;", "december 31 , the total non-recourse debt of annual maturities ( in millions ) is $ 16088 ;" ]

[ [ "december 31,", "annual maturities ( in millions )" ], [ "2012", "$ 2152" ], [ "2013", "1389" ], [ "2014", "1697" ], [ "2015", "851" ], [ "2016", "2301" ], [ "thereafter", "7698" ], [ "total non-recourse debt", "$ 16088" ] ]

[ "see note 4 to the financial statements for a description of the money pool .", "entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 .", "the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility .", "as of december 31 , 2016 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility .", "in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso .", "as of december 31 , 2016 , a $ 6.2 million letter of credit was outstanding under entergy new orleans 2019s letter of credit facility .", "see note 4 to the financial statements for additional discussion of the credit facilities .", "entergy new orleans obtained authorization from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 100 million at any time outstanding .", "see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits .", "the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through june 2018 .", "state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity .", "entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings .", "a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers .", "retail rates see 201calgiers asset transfer 201d below for discussion of the transfer from entergy louisiana to entergy new orleans of certain assets that serve algiers customers .", "in march 2013 , entergy louisiana filed a rate case for the algiers area , which is in new orleans and is regulated by the city council .", "entergy louisiana requested a rate increase of $ 13 million over three years , including a 10.4% ( 10.4 % ) return on common equity and a formula rate plan mechanism identical to its lpsc request .", "in january 2014 the city council advisors filed direct testimony recommending a rate increase of $ 5.56 million over three years , including an 8.13% ( 8.13 % ) return on common equity .", "in june 2014 the city council unanimously approved a settlement that includes the following : 2022 a $ 9.3 million base rate revenue increase to be phased in on a levelized basis over four years ; 2022 recovery of an additional $ 853 thousand annually through a miso recovery rider ; and 2022 the adoption of a four-year formula rate plan requiring the filing of annual evaluation reports in may of each year , commencing may 2015 , with resulting rates being implemented in october of each year .", "the formula rate plan includes a midpoint target authorized return on common equity of 9.95% ( 9.95 % ) with a +/- 40 basis point bandwidth .", "the rate increase was effective with bills rendered on and after the first billing cycle of july 2014 .", "additional compliance filings were made with the city council in october 2014 for approval of the form of certain rate riders , including among others , a ninemile 6 non-fuel cost recovery interim rider , allowing for contemporaneous recovery of capacity ." ]

[ "entergy new orleans , inc .", "and subsidiaries management 2019s financial discussion and analysis entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. ." ]

[ "2016 the $ 14215 of 2015 is $ 15794 ; the $ 14215 of 2014 is $ 442 ; the $ 14215 of 2013 is $ 4737 ;" ]

[ [ "2016", "2015", "2014", "2013" ], [ "( in thousands )", "( in thousands )", "( in thousands )", "( in thousands )" ], [ "$ 14215", "$ 15794", "$ 442", "$ 4737" ] ]

[ "the company 2019s major tax jurisdictions as of october 3 , 2008 for fin 48 are the u.s. , california , and iowa .", "for the u.s. , the company has open tax years dating back to fiscal year 1998 due to the carryforward of tax attributes .", "for california , the company has open tax years dating back to fiscal year 2002 due to the carryforward of tax attributes .", "for iowa , the company has open tax years dating back to fiscal year 2002 due to the carryforward of tax attributes .", "during the year ended october 3 , 2008 , the statute of limitations period expired relating to an unrecognized tax benefit .", "the expiration of the statute of limitations period resulted in the recognition of $ 0.6 million of previously unrecognized tax benefit , which impacted the effective tax rate , and $ 0.5 million of accrued interest related to this tax position was reversed during the year .", "including this reversal , total year-to-date accrued interest related to the company 2019s unrecognized tax benefits was a benefit of $ 0.4 million .", "10 .", "stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value .", "holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose .", "dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside .", "in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock .", "each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name .", "no holder of common stock is entitled to cumulate votes in voting for directors .", "the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or sell .", "in march 2007 , the company repurchased approximately 4.3 million of its common shares for $ 30.1 million as authorized by the company 2019s board of directors .", "the company has no publicly disclosed stock repurchase plans .", "at october 3 , 2008 , the company had 170322804 shares of common stock issued and 165591830 shares outstanding .", "preferred stock the company 2019s second amended and restated certificate of incorporation permits the company to issue up to 25000000 shares of preferred stock in one or more series and with rights and preferences that may be fixed or designated by the company 2019s board of directors without any further action by the company 2019s stockholders .", "the designation , powers , preferences , rights and qualifications , limitations and restrictions of the preferred stock of each skyworks solutions , inc .", "2008 annual report %%transmsg*** transmitting job : a51732 pcn : 099000000 ***%%pcmsg|103 |00005|yes|no|03/26/2009 13:34|0|0|page is valid , no graphics -- color : d| ." ]

[ "notes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : ." ]

[ "stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value ." ]

[ [ "balance at september 29 2007", "$ 7315" ], [ "increases based on positions related to prior years", "351" ], [ "increases based on positions related to current year", "813" ], [ "decreases relating to lapses of applicable statutes of limitations", "-605 ( 605 )" ], [ "balance at october 3 2008", "$ 7874" ] ]

[ "basic earnings per share is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period , which excludes unvested shares of restricted stock .", "diluted earnings per share is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period and the shares representing the dilutive effect of stock options and awards and other equity-related financial instruments .", "the effect of stock options and restricted stock outstanding is excluded from the calculation of diluted earnings per share in periods in which their effect would be antidilutive .", "special purpose entities : we are involved with various legal forms of special purpose entities , or spes , in the normal course of our business .", "we use trusts to structure and sell certificated interests in pools of tax-exempt investment-grade assets principally to our mutual fund customers .", "these trusts are recorded in our consolidated financial statements .", "we transfer assets to these trusts , which are legally isolated from us , from our investment securities portfolio at adjusted book value .", "the trusts finance the acquisition of these assets by selling certificated interests issued by the trusts to third-party investors .", "the investment securities of the trusts are carried in investments securities available for sale at fair value .", "the certificated interests are carried in other short-term borrowings at the amount owed to the third-party investors .", "the interest revenue and interest expense generated by the investments and certificated interests , respectively , are recorded in net interest revenue when earned or incurred. ." ]

[ "the following table illustrates the pro forma effect on net income and earnings per share as if all outstanding and unvested stock options in 2005 were accounted for using estimated fair value .", "2005year ended december 31 ." ]

[ "year ended december 31 , the net income as reported of 2005 is $ 838 ;", "year ended december 31 , the basic 2014as reported of 2005 is $ 2.53 ;" ]

[ [ "year ended december 31,", "2005" ], [ "( in millions except per share amounts )", "" ], [ "net income as reported", "$ 838" ], [ "add : stock option compensation expense included in reported net income net of related taxes", "20" ], [ "deduct : total stock option compensation expense determined under fair value method for all awards net of related taxes", "-27 ( 27 )" ], [ "pro forma net income", "$ 831" ], [ "earnings per share:", "" ], [ "basic 2014as reported", "$ 2.53" ], [ "basic 2014pro forma", "2.51" ], [ "diluted 2014as reported", "2.50" ], [ "diluted 2014pro forma", "2.48" ] ]

[ "segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 1% ( 1 % ) to $ 10.1 billion , compared to $ 10.0 billion in 2007 .", "the 1% ( 1 % ) increase in net sales primarily reflects a 16% ( 16 % ) increase in net sales in the home business , partially offset by an 11% ( 11 % ) decrease in net sales in the networks business .", "the 16% ( 16 % ) increase in net sales in the home business is primarily driven by a 17% ( 17 % ) increase in net sales of digital entertainment devices , reflecting a 19% ( 19 % ) increase in unit shipments to 18.0 million units , partially offset by lower asp due to product mix shift and pricing pressure .", "the 11% ( 11 % ) decrease in net sales in the networks business was primarily driven by : ( i ) the absence of net sales by the embedded communication computing group ( 201cecc 201d ) that was divested at the end of 2007 , and ( ii ) lower net sales of iden , gsm and cdma infrastructure equipment , partially offset by higher net sales of umts infrastructure equipment .", "on a geographic basis , the 1% ( 1 % ) increase in net sales was primarily driven by higher net sales in latin america and asia , partially offset by lower net sales in north america .", "the increase in net sales in latin america was 63management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 066000000 ***%%pcmsg|63 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| ." ]

[ "products and software , as well as ongoing investment in next-generation technologies , partially offset by savings from cost-reduction initiatives .", "reorganization of business charges increased due to employee severance costs and expenses related to the exit of a facility .", "sg&a expenses decreased , primarily due to lower marketing expenses and savings from cost-reduction initiatives , partially offset by increased expenditures on information technology upgrades .", "as a percentage of net sales in 2007 as compared to 2006 , gross margin and operating margin decreased , and sg&a expenses and r&d expenditures increased .", "the segment 2019s backlog was $ 647 million at december 31 , 2007 , compared to $ 1.4 billion at december 31 , 2006 .", "this decrease in backlog was primarily due to a decline in customer demand driven by the segment 2019s limited product portfolio .", "the segment shipped 159.1 million units in 2007 , a 27% ( 27 % ) decrease compared to shipments of 217.4 million units in 2006 .", "the overall decrease reflects decreased unit shipments of products for all technologies .", "for the full year 2007 , unit shipments : ( i ) decreased substantially in asia and emea , ( ii ) decreased in north america , and ( iii ) increased in latin america .", "although unit shipments by the segment decreased in 2007 , total unit shipments in the worldwide handset market increased by approximately 16% ( 16 % ) .", "the segment estimates its worldwide market share was approximately 14% ( 14 % ) for the full year 2007 , a decrease of approximately 8 percentage points versus full year 2006 .", "in 2007 , asp decreased approximately 9% ( 9 % ) compared to 2006 .", "the overall decrease in asp was driven primarily by changes in the product-tier and geographic mix of sales .", "by comparison , asp decreased approximately 11% ( 11 % ) in 2006 and 10% ( 10 % ) in 2005 .", "the segment has several large customers located throughout the world .", "in 2007 , aggregate net sales to the segment 2019s five largest customers accounted for approximately 42% ( 42 % ) of the segment 2019s net sales .", "besides selling directly to carriers and operators , the segment also sells products through a variety of third-party distributors and retailers , which account for approximately 33% ( 33 % ) of the segment 2019s net sales .", "the largest of these distributors was brightstar corporation .", "although the u.s .", "market continued to be the segment 2019s largest individual market , many of our customers , and more than 54% ( 54 % ) of our segment 2019s 2007 net sales , were outside the u.s .", "the largest of these international markets were brazil , china and mexico .", "home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol video and broadcast network interactive set-tops , end-to-end video delivery systems , broadband access infrastructure platforms , and associated data and voice customer premise equipment to cable television and telecom service providers ( collectively , referred to as the 201chome business 201d ) , and ( ii ) wireless access systems , including cellular infrastructure systems and wireless broadband systems , to wireless service providers ( collectively , referred to as the 201cnetwork business 201d ) .", "in 2008 , the segment 2019s net sales represented 33% ( 33 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2007 and 21% ( 21 % ) in 2006 .", "( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change ." ]

[ "( dollars in millions ) the segment net sales of years ended december 31 2008 is $ 10086 ; the segment net sales of years ended december 31 2007 is $ 10014 ; the segment net sales of years ended december 31 2006 is $ 9164 ; the segment net sales of years ended december 31 2008 20142007 is 1% ( 1 % ) ; the segment net sales of 2007 20142006 is 9% ( 9 % ) ;", "in 2007 , aggregate net sales to the segment 2019s five largest customers accounted for approximately 42% ( 42 % ) of the segment 2019s net sales ." ]

[ [ "( dollars in millions )", "years ended december 31 2008", "years ended december 31 2007", "years ended december 31 2006", "years ended december 31 2008 20142007", "2007 20142006" ], [ "segment net sales", "$ 10086", "$ 10014", "$ 9164", "1% ( 1 % )", "9% ( 9 % )" ], [ "operating earnings", "918", "709", "787", "29% ( 29 % )", "( 10 ) % ( % )" ] ]

[ "( a ) 2013 credit facilities on june 27 , 2013 , american and aag entered into a credit and guaranty agreement ( as amended , restated , amended and restated or otherwise modified , the 2013 credit agreement ) with deutsche bank ag new york branch , as administrative agent , and certain lenders that originally provided for a $ 1.9 billion term loan facility scheduled to mature on june 27 , 2019 ( the 2013 term loan facility ) and a $ 1.0 billion revolving credit facility scheduled to mature on june 27 , 2018 ( the 2013 revolving facility ) .", "the maturity of the term loan facility was subsequently extended to june 2020 and the revolving credit facility commitments were subsequently increased to $ 1.4 billion with an extended maturity date of october 10 , 2020 , all of which is further described below .", "on may 21 , 2015 , american amended and restated the 2013 credit agreement pursuant to which it refinanced the 2013 term loan facility ( the $ 1.9 billion 2015 term loan facility and , together with the 2013 revolving facility , the 2013 credit facilities ) to extend the maturity date to june 2020 and reduce the libor margin from 3.00% ( 3.00 % ) to 2.75% ( 2.75 % ) .", "in addition , american entered into certain amendments to reflect the ability for american to make future modifications to the collateral pledged , subject to certain restrictions .", "the $ 1.9 billion 2015 term loan facility is repayable in annual installments , with the first installment in an amount equal to 1.25% ( 1.25 % ) of the principal amount commencing on june 27 , 2016 and installments thereafter , in an amount equal to 1.0% ( 1.0 % ) of the principal amount , with any unpaid balance due on the maturity date .", "as of december 31 , 2015 , $ 1.9 billion of principal was outstanding under the $ 1.9 billion 2015 term loan facility .", "voluntary prepayments may be made by american at any time .", "on october 10 , 2014 , american and aag amended the 2013 credit agreement to extend the maturity date of the 2013 revolving facility to october 10 , 2019 and increased the commitments thereunder to an aggregate principal amount of $ 1.4 billion while reducing the letter of credit commitments thereunder to $ 300 million .", "on october 26 , 2015 , american , aag , us airways group and us airways amended the 2013 credit agreement to extend the maturity date of the 2013 revolving facility to october 10 , 2020 .", "the 2013 revolving facility provides that american may from time to time borrow , repay and reborrow loans thereunder and have letters of credit issued thereunder .", "as of december 31 , 2015 , there were no borrowings or letters of credit outstanding under the 2013 revolving facility .", "the 2013 credit facilities bear interest at an index rate plus an applicable index margin or , at american 2019s option , libor ( subject to a floor of 0.75% ( 0.75 % ) , with respect to the $ 1.9 billion 2015 term loan facility ) plus a libor margin of 3.00% ( 3.00 % ) with respect to the 2013 revolving facility and 2.75% ( 2.75 % ) with respect to the $ 1.9 billion 2015 term loan facility ; provided that american 2019s corporate credit rating is ba3 or higher from moody 2019s and bb- or higher from s&p , the applicable libor margin would be 2.50% ( 2.50 % ) for the $ 1.9 billion 2015 term loan ." ]

[ "table of contents notes to consolidated financial statements of american airlines group inc .", "secured financings are collateralized by assets , primarily aircraft , engines , simulators , rotable aircraft parts , airport leasehold rights , route authorities and airport slots .", "at december 31 , 2015 , the company was operating 35 aircraft under capital leases .", "leases can generally be renewed at rates based on fair market value at the end of the lease term for a number of additional years .", "at december 31 , 2015 , the maturities of long-term debt and capital lease obligations are as follows ( in millions ) : ." ]

[ "the 2013 credit facilities bear interest at an index rate plus an applicable index margin or , at american 2019s option , libor ( subject to a floor of 0.75% ( 0.75 % ) , with respect to the $ 1.9 billion 2015 term loan facility ) plus a libor margin of 3.00% ( 3.00 % ) with respect to the 2013 revolving facility and 2.75% ( 2.75 % ) with respect to the $ 1.9 billion 2015 term loan facility ; provided that american 2019s corporate credit rating is ba3 or higher from moody 2019s and bb- or higher from s&p , the applicable libor margin would be 2.50% ( 2.50 % ) for the $ 1.9 billion 2015 term loan .", "the $ 1.9 billion 2015 term loan facility is repayable in annual installments , with the first installment in an amount equal to 1.25% ( 1.25 % ) of the principal amount commencing on june 27 , 2016 and installments thereafter , in an amount equal to 1.0% ( 1.0 % ) of the principal amount , with any unpaid balance due on the maturity date ." ]

[ [ "2016", "$ 2266" ], [ "2017", "1598" ], [ "2018", "2134" ], [ "2019", "3378" ], [ "2020", "3587" ], [ "2021 and thereafter", "7844" ], [ "total", "$ 20807" ] ]

[ "these amounts do not include rentals based on tenants 2019 sales .", "these percentage rents approximated $ 3662000 , $ 1832000 , and $ 2157000 , for the years ended december 31 , 2003 , 2002 , and 2001 .", "except for the u.s .", "government , which accounted for 12.7% ( 12.7 % ) of the company 2019s revenue , none of the company 2019s tenants represented more than 10% ( 10 % ) of total revenues for the year ended december 31 , 2003 .", "former bradlees locations property rentals for the year ended december 31 , 2003 , include $ 5000000 of additional rent which , effective december 31 , 2002 , was re-allocated to the former bradlees locations in marlton , turnersville , bensalem and broomall and is payable by stop & shop , pursuant to the master agreement and guaranty , dated may 1 , 1992 .", "this amount is in addition to all other rent guaranteed by stop & shop for the former bradlees locations .", "on january 8 , 2003 , stop & shop filed a complaint with the united states district court claiming the company has no right to reallocate and therefore continue to collect the $ 5000000 of annual rent from stop & shop because of the expiration of the east brunswick , jersey city , middletown , union and woodbridge leases to which the $ 5000000 of additional rent was previously allocated .", "the company believes the additional rent provision of the guaranty expires at the earliest in 2012 and will vigorously oppose stop & shop 2019s complaint .", "in february 2003 , koninklijke ahold nv , parent of stop & shop , announced that it overstated its 2002 and 2001 earnings by at least $ 500 million and is under investigation by the u.s .", "justice department and securities and exchange commission .", "the company cannot predict what effect , if any , this situation may have on stop & shop 2019s ability to satisfy its obligation under the bradlees guarantees and rent for existing stop & shop leases aggregating approximately $ 10.5 million per annum .", "notes to consolidated financial statements sr-176_fin_l02p53_82v1.qxd 4/8/04 2:42 pm page 77 ." ]

[ "vornado realty trust 77 cash flows the company expects to contribute $ 959000 to the plans in 2004 .", "11 .", "leases as lessor : the company leases space to tenants under operating leases .", "most of the leases provide for the payment of fixed base rentals payable monthly in advance .", "shopping center leases provide for the pass-through to tenants of real estate taxes , insurance and maintenance .", "office building leases generally require the tenants to reimburse the company for operating costs and real estate taxes above their base year costs .", "shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales .", "as of december 31 , 2003 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , is as follows : ( amounts in thousands ) year ending december 31: ." ]

[ "these percentage rents approximated $ 3662000 , $ 1832000 , and $ 2157000 , for the years ended december 31 , 2003 , 2002 , and 2001 ." ]

[ [ "2004", "$ 1084934" ], [ "2005", "968162" ], [ "2006", "846345" ], [ "2007", "770228" ], [ "2008", "608267" ], [ "thereafter", "3423083" ] ]

[ "capital purchase obligations1 9029 7888 795 345 1 other purchase obligations and commitments2 3249 1272 1781 178 18 tax obligations3 4732 143 426 1234 2929 long-term debt obligations4 40187 1518 7583 6173 24913 other long-term liabilities5 1626 722 708 95 101 total6 $ 59658 $ 11772 $ 11607 $ 8196 $ 28083 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment .", "they were not recorded as liabilities on our consolidated balance sheets as of december 29 , 2018 , as we had not yet received the related goods nor taken title to the property .", "2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations .", "3 tax obligations represent the future cash payments related to tax reform enacted in 2017 for the one-time transition tax on our previously untaxed foreign earnings .", "for further information , see 201cnote 9 : income taxes 201d within the consolidated financial statements .", "4 amounts represent principal payments for all debt obligations and interest payments for fixed-rate debt obligations .", "interest payments on floating-rate debt obligations , as well as the impact of fixed-rate to floating-rate debt swaps , are excluded .", "debt obligations are classified based on their stated maturity date , regardless of their classification on the consolidated balance sheets .", "any future settlement of convertible debt would impact our cash payments .", "5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities .", "derivative instruments are excluded from the preceding table , as they do not represent the amounts that may ultimately be paid .", "6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities , except for the short-term portions of long-term debt obligations and other long-term liabilities .", "the expected timing of payments of the obligations in the preceding table is estimated based on current information .", "timing of payments and actual amounts paid may be different , depending on the time of receipt of goods or services , or changes to agreed- upon amounts for some obligations .", "contractual obligations for purchases of goods or services included in 201cother purchase obligations and commitments 201d in the preceding table include agreements that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction .", "for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee .", "for the purchase of raw materials , we have entered into certain agreements that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements .", "due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements have been excluded from the preceding table .", "our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons .", "in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements .", "contractual obligations that are contingent upon the achievement of certain milestones have been excluded from the preceding table .", "most of our milestone-based contracts are tooling related for the purchase of capital equipment .", "these arrangements are not considered contractual obligations until the milestone is met by the counterparty .", "as of december 29 , 2018 , assuming that all future milestones are met , the additional required payments would be approximately $ 688 million .", "for the majority of restricted stock units ( rsus ) granted , the number of shares of common stock issued on the date the rsus vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees .", "the obligation to pay the relevant taxing authority is excluded from the preceding table , as the amount is contingent upon continued employment .", "in addition , the amount of the obligation is unknown , as it is based in part on the market price of our common stock when the awards vest .", "md&a consolidated results and analysis 42 ." ]

[ "contractual obligations significant contractual obligations as of december 29 , 2018 were as follows: ." ]

[ "( in millions ) the total6 of payments due by period total is $ 59658 ; the total6 of payments due by period less than1 year is $ 11772 ; the total6 of payments due by period 1 20133 years is $ 11607 ; the total6 of payments due by period 3 20135 years is $ 8196 ; the total6 of payments due by period more than5 years is $ 28083 ;" ]

[ [ "( in millions )", "payments due by period total", "payments due by period less than1 year", "payments due by period 1 20133 years", "payments due by period 3 20135 years", "payments due by period more than5 years" ], [ "operating lease obligations", "$ 835", "$ 229", "$ 314", "$ 171", "$ 121" ], [ "capital purchase obligations1", "9029", "7888", "795", "345", "1" ], [ "other purchase obligations and commitments2", "3249", "1272", "1781", "178", "18" ], [ "tax obligations3", "4732", "143", "426", "1234", "2929" ], [ "long-term debt obligations4", "40187", "1518", "7583", "6173", "24913" ], [ "other long-term liabilities5", "1626", "722", "708", "95", "101" ], [ "total6", "$ 59658", "$ 11772", "$ 11607", "$ 8196", "$ 28083" ] ]

[ "." ]

[ "management 2019s discussion and analysis 144 jpmorgan chase & co./2010 annual report compared with $ 57 million for 2009 .", "decreases in cio and mort- gage banking var for 2010 were again driven by the decline in market volatility and position changes .", "the decline in mortgage banking var at december 31 , 2010 , reflects management 2019s deci- sion to reduce risk given market volatility at the time .", "the firm 2019s average ib and other var diversification benefit was $ 59 million or 37% ( 37 % ) of the sum for 2010 , compared with $ 82 million or 28% ( 28 % ) of the sum for 2009 .", "the firm experienced an increase in the diversification benefit in 2010 as positions changed and correla- tions decreased .", "in general , over the course of the year , var expo- sure can vary significantly as positions change , market volatility fluctuates and diversification benefits change .", "var back-testing the firm conducts daily back-testing of var against its market risk- related revenue , which is defined as the change in value of : princi- pal transactions revenue for ib and cio ( less private equity gains/losses and revenue from longer-term cio investments ) ; trading-related net interest income for ib , cio and mortgage bank- ing ; ib brokerage commissions , underwriting fees or other revenue ; revenue from syndicated lending facilities that the firm intends to distribute ; and mortgage fees and related income for the firm 2019s mortgage pipeline and warehouse loans , msrs , and all related hedges .", "daily firmwide market risk 2013related revenue excludes gains and losses from dva .", "the following histogram illustrates the daily market risk 2013related gains and losses for ib , cio and mortgage banking positions for 2010 .", "the chart shows that the firm posted market risk 2013related gains on 248 out of 261 days in this period , with 12 days exceeding $ 210 million .", "the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence-level var ex- ceeded the actual loss on each of those days .", "during 2010 , losses were sustained on 13 days , none of which exceeded the var measure .", "daily ib and other market risk-related gains and losses ( 95% ( 95 % ) confidence-level var ) year ended december 31 , 2010 average daily revenue : $ 87 million $ in millions $ in millions daily ib and other var less market risk-related losses the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads .", "this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve .", "as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized .", "debit valuation adjustment sensitivity 1 basis point increase in december 31 , ( in millions ) jpmorgan chase 2019s credit spread ." ]

[ "the firm 2019s average ib and other var diversification benefit was $ 59 million or 37% ( 37 % ) of the sum for 2010 , compared with $ 82 million or 28% ( 28 % ) of the sum for 2009 ." ]

[ [ "december 31 ( in millions )", "1 basis point increase in jpmorgan chase 2019s credit spread" ], [ "2010", "$ 35" ], [ "2009", "$ 39" ] ]

[ "." ]

[ "table of contents ended december 31 , 2015 and 2014 , respectively .", "the increase in cash provided by accounts payable-inventory financing was primarily due to a new vendor added to our previously existing inventory financing agreement .", "for a description of the inventory financing transactions impacting each period , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements .", "for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements .", "net cash used in financing activities decreased $ 56.3 million in 2014 compared to 2013 .", "the decrease was primarily driven by several debt refinancing transactions during each period and our july 2013 ipo , which generated net proceeds of $ 424.7 million after deducting underwriting discounts , expenses and transaction costs .", "the net impact of our debt transactions resulted in cash outflows of $ 145.9 million and $ 518.3 million during 2014 and 2013 , respectively , as cash was used in each period to reduce our total long-term debt .", "for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements .", "long-term debt and financing arrangements as of december 31 , 2015 , we had total indebtedness of $ 3.3 billion , of which $ 1.6 billion was secured indebtedness .", "at december 31 , 2015 , we were in compliance with the covenants under our various credit agreements and indentures .", "the amount of cdw 2019s restricted payment capacity under the senior secured term loan facility was $ 679.7 million at december 31 , 2015 .", "for further details regarding our debt and each of the transactions described below , see note 8 ( long-term debt ) to the accompanying consolidated financial statements .", "during the year ended december 31 , 2015 , the following events occurred with respect to our debt structure : 2022 on august 1 , 2015 , we consolidated kelway 2019s term loan and kelway 2019s revolving credit facility .", "kelway 2019s term loan is denominated in british pounds .", "the kelway revolving credit facility is a multi-currency revolving credit facility under which kelway is permitted to borrow an aggregate amount of a350.0 million ( $ 73.7 million ) as of december 31 , 2015 .", "2022 on march 3 , 2015 , we completed the issuance of $ 525.0 million principal amount of 5.0% ( 5.0 % ) senior notes due 2023 which will mature on september 1 , 2023 .", "2022 on march 3 , 2015 , we redeemed the remaining $ 503.9 million aggregate principal amount of the 8.5% ( 8.5 % ) senior notes due 2019 , plus accrued and unpaid interest through the date of redemption , april 2 , 2015 .", "inventory financing agreements we have entered into agreements with certain financial intermediaries to facilitate the purchase of inventory from various suppliers under certain terms and conditions .", "these amounts are classified separately as accounts payable-inventory financing on the consolidated balance sheets .", "we do not incur any interest expense associated with these agreements as balances are paid when they are due .", "for further details , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements .", "contractual obligations we have future obligations under various contracts relating to debt and interest payments , operating leases and asset retirement obligations .", "our estimated future payments , based on undiscounted amounts , under contractual obligations that existed as of december 31 , 2015 , are as follows: ." ]

[ "( in millions ) the operating leases ( 3 ) of payments due by period total is 143.2 ; the operating leases ( 3 ) of payments due by period < 1 year is 22.5 ; the operating leases ( 3 ) of payments due by period 1-3 years is 41.7 ; the operating leases ( 3 ) of payments due by period 4-5 years is 37.1 ; the operating leases ( 3 ) of payments due by period > 5 years is 41.9 ;", "( in millions ) the total of payments due by period total is $ 4386.1 ; the total of payments due by period < 1 year is $ 194.6 ; the total of payments due by period 1-3 years is $ 433.7 ; the total of payments due by period 4-5 years is $ 1738.4 ; the total of payments due by period > 5 years is $ 2019.4 ;" ]

[ [ "( in millions )", "payments due by period total", "payments due by period < 1 year", "payments due by period 1-3 years", "payments due by period 4-5 years", "payments due by period > 5 years" ], [ "term loan ( 1 )", "$ 1703.4", "$ 63.9", "$ 126.3", "$ 1513.2", "$ 2014" ], [ "kelway term loan ( 1 )", "90.9", "13.5", "77.4", "2014", "2014" ], [ "senior notes due 2022 ( 2 )", "852.0", "36.0", "72.0", "72.0", "672.0" ], [ "senior notes due 2023 ( 2 )", "735.1", "26.3", "52.5", "52.5", "603.8" ], [ "senior notes due 2024 ( 2 )", "859.7", "31.6", "63.3", "63.3", "701.5" ], [ "operating leases ( 3 )", "143.2", "22.5", "41.7", "37.1", "41.9" ], [ "asset retirement obligations ( 4 )", "1.8", "0.8", "0.5", "0.3", "0.2" ], [ "total", "$ 4386.1", "$ 194.6", "$ 433.7", "$ 1738.4", "$ 2019.4" ] ]

[ "dividends the company has declared and paid cash dividends of $ 0.25 per ordinary share in each quarter of 2014 and 2015 .", "in addition , in january 2016 , the board of directors increased the annual dividend rate to $ 1.16 per ordinary share , and declared a regular quarterly cash dividend of $ 0.29 per ordinary share , payable on february 29 , 2016 to shareholders of record at the close of business on february 17 , 2016. ." ]

[ "table of contents stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends .", "fiscal year ending december 31 , 2015 .", "( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lear corp. , lkq corp. , meritor inc. , standard motor products inc. , stoneridge inc. , superior industries international , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc .", "company index november 17 , december 31 , december 31 , december 31 , december 31 , december 31 ." ]

[ "company index the delphi automotive plc ( 1 ) of november 17 2011 is $ 100.00 ; the delphi automotive plc ( 1 ) of december 31 2011 is $ 100.98 ; the delphi automotive plc ( 1 ) of december 31 2012 is $ 179.33 ; the delphi automotive plc ( 1 ) of december 31 2013 is $ 285.81 ; the delphi automotive plc ( 1 ) of december 31 2014 is $ 350.82 ; the delphi automotive plc ( 1 ) of december 31 2015 is $ 418.67 ;" ]

[ [ "company index", "november 17 2011", "december 31 2011", "december 31 2012", "december 31 2013", "december 31 2014", "december 31 2015" ], [ "delphi automotive plc ( 1 )", "$ 100.00", "$ 100.98", "$ 179.33", "$ 285.81", "$ 350.82", "$ 418.67" ], [ "s&p 500 ( 2 )", "100.00", "100.80", "116.93", "154.80", "175.99", "178.43" ], [ "automotive supplier peer group ( 3 )", "100.00", "89.62", "109.96", "166.26", "176.25", "171.91" ] ]